davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-06-10
APPROVES HIGHER
FARM BANK RATE
Senate Passes Kenyon Bill
Raising Bond Limit to
5la Per Cent.

The senate has approved a bill
offered by Senator Kenyon, of Iowa,
which will permit federal farm
loan banks to issue bonds bearing
51z per cent interest. intsead of 5
per cent. the present Limitation.
Senator Kenyon explained that
the per cent limit made it difficult
for the joint stock land banks, or
ganized as a part of the farm loan
banking system, to dispose of their
bonds in competition with private
banking institutions. AS result
of this, he says, extension of credit
to farmers was made difficult.
The maximum interest which
farmers can pay to banks under
terms of the law remains as at
present, 6 per cent.
Discussion of the bill brought
from Senators Smoot "nd Mclean
attacks on the stock banks. They
said the banks utilize government
prestige to make profit for private
persons Smoot charged that the
banks instead of lending money to
decrease tenancy were used by
spectators to acquire land and in
crease tenancy.
Smoot endeavored to have adopted
an amendment which would have
removed the tax-exemption privi-
lege of stock bank bonds, but this
was withdrawn. Kenyon declared
the amendment would destroy the
system.
Both Kenyon and Smoot called
attention to the existence of large
amounts of tax-exemption secur-
tiles.
eporrous ouartitias Of uooI WITH
the business crisis in the middle of
1920 wool manufacturing expert
enced very severe reaction. Con-
The Washington herald., 1921-06-10
Ohio GLee Club GiDes'
Concert to Ddughertg

They serenaded Harry Daugherty
yesterday.
The Columbus. Ohio, Republican
Glee club, numbering so or more.
grouped themselves about the shin
ing mahogany desk of the attorney
general of the United States and
harmonized for half an hour
They sang the Ohio medley FIRST.
Then Henry w. Frillman. whose n
years allows him to call Mr.. Daugh-
erty f"Harry." sang a solo. Frill-
man is a former minstrel man
Daugherty is a member Of the gles
club which has been famous a. re-
publican conventions for half q CEN
tury. -.
The Washington herald., 1921-06-10
METAL MARKET.

NEW YORK. June e.-The Lon
aon metal cable quoted spot tin n
ss nlgheer at flss l5s. and futures
n lSs higher at f17o 15s. Sales, 200
tons and $50 tons Spot standard
copper is los higher at f73 los and
futures los higher at f73 12s Sd.
sIes. 100 tons and 1000 tons. EIec-
troiytic is FL higher at f77. Spot
Iead is IS Sd higher at f23 SIS. and
spelter SIS higher at res 1ss.
The Washington herald., 1921-06-10
HIGH HPRICES READY
TO MAKE HIGH Dive,
.JAS.MCOY BELIEVES
Treasury Official Bases
Opinion on Reduction
In Commodities.
MONEY DROPS so.ss
Unusually Long Decline IN
Per Capita Circulation Con-
sidered Important.

High prices are now on the verge
Of staging q new exhibition Of high
diving. in the opinion Of James Nc
Coy. actuary Of the United States
treasury department A new series
Of reductions in prices OF all com
modities "a beginning Throughout
nearly all sections Of the unitsf
States.
The nation-wide price cutti1t
wave. which began just about a
year ago. during the last few
months has slowed mp. Now the
prfee cutting is to be resumed on
q new and faster scale IL is indi-
Gated By factors which Mccoy con
siders important
Drop q. Per Capita Money.
One of these factors IL an uh-
usually long drop in the per cap
ita circulation Of money. In the
month ended June ! the per capita
circulation fell OF IS cents 20
sss.ls per person, according 10 an
announcement by the treasury.
This shows conclusively that
prices are falling" said Mccoy.
TT means that money is getting
harder TO obtain because there Is
less of IL to be had. When you
have TO work harder to get money.
IL is worth more and will buy more
During>the war money was inflated.
plentiful and easy 20 obtain. that
is comparatively. That is what
made all prices soar. Now we're
being Debated The converse be-
comes true"
Automobile manufacturers Just
now seem to be leading the new
price-cutting wave. II is pointed
out. Henry Ford and the other
manufacturers Of pleasure cars
yesterday put into effect cuts which
bring their products nearly to pre-
war price levels
The Washington herald., 1921-06-10

