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L14081

MAR 15 1938

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Regulations of Secretary of the Treasury, September 12, 1933...
Executive Order, relating to gold recovered from natural
deposits, October 25, 1933...

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Executive Order, relating to receipt of gold on consignment by the Mints and Assay Offices, January 15, 1934............. Executive Order, January 15, 1934, amending Executive Order of March 10, 1933, and Proclamation of December 30, 1933. Executive Order, regulating transactions in foreign exchange, transfers of credit, and the export of coin and currency, January 15, 1934..........

Order of the Secretary of the Treasury, supplementing order requiring the delivery of gold coin, January 15, 1934.------Instructions sent by the Secretary of the Treasury, January 17, 1934.

Gold Reserve Act of 1934, approved January 30, 1934----------
Provisional regulations of Secretary of the Treasury issued under
the Gold Reserve Act of 1934..

Proclamation of the President fixing weight of gold dollar,
January 31, 1934...

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Foreign laws relating to the enforcement of gold clauses...-----

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Inthe Supreme Court of the United States

OCTOBER TERM, 1934

Nos. 471 AND 472

UNITED STATES OF AMERICA, RECONSTRUCTION Finance Corporation, et al., petitioners

v.

BANKERS TRUST COMPANY AND WILLIAM H. BIXBY, trustees

ON WRITS OF CERTIORARI TO THE UNITED STATES CIRCUIT COURT OF APPEALS FOR THE EIGHTH CIRCUIT

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PROCLAMATION OF THE PRESIDENT, MARCH 6, 19331 (48 STAT., "PROCLAMATIONS OF THE PRESIDENT OF THE UNITED STATES", P. 1)

[BANK HOLIDAY, MARCH 6-9, 1933, INCLUSIVE]

WHEREAS there have been heavy and unwarranted withdrawals of gold and currency from our banking institutions for the purpose of hoarding; and

WHEREAS Continuous and increasingly extensive speculative activity abroad in foreign exchange has resulted in severe drains on the Nation's stocks of gold; and

WHEREAS these conditions have created a national emergency; and

WHEREAS it is in the best interests of all bank depositors that a period of respite be provided with a view to preventing further hoarding of coin, bullion or currency or speculation in foreign exchange and permitting the application of appropriate measures to protect the interests of our people; and

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WHEREAS it is provided in Section 5 (b) of the Act of October 6, 1917 (40 Stat. L. 411), as amended, "That the President may investigate, regulate, or prohibit, under such rules and regulations as he may prescribe, by means of licenses or otherwise, any transactions in foreign exchange and the export, hoarding, melting, or earmarkings of gold or silver coin or bullion or currency and

1 Certified copies of the Proclamations, Orders, Regulations, and Instructions contained herein have been filed with the Clerk of the Court.

WHEREAS it is provided in Section 16 of the said Act "that whoever shall willfully violate any of the provisions of this Act or of any license, rule, or regulation issued thereunder, and whoever shall willfully violate, neglect, or refuse to comply with any order of the President issued in compliance with the provisions of this Act, shall, upon conviction, be fined not more than $10,000, or, if a natural person, imprisoned for not more than ten years, or both; *"";

Now, THEREFORE, I, Franklin D. Roosevelt, President of the United States of America, in view of such national emergency and by virtue of the authority vested in me by said Act and in order to prevent the export, hoarding, or earmarking of gold or silver coin or bullion or currency, do hereby proclaim, order, direct and declare that from Monday, the sixth day of March, to Thursday, the ninth day of March, Nineteen Hundred and Thirty Three, both dates inclusive, there shall be maintained and observed by all banking institutions and all branches thereof located in the United States of America, including the territories and insular possessions, a bank holiday, and that during said period all banking transactions shall be suspended. During such holiday, excepting as hereinafter provided, no such banking institution or branch shall pay out, export, earmark, or permit the withdrawal or transfer in any manner or by any device whatsoever, of any gold or silver coin or bullion or currency or take any other action which might facilitate the hoarding thereof; nor shall any such banking institution or branch pay out deposits, make loans or discounts, deal in foreign exchange, transfer credits from the United States to any place

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