davidaulloa/AmericanStories huggingface dataset:
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-10-08

S Sc 3h Mar ii6en Sen Gi6 er
set gaaet ita6ig ,ne6a6 meo gamle
Mielien, iom ban mi aierne falotes.
Men ftore smerter blep ban for
%ifaanet for, inbttl ban mi gammel og
met at Gage afgif beo en- blio %
roli9 800 ONT Morgeneu 5. 49,.
@ugllit, % blep b%egrabet fra 2,1tber-
firfen, bbor Dr. 8oitrgm taAe paa
Gagelif % &aitor @gibierg paa
Danlf.
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-10-08

$ bbert Renaeife Iieger airnen
g en- Slal; men ben Ton oIorig tom.
me Il. at uofoloe iig III fl1Io @Iomit,
.meornit1ore ben bIiber befr1igtd al
!aiarligbeoen. Nen So tier Mliiraf.
#let, 2gbet q zen SD, 2sbet of q
9iebltf, noeifen ,,oen At man ielb
|foritaar bet. staepooIe
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-10-08
nalgkan,prn.

Set bier fig, at Senotor Sar6inq
fife er re6 for at toge @arti for
bbao mango bill fal6e r@ooifalisme",
ONT ban er liffer paa, at ban bar ret.
st @fsempel berpoa bop6e man /
bans l1otalelier om 5amarbei6e el-
Ter &ooperatton blan0t 61rmerne
for at lette Marfeosfgri11gen al Sc
res &ro6ufter og oberfleoiggipre
Mellem9no. Sen repnblifanlfe
&latform bar cit Grflering / oenne
&etning; men @or6ings l16talelier
er meget mere BEL temte ems Ylat=
formens 8lanfe ON 6enne Sag, life
bare iom ct tomt @alglpfte, men iom
en- Gorpligtelie, iom oct er bans al
porlige Mening at in6fri.
Nu bar ban u6talt fig ON Sen iao-
fal6te Ga 6oIlettes seaman's 2am
paa en- Maa6e, iom bisfelig bill
o%perraffe mango. Com b%efien6t, er
@ormunoen Mn6rem Guruiet Gor-
fatter al 6enne Sou. Sen bar mg6t
iterf Mo6itano blon6t 2onoets 1tore
@fibsre6ere og an6re in6flp6eliesrtge
&reoie, iom ltaar / Gorbin6elie me6
ben. Men @ar6tng bol6er paa oer-
ne Sob. S en- Sale Der ON 9agen
Dtrebe ban ONT 6enne Gag blan6t
an6et:
u@bis benne Sgfartslop er ct Ito
trpf for Mmerifos @ombittigbeb,
fon ieg tror Sen ct, % bbis oct ct
iaa, at Ben logger m%fe6banlige @Dr-
Ser pao bot effort, maa bore STE
1ere, ON De bill u6bi6e fin 8ebrift
og paa famine Si6 bite Metfer6ig-
beo moo fine Solf, mg6e 9isie &rap
meo ful6 9@rligbeo % in6rette fig
efter oe npe Sorbol6."
9eHe er aaben, grei og manoig
Cole. Otter Tom @aIgfan1pe11 fri
Der frenn, faar man flere % flere.
8ebiier for, at ben ~itiIferoige &ar-
bling ser en- Man6 meo Sen i Maien,
Ell Man6, iom ne6 bpao ban bill oa
bar Moo til at fpIge oen @ei ban. a1t-
fer for ben rette.
S en- at fine Mrtifler ! &earit<
8laoene flyer Mrtbur @risbane
blanot at1oet: rEal er i~nteresiarte.
Naar hi 1t6taler nfernten Weillioner
Dollars" bl1rtig, fDneg ri SET er
mango &enge. D%en1ofroter11e flyer,
Ct @epl1blifanerne, btgfe ftpgge son,
niloe far1le en- gaIgfo1l6 paa fernter1
N2tIltofter Sim mr. horhs foAa
Spao bar be 9en1otrater, ION III,
tioosr ernbeoer, ige TT 6isie
9aI2 sss.
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-10-08
9bbsfalb.

