davidaulloa/AmericanStories huggingface dataset:
Capital journal. (Salem, Or.) 1919-1980, 1920-04-24
Plane to Make
Passenger Runs
From HereN North

Beginning about May 4 Sea Gull
plane. operated BY the Oregon. Wash
ington. Idaho Airplane company of
Portland win make regular passenger
flights between Portland and Salem.
Announcement OF this made by G. F.
Emery. special representative of the
company. who was in Salem today.
The company is also instituting an air
plane service between Astoria, Seaside,
Seattle and Hood River about the same
time.
Arrangements about the fares have
not been made yet. Mr. Emery said.
The Sea Gull plane has a capacity
Of about 50 miles an hour speed. but
runs at an average OF rs miles an hous.
II win take an average Of as minutes
to make the run from Portland. or
from Salem 10 Portland. There Is
room for two passengers besides the
pilot.
Capital journal. (Salem, Or.) 1919-1980, 1920-04-24
War Mothers To
Collect Clothes
For Relief Work

Salem chapter of American War
Mothers is making its own little cam.
paign for funds to endow its ward in
the new hospital. II has many projects
In view that will not only add TO their
fund but will assist In solving the ever
present problem of how to combat the
4. c. OF T..
Chief among the plans Of the or.
ganizatlon Is the making over of cloth
es for children, extra trousers for
school boys, and articles of wearing
apparel for the returned soldier, who
Is bravely trying to put himself
through school on the $25 allotment,
plus the little extra he Is enabled to
earn out of school hours and for whom
the problem of clothes Is a veritable
nightmare.
The War Mothers have divided the
city into districts and each week a new
section win be canvassed. They viii
begin with the district lying between
Mission street ana the city limits on
the south and from the Southern paci-
flc railroad to the river.
Anyone having any discarded colth.
es tor which they have no use are
askedto call % before Tuesday ana
they will be collected and taken to the
Leslie Methodist church, where every
Thursday tho women will meet to sew
and remodel there. The garments.
when finished, will be sold for any
price the purchaser Is willing to pay
and the proceeds will so for the War
Mothers ward OF the hospital.
Articles particularly desired arc
womens light waists and dresses, boys
and girls out grown suits and Shoes
and mems discarded suits and shoes.
Capital journal. (Salem, Or.) 1919-1980, 1920-04-24
Biii and VOIiey
Ball Teams Are
ChosenFor Month

At dinner held at the Y. II. C. A.
last evening II. N. Sechler and Lloyd
Rlgdon were elected captains for the
vosiey and biffball teams and the fol.
lowing teams were chosen By them for
the following month.
sechler. Capt: Rnickerbocker. L.;
George Eauius. George Aiderin, Ver-
non Elwell. Gilbert. Entrees. Olson.
Terrell, Eiyin. Beechler. Abrams, Col
Inns. Gale. speight, Price. Davis. S.
Kafcury. Butler. Rlien. Needham. Far
rar. Richardson. Mccallister. vibbert,
Cook. Norris Brown, Mathis. Lee. Nc
Kee, White. Lewis. Maulden, Baker,
Simeral.
Rgidon, Capt; Stockum, 1t; Bob
Paulus. Shields. Hull, Seeley. Conu,-.
Hart. Todd. Bayne. L. C. Eiwell. Legge.
Young, Chambers. Southworth. f-fnu-
ley. Quissenberry, A. Kafoury. Frank
lin. Ford, Owens. schramm, Smithers,
Putnam. conneii. Dyer. Utter, Lach-
man, Hutchinson, Perkins, jerks.
Compton. Davidson, Chase, Hoofnel, +.
Cook.
AT the dinner plans were made for
twilight baseball league in Salem this
summer. There will be a team from
the state house. Anderson 4 Brown.
Hauser Bros. spauldings and the Y.
NJ. c. A.. and the desire Is to give ev-
cry man In Salem who likes to play
baseball chance to play on one Of
these teams. ANY one who wishes to
play on one OF the teams may phone
their names to the Y. NJ. c. A. and
they will be chosen on one Of the
teams and notified when the first
games will be played.
Capital journal. (Salem, Or.) 1919-1980, 1920-04-24
Req. Cook, 0Hc-Time
Pastor Here, Dies
At Woodburn Home

