davidaulloa/AmericanStories huggingface dataset:
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
K|D|VAP DRIVER
WITH STOLEN CAR
SAILORS COMPEL DRIVER TO
PILOT THEM FROM CHI
CAGO TO LOMBARD.
THROWN FROM AUTO AT
LATTER PLACE AND INJURED
Details of Theft of OIdsmobIe Pur-
chased by Local Firm and Traded
10 A. G. Edwards, Received From
Chicago Chief Of Deteotives-Polioe
Search for Thieves Is Begun.

Chicago police today began a search
for Mack O'Brien, John Stacy and
Dick Roberts, three sailors stationed
at Great Lakes, H.. who on July 80,
sold 10 Valentine & Gates, Of this
city, a seven passenger Oldsmobile,
stolen two days before in Chicago.
The car later was traded to A. G.
Edwards, Of this city, and was claim
ed Monday by Joseph NJ. Host repre-
senting the Commercial Acceptance
Trust. of Chicago. who holds a mort
gage secured by tho car.
The car was stolen July o. the
driver being held up at Clark and
Madison streets, Chicago. by three
sailors in uniform. The automobile
was driven out OF the city by .he
driver at the direction OF the sailors
The driver was thrown from the car
al Lombard, Ill.,, and was seriously
injured
Drive Car 70 Mar3hal.sown.
The three sailors dr2v to this city,
arriving here two days after the THEFT.
II was offered for sale at the valen-
tine & Gates garage and was finally
purchased by the fi,i1,. the bill OF sale
showing the price 10 have accn 5000.
The sailors showed enlistment
cards. bearing their name and home
addresses. The trio was taxea TO an
attorneys office. whcro they told
their story and whe"c Inc bill of sale
was drawn.
The stolen car was practically new.
having been driven less than $500
miles when II came into Edwards
possession.
Key Affords Theft Clue.
The first clue leading to the re-
covery OF the car was obtained when
Edwards wrote to the factory for n
key. He furnished the evidence about
the car which provided the authori-
ties with the necessary Information to
trace 1t from Chicago to This city.
Michael Hughes. chief of detectives.
Chicago, in a letter to the local au-
thities, tells OF the theft, giving some
details Mr.. Host, who came here
Monday. is confident, the three young
men will be apprehended.
The police hope to trace the sail
ors thru the Great Lakes station to
their home, It being probable all now
have been mustered out of service.
One Sailor Returns.
Gates recalled today that one OF
theFsailors returned to this city about
a week after bis firm had purchased
the car. The MILDLY spent some time
about the garage. Gates also recalls
that the address of one of the boys
was a Canadian town.
The insurance company. which has
raid for the loss of the car, will press
The case. 1t was said by Gates thai It
is probable that should the trio make
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
DECIDES TO LET SIXTH AND
TWELFTH STREETS JOB TO
HERBERT g. SONS.
VOTE SPLITS TO I ON
PROPOSAL; MAYOR VOTES NO
Herbert Bids sac Cents for Sixth
Street Work and SO Gents Per
Cubic Yard for Twelfth Street -
Elmwood Agrees to Pay All Over
SIS Cents for Twelfth Street.

