Bank Deposit Insurance Details Set To Start Next Year
The Glass Steagall reform provides deposit insurance from January 1 for sound banks. Initially 2500 per depositor, rising to 10 000 by July 1 next year, with larger accounts partially insured. After 1936 non member state banks may exit insurance. Insurance to be managed by a federal corporation with a 150 million dollar capital and potential 2 to 1 borrowing.
MENTIONED IN THIS ARTICLE
Roosevelt
Federal Reserve System
Federal Deposit Insurance Corporation
Court Approves High Point Lease Settlement
Federal Judge Frank J. Coleman approved a $3,800 settlement for eight High Point residents affected by the cancellation of a lease on 131-133 South Main Street. The lease held by National Bellas Hess Co. Inc. is in equity receivership, with ten years remaining at a present rent of $11,500 annually, totaling $112,000. Landlords Dora E. Richardson W Blair Richardson Thomas P. Richardson John W. Richardson Amanda R. Mattocks Clarence B. Mattocks Sarah R. Haworth Chester C. Haworth will receive the funds.
MENTIONED IN THIS ARTICLE
Enterprise New York
High Point
South Main Street
Frank J. Coleman
National Bellas Hess Co., Inc
Dora E. Richardson
W. Blair Richardson
Thomas P. Richardson
John W. Richardson
Amanda R. Mattocks
Clarence B. Mattocks
Sarah R. Haworth
Chester C. Haworth
Insurance plan details for banks and deposits outlined
The text describes state banks needing insurance corporation examination, a temporary $2500 coverage, and a permanent plan starting July 1 with 100 percent protection to $10,000, 75 percent from $10,000 to $50,000, and 50 percent above $50,000. It also notes deposits in a single bank by one person will be aggregated to limit large sums.
MENTIONED IN THIS ARTICLE
Insurance Corporation
Six Aviators In Rage For Gold
New York dispatch reports five male speedsters and one woman Amelia Earhart racing from Floyd Bennett Field in a 12500 dollar cross country air race to Los Angeles for the sixth national air races. Contenders include Col Roscoe Turner Russell Boardman Russell Thaw Lee Gehrbach James Wedell and Ruth Nichols. Earhart aims to beat men and the record despite longer refueling routes.
MENTIONED IN THIS ARTICLE
New York
Amelia Earhart
Floyd Bennett Field
Los Angeles
Wearhart
George Palmer Putnam
Col
Roscoe Turner
Russell Boardman
Springfield
Mass
Russell Thaw
Lee Gehrbach
James Wedell
Patterson
Ruth Nichols
Col. Turner
Miss Earhart
Miss Nichols
Wichita
John P. O’brien
Boardman
Turner
Thaw
Wedell
Floyd Bennett
Atlanta
S C Woman Freed On Bond For Slaying
Mrs. Charles Walker Avant charged with the murder of her husband Arant, shot at their Pageland area home. Judge EB Dennis signed release for $3,000 bond with Solicitor S. B. Tison’s consent after Pageland inquest. Three daughters testified the shooting followed a quarrel over a sick child.
MENTIONED IN THIS ARTICLE
Chesterfield
8. C
Charles "Walker Avant
Pageland
Liberty
EB. C. Dennis
Darlington
Tison
Bennettsville
Arant
Southern states form plan to cut textbook costs
In Atlanta on July 1 a three day conference of southern legislators and educators created the Joint Legislative Textbook Association to unify texts, reduce prices, and promote southern authors. Governors appoint delegates to study textbook unification with equal voting power, next meeting set for Columbia. Governor Dave Sholtz of Florida denounced publishers as a racketeering trust and foresaw a 30 to 40 percent price cut. Lane L. Bonner of South Carolina served as secretary.
MENTIONED IN THIS ARTICLE
Atlant
Association
Southern States
Joint Legislative Textbook Association
Columbia
D. C
Dave Sholtz
Florida
Publishers’ Trust
Lane L. Bonner
South Carolina
Superior court ends Lexington criminal docket
The Lexington superior court for the criminal docket, presided by Judge A M Stack of Monroe, was in session for one week and concluded yesterday. Many cases were disposed of either by trial or continuance as Solicitor H L Koontz of Greensboro prosecuted the term.
Social Week in Lexington Features Dances and Weddings
Lexington hosts a week of social events headlined by a bridge party at Mrs. John B. Smiths home with prize winners Mrs. C J Peacock and Mrs. Hayden Hooper. A Thursday dance in Smith hall drew guests from Salisbury to Greensboro. Miss Virginia Byerly wed Dr. Alfred P. Hartman in a formal Friendship M P church ceremony.
MENTIONED IN THIS ARTICLE
Lexington
John B. Smith
Mayme Fountain
Fred Everhart
Hayden Hooper
E. H. Rhodes
C. J. Peacock
Claudia Baker
Howard Beck
Raymond Bowers
Meta Baker
Viola Warfford
Ed Beck
Inez Leonard
N. A. Beck
Elma Michael
Arvil Disher
Elizabeth Ford
Robert Holmes
Vivian Smith
Charles S. Williams
Frank Hulin
Leo Leonard
Smith Hall
Salisbury
High Point
Asheboro
Thomasville
Albemarle
Greensboro
Louise Greer
Tom Dickerson
Elizabeth Peacock
Roy Leal
Agnes Crowder
Bob Reese
Grace Hobbs
Bob Morris
Beverly Burgess
Rigdon Dees
Virginia Byerly
W. M. Byerly
Friendship M. P. Church
Miss Byerly
Alfred P. Hartman
Winston-Salem
Baltimore Hosts Charming Kitchen Shower for Virginia Byerly
Mrs E C Byerly and sister Mrs M P Byerly of Baltimore hosted a kitchen shower for Virginia Byerly Tuesday from 10 30 to 12 30 at the host’s home. The living room featured cut flowers with gladioli and water lilies as little Miss Mary Kathryn Frye presented gifts. A plate luncheon of sandwiches and frozen fruit salad followed with attendees including Miss Virginia Byerly and several Byerly relatives.
