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Newspaper
Graettinger Times
Location
Graettinger, Iowa, United States of America
Date
Jun 17, 1926
Page
3
A 1926 discussion argues a Nebraska style bank guarantee could have offset recent Tows banks losses of 50 million dollars. Proponents urge stockholder backed guarantees or state run banks to curb withdrawals and loan risk, noting a 7 percent return benchmark and long payback horizons.
Bh bank notes the risk of de merontetyr state cod and says only depositors can wreck it. It argues that city banks pay 8 to 4 percent on deposits while country banks offer 4 to 5 percent. Government bonds average around 4 percent making depositors unlikely to fund guarantees. Lawsuits are curious as litigants hire lawyers to clash yet the outcome remains unclear.
John J. Mahon rode to Emmetsburg this morning. Ruthven Lutherans raised 1348 in a recent endowment drive. An Opera House Company director S S George had been overlooked. he has served for years. Farmers and Merchants State Bank examiner Perkins says the court offer for a dividend is secured and will be paid once checks are signed in Des Moines. Mr and Mrs E2 Mitchell plan to motor to McGregor in a few days. Eleanor, teaching in Seattle, will arrive at McGregor next week to visit sister Mrs Mergers and family.
The Ruthven Free Press says starting next week the west bound Milwaukee train and the east bound train will no longer stop at Ruthven. Riders from Graettinger must go to SEmmersburg or Spencer. Also two Storm Lake men clashed with Spencer mayor A H Avery over potato sales leading to a carload shipment elsewhere.
Walter Stedman suffered a broken leg and other bruises when his truck rolled back on a small incline west of Milford after he stopped to pick up pliers. He was taken to the nearby John Wood home, where he is progressing as well as can be expected.
A string of playful witticisms on odd phrases and misprints. A Welsh town bans dancing calling it barbaric. A seventeen day old baby in Chicago has an appendix miswording. Spain rumors resigning from the League. A film ingénue fired for being three pounds overweight. Mr Holison muses on welding the Union into an overcoat sleeve.
Eleven year old Wa J Stevens offers to work on a farm during vacation. He claims to be a good milker and capable of driving a gentle team. Inquiries may be made at the Shoe Service Shop near the post office.
Classifieds from Graettinger include a for sale note on a 42 foot John Deere or Rock Island grain elevator, dairy milk service terms, a nursery catalog, Maplesonn flour and feed, a shoe ad with promotions, and a town ordinance banning torpedoes and pyrotechnics with penalties and enforcement details.
Ordinance No 46 regulates the use of fire crackers fireworks and other pyrotechnic displays in the incorporated Town of Gracttinger Palo Alto county The town council enacts sections restricting the use sale and explosion of fireworks within town limits to protect public safety
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