davidaulloa/AmericanStories huggingface dataset:
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
YOUNGER SET
by ULYSSES ". BUYKN

Harold Stephens has been 81.
pointed exalted ruler OF the Junips
Elks. '''
The members OF the younger 50,
who are employed as counselos'
at The Green Pastures Camn 49,
Aldrich Ffllingham Bill S,o,e
street. James Mcintosh, Bill Co,ns
Norman Moore. Edward Beniam,n
Lloyd e. BaiIer. Mildred Ianr
Watson. Ann Foster. Victoria Nc
Call. Helen Wright.
Thomas b. Williams. of A.
Dougall. a gifted artist and pr,In
ate OF Eastern High. plans 10 sna
cialize In art az career.
A reception was given Th,..
day al p. IN. Julie 81, by Ar,hnr
Collision. at his residence ~
Charlevoix. honol1ng FIorenco ~
Avery, William w. Avery of pi,,s
burgh. who are visiting In the civ
Those present were: Comn,cr
Rowland. Drum Lee Trone W
lawson. Richard Slaughter Irr..
Hall. Walter Ransom. Reubau
Goodenough. N. II. Bucbanan
William Frank. Benjamin Rowa-
Dorothy McClenden. Catharina
Smith. Elizabeth rarrisft. NaI~s
Allison. Pauline opivey Nildras
Roland. Hugh l.. Wills. r Tes,es
Betty Ann Byrd. Nellie, vanIowa
Louise Chatfield. and Beatrice
Dickerson. ''e
Taylor Wiser. on Friday. June
~. was the recipient of a surnrIsa
birthday party. in honor If his
seventeenth birthday.
Misses Virginia and Marguerite
Wilson. two charming Chicago grIs
are visiting In the Motor Citrv tbis
week. They are nieces OF Dr. LroyS
Bailer. ''o'u
Miss Marjorie Greenidep ~
Josephine avenue, is being tendsr.
ed bon voyage party. FRIDAY by
members Of her Sunday Schoo,
class at Plymouth Congregational
Church. The guest list includes a
large number OF Intermediates
We are introducing this week
Miss Charlotte Brown, of Caiue
avenue. talented daughter Of Mr.
and Mrs. Newton Brown. She Will
graduate from Southeastern High |
In January and Is an excellent
tennis player and pianist
Edwin Johnson. William Hiu
Lorenzo Henderson. Clayton T
Foster. the Harlem Rhythm boys
quartet sang for Cab Galloway
last Monday afternoon.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
Dress Shop Operator
Becomes Bride
Wedding Bells Ring For
MIR. and Mrs. Woolford

On Monday, June IL. Miss VILLA
Willis. OF the Uptown Dress Shop
became the bride OF T.. WOOlford.
The marriage ceremony took place
AT The parsonage of Rev. William
n. Peck and was witnessed by the
brides family and Mrs. j. B.
Hooper.
The bride was lovely in gown
of blue crepe and gray accessories.
The evening following the we'd
ding. "A reception Was held at the
residence OF the happy couple, 573
Farnsworth. Apt. 8. A dainty repast
was served Those present were:
Rev. and Mrs. W. H. Peck. Mr.. and
Mrs. +. Black. Mr. and Mrs. r. Tai
bert. Mr.. and Mrs. James Robinson
Mr.. aud Mrs William Ransome. DR..
and Mrs. Lawson. Mrs. q. Strick-
land. Mrs. Jessie Is. Hooper. Attor-
ney X Wood. Mr.. and Mrs. Is. Null
lin. Ethel NJ Sturderant. A. Rays,
J. McGdoo. l.. b Robinson. j. l..
Dixon, j. Robinson and A. Brush,
G. Il. Hall. Louise Matchette, M.
Swift. T. Gardner. Mrs. T. Burton,
Vera Branam. c. Royal, j. Feagin.
Mr. and Mrs. S. Hood. Maggie Ken
nick. Mr. and Mrs. +, Jackson. Car
rie Priest. A. Williams. Z. l.. Hens
ley. S. Walker. NJ. l.. Brant, ID. l..
Bell. V. Butler. c. w. Gaines, c. A.
Swift. Miss p. Lawson and Master
Billie Lawson.
Mr. and Mrs. Woolford were the
recipients OF many beautiful gifts
md extend thanks TO their many
lends for their kind remembrance
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30

