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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 26, 1948
Page
3
Texas bankers urged a congressional commission to combat disastrous inflation. A resolution passed at the Texas bankers convention proposes a nine senator and nine representative body to study banking currency and credit, modeled after the Aldrich-Vreeland act of 1908.
A San Antonio Jaycees meeting announced John Peace an attorney of 342 Hollywood Ave as president. The chartered group approved a resolution decrying the excessive number of banks. New vice presidents include Foxres Sale of U.S. savings bonds in Texas under director Gastling. Directors are Lee Miller and others with alternates listed.
Sgt Merle Chandler and 44 other former prisoners of war are subpoenaed to testify in the treason case against Tomoya Kawakita, a California born Japanese suspect accused of mistreating American prisoners. The trial is expected in Los Angeles in about two weeks.
The nominating committee endorsed John T. Yantis of Brownwood for president T. E. Acker of Jacksonville for vice president G. W. Baines of Alpine for treasurer H. T. Wiegel of Texarkana for Fifth district council member Ray Johnston of San Angelo for Sixth district council member The 1949 meeting place selection and general officer election were the final business on the agenda.
The No 2 spot in the U S delegation may go to Dr Philip C Jessup an international law expert Informed sources hinted Jessup is the top candidate to succeed Ambassador Herschel V Johnson as chief deputy to Warren Austin head of the American delegation to the United Nations
J T Yantis was elected president of the Texas Bankers Association at the three day Gunter hotel convention concluding Wednesday. Tom E Acker was chosen vice president and G W Baines treasurer. Nominees submitted by the nominating committee were unanimously approved. Worth was named the 1949 meeting site on motion by H Waldo Graf.
Mail service will be closed Monday for Memorial Day. Postmaster Dan Quill announced that city substations observe Sunday service, the army post offices decide post operations, and main post office windows remain open on regular weekday hours. Heavy weekend parcel volume requires one dedicated Monday delivery to businesses and homes.
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