davidaulloa/AmericanStories huggingface dataset:
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
The WEATHER
CONDITIONS

\ storm Is central this morning Oh
the south Atlantic coast attended by
ram and brisk TO high winds. In the
other sections the pressures are high
and the weather fair and cool east OF
the Mississippi. =
The pressures continue low IN the
middle west and light To heavy rains
again occurred In eastern Kansas and
MISSOURI The pressures are also low
over the northern sections OF the upper
valleys. attended by rain.
Cool weather continues over the
Northwest and Plateau sections
Fair weather Is Indicated Tor this
section tonight and generally fair
Thursday. without much temperature
change.
Local data: Highest tempera ture
yesterday. 20 degrees. lowest last nigh i
~ degrees. no rainfall
The ohio win change but slightly in
the district during the next 80 hours
u. &. HOWE
Section Dfrector
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
MINIsTERs IL MoNpAY.

The Ministerial aF-ociafion of
Wheeling and vicinity will hold "A
meeting 90 the T. M O. A BUILDING
Monday afternoon Tor the purpose of
deciding whether to hold v bible con
ference ln tnls city during the latter
half of the month a October no. the
ministers decide to hold the confer
tOhnr ~
Speaker nf national reputation
would BE- secured fo deliver tho ad-
dresses at each session and the sen
eral public of Wheeling and vicinity
would have on opportunity t0 hear
several of the leading ministers OF
ca deliver addresses
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
SISTERSYILLB

eIsTEHeNfILE. W. Va. gruf ff 81
Nelson 81 Meals Dr.. who has been cm-
p.uFrl 90 NllIr drur store f0r few
months. lcft Monday Tor DAYTON. n ~.
where hr purchased an Interest in q
drug store
a M Alexander has gone fn CIrVa.
lHnl to rrrnd I few days lookInr otter
Iu"lnrHa matters.
Misses kat0 end Naftie stewart are
POI fle1annt Grove attending fhe Har-
N.f Panhandle association.
MNHfNrH Ernest HuN lawrence sage
have returned fu their home In pIffa.
HurEn. AFTER being fhe rurHfa 81 fnrfr
uncle and aunt NJ and Mra 81 A.
Henderson
nissCs Helen MCCOY end Hatue uu
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
BELMONT

BELMONT o.. sept Ie-Our school
d. rroqreeHinr Vfrr nicely under fne
management Of Nr Raymond Mckclvsv
Mrs. Henry Girts aud children visited
Price SUNDAY
Several from this vicinity attended
The Whrcinr fair last THURSDAY
Mr. scott Wilson visited a. g. D.
Watchers sunday
william Hatcher vas a business call
rr 30 Belmont FRIDAY
Carl Wharton and Albert Kemp we're
rHllcrH 81 HeIlnIrr saturday.
W. AZ Nnurmnu wHa H business call
Or 90 NuuNl1a Watcher sunday
Niles Hazel Decker spent SUNDAY az
Macon pittman.a
Misses Lottlc Wilson and Jessie
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
WELLSBURG

WElISBURG. W. Va, Sept. 10
he White Bazaar company OF
wheeling have taken a nve-yeaI
lease on the Curtis q Reeves buildtn
AZ % Cnarle- street. an dare putting
~ IN condition 10 open a first-class
ldules ufy goods and general mer-
10 the store room are being rushed
ana Is The intention TO have the
new store ready Tor its opening on
Friday, September .. II possible "a
DO so. TIE improvements to the
store room consists OF the putting m
OF shelving. making the display win
uoW TOUR teet deeper and painting and
otherwlse decorating the interior. The
Workmen employed to do the woTk
are az work now and hope to De
through within a few days.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
wellsbura Briefs