Music Graduates
Honored Sunday

On Sunday June cath. from 6 to
p. m. Mrs. Dorothy blackwell and
{ Miss Mile Connolly. who gradual.
ed last Wednesday evening from
the Detoit Institute OF Musical Art
were the hOnored guests al an in
formal reception given by the De-
trOit Musicians Association al 54s
Kirby avenue. East.
Mrs. Blackwell graduated from
the Vocal Department and Is a
member Of the ID. NJ. A. Miss Con-
nelly gaduated from Piano depart
ment and is member OF the Azaia
Hackley Music and Dramatic Club.
A book on the Appreciation OF
Musical Art was presented to the
former from the Association and
one on "The Oeras" To the latter.
Among the guests present were
Wyer Handy OF New York, son OF
w. c. Handy, famous composer OF
blues" and Miss Geraldine Shaw.
violinist. daughter OF the late Ruth
Perry Shaw. who has been persuing
her musical studies at the Michigan
Normal.
At the last business mee.sng OF
the club. three new members were
Emily Poole. Fannie
White Poole and Cloyd Smith.
Standing committees for the year
were named by the president. Mrs.
J. G. Macklin.
Mr.. RatIiffe was present and ask
ed the cooperation OF the Associa-
ion in putting on the program on
Tune goth at 9 a. nj. on the Ambas-
,ador Bridge. In conjunction with
,ther uationaIities OF the Border
titles In celebrating the Interna-
ional Goodwill Jubilee.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
Amici Novem Club
Has Anniversary

The Amici Noyen Social Cluf
celebrated their seventh anniver'
sary. June 81. with a formal din
ner I'm the dining room Of the \
w. c. A.
The table was artistically deco
rated with roses. peonies, sweet
peas and carnations. A delicious
menu OF fried half chickens. head
lettuce salad. creamed potatoes,
green peas. hot rolls. Ice cream
and cake.
II was one of the brilliant al
fairs of the club season. The lad
les were beautifully gowned In
evening dresses, aud the gentlemen
In their full dress suits.
Floyd Harvey was toastmaster
and gave brief resume or the
clubs history. which was very IN
teresting. Each officer was intro
duced to the invited guests
After dinner. all retired 10 the
to indulge In games OF
bridge. First ladies' prize. n set or
lovely water glasses. was awarded
Mrs. j. III Mosley. Floyd Harvey
was awarded first gentIemen's
prize. Second prize. pretty wine
set. went to Mrs. Ralph Patterson
Calvin r. Brooks won the gentle
mems second prize. box OF host
cry.
Those who enjoyed this delight
'ul affair were:
Mr.. and Mrs. Ray Dezon, Mr.. and
Hrs. O. f. Arlington. Mr. and Mrs.
I. Fl. Mosely. Mr.. and Mrs. Calvin
,. Brooks. Mr.. and Mrs. Ralph
Mr.. and Mrs. Harris. Mr..
nd Mrs. Crawford, Mr.. and Mrs.
lloyd Harvey, Clyde Howell, Miss
.oberta MAIDEN. MIR. and Ms. Fred
lowell. Mr.. and Mrs. A. ID. Sey-
lour. Mr.. aud Mrs. Sam Weaver.
rnest Sweeney. Mr.. and Mrs.
lillian Hall. Mr.. and Mrs.
right, Mr.. and Mrs. John Talia-
FRO. Mr.. and Ms. Smith.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
MIDWEST BEATTICIANS
EFAGCE

