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Newspaper
Saline Observer
Location
Saline, Michigan, United States of America
Date
Dec 24, 1931
Page
6
A commission of the American Bankers Association explains three types of multi bank systems: chain banks, group banks and branch banks. Chain banks are separate chartered banks owned by common interests with or without a head office. group banks are independently chartered yet publicly known under a central corporate head office. branch banking uses a single charter with sub offices and no separate capital.
EL Lane Young of the Agricultural Commission reports last year 409 banker farmer meetings across 38 states with 38 578 in attendance. Bankers backed 2541 county posts in 39 states and banks spent 105 926 to improve farming practices. In 27 states bankers led 1493 activities and rural residents carried out 7140 projects under banker influence. Georgia ranked first for three years in accomplishments, with Georgia State College and Georgia Bankers Association shaping directed credit for crops grown at home. County Agent Bodley of Gallatine County Montana praised bankers willingness to cooperate with the county agent when work is constructive and confidential.
Arnold Godbey, a World War II veteran with Croix de Guerre and Distinguished Service Medal, claims he is alive after a probate court divided his estate into a legally dead status. He describes Deserting to the French Foreign Legion, fighting in Sudan, and being discharged dishonorably yet with a chance at honorable status pending his fight to prove life. He arrived in Brooklyn recently, surrendered to Marines authorities, and faces legal questions over his status and compensation.
Cole-Al Severson went fishing and caught for himself a necturus, a peculiar creature part salamander and catfish. It is among the largest salamander relatives and, if verified, the first known specimen caught in Colorado. The nine inch gray green animal has four legs, six external gills, and can survive out of water. Severson kept it alive in a water filled jar for five weeks but it refused food.
A Des Moines youth visits a police station and after a funny exchange reveals his full name is John Goodnight. The jailer initially mishears and jokes about the name before the man clarifies. The incident ends with Goodnight going to bed.
Yonnah the St. Louis Zoo baby gorilla received a donated goat from August A. Busch and began drinking goat milk. In ten days the infant gained 22 ounces. Her diet now includes spinach graham crackers bananas molasses oranges lettuce and bone meal alongside milk.
The Economic Policy Commission of the American Bankers Association reports that about 22 000 banks across the United States quietly assist businesses during droughts and economic distress. Despite runs and asset declines, deposits remained protected and banks continued to serve communities with steadfast devotion.
Former President addresses the American Bankers Association urging a shift in public finance behavior. He compares saving during good times to spending in downturns and cites health campaigns as a model for changing habits. Bankers seek stable, sound finances to avoid economic maladies and burdens of excessive credit.
State news item records the drowning of State News Rock Tommy Wurtz, son of Thomas Wurtz, after breaking ice on an abandoned quarry. Body recovered. Also notes celery cooperative profit share, a fire at Barron’s implement store, and various Michigan local updates.
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