davidaulloa/AmericanStories huggingface dataset:
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1921-10-13

FOR RENT-Fall pasture for band
of stock, alfalfa and ditch banks
with water. P. L. Polk. Phone 285R2
adv. 83tf
The Washington herald., 1921-10-19
PHILADELPHIA PRODUCE.

PHILADELPHIA. Oct. Is.-Butter
creamery, fancy. high
scoring goods, 4sa51c: extras. 4sc
ertra frsts, 45a4oc; frrsts. 37a40c
seconds, s2a35c; fancy brands of
prints jobbing at 6oss2c.. and fair
TO choice. 52a5sc.
Eggs-Nearby. extra firsts. SIC
firsts. Sic: Western. extra frsts, SOC
firsts. 4sa49c: seconds, 36a4Oc: in
ferior lots lower: jobbing sales aot
fancy candled fresh eggs, 64a55c , fair
to choice, 5sa63c.
Live Poultry-Fowls. not Leghorns
fancy. fat. yellow-skinned. weighing 5
lbs. apiece and over, 32a3Ic.: medium
quality. 2sa3Oc: inferior. 2la25c.
Fowls, white Leghorns, good quality,
22a24c; do. do. thin, 20a2Ic: spring
chickens. fancy. yellow-skinned. Plym-
outh Rocks. 26a2Sc: spring chickens,
not Leghorns, medium quality. 24a
csc: spring chickens. not Leghorns,
inferior. 2oa22c: spring chickens,
Leghorn. good quality, yellow skin,
22a23c: spring chickens, Leghorn,
inferior quality. 1Sa2lc: old ROSTERS,
l6alsc: ducks. white Pekin, 24a26c
do. mixed ooIors. 22a2Sc :; geese. 22a
23c: pigeons. per pair. old 35a4Oc ;
young. 25s30c.
The Washington herald., 1921-10-19
DISCOUNT AND INTEREST RATES
DECLINE SLOWER THAN PRICES
Federal Reserve Discount Rates Slowly Fol-
low the Trend to Cheaper Credit.
ta, TA. ws.Alnsten Herald EeosomI.t,

the high interest rate and high
prices arrived together.
On agricultural and livestock
paper, most of tine banks contained
a rate OF Ia per cent on January
u. 1920, three banks asking 5 per
cent and two banks 5 Ia per cent
During January and February all
the banks advanced the rate to 6
per cent and by June Z, four banks
bad advanced the rate to z per
cent. The Atlanta bank followed
with an advance to per cent in
November. This advance to the new
rate was also coinci6ent with the
arrival at the peak of high prices IN
June.
From June, 1920, until May, 1891.
Just about "a year. came the defia-
ton in prices, with the Federal re-
serve discount rates still at the 6
per cent level 'cn June l, 1921, as
shown by the table below. Whether
these higher rates were effective In
driving down prices more rapidly
than they otherwise would have
gone, and also, whether a prompt
reduction in discount rates would
have checked the decline in prices,
are questions that can never be
satisfactorily answered to all con-
cerned in the controversy. The pur-
pose here is merely to point out
the changes in interest rates with
relation to price changes to discover
whether or not We have reached q
relation TO pre-war levels in inter-
est and discount as we have in
prices OF certain commodities.
A review of discount rates In the
central banks Of the leading coun-
tries Of the world shows that the
changes in rates began to occur a
little earlier than in this country. In
England the rate was increased
from 5 per cent to per cent in
November, 1919, and from s per cent
to 7 per cent in March, 1920. In Bel
GUM there was a reduction in. rates
from 5 per cent to 4 per cent in
June, 1914, then an increase, to 5 LIZ
per cent in April, 1890. Rates be-
gan to go up in Spain, Norway and
japan before the first Of 1920. They
also showed a tendency to decline
early in 1921.
There have been numerous discus
sions of the question as to whether
the changing of discount rates by
the Federal Reserve system is sur
ficiently effective as credit controi
to change general price levels. None
have been very satisfactory because
our reserve system Is not old enough
to determine whether recent expert
ences are typical. The opinions Of
experienced fnanciers differ as to
the rates on call money and COM
mercial loans, and It is not surpris-
ing that they should differ as to
the effect Of the fixed rate OF dis
count on the credit supply.
As is shown by the former table.
interest rates on call loans are still
about 175 per cent of the 1918 aver
age, while on commercial paper.
they are down practically to the
pre-war level. On the other hand
the rates for Federal Reserve Bank
discount are still considerably above
the 1913 level, although the Fed
eral Reserve ratio has improved
greatly and is now close to 70 per
cent.
The Washington herald., 1921-10-19
BALTIMORE PRODUCE.

