davidaulloa/AmericanStories huggingface dataset:
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
URGE FOR PARTY
SAYS Mr.. ferris
AT CONVENTION
CANDIDATE FOR GOVERNOR AP-
PEALS TO DEMOCRATS
AGAINST KEEPING
MOUTHS SHUT.

The Democratic candidate for Gov
ernor Of Michigan Is sharing with Mr..
Cox the embarrassment of either con-
tending against overwhelming public
sentiment on the one hand or of CON-
plying with his party's requirements
on the other In earliest statements
with reference to his candidacy Mr..
Ferris bravely avowed his independ-
ence OF President Wilson and the
party platform, and declared that had
he been in the Presidents place he
would have approved of reservations
to the League covenant and urged a
settlement of the Peace Treaty and
the League controversy on q comprom.
ise basis.
Mr.. Ferris is we'll aware OF the
sentiment of the voters of Michigan
in opposition to Wilson's autocratic
.nsistence and evidently he sympa-
thized with his home people; but the
atmosphere Of the recent Democratic
State Convention apparently had q
marked effect on Mr.. Ferris views.
That the League Of Nations coven-
ant was a document which well COM
pares with the Declaration Of indie
pendence is a statement he made to
his fellow Democrats at Lansing, and
Mr.. Ferris accompanied this opinion
with the declaration that Woodrow
Wilson was the greatest man living of
his time"
Democrats don't keep your mouths
shut about these things" urged Mr..
Ferris. II believe we Democrats
ought to rejoice in the achievements
Of our party"
It would appear to be true that In
spite Of his recognition of public sen.
timent and the overwhelming Repub.
lican majority in Michigan to which
he persistently alludes as a great mis-
fortune, Mr.. Ferris has consented to
take position with Governor Cox as
Idle in the ditch" Democrat. and as
q devotee of the Wilson administra-
ton, including the unchanged coven-
ant of the League OF Nations.
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
GATHERED BRIEFS

It takes an accomplished liar to tell
the truth with straight face.
Save the pennies. 1t only takes
about 200 Of them to make a dollar.
You never can tell. Many q man Is
we'll heeled whose shoes don't indi-
cate II.
The fact that everything is so high
Is responsible for most of us being OH
our uppers.
Every cloud has silver lining,
which unfortunately Is more than can
be said of every pocket.
Marriage is lottery" says the
Cynical Bachelor. "There is no such
thing as safety match"
The superfluity Of medical advice is
demonstrated by the doctor telling
chronic kicker that he needs more ex-
ercise.
There are social distinctions In all
classes. Even the washer-wOman has
to draw the line somewhere.
HOax-Yes, he makes more money
than he can spend. Joax-Gee! Some
Job. Where does he work? HOax-In
the mint.
Solid Guilt.
"Guess I'll buy q few shares Of
that mining stock. Looks like a gilt
edge proposition to me-"
"You've only seen the edgesl"
Conversation.
"Gabby, isn't he?"
"I'll say so. He must give his wife
an awful battle for the last word"
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
No Time for Training.

"Your business college for young
ladies seems to be all right"
ut Is all right"
do you give the girls good, prac-
teal business trainingT'
I'm reply to that question I can only
say that GO per cent of our graduates
marry their employers the first year"
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
The Pinch.

Don't you suppose" said men,
Der Of the police force, that bobby
knows a rogue when he sees himi'
mo doubt" was tie reply, "but the
trouble is that he does not seize a
rogue when he knows him !"-LondOn
Telegraph.
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15

) The old soldiers OF the Civil War
are prepared to give very prompt re-
spouse to Wilson and Cox touching
their position on the League Of Ma.
tions program. a straw vote taken
on a @. A. r. encampment train en-.
route to indianapolis gave this result:
For Harding zoe: for Cox, 20; non
!committal. ~.
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
Most Unusual.

Anything unusual about the Sec
Ond-hand car"
Eyes, indeed. It's the only second
hand car know of that wasn't espe-
cially made for the general manager
Of the company which builds these mo-
TORS"
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
WakefuI Conscience.

BY tl:is time you should have made
enough to retire on"
"Retire!" exclaimed the profitcer.
"What's the use Of retiring? These
investigators won't let me sleep"
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
Natural Action.

"Here he is complaining Of having
his pay held up for every little thing,
and am sure they have nothing act
ually on the boy, for he Is a real ves-
sci of election"
"Then II he poses as being YES
locked"
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
Use and Beauty.

