13 Feb 1930
Page 1
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Newspaper
Malvern Leader
Location
Malvern, Iowa, United States of America
Date
Feb 13, 1930
Page
1
Northwestern Christian Advocate notes a Canadian or U S financial figure of 419,024,457 with an annual profit over 35,000,000 and a 3.26 return per dollar cost. It argues forement costs are negligible compared with six billion yearly savings and immeasurable moral and social benefits.
Washington reported the public debt declined about 9 billion dollars in 1925, with total debt rising to 16.3 billion at the start and 17.31 billion by year end 1928. Officials foresee a further reduction to around 900 million by June 30, 1930, aided by a 200 million revenue surplus, the sinking fund, and foreign war debt receipts. Total revenues for the year surpassed 4.25 billion, boosted by profits from securities before the stock market crash. The policy of tax cuts aided growth, and the nation’s finances show improving returns.
A federal Prohibition commissioner's statement notes nine years of national Prohibition costs totaling $142,175,486 for enforcement by the Coast Guard and Customs, while revenues from taxes fines penalties and forfeitures reached $400,602,768, indicating receipts exceeded expenditures.
A humorous local column laments the pace of modern life and proposes a campaign issue. The writer jokes about slowing life, hints at a campaign topic between Malvern and Glenwood, and notes rival columnist use of space.
The Osceola Sentinel mulls federal aid and town plans aiming for 1933 completion. The Tolde c Chronicle notes Iowa’s reinstatement in the Big Ten while the Blanchard Herald laments the move, questioning whether culture lies in schools or social clubs and praising Ramuel Pepys.
A fragment suggests fear of investigation by the North Central Association. It states the court that tried Iowa's short nominee was not clean and hints at dirty spots in the process. The wording reflects concern over integrity and possible improprieties in the judging.
Talk of prosperity dominates the page as readers discuss present gains and hopeful outcomes for the year ahead. The piece notes merchants and the public viewing gains with cautious optimism despite lingering threats to growth.
The article notes Prosperity Robinson, British chancellor from 1822 to 1827, earned the nickname Prosperity Robinson from Webster’s dictionary entry on national fortunes before the 1825 financial crisis. It compares him to Joseph Hume, dubbed Adversity Hume, a contemporary from modest origins who forecast disaster for England.
The annual school election occurs Monday March 10 the second Monday in March two directors will be elected to replace Albert Nelson and Lawrence Talbott whose terms end. Nominations must reach the board secretary seven days before the election. A town election occurs the last Monday in March with nominations due ten days prior.
Washington January 14. Congressman L J Dickinsons bill to abolish the Federal Farm Loan Board gains strength in the House as members report heavy letter campaigns from former constituents urging favorable action.
Iowa supporters push a bill to dissolve the Farm Loan Board and transfer duties, personnel, and lands to the Federal Farm Board. They argue the board misserves farmers, with ten year loans and five year renewals due this year, and claim state farmers favor consolidation under federal oversight. Congressman Dickinson plans an Iowa visit to gauge farmer sentiment.
Des Moines reports a demoralized butter market due to low consumption and rising dairy production. M G Thornburg secretary of agriculture calls for a statewide campaign to boost home product use. A survey of 401 stores across nine counties shows about 66 percent of ...
The article notes high butter consumption across farm and elite groups, with 44 percent using butter substitutes. It urges a statewide campaign to promote butter’s low price and value as a food product and to bolster Iowa farmers and home industries, calling on stores and creameries to cooperate.
State of Iowa Office of Superintendent of Banking lists Certificate No. 1254 for Bank No. 1051. The Malvern Trust and Savings Bank located at Malvern is noted in this official filing.
In the State of Towa a bank is authorized to transact savings bank business after proving full compliance with state laws and paid up capital. The first Board of Directors includes F. R. Chantry J. O. Laird Fred Durbin H. A. Denndorf D. E. Whitfield J. W. Baer R. J. Hale. Official acts dated December 6 1928 by L. A. Atken Superintendent of Banking and W. Reed Deputy Superintendent.
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