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PAlllN REVIEWS
Willi [if PAST YEAR;
LOS ANGl-ILl-ZS. Cal.. Oct. 5.—
Thomas ll. i'aton. general counsel for
the American l'lnnkers' Association. in
reviewing the work of his department
for the past year. before the conven-
rjon of that organization here today.
after discussing the subject of Federal
tegislation. referred to the call for
publication of bank salaries by for-
mer comptroller of currency. John
Skelton Williams.
“For the first time in the 58 years'
history of the national banking sys-
tem." he said. "the comptroller on
February 24. shortly after his retire-
ment from office issued a. call for re-
ports for publication of national
tanks. which included in the blank
form of statement for report and
publication. items showing the aggre—
gate amount of salaries paid to offi-
cers and cmployes. General objection
was immediately voiced to the publi-
cation of this information and Presi—
«lr'nt McKee. of the National Bank
division officially protested to the
comptroller. and also called upon gen-
eral counsel for'an opinion as to -the
mower of the Co'mptroller of the Cur-
mncy to force the reporting bank to
publish this confidential information.
“An opinion was promptly rendered
in which the conclusion was reached
that a statement of salaries paid did
not come within the spirit of mean-
ing of the law. not being a. statement
of the bank's resources or_linbilities,
and that the comptroller had exceed
“(2 his authority in making the re-
quirement that the banks should pub-
l'mh this confidential information;
This opinion was given wide publicity
and a large number of national banks
did not publish the‘information. The
matter has not been pressed since by
the comptroller's ofl'lce.’L ‘
Among the subjects of Federal leg-
islation in which the general counsel
sat-n mated. the report said. were the
. proposing a tax of one-fourth of
e. - in r (will. on bank deposits. to be
> 1.'L" .l by the bank to the depositor.
nwasure was opposed before the
4 and Means committee and was
'w- (liently tabled.
‘ mo-usure T-royidt-rl for
mvnt of savings d 3, trio‘nts c,"
”.rnnnl hank? z-mi "p!“ ‘al c'trrc't
‘ vapital and assets, in a plan to re—
1‘;
the csta“.
lieve the housing shortage. It was
pointed out that “a. simple amend-
ment to Section 24 of the Federal Re-
serve act. would enlarge the power of
national banks to loan on real es-
tate." The subject at present rests in
the files of the Committees on Bank-
ing and Currency in both Houses.
course of framing. at “'ashington.
Mr. Paton said. he participated in the
hearing before Treasury Department
experts granted to representatives of
bank and trust company interests. at
which certzfin' changes in the law
were advocated. There wrre: 1—
The advocacy of an exemption from
taxation of interest on bank deposits
of non-resident aliens. 2—The de-
duction of taxes paid by banks which
are assessed against shareholders. 3
—Deduction as losses of shrinkage in
’value of securities charged of! by de—
Ipartmental order. 4—Extension of
provision for deduction of worthless
debts. to include partial write-oft of
worthless dehts. 5—Exemption from
income tax of community chests and
deduction of contributions or gifts to
corporations or trustees for charitable
purposes. 6—0pposition to certain
-provisions of the Longworth bill (H.
R. 215) under which the cost to the
donor of every gift would have to be
determined by the doner when he dis-
posed of it. 7—Limitation of time of
liability of fiduciarles under Income
and Estates tax. S—Judiciat settle-
ment of estates tax.
“Our association."
;“is virtualliv
said )ir. Paton.
interested in Federal
regulation of fraudulent securities and
has been co-operating with the In-
vestment Bankers' Association in the
lprocuring of Federal legislation which
iwill adequately regulate the evil."
“‘0 bills are now pending in Con—
:gress which prov”?! different methods
lot regulation. the lienison bill and the
Volstead bfll . General counsel favor-
ed the Volstead bill. he said. because
it was intended to curb the safe and
offering of fraudulent securities
through special committees in each
Federal Reserve district. The bill. he
said. does not interfere with anyState
blue sky law. but will supplement
them.
