Newspaper Page Text
FEBRUARY 14, 1936
WOULD PROTECT ' RANKING FIELD IN RURAL AREAS American Bankers Associa tion Would Combat Return of Excess Number of Banks CITES LAX CHARTER POLICIES IN THE PAST Finds a Chief Cause of Bank Fail ures Was Too Many Banks —Existing Sound Banks Serv ing Communities Weil NEW YORK, j— Existing sound banks, especially the small banks in the rural districts which are serv ing their communities well, should be protected from any return of the over-banked local conditions caused by former lax chartering policies, which were mainly to blame for the unfavorable failure record of the past, says the Economic Policy Com mission of the American Bankers Association. This is brought out in a report covering an investigation by the commission of bank failures and chartering policies. “The Commission’s study gives an impressive revelation of how great a part mistaken public policies in the chartering of banks played in creating the unsound banking struc ture which finally collapsed with the Bank Holiday in March 1933,” Robert V. Fleming, president of the association, says in a foreword. “Over-production of banks, liter ally by thousands, over many years in the face of insistent warnings not only from bankers and others who reedgnized the danger, but even more so from the mounting records of bank failures themselves, is clearly shown to have constituted as a whole one of the greatest single economic errors in the history of the Nation.” A Recurrence Feared He refers to fears of a recurrence of over-banking recently expressed by Federal banking authorities, to the powers given the Federal Deposit Insurance Corporation by the pro vision of the Banking Act of 1935 over the admission of banks to mem bership in the insurance fund, to strengthened state laws and to the policies now being followed by both national and state supervisory au thorities aimed to safeguard the na tion against over-banking. “But sound laws and conscien tieus officials are not of themselves always sufficient safeguard in any field of our complex national life un less they have the active support of public opinion,” he adds. “It is the purpose of the American Bankers Association to aid in marshaling public opinion in support of both na tional and state supervisory authori ties in their efforts to strengthen and protect the banking structure.” The Economic Policy Commission summarizes its findings as follows: I “The facts show a distinct causal relationship between the ever-char tering of banks and the abnormal bank failure conditions that pre vailed from 1920 to the bank holiday in 1933. It is desirable that studies be made on the basis of experience to develop standards governing the number of banks. “Such a study would embrace the question whether banking facilities can best be supplied to the rural dis tricts by small unit banks or by branches from banks of substantial capital in larger centers. Existing sound banks, which are serving their communities well should be pro tected from any return of the over banked local conditions caused in the past by lax chartering policies. Banking Officials Queried “An inquiry among state com missioners shows a preponderant opinion against increasing materi ally the number of banks, coupled with the fact that present laws give them sufficient discretion to prevent a repetition of errors of the past. “Under prevailing abnormal con ditions, with the Federal Government extensively exercising loaning pow ers in competition with the banks, and with industry itself so largely supplied with funds as to render it to a great degree independent of normal bank borrowing, the banking struc ture even with its present reduced numbers, finds it difficult to support its existing capital investment and operating personnel. “These are new factors, intensify ing the need for highly prudent and restrictive chartering