Many Changes In Banking Measure Would Reshape Rules
The Associated Press reports Washington outlines a sweeping banking bill. It would convert the temporary deposit insurance into a permanent statute up to 5000 per deposit and cut the insurance assessment to 0.125 percent on all deposits. The bill gives the president power to remove the Fed governor, merges the federal reserve agent duties with the governor, and lets the Fed board waive certain bank requirements to keep sound small banks in the system. It relaxes representation rules, lets the Fed decide bond trading, allows adjustable reserves with few restrictions, lifts stockholder assessment limits after July 1 1937, permits securities affiliates for reserve member banks, and orders the board to promote business stability and curb destabilizing fluctuations.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Federal Reserve Board
Federal Reserve Agent
Reserve Bank
Reserve Board
Kentucky Vital Statistics Report Deaths of Under One in 1934
Vital statistics indicate 3,805 infants under one year died in Kentucky during 1934. The figure reflects statewide mortality among residents and highlights infant health concerns of that era.
MENTIONED IN THIS ARTICLE
Kentucky
Telegrams Pour In On Bonus Bill At White House
Washington May 10 The White House received about 5000 telegrams urging the president either to sign or veto the Patman cash bonus bill with veterans' leaders urging enactment. Roosevelt was not reading the messages and was prepared to veto once the bill reached him from the Senate where bonus supporters are pressing to avert defeat.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
White House
Roosevelt
Senate
Wind Blows Over Tents Of Police At Camp Conley
In Point Pleasant West Virginia on May 10 Governor Kump reviewed 155 state police aspirants at Camp Conley as rain toppled tents including Superintendent P D Shingleton's. He urged courage and duty, noting many will train for about 70 positions and that non chosen aspirants gain future preference. The program runs May 1 to late June with military training first and police work second. A Charleston fire delay briefly interrupted the governor’s return as fire apparatus moved to the scene.
MENTIONED IN THIS ARTICLE
Associated Press
Point Pleasant
W. Va
Kump
Camp Conley
National Guard
P. D. Shingleton
State Police
Charleston
Fatal pistol accident ends Ferrell youth’s life near church
Ferrell and Sergeant Huff said they planned to rob Albert McGinnis' chicken house but fled when a dog barked. Ferrell fell carrying his loaded pistol which fired, killing the 19 year old instantly. Maynor, on probation for a ginseng necklace theft, stated Ferrell’s pistol was cocked. Funeral planned at his father’s home. James W Blake, ill in New York, gains sympathy as Alfred E Smith offers aid.
MENTIONED IN THIS ARTICLE
W. C. Huff
Ferrell
Albert McGinnis
Maynor
Huff
Reform School
Winford Ferrell
Artie
New York
James W. Blake
Alfred E. Smith
Blake
Associated Press
Miss Ragle Dances For Beckley Kiwanis Club
Mary Ragle a Price Hill student and Central junior high pupil who will attend Woodrow Wilson High next year entertained Beckley Kiwanis at noon. Accompanist Glenn Sallack noted she trained without instruction and performed two numbers in a highly acceptable manner with promise of becoming a finished performer.
MENTIONED IN THIS ARTICLE
Mary Ragle
Price Hill
Central
Woodrow Wilson High School
Kiwanis Club
Glenn Sallack
Miss Ragle
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Seattle
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Sunnyfield Flour
Iona Family Flour
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Storm
Pt. Pleasant
State Department of Public Safety
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