Currency Measure Nears Passage After House Panel Fight
Washington Aug 1 Democrats on the House banking and currency committee closed debate on the administration currency bill after five weeks of stormy talks. The measure, with government control of the Federal Reserve Board, was nearly identical to the Glass plan but includes an advisory bankers board and changes to rediscount powers and earnings distribution. The reserve requirement was eased to 60 days for 25 percent reserves, and earnings after 5 percent dividend and 20 percent surplus would fund a sinking fund and member-bank shares. A provision banning interlocking directorates was removed by a seven to five vote.
MENTIONED IN THIS ARTICLE
Washington
House Banking and Currency Committee
Democratic Committee
Representative Glass
Owen
Treasury
McAdoo
Wilson
Federal Reserve Board
Federal Reserve
Federal Reserve Banks
Federal Reserve Bank
Morphine Dealers Given Sentences
John and Ellen Cooney received three months in the House of Correction after being found in possession of morphine. Judge Parmen presided over the case yesterday.
MENTIONED IN THIS ARTICLE
John
Ellen Cooney
House of Correction
Parmenter
North Carolina Official Elected National Insurance Leader
J R Young of North Carolina was chosen as president at the National Association of Insurance Commissioners convention closing session in Burlington Vermont on August first. Other officers named include William Done of Utah first vice president J S Durst of West Virginia second vice president S S McMasters of South Carolina secretary-treasurer and H L Ekern of Wisconsin chairman of the executive committee. Commissioners from 12 states discussed the workingmen s compensation act which received general approval.
MENTIONED IN THIS ARTICLE
Burlington
J. R. Young
North Carolina
National Association of Insurance Commissioners
William Done
Utah
J. S. Durst
West Virginia
S. McMasters
South Carolina
H. L. Ekern
Wisconsin
Plan for Baptist ministers pension program
The Northern Baptist convention seeks input on a pension plan for ministers. The proposal would have clergy contribute a percentage of annual cost for an annuity, with the denomination funding the balance. Pensions could begin between ages 60 and 65 if approved.
MENTIONED IN THIS ARTICLE
Northern Baptist Convention
E. T. Tomlinson
Anson Phelps Stokes Leaves Religious Legacies
New York Aug 1 Anson Phelps Stokes leaves 3000 gifts to each of three grandchildren to promote the Redeemer. The will cites a similar legacy from his grandfather Anson Greene Phelps and notes he provided for his children. The estate is valued between 500000 and 760000 with Newport real estate and shares for wife and nine children, plus additional bequests to grandchildren for religious work.
MENTIONED IN THIS ARTICLE
New York
Anson Phelps Stokes
Anson Greene Phelps
Newport
R. I
Connecticut
Basins Seats Are Not Beds Court Fines Four For Park Rule Violation
Police notes lead to four men appearing in local court for sleeping on Charles River Basin settees with muddy shoes. Judge Parmenter fines Max Allenstein, David Barcove, and Abraham Cohen five dollars each for disobeying park rules. Solomon Lavinsky’s case is placed on file.
MENTIONED IN THIS ARTICLE
Charles River Basin
Charlesbank Park
Cathedral Choir Boys Begin Two Week Camp Outing
Members of St. Pauls Cathedral choir began a two weeks outing at Concord's St Andrews School. The itinerary includes camp fire talks overnight hikes tennis boating plays swimming baseball shooting and scouting activities with plans for two nights in a wooded camp on Punkatasset Hill.
MENTIONED IN THIS ARTICLE
St. Paul’s Cathedral
St. Andrew’s School
Concord
Lake Walden
Punkatasset Hill
Open house greets Boston YMCA at new Huntington Ave building
Hundreds of YMCA members from across the city gathered in the lobby of the new Huntington avenue building for the first open house. Attendees explored the space and commented that they were pleased with the preparations by the building committee.
MENTIONED IN THIS ARTICLE
Boston Y. M. C. A
Huntington Avenue
New England
Association
Y M C A. Opens New Seven story Brick Building on Huntington Ave
The Y M C A moves into a modern seven story brick and limestone facility on Huntington avenue with a six story rear wing to St Botolph street. The design separates educational administration and gymnasia with 40 classrooms and a 500 seat assembly hall. The facilities include a 186 by 7 foot gym, a seven foot deep ceramic tiled pool, central air devices, vacuum systems, and extensive bath and reading rooms. The opening day is awaited.
MENTIONED IN THIS ARTICLE
Arthur §. Johnson
Boylston Street
Huntington Avenue
St Botolph Street
Phone Rebates Are Abolished
The New England Telephone and Telegraph Company stopped rebates on monthly tolls of $10 or more. The change follows the recently amended interstate commerce act, ending a 20 percent discount on charges above $10. The move affects a small share of accounts but aims to end discrimination against smaller users.
MENTIONED IN THIS ARTICLE
New England Telephone & Telegraph Company
Woman and Child Saved From Fire at Portland Street
Mrs. Fannie Katz and her grandson Herbert Gammer were rescued from a basement fire at 9 Portland Street West End. The blaze caused $500 damage. They were on the third floor when found. Lt Silver and Ladderman Ragees carried them to safety and out to the street via the rear fire escape and roof.
MENTIONED IN THIS ARTICLE
Fannie Katz
Herbert Gammer
Portland Street
West End
Katz
Lieutenant Silver
Merrimac Street
Ragees
Thacher Urges State-Wide Push for Parcel Post Reform
In Barnstable on August 1, Congressman Thomas C. Thacher charged that outside influence seeks to hamper the parcel post. He called a State-wide movement with the State Grange and State Board of Agriculture to support Postmaster General Burleson’s plan to raise weight limits and cut rates.
MENTIONED IN THIS ARTICLE
Barnstable
Burleson
Thomas C. Thacher
State Grange
State Board of Agriculture
Thacher
Farmers rally backs Burleson program in Cape protest
State grange officers led a Cape rally with 500 farmers urging Washington support for the Burleson program. Speakers described parcel post changes, horse less ploughing by steam and gasoline, and farm machinery exhibits. Congressman Thacher defended Burleson authority and lawful scope of the act.
MENTIONED IN THIS ARTICLE
State Grange
Washington
The
Cape
State Board
Grange
Geese Surprise Passengers as Sagamore Arrives in Charlestown
The Warren line steamer Sagamore docked in Charlestown with a chorus of cries from 25 prize York Shire geese imported to restock Franklin Park Zoo. Longshoremen watched as seven or eight human passengers and the birds roamed the wharves before the geese were moved to the Franklin Park Zoo for exhibition.
MENTIONED IN THIS ARTICLE
Warren Line
Sagamore
Charlestown
Liverpool
Alexander Fenton
Franklin Park Zoo
Franklin Park
Also Mentioned on This Page
Bossy 1
McGuire Newspaper
Ibuild
FHIG
Commissioner Young
North Baptist Convention
Regal
New York City
Boston
Regal Shoe Company
Tremont St
Tremont Theatre
Summer St
Cor
Bedford
Tremont and
Court Sts
Scollay Square
Stokes
Charles River Parkway
Cathedral Choir
Carter
Burleson U. K
Spirit of the Law
Bond
Harvey Burdell
Emma Cunningham
Dr. Burdell
Bond St
Alfred Henry Lewis
Tomorrow’s Sunday Post
Edt
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