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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 22, 1929
Page
5
Former State Treasurer Bert Buckley refutes charges he deposited state funds in banks without bids. He notes deposits earned four percent interest versus two percent offered by Columbus banks, stating the public benefited from double interest and that he did not profit personally.
Senate passed the Carpenter bill to repeal the Pence utility rate law and related statutes allowing rate increases before Public Utilities Commission approval. The measure creates a superintendent of investigation, lets the commission hire engineers, speeds hearings, and protects existing civil service staff. No opposition votes recorded. A companion resolution proposed a constitutional change to permit county mergers by territory vote.
Babson reports Bradstreet data showing only two of forty major cities with good collections and seventeen with fair while twenty one are slow or poor. He notes similar trends in smaller towns and says the nation faces a credit problem despite active business, good wages, and strong purchasing power. He cites several possible causes for slow collections and urges serious consideration.
The naval cruisers appropriation faces passage in the Senate today with a 324 million prohibition enforcement increase hanging in the balance. Filibuster tension eases as a ten minute limit on debate is set for 3 p.m. while House action on the radio commission extends its life. George Washington’s birthday is celebrated in both chambers with readings of the farewell address.
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