Senate Banking Panel Demands Reform of Group Banking
Washington reports the Senate Banking committee demands basic reform of America’s archan banking system in a pivotal investigation. The committee cites weaknesses illustrated by the Guardian Detroit Union group and Detroit Bankers Company failures, highlighting the failure of group ranking and trust structures in Cleveland and Detroit.
MENTIONED IN THIS ARTICLE
America
Washington
Senate Banking Committee
Oday
Cleveland
Detroit
Guardian Detroit Union Group, Inc
Detroit Bankers Company
Union Trust Company
Guardian Trust Company of
Group banking examined after Detroit collapse inquiry
A historical report concludes that group banking, not market forces or the depression, caused Detroit failures. It notes centralization, weak units, and abuses like loans to officers and dubious double liability. The Fat National and American State Bank cases illustrate the systemic risk to all units. Cleveland’s collapse is also linked to internal bank issues.
MENTIONED IN THIS ARTICLE
Detroit
Tiese
Detroit Bankers Company
Fat National Commany
American State Bank
People’s
Wayne County Bank
Cleveland
I Biol Bank
Methodist Church Work In Hospitals And Homes
Dr J A Mehmanna of Bethesda Hospital Cincinnati addressed the North East Ohio Conference noting the church operates 72 hospitals 45 homes for the aged 13 orphanages and 46 deaconess homes in the United States with a near 100 million dollar investment and about 1.79 million in debt. The institutions cared for over 200000 people in the last war and provided substantial uncompensated services. Histork outlined hospital work and urged churches to follow all three phases of the Divine plan.
MENTIONED IN THIS ARTICLE
The
Methodist Church
J. A Mehmanna
Bethesda Hospital
Banking Tendencies Denounced as Flawed Practice
A legislative committee faulted the institution for unsound banking practices over years, citing collapse due to mismanagement and window dressing. It noted similar abuses in Cleveland with loans to officers and excessive dividends, calling commercial banking an outmoded system unable to safely extend credit to industry.
MENTIONED IN THIS ARTICLE
Ing
Cleveland
Commission to Preach Teach and Heal Reflected in Service
The speaker described a commission to preach teach and heal as a truly Christian church. A Cleveland deaconess worker followed with remarks on deaconess work and a film presentation on Methodist institutional work. Rev H K Meister of the Elyma Home for the Aged introduced the speakers.
MENTIONED IN THIS ARTICLE
Cleveland
H. K. Meister
Elyma Home For the
Mio Lee Dressed for Picture at Jail
Miss Mio Lee, jailed on a murder charge in Lorain, asked to dress up before a jail mug shot. Deputy Sheriff Claude Adams granted the request as deputies prepared her criminal file photo. The grand jury is to consider her case this week.
MENTIONED IN THIS ARTICLE
Vanity
Florence Lee
Lorain
Miss Lee
Caunty
Claude Adams
Adams
Grand Jury
Avon Morning Glory Club entertains at Hayes street home
Avon sept 17 The Morning Glory Club was hosted by Mr and Mrs Charles Wilford on Hayes street Saturday evening Pedro was the pastime with EH Khingshirn winning first prize Mrs Lawrence Heckel second and Mrs Willam Fisher consolation A delicious lunch followed The club will be entertained in two weeks by Mrs J J Weiler Mr and Mrs D A Phinney of Cleveland visited the Wilfords Saturday evening Mr and Mrs Wilson Jameson and Mr and Mrs Leonard Witchell of Avon Lake were week end guests of the Wilfords
MENTIONED IN THIS ARTICLE
Morning Glory Club
Avon
iGlory Club
Myr
Charles Wilford
Hayes Street
Pedro
EH H Khingshirn
Lawrence Heckel
Willam Fisher
J. J. Weiler
D. A. Phinney
Cleveland
Wilson Jameson
Leonard Witchell
Avon Lake
Real Estate Transfers Across Elyria Avon Lake and Sheffield Lake
Real estate transfer notices list multiple deeds among residents and firms in Elyria Oberlin Avon Lake Sheffield Lake and brownhelm township. Transactions include quit claim deeds and transfers involving Olsen Sushes Sisbee Freeman Smith Butler Leipoldt Schnitzler Kolbe Kuchenrither and others across Hamilton Avenue East Vine Street Subdivisions and multiple townships.