Vu4!tle @Dr1l1eH 9ttel1ett CT Of
gaaet beo 9p6en / fin Datters oq
Spigerign S. 6. Seniens &iem be6
@rono &iem College, Des Moines,
Soma. @n an6en Spigeripn al oe1t
gon1le, Sens Sect, Epler, Minn.,
giber bam felgenbe @ftermple /
vDonnebirfe":
Seo bette D96sfolo er en- al bort
Somfnn6s trofaite Men6 pan6ret
bort. San bar fulgt bort @amfun0
giennem gooe og o1l6e Gage, altio
reoe til at itptte, naor 11oget lful6e
fremmes, og be6 bans 500 bor ct.
Sobannes Menigbeo, Des Moines,
mtitet ct at fine trofaite Meolemmer
gien11em en- lang Morrpffe.
SPOT / 8en6ipsiel, 1913 % / 1866
gift me6 @ertruo,.. Morie~ &anlen,
1iter 8rbn6ersleb Sogr, fl,lgte 6e /
1867 Observation-Disclosures til Mmeri=
ia .og boiatte Jig beo &op @ippi,
8anibara Co., @is. Ser maatte Sc
1om 1aa mango an6re 6pie NDbDgger=
ltbetS &aar, og fattigt bar set not /
flere Moaoer.
S 1878 brp6 Gbriitian Miellen og
&uitru me6 6eres 8prneflof op.
Deres 9mule @ien6om / @isconlin
1olgte 6e % 6rog beit, tog fig 2an6
beo, bba6 set Sen Gang faI6tes
Sman Safe, Eurner &c., Dafota
3erritorp. Ser maatte ser mi be-
gDnoes og MDbpggerfaar prppes
ober igien. Mange Danife bor ltrgm=
met bertil, iigr fra &acine, @is.
og an6re Ste6er, og en- flor 6anlf
&oloni bar bofset op iom beo Erpl-
leri. Sen 6anffe Strife begDnote 10
tioltg en-. Observation-Disclosures be6
Haitor Mortenien og ienere g.
Sanien, men fgrit beo Hoitor g.
|Seniens &ornme til &o1onien / Sir
ierne fit Mrbei6et Sremg1ng. So
&trfer bleb bpggeoe, be6 Danebille
1888, og / Sprtng @a1lep 1892.
:8eo bette Nrbei6e .bar CIR. Miel1en
og &uitru meobirfen6e be6 @aa6 %
9aoo og gle6e6e fig % fnDtte6e
itore 6orbaabninger BERTH. Me11
oct iful6e gaa anoerIebes, 6a Strife
fplittelien tom. De to &irfer,
bborttl iaa tore 6orboobninger bap-
De fnDfet fig, bleb 1uffe6e for Sen
6anife &trfes @reiter, noar Sc be-
iegte &olonien. Set gior6e, at mani
ge breo op % forlo6 &la6fen. Man-
ge boiotte fig be6 Epler, Minr.,
bbortn Sens Sgrenien bab6e. piit
Bel. @briiten Mie1ien % &nitrl1
oerimo6 iolgte l1o / 1899 % reiite
til 9es Moines, Soma, bbor bort
|Samfnn6 bab6e begbnot fin @reite-
ffole. De anfom til Des Moines
I16. 6ebr. 1899 oa bpe6e bau 5fn=
len, meoets De bpgge6e Sns / Cont
meren 1893, / bbilfet Sc fIptte6e in6
ON @fteraaret. Sen 90. Mob. 1916
|feireoe 6e oeres @uIobrpIlup, omgi-
bet al en- flor Slot 8brn % Borne
|bgrr. Mange 8ebiier mo6tog De
{beo 6enne Mnleoning pan gennerS
%, st. Sobannes menigbeos &giag-
telie % @~iRrligbeo. Marie Mtelien
bQr amere6e peb 6en11e 2eiligbeo
15Rg % iDgeltg, men tibet a1te6e Ri,
iom Dar til steoe, at bette @amlib
|gienrtem SO Mdr iaa mort ifuloe
blibe afbru6t. mereoe 6 Tiger efftter,
ben San. 1917, afgif Marie Deo
lDboen.
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-10-08
1T Orr fra Brxathpn1
miIaun.

