davidaulloa/AmericanStories huggingface dataset:
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-10-30

wiec siedmiomilowymi krokami usi-
luje uciec W kierunku p6lnocno-
wschDdnim. Opasly Aga-hej, szef kon
nej dywizyi tatarskiej, zaciekle topi
W bachmacich bokach nerwowo drga
jace ostrogi, zdecydowany, jak sly
chat, ma przekroczenie W ostateczno-
sci granicy niemieckiej, gdzie even
tualnie bedzie podobno r~ozbrojony.
Oficerowie carscy, sluzacy dis ro-
syjskiemu Marksowi, a wzieci do ME
wolf pod Siedlcami, nazywaja wypra-
we ma stoleczny gr6d nadwislanski'
,.domkiem z kart. ,Wojska sowie-
ckie' dzia{aly calkiem be- bazy' -
mowia rozgoryczeni. Mic ME pomogli
| dobrze platni pretoryanie krasne'
go porzadku rzeczy. Chihczycy, wzie-
ci pod Warszawa. Trzecia dywizya lie
gionowa pc walce 2 si6Gma dywizya
sowiecka. posikowana przez maryna
rzy. weszla do BrzeScia LiteWskiego
luz we czwartek O godz. 22e1- (loe1
wieczorem). a teraS niezmordowany
zoHnierz po!ski. upojony Swietnemi
przew agami. idzie ME ~odparcle ma
B~ialystok. Czekaja go ~jeszcze ciez-
kie pr6by, ale niesie go marsowy po-
ryw / to rozkoszne przeSw!adczenie'
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-10-30
Bacznose .Chicago,ln

,,DZIENNIK CHICAGOSKI' -
MONA nabywaC " nastepujacych
miciscach w So. Chicago / W okOlicy.
Przy naroiniku 92ej j CONNER
cial ave.
O1ej i Commercial ave.
. SSmej i Commercial aye.
S7mcj i Commercial ave.
z9tei i Stony Island ave.
84tej i Commercial v
02cj Baltimore ave.
0Oei / Commercial e
1928 Commercial ave-, 5000 Burn-
ham ul., 1852 Escanaba ave. S227
Coles ave. 1886 Baker ave-, $500
Burnley ul., 1904 Burnley ILL.,, 5000
Burley vi.
79tej / /. c. kolei.
s3ci I So. Shore Drive
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-10-30

many rozbitkowie bolszewiccy {acza
sic W wieksze grupy, razem szukajac
schronienia po lasach / zagajnikach.
Po~ddawaliby sic chetnie, gdyby ME
grozna postawa chlopow. kt6rzy tur-
buja rozpier1chlych najezdzo6w. Jeh-
cy powiadaja, te tax wrogo usposo-
bionej ludnoSci ME spotykali nj
gdzie. Niekt6rzy gospodarze poda--
zyli az "a Bug odbieraG zrabowane
i'm konie.
Moskale do tego stopnia byli pew
nj opanoWania Warszawy, re ME
istnfaay W tch navel z~arzadzenia O.
stroanosci ma wypadek odwrotu. Ba-
dany przez sztabowych oficer6w do
w6dca jednej z armil komun!stycz--
nych, z~eznal, ze W ostatn;ej chwil:
odebrai nastepujacy telefon Cd ee-
neraia:
Czort z~naiet! palaki a%takujut.
Cofaj sic, jak umiesz. Niczewo ME
pooimaju!
Rosyjska armia p6lnocna. ia ope'
ruJaca W rei9nie Navy, r6wnie2
dlugi czas ME wieIe pojmowala die
XII temu, ae nasze wotska zni5czyNy
lei stacye neutrality-suspicious.. 0bec-
ME spostrzegla sic, re Jest o~taczana,
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-10-30

