davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-05-31

from a customer for necessary aid In
financing operations. The Federal Inter-
national Banking Corporation has been
advised by the War Finance Corporation
to go ahead. Eugene Meyer. Jr, told
our organization that ample funds for
all of its needs were at It's disposal and
exporters are experiencing no trouble In
financing their exports"
Another prominent banker also de-
cared that the problem was one Of
export demand. There is no solution, =
he said. until Europe starts buying our
cotton, hard woods and pine. There is
no dearth OF money for all the business
the South has or can get"
"As soon as long term credits are
extended 70 European buyers OF Anerf-
can cotton and American lumber and
American manufactures, conditions in
country win start on tho upward trend"
said c. r. J. Mooney. member OF the
directorate OF the Eighth District Fed
eral Reserve Bank to-day. Europe
must start buying before there is n
trade resumption here and until Europe
can be persuaded 10 start trade moving.
conditions will continue to be quiet In
the United States. People In the old
world cannot buy unless they get favor
able terms and long time credit"
The New York herald., 1921-05-31
$4,000, 900 Order Lost
By Lack of Credit.

Special Despatch TO THE NEW YORK HERALD.
PITTsBURHG. May 3o--"The Pittsburgh
bankers will lend every means at their
disposal to help the farmer and to stlmu-
late and develop foreign trade" declared
Alexander Dunbar, connected with the
Bank OF Pittsburgh, and president OF the
Pennsylvania Bankers Association.
while no definite plan for giving aid
has been formulated nevertheless the
matter has been under discussion. Pitts
burgh, more than any other city. is vital
ly Interested In promoting the welfare of
the farmers of this country and in Sc
curing foreign trade. TO keep our indus
tries engaged twelve months year.
"The depression which exists In our
community can be attributed to a large
extent to the inability OF the farmer to
purchase his machinery and also 70 the
loss Of foreign orders. Only last week
an order for $4,000. 900 was lost by one
OF our local concerns through inability
to extend o long term credit to the Paris
interests who wished to place tho order
here"
The New York herald., 1921-05-31
Texas Banks Report
Farmers BorrotU Less.

Special Despatch to THE NEW YORK HERALD.
Houston, Tex, May 30.-c. S. q. Hol-
land, vice-presldent Lumberman's Ma
tional Bank, said: The Banks Of Hous-
ton recognize agriculture as the basis OF
wealth in the West and Southwest and
are doing everything possible to pro-
mote its development. The Houston
banks have not been called upon by
farmers this spring to the extent that
was anticipated. which indicates that
they are going ahead without borrow
ing. Most OF the Houston banks are
carrying no re-discounts with the Fed
eral Reserve Bank and bills payable are
very small.
Houston Is very much interested in
the development Of foreign exports, par
ticnlarly such commodities as cotton and
rice. This is evidenced by the fact that
nearly all clearing house banks hold
stock in the Foreign Finance Corpora
ton headquarters, New Orleans. organ
lied under the Edge Act to promote ex-
ports OF certain commodities.
Cooperative marketing associations
are being organized in Texas by the
farm bureau. The bankers Of the States
have pretty general endorsed the plan
OF cooperative marketing"
The New York herald., 1921-05-31
Long Time Financing
FaUored in the West.

Special Despatch TO THE NEw Yosx HngiLD.
KANSAS CITY, May 30.-Speaking both
ms banker and as member of the Clear
ing House Association, ". II. Kemper,
chairman Of the directorate Of the Com
MERGE Trust Company. the largest agri-
cultural and live stock bank in this
state. said:
General feeling amors Western bank
ars is IN favor OF the long. time financing
plan outlined by Gov. Harding last week
Gov. Harding's remarks here May 81 on
necessity and plans for agricultural
financing met general approval
"As TO foreign trade, Western bank
ers do not favor the proposed change
of foreign for their local bonds and Sc
curities. a plan OF export financing is
regarded necessary, but must be made
along other lines"
The New York herald., 1921-05-31
TUin Cities Bankers
For Credit Extension.