Other topics discussed by Mr. Paton
included State taxation of national
banks. equality of rediscount privi-
leges. robbery of Federal Reserve and
member banks, through export bills
of lading. State legislation. the per—
sonal use of fiduciary checks. insur-
ance and protective work and digest
of A. B. A. resolutions and State
banking statutes. '
\Vhile the new Revenue bill was in ,
’ Thirty-five separate enactments of
measures recommended by the Amer-
ican Bankers' Association have been
lenacted by State Legislature in 19.21.
ithe general counsel said. Referring
lto the digest of State banking laws.
now in process of compilation. Mr.
Paton said the work of analyzing the
statutes of different States has thus
far progressed in going through them
alphabetically in the case of 13 States.
from Alabama to Michigan. All sub-
jects which affect. bankers. directly or
.indirectly. he said. are taken out and
listed.
SINGLE G LO‘VERS OLD MARKS.
liltOC‘KTON, Mass. Oct. 5.—~A
track record for the mile that had
stood for eleven years was hettered
at the Brockton fair here yesterday
when Single G paced to a new mark
in each 0! three beats in the free-for-
all Chamber of Commerce stake. The
race was worth $3.000. Margaret
three heats.
her out in the third. Single G's time
was 220513. 2:05 and 2:04-33. The old
record. set by Little Boy in 1910. was
2:06.
Q}
Scene lefiufi’be’?
Regent Tomorrow and
Here for Three Months_’ Stay
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FROM ALL monotony
IT LOOKS LIKE rrs eom'
To 9E A FURTY WARM
WELLMELL, we’lze so
‘ (9M 10 SE
E 7’0U
o
Store open daily ’till 6
‘
o
A combination of deep and thrilling interest!
ful and of service.
pontrasting brilliant color. ‘
Jackets of either ripple or straight effect.
from young folks’ 16 to women’s 53.
Remarkable in all features—including price of
, Second floor.
a
\
Lovely (affairs
of crepe " paper.
Summer’s passing does NOT_see the passing of the
i
I
l
l
Dillon finished second in two of the.
Dan Hedgewood heatingf
charming hat made of crepe paper 2
For proof. see the clever new shapes and cheerful
:Autumn styles now ready at the Dennison section.
Flowers that have all the beauty of Nature’s; some
‘fiso min-h like Nature’s blossoms that it’s difficult to realize
éihey are not. genuine !
Decorations for the table for special occasions, Jack
liorner pics for children ’5 parties, a dozen-and-one other
lnovcltics.
All made from crepe paper—and many of them to
{be made by any woman with deft fingers.
Instruction to be had Without chargerif you desire.
And the paper, in many many colors, at 15c a package.
Front basement.
.These fittings make
bathroom complete.
And more than complete; they make bathroom attrac-
ltive and convenient and sanitary.
Whether polished nickel or spotless white, their fin—
ish is permanent and they are easily kept thoroughly
clean.
T‘owel liars—SL2?) to $1.85. Towel bars—85c to $1.90.
$1.29.“ bars. white posts.-—$l.05 to (21855 W3. nickel posts-85c to
()pal shelves, staunch brackets.— ““5-
:2.75 to $5. Brush and tumbler holders—85¢ to
Standing soap dishes—70c. g 31.90
Tumbler holders—60c to $1.10.
Tub soap dishes—75c to $2.25.
Toilet paper holders—~45c to $1.35.
“'21“ soap dishes—$1.
Soap and tumbler holders-.4325.
ltrusli and tumbler holders—90¢ to
.5940. Towel arms—$1.25 to $1.85.
Toilet paper holders—85c to $1.35. Fauset soap (flames—$1.10 to $1.35-
Bath sprays, quickly adjusted—$2.50 to $3.
Bath stools, strongly built,—$2.25 to $7.25.