Kazanie wyglosil X. Ignacy Renklew.
ski, z parafii sw. Michala Arch, W
South Chicago. Wieczorem nieszpory
solenne celebroWai X. Rajmund .Ap-
pelt, proboszcz z Irving Parku, " d
syscie X. StSnislawa Derengowskiego
i x. Alojzego Szczerkowskiego. Slowo
Boze wypowiedzial Y. Wincenty No~!-
cki, q Kazimierzowa. W drugi d1ien
Msze sw, odprawiaAe byiy CO pol 60
dziny cd piatej do 6smej rano, podczas
ktorych wierni p~rzystepowali do Stofl
Pahskiego. Sumo odprawii X. Kazi-
mierz Pijanowski q kazanie wyglosil
X. Piotr witma6ski z J6Zafatowa.
Wieczorem nieszpory celebrowai x.
Stanislaw Cholewi6ski, proboszcz z 10
zefowa, W asyScie X. Jana StoinskiegQ
i X. Stanisiawa Czapelskiego. Kazanie
mial X. Szczepan Bubacz. W dniu o.
statnim, ma rychlych Mszach Sw, wier
nj p~rzystepowali do Komunil sw- o
godzinie 10tej sumo cele6rowal X. An
toni Gawrych, W ,asystencyi X. Jana
Stoihskiego i Y. wincentego Nowako-
wskiego. KaZanie mial Y. Szczepan
Kowalski. Wieczorem nieszpory cele-
browal X. Kazimierz Gronkowski, pro-
boSzcz z Wojciechowa, W a~syStencyi
Y. Leona Sychowskiego / X. B~olesiawa
Kasprzyckiego. Slowo Boze ma zakon-
genie wygsosil Y. Edward Kowalew-
ski, proboSzcz parafii sw. Maryi Mag
daleny W South Chicago. Ma zako1cze
ME odbyfa sic procesys z NajSw. Sa-
kramentem. Siostrom Nauczycielkom re
zgromadzenia Si6str Felicyanek, kt0re
ME ~szczedzily nj piracy nj trudp, nalezy
sic ~wdziecznosc i uznanie "a ich pra-
ce / poswiecenie, albowem Cd switu
do p6lnocy krzatafy sic W kosciele koio
~oitarza, azebS Iron Pahski ~przyozdobiG
jak najwspanialej. Dodac nale2y, re
Choir parafialny sw. Cecylii dobrze sic
spisal pod wzgledem Spiewu ma mic
szporowych nabozehstwach pod dyrek
eva p. Ludwika Niespodzianego, miej-
scowego organisty, "a CO nalezy sic mu
~uznanie. Opr6cz powyzej wymienio--
nych udzial " trzydniowem naboze6-
stwie brazil nastepujacy kaplani: X.
KonSultor Ludwik GrudZtGSki, Y. Fran
ciszek Wojtalewicz, X. Franciszek O.
Strowski, Y. Bronislaw CZajkowski, y.
Jak6b Strzycki, Y. FranciSzek GrzeS,
X. Henryk Jagodzi6ski, X. Antoni Hal
gas, X. Stanisisw Koralewskl, Y. Fran
ciSzek Marcinek, X. Stanisiaw DOber-
stein, Y. Stanislaw Radniecki, Y. IA
roll Marcinkiewicz, Y. Maksymilian
Warkocki, X. Wladyslaw RzGska, Y.
J6zef MSzanowski, Y. J6zef K~arabasz.
X. Jak0b Szprenga. Y. F~ranciszek Tyr
cha, X. wiadyslalw Balcer, X. Szcze-
pan Szczepahski, Y. Jan Peterson, v.
J6zef Z~ieleziGsSi, Y. TadeuSz Nowak.
Y. StaniSlaw Chyla, y. Jan Gremho-
wicz, Y. Jan Mecikowski, Y. Leon
Hinc, Y. Leon zuchola, X. Juliusz
GrzeziGski. Y. Felix's Kachnowski, oraz
~miejscowi: X. Franciszek Karabasz,
proboszcz, X. Antoni Gawrych, Y. Ka-
zimierz Pijanowski / x. AntonI Wi
SniewSki.
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-10-30
Czterdziesto = Godzinne
Nabozenstwo ma Ser
cOWie.

