March 20: ON THIS DAY IN HISTORY
ON THIS DAY IN 1933, the Brooklyn Daily Eagle reported, “WASHINGTON (AP) — The House today passed and sent to the Senate a bill which would let state banks and trust companies borrow from Federal Reserve banks. The golden flood into the Federal Reserve banks has returned well above $400,000,000 in two weeks since President Roosevelt decreed hoarding was injuring the nation. Gold hoarders have been given until March 27 to return their stocks to the banks. The Federal Reserve Board yesterday sent out word to each of its 12 districts, extending the time for compiling of lists of those who have withdrawn gold since Feb. 1. There was no official comment. At the same time the Treasury authorized unopened state member banks to permit withdrawals of amounts not exceeding 5 percent of their deposits and repealed regulations allowing withdrawals from closed banks for meeting payroll and necessities of life. It was explained unofficially that with a number of banks now open, the regulations could well be set aside to conserve the assets of banks closed or under conservators.”
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ON THIS DAY IN 1937, an Eagle editorial said, “The belief that has been held in many quarters that some legal way would be found to balk the marriage of Mrs. Wallis Simpson and Edward, Duke of Windsor, was practically punctured yesterday as a result of the developments in the British Divorce Court in London. The charge of collusion made by a mysterious solicitor, Francis Stephenson, was dismissed following the report by the King’s proctor that he could find no ground to prevent the granting of the absolute divorce sought by Mrs. Simpson. The proctor found specifically that there had been no collusion; that the petitioner ‘was not an accessory to or connived at adultery,’ and that there had been no conduct on her part which made her not entitled to relief. This should end the gossip that for months has rocked Great Britain and the rest of the world. Whether it actually will is another matter. Gossip has a persistence that withstands the most formidable array of facts.”