davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1920-01-19

playing a baneful role in this programme
of quick deflation. The Wall street in
terpretation of the Treasury Departments
campaign is that it aims at reducing the
high cost Of living at all hazards before
the Presidential elections next fall
Too Rapid Deflatien.
Certain dangers, it is contended, are in
herent in such programme of undue
haste in affirming a laudable end. If
this country debates too rapidly il is
possible no credit viii be left for financ-
ing foreign trade, with the unfortunate
result that the United States may lose
it's foreign markets for surplus produe-
ton. awakening when too late to discover
that its European customers have made
arrangements elsewhere tor supplying
their needs. 1t is desirable that the high
level of prices should be lowered, but that
end should be attained By orderly de-
flation.
Reyerting TO the immediate credit situa
ton, bankers say there Is reason Tor be
lieving that the peak of initiation has been
passed. The downward movement III the
Federal Reserve Banks reserve ratio has
been arrested. That ratio last week was
8 points higher than it was the week i'm
mediately preceding. At ALI per cent the
ratio was at the highest level touched II
several weeks. Moreover the Clearing
House banks also issued statement IN
satisfactory contrast with the one they
issued the week before. 1t showed thai
the deficit in reserve had been eliminated
and that surplus had been restored. II
is not to be inferred from that evidence
of an improved credit position that tho
local situation has been corrected. The
best opinion is that funds will be easy only
in the degree to which they are not alb
sorbed in stock market operations. But
the symptoms of improvement arc plain
and encouraging.
For some time to come, therefore, the
money situation, more than any other fac
tor. will govern the stock market. At the
same time otncr matters are pending which
may have an immediate reflection in the
market for securities. One of these is the
Supreme Courts finding on stock diyi
dends. The court may hand down that
long awaited decision today.
Expect Exempt Ruling.
Wall street believes the ruling will ex
empt stock dividends from taxation as in
come, because the English courts already
have handed down such decisions. As the
American system Of Jurisprudence il
founded on the English law il is rca
soned that the American Supreme Court
will see this stock dividend question in the
same light as did the English court.
favorable decision probably would result
IN quick advances in the many industrial
issues which are in line for dividend dis
tributions.
! Progress which Individually is being
made toward compromise and early
The New York herald., 1920-01-19

Importance to borrowers
on banking collateral. Upon that deci-
sion will hinge the future policies, not Of
Stock Exchange interests SO much as of
the very large body OF commercial bor-
rowers throughout the country.
Primarily the bankers viii decide upon
a uniform policy Of establishing the in
terest rate upon bank balances, but ulti-
mately their decision will be the guide Of
the Federal Reserve Board in >Jeiermin-
ing the moot question of advancing the
discount rate on commercial paper in its
campaign to deflate credits on commodi-
ties. The country has been warned re-
peatedly that such an advance is intend
ed The Federal Reserve Board is un-
likely to delay action longer than neces-
sary to enable bankers to determine their
own interest policy. Undoubtedly it will
make known its decision this week. The
New York Clearing House Association,
without awaiting the Chicago conference,
has pointed the way by establishing q
maximum interest rate.
Discount Rate mn Index.
This prospective advance in the com.
mercial paper rate is matter of deer
concern to Wall street because the dis
count rate is the visible index of th'
credit situation. The stock market pro
ceeded to correct it's own position last
week. For that reason it may be said
the market is prepared, possibly to
larger degree than is understood popularity
for any further developments in the credit
situation.
While Wall street, as ever, has shown
disposition to meet the government
more than half way in any financial pol
icies it may outline, an occasional note
of criticism is heard with regard TO the
Treasury Departments cam paign to brins
about deflation. This criticism is aimee
primarily at the evident haste of the GOV
ernment in achieving an end which il
praiseworthy enough if accomplished
without unduly disturbing a sensitive
credit structure.
1t is suggested that politics may l''
The New York herald., 1920-01-19

4 EIESE notes constitute an unconditional
obligation Of the Belgian Government re-
payable in New York City in dollars. In
addition to an income yield of over 10, the
Belgian Government has made provision
whereby a substantial profit may accrue to
the Noteholders upon rise in the value of
the Belgian franc. The precise method of
realizing this possible exchange profit is set
forth more fully in the prospectus describ-
ing the issue.
The New York herald., 1920-01-19
STOCK MARKET
WAITS OUTCOME OF
} ANk CONFERENCE
Interest on Balances and Com
mercial Paper Rate To
Be Decided.

