davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-03-16
Still Is Destroyed

Huntsville March 15.-(Speciai)-Of- ficers raided a large liquor distilIery on Keel's mountain. near Gurley. and de- stroyed the plant. Emmett Connally ana E. Sanders were arrested They were brought to jail in Huntsville.
The Birmingham age-herald., 1921-03-16
"HOME RUN" BAKER
 LEAVES TO JOIN TANKS

Baltimore, March 15.-'Hone-run Baker. who recently announced he would play baseball again this year, left here tonight to join the New York Yankees at Shreveport He declared he was in good shape
The Birmingham age-herald., 1921-03-16
Exhibition Games

At Beaumont, Tex. R. H. E. Philadelphia Americans I Beaumont (Texas league) ..
 Batteries: Slappey, Keefe and Styles; Everett. Hymel and Kelly.
 Orange Tex, March 15.- R. H. E. Houston (Texas league) .....-....2 St. l.. ttarulnais tss1eed teamt--ll l0 ,
 Batteries: Barfoot, Sheppard, Nichols and Or ffithA Wri" nt; Doak. Dodson. North and Effort, Gillian, Greisenbach.
The Birmingham age-herald., 1921-03-16
Young Matron Dies

Huntsville. March 15--Mrs. Marjorie Lawler. 20 years old. wife of Ben Law Ter of Ryland. died yesterday after brier illness She was a daughter or MT. and Mrs. James Fisk of Huntsville.
The Birmingham age-herald., 1921-03-16
Why You Must Have Iron
 to Make Your Body Strong and Your Brain Ke en
Alert PowerfVaue of Spinach and Organic Iron Help Make
 Rich Red Blood and Revtaze Wornout Exhausted Nerves

WITH BLOOD AND IRON YOUR BRAIN the OXYGEN from your lungs and your your blood YOUR POOR fails fO Do OoSh IHN make pad occasions ana you reay amount o without iron YOUR BLOOD
  the full strength O. it.
 RED BLOOD CoRPUSCLES IN YOUR BLOOD AND EACH ONE MUST HAVE IRON.
The Birmingham age-herald., 1921-03-16
FIGHT RESULTS
KID WILLIAMS GETS
 VERDICT OVER COLLINS

Baltimore, March 15.-Kid Williams of Baltimore was awarded referees de- ,eision over Marty Collins of New York
 in 12-round bout here tonight.
New-York tribune., 1921-10-29
Religious Announcements
BAPTIST
FIRST BAPTIST CHURCH
broadway and 10th Street
PASTOR |. M. HALDEMAN, DID,.

II A. M---"GOD's sACRIFICrAL LAMB. /"
8 p. MIS- THE PROTESTANT CHURCH
GOING TO PIECES? CAN IT YET BE
SAVED? OR IS THE WAY BEING PRE-
PARED FOR AN UNDOCTRINAL AND
ETHICAL CULT ON THE ONE HAND
AND THE DOMINATING SOLIDARITY OF
a NEIIGI GIOUS-SACERDOTAL AND PO-
SYSTEM ON THE OTHER?"
Friday Night, November 4, 8 O'Clock, JOB
in the Devils Hands"
New-York tribune., 1921-10-29

dispossess Miss Nesbit for non-pav-
ment Of rent. She opened the tea-room
last April. Several weeks ago Miss Nes-
bit was attacked by three men in the
place early in the morning, and they
were convicted and sent to the work
house.
Miss Nesbit returned to the stage
after the trial of Harry X. Thaw for
the killing Of Stanford White, later
marrying Jack Clifford, with whom she
DID dancing turn. This marriage re-
suited last spring in two divorce suits,
one filed by each of the parties. Sew
eral years ago Miss Nesbt passed
through bankruptcy proceedings.
The Trebuhs Realty Company Ia a
subsidiary Of the Shubert theatrical
concern.
While the dispossess proceedings
and their exciting postponement were
going on the sale Of Miss Nesbit's art
OBJECTS and gift furnishings, consisting
or mahogany, bronzes, porcelains,
paintings, toilet articles and other OBJ
lets dart, was proceeding at the
Broadway Art Galleries, 1852 Broad
way. Tho sale began Wednesday and
VIII end to-day. For the first two DAYS.
fact of which Miss Nesbit was evil
IDENTIFY ignorant, $4,000 had been real
lzed, out OF which the former actress
will receive ample funds to tide her
over any present financial difficulties
New-York tribune., 1921-10-29
Lying Blind Man Identified His
Suspected Assailant by football

