davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-09-12

authorities closed tho exchange for
several days.
Tho mark will buy moro goods and
services In Germany than its exchange
value indicates. For example, return
Ing tourists cite the relative cheapness
Of taxi service in the new republic
Tho cabs use tho same meters that
were employed in pre-war days, when
the mark was worth 23.S cents. Now,
with marks deprecated. the drivers
multiply tho amount indicated in the
meter by nine to twelve times, instead
Of twenty.
Tho United States government has
taken official cognizance of the falling
cost Of credit. In the Treasury's latest
financing the Offering of 5000, 900, 900
Of three-year 51A per cent notes, ono
year 5A pcr cent certificates and six
months per cent certificates, the In
terest rates are "a of per cent less
than tho>> of the last previous Treas
ury undertaking. Tho lowering Of the
rates was not unexpected. The bank
ing community had been looking for
such development, for It has been In
creasingly evident that the cxtraordi-
nary improvement in general credit
conditions must in time force a COM
plete realignment of the investment
market. The belief that interest rates
must In the course Of the next few
years fall much lower is corollary Of
tho general feeling that the long pull
trend Of all investment securities is
upward.
Tho bond market reveals excellent
powers Of absorption. After having a
rest from new issues during most of
August the market is now being called
upon to take substantial amount of
new offerings. Such notations as have
been fioatcd during the last week have
gone we'll. Investors appear to be
eager to buy high coupon rate bonds,
where the margin Of security is ample
and most Of these securities Of recent
Issue have gone to substantial pre-
MUM. As to maturities, the market
Is still favoring long-term bonds for
permanent investment.
The flow Of funds TO the interior is
Increasing. Tho statement Of the New
York Reserve Bank last week dis
closed this interesting drift Of bank
ing funds away from New York to meet
tho needs Of the districts where crops
arc now moving to market. Call money
was in liberal supply the first part Of
last week and loans were made in the
outside market at 4 per cent. AS the
week closed, however, tho loss Of funds
to tho interior reflected in hardening
in the ratio to 5h per cent, This week
the money market will be affected by
the increasing demands for funds In
cidental to the payment of the third
installment on account Of Federal
taxes, due September 15.
New-York tribune., 1921-09-12

stocks and commodities started.
The temper Of men at the market
place was plainly different from what
1t had been less than three weeks ago,
before tho decline IN stock prices was
checked. In place Of blueness, there
was q disposition to perceive tho IA
vorabie aspects Of tho situation.
Yet, withal, despite an increased pub
lie participation, the initiative for stock
movements seemed to remain largely
in the hands Of professional specula-
tors. Floor traders and other regulars
changed their position. The altered
view was signalized by the public
statement by Jesse Livermore, who Is
credited in Wall Street legend with
sleadership at the market, that defa-
tion had run its course.
The turn in cotton, which started at
least a week earlier, was a powerful
influence in the stock market. Cotton
continued to make net gains for the
week, although severe reactions took
| Pl~So VA w c0uSSuay anu AuuTSQay.
Recent history in the cotton market
reveals in classic manner the natural
correctives operative In the world Of
economics. IN the last year cotton
quotations sank SO low that farmers
In the South were bcreft Of incentives
to plant a bumper crop, particularly
since the holdover from last year was
large. Nature co-operated In the ef-
forts to curtail production. As re-
suit, the government reports an un-
precedentedly short crop. Hence, specu-
lators, foreseeing a shortage, bid up
prices about 100 per cent. If any con-
siderable share of the increase Is held,
Southern farmers will be encouraged
to increase production next season and
prices will react from abnormally high
levels. The optimist will remark that
"all's we'll that ends WE'LL" but the
critic will complain that tho process
of adjustment Is irrationally severe.
Professor Irving Fisher was quoted
in 1919 as remarking that those who
spoke Of prewar prices were talking q
dead language. What happened TO the
quotations Of some commodities dur
ing the last year Of downward reaction
was somewhat In the nature Of resur-
rection.
Tho decline Of the German mark 70
the lowest level at which IL was ever
quoted during the last week can
scarcely be surprise to vigilant on
lockers. Before reparations payments
were made German currency, created
by the fat of the printing press, was
wholly out Of relation to the gold cover.
Initial indemnity payments to the Al
lies involved borrowing, and the strain
is beginning acutely TO be reflected in
the exchange value Of tho mark. Ger
mans anticipated this development by
attempting in recent weeks to convert
marks into securities and tangible
property. The fight from the mark
became so intensified that the Boerse
New-York tribune., 1921-09-12
The Trend IN Finance
Speculative Sentiment More Optimistic as Rise in
Security Quotations Continues; The
Example of Cotton

