Ogden Standard-Examiner | 1923-05-18 | Page 1 | Labor's Second New York Banking Venture Launched with Million

Labors Labor's Second New York Banking Venture Launched With Million guw YORK TORN May By 18 The I Associated Press Labors Labora Labor second ventur In banking banking- In New NewYork NewYork York City was dedicated today nt at atthe th the formal format opening of the Tedora tion Bank at ILl Thirty-fourth Thirty street tr and Eighth avenue The new institution jointly or- or organized organized or b bi the th Central Trade and Labor council of this t city and the state stat federation of labo labor starts tart with nn an authorized capitalization of 51 1 tl and according to Its of- of of officer ricers fleets a a million stockholders Two other oth r labor banks fo for which charters have hav been applied wilt will bring the th number In this city colty to fou four alt all launched thi this year and nd the number In the th United States State where thre three year years ago aco there ura ure none non to 23 21 Ther is Ii a Brotherhood Invest Invest- ment company at Cleveland Clevland with s capital of which fin fin- fin finances In ances noes business and for oth other r ur urion Ion groups and the th Z 2 2 Coal RIve River Collieries known as ns Tire ThO Mine With a 5 Soul which dire diri and ond transports fuel to the th homes home of un- un unIon onion un union ion men ins Now Nw there her ar are banks bank In opera operation tion tien or authorized In many i Including Spokane and Los Lot AnSI AnSI- Ant les lea q