THE PRESIDENCY: Roosevelt Week: Jan. 22, 1934

The President said nothing publicly but what he had on his mind was no secret: money. It was known that he had on his desk an opinion from Attorney General Cummings on the Treasury's right to take over the Federal Reserve System's gold holdings. It was known that Mr. Cum mings, Secretary Morgenthau (with his outgoing adviser, Earle Bailie), Governor Eugene Black of the Federal Reserve, Rene Leon, big silver propagandist, all had been in session at the White House. At his regular meeting with correspondents the President dropped two hints of...

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