The Frisco Employes' Magazine, March 1929
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X-6737 TUB DISCOUNT RATE CONTROVERSY BETWEEN THE FEDERAL RESERVE BOARD and THE FEDERAL RESERVE BANK OF NEW YORK -1- November [1st approx., 1930. The Federal Reserve Bank of New York, in its Annual Report for the year 1929, stated: "For a number of weeks from February to May, 1929, the Directors of the Federal Reserve Bank of New York voted an increase in the discount rate from 5% to 6%. This increase was not approved by the Board." Annual Report, Page 6. ~2~ The above statement makes clear the error of the prevailing view that the discount rate controversy lasted from February 14, 1929, - the date of the first application for increase in discount rates, - to August 9, 1929, the date of the Board's approval of the increase from 5% to 6%. The controversy began on February 14, 1929, but practically ended on May 31, 1929. On May 22, 1929, Governor Harrison and Chairman McGarrah told the Board that while they still desired an increase to 6%, they found that the member banks, under direct pressure, feared to increase their borrowings, and that they wanted to encourage them to borrow to meet the growing demand for commercial loans. 16 Diary 76 (69). Furthermore, on May 31, 1929, Chairman McGarrah wrote to the Federal Reserve Board that the control of credit without increasing discount rates Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis X-6737 - 2 - (direct pressure) had created uncertainty; that agreement upon a program to remove uncertainty was far more important than the discount rate; that in view of recent changes in the business and credit situation., his directors believed that a rate change now without a mutually satis- factory program, might only aggravate existing tendencies; that it may soon be necessary to establish a less restricted discount policy in order that the member banks may more freely borrow for the proper conduct of their business:; that the Federal reserve bank should be prepared to increase its portfolio if and when any real need of doing so becomes apparent. -
Service Notes
of the Government of India in the Department of Education, Health and Lands. Major H. Caldwell Tait, m.b.E., i.m.s., Military Medi- cal Officer, Roorkee, to ibe the Civil Medical Officer of Roorkee, in addition to his own duties, vice Major E. A. Penny, i.m.s., with effect from the afternoon of 23rd April, 1929. The undermentioned temporary commissioned officers are appointed permanently to the Indian Medical Service subject to His Majesty's approval:? Lieutenant Sher Mohammad Khan Mallick, m.b. Dated 16th February, 1928, with seniority from 18th August, 1927. Lieutenant Euruch Ardeshir Ruttanji Ardeshir. Dated 30th April, 1928, with seniority from 16th Decem- ber, 1927. Lieutenant Thaku Chuharmal Ramchandani, m.b., F.r.c.s.E. Dated 30th April, 1928, with seniority from 12th May, 1926. Lieutenant Cheruvari Kottieth Lakshmanan. Dated 30th April, 1928, with seniority from 21st October, 1925. To be Lieutenants (on probation). Service Notes. K. F. Alford, m.b., 4th February, 1929, with seniority 6th January, 1927. H. J. Curran, m.b., 4th February, 1929. Appointments and Transfers. H. T. McWilliams, m.b., 4th February, 1929. P. Shannon, m.b., 4th February, 1929. Colonel W.- D. c.i.E., m.b., v.h.s., i.m.s., J. Megaw, G. m.b., 4th 1929. with the Government of J. O'Connor, February, Officiating Surgeon-General B. Griffiths, 4th 1929. is to that post, with J. February, Madras, appointed permanently E. A. Y. Mackeown, 4th 1929. effect from the forenoon of the 3rd April. 1929. February, H. S. Waters, m.b., 4th 1929. -
Subordinate Laws—1929