Editor j D. Kerr of tho Wensburr
Ncws. BE- moving bis family In the
Dr Werlich house on Ninth street
w. ~ Windsor of the Green joyce
company 90 Ccleviand. Ohio was a
Wcllshurg visitor on "wednesday
Colonel Robert White and GUY
n g. Allen ~ Whcelin. were icraf
business callers in Wcilsburr on
"wednesday
William Eherly OF CHICAGO uI who
spent several weeks vacation in
th'e city with relatives. hae returned
fo hia home
Mra J a. CruoCh and son. William.
are visiting at her Old bone IN YORK
town. Ia
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
aEuH TO rEsANE AsTLul-

The rise and ran ~ tuslnss man
has been noted duriuf che past Few daga
uf the South Side Arrested on \ charre
81 Hmheralemeut snd PLACED in fail he
condition became such na 90 rIve rise
90 tnc impression that BE- was insane
Nc waa held pending an fNaminafinr
and later was adludred insane Ne waa
recently removed 90 the insane asylum.
ghtre he VII b. belle until he condition
changes.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
WHEAT
JERRY ON THE JOB.

CHICAGO. Sept. l6.-Wheat went
soaring to-day largely because OF re-
ports OF Austro-German advantages that
made the end OF the war appear remote
After n rise OF as much as five cents a
bushel the market closed nervous with
gains OF 4ltc 10 4&c net. Corn wound
up nc 10 sc higher and oats at an ad-
vance OF lac TO 1ssc. In provisions the
outcome ranged from 10 cents decline to
20 cents OF extra cost
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17


1871 Dye was q business caller In
town Tuesday
Dr Hiu has returned from bis va
cation trip
james D parriott was calling on
friends in town
Miss Gene PlHcker. 90 wheeling Dr.
visiting Miss Shirley Wayman
DR. q. p. Hutchinson was up from
Moundevllle Tuesday.
Several new houses are under con
struction ir The East End Of Cam
erou
Rev Jacob Murray. Of Auopo. was n
business caller in town the first OF
Tho week
Mrs q. p Chaddock attended the
funeral ~ Mr.. DALEY. Of McMcrhen
Yesterday
Two cases Of dluhfheria have been
ren0rfed iu The school and room So
has been closed 90 await develop
meufa.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

The Ladies' Social club OF ST. Johns
church win resume their meetings
for the winter this evening at their
club room az the corner 90 Commerce
ana fiith streets. after vacation for
the summer A number 81 social at
fairs viii be- given by the club in the
winter. but the plans for them have
not YET been perfected
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
WHEELING TRACTION COMPANY
ExPREss car SCHEDULE
Taking Ene q June Al, 1909.

PANHANDLE LINE
WHEELING AND WELLSBURG
Daily Except sunday.
wheeling wellsburg
Leave
22nd Street Leave
Wheeling Wellsburg
1910 a. m 900 A. m.
3:3o p. M. 1900 noon
MOU-NDsVfLLE LINE
WHEELING AND NOUNDSVILE
Daily Except sunday,
Leave
i0th Street Leave
Wheeling Moundsviiie
1000 a. m i;3o ., m.
$40 p. m.
on lines having regular express SER
vice shipments wcirhinr IN excess %
nfty pounds or large bulk VIII not be
carried on passenger cars.
ALL LINES-Daily Except Sunday.
No shipments. except emergency ship
fncnfs % medicines. will be carried on
passenger cars between 400 and 6.l5
p. M
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

Little Everett SprinRbon. while
playing near his home a. Fourth ant
Main streets, on Monday. fell and
struck bis forehead on a sharp pro-
lection Of some sort rustalninr a
larre and painful cut Three stitches
were necessary 20 close the wound
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

The Industrial glass house has re.
sumed operations again after the SOM.
mer lavon and they expect a long
steady run az thev have LARGO
amount ~ orders 90 ni
The Patterson window glass house
expects 10 open up about the middle
u next month
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

Thursday evening, September IS a
fast duck pin team from Martins
Ferry. Ohio. viii rOll the WellsburE
team OF i've men on the local alleys.
The match will consist OF six games
for total pins. The lneuD of the
teams has not been announced but a
good game can be looked for. The
hIst three games ~ the series Will
be rolled on the Wellsburg Bowling
company alleys at 8 p. m Every body
h welcome
Five games OF duck pins rolled be-
tween Haas and CLAYTON Tuesday
night resulted IN = 50 pin victory tor
Haas. Post" rolled we'll but claims
be Lost On account Of snlits.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
Left For Sutton. w. Va.

