DailyTimeCapsule brief
August 23, 1932
On August 23, 1932, the liner America, once a pride of the Hamburg-American fleet and commanded by Captain Fried, was en route to its final destination—a shipyard where it would be scrapped. This vessel had an illustrious history, symbolizing transatlantic travel during a time of economic uncertainty. The Great Depression continued to grip the United States, affecting industries and the workforce. In political circles, optimism arose from the Home Loan Bank Board, as three members returning from a trip expressed newfound enthusiasm for banking, suggesting that the prospect of more liquid mortgages could help ease financial strains in New England. Meanwhile, in Hartford, Joseph Fowler Field, at the remarkable age of 97, was celebrated as the last survivor of his Grand Army of the Republic post, marking a poignant connection to the Civil War era as the nation dealt with contemporary challenges.
Key developments
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On August 23, 1932, the liner America began its journey to the Chesapeake Bay, where it was scheduled to be scrapped. Once a notable vessel in the Hamburg-American Line and commanded by the esteemed Captain Fried, the America symbolized the peak of transatlantic travel. Its retirement marked the end of an era for luxurious ocean liners.
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On August 23, 1932, three board members returned to the capital after a nationwide tour to report growing enthusiasm for home loan banks. Their findings indicated that the prospect of more liquid mortgages was positively impacting the New England region. This optimism reflects a larger trend in the United States regarding the stability of banks during the economic challenges of the Great Depression.
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JOSEPH FOWLER FIELD.; Last Survivor of His G. A. R. Post In Hartford Was 97*
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