New Britain Herald Newspaper, April 13, 1923, Page 12

land other banks of Georgla on the ground of want of equity, and its*ac- tlon was approved by the court of appeals, In Supreme Court, When this case reached the su- preme court, that court took notice of some of the charges made by the Georgla banks, The opinion, written by Justice Holmes, referred to meth- ods which it was asserted the Fed- eral Reserve bank of Atlanta intend- od to use to force the Georgla banks | to cash checks at par, giving most attention to the declaration that the Atlanta reserve bank intended “to ac- cumulate checks upon tho country! banks until they reached a large amount, and then to cause them to! the efforts of the federal be presented for payment over the banks throughout the country to com- ., nter op by other devices detailed pel banks to pay at par checks drawn ¢, require payment in cash in such ! upon them, wise as to compel the plaintiffs (the | Particularly among what ar * (ieorgia banks' to maintain so much monly referred to as country * cash in their vaults as to drive them | it has become the practice to charg® | ,,¢ o¢ husiness or force them, if able, a commission or “exchange' for re- . guphmit to the defendant's (federal mitting funds to clearing banks 10 ,.qapve bank's) scheme,” the payment of checks drawn upon pointing out that an action would | them by depositors. The practice 18|, aaainst a man who through “dis- said to have brought the banks €ON~ | {nterested malevolence” caused a run | siderable income, and for that rea-|yoon g pank and ruined it, Justice son they are strenuously contesting yroimes stated that “a similar result the position of the federal reserve {r joge complete in its effect is to be banks which would cut it off. expected from the course that the | Some banks have come to the re-| jerendants are alleged to intend.” | llef of the banks indulging in the rye gupreme court concluded “that | practice by enacting laws which 1,0 {pjted States did not intend by would authorize its continuance. This | tyq4 (the federal reserve act) statute | was the case in North Carolina. When |, canotion this sort of warfare upon | the federal reserve hank at Richmond, |yagitimate creations of the states,” Va., declded to extend its “par-clear- ,nq it sent the case back to the dis- ance” into that state it encountered | {trict court to be tried on its merits. opposition from the Tarmers and Dismissed Complaint, Merchants hank of Monroe and 111 gfter such a trial the district court other banks. The federal reserve bank | .ptered a decree dismissing the com- | at Atlanta, Ga., had o similar €X-|pjaint of the Georgia banks, and the | perfence with banks i t state, fifth cireuit court of appeals affrmed Banks' Defen 3 | the degree. Thus the Georgia case is The North Carolina banks defend-|j,ck in the supreme court for the | ed themselves under the act of 1921 gooond time, where it has been joined of the general assembly of that state |,y the North Carolina case. Because | which authorized banks and trust|ot the importance of an early deci- companies to charge a fee for Te-igjon the two cases have heen. ad- mitting funds in payment of checks|yanced for oral argument on April drawn upon them. The state courts| It is expected that a final deci- of North Carolina, however, held the | gon will be handed down at the state law unconstitutional on the precent term of court. ¥ | ground that it was in conflict with The federal reserve banks declare | the federal reserve act, and that it|(ha two cases are regarded by them contravened the legal-tender provi-|uag esgentially test cases,” and em-| sions of the federal constitution. Iphasize the importance to business| The United St ct court for|generally of having their position sus- Northern Georgia without going into tained, pointing out that while in| the merits of the controversy dis-|ijdivdual instances it may not be of | missed proceedings brought by the puch moment whether a small com- American Bank and Trust company | | mission or “exchange” is charged by {the bank upon which the check is |drawn, it is of material importance |to know when checks upon banks not | members of the federal reserve sys- | |tem accumulate in large numbers whether the full face value of the checks will be reccived: Should the | |small banks be permitted to charge ! “exchange” for cashing checks, it will | be necessary, the federal banks de- clare, for business houses to adjust themselves accordingly, and either 1require their customers to pay the| cost of collection or increase their prices to cover it, FEDERAL RESERVE OPPOSES DISGOUNTS Officials Making Good Fight to Compel Banks o Pay at Par Value 13.