davidaulloa/AmericanStories huggingface dataset:
The Punta Gorda herald., 1919-12-04

Mr.. and Mrs. VIM. Mcclure of
Chicago. are registered at the Semin-
ole.
Mr.. and Mrs. D. J. Hilty and M.
P. Walters left Tuesday for Jack
sonville.
Mrs. Clara Crews of Fort Myers,
arrived Tuesday to visit relatives and
| friends.
Luther w. Koon was one of the
business visitors to the county capit-
al, Tuesday.
T. A. Stephens of Charlotte Har-
Dor, was among the visitors to Area
dia, Saturday
Miss Eula McGehee visited friends
and kindred at Fort Ogden from Fri
day to Saturday.
r. Balm of Bermont stopped here
for a short visit, Monday, when on
his way to Fort Myers.
Mrs. Franklin Balm of Fort Myers,
arrived yesterday for a short visit to
her father, d. A. Warren.
Woman's Civic Improvement Asso-
citation meets Friday afternoon at 3
O'Clock at the public library. /.
FEED, FERTILIZERS AND
CRATES. - l.. NJ. WHITTEN,
AGENT. Gath
Punta Gorda was full of folks Sat
urday and the merchants of the
town enjoyed good days business.
Mr.. and Mrs. B. B. Cannon and
Mrs. L. S. Farmer and little daughter
motored to Arcadia and back yester-
day.
Some citizens complain that cattle
are running at large in the town and
destroying their flowers and shrub
berry.
Capt. and Mrs. w. H. Johnson,
Mrs. Grace Davis and Mrs. Clara V.
Davis motored to Arcadia and return,
Tuesday.
Mrs E. w. Rountree left Friday
morning for Montgomery, Ala, to
visit her smother, Mrs. F. A. Ward,
who is seriously sick.
Nothing more acceptable to your
northern friends or kindred as a
Christmas present than years sub
scription to The Herald.
Mr.. and Mrs. Roy Mobley of Area
dia, took Thanksgiving dinner with
the family of the formers brother,
W. E. Mobley, in this city.
On Thanksgiving day, the Seminole
Hotel served vension and wild turkey
for dinner, the game having been KILL
ed by Proprietor w. B. Sealey.
On Saturday L. e. Robinson re-
ceived a mother goat and two klds'
which indicates that he contemplates
becoming a stockman or some such
something.
Joe Washington, of the Klnsel q
Washington Fur Co., returning last
Friday, brought back from moore
Haven and Rita sections llSZ 1urs
of various kinds including the SKINS
of bears, 'possums, coons, otIers'
nantherS etc
The sun., 1919-08-11
CURRENCY ABSOLVED
AS HIGH COST CAUSE.
Congress Advised to Keep
Hands Off Laws, in Meyers -.
Report.
INCREASE NOT EXCESSIVE
Credit Expansion Expected to
Adjust Itself as in Case of
the Civil War.
Special Despatch 10 TIE sur.


WASHINGTON. Aug. 1o.--Currency In
nation is the erect and not the cause Of
high prices in the United States. in the
opinion Of the Federal Reserve Board.
As result the board is recommending
that Congress avoid attempting any
changes in the currency situation or in
the currency laws at this time.
In letter to Congress In reply to the
resolution of Senator Myers (Mont) the
board points out that there has not been
near the currency imitation or increase
In money In circulation that Is popularity
supposed and outlines the dgures in de-
tail. 1t is shown that increase In circu-
iation has followed and not anticipated
the upward trend in prices and the in
crease In business. The board holds
that when payrolls and other demands
for money double, that there must be
twice as much money TO meet the situa-
ton.
Expansion of credits is explained by
the great quantity of gold sent into the
United States before we went to war to
pay the bills for allied purchases here.
Credits self-Adjusting.
Board members believe that expanded
credits, as a result OF war loans and of
the continued borrowings by the Gov
eminent. cannot by any artificial means
be quickly contracted. They hold that
this credit expansion will adjust itself
rapidly Just as It did after the civil
war as Government borrowings cease
and Government bonds are completely
paid for by the people.
The board holds that the currency
situation has not contributed one whit
70 the high cost Of living, handy econo-
mists TO the contrary Notwithstanding.
The sun., 1919-08-11

