Kankakee Valley Post, Volume 1, Number 14, DeMotte, Jasper County, 27 October 1932 — Page 2

LENDS MILLIONS BUT HAS NO REAL MONEY

R. F. C. Unique Superbank Designed to Aid Business. Washington.--A giant super-bank that looks and acts like none of the other banks in the world. In a few short months it has outstretched all of them in size and power. It is doing a land office business in Washington these days, writes M. L. Ramsay in the Chicago Herald-Exam-iner. This super-bank is the Reconstruction Finance corporation, which congress created to ease the country through the depression. It is unique, something new under the governmental and financial sun. Not a dollar of real money passes through it. No gold, no stacks of bills; no tellers’ windows, appear anywhere on the nine floors of an office building which it has taken over and almost filled. Two of the seven men directing its operations are not professional bankers. Several of the others, before their appointment as R. F. C. directors, were only “part-time” bankers. They gave most of their attention to other lines of business. Yet the corporation has a capital of $3,800,000,000. In seven months it has loaned about $1,500,000,000. That is just twice as much as was disbursed by the War Finance corporation in its entire career. The R. F. C. holds power of life and death over many of the country's banks, and in the recent era of bank failures went to the rescue of more than 4,600 of them with loans of more than $800,000,000. It is the overlord of a $1,500,000,000 construction fund which if fully used, might make jobs for 2,000.000 men. By lending funds to hold stored cotton off the market, it has buttressed cotton prices so the farmer may get more for his crop, and begin to buy clothing, furniture and farm machinery. All these things the corporation achieves with pieces of paper, but paper backed by the vast credit of the United States government. It authorizes a borrower, whether a state, a big city bank, or a struggling building and loan association, to draw upon the treasury. The treasury raises the funds by selling to investors its notes or certificates. It accepts from the corporation R. F. C. debentures, or promises to pay. When the R. F. C. ultimately collects the loans it has made, it will pay off these debentures. Meanwhile the R. F. C. holds as security for its loans the mortgages or other assets --some of them “frozen”--it has taken from its borrowers’ collateral. Scattered over the country it has 32 local agencies, each with a mana-

Speedy Gopher

Walter Hass, captain of the University of Minnesota eleven, is classed as one of the speediest quarterbacks in the Big Ten this year.

ODD THINGS AND NEW

ger and a volunteer advisory committee of bankers and business men. A force of examiners at R. F. C. headquarters here checks up the loan application and makes its recommendation. A board-of review, above the examiners, does likewise. Then the application goes to the R. F. C.’s seven directors for approval or rejection. Money for relief, or for construction projects, is obtained in somewhat the same way. A relief director, who has a small field investigating force, canvasses all applications before they go to the directors for action. A new branch is in process of creation to lend a hand to the farmer. Many farmers have a surplus of grain, much live stock and plenty of debts, but no money and no credit. If compelled to pay their debts at once, they must butcher their live stock at ruinous prices. The plan is to tide them over with “feeder” loans. They will feed part of their grain to the live stock, which will be sold only after it has been fattened.

New Hint for Fall

The little jacket and muff of baranduki become an integral part of the costume when the same fur is repeated as trimming on the green oblique frock. Wood clips on the belt.

Ice Cream Has Guardian According to Professor

Ice cream has a guardian, according to Prof. R. M. Washburn, director of the Dairy Products institute, Milwaukee. Professor Washburn is one of the foremost ice cream authorities in the country and in a recent article disclosed that good ice cream has a guardian of quality in the form of gelatin. Gelatin, according to Professor Washburn, prevents the formation of coarse or grainy ice cream. In freezing ice cream, millions of tiny ice crystals are formed, too small to be noticeable when eaten, but these tiny particles immediately begin to unite with others and grow. Gradually, they keep on until they form noticeable pieces of ice large enough to be felt by the tongue; in other words, the ice cream becomes “coarse.” But just at this point, when gelatin is used, it forms around each of the tiny ice crystal and prevents them from uniting or growing. Thus, the gelatin becomes a “guardian” of ice cream and maintains the original smooth, velvety texture of the product until it is delivered to you.

