davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-10-30

livestock dealers are compelled to
accept for their products, which are
sold to him at high figures. OF the
livestock dealers many are bank
rupt.
Stocks on the shelves of retail
merchants are considerably less
than normal, with old, high-priced
stocks fairly well disposed of.
A return to normal conditions Of
credit is dependent also upon Ques-
lions enumerated above. OF COM
mercial loans outstanding October
1, 10 to is per cent would come un-
der your definition Of frozen"
credits, and of these credits out
standing July ! / think it safe to
still outstanding. Considerable
further reduction in these credits Is
not probable until farm and ranch
products are advanced in price.
What will happen then is best evil
denced by the sudden business re-
vival in the South, following recent
advances in the price Of cotton.
The Far West.
NJ. F. Backus. president National
Bank Of Commerce. Seattle. Wash:
look for slow but steady i'm
provement in business during the
rest Of the year, unless conditions
change adversely as the result Of an
economic collapse in Germany or
the failure of the disarmament con-
ference to achieve expected results
A pronounced and continued i'm
provement may be looked for only
when above factors are satisfac-
toriIy disposed of and when foreign
exchange rates again approach nor
malcy and organized labor recog-
nizes the fact that it also must
liquidate.
These I believe are the retardins
influences.
could only guess at answers to
questions FIVE to eight.
Frozen credits in this district are
being steadily liquidated and credit
conditions generally are improving
F. L. Lipman. Wells-Fargo Ne
vada National Bank, San Francisco:
I believe the tendency is for con-
ditions to change gradually, and
therefore I should not look for a
turn so definite that 1t could be
called pronounced.
Improvement in liquidation is
still going on, but even today the
trade outlook for staple commodi-
ties is more for lower than for
higher prices. Some businesses.
.however, appear definitely to have
reached or passed the lowest stage.
Since 1914 business men have
been affected by general influences
outside their own particular line
more than by conditions within
The Washington herald., 1921-10-30
PRICES OF YELLOW
PINE LUMBER RISE
Better Grades Reported in
Great Demand and Hard
To Obtain.

ST. LOUIS, Oct. 29.-In its re-
view of lumber trade conditions,
Lumber says this week:
active and aggressive demand
for yellow pine, with many manu-
facturers unable to make further
bookings for prompt shipment, has
resulted in the further substantial
advances in prices with the higher
grades very strong and difficult to
buy even at the advanced prices.
Flat flooring, 1x4, quoted this
week at SIS, Chicago, is at the high
est point since last November and
shows a gain of 40 per cent from
it's low point. Higher quotations are
being made and further advances
are probable.
Common grades are advancing,
but the gains in these are moderate.
averaging 10 to 20 per cent on the
various items from their low point
Douglas FIR is in steadily increas-
ing demand and price advances have
been firmly sustained. with some
further gains in a few items. Large
purchases of high grade car material
by Eastern interests have acted as a
stimulant in an already active mar
ket. Logging operations are getting
under way more substantially and
production is increasing with the
prospect that demand will be fairly
maintained.
The hardwood market shows dis
tinct improvement, with betterment
more pronounced in the Southern
woods. Furniture factories and
flooring mills are buying actively;
tt cir requirements are principally
for upper grades, and price advances
have occurred in these items. Lower
grades are still in slow demand,
though a slight improvement is seen
in No. 2 common oak and gum"
The Washington herald., 1921-10-30
BALTIMORE GRAIN.

BALTIMORE. Oct 2s.-wb.a,-
NO. red winter. spot no ouots .
tons; No. ? red winter. spot, ,I.l2E .
NO. j. 3Losk; No. ? red winter. gar,
neky. spot fIOSK: October wheat
Corn-New yellow cob corn. ouo,.s
at 12.45a2.5o per Dbl for deferres
shipment Contract corn, spot Sec:
track corn. yellow, No. 2 or better.
domestic, CSC.
hye-Bag lots OF nearby rye, as
70 quality. soasoc per bu; No /,
western export spot SIC per nm.
No. 8, no quotation.
Hay-Receipts. so tons: r.nre
*l6-ooa2L0O per ton, with littI. a.,
mand.
straw-No. l straight rye, noni-
nal; No. straight rye, nominal: No
l wheat SIS; No. Loaf; yIlsOaiE o..
The Washington herald., 1921-10-30