these notes has been carefully safe
guarded by the Federal reserve act ana
ample provision has been made for their
redemption. Federal reserve notes are
radeemable IN gold; they cannot be
forced into circulation In payment OF
expenses Of the Government or for any
other purpose as they can be Issued only
in exchange for gold or against a deposit
OF negotiable paper growing out OF
legitimate commercial transaction plus
the required gold reserve OF not less
than 40 per cent.
''There has undoubtedly taken place
during the last two years a certain
amount Of credit expansion which under
the circumstances, connected with our
war financing, was Inevitable. hut this
will be corrected as the securities Issued
by the United States Government for war
purposes are gradually absorbed by In
vestors. This credit expansion Is equal
to the difference between the total OF the
war expenditures OF the Government on
the one hand and on the other the total
amounts raised by the Government
through taxation ana the sale Of Its obli-
cations as far as paid for out Of saw
ings. No reliable estimate can be made
OF this difference.
.sThe principal cause of the advance Of
prices before and during the war was the
urgent need OF the Governments OF the
allied world for goods Of all kinds for
quick delivery in largo volume and the
competition of this buying of Govern
ments with purchases by private IN
dividuals, who failed to contract their
expenditures at a rate commensurate
with the growing expenditures of these
Governments In the postwar period
through which we are now passing the
country has experienced rising prices
owing, In part, to a general relaxation
of the war time regime OF personal
economy, resulting In an increased de-
mand for commodities by individuals
who restricted their purchases during
the war. but who are now buying In COM
petition with export demand.
''The Federal Reserve Board believes
that any currency change at this time
| Is unnecessary and undesirable, and
| would suggest that whether viewed
from an economic or financial standpoint
the remedy for the present situation Is
the same, namely, to work and to save
to work regularly and efficiently In order
| to produce and distribute the largest DOS
sible volume OF commodities, and to ex'
ercise reasonable economies in order that
money, goods and service may be de-
voted primarily TO the liquidation Of
debt and to the satisfaction of the de-
mand for necessities rather than to In
diligence in extravagances or the gratih-
ca ton of desire for Injuries"
The sun., 1919-08-11

ADJUSTMENTS.
The sun., 1919-08-11

money in the United States, exclusive OF
that held by the United States Treasury.
was s3.419,163.56s.
ION April 1, 1917, the stock Of money
estimated on the same basis was s4,702,-
180,941. an increase OF s1,2S2.962,573. OF
which increase tsS3,4s1,02s was in gold.
ION July 1, 1914, there were no Fed
eral reserve notes In existence, while on
April l., 1917, there were outstanding
f957,23s,0o0.
The amendment TO the Federal re-
serve act approved June 81, 1917
changed substantially the original re-
serve requirements for member banks
and provided that their entire lawful re-
serve should be carried with the Federal
reserve banks. The same amendment
authorized the Federal reserve banks to
exchange Federal reserve notes for gold
The result OF these two changes in the
law was to transfer Immediately large
sums of gold from the vaults of the
member and non-member banks and
from general circulation to the Federal
reserve banks, and this caused a change
In methods Of accounting for gold by the
Federal reserve banks and Federal re-
servo agents.
-In order to avoid confusion In. deter
mining the volume Of money in actual
circulation It Is necessary to distinguish
between tables showing the total stock
OF money In the country and tables
showing the circulation outside of the
Treasury and Federal reserve agents
vaults and to limit our view to amounts
held by member and non-rnember banks
And the public which are, exclusive OF
amounts on hand in Federal reserve
banks. held by Federal reserve agents
and held in the Treasury. ...
Reserve Money Exempt.
THE reserve money held by or for the
Federal reserve banks serves, Of course
as basis for credit, but It forms nc
part of the currency in circulation. Upor
this basis the amount Of money in cir.
culation on June 1. 1914, there being nc
Federal reserve banks in operation al
that time, was S3,419, 16S,360, made III
as follows: Gold coin and certificates
S1.64s,S7s,S53; silver dollars and silver
certificates, including Treasury notes OF
1880. f552.203,610; all other currency
$1.217,1Ss,955, being q circulation pei
capita of S34.53.
The corresponding amounts of money
IN circulation on April /, 1917, Decem
Der 1, 1918, and August !, 1919, arr
| shown In the following table:
Amount of money outside the Treaur,
| and Federal reserve banks:
Dec; 1. Aur:b.
1913 1913.
Gold coin and certih-
! Gates ................ sss1,2a5,Occ s72Scis.Oo
The sun., 1919-08-11

