UNTANGLING NEW YORK'S FINANCIAL KNOTS; Definite Progress Has Been Made in Balancing the 1934 Budget, But the Budget of 1935 Presents Great Difficulties
By Harold Phelps Stokes
Feature article; graph; table
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On this day
May 6, 1934
Revisit the news, notable people, and historical moments connected to this date.
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Headlines from May 6, 1934
BRITAIN, 5 OTHER NATIONS, NOT IN DEFAULT ON DEBTS; RUSSIA HELD A DEFAULTER; CUMMINGS GIVES OPINION Roosevelt's View Quoted in Ruling on Those Paying 'Tokens.' SOVIET IS CALLED LIABLE No Precedent Is Found for Waiving Obligations of the Kerensky Regime. BUSINESS PAPER IS EXEMPT Bonds of Solvent Foreign Cities Are Declared Not Covered by the Johnson Act. BRITAIN DECLARED NOT A DEFAULTER
By Special to THE NEW YORK TIMES
Atty Gen Cummings rules on nations in default on debts, in response to Sec Hull's request for interpretation of Johnson act; business paper declared exempt
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British Expected to Offer Another Token; Hold Cummings Has Vindicated Debt Policy
By Special Cable to THE NEW YORK TIMES
Cumming's ruling regarded as vindication of Brit war debt policy
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THE SUMMARY OF A NATIONAL TOUR; AN ACTRESS'S REFLECTIONS ON THE ROAD
By Eva le Gallienne
Feature article by E Le Gallienne
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Cavalcade Is Winner of the Kentucky Derby; 60,000, Record Crowd, See Exciting Race
By Unknown Author
Vs Columbia
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Notable Births
1934Richard Shelby, American lawyer and politician[†]
Richard Craig "Dick" Shelby is an American lawyer and politician who served as a United States senator from Alabama from 1987 to 2023. First elected to the U.S. Senate in 1986 as a Democrat, Shelby switched to the Republican Party in 1994. Shelby is the longest-serving U.S. senator from Alabama, holding office for exactly 36 years.