• New York Police Commissioner
Grover Whalen publicized a series of letters which he said were evidence of the
Communist International financing riots and strikes in the United States.
Amtorg Trading Corporation chairman Peter Bogdanov released a statement saying the letters alleged to have been written by an Amtorg official were forgeries. •
Canada's Finance Minister introduced the
Dunning Tariff as response to the
Smoot–Hawley Tariff Act passed by the U.S. Congress and awaiting the President's signature. Canada's most drastic tariff revision since 1907, the tariff raised duties on American goods while giving preferential treatment to British goods. •
Died: Isidor Gunsberg, 75, Austro-Hungarian chess player ==Saturday, May 3, 1930==