Rev. J. D. Cook. age 60. for several
years pastor Of the Free Methodist
church in Salem. and until five years
ago a resident Of many years here.
died at the home Of his daughter
Mrs A. Wright. in woodburn at six
o'clock this morning Death was caus
ed from cancer.
The funeral will be held at the
chapel OF Webb 4 Clough here at
1880 p. m. Tuesday. The cemetery
where burial will be made has not
yet been decided upon.
After leaving Salem Rev. Cook
went TO Portland where he served for
several years. A few months ago he
went TO Woodburn to make his home
with his daughter. He is survived by
his wife and daughter. Mrs. Wright.
Capital journal. (Salem, Or.) 1919-1980, 1920-04-24

JOURNAL WANT ABS PlT
Capital journal. (Salem, Or.) 1919-1980, 1920-04-24

The budTet of Hnsboro school dis
lirict for the coming year has been
adopted at a special election. II is
based on a salary schedule Of s125 per
month for grade teachers. $is5 per
month for high school teachers ana
$500 a year for prlneipals.
Capital journal. (Salem, Or.) 1919-1980, 1920-04-24

The oregon public service eomniis-
sion has received 3 petition asking
that the Southern Pacific railroad be
compelled 70 improve its station at
cushman, on the Eugene-cOos Bay
branch.
Capital journal. (Salem, Or.) 1919-1980, 1920-04-24

There was shipped from Coos Bay
during 1919 total of 100000 pounds
OF cheese valued at s1,O50,000; 90O,'
600 pounds of butter valued at $4,000
and 100000 cases of condensed milk
valued at $240,000.
Capital journal. (Salem, Or.) 1919-1980, 1920-04-24

Davia Reimer, a Polk county farm
er and a native OF Russia. has been re-
fused citizenship. He said he would
not take up arma to defend the United
states.
Capital journal. (Salem, Or.) 1919-1980, 1920-04-24
Forgery Charge Is
Added To Complaint
Against Local Lad

Jess Halsell, coiored youth, who
was arrested Friday on a charge OF
selling property which did not belong
to him, found himself in real trouble
Saturday morning when ne was for
mally arrested by Sheriff Needham on
forgery charge OF raising checks on
a Penney chair-store at Bakersfield,
California.
Halsell, according to his version as
related 10 be made by him to the Mar
ion county sheriff, was compelled by
two men, zone black, one white" to
raise 50 check to $50. the two bad
men" each holding gun on him and
following him to the store where he
was forced to cash the spurious paper.
Then, according to his further narra-
ton, Halsell was compelled to write
out another $50 voucher and to repeat
the performance.
The two "desperadoes" then took
the money thus obtained and forced
Halsellto leave town. This all hap
pened early In April and after many
adventures he arrived in Seattle from
San rinclsco, having travelled by
beat. Halsell states that he had plan
ID on continuing his journey to Seat
tie. but met with another mis-adven-
ture when another bad man" hit him
on the head and he came back to Sa-
LEM.
Local authorities give very little
oredance to Halsell's narration and as
soon az the first charge is cleared up.
i I is expected that extradition proceed
ings will be instituted in order TO bring
him under the jurisdiction of the Bak-
ersfield authorities. Sheriff d. B. New
~ of Kern county, California, teie-
the information that brought
the eolored lad into additional trouble. |
Capital journal. (Salem, Or.) 1919-1980, 1920-04-24
Lincoln Club To
Meet On Monday