BALTIMORE. Oct 1s-Bstter-
Fancy creamery. sse; choice cream.
cry. tsssse; good creamery, s1al.e;
blocks tsstsc: nearby creamery
prints. tsasic; blocks. 4saIse: near.
by creamery. Slate; ladle. soasze.
Maryland and Pennsyivaaia roiI,
asa17e; store packed. zbazsc; MARY
land. Virginia and Pennsylvania
dairy prints. zsa3oc; process butter.
Eggs-The wholesale dealer, ,aa
la1c 20 the following quotations for
jobbing lots; Maryland and Penn
sylNania and nearby .frsts ISc.
WesfeEp high, grade, 47c: Western
average receipts. 5se: West Virginia
hrsts. 4ecs southern frsta. Ssatee
Live Poultry-chickens. old hens
lbs and over. 26az7c; medium. 2 "a
lbs. 2fazsc; smaller. zOazlc: wbite
Leghorns. z0a2le; old roosters ia
i6c;, sprtngers. large zbaz6c; rmsIl
10 medium. 2baz6c: white I.sghorD.
~ lbs and over. 23c; smaller SO
Geese. nearby. soc; Western. sc
Turkeys. young, 9 ibs and over. toc.
smaller. 55c; old zee Ducks NJ,
.eoyy and mongrel. young. 2la2zc.
white Picking. young. 2Oag7c: pua-
die. young 24a25c.
The Washington herald., 1921-10-19
DEEDS OF TRUST.

So 1870, lots 80, 49, 36 and 81.
50 1868. lot 37-Mary e. Morgan TO
George NJ. Emmerich ana Hermann
II. Bergman TO secure Wash.'6 per
cent Perm. b. A. $1.5O0.
So 1921, lot 39--Minnie Griebel to
Harry b. Pitts and Morton ]. Luchs
to secure Ada NJ. Rhodes $500. One
year z per cent sa. S
So 1878, part lots 1873 and 49,
Ella T. Schneider to George VI,
Emmerich and Hermann H, Berg
mann to secure Wash. s per cent
Perm. B. a 81 1000. "a
So 1888 lot 2i3-Charies a. Bar
nard ct ~ Frances T. to Wash:
Loan and Trust Co. TO secure Equtt-
able Coop. b. A. $500.
So 1910, part lot. 27--H Harvey p.
Daniels ct ux Susan c. to Charles
Kattlemah and Edwin Cathrie to
secure Burton and Janette l.. Maca-
Zee $500. Monthly payments, rate
OF interest not stated.
So 1898 part lot 133-Isueinds r.,
Lewis to william y. Wire and
Henry W. offutt to secure Ella Nj.
T. Wire s1.100. Monthly payments
per cent.
So S116. lot 44--Thoms }. Owens
et ux Eleanor d. TO Warren Coch-
ran and .. NJ. Lockwood to secure
William T. puvali s1.22g.sO. MONTH
~ payments s per cent
Sq 27o4. lot z7--Amandeus e.
Peter ct ux Elizabeth A. 70 George
NJ Emmerfch and Hermann II.
Emmerich and Hermann H. Berg
The Washington herald., 1921-10-19

The changes Of interest and dis
count rates in the United states and
also in Other countries in relation
to general economic conditions form
an interesting study. Now that
decline has set in in rates through
out the country as reflected by
lower rates for call money in New
York and numerous reduction OF
rates by reserve banks, IT. Is timely
to inquire into some of the rela-
lions of discount and interest rates
to the general condition of business,
Interest on call loans, compared
with commercial paper, showed diff
ferent reactions to the boom of
1890. As shown by the following
table the rate on call loans In New
York City reached It's maximum In
February. 1920. Since then reduce
tions have occurred In series OF
waves at intervals of three to four
months. On the other hand, COM
mercial paper interest rates made
smaller variations but increased
steadily to the end of November
1890, since which time there has
been practically continuous de-
cline In rates. The heights to which
speculative business and desire for
expansion arose in the early part of
1920 is well illustrated in the high
rates on call loans, which arose in
1890 TO over 900 per cent of what
they were in 1913.
The Washington herald., 1921-10-19
COFFEE MARKET.