their trade; but now such general
influences have lost much of their
potency, leaving each trade for the
most part subject, as formerly, to
its own supply and demand Per-
haps the most important general
influences still remaining are, hrst
income and excess profits taxes
which restrain business enter
prise, and, second, the unliquidated
labor situation which produces dis
tortion in costs as among difer-
ont industries.
With the progress Of liquidation
credit conditions are already
showing signs Of normally, but
this point will not be fully reached
until the available supply of funds
again completes for gilt-eoge bust
ness advances.
The Federal Reserve Bank re-
of retail stocks on Semtember / OF
Is l-2 per cent as compared with
the same date last year.
am unable to guess the pro-
portionate amount of commercial
loans now representing frozen
credits, but I believe that except
perhaps IN sOuic OuS-SiSp COihieh
tiles the actual percentage Of vol
unre is small, for this percentage
does not need to be intrinsicSlly
large 1 norder to produce such ef-
fects as have been seen on the d.
nancial market.
The course of eventual liquida-
ton in these frozen loans is bound
to be slow, but IL tends TO improve
steadily. In this district such tie
ups as relate to farm products
should be largely cleaned up dur
ing the current season.
The Washington herald., 1921-10-30
BALTIMORE PRODUCE.

BALTIMORE. Oct 1s-chieken,
Altve-Springers. per pound 80
poor and white Leghorna. lSa2O,
old hens, 2lA24c; small ana viii.
Leghorns' lSa20c; old roosters, l5s
lec. Ducks. 2oa27c; geese. 25a2Sc
turkeys, soa3sc; pigeons. pair. s5a
soc; guineas fowl, each, 4Oa75c.
Eggs. loss oi-Native and near.
by, nrsts, per dozen, SIC: Southern.
SIC.
Butter - Creamery, fancy, pei
pound, 4sa5oc; prints. 4ss5lc; near
by creamery. I5a46c; ladies. 3OE3aC,
rolls. f7a50c; store-packed, 2TcI
dairy prints. 2sasOci process but
ter. 35a37c.
The Washington herald., 1921-10-30
Diagnosis of Business.

What IL the business situa-
ton today7" and when 10 the
business revival to conner" These
are the questions Of widest in
terest asked today.
The Washington Herald pub
fishes today the first installment
ness news, in the telegraphic
answers by leading bankers to
specific questions on the busi-
ness situation. This symposium
will be continued for ten days
or more, and will embrace sim
liar surveys Of several fields of
business.
Side by side with this news,
The washington Herald offers
probably the most important
group Of articles ever presented
by any newspaper on the bust
ness outlook and lessons OF the
present depression by a number
of economists and executives Of
large corporations. Some Of
those who will write are:
Edwin walter Kemmerer, chief
Of the department Of economics
anu HHdhSS Oh EEluCSNOu JIM
versity.
Clarence Mott wooIIey. presI-
dent of the American Radiator
Company.
David F. Houston. former Sec
rotary of the Treasury.
Melvin T. Copeland. professor
OF marketing and director of bu-
reau of economic research, Har-
ward University.
Leo woIman, in charge Of the
research department of the
Amalgamated Clothing Workers
Of America.
Henry 8. Dennison. president
of the Dennison Manufacturing
Company; member of economic
advisory committee Of the Pres
ident's unemployment confer
ence.
The Washington herald., 1921-10-30
BUILDING COUNCIL
GAINS In ASSETS
Building and Loan Associa-
ton Elects Clinton
James President.