S 8etragtning al, at Yrelioent
8ilion iaa lenge bar maattet bol6e
Jig topS paa @runo al fin Spg6om,
er oct finn rimeligt at legge go6t
0fprfe til, bba6 ban bar at iige mi,
ga ban otter laoer bsre fra fig.
Sans forte 8u6lfab til Solicit, ion,
bar lige bar laoet offentliggipre,
giengipes 6erfor ne6enfor i fin Sell
beo, iaa enbber 2ei er ielb tan oan=
ne Jig Ell Menirg ON set og tage
lstilling til oct = for eller imoo.
Set lD6er ioole6es:
Mine 2onosmpn6:
Set, Der ifo1 -afgieres giennem
@algfampen, fom hi ct miot i, og
beo &algef / Nobember, er al iaa
oberb9loenoe &9gt og iaa flor 8e-
tp6ning for bor 6remtio og Dor
@tilling blan6t Golteilagene, at S
fiffert pil finoe set 11aturligt % /
fin Sroen, at leg u6taler mig fort
6eront, for6i leg, tbnngen al Mpo=
penoigbe6en, bar baft iaa meget at
gi9re mes Spgrgsmoorenes l16pif=
ling.
Solicit ielp maa afsjbre, bpao set bil.
@nbber, ser alporlig tror paa
SolfeltDre, bill globes beo Sen &en=
Ding, iom @algfampen bar taget,
for6i BET bitter fig, at &olget bill BIZ
be en- iifter 6olfeafgigrelie. Set
ifal pe6 bette &alg ilaas falt, bborle=
oes 6e 8oreneoe Staters 6orbolo
It'll 6en pbrige &er0en lfal bore /
6remtioen, og bpilfen. S%noflpoelie
6e iaale6es bill faa paa u6biflingen.
Men bette ffal lite afgigres al Ell
@ruppe &olitifere, bperfen / Set enc
eller set onoet @arti. Solicit, og
set alene, 11aa Der roa6e. Set bill
9ibe fine &epreientanter ct Manoat
- bill paalegge 6em paa Solfets
&egne at %giennemfpre, bbao bette
beitemmer, bill gibe Dem en- 9pgabe
at Life, iom naturltgbis ffaI 1pies
erligt og aff1rat efter Golfets Mf=
gierelie.
&opeoipergsmaalet, iom S, mine
%2an6smen6, ifaI ibare paa, er mo-
tnrltgbis bette: 8i1 S, at e6ers
2an6s Sore ifoI bol6es uplettt Der
.be6, at Ben 6re6, iom bette 2an6
bar me6 til at lutte / @eriailles,
bliDer ita6fGitet al e6er? &H S
anerfien6e Mattonernes 2iga, iom
6enne bleb oprettet og gibet Magt /
6re6straftaten? Sfal 6e Soreneoe
Stater fpl6e fin aniparlige N1a6s
be6 Si6en al oe'on6re 6olfeilag?
S ..er bleber bil6le6t.
Sc, Der 6rtitigt bar paataget fig
Mniparet for at befiempe Motionerz
mes Sorb11n6, bar grobelig bil6le6t
e6er me6 &enipn til Sre6straftaten.
Sc er gaaet iaa blot / 6eres Mn-
greb, at enbber, Der iom leg bar
giort ct 1ipsIangt Mrbei6e meo at
granite por Siitorie for at foritau,
bba6 Ri iom Matton bar 1ebet % bir-
fet for, mao itaa %forfer6e6e ober
ben tpffe ubt6enbe6 % Ben ffatnIgfe
iSrefbeo, bbornofra Sc forigger at
fremittlle en- Mmerifanisme af 6eres
egen Dpfinoelie, iom er aIoeles Blot
tet for @runoIag / Dor @tatsitprelie
Igien1tem Eioer11e.
&bis 6ereS Mmerifanisme bleb
giennemfbrt, bil6e oe ienere Mors
|tragife 8eeibenbe6er fornr11e igien /
bagbenot 0roen. De Sorenebe Sta-
ter Dil0e !gientage @rgiiens Stole.
ringspolttif % ittIle fig ! mooiet,
ming tic ben gprige geroen.
Bort 2an6s Iebenbe StiIins truet.
Di2fe Angriberes DpfatteIie al
!geotionens geroigbeo % @aretagel.
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-10-08