BY a two thirds vote the city coun-
ell Tuesday decided to accept the bid
of John Herbert & Sons, OF this city,
for grading South Sixth and South
! twelfth streets, Good and Bell voting
for 1t and the mayor voting no. On
Nov. l. the council had rejected two
bids for the same work and only two
new bids were received at the Sec
nd letting, the former bidders re-
tusing to bid the second time.
Herbert & Sons bid 64JS cents per
cubic yard for the Sixth street work
and 66 cents for the Twelfth street
work with . cents per yard for over
land above 500 feet H. F. McCombs,
one Of the interested property owners
submitted bid Of 6S cents with no
charge for overhaul. The low bid at
The first letting was Adolph Carlson's
bid of 20 cents. for dry excavation,
81 for wet excavation and cents for
overhaul. The bid Of Carey & Stark
Company, of Des Moines. then was
sig cents per yard and state high
way commission allowances for
overhaul.
Mayor Wilson Objects.
Mayor Wilson objected to accept
ing any of the bids because he
bought that they might get lower
bid in the spring. \ large delegation
from Elmwood Country Club was
present and in order to meet the
mayors objection offered to pay all
the cost of the Twelfth street work
in excess OF 80 cents per cubic yard
provided the council would let con-
tract now The country club was al
ready under contract with the city to
do all of the sraveling and It's later
offer made a.5o-50 split with the city
Of the combined expense Of grading
and gravelins. Councilman Bell be-.
lieved that the city would never
again be able to get graveled road
as cheap as the country clubs offer
made this one and moved to accept
the low bid for the Twelfth street
work and to instruct the street de-
partment to do the grading of Sixth
street with city teams.
The city engineer was called in
who gave it as his opinion that the
grading in Linn Creek channel could
be done cheaper now than it could
In the spring when there would be a
great deal more of wet excavation.
The interested property owners
and citizens argued that the country
clubs offer to absorb all of tho
Twelfth street expense down to 81
cents made the two projects average
50 2-3 cents which was below the
engineers estimates Of 60 cents and
Good then moved to accept the Her
bert bid for both streets, with the
understanding that the country club
would pay in cash for Twelfth street
in excess of 55 cents. Good and Bell
voted yes and the mayor voted no.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
BEckMAN BEFORE CLUB.
Head of Iowa College Department
Speaks on Agricultural Conditions.

Head of Iowa college Department
Speaks on Agricultural Conditions.
f. w. Beckman. head of the depart
ment of journalism of Iowa State
College, spoke at the second meeting
OF the Searchlight Club Tuesday
night at the Y. NJ. C. A. He spoke
on the trend in agriculture, particu-
larly as to marketing problems and
the conditions the farmers are facing
at the present. He emphasized the
difference between the agricultural
conditions here and In Europe.
Conditions in Europe produced the
peasant and small land owner with
only an acre or two to till. the
speaker said, while In America the
average farm was 100 acres and was
titled by men OF the same stock, char
acter and independence as the bust
ness men. In Europe the farming was.
he said intensive, while here 1t was
extensive.
He emphasized the Importance of
care in soil building to avoid the his
tory OF the east, where the soil had
been depleted, and said that even in
Iowa the productiyeness was decreas-
ing and threatened future prosperity.
Attic present conditions of poor
prices were an influence toward radi-
cal doctrines among farmers. the
speaker expressed confidence that
farmers, under the leadership of the
farm bureau, would seek their saliva
ton thru more complete study of eco
nomic conditions and laws. He en-
phaslzed the need for planning ac-
cording to economic laws as the es-
sential for the betterrnent of farm
conditions rather than the enactment
of remedial legislation.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
DOCTORS At CLINIC.
interesting Cases Brought Before
County Medical Society.

interesting Eases brought oerorc
County Medical Society.
The Marshall County Medical So
siety elected officers and attended an
interesting clinic at the Marshalltown
Tub Tuesday night. Three very in
teresting cases were brought before
the clinic for explanation. Probably
he most interesting of these was the
one brought by DR.. Nelson Merrill, a
patient suffering with electromagnetic
polycyphemia, which interpreted is
enlargement of the spleen and a
doubling Of the red corpuscles of tho
flood. The disease is rare indeed, only
a comparatively few ever having been
reported in the profession.
DR.. r. f. French brought a case or
cancer of the tonsils. another unusual
case and DR.. NJ. U. Chesire one Of
pus in the pericardium, the mem
branous sac inclosing the heart. This
patient was operated on some months
ago and has entirely recovered.
DR.. III. E. Noble, of Clemons,, was
elected president; DR.. Theodore
hngle. of State Center. vice president
and DR.. F. L. Wahrer secretary and
treasurer. DR.. Chesire was chosen
delegate and DR.. r. E. Keyser alter
nate to attend the state medical meet
ing.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
ESCAPED BOY CAPTURED.
Walter Chaplin, Who Run Avn

Walter Chaplin, Who Run Away
From Eldora, Found Here.
Walter Chaplin, aged IT, who es-
capped from the state training school
for boys at EIdora, Tuesday after
noon, was captured in this city few
hours later by Policeman West. The
lad was taken into custody Tuesday
night as he stepped from an NJ. &
ST. L. train. the police having been
notified to look for him. His absence
from the school was noticed at 4
o'clock in the afternoon. He was
returned to Eldora today.
A description of the lad was
phoned to police headquarters soon
after it was found he was missing
and the patrolmen in the depot dis
trict were at once notified. Chaplin
is an orphan.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
Dillon Items.