"Why is it that hOmely men are
more popular with girls than hand
some men?"
BECAUSE" answered Miss Cayenne,
"in a motorcar the handsome man Is
usually worrying about lunch time,
while the real chap is helping repair
4 blowout"
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
MIGHT Live Too Iona.

Old GOtrOx-When l proposed to
Miss Peachy last night size said that
before answering she must see my
family Bible. What do you suppose
that was for?
Her Friend-Oh, she probably wants
to see II you come of long-lived fam
lily.
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
A Real Optimist.
A cheerful man
Is Oswald Spire;
He grins when he
Must change a tire.
Worth More Dead.

'Wby was 1t you never married
again, Aunt Sallie?" inquired lady
of an old cOlOred woman.
"'Deed Miss Ellie" replied the old
woman, earnestly, dat daid niggah's
wutE noah to me dan a live one. l
gifts Il pension"
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
End Of the Honeymoon.

IT guess the honeymoon is about
over"
whats the matter?"
Hes begun to discover that some of
her folks make him tired and she's
declared that some of his relatives are
q nuisance"
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
Society,".

Sue-My ambition is TO become
Four Hundred.
Lou-There aren't that many movie
stars, are there?-Film Fun.
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
Comparative Values.

"rhey say that in England dog
license costs more than marriage H.
cense."
"Yes, but then II isn't always easy
to get good dog"
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
S()H1E>>
lII.EN,S
SXeS$&
Expert Situation.

"All the worlds stage" remarked
the ready-made philosopher.
"Yes," responded Mr.. Groucher.
"And one Of the best actors know of
is the hotel clerk. am often tempted
to applaud when l see him depicting
the emotions Of one who is delighted
to meet another carload Of perfect
strangers"
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15
Tact.

"She's tactful, isn't she?"
Every. She never Introduces us TO
her new friends as old friends of the
family"
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15

IN ORDER OF IMPORTANCE
ayes, ri be delighted to act as one
OF your bridesmaids. But you haven't
told me whom you are to marry"
~ haven't given 1t a thought. m
pick him out after I've arranged the
more Important details"
The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-15

these Rats Wouldn't Eat MY Best
GRAIN" Says Fred Lamb.
Its hard to keep rats out OF feed
st ore. Tried for years. A neighboring
store sold me some RAT-SNAP. 1t
worked wonders Gathered mp dead
rats every morning Bought more RAT
SNAP. Haven't q rat now. They
wouldn't eat my best grain when 1
threw RAT-SNAP around" Three
sizes, 35c. Csc, $1.25. Sold and gusran.
teed by Sprsgue & Co., G. A. Law.
enc 9. OCT
oWOSSO MARKETS.
The Washington herald., 1920-07-21

World Demand for Cotton Is Greatly
In Excess of the Present Production

prices stimulated the production in
the South to such an extent that an
equilibrium was generally reached
the following season. Efforts to
grow cotton outside of the United
States in competition with the
Southern planters usually failed be-
cause there was SO much land in the
South still available for cotton that
no other country could successfully
compete with 1t. This situation no
longer exists and for the first time
in the history of the industry the
growing of cotton on a large scale
in various other parts of the world
seems possible OF success.
The world Is now consuming about
2l,000,0o0 bales of cotton per year,
but good authorities believe that the
present decade will see an increase
in world demand Of at least 10000
900 additional bales, with 4 like in
crease in the succeeding decade.
Where the cotton is 10 come from
to aIiow the world to double its
annual consumption is a problem.
II certainly cannot come from the
Southern American States; assuming
that the American crop will con-
, tinue to average about ll,5O0,oOo
bales. as il has for the past five
years and will probably equal this
year. il is plain that vast cotton
producing districts in other parts
of the world must be developed
without any loss of time If a pro-
nounced shortage of cotton is to be
avoided.
The Washington herald., 1920-07-21
COTTON MARKET.

New York, July 20.-A feature OF
the trade in cotton today was an
advance in July contracts to $42.50,
representing a new high level and
within 4S points OF the best mark
touched by May three months ago,
but 6s points below the top estab-
ished for March contracts, which
sold at $43.1s. the highest ever re-
corded for a future contract here.
First prices were IL to ~ points
higher. After declining 20 to 81
points from the early high levels,
there was another strong advance.
In mid-afternoon the list turned
hrmer. selling at a net advance of
20 to 80 points on a demand from
shorts and the South, but late in
the day prices were. easier. Trad
ing in July will come to an end
at noon on Friday.
At the close the undertone of the
market was steady, with July 20
points net higher and other posi-
tions points higher to lower.
spot here was steady, with mid
ding 7s. points higher at 43c, no
sales; at New Orleans 1t was un-
changed at 50 3-4. sales 2s1 bales.
Receipts at Galveston were 3,7ss;
New Orleans. 1858: Savannah, L.
os5; and Memphis. l.7ss bales.
The Washington herald., 1920-07-21
DESIGNS ORDER::.
|AVERTS FAMINE
/. c. c. Promises Material
Increase Of Coal D Deliveries !
Beginning July 26. :