8 NEW YORK, Oct. Is. - Coffee
prices rose to slightly higher levels
today, owing to a fairly spirited
demand from trade interests.
Sales on the call were at advances
of 3aS points, December contracts
tagging because about 5000 bags
were offered In liquidation, mainly
by one Walr Street house supposed
to be acting for European holders.
Subsequently this pressure relaxed
and December fell into line with
March and May. Net gains then
ranged from to points, the more
remote deliveries, being neglected.
The good demand from trade
houses was ascribed primarily to
the decline Of 400 refs in the dollar
buying rate in Rio. while the rate
on London was Lied higher at
8 3-16d.
Later these factors were aug
mented by reports that firm offers
were l5a25 points higher. In fact,
one shipper was alleged to be ask
ing hc more. The offers included
Santos IS, part Bourbon, at 1145a
1i.75c; Is IS at 11.25c. and very
highly described Bourbons IS at
12%c.
roa.,,x
The Washington herald., 1921-10-19
Interest Rate. at New York.

The changes in discount rates by
the Federal Reserve Bank began to
be made frequently in 1920, since
early in the year rates were marked
up to levels which remained practI-
cally undisturbed until well into the
year 1921. Previous to January,
1921. there. was very little varia-
ton between the rates of the diff
ferent reserve banks. but the
changes in adjustment OF rates be-
ginning in that year soon threw
them. out of line and produced a
complex situation.
The time when these changes
were made is important in con-
nection with the discussion of the
question as to the effect of Federai
reserve rates. On commercial and
Industrial paper all of the reserve
banks except two had a rate of ~
per cent on January l. 1920. Two
banks, Kansas City and Dallas, had
5 per cent. During January this
rate was increased to per cent.and
by February the rate for. all of
the twelve banks was uniformly 6
per cent. In June four banks went
to Z per cent and in November one
other added an increase to this
level 1t will be noted that on this
commercial and industrial paper the
advance in rates came early in the
year. which was almost exactly the
peak of prices Of both raw materials
and consumers goods. Therefore.
nis.onT p.4.. 4
The Washington herald., 1921-10-19
ERRATIC MOVES
in COTTON MART
Trading is Mixed With Lower
Tendency Being Dis
tinctive Feature.

NEW YORK. Oct. 1s-sha
with mixed trading but
with a still lower tendency were the
distinctive features Of the trading and
the days events in the cotton marke,
There was a very violent decline in
prices for both spots and futures on
the Liverpool market during the early
trading there from general Iiouida-
ton with sentiment disturbed by the
German financial situation and the
reports from this side concerning the
prospect Of a general railroad work
ers' strike. Middling cotton there went
on % English points to the new Iow
IeNet Tor some time past Of I1Ld n
pound with today's spot sales only
o'OVO bales. The market there for
FUTURES were due to have sustained n
1eclne OF II to % English points to
nave met our late break of yesterda,,
opened weak with declines rangins
from Do to so points. Before our mar,
ket opeped for business after this was
recovered on general covehing Of
shorts there on somebody cabling
over that our governments policies
would prevent any general railroad
strike. This was followed by a fnr-
Their violent rally under which that
market left of strong at the top at
Il to 20 points net advance on the
day.
Our market followed to some extent
the cratic fluctuations at Liverpool,
There was a weak opening here at
about 10 to 20 points decline from
yesterdays closing quotation. with oc-
tober selling at 1915. December 1925.
January, 1904, March 1888 and Nav
In cents. This was followed by an
abrupt sharp advance ranging from
30 to so points under the lead of
December, which shot up to 1874 cents
before the end OF the second hour as
against 1874 cents for October, jan
uary ,1S.43 and March 1888 and MAY
1850. This was due to active cover
ing Of shorts and some local traders
buying back the cotton contracts
1iquidated on. the break late yester-
day and early this morning on Liver
POOLS strong closing advance.
The Washington herald., 1921-10-19
PRODUCE MARKETS
WASHINGTON PRODUCE.