6emten Millioner Dollars pil6e
bore femten Gents for bnert Wcnne-
ife / 2anoet. @ber Gang S Den1o=
frater, iom ii66er for 2%on6sitpret,
tillo0 5uffertDbene at 1Glge ct &,ln0
Cutter for IS Gents, tilloo $ Sem
at itiele Is Gents fra bpert Mfen=
reife / bort 2ano. !&per Gang ITO
ger al os figbte en- &un6 Sl1ffer
for 25 Gents, blep ban eller b,,t
plpnoret for femten Gents. Eror $
lite, at set bil6e lenne fig at betole
femten Gents en- Gang for ollie for
at bltpe fpit ct Stpre, iom tillaoer
&rofitertng al Sen melt aflfpeltge
slrt at oberlebe &rige,, og itiele
femten Gents fra Solicit for bpert
&un0 Suffer, iom brl1ges?
Naar 9emofroterne CT fer6iqe
me0 at fortelle os, bbao Sc mener
ON @ar6tngs @algfono = interes=
iante Snobiloninger = pil 6e maoife
oplDle os ON, bporfor &c life bar
giort noget me6 fine &enner, tie
Brofiteers, lom begpnote n1eo at
itiele ct Euien Millioner peo @ialp
al 2uftifibsboaroet og iioe1 far
~fortiat Srafifen / ollie Netninqer?"
9bis Selegran1bureouerne iiacr
ian6t, er set fommet til ct 8ru6
mellem @ilion og Coz. Ser fer
peret Sale ON, at &relioenten pil-
Sc fumme Coz tilbielp INT / 5enne
liiolte Moone6 UNDER &alqfampeu.
st 8reb fra Sefreter Gum1ItD, iom
bleb offentliegiort forleoen Dag,
bleo opfattet iom en- 6orlbber for en-
&effe lignenoe l16tolelier ON SOL
fenes 5orbu116 og an6re @erfeIa=
ger. Men oct beb6er mi, at @reli-
6entne bar ombeitem. fig. 9(ariager1
ital bore, at @or / en- Sale / On1a=
ia erflare6e, at ban lite f1n6e goo-
flenoe alt, iom bar blebet giort / SUI
1titsmtntiterens og &oitminilterens
9epartementer, og at ban ie1 an6e11
Sole, iom Spar paa en- 8emerfning
fra Ell ~&ecfler" u6roabte:: v@ilion
is not running in this campaign.
Cor Is running" @reiibenten lfal
babe taget bette unaooigt op, iom
benteligt fan bore. Set berettes, at
ban negte6e at mo6toge @or'a for
troltge Sen, Mr. Moore, 1orn bIep
ien6t til @aibington for at beoe ON
bans &ielp, og at ban berefter lite
bill tage Sci / @algfampen.
7 Ser er Dem, iom 11erter, at ct
8ruo me6 @ilion bill ftprfe @or
ilteoenfor at ibaffe bam. Dette er
Dog biitnof en- 6eiltagelie. ct @ru6
betpoer ct iplittet @arti, og abiolut
Sambol6 er en- ob1oIut 8etingeIie
for en- oemofrattif SER. Set er og-
iaa en- 6eiltagelie, 11aor Coz r1erer,
at r@ilion is not r11nning". Set
er netop @ilions Gtpre, bborom
&en ftaar: bba6 Oct bar uoret.
tet eller lite 116rettet % itfffe min6lt
bets 8rogram for Solfenes 6or-
bnr1o. Cor bar .erfleret, at ban goSs
fienoer bette Stpre / ct og alt, %
at ban Tom @reiioent biIoe BRUCE al
fin S1oflpoelie for at opfpIoe alt,
8ilion bar 1obet / GorbinoeIie meo
Nationer1es 2iga - uoen at bberfer1
ban ener nogen ar6en peo, bba6
oisfe Setter gaar u6 paa. Cor Tan
lite foume bef fra bette. San faar
itaa ener faloe me6 6olfets Dom
ober @tlions Stpre. Set er ianot
moi, at ban er @nrtietg formelIe
&anoiom;; 1net1 ban er .%r,t1rnii1gan
meo @ilion pao Mpgger1. So set
|er a%abenbart, at bon finder oenre
8proe t1ug al bore.
S bbert Nenneife ligger Sinner,
I. en- SiRl;; men ben tan al6rtq tom.
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-10-08

