Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1920-11-21

W ~ - GV G>GO%%O
GONE you heard kicks the Federal Re
serve banker said is because bank
the take responsibility for their decisions
and find it buck the Federal Reserve
Board
For in this bank today and wanted to
SIS 900 buy stock speculative proposition told him
but weren't lending for speculative
Federal Reserve Board buttng
ones private business he said
No answered it isn't Reserve Board at all
We lending money for speculation We need dol
lar for regular business customers and tor the farmers
This agricultural and everything do to help
farmers helps and you and everyone else
been much blaming of the Federal Reserve Board
IF wasn't for the federal system we'd be in the
history right and every good banker knows it. But
bankers haven't the take the responsibility for refusing
uave loans and other loans which they thought best make
they've sooaped such applicants by the Federal
Reserve Board wouldn't let them make the loans.
This has been the principal of the growth
tity toward and criticism Of the federal banks
EVERY dollar invested in wild cat stock is thrice lost
First by the who saved it;
Second by the legitimate industry forced for
tai against bue-sky stock crooks;
Third by society which would have prohted by
money in legitimate business
And always dollar mythical gold mines or oil
wells that thus commits suicide
w. B. Colver, former member of the Federal Trade Commits
cites the of substantial going New York
of more capital the these OF every dollar
invested by the public the company 30 balance
split three way23 the underwriters %
sublundervrters and Is o the brokers'
Addressing the National Coffee Roasters
said that way be found protect against middle
who such terrible toll and the
EFFORTS of through sky laws have
been Intellectual There drawbacks also in pro-
posed schemes license stock through agency
some recognized stock exchange.
Federal license would make the government almost guaan-
of issue of ok and would hamper many worthy enterprises not
able to comply with technical rules The stock exchange plan would
put legitimate business the hollow the stock broker
Publicity Covers solutionenforced publicity all in
volved in the stock issue.
He would require detailed statements of concerns financial
and physical condition of the for new
would be used of all fees and bankers
brokers'
Responsibility for false would pinned on the com
itself officers promoters its financial agents and m
Others concerned in marketing the issue
With such knowledge facts and such potecton aoa;ro
he an investor would go into deal with his open
PROTECTION enforcement officers have instructed to PROSE
cute selling hops and malt connection with other
ingredients tor the manufacture of beer This given rise to
Butt is merely enforcement of a law
The Vostead prohibits the sale ingredients intended for
the manufacture of intoxicating liquors prohibits the manufac
upon the statute books OF the IF ispleasing to ma
,o Of the citizens there but thing be done the mat
ter Repeal the Vostead The should be enfoed Ie
is desired but open; Repeal of the law
Increased majories against the liquor traffic registered in re-
cent elections. would indicate that majority of Americans
WE'LL iTff en Of eno1ee M the prohibition emf LEGISLATION
the majority in America is law. VIII q
Maybe day baseball will be a sport AGAIN ...1 e
business ~e' e"u u d
30 many touring souvenir hunters left hardly trace Of war in
France - '' Vi wal III
Thanksgiving time when the small boy enves appette food
strikers have. FF iou
the Shipping Board revelations anywhere near true some
dolar-a- year didn't their pay ~ ~
New Jersey bride mask ball and died of blood
poison The sage right who said BE thyseIf" = ~