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Newspaper
Lititz Record
Location
Lititz, Pennsylvania, United States of America
Date
Sep 04, 1930
Page
4
The notice from Lititz Pa reports the Post Office classification and directs all correspondence to The Record Printing Co at 9 South Broad Street Lititz Pa The subscription rate is listed as $1 56 per year.
The piece argues that local schools have improved from Abe Lincoln’s candlelit self-education to modern grades and high schools, but asks if progress keeps pace with rapid times. It urges each generation to push beyond the present and provide the best for students during the 1930-31 term and beyond for individual growth and community welfare.
The 1930 drought, described as the worst in U.S. Weather Bureau history, devastated one third of the nation with minimal rainfall since December. The Red Cross mobilized, Hoover and the Farm Board extended liberal credit, and rail freight rates were cut for relief. Crop losses run into hundreds of millions, corn losses may reach half a billion, while the cause remains unexplained by scientists.
In a ABA piece John G. Lonsdale likens scientific microscope work to business research. He argues bankers and merchants should adopt economic research to replace guesswork, noting science reveals hidden factors driving success or failure and improves production, distribution, and consumption outcomes.
The American Bankers Association conducts ongoing scrutiny of banking sectors with John G. Lonsdale stating findings guide 20,000 members. Investigations aid legislation and banking practice reforms while educational programs train 45,000 bank personnel nationwide.
A speaker at the American Institute of Banking annual convention notes the institute’s curriculum expanded from three courses in 1918 to ten today. Courses now cover banking fundamentals, commercial law, negotiable instruments, standard economics, credits, investments, trust functions, financial statement analysis, and public speaking, with bank operation and organization and bank management upcoming.
A quotation notes that business evolution has sped from gradual shifts to rapid, second-hand tempo. It argues rapid changes are now highly visible and challenging to keep up with, highlighting the shift in how quickly corporate adaptation occurs.
An American Bankers Association Economic Policy Commission review forecasts shifts in branch and group banking. It notes 269 group or chain systems control 1,982 banks with about 15.29 trillion dollars in assets, and discusses views from officials and bankers on branch powers, trade areas, and the future balance between unit, group, and branch banking.
Over fifteen years since 1914 the Federal Reserve System twelve regional banks earned 515,216,000 in net earnings. Of this 90,072,000 was paid to member banks as dividends, 277,434,000 added to reserves, and 147,110,008 transferred to the Federal Government as a franchise tax.
About five hundred Frymyer clan members met in Springs Park for the 12th annual reunion on Labor Day. A full program included songs, an invocation by Rev. Sunanday, addresses by John Frymyer and Elizabeth Vawn, musical numbers by Eve lyn and J Walter Dunwoody, a memorial address, piano solo by Dorothy Zuck, a musical reading by Clarence Weitzel, a mixed quartet, and the historian's report by F H Weller. Election results named J R Bowers as President, John Frymyer as Vice President, and Mrs John M Brickart as Secretary.
Public divorce notices list aliases and subpoenas for several parties. Names include Catherine Dunbar Ralph Husson Alice Opple Mary E Barber Cora Levis and others with court dates set for October 20, 1930 in Lancaster Pennsylvania. sheriffs named P Dattisman and deputies issue the orders.
A dollar prize went to M. M. Getz of Lancaster aged 63 the oldest attendee and to Clayton Shuey of Lebanon aged seven weeks the youngest child. The group decided to meet again at Lititz next Labor Day.
The Young People's Council of District No. 9 will hold its monthly meeting Monday evening at TAB o'clek in the lower Sunday School room of St. Pauls Lutheran Church. All council members and campers urged to attend.
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