THE ticker continued last relate
quotations for securities the financial
the becong cheerful ingenousy
afoat speculative
prices for security
the resumption dropped
early the fall of 1919 the squeezing
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1921-09-22

of business, or pass into the control
of the Standard Oil.
"The question is asked why can
not the independent producers ship
their oil to eastern and southern
markets? The answer is that the in
terstate commerce commission has
raised freight rates so high that the
shipping of crude oil any distance is
impossible. The members of the in
terstate commission are appointed
by the president, but at whose in
stance and request we do not know.
"The Standard Oil controls all of
the leading interstate oil pipe lines
in the United States. These lines are
made common carriers by law, but
under Standard Oil regulations have
been used almost exclusively for the
purpose of transporting oil for the
>benef and use of the Standard and
its subsidiaries and associates. The
ipe line companies have the right
of eminent companiesTAOIN HRD
of eminent domain-the, right to
condemn, run through the farmers
land and take it for what amounts
to their own private use. And now,
in order to further help the Stan
dard, it has been proposed that these
lines be exempted from taxation.
"Does the Standard deserve al of
these special privileges and rights be-
cause of the interest it has mani
tested in the welfare of the whole
people? The Standard Oil fixes and
controls the market for raw material
and fixes and controls the market for
the manufacture of refined products.
BY such control of its business, it
enabled to make 80 to 75 per cent
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1921-09-22

er year profit on the capital inves-
ted, after deducting liberal allow
ances for depreciation and all other
losses. The men who have had CAPT
tai invested in the Standard Oil have
grown fabulously rich. 1t is said
that the founder of the Standard Oil
company, Mr.. Rockefeller, owns a
larger interest in the various Stan
dard Oil companies, than any other
man or corporation. What do you
suppose is the estimate of John ID.
Rockefeller's wealth Harry H.
Klein, in the New York Times of re-
cent date, gives the amount of
Rockefeller's wealth to be two bill
lions, four hundred million dollars
(2,400, 000,000). Think of it. Con-
trolling the market price of raw ma
torial and of the manufactured or
refined products has enabled him
during lifetime to amass wealth
greater than that of anyone of many
nations of the earth 1t is said that
Mr.. Rockefeller owns 100000, 900
in railroad stocks. Would it be vio-
lent to suppose that the Standard Oil
with all its multiplicity Of corporate
interests could not and would not
WELD a powerful influence in the Sc
laction Of tho ;ntarct,+a oor,,,,;e
'-'hich fixes freight rates and passen-
ger rates. 1t is immaterial to the
Standard Oil whether other bust
nesses of the country are prosper
Gus. It can get the desired profits
through adverse las well as prosper
Gus conditions.
ut is said that the Standard Oil
now owns and controls majority
interest in the oil pipe production
business, the oil pipeline business,
the refining and marketing business,
he leading coal mines, the iron
mines and steel Of the country, the
breakfast food industries, the lead
ing candy factories and the leading
mail order merchandise business of
the United States. All of which are
affording it great profits. The indie
nendent oil man. the farmer and the
stockman and the day laborer does
MT fix or control the price of that
which he sells, and does not fix or
control the price of that which he
must buy. He is dependent at each
md of his business.
"How much longer will it be until
the standard Oil owns and controls
the balance of the business of the
country?"
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1921-09-22
WHY STANDARD OPPOSES
IMPORT ON CRUDE OIL
President of Kansas Oil & Gas As
sociation Asks Pertinent Ques-
aion-Scores Freight Rates