c.....t,- $500 xa.. .vsrar.
'Ss
receipts, 4sa4sc: tsouthern' ttafse-
Poultry, aIive-Rooste h. isc;
,,-rsv. m soatac. chickens.
,...s..
spring 10 zsasvc' mems ~ -s--se'
keats, young. 5oaeoc. Dressed fowls
s2a35e. fresh-kIlled spring chick
...s a.. .t.sao.
"s' 'o'
Keats. young each .seafse.
Livestock-Caives H.. izal2he:
lambs. choice, H.. Sasc. hogs, sac
Livestock-calves. H.. 12ai2 y c:
lambs. choice. H.. SAGE; hogs. Slsc.
fHUtTs AND VEGETABLES
tcompIIes by the a. s. Bureea Of
Markets and Crsp EstImates.l
Sales FROM wheIesaIers 90 RetaiIers.
Apples-Barr.is. yireanias and
West vIrrinias YorL imneriais No.
Il, hest. ssa9. poorer. s7a7.bO:
crimes No. 4, best s1Oall; poorer.
ssas. Boxes. washingtons. Grimes
medium sizes, extra fancy. s3.7sa
q: fancy mostly $3.50: wageners.
combination fancy and extra fancy.
medium sizes. s2.15a5: Delicious.
medium TO large sizes. extra fancy,
s4Isa5; fancy. 34-z5a4-bO: Jona-
thans. extra fancy and fancy me-
dunn sizes. S3.5oaS.1s: small sizes,
tsa5-2b; { grade, medium sizes. $3.50
az. Bushel baskets. yirginias and
West Nlrginlas' YORK imperlals NO.
l.-mostly SIS. New YORK. No. l.
various NarIeues s-eoas
SAoDsEe-NeN lok oA; PEI
cMC' boInestic rouho type' F1-z9a
So tSpe'
Letsucs-SeW iYnk etstes,
COZ. heaos' best Si.zsAi-SV' poorer
'' S. p., -. c.,
.
The Washington herald., 1921-10-19
WHEAT BREAKS TO
new Low AVERAGE
Evening Up of Distressed
Trade Creates Early Bulge.
Weak Undertone Rules.

CHICAGO, Oct 1S-wheat broke
into new low ground on the crop.
A small bulge was made early due
to short covering and evening up
of some distressed trades that failed
to clear this morning but the I'M
dertone was not strong and while
there were reports of export bust
ness in Manitobas and Pacific Coast
grain and buying of December by
houses with seaboard connections
a sharp break came around noon
which carried values of to around
fl.06h for the December or 2m
cents under yesterdays close and
S& cents under the high of yester-
day. Winnipeg was weak and SELL
ing by houses with export ctnnec-
tions. Government report construed
by many traders now as bulIish on
the basis that il consumption con-
tinues at the present rate there is
only l3O.00o.00o bushels wheat re-
naming for export and for carry
over. statistics, however, do not
attract much attention in view o:
weak buying power. Export sale $
Of 100000 bushels wheat, mainly
domestic. were reported at the ses-
sion. Country offerings continue
light, out IN Canada are heavy with
prospects for around 1000 cars at
Winnipeg for tomorrow.
Corn and oats held within reIa.
lively narrow limits with free buy.
ing of December corn at IS cents by
several brokers which checked tn,
decline around that figure. Export,
! ers were after cash corn and bid,
somewhat, firmer as compared with
\ last weeks basis. Receipts show
considerable reduction and tn,
country offerings to arrive remain
light. Trade generally is light ant
market showing rather stubborn
resistance 70 selling pressure.
The Washington herald., 1921-10-19
BALTIMoRE GRAIN.

BALTIMORE. oct fs.-wheat--
Receipts. 7,sa1 bus by car and l42
bus by boat; shipments from eleva-
tors, 14e.ef1 bus; stock in elevators,
37itsss. A sample lot Of nearby
wheat sold at si.os per busheL Car
lot sales; No bred winter garIicky
spot, ,I.os ana si.os: 30. . red
winter garlicky spot si.os: same
grade, B. q O.. s1.o4K: November,
sLosh and sf.0sk; November. No
2 red winter. s1.lS.
Closing prices-No. red winter
spot. Sill; No. 2 red winter gar
licky spot and October, {1.15h: No
yember. ,l.0s&
Corn--Receipts. 1881 bus by car;
shipments from elevators. 7fS bus:
stock In elevators. 5l3.1Ss bus. Track
corn, yellow No. 2 or better. for
domestic delivery. 60c,
Prime new yellow corn for de-
ferred delivery. s2s0a2.so per
barrel. Contract spot. so 3-4c.
oats--Receipts. 1.6S3 bus; ship
fments from elevators. s.65s bus:
stock in elevators, 33o,744 bushels
No. 2 white. 45c asked; No. 3 white.
42Izs43hc..
Rye-Iteceipts. liza bus; stock
in elevators, 1.422.9s6 bus; ship
ments from elevators. 125 bus. No.
2 Western spot. sshc.
Hay-Receipts. 20 tons. Sales gen.
orally at a range of s1sa21 a ton.
straw-No. tangled rye. $3.50:
No. I wheat. s13: No. l cat .(nomi-
naD, Sl4.5oaI5.Oo.
Mill Feed-city Mills winter bran.
per ton. 1oe-lb sacks. s27: Patspsco
mill feed. per ton, In 10o-lb sacks,
SIS; white middlings, per ton. in
s0-lb cotton sacks. t33; same in 100
lutte sacks. $40. These quotations
n re for tohS,fpor lots
The Washington herald., 1921-10-19
Kidney and Bladder
Troubles HAVE TO GO
CIoEEed mp Kidney Deposits are
Dissolved and the Toxins IPOis-
onSD Completely Driven Out
Druggists Told 90 Guarantee &c
in Every Instance.

