Show ROOSEVELT MAY MAYBE MAYBE MAYBE BE MONEY CZAR Move Seen to Empower President President dent to Regulate Value of U. U S. S Currency Copyright 1933 by United Press WASHINGTON April 19 The United Press was reliably Informed the that contemplated today that the next move ed in the world-wide world money battle is isa a grant to President Roosevelt of supreme supreme su su- su preme power to regulate the val value e of United States currency currency Legislation to that end has been discussed at the White House we and now is in the hands of ot Mr Roosevelt's Roosevelt's ad ad- The proposal under consideration consideration consider consider- is almost identical with a currency currency cur cur- rency amendment offered to the farm bill by Senator Thomas D. D Okla The program if it adopted w would uld be bein e ein in iii effect a surrender by congress to the president of ot th the constitutional power to coin money and regulate the value thereof Mr Roosevelt is understood to be greatly impressed by bythe bythe bythe the strong position such legislation would give him in forthcoming discussions discussions discussions dis dis- with foreign statesmen and later in the world economic confer ence ente As now under consideration by Mr Roosevelt's advisers and still subject to amendment the grant of Author Authority authority authority author author- ity would empower the president to todo todo todo do any or all of ot the following 1 Issue United States notes in denominations denominations de de- nominations of ot 1 to 2 Fix by proclamation the proportional pro pro- value of ol silver r to gold in all nIl American coins 3 Fix the weight of the gold Jold dollar dol- dol lar lar- larThe The bill would create a dollar stabilization board authorized to regulate regulate regulate reg reg- stabilize and maintain the stabilized purchasing power of the dollar The bill would contain a paragraph by which congress would declare the existence of an emergency emergency emergency emer emer- gency in view of which the president would be made the agent of congress in the the e exercise ercse 0 of c constitutional ll pow pow- I ers ens relative e to 10 coinage comage It is understood on gooc authority j that the grant of power should be interpreted interpreted in in- as a bargaining weapon rather than as an immediate avenue to currency inflation but that if it enacted en acted Mr Mn Roosevelt would be prepared prepared pre pre- prepared pre pre- pared to utilize some of its authority It t would be used in an effort eUort not only to Increase commodity prices nices es in this country but to stabilize currency I I throughout the world and thereby lead ead the world toward more normal economic conditions |