Wilmette Life (Wilmette, Illinois), 12 May 1938, p. 59

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the guaranty -that'ail stockholders' will .be paid in full Up to $5,000 by the Fýederal Deposit Insurance corpora- tion, in case a bank is élosed for n reason, the additional liàbility of the stockholders is no longer considercd necessary. Bached By Leaders Judge Thompson.is chairman of, the Conistitutional11,Amiendment commiît- tee, which includes prominenit men and women from every section. of lii nois. He said ïn b is announcement that. continuationi of thé doubleéia bility thjreatens tbe existence of the- state banking'systemn. "Onily 6vestate.bank charters.have been issued in Illinois since the- banik moratorium of 1933," said Judge Thompson, "In the samne period six- teeti state banks have been converted into national banks, and ninety niew nationial bank c hartrs aveiart en is- stied. Voluntary liquidation proceed- irigs have been begun by eighty-four More state banks. "In other words, mzen and women who formerly were willing to subscribe for a f ew shares Izuwu1 * ,U'Wc a p i ta1,,but as this is tantamount to a $10,000 in- vestmient as long as we have the double hiability, the capital simply cannotIbe raised. ýýThe N a, t'i o ni a 1 Goveranment and tbirty-eight - states have already re-' mnoved this double liability either. by legislative enactmnent of congtitution - al amnendmhen, an d others are nowipi the plrocess of ýdoing so. W e believé that as, long as we have a dual form o- government We.,should. also have a dual system of banking. We plan1 to place informnationï on -aIl phases of the We watch the level of the oil in your tank, and znintàin it âbovè the T"danger uine." More Braun Bros. custoniers than ever before are specifying, this special service. We relieve yrou of ail respoÜsibility. foryour Your huntier was huit to hum onie gradi of o6il. Dou't be ,m isl1e 4 by' la-ims .,for substitiutes. B ra un. engineeri wil -.,survey your bea t i ng p l'a n t and reconîmend the right ofi for yotir requirements. Bran ,Bros. Take the Entire Our large storage fatilfies, our big footf of modern tank trucks, work tog.thet. assure Braun. Bros.- customners a constant oit sorvk., Braun Bro. prices ore slways low. PlI NTED MI To quarante. full our skihd personel. aï supply. in spit. of extra. TIC 1KET FOR TOUR PROTECTION trucks are seeled by .41,.City Soeler, and *H I~N I j I

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