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Newspaper
Evening Huronite
Location
Huron, South Dakota, United States of America
Date
Oct 21, 1931
Page
5
Twelve men from each Federal Reserve district will direct a national credit pool to mobilize and free 500 million to 1 billion in sound bank securities. The directors, chosen for Hoover’s investigation, will oversee a nationwide effort with profiles of each appointee from major banks and cities across the country.
Philadelphia banker JONES, 52, president of First National Bank, accepts a director role from the third Federal Reserve district. He began as a wholesale grocer, led Germantown Savings Fund Society in 1913, became First National president in 1922, and says the country will continue to grow as public spirits rise.
An old time voice mocks relief efforts and President Hoover, arguing cures for economic ills are temporary. He warns against hollow committees and urges real action to restore confidence, labor, and farm progress amid bank closures and public anxiety.
In three northern California counties, unemployed men and women pan the old gold fields to earn a living while conditions improve. The district, Sacramento area headlines note widespread reliance on informal mining amid economic hardship.
State officials estimate about 3,000 engaged in placer gold work across Trinity Shasta and Siskiyou counties. Old mother lode gulches and rivers are mined with rockers sluice boxes and panning along 60 miles. Miners reportedly earn from $1.60 to $35 daily. Mint shipments under $100 trigger informal sales through local channels and dusty scales in grocers.
Sebastian Castedo, former economy minister under the Primo de Rivera regime, is jailed in Madrid awaiting trial after a parliamentary probe. He briefly served before the dictatorship fell in 1999 and was photographed in court finery amid arrests of monarchist ministers.
Twenty years ago today residents of Custer township gathered at the Herbert Warren home for a reunion of the original homestead era. Guest of honor was Mrs. C Manchester of Bruce Wisconsin, an early Custer township resident, joined by Mr. and Mrs. John McCoy and other local couples.
Mr and Mrs Silas Foster and family, J W Keiser, E L Abel, Judge T M Simmons, Miss Ruth Blount, Mr and Mrs J W Campbell, Frank Simons, Frank Dwyer, M A Muraine, Joe McGinty, and Mr and Mrs John J Greene depart for Rapid City Redfield Broadland Highmore Pierre for day or short visits and business.
B G Richards returned home from Pierre and Miller where he paused to hear Senator Crawford speak, in a visit tied to the Richards primary.
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