Word: deposit
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...Considered raising the limit on insured bank deposits. To the 13,719 U. S. banks now insured (up to $5,000 per account) by Federal Deposit Insurance Corp., Chairman Leo Crowley sent a letter asking for statistics on the number of their accounts over $5,000 in size. Recalling that Chairman Henry Steagall of the House Banking Committee had advocated increased coverage, Chairman Crowley said FDIC was willing to raise the ante if the additional risk were "very small." Previous estimates showed that about 95% of U. S. deposits were covered by the present limit. But a new estimate...
...miles from North Beach stand the spindling 700-foot Trylon and the great round Perisphere of the New York World's Fair 1939. A thick slice of premium revenue will undoubtedly go to the transportation system that can pick up the sightseer at his home airport and deposit him in the shadow of the World's Fair's Big Apple...
...formal searching permit from the U. S. Forest Service, so that even if the body were found by someone else it would still belong to the Smithsonian. Free-lance searchers disagreed with this view. The Portland Oregonian quoted one "eminent," unnamed Oregon jurist as follows: "Anyone finding a mineral deposit (and a meteorite is a mineral) may file a claim and get possession by going through certain legal procedure at the courthouse of the county wherein it is found...
Died. Dr. Leo Frobenius, 65, explorer, ethnologist, anthropologist; at Intra, Lake Maggiore, Italy. In 1912, Frobenius opened up the richest continental deposit of cave paintings and engravings on the first of his twelve African expeditions, subsequently became recognized as a top-rank authority on prehistory. Selections from the mammoth Frobenius collection at Frankfurt-am-Main were last year giving a whopping exhibition at Manhattan's Museum of Modern Art (TIME...
...Austrian family named Wurschinger. In 1927, Alfred Wurschinger, an importer, brought the relic to the U. S., was offered $65,000 for it when news of it got into the press. Unwilling to sell, Owner Wurschinger insured the fragment for $100,000, put it in a safe deposit vault. Last week, unable to shoulder the expense and worry any longer, Mr. Wurschinger announced he would give the holy relic to any church, religious order or museum which would undertake to expose it to reverent eyes during future centuries. At week's end, Mr. Wurschinger's agent had received...