New Britain Herald Newspaper, June 9, 1925, Page 15

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BRANCH BANKING USES ADVOCATED VietGor. Platt of Federal Board Outlibes Melhods | Washington, June § UP—The fssus | # branch banking as against bank-, Wwg \a small uolte was drawp here, foday by Vies Qovernor Piatt, of the | Pederal Reserve Board, who advo- 'sated wider uwse of branch banking for what he sald was its “funda- mental safety” to depositors and sommunitie: s an ess prepared for deliv- fore the tional aseociation dit men, Mr. Platt argued that greater use of branch banking would restrict banking fallures which he declared had been more frequent among the small institutions. Legal ourbs around operation of branches he sald had proved ‘‘unfortunate’ in countless instances especially in rural communities, “The great number of small bank fallures,” the speaker declared, “ac- eounts for the fallure of business to respond as it should have responded | to the favorable influences that have been evident for the past ten months These small banks failures are still oceurring at the rate of six or eight a week, and there have been 274 | of them since the first of January ! down to and including May 15. “We must have larger banks, | management and large enough to spread their risk over a variety of industries and over a considerable | territory. Unless we are to subject | many people llving in small com- munities or in rather thinly settled agricultural convenlence, this means af least | some branch banking. The adfempt | to provide banking facilities to small communities, and particular- | ly to communities where the dom- | nant Industry s agriculture, by | means of small Independent banks | has proved a fallure, as at every| previous period of agricultural de- pression, “The effort to safeguard the de-| posits of the people in these small | banks by means of guarantee of de-i posits, undertaken by several states | after the panic of 1907, has also | proved a failure. The only remedy | Jeft 18 branch banking — not neces- sarily on any very large scale as in Canada, but on a scals large enough | to serve people adequately and safe- Mr, Platt asserted that in recent | years every business of any conse- quence has been compelled to carry accounts in New York, Chicago, Boston, Philadelphia, Kansas City or other banking centers, the ex- planation being given that the| “home town” banks were not large enough to provide the financial as- sistance needéd, The growth of agri. | culturmd cooperative assoclations | into organizations of immense she.‘ he sald, has forced them, also, to| g0 to the big banking houses where business is national. Against these, the speaker de-| scribed small home institutions| | otate which put “too large A proportion forged by slreumsiances to make of their loans t triet and fuaredy becoming de- pandent vpnn them. Thus, he added, & dusiness ‘allure s Mkely to pro- Auoe i Dhank fatlure as well, ‘The Iarger percentuge of recent fallures, Mr. Plaiy said, was among fnstitutions and he belleved 1t was evi from this that Arger banke wonld duce the number of crashes, Na- tional banks, generally, he sald, are iarge and consequent!y have been more able to weather financial storms. It should be evident from he added, that the national anking laws should be amended so that none could be organized with a capital under $50,000 as com- pared with the present minimum of $25,000, Reverting to the relationship of agriculture and small unit banking, ane or two ind Mr. Platt asserted that the 763 banking fallures In 1924 had come at a time when the agriculture in- dustry, with which most of them did business, was on the road to re- covery. Chinese Seamen El-n Dock Hands in Their Strike Shanghal, June 9. (A—The situa- tlon created by the strike of dock workers has become aggravated through the decision of the Chinese seamen to join the movement, Three hundred men on six privately owned | coastal and river stealers walked out last night, and other lines report difficulties with their men. Thus far ocean gomg vessels are banks large enough to afford good not affected but the Japanese lines | 00 o7 are contemplating replacing thelr Chinese crews with their. own na- | tionals, Dock work has been almost sus- pended by the dockers’ strike. Only a small quintity of cargo is being territory to great in- |moved and