davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
CLOSED steady
SPOT COTTON MARKET.

Atlanta steady; middling 11h
New York quiet; middling II As
New Orleans. quiet and steady. middline
11A
Liverpool, steady; middling 6 S6d
Savannah, quiet; middling 115a
Augusta, quiet, mddling 12c.
Mobile, steady; middlng ia
Galveston, steady. middling II 9-l6.
Norfolk steady, middling 11i5
Wilmington, nominal.
Little Rock. quiet; middling lily
Charleston, nominal; middling 111a
Philadelphia, quiet; middling ITO.
Boston, quiet middling II As
Baltimore, nominal; middling 11x
Memphis, steady; middling 12c.
ST Louis, quiet; middling 117s
Houston. steady; middling II 7-16.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
COTTON MARKET OPINIONS.

Thompson. Towle &, Co: The market
will require stimulating
Pel &, Co: Buy cotton on soft spots.
Logan & Bryan: Market will be higher
unless rains are had shortly,
Hayden, Stone & Co: Good buying will
be required to hold current levels should
favorable weather continue,
] S. Bache q Co. We advise the pur-
chase of the distant positions on any
sharp reaction.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
POULTRY, BUTTER AND EGGS.

NEW YORK. June Stressed poultry
quiet turkeys, 13@22; chickens, 1711 a
90; fowls ll1a @is; ducks, 1902; geese,
asked. roosters. asked; ducks. L
(bid) geese, asked.
Butter firm; creamery specials, 27l5 q
2s: creamery extras, 261202714; state
dairy. tubs. 22623: process specials. ESQ
p T.
Eggs firm: nearby white fancy, 20 (bid) !;
nearby brown fancy, 21@22; extra f1rsts,
211ad22 firsts. $50 10
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
ANGE IN NEW YORK 1-UTUHEs
Closed quiet

Liverpool was due 8 to 4 points higher
Opened quiet at 2 points advance At
~; 10 p m. was idle at an advance of 1
a unchanged prices middling, $50, sales,
1000 bales, including $500 American
speculation and export, 500; imports L.
0OO; American, 100. Tenders new docket,
900 bales
At the close the market was steady at
70 point higher than Tuesdays final
RANoE IN LIVERPOOL FuTUREs.
EIIfliEaa ntn
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
NAVAL STORES.

SAVANNAH June 5-Turpentine firm
at 4sA sales 100; receipts 70S
Rosin firm; receipts 3,615; water white
81 4eG so, window glass s74oa 7.55, \
$751; 675o, NJ s7.371a a7.4o. K $3.50
1921, s73567 40, H $780,. 3711 G s735
073715. G S7.S5GI7 1919, F 1922, F $685.,
D Sc 40. B a S590G6 30
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05

CHICAGO, June 5.--Wheat was irreg-
ular this morning, selling as much as
l4c below the resting spots last night and
Sc above. The undereurrent was one OF
strength. Small receipts in the North
west and higher cables, with the CONT
nent good buyer of arrived Australian
cargoes, were the Strengthening influ-
ences.
Corn was held within a narrow range
and July was about unchanged. Septem-
Der was shade higher and December a
shade lower
oats were &c higher to &c lower, July
showing most strength
Provisions were steady and unchanged
Wheat closings showed recessions Of ]
to 11sc as compared with last nights
close. The weakness toward the end Of
the day was on the conflicting reports or
rains in Kansas and Nebraska, which
caused the trade to act with more or less
caution.
Corn closed as to 1ac lower on selling ny
scattered long interests and lack O.
buying power.
ing
Provisions were better all around
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
INTERIOR MOVEMENT.


NEW YORK June 5-There was re
rewe6 frrnes N metals todaN
Quotations Copper is 5OG1T0 90, June
ard July ls69R = So August Septen-
Der le 64ls = 81 % lead 4 goa 80, spell
ter. 690g 90. tin, IS $50 1880.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
gRADsTREEr's VISIBLE SUPPLY.

Following shows the weekly Brad
streets visible supply changes in wheat
and corn for the week:
Wheat decreased 5 1898 900 bushels.
Corn decreased 339 600 bushels.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05

Ask any business man and he win tell
you The Georgian Want Ad columns
reach more people and bring better results
that could not be obtained in any other
vnedium in this section.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
COTTON SEED OIL.