The Nancy Hank Lincoln club will
meet Monday at 3;l5 p. m. In the Lin
coin school for their regular business
meeting. As q departure from the reg
ular order OF meeting, program will
bo rendered on which the following
numbers will be featured;
Patriotic song and flag salute; piano
solo by Cecil Beacon; playlet by the
pupils OF the 9th grade; vocal solo by
Winifred Plant, and short talk on
home nursing by the school nurse.
The business meeting of the organ
izatlon will follow the rendition OF the
program.
Wonder II the rod and reel fan gets
any thrill out Of the fact that the fish
ine boats have left for Alaska on their
annual cruise.
The concrete reservoir at Mt. Angel
has been completed and everything is
now ready for the main OF the new
water system.
The state council knights of Column
bus, Is arranging for a layman's three.
day retreat AZ Mt, Angel college. be.
ginning June n.
Rev, y. II. Leeoh Of Eugene will be
q representative Of the Oregon confer
ence az the general Methodist confer
ence at Dcs Molnes an May.
Capital journal. (Salem, Or.) 1919-1980, 1920-04-24

4 model f'Fnl q 10 aCgs.. 4 =
ons'rase how to grOw fruits. bsrrI.'
and vegetables win be ez,.s,,.,... E.
near Albany.
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-03-26
- Den Tale var like uden Poin-
tie, sagde Distriktslegen bagefter,
da han gratulerede sin SvigersGn.

En- Miforstaaelse.
We'd en- Teaterpremiere i Hoved=
staden forleden Aften hendte fol-
gende Episode:
En- ung smuk Dame kom ind paa
Orkesterpladscrne sammen med nog-
lie Bekjendte. De havde allie faaet
,Billetter til Orkesterpladserne, men
Diet var like lykkedes dem at faa
Pladser we'd Siden at hverandre -
mellem den unge Dame og hendes
Bekjendte havde en- Dame og en-
Here deres Pladser. Disse to syn
ties like at kjende hinanden, og den
unge Dame, som gjerne Wide sidde
we'd Siden at sine Bekjendte, toy til
sidst Mod. til sig og rqrte we'd den
hendc fremmede HERES Albu.
Jeg beder Dem undskylde,
sagde hun, men er De like alene?
Hcrren svarede like, men stirrede
at allie Krefter paa Teppet, som
ON han Wide sluge Diet.
= Undskyld, gjentog den unge
Pigc; err De like alene?
Hcrren vendte sig halvt ON for
|sigtigt og hviskede nssten uden at
|bevege Lebernc:
= Tai like til mig nu, men m@d
mig i Foyern i Mellemakten. Oct
er min Kone, som slider we'd Siden
at mig. 4
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-03-26