ALE Breve og Indsendelser til Bladet bedes adresseret til
C. Rasmussen Company, 722 So. Fourth Street, Minneapolis, Mimi.
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-10-08

We'd Flytninger bedes saavel den
CAMILLE som NYE Adresse opgivet SAINT
tillige Bladets Navn.
The daily Alaskan., 1920-08-31
President Elliott
 Coming0nS

Scattlee, Monday - President, Elliott of the White Pass and Yu- kon Route accompanied by Sup [ Mills of the Southern Pacific sail cd for Alaska today OF the Steam CT Spokane. Two gigantic mills, will shortly begin grinding two mi. ion feet of government pulp wocC in the National forests, which stretch for thousanGs of miles along the bays and inlets of the coast of Alaska. This Is the statement made by Col. W. B. Reeley new chief forester Of the United States on his return from months of inspec- ton of the timber ald water pow CT of the national resources of Alaska.
The daily Alaskan., 1920-08-31
N. '. AERO CLUB CELEBRATES
 NOME FLIGHT

New York, MOnday-When the news of the safe arrival of the planes at Nome, reached the city of New York, great enthusia- sm was aroused over the achieve ment. Augustus Post the secre- tary of the Aero Club of America said "It is n remarkable epoch'mak- ing achievement which does credit to the air service aal to American aronautics." The splendid sue cess of thb expedition foreshadOws better communication facilities by air. not alone with Alaska, but wit all distant and inaccessible lanGG. We are now hoping that govern rseut will estabpsh air routes to Nome without delay.
The daily Alaskan., 1920-08-31

New York, Monday -The Yan- kcos have loGt BaOe Ruth the Home Run King of baseball for ton days. according to a state mcut made by the doctor who is attending the great baseball bat ter. Ruth has an ilrectiono in hB right wrist due to m insect bite received a few days ago, and tn, wrist swellcd So badly that O Friday night the physician opened it for three inches. Thus far it is cIIy a local infection and it is believed that 1t has been checke Ruth received the bite while at uayerstraw where he was posing for moving pictures.
The daily Alaskan., 1920-08-31
RESENT STAND
 OF ROOSEVELT

Washington, Monday - The di- plomatic representatives of Ehe Pan Amrrlcan states are disposed to T. Eent the recent statements by candi- date Roosevelt that the United Stat cs nave double the numbcr ofvotes that England has in the L,auuc of Nations. Their interpre- tluon of his remarks being tha' thr tinted States desires to poll ths entire vote of the western hom- isph.re.
The daily Alaskan., 1920-08-31
CAPTAIN IN THE TOILS

Seattle, NIondayO Tire Gets of Federal agents of the U. B. Treasury have begun a rigid in- vestigatiol of Captain Fred Warner action in permitting the ship n.ent of four barrels and'26 Cases of Whiskey which were taken d. board the Steamship Victoria off the Port of Victoria on her June Nome bound trip. Indications in the case point to the name of one of Nome's nationally known oper ators being dragged into the rase.
The daily Alaskan., 1920-08-31
Would Form Skag-
 way 'Repub. Club

Fer the purpose of reorganizing tht Republican Club of Skagway, and make some preliminary pla1E for the coming fall campaign, How ard Ashley, who has been appoint = cd chairman for the skagway pre- cinct haB issued an invitation for all those interested fin such a club to meet at S:30 o'clock tomorrow night in Dr. Keller's office in the Alaskan building. This is merely preliminary meeting and it will only require few moments of your time.
The daily Alaskan., 1920-08-31