that the extreme prices of last De-
cember were recalled. Aside from
the oils the most prominent issues
resistance points were United States
Steel common. Bethlehem . Steel.
Baldwin Locomotive. United Ststes
Rubber. Republic Steel. Lackawsnna
Steel. American Agriculture Chemi-
cal. Allied Chemical. American Loco
motive. Columbia Gas, and MidvaIe
Steel. Pan-American Petroleum and
Mexican Petroleum. were the weak
spots in the oil group. the former
reaching a new low price.
1t became evident soon after the
opening that the stocks were to take
prominent part In the reaction.
Steel common opened with the sale
Of 1900 shares at prices ranging
from rs to 7s&. a loss of u TO y
from the Wednesday closing. There
after IL ran down in q heavy volume
Of transition. reaching 7s% before
the rally came. This was a new low
price for the year and was within
half point of the extreme low of
December 81. 1920. Incidentally it
was the lowest. with the exception
Of last December. since the famous
bear market of 1915. when steel
come as low as IS. The steel corpo-
ration will make known at noon to-
morrow its volume of untitled or
ders as of May 81. Wall streets
forecasts of the probable reduction
have been accurate for several
months. Its expected that orders
on the corporations books will show
another reduction of 100000 tons.
which would bring the total down 10
about 5,455.o0 tons, or the lowest
since June So, 1919.
A call loan renewal rate Of 81
establishment of a 6 per cent rate
change, yet this evidence Of more
plentiful funds was not a suffi-
cientiy strong market factor TO stem
the tide of selling. The renewal
rate IA usually posted around 1o:45.
Stocks ceased declining about an
hour latAr but the turn came simply
because the bears were through SELL
ing for the time and because there
were no more stop-loss orders to
help the decline along. This was
the first time since May "a that call
money had renewed as low as sh
per cent. In addition to the French
loan funds that are reported to be
seeking temporary employment.
commission houses state that some
money is coming from the interior.
Some Of the money being loaned on
the outside represents funds that
are to be used next week for the
payment of federal taxes.
Pronounced weakness OF Mexican
oils was feature of the early trad
ing today. Mexican Petroleum
opened points below yesterdays
closing and dropped two more
points, to 1o4h before a rally. The
weakness of this stock forced Pan
American Petroleum down more
than points. to 5Iii. preceding
quick rally to above So. General
uncertainty in regard TO the Mexi-
can situation was a factor in the
break. In particular reports of an
export tax of so cents a barrel 70
oe placed on crude oil produced in
Mexico effective July 1 served 10
drive the stocks down. American
oils were irregularly weak. An ex-
port tax on Mexican Oil. being in
effect protection for American nro-
duced oil. il was thought that the
rumors which forced the Mexican
issue down might be a bull point for
the American issues A bear mar
keI however. ignores good news.
ana the failure of American oils 20
respond may be explained accord :
insly.
The Washington herald., 1921-06-10
WOOL CONSUMPTION
APPROACHING NORMAL
Amount Used in March Was at the Rate Of
565,000,000 Pounds Per Year. Stocks
Still Large.
lBy the w..hlngte. Her.Id,. Economl.t.l

The bureau of markets has issued
recently a report on the consump-
tion of wool during the first three
months of 1921. The figures show
a very satisfactory increase over
the low consumption at the end OF
1920. The total consumption for
March. 1921. was 47.1s1,o 900 pounds.
grease equivalent, which Is at the
rate of about 65,0o0.000 pounds per
year. This is greater than our pre-
war average consumption.
The following table gives the to-
tai annual consumption and the
average per month for a series Of
years.
WOOL CONSUMPTION.
Total per year Aver. per month
The Washington herald., 1921-06-10
Nelc York States Idle
Army Still Increasing