NEW YORK. June 5.-Carpenter. Bag
got & Co: There we're few buying or
ders and in consequence trading was in
active and the undertone easy
Cotton seed OF nnotatinns.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05

BOSTON. June 5.-opening: Butte su-
perior 421h, Calumet 500, Calumet Arizona
70, Quincy 81, Lake Copper 4OA, Copper
Range 50.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
PORT RECEIPTS,

The following table shows receipts at
the ports today compared with the same
day last year:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
pRIMARY MovEMENr.
LIVERPOOL GRAIN MARKET

Wheat opened 1sd to sd higher; at 4 80
p. m. was 3sd higher. Closed sd to I'D
Corn opened I'D to id higher; at f:3O
p m. was sd to I'D higher. Closed Is
higher.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
CHICAGO CASH QUOTATIONS.

CHICAGO, June 5.-Wheat. No 2 red,
hard winter, Silly @112A; No 3 hard
winter, $1.091ad11114; No. l Northern
spring, S116q119; No. 2 Northern spring.
$1.15a S1.18; No. 3 spring. S109d115.
Corn, No. 2. 741a 07515 No 2 white, 1919
$50; No. yellow, 1917; No. g. 1870
TAX No. white, 7S@79; No yellow, Is
Q7534; No. white, 75G761s; No vel
OatsZNo. { white, 54a4 a 1864; No 3
white, 530541A; No. 4 white, 511aQ5S;
standard, 53ta d55.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
WHEAT BREAKS
TOWARD CLOSE
Conflicting Reports on Rains in
Kansas and Nebraska Cause
Trade To Be Cautious.

ST. LOUIS CASH QUOTATIONS.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05

NEW YORK COFFEE MARKET.

Coffee quotations:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-05
MINING STOCKS.

Total sales, 542. 600 shares,
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01

Tie daily cares OF keeping house
and bringing up a family are hard
enough for healthy woman. The
tired, weak mother who struggles
FROM morn to night with lame, ach'
ing back is carrying heavy burden.
Many women believe that urinary
disorders and backache are female
troubles" and must be endured. But
men suffer the SAM aches ana trou-
bles when the kidneys re sick.
Women are especially subject to kid
ney disease. Tight clothing, indoor
work, the ordeals OF childbirth, the
worry, and the STOPPING, straining and
striving OF holsework all help to bring
It on. At first the trouble may be only
backache, sick headache, dizziness
and n drowsy, dull languid feeling but
this condition is dangerous to neglect,
for dropsy. gravel and deadly Brights
disease start - some such smal- way.
Don't be discouraged. When back
ache, nervousness and irregular or
painful passages Of the kidney secre-
tions begin to bother you, use Doan's
Kidney Pills, the remedy that has
brought new life and strength to thou
sands of suffering women. There are
no poisonous nor narcotic drugs In
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
ITCHING, BURNING ERUPTION

Thomasville, Ala.-"I suffered with
eczema on my hands and feet two or
three years. About eleven years ago /
became troubled with an itching, burn.
ing eruption which came on my hands
and feet in little water blisters and in
about day or two when | would let
the water out or wash 1t out, using my
hands, then the places would tester
and itch to beat the band. ] could not
do any work that was rough on my
hands at all. II caused me great suf-
fering and inconvenience.
Il tried everything that knew of
or was told and never was really re-
lleved until / began using Cuticura
Soap and Ointment l would wash the
parts in water with the Cuticura Soap
and then when dried them would ap-
ply the Cuticura Ointment on the sur
face in the daytime, and at night |
would get a soft piece OF cloth and
apply the Cuticura Ointment on my
hands and let it stay that way all
night. A perfect cure was effected.
No one will ever know how glad l was
TO get my hands and feet cured"
(Signed) Geo. c. Crook, Nov. 25, 1912.
Cuticura Soap and Ointment sold
throughout the world. Sample of each
free with 32-p. Skin Book Address post
card 'Cuticura, Dept l., Boston. "-AdY.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
HOW DISPUTED POINTS WERE ADJUSTED

