Hugh Leach describes Federal Reserve System at Rotary talk
Hugh Leach manager of a local bank spoke at the Rotary Club noon meeting at the Francis Scott Key hotel. He outlined the Federal Reserve System created in 1914 with the Federal Reserve Board the Advisory Council and member banks, detailing districts Boston New York Cleveland Philadelphia Atlanta Chicago Kansas City St Louis Minneapolis Dallas San Francisco and Richmond and noting Richmond's territory includes Maryland DC Virginia and parts of NC SC and WV. He explained the districts central role mobilizing resources discounting for member banks and the check collection system, contrasting pre system notes backed by government bonds with Rediscounted notes and gold.
MENTIONED IN THIS ARTICLE
Leach
Holmes D Paker
Federal Reserve Bank System
Federal Reserve Board
Washington
Leach Sail
Boston
New York
Cleveland
Philadelphia
Atlanta
Chicago
Kansas City
St. Loui
Minneapolis
Dallas
San Francisco
Richmond
Maryland
District of Columbia
Virginia
North Carolina
South Carolina
West Virginia
Federal
Federal Reserve System
National Bank
James H. Gambrill
Joseph D Baker
Warner & Hays
George A. Wolfe
York
Walter Kleist
Jamestown
H.S Garling
Shippensburg
Park Beaver
Hagerstown
Dexter Phelps
Ralph E. Whartman
Joseph McDivit
Jacob Rohrback
C. Albert Gilnon
David
Winebrenner
I. F. Ross Mytrs
Arthur H Dol
Albert Cobkniz
Local Notes From Sabillasville And Surrounding Areas
Mrs Snyder and daughter from Hagerstown visited Mr and Mrs Grayson Wagamar. P J Long and son visited with Thelia Harbaugh of Routerville and her grandmother Anna Harpaugh. Franck Manahan and family visited in Frederick. Robert Smiths spent weekend in Hagerstown. Arthur Brown is in Waynesboro hospital. Annabelle Eby left for Western Maryland College. Lose Pryor returned to Philadelphia after vacation with her parents. Calvin Baker and family announce birth of a daughter on September 29. Albert Coffman and family returned from Asbury New Jersey. Thomas Stem and daughter Helen from Cascade also noted.
MENTIONED IN THIS ARTICLE
Fee Dea Wyee
Misa
Thelia Harbaugh
Routerville
Anna Harpaugh
Franck Manahan
Frederick
Robert Smith
Hagerstown
Arthur Brown
Waynesboro Hospital
Annabelle Eby
Purday
Western Maryland College
Roy Pryor
Calvin Baker
Albert Coffman
Bruce Weddle
Asbury
Thomas Stem
Helen Stom
Cascade
Sunday Visits and Barn Raising Gatherings Noted
A fragmented local note records a barn raising Saturday evening at 7:30 and a Monday gathering with Mr and Mrs Sten, plus Christian Endeavor resumes after summer. It lists names of attendees including Harbaughs, Sexiers, Corbetts, Porte, Lenhart, Rinehut, Hargett, Leaman, Owings, and Unglebee across Hagerstown, Bel Air, York, Gaithersburg, Germantown, and Baltimore with multiple family connections noted.
MENTIONED IN THIS ARTICLE
Sten
Ebys
Saunday
Christian Bideavor Society
A. Harbaugh
Linnie Harbaugh Edilly
Percy Harbaugh
Hagerstown
Howard Pindy
Ass Betty
Wastington
Elizabeth Lenhart
William Rinehut
Pegey
Washington
Wailliam Rinehut
Wesley Hargett
Harold
John Hargett
Washington Letter on New Deal Agencies Rise in Capital
Washington Letter reports on the surge of New Deal agencies like CCC PWA RFC FERA NRA HOLC and TVA as the capital grows into a de facto national administration hub Major Littlejohn to spend 75 million on food and clothing Borah relocates to Idaho and avoids the NRA frenzy and a charity drive for surplus clothing sits in the Open Chest box in the Agriculture Building roller skating returns to the capital streets amid a bicycle craze and a colorfully dressed roller-skater scene.
MENTIONED IN THIS ARTICLE
Washington
United States
Potomac
Warren Gamaliel Harding
Hansac
HOLC
FOOT
PRCA
TVA
AAA
Civilian Conservation Corps
Public Works Administration
Reconstruction Finance Corporation
Federal Emergency Relief Administration
National Recovery Administration
Home Owners’ Loan Corporation
Federal Coordinator of Transportation
Federal Farm Credit Administration
Tennessee Valley Authority
Agricultural Adjustment Administration
Robert M Littlejohn
Littlejohn
Borah
Senator Borah
Congress
NRA
Idaho
Public Attitudes and Local Notices Amid Street Scene Blues
A fragmented 1933 NEA Service item notes bewildered pedestrians on public street pavement and parkers, with caution about officials and job seekers. Washington strides through a calm baseball pennant season, while 1924 dancing days are recalled. Kings Daughters Bible Class of Calvary M. E. meets in the Ladies' Parlor, Mrs. Wm G. Oden presiding. Devotions led by Mrs. Geo. D. Smith. members answer roll call with a verse.
MENTIONED IN THIS ARTICLE
Capital Motori
Parkers
Jos
General Johnson
Washington
NEA Service
Ins
Kings Daughters Bible
Calvary M. EF. Church
Wm G. Oden
Mire
Geo. D. Smith
Oyster and Ham Supper Planned by Class
The class decided to host an oyster and ham supper on October 19 in the evening. Entertainment chair Mrs. Sheridan Brent-Unger presented a program with readings by Ruth Elizabeth Smith and Helen Schaefer, a duet by Mr. and Mrs. Raymond Free, and singing by the class. Refreshments were served by Mrs. Clarkson Kelly and Mrs. Bernard Myers. The next meeting is scheduled for November 7.
MENTIONED IN THIS ARTICLE
Iness Seasion
Sheridan Brent- Unger
Ruth Elisa
Abeth Smith
Raymond Free
Helen Schaeffer
Clarkson Kelly
Bernard Myers
Also Mentioned on This Page
Hugh Leach
Federal Reserve
Branch
Federal Reserve Banking
Rotary Club
Oat
Francis Scott Key
Sabilasville
Snyder
Grayson Wagamar
P. J. Long
Nabbonal
Havana
Hotel Ly Geen
Senate
Apeintine
Cathy AP Pha Mae
Ey Seam & Co
James Cousens
Itm
Jacob Corbett
Mie Wii Mria
Kinde Daughter
Veto
William Porte
Germantown
Upton Leaman
Mist Rebecca Leaman
John Upton Leaman
George Otings
Thomas Rinehart
Mr Leasman
Russell Lenhach
Ed Clagett
Dorsey
Betty
Harry Unglebee
Baltimore
Dg. C Snider
Toonerville
By Fontaine Fox
Willis Thornton
Rodney Dutcher
By Willis Two
E. B. Measell
East Patrick ST
McCleery
Jewelry
North Market Street
BIG Ford
Desler
Frederick Motor CO
West Patrick Bt
Winchester Hall
Vermont
S& Vkes
Aerovon
Wright's Silver
Kline
Vantita
Rac Ras Her
Pry
Sean
Itc
Butler—Alwayy Cnnfort
Cocos
Seassen Garder
Glade Waller
Ginger
Y. Caway
Maxwell House Coffee
Vila Fresh
Skinner
Sauer Kraut
P&g Soap
Meeda Baker's
Blue Ridge Meats
Couatre Atic
Frederick County
EU LeLeha
Pearre
Drug & Prescription Service
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