16 Aug 1929
Page 1
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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Aug 16, 1929
Page
1
Senator King cites excess profits in capitalization and notes tariff hearings gathering material to fuel public demand for an inquiry into financial mergers and stock dividends used to dodge taxes.
The Rt. Hon. Reginald McKenna, chairman of the Midland Bank, contends that world finance operates on a dollar basis rather than a gold standard. He argues dollars fix gold values, a view supported by today’s banking leaders and reflected in market sentiment.
An old advertisement touts Calotabs as the greatest of all system purifiers. It claims physicians endorse perfect purification for health and invites readers to cleanse the body with a thorough course taken once or twice weekly for several weeks. A family package with directions is offered for 35 cents at drugstores.
Clemson President Sikes outlines a program to raise up educated youth and grow South Carolina’s wealth through agricultural industrial advances. He emphasizes equality of educational and economic opportunity, modernization of agriculture, and expansion of industry to fund public and private institutions.
The Grand Lodge Bulletin cites total U S Mason membership at 4 308 629 with South Carolina at 29 694 and North Carolina 41 350. States show a net gain of 2 034 for last year while twelve states lost members totaling 6 409. New York leads with 643 700 Masons, Ohio fourth with 204 658, and Nevada the fewest at 3 954.
The Standard Oil of Indiana has acquired the Pan-American Petroleum Company, owner of the Mexican Co and Lago Oil and substantial producing interests in Mexico, Colombia, and South America. The merged capital will approach 1,000 million dollars.
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