Andrew Anderson, seventv-e,ch+
years old and blind, said to be a man
OF means, was shot twice and probably
inortaiiy wounded late yesterday at his
nome, 70 Coffey Street, BROOKLYN. Nv
ihomas kickerson, identified later bv
the police as pug" Horner. who pavs
his address as 4205 Third Avenue
Brooklyn. Rickerson was arrested at
thirty y-seventh Street and Seventh
Avenue by Detectives Begley, McKenna
and Mccarthy. He denied that he had
done the shooting. The police say he
has record as Horner.
Anderson who lives in first hoor
apartment at the Brooklyn address
with his daughter Anne. was alone in
the house when Rickerson came in. he
told the police. The man entered his
room, he said, and because his sense
OF nearing IS unusually acute. he
Identified the step as that of Rickerson.
whom he had hefriended since bovhood
because Of intimate friendship with the
latter's father, now dead. Without re-
plying II his greeting, Anderson said
Rickerson began shooting One shot
entered Anderson's abdomen and an
other struck him in the back as he
tried to leave the bed on which ha
had been sitting
Two more shots were fred. but both
went Wild Anderson collapsed on the
New-York tribune., 1921-10-29
Gale Convicted
OF DesertiOn
And Sedition
Former Legislative Clerk
To Be Dishonorably Dis
charged and Serve Seven
Years if Finding Stands

Linn A. E. Gale, former Albany
newspaper man and legislative clerk.
was found guilty by the military court
at Governors Island yesterday Of the
primary charge Of desertion and of
seditious publication in Gales Inter
national Magazine" which he pub-
lished in Mexico City following his
night from this country in 1918
Inc findings of the court supported
al OF the ten specifications comprised
unoer the three charges, and imprison
menV Tor seven years at hard labor.
dlsnonorable dismissal from the armv
and forfeiture of ali pay and allow
ances were recommend by the court.
Ihese findings are subject to review
oy MAJOR General Robert l.. Bullard.
corps area commander, and the War
department. Gale will be subject to
parole after two years and three
months of good behavior if the sem
tence is confirmed.
captain Joseph P. Cromwell, trial
Judge advocate, demanded a limit sem
tence for Gale.
Brands Him as Yellow
He is yellow clear through, said
captain Cromwell. "a creature so
yellow that even after he was certi-
ned tor limited or special service as
cierk ne was too yellow to be- even
clerk. He is liable. If convicted, to a
sentence of $4,000 fine or E twent~ sn V
years on each charge, and | think he
should be sentenced to the maximum. )"
Peter T. McElligott, civilian counsel
for Gale, declared that the people
were no longer disposed to prosec,te
men for utterances or publications
that during the war were considered
unpatriotic, and said that he was a
member Of the Lusk committee and
personally drafted and introduced ono
anti-sedition bill.
The blu failed OF passage" said
Mr.. McElligott, because there we're a
great many people who believed that
primarily we must not curtail the
freedom of the press or freedom of
speech; that people even during a
war must be free to criticize govern
mental policies and men in public life,
snd think the public now is not in
favor Of holding these people rigor-
ously responsible for such criticism.
Denies He Hindered Army
There has not been bit Of sv;-
dence to show that matter published
by. Gale down in Mexico. If he did
publish it, had any influence what
ever, OF prevented single man join
ing the United States Army"
Mr. McElligott in previous argu
ments had declared that the poems
published by Gales magazine we're
shown to have been written by others
and that the editorials allegedly writ
ten by Gale were not attacks on the
late President, but attacks on things
,aie thought should be reformed. He
a IL
IN Gales case were defective and de-
hcient.
New-York tribune., 1921-10-29