By Lame Bode

THE KANKAKEE VALLEY POST.

Making Hoover Dam Diversion Tunnel

This concrete gun carriage is placing 110 degree top-arch concrete in the diversion tunnel of the Hoover dam. The concrete is hauled by truck in dumpbuckets into position under the carriage, hoisted to the upper deck by a bridge crane, dumped into hoppers, and shot into forms by compressed air through two 8-inch steel and rubber pipes.

FAMOUS CLIPPER SHIPS WILL SAIL SEAS AGAIN

Two Taken From “Graveyard” and Refitted. Oakland, Calif.--Decks agleam and sails newly patched, two square rigged ships of the Alaska Packers’ fleet, for years "buried" here in the mudflat “graveyard” of the Pacific, are ready to sail once again through the Golden Gate and follow the paths along which they once blazed a glorious chapter in American history. They were the Star of Alaska and the Star of England. Soon they plan to sail through the maze of their sister ships’ masts, huddled together as if to break the loneliness, and out into the Pacific. . The Star of Alaska and the Star of England are being refitted for a new life--strange ones, no doubt--at sea. The Star of Alaska has been sold to a group of students from Spruce Pine, N. C., who plan to conduct a "floating university” on a round-the-world cruise. They plan to sail from San Francisco bay with the South seas and Australia as their first stops.

OF INTEREST TO THE HOUSEWIFE

It is a mistaken idea that cucumbers must be soaked in cold water for some time before serving, to remove the poison in them. They are not poisonous. Slice them and cover with ice until ready to serve, then remove ice. * * * Wash the zinc tray in your gas stove, then cover with vinegar, let stand a few minutes, rinse well and dry. All spots will disappear after a few such treatments. * * * For cucumber cream sandwiches, cream butter until light and fluffy; add lemon juice gradually, beating constantly. Fold in grated cucumber and serve over fish. * * * Spirits of camphor will remove fresh peach stains from linen if its application is followed by the use of soap and water. It will also remove white spots from furniture.

Life

by Charles Sughroe

The Big Disappointment

The Star of England's new owner, Edward Elsen Grieve of Los Angeles, will take the square rigger to the South seas to "get away from the ticker tape and forget the depression.” With Grieve will be a party of writers and scientists. A year ago one of the two old Star clippers, the Star of Alaska, its white canvas billowing, cleared the Golden Gate and took part in the Alaska salmon season. It returned to its resting place here after a successful trip. Aged mariners recall the days when entire fleet of 25 clippers made the annual run. Then it was that skippers bet the customary $1,000 and the crew its last nickel on the outcome of the race to Puget sound. Two years ago the Star of England and the Star of Alaska staged their last race. Last year the Star of Alaska sailed alone. For the first time, steam vessels were used exclusively this year by the packers, the sailing ships definitely abandoned. Of the original 25 in the fleet, only nine remain. The others have been sold.

THE HELPFUL WIFE

By THOMAS ARKLE CLARK

Late Dean of Men, University of Illinois.

It was the consensus of opinion in the neighborhood that Mrs. Bronson

was a great help to her husband. In point of fact she was really the brains of the combination as women not infrequently are. He had been made into a teacher by long training and experience while she had been born one and had been kept from distinction through having to look after her

