davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
GENESEO CHURCH
ANNOUNCEMENTS
Especial Correspondence.)


Christian SGence-Services Sun
day morning at 10:45 in the Hos
ford building on South State street
First Congfegational-Rev. Frank
S. Brewer, pastor. The Mems Bible
class and church school at 10 a. IN
Morning worship at II a. m. Chris
tan Endeavor at $50 p. M. Eve
ming service at 1880 p. m. The Jun
ior Endeavor meets on.
Concordia Lutheran-Christ Ber-
gen, pastor. English confirmation
services Sunday morning at l0:45
Sunday school at 9:45. No evening
services.
Baptist-Sunday school at 10 a
m. Morning worship at IL a. M
Evening worship at 1880 p. m. Rev
T. C. Hopkins of Chicago will have
charge OF the services.
Zion Evangelical - Harry z
Strauh, pastor. Sunday school a
10 a. m. Morning worship at II
a. m. Gospel service at 1880 p. N
First Unitarian-C. W. Portal
Shirley, minister. School of religion
at 10 a. m. Service at IL a. m.
Grace Church-Rev. E. h. Her
shey. pastor. Sunday school at II
a. m. Morning service at IL a. m
Evening service at 500 p. m.
Presbyterian-William> Harberts
pastor. Sunday school at 10 a. IN
Morning worship at II q m. Eve
ming service at 1880.
St Malachy's Catholic - Rev
Father E. H. Barnes, priest. Masse
will be held Sunday at S a. m. an,
1920 a. m. by Father T. J. Barr,
of St. Ambrose college.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
Aledo and Mercer County
TRACK MEET IS
HELD TODAY AT
COLLEGE FIELD
Rock Island High School Athletes
Meet Williams and VsshH In
Contest.
Especial to The Argus. }

Aledo. ILL.,. April 3e.-Yesterday
afternoon Coach D. N. Roberts Of
the Aledo high school announced
that the track team Of the Rock Is
land high school would visit in
Aledo this afternoon and meet the
local track men In contest at the
william and Vashtt field. Owing
to there having been no preliminary
announcement, the event was not
expected to draw many people ex-
cept from the student body. Track
events, consisting Of running, va
rious jumping events, pole vault
ing, discus throw and shot put were
scheduled to be held. The contest
is more in the order of a practice
meet in preparation for the mill
tary track meet in Galesburg on
May Z, and for the Mercer county
meet on May Is. The Rock Island
school is reported to have several
fast track men, but the AledO lads
were confident.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
BUSINESS men
Of ALEDO Win
Is TO Il GAME
Inability to Keep Pace in Shifting
Lineup Beats Gasoline Al.
ley Nine.
Especial to The Argus.)

Aledo, ILL.,, April 30.-One OF the
most interesting baseball games
played in Aledo this spring was
staged on the William and Vashti
college diamond yesterday after
noon. The business men OF Aledo
defeated the gasoline alley garage
men, by a score of Is to II, in a
seven-inning game.
The game was preliminary to
the contest, which the business
men will stage with the Aledo high
school nine on Monday. May 3.
The business men were in su-
pcrior number than the garage men
and were able to change their line
up frequently. Some OF the old
timers. who were prominent in
baseball circles in this part OF the
state, several years ago, appeared
in the contest yesterday, and will
play against the high school lads
on May Q. The contest with the
high school team will be staged as
a benefit, the proceeds Of the game
being used to purchase suits and
equipment for the lads.
Aledo drug stores were reported
to have done a land office business
in the sale of liniments last night
and this morning. Many sore arms
backs and legs were reported. AL.
though several Of those who ap.
peared in yesterdays game had
been practicing in various alleys Of
tho city for several days. their stiff
workout yesterday proved hard or
tender muscles.
A few Of the men who appeared
in yesterdays game and who viii
play against the high school OF
May 3, were d. J. Van. Alta, l.. c
Johnson, Earl Davidson. Alel
Macy, Hiram Parkman, B. P. Fast
Colonel Wagner, George Parker
Ike Walter. Ray Rowe, Andy Wells
Ralph Thede. Bob Rose, Jim Scan
nell and Durch Greer. Many other
have been listed in the lineup 70
the high school contest.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
ANDALUSIA
Especial CorrespOndenca.)

