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United States Secretary of the Treasury Salmon P. Chase had already anticipated the approaching monetary disaster, proposing to Congress the institution of a system of national banks, each empowered to challenge banknotes backed not with gold but with federal bonds. He dubbed the uniform "Powder Keg Blue", a powder blue with an explosive kick. In 1917, UC Regent Edward Augustus Dickson, the only regent representing the Southland on the time, and Ernest Carroll Moore, Director of the normal College, started to lobby the State Leg

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