W 1nierly wtorek, Srode / cZwarteS,
parafii NajSw. Serca Pana JezuSH'
IA Town of Lake, gdzie proboSzczem
lost Y. F~ranciszek KarabaSz, odbyfo
sic doroczne neutrality-suspicious. ma
bozenstwo. Pogoda podczas tejze uro
czystoSci ME ~sprzyjaia, lecz mimo desI
czu. zimna a nawet trOche Sniegu, Ser
cowianie przez wszyStkie try dnl Z
rzedn garneli sic do stop oitarza, A.
zcby uczcic. pomodlic sic i oddac hot
EosLiemu Zbawicielowi Utajonemu "
Naisw. Sakramencie. Taxa gorliwo-
acia udowodnili ~Sercowianie, IL posiA-
daia silna wiare i nadzieje W Opa-
trzno$ci WszechmOcy Zbawiclela na-
.zeso. Bo kiedy slyszymy W obeenyca
-zasach. nawo}ywania re stron socy-
glist6w, hadaczy Pfsma Sw. i innych
innowiere6w, przyiaczcie sic do mas a
hedzie sic wan lepiej powodziio, ro'
zrsnuie nasz lud, il haSla podobrycn
srzykaczy 50 falszywe j zwOdzace, zs
icdynie w Bogu moiemy 'znalezt po-
rieche i ulge W smutkach i utraple-
mach. To tez kazdy spieSzyi do Swia-
tyni PaGskiej. posiuszny ma wezwanie
Pana Jezusa. .,P6jdzcie do mnie wszy-
scy, kt0rzy pracujecie i ~obciQzeni je-
steScie, a ia was ~ochlodze''. Nabozea-
stwo r~ozpoczelo sic ~urOczystq Suma q
sodzinie 1Otej rano, we wtOrek, dnia
28-go b. m. C~elebrowa} X. Antoni Wi
9niewski, W aSyScie ". AntOnleso Ca
vrycha i y. Kazimierza Pijanowskicgo.
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-10-30
Bacmose Kantowo!

Jutro, W niedziele, d. 81 pa1dzier-
uika, o&bedzie sic ma Kantowte' o
godzinie 4 popofudniu wiec znane1 l
p~ozytecznej OrganiEacyi ,,Ro5wot' >
ma kt6rym wygIost move Dr.. Karoi
Wachtel, Naczelny Redaktor ,,Dzfen-
nika Chicagoskiego". Vice ten poWi-
MEN sciagnat iak najliczniejs7e hu-
my naszei p~ublicznoSci. ktora int
resuJe sic sprawl rOzwoiu i od5ydze-
MIA polskiego handlu i przemysfu "
mvSl hasa powytszej organizacyf;
..PRzEaTYsL PRZYsZLoSCA POL
ski.
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-10-30

re "a MIN stol caly nar6d, tax samo
jak on, c~zujacy, takiego samego' 1ak
on, pelen zapalu / zoinierz polski
vie. vie kazdym fibrem duszey, re
W tel iednosci calego n9rodu jest
niezwyciezony!
w. GrubinSki.
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-10-30
Miejsce Postoju.