Australian Capital Territory Subordinate laws—1929 A chronological listing of subordinate laws notified in 1929 [includes subordinate laws 1929 Nos 1-14] Subordinate laws—1929 1 22 January 1929 Amendment of Canberra Sewerage and Water lapsed on repeal of Supply Regulations (repealed) SL1924-4 made on made under the Building and Services Ordinance 16 October 1924 1924 2 November 1933 notified 25 January 1929 (Cwlth Gaz 1929 No 10) taken to have commenced 1 January 1929 (see reg) 2 4 March 1929 Amendment of Leases Regulations 1919 repealed by SL1929-3 (repealed) made on 28 March 1929 made under the Leases Ordinance 1918 reg 2 (1) notified 7 March 1929 (Cwlth Gaz 1929 No 22) 25 April 1929 commenced 7 March 1929 (see Interpretation Ordinance 1914 s 5) 3 28 March 1929 Leases Regulations 1929 (repealed) lapsed on repeal of Act (renamed as Leases Regulations) 2 April 1992 made under the Leases Ordinance 1918 notified 25 April 1929 (Cwlth Gaz 1929 No 41) commenced 25 April 1929 (see Interpretation Ordinance 1914 s 5) 4 28 March 1929 Amendment of Canberra Sewerage and Water lapsed on repeal of Supply Regulations (repealed) SL1924-4 made on made under the Building and Services Ordinance 16 October 1924 1924 2 November 1933 notified 11 April 1929 (Cwlth Gaz 1929 No 36) taken to have commenced 1 January 1929 (see reg) 5 28 March 1929 Fish Protection (Close Season) Regulations repealed by SL1931-1 (repealed) made on 24 January made under the Fish Protection Ordinance 1929 1931 reg 2 notified 4 April 1929 (Cwlth Gaz 1929 No 34) 26 February 1931 commenced -
The Observer's Handbook for 1929
The O bserver’s H andbook FOR 1929 PUBLISHED BY The Royal A stronomical Society of Canada E d ited by C. A. CHANT TWENTY-FIRST YEAR OF PUBLICATION TORONTO 198 College Street Printed for the Society 1929 CALENDAR The O bserver’s H andbook FOR 1929 PUBLISHED BY The Royal Astronomical Society of Canada TORONTO 198 C ollege Street Prin ted for the Society 1929 CONTENTS Preface ------- 3 Anniversaries and Festivals - 3 Symbols and Abbreviations - 4 Solar and Sidereal Time - 5 Ephemeris of the Sun - - - 6 Occultations of Fixed Stars by the Moon - 8 Times of Sunrise and Sunset - 9 Planets for the Year ------ 22 Eclipses in 1929 - - - - 26 The Sky and Astronomical Phenomena for each Month 28 Phenomena of Jupiter’s Satellites - 52 Meteors and Shooting Stars - - - 54 Elements of the Solar System - 55 Satellites of the Solar System - 56 Double Stars, with a short list - 57 Variable Stars, with a short list 59 Distances of the Stars - 61 The Brightest Stars, their magnitudes, types, proper motions, distances and radial velocities - 63 Astronomical Constants - 71 Index - - - - - - - 72 PREFACE It may be stated that four circular star-maps, 9 inches in diameter, roughly for the four seasons, may be obtained from the Director of University Extension, University of Toronto, for one cent each; also a set of 12 circular maps, 5 inches in diameter, with brief explanation, is supplied by Popular Astronomy, Northfield, Minn., for 15 cents. Besides these may be mentioned Young’s Uranography, containing four maps with R.A. and Decl. circles and excellent descriptions of the constellations, price 72 cents; Norton's Star Atlas and Telescopic Handbook (10s. -
The Frisco Employes' Magazine, February 1929
LOCOMOTIVE FUEL PERFORMANCE RECORDS Ofice of Fuel Agent EL conservation is and always mance previous year. However, the number of sub-divisions which have 7\11 be a live issue on the "Frisco 1928 unit consumption and cost per about the same tonnage rating, grade FLws" growing each year and re- unit was the lowest in the history of line, etc., and keen competition exists By directly in bringing about a the railroad. between the crews on these sub-divi- ksc in money expended for fuel. A word might be said here in con- sions. >,par of 1928 has just ended and nection with records made by individ- The year of 1928 was a record II gratifying to be able to say ual engine and train crews. Through- breaker but by continued close co- + min we made a considerable out the year these records are pub- operation the year of 1929 should over the previous year, verify- lished in the Magmine to allow each bring even better results. I*!?above phrase that each year division to see what the other is do- At this time the fuel performance I$ '? a lower consunlption of fuel ing in lowering the best previous fuel figures for the full year are not avail- records. Each particular division as able, however the following figures TI year. a whole has different conditions under represent performance made on each which to work, therefore one cannot Division and Class of Service for he compared very favombly with month of December, 1928, compared another. Ne~ertheless there are a to same month in 1927: FREIGHT SERVICE Per Cent d 1923 compared to 1928. -