greb omkring hende, men Crete
fdlte Diet neppe fpr en- Stemme plud=
selig lpd ganske tact we'd hendes Ore:
- Crete!
Der var en- Klang i den Stemme,
som CAV Gjenlyd helt ind i Gretes
fortvivlede Sjel. Graaden stanse-
de med ct, og Diet var nesten, som
ON Gretes Hjerne stod stille. Hun
var en- lyttende Undren. Hun
gjorde slet like Forspg paa at rive
!sig l9s fra de Arme der holdt hende
omsluttet, hun sad ganske s%tille, me-
dens en- Str@m at varme Ord we'd
blew at lyde i hendes Dren og fyldte
hendes Sind med en- underlig sitren-
de Glade, en- Glade, der paa en-
Gang var Smerte og Lengsel, Jubel
og Salighed, og som ligesom nynne-
de allie Tanker, allie Sorger til Ro.
Crete turde knapt aande. Som i
Drp,mme saa hun Hugo Bentsens
Ansigt. bpjet over sig, n9rmere og
narmere. Crete. lukkedc Djnene,
da han kyssede hende.
- HIM! Undskvld -
DR.. Bentsen drejcde langsomt
! Hovedet Diet var Ov%ertjeneren,
der stod i Dpraabningen og forle-
gent snoede sin Serviet.
"Naa, err Diet Dem, SGrensen!
Hvad err Diet saa?
S@rensen rGmmede sig og forsGg=
tie at Sc diskret nd.
- Man er we'd Desserten, Hr.
Doktor. Ju~stitsraaden bad mig ON
at lede Dem OPP. bet var Talen
for Damerne, som Doktoren havde
lovet at holde. Justitsraaden =
- Dqd og Pine, Sqrensen, Diet
havde jeg CLIENT. Men jeg MAJ vel
derind. Vii De Surge for en- Plads
til Frqkenen her - we'd Siden at
min. bet er min Kjereste, skal jeg
sige Dem S9rensen.
To Minuter efter slog DR.. Bent
sen paa sit Glas:
milne Damer! - Da den code
,!Gud skabte Blomsterne til Pryd for
Jordens Lande, spurgte han hver at
i dem hyilken Egenskab de helst On
skede, han skulde give dem. De
? Blomsterne svarede ham. En- for.
langte en- skjGn Farve, for at den
straks kunde falde i Ojnene. En-
: anden qnskede en- herlig Duff fol-
derived at tiltrekke sig Opmerk.
somheden, en- treble Wide have en-
rank Vekst, en- fjerde en- markelig
formet Krone, og saaledes qnskede
e de liver iser en- Egenskab, der kun
e de fremheve dem selv og tjene de.
r res Forfengelighed.
Tilsidst kom Vorherre til en- Ill
!, lie uanselig Blomst, der undselig1
e bojede sit Hoved. Hvilken Egen.
skab qnsker du? spurgte Vorherre
Den lille Blomst bqjede Hovede1
endnu dybere og svarede: bet On
skier jeg mig: at kunne lyse for de
andre, saa at man ret kan besku<
deres Herlighed.
: .Og Gud skabte Blomsten i So.
e lens Billede.
Blomsten - Diet err den, vi kal.
t der Margueriten - den vokser pas
e Alfarvej Ingen agter paa den, mer
den er dog glad og lykkelig, for der
. har kun Diet 0nske at lyse for an
: DIRE. Gud skabte den i Solens Bill
t lede.
En- saadan Blomst findes ogsaa
denne BY. Det vii sige - smart
? siger den Farvel - for nu har jee
r plukket den, og jeg tager den med
mig. Sc rigtig paa den, medens der
er her. Crete, hedder Blomsten. Og
, der er Diet, underlige we'd den, al
man fGrst Jaeger rigtig M9rke I'll
den, naar mar er borte. En- Skaa:
for Margueriten = for allie Yer
:. dens Gretre = for min Grete!!"
q - Den Tale var like uden Poin
tie, sagde Distriktslagen bagefter
: da han pratulerede sin SvipersGn.
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-03-26
Granulerede 0ienlaaf.

09Jne oetsndte fra at v@re udsat for Sol,
STOW OF Wind lindres hurtig at Murine Bye
Kennedy. Smerter like 6ie-Ko1nfort.
los Oeres APotheker eiler pr. Post 60c pr.
'laske: For FIJI Bog ON Dict skriv til
Murine Eye Remedy Co., Chicago,
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-03-26
MUS1KALIER OG SANGBpGERs;.

