hl'H m , -lvi.' r k't- ? fl ' : si m t Vill & EVENING PUBLIC LEDGER-PHILADELPHIA; WEDNESDAY, MARCH 0, 1931 US. RESERVE BANKS TO AIDS BUSNESS JEstabllshod for Benoflt of Com mercial World, Says . Norris ' - WORTH PROVED IN CRISIS RnMncsi men of (leiinnntonn were lold Innt night that the Federal lleserve banking system n rMnbllnhed for the benefit f business, and not primarily for thu facilitating of banking procedure. The broad principles of the Federal Reserve Kstrfn aie easy to understand and every buInes mun should know them. These polntH were emphasised by George W. Norris, governor of the Federal Itcserve Hank of the Phila delphia district, iealnc to members of the Germantown Business Men's As sociation. The occasion was the Hiiimnl dinner of the annotation, at the OemuTntoun Hoya' Club. Colonel Sheldon Potter presided, and in hla address referred to the commercial development of Ger mantown. "niieine"-! men generally fail to realize thnt the Federal Ileserve sys tem wn designed ns a means of meet ing business nines. " .Mr. Norris said. "The regnnl it as an adjunct to the former banking system, the exact foundation of which would be difficult for them to understand, and which, they felt, there was no need for them to study." Mr. Norris declared that under the old hanking .ntem theie were con stantly recurring rnes when the amount of bank credits was insufficient to auppnrt buincs activities This condition, he continued, Ted to bnaiding of money hy individuals and thus n shortage of currency was created, caucing panics and depressions. "These conditions have been remedied bv the Rcerc system." Mr. Norris nddecl. "When the demands for credit in the post-war period of active busi ness exceeded the ability "f the banks to meet them, the commercial banks carried to the Reserve System inoie than 2.ii00.000.000 in notes, which thev rediscounted. borrowing money on them from the Reserve banks. They could not have done this under the old i-ystem and it is polblc thnt a serious d'enrcsion might haxe occurred. ''As n result of the Reserve system, the conimercinl linnks of the country were enabled to borrow many more bil lions of dollars thnn they could have under the former -ystem. Thus nn niti ple chruhiting currency was provided and adjusted to the needs of the coun-try." Browning, King & Company Boys' Clothes Norfolk Suits and Reefers BRIDE WILL GO TO SCHOOL Huiband Gives $600 Bond That Im migrant Wife Will Learn to Read A MOO bdnd that the woman be will ' make hla wife will learn to read and write was deposited last night with the immigration authorities at Gloucester, N. J., by 0. A. Malnellln, a prosper- i our storekeeper of Uuliith, Minn. i His bride-to-be is Carmlun Spina, Just arrived from Naples, Italy, She , will be his third wife. They will leave for Diiluth today. The immigration officials are some what concerned as to bow the filtuie .Mis. Mnlnrilla Is going to fulfill the terms of the bond. Hhe Is fifty three jcars old, and learning to read mid write is not nn easy process at that age. Hut .Mi. Mainellln has decided upon ii plan. He will vend Carmiiia to night school. During the davtiuie she will be busy caring for the five Malnellia chll dicn who llvu with their father. There are seven others, but they arc married, and have their own homes. DRY RAIDERS CRITICIZED Crosaen Must Explain What U. S. Judge Termi "Injustice" I.eo A Oiosseii, prohibition enfoice ment officer for this district, has been ordered by Federal Judge, Jlodine, of Nowutk, to appear at Trenton to e , plain why he participated In a raid in which Mrs. Julia Janofrhlk, of Iloose-' volt, N. J., was arrested and alcohol sci?ed which she said she was mimu- facturing to use in bathing her husband, ill with tuberculosis. The raid was made last) December. ' The husband since died. District Pro- ' hibitiou Officer George A. Demo, of I Newark, has aMo been ordered to appear and explain the seism p and urrest. Judge Bodlne said the facts did not warrant the action against .Mrs. Jatiof i chik. Her arrest, he said, constituted au injustice. Campaign Activities at Y. M. H. A. A campaign meeting was held at the Young Men's Hebrew Association last evening to support the candidacy of Mr. Ucnjaniin Serota, who is to