davidaulloa/AmericanStories huggingface dataset:
Every evening, Wilmington daily commercial., 1921-11-16
CARPENTER UNFIT TO FIGHT.
French PugIlist Seeks Postpone.
mcnt of Cook Fight.
ey Associated Press to Every Evenir

Carpenter has asked an indefinite
postnonenent ~ his fight with George
Cook. scheduled 20 be held in London.
December 9. The bout had previous =
~ been delayed a week at Carpenters
request.
The French fiehter is reported 20
have broken down under his strenu-
Gus training routine. and physicians
say he Is physically unfit TO fight
Every evening, Wilmington daily commercial., 1921-11-16
OLD SWEDES' TEAM
MEASURES EASTLAKE
Capacity Crowd Attends Church
League Contests at Friends
School Last Night.

Before a capacity crowd of Church
League cage followers at Friends
School gymnasium, last night, Old
Swedes took the measure of Eastlake.
81 to II, while the champion Grace
five. playing in old time form, swamp
ed West, so TO ID.
The score:
Every evening, Wilmington daily commercial., 1921-11-16

Hanover VS.. Silverbrook, Hanover
Church Gymnasium.
st. Paul's VS.. Union, Hanover
Church Gymnasium.
Saturday.
Epworth VS.. st. Stephens, Y. Nj. c.
A. Gymnasium.
First-Central VS.. Second Baptist, Y
NJ c. A. Gymnasium.
Every evening, Wilmington daily commercial., 1921-11-16

or parch your throat. Both
are cut out by our exclusive
patented process. So, just
pass up any old idea you may
have stored away that you
can't smoke a pipe! We tell
you that you can-and just
have the time of your life on
every fire-up-if you play
Prince Albert for packingl
What P. A. hands you in a
pipe it will duplicate in a
homemade cigarette! Gee
but you'll have a lot of fun
rolling 'em with Prince Albert;
and, it's a cinch because PA.
is crimp cut and stays put!
Every evening, Wilmington daily commercial., 1921-11-16
Germantown
Friends
wardenbur
CHURCH LEAGUE.
First Division,

First Division.
First Central defeated Cook-nan 3
out Of S games at First-Central. ard
took the lead in the Church League
last night. Score:
First Central o.. Il 21 II s 2i--3
Cookman .... - I3 81 II 1T-2
Players: Cooknan--Berry. Lynch,
Barrett, Stewart; First-CentrsI: c.
Woodbridge, Tuft, Swearer. Shelton,
X. Beeson.
Sixth Division.
EIsnere the leaders II the sixth
division. took a tumble last night,
when First Central took them into
camp five straight games. Wilson
was high with four ringers. Tho
score:
First Central o.. 21 q 2f II 21-5
Elsmere ...... 10 Is 1e-0
Players: Elsmerc-H. Jones. Steel,
L. Beeson. Shoemaker; First Central.
Palmer, r. Woodbridge. Wilson, Sim
mons.
Every evening, Wilmington daily commercial., 1921-11-16
Tower Hin (2)
l lr>ullne f3)

Goals were scored as follows: First
half--For Ursuline. Miss c. Buckley.
!. Miss T.. Buckley, l. For Tower
Inn. Miss Ann Marvel. l. Second
half-l'or Crsuline, Miss n. Daley
For Tower I'm, Miss Marie Marines.
Every evening, Wilmington daily commercial., 1921-11-16
CHURCH ATHLETIC LEAGUE
CALENDAR FOR WEEk
BOWLING-730 p. NJ.
Thursdav

Westminster VS.. Goodman, West
minister alleys.
Emmanuel VS.. Eastlake, Y. M. G. a
alleys.
Friday.
Snverbrook vs. Brandywine, Y. NJ
&c. A. alleys.
St. Paul's VS.. Grace, Westminster
alleys.
n&CEETn(J (JV-G u NJ
Every evening, Wilmington daily commercial., 1921-11-16

