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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 20, 1933
Page
10
St. Paul brewer William Hamm describes his abduction by three men, noting kindness during detention. He recalls one assailant resembling Verne Sankey, a hood over his eyes, and an eight hour trip out of town followed by a return trip with three men in the car.
A 17 year old boy recounts a kidnapping ordeal from St. Paul area to northern Minnesota. He describes ransom notes signed while hidden, being hooded, fed well, and kept under guard by five or six men. He was released near Wyoming Minnesota after ransom payment and later returned home with police involvement.
Leading New York banks analyze the Glass Steagall act and project they will supply about 25 percent of the funds for a federal deposit guaranty pool. Based on $6.205 billion in deposits from 20 clearing house institutions, and total Fed member deposits of $24.978 trillion, the plan calls for a 0.5 percent contribution of demand deposits with $300 million to be set aside initially. The three largest banks Chase, National City, and First National together hold about 10 percent of the country’s deposit guaranty obligations.
The dialogue depicts a debtor seeking another delay in an installment payment while the other party challenges trust, citing prior promises to pay. The exchange reflects ongoing financial strain and reliability concerns between the two involved.
A former detainee says no conversations about other kidnappings occurred and he cannot locate where he was held. He expresses relief at being home. Separately, air insurance rates in Europe are dropping.
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