The Mineola Monitor (Mineola, Tex.), Vol. 54, No. 8, Ed. 1 Thursday, May 2, 1929 Page: 4 of 16
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THE MIttEOLA MONITOR
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STRAW AND FELT HATS
We are offering a well selected line
of Men's Straw and Felt Hats at at-
tractive prices. Come in and look
them over.
E. D. SCOTT
fflfilUllllllilllll!lllUlliMilllll!lllll!!lllillil[llillllllllllill;i:;,:i;iilllllllllllllll!il!'lllll!il!ll!l!llllllillllllllilillll!!llllilHllllllllllllllllllllllilllllllllllllll!llillllllllli'liiillllljtf
Some Original Ideas 'WANTED: Farm hand. Sid White,
of American Builders Quitman' Texas' Route 4' lp
BANKERS IN NATIONAL MOVE FOR
UNIFORM FINANCIAL PRACTICE
| Would Promote Greater Consistency Among All the St
j | Laws in Respect to Banking Conditions—Uniform-
ity of Practice and Understanding Will Make
for Greater Convenience, Efficiency
and Safety for All Business.
While siding and shingle exter'or j
Rev. J. Harvey Carlin was a vis-
coverings for homes did not strictly i , _ ,, , . _ . ,
originate in this country, being larga- j r Dallas last Friday.
!y modifications of existing methods |
brought over by the early settler- ! Mrs. J. B. Whitten. of Canton
artisans, the availability of the ma- j is visiting Mrs. M. F. Ursy.
terials and suitability to native archi- j —
tectures give houses sheathed in sid- j james Carlin was home for the
Ing or shingles a distinctly American week-end from S. M. U., Dallas,
flavor. :
r. Houses covered with rough hewn
siding boards, or clapboards, and
crudely split shakes, or shingles, di-
rectly succeeded the first log cabins
of the early colonists in this country.
These materials have been refined by
Improved methods of manufacture into
types which are individually appro-
priate to the variations of modern
colonial-architecture and to the archi-
tectures of other countries In Amer-
ican adaptations.
Cedar and pine and other durable
native woods are used in modern man-
ufacture of shingles and siding, which
are frequently stained to enhance
thelT appearance and resistance to
weather. Wood siding and shingles
have Integral insulating value In
themselves, increasing comfort and
fuel economy in the winter nd keep-
ing the house cool in gumma.
Albert Allbright and R. M. Cook j
of Paris were visitors to Mineola
last Monday.
Mrs. Ansley Reitch entertained
the Tuesday night dinner club
last Tuesday evening.
T. O. Ruthledge representative
of Jarvis Furniture Co., of Ter-
rell was oin town this week.
By S. J. HIGH
President State Bank Division, American Bankers Association
RAPID interchange of business and the quick transpor
tion of goods in the United States, coupled with almost
stantaneous means of inter-communication by telegraph, te
phone and wireless, have welded the coun-
try into an economic unit. The nation is not,
in a business sense, conducting its affairs in
water-tight compartments, as in a measure
it did in the days of slow travel and remote
places, but styles, methods, commodities
and business practices flow freely today in
all directions. Therefore it is desirable
that finance, trade and industry throughout
the country operate along generally uni-
form or at least consistent lines, so that a
contract or an agreement or obligation in
connection with business transactions shall
mean virtually the same thing in all parts of
the country. Particularly necessary in this
connection is the establishment of uniform
financial and banking practices so as to fa-
cilitate the flow of trade along accepted and
understood lines.
Banking in the United States is recog-
nized as a semi-public type of business and is therefore sub-
ject to laws to define the scope and character of its activities.
These laws at present set up a great diversity of conditions
ttnder which banking is conducted In &
▼arious parts of the country since
Sd.HlGH
Mr. and Mrs. W. C. Tolbert of
Pittsburg were guests of Mr. and
Mrs. H. W. Meredith last Sunday
Lost one lady's crochet hat, blue
with orange and a band. Return
to Monitor office. Reward, ltp.