bend the "New Ilullding" ticket. Mr. Saul I'elper was appointed campaign man- , ager, and the few remaining weeks that precede the nominations are to seethe with activity. .Mr. Serota is the only eligible aspirant to the office who has as yet professed his desire to run, and bis election by a overwhelming maj ority is nlmost assured. . L EGON FRIENDLY LABOR MAN SAYS Plastic Club Has Exhibition The Plastic Club has issued invita tions -for a private view of the nntiuul exhibition of works in oil, water color, pastel, sculpture, illustiations and min iatures today, from 4 to (5 o'clock, at ' 'J47 South Camae street. Ilegitiuiug i tomorrow the exhibition will be open to the public for the temainder of the mouth, each day from 10 n. in. to 0 p. in. Union Leader Denies Report of Hostility Workers' Represen tatives Asked to Meeting TO ADOPT RESOLUTIONS At the conference In the Major's re ception room today to arrange a pa triotic mass meeting labor unions will be asked to partic ipate. Representa tives of more than 100 patriotic socle ties have been re quested to attend by the county com mittee of the Amer ican I.eglon, which cnlled tho conference. Denial of recent auonmous charges that the American Legion, as a body, was interfering with organised labor was made by n l'hlludelpliin labor of ficial to ICd win K. Hollenbnek,. chair mun of the employment commiltee of the Legion. At that time the labor itpreseiitnttvc said that in u short time resolutions would be sent to twenty-one of the largest trade unions in Philadel phia requesting any of the. members who were eligible to the American Le gion to join tlmt body without delay. The local labor organizations thnt have been leipiested to attend the con ference are the Central Labor Union, Delaware Shipbuilders' Council, Allied Printing Trades Council, Federntiou of Railroad Employe, Brotherhood ot Carpenters nml Women's Trades Union. Gregg Post. Nn. 12, of Rending, Is plnnniug a St. Patrick's dance for the night of .Mnich 17. Lost week the en tire membership turned out at n booster meeting for the dance and more than 2H) women lelntives of members con stitute an auxiliary, which will guar antee the success of the affair, to which Philadelphia legionaries are invited. Victory medals will be presented to members of Yeomen (F) Post in the parish house at Locust and Sydenham streets the night of March 10. The presentation was arranged through M. T. Olson und the navy recruiting office here. It will be necessary to bring dis charge papers to the meeting. William P. Roche Post held n Twcn. tj -eighth Division NlRht last night at the Paschall Free Library, Seventieth street nnd Woodland avenue. Among those counted present were Colonels Edward Median, George Kemp aim Franklin Huller. Legionaries from dif feient posts in the city were guests. Prince Forbes Post is reorganizing Ilia band for several .Pjne ,jA"lJn4 incuts and a dance on March 22. The dance will be held in the Klngsesslng Recreation Center, Fiftieth street and Chester avenue. HOSPITAL SEEKS FUNDS St. Christopher's Hopes to Get Aid on "Donation Day" An appeal for funds Is being mado by St. ChrlstopheV'a Hospital, at Hunting don and Lawrence streets, to enable It to carry on Its woik of administering to the poor of the northeastern section of the city. "Donntlon Day" will be observed by the Institution tomorrow. Donotors arc urged to send contributions to Mrs. William Chattln Wethcrlll, the. treas urer, at 10 South Eighteenth street. During the last year morp than 800 Infants were cared for at the hospital andmore than 12,000 cases were given attention In the institution's dlspcu sary, BRYNMAWR AIDS CHINA $316 Raised by Sale of Food and Embroidery Two Jiundred dollars of a fund for China was raised at a recent supper at Tlrvn Mawr nt which Oriental food mj'sterles were served. One hundred nnd sixteen dollars previously had been given to the fund through the sale of embrolderv bv two Chinese students, the Misses Fong Kel Liu nnd Nyok Zoe Dong, Among the contributions from the presentation of a Chinese performance in the gymnasium on Saturday night was n check for $1000, the first of that slr.c given to this district to the famine fund. Boor receipts and pledges nmounted to $000. POTTSTOWN