moor, and was found by neighbors, who
told the police that after hearing the
shoos they ssw Rickerson run from the
Rouse. Anderson was removed to Long
Island College Hospital, where IL was
said last night he would die.
hickerson was taken to the hospital
Immediately after his arrest. Ander-
son was still conscious. The prisoner
was ordered to speak to the blind suf-
1erer, who said at once: "That's the
man who shot me. God only knows
why he did it."
when asked how he wa. able to iden-
thy his assailant, Anderson explained
that, owing to having been blind for
many years, he had become able To
identity the walk of any person he had
once heard cross floor. In this case,
ne said, Rickerson spoke, shouting
something in reply to The blind man 3
exclamation, "Why are you shooting
Il do not know what he said" An
derson told Detective MCCARTHY. "but 7
know he said it. He did not ask me
for money. as he usually does. / have
befriended him since he was a small
boy, for the sake Of his faher. would
have given him anything he asked
within reason"
The police say Rickerson's identified
tlon does not depend on the blino mans
word. They declare statements of other
persons IN the apartment building who
saw Rickerson depart after they had
heard the shots positively identify him.
New-York tribune., 1921-10-29
Arrests Forecast
To-day in 3 Million
Mail Truck Hold-Up
Note Purporting to Come
From Bandits Says Loot
Was 5 Millions; Inspectors
Check List of Green Autos

Rush Simmons, Chief Postoffiee In
spector, and fifteen assistants concen-
trated last night on clews developed
during the day which supported official
belief that the S3,o00,o0O mail truck
robbery at Broadway and Leonard
Street last Monday night was engi-
neered from "the inside Several per-
sons said to be under suspicion Of col
lusion with the bandits were questioned
last night, and arrests were expected
to-day.
Anonymous letters by the score were
received during the day, some ostensi-
bly, from the bandits themselves and
others from persons Offering sugges-
tions for their capture. More than 200
letters identifying owners of green
cars, such as the one used by the rob-
ers and described by Havanrick, chauf-
New-York tribune., 1921-10-29

feur Of the mail truck, have been re-
ceived.
j. Hulett, president Of the Hulett
Motors Company, manufacturers Of
cleveland cars, yesterday gave the
postal authorities q complete list of all
green cars turned out by tho concern.
together with their present owners.
This information is being checked uu
by postoffice inspectors.
A letter ostensibly from the mail
robbers was received yesterday sd-
dressed to Postmaster Morgan. 1t
read:
"You are mistaken about the mail
robbery. / counted the loot myself.
We got on that mail truck last Monday
night little more than $5,000,0 900. Do
you know that? The next hold-up will
be in Philadelphia"
Postmaster General Will H. Hays
was unable personally to aid in the
investigation Of the robbery yesterday
because Of injuries received in a
wreck at Manhattan Transfer. MT.
Hays was said to be in an improved
condition at tho Waldorf Astoria last
night
Consignments of jewelry stolen in
the robbery totaled $9,644.99. The par
cells were distributed among thirteen
firms, as follows:
M. ]. Shuster, Maiden Lane, s730.eo;
Aronson, Spiegel & Frank, $500; H. w.
Wheeler & Co., 2 Maiden Lane, s367:
3. & L. Wet, II Maiden Lane, S65o5O:
Simpson Brothers, 1923 Canal Street
Sl49.l4; F. B. Smith & Co., $1,000:
Freudenheim Brothers, ITO Broadway.
$51960; Aronson & Spiegel, 64 Murray
Street, $3.50; Dattlebaum & Friedman.
Is John Street, $780, Stern g. Stern.
131 Liberty Street, S14o; Abel Brothers.
l8 Maiden Lane, $685.; Harry Borden
heimer, 81 Nassau Street, $3,38N25. A
loss OF ]ewelry, amount not stated, was
also sustained by the Irving National
Bank
New-York tribune., 1921-10-29
CHRISTIAN SCIENCE

FIFTH CHURCH OF CHRIST, sCIENTlgT
A Branch Of The Mother Church, Tho First
Church Of Christ. Scientist. IN boston. Masss-
ehusetts. Services; Sunday. IL A. M. &SP.M.
Wednesday. 8 p. NJ. In the new Church Ediice.
East <Sd Strest. Reading Room. Flatrun Bldg.
New-York tribune., 1921-10-29
Wadsworth Avenue BAPTIST Church

Wadsworth Ave, bet. 17sth and 1soth SITS
REV. E. S. HOLLOWAY, Pastor.
1l--"OTHER LITTLE SHIPS
S-"AN END OF DOUBT"
New-York tribune., 1921-10-29