ALBANY, y. V, June s.-Unem-
ployment in New York state is
steadily increasing. and in May
reached a point where it was greater
than in January, 1915, which marked
the highest point Of unemployment
during the depression of the winter
of 1s14-15, according to survey OF
the state labor department issued
today.
The unemployment is not all due
to business depression, the report
points out, but is due somewhat to-
strikes. this being particularly true
of the paper-making and printing
Industries
The Washington herald., 1921-06-10
'otaI ... .s24. 500. 900 SIS. $40 900

Inasmuch as our domestic pro-
duction of wool Is less than 300,-
600. 900 pounds per year, II Is neces-
sary to import relatively large
quantities. In the pr ewar years
about 40 per cent of our consump-
tion was foreign wool. During the
war the proportion OF foreign WOO;
was naturally increased to around
so or IS per cent. In March, 1921,
22,250.000 pounds. grease equivalent,
of the wool consumed was Of for
eign origin. This was about ~ per
cent of the total consumed. showing
a marked tendency towards prewar
conditions.
During the war stocks of wool
were abnormally large. The report
of the bureau of markets for the
quarter ending last December shows
decrease of about $4,000. 900
pounds compared to year ago
This is a decline of less than 10 per
cent. The following table gives the
stocks at the end of each quarter
year since 1918.
QUARTERLY W
(Pounds-O0
Grease EQ
The Washington herald., 1921-06-10

During the year the proportion
held by dealers increased to a
marked extent. Stocks in the hands
of the U. S. government are about
one-half those of a year ago, while
British government stocks have de-
creased 30 per cent.
In addition to stocks reported
here there are large amounts still
held by the growers. This is per-
haps not far from 10000. 900
pounds or over half the 1920 clip.
The new clip amounting to from
$50. 100000 to 100000 900 pounds is
now coming on to the market.
In addition imports have been
very heavy in recent months in an
ticipation of the new tariff. I'm
ports for the first three months to-
tai more than 1S2 100000 pounds or
5O,000.000 pounds more than our
consumption during the same Pc
riod.
Copyright. 1921, BY Washington Hsrald)
The Washington herald., 1921-06-10
Subsidy to British Cotton
Gr0Uers Will Be Doubled

MANCHESTER, Eng, June a.
British cotton producers will be
aided by great increase in the
government subsidy. Winston
Churchill informed the British Cot
ton Growers association here today
The speech was delivered as part of
the preliminary program of the
world cotton conference. which will
open soon with delegates from the
United States and other r-cotton-
growing countries in attendance.
The subsidy now Is $4,000 and
will be raised to f1.0o0, 900.
The Washington herald., 1921-06-10

The very heavy consumption dur
ing the war was. of course, due to
extraordinary demands. We are
now getting back to a normal basis.
A year ago we were consuming
The Washington herald., 1921-06-10

