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Show V- -r THE MURRAY EAGLE, MURRAY CITY, UTAH, THURSDAY, SEPTEMBER. They Have Gone to Seek a "Dream Island" RADICAL MURRAY FOLKS CHANGES i What's TRANSFORM BANKING Commission Sees National Changing Opinion on Branch Issue Studies Banking Group and Chain Banks. 4, 1930. l I that ? By O. Jay Kingston SOME TOOTHACHE MEDIC arse from IT DEADEMS The an' mm : I wiluya. Dash Sonn - of nerves STOPS The Pain- T - -- I'M fAE.JiM? IT ON Gonna get a when spanking GET AN WArd i if 1 HOME, I 1 ! YORK. Modification of the attitude of bankers on the long disputed branch banking question la forecast in a review and report covering rapid changes going on in banking Issued here by the Economic Policy Commission of the American Bankers Association. The report, however, after referring NEW to recent proposals that national banks be given branch banking powers within the business territory surrounding their location, declares that "we do not believe that 'trade-area- ' branch banking Is likely to gain the support of any large percentage of the banking fraternity." The commission says that the M. F. Bromley, wealthy paving contractor of Cleveland, Ohio, ami his party ahoard the famous Arctic ship I'eary "most important development that Mr. Mexico. Brum o on which they have galled from Boston In search of a "dream Island" off the western coast has affected American banking In ley dreamed of this sunken Island und later believed lie located It from an airplane. In the photograph he is seen recent years Involves the rapid a cape coat wearing growth of multiple banking organi sations in the form of group, chain and branch banking systems," and adds that "we present this report las an unprejudiced economic study and have no theories or policies to urge at this time." The state ment says that the commission's Information Indicates there are now 269 group or chain bank systems. which control 1.922 banks and $15.- ES5.000,0t'O in aggregate resources, and that there are only six states and the District of Columbia where it does not find any group orga Be prepared for every emergency with stand; ird comfort ac cessories in your medicine chest. The reliable drugs we u ffer the carefu service we render and the pleasing prices we ask have persuaded folks it profits them to come here. 1 Dr. Rauscher's Remedies Murray City Pharmacy d xx. ut.it LIU. Lava From Vesuvius in Its Destructive March The Commissioner' Investigation "We have been in touch with the managers of many important bank groups," the report says. "Aside from the obvious economies of centralized operation and control a number of these organizations beads very frankly tell us that they do not feel that the system has been in operation and tested long enough to justify tbem In making positive or sweeping statements as to its advantages or disadvantages compared to unit 3 1 I 5 1 1 devasta- Front of a river of hot lna moving slowly hut Irresistibly from the crater of Mount Vesuvius, leaving house. a .o devour U about torrent The llou In Its wake. Sophomores Are Now Permitted to Wear Smocks it "The Banking and Currency Committee of the House, which Is conducting an investigation Into banking developments, has called a number of operating beads of tome of the great group systems. These men declared that they found, under certain conditions, definite operating and economic ad vantage In both aroun and branch banking over Independent unit Some thought group banking. banking was only a transitional staee. that branch banking was nreferable and if it were per muted- - on an extensive enough scale they would change their groups over to branch systems. Others held that group banking was preferable. 'Some held that the Ideal plan was a combination of the two with stoud bank units for localities strong enough to support complete and wltn banking Institutions hranch offices extending further into the smaller nlaces reaulrlng bank ing services but not large enougn to suonort complete banks. Several Of these who advocated multiple banking declared that nevertneiess thev believed there would always be room tor vigorous Independent unit bank competitor. Government Officials Exprsss n Arelhappy days here again? Ask Bill Hooper (rigl.t), Chevrole dealer at Ellcnsburfj, Vahipf;toii (left). E:1I is built for him by h'w father. At the lc.t is one cT vhe r:T Chevrolet is noted for its guoline ccor.cn:. , il C:t:i.: 1::M h 120 miles to the gwllou. Su:r.:ncr v.c;.'.!cn is ";" ' it- - mi son o Harold Hooper, t.hv-yccr-ol- d will deliver I . whe'I ci his "Chevrolet," a'.n.t K: While the big j t.-.d- L ii's ?:, c!:." i err, v' Jch il'. OF Views Ik I 1 ' it re "The Comptroller of the Cur-rener recommended that national banks be given branch banking The powers within 'trade-areasGovernor of the Federal Reserve Board appeared to be In general agreement with the Comptroller. He iiald there were I4.S4S banks and 3.547 branches, a total of 23, 1M banking offices; that In this total, 6.353 offices were either branches or bank members of groups, or both, leaving 21.839 banking insti school of of rennsylvatila nliotiHiren and Juniors of the University i ..!,! ,,.iu.n the .i... tutions that mum be definitely room. , ..... ,., ii, .i. n.m i. ml rmsiiieiitl now have the rlnht to wear unlocks In the drafting ., . . termed Independent unit banks, from the rarrl! th clasa, Leli.g sophomore Marvin S.hadel of llilil'urg. fa, president of The i.tcluw having no branches and In no way connected with group affiliations. battlefield by his triumphant classmate. He said sll the banks bad total loans and Investments of 58.B00. 00,000, of which the group and branch systems held 130,000,000,. 000. or more than half. "Ha oDDosed nation wide branch at present but said that banking - . " ., r" i? became ultimately If bankers trained and experienced In the larger technique of trade area banking he thought It would In branch time evolve nation-widbanking under control of relatively few banks, but he did not believe this would mean monopoly or lack of competition. He favored branch over grouo banking which, how. ever, he said represented an eco trad. nomic development along r a' lines and would spread unless something else were substituted branch and thought 'tradearea banking would serve this purpose. "it Is the Intention of the Com- mlMlon to develop Its own studies In these Question, walch carefully every move that Is made and every hit of Information that may d. telop In this connection and keea Itself prepared to give an unbiased and arrurste statement of the raru of the case whenever that Is de sired," the report concludes. .!, ww Navy's Air Fighters Ready for Maneuvers ""7s . .. . .i ..:.. n. Uvn ar 10 trim craft Mowing to UpMlng squadron a w m maneuvers. for rst b,ach nf ll. Naal Air station at Ban I'lego k.nl. Kl- Thi irori llnrd UD CO ill Ride In safety on heat-resistin- g Cavaliers," sold at prices that defy competition ; ; tniooth road . . . high fpeed.;.BANG! A blow-ou- t t Ro.d death on tim . . . UNLESS you're riding on tirci made to overcome tbem. Goodrich made Cavaliers for that pur-poGave 'em hutktness in every detail . . . and the itrength to Hand up under hih speeds, bad roads, quick stops and all the other punishments modern tires meet. day r. SPECIAL TRICES And yet . . . believe it or not, these tires cost Ics than tires of Just ordinary quality, They defy competition . . . even the catalogue we have sizes for all houses. Come in sixes for trucks. four and cars ... paenger op (D dm. (Bin Cavalier H. W. Posteher Service Station 3903 South State Street Phone Murray 53 |