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STRONGER BUSINESS
AND STRONGER BANKS
By F. M. LAW
president American Rankers
A ssocialion
fXURING the crisis when confidence
eJ wns shattered, bankers were prop¬
erly concerned in liquidity. Their main
thought was to
prepare to meet
any demand for
withdrawal of
funds. They were
more interested
therefore In col¬
lecting loans than
in making them.
For this they can-
not be Justly;
blamed. It was a I
proper procedure. |
Now that con-
F. m. i .aw fidence has been
so largely re¬
stored banks will naturally resume a
more normal lending policy. This does
not mean they will or should extend
loose or unsound credi . but that in the
Utmost good faith bankers will per¬
form their proper part in recovery by
a sympathetic and constructive atti¬
tude in the making of sound loans. Nor
should commercial banks mako capital
or long time loans, for the reason that
their loans are made from funds de¬
rived from deposits payable for the
most part on demand.
When the return of confidence is
further on its way. business men will
find need for credit in making their
plans. Then good borrowers, who for
the most part have been so conspicu¬
ously absent from the market, will re¬
turn. They will be warmly welcomed
by the banks.
Buiinefci Men's Fears
Business men have not yet laid all
their fears. They worry about what
Congress may or may not do. They con¬
cern themselves about a trend toward
control of business by government.
They fear taxes beyond their power to
pay. These are real sources o. worry
and when they are reassured along
these lines they will be more inclined
to take a fresh look at the future and
to make plans to go forward.
As a matter of fact there are tangi¬
ble evidences of recovery. The Federal
Reserve Board officially has stated
that prices, wages, business activity
and production were back to the high¬
est peak since early in 1931. Commer¬
cial failures in the United States are
being cut almost in half as compared
with the same period last year. It has
been reported that the decline In ex¬
port and import trade was definitely
checked in the middle of 1933 and re¬
placed during the last half of the year
by a substantial recovery movement.
Among favorable factors is the Im¬
proved condition of the banks. It is
doubtless true that the banking struc¬
ture of the country has never been in a
sounder, stronger and more liquid con¬
dition than it Is today. My authority
for that statement is the Comptroller
of the Currency. No longer is there any
fear or thought of bank runs. Deposi¬
tor* once more know that their money
is safe and the banker, thrice armed in
the knowledge of his own strength, is
looking forward.
Training for Bankers
The American Bankers Association
has been active for many years train¬
ing young men and women in order
that they may be duly qualified for the
business of bunking. Standard courses
are furnished with able and experi¬
enced teachers. This work is done un¬
der the direction of the American In¬
stitute of Banking Section of the asso¬
ciation. Over two hundred chapters, or
local banking schools, are in active
operation throughout the country and
thousands of the younger generation
of bankors are being graduated each
year. These students are taught not
only banking practices and policies,
but they are also welt grounded in the
highest Ideals and standards of busi¬
ness ethics. A proposal is now under
consideration to establish a central
school, which will offer advanced or
graduate work to a selective list taken
from those who have completed the
standard courses.—F. M. Law. Presi¬
dent American Bankers Association.
Bank* Repaying Loans From
R. F. C.
Although banks and trust companies
have been the largest borrowers from
the Reconstruction Finance Corpora- j
tion, they have exceeded all other I
classes of borrowers in the rapidity of
their repayments. Since the inception
of the It. F. C. in February, 1 932. loans
bave been authorized by it to 7.0S0 |
banking institutions in the amount of
11.995.000. 000. Of this sum 1-142.000.000 !
was not taken by the borrowers, the
actual Repayments advances being 21.553.000.000. |
against these advances
'
through April 30. 1934. aggregated
1925.000. 000, or about 60 per cent. The
ratio of repayments for all classes of
borrowers has been only about 37 per
cent. These rapid repayments by the
banks are taken by competent observ- i
«rs as a strong indication of returning
normal financial and banking condi¬
tions.
Bankers Finance Scholarships
The American Bankers Association
Foundation for Education in Econom¬
ics has since Its establishment in 1928,
awarded 354 college loan scholarships,
the total loans repaid in that period
being 2262,000 and the amount now
outstanding 286,900. The total invest¬
ments of Its funds are 2540,000.
.Don't borrow—Subscribe,
Budgeting Beans
U) rS WANS are so rich in protein
that they can often l>e used
as a main dish. }lut in titese
days it is a good plan to budget
even so inexpensive an item as
beans. Here are a couple of re¬
cipes, with their approximate
costs, which will enable you to
serve and enjoy this substantial
food at foui^fl^ple sligli^txpense. The first
serves ^^Pv-five at a cost of
less than KtiWW"(l cents.
New Stuffed Tomatoes:
Cut the stem end from four large
firm tomatoes and scoop out the
centers. Dust inside with salt
and pepper. Stuff with the con¬
tents of a No. 2 can of oven-
baked beans, and hind around the
outside with a strip of bacon,
holding it together with a tooth¬
pick. Top witli four tablespoons
grated cheese, and set in a hot
oven for from twenty to twenty-
five minutes.