Miss Leolo Silence, of Marshalltown
Miss Jean Graves, Of Gilman; Miss
Pauline Klingbile, Of Melbourne; Joe
Wilcox, of Harlan, and Roland
Cronk, Of Montour were week end
guests at the w. P. Foote home.
Mrs. r. T. Goodman went to Mar
shalltown Saturday evening for
brief visit with relatives and friends
Miss Augusta Baer went to Mar
Shalltown Tuesday.
Mrs. Leo Wertenberger,, of Green
Mountain. was an over Sunday visit
or with her parents, Mr.. and Mrs
Fred Baer.
Mrs. j. G. Peck spent Wednesday
at Marshalltown.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
PEDESTRIAN HIT BY CAR.
Mrs. May Sweet Struck byAuto Driv-
en- by r. w. Gates,

Mrs. May Sweet Struck by,Auto Driv-
en- by r. w. Gates.
Mrs. Max Sweet, 1910 Summit
street, was struck by the fender of an
automobile driven by Fred w. Gates,
Tuesday night, as she was crossing
Main street at the Second street in
tersection, and suffered minor injur-
les. Mrs. Sweet attempted to cross
the street to take westbound street
car and did not see the approaching
automobile.
Mrs. Sweet was bruised on the leg
and arm and suffered cut on the
head. Gates picked the injured wom-
an up and hurried her to a doctors
office and reported the accident to
the police. Mrs. Sweet is not thought
to be seriously Injured.
Gates said he was not travelling ov-
err 10 to is miles an hour when the
accident occurred and as Mrs. Sweet
rushed in front Of his car he could
not prevent collision.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
Knights Of Pythias Election.

Cosmopolitan Lodge No. 3S,
knights Of Pythias, elected the fol-
lowing officers Tuesday night: C. f.
Crone, chancellor commander: Gust
Johanson. vice chancellor; John R.
Havener. prelate; John E. ,Moehrl
master of work; W. E. Leech, keeper
of records and seal and master Of
finance; John R. Havener master of
exchequer: S. NJ. Farguson, master
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
Wife Sues for Divorce.

Mrs. bessie J. KeltZ. of this city, is
plaintiff in divorce action filed
Tuesday in district court against
Frank r. Keltz. She asks the restora-
ton Of her maiden name, Bessie J.
GiIchrist, and the right to remarry at
any time. The couple was married at
Battle Creek, Mich, Dec. IA, 1918.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
suEs ON INSURANCE POLICY.
Modern Brotherhood Made Defendant
In $1,000 Action.

Suit to Collect insurance was filed
Tuesday in district court by c.
Edward Winchell VS.. the Modern
Brotherhood Of America. Wincheil
seeks judgment for $1,000 on a policy
carried by his wife. Mrs, Esther
Wtnchell. from Nov. %. 1899 to the
time Of her death. Oct. 20. 1919.
Winchell is beneficiary and alleges
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
SHOOT OPEN TO MEMBERS,
Fridays Trap Events at Elmwood
For Good Time Only.

For Good Time Only.
The shoot at Elmwood Country
Club Friday afternoon is open to all
members Of the club and to members
only. The list of pairs will be ex-
tended to include all members who
wish to enter the contests and all
who like the shooting game will have
opportunity offered to get into the
contests. Contestants in the team
maches will pay for their birds only
and furnish their own shells. No en-
trance fee is required nor will any
prizes be given. The shoot is in
tended for a good time and to attract
general club interest to this particu-
lar activity of the club amusements.
The only requirement as to entrance
is membership in the club.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
McGrath.Utl

Earl w. McGrath, OF Ontario, and
Miss Myrtle E. Utley, of Ames, were
married at the Baptist parsonage by
Rev. G. w. Kinsman Tuesday after
noon at 3 o'clock. The groom is a
farmer and he and his bride will live
on farm near Ontario.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
Try IL Tomorrow.

