Bankers Form New Credit Body With 50 Million
New York bankers announce the Commodities Finance Corporation to issue up to 50 million in notes backed by its assets. It plans two New York subsidiaries a pure acceptance firm and a finance firm under Delaware law with initial capital of 2 million for the finance arm. Mortimer Buckner outlines the plan as a credit pool not a speculative commodity pool.
MENTIONED IN THIS ARTICLE
New York
Commodities Finance Corporation
Eugene Meyer
Delaware
New York State
Acceptance Corporation
Subsidiary
Finance Corporation
Mortimer N. Buckner
National Credit Corporation
New York Clearinghouse Association Committee
Meyer
Hall Opposes State Run School System in Virginia
Richmond Aug 18 Dr Sid ney B Hall state superintendent of public instruction stated he does not seek full state control and funding of schools. He renews a minimum program where the state would cover about one third of costs leaving two thirds to localities including building equipment operation and transportation.
MENTIONED IN THIS ARTICLE
Richmond
Sidney B. Hall
Virginia
Hall
Bank Checks And Gas Lead In Tax Money
July revenue from the new billion dollar act shows bank checks and gasoline topping receipts. Bank checks 1,094,287 dollars and gasoline 539,461 dollars for the last nine days of June, with other taxes including brewers wort and malt 221,359 dollars and tires and tubes 96,057.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Bandits Rob Bank as Sheriff Wounded in Arkansas Shootout
In Ashdown Arkansas a bank robbery ends with one bandit killed and three others captured within twenty minutes. Sheriff James G Sanderson, wounded in a scalp hit, leads the pursuit and returns the money recovered from the bandits car. Victims forced to lie on the floor include cashier Miller Johnson his assistant and two customers.
MENTIONED IN THIS ARTICLE
Ashdown
Ark
First National Bank
James G. Sanderson
Sanderson
William Parker
Texarkana
John Addie
Bert Coston
Ida
Kenneth Wright
Liberal
Kansas
Miller Johnson
Curtin Accuses Seaburg of Unproven Charges in Albany
Curtis, arguing for Walker, attacked Samuel Seabury’s logic as fallacious while a supreme court order required Roosevelt to show cause why a writ should not restrain further action in the Walker case. The hearing continued as Justice Loughran set tomorrow’s return with arguments from Curtin and Roosevelt’s counsel.
MENTIONED IN THIS ARTICLE
Supreme Court
Walker
John T. Loughran
Ellis J. Staley
Albany
Kingston
John J. Glynn
Alfred E. Smith
Roosevelt
Curtin
Hofstadter Legislative Committee
U. S
England
Franklin D. Roosevelt
Loughran
Staley
George Donnelly
Bronx Chamber of Commerce
Donnelly
John J. Bennett
Henry Epstein
Bennett
Epstein
Max D. Steuerben
New York
Tammany Hall
Board of Strategy
Smith
Samuel Seabury
Portrait of a man in a gray plaid suit and blue accessories
The description notes a man wearing a gray plaid suit with a darker gray shirt and a blue tie. A blue handkerchief is tucked into the breast pocket, completing the coordinated ensemble.
Stock Market Makes a Start But Falters
The stock market opened with a brief rise but soon moved in a weary zig zag, remaining tied to wheat as the wheat market sagged. Sterling cables fell to $4.474, call money stood at 2 percent, and overall activity weakened as prices eased.
MENTIONED IN THIS ARTICLE
New York
Chicago Grain Closing Prices Review
The Chicago market reports mixed grain prices with September wheat at 7.50 per bushel and December futures around 5.40 while May contracts show varied values. Corn prices for September and May fluctuate with rye and other grains showing modest gains and losses in today’s AP led update.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Aug
Maeterlinck Skates in Abbey Corridors on Rainy Days
Maurice Maeterlinck could not work on rainy days so he amused himself by roller skating in the corridors of the ruined abbey of St Wandrille. The text hints at reflections on ownership and responsibility with a plow horse analogy.
MENTIONED IN THIS ARTICLE
Maurice Maeterlinck
Abbey of
St. Wandrille
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