Special Despatch to THE NEW York HERALD.
ST.. PAUL, May 30.--Twin Cities
bankers are q unit in their expressions
favoring extensions of credits to aid
farmers and stock men. r. c. Lilly,
president of the Merchants National
Bank called attention to the fact that
the White House plan Is but national
extension Of the work that has been
performed by st. Paul and Minneapolis
banks during the last few years.
On Saturday arrangements were conf
pleted whereby S1,000.000 is to be adj
vanced wool growers in Montana to en-
able them to hold their wool clip until
the market becomes stabilized.
Members of the Ninth District Federal
Reserve Bank have also made heavy ad-
vances to rural banks in North Dakota
where farmers we're unable to liauidate
obligations owing to losses OF crops by
drought.
The condition OF St Paul banks is
excellent. and they viii be able to con-
tinue financing the Northwest ags-icul-
turists as they have In the past. Cen
orally u is felt that the sectional con-
ferences called by President Harding
should beneficially affect the general
understanding OF uroblems which have
arisen during the period of readjust-
ment
The New York herald., 1921-05-31
WORK IS DUPLICATED.
IN CITY AND COUNTY
Meyer. Investigating Com.
mittec Sees Way to Bring
About Economies.

The possibility of accomplishing econ
onlies in the government of New York
by abolition or consolidation of the bor-
oush and county governments within the
city will be one OF the Important fca-
lures upon which the Meyer investigat-
ing committee will report to the charter
revision committee. Senator Schuyler NJ
Meyer, chairman. said yesterday.
Each Of the five boroughs maintains
a separate organization, which performs
virtually the same functions for each
borough. a situation that in itself sug-
gcsts feasibility Of consolidation. It
does not appear. it was stated, that
county governments offer much range
for change OF detail, though the office
of Sheriff Is one which it has been sug-
gested might be eliminated and its
duties added to those Of the Police De-
partment. Tho fact that the county
governments are virtually outside the
control OF the Board of Estimate, while
The board Is compelled by mandatory
legislation to provide tho money TO run
the county governments. also will re-
ceive attention.
The New York herald., 1921-05-31
Foreign Trade Held
As Needed Relief.

Special Despatch 10 THE New YORK IiEElD.
INDIANAPOLIS, May 30.--Felix Nc
Whirter, president of The Peoples State
Bank of Indianapolis: 'Tt seems TO me
that the proper financing of foreign buy
ers Is positively essential TO successful
movement OF the products OF the Middle
West. Any substantial action toward
this end will have the support not only
of our banks and bankers. but OF the
business men and the farmers OF the
territory because they are thoroughly
of the opinion that the current of for
The New York herald., 1921-05-31
NATIONS BANKERS
BACK HARDING PLAN
Extension Of Credit Facili-
ties Held Necessary to
Stimulate Exports.
CANVASS OF SITUATION
CANVASS OF SITUATION
Development of Foreign
Trade Depends Largely on
Long Time Loans.
AWAIT EUROPEAN BUYING
Experts Believe That Will
Bring Business Revival-Re-
ports From Many Cities.

Bankers and heads OF financial in
stitutions throughout the country are
enthusiastic in their approval Of the
plans formulated by President Har-
ding and the Cabinet at conference
last week with several international
bankers, for the extension of existing
credit facilities and the creation of
new facilities for financing the coun-
tiy's exports on a credit basis. The
plans also contemplate the assistance
credits necessary in the aid Of agri-
culture and other producers at home.
To ascertain the attitude of the
banking community in the principal
cities of the country toward these
plans Of the nations Chief Executive,
THE NEW YORK HERALD instructed it's
correspondents to sound leading finan-
ciers and bankers on the subject. Re-
plies show the weight of opinion is
distinctly favorable to the plans. Do
mestio bankers stand ready now as In
the past to do their share toward
financing agricultural and other do
mestic producers with such credits as
they need.
In the matter of financing export
trade, which involves the extension of
long and large credits to buyers abroad,
It is felt that this can best be done by
private and international banking
firms whose deposit funds are not. as
those of State and national banks are,
subject to immediate calls for with
drawals which must be met at all
times.
With such extended credits made
available through cooperation with the
War Finance Corporation and other
governmental agencies, 1t is believed
that the processes of defation will be
checked: that the rapidly dwindling
volume Of the nations exports will be
brought back to normal conditions,
and that renewed activities in all
forms Of commerce will result, to the
benefit not only of the United States
but of the world at large.
The sentiments expressed by bank
ers interviewed on this subject by THE
New York HERALp's correspondents
follow:
The New York herald., 1921-05-31
Special Facilities
Urged as Essential.

