Currency Bill Becomes a Law National banking overhaul outlined
Washington dec 23 the new currency banking and finance law broad in scope smooth in tone authorizes a federal reserve board regional banks and treasury notes to supply elastic currency while preserving bank safety national banks must join regional systems with 6 percent capital stock regional banks can loan reserves back to member banks and public ownership is allowed only if needed to reach minimum capital.
MENTIONED IN THIS ARTICLE
Treasury
Disputed Points Adjusted In Conference On Federal Reserve Reforms
The conference adjusted points between senate and house on federal reserve reforms. Changes retain Comptroller of currency and secretary of agriculture on the organization committee. Ex-officio status for the Comptroller on the federal reserve board. seven members for ten year terms. Alaska excluded. National banks have 30 days to subscribe capital stock after district setup. Individuals may buy up to 25000 stock. nonmember bank stock has no voting power. Regional reserve banks to be eight to twelve. minimum capital 4 million. No senator or representative may be a reserve bank officer. Class C directors barred from bank roles. Member banks may nominate one A and one B director candidate. Subscription 6 percent of capital and surplus. Senate deposit guarantee eliminated. Reserve notes not to be used as bank reserves. At least one third of country bank reserves to reside in local vaults. House restores par collections for banks to cover actual expenses. Retirement of 2 percent bonds up to 300 million within 20 years, vs 125 million in senate bill. Gold reserve behind notes stays at 40 percent with tax on depletion. Board members’ salaries rise to 12000. Directors and officers’ pay subject to federal reserve board approval. Recess appointments to the reserve board expire 30 days after next session opens. Net balance due from and to other banks used to determine reserve deposits.
MENTIONED IN THIS ARTICLE
Washington
Congress
WIII
New York
Chicago
St. Louis
Federal Reserve Board
Secretary of the Treasury
United States Treasury
United States
Senate
House
Secretary of Agriculture
Alaska
Federal Reserve District
Federal Reserve Bank
Federal Reserve
Federal Board
Reserve Board
Reserve
Federal Reserve Banks
Norfolk couple marks golden wedding after ten children
The Pitt family of Trunch Norfolk celebrate their golden wedding. Mr and Mrs John Pitt, earning between 2 50 and 4 a week, have raised a family of ten, all still living.
MENTIONED IN THIS ARTICLE
John Pitt
Trunch
Norfolk
England
Furniture Factories Kept Busy This Year
Furniture factories stayed busy as homes across the country require about 229.587 million dollars worth of furniture annually. Strong demand supports furniture makers and related industries, driving production and employment in key regional centers.
City magnate buys lavish doll for daughter
In a bold purchase a prominent city figure paid one thousand dollars for an ornate doll set for his little girl. The doll features a full wardrobe of dozens of miniature fashionable costumes and represents exceptional workmanship.
Cancer’s Annual Toll
Cancer claims about 25 000 lives yearly in the United States as officials warn of steady mortality from the disease and urge improved screening and treatment access.
MENTIONED IN THIS ARTICLE
United States
Vagaries of the Hunter's Life in Maryland
A Maryland hunter fired at a trolley car believing it to be a deer. The episode raises questions about why his ammunition came from a corner drug store rather than pursuing the usual legal remedy.
MENTIONED IN THIS ARTICLE
Maryland
Louisville Courier Journal
Leechlike in Other Words From The Joy of Youth
A fragmented line from Eden Pholpotta poem The Joy of Youth depicts a long kiss likened to life on earth. The tone is archaic and dense with metaphor, suggesting themes of enduring affection and parasitic intensity within a youthful context.
MENTIONED IN THIS ARTICLE
Earth
Eden Pholpotta
One Fault He Noticed Quartet Disagree While Singing
A light quip about four young men who form a singing quartet. The speaker praises their agreeableness but jokes that their only fault is frequent and distressing disagreement when they attempt to sing together. The remark captures a playful tone from the Birmingham Age-Herald.
MENTIONED IN THIS ARTICLE
Birmingham Age-Herald
Fulfilled Youthful Promise as Infant Pianist Shines
A striking claim crowns the infant prodigy as the era’s most compelling musical talent. It compares the youngster to celebrated prodigies Mozart Liszt and Chopin noting early mastery at age ten.