With its speculative position measur-
ably improved through the process of
forced liquidation in the latter part OF
last week the chastened stock market is
awaiting developments in a number of
important pending matters absorbing the
attention of financial interests.
Possibly most concern is felt regarding
he outcome of the nationwide conference
4 bankers in Chicago this week called
I,r the purpose of deciding on step OF
The New York herald., 1920-01-19
,TI0NAL BANK OF EGYPT

established under Egyptian Law. June. 1S98s
wiih the exclusive right TO issue
Notes payable at sight. to bearer.
~, aoI 90 sh.r.. :; :;o ,u;S, U.;1
RESERVE FUND ............. f2. 900. 900
Goyernor-F. T. RoWLATT Esq.
HEAD OFFICE--CAIRO.
gah-Governors-J HOME. Il. HORNSBY.
BRANCH-ALEXAND
LONDON AGENCY:
and KING WILLIAM ST. LOSDON.E.C.+
. ne Bank transacts all kinds Oh banking
bgs,ness. ,a z.c,x,.
nd In the Soudan Mt Khsrtoum. Fort souden.
cti.ess Egypt NJ Cairo ,heau OtliceJ, Aaea'
Indra. Assiour. Agsusn. Benha. Beni- Suet. Cn1-
sinel-ko.n. pamanhur. Fsyoum. Keneh. Luxor.
Minieh Avusky iCairoi. Fort SAID.
gussin. and the Sub Agencies at Ell bsid. Tckas
and vs. Nsd -Medani.
THE Farmers and Merchants National Bank.
located at Boswell. IN the State of Oklahoma, Is
closing it's affairs. All note holders and other
creditors OF the association are therefore hereby
notified 10 present the notes and other claims
fo- payment.
Dated January o, 1890.
The New York herald., 1920-01-19

Prior to the war three-ffths of relsium's
total area ofII,373 square miles was under
cultivation, Snd the value of the produce
averaged 500 per acre, yield cqualed by
no other country. One man in every six
was land owner.
The territory seriously devastated by war
amounted to only 10000 acres, which is less
than one per cent. of ofthetotalareao of Belgium.
Agricultural production in g 9 surpassed
the average for the years preceding the war,
the yield of wheat, oats, barley and rye
having been particularly good.
Belgian railways destroyed during the war
have been practically restored. And with
total railway mileage of $500 miles, Belgium
has the greatest railway mileage of any
country in proportion to territory.
Before the war the thrift and industry
of the Belgian people had earned their
country eighth place among the nations Of
the world for wealth, sixth place in volur,e
of total foreign trade, and first place in
actual trade figures per capita.
In order to buy new machinery, as well
as raw materials, Belgium needs credit Of
sufficiently long terms to permit her indus
tries to bring up the volume of export to
pre-war figures. and thereby reduce the un-
favorable trade balance which now initiates
against her outside purchases.
To assist in this readjustment this issue
Of Belgian Government Notes is offered 70
the American people.
Fer (eHGrf rtgsrd,sg this ipS, ,,fr,ssn msls
drraia, 6ncrfsfrg hs fenehlfy, eobtJ Of
h,rb. wfH a. @ Mr. Blsz5fs bsokkt. may BE- lad 9bss
stehrSfwS.
January Io. Toso
The New York herald., 1920-01-19
$25,OOO,0O0
BELGIAN GOVERNMENT
EXTERNAL GOLD LOAN

Oneyear So Notes SO and interest yield slightly over7%
Fve-year 6 Notes a9M yield slightly ICE
The New York herald., 1920-01-19

tsrs Morgan New York fiscal
7,a" Union Chase National Bank Naanal
L. Hgaon all Neg York. and Central Trust Co.
Habe, Co, all Of ud'1ii
The New York herald., 1920-01-19
Belgium's Industrial
Recovery

