Tag: June 1932
United States Senate, Budget Deficit Reduction, Washington 1933
In a shocking move, the United States Senate has approved a sweeping National Economy Bill, aiming to cut a staggering $150 million to $175 million from the federal budget. The bill, which will soon be sent to President Hoover’s desk, is set to take effect on Friday, the first day of the new fiscal year.…
Sidney F. Taliaferro, Public Corruption, Washington D.C., 1932
Washington D.C.’s underworld was buzzing with anticipation as the District Board of Public Welfare prepared to take control of a massive relief fund. The proposed $350,000 windfall was meant to support the city’s struggling unemployed, but insiders hinted at a more sinister motive – the potential for corruption and abuse of power. Related Federal Cases…
Willys, Securities Fraud, California 2022
June 14, 1932, was a day of reckoning for the Prohibition era. In a bombshell statement, John N. Willys, motor car magnate and former ambassador to Poland, announced his support for the repeal of the 18th Amendment. Willys, a self-proclaimed abstainer, returned from Warsaw to declare his stance, echoing the sentiments of John D. Rockefeller…
Anthony Overton, Corporate Impairment, Chicago IL, 1932
Shadows of doubt have fallen over the Victory Life Insurance Company, a Chicago institution, following the collapse of the Douglas National Bank in which it was heavily invested. The state of Illinois has issued a stern warning: no new business will be written until an investigation into the company’s financial stability is complete. The probe…
Herbert Hoover, Prohibition Plank Manipulation, Washington D.C. 1932
Washington D.C., June 10, 1932 – In a shocking display of party politics, President Herbert Hoover’s representatives were spotted pulling the strings behind the scenes at the Republican National Convention. Postmaster General Walter Brown, a key advisor to the President, was seen ‘keeping his hands off’ the contentious prohibition plank, fueling speculation about Hoover’s true…