Special Despatch to THE NEW YoRK HERALD.
BALTIMORE. May 30.--waldo New
conner, president of the National Ex-
change Bank and president OF the
Baltimore Clearing House Association.
who has made study OF this s.,bject,
beiives the plan proposed could not be
improved upon.
The great trouble Is that a long
credit must be allowed buyers abroad
and no institutions having deposits that
may be withdrawn on demand can risk
the financing of such proposition.
This can be done only by foreign
trade financial corporation which has
no guch deposits.
"If We send machinery abroad the
purchaser however solvent and honest
he may be, could not possibly pay until
the raw material has been manufactured.
and this will take anywhere from six
10 twelve months. And even then the
rate OF exchange which Is from fifty to
seventy-nve per cent greater than here.
The New York herald., 1921-05-31
Relief Expected When
Europe Starts Buyiup.

sptcFdI UcsputcH 70 TIE NV York HERALD.
MEMPrrr: :, Tenn. May 30.-"Resump-
ton OF business waits only on buying
In Europe" X. Brinhley Snowden, vice.
president Of the Bank OF Commerce and
Trust Company and director In the Fed
eral International Banking Corpora ton.
declared to-day. ut IL not q matter OF
credits. There Is ample money for all
OF the needs OF the planters and this
bank has vet to reject an application
The New York herald., 1921-05-31

credits, now possible by its ability to is
sue debentures to ten times its paid in
capital.
If the plan to raise this 10 one hun
dred million dollars IL carried out It
would be possible to issue credit to one
billion one hundred million dollars. am
satisfied that bankers vino have made a
study of the situation. with known ex-
listing conditions, will recognize this as
the only way 10 the establishment Of
stable conditions"
The New York herald., 1921-05-31

eign trade is necessary 10 relieve ne
stagnation of recent months.
ITO us the foreign trade anaucirg
corporation seems tho logical vehicle Tor
executing any movement ~ fnnr for-
eign buyers Strong GONsrnEWf alA
undoubtedly would .ada strcuhfh ~ ts
activities, and we hope tor thlH Or
ganized and functloning Il osfors a
handy vehicle for quick ana effective
The New York herald., 1921-05-31
ENDS LIFE WITH POISON.

NEWTON. N. j.. May 3o.--John b.
Howell, 81, retired business man. who
had lived alone for seven years at
Branchville, twelve miles from here,
committed suicide to-day by taking
poison. He had recently worried about
losing his money and property and had
turned over his handbook and most OF
his belongings 20 "a neighbor for safe
Keeping.
The New York herald., 1921-05-31

would preclude bank from advancing
the money. 4sNGxxA
"It is my judgment therefore that
no bank can afford TO give long term
credits, and that only special companies
can engage in this business"
The New York herald., 1921-05-31
Michigan Bankers
Alive to the Problem.

Special Despatch io TIM NEW yonr Hramn.
DETROIT, May So.--John w. stalcy,
president Of the Peoples Savings Bank
and president Of the Michigan Bankers
The New York herald., 1921-05-31
ADJUSTMENTS.
ADJUSTMENTS.

AAEacAs FoNEAlosT THEATRES &HIrs DIREcfoN LEa
The Clayton news. (Clayton, N.M.) 19??-1954, 1921-10-29
REBECCAs STORM THE
ODD FELLOWS LODGE

A real surprise was pulled on the
Clayton Odd Fellows lodge on Thurs
day night that proved TO he a very
pleasing event. While the lodge was
deeply engrossed in business mat
lcrs, an alarm was heard at the door
and upon inquiry it was found that
ghosts and hob-gobblins had come.
Tho lodge was declared at ease and
in came an army of spooks dress
ed i'm sheets and carrying member
ship application blanks i'm their
hands, OF course, the Odd Fellows
were not Out-dOne and the unmask-
ing of the ghosts revealed the wives
of the members who were Rebec-
cas-.
The next order was the serving of
a regular Halloween supper of hot
coffee and all kinds of pies. A very
pleasant evening was spent and the
Odd fellows don't care how soon the
Rebeccas visit them again, especially
when the ammunition used in the
is pie.
The Clayton news. (Clayton, N.M.) 19??-1954, 1921-10-29
REV. KEEGAN DISCUSSES WORLD
PROBLEMS

