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Newspaper
Moulton Eagle
Location
Moulton, Texas, United States of America
Date
Apr 06, 1934
Page
5
A March 6 RFC report shows banks and trust companies repaid 54 percent of its 1.52 billion in cash advances since February 1932, while non banking borrowers repay under 12 percent. Building and loan associations and insurance companies also posted strong repayment rates.
A Federal Reserve Bank official reviews the wartime loan program from 1932 to 1933 explaining only 14 out of 1,286 applicants received direct credit, totaling 1.417 million, with 806 thousand actually loaned and two borrowers later in receivership. The piece notes commercial banks likely served eligible borrowers and cites England as an example of lagged loan growth behind activity.
The Agri cultural Commission of the American Bankers Association reports 2,500 county key bankers organized to aid progressive bankers. Director D. H. Otis says they will use banker-farmer tours to connect bankers farmers and businessmen with practical agricultural methods and to develop new ideas in communities.
Lavaca County voters learn of A P McElroy candidacy for sheriff in the July Democratic primary. A Lavaca native and long time deputy sheriff, he promises full-time service, fairness, and low county cost if elected.
The Moulton Juvenile Orchestra will perform a new program at the Moulton High School Auditorium on Wednesday night April 11. The public is invited to attend and support the young musicians after months of rehearsal.
Memorial services will be conducted at the Shiner City Cemetery on Sunday April 7 at 8 o'clock in the evening under the auspices of Kolar Stanek Post No 201 American Legion.
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