davidaulloa/AmericanStories huggingface dataset:
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31
RIPPING RHYMES
APRIL.
BY WALT MASON.

When April comes the welkin
huns with cries Of human glndneSS;
the Winters past and Spring ut last
has come TO can our sadness. The
birds return with songs to burn. and
frclic in the. naples, the farmer
SrwS his oats in rows. and hay and
n; hrr StnplrS. When hlizZardS WhUop
around The coop its hard 10 keep on
smiling: hut April days snoth"
weary iays-with z"nhyrs most be-
gullIug. W"rr tired and worn ere
10 his bnurn" old Winter has de-
rarIrd: his snow and Slc"t have
chilled our f""t and left us broken
hearted. Despair h" springs. hut
Aurii brings Il Salvr :"r all our
bruises: the wintry blast is queer
cd nj last. nnA all III" world en-
1huscs. The ancient guy of hlrary
eye fGrGrtS his many winters. and
hons along with laugh and song.
cluiinn To all Sp"intrrs. The man
If aches whose ErOaninG makes
Glsrr!I II existence. forgets disease
;,nd !uuS ih" breeze that comes from
som" blu. distance. The chronis
rr,lIrh fOrsakrs his couch without
!.crr ur below. and throws his lat
ard kicks lhr cat and seems a
spr,ghlly fellow. Oh. April ends
our voc my friends. the woe that
winter hringeth: the smiling gent
knows swcrt content. and like din
ger djnEcth.
by George Matthew Adams.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31
A Free Prescription You Can Have
Filled and Use at Home.

Philadelphia, Pa. Victims OF eye
strain and other eye Weaknesses. anu
those who wear glasses. Will be siao 10
know that according 10 Dr. Lewis there
IS real hope mad help for them. Many
whose eyes were failing say they have
had their eyes restored by this remark
able prescription and many who once
wore glasses say they have thrown them
away. One man says. after using IT:
was almost blind. Could not sec 10 read
at all. Now can read everything with
out my glasses and my eyes d" not hurt
any more. At night they would pain
drcadfully. Now they feel fine all tho
time 1t was like a miracle TO me-. y
lady who used II says: The atmosphere
seemed hazy with or without glasses.
but after using this prescription Is days
everything seems clear. | can read even
fine print without glasses" Another
who used. II says: Il was bothered with
eye strain caused by ovcrwOrked, tired
eyes which induced fierce headaches.
have worn glasses for several years
both for distance and work. and without
them | could not read my own name on
AN envelope or the tyfewriting on the
machine before me. ! can do both now
glasses Hltog ether. can count the flut-
tcrinE leaves on the trees across the
street now. which fur several years have
Tucked like n dim green blur 10 ma. l.
cannot express my JOY 1T what 1t has
done for me-.
1t is believed that thousands who
wear glasses can now discard them in a
reasonable tim" and multitudcs moro
will b. able 10 strengthen their eyes SO
as To he spared the trouble and expense
Of ever getting glasses. Eye troubles Of
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31

luton might have a very broad applica-
ton and might be interpreted to oppose
Japanese purchase Of land for entlely
innocent purposes
However, it undoubtedly expresses. in
a general way. a thought to which ve
all hold. Neither Japan nor any other
Asiatic or European power will be al
lowed to get a foothold on the American
continent. which toothol6 may be after
wards developed either for colonial or
diplomatic purposes
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31
Our Daily Story
WHAT'S TH USE2