Washington Heights Baptist Church
146th Street and Convent Avenue
Rev. Harold Pattison, d. D., Minister
II A. "Disarmanent."
T. M.--"Rosy Dreams"
New-York tribune., 1921-10-29
LUTHERAN
METHODIST EPISCOPAL
155TH ANNIVERSARY OF
OLD JOHN STREET CHuRcA

Sunday. Oct. 30. $50 \. M. LOVE FEAST.
Or. r. 3 upham; io:45 A. NJ. Bishop
". =. ANDERSON, topic, The Supreme
Need OF Our Times" 2 p. NJ, PLATFORM
SERVICE, HENRY H. CURRAN, President
thorough Manhattan. topic. New York
city Bishops l.. 3. Wilson and w F.
Anderson, topics, Tho Armament Confer
ence and Other World Events: s:45 p. NJ.
i testimony Service. James S. Coward, ESQ
40 = NJ, Sermon, Bishop Anderson topic,
Books That God Writes" Monday, Oct.
81, IL A. NJ. PREACHERS MEETING. ad-
dress by Senator William II. Calder l =.
NJ, Bishop Anderson. topic. "Amerlca's Op-
pportunity for Werld leadership" Tuesday,
Nov l, Z. NJ. Bishop Wilson, topic.
. America and Disarmament" Wednesday
NOV z. Z. NJ, Rev. DR.. Wallace MacMul-
len. Thursday, Nov. 8. P. NJ, Rev. Dr.
George Elliott, topic .Tntercessory Prayer
as World Force" Friday, Nov. 4, / P.
NJ, Rev. +. B. Stockdnle topic The Sec
ond Fall OF Man"
New-York tribune., 1921-10-29
KEFORMEn CHrRCH OF HARIEM

HAMIL TON GRANGE. Convent Av. 3 74sth
Arthur Frederick Mabon, Minister,
breaches at II A. NJ and 8 P IL
New-York tribune., 1921-10-29
REFORMED
Collegiate Church of New York

THE MIDDLE CHURCH,
Second Avenue and Seventh Strest-
Rev Edgar Franklin Romig. Minister
VIII preach at u A. NJ. and ?. ~.
New-York tribune., 1921-11-01
Chinese Loan Fate To Be
Decided in Peking To-day
Default or $l6,O0O,OOO New
Issue Alternate Courses
TO Choose From

Not until the cables have been re-
celved to-day from Peking will it be
known whether the $5,5o0,0O0 Chinese
government short term loan due at
this time will be paid off, bankers in
terested in the American group of the
international consortium said yester-
day. Representatives of the American
group at Peking have made a definite
proposal to the Chinese government
for refunding loan involving the is
suance of S16,000,0o0 of new securi
ties. The Peking agents of the Ameri
can bankers are empowered to close
the loan, and if it goes through the
$o,5O0,Oo0 maturity to-day will be
taken care Of. Otherwise the loan will
go to default.
In addition to taking care of this ma
turing loan, which was arranged sew
eral years ago by the Continental and
Commercial Trust and Savings Bank
or Chicago, the projected $4,000 600
financing would provide for the s5.5O0.-
600 Pacific Development Corporation
loan. due in December. It would also
provide for the payment of back inter
est on the coupons on the German
series Of the Hu-kuang Railroad loan
OF l91l, besides giving the Chinese
government small amount of funds
tor construction work.
A conference of consortium repre-
sentatlves was held yesterday at the
oflces Of J. P. Morgan & Co.
New-York tribune., 1921-11-01
| Glover Leaf Bond
| Litigation Ended;
| To Be Withdrawn
Securities Given to Purchase
Chicago x Alton Returned
and Settlement With Pro.
tective Group Is Made