Survey of Current Business March 1929
·.UNITED ·STATES. , , ~' I , , DEPARTMENTI I' ' ' OF:. COMMERCE·I 'I WASHINGTON --,-'--- .· :. ( . ' SU·RV.EY. O'F , . CU.RRENt BUSINESS. ,·'' MARCHj ', ,, :1929' •' \ ~No •. 91 ,,, I '','I , r:.- \1 \ IMPORTANT ·NOTICE ~· • ', , , ~ ' ' ' ' < ' I I I • ," • ' ''\ In addition to fog1f-r(s givcnfrorn.,Gor.itrnmeitt ..tource,s, there art also incorporatedjiJ,r completeness of· I ,•\ , ) 1 • - I ' ',' 1, , .strvite fig~~ts jropi." other sources generally a,ctep.trd by ,the, ,trades, the authopty and resppnsibil#y for whick arepote,d in the','Sourcifoj.Deita" on pages 139-14~ofthe February; 1929, semiannut)i issue, 1 '·, .; ': f , I " , , ,' ' ' i , ,, · ': ' IN,TRODUCTION T~e $uRYEY;OF Cu~~E~T B·u'siNEm3 ~ d~si~ne(to designed to .sh6w- ,the .tren<l of. an. entir~ group of ~present. each month.~ :plc~ure.of;the b:usm~ss situatio~ industries or fo:r;'the :Co~ try as a whol¢, iJ;lstead of for . by setting forth t}le: p:rtnctpa1' facts regardmg _the van~ the ·single commodity· 9r industry 'Yhich the relative . · ous li:Qes of tra.'de and industry:. , ~he fig,ures reported number covets.. Comparis~:ms with the base year or are very· largell. 'those already In ·e:nstence.. The , ' with other pe:riods are ma.de in the same manner as fu 1,·!. chief fuliction 0, .• the department is' to' bring together the case 0~ relative numb~rs. ' these datil- which, if available at. all, arw scaltered in hundreds of dijferent publications. A portion of theae' d1tta arj:l coll~et~4 ~y Go~er9Jl!Emt 9ep~rtments, . In mast instances, the charts ti~d in th~ SuRVEY other figures are. -
Monthly Weather Review March, 1929 Bibliography
MONTHLY WEATHER REVIEW MARCH,1929 BIBLIOGRAPHY C. FITZHUQHTALYAN, in Charge of Library RECENT ADDITIONS Jantzen. K.-Continued. Zehnjiihrige meteorologische Beobachtungen (1918-1927) in The following have been selected from among the Wilno. Wilno. 125. 37 p. 24:1 cm. (Trav. SOC. sri. titles of books recently received as representing those et des lettres de Wilno. Classe des sci. math. et natur. T. 4,) most likely to be useful to Weather Bureau officials in (Bull. de l’Observ. astron. de Wilno. 11. MBt. no. 5.) [Auth- their meteorological work and studies: or, title and text in German and Polish.] Japan. International latitude observatory. Aldrich, L. B Soundings with pilot balloons on clear nights concuirently with Study of body radiation. Washington. 1928. 54 p. figs. the latitude observations during the period 1922-1925. 25 cm. (Smith. misc. coll. v. 81, no. 6.) n. p. 1928. iv, 301 p. figs. plates. 30% cm. Boasolaaco, M. I1 concambio di masse nella libera atmosfera. Pisa. 1928. KaminskijyBeitrageA. zur Klimntologie der Nordkuste Asiens. Leningrad. 16 p. 25 cm. (Estr. L’Aerotecnica, Giorn. atti dell’ass. ital. 1925. lsxvi, 231 p. 31 cm. (,Acad. sci. de 1’Union r6p. di aerotec. Anno. 8, N. 10. 1928. VI.) sov. soc. Trav. de la Comm. pour 1 Btude de la RBp. autonome Chammy, N. P. Climatology of the Gold Coast. London. 1928. 63 p. sov. soc. Iakoute. T. 5.) plates (part fold.) 25 cm. (Dept. agric. Gold Coast. Bull. Kemp, W. B., & Metzger, J. E. no. 15.) Environmental factors influencing wheat production in hiary- Chaptal, Lton &nile. land. College Park. -
Currency Vs. Banking in the Financial Crisis of 1931∗