Your very life" saws nr CHr"'
depends upon the perfect fun"ti"nins
and health Of your kidneys % whatever
you do don't neglect them
DR.. CHrey's famous prescription No.
III known as Marshroot - not r""'in'
mended for everything. but ~ rann"i
too strongly urge its use n you sin'f
from annoying bladder troubles. frequent
passing Of water night and dsy VIII
smartinE or irritation. brick duet srai
ment or highly cOlored urine, bloai'Hs
irritabiIity with loss Of hesh, back. He.
rheumatism or Hny other tende7.' To-
Bright's Disease. Diabetes oF Grave i''
kidney disease in its worst form NAY ~
stealing upon you
Don't wait until tomorrow q" ,~Eu
the use 81 this wonderful pre- rI0tl'n
now obtainable In both liquid and tablet
form IL you have any Of the Hbu'' 'tn.
toms. Kidney and Bladder rroH'.''
don't wear away They will CIV "''"
you slowly. steHIthily and With uu'aiins
certainty.
Never mind the failures OF the past
you even suspect that you are snh!"''
10 Kidney Disease. don't lose o sing
DAY for Peoples Drug StOr"> and ever
Eood druggist has been sUthnrisea u"
return the purchase money On me hr>'
two bottles TO all who state the, Ha''
" ,eived no beneht.-Ady.
The Washington herald., 1921-10-19
Discont Rates In Federal R.,.rv..
Banks lsIs.ls2i,
Republicans Plan Tour
OF Montgomery County

ROCKVILLE. Md. Oct. 1S.-Oli-
YER Metzerott. of Prince Georges
County. Republican candidate for
comptroller of the State. treasury.
and the candidates on the Repub-
hcan country ticket will make an
automobile tour of Montgomery
County on October rs. There will De
no speechmakinb;. but the candJ-
dates will greet voters at humorous
POINTS.
In the evening a big rally will be
heid in Masonic Hall at Gathers
burg. at which Mr., Metzerott and
others will speak.
The Washington herald., 1921-10-19
GREAT FOR ECZEMA
AND ERUPTI0NS
] Guarantee My Ointment, Says
PetersOn-Every Box of 1t.

III you are responsible FOR the
health Of your family" saws Peter
son. Of Buffalo. I want you 10 get
a large so cent box Of Peterson's
Ointment today.
Remember. l stand back Of every
box. Every druggist is authorized
TO refund the purchase price II
Peterson's Ointment doesn't do all
] claim
Il guarantee It for eczema. old
sores, running sores. salt rheunl.
itching skin. skin diseases. as well
as for burns. scalds. cuts, bruises
and sunburu."
Il had 30 running sores on ny
leg for IL years. was In three dif-
ferent hospitals. Amputation WAS
advised. skin grating was tried
was cured by using Peterson'S
Ointment."-MrS. F. r. Root. 2Ss
Michigan Avenue. Buffalo. y. Y.
Mail orders filled by Pelerson's
Ointment Co. Inc. Buffalo. y. Y
For sale by O'DonnelIs OF PEG
pies Drug Stores.-AdV.
The Washington herald., 1921-10-19
CHICAGO LIVESTOCK.