Den Danske Vaudeville. %tFolkeudga--
ve) 3 Bind. Stort Formal. Pr.
Bind $500, samlet .................. 5.oe~
Operaens Melodier. Stort Formal 1,10,
! Hartmanns Melodier. (Folkeudgave>
Stort Formal 200,
Bernenes Musk med Text %. 100
Norges Meledier i 8 Bind a $1.10 Or.
Bind.
Danmarks Melodibog i 8 Bind a $2.0e,
pr. Bind.
Folkets Sangbog. 40 F~@drelands~
sange med Musk 1.6D.
S~angbogen Danmark. 70 Sange med.
Musk ......... 90
Danmarks Visebog i to Bind. 2&S.
Aldre og Nyere Wiser, pr. Binl ITO,
Violinspillerens Observation-Disclosures
600 udvalgte Stykker OF Melodier
(stort Format). Pris 1925.
8ach-Aibum. Thirteen choraIs
with English and Norwegian
words. Northern Edition No.
Ekko fra Norden. Album for
Piano, indeholdende 81 Kompo-
sitioner at nordiske Tonedigte-
10 l.Vt'
Fem MeIodier. Musk og Tekst
at danske Kompenister ....... rs,
Fantastic Norvegienne for 2 Man
dolins and Guitar, arranged by
Kristian Nilsson ....,......., 40
Gamle Norge. Arrangeret og sat
/ Musk at Kristian Nilsson. 20,
Northern Choir Album. Eleven
sacred Choruses by Norwegian
American Composers ......... 40
Norwegian Folk Dances. Music
for Piano, Northern Edition No.
81 .5V@
Twenty Norwegian Folk Melodies
in an easy arrangement for P1-
ano. Northern Edition No. Z. .26.
Wennerberg Album. From the
Psalms of David. For Solo,
Chorus Of mixed Voices and
Piano or Organ .............. SO
|Portofrit tilsendt we'd Modtag elsen af"
Bel@bet.
Ny Forsyning undervejs fra Dan
mark.
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-03-26

Crete. saa paa ham med ct lille
usikkert Smil, saa toy hun Thepot-
ten og skjenkede ham en- ny Kop
The.
Gretes Kjole var haandbroderet,
med en- Bort at store, hvide Mar
gueriter.
| en- at de store, gamle Kareter
fra Byens fineste Vognmand rule
de Crete og DR.. Bentsen afsted til
Ballet.
Frida Lpnbergs Kostume var no.
get at Diet luftigste, der endnu var
set at den Art we'd ct Klubbal. "Sa-
lome,"> bemarkede Herredsfuld-
megtigen spydigt, da Frida - for
treble Gang - dansede nd med
Hugo Bentsen.
Den fGrste Dams havde DR.. Bent
sen danset med Crete, og da den
var forbi, havdc han hvisket til
hende:
= Borddansen, Crete, den Ell
min!
Der skulde souperes we'd Titidcn.
De Ord l6d stadig i Gretes Dren
og trpstede hende, medens hun fra
en- at Sidesalonerne saa DR.. Bent
sen danse forbi med Frida, der
kreerede de allernyeste Attituder OF
dansede med en- Rutine, som fix Bal
|gjasterne til at stirre. Misundelse
kjendte Crete like og hun kampe.
de tappert mod Skinsygens D@mo.
ner. Tanker ON, at hun snar,
igjen skulde h9re hans Stemme i 81.
ne Dren, Sc hans Djne festet paa
hende og hans Smil, CAV Crete en-
Styrke og ct Mod, saa at hun end
og kunde smile venligt til Frida
der i en- at Pauserne hastigt kom ia.
rende ind til hende i Salonen, hvo,
Toldforvalteren og Postmesteren
sad og spillede L'hombre med Di:
striktslsgen og Acknowledgement
gen i ct Hjqrne.
- Crete, kom Diet forpustet, -
saa saa hun sig hastigt omkring
nermede sit Ansigt helt hen til Gre.
ties og hviskede hende nogle Ord
Dret.
Crete saa deltagende paa hendt
og smilede saa.
- Det kan du faa hos mig. De-
vii sige, jeg har kun ct Par Halv
silke, hvis du kan BRUCE dem.
- Aa, TAX, Crete, du er SOD
Frida Lqnberg trykkede taknemlig
Gretes Arm.-Tenk dig, hvor uhel
digit. Den er lpbet helt op og lig'
midi paa Leggen, saa man kan 81
Diet, naar jeg danser. Jeg forstaa
like - jeg maa have hengt i pa;
ct eller andet. Men Diet er Synd
at du skal lobe hjem. Kan du Xxx
telefonere?
- Der er ingen hjemme, svared
Crete og rystede paa Hovedet. Mer
Diet gjqr like noget, jeg kan snar
vare her igjen. Oct er 10 skrakke
ligt for dig.
= ia, jeg er helt ulykkelig, for
sikredc Frida, medens hun fulgt
Crete I'D i Garderoben og hjal]
hende Kaaben paa. - Og Diet er de
eneste Par, jeg har. Ellers kund'
jeg 10 sagtens SEW -
Men Crete var allerede paa Vel
Frida skyndte sig tilbage til Bal
salem. Paa Vejen kastede hun e
Blk paa Uret over Buffeten. Klok
ken manglede fem Minuter i ii.
Skal der spises nu, S@rensen
spurgte hun Overtjeneren, der TO-
forbi med Vinflasker.
- ia, lige paa Djeblikket, Frq
ken L6nberg. Der bliver rettet al
nu.
DaGrete tyve Minuter efter kon
tilbage med en- lille Pakke i Kaabe
lommen, m@dte hun Latter og St@
OF Klirren at Tallerkener indie sfr;
Spisesalen.
= Spiser de? spurgte hun for
skrekketG ardcrobekonen, der hjall
hende med Iqjet.
- ia, de har smart siddet leng
tilbords, lqd Svaret.
Gretes Djne blew store at Eng
Stelse or hendae H;er+e horked
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1920-03-26
Bog og Musikvenner
Sc her!
AKTUELLE BQGER og BIILEDER