,-he Alaska reached port early Monday morning with the follow ing passengers for Skagway. Mrs. J. M. RWGell, Miss II A. Judd, II. .. Cole and wife, C. NJ. Lewis, Mrs. F. Clark, l.. F. Giles midwife, J. i. Baker and ATrU. Q. R. Traynor After unloading @ large cargo of frpght she left hero for the'west- ward at G:0O. o'clocllo p. m.
The daily Alaskan., 1920-08-31
ATTENTION SCHOOL CHILDREN

The fall term of school, will commence TuoGday, September, ', 1920. No child will be admit ted 10 the public school who shall mot have attained the age of 6, years on Or before January 1st 1921. All beginning children must report at the beginning of the'term.
 Board of Education
 Qerk J. R. Hillery.
The daily Alaskan., 1920-08-31

Belfast, Monday-Today's rioting was the worst yet seen in the city of Belfast. Up to one O'clockothis afternoon four deaths occurred aG a result of the disorders.t This in cludes Grace Orr a young wOma' who was shot when the troops open cd fire to clear the streets in Union St. quarters.
The daily Alaskan., 1920-08-31

London, Monday-Ths Russian Soviet forces in counter offensive against the Poles east Of Brest- Iitovak have occupied four villages in that vicinity according to a Mos COW wireless report.
The daily Alaskan., 1920-08-31
]. 5. ASST ATTY
 GENERAL WEOS

Delmontc, Cal. MoLtay An | nouucemcnt was made that Howard r.. Egg Assbtaut Attorney General CfI the United States took out a mar nage license. The bride to bel is Edith Claire Strauss of New York.
The daily Alaskan., 1920-08-31

Chicago Monday - Congressman, Britten, of Illinois Is making the'nat charge that the British government is supporting the Democratic Ma tional Committees great Elush fund
The daily Alaskan., 1920-08-31

Washington, Monday The reor- gaui2ation of the secreC service on a peaceo basic has b2en effected
 Alaska, Washington, Oregon Mon taua and Idaho are in the ninth division with headquarters at Portland.
The daily Alaskan., 1920-08-31

Seattle, Monday-McPherson the marager Of the Alaska Bureau of the Chamber of Commerce, has been chosen Assistant to the Prcsi dent of the Chamber of Commerce.
The daily Alaskan., 1920-08-31

Seattle, Monday The Spokane sailed on Sunday with 6S passeng- elB, The following are for Skag- way, Dr. Moore and Mrs. Moore, Ms. B. G. Davis, Mrs F, F. O. Connor, G. ". Coblentz and wife Mrs. F. E. HarbottIe and three chiI- dren, P. Ganty, Aynes Ferns and Dr. Winnie Smith.
The daily Alaskan., 1920-08-31

Seattle, Monday The Freighter K"tcnikan loaded with n cargo of lumber and colGtruction materiaI and rohng stock for ultimate dcI- livery at Nenana is on her way to
The daily Alaskan., 1920-08-31
ELIMINATES TIE
 B0Y ID 4 COW

Frceport, Ill. Monday Richard Snyder boy of nine years waG tied by his playmate5 to a COW. He was dragged for half Q nib by the COW before she could be stopped and the boy is now in a critical
The daily Alaskan., 1920-08-31

Washington, Monday President WilsoL today approved of tn majority report in the Anthracite coal commission, which gives the miners a wage increase of seventeen percent.
The daily Alaskan., 1920-08-31
ITALY AGREES WITH us.

Washington, Monday -Intimatioh have been received by the Uni ed States that Great Britain and Italy will soon send notes to this country formally asreting to the American policy towards Russia and Poland.
The daily Alaskan., 1920-08-31

London, Monday Two hundred were killed on the island of Sagha lien ny B tidal wave.
The daily Alaskan., 1920-08-31
SEATTLE VOTERS
 REGISTER III,9O0

seattle, Monday-The city regis tration at the 5tate primaries on September the fourteenth numbered one hundred eleven thousand nine hundred
The New York herald., 1920-01-24
ADVANCES RATE FOR
BANK ACCEPTANCES
Federal Reserve Bank Establishes
Price of 5T Per Cent for
Prime Bills.