Sorbell Yonkrrs, having resolved to live
a hundred years. evolved perfect
scheme.
"Scirncc"' he reflected. has perfected
:, serum f,~ practically every known dis
case. the injection OF which is An aoSo-
lutcly guarantee that you are immune
from that particular disease Naturally,
each injection causes certain un-
pleasant reaction. but what is that com
pared To the knowledge that you are
SAFE from every known ailmcnt'
And no spent the following nine
mont his taking injections and recovering
from their effects. In all. II cost him
S790 and 2O4 days in the hospital to nc
made immune from typhoid fever. spick-
i;"ts. Jigg's Disease, pneumonia, Trip
tons dysp"ptia, bindy or the liver and
dozen others.
al last" cNultcd Sorbcll TonkrrS. Il
need fear nonr Uf mankindS deadllest
enemies"
And the evening after he took his
last !njection-au nnti-barbcr's Itch
serum-his wife handed him the gas
bill. and il was fifteen dollars less Than
he had expected, and thu shock killed
him instantly.
And the moral is in the title.
protected by George Matthew Adams-)
-t,ur
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31

tween Vienna to Prague commercial
Ifc is open to the Americans under an
agreement giving food messages prior
ity. Communication with Belgrade Is
possible with only one telcgraphic relay.
There has also been established through
navy Geographic communication with
lara the capital Of Dalmatta. and down
the Adriatic coast
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31

r. would be a wise idea TO lay away
All the money you can now. because the
-+ administration may be one Of those
c1travagant regimes Mr.. Bryan used to
talk about
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31

Be believe in a girl looking stylish
even If she does wear less CLONES lhali
her mother used TO wear.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31

Cinco is tho name Of Il new postoflIcc
ordered opened in kanawha county win
William \. Elder commissioned its posi-
n,as;cr. \ similar commission has been
issued 10 Nancy \. Johnson for the Office
at t;allipolis Ferry. Acting posl'''aH'''S
designated ny the Dcpartmcn':-l'S
I. RcIchcr. Goodwill; Cora VI. h"s"o' H.
I.ctart; and Howard Dawson 'oN' u
Iurior. star route service discontinued:
Dora 10 Sand Fork. and Zcla to Burl
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31

CONGRESSMAN Woodyard's Office re-
ports pensions granted to Mrs. oha Law
horn. widow Of George W. l|a"horh'
Milton. W. Va, SIS Il month from HcP''
IA 1918. and to Mrs. R"h"cca McM u
lon of Willow. W. VA. widow Of h'Chato
McMulicn. So 4 month from NOV. ~
19lT.
An application for An original p clsi'n
made Nv Harry X. Clark. Of Il"uinoh''
has been filed Mt III" bureau Of PENSIONS
l,v Senator Sutherland.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31
No Six-Hour Day for
Germany's Coal Miners

BOCHUM. Wcstphalia. Sat. Mar. 90
(By The Associated Press)-Dr. Bauer,
minister Of labor in the German cabI-
net. has notified the miners who are on
strike in the coal mining districts that
I heir demand for a six hour day Is ut
tprly Impossible if Gcrmanys economic
welfare is to bc taken into. considcra-
ton The minister pointed out that
hundreds Of thousands OF persons arc
Germany. DR.. Bauer said. expects 10
nay for food with coal. Consequently
an increased production Is necessary in
stead Of n decrease which would result
from the men working shorter hours.
The greater the necessity for saving.
the greater your opportunity to use
Tho Intclligcnccr Want Ads.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31

The abolition Of free speech would
hardly effect Colonel House.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31

In spite OF. our "rd"avor not to bc
it seems that every time
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31

Star cerricc changes: Grantsrllle 10
Spencer. From April l. 1912, require
travel between Grantsvilln and Mount
Zion. down Pine Run and northeast on
Phillips Run: no change in distance
covered.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31

Tho office known as Hamlet. "Rlcil IS
in Fayctte county, has been ordered as
continued.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31

The greater tho necessity for savinr.
the greater your opportunity 10 sc
The Intelligcnccr Want Ads.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31
WASHINGTON
West Virginia News - Notes
and Gossip at the Nations
Capital.