Inexpensive Croquettes
The second recipe can be served
to four people at a cost of about
thirty-five cents. It is
Boston Bean Croquettes with
Cheese Sauce and Bacon: Mash
the contents of a can of oven-
baked beans, add one teaspoon
chopped onion, salt, pepper and
one and one-fourth cups soft
crumbs. Form into croquettes
and roll in fine crumbs, then in
one slightly-beaten egg, and again
in fine crumbs. Let stand at least
fifteen minutes, then fry in deep
fat (390 degrees) until brown.
Serve garnishhd with four slices
of bacon and the following
Cheese. Sauce: Melt one table¬
spoon b utter, add one tablespoon
flour, and stir smooth. Add seven-
eighths of a cup of milk slowly,
stirring until smooth and thick.
Add one-half cup jjrated cheese,
salt, pepper, owfia and a Tew
grains of mustSLftUnd cook until
the cheese is n»;3d.*
-o--
STOP HEADACHE
IN FIVE
A Remarkable New Fornfula
Aches and Pains in a Few
Minutes Like Magic
Thousands of men and women
are today stopping headaches as
■well as the sharp pains of rheuma¬
tism, neuritis and toothache with
A-VOL.
A-VOL contains no harmful
drugs. A-VOL is being prescribed
by thousands of physicians, den¬
tists and welfare nurses because
of the quick, efficient way in
it relieves all types of pain with¬
out depressing the heart or
ing any other harmful effects.
■A-VOL is especially effective in
Women's period pains as it quickly
relieves the nervousness, pain, irri¬
tation and depression. Many nurses
and doctors in factories, telepnone
offices, department stores
shops use A-VOL daily.
Just step Into your nearest drug
store and get a package of A-VOL
for a few cents. Take a couple of
tablets right there. If your pain is
not gone in five mirutes the clerk
will return your money. If your
druggist can not supply you, send
25 cents for trial package to D. P.
C. Laboratories, Holton, Kansas,
-o-
“POWER OF THE PRESS”
IS SHOWN BY RESULTS
OF SOUTH-WIDE SURVEY
When the investigators of The Agri¬
cultural Development Bureau of Th*
Barrett Company were making their
recent study of conditions in the South,
they decided to look into the news¬
paper situation as well as the farm
aituation. And the results, which have
Just been announced, were mighty
pleasing to your editor.
Out of the hundreds of farmers in¬
terviewed by The Agricultural De¬
velopment Bureau, only 16 out of 100
did not have their local newspaper at
home. Florida was the one and only
Southern state where every farmer
Interviewed had a newspaper.
The survey gave your newspaper
another boost. Hundreds of agricul¬
turists and fertilizer dealers were
asked what they thought is the strong¬
est influence in the rural home today.
Newspapers won by far.
The Agricultural Development Bu¬
undertook the survey for two
To get an accurate picture
Southern conditions after a year of
the New Deal in order to plan the
program of American nitrate of
and to see in what new ways The
can best assist the farmer to¬
“quality crops.”
No. 4
DADCOUNTY TIMES: JUNE 7, 1934.
ANNOUNCEMNTS
For Congress
1 hereby announce as a
for congress from the 7th
district, subject to the
primary September 12th. the If
1 pledge support to
policies of President Roosevelt
the Democratic administration
loyalty to the citizens of this
T. E. CLEM MONS.
For Represent a tive
To the Voters of Dade County:
I hereby announce my
for re-election to the office of
sentative in the General Assembly
Georgia, subject to the action of
Democratic Primary to be held
tember 12, 19.34.
In making this announcement I
appreciative of the responsibilities
cident to the office at this time.
the people of the state groaning
der the burden of taxation, and
teachers and employees unpaid
their services for as much as a
term or longer in many sections,
well as many other critical
as they exist today, 1 realize that
General Assembly of Georgia for
next term should be made up of
and women ready and able to
erate in solving these problems.
1 do not believe in
people in public office, this but desire
remind the people of county
in the two terms I have held
county I have served only 130
and if re-elected 1 will have
only l'<0 days. It is also true
-tv association with other
formed during these terms will
me advantages in drawing
assignments and otherwise
ing the duties of this office that
not available to a man of less
ence.
1 tender my past record as
representative as a merit for
tion, and I respectfully solicit
vote and influence.
Respectfully submitted,
J. M. C.
YOURV1SION
Of *11 the senses, vision heads the
list in importance to man.
We depend upon our
EYES
every waking moment. The goal of
education, business and industry is
based on sight.
OUR OFFICE
is close at hand, with good highways,
buses, railroads and automobiles.
Harris & Hogshead
OPTOMETRISTS
For Appointments Call 6-7545
Chattanooga, Tennessee
Count On Corn
~\7 OU can count on corn to make
Y a hit at any meal in this
country. Corn-on-the-cob is a
great American dish, and stewed
corn ran it a close second in pop¬
ularity until creani-styie corn in
cans took its place by making all
the labor of scraping the corn
from the cob and then cooking it
unnecessary. Modern housewives
just open a can and heat the con¬
tents. confident of a delicious re¬
sult.
