davidaulloa/AmericanStories huggingface dataset:
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1920-08-11
LoST--FouND
LOST--:A A radiator cap with motor.
meter. Finder leave at f2s r. Har.
rison and receive reward.

Norman-Miss Wilhelmina Ostsf.
haus, superintendent Of the Uniyer
sity Of Oklahoma infirmary. an
nounces that only twenty summer
session students were cared for drr-
ing the last term.
I as gfNN GW...n en- cmfw etaoi yb
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1920-08-11

Muskogec Lucinda Pitman. fBl.
blooded Crock Indian and her two
tots. will receive 5000 900 and anew
ciI Lease on property II. the Glen
Pool following settlement Of their
salt ssaipst the Gypsy Oh company
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1920-08-11

saluniAia State Trade N0f@s
BETTER teeiinK ~ alik fhe ~Wfwa.
no doubt have uoi been tueaiag o.
each other lately.
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1920-08-11

rafpsta " tha iIsmeglc Aas wvra
FanaaiIp VI plalA siafh.
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1920-08-11
CLASSIFIED WANTS.

fOk SALE Cheap. one easy tngin
eleven room house near nigA
Aehool Two 8 room houses aud one
four room house Sec John Mafr a.
Crystal Barber shop
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1920-08-11

BUY A NEW HoMT-- Have sold an
other ot those fine hbunRalows !
am building on North Vine Let IA,
sell you one II will be one Of M
best blocks IN East Guthrie wn, b
built mp A. h. Armstrong. Phone a3e
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1920-08-11
PERSONAL
FOR SALE

BY the Mccoy Realty Company
some real bargains. A good y room
rlcdern home; sleeping porch: lots.
scod barn: other improvements
rrice s3.0ooeB. can be had on terms,
lncateI on the West Side. Inquire
st once regarding this.
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-05-22
Z-G HERE'S NO. IL.

tax sic nazywa Sigma ziofowa ner-
bata, przez ~przeszio million ludzi wy
pr6bowana i uznana jake niezro"-
lane W skutkach lekarstwo ola mez-
czyz. kobet i dzieci, we wszyslkich
dolegEwosciach zohqdka, kiszek' wa
troby. z6lci i krwi i we wszystiach
innych chorobach. Rie pisz mic, tyik"
wl6z do koperty to- ogioszenie, take
money order ma s1.2O, podaj sWoj a.
dres, odwrotna poczta otrzymasz 10
zadziwiajace ~lekarstwo, z opisem y"
15-tu jezykach. Nasz adres: no
HERE'S CO., 1855 Milwaukee Ave.
Chicago, Ill.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21

Tho lu'crlraruN series was given
tNuroucu tr;al this year and X - mol
nrrhanl,, many teams viii attempt tnr
Experiment "u i ,arf" seal" again.
warmed uly.uE IN" winter 'ra' SUCH eN-
I,h,,iur Tours wrr" had IRA, tie" 49, 4
general ruiz. beneficial! /" the n@''r rit
syai,s, r,,i pitchers. hut hal Tor tn"
c"@rraN condition OF players. rh" t""ms
that tried the l,IuE out "Ni"nslN"iE ar"
certain now iha; such training - 4
In!s,aLc even II /, docs h"lp iHc At
iarklnH cover ~ tn" ''uhs ThrE
claim il ia lmposs:h'o {" e., The teams
into proper rnHdllI"us I'm such games.
Nrt "p,ayiuE int" comdlt-'n" IS I44y-
Ori,,. system with som" labs. As inT
a. result 60. neither !"ngu" has much
ia boast Of. tn National won 'h" ma,
inr.iy Of intrrlraEur game. tn" iinAI
Iruu, being = 10 A.. NTuuklyn tT"nno-
cd the Yunks lhuroUEhly and Ia" Giants .,..,,,
trruncrd lhr Red SoX. IN" browns
uckrd tn" Cards. hut neither league
showed any marked superiority. In
fact such games between unromdiNoned
teams are poor Indicators OF IN"
strength Of clubs.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
The Passing Of staInngs.