baseball game. followed by swim
ming contest for both men and
women.
Golf Tournament.
There are two golf courses, one
of Is holes and one of nine holes.
The 1S-hole course of $500 yards
will be used by the men for tourna-
ment play and the nine hole course.
which is less strenuous. being only
$500 yards. will be used by the
the tournament.
First day. June 12-Morning
round. four-ball foursome; best ball
against par: full handicap. (Note)
Should any couple be unable TO
make up foursome they may play
as a twosome and their best ball
with handicap will count Strokes
for handicap apply on holes as in
dicated on score card. Prizes for
the winning pair will be awarded.
Afternoon round-Two-ball four
some. players each side alternate
strokes) Medal play. half of total
handicap of pair. Only foursomes
can play in this match. Prizes for.
the winning pair will be awarded.
Second day, June 13-Afternoon
round only: match play between the
"Beef-eaters" and the "Vegetari-
ans" This event for twosome
matches only: Nassau three-point
system. Half of each players ham
dicap to apply on holes where
strokes are indicated On score card.
Prizes for all players on winning
side will be awarded.
=
devoted to private matches between
other entertainments already pro-
vided in program. No prizes in
connection with this match.
Tennis Tournament.
This tournament will start
promptly at 1880 Sunday morning.
June IL. and continue, for three
days.
All matches will be the best two
out of three sets The winners may
be called upon to play two matches
a day.
Two very handsome silver cups
will be given to the winner and the
runner-up.
All entries should be made to Mr..
Gould on train before reaching
White sulphur.
Information.
The special train of Pullmans. IN
charge of James B. Edmunds. gem
eral agent of the Chesapeake and
Ohio lines. leaving unisn station at
IL a. m. Saturday, June IL. will ar
rive White. sulphur $50 D. m. The
rate of s65 per person covers all
necessary expenseS including
transportation and Pullman fares
both ways. handling of baggage,
luncheon on train. room and meals
at hotel. The~special train of Pull
man sleepers will leave White Sui
phur at 1e:45 p.s M. Tuesday. June
-. arriving Washington z o'clock
Wednesday morning. mo tipping
incident to the above. This feature
Will be provided by the commit
tee.)
The Washington herald., 1921-06-10

sumption then was only a little
more than one-third as great as in
the preceding January. Consump-
tion in the first quarter of 1921 has
increased until in March a very sat
isfactory hgure was attained. The
following table gives the monthly
consumption for the last three
years.
WOOL CONSUMPTION.
(Pounds. grease equivaient.l
The Washington herald., 1921-06-10

The market closed to II points
higher.
The Washington herald., 1921-06-10
WASHINGTON PRODUCE.

Copyright. 1921, by Washington Herald }
The Washington herald., 1921-06-10

Total per year Aver. per month
fiscaI war Pounds Pounds
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14
FINAI.

Notice is hereby given to all cred
and other persons interested in
the estate Of James F. Larkin, de-
ceased, that the undersigned Execu-
tor will apply to make a final settle
ment Of said estate, at the February
term, 1921, of the Probate Court of
Lafayette County, Missouri, to be be-
gun ard held at the Probate Court
room, in the city Of Lexington, on
the second Monday in February, 1921.
THOMAS S. LARKIN,
Executor.
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14
FINAL

Notice is hereby given to all cred
itors and other persons interested in
the estate of John Rustman, deceas-
ed, that the undersigned Arministra-
tor will apply to make a final settle
ment of said estate, at the February
term, 1921, of the Probate Court OF
Lafayette County, Missouri, to be be-
gun and held at the Probate Court
room, in the city Of Lexington, on the
second Monday in February, 1921.
JOHNNIE RUSTMAN,
Administrator.
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14
PAGE THREE
N

Notice is hereby given to all cred
itors and other persons interested in
the estate Of Dorothea Schawe, de-
ceased, that the undersigned Executor
win apply to make a final settlement
Of said estate, at the February term,
1921, Of the Probate Court of Lafay-
cite County, Missouri, to be begun
and held at the Probate Court room,
in the city of Lexington, on the sec
ond Monday in February, 1921.
GEORGE C. SCHAWE,
Executor.
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14
FINAL SUPERINTENDENT.

