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Bowie Booster in Bowie, Texas

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

Bowie Booster

Location

Bowie, Texas, United States of America

Date

May 06, 1935

Page

7

Dionne quintuplets birth reports and tax questions

A column recalls a year old letter asking rates for publishing birth reports of the Dionne quintuplets. It notes gifts totaling about 200000 dollars and a looming 50000 tax demand, musing on tax collectors and publicity amid public interest. It compares an earlier octette claim and cites The State Press in The Dallas News.

Queenville Herald Dionne Ohio Ion Mrs. Bradley Mr. Bradley Bradley Dallas News

Relief projects and terracing save Texas farms in 1935 notes

The Arbor community in Houston county built a relief canning center with 20 workers and donated materials. Williamson county reports subirrigation with discarded tin cans. Collis Bouldin in Gonzales county records 150 acres terraced after heavy rain. Robertson county mentions 3805 acres terraced by April end 1935. Llano county poultry contest awards 22 hens at 29 eggs per month, second place at 24 eggs per month.

Arbor Houston County SIG Home Demonstration Club Collis Bouldin Gonziles Robertson County Commissioners’ Court Llano County Robert Boxell

Changes urged in banking bill

Businessmen and bankers pressed Congress to modify the Banking Act of 1905 arguing it would invite undesirable political control of the Federal Reserve System and banks. The Chamber of Commerce and American Bankers Association voiced fears that depositors would suffer most, as R S Hecht urged lawmakers to craft effective, workable reform in the interest of all people.

Federal Reserve Board Thk Washington, D. C Congress Federal Reserve System United States Chamber of Commerce R.S. Hecht American Bankers Association Senate Supreme Court of Finance and Ban

Long and allies expand offices amid mass mail volume

The Literary Digest reports Huey P. Long Father Charles E Coughlin and Dr Frank E Townsend dominate national mail. Long runs five senate rooms and extra clerks with 60 000 letters weekly while Townsend employs fifty staff at Long Beach and Coughlin uses 217 clerks.

Huey P. Long Louisiana Charles E. Coughlin Royal Oak Michigan National Union For Social Justice Frank E Townsend Long Beach California Senate Huey Long Senator Long Long Doctor Townsend Father Coughlin

Banking independence in credit and investment decisions urged

The statement advocates keeping credit control and banking away from political influence while accepting government oversight of currency and monetary policy. It argues that credit granting and investment decisions are business policies and should not be controlled by a board tied to partisan considerations under any administration.

Federal Reserve Board

Federal Reserve Board must stay independent from politics

The speaker argues that credit expansion must serve agriculture industry and trade, not party politics. He critiques the Banking Act as centralizing power in a partisan federal board, urges independence, and calls for reforms to preserve Board autonomy and prevent political control.

Banking frater nity urges safeguards for Federal Reserve

The group says it desires to help refine pending legislation to preserve the independence of the Federal Reserve System. It supports limited public control for coordination, aims to keep the Fed free from political influence, and argues recommendations would stabilize the business climate and reinforce confidence.

Banks Cut Debt With $1.86 Billion In Rfc Loans Repaid

Since February 1932, the Reconstruction Finance Corporation advanced about $1.86 billion to banks and trust companies through April 30, 1935, with repayments totaling at least $1.84 billion or over 12 percent. Loans authorized totaled $2.35 billion to 7,396 institutions, but $345 million was withdrawn or canceled and $140 million remained undrawn.

Reconstruction Finance Corporation

Simplification of Bank Checks Proposed by ABA Panel

A Bank Management Commission bulletin from the American Bankers Association outlines plans to simplify checks notes drafts and similar instruments. It cites decade old recommendations promulgated by the Commerce Department and notes about 85 percent adherence among banks and commercial users.

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

National Bank Notes Retirement Shifts Currency Balance

A broad-scale retirement of national bank notes totaling about 800 million dollars is under way. Deposits in the Treasury of lawful money rise as bonds backing outstanding notes are withdrawn, a process taking time and prompting shifts in bank funds. Experts doubt any country has retired such a large currency volume with minimal disruption.

Also Mentioned on This Page

Bowie Robt. Murphy Texas Montague County Williamson County Garden Long, Coughlin Townsend Washington Hecht Supreme Court of Banking Lone Gmea Oklahoma Mrs. Smythe Streg Lumberkat Bowie Federal Reserve National Bank Notes Che
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