Bituminous coal deliveries via the
Great Lakes will be increased ma
terialiy. beginning July 2s. under
the terms of service order issued by
the Interstate Commerce Commits.
sion yesterday and designed TO pre-
vent fuel famine in the North
western States this winter. =
The order, directed at more than
score of coal-carrying railroads
in Pennsylvania, Ohio. West vir-
ginia and Kentucky gives the Lake
Erie Ore and Coal Exchange-the
so-called Lake coal pool. authority
to determine the daily percentage
of cars necessary to furnish the
Northwest with the coal needed be-
fore the. closing of navigation Mo-
vember /. H NJ. Griggs, manager
of the Ore and Coal Exchange, is
made agent of the Interstate Com
merce Commission to carry out the
order and fix the car percentage for
each coal-producing district. The
railroads are directed to give pref
erence and priority In the supply
of cars consigned to exchange, and
to place an embargo on the supply
of cars for the movement of all
other bituminous coal in carload
lots to any other consignee or
destination, until the percentage
necessary for lake transshipment
as determined by Mr.. Griggs, has
been delivered.
The Commission also ordered that
the coal in carload lots assigned to
the exchange shall not be subject
to reconsignment except on permit
issued by the exchange and author
lied by Mr.. Griggs to change the
percentages, IL necessary upon one
days notice to the carriers. The
railroads subject to the order are:
The Baltimore and Ohio Railroad
Company from coal mines west of
Grafton, ". ", and Meyersdale,
Pa; the Pennsylvania Railroad
Company and the . PENNSYLVANIA
Railroad Company-western Lines
from coal mines on main and
branch lines west of Latrobe, Pa;
the New York Central Railroad
Company from coal mines in the
State of Ohio; Louisville and Nash
willie Railroad Company from coal
mines on and east of the lines from
Cincinnati, Ohio, to Jellico. Tenn;
the Wheeling and Lake Erie Rail-
road Company; the Hooking Valley
Railway Company; the Toledo and
Ohio Central Railway Company;
the Pittsburgh and West Virginia
Railway Company; West Side Belt
Railroad Company: Bessemer and
Lake Erie Railroad Company; the
Pittsburgh and Lake Erie Railroad
Company; Pittsburgh, CHARTERS and
Youghiogheny Railway Company;
Montour Railroad Company: the
Monogahela Railway Company; the
Kanawha and Michigan Railway
Company; the Chesapeake and Ohio
Railway Company; Norfolk and
Western Railway Company; Coal
and Coke Railway Company; Union
Railroad Company (Pennsylvania);
the Sandy Valley and Elkhorn Rail-
way Company; Pittsburgh, McKees-
port and Youghiogheny Railway
Company. Kanawa and West Vir-
ginia Railroad Company, and Long
Fork Railway.
The Washington herald., 1920-07-21

per cent. were secured by Liberty
bonds: 3l0.7 millions. or 24.7 per
cent. by Victory notes, and 1865
millions, or 2S.4 per cent. by Treas
ury certificates, as against 80. 23.9.
and 27.l per cent of the correspond
ing total of l.296.4 millions report
ed the week before. Total dis
counts held by the Boston, New
York, and Cleveland banks are in
elusive Of 1854 millions of paper
discounted for seven other reserve
banks in the South and Middle
West. as against 1856 millions the
week before, while acceptance hold
ings of the Boston, Philadelphia,
and San Francisco banks comprise.
as the week before. 24.9 millions
of bills purchased from the New
York Reserve Bank.
Government deposits show a de-
cline of about 4 millions, members
reserve doposits-an increase Of 27.7
millions, other deposits, including
nonmembers' clearing accounts and
foreign government credits-a re-
duction OF 4.6 millions. and the
''foat" carried by the reserve banks
and treated as a deduction from
gross deposits-an increase OF 1913
millions. As a consequence. calcu-
lated net deposits were 20.s mil
lions less than the week before.
AS the result of the heavy return
flow of notes, following the large
issues of these notes about the be-
ginning of the month. Federal re-
serve note circulation shows a re-
duction of 45.l millions, as against
a reduction by 90 million in Fed
eral reserve bank note circulation.
The Washington herald., 1920-07-21
Federal Reserue Boards Weekly
Statement Shous Decline in DEPOSITS