Every day someone VIII lose some
thing OF value.-Many use the class
flied columns OF Every Evening and
get the lost articles returned.-Others
count II loss and are satisfied.-Adv.
Every evening, Wilmington daily commercial., 1921-11-16
FIRST CENTRAL BY 100 PINS,

First-Central defeated ST. Steph-
ems at the y. NJ. C. A. alleys last
in a Church League match. 2297 to
2l97.
Every evening, Wilmington daily commercial., 1921-11-16
LOCAL QUAKERS IN
DEFEAT BY. RIVALS
Germantown Friends Win SO
Victory and WiImingtonians
Lose Lead.

Philadelphia. Pa. Nov. LITTLE
Wilmington Friends School soccer
team went down 70 defeat here yester-
day, before the Germantown Friends
10 o. This is The first defeat for the
Wilmington team this season and IL
means the LOGS of the league lead.
The lineup:
Erf.nHe
Every evening, Wilmington daily commercial., 1921-11-16
OLD SWEDES.
-t.-. s-ss.tss.. 20
EASTLAKE.
-
Champions Get Going.

Grace, champions of the league last
year, started off with victory over
West, so 10 IA.
The score:
Every evening, Wilmington daily commercial., 1921-11-16
SECOND BAPTIST WINS.

Second Baptist defeated the Union
NJ. u. Bowlers Mt the Y. NJ. G. A. al
lows last NIGHT. 20T3 10 2037.
Every evening, Wilmington daily commercial., 1921-11-16
SAFETY BLADES CUT

Gillette Blades, doz. ...... 79c
Ever-Ready Blades, pkg. :. Soc
Gem Blades, pkg. ....... 40c
Durham Duplex Blades. pkg. 45c
CllARLEY'S 4ih & ShipIey
Every evening, Wilmington daily commercial., 1921-11-16
BOWLING. LEAGrf

High team total keystone ........... .24l
High single game-KeystOne ........... IS
High individual. three egames-Harkins -
High, single game Flanagan .......... q
Every evening, Wilmington daily commercial., 1921-11-16

Prince Albert h sold IN
toppy red bags, tidy red
fin5, handsome pound
and half pound tin hu.
mid ors and In the pound
crystal glass humidor
with sponge moistensr
top that keeps the to-
bacco in such perfect
condition.
Every evening, Wilmington daily commercial., 1921-11-16
You'll get
somewhere
with a pipe
and P. A.!

Start fresh all over again
at the beginningl Get a pipe
and forget every smoke ex-
perience you ever had that
spilled the beans!
For a jimmy pipe, packed
brimful with Prince Albert,
will trim any degree of smoke
joy you ever registered! It's
arevelation! You never puffed
such delightful, satisfying
flavor; or, such fragrance!
Why-you just want to eat
the zephyry smoke-it's so
fascinatingly good!
Put a pin in here! Prince
Albert can't bite your tongue
Every evening, Wilmington daily commercial., 1921-11-16
Friday.>

BASKETBALL-S +. NJ.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23
Cast in
"The Furnace at
The Neu Daytona

Director Taylors greatest triumph
IN The Furnace has been in his seisV-
ton Of tho aIl-star cast for the pie
ture S.
Agnes lAyres, as Folly valance. VI
umphaht bride, reckless wlfe, anu :"
the end, the tender sweetheart pieas-
ing her new-found love, is Wen
known actress whose beauty ana ora
matte ability have gained her sure
place among film fayorites MISS
Ayres first gained fame IN pictures
starring as the heroine Of seyerai y.
Henry pictures, and later in Held py
the Enemy" in which she played the
feminine lead.
Jerome Patrick is an actor oil con
siderable prominence. having appear
ed in many successes, including
Marketable, "a Thousand Years
Ago" The Escape" What is Love-
and others. In this, his first ReaiaF'
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