WASHINGTON, d. &. March 3O-Scn-
ator Davis Elkins has selected the ohl-
CO.'S. 123 Senate building. which were oe-
cupicd by his predecessor. Senator Nat
han Golf They arc on the first floor III
the wcs, corridor conveniently located
10 the Capitol and the subway connect
ing the two buildings and arc light and
rocmy. Private Secretary John W. Frn-
ton, Jr., has been experimenting Inc
moving in, and the transfer Of his en-
ploycr's records from his private Office
NJ the Elkins residence on street.
Commissions have been issued nj inc
Post Office Department 10 the FOLLOW"
ing West Virginia. postmasicrs or INC
fourth class: Charles NJ. furro". OF
Crow. W. Ea.: Mamie J. Ellis. of "o"S-
Icy, Winfield Il. Cox. Of Eva; and John
S. Hagcr. Of Board Tree.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31

. necessity drops trife in price 1t does
en- s,1noly to gather up the slack TO
n,unce a few notches higher.
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
GOOD HOME

NOVAV lVIFAN u
And good value In a two story, :
rooms. basement. furnace. and double
garage, well hunt, he good for 20 years
$500 Terms, fine location y. ".
IRA A. ELLIS.
Walnut 1851 l0S HerSkOwitI
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
OIL LAND, LEASES AND STOCK

oil MAPS-State maps showing geo
logical formations. District maps
showing structure. large scale maps Ac.
tive districts. County maps, Oklahoma
Texas New Mexico. Arkansas, Topo
graphical sheets. geologic folios. writ
for list Lindsay Map Co. India TEN
ple nlhE Oklhhomn CITY. Okla
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
@l%sAJPsS @|g|slA59 s!]A|l S]ZAg9!R|gR az

Third Floor Southwest Reserve Bank
Bldg Walnut 2sit
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
ONLY $3.50

Good bungalow, extra large living
room. fireplace and book cases, , bed
rooms. dining room kitchen and re-
frigerator room; large front porch
good garage; two lots on car line
northwest; $3.50. 1850 cash. balance
sJb per month; no address over phone
let us show you this bargain
Ellis, Joyce & Nicholson
Walnut IS0-iSl. s?0-22 Security Bldg
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
FARM AND ACRE TRACTS
OklahOns
Farm Owner
We have the buyers. let us gct them
together
FARMERS EXCHANGE.
.a5 American National Rank RlIg

We have the buyers, let us get them
together.
FARMERS EXCHANGE.
Maple 500
Ga5 American National Rank RlLg
FOR SALE-2oO acres. bargain. 3 sets
improvements, 40 cultivation $40 per
acre. owner, J S. Jones, Nanoss Okla
FINE lGO Neosho river bottom. , miles
Miami, l20 cultivated; nll smooth: sell
or trade house. oklahoma city Price
10000, clear. G, G.. Akin. 92,. Liberty
National bank
FIVE good well improved farms In the
best OF locations, to trade for good.
clean merchandise. farms range m
prices from $50 10 S6J per acre. will
trade clear Tor clear merchandise. must
De first class. no other considered. For
iull particulars address Fisher u VII
son, Lecdey, OKLA.
AUTO, lots or money Win hc accepted
for my $500 equity iu a good Mis-.
souri, farm \ splendid chance for
any one wishing to own a frm can lu
person n YOU wish to trade. 2,2ia
West o.
Oklahoma Ranches
ll2u acres fine nu.H land. lso
ncr,s In cultivation. balance lu good
EIiN~t Illln fnli WU'0 running water,
fair Improvements. his Hlo woll
fenced Bargain In this Central Okla
homl.
$50 acres Washita valley ranch. $50
acres IN cultivation. fine alfalfa land
Upland IS IN" grass. improvements
only fair. Sprns water An eNcpp-
tlonal bargain lu tbs place II sold soon
CROP. implements nl. for ST. 900 For
particulars. write Moore q White. Hin
ton, oNm
tuR SALE l6u.larc farm adjoining
Moore. Okls. N acres bottom balance
wheat and pasture land Geo. T.
lroesscn Moore okla.
FOR SALE Must clssc up house and
leave before 18th and win sell 3
acre tract, close in northeast; very
reasonable, on terms. $1,000 down. to
sec owner call Walnut 6.OJ or Walnut
1914
100 ACRE farm, llO ucres alfalfa bot
tom land balance rolling upland. 40
acres In alfalfa now on farm, balance
row crop. no improvements. this farm
is ~ miles from station on main llne
or santa te railroad. can h. purchased
Tyr short time for 81. 0uO with terms.
Possession by Jan J.,
+ VI. Holmes,
Farm Land Dept
II. II. STUART y COMPANY,
Maple 10. Is West Main 81
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
D nc.
DANDY iNyEsTMENT on HOME

