Evening star., 1933-09-27
DEPOSIT INSURANCE.
f. |SFORUM SUBJECT
Chairman Cummings of Cor
poration to Speak on Radio
Wednesday Night.

T7HE National Radio Forum, in its
i new Wednesday night spot on the
coast -to-coast National Broadcast
ing Co. network, will present tonight
a discussion by Walter C.. Cummings,
chairman Of the Federal Deposit In
surance Corporation, on the insurance
of bank deposits under operation OF
provisions of the new Class-Steagau
banking act.
The forum, which is arranged by
The Washington Star, will be broadcast
in the Washington area by WMAL in
stead of WRC for period OF eight
weeks. The time is 10:30 to II.
The Federal Deposit Insurance Cor
poration recently was appointed by
President Roosevelt to administer the
deposit insurance clause Of the banking
act Under the terms of the act. in
surance of bank deposits up to $4,000,
will begin January /. Six mouths later
a more permanent system OF insurance
will be adopted, the insurance covering
much larger deposits.
X X X
WAYS and means of providing better
w radio service for listeners in rural
or remote areas, possibly through
licensing of additional small stations,
are being considered by the Federal
RADIO Commission.
The question was raised by Commlc
sioner Harold A. Lafount in a proposal
that the commission scrap its present
quota restrictions, so far as loW-poWered
or local stations are concerned, un-
der certain conditions. This, he holds,
would make for more equitable pro-
vision of service to listeners in outlying
areas.
If adopted, the practical effect Of the
Lafount proposal would be to eliminate
some 80 SationS now using power OF 100
watts or less from the quota reStrlc-
tions-all in the West and South and
in sparsely populated areas. BY the
same action, room Immediately would
be made available for perhaps a dozen
additional stations in UNDERSIGNED
areas.
Another benefit would be slight re-
duction in quota assignments 10 per
haps one-half of the States now frac-
tionally overquota. This would make
room for increases in power and addi-
tional operating hours for station or
two in each State.
The Lafount proposal carries the
Endorsement of several congressional
delegations. At the last session OF Con-
gress, Senator Dill, of Washington, in
troduced bill to climate quota charges
in the cases OF all local StatlOnS. IL
failed of enactment. The Lafount
proposal does not go that far, but would
relax the quota restrictions only In
areas not now receiving IAN equality OF
radio service"
Under the quota regulations, broad
casting facilities are assigned according
to the population of the States. For ex-
ample, New York, because of its great
concentration of population, is entitled
to as many stations and as much power
as a dozen States in the West which,
combined, equal the Empire States
population. Yet that number of sta
tions will not adequately cover the great
open spaces in the West.
Joe CRONIN of Washington and Bill
Terry of the Giants, managers of
the two teams that clash next week
in the world series, are scheduled to
make brief addresses during the Rudy
Vallee Variety Hour tomorrow night
over N. B. c.
: For entertainment. Vallee has booked
Bert Lahr, comedian; Mary Small,
juvenile singer, and Prof" Jack Nc
Lallen and his comedy trio.
4 RTHUR Godfrey has just issued
n membership No. 5000 for his
breakfast club, WMAL's daily early
morning broadcast.