Monday, December 16, 2013

Monday, 16 December 1929

Helsinki:  

The cabinet of Prime Minister Kyosti Kallio asks Parliament for extended powers to curtail the flow of communist propaganda threatening to destabilize the country. 



United States:  

Bad economic news: unemployment jumped 3% just from October to November.  Trade in the auto industry, a major contributor to the country’s industrial output, fell 17% from October to November, and is down 23% from prior year.

Berlin:  

President Paul von Hindenburg confers with Reichsbank President Hjalmar Schacht this evening, supposedly to learn Schacht’s attitude toward the US$10 million loan the finance ministry is negotiating in the United States.  The German advisory board on foreign loans refused earlier in the day to approve a $15 million loan for the city of Berlin from U.S. banks.  But whatever is discussed between Schacht and Hindenburg is not shared publicly.

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