j. 5. Bachc, chairman OF the stock
holders protective committee of the
Toledo. st. Louis & Wcssarn Railroad
announced yesterday that the litipa.
tion involving the legality of the com
pany's S11 ,b27,000 A ard bonds had
been settled. The basis of the settle
ment is the cancellation and surrender
of the entire issue with all the interest
coupons, amounting in all to 81 6 ,00o, 900.
The bonds in litigation were issued
py the "Clover Leaf" in payment for
the controlling stock of the Chicago
q Alton Co. in 1907. Under the
Terms of the settlement the and B
hondholders take back all of the Chi
cago & Alton stock and the "clover
Leaf" pays in cash $1,1300o0 to the
bondholders' committee The stock
hoiders are to turn over t. the bond
holders committee 10 per cent of the
common and preferred stock of the
Toledo. st. Louis & Western, of which
there is S1o,oo0,o00 outstanding of
each issue.
The bonds. according to Mr.. Bach's
encouragement, were contested by the
stockhoiders' committee on the grounds,
hrst,. that the bonds were given for the
purchase of the controlling stock Of a
competing road. and, second, that fraud
was practlced by the parties concerned
in the transaction, so that all of the
ponds were tainted" The only funded
indebtedness again. the "Clover Leaf"
as result Of the settlement is
slo,ooo,0 ,000 prior lien 3 V per cent bonds
and S6,50O,C00 per cent bonds.
according to the bondholders' com
mlttee, OF which e. g. Merrill is
chairman, the settlement mas been an
proved by the United States District
Court for the northern district of Ohio.
New-York tribune., 1921-11-01
Big Treasury Offering
Heartily Ouersubscribed

WASHINGTON, Oct. 31.-More
than s6oo,oo0,ooo has been received
IN subscriptions for the Treasury's
recent offering of Az per cent and
41a per cent certificates of indebted
ness, of which total of about
s2oo,o0o.0oo was offered, according
to preliminary reports, officials said
tonight.
The heavy oyer-subscription to
these certificates. bearing less than
per cent interest for the first
time in about year and half, waa
TAKEN by officials to indicate con-
siderable easing in the money mar
kat. Decline in interest rates gem
orally. it was said, would probably
be followed by further reductions
in Federal Reserve rediscount rates,
New-York tribune., 1921-11-01
Days Ne,o Issues

Harris, Forbes g. Co. and C. d. Bar
ney q Co. have purchased an issue Of
$1,370,00 Winston-S Salem, ~ c., " per
cent Improvement bonds, due 1922 to
1862, which are being offered at prices
to yield from $40 to 5.35 per cent, ac-
cording to maturity.
A syndicate headed by the Harris
Trust and Savings Bank OF Chicago was
the successful bidder yesterday on an
issue of City of Los Angeles bonds.
Holders of $4,000, 900 of the $780,
100000 Northern Pacific Great North
ern 6h per cent bonds issued last
spring have made the conversion into
Great Northern rs, as provided under
the financing, it was learned yesterday.
This is the total amount that could be
converted under the arrangement. At
the same time, only about $4,000. 900 of
the joint 6l3s have been converted into
the Northern Pacific 6s. This leaves
approximately S106,00o,eO0 of the orig
inal joint 61ss outstanding.
Dominick & Dominick announced YES
terday that all OF the block of pre-
ferred stock of the North American
Company offered by them has been
sold.
The Hanchett Bond Company is of
fering $105,000 Manatee County fFla.)
per cent school district bonds, ex-
empt from all Federal income taxes, at
par and interest yielding per cent
New-York tribune., 1921-11-01

HLTHoUGH The first railroad
K A-tzUslve miles efMe Bazimoye
e Ohio-s0as buiAw 1871, it qcas FIR
a lang time q matter Of opinion qvhethev
railroads ar canals qUeve the logieal
metbod dofyanspovtation. Whereas the
canals followed the natural lines Of
communication North and South,
the railroads broke across sectional
barriers, and brought the East and
West together. Not, however, until
around 1870 was victory conceded
to the railroads, and the period
New-York tribune., 1921-11-01
New York Metal Market

On the New York Metal Exchange
tin was quiet and steady, with Straits
qoted at 2750G29c; standard, 27.50M
assoc, and Straits shipments, 2750@1
29c; 90 per cent tin was quoted at
27.50G2Sc; copper, steady, standard
spot, November and December, 12.25c
1921 @lSc, and December, 12.62h@
1912 1ac. Lead, quiet; New York spot,
4.654l4.72l9c and East st. Louis spot
4.45c asked; zine, quiet; New York spot,
4.9oc and East st. Louis spot, 4.60c.
New-York tribune., 1921-11-01
Days Dealings in Bonds
The Market

The bond market at the Stock Ex-
change yesterday was active and prices
were we'll maintained. United States
government issues held strong and the
Victory 4As duplicated the high record
Of the year at 9966. Among the indus
trial issues the Cuba Cane convertible
7,s were prominent, rising sharply on
the announcement that the plan for
financing the company's needs has been
declared operative by the bankers. Rail
bonds were steady.
New-York tribune., 1921-11-01