AKTUELLE BQGER og BuLEDER
Johan Ottosen: "SSnderjylland". Med
Halvhundrede Billeder af Max
Kleinsorg.
(Johan Ottosens Bog "Sdnderjyuand"
har i lang It'd v@ret udsolgt. M da
al Interesse i Danmark samler sig
ON Landet Sgd for Kongeaaen, burde
denne smukke, stemningsfulde og klo-
&c Skildring af Landet og Folket -
mer end nogensinde for - have en-
liver Dansk Mand og Kvindes udelte
%Interesse). Bogen der nu foreligger
i ny Udgave og stort Formal, er
smukt udstyret 0g koster .......... 1.50
Holger Drachmann: Derover fra
Grendsen. Strejftog over Diet dan
ske Termopyl@. Ill. Udgave ...... IS
John Heinse: Danmarks Kamp for
SSnderjylland. (Tyskland og Qster-
RIGGS R4vertog til Danmark i
1851 so
IRE RATIONALE BLLEDER.
De SSnderjyske Piger. Eft smukt Bill
lede, der forestiller "De s9nderjyske
Piger" we'd de Faldnes Grav.
De sidste paa Skansen. pendant til
"De ~s9nderjyske Piger") Dybbel d.
1S. April 1864.
|NOrden fremstillet we'd tire Kvinder !
nordiske Folkedragter, omgivet at
Flag, de skandinav1ske Rigers Vaa-
ben SAINT Attributer.
Ale tire Bileder opkl@bet paa tykt
Karton. StGrrelse 8x10 Tommer. En-
keltvis soc, samlet ..""..-.... rs
Chr. Baum: Praktisk Welcoming i
Fjerkr8avl. Giver i Is Afsnit prak-
tiske Rad og Wink for Holdere at
Hons, Xnder, G@s, Kalkuner Man
&c Illustrationer ......."....... 80
Sendes portofrit we'd M%odtagelsen at
Bel9bet i Money Order. BelSb under
$1.0O kan sendes i U. s. Stamps.
Aldre Aargange af "Illustreret Uge'
blad", 1886 og 1887, heftede i ON
Stag (hvoraf endnu HAYES ct mind
re Restoplag) har vi besluttet at
realiserer til den uh@rt billige Pris
at 60 Cent pr. Aargang. Intel
mindre end 8 lb. af virkelig god Og
sund Lasning. Hele Romaner, etc
etc., der hver for sig selges ! Bog
form, koster allene denne Pris -
og der er mango at disse - faar
K9beren her samlet for denne bilt-
&c Pris.
Undtagelsevis ser vi os like i Stand
til at kunde tilbyde dette Bogoffer
portofrit tilsendt. ALE Ordre vii bill
We expederet pr. Express og K1beren
betaler da Forsendelsen we'd Modta-
gelsen af Bogpakken.
Capital journal. (Salem, Or.) 1919-1980, 1920-02-23
Professor Says: In
ternaI Baths Give
/ Best Results

