davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-06-03
Large Increase
I'm Member Bank
Borrowings Felt
Reserve System Showing Is
Slightly Less Favorable
This Week; Ratio of
Local Bank Moves Higher

A large increase In member bank
Borrowings on rediscounts against COM
mercsal paper was responsible in large
part last week for q slightly Iess
favorable showing by the Federal Re-
serve system, as revealed yesterday in
the consolidated statement giving the
condition ss Of june /.
The ratio of total reserves to de-
pcsit and Federal Reserve note liabili-
ties combined stood at Sta per cent at
the end OF the week, compared with
s1.s Per cent the preceding week and
42.6 per cent year ago. The ratio
notes in circulation after setting aside
IS per cent against deposit liabilities
was 71.5 per cent, compared with TIT
per cent the week before.
Member bank rediscounts Of COM
merciai paper rose from s1,o76,so5, 900
to S1,152,S 900 during the week just
ended. This apparently was due in
part to an expanding demand from
agricultural districts where crops are
beginning 80 move to market. While
commercial paper rediscounts were
United States government obligations
declined from sTa3, ,s51 900 to S7T3 $685.
600. A factor in forcing war paper out
Of the system is probably the new
policy of the Reserve banks of the
system OF limiting advances on such
paper to approximate market value.
Gold reserves of the system con-
tinued to mount last week. climbing
from S2,Sa2 ,s47 900 to s2,4os, ,ooo, 900 in
the aggregate. A year ago gold re-
serves stood ar $2,o9s, ,S53 900. The
steady influx OF foreign gold explains
this tendency.
The Federal Reserve Bank Of New
York's showing contrasted with that
OF the system in that it's ratio of total
reserves to deposit and Federal Re-
serve note liabilities rose in the week
from 5S.l ns' cent to 603 per cent.
The ratio of gold reserves to Federal
Reserve noses in circulation after SET
ting aside IS per cent against deposit
liabilities mounted FROM so to 54.5 per
cent. Gold reserves of"the local bank
increased from $709, 9,62i,0o0 TO $685.
32S,SoS.
Member bank borrowings in the New
York district on commercial paper re-
discounts increased from s2a6,652. 900
TO $2S7, 7,s4l ,225. On the other hand,
advances against government paper
dropped from s245,523,ooo to $780,
516,401.
New-York tribune., 1921-06-03
Days Dealings In Bonds
The Market

An interesting aspect Of the invest
msnt market at present is the changed
character OF the buying Of new issues
compared with pre-war days. Then in
dividual investors OF large means
bought bonds in large blocks and the
average OF individual subscriptions in
new issues under the conditions pre-.
vaiiing at that time ranged from
$4,000 to $4,000 and more In certain
offerings. This has all been changed
since the war. To-day the average of
individual subscriptions to new issues
IL comparatively small Judged by the
standards of before tho war. In the
case of the recent $3.50, 100000 Offering
OF Northern Pseihc-Great Northern
bonds the subscriptions received by a
leading distributing house averaged in
dividually between $4,000 aud $4,000.
Similarly In the case of the new
French loan now being offered individ-
ual subscriptions were small and have
averaged below those in the case of the
Northern PaciflcGreat Northern f. ota-
tien. The change in the character of
the market is attributed among other
things TO the fact that the small in
vestor Is becoming more of factor
while the large investor, who has heavy
taxes to pay, has been seeking other
forms of investment which could not
be taxed.
New-York tribune., 1921-06-03

the eiosiBg quotation on bond into
ese rate Of interest 1t pags, and The sa-
SUIT tptfI be tho aapUag return. If Ike
bond is seuta5 bsio1g per gou mast
altow also for the Appreciation Of ths
pyyacipal. 70 do tbis sH6traet fhs saer-
bet qaosatiom from par, or 100, and di-
vide the remainder BY the member Of
years tie bard haa 10 Tun before ma
tnrttg, For eratnpEe, If per cent
band IL setting at 80 aud hcs tan yeara
TO RAN, the eneuat retarH UilE be g.6S
pey cent. Tka differences betwsem par
and .as market pyses tpiQ bs IN points,
New-York tribune., 1921-06-03

City of Flint, Mich. per cent honda.
The bonds are issued for school isn-
proyements and are a direct obligation
Of the entire union district They
mature serialiy 1924 to 1850, inclusive.
and are offered at prices ranging from
3 per cant yield on the 6fst ma
tturity to $50 rer cent yield Gu the
last.
An issue os s., ,0oG. 900 State Of Ore
gan per cent gold highway bonds is
being offered by syndicate headed
by the Bankers Trust Company. The
Offering price is l0i and interest, te
New-York tribune., 1921-06-03

