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Show OORRIERE DAM ERICA SALT LAKE CITY, UTAH Supply Ship for Byrds Voyage to Antarctic Washington. With the recent appointment of Walter J. Cummings of Chicago, and E. G. Bennett of Salt Insuring Bank Deposits ,Bkp a of the taiurd, new Federal Dejiosit Insurance corporation formailj has taken shape, and the second big step has been made toward another experiment In national government, namely, the Insurance of bank deposits of prlvnte Individuals and corporations. Nothing like It has ever been attempted on so vast a scale as Is now bring worked out for the banking act of 1933 was the firat national law ever to carry provisions for guaranteeing deposits. Of course. It does not become operative until next January 1, but many tasks remain to be performed before this new piece of federal machinery Is ready to run. Because It Is a new thing and because of Its complicated character. It seems better to outline again what the deposit Insurance proposes to do. After January 1, 1934. each and every deposit amounting to $2,.7K) or less Is automatically Insured If the bank In which that money Is deposited has compiled with the requirements of law. Since those requirements are highly technical and quite complex for a lay man to understand. It may suffice to say the law demands that the hank be absolutely sound and thnt It have suf flclent assets thnt It can pnv off depositors 100 cents for each dollnr. If a bank cannot do thnt. the law authorizes the hoard of the corporation to refuse to admit that hank to mem bershlp, and when that happens, It seems to me, the particular hank may as well close up shop. Few persons will leave their money with It longer than It takes to withdraw It. I have been speaking of the temporary Insurance provisions, for there Is a permanent Insurance act that takes effect July 1, 19111. and then the amount of deposits coming under the protection of the Insurance fund will he much larger. After next July 1, any depositor's account amounting to 10.000 or less will he fully Insured. In the next category, all of the account up to JIO.ikio will be Insured and 7.1 per cent of the amount above that figure until the total Is If the total Is greater than $10,000. $10,000, the first $10,000 will he fully Insured, the amount between $10,000 and $10,000 wUl be 11 per vent Insured, and all alune $.KM'oO will he 50 per cent Insured. The theory Is that this protection will make It cor tain none of the depositors will he seriously handicapped should the hank close. The hulk of the depositors will he paid In full within a very few days after the hank falls, for the deposit Insurance fund will have money with which to do It. The Deposit In snrance corporation will take over the assets of the bank, liquidate them and get as much of Its money back as possible, after It has pnld off all depositors. It Is to te remembered, however, that those with large accounts may have to wait awhile to get their money, for part of those are not Insured. ""T'T While the Federal Deposit Insurance corporation la a federal agency. It Is In fact owned Banks Put hy the banks themTh,'v hBV Up Money to put up the money. The law requires that each bank becoming a member of the cor poratlon must pay Into the fund a sum equal to one half of 1 per centum of the deposits that bank has. That will make several hundred million dol lars available and the supporters of the Insurance plan claim the total will he large enough to last a long time before another assessment will have to be made upon the banks to replenish the fund. Thnt. of course, Is open to question. Only time can tell whether the Bind Is sufficient. Nor can anyone know now how many hank failures there will he In the future. If there are few, then the drain on the Insur ance fund will be small and, conversely. If there should he a selge of failures such as we had In the Inst several years, anybodys guess Is good as to how long $C 10,0 10,000 will Inst In pay lng off depositors. All of the national hanks, that Is. hanks which have received charters from the comptroller of the currency In the treasury, must be members of The law makes that the corporation. certain. Then, all of the banks op grating nnder charters given hy their respective states and which are members of the Federal Reserve System must be members. That Is In the law. too. But there are some eight thousand state banks which are not members of the Federal Reserve System. IVith them, membership In the corporaIf they choose to tion Is optional. seek membership and all of them must or face withdrawal of deposits they must pars the examination that the law provides. There Is where the rub comes. The examination will be strict. The banks can't bone up" for that examination. Their assets must he sound, they must be as large or larger thnn the total of the deposits, and they must he able to show that tf their depositors are Insured, the corporation can sooner or later get the money back which It pays out to those depositors. It Is wel known that It takes an - ppwipii irun average of about seen yenrs for a hank that has failed to wind up Ita affairs. That necessarily means that depositors will get their money hack, or whatever part of It that Is