The Key West Citizen Newspaper, April 13, 1933, Page 6

PAGE SIX LECISLATIONON | =BANKING SOUGHT FON MANY SIDES Pypuic sailed Germ aac, IM. VARIOUS BILLS BEING IN- = FRODUCED IN (By Florida Press) TALLAHASSER, April 13.— Public demand for improved bank- ings Jewiilation is reflected in a nfintber of proposed bills introdue- | %. in both the house and senate Unt mg the first week of the ‘ses- They range from a measure tee Gkeate a separate state depart- ment on banking to another creat- ing insurance funds as security for deposits, Sénator Walter Rose of Orlan- do, sponsored a bill designed to give depositors in closed banks a stxong. voice in the affairs of such institutions. A board of direc- See eons be elected by the de-' Positors with one vote allowed for each’ $100 or fraction thereof. This« board would have authority! to-xéject or. confirm sale of prop- erty; be given a voice in determin- ing’Value of assets; exercise power \imethe enforcement of claims; and} be imyested with numerous other) powess. The bill limits the pow- ers"0f the liquidator and the comp- tupllex. to the extent necessary to the- complete exercise of the au- thGfity of the creditors and their direetors as enumerated in the p¥oposed act. i Representative J. C. Brown, of | Dge; presented a bill in the heuse.which would make it unlaw- ful'forany bank which is insolvent or unsound to accept deposits or incur debts. Officials or direc-| torg, violating the proposed act} @ Ceegseveecceerdecesooc0008 Coats Hug Three-Quarter Length 2908002986 9808 on. Beige linen makes this spring ensemble designed by The high-recked upper blouse of white |; Paray. the skirt by fagoting which is used coat. At Pari s Display 9026002926908 i HI Hi iH i il Lucile en is attached to alse as a trimming note on the t measure in the house to provide Duval, This act would protect would be guilty of felony and if! that depositors of closed’ banks depositors with a premium on bank con¥ieted on the charge would be} subject to a fine of not less than $1,000 or more than $10,000. A! bank would be declared unsound, | the Dill provides, if it suspends judgements; if liabilities are in excesss of assets; if examination | reveals that capital is not made good within 60 days; and when’ the bank fails to maintain the re-! serve required by law. | have a right to participate in the | deposits ranging from 25 cents to| pretty fade out for THE KEY WEST CITIZEN 00 Late . ae Co (Classify feweaye ivi Pass Ai | Well, speakin’ of entertainment, | this little show they’re stagin’ at; the Capitol is an all-star attrae- (tion. They've already put on; ja couple of hundred acts and the darn. show has just started. The way it looks right now, the \ hig idea seems to be to just nat: urally abolish everything from the constitution ‘right on down the line. The leadin’ man made his bow; on the openin’ day. He told ’em the folks back home was all sit-j tin’ ’round the dress circle with! their opera \glasses trained on} the stage up here, and the thing they were lookin’ for was action} and plenty of it. Well, if you ask me, nobody can complain so far. They've giv- en us both acts and action. Sen- ator Gillis opened a private clip-| — THE COLOSSUS OF ROADS ping bureau the first day and came dashin’ out of the wings pi hgiad Hager abicage Asean wavin’ a carvin knife at the State check clear off the barbers a guy Hotel Commission. ‘Phen he! might get @ lot! more than a hair runs hog wild and starts slashin’} ont for his twenty five cents. I and hackin’ away at everything in} Go. know whether Mr. Gillis ever had barbers’ itch or not, but he ought to try it sometime. But the big. question seems to be department and let the sheriffs protect our wild life, I suppose! he figures as long as they’re doin’|>€eT; whether it’s. good for our jt at night anyhow, they might as constitution or not, We've re- well do it in the daytime. Bunt; ceived several: bills for beer, but why pick on the Game Depart-.80 far we haven’t got the beer. ment, that’s the only. bureau in! We'll probably have a flow of. ora- the state that has been savin’ doe|tory before we have a flow of) for us. isuds. . ¥ expect to get a bigger Next he wants to blot out the} ick out-of that than P'd get from Motor Vehicle Department anki |the 3.2 beer. Anyhow the sit- let the Comptroller manage our] vation has got a few mugs I know tag days, seein’ as that gentleman | downright worried, for it begins to. ain’t got nothin’ else to do. [look like some other mugs are And he seems to think that a|¢onna start takin’ their business the Barber,2way from.’em. Boy! Page Mr. ' questions. that to. my mind are a darn. sight’ more important than what we're gonna drink with our pretzels, ; We've got to do a lot. of trim-}| min’ and cuttin’ and. it looks like _ the boys. have all come up here ‘ready and: willin’ to do it, It isn’t an. easy job:and unless we watch} | ‘our step. we may do more harm than good with our prunin’ shears. It’s all right: to haek away the dead branches and trim off the |.water sprouts; but we don’t. want to cut down any trees unless we're ; darn’ sure they’re dead. 1 QUEER INCIDENT j | CHICAGO—As the congrega- ition in.a South: Side ehuarch in this city was singing “Lead Kindly Light,” all the lights went selection of a recommended liquid-|$3 2 month, dependent on the|Board would be a good thing.| Vallee and ask him to sing: the out, and candles were used to ator. The circuit judge of the} distriet would have the author. . ity to name the liquidator, provi-js payment of checks; fails to pay|ded that 51 percent of the de- keep stri positors approve the party. The judge would have jurisdiction} over the bank and approve all, sales of assets or property. | Creation of a new state depart-! average balance maintained. The commissioner of banking and in- rance would be required to and insurance companies. SLANDERS NEIGHBOR CINCINNATI—Mrs. Janet Me- jment of banking and insurance, Keown of this city, was arrested e— John S. Byington and Toth B.} was asked in a measure presented | for writing slanderous letters “StéWrt of Volusia, introduced a in the house by J. Ben Wand, of about a woman neighbor. KEEP * J PRINGIIMIE WR =) Lx Now-—during the Jon- quil Jubilee—while prices are lowest. SALE ENDS FLORIDA SATURDAY APRIL 15th en the purchase of @ new auto- IN YOUR KITCHEN THE YEAR ROUND LIC UTILITIES COMPANY “Your Gas Company” Well, the old Board. did give us a! “Stein Song.” nice trimmin’ at that, and I sup-' But gettin’ our’ feet off the pose the Senater was afraid they brass rail: and’ comin’ down to t watch over state banks} might make it a Permanent, and earth again, there are alot of @ week HorM The formulas and processes So it is with Chesterfield Cigarettes. If is as good as money can buy. about cigarette manufacture. try 2? finish the service. Subscribe for Phe Citizen—20c which make Chesterfield a milder and better-tasting cigarette are secret-— to prevent others from copying them If every person knew the method and processes of tanning leather, it would be of interest; but what people want to know is: Is it a good shoe? Is it comfortable? Will it wear longer? Is the price right? smokers, men and women, knew all of the formulas aad pro- cesses of manufacture, it would be of interest to them; but what smokers really wane is. the result. Everything that goes into Chesterfield Cigarettes Every process has in it all that science’ knows The formulas are secret to prevent others from copying them. The mildness and the better taste uu may prove for yourself. May we ask you to you may THURSDAY, APRIL 18, 1938. te 4 is years ahead in beauty, styling and Comyenience features. ng white porcelain and out—beautifully modera in de- sign, New stainless-steel freezing chamber cannot chip or rase— freezes more ice faster. There's anew door opener, new automatic interior light ing, new adjustable sliding TEN star. feasues in. See them before you decide on any refrigerator. The Monitor i acho Top in the ONE ation. No other mechanism matched its record able, trouble-free service, It alone among makes, is GUARANTEED 4 YEARS against: mechanical failure o Buy your G-E refrigerator at today’s prices. Every, creases . when Present stocks: ave exhausted. A down payment as low as $10 protects you against higher prices and starts the lifetime savings of a G-E in. your home tomer- { row. 1 THE KEY WEST ELECTRIC CO. A. F. AYALA, Sales Mgr. CL SS EI TS EOD ES fst ff | —— SUBSCRIBE FOR —~ THE KEY WEST CITIZEN ULA _what is it ? SII SIISISO SPO IES a 4 ’