At Bargain Store grocery-Mar-
snail Brand coffee demonstration
Thursday, Friday and Saturday.--Ad-
Nertisemcnt.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
MARRIED..
Bondhus.Spencer.

Francis Bondhus and Miss Muriel
Spencer. both of Oskaloosa, were
married at the Methodist parsonage
Tuesday by Rev. w. G. Crowder. The
groom is a druggist and he and his
bride will live In Oskaloosa.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08

payment has been refused. He asks
Judgment for the face of the policy
and decree of court ordering an as
ssssment on members Of the lodge
to satisfy the Judgment.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08
You'll Like IL Too.

Thursday, Friday and Saturday, we
are demonstrating Marshall Brand
c,,ffee at our store. Bargain Store
grocery.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08

settlement OF the case in Chicago ef-
Forts would he made to have them
brought here for prosecution.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08

Mutual Life Insurance Company
of New York. III. w. Shove agency,
district managers. Masonic Temple.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08

at arms; Fred Barnard, inner guard.
j. G. Langmaid, outer guard and T..
w. F. Hellberg, trustee.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-08

DR.. Billiard. osteonath. 80 ". Main
Every evening, Wilmington daily commercial., 1920-07-15
POWDER QUOTATIONS.
2 eported Daily at Noon by Laird & Co.,
dt Pont Building.
BAND CONCERT TONIGHT.

The program for the public band con-
cert, sing and dance TO be given by the
Wilmington Community Service. with the
cooperation of Mayor William G. Tay-
lor and the Committee of One Hundred,
at Rodney street park, Ninth and Rod
ney streets, tonight will be as follows:
CONCERT
Overture, Raymond" ... Thomas
Entracte and valse from "Coppellia,"
Delibes
American sketch, by the Swanee River"
Myddleton
DANCE PROGRAM.
One-step, "Stop It. ~ Kaufman
Fox trot, when a Peach in Georgia"
Hager
Waltz, Castle of Dreams" Tierney
One step, "Oh By Jingo" ~ Brown
Fox trot, "Where the Lanterns Glow"
Royce
Waltz, "That Naughty Waltz" 10y
One-step. 80 Long Oo-Long, kalman
Fox trot, 81 Want a Daddy . Sloane
Waltz, Carolina Sunshine" Schmidt
sINGtPRoGRAM.
Battle Hymn of the Republic, Peg
gy," Smile, Smile, Smile" Golden
Gate, Bubbles, ''Till We Meet Again, !"
Columbia, Gem of the Ocean"
Every evening, Wilmington daily commercial., 1920-07-15
CITY PROPERTY SALES.

The following property transfers nave
been recorded nj City Hall
Townsend street, 427, 429, 433, f35,
43o. al. AS and Az, Martin Briefman
from Manuel Cohen, et al, 81, 900
Eighth street. 3O7 East, Harry Brun-
stein from Arnanella 5. Shoemaker,
ct a., 81 800
Fifth street. east Of Union, Frank
Toecano and wife from J Bacon Stnbbs
and wife. 5000
Jackson street. south Of Third, William
A Shields from Louise w. Jones, et al,
s2,9t0.
Franklin street, corner Of Linden, Joseph
Miller and wife from Samuel Warowitz
and wife. $3.50.
Banning street. wrist Of Franklin, John
Bradbury from Carroll w. Griffith and
wife. 81 500
Fourteenth street. 1871 Fast, Angelo
Gonna and wife from Mary T.. Began,
5000.
Shalleross avenue, 22O6, Sumner b
Woodbridge from Ethel Lytie Wood
bridge and husband, $4,000
Maple street east Of Rodney street,
two lots, Peter w. Newell from Martin
Tomczyk and wife, $3.50.
Fourth street, 2o4 East, James X.
Frazier and wife from Homer =. Allen and
wife, 81 900
Madison street, south Of Thirty-fourth
Lille III. Gum from Florence w Charles
| and husband. 81 500.
Broome street, 74i South, Joseph B
I.ange and wife from Richard s. Fell
| S., 700
Eighth street. 1920 West, William Mas
sey and wife from Cosino Fldance, 5000
Every evening, Wilmington daily commercial., 1920-07-15
DELAWARE CHARTERS.