suved from the wreckage, In driblets. a'-k- s Secretary Wallace and his farm adjustment staff are now talking In terms of a blanket of all agreement Milk ? Production "'7 cootr the milk 1 production of the nations herds. Such a plan Is almost complete. It Is about to he adopted by the secretary as the only way to avoid unending tangles over the milk production problem in a thousand milk sheds for ns many cities. Ten or fifteen of these agreements, loeal In character, have been worked out. but the secretary holds them to be mere stopgaps. They are not applicable generally, and If there Is to be a solution for the milk problem It must be worked out on a national basis, the experts tell me. The secretary's Ideas about control vf milk and butter produetlon directs attention to the situation In the dairy It must be remembered, industry. first, that mtlk Is the most perishable of all commodities. Butter can be, and Is. stored, but It cannot he held Indefinitely and remain marketable. In the second place. It be must remembered, that production of milk and butter has been on the Increase In the last few yenrs. The rate has been so rapid that the American production of butter Is slinixst to the point where exports will have to take ploce and, of course, the milk wars" have shown what the situation Is as regards the distribution of milk. It Is true, according to authentic statistic, that more and more cows are being added to the dairy herds. This means Increased production of milk at a time when the markets are able to absorb no more, I am told that there will be more milk cows In this country next Jnnunry I thnn ever before In history. Thnt Is ominous. At present, as I pointed out. there Is a small annual Importation of butter. The fnct that the production Is not quite enough for domestic consumption makes the tariff against Imported butter effective and one of the results I that the price paid for the milk and for the butter are raised. But once that production reaches the point where there Is need for exportation of some of the surplus, the level of prices In this country Immediately will conform to the world level of prices and that level Is lower than ours. So Secretary Wallace says there ought to be some general agreement wherehy this cut throat competition can he checked. It Is cut throat competition when every dairy fanner Is adding to his herds and rushing his production faster and faster In order to get the available markets. Cv nm till m b'"or Bad Bankers" NwwIf Colon. A huskily built colored man wearing a hat is a familiar figure to New Yorkers and visitors. Ue makes his living by selling snakes and has been in that business for the last 10 He works all over the city, years. picking up dimes down in the financial district, uptown and in Harlem. Ue does a lot of business among his own race In Harlem. Some believe his snakes are lucky. Others believe they tiring had luck. Tha first buy them for charms for themselves. The second buy them to give to enemies. His snakes aren't real. He makes them himself, whittling out the pieces and doing a two color paint Job. To customers, he tells a tale of learning the art of stringing pieces of wood together so that they wriggle while dostretch fer drunken ing a driving. Privately, he admits thnt that Is merely a bit of color to speed His up the snake selling business. name Is Jim Dixon and he came here Hence the hat, from Dallas, Texas. which co.-,-t him $10 In Fort Worth. it When the Banking Act of 1933, with Its Insurance provisions, was under consideration In con- Good and gress, there were nents. They were accuses of being spokesmen for the hankers whhh obviously they were and the accusation was hurled at them because a good many hankers were In disrepute. But many observers here have held the opinion that the Invectives, when the opponents were called hanker spokesmen, were unjustified, because there have been good bankers as well as bad hankers, Intelligent banker as well as dumb ones, In this country. Besides where would we be without banks. The sponsors of the Insurance system dwelt long and loudly on the beautiful theory of deposit Insurance. It Is nothing, afler all, but plain old guarantee of bank deposits, and It has an Intensely practical side that must be discussed If anyone Is to undew-stanthe full Import of the experiment upon which we are launching. From the atnndmlnt of most bankers, It Is claimed that they are being made a goat by congress. They point to the failure of guarantees tried out In half a dozen states, and how those states In time abandoned the Idea. The states found the plan too expensive. been use It proved too big n burden on the stale treasuries. In the current cne, the burden Is going to fall on the hanks, themselves, and most of the hankers obviously are kicking about It. that They advance the argument they are being made responsible for dumbness and crookedness on the part of dumb or crookvsl hankers. What does that type of hanker care," the sound hanker, whether he runs his hank on a sane basts or not! If he guts the hank, the Insurance Bind (lays the depositor, and we pay the Insurance Bind through assessments when the present fund Is exhausted." And, It Reems to me, there Is merit In their argument. Every