The annual meeting of the Build
ing and Loan Association Council
was held at the board room of the
Oriental Building and Loan Asso-
citation. Sixth and F streets north
west, on Friday, October %, 1921.
The president, C. Clinton James,
in his report stated that he had re-
ports for the year ending June 80,
1921, from the twenty-five building
and loan associations doing business
in the District of Columbia, show
ing a total membership of 1851
and total assets of s31.3SO,790.73.
This shows a gain in assets for the
year ending June 80, 1921 of $2!06S,-
2S3.75 and a gain in membership OF
$500. The following officers were
elected: c. Clinton James, pres
ident; William S. Quinter, vice pres
ident; James NJ. Woodward, secre-
tary; John Shughrue, treasurer, and
the following were chosen members
of the executive committee: Charles
H. Bauman. Arthur Carr. Charles H.
KindIe, Wharton E. Lester, Julius
Maedel and James F. Shea.
Attention was called to a letter
written by Secretary Hoover to the
United States League while in con-
vention in New Orleans, in which
he stated: 81, through you, express
to the building and loan associa-
ttons of the United States my sin
cere hope that their work may
greatly extend during the coming
year. Your associations, true peo-
pies banks. popularity. controlled
and locally managed, have sprung
up voluntarily throughout the
country.
Encourages Thrift.
Through the system of weekly or
monthly deposits by their share
holders they encourage thrift
throughout the nation. Through the
system Of amortization, in wien the
building and loan associations were
the pioneers, they have made their
assets sound and worthy or conn
dence.
Through loans principally upon
homes they are an fundamentally
not only in solving the housing
problem, but in developing self-re-
lance Of our citiZenry. 1t is my
earnest desire that the building and
loan associations of the United
States should be encouraged by the
public-spirited citizens in every To-
cality."
It was announced that the next
national convention will meet In
Portland, Me-, July 10 and 20, 1872.
REPORTS were submitted by Secre-
tary James NJ. Woodward and
Treasurer John NJ. Shugrue.
The Washington herald., 1921-10-30
CHICAGO LIVESTOCK,

CHICAGO. Oct 2s-cattIe-Prtn.
steers ss-boal2.Oo; good 20 choic.
neavy steers Ss.0oalo.oo; fair 10
good steers, fs.sOas.2S; yearlinF.
talr to choice, {S.SOalz.4o; teedInF
steers 3s.o0a675; heifers, s5.OOss m
Hogs-choice light butchers a. al
30 medium weight butchers s7.25
af:'s; heavy butchers, ss.s0s7 "a.
tair TO fancy light y7.OOag. 90: hesyy
packing, 3e.5oaZ0o: rough packing.
|S.1Sa6.5o; pigs, t7.25aS.2S.
sheep-Western lambs, 3s.oOss q.
native lambs, 37.5Oas.26; feeding
lambs '6.ooas.OO; Gull lambs, 81 GOA
e.O0; yearlings, s5.OOa7. rs: wetb.rs
|S.sOa5.50; eyes, $2.OOa5.OO.
The Washington herald., 1921-10-30
PRODUCE MARKETS
WASHINGTON PRODUCE.

'Eggs-Strictly fresh, Soc; average
receipts. 4sa4sc; Southern, 47atsc.
Poultry alive-Roosters, h. 1ba
lee; turkeys, h.. 3sa4oc; chickens,
spring, h.. 12a23c; hens, H., zza
a5c; keats. young, 5oasoc; dressed
fowls, 25a3Oo; fresh killed chick
ems, lb., 32aS5c; turkeys, H., +ba
4sc; keats, young. each, eoa75c.
Avestock-Calves, H., 1zalzdc;
lambs, choice, Sasc; hogs, Shc-
The Washington herald., 1921-10-30
COFFEE MARKET.

NEW YORK, Oct 2s.-Recent
heavy buyers Of December contracts
were again in evidence this morn
ing, but they displayed much less
aggressIveness than heretofore. Hence,
while the general trend was stu
upward, there was considerable hes
itation. the gains being limited to
S to 10 points early in the session.
as considerable proft-taking pressure
appeared on all the advances.
The Washington herald., 1921-10-30