Ma ~plebanie Kaluszynie, gds
nasDe woiska o%dchodziIy bez kon--
taktu z nieprzyiacielem, W pamiet-
no ola ksiedza proboszcza Rymarkie-
wicza $rode rano. wpadl bosonc3l
bolszewik. woIajsc: Dawajcie konie!
potrzebpje wozu! JeSt!
Gdzie sic da}o. zabierali bolszewi-
cy konie. chlopskie / wozy. poniewaz
konie bolszewickie. w~yciehczone ia
leka podroaa, padaiy setkami, a wo
zy rozwydrzona banda Trockiego, "a
by mieG ma CO ladowaG skarby war
szawskie. Jechano do stolicy pol
skiej po krolewskie lupy. Kupcy wal
szawscy byliby W ciagu jednego dnia
zostaIi bez towaru, gdybt bohaterski
ioinierz polski swoja lwia persia
ME odepchnal c~zerwonych hunnow
pod Radzyminem tydzieh temu.
Niechte o tym pamietaja kupcy wal
szawscy! Mech tworZa blyskawicz--
ME czol6wki 2 bieltzna, papierosami,
czekolada, chlebem 1 dziennikami.
Nasi loinierze robili W ostatrich
marszach po piecdziesist kiIometr6w
dziennie, | to sr6d bojow. a PREY
spiewujac sobie miedzy ataki,m l
kontratakiem:
Armat many wprost be- liku!
To ma ciebie, bolszewiku,
Moskalu sobaczy!
StrategicznieSmy odeszli,
Teraz bijem, cheese, ME chcesz-li,
Lloyd George MECH ~zobaczy!
Komeudanta racya cora!
Madrze zlaczyi sic z Petlura.
W obronie Poiak6w!
Kasiu. Dziadek nasz kochany,
DOLBY, re przylGz do rany!
RycerZ polskich znak6w!
Spiewaia nietylko zolnierze. sple-
waja metalicznie | nasze MOVIE aero
plany = briStole. PorucZnik Dymsza
z eskadry lotniczej, pozostatacei pod
dzielnym> dowodztwem puikownika
Kirsza. poinformowal mas. re W cha
gu trzech dni jego eskadra dokonaia
stu piecdziesleciu wzlot6w l rzucila
ma nieprzyjaciela try tysiace siedem-
set kilogram6w bomb. Aeroplany o.
p~uszczaja sic, poui1ej dwustu metrow
wysoko&ci 1 biora udzia} W atakach
piechoty.
Lecz wr6&my do Kaluszyna.
Wojujacy komunisci ustanowili III
niezwfocznie czerezwyczaike. z miej-
scowych eiement6w wszedi do niej
ogrodnik, Plywaczewski, Kowalczyk
I Polemberski. Aresztowano cz&on-
k6w komitetu obywatelskiego. pro-
boszcza, burmistrza Lubowidzkiego,
Feygebauma. Pieknawiesia i Czerni-
ckiego.
Jeden Z bols2ewik6w oswiadczyi
probsSzczowi: Jutro bedzlemy snia-
dali W Europejskim hotelu W War
szawie. Bardzo nam sic tutaj pcdo-
ba. Jak tn tanio, ia "a swoje bury
zaplaciiem W Moskwie sto tysiecy
rubli, ale juz So zdarte. Zreszta,
~wszystko, co ma sobie many to naby-
te W Polsce. Bogaty wy kraj! Szcze-
sliwy! Wan tylko brak sowietow!
Ale Dbrojny ~wyslannik Lenina ME
zda5y} ma sniadanie do Europejskte-
go hotelu, gdyz gwa}towne u~derzenie
naszych wojsk robbie 4 dywizye
wojsk rosyjskleh / dzisiaj tyrelier-
XII polskie dobiegiy juz zwyciesk!m
szlakem do .Bugu.. WzieliSmy 10000
jehcow, wzieliSmy nieskohczona
Hose tabor6w, Kazdas godzina przy-
nosi move zdobycze W Iudziach ma
teryale woiennym. odziani W ZACH
~
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-10-30
Kronlka MisjsCoXa,
Dnkonczerie ~ ST.. lei

~ SIV. ICY
PREY State ul., wyjda prawdoPo-
dobnie ma strajk w nastepny po-
niedzialek, jezeli jutro ME dol
die do zadnego kompromisu po-
miedzy mimi a pracodawcami.
Kontrakt placy, zawarty pomie--
dry unia Chicago Truck Dri--
vers" a organizacyq kupc6w The
Merchants Carriage Club koh7
czy sic z dniem 1go listopada'
Woznice domagaja sic obecnie
$1,000 podwyzki. Plaza ich obec-
ME waha sic pomiedzy 500 a $32
tygodniowo. Pracodawcy opieraJa
sic stanowczo udzieleniu tax wy
sokiej podwyzki i prawdopodob-
ME strajk bedzie nieunTkniony.
Dotychczasowy kontrakt zawaT-
ty byi try lata temu / oplewaI
tylko ma $500 tygodniowej psa-
cy, lecz pracodawcy dobrowol-
nie p~odwyzszyli ia do kwoty wy
zej wspomnianej. Jutro wieczo-
rem odbsdzie sic ~ostateczne po-
siedzenie szoferow i woznicow,
ma ktorem zostanie zadecydowa-
ne, czy bedzic strajk, lub ME.
o TANSZE MLEKO.
Mleko spadso wczoraj W Genie
o jednego centa, tax ma kwarcic
lax rowniez i ma poi kwarcie
(pint). ale jak powiada R. J.
Poole, sekretarz miejskiego ko-
mitetu dia spraw drozyznianych,
znizka ia jest niedostateezns l ce-
Ia powinna spasc jeszcze 0 Jed
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-10-30
Prey stalownlach, PREY ulicach
SIszei, S5tei. sGtej. s8tcj I S9teJ.