The Midwest Beauticians met at
their regular meeting at the resi-
dence Of Mrs. Tone Webb, fTly
Beaubien. Mary Fluker. vice-presi-
dent. presided.
Minutes from tho previous meet
ing were read ana received. mo-
tion TO adjourn for the summer
was put before tile house, but was
not voted on. due to the absence
Of so many members Many inter
esting suggestions were offered,
including the suggestion that the
members soon begin plans for Sc
curing a club house.
The hostess served an appetlzlng
menu. The next meeting will be on
the second Tuesday In July with
Miss Georgia Nelson. 451 r. War
rem.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
CHRIsTTSx WOMEN wWsKERS'
CLTH

Friday evening. June % the club
and Glass No III Of Second Bap-
list Church were delightfully."- en-
tertained at the home OF Mr.. and
Mrs. Eddie Briiey. 22T3 f. Larnard
avenue. After a brief business SEES
sion conducted by the president.
Mrs. l.. +. Jackson, the Meeting
was turned over TO Mrs. RATHER
line Cook. who introduced rs
guests the bride and groom elecr.
Miss Eunice Kennedy and Isnae
Fleets. They were showered with
useful and lovely gifts.
Among, those present were: Mrs
IT, w. Terrell. Mrs. r. Wilson, Mrs
liz l.. Jackson. MIS-. NJ. Talbert
Mrs NJ Favors, Mrs. II. Cook. Mrs
NJ B. Lee. Mrs. VI. Lucas, Misses
II. Terry. L. Bass. and others.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
DR.. Connolly Given
Honor At Reception

DR.. Paul +. Connolly was hon.
ored at reception. given Thurs
day. June 20. in the church hall
Of st. Peter Clayer at Beaubien
and Eliot.
Among those present were:
Father Henry Thiefels. DR.. |. II.
Martin. DR.. c. c. Constable. DR..
Lee OF Kansas City, Messrs. Ed
Walker. J Gibson. l.. Blount. c. r.
Smith. C. Rawlins. J Odell. T.
Russell. and others
Brief remarks OF commentator
were made and friends present
wished u Connolly Success on the
eve Of his departure for Howard
nilersity AT Washington. ID G.
As testimonial from the mem
bers and friends OF the Holy Name
Society DR. Connolly was present
ed with a purse. His response was
eloquent and VIII long be remem-
bered.
James Gibson. chairman of the
committee on reception. made the
presentation speech I'm closing.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
QUESTION
COLUMN
BY Jane Boyer


Dear Mrs. Boyer: | am interest
ei in fine young man. have been
knowing him for about ten years.
but never was interested in him as
boy friend before, nor went out
with him. For the last three
months he has been coming to my
church and he has Joined. He says
he wants me for his girl-friend. He
acts as N he loves me. but does not
! do much talking about II, but does
nice little things for me. Do you
think he is interested in me? Anu
will lie make me a real honest-to-
goodness boy friend or hubby?
+. J. .B
f.. J. B-lIaving known the
young man for ten years he is no
stranger in that length of time
YOU have had plenty of opportun-
tiles 10 observe. just what kind OF
man he is just what he stands
for the fact that he doesn't talk
much does not count against him
lit is the nice little kindness in
life that count anyhow shows
III Nuit llt 10 III
terested In YOU or he wouldn't
have asked to go steady
wouldn't be bit surprised If you
didn't have something TO do with
his joining the church II was a
fine thing TO do-young people
should belong TO some church
now my dear | would not rush the
young man-let him take his time
be good friend am sure that
In due time he will be as you say
, your hubby"
sss~+s
Dear Miss Boyer: am very
much in love with a young mar
but he does not seem to care fol
me. what can | do to win him?
Yours truly. NJ. d
Well NJ D.: | would say. vast,
not another minute-on that younJ
man-you can't very well ask hin
for his love-love just happens
there are plenty of other younI
memo doubt some OF then
would like to go with you forge
about love-and before you kno'
lit will be tapping at the doc
OF your heart
$. NJ. X. The young man Is n,
interested in you-nothing you ca
do about H. Better look elsewhei
don't lose your self-respect !
running after someone who do
not care for you
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
Choir Celebrates Its
18th Anniversary

