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July 16, 1931

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

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Headlines from July 16, 1931

REICH CRISIS UPSETS EXCHANGE MARKETS; British Pound Falls 2 Cents --Dollar and Franc Rise in Rush for Soundest Currency. GERMAN BONDS STILL DROP New York Bankers Fear Trade With Europe Will Be Harmed by Unstable Moneys. London Likely to Ship Gold. REICH CRISIS UPSETS EXCHANGE MARKETS Sterling Falls, Franc Rises. Banks Honor German Checks.

By Unknown Author

The foreign exchange markets here and abroad suffered yesterday the most severe dislocation since the war, leading to grave apprehension on the part of bankers as to the effects upon international trade. Foreign capital sought refuge in the two currencies with the heaviest gold backing, the dollar and the franc.

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Germans Quit Belgian Shore And Rush Over the Frontier

By Special Cable to THE NEW YORK TIMES

German tourists return from Belgium

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5-CENT FARE MUST STAND, COURT OF APPEALS RULES; CITY OFFICIALS JUBILANT; OID CONTRACTS HELD VALID Transit Board Has No Power to Raise Rate, Tribunal Holds. 'SAYING CLAUSE' IS CITED Amendments Are Declared Subject to It in UnanimousOpinion of Justices.ISSUE "OUT OF POLITICS"Walker Finds It a Personal Triumph--Untermyer Points toLarge Sums Saved to Public. Lines' Course Undecided. Holds 5-Cent Was Intent. 5-CENT FARE UPHELD BY APPEALS COURT Saving Clauses Found Explicit. Bars Separate Elevated Rise. Decision Held to Affect B.M.T.

By Special to The New York Times

Decision on I R T fare case

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Battleship Idaho Captures Navy Gunnery Championship

By Special to The New York Times

Idaho wins gunnery trophy

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1 SLAIN, 3 WOUNDED IN UPTOWN RACE RIOT; Filipinos Clash With SpanishAmericans at Two Pointsin Lower Harlem.SHOTS FLY, KNIVES WIELDED Rival Groups, Charging Insultsto Women, Finally Subduedby Police Clubs. Riot Call Turned In. 1 SLAIN, 3 WOUNDED IN UPTOWN RIOTS

By Unknown Author

Slain in Filipino-Spanish Amer race riot in lower Harlem; 3 others wounded

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Notable Births

1931Fergus Gordon Kerr, Scottish Roman Catholic priest of the English Dominican Province^[†]

Fergus Gordon Thomson Kerr is a Scottish Roman Catholic priest of the English Dominican province. He has published significantly on a wide range of subjects, but is famous particularly for his work on Ludwig Wittgenstein and Thomas Aquinas.

1931Norm Sherry, American baseball player, manager, and coach (died 2021)^[†]

Norman Burt Sherry was an American baseball catcher, manager, and coach who played five seasons in Major League Baseball (MLB). He played for the Los Angeles Dodgers and New York Mets from 1959 to 1963. Sherry went on to coach and manage the California Angels, and also served as coach of the Montreal Expos, San Diego Padres and San Francisco Giants.

Historical Events

1931Emperor Haile Selassie signs the first constitution of Ethiopia.^[†]

The emperor of Ethiopia, also known as the Atse, was the hereditary ruler of the Ethiopian Empire, from at least the 13th century until the abolition of the monarchy in 1975. The emperor was the head of state and head of government, with ultimate executive, judicial and legislative power in that country. A National Geographic article from 1965 called Imperial Ethiopia "nominally a constitutional monarchy; in fact it was a benevolent autocracy".