Wedding "Gifts" Once *
Held Legal Obligation
By a wedding custom common In
the British isles until the early part
ot the Nineteenth century, the couple
sent out invitations in which pres-
ents were solicited from those who
accepted the bidding. More strange,
these solicited gifts were regarded
In the light of debts to be paid back
by the couple. On the eve of the wed-
ding the groom received at his house
presents of money, cheese, butter and
cattle fromhis friends, and the bride
received*^rmilar gifts at her house
from her friends. An account of each
gift and the giver was kept in writing
by the clerk of the wedding and the
presents then became debts, which In
some cases were transferable or as-
signable to other persons. In other
words these wedding gift-debts were
repayable upon demand at any time,
and upon refusal, recoverable at law.
It was in Scotland, however, where
a wedding became a real business
©vent. At their "penny weddings" of
the last century the expense of the
marriage was defrayed not by the
couple or their friends, but by the
New and used refrigerators. We
will take your old refrigerator in
trade. Fowler Furniture Co.
WANTED: Sewing of all kinds.
Satisfaction guaranteed. Prices
reasonable.—Miss Charm Reed,
phone 255W, 312 W. McDonald, lp
The greeting card and motto for
Mother's Day bear beautiful and
lasting sentiments. They are per-
manent reminders of the love we
noid for our Mothers' hence they
are most appropriate for this oc-
casion. Get them at Brooks Mil-
linery and Gift Shop.
TYPEWRITERS REPAIRED
Cleaned and Put in First
.... Class Condition.
Rates Reasonable
Will call for and deliver.
Special typing and copying
neatly done at hme.
A. E. ADAMS
Po. O. Box 32, Mineola
Notes from Aunt Gladys' Cook-book
All flour may look alike, but all biscuits don t
neither do all cakes taste the same.
Cooking with Gladiola Flour is a real satisfaction.
U
i i
-fv
WV9L
ffmsu4l qualify
GLADIOLA raut
A Soft Wheat flour Carefully Milled for
Color c*® "Purity Flavor
$ The finest wheat grown and the best efforts of skilled
millers go into the making of this fine Texas flour. The
results can be seen and tasted in your baking.
Mineola Grain Co.
WHOLESALE DISTRIBUTORS
they come from both stat« and fed-
eral authorities. The national banks
are all chartered by the federal gov-
ernment and therefore operate on the
same lines In every state of the
Union, but there is no such regu-
larity in respect to the conditions
wider which the state banks chartered
by the respective forty-eight states
must conduct their business. AH state
banking codes, while they have simi-
larities, also have many great dissimi-
larities in respect both to the na-
tional bank laws and the banking laws
covering state bank operations in oth?
•r jurisdictions.
Bankers Move for Uniform Laws
The State Bank Division of the
American Bankers Association, which
latter includes in its membership
banks of all descriptions throughout
the country subject to all the varia-
tions of state and federal banirfng
laws, is committed to the effort to
bring about greater consistency and
uniformity among the statutes of all
these various jurisdictions. This body
is conducting a vigorous nation-wide
campaign urging that active steps be
taken to secure greater coordination
In banking legislation, more equitable
conditions and more uniformly effi-
cient public supervision of banks in
the several states.
The organization is particularly con-,
cerned with fostering this movement
to bring about more uniformly desir-
able conditions throughout the United
States in respect tp the public super-
vision of banking institutions by the
Ctate banking departments. It is on
record as favoring the policy that the
important office of state bank commis-
sioner should be kept as free from
entangling partisan politics as the ju-
diciary itself and should be complete-
ly detached from all other functions
of state government.
It is also on record as favoring the
policy that the tenure of office of state-
bank commissioners should be made
more secure and lasting than is now
the case in many state jurisdictions
and that this important public officer
be granted sufficient compensation
iand discretionary power so that the
office shall attract and retain the serv-
ices of men of outstanding executive
ability and successful banking expe-
rience.