Crisis? What Crisis? Currency vs. Banking in the Financial Crisis of 1931∗ Albrecht Ritschl Samad Sarferaz LSE and CEPR ETH Zurich Dept. of Economic History KOF Swiss Economic Institute Houghton Street Weinbergstrasse 35 London WC2A 2AE, UK 8092 Zurich, Switzerland Phone: +44-20-7795-6482 Phone: +41-44-632-4683 E-mail: [email protected] E-mail: [email protected] December 2, 2010 Abstract This paper examines the role of currency and banking in the German financial crisis of 1931 for both Germany and the U.S. We specify a structural dynamic factor model to identify financial and monetary factors separately for each of the two economies. In contrast to conventional wisdom, we find only a minor role for monetary policy transmission, while financial distress was important. Monetary or financial crisis prop- agation from the U.S. to Germany was weak. Instead there is evidence of substantial crisis transmission from Germany to the U.S. via the banking channel. We also find major real effects of the 1931 crisis on both economies, again transmitted via the bank- ing channel. Financial distress itself responded more strongly to real than to monetary factors. Results confirm Bernanke's (1983) conjecture that a non-monetary financial channel of crisis propagation was operative in the Great Depression. JEL: N12, N13, E37, E47, C53 Keywords: Great Depression, banking channel, 1931 financial crisis, international business cycle transmission, factor analysis ∗This research was funded by Deutsche Forschungsgemeinschaft under Collaborative Research Project SFB 649. Samad Sarferaz acknowledges financial support by the European Science Foundation via the Globalizing Europe Economic History Network and the Marie Curie Research Training Networks, and thanks the University of Zurich and the European University Institute in Florence for their hospitality. -
Special Libraries, February 1930 Special Libraries Association
San Jose State University SJSU ScholarWorks Special Libraries, 1930 Special Libraries, 1930s 2-1-1930 Special Libraries, February 1930 Special Libraries Association Follow this and additional works at: http://scholarworks.sjsu.edu/sla_sl_1930 Part of the Cataloging and Metadata Commons, Collection Development and Management Commons, Information Literacy Commons, and the Scholarly Communication Commons Recommended Citation Special Libraries Association, "Special Libraries, February 1930" (1930). Special Libraries, 1930. Book 2. http://scholarworks.sjsu.edu/sla_sl_1930/2 This Book is brought to you for free and open access by the Special Libraries, 1930s at SJSU ScholarWorks. It has been accepted for inclusion in Special Libraries, 1930 by an authorized administrator of SJSU ScholarWorks. For more information, please contact [email protected]. Vol. 21 February, 1930 No. 2 Business Builders Business Book Reviews THE PACIFIC COAST Librarians' Mecca in June S* L* A. San Francisco, Calif, JUNE 18, 19, 20, 21 A* L* A* Los Angeles, Calif. JUNE 23.28 Entmd u msmnd clu matter at the Pod Ofice, Pmvldence, R. I. under the Act of March 8, 117B. Aemptma for mltllne mt .peeid mta of postago pmvldcd for in don 1105, Act of October 8, 1B11. authorLed October 22, 1921. Rata: 15.00 a year. Fomlgn $6.60; sinela mpla W olltr Contents ' ARTICLES Business Builders. By Margaret Reynolds .............. 39 Digest of Business Book Reviews. By the Staff of the Newark Business Branch Library .................... 46 Commendation.. ...... 59 National Character of 5.L.A.................... 55 Fellowship Grants. ... 59 Sqn Francisco Conven- Japanese Classification 52 ti....................... 53 Milwaukee Municipal Trayslators' Associa- Library .................. 59 tion ............................. 59 DEPARTMENTS Associations ............... -
Thalia, Vol. 1, Issue 4 (February 1929)
