Reserve Board Gets Ultimatum
Treasury Secretary Morgenthau demanded the Federal Reserve Board endorse within 48 hours a Treasury approved program of bank examination. The move highlights a sharp split with Fed Chair Marriner Eccles who favors liberalizing examination methods to spur lending, while Morgenthau pushes standardization. The Treasury and banking agencies backed Morgenthau's plan. Eccles did not comment and the board offered no immediate position.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Federal Reserve Board
Henry Morgenthau, Jr
Secretary of the Treasury
White House
Morgenthau
Marriner S. Eccles
Comptroller of the Currency
Federal Deposit Insurance Corporation
National Association of State Bank Supervisors
Eccles
Reserve Board
City Council Rejects Purchasing Agent Plan
Cumberland Maryland June 21 the city council rejected a proposal to create a municipal purchasing agent office finance commissioner Conlon offered the ordinance but it was not seconded Mayor Koongard supported Conlon or buying himself but said the plan cost too much money it would name the City Clerk purchasing agent and raise his salary by 75 a month plus provide a stenographer at 100 a month
MENTIONED IN THIS ARTICLE
Cumberland
Thomas F. Conlon
Thomas W. Koongard
Conlon
Einstein's New Book Placed In Our Library
Professor Albert Einstein and Leopold Infeld publish The Evolution of Physics on 313 pages, aims at lay readers, with a broad outline from early mechanics to relativity and quanta. The book, tied to the Institute for Advanced Study, emphasizes ideas behind phenomena and the ongoing quest to understand physical laws.
MENTIONED IN THIS ARTICLE
Albert Einstein
Washington County
Ulm
Germany
Ipfeld
Einstein
Imagination, science advance through new questions
The text discusses that every major advance raises new questions and difficulties, with Eldstein proposing a field concept where matter is not fundamental. It notes energy and matter interchangeability, the relativity theory’s verification by Mercury’s orbit, light bending, and redshift observations, and the Sirius companion star confirming Einstein’s test.
MENTIONED IN THIS ARTICLE
Eldstein
Mercury
Stein
Sirius
Special grand jury to hear case against feared wife killer
Cambridge Maryland June 21 special grand jury will be asked to hear the case against Fred L. Brown aged 48 who confessed to murdering his 16 year old wife State's Attorney J Gorman Hill said Monday.
MENTIONED IN THIS ARTICLE
Cambridge
Fred L. Brown
J. Gorman Hill
Trust Company To Absorb Business In Frederick Md
The FDIC announced West ern Maryland Trust Co will take over the Commercial Bank of Maryland on July 2 after a loan of about 1 million dollars. All deposits will be returned to depositors through the Western Maryland institution which will assume the Commercial Bank building. There will be no interruption to banking service.
MENTIONED IN THIS ARTICLE
Frederick
Federal Deposit Insurance Corporation
Westerm Maryland Trust Co
Commercial Bank of Maryland
FDIC
the Commercial Bank
Commerical Bank
Stern Maryand Institution
Commericals
Also Mentioned on This Page
Howard
Baltimore St
R. & G. Dep’t Store
Inaint
Triangle Food Stores
Eople’s Store
W. Wash
Roosevelt
Bride
Joh Roosevelt
Anne Lindsay Clark
Nahant
Mass
Plymouth
Plymouth “Roadking
Detroit
Kafe
Trust Company
Herald—Mail
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