Word: branches
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Dates: during 1930-1939
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...time of trouble, this lack of attention to the most important branch of government in our country, for so many years, is having serious results. The taxpayer is revolting against the needless burden he has been required to bear. New local governments are made to assume new and costly services, including unemployment relief on an unprecedented scale and yet operate with reduced taxes. Many medicine men are prescribing aids for the local government in the form of state or federal assistance. It is, however, possible for citizens to organize effectively enough to bring about good local government in their city...
...thing to be gained from this period of sorrow and want is the recognition of the importance of local government, and that the best way to reduce the taxes is to have good government in cities and counties of this country," continued Mr. Seasongood. "It is the most important branch of government, although not generally thought of as such. The best remedy for the ills is a realization on the part of the people that it is extremely costly to have poor local government, and tax money amounting to many million dollars can be saved by good, efficient local government...
...thoroughgoing banking reforms can be brought about until two vital changes have been accomplished. The first is to bring all the commercial banks of the country, small as well as large, under the single aegis of the Federal Reserve System. The second is to establish sensible provisions for regional branch-banking. . . . Then we should have something worth talking about...
...Almost all the failures early this year of small suburban banks around Chicago could have been avoided if it had not been for the fact that the Illinois statutes permit no branch banking. It was quite impossible under the law for the large Chicago banks to attempt to serve the important suburbs. The lesson must be glaringly obvious to the whole country...
Class of 1934: Meyer Howard Abrams, of Long Branch, New Jersey; Edward Augustus Ackerman, of Spokane, Washington; Daniel Joseph Boorstin, of Tulsa, Oklahoma; Donald David Cody, of Hartford, Connecticut; Anderson Chenault Dearing, Jr., of Washington, D.C.; Barney Feldman, of Lynn, Massachusetts; Edward Settle Godfrey, of Albany New York; Herbert Maurice Katzin, of Newark, New Jersey...