George S;allinES has announced Ms
retirement from managerial work at
the end IF the present season. IN"
Miracle Man" Of few years nE" has
lost mos, OF the leaves from tn" iaur'!
crown, aud some Of tho critics. VIII"
forget that au leo pick Is necessary -
cut much tee. are declaring him Il poor
manager.
Yet StaliuEs IS one Of IN" greatest
generals baseball ever produced, ana
one Of the deepest students or lu"
game. He may have all the faults TT
,rbutcd to hlu by the critics, but. as
one or his oldest enemies, | want 4"
TESTIFY hat skull practice on the Roa-
tom Braves team under S'allinRS -
liberal education in baseball.
The year tn" Braves WON ia" World :
Championship the team looked rather
weak Tha, spring l had t. visit All
the teams IN spring training ana reach
cd tho Braves training camp WIN IN"
idea that the team was second dlv'-
SION outfit. In fact. Il dop"d only
rIr,h, and only that high hrrausr Of
pitching power. and goo! second
short combination. After thr"" days IA
thnt camp. seeing and hearing StalInEs
work with hts men, ! sent out tcl"Era-
phic corrections Of the dope, predicting
tho Braves would finish fret or second,
Why" Merely because Sta.lingS hnd
that team working. talking and playing
baseball and the team work was tho
finest had seen IN years. "SkuI!
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
ARCH GREER WANTS
TO MEET WORLDS
ROLLER CHAMPION
Local Roller Skater Took state Title
Away From Hernstta During
1917 Meet.

Ar"h Greer, popular sal9s clerk at
no Fort Henry Smoke House. who now
holds tn" stat" championship Tor roller
skating has announced that he viii en-
tor into Il race with the worlds cham
p.Ou AZ any time or place.
,iro,r lays his claim on the base OF
the fact that he IS the only undetcated
roller skating champion on the rink to-
lay. He won the state title from Her
Meta IN 1917. who was then holder OF
H. Thr former state champion did not
seem thoroughly satisfied with the In
itIal outcUiue and Greer made II plain
to him when he gay" Heruetta two
more trails to defeat him but the for
rcr holder ngyCr succeeded.
During the year of 1919 tn" worlds
host skaters met NJ Detroit 10 decide
upnm tho holder Of the worlds title In
when Greer was supposed to partiCt-
pate hut due 70 S.rlouS Illness and II
bad ,asc Of tia ne was forced 10 call of
,t. trip.
In that meet the present worlds tile
holder Vas eliminated IN the first round
but was given another chance and then
Uy Lightning sp:ed A9 copied the hon
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21

aged by thr kNuckdown. Tor h" cam"
back and pounded away at BcnNcits
body and completed his work with i
left swing 70 m!d-riN and Johnny col
laps"d 10 IN" mat for the count Of slN.
HoUorS IN tho fourth wcr, even. Ru'
Philips came back strong IN The Ht;n
and took the round haudilv.
As they cam" out 10y tn. sixth an
Hual round both refused ,u shake hands.
Phillips looked the freshNr ~ tho Two
and seemed 20 De in great shape. B.r~
nett however cam. out looking tired
bur with a determination 10 battle.
Tn this round ReUN"t LANDED sul'dlE
10 Phillips solar picks without re-
turn. Tommy m s~rd many wicked
swings and they finally came through
with TWO solid ones ~ The stomach.
Johnny however couuterGd W.ii and
took the round and light ~ slight
o.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
ROOKIE : HIT
WON IN 18th

RH0OKI.NN. y. Y, Ayr. 2"..-WaI-
lac" Hood. "rook:'" cu,c!c,d,". from
Moose Jaw. in the Western canada
League. won an eleven inning ha'j.'
toy Brooklyn from liostun to-day icy
tn H. Hood cam. up w,tE EIj"t, uu
second and two ~, and drove a !uuE
IN" Dagger t" lett. sending actress TIA"
uuly Run Of III" game.
IL the flfth inning DUE"y. WEu WAS
coaching at third. mad" Remark
which angcrcd Myers. When the
Brooklyn players cam" IN ~ bat Myers
rushed u; the Bu>l"u coach Huh struck
ham ON TIA, nose. the players oin''!,h
and after they were separated - 1'Hn-
mates, both were ordered eli 'ur Hr.d.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
rHREE.HouR STRUGGLE.