Prey stalowniach, PREY ulicach
SIszei, s5tei. sGtej. s8tcj I S9teJ.
Ma Town Of IAH& mosna otrzymac
-pzIENNIK" " nnsteputacJch miet
scach:
UCHOWLAZ -
1917 s.. Lincoln ulicA.
JANKIEWICZ.
ITS ". 4S-ma utica
MELZYNSKI -
1714 W. 4S-ma mica
STREJSMAN -
1899 So. Loonis uilcA-
HONDS -
alma uIica | Escine ave-
LOPACINSN -
1859 Gross avn-
8. ITALIAN -
51-srej I Haisted.
B0CHNIAK -
1915 ". 43-eia ulica.
WOJTKOWSK -
45e4 50. Ashland ave.
BRzOzTOWsKI -
4So2 So. Throop III
KRETOWICZ -
1898 So. Throop I'll.
Ma uarotniku - 47mej i Ashland ave.
CZARNIK - 49ta / Ashlnad ave.
Na naraniku 51s7ei { Ashland va
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-10-30
Z POLITYKI.

Automobilsci polsey, prsgnacy
wziac udziai W dzisieJszem zebraniu
~wteczornem IA Stantslawowie | przy-
Ieciu CUB. Coxa, oraz powitaniu go I
parable dian - MECH sic Ebiora ma
ultcy ma polnoc cd Blackhawk, obok
apteh aid Piotrowskiego; saprasza
wszystkich alderman 16tej W Oh. s.
II. Kunz, kandydat IA kongrssmana
Z Sgo dystryktu. Panic 1 panny, kto-
re wystapia - dis wieczorem W
krakowskich kostyumaeh ma przyJe-
eiu CUB. Coxa ma Stanislawowte,
MECH sic Ebiora o godzinie Sci, W
salt bankowei. poczem zostans wpro
wadzone ma sale i otrzymaia miejsca
" pobltsu estrady. ,
Ola delegacyi polskich miejsca ma
salt wyEnaczaG bedzie Komitet Recep
cyjny, kt6ry spodZiewa sic przedsta-
wieieli dzielnic polskich 70 wssyst-.
kich stron miasta. Rsdzimy przyoE
wac w~cZesnie, DO cho& sala duza, lecz
mtejsc napewno zabraknie.
" pobliskiej polsktei dzielnies
wf6czy sic po ulicaoh Fry. Cornell,
Chicago ave. 1 W. walton takis
Saved, kt6ry most cos niby ,,gwia1de
urzedowa" I pokazufe ia kazdemu'
twierGzac, ze Jest iakimS ,,str61em' &,
a potem straszac to gwiazda. naka-
zu3e obywatelom ! obywatelkom'
ts musza na nieso ~glosowae. Polkl
powfnny p6tSc po rozum do sfoWy
4 gdy ten 3egomose Eacznie Wooec
kt6re1 Z Mich uprawiac swo1 szantaz,
MECH ME zapomna o tenn. re mtotta
przyda sic czasem ME tylko do "a
m~iatania.
Dziennik Chicagoski. [volume] (Chicago [Ill.]) 1890-1971, 1920-10-30

BezszewkOwe przeScieradla
wielkoSci 81X9O cali, robione
z grlbei sheetng, drugorze-
dine, dobrze sic piora, Ia mniej
ni1 kCszt fabryczny (tadnych
telefcnem albo c. o. D.. "a
m6wieh), sztuka
1.49
New-York tribune., 1920-01-09
BOndhOlders Protest
Default by Ecuador

