Bank Reform Expands Deposit Guarantee Plan Across Institutions
A new bank law broadens the deposit guarantee system. Banks must subscribe to stock in the Federal Deposit Insurance Corporation or surrender charters. Members of the Federal Reserve System must adopt the plan or lose membership. State nonmembers may opt in or out. Deposits are guaranteed progressively starting at 2,500 per depositor for six months, then 100 percent up to 10,000 and partial guarantees beyond, with funding from the treasury and Federal Reserve.
MENTIONED IN THIS ARTICLE
Federal Deposit Insurance Corporation
Federal Reserve System
Insurance Corporation
Mutual Savings Banks
Glass-Steagall
United States Treasury
Federal Reserve Banks
Eastern Heat Wave Kills 100
The eastern heat wave has caused over 100 deaths with New York and New Jersey reporting 56 fatalities in five days and Philadelphia noting 21. The heat left many prostrations as temperatures hovered around ninety five degrees. Clouds and a breeze offered brief relief as the heat continued.
MENTIONED IN THIS ARTICLE
New York
New Jersey
Philadelphia
Meeting Called on Hog Surplus to Trim Prices
Washington administration issues call for a August 10 meeting to draft an emergency plan under the farm act for hogs. George Peek states the session will focus on hog supply and price relief, with a fall review of a permanent corn and hogs program.
MENTIONED IN THIS ARTICLE
Washington
George Peek
Peek
United States
Drive to Combat Profiteering on Food Is Planned
Washington Farm administration will issue weekly reports on prices paid by consumers and to farmers for key commodities. Dr. Fred C Howe announces a new service covering food and textile prices with the first report planned soon. Retail prices from 50 cities and over 1,000 stores will be surveyed to curb profiteering and high taxes while ensuring farmers receive a fair share of retail prices advances.
MENTIONED IN THIS ARTICLE
Washington
Fred C. Howe
Farm Administration
Dr. Howe
Deficit Shown in U S Report
Washington reports the first month under Roosevelt's new fiscal plan shows a deficit of 32.4 million in ordinary expenditures, with total receipts of 163.3 million and total outlays of 195.6 million. Emergency spending adds 75.35 million, pushing the month’s deficit to 107.76 million.
MENTIONED IN THIS ARTICLE
Washington
Value of a going business goodwill appraisal
The worth of a going business goodwill is commonly appraised at five or six times its average net profits per year.
Fraud Charged in Goeders Fight
Kos suth county supervisors filed informations charging James Canada and Charles Blair of Webster City with falsification of election records. The case centers on moving Goeder's party affiliation from Democrat to Republican and seeks to remove Goeders from the commission. Blair’s involvement is unclear. Judge Lou Ladd will hear Goeders’s application.
MENTIONED IN THIS ARTICLE
Algona
Kossuth
Canada
Attorney General’s Office
Commission
Blair
Asst
Atty
Walter Maley
Des Moines
Lou Ladd
Goeders
Petty Racketeer Taken for Ride in Pines Slaying
Michael Mike Dries a petty racketeer known to police was found dead in a small coupe on a pine trail near Barnegat five miles from Toms River. His body bore three bullets. the death occurred Wednesday night as police traced his movements after a reported ride.
MENTIONED IN THIS ARTICLE
Toms River
N. J
Michael
Mike” Dries
Pines
Barnegat
Baraboo Bishop Drumm named circus fans chaplain
A1 Baraboo Wisconsin report: Bishop Thomas W. Drumm of Des Moines elected chaplain of the National Circus Fans association. A2 Ottumwa report: Elliott N. Woods 58, loan company manager, died by gas self harm. Atlantic report: Elliott Munson 21 Griswold seriously injured in a Tuesday automobile crash. five others injured. Denison report: A H Moeller notes theft of 95 Hampshire hogs from his Denison area farm. two trucks suspected.
MENTIONED IN THIS ARTICLE
Associated Press
Baraboo
Wis
Thomas W. Drumm
Des Moines
National Circus Fans’ Association
Ottumwa
Elliott N. Woods
Atlantic
Elliott Munson
Griswold
Denison
A. H. Moeller
Hampshire
Thieres
Hearing Block in Removal Proceedings Stalled
Fragmentary text notes a move to prevent the state executive council from conducting a hearing in connection with removal proceedings on Friday.
MENTIONED IN THIS ARTICLE
Junction
State Executive Council
Also Mentioned on This Page
Paden
Muscatine’s
Otto
Kraft
AL Jolson
Paul Whiteman
WOC
WHO
Oxydol
Bartlett
Malaga
Meat Department
Swift’s
Licelicious Treat
Lic
Swift's Circle S Picnic Hams
ALL Food Merchants of
Muscatine
Otto Grocery Co
U. S
Administration For Industrial Recovery
Reconstruction Finance’ Corporation
Tennessee Valley Authority
Treasury
Veterans Administration
Goeders Fight
Petty Racketeer
Iowa Briefs
Iowa
A. and
P. Store
Werner Axel
John P. East
Bazley Market
E. W. Berg
J. A. Bloom and Sons
H. B. Caple
Chayka Grocery
Collitz and
Umlandt
Guy Duncan
Eilman Bros
George Eilman
Diercks and
Froehner
Diercks and Valett
G. W. Francis
Geo. Freers
Roy Fisher
J. T. Fridley
Fuhlman Grocery
C. B. Fuller Quality Grocery
G. F. Godfrey
Naomi Godfrey
Havemann Bros
Harry Hass
Hinkel and
Flannery
Hoefflin Grocery
August C. Hoffman
George Hofman
M. Kautz Baking Co
W. J. Knight
S. J. Lewin
George Levitt
Linn Sr. Grocery
Ed Metzger
John Nicolay
Oberhaus Bros
Ogilvie’s
I and I Grocery
del Ostrander
People’s Market
J. H. Pitchforth
E. F. Randleman and Son
A. E. Reames
C. E. Richard and Sons
Romain Liebbe and Co
Ryan Bros
Sanders and Son
Emil Schulz
Herman Theobald
Unkel Market
U. S. Bakery
Waltman and
West
Lulu E. Webster
Ed Weis
Allan Whicher
S. B. Wookey
Zoller’s Meat Market
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