John NJ. COrneliOus. grand inside
guard OF the state lodge OF a. q. 4.
W and John Virgins, president OF
the Nellsburg lodge. left Tuesday ey-
enlng Tor sutton, W. Va. TO be pres
held today.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

hytoriau church. taught bv MR.
james PAUL held n business and So
cial mcrting last evenlng af the home
n Miss Ethel CumHinrs. OF the Bark
CO addition. After businere came re-
treatments and n congenial time ny
all
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

The Cameron high school football
team is out each evening for practice
and iq fast rounding into shape for
The coming season. Coach Moatea is
putting the boys through some stin
practice and expects 20 have the best
team that the high school ever had
In its history
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
constabIe's Sale

The Weilsburg Dairy Products
company have brought an attach
ment against James Nitas. proprietor
81 the Surar Bowl confectionery ana
will hold a constable's sale OF the ef-
fleets in tho store room on Saturday
afternoon. September 10. az D. M
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
FILIBUSTER Is
STILL GOING ON
IN SPITE OF PRUNING OF RIVERS
AND HARBORS BILL, OPPO-
NENTS STILL OBJECT.
All improvements Have Been Sane.
toned by Engineers, and Many
Desire to See Bill Passed.
BY CHARLES BROOKS SMITH.

WASHINGTON. ID. c.. Sept. I6.-
The two days conference BY party
leaders over the rivers and harbors
appropriation bill resulting in the
elimination Of $4,000. 900 from the To-
tai OF 100000 carried in the meas
ure as IL passed the House. has not
stopped the Senate flibuster against
u. IN this reduction that was planned
the appropriation for the Ohio river
was reduced from $4,000. 900 to 81
10000 Those leading the opposition
To the bill maintain that while several
OF the Objectionable features have
been stricken out during this confer
ence. a number of questionable items
pertaining to the South have been
maintained. and they object also to
the horizontal reduction in amounts
Tor the reason that. thereby. the gov
eminent Is committed TO projects that
they say. are wasteful
The fact that. II the bill is defeated
u VIII throw at least 30. 700 men ont
OF employment, and. In a large meas
ure nulliiy all the utility of former
improvements. as in the case of the
Ohio river, also that of the 331 items
OF the bill, all except two. which carry
appropriations OF only 500. 900 in the
aggregate. have received the approval
OF the corps of government engineers
DEIlNN9
ls corrupt organization-make
those lighting for the measure partic-
ularly anxious to press the Immediate
passage OF the bill without change
Mrs Mamie +. Singleton. OF West
/ Virginia. who has been visiting rela-
ives here for some time and who
was struck and slightly injured BY
an automobile early this week. was
fortunately. not at seriously injured
as u was feared al first. and Is able
TO be with her friends AGAIN although
still suffering from the shock OF the
accident.
Lieutenant c. c. Baughman. a for
mer West Virginian. who has for
some time been on duty In the navy
yard at Puget sound Washington
has been detached from that position
and ordered 10 report for duty on
hoard the Maine
Congressman Brown has received
notice from the pension bureau that
a widows pension has been granted
To Mrs. Celeste v jenkins. Of Nor
gsntown. case In which Mr. Brown
E has been Interested for some time.
Congressman Brown has also IN
/ trOduCed n bill for pension for Dan
lei " Thurston Of Parsons. W Va
Concressman Nicely has hled with
The pension bureau n plea for pen
, sions Tor Mrs Fannie Morrow or
| Wheeling and Lloyd Shaver 81 Wor-
! thInnton. Marion county
Homer W WIscman has been ap-
I poinfod 10 Oh vacancy boz the r1rss
lofter carrier force for French Creek.
I W Va
An order FOR railroad service ertab-
| irhed has been issued for the route
7 from Oak iiiil TO- Bishop " Va
new office. mail 10 De- carried bv fno
| virginia Railway company six tins
/ n week. nr aF much Oftcucd az trains
may run The order De- effective Sep
l TENDER 81
Changes In fourth class poatmasters
[ has been announced AZ follows Pin
ney 8. Ransom appointed for Putnam.
I Liberty county. 20 succeed p rs Ran
i som
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
CAMERON