The Tribune prints each day the n,n-
f0raty dates Of all aotiue bonds quoted
on the Nso York Stock Erehdnge. TIE
return on @ bond to the investor dspe1tds
upon three factors: the ruts OF interest
the security bears. the saGrkst price
aud the d,stanee Of the maturity dass.
To figure ths precise gield on q bond at
is necessary to use yield tablss. bat the
eppyo-{swute yield can raaghfe bs fcared
New-York tribune., 1921-06-03

points By ten years, the q1otiemt aai1 be
!. This figure is to be added to $50,
sohich is the annual return, Gad the re-
suit ss 7.6s per cene, tcill givs gou ths
cppvo rintGte yield
New-York tribune., 1921-06-03
Days NeaU Issues

A syndicate consisting of HaIsey.
Stuart & Co, Stacy & Braun, William
4. Compton, 2. II. Rollina & Sons, A.
3. Leach & Co, the Continental &
Commercial Trust and Savinks Bank
and keaue, Higbie & Ce, are offering
New-York tribune., 1921-06-03
Copyright 1874. by S. W. straus & Co,

" z Waw&C
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1921-07-06
REV. WALTON TO
LEAVE SUMMERTO\

The Rev. VIM. NJ. Walton read at
church service recently Il note of re-
Sl%nation just mailed to the Bishop
He referred to the fact that the period
he had specified was long passed that
obicctivcS (ncluding the beautiful
now church at Summcrton) had been
reached and that on September lst he
proposed to close his engagement at
st. Matthias church. The Bishop re-
Spondcd:
"Now, with regard to your deter
mlnation to resign at Summcrt0n
within the next three months.-lct me
say that | have just received COM
munication from Mr.. Lucicn Brais-
ford signed by practically every mem
Der OF the congregation asking me TO
l"ducc you to remain at Summcrton Il
little longer.
This memorial will be highly graf
Tying TO YOU, and reveals more clear
iIN than anything | have yet heard
how much the people at Summcrton
love and appreciate YOU. am cnclos-
ne the testimonial, aS You may like
to keep 1t amont your archivrS.'
, Prof. Gee, th" Gifted SupcrmtcN-
lent of tn" scIoui, who has Just re-
SI%ncG to accept som" European work.
| adds this plea:
Il would like 60 remain another
year to complete, if circumstances
would permit, but there is one point
upon which feel rather safe ~ lone
rs he, Mr.. Walton, l. here with th"
boys in the Scout work, and il is that
the standards and ideals, which we
have been trying to set before the
BOYS viii br kept constantly before
ih"m. The year h"s been made easier
i,.....
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1921-07-06

be impossible to make anything like
half crop. We hope this will not be
the outcome Of this years crop, but
really things are looking rather
gloomy at this time.
As information to the gentlemen,
who asked one of our "two hundred
Founders" where we got all our data
on our letters of unrest" we wish to
state that we gather this thought
from the "Churn Faces, and whining"
we hear and sec from time to time,
and to play the game fair we belong
to this organization. But we certainly
hope to see this organization disband
in the near future and a new party
organized to pcddlc sunshine, and
glad tidings. But to do this we must
do as old King David said. "Think on
our way, turn our feet, make haste
and delay not.' Now let us analyze
these sayings, we would say that we
must think correctly and turn our
feet into the paths of optimistic ways,
and make haste to make a living with
out depending on cotton altogether.
And delay not to roll the stone away
and we do know that if we will do
our part, and trust in the good Lord
he will surely do his. Our people
have been getting along reasonably
we'll for two thousand years, and not
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1921-07-06

many of us here now will live much
longer than two thousand more years.
The death of Miss Willie lIokr Of
Fort Mills, S. c., which took place in
hospital in Baltimore, Md, last
week came as Il distinct shock to the
people Of this community. Miss Hook
was for several years the efficient
principal of the Pamela school, and
her untimcly death has saddcncd that
entire community. Miss Ilokc was
dearly beloved by the pupils and pa
irons Of the school, and was very pop
ular with the young folks. An actvr
church and Sunday Slhoo! work, and
Il young woman of a genial DISPOSE
ton, having the gift Of making
friends with wnomcSocvcr she came
in contact with.
There was what we might call a
Way reunion at the old George Les
esnc place ON Santrc Monday. And
from the information that comes to
us there was y good crowd present,
and many good things to eat, and it
appears that everybody had quite u
good time. Our good friend, Mr.. G.
&. Way, seemed to be at the head of
the movement, and anything engineer
ed by him must succeed.
As to omSclf we had Il delightful
Fourth, hayin% spent a part of the
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1921-07-06
SUNNERTON ITEMS

