Comptroller Cites Capital Shortfall Behind Bank Failures
The Comptroller of the Currency argues that insufficient capital has been a main cause of bank failures. He contrasts this with the belief that lesser types of bankers were responsible.
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Newspaper
The Winthrop Review
Location
Winthrop, Massachusetts, United States of America
Date
Dec 23, 1932
Page
7
The Comptroller of the Currency argues that insufficient capital has been a main cause of bank failures. He contrasts this with the belief that lesser types of bankers were responsible.
Mr. James treasurer of Revere outlines municipal finance changes to Winthrop Kiwanis members. Dr. George H. Bruns, Revere Kiwanis president and local dentist, entertained with songs from the clubs minstrel show. Talk of a joint Revere minstrel performance in Winthrop after year’s start.
The Knights of Columbus team set a new single score record 637 and total 1744 to take four points from Baraca Class. WYCC whitewashed Tiltons. Odd Fellows beat Cottage Park. Winthrop Highlands YC and Union Church each earned two points. Individual high games went to Murray and O Connell with 148 and 143 and 369 total.
The weekly results show seven teams still in contention for first place with three games remaining before the midseason finish. Standings hinge on 12 points as Holy Cross Georgetown Fordham Niagara Harvard Yale Notre Dame Brown and Dartmouth compete for top honors.
Jama League stages Martin Flavin’s Broken Dishes at Odd Fellows Hall Pauline street. Cyrus Bumpsted shields his daughter Elaine from a crooked Chester while supporting peace for the family. Tickets on sale, admission reduced to a nominal sum for all to enjoy.
Winthrop Golf Club adopts new by law amendments for 1933 changing dues and member types. The plan lowers entry requirements by offering various membership categories with annual dues and staged payment dates, including active associate junior and non resident options, with forfeit of playing privileges if payments are missed. Applications remain available through club officers.
At a Boys Club meeting two five team leagues were formed for the 1932 1933 season. The established teams include B C with members John O Connor Frank Malona Charles Doherty Jr Edward Sinatra and Paul Brooks among others.
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