Special Correspondence Of Every Evening
Dover July l5-Charters were filed here.
Yesterday. as follows
Rundela Corporation. New York City,
SIS 600 900.
First National Securities Co, Wilmington.
: ] 600 600
Nashakie Land Co. Wilmington, $500 600,
The lncrcase Production Oil CO. Whining
ton $50. 900.
TwisTouT Thumb Tack Co. Philadel-
phia Pa $50 900.
Cook Coal & Coke Co. Minneson, Pa.
500 600.
Neagley Torch Co. Pittsburg. Pa. $780,
ono.
Juvito Laboratory. Inc. Dover. Del s75,-
600.
Jordan Tool Co. Wilmington. S6O,OOO
scranton Coaster Co, Philadelphia, Pa,
SEQ 900
Friends Co. Inc, Philadelphia. Pa. s5O,-
utO
The Elsnere Civic Club. Elsmere, $50, 900.
y r. Moss Co. Pittsburg, Pa So, 600
EmbOss-O-Print Co. Dover. SIS. 900.
McnRer, Armstrong Trading and Develop
ment Co. Wilmington. $40 600
Increase in capital stock Of Hayner Petro-
ieum Co. Tulsa OKLA. from $3.50 900 to
al 30, 600.
Every evening, Wilmington daily commercial., 1920-07-15
PHILADELPHIA PRODUCE MARKET

BY Associated Press TO Every Evening
Philadelphia, July l5.-Corn easier, as
to grade and location, 81 .S3al .S4, the
latter for No. /, yellow.
Wheat higher. No. red winter,
western, 2.97a300.
Oats lower; No. white, 1.2Sal %; No.
5 white, 1.27al.2S.
Butter lower: western creamery, extra,
5715; nearby prints, fancy, 66a6S.
Cheese steady: New York whole milk,
fancy fat, 2712a2S; do, common to good,
24a27: do, ordinary to choice Leghorns,
2Sa2S p; single daisies. 2812a29.
Eggs firmer; nearby frsts, so cents; do,
current receipts, AS; western, extra firsts,
so; do, frsts. 46a4S: fancy selected,
packed, 59a61.
Live poultry uiet; broilers lower; fowls
heavy, not Leghorns, 39a40; do, light,
35a37; white Leghorns, 34a35; broiling
chickens, not Leghorns, 45a55; do, white
Leghorns, 40a45; old roosters, 25a26
ducks, old, 2Sa30: do. spring. 30a35.
Dressed poultry steady; fowls, fresh
killed, choice to fancy, 40a42; do, small
sizes, 33a37: roosters. 25a27: broiling
chickens. western, not Leghorns. 55a6J
do, Leghorns. 5Sa60; spring ducks, Long
Island, 35.
Potatoes lower; Florida, No. i, S.50a
1000 per barrel; do, No. 2, 3.50a5.00
Jersey, No. /, per basket, .50a1 .85; do
No. 2, 75cal. .25.
Flour quiet; firm, soft winter, straight
western, 12.25a12.75: do, nearby, Hiss
1850; hard winter, straight, 13.25al3.75
do, short patent, l4.00al4 so; spring, first
clear. ii .50a12 90; do, patent, 13.55al3 80
do. short patent, IA al4.75; fancy spring
and city mills patent. family brand
15.50a16.40.
Hay lower: timothy, No 2, AZ 0Oa43 90
do, No. 3, 39.O0a40.0O; sample, 33.00s
37.O0; no grade, 2800a32 90; clover
mixed hay, light mixed, 40.0Oa4l 90; No
i, mixed, 80 0Oa40OO.
Tallow quiet; prime city, loose, 934; do
edible in tierces, l212.
Bran quiet; steady; soft winter bran
western, in 100-pound sacks, 9.50a60 .oO
do, spring do, 58.OOa59.0O.
Every evening, Wilmington daily commercial., 1920-07-15
DIVIDENDS DECLARED.

