Home U.S. Coin Forum
Options

"All safe deposit boxes in banks have been sealed... and may only be opened in the presence of

13»

Comments

  • Options
    If you thought Homeland Security was wrong when they called veterans our biggest threat to national security; then read this!

    link

    Washington scares the hell out of me; either aisle! It makes alot more sense that the feds are going after the off shore accounts with a vengence.
  • Options
    MY head is spinning. I tried to find all the actions involved. Here is what I have.

    Very few SD boxes were ever searched. The only time I am aware that they were mentioned is in Proclamation 2040 of 9 March 1933.
    Executive order 6102 Apr 5 1933 required the surrender of gold coin and certificates in 14 days.
    Executive order 6260 Aug 28, 1933 revoked 6102 but continued the ban, all to be turned in in 30 days.
    November 16, 1933, the surrender order was delared null and void by a court due to a technicalty.
    Executive order of Dec 28, 1933 was done right and required everything to be turned in one month. No exemption for quarter eagles.
    Executive order of Jan 11, 1934 allows collectors to have a maximum of 4 quarter eagles of each date, mint and design.

    Here is a list of actions involved. I didn't complee it. I copied it.

    Chronology of Major Actions with Respect to Gold Ownership from October 6, 1917 to July 20, 1962.

    1. October 6, 1917: Enactment of Trading with the Enemy Act; Pres!dent receives power to regulate and/or prohibit transactions in gold.

    2. September 24, 1918: Amendment of Trading with the Enemy Act: President receives power to prohibit hoarding of gold.

    3. March 5, 1933: Presidential Proclamation No. 2038; convenes Congress on March 9, 1933.

    4. March 6, 1933: Presidential Proclamation No.2039; bank holiday declared until March 9,1933.

    5. March 9, 1933: Presidential message to Congress (H.R. Doc. No. I); requests passage of H.R. 1491, emergency banking legislation.

    6. March 9, 1933: Enactment of Emergency Banking Act; approves bank holiday; delegates to President power to regulate and/or prohibit transactions in gold in time of war. or during any other national emergency declared by him; delegates to Secretary of the Treasury power to requisition gold.

    7. March 9,1933: Presidential Proclamation No.2040; continues bank holiday.

    8. March 10, 1933: Presidential Executive Order No.6073; authorizes Secretary of the Treasury to decide which banks can reopen; prohibits export of gold, except as allowed by Secretary of the Treasury.

    9. March 18, 1933: Presidential Executive Order No.6080; authorizes appointment of bank conservators, if necessary to protect bank assets.

    10. April 5, 1933: Presidential Executive Order No.6102; owners of gold required to turn it over to the Government in exchange for paper currency.

    11. April 19, 1933: Secretary of the Treasury advises that until further notice no licenses will be granted for export of gold.

    12. April 20, 1933: Presidential Executive Order No. 6111; prohibits earmarking for foreign account and the export of gold coin, gold bullion, or gold certificates, but authorizes Secretary of the Treasury to issue licenses permitting such export under certain conditions.

    13. April 29, 1933: Secretary of the Treasury issues regulations; persons needing gold for proper transactions not involving hoarding can apply for licenses; day before Acting Secretary of the Treasury announced no such licenses would be granted unless applicant had first surrendered his gold.

    14. June 5, 1933: Joint Resolution of Congress declares gold clause contracts violate public policy and thus are void; action later upheld by Supreme Court in Norman v. Baltimore & O.R. Co., 294 U.S. 240 (1935).

    15. August 28, 1933: Presidential Executive Order No. 6260; declares national emergency, revokes Executive Orders of April 5 and 20, 1933; requires filing of information returns; with certain minor exceptions, requires delivery of all domestically held private gold to Federal Reserve Banks; authorizes Secretary of the Treasury to license acquisition of gold: imposes stiff criminal penalties for violation of government gold policies.

    16. August 29, 1933: Presidential Executive Order No, 6261: forces domestic gold producers to sell their output to Secretary of the Treasury, at price to be set by latter, for resale to those with gold licenses and/or foreign purchasers.

    17. September 12, 1933: Secretary of the Treasury issues comprehensive regulations under Executive Orders of August 28 and 29, 1933.

    18. October 25, 1933: Presidential Executive Order No, 6359: amends (in minor way) and revokes, respectively, Executive orders of August28 and 29, 1933: Treasury Department, to conform amends its regulations of September 12, 1933 accordingly.

    19. November 16, 1933: United States District Court in New York upholds passage of Emergency Banking Act of March 9, 1933, its delegation of power to the President, and Section 3 of his Executive Order of August 28, 1933 requiring returns to be filed: invalidated is Roosevelt's requisition of gold under the August 28, 1933 Executive Order, which the court holds should have been made by the Secretary of the Treasury. Campbell v. Chase Nat'l Bank, 5 F. Supp. 156 (S.D.N.Y. 1933).

    20. December28, 1933: Secretary of the Treasury promulgates order requisitioning gold, setting deadline of midnight on January 1, 1934.

    21. January 11, 1934: Secretary of the Treasury amends in minor respect a rare coin exception made in his December 28, 1933 order.

    22. January 12, 1934: Presidential Executive Order No, 6556: amends in minor respect the Executive Order of August 28, 1933.

    23. January 15, 1934: Presidential Executive Order No. 6560: makes minor changes regarding transactions in foreign exchange, transfers of credit, and the export of coins and currency.

    24. January 15, 1934: Secretary of the Treasury directs mints and assay offices to receive gold newly mined in the United States on consignment for the Federal Reserve Bank of New York: also supplements his order of December 28, 1933 by extending until midnight on January 17, 1934, the deadline for the surrender of gold in compliance with his order of December 28, 1933.

    25. January 15, 1934: Presidential message to Congress: requests passage of additional gold legislation, vesting in the Government possession and title to all monetary gold in America.

    26. January 17, 1934: Secretary of the Treasury instructs the Treasurer, mints, assay offices, and fiscal agents of the United States regarding gold not delivered to the Government before the midnight deadline.

    27. January 17, 1934: Senate Banking and Currency Committee makes public the opinion of Attorney General Homer Cummings to the effect that the proposed new gold legislation is constitutional.

    28. January 30, 1934: Gold Reserve Act approved: transfers to Government all gold of Federal Reserve System: gold coin ordered withdrawn from circulation and formed into bars: gold in any form to be acquired, transported, melted or treated, imported, exported, or earmarked or held in custody for foreign or domestic account only to the extent allowed by Treasury regulations issued under Act: Secretary of the Treasury issues provisional regulations.

    29. January 31, 1934: Provisional Treasury regulations amended with regard to purchase and sale of gold by United States mints: also in regard to collectors of rare coins.

    30. July 20, 1962: by Executive Order No. 11037, President John F. Kennedy prohibits Americans from owning gold outside the continental limits of the United States.



This discussion has been closed.