~—Bankers, | and com are al outcome reserve ‘Washington, April bank depositors, busir mercial concerns genera deeply interested in th of In the afternoon stretch between meals there is often felt the need of re- HINERS AND SCIENTISTS e Tyl | UNTE 0 SOLVE PROBLEN :It‘uming cup of fragrant Lipton’s | g0 Goal Atr and Dust lncrense{ a. Tt will go to the spot as nothing else vill—and there’s no“‘come back’” except the ¢‘come back formore.”” ‘Toget the full benefit of freshness, flavor, and aroma, be sure to use LIPTONS TEA Largest Sale in the World Hazards of Spontaneous Com- | bustion. Pittsburgh, April 13—Fine coal dust | and moist air quickly increase the hazards of spontaneous combustion, ! |according to scientists of the Carne- |gie Institute of Technology and the| | Pittsburgh station of the United | States Bureau of Mines, who have |been carrying on investigations lere |with an advisory board of coal oper- _lators and mining emgineers, Another conclusion set forth is that mixing freshly mined coal with old coal does not develop any more heat | than that derived from coal plledl separately. A third conclusion is that most of the alloys available for use in coal mine equipment are corroded exten- sively by the acid waters in mines. Brasses containing zinc corode rap- idly, while bronzes containing tin cor- | rode more slowly. Cupro nickel and | nickel-silver alloys have about the same resisting power to the acids as the brasses. These reports mark the first mile- | stone in the serious efforts of the coal mining industry to stabilize mining in co-operation with an educational in- Developing and | stitution. Printing | — L - 10 HELP P ENMIGRANTS Ou'r 200,000 Jewish Women Will Be> Represented at Conference to Be Held in Vienna May 6 to 13. New York, April 13.—Over 200,000 | | Jewish women will be represented at the American-European conference of | Jewish Women which is to be held in | Dizzy Spells, Hot Flashes, ~ May Be Signs of HighBlood Pressnre’ + Reduce it with New Guaramteed Discovery often have you heard friendscomplait dizzy spell? Thh is a.symptom of high blood pn.ux“::‘h‘n: pha !!n rm‘mlmt ears, sudden hot n!um B lzg:r lhnlb thlt d Bia biood m“‘"." i ity wsally ional derangement of !he vlul : ‘elimination. Poisonous wastes are 7 T ‘lfll absorbed intothe h‘!‘?ofl I rebullding powers: ; is calied upon to l\;d:r and 1 are ant mdnofimfidnnwudenduch mm well-known physician lat 2% Pl ly discovered a ne' uhod of treatment that eflemulgrn ing in A m\— o( nOUS ¥/ VV e ll'!rl bih lth - most at once. wide JOHNSONS’ PHOTO Now is the time to have those good negatives enlarged 69 ARCH ST. Opposite South Church n-of ure Thu you have huh loms; dizzy apel ringing in t nmhit-on. do not hevluae to lry B.l -A-LIN. -‘ ?BI-A-I.IN _FOR HIGH BLOOD PRESSURE The Clark & Brainerd Co,, The Dickinson Drug Co., Mnlllnmukl and | Vienna May 6 to 13, according to Es- With smhrt mannish For Utility, Sports, See some of these Coats in our Show Window Now on Display New Elastic Girdles Wrap Around Corsets for Spring WONANS JARPAREL SPECIALTIES Exceptional Values in WOMEN'S LEATHER HAND BAGS Now being offered at $1.98 $2.98 r. == NEW BRITAW i R st Extraordinary One Day Event! Tomorrow:— . Motor wear Specially Priced No wonder these adaptablé garments are so gen- ally favored. for aside from their comfort, they lend themselves perfectly to present costume lines. Priced from— $2.00 0 $7.00 1 ru Special One Day Va.uy%r SILK JERSEY (Bodice Style) Sale of VESTS $1.88 each Flesh and Orchid Sizes 38 to 44 Inclusive Have You Seen or Heard About the New Sell-correcting stamping nat(em‘s'.’ If not call at Art Dept. and let our Salesladies | Colors:— explain them to you. telle M. Sternberger, national execu-| tive secretary of the council. The conference will consider the possibilities ef remedying the condi- tions reported by the council's field workers in Europe by providing bet- ter hotels for emigrant women and children on their way from one coun-| try to another, and by securing em- | ployment for those who are detained for an indefinite period in European | citles. . H PLANS AMERICAN HOUSE. ‘Warsaw, Poland, April 12.—The Polish-American Society of Warsaw is planning@to erect here a Polish- | American house, wherein the Polish- American society and chamber of | commerce will be located. The house | will have living rooms for American | Unusual Shirts delegations visiting Poland. — AGENTS TO MEET. Cleveland, April 12.—A huge dis- play of merchandise and materials will be held in connection with the eighth annual meeting of the Na- tional Association of Purchasing Agents here on May 15 to 18. Prac- tically all of the 4,200 members are expected to attend. FOX'S STARTING SUNDAY JACKIE COOGAN He'll Steal Your Heart Away With His Fiddle and his Smile. IN “DADDY” and Neckwear at Unusual Prices in the Men’s Department on at— the Main Floor Begse Lelands One thousand, two hundred and fofty Neckties of remarkable quality Fancy stripe, Woven 98¢, Madras, regular shirts that sell for $1.50— $L17. Very fine Muslin Night Shirts 90c eack. Silk Plaited Socks—all colors 75¢. poiret twill — serge — tricotine We Offer Two Unusual “Specials” New Spring COATS “Wonderful” is the only way to describe such a Coat Opportunity. Hardly two coats alike in this assortment. Many are lined throughout. "$12.98 $16.75 and $18.75 values each (At above price we include a few clever Capes also) Don’t Fail to See These “Specials” Misses’ and Women’s Sizes in Each Offering CLOTH DRESSES $1098 $16.75 — $18.75 — $19.98 values navy — black — brown Materials:— G. F. C. Co.—Adv. No. 13763 col. x 126 lines m Nash Leads the World in Motor Car Value NASH New Sport Model Four Cylinders * $1195 /- 0. 4. factory On our fl 007! For a few days we're planning a special exhibit of this new Nash Four Sport Model: It's a fascinating car with a wealth of equipment and performance qualities that are literally a revelation. Nash, for instance, has endowed the motor with still greater power, and yet lowered the economy of the car’s operation. And a score of other fea- tures reveal a similar advancement. Your early in- spection is invited. FOURS gnd SIXES Prices range from $915 to $2190, f. o. b. factory A. G. HAWKER 52-54 ELM STREET