'N"'"'
DANDY INVESTMENT on HOME
AND INCOME.
This Is on "A corner. Two Oklahoma
bungalows In splendid repair Each on,
has five rooms and bath one OF them
has sleeping porch and basement, gar
age. 1880 for entire property Live
In one aud rent tho other. Listing Sii
Good iivc-room modern cottage, well
located, can sell for s. $50 On very
easy terms. Listing Si3.
1909 West lith street Six room OK
lahOms BUNGALOW good repair south
front Can be bought for S. ESQ List
ing 66i
Nluc-room tWo.story brick house
basement good location, only 5000
Terms Listing S1s
Fiyc-r6hm modern cottage on old
pavement Ground 5oNlio. $500
Listing s36
ON Eas, 10th street Eight room two.
story house plenty ot shade good
garage WIN sell on reasonable terms
for S. o00 Listing s3j.
81 00n for siN-ro bungalow VIII
basement ir West 10th street. near
carline. old pavement. VIII Interest
you. Listing S3l
six-room house with basement; mod
ern. on. West 3Oth street. for $500
Listing S27
This is choice ono. Five rooms and
basement Two rooms In oak All the
hullt.in features. laundry and furnace
In basement This was built by the
owner for his home, You viii find many
things superior to n great many places
Have the low price OF N.7b0 You will
acknowledge II IN first class In every
lsNl
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
Bargains Selected From
Our Recent l,istinvs

1
A seven-room brick bungalow, sioep.
Ing porch built In features, cement
drive into basement; northwest.
sevcn-room modern two. story.
built-in features. cistern, near school
md car and other conveniences: north
west.
most conveniently arranged a.
room two. story. on our list; spl.nd,d
| furnace; four bedrooms. with cIo,e,,
sleeping porch: close In; easy wslk,n.
distance. near school and two r.r
| lines; all floors double and oat Tor III.
third floor; downstairs double walls.
northwest. """A'
one Of tho finest si1-room c,u,o,-
MIA bungalows In the city; fine lor,iion
and convenlences and for $3.50; north.
| A siS.room Oklahoma bungalow WITH
garage and drive, near Clas,e, r.r
line: a Ao0d buy at $1,000 '"'
Another good offer: a flve.room C.u.
| fornia bungalow with garage and o,h..
convenienccs for 81 200; nor,bws., '"''
One on east side for 81. TbO. I, s',,.
garage. porchs
A 6-room modern cotters ., w
llh, close In easy walking dl.,sncs.
sooa location at a. bargain price
Interested IN any OF those n,.
critics, call Maple 3132 after suna.pw' p'op-
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
Florida.

FOR SALE-20-acre tract or land IN
Melbourne. Florida, near Palm Beach.
Sll y. Western.
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
Wanted
O. I. .
INVESTMENT co.

ol5 Colcord BLDG, oklahoma city. Okla.
Phone Maple 1858.
OIL LEASt,-EScepting few lots /
own the townsite Of Seegeyuh. Rogers
county and desire lease same for
OIL development II. G. Pryor. Capitol
I'M. Station. Oklahoma city
WANTEp-A few parties with nerve
and 81 600 each to Join us in buying
some close In leases TO the new Texas
well. section 27-ls-2w. now flowing lOO
barrels: Is derricks up: the coming ren.
sation; II you have the cash and quits"
10 act quick on proposition promis-
Ing big returns, would be pleased 20
submit you something, Jess Akers.
ArdmOre. Oklh
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
Kansas.
Michigan
Missouri