Guy Peoples left Monday for Nor
santOHn 20 resume bis studies lt thnf
Institution for the coming term. and
also John Hopkins has entered Car.
neEie Tech at Pittsburgh
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

The United States minca i've tons
of coal year Tor every lnhahItant
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17
Birthday Party.

Miss Olive. daughter OF Mr.. and
Mrs. James Dare. Of EnRhth street.
entertained q few Of ner Young friends
ON Monday evening. September Il. u
being h'i seventh birthday -rnsyer-
sary. After a pleasant evening the
young folks were served with de-
iiciOus rcfrPshments. afterward dep
parting TO their homes
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

CHICAGO. sept. IC.-HoE-- Receipts
$4,000 head, strong higher. Bulk OF
sales - $50 s.N6; ught $50 "a 40: mix
ed 81 90 ~ $40. heavy Ss.O5H9.1O. rouEhs
$N.pa ~ = 20. DIGS $3.50 $40.
ttle-keceiutS 1000 head. lower.
L"etes $500 ~ q 90. steers So 35fI 9.2b:
StoCkere and feeders s. seas a.. rov.s
I250
sheep $3.50 n G2s. vearIings - a- sf'- 4. .
lambs S7.40ff 90
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

IIttsbuTgH. Sept. l6-Cattle-SuupIv
s.8U
Sheep-Higher supply light Prime
wetners $50 ia 6.25, cuils and commons
-. ~ $50. lambs $500 HS.15
Veal CalVeS-S120 1900
Hogs-Higher. receipts 10 double
decks. Prime heavies s95ON955: med
iums and heavy and light workers $40
81 90. pigs $3.50 $50; rOughs $500
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

Petroleum.
on CITY. Pa. Sept tg-Crrdf bal
trreH Sues. Runs lst21G. arrfara So
IIi. shipments tlfHf1 arsrfr. IT, T.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

Changes In fourth class poatmasters
has been announced AZ follows PIN.
ney s. Ransom appointed for Putnam.
som
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

Ar order FOR railroad service ertab-
hrhed has been issued FOR the route
from Oak iiiil 90 Bishop " Va.
new office. mai 40 be carried bv inn
Virginia Railway company six tlm-r
n week. or aF much oftoned az trains
may run. The order ls effective Sep
TENDER ~
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-09-17

Lieutenant G. C. Baughman. a for
mer West Virginian. who has for
some time been on duty in the navy
yard at Puget Sound. Washington.
and ordered 10 report for duty on
hoard the Maine.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-20