tend back to the earlier years COW
cred. indeed the line from 1877
1884 Is based on pig-irOn produc-
ton alone; and II is not until 1903
that all eight series are available.
What the Chart shows.
This chart is a graphic summary
OF the eyclical oscillations of
American business above and be-
low the normal expectation for
each year since 1877. 1t pictures
the revival of prosperity that fol-
lowed the resumption of specie
payments and the humper>crops of
1878, the prosperity of the early
eighties, the crisis of 1884, the re-
viva1 of 1855. the boom of 1889
90, the slight share of the. United
States in. the crisis of 1890, the re-
vival that followed the extraordi-
nary harvest in 1891, the great
panic OF 1898. the prolonged hard
times that followed interrupted
by the brief and partial revival of
1881 the return of prosperity
thati began in 1897, our partial
share in the European crisis of
19O0.' our own rich mans panic
in 1903, the revival that started in
the autumn of 1904 and grew into
the boom, Of 1906, the crisis of
1907,i the rapid revival in I9OS-Os,
the reaction in 1910-1l, the i'm
PROMINENT In 1912, the return of
dullness in 1913 merging into the
deep. depression of 1914, the up
ward rush, to a new peak of pros
periuN in 1916, the difficulties of
maintaining business at this peak
afteS we entered the war, the brief
DEPRESSION that followed the arm
istict, the new boom that sur
prissd US IN 1919, the turn of the
tide in 1920, and the deep depres-
sion of 1921-a trifle deeper than
any Of its predecessors shown by
the Eharti - =
No one who studies this chart
with a realization of the vast mass
of practical experiences which II
sums up year by year can doubt
that business is really subject to
cyclieal oscillations. The chart
giyet no warrant for thinking of
the business cycle as a strictly
uniform sequence of precisely the
SAND phenomena But 1t does sug-
gest thatIf the oscillations of the
neari future follow the precedents
Of nifty years the now vacant col
umni for 1922 will be filled in by
a line not unlike the lines of 1879,
1885, 1887 1s04-05, or Is0s-0s.
Such line as that Of 1915 is
SCARCELY ns'to be expected and
SCARCELY 10 be desired.
The Washington herald., 1921-10-30
SUGAR MARKET.

NEH YORK. Oct. 2o.-rAs sugar mark.t
closed Unchanged.
- Hirh Low Close
The Washington herald., 1921-10-30
Breadstuff Movements

NEW YORK, Oct. 29.-The following
shows the movements Of breadstutfs at New
York today In bushels Of grain and barrels
Of -four: -
The Washington herald., 1921-10-30

Some Of these series do not ex-
tend back to the earlier years COW
cred. indeed the line from 1877
1884 Is based on pig-irOn produc-
ton alone; and IT is not until 1908
that all eight series are available
Phillips County herald., 1921-12-30
County School Notes
Mrs. EmmalIne Gentert. teacher {

Mrs Emmaline Gentert. teacher OF
the Evans school in district No. 26.
is visiting relatives In Nebraska dur
ing the holiday season.
Mr.. and Mrs. James Hinkle and
Miss Mabel Schultz are visiting with
Mrs. Hinkle's parents at Fort Collins
during the holiday vacation.
+. l.. wilkins and C. u. Jessen. d.
rectors of district No. IS. were bust,
ness callers at this Office last Tues.
day.
Miss Hazel Fuller returned to the
Iiaxtun schools as teacher In the Jun.
ior high school. succeeding Eric See.
burger. who resigned on account OF
having to return home to assist his
father. who is an invalid. Miss Full
Ter had charge OF the English. Art
and Penmanship last year
BY order OF the county superntond.
cnts OF Phillips and Scigwick coun
ties joint district No. IS will cease to
exist on January |. and instead two
new districts viii come into exist
ence. District No. IS In Phillips coun.
~ viii comprise the territory lying
wholly within Phillips county and dis
trict No. IS In Sedrwick county viii
comprise the .o,rltury wholly within
Sedgwick county. The proposition
to divide carried nt a special meeting
held September 9. 1921 and at Joint
meeting held by tho county supefin.
tendents at Julcsburg. october 81 the
result OF the special meeting was ap.
proved 10 become effective January
1. 1922 Myron l.. Hart will succeed
Y. l.. wilkins ms secretary and. to.
gcthcr with Herb Mcakins and &. H.
lesson. VIII constitute the school
board OF the district within Phillips
county.
Arthur X. Goodman Of Loyoland
was n business caller at the Office
last Saturday. Mr.. Goodman viii
teach winter term OF school In
South Dakota. hut expects to return
10 Colorado next summer.
This office received holiday greet
lng from A. h. Tenny Of Draper.
South Dakota Mr. Tenny taught
In districts six aud eight several
years ago. and win be remembered
by the patrons Of those districts.
Amherst consolidated schools aud
phlorndo school report holiday enter.
,ninmcn,s. phIlorndo school gave
th.lr entertainment last Thursday
evening aud Amherst on Friday oven.
ing.
with the holiday season vacation
four months Of the years school Of
io2i.22 has passed and five months
yet remain y complete tho years
woyk. So "a The years work ha.
Phillips County herald., 1921-12-30
Lakeside NeUs

