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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Oct 01, 1930
Page
2
A Fifth District Monthly Review notes slower gains in August and early September, with drought denting agriculture and cotton and tobacco prices near record lows. Bank loans declined, but security lending rose. retail and wholesale trade remained well below 1929 levels while building permits stayed sparse.
The American Bankers Association resolves committee discusses branch banking and group growth. R B Hecht of New Orleans cites rising failures of unit banks and argues independent banks can prosper if profitable despite opposition from large banking interests.
Hecht notes the decline of small banks as business shifts to larger centers, with suspensions totaling 915 in prior years and 831 in 1827, while deposits topped $270.9 million in 1924 and $266.6 million in 1927. He cites economic factors hampering independents and calls for help to sustain smaller banks. Lonsdale reports signs of improved business but warns many reforms are still needed before lasting prosperity arrives.
Veterans of the War Between the States and their sons assisted the Virginia Division Fighters of the Confederacy in opening here tonight their 35th annual convention. A brief program featured greetings, a response by state president Mrs. Charles E. Bolling, Richmond, music, and an informal reception.
Associated Press dispatch from Peiping dated October 1 reports 8,000 men and women allegedly massacred by bandits near Lihsian south of Kansu.
A testimonial from Mrs. G. Henderson touts Vinol as supplying iron calcium and cod liver peptone to help thin nervous children or adults. She notes her pale child gained two pounds weekly after starting Vinol and praises its taste and quick results from Baker's Drug Store Lady.
Four years ago a town endured a siege lasting months. Bandits attacked, aiming to kill infants and young girls, and to abduct others, leaving residents shaken by the violence.
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