Notice is hereby given to all cred
itors and other persons interested in
the estate of l. E. Wagner, deceas-
ed, that the undersigned Administra-
tor with will annexed will apply to
make a final settlement of said es-
tate, at the February term, 1920, Of
the Probate Court of Lafayette
County, Missouri, to be Begin and
held at the Probate Court room, in
the city Of Lexington, on the second
Monday in February, 1921
CLARENCE L. KINNEY,
Administrators with the will annexed,
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14
rrNAI. s-GnrIrAlrNr

Notice is hereby given to all cred
itors and other persons interested in
the estate Of j. F. Ritter, deceased,
that the undersigned Administrator
viii apply to make q final settlement
of said estate, at the February term,
1921, of the Probate Court of Lafay-
cite County, Missouri, to be begun
and held at the Probate Court room,
in the city of Lexington, on the Sec
ond Monday in February, 1921.
JAMES P. CHINN,
Administrator
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14

Among the calls received at
the Chillicothe Business College
last week were two from the
Trinidad, Colo, and Guthrie,
Okla. high schools for CONNER
cial teaehers, salaries $155 and
$3.50 per month respectively.
Adv
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14
FINAL ~SETTLEMENT'

Notice is hereby given to all cred
itors and other persons interested in
the estate of VIM. j. Morrison, de-
ceased, that the undersigned Admin
istrator will apply to make a final
settlement of said estate, at the Feb
ruary term, 1921, Of the Probate
Court Of Lafayette County, Missouri,
to be begun and held at the Probate
Court room, in the city Of Lexington,
on the second Monday in February,
1921.
JOHN MORRISON,
AI-.sAs.twoA.-
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14
PUBLIC ADMINISTRATORS
NOTICE.

Notice is hereby given, that BY vir-
! Of an order Of the Probate Court
Lafayette County, Missouri, made
the 18th day Of December, 1920,
e undersigned, Public Administrator
r said County, has taken charge Of
e Estate Of Arch Mitchell, deceased.
All persons having claims against
aid estate are required to exhibit
lem to me for allowance within six
ionths after the date of said order,
n they may be precluded from any
leneft Of such estate: and e said
claims be not exhibited within one
year from the date of said order
hey will be forever barred.
This 18th day Of December, 1920.
HENRY C. CHILES,
Public Administrator
Attested by Stephen N. Wilson Judge
Of Probate for Lafayette County
Missouri.
(SEAL) Dec. "a, 1920
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14
FINAL ~SETTLEMENT.

IS Notice is hereby given to all cred
itors and other persons interested in
the estate Of John w. Cauthorn, de-
ceased, that the undersigned admin
istratrix will apply to make a final
settlement Of said estate, at the Feb
Iruary term, 1921, Of the Probate
Court Of Lafayette County, Missouri,
to be begun and held at the Probate
Court room, in the city Of Lexington
on the second Monday in February.
1921.
FANNIE ]. CAUTH0RN,
Administrative
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14
.ER OF PUBLICATION.
Of MISSOURI,
Y OF LAFAYETTE-ss.
Circuit Court Of Lafayette
Missouri, at Lexington, in
November 29th, 1920.
x. Small. Plaintiff

Ildli.as--.s ---.=-4--.-.-s lAltibAiA
VS..
3 nown heirs, consorts, devil
; Oness, alienees, and immcdi-
esne, remote, voluntary and
,tary grantees of James Alb
ceased, William j. Ferguson
ed, Elizabeth R, Ferguson his
(if living) Peter Tiefel, de-
jackson Longdon, deceased,
Farmers Bank Of Missouri
tccessors and Assigns.
Defendants.
tate Of Missouri to the above
or described defendants,
IS:
are hereby notified that an
p has been commenced against
the Circuit Court Of the
Of Lafayette, in the State of
Il. at Lexington, affecting the
p the following described land
dement's, situate in the County
ayette and State Of Missouri:
xty acres off Of the west end
North half of the Northwest
r of section Twelve (12) being
)rthwest quarter Of the North
quarter and the West half OF
ortheast quarter of the North
auarter Of said section Twelve
Township FOrty-nine (49) OF
} Twenty-seven (27), which
lction is returnable on the first
4 the next term Of said Court
held at the court house in the
Of Lexington, in the County and
aforesaid on the 14th day OF
lary, 1921, when and where you
appear and answer or otherwise
I'd such action otherwise plain
petition will be taken as con
ID and judgment rendered accord.
z.
nd it is further ordered, that {
hereof be published, ACCORDING
aw in the Lexington Intelligen
a newspaper published in salt
nty of Lafayette, designated b.
plaintiff and his attorney of rec
for four weeks successfully, pub
ed at least once a week the las
rtion to be at least thirty day
re the first day Of said next Feb
~ Term Of Court.
W. L. TUTT. Clerk.
True Copy From The Record.
Fitness my nand and seal of tn
iuit Court of Lafayette Count
Goth day Of November, 1920.
w. 7. TUTT, Circuit CLERK
ALL
c. Wallace, Attorney for Plaintiff
2 Io00
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14