MENTIONED IN THIS ARTICLE
Natalie H. Olsen
Esther R. Sushes
Hamilton Avenue
Elyria
Esther B. Sisbee
Ralph &Susbee
Gulf Farms
Elyna
Anna Freeman Smith
George Freeman
East Vine Street
Oberlin
Pauline W. Studer
F Keith
Cleveland
Margaret MW. Butler
Woodhaven Beach
Avon Lake Village
Engineers National Bank
Mae Helen Leipoldt
Iyland T
Border Cities Company
Shore
Sheffield Lake Village
Percy J Schnitzler
Roase Schnitgler
Hiyrta Township
Black River Township
A. R. Kolbe
Alwe FE. Kolbe
John Kolbe
Emme Kuchenrither
Brownhelm Township
Willam field visitors host several Cleveland guests
Mrs Edward Brown of Willam field and Mr and Mrs Milton Taft of Cleveland visited at the home of Mr and Mrs R A Chester. L Sargent of Cleveland attended services at the Baptist church Sunday. Perle and Howard Wilford Betsy and Melvin Burdick North Olmstead were dinner guests of Mr and Mrs Olds Friday. George Jenkins called on friends in Elyria and Lorain Sunday. Mark Osbun of Wellington sang at the local Baptist church Sunday. Kia Gough and family visited Hugh Paddock and Jack Vana Arsdale in Caldwell on Sunday. Miss Marjorie Groves and Donald Harkins and Ward Hune of Caldwell were week-end guests of Miss Perle Wilford. Harry Hubbard and Marian Clawson spent Saturday in New London hunting.
MENTIONED IN THIS ARTICLE
Edward Brown
Willamfield
Milton Taft
Cleveland
Ihy
R. A Chester
L. Sargent
The
Baptist Church
DeRussy
Medina
Perle
Howard Wilford
Betsy
Melvin Burdick
North Olmstead
Olds
George Jenkins
Elyma
Loiain
Mark Osbun
Wellington
Kia Gough
Hugh Paddock
Onerlin
Jack Vana Arsdale
Columbia
Marjorie Groves
Donald Harkins
Waro'd Hune
Caldwell
Perle Wil
Wakeman Briefs and Flower Show Plans in Town
Wakeman notes describe Sept 17 social calls by Mrs Earl Green and daughter, and visits from the Smith families. A Garden Club Flower Show is planned for Sept 19 with entries including single spikes, baskets, mixed bouquets, and various flowers. Exhibits may be brought 9:60 to 11 AM and 10:00 to 2:00 PM. Division meetings and local social updates follow, including obituaries, school enrollments, and visits among residents.
MENTIONED IN THIS ARTICLE
Wakeman
Earl Green
Brighton
Charles Smith
Fred Smith
Elyria
Robert Hast
Youth of 15 May Win New Orleans Chess Title
Matthew O Dufant, 15, moves toward the city chess championship in New Orleans. He started at 11, learning from his stepfather H W Morton, a championship player. Morton says Matthew can compete with leading experts and aims to win the national title.
MENTIONED IN THIS ARTICLE
New Orleans
Matthew O Dufant
Matthew
H W Morton
Whiskey Still Operated in Federal Camp at Klamath Falls
In Oregon the camp's daily coffee is drawn from a 20 gallon copper still captured in a raid. Sheriff’s officers turned the still over to the federal camp housing transients. The article notes the Constitution limits army appropriations to two years reflecting fears of standing armies.
MENTIONED IN THIS ARTICLE
Klamath Falls
Orc
Sheriff's Office
Also Mentioned on This Page
Frank Brandau
Loeffler HD
W. Broad
Mio Lee
Blue Sunoco
Allcut
University of Toronto
Canada
Airle
George Stole
Russell Mantz
Wrs
C E. Shelton
Earl Fletcher
Josiah Galpin
Jess Wallis
Bishone
Circle
Mary Buckley
Kathleen McCreedy
Oberlin School of Commerce
Helen Lindbeck
Oberlin College
Frank Dideling
Elva Parsons
Hattie Hoffstatter
Clarksheld
C.h.merthe & Co
Silk Parade
McCall
Vogue
Hollywood
Failette
Moire Tattera
Crinkle
Gold and Siler
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