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Union City Bank Receiver Sues of the National Bank North at Union City, started suits in Federal Court today against allegedly failed to pay levied by the Comptroller of Currency to enthe bank to meet its debts. Minnie Schults, of Union City, named defendant one for shares of tal stock with par value of each, and William M. Union other for He owned 14 shares of stock. tural sections of the country last Summer, suggest state that with thetically and with patience. farmer, ten years ago, added to his land holdings at prices two three times their normal measure production, showed the same poor judgment the speculator who bought "equities" that He now that he the victim entirely of the decline prices, of high taxes interest and that must be helped of his
More Inflation Proposals.
The attempt to correct the several effects of more inflation has been made in the past year. proposed again will bad worse follows the that have exother countries the must quickly down facts that debts created during the period cannot prolonged that must be made in circumstances debtors. This is only way by which permanent The sooner is realized the plished. earlier the phase business set in. cerns only debts domestic origin those our government and debtor countries It also involves changed attitude the the Reconstruction Finance Corporation toward that have little capacity for on their affairs and are the loans to most for instance, should the Frisco road expect further behind on the when is two interest on one R. loan? Markets Firm of the spite have faced the business world at the beginning the year. for this The strength stocks attributed somewhat in discussion currency that should react adbeen They have by the of strong preference for or the highest type municipal of corporation Nearly all of U. Treasury advanced above the obligations of last year since the figures paper for the high degree of bank statements liquidity This indicates similar that in prices bonds that equal of for fact that stocks deflation for three that quoted that the liquidation from private holders them be
Employers Stand Fast Members of the Retail Mason Material Dealers of Hudson County today issued ultimatum to their and helpers, truck drivers and hoisting engineers to accept wage by employers, last Monday, unless by their jobs will be filled "other men unthe the The action proposed by the terial dealers, should the workmen refuse accept the reduced scale, will bring the first real test of the strength of labor union officials Hudson County. Notices, setting forth ultimatum, the individual employes of the building maby yards, offering their jobs back at wage Mague Orders It announced none of the had received any replies their Frank Hague Charles charge of the police details at the various have protection ready to orders for materials from the various yards in Jersey City. During the latter part of last year, members the Retail Mason terial Dealers of Hudson County met representatives the labor unions flatly refused sign the had been in for the past three They down of wages before union heads and refused to budge. Labor leaders left the conference without making attempt to bitrate dealers of the cuts to be effectice Jan. the offices their respective plants. Last Tuesacting under from union none of the employee up for Police details at the but none of the dealers to from yard. The notice, sent to the of explains the taken by the terial dealers:
Our may be fully informed of the present controversy between of your and the Retail Mason Material DealHudson County, are submitting proposal and the facts direct to you. business depending upon has one the lines which since are all perfectly familiar our for co-operating with you the best for that our relations, and conditions shall be and fair. We think you know we have made any profit more than two years, that the railroad's gross has cut and that the of the had been cut more than know you cannot with your business we think that you know that cannot agree with your agents. Therefore, : feel that come talk with personally to your delegates for conditions for the Their to our rise We made similar appeal the years of and 1982, and upon newal contract. again went in December, 1982 (convinced the fact that negotiations reno of and tions : felt afford to pay we to continue in Your again sisted upon of the contract without changes
We therefore decided to appeal direct to our our schedule in the respective yards which follows: day. "Truck drivers $6.50 per drivers per day "Trailer drivers, "Hours, single time will paid per $10 per day eight single time hour the been We want fair with that will be your above until