We believe it is customary with rail
road people to run more than one
train under the same number, and
trains running under such circum-
stances are known as sections |, 2,
etc. How we had planned to run the
first section of our new number this
week tat we had in mind, and being
somewhat like a freight train ourself
that is we are :lways carrying a big
load, we had decided if it. did not take
with the readers Of The Times so we'll
we'd uncouplc end crawl i'm our ca
boose, and leave all future numbers
Of say 49," on SIDE track. But on
account of several other items of at
least some interest to some folks we
shall leave off this matter until next
week.
Things arc moving along reasonably
we'll in our town and community, and
the crops are looking fine, but if we
are to accept as facts what most of
our farmer friends tell us, looks
seems to be about all, as the wccvil
is playing havoc with the cotton, and
a good many of our farmers declare
IT they keep up their activity it will
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1921-07-06

other well known citizens of the couu.
ty. AT st. Matthias church on July
Bird, the Rector, the Rev. VIM. Walton
SAID that while he "cou!A not with
draw his resignation vet in consc.
Qucnce of these appc,lS he had writ.
ten the Bishop canccllin% the date
etc"
Good Work in Clarendon County
over three years ago the Rev. Will
liam NJ. Walton took charge Of the
Clarendon County Missions. At the
time the Church had only one building
IN the towns of Pincwood, MANNING,
and Summcrton, and as it was locateI
at SummcrtOn, the rector rcsiGed
there.
The problem was to provide Il new
building at Summcrton, Il church at
the large, important town of Manning
and Il chapel lfor Sunday school pun
poses cSpccially) at pMcWood. The Oil
historic st. Marks was four miles
from that town, and rather iuaccrSs.
ibIc.
\ very pretty gothic building in
imitation stone has been completed aI
Manning, and this has been accom-
plIshrd by small cUmgrc~ation with
out debt
Tn" new church JUS, completed y.
SummcNom is practically nrw ana =
beautiful building, well lighted and
heated
At rnvwood beautiful old s..
Marks, -four miles FROM tuwr. hH;
been renovated from end to- cn#,
which is Il sourc" Of great @ratinca-
tl"n &" Church people there. as ST.
Mark Is one of the most GiStngusN-
rd churches of the State in it, contri-
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1921-07-06

day at the beautiful country home of
! Mr. j. NJ. Richardson, where many
good things to c%t were spread, and
many happy faces were in great num-
h"r. We would say great deal more
! "bout this affair, but Il mighty good
! looking girl is to get this up for us
In the afternoon we "rattlcd" over to
Manning in our old sawmill "Tin Liz
zir' and witnessed a very pretty game
of baseball, and things do not go our
, way any more as wc did not want
! Manning to boat but one run. IF our
| n"0plc could learn to make their faces
! shine every day as they do when a
! holiday comes along, and peddlc sun
| shine as they do on these good days
It would not take much money to keen
| Us happy and singing that 81 Am Il
Child Of the King
DR.. l.. G. Stukcs and family have
! Just returned from = trip to Georgia
and Florida, and wh"n asked for re-
port as to what they saw and heard
| DR.. StUkcS gave us the following let
ter:
Replying to your letter Of inquiry,
will say that ! hav" been little bit
busy since my return, which explains
| NY dclnE i'm answering yours. These
! 'uii8 Trips pN aulnnlopllc are very
| *io'pl" undertakings, simply have no
definite plans IS to time or arrival
! md leaving certain places carry Il
''a'nmork, ,;..' ana HIcoAo! stove with
n"''N','I '.,',''' '.I''I'm "3%''E Pr'Par'G' III
,''Er ATu are Ire" ;,;'' !"" laf ff"m
-, 'i";, "i,,f, q, !, !.In,. y! "tIIr' ""I''S Z"
,,,l'",'.N' '','i HTW, le,''l5S r"rNc''
,'.Ii .;Ii''IG L SUN ,I' i'',itl3 r"n, i"r ON"
n,'a w. h' c,,. c 'ivn t,r "ppHrlu'''' KS
.,,,' .r i"' ,I'nE 'nrH' 'n,i'EI. III
/ I',I,,, .''% ~, 'TNn '"uI'''i Ml'ch mas
n,,,,r> '.'u,'rm .,,.a >;., MIIn ,,'' n"i Tt"Ii''
| ~ 'n.;;l n.;l,N ,N'' "'.iI"'"' 'Hi"H' ''''N.
| ,,;,i''r q" !" w W ~ I'S''''SS ~
| "i''' ~" '',"l - YOU H'"M u"
W., ,,.;i i'',. i, =" a. "'I'''E crop W.
i;";, ~; -" Lynx, II'i Io,I"Wv' Ih'
! I,,"i,' ''', IiN"N 'hrW"2h '"'h",n: o.
/ ,T"~"N'' h"i''.'HI"i'' H'II'i-
~, "'' ,r I'ruS' ,N'''',E;
,bo rr,J ,.or r,a ,.,,. ~ Ill., '''''
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1921-07-06
Sincerely