one hopes, I believe, thnt the Insurance fund ran be mnrte to work, hut not every one Is convinced that It can be successful. The element of human fallibility Is a factor against which no legislation can be drawn. It will bo an Interesting thing to watch for those who are Interested In the general problems of government. Lights of New York k rs ilt IT: E. Byrd has about completed preparations for bis second expedition to the Antarctic. The will he his supply ship and has Just been scraped and painted at Travis, Staten steamship Pacific Fir, snown above, Island. necessary to even grease the Iron again. Be careful not to have It too hot, for If you hum a waffle It means arduous scraping to get off the burnt Most waffle Irons call for a mtter of five to seven minutes. Electric Utensils Make Prepara- preheating To get pack to griddle cakes, which are even easier to prepare than waftion Easy. fles. remember that the type of cake depends largely upon the amount of By PDITI1 M BUI BER baking powder used. If you want a Sunday supper Is sometimes i tie best very Huffy delicate cake, stir In an exmeal of the week It Is a most elastic tra tenspoouful after the batter Is type of meal ; sometimes It will bp just mixed and ready to bake. Even If I tea and toast In front of flip fire, per use sour milk or buttermilk for gridhaps some marmalade for good meas dle cakes, I like to add a leaspoonful ure, sometimes It Is cocoa and toast of baking powder. If you have batter, Griddle cakes anil waffles are also either griddle cake or waffle, left over, Sunday supper dishes particularly since the advent of the electric grill more baking powder should he stirred In before using It at another meal. which the griddle may be put upon Speaking of tintters, the waffle batat the tnhle. and the electric waffle ter should he thicker than the griddle Iron, which makes sociability possible cake hatter. If you like what Is known between the hostess. as flannel" cakes, make your batter a new Just word about tempering a about ns thick as heavy cream. For waffle Iron Be sure to follow the di tin tiler, lighter cakes make It a little reel Ions about greasing It and heating thicker Waffle batter should be like It, which are attached to the Iron. If a very thin cuke batter. It Is known this I done the waffles will riot stick as a pour" batter, as It can be poured even for a first one, nnd It Is un without the stream breaking from the pitcher to the Iron, A pitcher Is conBRAKES ON venient for either cakes or waffles. They will be more even thnn when a tablespoon Is used to fill the Iron or drop the cny s, ynd there wilt be fewer drops ot hatter to clean from the Iron or fable. Spoon Cornbread. 1 cup cornmeal 1 cup boiling water 1 teaspoon salt 1 tablespoon sugar 1 egg i teaspion soda or sour nnlk 1 cap buttermilk 2 tablespoons melted butter But the meal Into a bowl and pour the boiling water over. Cover. Let Staylate I always pay as I go. Miss Weary Your creditors have stand until cool. Add salt, sugar and beaten egg Dissolve soda In butter my sympathy. out a sound. quarters. t milk and add to the batter. Mix well Add melted butter. Tour into a deep greased Puking dlah snd bake In a moderate oven (371 degrees Fahren minutes. belt ) thirty to thirty-five Griddle Cakes. 3 cups flour 514 teaspoons baking powder lla teaspoon salt cup sugar egg cup melted shortening 2 cups milk Beat Mix and sift dry ingredients. egg. stir In melted shortening, add cup milk and heat half a minute. Add rest of milk and stir In dry Ingredients all at otioe. Drop by spoonfuls on hot griddle. Cook on one side until full of bubbles, turn and cook on other side. If cakes seem too thick, add more milk. 1 14 Waffles. powder teaspoon salt rabbit is his favorite dish (Although hes very fond of fish!) And sometimes, every now and then. A a fat wild turkev lien. And people see his tracks, you know, In southern swatnps and mountain snow, And write hig yarns about bis deeds That no uie person eer reads! A.1 Am, p. f Jean Servian I as "down in t lie dumps, everybody knows, is to be sad, depressed, disconsolate, dejected. Strange, is it not, that this word with such significance, should he yet not so strange after all, when Its story is known. For. we have the line after the fact thnt one of the meanings of the word "dump," though It is not so used now. Is a reference to a melancholy strain or tune in music. Shakespeare, in an impish moment, has one of his diameters cry out: Flay me some merry dump I BE Because be looks so much the same. by Th WNU Scrvlc To Be Down in the Dumps So bay lynx is bis proper name. 1 Rd! Svnillcate Jlrj Northern hir; Hell catch 1933 Msw Si Sia?Jed He has long whis hers neath bis chin. Just like his larger. Vollaud Company WNU Bervc-- -- The smell of peppermint Is most obnoxious to mice. A little oil of peppermint placed about their haunts will soon make them look for other . And bobcat suits him, you'll agree. Because bis tail is bobbed, you see. My Teighbor Says: r Always prepare your jars, placing rubbers on before you start canning. There will then be no delay when your fruits or vegetables are ready to be put In jars. cup melted shortening cups milk Mix and sift dry Ingredients, beat eggs, stir In melted shortening. Add milk, then dry Ingredients all at once. Beat until smooth nnd hake in a hot iron about five minutes. round; WNU Service 1933. Bell Syndicate If you wish to keep your meringue light, add one teaspoon of water after the sugar Is beaten in, or add a pinch of baking powder while beating. I1,a Ue slips along with- I TEASPOON ot salt and a dessert spoon of lemon juice answer the same purpose as salts of lemon for removing iron mold from linen. It Is not poison and will not prove Injurious to the linen. 