Gilpin observer., 1920-10-14

pei man pupeT money WaS clrculaCeu
at the end of September according to
the Chreich's bank statement covering
that period, made public in Berlin.
This announcement closely follows an
official admission that the current
budget shows a deficit of $1,000, 900 OOC
marks.
GENERAL
Capt. r. W. Schroeder of McCook
field, holder of the world altitude
record, will retire from the air serv-
ice as soon as he returns from
France, where he flew in the Gordon
Bennett race.
A gift of $4,000 by the Rockefeller
Foundation to the American Hospital
Association, on condition that $4,000 is
obtained from other sources, was an
nounced at the closing session of the
associations convention at Montreal.
Two Brooklyn Boy Scouts have aY-
rived in New York from San Francis
co, completing round trip made part
ly on foot and by picking up rides in
automobiles and wagons. The boys,
]. f. Budd and A. G. Grelner, began
their journey July 81, arrived at San
Francisco Aug. % and started back
three days later.
The Luders gin, fifteen miles south
east of Stanford, Texas. was burned,
making the second gin burned within
the last few nights by fire apparently
of incendiary origin. In each instance
ing that the gins would be burned un-
less they closed until cotton reached
forty cents pound.
Public bequests totaling $685., 900 are
contained in the will of w. Murray
Crane, filed for probate at Pittsfield
Mass. The will is twenty-eight pages
long. The widow, Mrs. Josephine NJ
Crane, received S750,0OO and the in
come from n trust fund of $1,000, 600
The total amount of the estate of the
former United States Senator was not
given.
An assertion that the interstate com
merce commission made an apparent
error of Sl92, 2,S53696 in the calculation
upon which 1t fixed the freight rate
increase on western roads to give the
roads n 6 per cent return, is made in
an opinion granting a modified 30 per
cent increase in Kansas intrastate
rates by the Kansas court of Industrial
relations. handed down at Topeka,
Kan.
Gold valued at approximately So
100000, consigned To the federal re
serve bank, arrived ut New York on
the steamship Aquitania. This is the
fourth recent shipment of gold from
the Bank OF England making $685.
100000.
The 1920 corn crop promises TO be
the largest in the history of the coun-
try by more than ninety million BUSH
els. A yield of 3,2l6 6192, 900 bushels,
compared with the previous record
production OF 3,l2i,746,O0o bushels In
1912, was forecast by the Department
OF Agriculture from n condition of
S9.1 on Oct /. The yield would ex-
ceed that of last year by practically
30O, 100000 bushels.
Charles Ponzi can pay less than one
uOliuT III lnTpt on lHt tlulfnS OF
creditors of his shattered scheme OF
high finance. The extent TO which the
millions entrusted 10 Ponzi had been
reduced was revealed by G. n. Ritten-
house, auditor for the federal receivers
OF Ponzl, at hearing on bank
ruptcy petition against Ponzi in the
Federal court. To meet liabilities which
he set mt S7,500000, the auditor said
Ponzi had total assets of S2,195,6S5.
Seaman Eugene Paquettc of Dover,
n. H., reported drowned when washed
overheard from the destroyer Colds
borough off Tampco, Mexico, on Sept.
30, has been rescued by the destroyer
Hatfield, that vessel reported on Its
arrival mt Miami, Florida.
Fire. originating In negro tene-
ment house on Simmons alley, ut
Helena, Ark, swept parts of four
squares destroying number of busi-
ness establishments and between forty
and fifty tenements. Loss was esti-
mated at about S850,OOO. No injuries
] have been reported.