The Archive · 1938

Devaluation

Diselosing the lines on which the campaign will be conducted, Senator Thomas, in an exclusive message to United Press from Durant, Okla., demanded that President Roosevelt utilize his authority to devalue the dollar's gold content to 50 per cent. Also we will introduce a bill to convert the Federal Reserve Board into a monetary authority for the express purpose of securing the proper value of the dollar, then keep the dollar as stable as humanly possible," Senator Thomas declared.

Calling attention to the fact that]

Text read from the printed page and cleaned; old type leaves the occasional error.

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