The musical program recently
/ sponsored by the Mt Olive senior
choir was n splendid success.
G. c. Wyatt wishes to thank the
following choirs who participated
on the program and helped make II
a success; namely; Chapel Hill. Mt
Olive, Peoples Baptist. King Solo
mon, Metropolitan. Russell Street
senior choir. Shiloh senior choir.
Russell Street Gospel Choir. Great
or Bethel
Mrs. l.. Pinkey was master of
ceremonies; G. ". Wyatt. director;
Rev. z. r. Askew. pastor.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
PA. WOMAN DISCOVERS
PRODUCT TO GROW HAIR
ONE INCH ~ ONE MONTE
willing to- Give Recipe Pree OF
Charge to Readers OF
This Paper

w WV htCtpt ETte OI
Charge to Readers OF
This Paper
\ From Schwenksvfile. Pa. On practicaD
herman settlement) comes the very good
news OF the discovery OF product or n
compound that grows hair At the rate Of
an inch a month
Tho kind hearted little woman who has
tho honor OF having made such won
dorfsl diseeseSy Is willing to give the
formula Absolutely free OF charge to any
Interested psvson who win send his or
her name and address with a three fsc)
strAnp.
This ingredients OF this great formula
may b. purchased at any drug store anu
VIII cost only n few cents, but when
property mixed. the result Will be n pro-
duct that win not only grow hair an inch
a month. but will remove all kinks and
curis and change harsh. stubborn hair IA
the soft. silky kind as 10 by magic.
Any one wishing to get this formuls
free of charge should write TO Miss n. n
i.iss. p. o. Box. 81. schwenksviile. Pa
advertisement
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
Lydian Association
II O | d s Meeting

The Lydian Association held it's
monthly meeting at the home oi
Mrs c. Anderson, 29l4 Sheridan,
with large attendance. The MEM
bers were delighted 10 have as
their guests Rev. and Mrs. William
II Peck. of Bethel A. NJ. +. Church.
whose inspiring words set forth
the possibilities of women's social
work. Their remarks were deeply
appreciated.
Mrs. Sarah Crosse and Mrs. Louise
Tibbs were elected delegates TO the
state convention al Battle Greek.
Mesdames NJ Watts, y. Bibbins, c.
Anderson entertained.
The next meeting Will be with
Mrs Fields. 1903 wilkins.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
Detroiters Visit At
Mid West Club

A party of fourteen prominent
Detroiters spent Sunday. June TO-
at Midwest Lake and Country Club
and report having had a delightful
time.
The members OF the group in
cluded: Mr. and Mrs. o. +. CIT
tenden, Mr.. and Mrs. II. l.. NC
Kinney, Mr.. and Mrs. A. n. Lake
Mr.. and Mrs. Homer Gaines. Miss
Bernice Hutchinson. Grady Whig-
ham. Mr.. Harper. Miss Allen. Mr..
and Mrs. +. A. Allen.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
Mr.. and Mrs. Jackson
Have Iowa Guests

Mrs. Helen Crosswhite and
daughter. Pasty Jean OF Sioux City
Iowa are guests in the c. T. Jack
son home. 5667 Stanford avenue.
w. +. Shields, uncle OF Mrs.
Crosswhite is visiting his daugh-
ter. Mrs Mayme Campbell. 1894
Scotch. The Sioux Cityans are
motoring and visited In Xenia and
Cincinnati prior to coming TO De-
troit.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30

Secretary OF the branch has been
granted a leave OF absence to study
at Boston University during the
summer. She will return TO the city
September End TO take up her regu-
lar work at the branch. While Miss
Cole Is absent. Miss Bernice Grit
fin, teacher in the Detroit Pub
lie Schools. will have supervision
of the Stay-at- Home Camp.
Housewives are urged to place
orders for baked goods Ia our
Cafeteria.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
BERTHELLA'S HAIR SHOPPE