"How much longer will it be until
the Standard Oil owns and controls
the balance of the business of the
country" says w. H. Sproul, presi-
dent of the Kansas Oil & Gas Asso-
citation, through the Sedan Times
Star.
The following is his statement in
part:
"Why do the Standard and SIM
clair companies oppose an import
duty in this country and an export
duty in Mexico on crude oil? 1t is
because those companies own and
control from 60 to 80 per cent of the
big oil production in Mexico, and
own and control the big Gulf and
Atlantic Coast refineries where this
Mexican crude oil can be refined,
and can be supplied without compe-
tition, to big market, both for gaso-
line and fuel oil. The supplying of
all the southern and eastern markets
with Mexican oil destroys large
part of the market for the Mid-Conti-
nent crude oil and its refined pro
ducts, causing the markets for Mid
Continent oil products to diminish
until oil properties may be purchased
for a small per cent of their real
value. The untaxed Mexican crude
means that many of the independent
refineries, which are competing with
the Standard Oil will have to go out
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1921-09-22


Melvin J. Wheeler attended court
ut Beaver City, Oklahoma, Tuesday.
Mrs, G. S. Hadley of near Hooker
was in the city the first of the week.
Walter E. Feekle of Colorado
Springs is visiting at the W. G..
Young home this week.
Roy Wommack and family left
Wednesday afternoon for an extern
ded trip in Colorado.
Mrs. H. R. Coob of Gray Okla
homa had her tonsils removed at a
local hospital Friday.
Equity in Liberal property. Will
sell or trade for good car.-Phone
1928. 14t1c
Nv. and Mrs. F. S. Hostom of
of Hooker, Oklahoma. were shopping
and visiting in the city Monday.
Miss Jane Rice, milliner at Cor
n'an's, vas a, visitor in Wichita, Sun
day, returning that night.
Mr.. and Mrs.. George Davis and
Nv n"~7ed through here on their
vay t. Guymon Tuesday.
Miss Rrth Wright came up from
Tr1one and spent Sunday with her
mother, Mrs. N. !. Wright.
Mrs. H. M. Powell, who has been
sitting at the J. P. Patten home, re-
trrred to her home in Guymon, Wed
Eesday afternoon.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1921-09-22

Melvin J. Wheeler attended court
1T Beaver City, Oklahoma, Tuesday.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1921-09-22

Mrs. G. s. Hadley of near Hooke
was in the city the first of the week
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1921-09-22

Walter E. Feekle of Colorado
Springs is visiting at the W. G.
Young home this week.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25

Mr.. and Mrs. Y. ~. McAtee had as
their guests III dinner Tuesday even
Ing. the Rev. and Mrs. G. r. Deal.
Miss Irma Deal. and wilder Deal.
The school board has recently In
stalled an eieciric range for the use
OF the lady's, teaeherage.
a large amount Of clothing was
collected on bundle day for the Near
East Relief work.
Mr. and Mrs. y. A. voorhees, Of Ed
gar. Nebraska. are visiting their dau-
ghtsf. Mrs o. G. Johnston.
The cooking and canning demon
stration teams are busy nov getting
ready for the fair
Miss Esya McDayitf Is spending
ten days al Yellowstone park with
party Of people from Twin Fails
Miss Lennia Hart Is expected 10
arrive the last Of the week She has
been visiting Ia Kansas aud Illinois
this summer
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25

weather forecasts for months ahead
WIN be possible within few years as
a direct result % solar observations,
n NJ Stewart. assistant director OF
The Dominion observatory, told the
ROYAL Astronomical Society 81 Canada.
The sun T. the great Influence over
varying weather conditions on the
earfh. and recent observations Of II
nave led 10 the belief that observe
tories will be abIe 70 predict With ae-
euracy the general trend o. weather
FOR six months or even a year ahead.
ne said.
TO be able 10 foretell the amount
n precipitation and the general
temperature for several months 10
advance may take 80 or even 100
Yenr. OF observation, he added. but
expressed the confidence Of the OBJ
seryafory that this end would DO
reached.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25
German ~rherovohns.s."