Holders and representatives of holders
Of 81 SOC, 900 of the bonds of the Quay
aquil & Quito Railway of Ecuador
registered their protests yesterday
against the default in the payment of
the interest and sinking funds guaran-
teed by the government Of Ecuador, at
a meeting in the Offices of Knauth,
Nachod & Kuhne. In addition to the
latter firm, representatives of the
Guaranty Trust Company, the United
States Mortgage and Trust Company,
William A. Read & Co., Bernhard,
Echolle & Co. and the Investment
Bankers Association were present
The individual holdings we're repre-
eented by Erskine Hewitt, Peter Cooper
Hewitt, Charles H. Spencer Robert G,
Dale, Orton Dale, Olin, Clark & Phelps
and Dulith, Smith, Mcmillan G. Co.
II was resolved at the meeting to call
the attention of the Pan-American
Financial Conference to be held in
. Washington shortly to the need Of pro-
lection and "for the enforcement OF
rights supposed TO be secured under
government guarantees, as in the case
of these bonds" 1t was further re-
solved that the bondholders enlist the
aid Of their representatives in Con-
gress to secure protection for their in
terests.
The Guayaquil & Quito Railway,
consisting Of 300 mile line across the
Andes Mountains, was completed by an
American company in 1907. Defaults
on its first mortgage per cent bonds
now total about $4,000, 900.
New-York tribune., 1920-01-09
Commodities
Cotton


Reports from Washington that the
House Committee judiciary would take
up the Hudspeth bill. which would restrict
trading In cotton futures by prohibiting
sales OF contracts except in cases where
of the cotton at the time of sale. had an
unsettling effect in the cotton market yes
terday. When this bill was introduced In
Congress earlier In the week. 1t attracted
comparatively little comment. but yester-
day the market evidently more sem
sitive to unsettling features. and early
advances were followed by sharp reactions.
March contracts broke from 1888 to $3.50
and closed at $3.50 compared with 364s
on the previous day, with the general list
closing steady net points lower to ~
points higher.
Rumors that arrangements had been
made for large shipments of cotton to
period Of year were not confirmed.
but seemed to make a considerable i'm
preston the early market. There was
also buying on the strength Of Liverpool
higher. active months sold about 28 to 43
points above Wednesdays closing figures.
Liverpool was a good buyer and there was
some domestic trade demand, but the ad
liquidation became general during the
middle Of the day. Active months sold
Is to 80 points net lower in consequence
and several stop orders were uncovered,
Of better foreign demand for spots in the
South and the close showed recoveries of
20 30 points with Liverpool a good
buyer in the late trading.
absence of spot demand with fair offerings
exporters were said to be buying.
The local spot market was steady and
upland No sales were reported.
The range Of prices follows:
New-York tribune., 1920-01-09
Financial Items

subscriptions 70 the new 325, 900. 900 Ia
sue Of per cent convertible per cent
bonds cf tho Consolidated Gas Company,
payment for which is due On or before
January IA. are coming In in large volume.
u was learned yesterday that nurnbe
or ssockhoiders have already s!Knified
their willingness to take up the unsub-
Ecrioeh portion OF the issue, when the
subscription rights have expired.
Moore, Leonard Il Lynch and Robinson
k Co offering 36.099 shares Of W. r..
Titfotson Manufacturing Company. Inc.
cofnfnon stock AZ SIC "a share. Procesds Of
the Offering Will he used 10 retire All pre-
s~rred stock and for working capital made
uHcsssary BY expanding business.
Frso J Fisher. president OF the Fisher
<spdT OH" Company. announced yesterday
fhAf hts company mad purchased site for
ats faefofy In cisye,apd
Charles A. Pye hae been appointed Assist
e9t suesxenf OF The liverpool Office Of
the fsuafxDty Trust COMPANY of Sew York
H. ~. Byiiest1 H. "a. are offering tz, 900
500 first preferred per cent cunuiatf fys
einkinx furd convertible stock ard 5000
shares Dy common stock wifn1uf par value
~ sfT Oriental Navigation Company.
e5r4yspn 6~P. Bnryhy, who has retired
~ e<rllDf yfee ~prexldsnt Of the Guaranty
.frttW Company 10 &ecsDt the presidency OF
ms yFf%utiy Dfgsnfzed Foreign comfneree
sSSfDSTafj~n ~ America, was rendered a
Jsrswstf 1Jnpsr ~ the Hotsi Plaza last
Jitnt ~ Charles ~. Sabfn, head OF the
lnsstcafyon which Mr.. Murphy IL leaving.
TIE Hf6n<y Yss attended only by f9t
ssnior Ana junior effHeers Of ths bank.
New-York tribune., 1920-01-09
Credit Dehation
Will Be Gradual.
Harding Declares
Governor of Federal Re-
serve Board Tells Bankers
Transition to Peace Basis
Will Take Several Years