Thalia Volume 1 | Issue 4 Article 1 2-1929 Thalia, Vol. 1, Issue 4 (February 1929) Follow this and additional works at: http://scholar.dickinson.edu/thalia Part of the Creative Writing Commons Recommended Citation (1929) "Thalia, Vol. 1, Issue 4 (February 1929)," Thalia: Vol. 1: Iss. 4, Article 1. Available at: http://scholar.dickinson.edu/thalia/vol1/iss4/1 This Complete Issue is brought to you for free and open access by the Publications at Dickinson Scholar. It has been accepted for inclusion in Thalia by an authorized administrator of Dickinson Scholar. For more information, please contact [email protected]. 1 February, 1929 THALIA Carter's Drug Store Eastman Films, etc. Developing, Printing and Enlarging The Chocolat' Shop Whitman's Chocolates 28 South Hanover Street JOHNS News had reached the village of Forksville that a motor-bus plying between the neighboring towns of Bumpton and Gush Hollow and gone over the side of a cliff with all on board. It was also known in Forksville that the wife of the much henpecked SODAS MARY LEE Bud Blodgett was en route to Gush Hollow via CANDIES the bus line. An interested villager immediately called on Bud. SALTED NUTS ''Ain't ye worred 'bout yer wife, Bud f " he asked. "Well," replied Bud, "I was fer a while, but FINE her cousin in Bumpton jest called up an' said she CONFECTIONS CIGARETTES saw Sal git on the bus with her own eyes." -American Legion Weekly. I I I 35 W. High Street NO HELP WANTED To start with, Smith doesn't cut a distinguished figure in his evening clothes. -
Archival Insights Into the Evolution of Economics
Archival Insights into the Evolution of Economics Series Editor Robert Leeson Stanford University Stanford, CA, USA Tis series provides unique insights into economics by providing archival evidence into the evolution of the subject. Each volume provides biograph- ical information about key economists associated with the development of a key school, an overview of key controversies and gives unique insights provided by archival sources. More information about this series at http://www.palgrave.com/gp/series/14777 Robert Leeson Editor Hayek: A Collaborative Biography Part XV: The Chicago School of Economics, Hayek’s ‘luck’ and the 1974 Nobel Prize for Economic Science Editor Robert Leeson Stanford University Stanford, CA, USA Archival Insights into the Evolution of Economics ISBN 978-3-319-95218-5 ISBN 978-3-319-95219-2 (eBook) https://doi.org/10.1007/978-3-319-95219-2 Library of Congress Control Number: 2018946165 © Te Editor(s) (if applicable) and Te Author(s) 2018 Tis work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifcally the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microflms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Te use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specifc statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. -
Federal Reserve Bulletin December 1929
FEDERAL RESERVE BULLETIN DECEMBER, 1929 ISSUED BY THE FEDERAL RESERVE BOARD AT WASHINGTON The Banking Position Branch and Chain Banking Recent Changes in the Wholesale Price Level UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON : 1929 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis FEDERAL RESERVE BOARD Ex officio members: ROY A. YOUNG, Governor. A. W. MELLON, EDMUND PLATT, Vice Governor. Secretary of the Treasury, Chairman. ADOLPH C. MILLER. CHARLES S. HAMLIN. J. W. POLE, GEORGE R. JAMES. Comptroller of the Currency. EDWARD H. CUNNINGHAM. WALTER L. EDDY, Secretary. WALTER WYATT, General Counsel. J. C. NOELL, Assistant Secretary. E. A. GOLDENWEISER, Director, Division of Research E. M. MCCLELLAND, Assistant Secretary. and Statistics. W. M. IMLAY, Fiscal Agent. CARL E. PARRY, Assistant Director, Division of Re* Chief, Division of Examination, and Chief Federal search and Statistics. Reserve Examiner. E. L. SMEAD, Chief, Division of Bank Operations. FEDERAL ADVISORY COUNCIL District No. 1 (BOSTON) ARTHUR M. HEARD. District No. 2 (NEW YORK) WM. C. POTTER. District No. 3 (PHILADELPHIA) L. L. RUE. District No. 4 (CLEVELAND) HARRIS CREECH. District No, 5 (RICHMOND) JOHN POOLE. District No. 6 (ATLANTA) J. P. BUTLER, Jr District No, 7 (CHICAGO) FRANK O. WETMORE, President. District No, 8 (ST. LOUIS) W. W. SMITH. District No. 9 (MINNEAPOLIS) THEODORE WOLD. District No, 10 (KANSAS CITY) P. W. GOEBEL. District No, 11 (DALLAS) B. A. MCKINNEY, Vice President. District No, 12 (SAN FRANCISCO) F. L. LIPMAN. WALTER LICHTENSTEIN, Secretary Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis OFFICERS OF FEDERAL RESERVE BANKS Federal Reserve Bank of— Chairman Governor Deputy governor Cashier Boston Frederic H.