The Mason City Globe-Gazette from Mason City, Iowa on February 15, 1934 · Page 13
Get access to this page with a Free Trial
Click to view larger version

The Mason City Globe-Gazette from Mason City, Iowa · Page 13

Mason City, Iowa
Issue Date:
Thursday, February 15, 1934
Page 13
Start Free Trial

Page 13 article text (OCR)

FEBRUARY 15 193-1 BANK GUARANTEE EXTENDED YEAR Host of Recommendations Sent to Capitol by Comptroller. WASHINGTON, Feb. 15. ()-Extension of one year of the present $2,500 guarantee-in-full limit on bank deposits today bore administration approval as a host of new banking recommendations were sent to the capitol by J. F. T. O'Connor, comptroller of the currency. Observers watched for some movement by the federal reserve board toward hastening the movement of bank cash into business. A statement by Gov. Eugene Black appeared to be forthcoming. Action on the deposit guarantee law was approved by President Roosevelt after Secretary Morgen- thau. Senator Glass (D., Va.) and Representative Steagail (D., Ala.) had conferred.- Appears. Certain. That change, if approved by congress as appears certain, means that until July '1, 1935,' instead of next July 1, deposits will be insured only Uj' to '$2,500. Present law would have boosted the 100 per cent insurance up to $10,000 next .Inly with a 75 per cent guarantee on deposits up to ?50.000 and a 50 ner cent guarantee above that. An important point involved is that the liability of insured banks is held to a possible 1 pel- cent of their insured deposits instead of becoming .unlimited. Another is an accompanying year's extension in time for state banks to decide whether to join the federal reserve system or get out of the insurance corporation. Contained in Report. The many banking changes proposed by O'Connor were contained in his annual report to congress in which he discussed extensively problems raised by the 1933 banking act divorcement of investment affiliates from national banks. Terming the legislation "sound," O'Connor said application by administrative officers "reveals certain features which I practice work in a cumbersome manner or bring about situations which Its framers did not intend." Outstanding among the changes he asked were: Authority .for. the comptroller to accept style banks into the national system even though carrying nonconforming assets. Old Age Benefits. Clarification of the examination requirement of corporations accepting deposits lost they choose to abandon old age benefit contribu- tlLas rather than have their books j'e viewed. "'·'·"·A. 'determination as to whether mortgage corporations making 1 loans on, real estate securities or chattel .mortgage securities are among investment affiliates which must be divorced from national banks. A return to the old stock-ownership requirement for qualifying bank directors. Permission for a national bank to buy or sell corporate stocks for the account of its customers. MASON CITY GLOBE-GAZETTE HAWAII'S NEW "FIRST FAMILY" JOSEPH HOYIJ POINUEXXEK HELEN POINDKVTEH Tho first lady arid mistress of Washington I'lace, home of (he governor oi'Hawaii,'will lie Helen I'oindcxtcr, above, when her futher, Jnseph B. Poimlexter, also above, of Hawaii, becomes the chief executive of .the Island, territory following (he appointment by President Roosevelt. It will be the first time in Hawaiian history that the daughter of a governor will be in charge of tho mansion. Heavy Planting of Legumes Expected DES MOIi\J2S, Feb. ID. u'i)--The state department of agriculture announced today that indications are that there will be heavy planting of legume seed this spring on land taken out of cultivation under the crop reduction plan. It is important that only good clean seed be planted, as cheap seed may contaminate the farm with bad weeds which wilt be difficult to eradicate, the department said. Only tested seed, free from noxious weeds, should be purchased, the department said. Some of his friends in Louisiana understood that croon to nm, "Huey doesn't live here any more." Omaha World-Herald. | 1,501 Hancock Farmers Sign Corn-Hog Con tracts GARNER, Feb. 15.