Banks Get Ready for Deposits Insurance Starting Jan 1
Washington reports the Glass-Steagall insured deposits beginning January 1 for all banks including Federal Reserve members and qualifying non-member state banks. Full coverage up to 2500 applies immediately, with phased 100 percent by July 1 1934 and 75 percent for deposits above 10000 up to 50000, under the Federal Deposit Insurance Corporation supervision funded by treasury stock and bank contributions.
MENTIONED IN THIS ARTICLE
Washington
Federal
Glass-Steagall
Federal Reserve System
Congress
Federal Deposit Insurance Corporation
Federal Treasury
Treasury
Federal Reserve Banks
Insurance Corporation
Fed
Notice of Sale of Land in Mount Airy
Public auction will sell the Mount Airy property in Surry County under a 1928 deed of trust by J L Paul and Rosa L Paul to The Commercial National Bank of High Point. Trustee John D. B Receiver will conduct the sale in front of the Dobson Court House for cash at Court House Dobson on date shown.
MENTIONED IN THIS ARTICLE
J. L. Paul
Rosa L. Paul
Commercial National Bank of
High Point
North Carolina
Office of the Register of Deeds
Surry County
Dobson
Mount Airy
Broad Street
Ashby Street
John D. B
D. C. MacRae, Atty
N. C
Beware the Cough or Cold that Hangs On
Persistent coughs and colds lead to trouble. Creomulsion claims to soothe inflamed membranes while creosote attacks the infection. marketed as a twofold remedy with guarantees and a money back refund if it fails to relieve symptoms.
Deposit Insurance Plan Expands to $2 Billion Fund
The plan calls for banks to subscribe half a percent of deposits to a fund with dividends up to six percent. The corporation can expand stock up to three times, creating near $2 billion to protect depositors and aid closed banks. The Deposit Liquidity Board will handle lending on good assets from closed banks with about $600 million to be exchanged by year’s start.
MENTIONED IN THIS ARTICLE
Deposit Insurance Corporation
Deposit Liquidation Board
Needy to Get Eggs under Emergency Relief Plan
Washington reports eggs added to foods for the needy under the federal emergency relief administration. The surplus relief corporation headed by Harry L. Hopkins will buy 12,000,000 dozen eggs. Distribution also covers salt pork beans canned beef and mutton to the unemployed with eggs drawn from storage in Boston Philadelphia New York and Chicago where 2,500,000 cases are stored nationwide.
MENTIONED IN THIS ARTICLE
Washington
Federal Emergency Relief Administration
Surplus Relief Corporation
Relief Corporation
Harry L. Hopkins
Emergency Relief Administrator
Hopkins
Boston
Philadelphia
New York
Chicago
Masterpieces of Love Letters Ask for Courtroom Revisit
A broken engagement prompts a girl to question why the letters should be returned. The man admits he paid for expert writing and may reuse them later, implying a potential revival of the affair or legal action.
Long Wait For Relief In Death
Grace Fryer the last known victim of the radium poisoning case from East Orange New Jersey died at 75 after years of pain. Fifteen workers died from radium paint exposure used to mark luminous watch dials. In 1928 five workers won settlements of 10000 dollars plus 600 dollar annuity and medical expenses.
MENTIONED IN THIS ARTICLE
East Orange
N. J
Grace Fryer
Grace Pryor
Mellon Fortune Exceeds 200 Million Dollars in Will
Pittsburgh December 9. Richard Beatty Mellon’s vast fortune, friends say over 200 million, leaves 1.35 million to family. The Mellon banking empire founder’s will was filed, executors expect two months to inventory the estate. Mellon is brother of Andrew W. Mellon former treasury secretary.
MENTIONED IN THIS ARTICLE
Mellon Institute
Andrew W. Mellon
Pittsburgh
Richard Beatty Mellon
Mellon Banking and Industry
Notice of Sale by Trustee in 1927 Deed of Trust
Public notice announces sale of a 50 acre Surry County tract in In son township by J H Folger Trustee. The property borders E W Draughn D C Blue and J M Harrell Estate, with references to deeds from 1923 to W B Marion. Sale set for December 12 1933 at 12 noon in Mount Airy in front of Lammy's Drug Store.
MENTIONED IN THIS ARTICLE
G. C. Robertson
Surry County
N. C
Lammy
Main Street
Mount Airy
Inson Township
State of North Carolina
E. W. Draughn
D. C
G. Y. Bingman
T. P. Marion
W. B. Marion
Office of the Register of Deeds
Maud Marion
J. B. Marion
County
J. H. Folger
Also Mentioned on This Page
Federal Reserve
Eral Reserve Banks
R. B. Mellon
F. L. Johnson
Southern Railway
Tides Agente Gen
Rae Ge
Corner Calle Cn
Washington, D
Travelers Insurance Co
Fulton Insurance Agency
Chesterfield
du Pont
Ae Cseachahl
Liccerr & Moeas Tosacco Co
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