Word: rfc
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...President's message was read the Treasury boosted the domestic gold price which for 21 business days had stood still at $34.06 an ounce (60⅔? dollar) to $34.45-or a 60? dollar, the upper limit set, announced that future purchases would be made not by the RFC but by the New York Federal Reserve Bank for the Treasury. The monetary gold stock of the U. S. including the gold to be taken from the Reserve Banks is $4,300,000,000. So the "profit" to the Treasury from revaluation will be not less than...
...RFC. Of the $6,000,00,.000 new money which the Government will have to borrow in the next few months nearly $4,000,000,000 will be necessary to provide the cash which the RFC dispenses. Although everyone knew that vast RFC advances were being made, few people realized on what a grand scale big Texan Jesse Jones was playing Santa Claus to U. S. business. His biggest benefaction for fiscal 1934: new capital for banks, $1,350,000,000; carrying farm commodities, $498,000,000; state relief, $462,000,000. These "staggering" totals will not represent total losses...
...RFC expenditures only. Other emergency expenditures were treated in fiscal 1933 as part of ordinary expenses...
...Left front. From 35? an ounce in August the price of silver shot to 45? an ounce on Jan. 2, due to the pressure of Messrs. Thomas, King, Wheeler (left to right below) toward monetizing silver and the resultant Presidential order for Treasury purchases of silver, much like RFC purchases of gold. True, the new gold-silver ratio is only 53-to-1 as compared to Bryan's 16-to-1 formula, but that is only a first step, say the Silver Senators...
...moved as he had rarely been moved before. Back in his Manhattan office, Mr. Hayden heard of plans to supply New York City with a planetarium to match Chicago's. President Frederick Trubee Davison of the American Museum of Natural History had created a planetarium Authority, got RFC's promise to take $650,000 of planetarium bonds to be paid off by millions of 25? admissions. The RFC loan was enough to pay for the building. But additional contributions were needed for the Zeiss projector, whose standard price of $110,000 was rapidly mounting in terms of Roosevelt...