Automatic Age

Issue: 1930 August

T
he
A
u t o m a t ic
C h a in B a n k in g
Many of the manufacturers and operat­
ing companies find proper financing one of
their most difficult jobs. It is that way
with all of us. Every man interested in
business of any kind can very well watch
the development in banking circles.
Congress has initiated an investigation
of branch and chain banking. Hearings
are now in progress, and the ext nCongress
will probably be confronted with the task
of establishing a balance between chain and
branch banking.
Chain banking has been encouraged
through the McFadden Law. World’s Work
for May state, “ Although official figures are
lacking, unofficial reports show that no less
than 273 chains of banks are now being
operated in 39 states. They comprise a
total of 1858 banks, and have resources of
$12,275,390,000.”
Branch banking also is growing.
Of the 25,115 state and national banks,
818 are operating 3,440 branches. Of this
3,440 branches, 1,078 are outside the home
'-ity of the parent bank. It is pointed out
that in the extension of chain and branch
banking, one of the fundamentals of the
American credit system is threatened,
namely, that credit which is based (upon
banking deposits should be controlled by
Versons within whose areas which furnish
the deposits, and thus be subject to the re­
straints of local interests and public opinion
in those areas.
Attention is called to the fact that the
nine year period ending last December 31st,
witnessed 5,640 bank failures, with aggre­
gate deposits o f nearly $2,000,000,000.00
contributed by more than seven million de­
positors. Ninety-two per cent of the fail­
ures have been in small banks in places
having less than 10,000 population, an ex­
tremely important fact, considering that
more than four-fifths of all the 24,912 in­
corporated banks in the country are located
in small towns.
Mismanagement, incompetent or criminal
management, deflation, robbery, graft, in­
sect pests, decline in the cattle market, drop
in the prices of wheat, and so on, are given
as causes for these failures.
The extension of chain and branch bank­
ing is not given as a contributory cause.
Congress must address itself not only to
find the basic reasons, but it must enact
legislation to safeguard banking against its
own weaknesses.
© International A rca d e M useum
A
115
ge
NO PESSIMISM
“ There is no need for pessimism as
to the future. We are an essential,
growing industry.
There is no
mystery about the problems that con­
front us. They are very similar in
nature to the problems that confront
other trades. They will yield to the
application of sound business prin­
ciples. All that is needed is the will
o f the majority o f operators and
manufacturers to tackle the prob­
lems.”— Selected.
A certain poultry fancier in Connecticut
explained to a visiting friend that he owned
one of the marvelous hens in the world.
Upon his friend inquiring what made the
hen so marvelous, he replied that by draw­
ing a blue cloth in front of the hen, she
would lay a blue egg, that by drawing a
red cloth before her, she would lay a red
egg, etc., etc.
The friend of course immediately wanted
to see the hen but the poultry expert
exclaimed that it was too late as the hen
was dead.
It seems that some ignorant fellow had
waived a Scotch plaid in front of her.
A tourist motoring from London became
confused as to his directions and noticing
a boy sitting on a fence nearby, inquired
of him:
“ Hey, son, what’s the rg h t road to
Norfolk?”
Boy: “ I dunno.”
“ Well then, how far am I from Birming­
ham?”
Boy: “ I dunno.”
“ Where does this road lead to?”
Boy: “ I dunno.”
“ You don’t know much of anything, do
yoo?”
Boy: No, but I ain’t lost.
Patient( to nurse)— “ Forgive me for say­
ing it, but I ’m in love with you. Really, I
don’t want to get well.”
Nurse— “ Don’t worry, you won’t. The
doctor is in love with me, too!”
— A. B. S., Inc., New York.
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T h e a u t o m a t ic A g e
116
Want Ads
FOR SA L E — ON ACCO U N T OF
closed territory, Mills Front
Venders—good mechanical con­
dition, with no value checks, at
$60.00.
One-half with order,
balance C. O. D.
Subject to
your inspection. Alabam a Mint
Company, P. O. Box 156, North
Birmingham, Ala.
t -f
FOR SALE — RECORDS FOR
your coin operated Phono­
graphs.
Popular makes E lec­
tric Process.
Save money on
lots of ten or more. Use only
the best for results. H. F. U n-
ley, Edgewater Park, Burl Co..
N. J.__________________________ tf-C
BASEBALL
FRONTS —
Flashy reel strips and direc­
tion card: best made. Mills,
$12.50 each; Jennings, $11.00
each;
W atling,
$11.00
each.
Service Coin Machine Company,
Logan Square Station, Chicago,
W A N T E D — C A IL L E JUNIOR
Bells.
Give full description
and price.
H. F. Unley, Box
239, Scranton, Pa.
T f-C
W IL L T R A D E — A. B. T. T A R ­
get Skills for nickel, dime and
quarter machines, or for penny-
nickel-dime-and-quarter B a l l
Gum
machines.
Twin
City
Novelty Co., 730 W ashington
Ave. N ., Minneapolis, Minn.
___________________________T f-c
FOR SA L E — RECORDS FOR
your
Coin-operated
Phono­
graphs.
Popular makes E lec­
tric Process.
Save money on
lots of ten or more. Use only
the best for results. H. F. U n ­
ley, Edgewater Park, Burl Co.,
N. J.__________________________ tf-C
FOR SA L E — A GOING BU SI­
ness
with
all
preliminary
work done, well advertised and
just in the right shr
for a
live wire to take an~
iake a
killing. W ill dispose of con­
trolling interest and manage­
ment and retain forty nine per
cent of the Stock, or will sell
entire stock.