It is also a part of this policy that
the bank commissioner's ability to
serve well should be strengthened by
providing him with adequate forces of
bank examiners, selected on the basis
of merit from men having the requi-
site qualifications of honesty, ability,
training and banking knowledge to
carry out the duties of their offices on
the highest plane of usefulness to the
public as well as to banking.
The Trend of State Laws
The Association's State Bank Divi-
sion has recently concluded a nation-
wide survey of state banking legisla-
tion and conditions and in general has
discovered a definite trend along the
following lines:
There is a distinct tendency among
the states to raise the minimum capi-
tal required for banking institutions
to 125,000 and also to give the bank
commissioners or the banking boards
•oie power as to the granting of char-
ters for new banks, thus enabling
them to use discretion as to the need
or desirability of added banking facili-
ties or the fitness of the org&nizerstd
enter the banking field. In this con-
nection many states are creating
banking boards to act In an advisory
capacity with the state bank commis-
sioners.
There has also been observed a
tendency to increase the compensa-
tion of the bank commissioners and to
lengthen their terms of office and to
fire them power to appoint necessary
deputies and examiners so as to build
op an adequate force to carry out their
responsibilities and duties. An impor-
tant augmentation of the power# e*
bank commissioners In some states is
found in laws giving them complete
charge of insolvent banks and their
liquidation as distinguished from more
costly liquidation through the courts.
In the Public Interest
Distinctly in the public interest are
laws prohibiting or limiting an officei
or director of a bank from borrowing
from his own bank unless his col
lateral security is approved by a ma-
jority of the board of directors of the
bank. Also there is recent legislation
noted providing for closer supervision
and regulation of building and loan
associations, credit unions, finance
companies and private banks.
In some states measures have been
enacted broadening the field for In
vestment of funds of savings banks
and trust companies, which have ma-
terially enhanced the service that
these institutions can render, particu-
larly in the way of co-operation with
their customers in personal financial
management. Another type of legis-
lation, important especially to bank-
ing in view of the frequent efforts to
defraud banks, Is that which makes
the issuance of worthless checks *
misdemeanor with specific penalties.
The State Bank Division of the
American Bankers Association en-
dorses in the fullest degree in princi-
ple the development of banking laws
along the foregoing lines and is active-
ly engaged in fostering the spread of
such legislation wherever its services
are considered useful both to banking
and to the public. Uniformly sound
banking institutions and practices, to-
gether with common methods and un-
derstanding, will materially add to the
convenience, efficiency and safety of
business in serving the well-being of
the public in all parts of the nation,
especially in those transactions involv-
ing dealings between different locali-
ties.
AMERICA LEADS THE
WORLD IN SAVINGS
The past year saw the greatest
gains in savings in a single twelve-
month ever recorded in the United
States, bringing the total savings de-
posits in banks to over ?2S,400,000,000
on June 30, 1928, held in more than
53,000,000 individual accounts, it is
reported by the American Bankers As-
sociation. These are the biggest fig-
ures in this field shown by any coun-
try in the world.
These figures are indicative of pros-
perity more general than any time
since the business depression of 1920,
the report declares. Only three states
faiied to show a gain and the 1928
volume of savings constituted r>r. in-
crease of more than $2,327,000,000
above the 1927 figure. The gain per
inhabitant for 1928 over 1927 was $17
and the gain In number of savings de-
positors was 8,496,079, an increase
of 6.2% as against a growth in the
population of the country of 1.2%.
The gain in savings per Inhabitant
in New England and the Middle At-
lantic states over the previous year
was $36. These groups of states, with
29.9% of the population of the United
States and 52.8% of the total saviage
deposits, have the largest savings rate
$461 per inhabitant, of any area in the
world. The per capita savings for the
United States as a whole this yeaj
stands at $237 as compared with $220
last year.
