Chain Banking Critic Warns Against Notes Transfer Practice
A. C. Shallengber, chief of the guaranty fund investigation, warned last Friday that chain banking cannot be run like chain merchandising. Investigating the Sterling bank collapse, he traced $80,000 of worthless notes shifted among Morrill, Vesta, and Sterling, a practice he says doomed the Sterling bank in July 1927. He cited lax state supervision and noted losses of $42,904.85 on Sterling notes and $65,456.54 on Morrill notes, with continued risks from comparable chain handling of assets and notes.
MENTIONED IN THIS ARTICLE
A. C Shallenberger
Guaranty Fund
Sterling
Sterling Bank
Shallenberger
Morrill
Vesta
Farmers and Merchants Bank
Shallenberg
Morrill Bank
Vesta Bank
State Banking Department
National business conditions show stability with mixed signals
The Hoover survey reports continuing stability in production and distribution of commodities with varied industry measurements. Weekly banking checks rose, steel output remained weak, and wheat, cotton, and hog receipts fell while cattle rose. Prices fell overall, with wheat up, and rates for time money steady though call money higher. Bond prices edged up, while failures increased modestly. Canadian retail trade slowed amid rising unemployment, South American markets stayed dull, and European rates softened slightly, fueling a cautious but improving outlook.
MENTIONED IN THIS ARTICLE
United States
Hoover
National Survey
Commerce Department
Lamb feeding gains in importance in Platte Valley
The lamb feeding industry ranks second in the North Platte valley with about 380,000 lambs on feed this season from Bridgeport to Torring. The South Platte valley fed about 160,000 lambs last year and 100,000 on feed this season. The valley fed.
MENTIONED IN THIS ARTICLE
South Platte Valley
Red River Valley
South Dakota
North Platte
North Platte Valley
D. W. Hartzell
National Live Stock and Meat Board
Lincoln Hotel
Bridgeport
Torring
Tile Floor Proposed for Terrace in State Capitol by Committee
A Nebraska capitol terrace tile floor proposal emerges from a committee of architects and engineers. They recommend repaving and hardening expansion joints to address heat and cold effects, with stone displaced by overexpanded paving to be reset. Capitol commission to decide contracts for resetting and terrace repaving next Monday.
MENTIONED IN THIS ARTICLE
Nebraska
Capitol
Capitol Commission
Ellery Davis
Lincoln
A. H. Kimball
Ames
Goodhue Associates
New York City
Roy Green
Roy L. Cochran
MacFadden outlines four progressive years of regional growth
General Manager S P Mac Fadden spoke at Scottsbluff Rotary Club outlining Western Public Service Company growth in the Nebraska panhandle since 1925. He noted the organization, serving 10 districts, has expanded operations and increased service reach through steady development over the period.
MENTIONED IN THIS ARTICLE
Macfadden
Western Public Service Company
Panhandle
Nebraska
S. P. MacFadden
Scottsbluff Rotary Club
Lincoln Hotel
Growth of Scottsbluff Western Public Service company
The Western Public Service company highlights expansion from 12 to 39 office staff between 1925 and 1929, with payroll rising to 162 020 dollars yearly and projected near 200 000 by 1930. It cites increased miles of 22 000 volt lines from 100 to 397 in Nebraska panhandle, line upgrades to 33 000 volts, and service growth from 10 to 40 towns.
MENTIONED IN THIS ARTICLE
MacFadden
Western Public Service Company
Scottsbluff
Panhandle
Nebraska
Reclamation Service
Nebraska Panhandle
Company Panhandle
Wisconsin
Scotts Bluff
Potter Odd Fellows Install Officers at Session
Potter lodge No. 399 of the Independent Order of Odd Fellows reports a membership of 72 with many prospects in view. The order, young but strong in the region, continues growth and community development as officers were installed after a Monday session. Meetings occur each Monday evening with large attendances and active participation.
MENTIONED IN THIS ARTICLE
Potter Odd Fellows
Potter Lodge
Order of Odd Fellows
Odd Fellows
Installation of new officers held Monday evening
The event, led by Harry A Warner and D G M and staff, installed officers: Dewey Larson noble grand George Coulter vice grand Harry A Warner Secretary J C Bartlett treasurer Edgar Hicks warden Thomas Iverson conductor Guy Terman I G J R Bartlett O G Alfred Arnell R S to N G Neal Dunlavy L S to N G Harry Waite R S to V G Maynard Mayer L S to V G Carl T. Larson chaplain R R Bovee R S S J R Bartlett John Witt W T Sloan trustees.
MENTIONED IN THIS ARTICLE
Harry A Warner
Lst
Dewey Larson
Noble Grand
George Coulter
J C Bartlett
Edgar Hicks
Thomas Iverson
Guy Terman
I. G
J R. Bartlett
O. G
Alfred Arnell
R. S
N G
Neal Dunlav
Bake Sale Planned by Catholic Ladies at Greenlees
The Catholic ladies announce a bake sale on Saturday January 18 starting at 2 o clock at Greenlees. Committee members include Mrs Stokes Mrs Mathews Mrs Laudenschlager and Mrs Van Aelstyn.
MENTIONED IN THIS ARTICLE
Greenlees
Stokes
Mathews
Laudenschlager
van Aelstyn
PIANO FOR SALE AT BARGAIN IN SCOTTSBLUFF
One slightly used piano, new bunga low model, paid largely on contract. In storage in Scottsbluff, Nebraska, offered to a new purchaser with balance due on contract. For details write Knight Campbell Music Co. Scottsbluff. 34-35-36 r a LoS.
MENTIONED IN THIS ARTICLE
Knight-Campbell Music Co
Scottsbluff
Nebraska
La France Dye Polish promises shine for under a cent
A sales blurb touts La France Dye Polish offering new beauty and longer wear for shoes. The 50 cent bottle contains 60 treatments that dye, protect, and shine footwear.
MENTIONED IN THIS ARTICLE
la France
Also Mentioned on This Page
Shalloiberger
Chain Banks
Colorado
Fort Collins
Greeley
Rocky Ford
Fort Morgan
Central City
Lamb Feeders Association
National Live Stock and Meat Board of Chicago
National Broadcasting System
United State
Platte Valley
Radio
W. K. Henderson
Shreveport
O. P. Skaggs System
Mr. Henderson
O. P. Skaggs
O.P. Skaggs Stores
State Capitol
Scottscraft
Boston
Stone Webster Company
Bake Sale
FOX Theater
France
Merry Marion Davies
Virginia
Marion D
Nouchateau
Lawrence
Gray
Cliff
Edwards
Benny Rubin
Metro-Goldwyn-Mayer
Fox West Coast
FOX
Sidney
FOX Scrip
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