The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-05-20
AMERICANS DESIGN
THE PERSIAN RUGS

expected period of public speculation
which cheap money usually creates.
This is the opinion of leading bank
cts out a link during the next three
months the banks will advance their
rates, which now are so low. 1t is a
curious situation full of contradictions.
Good business, bigger industrial and
railway earnings and advancing stock
markets but higher money rates and
less general investment. Poor general
business will continue the cheap money
unaccountable mad Jurors in the stock
market in the face of curtailed earn
ings, for the public in the west invari-
ably buys when it enters the stock
no matter what money rates or bust
ness conditions dictate. These facts
make the May money rates of unusual
interest, for during May of previous
yaers some sensational advances in
CALI money rates have been made.
Notably in 1906 and 1901, the May
markets have seen a sensational rise,
due to special causes. The II per cent
quotation at the opening of May three
years ago reflected the unsettlement
following the San Francisco disaster
and the heavy transfers of currency
through the subtreasury to meet the
relief of expenditures and the prelim-
mary loss adjustments. The Is per
cent quotation Of May 1901, came on
however, and although it was a high
money year, call money only twice
thereafter got above 10 per cent. Pre-
parations to meet the $6O,000,000 pay
ment on the Amalgamated Copper sub
scriptions in May, 1899, with the financ-
ing of the $20,0OO,O0O indemnity pay
ment by this government to Spain,
brought about the per cent quota
ton in May, 1899. With these excep-
tons, however, call money has ordi-
narily ruled between and per cent
during May
Wind Did Damage.
Claims upon insurance companies
for recent Windstorm losses which are
now pouring in upon Chicago Offices
tcll story of damage and disaster the
extent of which even now is not fully
known. The recent gales which swept
the country brought trouble in their
wake not only to the victims of storm
but to those companies, which now face
severe losses. The cloud had it's silver
lining for the companies, however, in
asmuch as it again stimulated the
writing of tornado insurance, which at
one time was general especially in the
Mississippi valley states For a num-
Der of years tornado insurance was
very profitable, but this gradually re-
suited in an increase in commissions
and with the enormous losses in the
past few months the chances for profits
are being materially reduced One
company paid $4,000 in a single storm
this year. These losses, combined with
the Chicago elevator losses by fire, have
given several Chicago departments the
worst week tin their history for claims.
Want More Parks.
More parks and fewer keep off the
grass" signs were endorsed by the COM
mittee on parks and bouevards of the
Illinois legislature after touring the
present park system of Chicago Breath
ing spots as a city's asset were discov-
cred to be invaluable when the figures
and the parks themselves were submit
ted to official scrutiny. At one park a
legislator exclaimed: Just one OBJ
lection to this place There's a Keep
off the grass sign. I'd like to see the
kids rolling on ali the grass in every
one of our parks if they care to. Let
them have all the fun they can That's
what the parks are for" This view
l2tsr was endorsed by the committee
and the signs, already infrequent, will
be still fewer. The committee of SOL
ons, recalling their own youth, grew
enthusiastic at one park where the
2 reading ROOM lunch room, auditorium
and gymnasium. Green grass. SWIM
ming pools and recreation with relation
to the cost of policing and of sanitation
Of the city were discovered to be prac-
teal as we'll as desirable. million
dollars more for the West Side parks
is asked although Chicago already has
1896 acres in its park systems-1,SS5
on the south side, 626 acres on the west
side, 56S on the north side, including
Lincoln park and it's Zoo and 1T
acres in small Fairgrounds and squares.