policies. We urge the retirement of the Federal Government from the banking busi ness as normal conditions warrant.” RELGIOUS SNAPSHOTSS. By J. M. Walker It was a red-letter day to man when he realized he had a conscience. You will never get to Heaven until your soul ov erflows with love. Love is the only power on earth that is stronger than the devil. If it is not true love, it is not love. Hell covers all the terri tory that love does not cov er. You cannot remain a Coolidge Is GASMINDED / Service extensions are bemg made daily. Con * See your local Hardware dealer or Plumber tract with your local plumber or hardware - ; : dealer for appliances and we can give you im- for appliances. .. We give immediate service, mediate service. Gas Is More Economical _ m SASsr M. A. Moody Cool for "the hot days—best heating for the “Helping to Build Coolidge” winter. babe in Christ, and do the work that God requires of a grown man. If you don’t like the w T ay the devil is doing things, get God to help you stop it. If you are depending up on God to wipe out all your sins, after your body is laid in the clay, you are going to wake up in hell. If it takes “long faces” to be religious, a mule is the: most religious thing we know of. ! See Hobby Agency Read all the ads —it pays CLASSIFIED ADVERTISEMENT WESTING HOUSE ELECTRIC - RANGE, good as new r . Will sell at half price. WC. Ketchersid. ts MEN WANTED for Rawleigh Routes of 800 families in South west Yavapai and North Yuma Counties. Reliable hustler should stort earning $25 weekly and in crease rapidly. Write today. Raw leigh Dept. ARB-15-S, Oakland, Calif. FOR SALE —Slightly used elec tric drill, 1-2 inch. Price $35.00. See John G. Carter at Grasty’s. WANTED MEN to grub trees (mesquite) for the wood. Apply Chandler’s store. 2tc TRAILERS FOR SALE— -1 heavy 4 wheel, 1 light 2 wheel. Coolidge Welding Works. j Town and farm property for; sale. Hobby Agency. HUSKY, QUALITY CHICKS of SPECIAL MATINGS: White Leg- j horns, R. I. Reds, Barred Rocks and Austra-Whites, $ll.OO per 100. Replenish your flock with these PRODUCTION BRED CHICKS. All flocks blood-tested for B.W.D. Alive delivery guaranteed. Ship ments prepaid. JOHNSON’S O. K. CHICKERIES, 1233 E. Van Buren, Phoenix, Ariz. Loans on crops and live stock. Hobby Agency. Keep advertising and advertising will keep you. jjMMj COMMUNITY CHURCH E. M. Ward, Pastor Sunday school, 9:45 a. m. Morning worship, 11:00 a. m. Junior Endeavor, Intermediate Endeavor, 7:00 p. m. Evening worship, 8:00 p. m Woman’s Auxiliary, Ist and 3rd Thursdays of each month. Teachers’ study hour, Wednes day, 7-8 p. m. o CHURCH OF THE NAZARENE W. L. Dicus, Pastor Sunday school, 9:45 a. m. Morning worship, 11:00 a. m. Rev. Hess will conduct both morning and evening services Sunday. Every one welcome. FIRST BAPTIST CHURCH C. F. Frazier, Pastor Sunday school, 10:00 a. m. Message 11:00 a. m. by pastor. B. T. U. 6.30 p. m. Message 7:30 p. m. by pastor. Brotherhood Monday 7:30 p. m. Tuesday, Sunbeams, 4:30 p. m. Wednesday, Prayer meeting 7:30 ! p. m. Thursday, W. M. S. 2:30 p. m. Saturday, G. A. 2:30 p. m. We are getting a fine lot of building material on the» Church | lot, and an offering was taken at ! the evening service Sunday, for j the building fund, which amount ed to $235.00 in pledges and cash. We hope to start construction work again soon, and go right on through to completion with it. A hearty welcome extended to | all to come and worship with us. o COOLIDGE MtIHODIST Glenn t. smiley, Pastor Church School, 10:00 a. m. Morning worship 11:00. Sermon by pastor. Epworth League, 6:45 p. m. Evening worship, 7-45. Friday, Woman’s Missionary Society pie social. Two 1-act plays by Y. P. Interesting program for all. Feb. S —Saturday night—“ Dan Cupids Hospital’ party for Y. P. at the church. Charley Elledge is making the cement brick for the church, and they will be