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Newspaper
Reporter Boyden
Location
Boyden, Iowa, United States of America
Date
Aug 30, 1923
Page
8
The article explains credit meaning in banks and bonds, and the role of character in obtaining loans. It notes honesty alone isn't enough and emphasizes saving, responsible debt, and prudent lending by well managed banks.
The Savings Banks Association of Massachusetts released a tabulation from a mutual savings bank in a New England town. It tracks account longevity: 85 to 90 percent open after six months, about 70 percent after a year, 60 percent after 12 months, 55 percent after 18 months, 50 percent after three years, then a gradual annual decline of 2 to 8 percent. By ten years only about 25 percent remain open, with later changes mostly due to death.
Peru becomes the first Latin American nation to reorganize its banking system under Federal Reserve principles. The act establishes a Federal Reserve Bank with a nine member directorate three appointed by the government and six elected by member banks to develop resources on modern financing lines.
Miss Zella Stutzman of Britton S D visits relatives and heads to Arizona to teach this year. EB G Mahoney sale a success with household items and tools. sale of property failed. Arnolds Park sold to Thomas Bassett for about 500000 dollars with turnover after season. Meemstra family returns to Beuma Park California after two months visit. Sheridan Township Farm Bureau meets at Center school and plans next gathering in September. Boyden Community Band buys a new drum and attracts crowds. John Fick wins Brown Swiss prizes at O'Brien County Fair. Baby girl born to Dr Rube Schaap Pipestone Minnesota. grandparents L Schaap announce.
Local shopper notes new box and bar candies at Vanden Brink's. Community updates include visitors from Rock Valley and Spirit Lake, a Holstein calf sale, a Swede show at the opera house, and a busy week of church, wedding, and funeral attendance in Sheldon and surrounding towns.
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