following points difference between the
and in conference:
secretary agriculture retained
organization committee
eXoco member Of federal
membership the Of office fixed
a years.
Alaska excluded from provisions of act.
established national banking
banks.
purchase federal bank
instead of $4,000 provided in house bill.
by any
whatever.
regional banks be mot less than eight
twelve" provided by the
capital banks fixed at s4OoOoO
officer federal
shall
officer director, employe stockhoder OF any bank
permitted nominate candidate for Glass
A and Class directors
Subscription member banks cent Of capital and surplus Of
subscribing bank.
provision national bank deposits elm
mate
Use of part member
the banks be held
in Of local banks
collections practically restored banks
be o actual
$3OOO0OOO within 20
years provided against 125O00O0 bill
behind the remains at 40 cent with gradu
ated against depletion
Salary federal board increased from $4,000
$4,000.
shall six eight and
years instead Of to five
reorganize banks
Compensaons officers employees federal
banks shall approval
board shall expire 80 after the
following session of
and from other banks shall be taken
the deposits against which shall be
determined
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
SAVED BY PRESENCE OF MIND
Jew outwitted Russian Guard by lml'
tatlon That Must Have Been
Remarkable.

Aaron Seldentaft is a clever fellow,
as you may understand when you learn
how his quick wit recently brought
him safely out ofra situation Of the
utmost peril Aaron desired to visit
Russia. but he had no passport lie
said to his friend Mendel:
you have a passport; III get into
a big bag and you shall carry me
across the border. II the frontier
guard asks you &c put the bag down
you'll say you can't because there's
glass in II and 1t will break"
Mendel was obllging. He shouldered
the bag with Seidentaft in 1t and mp
preached the boundary. The frontier
guare asked what was In the bag and
Mendel answered, GLASS" Thereupon
the soldier drew his sword and ran 1t
through the bag. It might easily have
gone very hard with Steidentaft If he
had forgotten his role and cried out
But he didn't. Instead he made a
noise like this: Killing, klang." And
so he got alive into Russia.
He often relates his adventure and
he always adds: when one is labeled
glass, one must behave like glass -
New York Evening Post.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Her shonninn Husband.

Here is something new a widows
shopping husband" and II comes
from London court. A widow had
sued to recover $50, the value of a
pair of diamond earrings.
She stated that on June 2S she went
to the shop and bought the earrings,
Afterward she was not satisfied, went
back to the shop, and after a heated
discussion called at a pawnbroker's
who valued the stones at $50.
Counsel read letter from the plain
tiff, in which she said that her "hus-
band was not satisfied with the
stones" "But you are a wldow?" he
added.
Plalntiff-Yes; / sometimes when
shopping use the term my husband
because | have been done" SD often.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Was Back at the Back.

During study hour the youngest of
four boys was poring over his primer
lesson while the others were playing
marbles.
Mother" the youngster said, "if |
had as many lessons to get as those
boys | would study all the time. If
they don't mind they will be sent
back"
The mother Immediately called the
boys In to observe study hour and re
lated to them what their youngest
brother had said.
Walter answered his baby brother
by saying: you'd better study your
self If you don't you'll be sent back"
why, I'm already in the 'caboose,' "
was the reply.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Pass Il Alonu.

Senator La Toilette, during his re-
cent visit to Philadelphia, said apropos
of a fragrant piece of hypocrisy:
"Why, the mans as bad as New
port groom | heard of.
This groom stood beside his master
while veterinary examined costly
cob. The veterinary, at the end of his
examination, pronounced the cob in
durable and took leave. Then the
master, slghing heavily, turned to the
groom saying:
"'Well. James. what am to do with
the poor beast now?'
'Conscientiously speaking, SIR the
groom replied, I think you'd better
part with him now to another gentle
man, SIR"
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
FIVE FUNDAMENTALS
OF THE CURRENCY BILL