Max Walter. head OF boys train
ing school IN Frankfort. tells the fol-
lowing story by way Of Illustrating
German thoroughness
A venerable teacher In one OF Ger
many's preparatory schools was dis
sr=essdy smbllas sb0a, hts study one
day when he noticed stray piece OF
paper. Picking Il Up he saw that u
was Latin composition from one OF
his devoted disciples.
On looking at Il mers closely he de-
feeted an error which he had over
looked. Seating himself az his desk,
nc dipped bis pen Ia good red Ink and
made the necessary correction. He
then folded the paper into a neat
roll. stuck Il Ia the Ore, and with IL
lighted his pipe.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25

The Belgian government has hit
upon novel scheme OF teaching the
farmers Of the country better methods
OF farming. says Motor The Idea OF
school for farmers Is not new. but
the Idea OF taking the school 10 the
farmer by means OF a motor caravan
ls certainly novel The school build.
lnx consists OF three nnita, one pow
eyed with a gasoline motor. In short
building section on a motor truck
with this powered unli 20 two trail
ers and the three rolled Into position
and Joined together makes the com
nodious aud convenient classroom.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25
q. y. BEA~sH OTIS 81 M.
WHEAT PER ACRE WITHOUT
wATEH ~ HONEDAlE DIST.

The follo~inx received BY The
Record yesterday from c. D.. Beam
or. Homedais. idaho. Il seif-espla-
natoryi
'Sotieing some OF the wheat
ylSh. In the FILLER vicinity reported
ia The Record. VIII give you one
from here. Just finished threshins
thls afternoon. a patch OF seven nc.
~ With a yield Of 81 bushels per
acre This was piekio- variety. and
not irrigated even once Nest
Mr.. Bssmsr 10 a brother OF ID. l..
Besmsr. This Il his second season
10 the Homsdals section. haylRs
moved from here early last year.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25
VILLAGE OFFICIALS INSPECT
FtHE APPARATUS OFFERED
FOR SALE BY CITY Of ELho.

A COMMITTEES Of the village
Board composed OF T. n Smith.
Grover Davis zad L. ID. Allen. street
and wafer commissioner. together
with Jack Johnson and J l.. I'd
yards. made a trip 10 Eiso. Nevada
saturday evening In the iatter's car
Thay returned home Monday b. way
~ ysrblase. The trip vas made pri-
marsly fer The purpose OF having the
vfllax. officials inspect the IRE
track and apparatus OF the city OF
Rlko. whlch Il offered for sale A.
pier Il IA the market Tor fire
truck Of some description the inves-
llsatlon vas made With a view OF
sosslble purchase IN" report OF
he eommliies ~iil be made a. the
ns1t meunx Of the Village Board
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25
IN THE PROBATE COURT

III TWIN FALLS W. y ' ADt's*'
IL THE MATTER OF THE ESTATE
OF Sarah j. Dryden, deceased.
NOTICE OF TIME APPOINTED
FOR PROVING WILL. ETC.
Pursuant 10 an order OF said
Court. made on the gath day OF Aug
ust, 1921, notice is hereby given that
Friday, the 9Th day OF September.
1921, al 10 O'Clock a. m OF said day.
at the Court Room OF said Court. at
the County Court House, In the City
OF Twin Falls. County OF Twin Fails.
State OF Idaho. has been appointed as
The time and place for the proving OF
the win OF said Sarah j. Dryden. de-
ceased. and for the hearing or the
application OF A. O. Madland. for
the Issuance TO him OF letters tesla
mentary with will annexed, when
and where any person Interested may
appear and contest the same.
Dated August gath. 1921.
o. p. DUVALL,
Probate Judge and Ex-Ofrieio Clerk.
w. ID. GILLIS,
Attorney for Petitioner.
Residing at Filler, Idaho.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25

pseasse Of aa omission In the SO
elsl item appearing In iast weeks
paper xivinx an account Of dinner
given at the homs OF Mr.. aud Mrs. y
u. RIPLEY the previous "Wednesday
evening. Record readers failed 10
learn that the Number OF ssxehens
used at tho haxs dinnsr totalied
steven. This unusually large nam-
bsF was act too many Tor the gath
sflns of Ripley rsistivss. who great
~ saioysd the hospitality OF their
hosfs.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25
= go y y = y = = = y =
MAROA NOTES /.