that slowly, as the Chin- | cargoes have closed. ese banks and firms financing the or the bo/ii[a;) EE the mighty mountains of this great Park — its 4,400 square miles embracing a greater number of moun- tain peaks than any similar area. Here you will find the vacaticn thrills you seek. Explore skyland trails, on horse, in motor car or afoot. Swim in pool or lake. Play golf or tennis at Jasper Park Lodge, where 350 guests are 2ccom: dated with 12 % materlally re- | W. J. Gllkerson, Gen. Agt. Pass. Dept 333 Washington Street, 201 Province Bldg. NEW BRITAIN DAILY HERALD, TUESDAY, JUNE 9, 1925 e e W "~ AMERICAN VL §0 Says Senator Fess in Ad- dress Today | — Washington, June 9 (P—A “manla | for legislation” (hreatens to become the serious problem ‘in American politics, Senator Iess, republican, braced.” Citing the agriculture department | as an example of the “enormous | growth of bureaucratic government | in the last ®vo decades,” Senator| Fess reviewed its development from a few employes to the present en- rollment of nearly 20,000, engaged In activities which last year cost $360,000,000. The last congress | alone, he said, added 14 important | activities to the government which | | were “all strongly urged by the agri- | | cultural interests.” | The Farm Question, | “Today we are told jongress has| been derelict in its duty to thk| ' the epeaker continued, “A { commission after months of survey |reported suggested rellef. This | proposal held mainly to the sound,| view of meeting an economic resulf | by an economic remedy. This did not appeal to that portion of the | country which believes In substitut- | |ing = legal. for an economic plan, | | type of resort hotel service ($6.00 up, American plan, open May 15 to September 30). From Jasper, journey to Prince | Rupert, thence by Canadian | National Steamer to Alaskaor * | Vancouver, and back by rail to Jasper—1.800 miles of entrancing travel in this famed “Triangle Tour.” Ack for tourist fares, rescrt rates | ard bookletz, Boston, Mass. Whether deposits. -guarantee yourself a ‘‘real” vacation next year! It is easy to make certain of that won- derful vacation so long planned. for seashore, ou | . foreigntravel—you can acc..nulate $25to $1000 by laying aside 50c to $20 weekly. Join Our Vacation Club Now! No red tape. It only takes a few | minutes. You'll hardly miss the weekly ntain or Saturdays 6to 8 P.M. remedy, to fix values, bushel of wheat will be worth just | what Unele Bam might dacree, no| matter, throughout thd world." U Advocates of price fixing still er- | roneously cite the transportation act as an example of government action | |along that line, Senator Fess saic | when as a matter of fact there wa nothing in that statute beyond au- | {thority for the Interstate Commere |Commission to “permit a rate t They assert that a what the amount ralsed Scoffs at Price Fixing Social Wolves COLLEGE MURDER and 1t was therefore rejected for|ceivable ills. Long ago the govern-| What methods the students would !wur, according to the Belglan newa. |meet the chamber of deputies & week e the sake of the farmer, ment ceased to be an Institution to| pursue in their attempts to unravel papers. The.names of the ministers, |from today. i “What they want 18 a ready-made |be served, but rather an agency to|the puzzling clrcumstances sur- | foUr of whom are of the Catholic s They resent the idea that |be sought for favors.” rounding the crime were not re. Party, four soclulists and two non Compressed ald operates a new the powerful government is impotent ~ vealed, although it was understood P&rty, will appear in the official type of locomotive recently bullt in that among the hundreds of young men and women attending the uni-| versity, one youth was under close survelllance by both authorities and | classmates, | | quest into the killing and has ex- amined a number of students and Louisiana Students Also Hunting | other persons” connectea wien the Slayer | college without making recom- mendation adjourned last night but wil resume the inquiry tonight. Ohlo, declared in an addbess pre- | A : The slaying, marking (he first pared for delivery today to the ””‘h‘;?:g.::{.xm Sl IR S Rouge: La, June p ey, | QLR OE e AR wesk jof the) prosent |annual c.nn\cnllfm of ‘thn Natlonal | "oy e treatment of the economic | forts by police and detectives having | ° holastic term, has upset the