1 are soft anil The other day, an organ grinder stopped out In front of the house and I.a Marseillais," played a lively air. exclaimed May as she threw down a La Marseillais." redime. Out, turned the musician showing a fine set And didnt he of denial equipment. play It through three times more Im wondering what the 124 other families in the house thought. A 3 eggs rriIE The snake business has Its drawbacks. The worst is flower pots which drop from window sills. When Dixon first came here, a stick fell out of a third story window, hit hint on the The Baileys at the Fair 214 cups flour 4 teaspoons baking bobcat's paws Always something to make It tough to keep at a task In New York. For Instance, right at the moment, down below in Forty-thirstreet, there Is wild music a violin throbbing, cymbals crashing and now and then the thumping of a great drum. Instead of New York it seems like the steppes or the mountains of Hungary, and as I write I vision swart, black eyed men and dark, lithe women. And the darned street is so narrow that only seven floors up I can't see whats going on down below I e SUNDAY SUPPER BEST OF MEALS AMERICAN ANIMALS doffs his hat and the organ man, with a grin, grinds out a merry tune. The children dance and the monkey, with what looks like a smile, hops about the top of the organ. s J-fr- iS Rear Admiral Richard ' By L. L STEVENSON 1933 Roll Syndicate. head nnd brought a temporary end to He thought the the snake business. Yankees had It In for him. I.ater, he learned it was an accident. The worn-awho had caused it apologized and he was so pleased that he gave her an eight-foo- t snake. lies not afraid of real snakes. But he doesn't care for Down In Texas, as a jokp, elephants. he handed an elephant a plug of tobacco. The elephant couldn't see the joke. Then a white man told him elephants remembered wrongs for 20 years. Recently, up In tl e Bronx, while he was selling snakes something thnt looked like a piece of dirty rope reached for the demonstrator. Seeing that It was an elephant's trunk, Dixon tqld his feet to do their duty, the tobacco incident having taken place only 15 yenrs ago! When the snake business Is bad. he tells for-t- t nes and preaches. n Shrill screams coming from a small sedan being driven down Broadway at the height of the morning rush hour attracted the attention of pedestrians who suspected that a girl was being two policemen kidnaped. Finally leaped on the running board and the driver brought the car to a stop. Immediately, a menacing crowd surrounded It. Then it was discovered that the screams came from a crate. In the crate was a big, green parrot all packed for shipment to Chicago. The policemen got off, the crowd fell back, and the driver proceeded with a very red face. Street scene. Tenement children grouped about an organ grinder on Delaneey street. Atop the organ, a wizened little monkey In a gray uniform. The monkey extends a battered tin cup to the children and a couple of pennies drop Into It. The monkey 1933. by the Associated Newspapers) WNU Service Locomotive, War Hero, Scrapped by the British London. A battle-scarre- British d war veteran and prisoner of war, with a travel record of more than 1,220,000 miles, has just passed away. This hero was Locomotive No. believed to have been the only British railway engine to have been captured by the Germans. It has Just from service and been withdrawn broken up. While in use on the British front at Cambral In 1917, No. 2717 was captured by the enemy and for five months was used as a machine-gupost In No Man's Land. Following the March retreat the Germans removed the engine, patched up the bullet and shrapnel holes, and used her for railway service until she was recaptured by the British in 1918. On return to home duties after the war the engine was decorated with a plate recording Its war service. 2717, n OUT OF STYLE Do you believe the thoughts of young men turn to love and poetry in the spring? If I may judge from my own observation, I should say that young men never stop to think at all. Foreign Legion Fighting in Morocco WNU Service Junk Shop Removed From Man Stomach SL Gnllen. Switzerland. A mini- ature junk shop has been extracted from the stomach of a man arrested here recently for theft. When taken Into custody he was so ill he was taken to n hospital. My stomach." the man moaned, pains me." A doctor operated. He found: Two broken silver spoons. A safety pin. A wood screw 1 Inches long. Two sash window fastenings. Five pieces of Iron 2 Inches long. Two nails. An X ray. taken after the operation, showed several other metal objects remaining. Detachment of the French Foreign legion defending a rocky fort a the Atlas mountains In Morocco In the struggle to conquer the wild tribesmen C |