CHICAGO. Oct. 1S-Cattle-Primo
steers. Ss.OOalO.O5: good to choice
heavy stesrs. SS.GOaS so: fair to
good steers. ts.SOas 90: yearlinSs
fair to choice. Ss5Oal215: feeding
steers, S5.50a7.25; heifers, s5.OOa
S25
Hogs - Choice light butchers.
IS 2OaS 50. medium weight butchers
SS.lOaS.6O; heavy butchers. S735a
$40: fair u fancy light. S7.5OaS5O:
heavy packing. S7.OOa7.75: rough
packing. &6-5Os7.OO: pigs, s7.5OaS5O.
Shecp-Native lambs. S725as.25:
Western lambs. ST.75aS5O: feeding
lambs. 25a7S5: Gull lambs. S4.0Oa
SIS: Yearlings. S5.n0a7 90: wethers
s3.SOa5.56: ewes. 2.0Oa475.
The Washington herald., 1921-10-19
Healing Cream
Stops catarrh
CIeEEed Air Passages Opru nj
Onee-NOse and Throat Clear.

II your nostrils are cloEEed and
your head stuffed because Of
catarrh or a cold. get Ely's Cream
Balm at any drug store Apply a
little Of u.ts pure. antiEeptic. germ
destroying cream into your nostrils
and let 1t penetrate through ever
air passage Of your head and men,
branes. Instant relief.
How good il feels. Your head Is
clear. Your nostrils are open. You
breathe freely. No more hawking
or snuffiing. Head colds and Catarrh
yield like magic Don't stay stuffed
up. choked up and miserable. Re
lief is sure.-Adv.
The Washington herald., 1921-10-19
In Mothers Medicine Chest

are standard remedies which have
stood the test of time-remedies
which their mothers and grand
mothers had used before them.
Such is Lydia E. Pinkham's Veg
etable Compound. which for
nearly fifty years has been help
ing the women of this country
to overcome many forms of fe-
male ills: merit alone could have
stood such a test Of time and
won such an enviable record.
ADV
The Washington herald., 1921-10-19
DEEDS AND DEEDS OF TRUST
Published Daily Except Sunday in The Washington Herald

This record is transcript of all deeds and deeds Of trust filed
in the Office Of the District Recorder of Deeds yesterday.
The Washington herald., 1921-10-19
observation-disclosures Could Not
SIeephtNight. Cuticura Heals.

MY baby had a breaking out Of
red pimples all over his body. Dur
The Washington herald., 1921-10-19
Breadstuff Movements

NEW YORK. Oct. Is-The following
shows the movements Of breadstuffs At New
iors today In bushels Of Eraih and barrels
Of AOHr:
Receipts Exports
wheat. ........,........ $4,000, S1s.Ol0
Sorn. .'....''..--....... 1000 1900
oa'S- - ''s.s.. ........ 4.OOO .......
flonr'. ....-............ $1,000 1000
Inc export clearances from the seven
principal ports Of the Atlantic seaboari
New York, Boston, philadelphia, baltimore,
Newport News, Galveston and New OrIeansl
thus Tar this week. as compared with cor
responding day Of last week, have been as
This Last
To-day week week
flour. '...... 9.0O0 1000 81 600
wheat .....,. 1.ls4,OoO 1891, 900 sol. 900
N,.s' '....'.' ......,.. S2.OOO ......
Exports Of wheat from the four ports
CNew York, Boston. Philadelphia and Baiti-
mo We're 1o15.e00 bushels; last year year,
Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1921-06-28

cnauneur tailed TO. carry out my or
ders, and create a diversion. You
will see what happens to people who
fail 90 carry out my orders, in min
ute. v And after that you'll never see
anything again." !:
"Say, he's q dream-that guy" NUT
tered the American. "What pearls
are those he's got?"
:"Tle duchess of Lafnpshiress," whis-
pered; Hugh. Lifted right under the
noseyof the whole bally house party"
;;ig'he four watchers on the.roof glued,
their eyes to the glass. And theisightj
they; saw q moment: or two afterward'
stirred even the phlegmatlc. Mr.. Green.
A heavy door was swinging slowly
open, apparently OF its own volition,
though Hugh, stealing a quick. glance
at Lakington, saw that he was press
Ing some small studs in a niche In
one of the walls. Then he looked
hack at the door, and stared dunn
founded. 1t was the mysterious cup
board Of which Phyllis had spoken to
him, but nothing he had imagined from
her words had prepared him for the
reality. 1t seemed to be literally cram
med to overfowing with the most
priceless loot. Gold vessels of fantas-
tic and beautiful shapes Uttered the
floor : while on the shelves were ar
ranged the most wonderful collection
Of precious stones,' which shone and
scIntlllated in the electric light till
their glitter almost blinded !: the
watchers.
The pearls were carefully placed in
a position Of honor, and for few
moments Lakington stood gloating
over his collection.
-. (To BE Continucd).