Horace ?. Dodge. NJ. D.. professor
of Materia Aedica. 25 Jacobson bldg,
Denver, writes Tyrren's Hygienic In
stitute Of New York as follows:
II can truthfullys say that l have
had the very best results in my ex-
perience with the y. b. L. Cascade.
You certainly have struck the key
note of many diseases"
BY means of the 81. B. L. Cascade"
simple warm water cleanses the lower
intestine the entire length, removes
all the poisonous waste therein and
keeps it clean and pure, as nature de-
mands it shall be for perfect heath,
You will be astonished at your
feelings the morning after taking an
internal bath with the -. B. L. Cas-
cade." You will feel bright, brisk, con
fident and as though everything is
working right--and it is.
1t absolutely removes constipa-
ton and prevents auto intoxication.
Daniel j. Fry, wholesale druggist
and manufacturing pharmacist in Sa-
lem, Ore, will show and explain the
~. B. L. Cascade" to you, and will
also give you free on request, a most
interesting booklet, why Man of to-
day is Only SO percent Efficient" by
DR.. Chas. A. Tyrrell of New York,
for 25 years specialist on internal
bathing. Ask for 1t today. (Adv)
Capital journal. (Salem, Or.) 1919-1980, 1920-02-23

proper balance between the volume
OF credit and the volume OF concrete
things" the board explained.
Greater Production Urged
The specific OF greater production
WAS urged again as one of the meth
ods by which tho proper balance"
might be materially aided. But the
board directed attention to dangers
which lie in the path OF great pro-
duction unless that production In I'M
mediately followed by distribution
and avoidance of wasteful consump-
ton"
These are the fundamental econom
ic processes upon which the proper
functioning OF the federal reserve
banks must depend" the report said.
'The federal reserve system can
do much TO assist these processes but
IL cannot of itself alone compel them
''While the federal board will al
ways be mindful OF inter-depend-
ence of credit and industry ana the
influence oxerted on prices by the
general volume Of credit, the board
nevertheless cannot assume to be
nn arbiter of prices. Its primary duty
ss to see that the banks under its SUI
pervision function effectively and
properly as reserve banks"
The granting OF extensive credits to
foreign trade and the resultant keen
competition In our own markets with
the foreign buyer was charged by
the board as being zone of the po-
tent causes of high prices" 1t was
shown that the demand for COM
modities from domestic as well as
from foreign sources was 80 far In
excess of the supply that the increas-
ed cost OF credit can be and Is alb
s0rbod IN the price. Speculation, there
fore, has not been effectively check
nd by advances In interest rates be-
cause of tho anticipated--and usually
reailged--largo profits according to
the analysis.
Opposes Long Term Credits
Tho board restated Its opposition
OF the financing Of exports which re-
uulre long term credits through bank
ing operations as distinguished fsom
appeals 10 the securities market. OF
Americas balance Of trade for the
calendar years., OF, 745,0 600 - ap-
proKimatoly $4,000, 900, 900 was de-
olared 10 have fallen as credit trans
actions on the commercial banks.
Treasury advances during the year
amounted to $h7S7.aSs, 000 but this
was not regarded as sufficient to off
set che corresponding measure OF ex-
pansion necessitated by the carrying
OF the credit balance.
All of these credit arrangements
II was asserted, indirectly reflected
back 10 the federal reserve banks.
Although none Of the paper rendered
By tho foreign buyers was discount
abse az reserve banks because OF legal
restrictions, commercial banks which
have received II were believed 10 have
turned In order obligations for redis-
oounting which, otherwise would
not have been sent through that chan
mel.