Threshing Is the order Of the day
In this community.
Pupils who expect 10 be ia school
the coming year are asked 20 be at
the school house Monday morning
august zs) at tea O'Clock This
netting Is for the purpose Of getting
the book question settled az nearly
as possible before school starts. II
there are any old books to be dispos-
ed OF they they should be brought
at this time.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25

Funeral services for Jean Lorain
Wallace. two days old daughter OF
AIR. and nrs. r. l.. Wallace OF Filler.
who died At the county hospital last
Thursday. vas hsld Friday after
noon from the orossmsn chapel In
Twia Ssiis. iassrmsnt was made In
the Twin rslis csmstssy. Mr.. Wal
lace 10 sapsrtssssdsns on the con
siractsoa vork being done By the
Phelps Construction Co.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25
IoMA pIcNIC suNpAY

EIrhty-one persona attended the
first annual picnic Of former resi-
dents Of Adair county. iowa. at the
Bevereombs grove northeast OF I'll
er. sunday afternoon. A basket din
nsr was served followed By a series
Of entertainment features.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25

John Lundln OF ALAMEDA. Colo.
has purchased thru the Ripley and
Timm real estate agency. the eight.
acre tract Of land adjoining the In
corporation on the north. which was
The property Of the caddy estate.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25

accompanied BY BIS a4aEhtef. Mar
son Mr. Phllby Il cashier OF the
Wayne County Bank At shoies. The
condition % his mother. who Is az
flfoted ~lth dfoDsy, shows 40 IN
orovamsnf this morning
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25
Nha dsa...

thursday. August 81. 1921
Grain.
Wheat No I ..-....-..-.--.-----.-- $3.50
Produce
Potatoes Immediate delivery --l-5O
Ranch butter Tin frade) ....-.----- s5c
Butterfaf ..--.-.---.-..-.....----.--.--.. ste
Eggs. tin trade) .....-..-....-..-.--.-.- 25e
Livestock
Sheep yearling lambs 5 cents.
Cattls-COws. SC; steers, &c; veal,
z cents.
Hogs-prime. cents.
Poultry-Chickens 1Sc.
Young chickens. zoe.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25
wArEnnrLoNs ron saLr

Al first place west Of John cour-
ley ranch ia snake river canyon. ~
cents n David Mccomb 2t-tf
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25

W, x fhuby. OF sAolss. N.br.. l.
here In response TO summons adyis-
ias him Of The serious liIasss Of his
mother. Mrs. y. y. Phllby Ne IL
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25
A Oranary You Can Move
and Save Time & Money

The Boise Payette Portable Granary can
be drawn to any part of the farm, and there
fore il Is highly economical. When the
threshers are in action in the field this gram
AIRY will save q lot of your time and the use
Of high priced sacks. It's an inexpensive,
convenient and practical way to handle
grain.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25

Our knowledge of the needs of farm,
combined with our experience in all phases
Of building. has enabled us to design a gran
airy that will give long and satisfactory SER
vice. lnter~locking corners and heavy slids
are features Of this strong granary.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25

81 inches wide. . quality which sold year
ago at soc per yard. this fall at the exception
al low price OF i5e per yard In wide range OF
eoiors and patterns. stripes. checks aud
plsids. extra weight cloth. This quality sug-
kests ITSELF for warm outer garments where
comfort and durability 10 desired
NOW selling AZ ......-............... foc per I'D.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25
"Wooly Boy" Boys Suits

These boys clothes are manufactured and de-
signed for the great majority OF boys. who
their best Mothers also look for these quail
tiles in boys clothes The clothes with the
"ls FEATURES" Come in and let US tell
you about them.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25
NEW OUTINGS FOR FALL
Standard Outings in Light
Patterns No. II Fancy
Light Outings


3e inches wide. aud more desirable. cutting
TO better advantage. Hight coiorsd stripes
medium heavy weight. suitable for undergar-
ments Now selling At. ..-i7hc per I'd.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25
EASY TO BUILD

We will furnish free of charge complete
drawings and specifications for the kind and
amount of lumber TO be used in the construc-
ton Of this portable ~ anary. II can be built
in any size best adapted for your own pur-
poses. Simply constr lcted-quickly built.
Come in and talk over this economy with
our sales manager
Jsmes Mcmahon, So ,es Mgr. Filler Yard
Boise Payeite Lbr. CO.
The Filer record. (Filer, Idaho) 1919-1930, 1921-08-25

Are tested shoes. And no other line OF this
kind gives such durable. economical service
under hard wear. Boys and girls like Tess
and Ted" shoes because they have the right
amount OF snap. Parents like them because
they are correctly designed to protect grow
ing feet and they keep the shoe bills SMALL
Err. Ask to see them.