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February 16, 1929

Revisit the news, notable people, and historical moments connected to this date.

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Headlines from February 16, 1929

CURB ON STOCK SPECULATION BACKED BY RESERVE COUNCIL; LOANS CALLED, PRICES DROP; MONEY GOES TO 10 PER CENT $60,000,000 Withdrawn --Wall St. Nervous Over Rediscount Situation. DIRECT ACTION SUGGESTED Council Wants Member Banks Asked to Restrict Credit for Market Operations. MOVE COMPLETE SURPRISE Opinion Had Been Expressed That Board Lacked Power and Would Not Press Warning. Approving the warning of the Federal Reserve Board against the use of Federal Reserve credit in stock market speculation, the Federal Advisory Council, in an unexpected announcement yesterday, recommended that all member Statement of the Council. Aggressive Stand Unexpected. UNCERTAINTY ON BANK RATE. Rumors on Protracted Reserve Meeting Have Unsettling Effect. AYRES SAYS BOARD CAN WIN. Alternative Is Humiliating Loss of Prestige, He Holds in Review.

By Unknown Author

Asked by Fed Advisory Council to cooperate to curb loans for stock market speculation

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BRITAIN INTENDS TO SEEK NAVY CUT AFTER ELECTION, SIR ESME HOWARD THINKS; ENVOY SAYS WAY IS CLEAR Cruiser Bill's Passage Held Bar to False Interpretations. NEED OF NEW EFFORT SEEN America Has Shown Herself Favorable to Negotiations, Sir Esme Points Out. WASHINGTON IS CAUTIOUS Some Senators and Officials See Statement as a Gesture for Home Consumption. Lays Groundwork for Discussion. The Ambassador's Statement. BRITAIN DUE TO ASK CUT IN HER NAVY Geneva Failure Recalled. Cruiser Foes Likely to Open Fire. LONDON MAINTAINS SILENCE. But Chamberlain's Statement to the House Is Recalled.

By Richard V. Oulahan. Special To the New York Times

British attitude toward naval armament limitation

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Notable Births

Gerhard Hanappi

1929Gerhard Hanappi, Austrian footballer and architect (died 1980)[†]

Gerhard Hanappi was an Austrian football midfielder who is often regarded as one of the greatest Austrian footballers. He is also the father of political economist Hardy Hanappi.

Peter Porter (poet)

1929Peter Porter, Australian-English poet and educator (died 2010)[†]

Peter Neville Frederick Porter OAM was a British-based Australian poet.