a baby girl arrived at the home OF
Mr.. and Mrs. Herbert Mayo Sunday
evening. Mother and babe are doing
fine.
Rev. Benefits ear gave quite lot
Of trouble Sunday while he was re-
turning from church. He turned east
nj the wrong corner and ran into the
sand hills north Clarence Guern.
sey's. whore his car stopped for good.
Seeing light. he walked to the
Guernsey place. and Mr.. Guernsey
took him to Holyoke,
Mr., and Mrs. Miell visited at the
idc home Monday
Tuesday. while working on the barn.
Mr.. Lamar fell from the top. hurting
himself quite badly but not seriously,
"Wednesday all tn, high school stu
dents returned TO their homes TO
spend Christmas vacation.
Mr.. Otis ldc aud Mrs Edith Prtch.
ard went to the picture show Thurs.
day night and returned home man
and wife.
Asher rphouse spent Christmas at
the Miell home.
Clarence Guernsey aud family ato
Christmas dinner with Robert Taylor.
The Ide family took dinner ut Ey.
erctt Rowc's Sunday.
Ray Miell visited at c. A. Mowry's
Sunday afternoon.
A large crowd attended tho pro.
gram and Christmas tree Saturday
After the program the crowd escort.
Phillips County herald., 1921-12-30
Liberty Items

A large crowd enjoyed the splendid
program given by Mrs. Hinkle Thurs
day night. The children each re-
ccived nice gift and treat.
Mr.. and Mrs. Hinkle and sister.
Miss MabIe Schultz. went to Fort Col
lirs to spend Christmas with Mr..
lIinkle's mother.
q. Krisler and family were called
east. owing to the sickness OF a rela-
tive.
Floyd Cartons went to wray to
spend Christmas with relatives.
Miss Rosa Hutens has been visiting
her aunt, Mrs. Dave Lounsburry.
Most famcrs are done gathering
corn In this district.
Burton Morris returned home satur-
day
Mr. John GchrInger is on the Jury
list this week.
II. T. Ensmlnger and family ate
christmas dinner with John Gohr-
niger.
Mr. Dave Lounsburry ate Christmas
dinner with c. c. Lounsburry
Phillips County herald., 1921-12-30

One Of the most traits Of the political plascehe man
who protesting great devotion Constitution and always
bcyng ii dregajng it's that Of constantly expressing the fear
that the people have their MINDS poisoned by false doctrines hence
the Of ccnorng the and circumscng public meetings
and arbitrarily furnishing for expressing dangerous views
As matter Of fact there difficult 10 lead nsray and
whose keeping the true principles OF free government safe
the citizen Those who do not believe that the people
bic OF choosing their representatives Of and wisdom who
do not believe that they fitted TO select and approve the we aud most
laws institutions which the nelcc of the time
give mud will do and who do not believe the fccs discussion
the people do not in nc believe in popular go,crnmnthe have mis-
taken the y oodng Of the uniformed for the larger outlines of
great faith
The whole supcrsucture Of American institutions rests upon The
principles Of constitutional morality Let respect laws and the
provisions Of Constitution they made and exist from
time 10 time 1t right and it ia privilege which free people
will surrender change the Constitution modify it, TO rewric it.
But a exists at particular mc obedience 10 and respect for its
provisions and American republic
Phillips County herald., 1921-12-30

ed Mr.. and Mrs. Ide to their home
and received the treats.
There was no Sunday school Sun
day.
We wish to express our gratitude
for the kindness OF our friends and
neighbors during our recent fire and
the building OF our home.-Mr and
Mrs. Henry Struckmeyer and family.
Phillips County herald., 1921-12-30
Fine Calendars