--According to County Agent s. j. Oberhauser, 1,501 Hancock county farmers signed the corn-hog reduction contracts. Three townships, Crystal. Amsterdam and Liberty will meet Saturday and elect the permanent township . committees. Madison township will elect i t s . permanent committee Feb. 21. Farmers in four school districts in Boone township signed up 100 per cent. Ellington, Einghara. Avery, Madison ami Liberty townships each ivport one district signed 100 per cent. The cleanup campaign is expected to be finished this week. Sixty farmers signed up this week. THIRTEEN CULMINATION OF LENGTHY BATTLE Fascist-Democratic Fight in Austria Comes to Its Climax. By ASSOCIATED P11ESS The tragic events in Austria culminate a long battle between the forces of democracy and fascism. The Little Chancellor Dollfuss, whose bourgeois Christian social party held ns its cornerstone the principle of representative government, hiis been forced through the events of ihc last year, to accept' as the mainstay of his power, the ftiseist heimwchr. The socialists, or social democrats as they call themselves, were numerically the strongest party in Austria when parliament was dissolved last your. Today they are being- crushed by the heimwehr, numerically the weakest. If that process is completed tho Christian socialists, who control between IS and 20 per cent of the votes will be face to face with the heimwehr and the nazis, who WORN-OUT HUSBAND CHE roulil have reproached liim " lor liis Iks of Icmpcr--his ".-ill in complaints. Ihit wisely she saw in Ills frequent colds, his "lagged out," "on edge" contli- lion die very trouWc she herself nad whipjKd. Constipation! The very morning :i(- t c r t n k i l l K NR (Vaturc's Hem- fds), .13 she ad- M5t(], tic felt like lum'elf nR-nn-- keenly nlwl. pcppv. cheerful. N R -- t h e safe.dependable, all- vegetable ] aia t i vc; and corrcc- tivc--u-nrka gently, thor. oufihly, naturally.It stimulates t h e d i m i n u t i v e tract tocomptetc.rcpular functioning.Non-liauit- forminc. Try a !ox . ^ S c -- a t druggists'. nfl I a « P" Quick rclicl for acid inclires- jUiVlS lion, heartburn. Only iSc.__ claim a majority of the voting population. The object of both is to "crush democracy forever." Some observers look forward to a heimwehr-nazi "fascist front" with the nazis, stronger in numbers, ultimately dominating. Case Against Ruthven Dance Manager Dropped EMMETSBURG, Feb. 15.--The case against J. 1C. Maple, dance hall manager at Electric park, a resort near Ruthven, was dismissed in justice court here Tuesday on charges of carrying concealed weapons. Evidence against Maple was not considered sufficient. The charges were brought hy L. H. Walton, operator of a shoe repair shop in Emmetsburg. Maple occasionally acts as constable at the dance hall, it was said. Not« Issue Oversubscribed. WASHINGTON, Feb. 15. .TV_The treasury announced today its 5800,000,000 note issue was 'four times oversubscribed. COURT CONTEST ENDED BY DEATH William E. Humphrey Who Fought Removal Victim of Stroke. WASHINGTON, Feb. 15. OP)-A court challenge to the right of President Roosevet to remove a member of the federal trade commission was ended today by the sudden death of William E. Humphrey. The former trade commissioner, 71 years old, died as the result of a stroke at his home here. He had been in frail health for some time. Humphrey had pending- in federal court hera a suit contesting his removal from the commission, charging that the president had noted contrary to law in taking away his post without charges of wrongdoing or malfeasance. He was named to the federal Lowest Prices on TIRES TUBES S3.29 4.50x21 S3.57 4.75x1 n 5:1.47 FULL MOLDED TUBES 30x3 '/j 4.JO.\2I Simmons Bull Bearing Roller Skates, Fair.. Lunch Kit With Vacuum Bottle . $1,19 ICE CREAM FREE/BUS MOTOR OIL, 20-30-40 GRADE PER GALLON trade commission hy President Coolidge while practicing law in Washington. He was roappointed for another six year term during the Hoover administration. His widow and a sister, Miss Edna Humphrey of Crawfordsville, Inci., survive him. Two Directors Elected. Feb. 14.-- The Farmers' Exchange company held Its annual stockholders' meeting Saturday afternoon. J. II. Schroeder and A. G. Valentine were elected directors to succeed John Bahllng and J. P, Trunkhill. hive Ended their Bowel Worries by taking this advice! Can constipation sufcly bo relieved'.' "Yes!" s;iy medical men. "Yes!" say the many thousands who have followed Ihcir advice unit know. You are not likely (o cure your constipation with salts, pills, tablets or any of Ihe habit-forming cathartics. Bui you can safely relieve this condilion by gentle regulation with a suitable liquid laxative. THE LIQUID TEST: First: select a properly prepared liquid laxative. Second: take the (lose you find suited lo your .system. Third: gradually reduce the dose until bowels are moving of their own accord. Simple, isn't it? And it worksl The right liquid laxative .brings