Concentration of Deposits and Labor Trends in 1920s
The article warns that chain banking concentrates wealth in few large institutions, urging local deposits to protect small banks. It notes rapid gains in glass and shoe production, rising output per labor hour, and calls for anti price cutting laws while praising wage levels and consumer buying power as keys to national prosperity. It also reports Farm Board loans totaling 20 million to southern cotton growers and coop structures across several states.
MENTIONED IN THIS ARTICLE
Board Bank
United States
Farm Board
Southern Eotion
Texas
Alabama
Mississippi
Oklahoma
North Carolina
Farm Board Opposes Cotton and Wheat Sales Amid Stabilizing Plans
Farm Board Chairman Legge warns against selling cotton or wheat as the stabilization program unfolds. He says large loans to wheat cooperatives are pending and may be boosted by additional funds from Congress, with the revolving fund totaling 600 million under the relief act. Separately, American Bankers Association reports US bank savings fell about 195 million for the year ending June 30 1929 due to stock losses and depositors declined by 624221.
MENTIONED IN THIS ARTICLE
United States
American Bankers Association
Also Mentioned on This Page
Melvin & Johnson, Inc
Bic Heath Technic
Thomas J. Sullivan
Wall Street
New York State
New England
James D. Cunningham
Ilinois Manufacturers Association
Farm Relief Act
Denton’s Economy Food Store
Tetley
Uneeda Biscuits
Santa Clara Prunes
Ritter
New York
Crook’s
U. S
CROOK
Preston, Maryland
Fiome
Wesley Collegiate Institute
Glarence A. Snort
Dover, Delaware
Singer
Singer Sewing McH. CO
N. Washington St
Easton
Denton
Ridgely
C. R. Hicks
Hillsboro, Fd
Denton, Maryland
The
Dentonational Bank
Denton, Maryl
Federal Reserve System
Marinello
Lucy Lou Beauty Shoppe
Main St
RCA Radiola
H. S. Gale
Hillsboro, Md
W. A. Smith
Market St
Denton, MP
WM. Pepper Constable
Maryland Trust
Baltimore
Elkton
Journal
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