picture. he gives polished perform
ance.
Milton Sills. as keene Mordannt. Ia
a proper foil to the soul struggle Of
Anthony Bond. and is especially de-
lightful in his love scenes with Pa
tricia Brent. flayed by Betty Francis
co. Miss Francisco. who played for
two seasons IN New York in May
sime. is perfectly cast as yiyacsous
Patricia Brent
Theodore Roberts. ''tbe grand old
man Of the screen. needs no introduc-
iion he plays the role OF General
Brent. while Helen Dunbar interpTets
the role Of the Generals wife.
Fred Turner Mayme Kelso. Lucien
l.ittleGeil and Robert Bolder are 9th
er prominent members OF the aIl-staf
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23
ssThe Flouer Shot"
To Ciue Two Shows
On Friday, D.HS.

Regarding the production. THE
Flower Shop. which is coming TO
DaytSna % Friday, .,one OF the news
papers at Brunswick. Ga, has the fol-
lowing to say:
TIL 8, mammoth musical comedy ran
up its curtain promptly at $3.50 last
night. to, large and appreciative
audi 1T the Grand Opera house.
Too much cannot be said in praise OF
the splendid success OF this produc-
ton. Each musical number was JOY
and delight. the costumes brilliant and
attractive and in the staging and flor
al effects could be seen the work OF
real artist in the fascinating COM
binations of flowers and color lights
aud shaiows. Each character was so
admirably portrayed, it would be inn
poss Bile to select any one character
as the best.
! The theme of the play is at once a
pretty and humorous, conception and
/ its action revolves about the destruc-
ton of a rose by Tom, reprimanded
/ by Flora. the Goddess Of Flowers. Tom
/ il accused of numbering the heart
OF rose" and IL commanded by her
, to gaze into the crystal
The play in It's entirety is what
Tom secs in 24-hour's trance oil
gazing into the crystal ball. Bruins.
| wick Ca. Banner
Mr.. Charles Hillisrd formerly with
Honey Boy Evans Minstrcis) will
play the stellar role, supported by =
huge local cast of 200 Daytonians, un
i7r auspices of ParentTeachers' As
sociaiion of North Ridsewood school
Two performances only. matinee and
night, Friday. Feb 20 at the Ccstrs
High School Auditorium at 33e ane
$50 o'clock.
Fright snappy with charm of its
own The Flower Shop" is an artis
tic and clever production.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23
BLUE LAW DRESSES
FOR GIRL STUDENTS
UNCONVENTIONAL News Servlc

SPRINGFIELD. Mass. Feb. -
Unless plans suddenly go wrong 500
girl students of Central High School
viii sdopt a uniform dress.
It viii consist OF MILDLY blous-,
plain skirt, neither norTaw or strik-
ingly short, and heavy stockings.
The plan originated with Miss Dora
Brown, gymnasium instructor.
priacip1l William G. Hill favors any
movement that eliminated excess We
dress cost and reverts to former de-
cency OF styles
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23
Wanted TO Buy.

SECOND HAND furniture bought and
sold. Fair prices paid for used
goods. Do not want wooden beds.
gasoline ranges or junk. c. II.
Lane, 121 North Beach ST. Phone
S7e-J. 500 -16-t II
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23
TO RENT

WANTED 70 RENT BY YEAR A
furnished bungalow or house in
Daytona Must be reasonable.
and eloss in Rent monthly in al
vance. ouI4s married eoaple. For
occupancy about MAY -s Address
aev 10 Daily News 70 str
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

HH0KE Must sacrifice beautiful
hunkai6w lots. block from depot,
81 L. feet each. fronting on
Charles st. First $225.oo cash gets
either one. Both for $500 for quick
sale, Phone 100. p2-2I-3t. !
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

FOR aALE-Rebuilt Presto storage
battery, $1,000 at Ideal Garage.
Dodge touring car. $65o0o at 222
Renlnsula Drive. Daytona Beach.
Good top. tires and newly painted.
III .s. p2-21-7t.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

ron SALE Blackberry plants; also
100 cstrands of wood still in the
tree. soc stumpage. Geo. w Rogers,
Holly Hill. p2-23-lt.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23
Situations Wanted