"Doddy" Sol Ellrrbrc, thinks the
Nannju" people are two much for the.
Snmmcr'on people when it comes t..
playing base bail.
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1921-07-06

other well known citizens Of the couu.
ty. At st. Matthias church on JULY
Bird, the Rector, the Rev. VIM. WaltoI
said that while he "cou!A not with
draw his resignation yet in consc.
Qucnce of these appc&lS he had writ.
ten the Bishop cancclliug the date
,f,
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12

Easton Col. Oswald Tilghman cele.
brated his eightieth birthday at his
home. Foxley Hall, Easton. Monday.
Colonel Tilghman is one Of the leading
historians in Maryland and grand.
son OF the late Gen, Tench Tilghman.
who was aid-de.camp to General Wash.
ington and carried the news from
Yorktown to Philadelphia OF the sur
render OF Lord CORVALLIS He was
Secretary OF State under Gov Edwin
Warfield
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12
Opposes State Financing.

Governor Ritchie will not at the
present time appoint commission TO
investigate the ACCESSIBILITY OF the
State financing plan to reclaim un-
productive farm lands in Maryland
This decision the Governor conveyed
to f. s Ticker. who is Identified with
the southern settlement and develop
ment interests. who "a few weeks ago
called meeting for discussion of such
a plan.
The Governor eXpla ned to Mr. TEX
or that such a plan. If investigation
should result in favorable recommen
dation to the next Legislature. would
undoubtedly require heavy financial
aid that could only be provided
through further bond issues My
idea" said the Governor. is that il
further bond issues are to be author.
lied. their proceeds should he devoted
TO road building or TO the impr0vt
ment and expansion OF the Stat
school system.
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12
Anti-Suffrage Case
To Be Heard
About April Z

Annapolis
polis.-Acting upon request
made by Attorneys William L. Mar
bury and Thomas Cadwallader. OF Bal
timore in behalf OF antisuffragists in
Maryland. the Court OF Appeals an
nounced that il would give a hearing
on April upon the appeal taken from
the decision OF Judge Charles W
Heuisler of Baltimore. who recently
upheld the constitutionality OF the Ma
tional Suffrage Amendment.
Effort was made TO get the Court to
hear arguments in this action within a
few days but the Appellate Court de.
cided TO carry the case over until the
first week in April. when the regular
April term begins.
Judge Heuisler's decision was rem
dered upon the petition brought by
Oscar Lesser and other antisuffragists.
1t is contended by them that the con
stitutional amendment is an abridg
ment OF States rights in that the
exercise OF franchise at State or
municipal elections is under the
sovereignty of each State and cannot
be reached by an amendment TO the
Federal Constitution.
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12
viii Tax Bonded Spirits.

The State Tax Commission sent out
notices To holders OF distilled spirits il
bond. informing them that thu stat
Tax Commission would meet on March
II tor purpose of placing valuation
on the products for 1921.
Last year the Commission assessed
spirits at $50 per barrel. There We're
$3.50 barrels upon which tax was
collected. yielding $4,000 to the STATE
1t is estimated that there are only
about $4,000 barrels OF spirits held N
bonded warehouses this year; and if
the Commission assesses this liquor
al 500 barrel. as they did last year
the amount OF taxes will be reduced
to $40 900
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12
Ritehie To Get Survey Data.

The survey of the state institution
by Robert d. Case. secretary OF tho
State Board of Prison Control. is vir
tually complete and report will BE-
made 10 Governor Ritchie this week.
Mr.. Case was asked by the Governo'
to undertake the work so the Stat
could know how the different institu
tions were overlapping in the manu-
facture OF various articles. Al the
same time the Governor asked stat
Purchasing Agent Albert II. Weir L
make a report on the things used b,
the institutions when the Weir r"
por, is made Il will he Joined with tn
Case report and system for inter
changing products probably WORT
out
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12

Cumberland. - Samuel L. Webster
celebrated his ninety-iirSt birthday an.
niyersary at the home of John b Web
s;er. OF East New Market Those
present were Mr. and Mrs. John
Webster. Mr.. and Mrs Noah Webster
Mr.. and Mrs. Winfield Webster, Mr.
and Mrs. G. Webster Mr. and Mrs
Frank Webster. Mr. and Mrs Roland
Webster. Mr. and Mrs. Lloyd Webster
Nr Webster has been president Of the
East New Market branch OF the East
ern Shore Trust Company and active
in political and civic affairs.
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12