MENTIONED IN THIS ARTICLE
Mozart
Liszt
Chopin
Illinois Poultry Show Promises Record Entries in 1914
Springfield reports the Illinois State Poultry Show will run January 5 to 10, 1914 at the state arsenal with expected record entries. Many state specialty clubs will meet, and the University of Illinois will exhibit under Prof D C Barto. Notable speakers include Prof A C Phillips of Purdue and Prof R C Lawry. Entries must be mailed by December 26. catalogues available at Sell Coe’s drug store.
MENTIONED IN THIS ARTICLE
Springfield
State Arsenal
Sangamon County
Sell & Coe’s Drug Store
Fifth and
Jefferson Streets
8. C. Black Minorca Club
8. C. Buff Orpington Club
White Wyandotte Club
Columbian Wyandotte Club
Ancona Club
Houdan Club
J. S. Bales
R. 2
Lloyd C. Mishler
North Manchester
Ind
J. H. Minshall
Brantford
Ontario
University of Illinois
D. C. Barto
Urbana
A. C. Phillips
Purdue University
Phillips
R. C. Lawry
New York Experiment Station
Yesterland Eggs Farms Company
Pacific, Mo
St. Nicholas Hotel
Professor Phillips
George H. Rudy
Wyandottes
Mattoon
Ill
Successful In Examination List of Passed State Mining Board
Announcement of candidates who passed exams this week by the state mining board covers mine examiner mine manager first class and second class posts with names and home towns. Also certificates of incorporation issued to Live Poultry Transit Company Amy Lewis Hospital Chicago Magic Company and others with capital figures and incorporators.
MENTIONED IN THIS ARTICLE
State Mining Board
R. W. McCullough
Mapleton
John Walters
West Frankfort
John A. White
Virden
G. W. Foreune
Caseyville
Dallas Bauswell
Hillsboro
Robert Livingston
Springfield
David Nelson
Westville
Williams. Kreivenas
Harry B. Williams
Hillville
Floyd Walters
Lewis Satterfield
Pana
John Ambuhl
Centralia
Allan F. France
Sparta
George Zellers
New Baden
H. B. Brush
Marietta
James Harbaugh
Chesterfield
William A. Scott
Petersburg
John A. Atkinson
Kewanee
Peter P. Mutchler
Joe Fussner
Brimfield
Roy May
Lewistown
Clarence EK
Montieth
Willisville
Oliver M. Urbain
DuQuoin
John Stewart
Cherry
James R. Wilson
Benjamin Parkinson
Livingston
William Grant
Pekin
Millard F. Baker
Murphysboro
Secretary of State Woods
Live Poultry Transit Company
Chicago
Mudd
John R. Gott
William B. Gibbs
Amy Lewis Hospital
Carbondale
J. 8. Lewis
Roscoe Lewis
J. W. Barrow
Reorganization of Illinois Militia Ordered by Governor
An executive order by Governor Dunne and Adjutant General Dickson implements a 1914 reorganization of the Illinois state militia per War Department guidance. It removes Chicago division headquarters and places all militia under the adjutant general's department in Springfield beginning January 1, 1914.
MENTIONED IN THIS ARTICLE
Illinois
War Department
Washinton
Dunne
Dickson
Chicago
Adjutant General's Department
Springfield
Also Mentioned on This Page
Reserve Bank
Reginal Reserve Bank
Regional Reserve Bank
rrGin
Bafike
Fether
HS Np
ARES
Reserve Banks
Illinois Baptist Bulletin
Illinois Baptist State Convention
L. W. Hostetter
Bushnell and
Adair
T. J. Wright
Bethel Church
Iowa
Harry A Belton
Flora
J. M. Pengelly
Toulon
Moweaqua
Ralph Morphatt
Marengo
Edwin Lyle
Savannah
Shenandoah
Charles W. Brown
First Baptist Church
Loda
J. W
State Utility Commission
Lucey
State Senate
General Assembly
Hay
F. G. Blair
Blair
Illinois State Board of Agriculture
Levenson
Michael J. Levenson
Ilinois Mercantile Manufacturers’ Detective and Protective Association
Mr. Levenson
Chicago Magic Company
Alice M. Leach
H. 8. Haine
F. L. Nees
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