mo nation in Europe has undertaken re-
construction :fter the world war, with more
industrial will power than the Belgians, and
Belgian Industry, in many lines is approach
Ing normal activity.
Mr.. d. L. Blount, until recently Director
General, Central Office ofInformation under
TIE Ministry of Economics, Brussels, has
written booklet under the title of "Bel-
gums Recovery" and from it are extracted
the following figures and estimates on the
resumption of Belgian industry:
Coal mines, g. per cent, normal; refined
sugar, 100 se' cent: cotton spindles in oper-
ri on, js per cent: cotton looms, 80 per
cent: wool products, IS per cent: shoes, 70
per cent: wirdow glass, 81 per cent: plate
glass, IS per cent? the steel mills which suf-
fercd .-.ost, have resumed 80 per cent: IL
blast furnaces are now producing 10 per
cent. OF the output of the 81 blast furnaces
in operation before the war.
C the 9,197 pieces of machinery taken
away during German occupation, 5000
have been recovered.
The New York herald., 1920-01-19
RANGE OF STOCK PRICES FOR THE WEEK

Bndd in pnvnu
o hs weeks
The New York herald., 1920-01-19

As SUBSCRIPTIONS for the aboge hare rard The
yadi recording the and industrial of Belgium
The New York herald., 1920-01-19

playing baneful role in this programme
Of quick deflation. The Wall street in
depreciation of the Treasury Departments
campaign is that it aims at reducing the
high cost Of living at all hazards before
the Presidential elections next fal4
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
PROPER Time TO
PREPARE GARDEN
A Few WeIl-Cared-For Hotbed
Sashes Are Good Money Max :
ers on Any Farm.
COVER CROP IMPROVES SOIL
All Rubbish, Dead Vines or Plants,
Stakes and Poles Should Be
Cleared Away and Ground
Planted to a Green Crop.

Whether it is conducted on an ex-
tensive scale to supply the market or
whether it is to produce food for the
family the garden plot is likely to be
the most profitable acreage on the
farm. Gardening really starts in the
fall. When the last vegetables have
been removed and stored the prudent
gardener sets about to prepare the
ground for the next years crop.
Clearing Away Refuse.
Any rubbish, dead vines or plants,
and bean poles or tomato stakes should
be cleared away, says the United
States Department of Agriculture
and the ground sown to rye or some
other green crop to prevent the loose
earth from washing under the winter
rains. A cover crop also improves
the physical condition of the soil.
When cover crop cannot be supplied
the next best thing that may be done
is to pillow or spade the soil and allow
1t to lie rough throughout the winter.
This practice destroys many insects
that lie just below the surface The
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
ESSENTIALS FOR BEST EGGS
Proper Proportions of Sound Grains
Oyster Shell and Clean Quarters
Are Necessary.

Just because an egg is freshly laid
by an apparently healthy hen it cannot
be assumed that it is a good egg. Hens
that are forced to obtain the greater
proportion of their living as scaven-
gers and given a poor range to work on
cannot produce eggs of as good quail
ity as can flock which regularly is
fed a good ration.
Eggs lacking protein have watery
white and the shell is apt to be thin,
owing to the partial absence of such
lime. Such eggs, besides being of less
value as food, are more than likely to
bring forth puny chickens of low vi
tality, subject to white diarrhea and
an early death. With proper quanti-
ties Of wheat, bran, clover, oyster shell
and sound grains in the ration fed to
laying hens, eggs with firm shells. rich
IN protein and delicately favored are
sure to result, providing, of course,
that the flock is given clean nests and
runs and is kept free from mites.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
FARM INVENTORY IS
INDEX TO PROGRESS
Practicable Way, of Answering
important Questions.
Bulletin Recently Issued by Depart
ment of Agriculture Enables Farm
er to Determine Exactly His
Financial Status.

What is the net worth of your farm
business? Is 1t more or less than one
would imagine from casual inspec-
ton of your farm? Do you know for
sure whether you are going or coming
in financial standing?
These are important questions to
the farmer, and questions that are not
so easily answered as would at first
appear. Farming is an intricate bust
ness, and one in which returns from
investment are sometimes long de-
layed, so that progress cannot be ac-
curately measured by the amount Of
money taken in given time. Some
times cash income may be almost
wholly attributable to reduction in
other assets, so that in reality the re-
suit is like taking money from one
pocket and putting 1t in another.
The farm inventory, or property
list, offers the only practicable way of
answering these questions. Once the
farmer has made a complete list of
all his assets and liabilities and has
balanced them he knows just what his
net worth is, and when he has made
such a list annually he knows each
year whether he has gone forward or
back, and just how much has been the
increase or decrease in the net worth
Of his business.
The United States Department of
Agriculture has just issued Farmers
Bulletin 1882 entitled Farm Inven-
tories" in which are given detailed in
structions for making an inventory of
farm property and revising such list
from year to year. BY using the sim
pie system described in this bulletin
any farmer can determine exactly his
financial status and lay the founda-
ton for permanent system of &C
counting. Without the farm inyen.
tory as basis no system of account
ing that might be chosen would be of
any great use to the farmer
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
Thousands Have Kidney
Trouble and Never
Suspect 1t
Applicants for Insurance Often
Rejected.