FEDERAL RESERVE DISCOUNT RATE.-F0r
60 DAYS. ~ per cent. for longer matuuties. per
cent
CALI, MoNEY.-Funds were offered freely. Rul-
,-, rsies Is,@5 per cent for new loans. sac per
cent Tor rcne"dh
TIME MoNEY.-Buslness was more active with
rates > per cent
MERCANTILE PAPER was IN better demand
p,,ltre rates 5is per cent for best names. bank
acceptanccs. 4 per ceht
rFDERAI. RESERVE DISCOUNT RATE Else
,riIFRT Phil adclpma. for 20 days. 51H per cent.
for longer msuaties per p, ss G'9toT 1e, . pr
,s ,'t,..c rer cent. 81 Louis. per cent. Atlanta
= a1T Ga per cent; MnneapolS, ana ~ per
cent. Kansas cts. ana "a per GEM. DsIas. .
and 6A per cent; San FRANCISCO ~iu "a per
e,.p TREASURY New York banks los, 10 the
e,,,, .r,ea,Iry sl.lOO.000 and lost since Friday
cIr,R1NG HOUSE STATEMENT Exchanges.
49,, -, "a Goqs balances Sll .0j5,3bl The sub
sSt,,ry Vas creditor 10 the amount Of $l0lly2
MAJESTIC EXCHANGE.-Boston. par; Cincn-
nail par; ST. Louis. exchange; par ulI. lVc Pre-
MUM asked: San FRANCISCO oVc PREMIUM. nm
iill- .Ht,s eOc premium. Chicago. exchange par
Montreal. 3iAc premium.
SILVER MARKET Bar silver IN London was
90 T a. al o1lucc on 1-l0d. New YORK quotation
Vas 49Ic on &c. Mexican s4'er uoAais"
30 % o4.c. ,,.
p,Nk CIFARINGs. -Boston. exchanges s22. D.
,s "a bslaaces 81 Il3 523. Baltimore. exchanges
a. 49, a9i balances SS4S.754. Chicago. exchanges
a. 7iss balances s. 329 s53. iniadcpMa eA-
t.mges S24 76l S22 balances 81 tS,''l. ~ LOUIS
cr~bsfges SIl sGj. $40. balances soose-'
FOKlIGN EXCHANGE. Bushes, was sch,e and
,ates We're higher. Closing. cable sterling 'NyV
i1.,s,d sterI1og 4SSl5. Cable francs, J.llt De
maui francs 5l2 Gable marks. SOL: demand
S0b.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-20
lNC0RF0 ATEO AT ALBANY


Albany. >o. Following interpretations were
Med win fle S. .,.aD y state to-day
SAVOY Tea aud Cofce, Manhattan: SO 900. Cath
ariue S1mua. $40 Hicks ST.. Brooklyn. Louis
somma. rrspcra psrod Brooklyn.
salre.her A holn, Manhattan combs. SEQ 900:
Schroeder Euerich kohn. y Y
oaia.an Coal. Port KchmQld. $4,000. Thomas
4 Qu!nl an. a. Hatfield ay., Port Richmond. Leroy
fuilwcod Brooklyn. Joseph % Quiulan. Brooklyn
$50 900. Albert " Spieef j35 T,s-y-..- sv proor
.yn. John + Spleen Brooklyn. john Spcer. Brook
llanhasse, Country. Club. Msnhatan: cree, am.
lis T. lGh g. \. \. +. samuel Ksney. William
Cooper Brooklyn.
$4,000; Robert Is. Hicks o. Liberty S.. y Y.
Clarence \. sparks. Edward A. Tipping " Y
=, Isrney 'Asnesl. Manhattan; 1000. Adslbert
y J.. g Arthur Ostrsuder. Richmond nm
r LiLa9etlan Beauty farou Manhattan; so. 900 I,
Elizabeth Richards. - W 35th s.. y y. J..
Fowce Armitage MARY p Chace y Y
Carolina Central Electric Manhattan: $50. 900; J.
" Busdgi SIS Pine o.. y. y. Luigi Crscuolo. /.
Irving Berlin Manhattan: music publishing:
$4,000. living Berlin. 1871 Broadway. v l.. Max
d. Josephson A NJ Wa,ieuberg. y Y
CONSOLIDATED Ostrich Feather aud Flower Man
hatt1.; 5000. Mark j. Gordon. 500 Suburban
Place. The Bronx Max Geiser. Charles Grad. y. y.
tonsumefsc' Buying Club ~ America. Manhattan;
5000 VIRGIL r. T. Robinson. 40 West 32d s.;
y. y; Geofse n. RoseuihaL Lester y strouse.
Baxter Huckley. 1lf West lftfh ~. y. Y. Charles
VI. Nichols. -. Y Walter Ford The Bronx
la sale Lumber aud Coal. North T0nawands:
$4,000. Edward b. Harrington. an fremont s..
North Tonaaauda. James " ArConkey. Lillian II.
McCoukcy Buffalo
l2s West 22i street Manhattan: really. etc
s. 900 Robert e. Ryder. 80 Liberty -. y. Y.
john Van Harder. FRANK ID. Hagan. y Y
20 West lNh Street. Manhattan: realty; IS. 900.
Robert e. Ryder il Liberty b.. y. Y. John Van
Harder. Frank ID Hagdn. - s.
Colosseum Really Manhattan. s. 000 Robert g.
Ryder 50 Liberty S.. ~ T. John Van Harder.
Frank ID. Hsgan. n y.
r. gnor Realty Manhattan. s. 900. Robert G.
Ryder IS Liberty 81. ~ y. John Van Harder.
Frank d. usKan. 81 y.
$50 Wet Eld Avenue Manhattan. s. 900 Robert
e. Ryder 30 Liberty -, y. Y. John Van Harder
Frank ID uagan y Y.
~ Yves. 10Th Street Manhattan. s. 900. Robert
G. Ryder b Liberty o.. y. T.. John Van Harder,
SoDAomofg Realty. Manhattan. $1,000: Robert c
Rder' Liberty 81, y. T.. John Van Harder
Mood, Manliarrurng Manhattan. general advsr-
tls.ls. $4,000. l.-.uce ,. McAfeU1n. 50 sixth az
.h.ros.u: Nathaniel Morse. Brooklyn. George K
Lendor, Eerrc LsAt Manhattan electric work:
S-'llu, Enli L..Itllt. .0l M..t lautl So. ~ y:
Herman Iris.u y y Julius kau \
Trans Continental faIug. Manhattan. s. 900.
Car Geuuhr -IjS Fast 2,fh ST. Sheepsheai Bay.
Richard Mu.ln. TIE Bs5ar. Daigh, +. Dilwonh.
M0lt-.a.r y. j.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-20
CONSOLIDATED WHEAT MARKET.