Chauffeur who knows
how to take care Of any car Ex-
perienced on loag toIrs. Address
a. f. H.. care Daily News.
p2-2i-3t
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23
FOR SALE

r,yK sAi1t OR RENT-t'ive room
modern. fully furnished bungalow
for balance of season. Apply Mrs.
Gebeier, 12o IL North Ridgewood
AHes p2-23-3t.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

FOR SALE Seven nice white Leg
horns-ioo good to kill G. L. Wn'
chell.. 140 No Ridgewood. pr 23-3t.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

LOST On Friday or Saturday. Feb
Is or -, a platinum flligree pin
With small diamonds Reward II
returned 70 SO Grandview Ave.
Daytona Beach OF TO Daily News Of.
lice. c2-2O.7t.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

FOR SALE-One new stuceo cottage
house. Will sell at bargain. Has
all. the modern improvements and
the best location in Seabreeze. p.
O. Box. 81. $685. 1917.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

\ RELIABLE experienced seamstress
$3.50 per dayl, available for en-
gaeements or win take work home
Address Mss Harriet. 210 Loomis
Ave. p2-19-7t
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

FOR SALE-Smali new cottage. fur
aished. garage. 100000 If sold te-
for5 Fsb. list. Reply box 81. Sea-
breeze. 3i1-1-13-tf
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

LOST Diamond bar pin al Daytona
Beach. Reward il returned to Ia
Halifax Ave. Daytona Beach
541-2-2i-at.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

TOR SALE--SIx-raom bungalow, on
ocean front. All modern improve
men.g. Sse Air, Cram at Wilbur of
fea. zs5 South beaen street. over
G..t aE-L-o.T.5 HARDWARE Store.
515-1 If.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

FOR SALE-1917 Buick touring. $500;
jeffrey seven-passenger $3.50; Dodge
touring. $i75: REQ touring, 1880;
Ford touring s425. These ears all
good value. See Harold Bond. Used
ear salesman, IaRue Williams Ga
rage. p2-92-3t
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

) Or SAl--l-At : ba4 gain. beautiful
ho1ss cl oSI-sr nldse~ood md see
end lvsnls. iAaa.se IS second
ev71us, c. We skirio, Day
lcic. FL. - -. e
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

LOST-on Saturday Afternoon at Au-
ditorium. or on Beach Moss Agate
Pin swinging from Chatham Pin.
Finder please return to No. Cy.
press street, Daytons, and receive
reward. p2-2l3t
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23
aaaaaH
LOST

LOST Child's brown nand knitted
sweater, SUNDAY p. m. at the Bur
eoyno Casino. Finder return 10 the
rally News Office p2-21-2t
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

FOR SALES-191S Chevrolet 400 road
ster in good condition, at bargain
II solo soon. Apply to ID. y. Shank,
Box 4. Ormond, Fla, p222-3t
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

FOR SALE CHEAP-Dodge touring
car in good condition. Peter Wag-
ner. Port Orange. Fla. p222-St
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23
MISCELLANEOUS

WANTED Pour passengers to Tam
pa. leeshta 1'narsday morning re.
ttifning Friday evening. sl5.ee round
trip. Phone 6Ss. p2-23-1t,
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

FOR SALE-Large water tank with
Top capacity. 200 bbls. Also wooden
beds with springs and mattress.
Fcra motor made expressly for use
IL boat. Albert Diem. Phone 57I
Da.ytona Beach. 360-1-1S-tf
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

FORD REPAIRING a specially.
Prompt aud efficient service by OK
pert mechanic. Work guaranteed.
Phone 3ST-J. Lyman's garage. Ma
ron street, near City camping
grounds. p12S est.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

FOR SALE

FOR SALEA bargain in four
apsttnent house: Daytena Beach.
one block nom post offiresP d box
l34 529-2-l9-7t.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

WANTED-You To list your houses
for rent AMI realty for salo with the
II. T. Schultz Realty Co, Gardiner
Building. Phone 674. s23- 9-11-ti
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

HUDSON-ESSE,X Service, Economy
Repair shop. Expert repair work OH
all make cars. Kenneth ID. Mills, IS
Baker St, Daytona. Fla. p2226t
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23
CIRls

.&.I
LONDON
aga n ecme
examples aerxz
They consist
roll of hair -
head and kss
jsst bcsas
\ var stioa &
enc above The =
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

Make Concrete Buys.

