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Salt Lake Telegram | 1933-11-13 | Page 1 | Woodin Says He's Backing Gold Policy

Type issue
Date 1933-11-13
Paper Salt Lake Telegram
Language eng
City Salt Lake City
County Salt Lake
Rights No Copyright - United States (NoC-US)
Publisher Digitized by J. Willard Marriott Library, University of Utah
ARK ark:/87278/s6475k03
Reference URL https://newspapers.lib.utah.edu/ark:/87278/s6475k03

Page Metadata

Article Title Woodin Says He's Backing Gold Policy
Type article
Date 1933-11-13
Paper Salt Lake Telegram
Language eng
City Salt Lake City
County Salt Lake
Page 1
OCR Text WOODIN SAYS HES HE'S BACKING GOLD POLICY Treasury Head Denies Any Opposition to Roosevelt Program PRICE HIKED TO Secretary Consults With President Gives Statement Br 87 Associated run Press WASHINGTON Nov A 13 vigorous vigor vigor- ous Otis denial that the treasury is is' opposing ing jag President Roosevelt's gold buying policy was made today by Secretary Woodin Coincident with another hike Inthe in inthe the R. R RF F. F C. C purchase price for newly mined domestic gold to an ounce the secretary of the treasury was a White House visitor Later he called reporters to his desk at the treasury and said The liThe president has been goodenough goodenough good goodenough enough to consult with me in his pro pro pro-I gramI gram I 1 am heartily in sympathy with al aU all his policies and will back them to the limit Reports Bring Brine Action S The move apparently was occasioned occa- occa occa occasioned by reports that Sec See Secretary Secretary Woodin as well as Governor Black of the federal reserve board anc and Henry Bruere were not in sympathy With the governments government's mone monetary monetary rl pro pro- gram Legality Settled It It developed further that the treasury treasury treasury treas treas- ury has raised but one point throughout through through- out the governments government's gold buying program pro pro- gram that gram that of its legality which legality which the department of justice has found to come within the law Jaw Meanwhile the London price o of gold was 1 shilling lower but the dollar renewed its downward tren trenwith trend with the result that at the opening exchange rate of the dollar doUar value of gold in London was as comp compared com corn p pared with on Saturday Study Various Phases Various VarJo s phases phases phases' of the gold program were gone over at the White House meeting The president was represented as simply wanting U to talk lalk over developments developments develop ments with the men men who had been watching them them No attention it was said was given to the meeting called by Senators Senators Sena Sena- tors tars Thomas D. D Dt Okla and Smith p. p S. S C. C for next Friday Point to Price Rise Officials pointed out today that tha since gold buying began the metals metal's dollar value had been boosted in this country around an oun ounce e. e The world price had risen fast too so fast Cast in fact the American price last week was once below foreign quotations The result was that the skidding American dollar stopped its downward downward downward down down- i ward flight light steadying for a time I I LONDON Nov 13 3 British JP-British treasury officials i says the Daily Mail Man are beginning to think President Roosevelt was bluffing about buying gold abroad No trace of gold purchases pur pun chases by bythe the president can be found
Reference URL https://newspapers.lib.utah.edu/ark:/87278/s6475k03/16298333