CLEVELAND. O.. April 20.-Cleve-
land defeated Detroit IL to 10 today in
n game that lasted more than hours.
Each team used five pitchers, who
probably becaus. Of the cold weather
neither have control nor effectiveness.
There were - passes issued, Detroit
scoring i've runs in the eighth inning
on six bases on balls and only one hit.
Detroit had the bases filled in the ninth
when THE replaced Morton and pitch
ed TO one batter Yuong. who grounded
to Wambsganss and was thrown out.
Detroit 49,. iOa oO2 o5O-1o 3 2
Cleveland -. $40 0l0 40x-11 IS. 2
Ayers. Okrie. CHASER Cox. Alien and
Alnsmith: Thlc. Morton, Faeth. Myers,
Caldwell and O'NSill.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
BArT1Ep HARD BUT LOST.

PHILADELPHIA. Pa. April 20
ph!lairlphia hit Zachry hard in the
closing innings, but could not approx!-
Inale Washingtnn's carly lead, the WIS.,
TORS winning S 10 6. Two home runs
hy c. Walker. one By Dugan and doubles
by Hiun.y, Strunk and Burns Melted
lie local tallics. Martin was located
for six hits IN the second and third, in
Guiding O'Ecn's homerun. Burns re-
turned TO PhiladelphiH's lineup rs
pinch hitter after long absence and
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
RED SOX WIN
IN 9TH RALLY

BOSTON. April 20.-Boston won its
frth straight game today, getting two
runs III the ninth of Shawkcy, defeating
New YORK = t. >. Foster walked IN
ninth. Scott sacrificed, EIbcl hlt for
Walters and singled scoring roster.
After p.rch-hi;ter Karr famed. Hoop
e. singled. NcNa!ly walked and Men,
osky's single 10 right center scored
the winning run. Prnnock held New
York To three hits. Score:
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
"SPTT-BALL" HEAVERS
ARE NOT ALLOWED AT
WEST VA. UNIVERSITY
Special To The Intelligencer:


MORGANTOWN. April 2o:-1n all
home games and SO far as the Noun.
tain:cr authorities have the say
when on the road. the "spitball ana
other freak deliveries at baseball will
be barred.
In one Of the opening games here
when Pop Shriver who has. pitched
for Providence in the International
league and more recently for Saginaw
in the Michigan league. was slotted TO
hurl for the Tairmont Collegtans. he
started moistsuin6 the ball with the
result that umpire Johnston walked out
"a tho mound and cautioned him firmly
and finally that the rules adopted by
the major league clubs. though not
specifically applying TO College games,
were b:ing enforced here and that the
moist delivery was taboo. Thereafter
pop" dcststed. but later in the game
did start discoloring new ball and
again Johnston cautioned him that this
pract!ce was barred. Johnston made
due allowanc: in the opening games
for unfamiliarity with the rules and
did not pcnalize Shriver. but no doubt
the specified penalty viii he applied in
the case Of the next infraction.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
CHILLED BY roc.

CHICAGO. April 20.-A heavy fog
which sctled over Comiskey park today
caused the calling Of the Detroit and
Chicago game in the last half OF the
third irn!nG. Chicago was leading to
and had the bases filled in its half or
the third inning with none out and
Jackson up when Umpire Owens called
time. 1t was impossible to see tho
outfl"lders from home plate at the time
the game was called.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21

INTELLIGENCER DECISIONS.
YOUNG Joe Cans handed Leo
Johnson 4 miserable defeat.
Iohany KID" Bennett had
shade o. the argument win
Johnny Phillips.
Young Roberts earned a cEa"
with Jacky FTOmme.
Jack Daily defeated Rough
house" Wright.
Young WITT wen on points
from Bernie Ne"s.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
VERSUS
NARNOOD TO-DAY
First Scholastic Game Of the Season to
Be Played at Bridge Park This
Afternoon.

