Professional Documents
Culture Documents
Dear Reader,
How are you? Has the winter treated you nicely? We hope the
blankets we administered last month helped if you had been
cold before. Here at the ARLA we have been pressing hard for
legislation to pass. Read the transcript of one of our members of
the Washington D.C. chapters speech to Congress. We hope
what were trying to pass will bring some relief to you. We also
have new tips and relief coming your way! Just find your local
ARLA chapter to receive it. Find out about it below.
Stay healthy,
American Relief and Lobby Association
Upcoming Events
March 25
Colin F. delivers speech to
Congress
March 31
Planned relief for banks will
be administered by ARLA
Community garden supplies
begin to be administered
In The News
Domestic:
US bobsled team member
Eddie Eagan becomes only
athlete to win gold in both
Summer & Winter Olympics
(1920 boxing gold)
International:
Japanese forces occupy
Harbin, Manchuria
Page 1 of 3
Money Usage:
Page 2 of 3
I present to you this piece of legislation, the Glass-Steagall Act, which will cover and provides resolutions to
the problems that have stemmed from the banks.
1. A tighter regulation of national banks given to the Federal Reserve. This act outlines the regulations of
banks by the Federal Reserve. The Federal Reserve must be mindful of how many loans are being
administered and if undue use of bank credit for speculative carrying of commodities, real-estate, or
securities is being made. This will cover the issue of banks loaning too much, which led to this awful
umbra we face today.
2. This act prohibits the sale, purchase, or underwriting of securities. Banks can no longer buy securities
than sell them like they practiced beforehand. Also banks cannot underwrite securities. This takes away
another unsafe practice which has led to many bank failures and people without money to withdraw.
These two problems can be resolved with this act and cure the illness that had befallen on us
3. Insurance on loans. With this act comes the creation of a Federal Deposit Insurance Corporation. Every
deposit will be insured up to 2,500 dollars. This gives confidence to the people to trust banks and deposit
in them and therefore revitalize banks who are dependent on deposits to function adequately. This will
save failing banks and bring health to our sickened economic situation.
Honorable Congressmen, I urge you to vote forth this legislation. Save our country. Save the men and
women who have put you this place. May I remind you that you, Congressmen, serve them; they install
you with your power. Relive the starving children, bring back the banks, invigorate our grand country pf
the land of the free and brave who have been oppressed enough by this awful event. Vote forth this
legislation, Congressmen, vote forth it!
Thank you.
Page 3 of 3