Floating a,aariu. buoSs nave ID.
G. - sc caus.e'e - ia sq,EIl
ses,ter
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

SEVEN PASSENGER CADILLAC S.
Miami, Pam Beach, st. Petersburg
or Anywhere ready for another trip
after Eel 10Th o. H. r.ggles:on,
Phone 31S-J 553-2.22-Tt
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

zoe couples at masquer.
ade dance at Casino BuFgoyne. sat
urday. Feb &c Admission 75c per
couple. 533 -2s20-7t.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23
NOW IS THE TINE TO HAVE THAT

NOW is THE TIME TO HAVE THAT
JOB DONE-We employ snappy,
courteous white help only. Trim
and clean the moss from your trees.
Stop that leak and paint your roof.
FIX your chimney. AIRY kind of a
job welcome. A card or phone IT'S
and We will come. Do it now don't
wait. Phoenix Roofing Co., 40
Cypress ST.. City. p2-22-Tt
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

SEE p. L. KNAUSS for paper hanging
aud painting. Have fine lie OF
new samples on hand. Box 1874.
Live ON Oak Ridge Orange grove, 3
miles south on highway.
497-2-13 oct
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

WANTED TO TRADE-valuable real
estate for automobile. Apply LA
5. Beach. II. d. Schultz Realty Com
pany for further Information.
55i-2.22-tf
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

If YOU WANT TO BUY good in
vcstment call at "A Myrtle Avenue.
p2l6-26t
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

PALMISTRY Health
talent. and ability. A lie reading By
Madam Oidfield, Student of Column
ba University. Is Orange Avenue.
From 10 a. m. 10 5'p. M. p2l9-7t.
The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-23

by cartoon show cards.
original drawings; also all kinds of
decorating and painting. We SO
iicit your patronage. Booc Broth
crs. 22o y. Beach St, FL Booze, Man
aser. p2-l9-26t
Evening star., 1921-11-06
CAFETERIA OWNER TAKES CENT
PROFIT ON PATRON; GETS RICH

A Chicago woman who owns Two
cafeterias in the loop" district is
making a fortune from a cent profit
on each meal served. So convinced
is she that she can feed people at a
minimum Of profit that she is about
to open on the north side another
self-service eating place. the largest
in the world. It will provide seats
for 1850 persons. The largest cafe
terra at present is in Los Angeles.
where 1900 persons can eat at once.
The Chicago woman will pay rent
of $4,000: taking a fifteen-year lease.
Ten years ago she opened q cafeteria
having a capacity Of ninety-six per-
sons. Her capital was only $1,000.
But the food she served was SO ap-
petizing that financial success fol-
lowed. In 1920 she fed in her two
establishments 2,5oo,oo0 persons. At
a cent profit ON each she made $25,000.
She brought to her work enthusiasm
which has been shared by her asso-
ciates.
OF course. mere enthusiasm and
Evening star., 1921-11-06