Judging from reports from druggists
who are constantly in direct touch with
the public, there is one preparation that
has been very successful in overcoming
these conditions. The mild and healing
influence of DR.. Kilmer's Swamp-Root is
soon realized. 1t stands the highest for
its remarkable record of success.
An examining physician for one of the
prominent Life Insurance Companies. in
an interview on the subject, made the as
tonishing statement that one reason why
so many applicants for insurance are re-
jected is because kidney trouble is SO
common to the American people, and the
large majority of those whose applica.
tons are declined do not even suspect
that they have the disease 1t is on sale
at all drug stores in bottles of two sizes,
medium and large.
However, if you wish first to test this
great preparation send ten cents to DR..
Kilmer & Co., Binghamton, N. Y, for
sample b1ttle. When writing be sure and
mention this paper.-Adv.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
Ro.beds Furnish Early Vegetables at
Time When They Command High
est Market Prices.

winter frosts have a tightening effect
upon the soil, especially on clay soils.
The earliest and choicest, vegetables
are harvested by the man who main
tainS q few hotbed sashes and uses
them to start his garden. He is able
TO handicap the frost line by several
weeks, and to set strong, well-devel-
oped plants in his garden at a time
when his neighbors are planting seed
The farm income is at it's lowest
point in the early spring, but it can be
increased considerably by the sale Of
young plants grown in hotbeds and
ready for transplanting. Tomato, cab
bage, eggplant and pepper plants are
always snapped up when the first
warm planting days come, and they
are easily grown in the hotbed. A
Little more space and little more seed
than the grower needs for his own use
are likely to bring good profits Be
fore the ground freezes in the fall is
good time to clean out the old hot
beds.
Unless the soil used in the hotbed
is to be exchanged for fresh earth it
should be shoveled from the bed and
tossed into pile nearby. The de-
cayed manure from the bottom is scat
tered over the pile and thoroughly
mixed with it to form rich soil for
next years beds. Over this goes a
coat of straw or leaves held down by
bits of board to keep it from blowing.
Some farmers find it convenient to
use evergreen bougns instead of straw
for the outer covering.
Preparation of Hotbed.
New hotbed pits should be dug so
that they will face the south, and the
location should be selected so that
the beds will be protected from the
cold north winds and lale spring
storms. Sometimes the earth taken
from the new pit Is suitable for use in
the hotbed, but this is the exception
rather than the rule. A few loads of
Leaf mold from the woods mixed with
the natural soil will often form a
ENAiOOois iiNh SIoiiNlNSofS lieloo WHICH,
gives an ideal hOtbed filler.
The back or north side of the frame
Is usually from II to IS inches high,
while the south end is about eight
inches. so that the whole bed may have
pitch enough to get the sun upon all
parts. The standard hotbed sash Is
handled by most dealers, and measures
three feet in width and six feet in
length. A frame just wide enough to
support the sash seems to be the most
satisfactory, though wider beds are
sometimes used with supporting RIDGES
placed at siX-foot intervals A we'll
painted cypress sash. glazed with a
good double-strength glass well set in
putty should give the careful gardener
10 to 10 years service.
Heat for the hotbed is furnished by
means Of bed of horse manure s to
16 inches thick in the bottom of the
pit. Permanent hotbeds are often
heated with coils of steam or hot
water pipes under the bed.
HOtbeds require constant care to
prevent their becoming overheated,
especially during bright weather.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
PREVENT RATTLE OF BONNET
Strip of Lamp Wick or Rawhide Fas-
tened Along Edge of Radiator
Will Stop Noise.