HEARS MOORE Philadelphia Mayor Tells Y. M. C. A. Athletics Helps Men Major Moore, speaking nt the annl verso ry dinner of the Y. M. C. A, at Pottstown, last night, declured the Philadelphia police must stay out of Kill tics. He ndvoiatrd more athletic fields and gymnasiums nnd a greater appreciation of the principles of tho Y. M. C. A. Athletics under such supervision makes for better men than the habit of shoot ing crops in dark alleys, he declared. Ho told Pottstown people that of 1800 applicants for places on the police force 700 were rejected because of low mentality nnd low standards of morality. PLANS- for j-our new project, lialldlnss, median. Irnl equipment. Plant extensions. Improve ments, property jmbdlrllon. D. FINSTON, Civil EnRinccr HMO rhenlnnt HI. Tel. l.oen US! Adjoining the St. James Walnut St. Between 12th & 13th 1222-24 Walnut Street $12 to $25 The Fabrics Are Very Much Improved in Quality Regulation Middy and Jack Tar Suits of Fine Blue Serge $12 IBIMMfrMWM "Stecker" Modes in Tailored and Sports Suits, Wraps and Dresses i -For Dnn m Blue Serge Norfolks With Extra Knickers $20, $25 Wash Suits 3 to 9 Years $2.25 to $6.50 Browning, King & Co. 1524-1526 Chestnut St. Tailored Suits m twill cords, tricotincs and Poirct twills. Severely tailored lines, with the smart tight sleeves, and in misses' blouse and straight line effects. $59.50, $75 to $175 Sports Suits of English Tweeds, Rainbow Tweeds, Velour Checks, and Worsted Jersey, with and without belts, in all the season's newest shades. $24.50, $35 to $95 Wraps Smart models -developed in Orlando, Marvella and Fortuna cloths, wool and silk Duvetyne. Trimmed with stitching, fringe and some with summer furs.. $65, $97.50 to $235 Street and Afternoon Dresses Canton, Roshanara and Elizabeth Crepes, Satin, Tricotine and Taffeta, in the new shades for spring. TWO UND ER ARREST AS DRUG PEDDLERS Pair Charged With Trying to ' Soil Narcotic to Detective I'nsiinnle Tolssst and John Newton are under arrest today, because they umvlttiiiRty nlcUcdn dciecUce as n post slblo buyer of ivliat the police, believe tob'e a narcotic drUff. Dotcctlvc Jolm Mahnffey was siand ing near Klghth nnd Vine streets last nlulit, when, ho said, ho was np proached by Newton, who wnnied to Know If be would like to buy it little "snowi" Mohoftcy was agreeable. He walked, 'he says, with Newton to Ninth and Cherry streets, where Tolassl joined tho party nnd tho three men went to the vicinity of Twelfth and Cherry streets. At tills point Tolassl is inld to have told Mohaffcy to pay him ?5.fi0 for the "snow," and to wait on the street corner with Newton until be returned, this movo bqltiB made lo prcVent pos sible locution of his room, Mahaffcy refused ,mt says tbol finally Tolassl agreed he would get tlie dfug, place It on n doorstep, wlierc 5tn haffey could get it and leave tlieSmoncy. When Tolassl appeared and placed n small packet on" a doorstep Mahnffey revealed himself as n detective and ar rested both" men. They will liavo a hearing today. To lassl is charged with having In his possession whnt the police think is ro calne, nnd Newton Is charged with having attempted IllcgalVy to sell the supposed drug. Tho detectives expect to locale and search Tolassl's room today, " r MOTORCYCLE .OFICERHuJ Machljie' 8kd; us Michael Mcd.il rleW'TUrtlt'Cornir' ' '" Michael McHoldrlck. mo, patrolmitn, nn Injured seriously I, night when jic was thrown ff0J, -J motorcycle, at ltooscv'clt ImulcvsM 1 Whllnkcr Htreet. If- I. i H. . ."' Hospital, suffering from a frs'clu'r. ' mv rnuiu McOoldrick was nalrnlln. n. . and ns lie turned into Whltaker (T" his motorcycle eWdded anH n ,, ' He was found unconscious In tho . ?1 ....... u .... ..... lih.. L roH MJ u.v nil .nilli'UIUUIIIHl, $35, $49.50 to $125 . ; A No price is right unless quality is right We make our clothes as good as we can and we make the price as low as we can then we say: If you're' not satisfied that both qual ity and price are right money back, 4 Hart Schaffner & Marx WW 'tl'.hm VtfM li Mtfv M You Are Doubly Insured at this Store, the Hart, Schaffner & Marx Guarantee and our own Strawbridge & Clothi'er- V ' u ,!,. 1- S" " isSs -tirMi-l.J,lW-J'i. lkfc.j
Significant historical Pennsylvania newspapers