Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1934-01-11
This Week
BY ARTHUR BRIsBANE

Guaranteed Deposits
Roosevelt Tells Them
Another High Trip
The President says 1--WE have under
taken new methods" and we have with
n vengeance. We" meaning 123, 0oO,-
600 Americans, led by the President,
will spend this coming year. In various
useful ways. $1,000. 100000 a month, or
at the rate of 1921 00.Oo0,0o0 a year.
Tom Reed. when speaker of the
house, yelled because the country spent
Sa00.000.O00 In one year. What would
he say of $1,000. 100000 a month?
Twelve billions In q year is d great
deal OF money. but 1t Is not too much,
not enough, II we'll spent. to drive out
depression and bring back employ
ment.
We sent $4,000. 10000 to Europe,
never to come hack, and spent $1,000 {,
No,ON more for other peoples war on
top OF that. We might well spend
some of our billions productivity, at
home.
Mr.. Walter ]. Cummings, chairman
OF the Federal Deposit Insurance cor
poration, says the situation as regards
security of bank deposits should be
made clear. The facts are that all ma
tional banks must deposit certain
moneys to be used to guarantee all
hank deposits up to $500 and have
done SO. State banks are not com
PEELED to enter this arrangement. but
may do so Ii they please.
1t Is a pleasure to announce that
throughout the whole country only 400
or 500 state banks have refused to join
In the plan for guaranteeing deposits.
Thirteen thousand banks. all the ma
tional banks and nearly all state banks,
are Included In the guarantee. In
selecting your bank you probably will
select a national bank or q state bank
In which your deposits up to $500
will be guaranteed by the government
plan. The banker will tell you II he
has not Joined the guarantee plan.
The President has told congress and
the nation just exactly what he has
been doing since the fourth of March.
and even Republicans will admit that
he had something to tell.
A bag containing 100000 cubic feet
Of gas carried Major Fordney OF the
marine corps and Lieutenant Settle of
the navy more than $1,000 feet into
the mir.
They plan another flight Into the
shakespeare. with q balloon of 1,500.-
600 cubic feet, and hope to 60 up rs
miles or more.
That exploration may lead to plans
for bringing down supplies Of that
which is the life-giving quality OF the
atmosphere, for distribution as needed.
Real exploration OF the air ocean
above US will begin when men go up
between 400 and 500 miles and look
out from our attenuated atmosphere
into the absolute Zero of the ether,
or whatever the substance is that fills
space between this group of solar
systems and the nebulae.
This nation has recognized Russia.
and now Russia discovers nine new
sources Of gold, all capable OF being
Immediately. These Russian
gold sources, If richly productive, will
the hearts OF our best minds,
hat think Russia should not be recog-
lized. Also the discovery of gold will
strengthen Russian belief, bound to
sooner or later, that perhaps
Karl Marx did moi know best. What
Is to malaria, gold, yellow
md cold" Is to communism.
Mussolini believes that war Is prob
bile, even should the wicked japanese
sail through the air against
tome. He is giving military training
0 100000 young italian boys.
The United States, while not entire
Y happy yet, Is happier than other
ountries. II that is any comfort.
Italy, worrying about Japan, talks
t a Japanese menace The italian
hamber OF deputies Is told Japan to-
ay invades China. Inspired by race
aired, she will plan tomorrow against
7hite men,
That Is the view of Marquis Gia-
ONO Medici del VascelIo, who sees
In the East. Nobody In Amer
"a imaglnes Japan flying over the
Mediterranean to attack the Italian
eninsula, but anything Is possible
18th airplanes.
Scientists believe that CONSCIOUS
fe" as we earth-microbes know 1t,
'ould be impossible on other planets.
cause of excessive heat or cold. or
lck OF water or oxygen. But Ii ma
ire can arrange earth life to survive
nder water as fish do, under the
irth as worms do, at the equator and
the Arctic regions, why not on the
IN, In spite of Jeans statements that
lie solar temperature reaches 10000
10 degrees ce%ntigrade?