BATES COUNTY, MISSOURI FARMS
Smooth corn. wheat. clover, alfalfa
bluegrass farm for sale; best terms
tree pooket Duvall Bros. Farmers
Rank Bldg. Butler Mo.
i@-ACRE improved farm, miles to
railroad town on public road SIS per
acre, fairly improved 50 at $50; l56
"ell-improvcd on state highway, school
on farm. Sl5,750. Box 81, Lowry City.
Mo.
GREAT BARGAlNS-t5 down, IS
monthly buys ~ acres. good fruit
and poultry land, near town, southern
Missouri. Price only $500. Address Box
2Ni. Springfield. Mo
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
Bargains for Quick Sale
southwestern Oil 6
Realty Co.
t0l-,-1 OH Exchange Bldg,
MAnln lhsn

Maple 1850.
t-ROOM California bungalow. har(
wood throughout; basement. Earags
driveway; all huilt-in tca,urcr Cad
Allen. Walnut 9l?7
PAIR modern lots, West eth; $500, 500
cash. balance easy. Gail Allen,
Walnut 3i27
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
New Six=ROOm

bungalow; south front: hardwood floors
throughout. large basement: garage md
driveway block and half from car
line. 5000
w. r. Glasgow
9l2 HerSkowitz Bldg Walnut 1874
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
OUT-oF-TOwN REAL ESTATE
REAL ESTATE TO TRADE

ENCHANGE-Two fine residence lots
Wichita. Kan, for cheap land Box
2ii, Haileyville, okla.
BROOM modern house aud two b-acre
tracts for an apartment must be well
located and IN good repair. G-7e, care
pkhhomnn
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
Owner Leaving

WWNeF Leaving
MUST SELL At ONCE, 6-room, with
breakfast room. modern California bun
galnw, located northwest. all bulletin
features. solid oak finish aud floors,
french doors situated on two corner
lots high and slightly, two blocks from
tNssen car line. special price II sold
quickly. terms
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
$3.50 Cash

WIN handle a 5.room modern latest
model bungalow, all built In features.
n..So; located In Shields addition.
Aurelius-SwansOn Co.
Call Mr., Wicker, Walnut t7i: after Of
flee hours. Walnut S6St-J. Maple
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
Eight-ROom Home

South Of 18th street. east Of shsrtel,
West Highland Park addition, n 100 II.
front. One ~ the best improved lots
with shade trees and fruit trees, garage
and servants room. I'm tho Addition
THIS property will sell this week at
1880 and viii give possession imme-
diptsly
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
WANT TO RIlY

Six room bungalow. In good con-
dltion. northeast OF northwest. cash or
terms, give location B-l2s, Oklaho-
man,
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04
700 NO. AMERICAN O.
& r. 81. 90


6e K. 5000
500 OIL STATE PETROLEUM Bid
loo OLD COLONY .:..a.,a.,..' 100
1000 OKLAHOMA q. n REF. SIS
1000 pSAiE MUTUAL O. n Il, so
60 rONCA LUBRlCNTING O.. HOO
Loo PRUDENTIAL O. & REF. 100
80 rNEkNlLLL CASING
HEAD ..........,,......,,. 400
MS Ranger, Texas 81. 20
10 RhNOLh ..................tl9 10 "a
I.Wo RIVERSIDE .,......,....,. 90
9,uuu SAMMlES ..,...,........,.. ~
" 200 SOUTHWESTERN OIL
CORPORATION ......... ca
II TERMINAL REFINING g.. 70 on
= 2 TuLSANA CASlNGHEAD 100 90
200 UNITED OIL q REF. .u. 80
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04

Lot Department.
Phone Walnut 81 2o9is West Main st
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-08-04

FOR SALE-One OF best residence lots
In city, s0ti70. win build 10 suit pur-
chaser. Call Walnut 27ss.
The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1919-11-20
FIND LIVING SKELETON.
Sailor, Ciassed as Deserter, Found in
Semi Conscious Condition.