AsfUsEsIENTs.
The sun., 1919-08-11

IL was the Reserve Board view that
checked consideration Of this phase OF
the situation in seeking corrective meas
ures. A number Of officials contemplated
some action to reduce so-called imitation
until the Reserve Board analysis was
called to the Cabinet conference. This
part Of tho programme was promptly
abandoned. The reply to the Myers
resolution follows:
The Myers Resolution.
The Federal Reserve Board acknowl-
edges receipt Of your letter Of the 9th
instant asking for an expression OF its
views as TO the advisability Of legisla-
ton providing for the gradual reduction
OF the currency In circulation as pro-
posed by Senate resolution 142.
"The board would suggest that In de-
termining whether or not legislation Ia
necessary OF desirable to regulate the
volume Of currency in circulation. con-
sideration to be given to the various
forms of money which make up the sum
total of our volume OF currency, dis
tinction should also be drawn between
the stock Of money in the country ana
the amount actually In circulation.
with respect to gold coin. gold GER
tifcates, standard silver dollars, silver
certificates, subsidiary silver and Treas
ury notes OF 1890. the board assumed
that It Is recognised that no legislation
Is necessary.
THE United States notes Of legal ten
ders, which have remained ut the fixed
amount of Ss46,6S1,016 since March 81,
1873, have not been a disturbing factor
since the passage of the act of March
IL, 1900. An adequate gold reserve OF
more than IS per cent Is now held
Na1s ID
The sun., 1919-08-11

ton and are taxed just ss national bank
notes are taxed. have been issued only
to replace In part national bank notes
retired and standard silver dollars
melted or broken up and sold as bullion
under authority of the act of April 23,
1913, known as the Pittman act. The
issue OF these notes has therefore brought
no increase In the circulation medium.
The amount OF Federal Reserve
notes outstanding has increased from
s9e7,as7,ooo on April 1, 1917. to t2.5ot,-
$4,000 on August 1, 1919. It appears
therefore that those who see in the
larger volume of circulation In the
United states the prime cause Of in
creased cost Of living and who seek a
remedy by q forced contraction OF the
currency must have In mind the Fed
eral Reserve note and Section 10 of the
Federal Reserve act as amended June
81. 1917, which provides for its issue
ana redemption.
Expansion OF Credits.
I'm Analysing our present situation
and In considering the causes which
have led to the expansion of credits
and note issues during the war. we
should not lose sight OF some OF the
Developments Of the pre-war period and
their effect upon credits and prices Vary
heavy purchases Of supplies of all kinds
were made In this country by European
belligerents during the years 1915 and
1916. payment for which involved the
shipment to US of large amounts Of
gold. Tho stock OF gold in the United
states on July 1, 1914, was $1,se0,67s,-
| 304. This amount increased steadily
until April, 1917, the date of our own
entry into the war, when II reached $3,-
0sS.90i,s0S, an increase of about 81 ,20o,-
900. 900.
Bank deposits likewise show a large
increase. the net deposits of national
banks having risen from s7,4e5,14s.eoO
on June 80, 1914, to Sl0,4s9,217, 600 OIL
March 8, 1917, while the net deposits
of all banks in the United States in
creased from S17,966, 10000 in June
1914, to S24.Se1. 21s,o00 in June, 1917.
met deposits of national banks had
further increased up to May ~, 1919; to
s1,71S.095.000, and those of all
banks in June, 1918 (the latest date for
which figures are evailable), to t26,769,-
$4,000. Shortly after April 6. 1917,
when Congress declared war, the Treas
ury began to sell bonds, notes and GER
tificates in large amounts, resulting in a
net increase In the public debt to August
1. 1919. of S24.51s,os4.s4O.
Total Money I'm Country.
ION July 1. 1914, the total stock OF
The sun., 1919-08-11