Baseball fans will have their first
opportunity Of witnessing scholastic
game this season. when linsly lnsii-
tut" lines w for a game with the repre-
S,nIatlyrs Cr Wnrwood high at Bridge
park Game to be called at o'clock.
The teams wcr" kept from praciiring
yesterday due to the Indictment weather.
hu The workout OF the day before WAS
rnruura Eing t. tho coaches. and both
teams are expected 10 pa; up hard
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21

ors. Although no did win no was beat,
en- and every other man that entered
was beaten including all state cham
plons with the exception or Greer VINO
did not enter.
Tho present state champion Inns been
IN moor health for a long term and Inns
now expressed his Willingness to give
up the state title whether no wins or
loses 10 IN" worlds champion X his
challenge is accepted.
Greer further claims that the present
worlds champion has no right what
aver Ia claim the title az no vas never
given a chance to cop II due 70 Beri-
GUS illness .tAat Kept A;m aHaSi. Saaxssa
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21

hit The first ball pitched against tho
center ii:ld fence. Score:
Washington ...O23 DOL zoos 10
PHILADELPHIA 900 100 1913 IA 4
Ia "hry and Garrety; Martin. Hasty'
KinrIy and Perkins.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21

Stolen bascs-Muscl. Hendryx. Nally
Sacr!ncc-Lcwis, McInn!s. Scott.
Left on bases-New YORK o. boston
Base on balls-Or shawkcy 5; of
PcnnoCk 4.
Struck out by--Shawkey 3; by Pen
mock. !.
WiId ritHhcs-Shawkoy J.
I'mrirrs-,'onn.lIy and Noriarity.
'Tirc--Tvo hours, tw-nty-thrce
minutes.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21

S.a,N-E So- zen eutl:s rounds and 70"
fus,nE - open UP ard fight. Leo John
con was unable to carry away honors
IN any round Of his ten round setta
WEN Young Doe Cans. a. the Market
Auditorium LAST r.Eh'. Cans had the
hes. os eight rounds. with tho third and
SIKH even.
Cans Vas ;he aEEressor throughout
body Of h.s opponent without return.
Johnson whenever gwen II" o0Noctu-
MY. Went into a ~l.csN AID held on
III Referee R.:S p-y"d HIM .lOsc.
THE REAL F-IHT.
The real honest-.o-E ouI-ess scrap Of
the cyor!HS was the Se,u.-f.nai e|"nt
when Johnny "N.4' B-G-~tt, u t3;tS-
burEh. and Tommy Phillips. 4 this
city, crawied through -" ropes IN an
effort 70 set Their Cd sCudse n SIX
Il The frs: gone both Ials rushed
from the Co-ns-S and landed su.dIr and
then stood toe 20 toe and swat'"d for
fUliy a !riuUt" - each others body. No
science VAS used. but the entire fight
was or the s,aU-bluE order.
The Kid used his l"tt MT, :" good
advantage IN the frs, 'hrc" rounds and
carried away all horrors IL the fourth
Phillips rushed oUt 81 his corner snort
ing. bur Bennett mot MS onslaught;
SCuare!y with IL" result, that Tommy
hit tho mat for thr count ~ six. when
his Jaw got In the Way Of a right up
prrcut
Phillips was rot IN the least d!scour-
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
Yestartlay'R GamoS,

Cleveland. II: Detroit u.
Washington. 3. Philadelphia. :.
Boston, 3. New YORK :.
St. Luuis-GhtcasO: rain
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
To-day's Games.