MENTIONED IN THIS ARTICLE
E. C. Byerly
M. P. Byerly
Baltimore
Virginia Byerly
Mary Kathryn Frye
Hickory
W. M. Byerly
Victoria
Lelia Byerly
A. A. Grimes
Hal Grimes
M. L. Aderholt
Mabel Aderholt
Wm. O. Byerly
Grace Billings Birthday Party at West Fifth Avenue
Mrs Sam Billings hosted Grace Billings eighth birthday with a Wednesday afternoon event from 3 to 5. Miss Evelyn Shoaf and Miss Margaret Baker directed lawn games before ice cream and cake in the dining room served by Mrs H E Driver and Mrs Zeb V Grubb.
MENTIONED IN THIS ARTICLE
Sam Billings
West Fifth Avenue
Grace
Evelyn Shoaf
Margaret Baker
H. E. Driver
Zeb V. Grubb
Mrs. W. H. Johnson Hosts Woman's Missionary Union
Mrs. W. H. Johnson, president, entertained Holloways Baptist Church Woman's Missionary Union at her home. A sumptuous dinner was served and guests praised Mrs. Johnson's hospitality on a very pleasant occasion.
MENTIONED IN THIS ARTICLE
W. H. Johnson
Woman's Missionary Union of Holloways Baptist Church
Trexler marries Katherine Helm in Morristown ceremony
The wedding of John C. Trexler, noted Life Insurance Company of Virginia staffer in Lexington, to Miss Katherine Belle Helm of Morristown Tennessee was held there. They will reside at the Moore residence on East Third Street in Lexington.
MENTIONED IN THIS ARTICLE
John C. Trexler
Life Insurance Company of Virginia
Lexington
Katherine Belle Helm
Morristown
Tenn
Moore
East Third Street
Conrad Family Visit To City From Philadelphia
Mr and Mrs J D Conrad and their son David of Philadelphia Pa have been visiting Mr and Mrs EB C Conrad in this city for the past week.
MENTIONED IN THIS ARTICLE
J. D. Conrad
David
Philadelphia
Mr. Conrad
EB. C. Conrad
American ace Vines advances to Wimbledon quarterfinals
Ellsworth Vines defeats Dr. Daniel Prenn 6-3 6-2 6-4 to reach the Wimbledon singles quarterfinals in front of a packed gallery that includes the king and queen.
MENTIONED IN THIS ARTICLE
Wimbledon
Eng
Ellsworth Vines
Cest
Daniel Prenn
Germany
Possibilities of High Wage Noted
Washington July 1 A Special Staff Correspondent reports mill executives mostly accept a minimum wage of at least 12 dollars but warn ongoing operation may be challenged in some mills. Higher pay could boost local spending and attract rural workers to textile jobs.
MENTIONED IN THIS ARTICLE
Washington
Mills Increase Wages at Salisbury Mills
Cannon mills plant in Salisbury announces about a 10 percent wage increase next week. The Salisbury Cotton Mills, part of the Cone interests of Greensboro, and the Cartex Mills are linked to the same announcement. It is unclear if the raise restores a prior cut.
MENTIONED IN THIS ARTICLE
Salisbury
Cannon Mills
Salisbury Cotton Mills
Cone Interests
Greensboro
Cartex Mills
High Point Country Club Stockholders Meeting
Notice to all stockholders of the High Point Country Club of a meeting at the Club House on Wednesday July 5 1933 at 7 30 PM to consider organizing a new country club. Participants must bring old stock certificates and full attendance is urged. President L C Matton signs the notice.
MENTIONED IN THIS ARTICLE
High Point
N. C
High Point Country Club
L. C. Matton
German Cadamene and others reach draw in Cologne and Columbus
Mueller and Cadamene champion in Cologne with Vincent Hower and others drawing. In Columbus Dave Shade of California and Rosy Kid Baker of Indianapolis also drew.
MENTIONED IN THIS ARTICLE
Cologne
Germany
Mueller
Vincent Hower
Drew
Columbus
Dave Shade
California
Rosy Kid Baker
Indianapolis
Also Mentioned on This Page
Associated Press
Nathan Robertson
Treasury
Federal Central Banks
Federal Reserve Central Banks
Southern Public Utilities? CO
Ecad
S. C
Lexington Social Set
J. A. J. Farrington
Baxter Byerly
Cooleemee
Robert Byerly
Atlanta, Ga
Raymond Hinkle
M. Mr
B. C. Byerly
Oklahoma
Southern Railway System
Birmingham
Ala
Charleston
Cincinnati
Ohio
Jacksonville
N. J
Chnaueipma
A. Slu
Atlantic City
H. D. Saunders
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