household affairs and to prod him along. He was a scientist, or at least he

was engaged in teaching science, and it was Mrs. Bronson who read the scientific journals regularly and kept her husband advised of what was going on in scientific circles. She got his material ready for him whether he was making a speech upon some recent scientific discovery or doing an experiment which involved apparatus or materials of any sort. She could have done the work better than he was doing it, only she was satisfied to look after her household and merely to be a help to her husband. The Grover family was considered in very good circumstances. Grover had never had a large salary, but it was adequate, and more than what was required to keep the family comfortably. In fact, however, Grover knew very little about investments and business in general. He just knew how to take care of the particular job which he was holding. It was Mrs. Grover who got the circulars and booklets and general advice from bond houses and investment organizations and who developed a rather keen intelligence as to what should be done with money in order to invest it safely for exigencies of the rainy day. She had the key to the safety deposit box that was in Grover’s name. She cut the coupons, she made the bank deposits, and she knew exactly what investments they had and how they were distributed. She was in reality the financial manager of the firm, and without her Grover would very likely have been insolvent. She got very little credit for her helpfulness, however. Downs is quite generally spoken of as the best dressed man in town. He deserves no great credit for his careful appearance. It is his wife who packs his bag when he is leaving for a trip; it is she who looks him over and pulls him into shape before he leaves in the morning. She brushes him off and sees that he is properly groomed. She’s the helpful wife. ©, 1932, Western Newspaper Union.

GABBY GERTIE

“A tall man may stand on tiptoe and still not be able to reach an agreement.”

Pretty Debutante

One of the prettiest of the season’s debutantes in Washington is Miss Mary Harrison, daughter of Senator and Mrs. Pat Harrison of Mississippi.

“Complexion Curse" She thought she was just unlucky when he called on her once--avoided her thereafter. But no one admires pimply, blemished skin. More and more women are realizing that pimples and blotches are often danger signals of clogged bowels--poisonous wastes ravaging the system. Let NR (Nature’s Remedy) afford complete, thorough elimination and promptly ease away beautyruining poisonous matter. Fine for sick headache, bilious conditions, dizziness. Try this safe, dependable, allvegetable corrective. At all druggists'--only 25c NR TO-NIGHT TOMORROW ALRIGHT Quick relief for acid indiges"TUMS' tion, heartburn. {lmprove Your Complexion Cuticura Soap, assisted when necessary by light touches of Cuticura Ointment, does much to prevent pimples, blackheads and other unsightly eruptions. Soap 25c. Ointment 25 and 50c. Sample each free. Cuticura Address: "Cuticura," Dept. 4T, Malden, Mass. Try Lydia E. Pinkham’s Vegetable Compound Had Melancholy Blues Wanted to die...she felt so blue and wretched! Don’t let cramps ruin your good times. Lydia E. Pinkham’s Vegetable Compound gives you relief.

Why Get Up at Night? That sleep-destroying desire to urinate at night is generally due to an irritation of the bladder or kidneys. During 237 years Gold Medal Haarlem Oil has brought relief to many thousands of such sufferers. Try it. But insist on GOLD MEDAL. 35c & 75c. FREE A generous sample, free, if you print your name and address across this advertisement and mail to Department “F”, care of GOLD MEDAL HAARLEM OIL COMPANY 220--36th Street, Brooklyn, New York Uke a Guitar Miniature The ukulele was miniatured by the Hawaiians from the guitar introduced by Portuguese traders. Constipation POISONS YOUR SYSTEM Housewives who are kept indoors working and caring for others commonly neglect themselves. Sick headaches, backaches, and worn out feeling are symptoms of poison in the system caused by constipation. Don’t neglect nature's warning. Take Dr. Morse's Indian Root Pills to clear your stomach and intestinal tract. A favored remedy for fifty years. At all druggists. Dr. Morse’s INDIAN ROOT PILLS Mild & Gentle Laxative Effect of Shock Cutlip--Why can’t you sleep? Heald--Well, you see, every time I fall asleep the jar awakens me. Don't Neglect Your Kidneys Heed Promptly Kidney and Bladder Irregularities If bothered with bladder irregularities, getting up at night and nagging backache, heed promptly these symptoms. They may warn of some disordered kidney or bladder condition. For 50 years grateful users have relied upon Doan's Pills. Praised the country over. Sold by all druggists. Doan's Pills A Diuretic W. N. U., CHICAGO, NO. 44-1932.