There are ways, too, of combin¬
ing corn with other vegetables.
Here's a recipe for one of them
that costs iittie more than twenty
cents, and will serve three or four
people.
Carrots and Corn O'Brien: Melt
two tablespoons butter in skillet,
then add half a green pepper,
shredded, and half the contents of
one flat can of whole kernel corn.
Sautd five minutes. Add the
drained contents of an S-ounce can
j of diced carrots and one table¬
spoon chopped pimiento, and sea¬
son to taste. Continue cooking
until a golden brown.
A Devilish Good Dish
And here’s a devilish good dish
in which corn is combined with
meat. It will serve four people,
costs less than thirty-five cents,
and is known as
Deviled Corn Scallop: Mix to¬
gether tw r o cups canned corn and
the contents of a 2%-ounce can
deviled ham. Season to taste
with salt and pepper. Pour half
this mixture into a buttered bak¬
ing dish, sprinkle with a few
crumbs (you will need half a cup
of them in all for this recipe),
add the rest of the corn mixture
| and Cover pour in one-third cup milk.
with the rest of the crumbs
to which two tablespoons melted
butter have been added. Bake in
a moderate— 375 degree—oven for
thirty minutes.*
m
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I
Don’t Stew This Summer
■p'vON’T I) summer. stew over After the the stove cold win¬ this
ter we’ve just been through
the summer season is bound to be
long and hot, and, besides, stew¬
ing over the stove has become
quite unnecessary. But it' you
don’t stew over the stove, we can
hear many housewives ironically
asking, what shall we stew over—
the ice box? The answer to that
is: "No. Don’t stew anywhere.
For ail your stewing has been
done or is being done for you in
the big commercial canneries
which now dot the country."
In other words, when you make
your food plans for this summer,
whether you take the children to
the seashore or the mountains, or
just stay quietly in yorar own
home, include in them a plentiful
supply of canned foods. If fresh
vegetables are at hand, have some
of them, too, of course, but if they
have to be shipped any great dis¬
tance to you, or the best ones are
being saved for the city markets,
you will find it far safer (and
cooler) to use canned foods.
Good Milk Essential
Good milk is essential, wher¬
ever you go, and nowadays you
can always have it. If there are
no cows in your neighborhood
whose health has bee* tested and
certified by Government experts
(be sure to ascertain this fact for
the sake of the children), take
along your own milk in the form
of the dried, evaporated or con¬
densed product, for all of these
come from certified cows. Un¬
Patronize our Advertisers^
It Will Mean Money to You
sweetened evaporated milk is
more and more widely used
babies, and we have the
of leading pediatricians that
the nutritional standpoint it is
full equivalent of pasteurized
boiled whole cow’s milk.
makes it now possible to
even the littlest babies
you want to go.
What are the canned
you should have on hand or
shipped to you as you used
in order to escape that
which we recommended that
should avoid? The main ones,
course, are tomatoes, corn,
and beans, but you should
include spinach for the
(and that’s where you save a
of weary work of
and you’ll find some asparagus
salads and beets and carrots
’to have on hand.
Fruits and Fish
You can’t go wrong in
ing for a supply of the
fruits and canned fruit juices
summer drinks. The
fruits are peaches, pears,
apple and apricots, but you
also remember that the best
sauce you have ever tasted
in cans. Think it over. Has
the apple sauce you ever
been uniformly good? The
'that comes in cans is made
apples especially grown for
purpose, and is uniform in
and taste.
As for fish, canned
Tmaekerel, salmon and tuna
2are all tasty and valuable
their iodine content, and what
would you do on picnics without
any sardines?
Your Time Is Free
With such an assortment of
canned foods, either taken along
or ordered sent to you at conveni¬
ent intervals, you will be able to
spend your time outdoors in the
sun and get a tan Instead of get¬
ting paler and paler simmering
and stewing over a stove. You
will have time to play with your
children and he a companion to
them, for sports and reading and
all the outdoor joys of summer.
Doesn’t this simple plan sound
rather worth while?
To Make It Easier, Still
If it does, here’s a last sugges¬
tion to make your summer still
easier. Clip out the following
recipe, and take it along with
you, too.
Tuna Fish and Vegetable Pie:
Make a white sauce of two table¬
spoons butter, two tablespoons
flour, one cup milk and the liquor
from an S-ounce can of peas and
carrots, and season to taste. Add
the peas and carrots and the con¬
tents, flaked, of a 7-ounce can of
tuna fish, and pour into a buttered
baking dish. Make some baking
powder biscuit dough, using on ’-
half cup flour, and cover the top
with this dough in one piece or
else cut into tiny biscuits. Bake
in a hot oven until the biscuits
are well browned. This recipe
serves four, and costs only about
I forty-two cents.*
_____