Norfolk, Nov. 16.-Missing from
the Hampton Roads approximately
sixty days, and classed as a deserter
on October %, Harry Joseph Harley,
enlisted in the navy as a third-class
fireman, naval officials of the district
admitted tonight was found Friday
evening in a s.mi-conscious condition
and emaciated to living skeleton,
under a bungalow in Unit j., section
section at that base. Although in ex-
tremis from exhaustion and priva-
tion yesterday, naval surgeons at the
naval hospital declared tonight that
the man stood a chance to recover.
The official opinion at the base Is
that Harley, who was wounded in
France while serving with the Ameri-
can expeditionary forces, is a sufferer
from she'll shock, and apprehensive
of punishment when he overstayed
a leave Of absence, concealed himself
under the bungalow. They are also
confident that for some time he came
out of hiding during the night, and
was aided by comrades, who fur
nished food, water and cigarettes.
That he finally became Ill and was
unable to leave his hiding place is
also probable.
The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1919-11-20

rancial loss, for it is well known that
under the tenantry system of our
section no other crop pays 80 well as
cotton. do not mean that "all COT
t..n'' farming is the best system, but
ir practice our farmers have found
II the most profitable, largely on ac-
count of the fact that such a great
proportion of our tenants are negroes,
and it has been hard to convince our
colored renters and share choppers
that diversified farming pays best.
Nor must it be believed that it will
be as easy for us to change our sys-
tenn as it was for the farmers OF
Coffee and Pike counties, in Alabama,
for inquiry developed the fact that
the majority Of white farmers in
those counties lived on their farms,
and were quick to make a change
when cotton proved almost disastrous.
The proportion of white to colored
population in that portion of Alabama
was about five whites to three ne
groes. The negro farmers followed
CONTINUED on page 9, column ~
The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1919-11-20
LOANS ON COTTON
TO Be CONTINUED
HARDING SAYS GOODS MUST BE
SHOWN, HOWEVER.
SENDS SMITH LETTER.
Governor of Federal Reserve Board
Holds That Receipt Must Show
Value of Staple.

Washington, Nov. 16.-Denying
persistent rumors to the effect that
the federal reserve banks have con-
templated the recall of loans made
on cotton or the future issuance of
loans, w. P. G. Harding, governor of
the federal reserve board, in a letter
today to Senator Smith, of South
Carolina, stated the only change
made in the position of the banks re-
garding cotton loans was tendency
to stricter examination into the grade
of cotton shown by the receipts pledg-
ed as collateral. ''The bank will not
assume the value of even 25 cents
a pound,' Mr.. Harding said, unless
the receipts do indicate the grade or
other satisfactory evidence is furnish
ed as to what the grade is. There are
so many different grades of cotton
and the spread between the lowest
and the highest grade is so great that
it seems to me that some knowledge
of the grade is necessary in lending
Lintelligently on cotton as collateral" ="
Mr.. Harding declared there was
nothing to warrant the inference that
Is cents pound was to be regarded
as the maximum salable value for
loan purposes, adding: eve know
that some long staple cotton recently
sold in New Orleans at Is cents {,
pound, and we know also that it is
not unusual for the fluctuations in
cotton to amount to as much as 200
points in a single day. In these cir
cumstances it seems to me that it is
necessary to require larger margin
in making loans on cotton than was
the case when cotton was selling at a
much lower price and was free from
the extraordinary fluctuations to
which it is now subject"
While believing that the federal
reserve system should do everything
possible, with due regard to safety
and to the wants and requirements
of other commercial interests in the
country" to aid the cotton producers
to market their products in a gradual
and orderly manner, so that no one
might be forced to sell at a sacrifice,
Mr.. Harding said the banks should
not be used as a medium to enable
the owners of cotton to withhold it
entirely from the market with the
view of forcing prices to an unreason-
able level.