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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Scandia Journal
Location
Scandia, Kansas, United States of America
Date
Oct 01, 1931
Page
5
Romeo Stephenson argues that despite a deep 1930s downturn and a speculative panic, the banking system remained stable. He notes widespread small bank failures, lower interest and dividend levels, and unemployment as the era’s central challenge. He urges rapid job restoration to revive both capital and labor.
Aubrey B. Carter reports in the American Bankers Association Journal that by end of fiscal 1930 there were 2,472 national banks with trust powers, holding assets of 23.5 billion dollars and overseeing 79,900 trusts. Trust departments served 1,825 banks, with 11,500 corporate trusts and bond issues totaling 11.8 billion dollars. Trust assets rose 385 percent in four years, while outstanding trust shares grew 379 percent, illustrating growing public trust in corporate fiduciaries. Also noted is Saluda South Carolina bankers promoting corn planting with a “no corn-not credit” ad campaign aiming to boost county corn yields.
Miss Frances Guthrie organized boys and girls glee clubs at Scandia Schools. Fifty one students enrolled. A girls quartette is planned and an operetta may follow. Members include Genevieve Freed, Lois Hiatt, Kathryn Doctor, Lorraine Jackson, and many others.
Miss Helen Tallent, a Concordia high school student, spent the weekend with her parents Mr and Mrs Avery Tallent and family. Several local residents hosted or visited others including Mrs Hattie Bartlett with Mrs Hattie Walter and a group gathering at the Barleen home for George Barleen’s birthday.
The user asks five questions about corporations including counts and definitions. The fragment mentions public versus private corporations and asks how many kinds exist and what they are.
The text lists two main types of corporations public and private. It defines a public corporation as governing a portion of the state and a private corporation as any other not dealing with government. It notes three kinds of private corporations religion charity or benevolence and profit. It explains private corporations are created by voluntary association of five or more persons. Members may vote in person or by proxy. It states sixty one purposes are recognized and that more may be recognized by law.
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