"An acre of alfalfa for every cow in
Howard County, Iowa," is the slogan
adopted by the county bankers asso
ciation there after watching several
hundred thousand dollars go out of
their county last winter for feed.
fiHiHiiniiniiiimiiniiiiiimtniimwKn—wji
Here We Are, Friends
The New Snapbrim Straw Hat
We have them in Milan Straw- Floran-
tine Straw, Panama and in fact about all
the kinds that are out in the Snapbrim.
They are very nice. A look will convince
you—from $1.75 to $4.95.
Little Boy's Hats Just Like Papa's at $1.50
B. L. Chappell
Homes or Ruilding Lots
FOR SALE
CASH OR TERMS
One mile West of Mineola on Lancaster
Ave in W. Z. English Sub-Division.
I will sell you a house ready built or I will f
take your plan and build to suit you and
I deliver at a specified time or will sell you a \\
choice lot and let you build.
Come out and look around, near the Termi-
nal, yet near Mineola.
0:-:0
Cool and Pleasant.
W. Z. ENGLISH
Mineola, Texas
1
1
?1
Mr. and Mrs. B. A. Brooks spent
the day last Sunday with their
daughter. Miss Dorothy, who is
attending Kidd-Key college at
Sherman.
Mr. M. E. Fowler and daughter,
Miss Dorothy spent last week-end
in Dallas visiting Mr. Fowler's
son.
Spring is here—make your old
furniture look like new. We have
the stuff to do it with—Acme
Paints and Varnishes, keen colors.
Fowler Furniture Company.
Recalling Old Times
and the Stereopticon ,
"What has become of the stereoptl- j
eon lecturer," asked an old Washing- j
Ionian the other day.
"I remember when they used to be ■
popular here in the city and crowds :
turned out to listen to them and to i
look at the slides.
"When he wanted a slide changed 1
he would push a buzzer, clearly audi-
ble to the audience. Sometimes the
operator of the machine would either
be asleep or talking and failed to hear
it
"This necessitated a number of ex-
tra sharp buzzes on the button. We
^ere patient with him, though, even
If occasionally he was describing the
Leaning Tower of Pisa while a pic-
ture of the ruins of the Coliseum was
being shown on the screen.
"Then there was the era of Illus-
trated songs, when a sour tenor sang
maudlin songs about some girl who
lived in a village by the sea. They
were foolishly sentimental things, but
we managed to get a kick out of it.
Of course we didn't have the diver
sions in those days that occupy ns
now. Imagine our young generation
attending a stereopticon performance."
We can't.—Washington Star.
A prize will be awarded the pos-
sessor of the most antique fiddle
at the City Park Auditorium Old
Fiddlers Contest, Saturday Night,
May 4th, Winnsboro.
All lovers of fiddle music are
invited to attend an Old Fiddlers
Contest to be held at the City
Park Auditorium, Winnsboro, Sat-
urday night, May 4th.
Resting place, chairs, ice cold
water and lots of music. Listen
to three of the best records on
the market??? Fowler Furniture
Company.
Mr. and Mrs. W. C. Hager this
week moved their household ef-
fects from Longview to Mineola.
Mr. Hager is mechanic at the
Mineola terminal. They are oc-
cupying one of the new bunga-
lows just completed by Mr. Flynt.
A Harmonica contest that will
be interesting and entertaining.
Any lady, man, boy or girl is
eligible for this contest. Best plaj
er will be awarded a big box ©1
candy. Old time fiddlers contest,
City Park Auditorium, Saturday, j
night, May 4th, Winnsboro.
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Carraway, R. H. The Mineola Monitor (Mineola, Tex.), Vol. 54, No. 8, Ed. 1 Thursday, May 2, 1929, newspaper, May 2, 1929; Mineola, Texas. (https://texashistory.unt.edu/ark:/67531/metapth286106/m1/4/: accessed April 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Mineola Memorial Library.