Issue Of currency, guaranteed by
the government, based upon notes
and bills representing commercial
transactions and backed by gold
reserve. The new currency is ex-
pected TO contract and expand to
meet the varied demands OF trade.
Concentration OF the bank re.
serves Of tho country In regional
institutions capitalized by the
banks Of the country and con.
trolled by directors elected by the
banks.
Creation Of market for the ne
gotlable commercial paper which
forms the bulk OF the assets Of the
banks, where, In time Of stress,
those assets may be easily and
without loss transformed Into cash.
Establishment Of from eight to
twelve great regional banks
throughout the country, which will
issue currency, redlscount paper
and centraIlze and mobilize the re-
serves Of the local banks.
Creation OF a federal reserve
board Of seven members appointed
by the president, with final powers
Of control and supervision over the
entire system.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
A PHYSICAL WRECK
Confined to Bed For Sir Weeks

Mrs. J. Lenane. Monroe St.. Archibald,
pa. says: 81 had awful lameness across
my back and II kept me from resting az
nignt. / suffered from terrible headaches
ana dizzy spells and they affected my
sight. The kidney secretons were irregu-
lar in passage, and my health was going
down day by day. Finally my feet ana
ankles began swelling and l wasn't able
10 tic my shoes. | got so bad ] couldn't
stay up any longer and for six weeks.
was sick abed, unable 10 move hand or
foot. | was a physical wreck Al THIS
critical time, nelghbor sent me Few
Donn's Kidney Pills and told me to try
them. TO my delight, they helped me
from tho first and | kept on using them
until ] was completely cured. have been
free from kidney trouble ever since and
am now enjoying good health II Doan's
Kidney Pills had only come 70 my atten-
tion sooner. / would certainly have, been
fering. MY recovery has surprised every
one"
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Wants Soldiers to swaaaer.

Soldiers ought to swagger according
to the colonel of the One Hundred and
Sixteenth regiment, which is located
at Vannes, near Lorient, France. He
has issued a special order to be read
In every company of his command,
which reads as follows; "A soldiers
uniform is only comely when 1t is
worn with pride even with swagger.
Under these conditions It is incompar-
able. Try to be chic, and while you
are in the army, at least put some
heart into yourself"
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
The Up-to.Date Child.
Papa-We'll travel in Sunderland.
Kid-Then we'll go In sleepers.
Ip,nor,en, 20 Mothers
An Obstinate Theorlst

40 Struthers is a reformer, isn't
he?"
"Yes," replied Farmer Corntossel,
"but he's one OF those reformers who
don't get anywhere. He'll stop a lot
o. men who are tryin' to fix mudhole
in the road and get 'em all worried
over his suspicious about what's bein'
done In Wall etreet."
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Getting AeclImatlzed.

Old Man Hardput made his home In
Havana after Ming many unregen'
crate years In the north.
WHAT ever brought you to Haya-
na?' was the mutual query.
"Damhno." chuckled the chap who
knew OF his past performances. TN
less he realizes the sands are running
out and wants to get acclImatized."-
From the Times Of Cuba.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Housework is a Burden

Doan's Kidney Pills-nothiug to injure
nor cause q habit. Delicate women
can use them with perfect safety.
The following case is typical OF the
cures effected by Doan's Kidney Pills.
Grateful testimony is the best evf
dence
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Another Evil.

Willis-'I see fellow in New York
took out S25O,OOO insurance on $500
worth of goods Gillis-"That's
nothing. know a lot of fellows who
carry $4,000 life insurance on 80
cent ife."-Puck.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
She Had Here.

81 see, Mary, that in our city there
is one policeman for every 521 inhabi.
tants." said the lady of the house
Don't know, and don't care" was the
maids reply. i've got mine already"
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
The Dlaunosls.

Tom tried to hide at first that he
was going to try and borrow money,
but he made such transparent ad-
vances for the loan of ten dollars
"kh, see; sort of X-ralse."
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01

Now people are being advised to
choose dress to match their souls"
with a good many people that will
be like a baldheaded man choosing
clothing to match his hair"
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Mo Favorltes.

Definition OF boarding house straw
berry shortcake: A circular solid,
every point in which perimeter is
equidlstant from the strawberry
Eyerybody's Magazine
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Io,ber orav,s swoot powders for Chlldren

Relieve Feverishness, Bad Stomach, Teething
Disorders, move and regulate the Bowels and
are pleasant remedy for Worms. Used by
Mothers for "a years. They are so pleasant to
take children like them. 2Hry rrvv Jah At
ali Druggists, 9jc. Sample FREE. Address,
A. s. OLmsted. Le Roy, N. v. Adv.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Business to Blame.