SCHOOL AND lAB0RATORJEs
55S Farnsworth (Bet. st. Antoine
and Beaublen)
Specializing IN all branches Of
Beauty Culture
See our Hair Cuts-TAe most popu
har styles
SCIENTIFIC SCALP TREATMENT
Thousands Of people IN and out Of
the city are using our Scientific
scalp treatment, for thinning,
breaking up hair. VIII cure am
form Of letter, exxema, dry itchy
scalp and dandruff. WIN positiyely
grow hair ON bald scalp. (maas
only In our laboratories).
Consultation and examinations Al
the scalp free.
Use Berthclla's Wonderful Face
cream Blackhead and blemish re.
mover.
Courteous and Efficient Operators
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
BEAUTY HINTS
BY Nina Temple

NIGHT BEAUTY TREATMENT
Never never go to bed with
makeup on your face. II you are
too tired TO wash your face with
water or cold cream just rub the
face Driskly with turkish towel
as II will take of most Of the dirt
and makeup and the friction Will
also be beneficial TO your skin.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
ENGAGEMENT INVOLVEMENT

At recent meeting OF the
twelve METERS club. al the home
of Miss Cora Is. McPhaui. the moth
or Mrs. Carrie McPhaul, announc-
ed the engagement of her daugh-
Ter cora b.. 10 Edward Sheppard.
The announcement came as com
plete surprise 10 the guests pre-
sent. The marriage will be a pre-
aututnn event
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
TWELVE NETTERS cLrR

The club held their regular mon
thly meeting. June 20. with Miss
Cora b. McPhaul. 800 f. Palmer
The vice president. A. Crawford.
presiiIed
Among the business discussed
were the annual outing and more
hours for practice. |, was decided
that each member must receive be-
tween Is and 80 hours practice
each month. The outing will occur
August 10. at Put-In-Bay.
After the business routine. the
hostess served a savory three.
course luncheon, 10 the twenty
guests present.
Mrs. Carrie McPhaul announced
the engagement OF her daughter
Cora b. 10 Edward Sheppard.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
CLUBS
SUPREME BRIDGE CLUB

The club met mt their club house
Wednesday. June 20. with Mrs. X
Mccullough ~ hostess.
After enjoying d tasty three
course menu. the remainder of the
evening was devoted to bridge and
dancing.
Saturday evening. June %. fea-
tured another delightful event. as
1t marked the date OF the clubs
bridge tournament. First prize
went to f. Mitchell; second, ID. AL
len. Several members of the Max
inc Social Club were among the
guests. Music, dancing. and re-
, freshments were enjoyed.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30

HEALTHY youths wanted for
blood typlng and trassfusIcns. Gall
ParksIde Hospital, 1854 Brush IT,
Juse ~, -, - and July 1st- So p.
III. Pee paid accepted types.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
THE WEST SIDE BUzzING BEE

The West Side Buxzing Bee CT
vic and Social Welfare League.
held a very interesting and help
full meeting at the St. James c. M.
+. Church. Kirby and vinewood
streets, on June Is. A large num-
Der were present and enjoyed the
program arranged by Mr.. Mickens
chairman OF the Program Com
mittee.
The next meeting will be on
July at 8 .. m. This club meets
each Monday night at st. James c
M. f. Church and Is organized tc
help those In distress, TO assist
those out OF work to secure EN-
ployment and for the uplift ant
betterment Of humanity. The pub
lie Is cordially invited.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
DAINTY NATIONS CTR

Mrs. Joanna Huston. 1872 Kirby
street. was hostess TO the club.
June ii. A refreshing and tasty
menu was served.
The next meeting will be with
Mrs Lucille Freeman. 1855 Brush.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30

TWILL Do CLUB
The club met with Mrs. Martin,
s375 Colfax street. Wednesday
June 20. All members were pre-
sent Bridge was played. after
which an appetizing luncheon was
served
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
SMART SET SOCIAL CLUB

