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Bessemer Herald in Bessemer, Michigan

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Bessemer Herald

Location

Bessemer, Michigan, United States of America

Date

Jun 07, 1935

Page

6

City of Bessemer Council Holds Regular Meeting

The Common Council of Bessemer Michigan met on June 3 1936 at 7 30 PM with Mayor James presiding. Proceedings cover minutes approval fund payments street rail extension resolution board actions licenses and bond acceptances.

Common Council City Bessemer Michigan James Hill Crenna Hellman Erickson Stelmack Negri Michelli Prucca Jacobson Probelski Finance Committee Frank Lake Superior District Power Company Felix Barbacove Michigan Bell Telephone Company Cities Service Oil Company John R. Johnson City Leather Goods Gogebic Auto Company Sup- Wallace & Tierman Company Nes Theo. B. Robertson Company Lake Superior Pearce E. Graham Valentine Glatzak Emil Novascone Charles Tampio Edward Erickson Sassion Mvhigan Bell Telephone Con Pecard Oil Company Peter Ferrari Chicago & North Western Ratway Company Chicago and North Western Railway Company Chicago & North Western Railway Company Michigan Pabdlic Utilities Commission Huse Hill Leonard Erickson Vetor Hellman George Superczynshki Frank Probelshki Albert Jacobson Lawrence Pracea Praca Jacobson Tes Noah Stelmach Mickelli Ciw Hall New City Hall Mathon Civ City Hall Morea Crenina Fire and Police Committee Molion Aldermen Heltman Lead Street Street & Sidewalk Committee lIrwin Jeault Standard Oil Company City of Ite Liquor Control Commission Alderman Crenna Alderman Erickson Joseph Scavarda James E. Piper National Surety Corporation Clarence Hayes David J. Blaskowski Beane Raneen Mel Police Seneeaerstaeewe Ee Leo F. Mueller Hoan Bessemer Nat- Total Bankional Bank Inverest & Sinkine Fund Elizabeth A. Brown

Banking bill changes urged for independent Federal Reserve

Business leaders and bankers told Congress that the Banking Act of 1933 would risk political control over the Federal Reserve and banks. They urged independence for the Fed, arguing monetary policy should be free from partisan influence to serve agriculture, industry, and trade.

Federal Reserve Board Washington, D. C Congress Federal Reserve System United States Chamber of Commerce R. S. Hecht American Bankers Association Senate W Holly Washinton Bank Bil Supreme Court of Banking Federal Reserve Act Supreme Court of Finance and Banking Hifly Federal Reserve

Banks Rapidly Reduce Debt Under Reconstruction Finance

The Reconstruction Finance Corporation advanced 1.86 billion to banks and trust companies since February 1932 through April 30 1935. They repaid at least 1.34 billion, over 72 percent, a higher rate than any other borrower. Loans to 7,396 banks and trust companies totaled 2.35 billion, with 345 million withdrawn or cancelled and 140 million not yet drawn.

Reconstrucction Finance Corporation Reconstruction Finance Corporation

Simplification of Bank Checks Details Uniform Standards

A bulletin from the Bank Management Commission of the American Bankers Association outlines plans to simplify bank checks notes and drafts by standardizing size and subject matter layout. Recommendations formulated about ten years ago by the association and adopted by the Commerce Department have achieved about 85 percent adherence, and the new bulletin preserves this high compliance by detailing full standard specifications.

New York Bank Management Commission American Bankers Association Association United States Department of Commerce

National Bank Note Retirement Shrinks Money Supply

The retirement of national bank notes totaling about 800 million dollars drives the transfer of bonds to lawful money deposits in the Treasury. This large currency withdrawal will require time to withdraw bonds and cause substantial shifts in bank funds, with notable disruption and uncertainty.

Also Mentioned on This Page

Council Proceedings Johnson Coal Company Coke Charles S. Walker New City New City Mall Eewene Wenneay Burroughs Adding Machine Company Lauwrence Probelski Surtveror William J. Ross Arthur Olson Pireman Matt Maanate Julia McCarthy Laeadrr Irwin J. Neault Eche la Teniencnida City Electric Shop Felix Barbacore Werner E. Dahlin Michela Company Eee C. Hansen Lumber Company Neenah Foundry Company Vincent Stelmack Michael Czajkowski Chester Supereazynski Chester Superczynski John Wysoski Peter Re John Awsiewiz Valentine Wojciehoski George Jozwiak Nick Strelcbeck Paul Torzewski Edward Winkowski David Czajkowski O. M. Scott & Sons Frigid Fluid Company Hansen Lumber Company Thomas Kuterovac Richard Hasbrook Louis Zawicki Police Fund Evar J. Forsiund Clarence J. Hayes Taxi Ser- Wesuch Ewe William Paynter Board of Prisonerg John Ro Fohnson Tastor- Weygant Goodspeed Companys Acme Outdoor Advertising Company Register of Deeds Guoeebie County Stelmack Sur Invadermen Hill Crenao Erickson Michelti Prucea Fire Fund Rasonond Skwor Fireman Frank J. Duda Fireman Ser Charles J. Scavarda Walter Johnson Ireman Servicerk Willian Hansen Ewe Nee Wee Nw Viees Jan Hoeft Louis Vomastek John BP. Ballone Massie Albert EK Church Ktenry FL Hoffman Andrew Winkowski Joseph W. Pevard J. August Wigg James Boggio Coocve Sparapand Louis R. Otto Ser- Arthony Erickson Ser- Weceh Cek Antone Wysoski Ser- Vicce F ‘Thomas Thebert Frank Hulama Ser- Wiles Ek Av Isdaeeis Peter M. Contratto Bopvicer Clarence Gustafson Conrad Ostby Paul Becker Riena Leo J. Isdebski Peter Wydeth Elreman Upen Michellivod Crenneo Pracen Obs Sidney Proctor Pire Hall Hill Crenna Jacob Cit Hecht Mr. Hecht Bankig National Bank Notes Catal Peetesce
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