American District telegraph Co of New
Jersey. quarterly of 81 of l per cent, pay
ablC July 20
Atlas Powder 60 quarterly Of ~ per
cent ON preferred payable August ,.
he Beers Consolidated Mines Ltd, 81 SO
per sharf payable July =.
y " Moolworth Co, quarterly of per
cent ou common payable september ].
Illinois Central Railroad Co. quarterly of
/ 3-a per cent payable September J.
kanaWh ha Elkhorn ColliCries Inc initia
Of per cent. payable July 20.
l.. II. Gilmer Co. 100 per cent in stock on
common
Mclutire Porcupine Mines. Ltd, 5 per
Crnt payable September l.
New YORK and Honduras Rosario Mining
Co quarterly Of 3 per cent and extra OF
per cent payable July 80
Pacific Coast Co. per cent on common
and quarterly ~ IA per cent on first pre-
fCrrcd and ] per cent on second preferred
pittshurg and Lake Ere Railroad Co
scmi-annual Of 30 share. payable Au-
gust -
south Porto Rico sugar Co. 100 per cent
IA stock payable August &.
Thomas q Plant Co. quarterly Of ! "a
per cent on preferred payable July 81.
Union Tank Car Co quarterly of I 3-4
per cent on common and preferred. payable
sept CmDer /.
Every evening, Wilmington daily commercial., 1920-07-15
FINANCIAL NOTES.

Earnings OF American Telephone and Tele-
graph GO. for six months ended June 80,
after deduction Of taxes and interest charges.
amounted to S26,32S 600. Balance after divi-
ecndS a. - Gao 900.
Iutimations that Cuban Cane Sugar Co. 5
common stock will go s. or ST divi-
dcnd basis this month are said by interest
ia Tho company TO be somewhat premature.
~ the meeting Of the directors early this
month the question did not come up
f0r consideration.
Carncgic Stccl co. is selling coal to it's
employees at 50 - ton. whereas dealers
af, charging the domestic trade $40 and 81 |
: ton other steel producers in the Ma
lontns valley arc selling 10 employees at
considerably below par.
the report OF the Lackawanna Steel Co .
fnr TIM ~econd quarter of this year shows
an improvement. IN earnings over the first
quarter figure, that j. somewhat amazing
ne Marcn quarter showed deficit of s44e.-
~ whrrvas IN the June quarter there was
4 surplus ~ 81 - .0i6.
~tovi ~rarrS have been going steadily into
the strong boxes of investors and have
r,'umr less and less the plaything of specu-
nrs NJ the end Of last year the amount
in per cent. substantial decrease
previous returns. When the world
-au - per cent of Steel stock was
anruad A. the end OF last year only
pe' cent remained in foreign hands.
WentS YEARS ago the railroads reported
la hlu stockholders. The last public COM
pilauOn showed ibi .9S9. This is a gain of
htW per cent Figures collected two years
aso showed the average holding OF railway
stock holders then was a4ls shares whereas
tn t@l6 the average holding was given as
$50 shares although the size OF this last
tEurr = accounted for 10 some extent by the
4aet that not great many roads reported
and the average holding was inflated by the
inclusion Of inter company holdings
In sfsCking new capital corporation oi
hrSt-class standing are now compelled 70
paN such high interest rates to depresS
the securities of less favored concerns and
make IL extremely difficult for the still
smaller corporations To finance new issues
or rc1cW maturing obligations. The effort
of uur local banks however. Is 10 deal justly
with their pa trons and promote as best
they can the nnancial welfare of the whole
community BY this means the banks arr
bringing about orderly defiatiOn and makins
u easier for the country to do business upor
a price level that iS no longer based upor
the innationarN tendencies resulting from
war profits. says 'tC First National Banl
of Philadelphia