On Guard Duty for Nation's Fifty Billion in Deposits
Banks guard fifty billion dollars of deposits with strong vaults regulations and exams. The key safeguard remains sound experienced and conservative bank management guiding risk and policy.
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Newspaper
Linton Daily Citizen
Location
Linton, Indiana, United States of America
Date
Jun 17, 1939
Page
4
Banks guard fifty billion dollars of deposits with strong vaults regulations and exams. The key safeguard remains sound experienced and conservative bank management guiding risk and policy.
Pittsburgh based Westinghouse researchers unveil a 600 pound agony maker to test turbine blades. Models endure 10,000,000 blows at 600 per minute, plus steam bath at 850 F and 9,000 pound centrifugal force to ensure blade durability for electric power generation.
Nine Jewish scholars living in Europe are called to join the Hebrew Union College in Cincinnati as part of its Jewish College in Exile. Noted invitees include Prof. Eugene Taubler and Prof. Alexander Gutmann, with companion Selma Stern and others from Berlin and Breslau to study the Science of Judaism.
Mr and Mrs Oscar Anderson of Fourth Street Southeast left today for a three week trip through the east. They will attend the New York World's Fair and visit Boston Washington and Niagara Falls before returning home.
Louis Waldman, chair of hotels and housing for the 75th Elks Grand Lodge in St Louis, faces a dilemma as Chief Silver Cloud of the Shoshone reservation plans to attend with the Wyoming delegation but insists on living in a tepee. Col McMahon says Waldman will secure a camping ground even if a hotel must be torn down.
The Centenary College records from 1859 reveal strict codes from another era. Rules forbid deadly weapons and tavern visits without faculty consent, set rigid study hours, require room upkeep, and even allow door breaking at a student’s expense for noncompliance.
Gerald Wallen and Jasper Hamlin brought a mottled brown beauty of a moth to the Citizen office today. The specimen was described as large and striking in appearance.
Woods from across the British Empire including Canada will be used for interior decoration of the Imperial Airways new terminal at Victoria. The timber will panel alcoves floors and doorways as part of the design.
In Faenza Italy poultry researchers study a hen that for five years has laid an egg with two yolks daily. The anomaly draws attention from Italian experts eager to understand the double yolk phenomenon and its rarity in hens.
Chester Thomas at East Tech high school mimics Jesse Owens in speed and form winning the Senate championships event by event. He scores 192 points as East Tech dominates with 5242 points and breaks a state relay record while Owens shoes play a role in the meet.
Mexico City hosts the Davis Cup first round against Australia set for June 30 to July 2. Captain Dr Ricardo Fapia leads six players Tapia Daniel Hernandez Anselmo Puente Esteban M Reyes Ignacio de la Barbella Angel Roldan in the Tezontle court at Chapultepec Sports Club.
Ida M. Tarbell, guest professor at Allegheny College, says Lincoln would “take his time” to solve national and international issues. He would seek the bones of the problem and insist on truth, despising needless verbiage and detail while fearing wrong choices.
Scotland Yard deploys a fleet of camouflaged cars to pursue jewelers furriers and bakers bandits across London. Four officers per car, nightly disguises, high powered engines up to 90 mph, and wireless gear. One car patrols during the early hours when most smash and grab raids occur. Routes and times kept secret.
Des Moines news reports four year old Billie Vogel losing weight from 72 pounds on his third birthday to 79 on his fourth. Doctors found no organic cause and say his rapid growth has slowed with potential to outgrow the tendency to gain weight.
In ICLEVEL Fe U P Sam Modride signed a Wagraney charge to Perry Frey. The court questions why Modride’s left hand was cleaner than his right. Patrolman Ladi mir Mase recalls the beg ging injury. Judge Frey sentences him to 60 days.
The School City of Linton Indiana invites sealed bids for 25 500 in school building bonds dated July 1 1935. Bonds mature 1944 to 1950 with 5000 per year and 2500 in 1951. Highest bidder at under par with 4 percent max rate. Bids due July 25 1938 central time.
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