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Newspaper
Patoka Register
Location
Patoka, Illinois, United States of America
Date
Jan 27, 1933
Page
5
Robert V. Fleming of Riggs National Bank described Congress as a furnace of committee work where 34 Senate and 46 House standing panels shape most laws. He notes 20,000 bills yearly, hearings with Cabinet testimony, and the danger of class legislation being strangled by procedural checks.
Norwalk Herald editor weighs bank safety amid real estate, bonds and stocks losses. He argues most closed banks were solvent buy frozen assets, savings remain 100 percent secure in well run banks, and deposits held in savings accounts offer the safest, most reliable value today.
A ABA statement warns the rising tax burden threatens national prosperity. It cites government spending at 46 million dollars daily and 22 percent of national income in 1931, urging curtailment and broader tax bases to avert economic hardship.
The Bankers Association in Los Angeles declared that a guaranteed bank deposit plan has failed in eight states, worsened bank failures, and unfairly taxes well run banks. It argues such guarantees reward incompetent lenders and threaten the national banking structure.
F M Smith and wife visited Springfield relatives. The Lost Church will be at Vernon Gym Saturday January 28 at 7 30 pm with special music admission 15 and 10 cents. Benefit benefits Patoka Vernon M E churches. Local notes mention rain and high water and many town visits, births, and greetings among Patoka residents.
Mr and Mrs Pearl Poole and family spent Saturday night with Mr and Mrs Pete Bopp and son Raymond. Mrs Fred Tacke and children spent Saturday night with Mr and Mrs Frank Williams. Mr and Mrs Irvin Bowen and family spent Sunday with Mr and Mrs Mat Belcher and family. Raymond Bopp called on Charley Bopp Sunday afternoon. Glenn Eldon Burl and Raymond Bowen spent Sunday with Albert Dean Clifton and Kenneth Bowen. Mr and Mrs Pete Bopp and Mr and Mrs Frank Bradford and daughter of Sandoval called on Mr and Mrs Mat Belcher Sunday afternoon. Mr Theodore Meredith butchered Monday. Mr and Mrs Pearle Poole and children spent Thursday with Mr and Mrs Charley Bopp and daughter. Ben Thalman hauled milk for Wash Bowen Tuesday. Mrs Wm Snyder was taken to St Marys Hospital at Centralia Saturday for appendicitis operation and is improving.
Mrs. Wm. Snyder was rushed to St Marys Hospital at Centralia for appendicitis surgery and is recovering as well as expected. A ten ton trailer truck went off a road south of Fairman on Sunday due to road water, no injuries reported, truck later removed. Local residents note visits, a porch accident, and a large farm sale attended by many.
A heavy rain storm swept Cracker Neck on Friday night and Saturday. Iletta Stone visited her aunt Etta Shepard and family during the unsettled weather. Jane Cooper called on Grandma Wall Sunday.
The report covers visits among residents including Bessie Alexander Bessie Stark J A Shepard Theodore Stone and families. Noted sickness and health concerns at Grandma Wall and others, with social calls Sunday and Monday and a humorous note about bachelors union and a badge reading A woman is wanted.
After Calvin Coolidge’s death Louis L. Emmerson sends condolences to Mrs Coolidge. Otto Kerner to cut inheritance tax districts from 39 to about 25, saving $21,000 to $25,000 yearly. A leading sleeping sickness clinic is opened at Dixon State Hospital. Insurance license renewal forms go out to companies. Illinois highway mileage rose to about 4,800 miles by 1932. Oscar E. Carlstrom opens Chicago law offices. A special economy committee may review pending bills. Coal industry jobs averaged 38,538 monthly in 1932 with 31,482,874 tons produced, well below 1931.
A labor board led by Rep. R G Soderstrom met to discuss legislation before the 58th general assembly. Gov elect Henry Horner vows to relieve suffering and restore prosperity. New officials include Donovan Hughes Barrett Martin Kerner. Plans for licensing, mining area study, state fair funding, and bank asset protection follow.
Chain stores would face an ascending tax scale and independent shops a 3 dollar levy for employment relief if the bill from Senator Thomas P. Gunning becomes law. It requires licensure of all mercantile establishments and sets a fee schedule, while a suit challenges the measure in Sangamon county circuit court.
Six counties in Illinois have already availed themselves of the provisions of the new law curtailing road construction projects.
Edward J. Smejkal 56 longtime attorney and former Illinois representative for the seventeenth district from 1903 to 1925 died at a Berwyn hospital on January 8. His Riverside home was noted and he chaired the appropriations committee several terms.
The notice outlines new personal exemptions of 1000 for singles and 2500 for married filers with necessary pro rating for changes in status. It details who must file for 1932, the $400 dependent credit, form mailing, and the March 15 1933 filing deadline with a 25 percent delinquency penalty for late returns.
Illinois farmers earning over 16 percent of cash income from milk gain via herd testing. J G Cash notes five sires sacrificed to butchers showed daughters outproduced dams, while owners Grunewalt Bennett Sayers and Glenwood School boosted butterfat per cow. Early gains climbed from 241 to 349 pounds, with higher returns even as prices fell.
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