To fgure ths precise yield on a bond Il
10 necessary to use yield tables out the
approximate yield can roughly he figured
ont by the following formula: Divide tho
closing quotation on bond into .he -sts
sne annual return. X trio bond Is selling
oetow par you must allow also for the
apprsciatson OF the principal. To do this
subtract the market quotation from x,a~
or leo. and divide the remainder tv INC
number OF YEARS the bond has 10 run be-
lcrc maturity. For example n q Der
COAT pona fs selling at 80 and has tes,
ears TO ruu. the annual return will be
o. interest II pays. and the result viii b.
ana the market price wilt he 10 aoint..
suetrrcttEg 80 trons leo. Dividing sem
goiL q y tea years the ouotisat viii be
IIis hsure is to be Added to SIS yrhfch
N the annual return. and the result 81
psr cent. viii give yea the apps1 xi.na.s
New-York tribune., 1921-11-01
Minslow, Lanier & Co.
50 CEDAR STREET
NEW YORK

THE FOLLOWING COUPONS AND
DIVIDENDS ARE PAYABLE AT OUR
BANKING HOUSE DURING TILE MONTH
OF NOVEMBER, 1921:
NOVEMBER 1st, 1921
Cleveland & Pittsburgh n. r. Co. Cen
Mtge. 5as.
Massiilon g. Cleveland II. r. Co. Quar-
terly dividend 2S.
Marion County, Indiana. Bridge Bonds.
Portsmouth, Ohio, Refunding Water Works
Bonds.
NOVEMBER 18th, 1921
indiana polls. Ind. School Building Bonds.
New-York tribune., 1921-11-01
London Market Inactive

LONDON. Oct. Trading was in
active on the Stock Exchange to-day.
Bar gold was quoted at 104s Sd; money
was loaned at 1A per cent. Discount
rates were: Short bills, 3ss per cent;
three month bills, 3A per cent.
q Closing quotations on stocks were:
New-York tribune., 1921-11-01


of real railroad expansion began.
y
From the limits of the small
community that New York was,
when the Bank of the Manhattan
Company was founded in 1899, the
service of the Bank has followed
American business through every
stage Of its development. Today
its service is nationwide, and its
range of contacts covers business
activities of almost every conceiv-
able nature.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1921-12-22
Located in His Coco.

Speaking of odd SMILES" writes j.
G. NJ, you might also mention SWIM
nerton's description of Gaga In
sCoquette' He had large, soft, brown
eyes, like chocolate which has been In
a warm place."
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1921-12-22
Keep One Moving and See What
It viii Do for Your Com.
munity.
PAYS MULTITUDE OF DEBTS
When 1t Is Sent Out of. Town, How
ever, to Pay for What Can Be
Bought at Home 1t Is Gone
Forever.
(Copyright.l

It is a rather wonderful thing, when
you stop to think about it what one
lone dollar will do, if it is kept at
work. This has been illustrated in
striking manner on several occasions
by means of very simple experiment.
If you want to see just how important
a role silver dollar or a dollar bill
plays in the life of a community here
is the way to do it. Just attach tag
to the dollar and turn it loose, with
the request that every person who
receives the dollar make a note on the
tag as to how he received it. The re-
suit will be an eye-opener.
Here is the way it works: Smith,
the lumber dealer, who first possesses
the dollar, buys some groceries from
Brown and pays for them with the dol
lar. About that time Jones, the plum
Der, who had done some work for
Brown, sends his collector around and
Brown pays the bill with this dollar.
Jones owes Green, the printer, a small
advertising bill, so he sends this dollar
to pay his bill. Green had just put
the dollar in his cash drawer when
in comes Black, the milkman, to whom
Green owes dollar for milk delivered
at his house. Green takes the dollar
out of his cash drawer and pays
Black. For some time Black has owed
White, the carpenter, for some work
done on his dairy house, so now he
takes the dollar that Green has paid
him and pays up what he owes White.
White still owes for some lumber that
he bought from Smith, the lumber
dealer, so he takes the dollar and
squares up his account with Smith.
Smith now has his dollar back. Brown
has been able to pay his plumbing
bill, Jones has squared up with the
printer, and so on, all around the
circle.