entire ‘Aatufu‘lulmn of Credit Men. proposal for farm reliet discloses the IR iiad a0 fantta solve e hystaricns institution despite efforts to con- “The danger ls not alons In the | quiichy B 00T 0 ORI (on [ axe Killing of Onear B Turner, in. | Unue classes and examinations. mere number of laws enacted or at-|or (hy gay the Ohlo senator as-|structor in agronomy at Loulslana IR tempted,” the speaker sald, "but also | op0q —uy “gliows the e of | State university, students of the| CABINET NEARLY COMPLETE [litha chariotar,of (N8 DrOPOSAM modern thinicng; - The ,,..Z{‘ has| school of agriculture foday began| Brussels Belgium, June 9, (P— | e 'l':":',f':“:,n;:"' dyesien a‘:" been fed up with the belief that in|an Investigation into the slaying on | Viscount Poulet's cabinet is complete | p,.:; o palitioal ‘[‘s\m’ & ems |congress lles the remedy of all {‘0"-1 their own initlative, |with the exception of the ministry of 1 Wherever young folks congregate, in schools, at business, in places of amusement, social wolves hunt, singly or in packs. Read the story of Helen Saunders, beautiful high school girl; it is true, all except the names which of necessity had to be disguised. What happened to her should be a warning to young and old alike. NTIL she reached the age of seven- teen, Helen never gave her parents a moment’s worry. When she went out in the evening, they knew where she was and who she was with. Then Zan Thompson, a senior in high school, began paying her attentions. He flattered her girlish vanity. He made himself as fascinating to her as he could. Soon she was a different girl. If ques- tioned she became sullen and rebellious. Her face took on a furtive, secretive look as though she were hiding some- thing. Pleading and remonstration had no effect. Disregarding her mother’s warning she continued. to meet Zan Thompson at every opportunity. One fateful night the blow fell. Helen failed to return. All night her parents waited in despair not knowing where she was. Then as dawn was breaking they heard the street door open quietly and a soft step in the hall. The story of Helen Saunders, the manner in which she fell under the in- fluence of Zan Thompson and the devas- tating result of that association is told in True Story Magazine for July under the title “Saving Helen.” The following letter from Helen's mother which accompanied the manu- script of “Saving Helen” gives you some idea of the depths of sincerity and earnestness in the hearts of the men and women who bare their souls for the ben- efit of mankind in True Story Magazine, Editor of True Story Magazine—‘‘En- closed you will find a story true in all incidents, changed only in names and lo- cation, and the fact that instead of the one girl I have two other children. I haye opened my heart towrite this, with a hope that it may halt some other girl who finds herself drawn away from the home circle by the same influences met at school or in social life. Perhaps the result of this story maydraw back anotherwho has just placed her feet on the downward path. In any event it goes from me to your office with the great desire back of it to help weak humanity in some way. You may feel that my sympathy has not been wfficienl}y warm for the erring boy. I feel bitterly sorry for him, and was able to help him in a way that came unexpectedly, but I feel that his term in the Reformatory will be his salvation. Something had to be done to soften the shell of his mature criminal indifference to law and decency. If he can be helped then I amready to help him, but he can never again touch my child. Trust- ing you may find the story acceptable, I remain,’’ Sincerely, Don’t Miss These Other Intensely Absorbing Features in July True Story: “BrokenVows” —If youdiscoveredthat your husband had a secret love affair with a younger and prettier girl—what would you do? Learn how the wife in this story solved the problem. “Danger Signals”—When Jack failed to provide the luxuries his wife craved — she tried to satisfy her resent- ment by encouraging the atten- tions of other men. Had she known the peril she was invit- ing—but read what happened. “Blind Innocence” —June married Charley Shattuck—little dreaming that he would quickly tire of her, and seek his plea- suresamongrowdy friendsinthe cabarets, What happened as a result will grip you like a vise. Other Startling Stories in the July