redemption manual 4.5 edition

The very first Act passed by Congress when they met in Special Session has the followingpreamble."Be it enacted by the Senate and the House of Representative of the United States ofAmerica in Congress assembled, that the Congress hereby declares that a seriousemergency exists and that it is imperatively necessary to speedily put into effectremedies of uniform national application." [bold emphasis added]On the first day of their special session, Congress approved Proclamation 2039. On the sameday, their President, Mr. Franklin Delano Roosevelt, re-issued it as Proclamation 2040."Whereas, under the Act of March 9, 1933, all Proclamations heretofore or hereafterissued by the President pursuant to the authority enforced by section 5(b) of the Act ofOctober 6, 1917, as amended, are approved and confirmed;" [President Roosevelt'sProclamation 2040].On that same day, Congress passed the following statute:"During time of war or during any other period of national emergency declared by thePresident, the President may, through any agency that he may designate, or otherwiseinvestigate, regulate, or prohibit under such rules and regulations as he may prescribeby means of licensure or otherwise, any transaction in foreign exchange, transactionsof credit between or payments by banking institutions as defined by the President andexport, hoarding, melting, or ear markings of gold or silver coin or bullion orcurrency, by any person within the United States or anyplace subject to the jurisdictionthereoJ. " [Title 1, Sec. 2, 48 Statute 1, March 9, 1933, emphasis added]This is exactly the same language that was found in the 1917 Trading with the Enemy Act. Theexclusion of transactions within the UNITED STATES had been removed from the Statute.This statute can now be found in the United States Code at 12 USC § 95b. This is the currentversion of the statute. Notice that the wording is almost identical to that found in the 1933statute (shown in above paragraph)."Sec. 95b. - Ratification of acts of President and Secretary of the Treasury undersection 95a. The actions, regulations, rules, licenses, orders and proclamationsheretofore or hereafter taken, promulgated, made, or issued by the President of theUnited States or the Secretary of the Treasury since March 4, 1933, pursuant to theauthority conferred by section 95a of this title, are approved and confirmed. " [12 USC§95b]This version says that the authority is granted in 12 USC § 95a. But if you look in the notes tothat statute you will see that the original source authority is located in "Oct. 6, 1917, ch. 106,Sec. 5(b), 40 Stat. 415" and later in "Mar. 9, 1933, ch. 1, title I, Sec. 2, 48 Stat. I." So, thealleged President still has the authority as it was originally granted in 1917 and later modified in1933.REDEMPTION MANUAL - FOUR POINT FIVE EDITION 151