Frederick The clothing factory OF
Isaac Hamburger 4 Sons. Inc. moved
from Baltimore TO Frederick because
OF labor difficulties in Baltimore
opened with force OF 40 workers.
Within few weeks this force will be
increased to about 200 persons. The
factory is located on South Market
street. in the building formerly occu.
pied by d. F. Davis. carriage-maker.
The interior was remodeled and one
story added
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12

Chestertown.- Davis. one oi
the slckest colored prisoners in Kon'
jail. made his escape There were
nine colored prisoners in the corridor
but all refused to join Davis in the get
away. Davis made his escape by cut
ting the latch with a penknife He
went to the home OF colored friend
known as Piggy. where he ate break
fast. smoked a cigarette and danced a
Jig. Then he babe his friend good-by
and vpn shed, Davis was charged with
st ealing $40 worth of tires belonging
20 4. Cohen. He sold them to several
white men for total OF SEQ. He ran
away last year after the grand jur,
had indicted him. and had only recent
~ been caught.
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12

Easton Soon as il was learned that
Harding had been sworn in as Presi
dent candidates for the postmaster
ship % Easton in place of John Jump
present postmaster. whose name was
sent To the Senate by President Wilson
for reappointment but which is being
held up. began TO announce them.
selves Among them is Mrs. Anna y
Shure who has for the past II years
been assistant postmaster; Martin NJ
Wright. Roy " Messick. Howard Tow
ers Hall White. who for number
OF years has been clerk in the office,
and others.
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12
State Audubon Society Opens Exhibit

The Maryland Audubon Society.
which is cooperating with the National
Biological Survey. at Washington. in
its work for the conservation OF birds
in Maryland. has placed on exhibition
at the Maryland Academy of Science.
seasonal cases in which will be placed
specimens of birds as they appear this
spring in and about Baltimore. BY
this means the public will know what
birds have migrated from the South
and the dates OF their arrival. and can
become acquainted with the appear
ances Of birds with which they are
unfamiliar.
\ suggestion that bird boxes being
made by pupils in the manual trainins
departments of the public schools be
placed in trees on the Gunpowder wa.
tershed and bird shelter established
under the supervision OF the STATE
Game Warden will be laid before the
Water Board next Wednesday by Wa
ter Engineer William A. Megraw
The suggestion was made to Mr.
Megraw Yesterday by Mrs Baker Hull
of the Washington Apartments. pre-,
ident of the Audubon Society.
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12
Governor Names Delegates.

Or. John H. Iatane. Henry W vii
liams and Miss Kate VI. McLane wer'
named by Governor Richie as MARY
lands representatives at the ann Ia
meeting OF the American Academy OF
Political and Social Science. which Is
to be held in Philadelphia May Is am
II next.
The subject to he discussed at ~
meeting win be 1.-The Place Of tn
United states in World Organization
for the Ea.ntpnar of Peace"
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12

Cambridge. Collision W. Harding
81 years old, died Friday morning
Surviving are three sons. Mathew VI
Harding. Town Point; Clyde Harding
Ellwood. and Preston Harding. Cam
bridge and sister. Airs. John W
Bassett
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12

Baltimore-Ba Baltimore has iS3 Prot
estant churches and Maryland LAST
Protestant churches. according TO the
statistics compiled by the Baltimore
Federation OF Churches. These figures
include practically all the more i'm
portant denominations except Chris
tian Science and the Catholic churches
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12

Elkton. George Benson. County
nation on the Democratic ticket. John
II Terrell. OF Elkton, is also can
didate
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12

Baltimore charge that Miss
George \. Hutton. superintendent OF
the Nursery and Child's Hospital
Franklin and Schroeder streets. had
inflicted cruel and unusual treatment
upon the children recently were de.
clared utterly unwarranted by William
j Ogden secretary OF the Board OF
State Aid and Charities.
Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1921-03-12

Frederick Suit for $4,000 dam.
ages. alleging alienation of his w!fe's
affection has been filed in the Circuit
Court by Roger ] Brandenburg. CT
near Wolfsville against John W. Cline
OF the same neighborhood Brandeh-
burg farmer alleges in his bill OF
complaint that Cline enticed and alien
ated the affection of his wife. Mrs
Brandenburg was formerly Miss Pear
Eocard daughter OF Simon T. Eccard
She and her husband were married
May 1. 1916. and have one child Cline
the defendant is also a farmer He is
married and has several children