THAT fellow uses shocking Ian
guage.'
"You must excuse him; he's tele-
phone lineman."
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
surplus Of Stock.

What do you think Of this bride
having 5000 guests at her wedding?"
81 wouldn't invite SO many. l
wouldn't care to get three or four
thousand pickle forks"
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
WifeIy Scorn.

80 you're peevish about buttoning
my gown, eh?"
lie only grunted.
why, my first husband also but
toned my shoes and my gloves"
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Valuable Hint From Germany.

Many industrial firms in Germany
provide their workmen square pieces
of cloth for cleaning purposes instead
of the cotton waste that is usual here.
The scheme has the advantage of econ
omY.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Coming to Herself.

e occasion DR.. Francis War
trying to bring back to con-
bs a woman who had had a
stroke. His efforts seemed
be in vain. For a long time
fances were only the rawlings
I'm, but all at once she sat up
hnd, looking straight at Doc
per, she cried out: "Oh. you
n mani" "Ah," said Doctor
fheerfully, NOW she's begin
hlk l"--Pearson's Week
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
TRY It--crv ltl

IF at frst you don't succeed, cry,
cry again"
That's the way to get gown from
The horrid men.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01

You cannot climb the ladder of sue
cess any faster by stepping on the
fingers Of those you are passing
Anon
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Hypocrltal.

How is the moral tone of this com.
munity?"
1T is sounded with the loud pedal
on"
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Not Tha, Kind.

"Toothache, Ell? Why don't you get
the nerve killed.
81 haven't the nerve"
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
Counter Complaints.

MY wife treats me like a dog"
81 wish my wife would treat me as
she does her Pom"
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
The Alternative.

"Do you ever, my good woman, casti-
gate your children?"
Never, ma'am only wallop EN-
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01

Mrs Wlnslow's Soothing Syrup for Children
teethlng softens the gums, reduces inhamma-
tlon, ,allays pain cures wind cole ,25c botuels
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01

What is the subject of the lecture
tonight?"
"The Dynamcs of Truth"
81 see. The lecturer is liable to
talk about anything, everything or
nothing"
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01

Stubborn Throat troubles are easily re-
lieved by Deans Mentholated Cough Drops.
They act like magic-5c at all Druggists.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01

The big stick" the average man
fears Is his wife.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01

A man may never discover how ig-
norant he is If he doesn't try to tell
his wife how to run the house.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01

The fruits OF industry do not grow
on every family tree.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01

Poets are born, not made. Conse-
quently Adam, with all his other faults.
couldn't have been a poet,
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01

Truth Is stranger than fiction. II
you don't believe il, have an amateur
photographer take a picture of you.
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01
keepIna Her Word.

"Did Alice make a name for herself,
as she said she would do?"
"Uhhuh. Alyce."
The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-01-01

days; provided, that notes, drafts and
bills drawn or issued for agricultural
purposes or based on live stock and
having maturity not exceeding six
months may be discounted in an
amount to be limited to a percentage
Of the capital of the federal (reglonaD
reserve bank, to be ascertalned and
fixed by the federal reserve board"
The elastic" Element
The new treasury notes, which are
TO furnish the elastic" element in the
currency system, and to add to the
country's circulating money In time of
need, will come into use in the follow
ing way:
The notes will be printed by the gov
ernment, with a distinctive style for
each regional reserve bank One OF
the three directors named by the fed.
eral reserve board for each regional
bank will be known as the federal re-
serve agent for that bank, and sup
ply OF the notes will be placed in his
custody
Should regional bank desire to
pay out more money than its cash re-
sources will permit, the law provides
that it may put some of its rediscount-
ed commercial paper into the hands
OF the federal reserve agent, and re.
ceiyed in return the new treasury
notes.
For each note that It puts out into
circulation, the regional reserve bank
must set aside in gold 40 per cent. Of
the value of the note as a guarantee
for It's redemption. This gold. with
the commercial paper held by the
federal reserve agent" is the pro-
lection behind the new money; but
these notes will also be guaranteed by
the government and may be redeem
ed in gold in the United States treas.
ury.