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March 26, 1929

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

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Headlines from March 26, 1929

WARD RULING BACKS STATE REPUBLICANS IN FIGHT ON BUDGET; Attorney General Says Fiscal Chiefs Share Power With the Governor Over Lump Sums. ROOSEVELT STILL DISSENTS Executive Says Ward's Opinion Is Not Law and Is Not Binding on Any One. NEW INCOME TAX CUT BILL Hofstadter-Moffat Plan Provides Higher Exemptions Applying to Last Calendar Year. Plan to Speed Fiscal Program BACKS REPUBLICANS IN FIGHT ON BUDGET Attorney General's Opinion. Powers of the Chairmen. Governor Replies to Ward.

By W.a. Warn. Special To the New York Times

Atty Gen Ward's ruling on lump-sum items in Gov Roosevelt's supplementary budget bill

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ALL FRANCE TO PAUSE TO BURY FOCH TODAY; Great of Many Lands Reach Paris to Honor Him as Van of Millions Lines Funeral Route. 50,000 AT NOTRE DAME BIER With Unprecedented Sense of Loss, Whole Nation Will Join in Spirit the Paris Requiem. To Guard Against Great Crush. ALL FRANCE TO PAUSE TO BURY FOCH TODAY Cathedral Opened to Crowds. All Allies to Be Represented. Officers Who Will Attend.

By Carlisle MacDonald. Special Cable To the New York Times

Ceremonies for Foch

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STOCK PRICES BREAK HEAVILY AS MONEY SOARS TO 14 PER CENT; Tightening of Country's Credit Causes One of Broadest Drops in Exchange's History. 90 ISSUES AT YEAR'S LOW Expectation of Drastic Action by Reserve Board a Factor in Liquidation. 5,862,210 SHARES TRADED Radio and International T.& T. Go Up Against the Tide--Wall Street Expects a Rally. STORK PRICES BREAK AS MONEY SOARS $25,000,000 Call Money Withdrawn. Decline of Last Seven Days. Wall Street Looks for Rally. Recessions From 1929 Highs. Radio Common Up 4 . TIGHTEST CREDIT IN 9 YEARS. Call Rate Goes to 14 Per Cent as Banks Withdraw Funds. Seasonal Increases in Demand. PRICES BREAK ON CURB. Liquidation Extends to All Parts of the List. CALL HUNDREDS OF MARGINS Brokers Issue Demands by Wire-- Say Accounts Are Satisfactory. CHICAGO BORROWERS AIDED. Corporations and Individuals Lend to Banks and Brokers. COAST WITHDRAWING FUNDS. Bankers Say Movement Is to Meet Quarterly Dividends.

By Unknown Author

Sharp decline in securities

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Notable Births

Charles Dumont (singer)

1929Charles Dumont, French singer and composer (died 2024)[†]

Charles Gaston Dumont was a French singer and composer. Dumont is best remembered for writing or co-writing more than 30 of the most well-known songs recorded by singer Édith Piaf, including "Non, je ne regrette rien".

1929Edward Sorel, American illustrator and caricaturist[†]

Edward Sorel is an American illustrator, caricaturist, cartoonist, graphic designer and author. His work is known for its storytelling, its left-liberal social commentary, and its criticism of right-wing politics and organized religion. Formerly a regular contributor to The Nation, New York Magazine and The Atlantic, his work is today seen more frequently in Vanity Fair. He has been hailed by The New York Times as "one of America's foremost political satirists". As a lifelong New Yorker, a large portion of his work interprets the life, culture and political events of New York City. There is also a large body of work which is nostalgic for the stars of 1930s and 1940s Hollywood when Sorel was a youth. Sorel is noted for his wavy pen-and-ink style, which he describes as "spontaneous direct drawing".

1929Edwin Turney, American businessman, co-founded Advanced Micro Devices (died 2008)[†]

Edwin James Turney is best known as one of the founders of Advanced Micro Devices serving as the Vice President of Sales and Administration from 1969 to 1974.