Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1932-09-01

Fort Continuing the Pres
fdent said Tile con.
ference will deal with specific prof.
ects where definite accomplishments
In business. agriculture, and employ
ment can be attained, and will 90
dinate the mobilization of private and
governmental instrumentalities to that
end.n
Committee chairmen and officials
who were TO hold the preliminary or
ganization meeting were.
Carl z. bennett. Boston; Owen D..
Young. New York George Il. Houston,
Philadelphia L. 3. Williams. Cleve.
land; Edwin c. Graham, Richmond !;
George S. Harris. Atlanta Sewell L.
Avery, Chicago; ]. w. Harris, St.
Louis; George .. Dayton, Minneap-
oils; Joseph f. Porter, Kansas City
Frank kell, Dallas; K. r. Kingsbury.
San Francisco; Secretary OF the
Treasury Mills; Secretary of Agricul-
ture Hyde; Secretary of Commerce
&hARih 1NAlS vi I<lbOi GOdhg
Eugene Meyer, governor of the fed
eral reserve board Atlee Pomerene,
chairman of the Reconstruction Fl
mace corporation Paul Restar, chair
man farm loan board; Franklin Fort
chairman federal home loan board,
and James c. Stone, chairman Of the
federal farm board.
Much is expected to be accom-.
pllshed by the home loan banking sys.
TEN created by congress-, of which
Franklin Fort of New Jersey has been
made chairman. In d radio address
Mr.. Fort explained that the home loan
banks will have the power to make
direct loans on first mortgages up ia
the same percentage of the value of
the property that they may loan to
institutions.
" shall all be greatly disappoint.
ed he continued, IF the home loan
bank system does not put under the
real estate and mortgage structure of
America The type Of u%nderpinnin.
which not only will prevent it's col
lapse In these troubled times, but will
form q foundation for the continued
expansion and growth of home own
ership.a
The machinery of the new organiza
ton, which VIII be set up as soon as
the board decides upon the sites for
the establishment of the eight to
twelve home loan banks provided LhN
the law, is designed primarily to ad
vance loans to building and loan as
sociations. savings banks and Insur
anee companies in the mortgage field
CENATOR SMOOT, chairman Of the
- senate finance committee. realiz.
Ing there are many inequalities In the
new revenue law, expresses the opin-
ion that congress, when it rec0nvenes,
will find necessary a revision OF thai
measure to fit business conditions as
they will then exist. And he believes
the plan OF a general manufacturers
~ e. ~ OG lENlAGu. personals
ly" said the Utah senator, Il think
that the bottom of the business de
preston has been reached and that
conditions are getting better every
where In the country"
The Chamber OF Commerce of the
United States has announced forma-
tion OF a special committee on taxa
tion to examine 1.-THE manufacturers
sales tax and other possible sources
OF federal revenue" as q means "of
curing ~inequitles In the taxation sys-
tenn as set up In the last session of |
congress"
VICE PRESIDENT CURTIS was
= formally notified OF his renomina,
ton BY the Republican party at his
In Topeka, Kan, The cere-
mony was notable for Its simplicity,
for "Charlie" had said he did not wish !
his friends and neighbors to 20 to a
OF expense. There were no pa
fades, but the Topeka Post band of
American Legion played and the
post provided a color guard.
Senator Dickinson. chairman OF the
notification committee, spoke for about
en- minutes. and Mr.. Curtis then de-
iyered his address OF acceptance, an
that received high praise from
lis fellow Republicans.
YOUTH TRIMBLE, clerk OF the
, house of representatives. decided
bat Sneaker Garner and RaIlrasnnt