Silver dollars and sill
yer certificates On-
Guiding Treasury
notes Of 1900 .....,... s72lss.oco au.bos 900
Federal notes........ 2607.4t5.00o 2,5o4, 1884, 900
Federal reserve bank
All other currency. icssocc 1iSc ~ 1900 SCc
Total .......~.....,. sS,i9, ssS,ooo s47s0 10000
outside the Treas
ury and the Federal
reserve banks....... u.1S A.16
Postwar Decreases.
Assuming that the date. December
1. 1918. marks the beginning of the
postwar period. the table shows changes
during this period up TO August 1, 1919,
as follows: Cold coin and certificates In
circulation decreased S138,199,0 900 silver
dollars and silver certificates. including
Treasury notes Of 1890. decreased $780,
$4,000; Federal reserve notes de-
creased s1o2,6s2.o0o; Federal reserve
bank notes increased t7s,552,oo0 all
other currency decreased SH,772, 900,
being q net decrease in circulation for
the postwar period Of ss33.os5.ooo or
S2.s7 per capita
TN considering the question of cur
rency In circulation there should be
taken into account the various factors
which have entered into the demand for
currency among which are The gradual
enlargement Of payrolls both as TO num-
ber OF workers and amount paid to
each; the effect of higher wages upon
i deposits In banks and on the amounts
OF money carried by shopkeepers in their
tills and by individuals In their pockets
the amounts of money locked up or car
ried on their persons by worikmen who
have been receiving high wages and who,
especially In the case Of foreigners, are
unwilling to deposit their savings in
banks or to invest in Government bonds
the amount OF money carried away by
worlxmen returning to their homes in
foreign countries and the fact that the
circulating medium of the Philippines
Hawaii, Cuba, Porto Rico, Santo Dom
lingo, Hayti, Honduras, Panama and in
part Mexico includes United States paper
currency and subsidiary silver. The
amounts required In these countries
most OF which are very prosperous
have greatly increased in the last few
years, -f
1.-THE total foreign circulation Of
United States currency cannot be stated
accurately, but Is estimated to be al
least $15.0o0,0oo.
Cannot Force Circulation.
"The difficulty. indeed the impossi
bility, OF keeping in circulation an exces
sive volume Of Federal reserve notes
The sun., 1919-08-11
AMUsEMENTs.

MIR. Howard Kyle founder of the Actors Equity Asso-
citation, who for than six years served member of
it's Counsel and in other capacities without remuneration has
resigned from the Actors Equity Association In connection
with his resignation Mr. Kyle the following letter Mr.
E. Sothern who has also since resigned from the Actors
Equity Associations
NewY Augus5h
DarSoth ~
Actors Equity Association and Counsel
headedy
organ
them and make asrm the adoption and
or i've in
it
by which he would forfeit $4,000 he preached made by his
toward the
Equity Association has been the radicals mipphended
the spirit that attributed
were made to ncud
l to
aggr m when the
In order publicly
o o o
AS openly predicted o arb-
proceeded Manager
the
andw
equitable conditions forced to strike result of bad leadership
o the
putt them
Therefore, o ownco
recall iden
n is
making occasion but the stands only beginning
(Ssned)
n nm
The sun., 1919-08-11
Cannot Force Circulation.

1.-THE difficulty, indeed the impossi-
bility. OF keeping in circulation an Excess
sive volume Of Federal reserve notes
should be understood. The issue OF
The Birmingham age-herald., 1919-05-14
Alabama Sustains Great
 Loss In Burnett's Death

l0Ha HE sudden passing away of Con- 0 gressman John L. Burnett at his home in Gadsden last night comes lnot only as a distinct shock to his district but the entire state of Ala bama.
 He was one of the most useful and consistent of our representatives in the popular branch of the National 1 Legislature. As chairman of the im- migration committee he had worked out definite reforms and had done
 much to confine immigration to the
 better class of foreigners. MT. Burnett was high-minded and Intensely patriotic and no one ever questioned his motives. He was hon. est to the core and those who failed 1 to agree with him on political issues readily conceded his sense of honor
 and his noble integrity. Alabama can i'll afford to lose such
 faithful public servants as John l..
 Burnett.
The Birmingham age-herald., 1919-05-14

l democratic governor, but sheriff rarely would be removed by a governor belong
 ing to the political party of the sheriff 5 |adherence.
 Governor O'Neal may be. and doubtless he is, an executive whose moral austerity is so much greater than his party loyalty; whose virtue so overtops his political ann bition, that any number of sheriffs guilty of allowing lynchings. but that is not true of governors speaking gen. erally.
 A law making the sheriff removable from office automatically in the event of the lynching of prisoner once com mitted to his custody has merit, because it's enforcement does not depend upon the action of any officeholaer Several states have enacted such a law. Other states should do so. There is little like lihood that state legislatures will Iass laws, over the veto of governors, sad- ding the governors with the undesirable power to remove shcriffs who allow pris- oners to be lynched, but if such laws should be passed they would be in- effective
The Birmingham age-herald., 1919-05-14

Army proposes to count largely on the returned soldiers to make their
 campaign a success. The soldiers are being asked to assist in making
 the canvass and in raising the neees- sary funds for the army's work dur ling the coming year.
 Here at home so many good reports have been received of the effective ness of the Salvation Army in France that there is a general wish to help in the continuation of this work, and when the returned soldiers call upon their friends to help this great cause there seems little doubt that the re- sponse will be such as to satisfy thor oughly those who are responsible for the Salvation Army and it's work here and elsewhere.
The Birmingham age-herald., 1919-05-14
FAIRY TALES