The pastor of the First NJ. f.
Church, Rev. Keegan, has been
preaching a series or sermons upon
the economic and social problems
of the world as they confront Amer
lea today. These sermons have been
attracting much attention and in
terest. Large congregations were
present both morning and evening
at the church during last Sunday
and many favorable comments were
heard upon the research and reason
ing of the pastor as evidenced by his
discourses.
Next Sunday morning Rev. Kee-
gan will discuss the theme, "A
World Tragedy" In the evening he
will preach upon the topic. When
the Tide Turns" The Sunday eve
ming services are being very largely
attended by the young people of the
church and of the town, who seem
to feel that they have a special part
and place in that service.
The EpwOrth League is enjoying
very greatly increased activity.
The topic for next Sunday evening
will be Lessons From Patriots of
the Past and Present" and the lead
er will be Lester C. Walker. The
young people of the town are cor
daily invited TO make this service
part of their weekly program
During the winter coming, on
"Wednesday evenings, there will be
held at the church series of meet
ings, following somewhat this pro-
gram First, a church supper to
be served by the Ladies Aid. After
the supper is over there will be
a talk by the pastor in the study
and after the talk snere will be a
social hour, in which entertainment
and amusement will be provided
for all who come, both young and
old. IL is planned that this Church
Night shall be open TO everyone and
that all people, whether tOwnspeo-
pie or strangers and Of whatever
religious faith, shall be welcome.
The plan of the church, in keeping
| with its plant, is to minister to the
community and to attempt to build
the complete man physically, So
cially intellectually and spiritually
Tho InterchurCh Basketball Lea
que has been formed and the team:
are already engaged in practice for
the competitive games which will
follow during the winter
The Clayton news. (Clayton, N.M.) 19??-1954, 1921-10-29
SUPREME COURT
DECISIONS TAKES
IN PUBLIC LANDS

Santa Fe, N. NJ. Oct. 25.-Millions
of acres of public land in New Mex
leo are affected by the decision of
supreme court which has just held
there is no authority of law to COM
pei the commissioners of public lands
to execute and deliver a deed to
land without mineral reservation,
when the land previously has been
sold, on the deferred payment plan.
under a contract which reserved
the mineral rights to the state.
The decision reversed the judg-
ment of the district court in Santa
Fe county. The case is the case of
the state of New Mexico ex rel A. J..
Evans, appellee, versus Nelson A.
Field, commissioner of public lands,
and J. 5. Read, appellants. II was
one of the test suits instituted TO de-
termine the power of the land COM
missioner TO make contracts reserve
ing the mineral rights to the state.
The action was a proceeding in
mandamus 10 compel the land COM
missioner to execute and deliver a
deed or patent to Evans covering
land that Evans had previously
bought, on the deferred payment
plan, under a contract that reserved
the mineral rights TO the state. Upon
hearing in the district court the
commissioner demurrer was over
ruled and a perempiory writ of
mandamus awarded. commanding
the commissioner to execute and de-
! liver to Evans a deed that did not
reserve the mineral rights. Com
missioner Field then appealed TO
the supreme court.
The decree reverses the judgment
of the district eolitt and remands
the cause, ithNiHstruction to dis
miss the writ of mandamus. Justice
Parker wrote the opinion, which
was concurred in by Chief Justice
Roberts and Justice RaynOlds. II
holds:
"Mandamus will not lie against
the commissioner of public lands to
compel him TO issue a deed convey
ing the public lands free from the
reservation of the mineral rights
therein, which reservation was con-
tanned in the contract of sale, be-
cause it is, in effect, an action
against the state
The Clayton news. (Clayton, N.M.) 19??-1954, 1921-10-29
AUTO RUNS IN'f0FTRAN
AT MAIN STREET CROSSING

That fatal accident is not record
cd from an auto sntashup this week
is nothing short of a miracle. On
Tuesday afternoon a Dodge car,
driven by a young man named Les
ter Adams, ran into a moving freight
train on the Main street crossing,
and the car caught in such q way
that il was dragged for fifty or
more feet and badly wrecked. The
driver escaped without injury. From
the report Of several witnesses. the
train. No. 637, freight in charge Of
Conductor Gainor, was switching
here and was backing across the
street when the auto approached.
Adams was driving slowly and it
was thought he would stop, but for
some reason presumably that the
brakes would not hold, the auto
kept on going and plunged right into
the train. The ear is a total lose
and Mr.. Adams Vas fortunate in
escaping uninjured
The Clayton news. (Clayton, N.M.) 19??-1954, 1921-10-29
RED CROSS ROLL CALL TO
BEGIN ON ARAIlSTICE DAY

Edward b. Orr, of st. Louis, has
been appointed Director of the Fifth
annual Red Cross Roll for the South
western division, according TO in
formation given out last night by
James l.. Fiescr, manager Of the
division. Orr is director of mem
activities for the division
and as such is in direct touch with
all membership work in the various
chapters throughout The seven
states comprising the division. He
came into that office from the po-
silon of director Of disaster relief
of the Division and was succeeded
iu the latter office by Henry NJ Ba-
kcr
The roll call will take place all
over the United States beginning
on Armislice Day, November llih.
and closing Thanksgiving Day. It's
purpose is 10 enroll m the Red Gross
all those who already hold mem
berships and as many others as may
desire to join There are seven hum
dred twenty-nine chapters in the
division located in the large cities
and many Of the smaller cities and
counties Of the states Of Arkansas.
Kansas. Missouri Oklahoma, Texas.
Colorado and New Mexico.
The Clayton news. (Clayton, N.M.) 19??-1954, 1921-10-29
ROTARY LUNCHEON