Issue: “A Society Woman's Story” “The Vengeanceof Starlight” “When Youth and Age Mate” “Playing with Fire” “A Soul's Redemption” “When Man Loses Faith” “TheCheat” “JealousMen” “The One Woman Man” “Fires of Revenge” “The Day of Reckoning” '[ri“fe a guai of others. cost them m hearts an Dream World True Romances 23rd, 18 days after True Story. True Detective Mysteries ventures in the world of detectives—also published on the 15th of every month. “TrueStory is aGodsend” To the Editor of True Story Magazine: Ignorance may be no excuse in law, but it isin life. Parentsshould tell their sons and daughters of the pitfails of life, but many of them do not. That is why Isay your mag- azine is a Godsend. 1 only wish that every father and mother, every son and daughter could read it. Then this would bea 1 don't know any- thing you could do to make: True Story Magazineany better, It is hard tosay thatwe enjoy readingof others’ misfortunes, butthey offer the readers \derived{rom the experiences different world. 1 hope that my family and 1 can always read True Story. 'm sure we will all profit in doing so, the stories ring true, stories that are close to the hearts of their writers, secrets that they are ashamed of, mistakes that h, written from their that some one, somewhere, in this tig world of human ignorance may read andlearn. Yours very truly for continued success in educational stories, souls, Jack Cosh, Box 115, Dugger, Ind A Macfadden Publication publishes TRUE STORIES in the form of beau- tiful, appealing love stories—issued on the 15th of each month, 10 days after True Story. contains TRUE STORIES exactly like those in True Story Magazine—published on the The Crusade of Truth When Bernarr Macfadden began publishing True Story Magazine, it marked the birth of a crusade against evil, sinand vice such as the world had never known. True Story has as its main purpose towarn against thefatal but often natural human errors that wreck the bodies, blast the souls, and destroy the lives of young and old everywhere. And time has proven beyond the shadow of a doubt that its material method is successful and its ideal of human service right, Today, after only six years of publication, its two million monthly copies are read by ap- proximately six million clear- thinking, far-seeing, courageous men and women. Inall that time, not one word has been printed in its pages that any clean, healthy, unprejudiced mind could take exception to. Never in True Story Maga- zine is sin or shame or wrong of any kind painted in any but its Storva Magatine is a magazine of TRUE STORIES of exciting ad- Jour Thursday. The new cabinet is ICED "SALADA" T E A B is 80 simply and cheaply made — yet is the most refreshing summer beverage known,—MakKe some today,, Italy. Because of this, it can rum expected to |over flooded tracks. ugh the gloom, and there n stood my child, her starting from their sockets.”’ nd. | peered thro in the grey of early —From ‘‘Saving Helen"’ in True Story for July true colors, never is it glorified or made to seem anything but what it really is—sin, or shame or wrong—and as such to be shunned and avoided. To make sure that True Story accomplishes the gredtest possible amount of good, for more than a year every story ap- pearing between its covers has been subjected to the exacting scrutiny of a-supervising Ministerial Board composed of clergy - men in active charge of New York Parishes including Episcopal, Methodist, Presbyterian, Catholic and Hebrew creeds. No story that does not teach a powerful moral lesson can possibly escape their vigilance and finda place in True Sory Magazine. So far as we are aware, no other nationally circu- lated magazine has ever gone to such an extreme in guarding the moral quality of its contents. If you are not now a reader of True Story Magazine begin at once with the current issue. The July nume= ber may be had at any newsstand, The price is only a quarter. Get your copy today. Use This Coupon If You Cannot Get True Story at Your Newsstand TRUE STORY MAGAZINE 64th Street and Broadway, New York City t Special Offer. 1 enclose $1.00, for which ailing list to receive.S issues of True Story uly number. If you prefer to examine the magazine before subscribing simply mail ue 25 cents and we will send you one copy of the July issue at cnce.)

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