St. Louis at Chicago.
Detroit at Cleveland.
Washington at Philadelphia.
New York at Boston.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
FIGHT FANS TREATED To GREAT
SUGGEST At THE AUDITORIUM

Young Joe Cans Handed Leo Johnson Miserable Defeat In
Ten Rounds Taking Eight Rounds With the Other Two
Even" Tommy Phillips and Johnny Kid Bennett
Went Great Guns For Six Entire Rounds, Each Scoring
aKnockdown
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
HOW THEY STAND
NATIONAL LEAGUE
YAatardav'a Garne9

Philadelphia. 3. New York. d.
S.. Louis. 10. CN!Cag". r.
Brooklyn. !: Boston. o.
Observation-Disclosures, ram.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
Tho oidl ReGables.
Tho possible Come Backs.

NAYS. Perry. Waite" Juhu~rn. Ctrn''"
Shrrlinr. Ehrlkr. CovclcsN.'. Ii7"n"S
Rudolph. N.Nry. PfcfIrr Alexander
.IlI,r ShrrJell tuplrr.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21

MY friend from Kalamazoo says that
bo has lost his faith in men so he has
taken TO playing games. He says
Chessmen are always above board, and
checkers are generally found to DO on
the square.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21

Tho BolsheyikI in America numhcr
among their plans IN" d"strucU"n or an
falls They must hurry unless they eN-
prct 10 work from the lns!de.-Iopckh
state Journal.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21

shore. Bush Srrhuld, Fah"r. Love-
Rohrl,ng. Nrhf. l!carnr, '"usry, Ma
nnUN. Tyler. SchUpp. Hamilton.
Tho Possible Now Stars.
collins. Zachary, Wllh.n~"M N"lNHNS.
WINTERS, MOZART. Hansen. See, Si"ing-
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
G., W. GRIEG

Clothing Shop Furnishing SHOP
lo5a-s4 Main Sc. l22s Market St.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
RoSton.

y-Rattcd for Walters in ninth.
zz-Rattcd FOR PennOck in ninth.
zzz-Ran for Eibsl in ninth.
New York .......... OlO 200 uVl--
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21
To-day's Games.
AMERICAN LEAGUE

Pittsburgh At CnCjnnat.
Boston at BrOuklyu.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21

Buy WAR SAVINGS STAMPS
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-21

Tonight-Wtzard W. Hasbecrs.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1920-05-25
les GRADUAL
|||||E|'FLATI0N is
sAvlNc FACTOR


II Gradual deflation will bring the
United States to sound business
basis from the present "joyriding
high prices"
Il This WAS forecast by George
Woodruff when he addressed a
group OF tri-city business men at
the Moline Ad club dinner at the
Moline Commercial club last even
ing. Mr.. Woodruff. president of the
First National bank Of Joliet and
former president Of the Illinois
State Bankers association, recog-
nized as an authority on banking
business as we'll as keen student
. Of economic conditions. spoke on
the subject of 1.-THE Rise and Fall
OF Prices"
Mr.. Woodruff did not give posi-
tive assurances that the deflation
will be gradual but he expressed
confidence in the steps which are
being taken by the federal reserve
bank and member banks through
out the country to bring about de-
hation through this slow but GER
tain process.
Can Always Get Money.
Furthermore, Mr.. Woodruff gave
assurances that there can be nc
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1920-05-25

Lowden or Wood. Overtures to
Mr.. johnson will unquestionably
be made so as to retain If possible
his support. The big question is
whether Johnson's followers will
be satisfied with a formal recon-
Citation that eliminates Johnson.
The talk of Johnson for vice pres
ident persists and while nobody
knows whether he would take It
or not, some of the senators who
have been closest to him in recent
months say that the only man
johnson would run with would be
Senator Knox of Pennsylvania, who
is being backed by Senator PEN
rose. The selection of Knox would
mean to some extent a recognition
of the Johnson view on the peace
treaty for both are members OF the
so-called ''irreconciliable" group
which has fought the treaty and
reservations from the start.
See in 10 Days.
The next 10 days will disclose the
Johnson strategy. His friends. men
like William Randolph Hearst, are
absolutely sure the Republican con-
vention is going to be won over
to him. They therefore counsel
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1920-05-25