laid in the next few days. Laundry Bring your work to the HOME LAUNDRY for Best work at Best Prices Mrs. Berry, 1-2 block east of jail ! B. G. LETZRINGI ! REAL ESTATE \ ’ !' \ Loans ( ji \ Rentals j| | Insurance ! NOTARY PUBLIC ji JEWELER WATCHES DIAMONDS SILVERWARE Quality Jewelry—Nothing Else. Watch Repairing Liberal Trade In on Your Old Watch H. N. SHELLER Jeweler r~ ii iriyffaMMMW———i HAY FOR SALE Ist, 2nd & 3rd Cuttings DAVIS THE COOLIDGE EXAMINER TRINITY FULL GOSPEL MISSION L. A. Lumbard, Pastor Sunday school 10:00 a.m. Morning worship 11 a. m. Evening worship 7:30 p. m. Worship and Bible Study, Tuesday, 7:30 p. m. Evangelistic service, Fri day, 7:30 p. m. All are cordially invited to these services. TOWNSEND BOX SUPPER A SUCCESS J. Roberts The Townsend Club met last Tuesday evening and appointed committees for the entertainment and even ing refreshments to be giv en at the convention that will be held at the Coolidge R. N. REED Plumber is equipped to service your house with Gas. PRICES RIGHT GASA GRANDE BAKING COMPANY FRESH BREAD AND PASTRIES DAILY DELIVERY PROMPT ATTENTION TO ALL ORDERS ■■■HBBB B3BBBBSBSJ fllfiir n«nSS2E?2CTr] Coolidge Folks! When You Come to Pheonix g S FORD LEVY FURNITURE CO.! February Furnitnre Sale BUILD A HOME : In the Select Location in WEST COOLIDGE The Desirable Place I FOR HOMES | Lots at Reduced Prices while they last, on Fair Terms. See W. JACKSON, Owner j Grammar school Feb. 29. Every member and com mittees are doing their part to make this convention a great success. Last but not least was the brox supper. Every lady, brought a box of good eats. There will be a meeting every Tuesday at the Gram mar School auditorium and j everyone is invited to come. o FOR SALE Practically new 12 quart National Pres- j sure Cooker. A-l condition with all utensils and attach ments. Complete. Cost new $27.50. Will sell at half price. Appy Examiner Of fice. ’ Now you can enjoy more frequent contact* with members of your family living elsewhere . . . with the folks hack home . . . sons and daughters at college ... far-away friends. Call them Sundays or any evening after 7 p. m. i ALL STATES BANQUET GIVEN WOMAN’S AUX. COMMUNITY CHURCH An all-states banquet will be given Feb. 25, by the Woman’s Auxiliary of the Community church at The Valley Church Manse. Guests will be grouped by sections. The states have been arranged in six sec tions—Northeastern, South eastern,, South Central, North Central, Northwest ern and Southwestern. Each i table will symbolize their j sections. Prizes will be awarded the hostesses of the most appropriate and attractive table. The guests of the Home State, Arizona natives, will I Eat at J ’ Case... We serve the best Steaks Your Favorite Way ONE SLIGHTLY USED ELECTROLUX 9 GOOD AS NEW EASY TERMS FHA TERMS For Sale at Real Bargain. See it at BILL McC AY’S | I ilil'l'HWl—— MEET YOUR FRIENDS AT Bob’s Place NEW BRICK ON NORTH MAIN ST. _ __ __ __ MODERN RECREATION PARLOR First Class Case in Separate Apartment Special Booths for Ladies and Gentlemen BILLIARD AND POOL PARLOR Fine Wines, Liquors and Cigars I SERVICE AND QUALITY We Show Our Appreciation I ROCK GAS STOVES FHA TERMS See Local Agent BILL McCAY I | COOLIDGE WELDING WORKS Electric and Acetylene 9 Welding. I Portable Equipment L. L. McKinley, Prop. PHONE 160 E. Harding Ave. Coolidge be especially honored—also the guest being farthest from his native state. A program will be given throughout the evening from 7:30 to 10 p. m. A prize will be given for the best joke or story on one’s Native State. The ticket reservations will be in charge of the Hos pitality Committee. The dinner will be served at the convenience of the guests from 6:30 to 10 p. m. A chicken dinner will be erved' for 50c. L plates for children. A prize will be offered for naming an original quilt —about 4000 pieces. All state flower quilts will be on display.