Banker criticizes political use of Federal Reserve system
Des Moines on April 19 former Des Moines banker and current Federal Reserve official John H Blair warned that turning the Federal Reserve into a political issue would be a national and world calamity. He argued the system must remain free from political influence and highlighted the system’s profits returning to the government and the need for careful funding of longer term credits separate from reserve investments.
MENTIONED IN THIS ARTICLE
Des Moines
John H. Blair
Des Moines National Bank
Federal Reserve Bank
Chicago
Federal Reserve System
Iowa
Blair
Federal Reserve Act
Federal Reserve Board
Washingtonm
United States
Federal Reserve
Excessive Earnings Of Federal Reserve Banks Criticized
The text argues that Federal Reserve Banks earn large profits through currency issuance and high loan volumes but are not profit driven. It notes that stockholders receive limited profits while the government captures most earnings, used to retire debt or support currency. It contends the government, not banks, benefits from excess earnings.
MENTIONED IN THIS ARTICLE
Federal Reserve Banks
United States
Reduced Fed bank discounts eyes no critique of earnings
With the greatly reduced volume of discounts which federal reserve banks are now carrying, there will be no occasion to criticise their excessive earnings.
MENTIONED IN THIS ARTICLE
Federal Reserve
Franklin Reduces Prices to Lowest Level in 16 Years
Franklin cars drop to their lowest prices in the 16 years of six cylinder production except for a brief 1916 period. Reductions up to 1500 under war prices announced with touring car at 1950 and sedan at 2860. Waterloo dealer Franklin Service & Sales Co. 510 Fifth Street West, Roy Buxton and B Conry proprietors.
MENTIONED IN THIS ARTICLE
Franklin
Franklin Company
Waterloo
Franklin Service & Sales Co
Fifth Street West
Roy Buxton
B. 4, Conry, Proprietors
Pythian Castle to Host American Legion Auxiliary Event
Manchester Illinois April 19 Pythian Castle will be turned over to the American Legion auxiliary tomorrow for their first chapter. The public auxiliary has been making needlework for sale and will offer homemade candy. At 5:34 p.m. a chicken supper will be served. Evening plans include dancing and games as both legion and auxiliary expect a big turnout.
MENTIONED IN THIS ARTICLE
Manchester
Pythian Castle
American Legion Auxilary
Legion
Auxiliary
Goodbye to Courier New Universities Dictionary
The final days of our wide distribution of the New Universities Dictionary bring hundreds of readers to obtain a copy. This compact volume has won broad public affection and its influence will grow in the years to come in this community. The distribution has exceeded expectations and we are gratified by the warm reception.
MENTIONED IN THIS ARTICLE
Universities
United States
Musterole Claims Quick Relief For Colds And Chest Pain
Musterole is a clean white ointment with mustard content that does not blister like old mustard plasters. It is massaged into the chest to relieve symptoms quickly and is sold in jars and tubes including hospital sizes.
Right book chosen for readers at the right moment
The passage praises selecting an ideal book for readers and timing, asserting it is the best of its kind and that owners will repeatedly feel grateful and congratulate themselves for this choice. It emphasizes the value and impact of presenting the work.
Dictionary offer closes today in schoolhouse sale
An advertisement announces the sale of a dictionary described as answering daily questions in school, home, and work. Distribution ends this week and publisher terms require customers to read the coupon in today’s paper for details.
MENTIONED IN THIS ARTICLE
Publisheas
Terme
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Politco
John Blair
Chicago Bank
John M. Nix
Logan Ave
Rou
A. IL
ROYAL
Courier New Universities Dictionary
SEE
Optical CO
Sycamore St
Palace Theatre
Neumonia
Wangler Drug Store
Fashion
Nash
C. W. Nash
Prues
West Motor Sales Co
Jefferson St
Uncle Sam
Portland Cement Isociation
Hubbell
Moines
Nfowa
National Organization
ATK Suqe Ca
First National Bark Building
Brown Kid English
Oxfords
Cortom
Fareion Park
MensFashion
Sycamore
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