thorough bowel action without using force. An approved liquid laxative (one which is most widely used for both adults and children) is Di\ Caldwell's Syrup Pepsin. It is n doctor's prescription, and perfectly si/c. Us laxative action is based on senna, a naturnt laxative; the dose can be measured, and the action thus regulated to suit your individual need. I f . there am children in your household, don't give them any fad form of laxative, but use a healthful, helpful preparation like Dr. Cakhvell's Syrup Pepsin. Us very taste will tell you it is wholesome, and agreeable lo the stomach. De- liyhtful taste, and delightful action; there is no discomfort at the lime, or utter. Ask your druggist for Dr. Cnldwell's Syrup Pepsin, all ready lo talie. A Frank Statemenl Concerning Dr. Caldwell's Syrup Pepsin We believe the use of pills a n d t a b l e t s c o n t a i n i n g mineral drugs is rapidly giving way to Ken lie regulation of the bowels with a liquid laxative. \Vc believe Dr. Caldwell's original prescription of fresh herbs, pure pepsin, and senna is Ihc. ideal family laxative. And \yc know it is a safe preparation for children and expectant mothers because it does not cause bowel strain or irritate the kidneys. MacDonald Leaves for Louisville to Confer on Iowa CCC Work AMES, Feb. 15. OP)--Prof. G. B. iMacDonald, head of the Iowa State college forestry department and Iowa director of emergency conservation work, left today for Louisville, Ky., where he will confer with E. Murray Bruner, district forest inspector, relative to work projects . for the Iowa CCC camps for the third enrollment period which begins April 1. Professor MacDonald also will go to Mississippi and Louisiana to make investigations regarding the proposed establishment of a federal experimental nursery here. Vu Washington he will confer with United States forest service officials on problems of land utilization and the possibility of establishing state forests in Iowa. Superintendents Will Hold Session March 10 .MOUNT VERNON, Feb. 15. /lt-- Dean T. R. McConncll of Cornell college announced the second annual conference for high school superintendents, principals and board members will be held here March 10. A junior college forum will be conducted. Dean John E. Stout of the Northwestern university school of education will be the principal speaker. He formerly was associated with Cornell college. NRA urges you to buy now. Buy to get maximum value for yourself and to help speed business recovery. You'll find that this advice is good. But you can go a step further and accomplish even more. Buy Quality goods in every line. Products that are made to serve you long and faithfully. They give you most for your money in the long run. And Quality products mean more labor employed . . . More skilled workmen ... Higher wages--Quicker and more permanent prosperity. abyCpmes) Torn lie months of waiting into ease and comfort f OTJ can now avoid unnecessary pain and 1 after regrets by pre- I paring yqur body for f that dear baby's coming, A massage medium and skin lubricant, called Motner*H Friend, helps to relieve and prevent akin tightness ... abdominal tlssuo breaks . , ,, dry skin . . . caked breasts . . . after delivery wrinkles. Mother's Friend refreshes and tones the Bkin, tissues and muscles. It makes them supple, pliant and elastic. It is scientific in composition--composed of especial oils and hlfihly beneficial ingredients--externally applied--pure and BOfe. Quickly aba or bed. Delightful to use. Highly praised by users, many doctors and nurses. Time-tested for over fJO years. Millions of bottles sold. Try f t tonight. Just ask any druggist for Mother's Friend. The Bradfleld, Co., Atlanta, Ga, Mother's Friend -- t e v c e n i (he pain /IsA; to be shown QUALITY MERCHANDISE BARRETT BROS. BLANCH ARD'S CHAPMAN FURNITURE CO. CRYSTAL LAKE ICE AND F U E L CO. CURRIE-VAN NESS CO. DAMON'S INC. JACOB E. DECKER SONS FELT'S MARKET FINK'S SMART A P P A R E I . FULLERTON LUMBER CO. JOHN GALLAGHER, INC. GILDNER BROS. GLANVILLE BROS. GRUPP FOOD MARKET HERMANSON BROS. DAIRY HUXTABLE DRUG CO. LAIRD SHOE CO. D. K. LUNDBERG CO. LYONS LAUNDERERS DRY CLEANERS MARSHALL SWIFT, INC. MASON CITY BAKING CO. THE MERKEL CO. MONTGOMERY WARD CO. MYERS BEAUTY STUDIO NICHOLS GREEN I'AGE LUMBER CO. PALAIS ROYAL J. C. PENNEY CO. PEOPLES G A S ELECTRIC PFAFK BAKING CO. \V. H. POTTS, JEWELER HAY E. I'RUSFA CO. THOMPSON-DEAN CO. V A N C E MUSIC CO. M I E R WOLF SONS

Get full access with a Free Trial

Start Free Trial

What members have found on this page