Aggregate reductions by 75.3 mil
lions in earning assets accompanied
by a commensurate decline in COM
bined deposit and note liabilities
and a los million gain In cash
reserves are indicated in the Fed
eral Reserve Boards weekly bank
statement Issued as at close of
business on July 15. 1920. AS
consequence, the reserve ratio
shows a rise of from 43.l to 43Y
per cent.
Holdings of paper secured by
United States war obligations show
decrease for the week of all
millions. other discounts on hand
declined .3l.3 millions. while accept
ance holdings fcH off 16.1 millions.
An increase of 1922 millions in
Treasury certificates reflects large
ly the increase in special certifi-
Gates held by seven reserve banks
to cover temporary advances to the
government pending receipt OF
funds from government deposit
taries.
OF the total OF 1868 millions of
paper secured by United States war
obligations. 5ss.1 millions. or 46.s
The Washington herald., 1920-07-21
Oil Production in United States Now
Averaging 1880 Barrels Per Da.

Oil production in the United States
is averaging l.195.2oo barrels a day
compared with 1.0s5,2oo barrels a
year ago. an increase of 100, ,ooe
barrels daily, says the Wall Street
Journal. This increase reflects
largely the output of the north
Louisiana oil fields, particularly
Homer. which did not exist as an
important field in July. 1919; and
to an increase of $4,000 barrels
daily in Oklahoma production. The
largest decrease compared with a
year ago is shown in the north
Texas fields. which are producing
approximately $4,000 barrels a day,
against 900, 1000 in July. 1919, a de-
cline of $4,000 barrels. The north
Louisiana oil fields bear the same
relation to production this year as
the north Texas fields did in 1919,
accounting largely for the increase
in the respective years. In 1919 the
United States produced about 379,-
900, 900 barrels of oil. a gain Of
about 24.0o0.0V0 barrels over 1918.
Output this year is running at the
rate of 421, 100000 barrels annually,
an increase of 100000 barrels
over 1919. Increase Is chiefly in
the high-grade oil fields. Califor-
mia, which produces q heavy oil,
shows a decline of 2.400 barrels in
daily average output. The Gulf
Coast shows a gain of 1900 bar
rels this year. During the war,
and Immediately following, Gulf
Coast crude was considered heavy
oil, and at one time brought 81 a
barrel In the market. Due to the
heavy demand for. lubricants de-
veloping within the last six months,
Gulf Coast crude has come into
general use for this purpose, and
II now sells for So a barrel. only so
cents a barrel under the price or
high-grade Midcontinent crude oil.
The peace demand for OIL. which
started in August last, and Is still
under full headway. Is greatly ex-
ceeding the war demand. In the
last several months consumption of
oil In this country has been run
ming at the rate of 435,000.000 bar
rels year. In the same period
production In the United States has
maintained q rate of more than
900. 100000 q year. Mexico IL now
supplying oil at the rate of l32,-
900. 600 barrels year. In 1918, the
last year Of the war production
Of crude oil In this country amount
cd to approximately $4,000, ,oootb bar
The Washington herald., 1920-07-21

rels: in 1917, 335. 1000 900; in 1915.
400, 100000; in 1918. 2sl.O00, 900, and
in 1914. 265.000,000. After the ces-
sation OF lighting in November. 1918.
there was a sharp contraction in
the oil business, and 1t was not un-
til August of last year that the
present upward swing was started.
In that month production in this
country was 33.s62, 900 barrels, from
which figure II has constantly in
creased to 36.a50,o00 barrels in
April. Consumption in August last
was 3S,600,000 barrels, which, how
ever, was unusual. and the normal
monthly consumption at that time
Is better-represented by the Sep
tember figures. which were 34.ll4,-
600 barrels. Consumption in April,
1890, was in excess of $4,000, 900
barrels
The Washington herald., 1920-07-21
MONEY.