Following the advance in its discount
rates on commercial paper, Liberty bonds
and other government securities the Fed
eral Reserve Bank yesterday increased its
buying rate on bankers acceptances to 81
per cent on all maturities. Dealers in
prime bills advanced their rates Is Of one
per cent, making the market rate for
ninety-day prime bills 81 to 54 per cent.
Another development in the money mar
ket in response TO the higher discount
rates was the announcement by J. p. Nor
gan e Co., who arc the principal lenders
of money on call on bank acceptances, that
they had advanced their call rate on such
security from 4% to per cent.
Bankers generally admitted that the ex-
tent Of the advances in discount rates were
greater than they had expected. They
had been warned abundanuy by Federal
Reserve authorities that advances were
contemplated and knew that those ad-
vances We're imminent, but they did not
believe that the reserve board would make
such drastic changes at this time.
While this was the feeling in banking
circles, bankers were inclined TO accept the
situation philosophically. There was no
disposition TO deny that the discount rates
were out of line with the open money mar
ket Bankers admitted that it was for the
reserve hoard to determine whether 1t
SDOUlO duNdHCe TdlcS VI wv lA0
work at one stroke. \ general comment
was that the Federal Reserve Board evil
IDENTIFY did not wish to take two bites out
Of one cherry"
This comment gives rise 10 the impress
sion in some quarters that per cent is
the maximum figure TO which the Federal
Reserve authorities can establish the dis
count rate. This impression is erroneous.
it can be said on the authority Of an Of
ficer of the Federal Reserve Bank. The
usury law of the State of New York, for
example, which establishes q legal maxi
mum of per cent for interest on money.
does not govern the Federal Reserve
Bank in this district. nor does the usury
law OF any other state govern the Federal
Reserve Bank Of the district TO which
that state may belong. There is no fed
eral usury law. Therefore, there is
nothing to hinder the Federal Reserve
Board from marking discount rates still
higher IL the present drastic advances
fail to accomplish the object for which
they were made.
THAT object, as is we'll known, is to
force the liquidation Of frozen credits
tied up In loans on merchandise, COM
modities and raw materials.
1t is predicted that another erect VIII
be that bankers will favor Stock Exchange
loans rather than commercial paper loans
II no longer Is profitable for banks to dis
count commercial paper and then rodls-
count it at the Federal Reserve Bank pc
rousc there Is no margin OF pront IN such
q transaction. Moreover, commercial
Nils renresent loans for fixed maturities,
,vbito collateral loans are subject 10 cail
M any time. In other words coilateral
Ioans are the more desirable because more
liquid.
The New York herald., 1920-01-24
OFFICERS OF RESERVE
BANKS UNDER FIRE
Representative Reavis, of Nebraska,
Accuses Them of Depressing
State Institutions.

WASHINGTON. D. c., Friday.-Com-
plants from state bankers against meth
ods of officials of the regional banks of
the Federal Reserve system are being re-
ceved daily by members of Congress. Rep
resentatlve Reavis, Republican, of Me-
| braska, declared today in the House, as
serting that agents and employees of the
re gional banks have started on a policy
of oppression toward State banks that can
work only disaster
Mr.. Reavis said the trouble "arises in a
large measure through a difference in the
systems with reference to the charging of
exchange on cheques" Representative
Garner, Democrat, of Texas, said he also
bad protests from State bankers, and
Reavis rejoined that 1t was almost uni
versal complaint among members of Con-
gress."
Inquiry to the Federal Reserve Board.
Reavis added, was answered with Just
the ordinary stereotype reply that the
matter would be looked into
Officers of Federal Reserve bark
added Reavis. have collected as high as
sl1, 600 in cheques against small bank in
small town and men have conc to that
bank in an automobile and demanded cash
on the cheques in legal tender. That is an
OPPRESSION that is likely to close a bank.
1t amounts almost TO conspiracy that
world close a bank and someb body ought
to be prose cuted for that sort of con-
duct"