Our machine is
protected
by
Patent rights,
whieh will be included in the
sale. Capital
$100,000.00,
In­
terested write. Edwards Novelty
Company, 606-lst National Bank
Bldg., Ft. W orth, Texas. C8-30
E V E R Y R E A D E R OF A U T O ­
matic Age should send 20
cents and get acquainted with
the “ The Advertising W orld.’ '
The magazine of ad pep, $2 the
year. The Advertising World,
Columbus, Ohio.
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These ads are 25c per line per issut.
Count six words to a line.
Send cash with order.
Minimum ad accepted $1.00.
SLOT M ACH INES— 2 4 JACKS
5c play new style, $17.50 each.
10 Advance single column 15c
cigareite machines, capacity 25
packages, $7.50 each. 14 A d ­
vance Duplex E 5c and 10c m a­
chines similar to those used for
candy bars or handkerchiefs or
sandwiches, etc. All machines
FOR SA L E — G R A Y A U T O ­ are in perfect condition. One-
deposit
required
with
matic Player Piano, with 25c third
Bell Attachment, $300.00, used order. H. Bloom, P. O. Box 351,
Madison
Square
Station,
New
very little. Nelson & W iggens
5c Player Piano, $250.00, perfect York City.______________________
condition. Or will exchange for
late model Mills machines. Anco FOR SALE V E N D IN G M A ­
chines. 25 5c numbered ball
Sales Co., 1512 E. 67th- St..
Chicago.
C7-30 gum machine, filled with gum
ready to use, $16.50 each. 50
CARTONS FOR — “ A D V A N C E Bluebird target machines with
Duplex E ,” 5c candy m a­ ball gum attachments, $13.50
chines, size 7 /8 " x l - 7 /8 " x 3 -7 / 8 " each. 2 Silver King gum ven­
$1.95 per 1,000 in 10,000 lots. ders penny, nickle, dime play,
$16.00 each. 6 5c Puritan Bell
Acorn Specialty Co., 986 15th machines,
$15.00 each. 5 Star
Ave., Milwaukee, W is.
8-30 ball gum, $16.50 a case of
10,000
balls.
Numbered
ball
DO YO U COUNT P E N N IE S ?— gum, $6.00 a set. One-third cash
The
Presto
Coin
Counter with order. Balance C. O. D.
counts and stacks 100 pennies in Mammoth Vending & Supply
15 seconds.
Fits the pocket. Co., W oodville, Penna.__________
Price $1.50, cash with order.
Money back if not O. K . Box 71, FOR S A L E — 5 B. & M. B A B Y
Care Automatic Age.
T -f
Vendors, $15.00 each; 5 Vest
Pocket Basketballs, $5.00 each;
W A N T E D — P E A N U T V E N D ­ 5 New Erie Nerve Testers, $5.00
ing machines, Advance or each; 5 Norris Master 1-2-3
Columbus, in good condition gum machines, $4.00 each; 2
and priced right. Give full de­ Norris Penny Back Pistol m a­
tails. N. Turner, 7018 Clyde chines, $3.50 each; 2 A . B. T.
Pool Tables, $37.50 each, with
Ave., Chicago, 111.
stands; 2 Bigelow Candy Cabins,
3 compartments with stands,
H A V E 24 D U GRENIER H E R - $10.50 each; 8 Mike Manikens,
shey venders also 24 Thomas $25.00 each; 10 Y u Chu Sweet
Kearns,
10 Rushour all in Breath machines filled, $6.50
excellent condition. W ire or each; 10 Columbus lc Peanut
write best offer. Tractor City machines, $5.00 each; 10 U ni­
Chocolate Co., 104 S. W ash St., versal Outside Gum machines,
Peoria, 111.
$7 50 each. Send 1 /3 deposit
balance c.o.d. Hartle, Madison,
A T T E N T IO N
SCALE O PER- New Jersey.______________________ _
tors. W e have a new type
penny weighing scale, small in W A N T E D — SECA
SCALES
size, low in price mighty in
any condition.
State lowest
earnings. Schubb & Company, price and description. Samuel
6359 14th Ave., Detroit. Mich. Jaeger,
506 Gravesend Ave.,
Brooklyn, N . Y .
FOR SALE — B R A N D N E W
all steel collapsible stands
for all kinds of Mint vendors, SCALE OPERATORS IN T H E
Metropolitan Area and New
$4.00. Milton M. Pearlmen, 2320
Main St., Hartford, Conn. 9-30 Jersey. Let me do your scale
repairs. Expert work. Quick
Moderate fee. Samuel
FOR SALE — 50 M OVING T A R ­ service.
gets for sale, about 2 months Jaeger, 506 Gravesend Ave.,
Brooklyn,
N. Y._______________
old, $40.00, or will trade for 3
Jacks, Puritan Bells, Jennings
RESERVE
Gumbal Slap Target, Vendors B R A N D - N E W
Jack Pot Targets, penny or
or Mills, Jennings or W atling
Jackpots. Also 25 new model nickel play, beautiful in appear­
Basket Balls, at $7.00 each. 10 ance and certainly does get the
Exhibit Base Ball Slap Targets, play. Latest mechanical im ­
at $7.00 each. One-third deposit. provements. Built to wear a
Colonial Sales & Novelty Co., lifetime. Only $12.50 each. Serv­
1605 E. 39th St., Kansas City, ice Coin Machine Company,
Logan Square Station, Chicago.
•Mo.
W A N T E D TO B U Y
Mills and Jennings 5c and
25c Bells— Side Venders, ana
Front Venders. Must be genuine
Bulls-eye machines. Keeney &
Sons, 700 E. 40th St., Chicago.
tf-C
W ANT ADS TO BE INSERTED MUST REACH OFFICE
BY THE FIRST OF PUBLICATION MONTH
W AN T ADS MUST BE PAID IN ADVANCE
© In tern atio n al A rc a d e M u s e u m
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