II they pay . tax upon the amounts.
Supposing they deplete their re-
serve ~ far as they can and con-
tinue to loan out this gold-why
then We will wind up like Russia
Russia did the same. They ran the
rubles Oh the press as fast as they
could keep the wheels turning and
today it is not unusual for family
there to have bale Of paper rubles
and not enough to get q loaf of
bread. Oh, no. we can't take this
first course. We can't let things go
on as they are.
III this imitation keeps up, fed
eral reserve notes will become
stage money. 1t will end US in
chaos AMI bankruptcy. Surely We
cannot travel that path.
Two Ways to Debate.
There are two other courses of
defa;ion. Ono is rapidly debating
and the other is gradually debating.
Let us consider the qui'k stop.
1t is possible. Some men, even
some bankers, are advocating this
method. II we have the quick de-
flation, DO not mean that We are
going to have another old-fashion-
ed panic. The former panics in
this country were brought about by
a scarcity OF credit and a scarcity
Of money. At this stage of the
game there is a great scarcity Of
credit but there is no scarcity Of
monsy. We will not have scarcity
of bo.h and therefore the mass Of
peopla vii. not be affected. A MAJ
may go into his bank ana get $1,000
that be has on deposit there with
no trouble but he might not be
! able 20 go in and get $1,000 on loan.
Under this cou So Of rapid denation,
1t wo:.'d be possible TIA; many big
bus:less concerns would he hard
hit. They might need continual
ton d credit which their banks
would lave 20 refuse AMI it might
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1920-05-25
THE ROCK ISLAND ARGUS NAY IS 1920

70 hsrd Nth some Of them. Yet
there wo.ij BE- no 0M-fashion.d
panic with crowds stor.ning the
banks &c draw their money OUT
RIding On Inventories.
but there ID the other way Of
gradual denation. the ideal way
with maybe few failures. Fail
ures are healthy sometimes because
they make 1t possible to deter;n ne
who ID safe in business. Some Ut
the fellows who in ordinary times
would 20 under, are now riding
along on their inventories as prices
rise from time to time. These fell
lows haven't a chance. in times Of
stable prices for the banker nows
that when he lends his m, y I he
is lending it out to safe GLOW.
The business that is skimping along
goes under and those that remain
are safe. In this course Of grad
ual deflation, the demand for credit
will be less. and people who have
borrowed from the banks will pay
off their notes. The banks in turn
will liquidate their loans from the
federal reserve banks, and they in
turn will cancel these notes and
their gold reserve will increase un-
til gradually we will be back to a
point of healthy expansion again.
Must Compete With Europe.
Some day we want to have
things down to a point where we
can compete with European prices.
We are going to get plenty of COM
petition from Europe and don't you
forget it. Europe will cut prices
because she will have to. 1t may
not come very soon but it is coming
and when it comes we want to be
ready for it.
Now the federal reserve banks
and the banks throughout the
country are trying to bring about
defation. They have already start
ed in this course although We can
as yet see no deflation. They have
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1920-05-25

Punch Furniture Polish for clean
ing and po,,::c. ing all vanished
surfaces. Regular Csc bottle re-
duced to 10c, less 20 per cent o.
making it only "
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1920-05-25

marked mp rediscount rates and
hay& gone 20 Tar as to refuse loans.
We can now see real tendencies
towards denation.
There is Just one word l want
to leave with you. Spend less and
produce more You can be careful
but you still can go forward with
firm footing"
In launching into the subject.
Mr. Woodruff carefully built up the
story OF how the war brought about
the imitation. taking great care to
illustrate fully each condition
which produced new step towards
flooding the country with gold. A
great economist, he said, declared
that the following steps precede
every business reaction:
Increased wages.
Imitation.
Few failures.
Real estate boom.
Extravaganza.
Speculation @
New business starting up.
Low bank reserve.
Strikes.
Over production.
The smashup.
I'VE have experienced all but
those OF over production and OF
course the smashup," MIR. Woodruff
said.