SMAKT SET SOCIAL CLUB
The club met with Miss Velma
Lee. 3f76 Madison street, June IL.
The hostess served two-coui "
menu. Bridge was enjoyed.
The next meeting will be held
with Miss Eva Mcdonald, 225l T..
Lafayette.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30
rLYMorTH CKUSADERs GLUE

The crusaders. OF plymouth Con-
gregational Church met with Mrs.
M Donovan. 5439 23rdstreet last
week. The organization was hon
ored by the presence of the pastor,
Rev. H. King. who made some in
spring remarks.
The address on Friendship by
Mrs. j. C.. Graham. was beautiful
and full of inspiratiOnal thoughts.
Mrs. II. Il. Crawford. IA Nashville
public school teacher. who is visit
ing chs city. was present al the
meeting. The hostess served a de-
licious repasf.
! The next meeting Of the club will
| be held In the form of a lawn par
lty. and given at the residence OF
Mrs. F. Hendricks, 6T44 Scotch
June ~. at 3 n m.
The next regular meeting of the
club will be July =. at the home oil
Mrs. Paul Simmons. 224 Garden
lane, Ferndale. Michigan.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30

Dinner At Eight" was the name
for the dinner served in the home
of Lee Hayes. 257 Willis street
Saturday evening. Mr.. Hayes car
ried out faIly the six-course din
ner that correspondent TO the mo-
ton picture called Dinner Az
Eight" The table was beautifuiiy
decorated with cut roses. coctaii
glasses, and candles, and the
guests present enjoyed an elaoo-
rate menu.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30

Miss Mildred Bernice kinney
gifted daughter II Albert T. XIII
ney. OF Detroit, graduated recently
from the West Night High School
AT Cincinnati. Ohio. Mr.. Kinney.
her father. Is a. prominent local
citizen, being yice-president of the
Great Lakes Mutual Insurance
Company.
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30

Mrs Josephine Dnkrett. in. keep
ing with her vision for Fathers
Day, made and sold artificial flow
ers to be worn on that occasion.
She felt that fathers should be
lb'nored. as we'll as moters, and
made yellow flowers to be worn
for fathers who are living, and
purple ones for the dead. They
were purchased by many citizens
The tribune independent of Michigan. [volume] (Detroit, Mich.) 1933-1935, 1934-06-30

S. NJ. X: The young man is not
interested in you-nothing you can
do about H. Better look elsewhere
don't lose your self-respect by
running after someone who does
not care for you.
Evening star., 1934-06-28
POLICY OUTLINED
0NLOAN PROGRAM
Reserve Banks viii Shun
Any Competition With
Local Groups.
By the Associated Press.

By the Associated Press.
The Federal Reserve Board yester-
day coupled publication of regulations
governing S28O.OOO,OOO of prospective
fve-vear loans to industry with a
statement that the Reserve banks had
no intention of competing with local
institutions
The need for this character of
loans has become increasingly appar-
ent in recent months" the board
said adding that a survey had shown
many small industrial enterprises had
suffered severe capital losses during
the depression and we're now short
of working capital
Small industries" the board con-
tinued, find it difficult at present to
obtain their requirements of working
capital through the capital market.
while commercial banks and other
financial institutions, in many cases.
are hesitant about undertaking. on
their single responsibility. the risks
involved in making relatively long
time loans for working capital pur-
poses"
Exercise of lending powers granted
by the last Congress to the Reserve
banks, the board said. should aid in
the recovery of business. the increase
of employment and the general bet
terment of conditions throughout the
country"
The board expressed confidence that
the banks of the country would "join
with the system in this endeavor to
hasten economic recovery"
Under the terms of the recently
enacted law the banks may lend an
amount equal to their combined sur
plus, which is approximately $780,
100000. As such loans are repaid the
returning funds may be employed
again for the same purpose.
Reserve banks are authorized to
make two classes of loans, one being
through the medium of banks and
other credit institutions AMI the other
direct to industries that cannot obtain
proper financing at a reasonable"
figure through ordinary channels.
All loans must be to provide work
ing capital to established and going
businesses and are limited to a five
year maturity.