Medicine cabinet, good sizesl—éflfi5 to $12.
Mirrors, oak or White frame,—-$1.65 to‘$7.35.
1 Fourth floor.
“So Easy To Take Yeast;
in Tablet Form---Vitamon
INCREASES WEIGHT AND ENERGY—BEAUTIFIES COM-
‘_ PLEXION AND GIVES YOU BETTER HEALTH—-
' RESULTS QUICK. AND
Thousands of thin. nervous. run-down beautiful. Soremarkahle are the benefits
folks are turning to the new and highly from these highly concentrated Mastin’s
concentrated tablet form of true yout- VITAMON tablets that entire satisfac-
wtamines called Mastm’s VITAMON. tion is absolutely guaranteed or the small
Tim contains a proper dose of'a'll three amount you pay for the trial will be
“families in“! other health-giving ele- promptly refunded. Besuretoremember
merits which your body _ to make the name Mastin's VI-TA-MON—tha
firm tissue, strong nen'es._nch blood and original and genuine yeastAritamine tab-
is keen. active brain. It mil not cause gas let-«here is nothing else like it, so do not
or upset the stomach. but. 09 the con- timitationsorsubstitntes. Youcnn
tury. is_a great an! to digestion and in get hastin’s VITAMON tablets at an
O‘Brmmlnz chronic constipation. Boil: gooddrugp'm man 4 ’
or skin eruptions seem to vanish like '
magic under this healthful. purifying in- .
fluence. leaving the skin fresh, clear and .
- Lee 3 mm
Suits 'Of striking
beauty & value—$20.
Beautiful fabric, splendid lines, handsome. decoration, season ’5 favorite colors.
Velour and tricotine in pretty, shades of brown and blue; substantial and grace-
Most of them made with rich-appearing collars of fur.
Many of them with beautiful designs in silk embroidery or with embroidery in
Every woman may be reasonably sure of sharing in the opportunity: sizes range
$20
7!
Silk pettibockers
are just delicious.
. Frilly enough to be feminine. Simple enough to
desirable because of their rare comfort. Beautiful: 2‘
color. Such are pettibockers of silk jersey. 7
Of special interest are these of heavy silk jersey wig
frill edged in a contrasting color. And of What rich 11
they are ! $5.75
Lightweight and fine texture silk jersey with a d
ble elastic cufi, number of good colors—
Handsome petticoats of silk jersey With flonnce
rustling silk— . 32:95
Radium silk petticoats in brilliant beautiful ':
delightful flat tailored finish— ‘ $4.95
Second floor.
Step on the Gas!
pop and 4‘
'And away the ear jumps; full of
smoothly on; Beacon tires.
Great life ! Great strength ! Great durability !
Beacons are built to stand up against the grind
real use. Whether about town or on tour, they are
pendable. .
Guarantee of 8,000 miles service with every one.
Yep; all cords ! Oversize; staunch; worthy l
And here, for a limited time, at special price.
List Our " List
Price Price Price _
32 by 31/2 $41.15 $21.39 '33 by 41/3: $60.50 " ’
32 by 4 $52.30 $27.19 " 34 by 41/2 $63.50
33 by 4 $53.90 $28.02 35 by 41/2 $63.85
34 by 4 $55.90 $28.75 35 by 5 $77.35
32 by 41/2 $59.15 $30.75 37 by 5 $81.35
The universal size for small cars: 30 by 3% ' n , '
Six ply, \Red Seal Beacon cord, run greatly or-
measure up with 31 b‘y‘4 fabric tires— 516‘
ms. HOWLAND DRYGOODS co.
r ‘ Better profit by the opportunity, while them -. 3 -
also do it. ,
Fourth floor.
5
oil soap that
and removes er, 9
title of dirt, grass ,
.fl, and leaves. _'
..;; mirror-bright
s; left the paint V
1‘. 100% pure veg:
Norwalk Chronicler