The Phillips County State bank
puts out as fine calendars as any in
stitution in the state. They have a
medium-sized one for all customers
and large one 3x4 feet for business
firms. The title of the picture on
the large one for the year just clos.
ing is There's a Long, Long Trail
A-winding," most beautiful home
scene. The picture on the calendar
for 1922 is fishing scene-five men
with rod and reel-in q stream, one
with his hands about two feet apart,
the other fellows eying him with a
grin. The wording is 1.-THE Biggest
Ones Always Get Away" The pic
ture on the smaller calendar. Loves
Miracle is Of a mother and child,
and is hand-painted.
Many of the calendars the bank
puts out find their way to the pic
ture trainers place. where the calen
dar pad drops into the scrap pile and
the picture into frame and later
adorns some home or Office. 1t is
needless to say the advertising the
bank gets from calendars used in this
way is nil.
A mouse in corner might hear
something like the following when
Mrs. A calls on Mrs. q: During the
stay Mrs. A says. why, where did
you get that beautiful picture?" Mrs.
B answers 81 cut that from one of
the Phillips County State banks cal
endars. Did you not get one?" So
Mrs. A. on her way home. stops at
the bank and asks for calendar,
saying she saw the picture from one
framed while calling on Mrs. B.
OF course. the bank officials are de-
lighted to give Mrs. A calendar, to
add one more picture to her home
decorations. but generally under such
circumstances they are ''ail gone"
Phillips County herald., 1921-12-30
sHeLL.alMMeo GLASSES $3.50

am now supplying the new large
vision shell.rimmed glasses at $3.50
and upward. including thorough ex-
animation OF the eyes. Children's
eyes a specially. Frank E. Colby, OPP
tometrist. at Sears hotel. room s, next
Wednesday. January 4.
Phillips County herald., 1921-12-30
MIR. and Mrs. Frank Austin Entertain

MIR. and Mrs. Frank Austin Entertain
The Austin home was the scene of
happy gathering on Christmas day.
when Mr.. and Mrs. Frank Austin EN-
tertained few friends and relatives
at an elaborate Christmas dinner. The
table was beautifully decorated with
cut flowers In the seasons colors and
fairly groaned beneath bountiful
feast of good things to eat. a Christ
mas tree added much to the joy OF
the occasion. and each person was
presented with Christmas remem-
brance.
Mr.. Austin is just recovering from
very serious illness. and his many
friends will be pleased to learn that
he was able to sit at the table and
do full justice to tn, seventeen-pound
turkey.
Those present were Mr. and Mrs.
c. w. Heller: Mr.. and Mrs. George
Utesler. and Mr.. Utesler. Sr.: Mrs.
Millage: and Mr. Walker. who. with
Mr.. and Mrs. Austin and their ten
children. spent happy day.
Phillips County herald., 1921-12-30
The Most Vital Problem in American
Politics at the Present Time
by W. E. BoRAH, u. S. Senator From Idaho

II MAJ sec.n incredible to many, bu. TO me Tie
most vital problem in American politics at the present
time is the preservation Of the great guarantees Of
civil liberty found in our Constitution, and so long
supposed to be and Indispensable. 1t may seem
still more incredible when the opinion is confidently
yenured that these principles, the safeguards OF our
liberty. are not so much in danger from those who
openly oppose them from those who, protesting to
believe in them, are willing TO ignore them when
found inconyenient 10 their PURPOSES.
Phillips County herald., 1921-12-30
NOTICE TO FIRgMeN

The annual election of the depart
mcnt viii be held Thursday night.
January 8, All members requested to
be present. by order OF chief.
Phillips County herald., 1921-12-30

proven satisfactory with but few ex.
ceptions. but great deal yet remains
to be accomplished In order TO com
plete the work satisfactorily In the
end
Phillips County herald., 1921-12-30

Burton Morris, who was sent to
Buena Vista last June for from two
to FIVE years. has been released. He
got home In time for Christmas.