New York, July 20.-In the mar
ket for prime bank acceptances con-
ditions were unchanged today in
that there Is still a considerable
scarcity Of prime New York bills
and brokers would take all that
were secured. bidding freely 6 as.
Offering, OF prime out of town bills
are only moderate.
In time money a few small loans
for 80 days have been made at >
per cent one or two renewals for
80 days to so days have been made
at 8 per cent.
In mercantile paper the tone con-
tinues very firm. Practically no
business is being done in prime pa
per outside Of the country banks,
rates being variously quoted at STA
70 8 3-4 per cent for the choicest
Material. and in some cases per
cent Is said to rule.
Money on call today ruled at s
per cent.
The Washington herald., 1920-07-21

OF all world industries, cotton is
the most widespread. OF all COM
Inercial romances, cotton and its af-
Inflated industries supply the great
est amount OF interest. Since 1900
no other branch of business has
witnessed such an expansion. and 1t
is difficult to conceive of any COM
mercial enterprise which has a
greater or more assured future.
1t is estimated that more than
G, 900. 900 persons are directly en-
gagged in the production, manufac-
ture and distribution OF cotton.
while reliable estimates have placed
the amount of capital invested in
the business at $50. 900. 100000. The
amount of cotton produced in the
world has shown remarkable In
crease. While statistics of such
widespread industry are necessarily
more or less approximate, II Is oe-
Iinved that cotton production has
grown from 10000, 900 pounds in
1900 TO 1900, 10000 pounds in 1850.
:, soc. 900. 900 pounds in 1900 and a.
600 .OOO. 900 in 1913. which is the last
wear that can be called normal. The
most interesting phase Of the hg-
ures Just quoted is the practically
doubled production since 1900, show
ing that even in these modern times
great capacity for the expansion OF
cotton consumption exists. Since
1914. however. little increase In the
worlds cotton production has taken
place and one of the greatest prob
lens now confronting the industry.
and one which is receiving a great
deal Of serious attention, is the In
crease in the area allotted to cotton
cultivation necessary to keep UP
with increasing consumptive de-
mand.
A study of world cotton statistics
and conditions shows clearly that a
serious shortage of cotton exists. AL
though there has been a marked i'm
provement in the present American
crop\ over the early estimates OF
the Department Of Agriculture and
other authorities, the season Is still
young and many unfavorable factors
may yet reduce the indicated yieId.
Should the present American crop
fail to come up 10 the most recent
estimates. II will mean the sixth
short, crop. an unprecedented situa-
ton so far as American cotton Is
concerned.
From the date when the Southern
a
ply the world with it's principal
stocks Of cotton, there has always
been a feeling in textile circles
throughout the world that when
more cotton was needed America
would supply II. Up until the pres
ent this hypothesis was reasonably
accurate: now, however, a different
state of affairs exists.
E. There is a certain point In every
economic situation where the peak,
ror saturation point so far as ability
to produce Is concerned. is reached.
This is very near the case in Amer
lea today. While II is true that con-
siderable asaas still exist that might
be turned into cultivation of cot
ton. IL is also true that with the
growing tendency of Southern plant
ers TO diversity their crops there Is
a steady encroachment onts the
amount Of land that will hereafter
be devoted to cotton. Besides that.
the boil weevi1 pest has been a hard
one to contend with and labor con-
ditions have been anything but sat
isfactory.
In previous years, short crops in
this country and resulting high
The Washington herald., 1920-07-21
SOFT COAL OUTPUT.

The bulletin issued by the Unit
cd States Geological Survey shows
that the reproduction of bituminous
coal in the United States for the
week ended July 10 was 9,S03,00o
net tons. compared with 1o.293,0o0
net tons in the previous week and
l0.225.000 net tons in the corre-
spending week last year. For the
calendar year to date the output of
soft coal aggregates 272.l70,000 net
tons, against 22S.324.000 net tons in
the same time last year.
The output of anthracite for the
week ended July 10 was 100000
net tons. against 100000 net tons
in the previous week and 1.S49, 900
net tons in the corresponding week
last year. For the calendar year
to date the production of anthracite
amounts to 45.141.o 900 net tons,
against I.ssS,00O net tons in the
corresponding period last year.
The Washington herald., 1920-07-21
PAN AMERICAN NOTE ISSUE.

New York. July 20.-The Pan
American note issue amounts to
$40. o00. 900 ten year per cent con-
vertible notes. They are converti-
BILE into class "B" common stock at
s145 a share. A sinking fund will
be provided amounting to Sl.05o, 600
a year for the purchase of notes at
not over par and interest
The loan is secured by first mort
gage on a fleet of ten steel tankers
to provide transportation facilities
for the Mexican Petroleum Company
in which company the Pan American
Company owns approximately IL
per cent of the stock. This is said,
together with previous obligations
aggregating s3.s7S.SlS, 10 constitute
the only funded debt of the COM
pany.