this 2lst day Of December, 1920.
w. T. TUT, Circuit ClerA,
BY FELIX G. YOUNG, Deputy
(SEAL) Dec. "a, 1920
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14
.,cco,rn comes the plain

tin MISSOURI attorney and files
peu gavit, alleging, among
! \ hat defendant Walter
b BfS% ksert and abandon the
Whei TN, it is ordered by the
Slerk obly id Court in vacation as
follows: oib the said defendant Walt
en- broVfd You are hereby notified
that the fplaintiff has commenced a
suit against you in this court, the
oDlt neral nature of which
is I p decree of divorce from
the matrimony heretofore
con uetween the plaintiff and
def the grounds that on the
lot April, 1910, defendant
did my reasonable cause or
an, rhatever desert and n
bar llaintif and that unless
sal t, Walter Brown, be and
ap mis- Court, at the next
ter to be begun and hold
en- ourt House in the City
Of in said county, on the
Ia February next, and on or
be said LIST day answer OF
pl petition in said cause,
tn u be taken as confessed,
ar I will be rendered accord
inc
Agl further ordered, that a
cor be published, according
&c iA lie Lexington intelligence
a ge published in said county
o. tie, designated by the
p4ina nd his Attorney of record
f. ,eks successfully, publish,
e. once a week, the last in.
s e at least fifteen days be.
fcfs st day Of said next Feb.
flarF to,n Of this Court.
F. T. TUTT, Circuit Clerk
1 iLIX G. YOUNG, Deputy
N 3 Copy From The Record.
my hand, and seal of thu
Faoi urt of Lafayette Count!
n ay Of December, 1920.
81. T. TUTT, Circuit Clerk
ELK G. YOUNG, Deputy
December "a, 1920
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14

January a, 1921.
The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1921-01-14
nRnER on PUBLICATION

COUNTY OF LAFAYETTE-ss.
n the Circuit Court Of Lafayette
County Missouri, at Lexington, Feb
rnarv term, 1921. In vacation, De-
cember, 1920.
susan Williams Major. Plaintiff
VS..
Emieon Grizzle and Ollie Reed,
A3lAAc~-e n-r.1A
The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1921-08-05
P. H. WILLIAMS TO ENTER
RACE FOR THE SENATE
Elizabeth City Banker Wants a Hand
in State Law Making

P. H. Williams of Elizabeth City will
be a candidate for the State Senate in
the next state election. While Mr.. Will
liams has made no public announcement
of his candidacy, he is making the fact
known among his friends. The an
nouncement of Mr.. Williams candidacy
will add spice to the campaign next
year. because he is going to have a fight
on his hands when he throws his hat
fairly into the ring. DR.. E. J. Griffin,
of Edenton, who now wears the Sena-
torial togs in this district will be a can
didate for reelection.
Friends of Mr.. Williams predict that
he will make a strong run for the Office
which he seeks. He is Methodist and
an Odd Fellow and will not fail to nurse
both. 1t is also pointed out that he
hardly neglected his opportunities to
build for himself an organization thru
out the district while he was District
Tax Supervisor under the Revaluation
Act of 1920. Mr.. Williams also carries
a strong following in the Savings Bank
& Trust Co. organization with it's 12O
or more stockholders in this and ad-
joining counties. He is the president
of this bank