1 in fairies; one can see the tender half
 mocking smile with which he told his "Stories of Ninon," just as one can see Baum's cheerful grin behind "The
 Wizard of Oz." But the Brothers Grimm were serious about it; they went in- tentfy to work, as scientists (which | they were), to reproduce the very at
 mosphere of the old folk stories That
 was a shade beyond Perroult, who did 1 preserve the atmosphere. but only be- cause he wanted first of all to tell a
 good story.
 And how close their work is to his Aschenbroedel is the same as Cinder- ella: in fact. the very name is the same, only in German instead of French. Nearly all of the stories date back to Morse mythology or even fur ther. The Grimms were not concerned with origins or with morals, though the morals they found they planted in their stories as in duty bound It was not until Hans Christian Andersen's day that any prominent writer thought of making his own fairy stories; and
 
 There is truth peeping out from all his greater stories, such as the story (we forget the name), of the coquet- tish ball or the faithful tin soldier. or the fakirs who made a new robe for the king. That was thing not seen since the tenth century, when the yari- ous versions of "Raynard the Fox were popular.
 Reynard was political character. and the stories about him were all satirical; but now, 10 centuries later.
 the satire has all been forgotten and Reynard is merely the hero of fairy story, as much as Fuss in Boots What a strange fate has overtaken so many of these old storiesl Take Swift's "Gulliver's Travels" of which Budwer wrote: iEs5 Swift wrote this book to wreck ribald scorn
 On all that Man should love or Priest should mourn
 And To! the book, from all it's ends be- guild,
 A harmless wonder to some happy child. ne age OI cnlVdlry IS QedQ. IS the age of fairy tale writingc Not so long as men like Baum can counterfeit it. But the real note of sincerity can never come back in this age. We can , not write about fairies with honesty any more than we can write about Greek gods. The nearest we can get to that old reality is when W. Butler Yeats, or somebody like him, can col lect the old fairy tales that were told | in ages of belief, and retell them with
 an accent of sincerity, which he can get only by subduing his own person. ality and sitting like child at the feet of wiser men than he, the few faint relics of an older time who be- lieve in what they tell him. And this, | if we knew it, is why Godfrey Keat- 1 ing's General History of Ireland" wild and fanciful as it is, is dearer to many ! hearts than Gibbon and Carlyle and
 Macaulay and Froure put together. For poor Heating wrote as believer
The Birmingham age-herald., 1919-05-14
ARACHNE

By Rose Terry Cooke Cs27-1ss2). I watch her in the corner there, As restless, bold and unafraid, She slips and floats along the air
 Till all her subtitle house is made. Her home. her bed. her daily food.
 All from the hidden store she draws; She fashions it and knows it good,
 By instincts strong and sacred laws. No tenuous threads to weave her nest
 She seeks and gathers, there or here; But pins 1t from her faithful breast.
 Renewing still, till leaves are sere. Then, worn with toll and tired of life
 In vain her shining traps are set. Her frost hath hushed the insect strife
 And gilded flies>her charm forget. But swinging in the snares she spun.
 She sways to very wintry wind; Her joys, her toll. her errand done,
 Her course the sport of storms un-
 kind.
 Poor sister of the spinster clan!
 I. too. from out my store within My daily life and living plan,
 My home. my rest, my pleasure spin. know thy heart when heartless hands
 Sweep all thy hard earned web away; Destroy it's pearled and glitterina bands A- SN And leave thee homeless by the way 1 know thy peace when all is done, Each anchored thread, each tiny knot Soft shining in the autumn sun; sheltered silent tranquil lot. know what thou hast never known Sad presage to . soul allowed That not for life spin. alone,
 But day by day sptp my shxoud
The Birmingham age-herald., 1919-05-14
POSITION LOCATED
he MinneanoIis Trihune

From the Minneapolis Tribune.
 In the early days of the war an officer was wounded in the leg by bullet and taken to a French hospital. Every day the doctor probed the wound. which kept it in an inflamed and sore condition, After the 11th day of this treatment the patient, who was unable to speak French. beckoned to his bedside another inmate of the ward who spoke both French and English. and requested him to find out from the doctor why his leg was probed every day. The man did so. and returned to the sufferer, remarking:
 ''They say they are looking for the bullet'
 ''Then for heavens sake tell them to look in my trousers pocket" cried the exasperated patient.