BOSTON, Jan. s.-w. P. G. Harding,
governor of the Federal Reserve Board,
in an address here to-day before the
Massachusetts Bankers Association at
the Copley Plaza Hotel, said that it
probably will take several years to
complete the transition of our banking
system from war to peace conditions,
and that in the meantime effective
control of credits and gradual liquida-
tion were to be sought.
"A few weeks ago." the head Of the
Reserve system pointed out, "the Sec
retary Of the Treasury advised the Fed
the Treasury had reached a stage
where they would not be imperiled by
resumption on the part Of the board Of
its statutory powers to regulate dis
count rates. Revisions were made i'm
mediately.
First consideration will be given (in
the future) to the industrial and COM
mercial requirements of the country,
and everything possible will be done to
restore the proper balance between the
volumeo f credit and the volume of
goods. The process will necessarily be
q gradual one, and can be completed
tions of bonds have been made, and the
remainder thoroughly absorbed by the
public. Our banking system is, there
fore, passing through q transition Pc
riod. Owing to the necessity in the
meanwhile of aiding in the financing
Of Europe, 1t is probable that several
years will elapse before an ideal rela-
tionship between goods and credit can
be established and normal conditions
restored. During this transition pc
riod there should be an effective con-
troll Of credits, gradual liquidation and
only such temporary expansion as may
be necessary to meet seasonable re-
quirements and emergencies"
Mr.. Harding expressed the opinion
that the development of the country's
foreign commerce under the Edge act
would be slow, and at first confined
solely to the financing Of the export Of
essential commodities.
In explaining the 1919 trade with
Europe, in which the balance Of trade
against the Old World reached $4,000,-
100000, the governor said:
'The fact that we have had favor
able trade balance Of $4,0OO,000 900, &C
companied by a large net loss Of
precious metals, shows conclusively
that exporters have either taken pay
ment in foreign currencies or that they
have accumulated credits in foreign
banks. Just how these credits have
been arranged it is impossible to trace
fully, or even measurably, but it is
very probable that. large part Of the
financial burden has been thrown di
rectly or indirectly upon American
banks. There is no reason, however,
to question the security of bank loans,
for there is an abundance of prime col
lateral available, including more than
$4,000, 100000 of United States gov
ernment bonds.
at is highly important, however,
that all long credits granted in con-
nection with exports be kept out of the
banks, whose policy should be to main
tain themselves in liquid condition"
New-York tribune., 1920-01-09
Prices Irregular
In Dull Session
On Curb Market
Oil and Industrial Stocks
Show Strength; Russian
Bonds Gain ON Reports
of Lenine Overtures

Although the course of prices on the
Curb was exceedingly irregular yester-
day, many issues displayed q fair de-
gree of strength. Trading was mainly
professional. Public participation has
fallen to low ebb. Trading was dull.
White Oil was one Of the prominent
issues in the oil group, advancing to
new high of 49as on heavy buying, with
a late reaction to 4s3s. This stock is
that are handling Simms Petroleum
and Gilliland Oil. The preferred stock
of Gilliland went on a dividend basis
yesterday, when the directors declared
an initial quarterly disbursement of 2
per cent. Arkansas Natural Gas was
strong, advancing from 40as to 43. The
company's earnings for December are
understood to have been so per cent
larger than in the correspo.. ding month
of 1918. The company recently brought
in a 1,000-barre we'll in Louisiana.
In the industrial list, Central Teresa
sugar rose from 81 to 9A on good
of the company's affairs. Hupp Motor,
which is expected to have one of the
best years in it's history, advanced an
other fraction.
Submarine Boat attracted attention
by a sharp rise of 2 points, the move
in the stock being based on prospect
of a dividend distribution and other
important developments of favorable
character.
In the bond department the strength
of Russian external bonds was an in
teresting development, the 5hs and
61as selling at 29, about 8 points up
from the recent low record. The move
in the bonds conceded with news from
the other side that Lenine is making
overtures to the Allies through Lon
don