Open High Low. Close Jay.
May ........sl s0A 81 3li1 81 300. 81 81 81 81
INFERIOR Receipts.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-20
NEW LAW CHANGES
BANK STATEMENT
viii Create Abnormal Surplus
Over Last Weeks Clearing
House Figures.

In view of the fact that to-morroY's
bank statement will be the first 70 be
issued by the New York Clearing House
since the changes in reserve require
ments became operative, Albert II.
Wiggin, chairman of the Clearing House
committee, issued a statement yester-
day explaining why the average return
this week would probably show a large
excess in reserve. For many years the
members Of the Clearing House have
been required to keep 20 per cent re-
serve, but under the amendments TO the
constitution passed on November 10 it
is essential that each institution main
tain the reserves required by the Fed
eral Reserve act and the revised state
banking law.
Last week." said Mr.. Wiggin, "the
surplus over the % per cent require
ment was, on the official return, about
S7500,000 The reduction in reserve re-
quirements is such that the surplus
over the required reserve this week will
probably be considerably over $780,
100000.
"The Clearing House Committee en-
phasizes that it must be remembered
that this is not a change in condition,
but simply a result of the change in the
law and in the rules of the New York
Clearing House, and that it is probable
that for long time TO come the bank
statement will continue to show a large
surplus over legal requirements, for the
reason that many of our important in
stitutions find it impracticable to do
business satisfactorily on as low re-
serve as the law permits.
'in view of the new items published
for the first time in this statement and
the difference in reserve requirements,
the totals only will be given, and no
comparisons with previous statements
made. The Clearing House committee
feels il wise to call these facts TO the
attention of the public In order that it
may be perfectly clear that the surplus
Of reserve is not fund awaiting in
vestment, but a surplus that may ordi-
narily be expected as a result of the
change in the law, and one that will
continue at least until foreign banking
relations are re-estabished and until
the Stock Exchange reopens and call
loans are available"