that fertile, taxes that will bring forth
frut-the security Of the country which is para
mount in the minds Of all; provision for the
aged and deserving poor-is 1t not time some
thing was done7 It is rather a shame that
rich country like ours, probably the richest in
the world, II not the richest the world has ever
seen, should allow those which have toled all
their days to end in penury and possibly starva-
tion 1t Is rather hard that an old workman
should have to find his way to the gates of the
tomb bleeding and footsore through the bram-
bles and thorns Of poverty. We are raising
money to pay for a new road-aye. and to widen
it so that 100000 paupers shall be able to join
in tho march"
Some Of our critics say: The taxes them
selves are unjust, unfair. unequal, oppressive
notably the land taxes They are engaged not
merely in the house Of commons, but outside
the house Of commons, in assailing these taxes
with a concentrated and sustained feroctty
which will not allow even comma to escape
with its life. All can is this: The ownsrship
Of lana - not merely IN enjoyment, 1t u
steWardship. It has besn xookonsd such in the
PAST, and u the owners esass TO disoharHs their
functions In seeing 70 the security ana defense
Of the country, IN locking after tha broken in
thssr villages and nsighborhoods, the time VIII
come 10 reconsider The conditions under which
lana % held IN this country. We are
placing the burdens upon the broadcast shoul
ders. Why should put burdens on the people?
I am one Of the children of the people. I was
brought up among them. I know their trials.
and God forbid that should add one grain of
trouble to the anxieties which they bear with
such patience and fortitude. When the prime
minister did me the honor of inviting me to
take charge of the national exchequer at time
Of great difficulty I made up my mind in franz
ing the budget which was in front Of me- that
at any rate no cupboard should be the barer, no
lot should be harder. By that test challenge
you to Judge the budget .-.~>,,.. :
..,t..s,.s5t.r.-. \ * X
The debates on the budget in the house of
commons were prolonged. Their bitterness can
perhaps be inferred from . story about Lloyd
Georges small daughter, Megan. Megan asked
Evening star., 1921-11-06
Uncle Sam Plans.to Go,Gunning
For Billions Of Stacker Money

the Shearings are being conducted in
ABROAD way. .
The Hays plan would knock off the
minimum age limit of ten years and
accept depositors at any age. 1t
would also raise the maximum on de-
posits from $4,000 to $4,000. 1t would
increase the interest rate from 2 to
per cent. Where heretofore no in
terest was allowed unless the money
had laid on deposit for a year. the
bill proposes to allow interest to all
depositors after their funds have been
in for three months.
X X X
Under the old law there is provision
that the money Except ) per cent
retained in the Treasury as a reserve
fund.- is to be redeposited in the
banks. except that the board has dis
cretion to put 80 per cent of it in
government bonds or other security,
and that the President in times of
emergency may place all of it in
government bonds or other security.
The Parrish bill provides for the
retention of the per cent reserve
fund and that then all the remainder
snail be invested by the board Of
trustees in government bonds or other
government securities. His argument
Is that the original act passed June
20, 1910, providing for redeposit under
the conditions cited, was passed be-
fore the federal reserve system and
the federal farm loan acts were pass
ed. The redeposit was very necessary
then, but not now, Representative
Parrish argues, since these new sys-
TENS have decentraliZed the money
system and no valid reason any longer
exists for putting the funds in local
repositories.
X !. ::
Under the old law, Representative
Parrish points out, the government
paru per cent to postal savings de-
pos1tors. Then it let this money go
to the banks at 21a per cent and bor-
| rowed the money back at 5h and
per cent by the sale of Treasury GER
tihcates, which are tax exempt This
means that the government has been
paying 61s per cent to get the money
have anything at all to do with the
postal savings system it ought to use
the money to relieve the floating in
debtedness of the nation, which now
amounts to about $4,000, ,OO0,0o Rep
resentative Parrish argues
In so doing it would relieve the
; banks of carrying these Treasury GER
tificates and would turn the money
loose into communities for local en-
| terprise or for investment in govern
| ment bonds
1t is estimated by Eugene Meyers.
jr.. that the carrying out of these
| purposes would result in increasing
the market value of liberty bonds
from to 10 per cent 1t would have
a stabilizing effect on the market
value of the liberty bonds If any ap-
preciable amouAt of boarded money
would be brought into the postal
! savings system and invested in gov
| ernment bonds, the Treasury Off
cials and many members of Congress
are urging.