The usual Thursday luncheon of
the Clayton Rotary Club was enjoyed
by nearly all of its members as there
appeared to be little excess baggage.
Yes, and there were a large number
of visitors present,
Among the visitors who attended
was Rev. Keegan. Rev. Keegan
made a short interesting talk and
among other surprising things he
said was that Clayton has one of the
best high school football teams he
ever saw We say his Judgment is
o. X.
Among other business discussed
at the Thursdays luncheon was the
question of the club putting on a
negro minstrel sometime in the near
future. Tin Lizzie who is chair
man of the Entertainment commit
fee. says he will refuse to act un-
less the president allows HIM to
get the aid of some of the school
maams. What's the idea?
The Clayton High School foot
ball team goes TO Ration, Thanks
giving to play Ration Hi a return
game. The Rotary Club is planning
on chartering a special train. This
can easily be done by each person
who expects to 20, sending in his or
her name to DR.. Hurley at an early
date. We saw the wonderfUl play
ing of our boys against Rat0n last
Friday, so let's get behind the bunch
and so with them TO Ration and help
them repeat the drubbing they gave
Ration a week ago.
DR., u. G. Daniel, formerly of this
place, but now of Mosquero, n. NJ,
was a visitor. He made an inter-
esting talk about MOsquero and
Harding county in general. Doc is
booster of the right type. He told
us how strong the land is in Hard
ing county. Yes. Doc, the writer
was in Harding county a few days
ago, and one Of your good real es-
tate men of Mosquero took him out
TO look at some land. We went out
south of Mosquero and the real es-
tate man showed the writer a fine
section of land and told him how
strong the land is, The writer agrees
that it is strong land because il
would not be able to hold up all the
rocks there are OH it if it were not
strong. Come again, Doc, you are
always welcome.
o. yes, Doc extended us an invita-
lion TO come to- Harding county for
deer hunt, and Doc Hurley wanted
to know if they We're two-leggeC
dear Shame on you, Hurley. Doc
Daniel will have a large delegation
on hand from Clayton to attend his
deer hunt, because Doc has the pro-
per bait.
The Clayton news. (Clayton, N.M.) 19??-1954, 1921-10-29
SUPREME COURT SUSTAINS
DISTRICT COURT DECISION

Santa Fe, n. NJ, Oct 25.-Judg-
mont of the district court in Union
county has fecn affirmed by the
supreme court IN the case Of Iha?Ies
J.. Hunt, appellant, versus Dave FL
Us This wa, suit brD1gh' by
Hunt against EDis to quiet title TO
320 acres of land. Judgment of the
district court was in favor of Ellis.
and Hunt appealed to the supreme
court.
The opinion in The case is by JUS
tice Reynolds. Chief Justice Rob
erls and Justice Parker concurring.
1t follows:
T. Possession on occupancy of
land, by one not lhe holder of the
record title, 10 imply notice of an
outstanding tille to one purchasing
from the holder of the record title,
must be such as yWenld under the
circumstances puD9 prudent man
upon inquiry. lt
The Clayton news. (Clayton, N.M.) 19??-1954, 1921-10-29
3 COUNTIES GET
FED. AID ROADS;
BUILT IN 1922

Highway Engineer Gillett, who
has been in the northern part Of
the state for several days, today,
upon his return, announced the lOca-
tiOn of six federal aid projects in
Golfax, Union and San Miguel coun-
lies.
Three are on road No. 81 between
Ration and Clayton and provide for
the grading and gravel surfacing of
the valley sections. The higher sec
tiOns. Mr. Gillett said, are in good
shape in nearly all kind of weather.
The first runs from Ration ten miles
east, the second from the west Col
fax county line eight miles east, and
the third from Des Moines, Union
county, eleven miles east.
Two are on the Santa Fe trail
one from the south Colfax county
line to Maxwell Junction and the
other from Las Vegas two miles
north. The trail already has been
constructed from the north Colfax
county line to Maxwell Junction.
The short project will bring project
No. 81 TO the Meadow City's north
gate No. 81, which begins at Wat
rous, now comes within two miles of
the city.
The last will run from Clayton
into the Cimarron valley and serve
the northeastern corner of the coun-
ty, which now hasn't any standard
road.