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Newspaper
The Dalton Gazette
Location
Dalton, Ohio, United States of America
Date
Jun 07, 1934
Page
6
In this 1930s-style analysis F M Law cites restored confidence and liquidity as banks shift from liquidating to prudent lending. He notes reduced commercial failures, rising production, and Federal Reserve data signaling recovery, with banks now safer and depositors assured.
June notes chronicling community visits births weddings and illnesses in Sonnnenberg. Residents including Amstutz Nussbaum Kirchhofer and Lehman families figure among events plus obituaries for Vivienne Miller and updates on health issues and local schooling.
The American Bankers Association supports long running training for young men and women in banking. Standard courses are taught by experienced instructors under the American Institute of Banking. Over two hundred local banking schools operate nationwide with thousands educated annually. A central graduate school may be established for select graduates.
Banks and trust companies have repaid about 925 million dollars of RF C advances through April 30 1934. Since RF C began in February 1932 loans were authorized to 7080 banks totaling about 1995 billion with 442 billion not drawn. The repayments indicate improving financial and banking conditions and are higher than the overall 37 percent repayment rate.
The foundation reports since 1928 it has awarded 54 college loan scholarships. Total loans repaid amount to $262,000 with $86,900 outstanding. Investments of funds total $540,000.
Saturday afternoon results list key officer roles for Kidron including Pres Mrs Noah Nussbaum Vice Pres Mrs A R Keiser Sec Mrs N G Fankhauser Treas Mrs Albert Badertscher and committee members Mrs Willis Sommer Mrs Llewellyn Zimmerly and Mrs Rudy Badertscher.
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