The mOtortruck is, of course, pecu-
liarly liable to rattles, and anything
that helps reduce this will be valuable.
A strip of round lamp wick or raw
hide fastened along the edge Of the
radiator upon which the front end Of
the bonnet rests viii prevent some of
the noise. The ledge can be prepared
for the wick or hide by drilling holes,
through which the material is thread
ed, or by drilling smaller holes and
securing the wick in place by pieces
of fine wire.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
TRANSMISSION,

The youthful Softleigh seemed SO
depressed that Ills friend Moreleigh
was moved to ask the reason.
"Alice has broken our engagement"
said he of the dOwncast look.
"Sorry to hear that" said the friend
"Why did she break it?'
Because l stole a kiss"
"What! A fiaIcee object to her fell
low stealing a kiss from herr
The trouble was" Softleigh ex-
planned, II didn't steal it from her.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
Big Rat With a Bark.

The attention of the Texas depart
ment of health has been called to a
new rat which has appeared near Red
Rock, which is said to be as large as
squirrel and acts much like kan
CARGO. II has bark like a small dog.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30

Watch Cuticura Improve Your Skin.
On rising and retiring gently smear
the face with Cuticura Ointment.
Wash off Ointment in five minutes
with Cuticura Soap and hot water. 1t
is wonderful sometimes what Cuticura
will do for poor compilations, dandruff,
itching and red rough hands.-Adv.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
MUCH SOIL FERTILITY LOST
Soil Washing or Erosion Can Be Pre-.
vented by Keeping lilly Lands
in Sod, Etc.

Much soil fertility is lost every win.
ter by washing OF erosion. Put a
stop to it by keeping the hIly lands
in sod, planting a cover crop, prOvid.
ing undertakings. filing the gullies
with brush, etc.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
Handy RACK for Fodder.

on the ground. Two crosspieces are
firmly fastened to the poles and two
uprights at the rear prevent the
corn from sliding off. Several shocks
of corn can be loaded on this and
drawn to the feeding yard or barn.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
Not Guilty,

Mr.. Sanders desired the job he was
applying for. He needed it badly. He
and the prospective employer were
coming to satisfactory conclusions
when Mr.. SANDERS was asked about
his habits.
81 never had any" said Mr.. Sanders
positively.
"Never had any,"
mo, sir, 1 never had any habits l
can get you a written guaranty that
1 never had single habit"
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
Keen IL Quiet.

Little Jacky-Look, mother! that
bulldog looks just like Aunt Emily
MOther-Hush, child Don't say
such things.
Little Jacky-Well, mamma, the dog
can't hear it.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
DEVICE FOR HAULING FODDER
Several Shocks of Corn Can Easily Be
Drawn on inexpensive Rack
to Barn or Yard.

A handy device for drawing corn
fodder from the field is shown in the
cut. 1t is a rack made Of two poles
which are fastened to the bolster of
the front wheels. The rear end drags
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
Below the AVERAGE.

According to the comptroller of cur
rency the average man carries $40 or
s15 in his pocket every day. Oh to
be an average man.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30

Those who will abandon a friend for
one error, know but little of the hu-
man character
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30

Manhood is above all riches, over
tops all titles; character is greater
than any career.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30

Indigestion produces disagreeable and
sometimes alarming symptoms WrIghtis
Indian Vegetable Pills stimulate the diges-
tive processes to function naturally.-Adv
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
Halls Catarrh Medicine

Those who are in a run down" condi-
ton will notice that Catarrh bothers
them much more than when they are In
good health. This fact proves that while
Catarrh is a local disease, it is greatly
influenced by constitutional conditions
HALLS CATARRH MEDICINE fs q.
Tonic and Blood Purifier, and acts threugh
the blood upon the mucous surfaces OF
the body, thus reducing the Inflammation
and restoring normal conditions.
Ali druggists. Circulars free
=. ]. Cheney & Co., Toledo, Ohio.
The Result.
Il told Brown those were doubtful
securities
Did he raise anything on them1"
"Oh, yes; he raised a smile"
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
The Main Object.

"What is your son doing at college
this year,"
me"
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30
its Class.

"My cake is dough-" cried the
ruined hacker of the show.
THAT is what angel cake is sup
posed to be-" explained the manager.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30

Garfield Tea, taken regularly, will cor
rect both liver and kidney disorders.-Adv.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30

When actors quarrel they can re-
sort to the makeup box.
The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-30

. When a farmer tiakEes the earth
his fields laugh with crops.