Especial CorrespOndenca)
Andalusia, ILL.,. April 3O.-Mrs.
Henry Hass entertained the Larkin
club at her home, Wednesday.
Joe Simmons returned to Betten-
dorf, Iowa. Wednesday to care for
his brother, Albert who is still very
low.
Mr.. and Mrs. James Stevens have
returned to their home in Chicago
after short visit at the home OF
Mr.. and Mrs. r. G.. Thompson.
Ruel Roth went 70 Rock Island on
business Thursday.
Mrs. Allen Miller Of Edgingtor
visited Wednesday night at the home
of Mr.. and Mrs. Charles Burgoyne
Mr.. and Mrs. Otto Maucker vel,
coined q baby boy at their home
Thursday. April Is. Mrs. Maucker
before her marriage was Miss Mary
johnson.
Charles Burgoyne was a visitor in
Rock Island. Friday.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
COAL VALLEY

Especial Correspondence.
Coal Valley. Ill, April 30.-NI
from the Coal Valley high SCH
attended the play, "All On Acco1
OF Polly" given by members Of /
Evangelical Church Of Peace
Mrs. Albert johnson was tai
Wednesday evening.
Mrs. Gilbert johnson was tsl
to the Lutheran hospital in Mol
Wednesday, where she underv,
a surgical operation on Thu
day.
Hugh r. Martin was a visitor
the tri-cities Wednesday.
Mrs. Eda Fude returned We'd
day from the Lutheran hospital
Moline, where she has been s,
ing with Mrs. Sadie Fude. who
derwent a surgical operation
Monday.
Mr.. and Mrs. John Seaman
two children were in Moline Tn
day afternoon.
Robert Haas returned to
homo in Moline Thursday even
after a few days visit at the b
of Mrs. Eliza Conner.
Irwin Homer called on relat
I in Moline Thursday.
| George Parker was a tri-city
itor Thursday.
| Fred Wilhouse spent Thur!
evening in the tri-cities.
Albert Blaser was in Rock Is
Thursday on business.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
BOY AT REYNOLDS
IS THROWN FROM
PONY; ARM BROKEN

Reynolds, Ill.,, April 80. - Little
Zede Harden, 9-year-old son OF MI.
and Mrs. George Harden of Reyn-
olds. was seriously injured Thurs
day evening when thrown from his
pony, which he was riding home
from school. In the fall to the road
the boys right arm was fractured
just above the wrist and the wrist
was badly sprained. Although two
physicians were summoned. it was
found impossible to set the bone
Thursday night. Yesterday he was
taken to St. AnthOny's hospital in
Rock Island, where an X-ray ex-
animation was made and the bone
set.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
ALEDO HIGH BALL
TEAM DEFEATED
BY LITTLE YORK
Especial to The Argus.)

NCpeCldl 10 luc AiSUS.)
Aledo, ILL.,, April 30.-Aledo's high
school baseball team journey to
Little York yesterday afternoon and
were defeated by the high school
team of that city by score Of 25 to
20. This is the second defeat for
the locals at the hands of the Little
York aggregation. About twenty
FIVE students, besides the players
went to Little York for the game.
Their support proved unavailing
and the locals were unable to keep
down the score Of their opponent
Aledo blew up in the eighth inning
and allowed the Little York nine to
score 10 runs. Prior to that time
the score had stood Is to II in favor
Of the Little York team. The
Aledo men rallied in the ninth inn
ing and scored eight runs but were
unable to completely overcome the
lead held by the Little York lads
The lineups were, Little York
Stratton, 2b; Little, IF; Wyatt, 1b;
Mccullough. So; Smith, C; Shugart
3b; Weiss, Ct; F. Little, p; Ale Shu.
CART, If. Aledo-Barr, C; Coop, p;
Wells, 1b; clearinghouse, 2b; Bald.
win. SIS; Rowe, 3b; Vance, IF;
Downey, Ct; Moorehead, If.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
SENIORS WILL
PRESENT PLAY
MAY 10 And Il
Fire Marshsll Prohibits Show il
City Hail--Wllllsm and vsshti
AudItoriun to Be Used.
Especial to The Argus.)

Aledo, April 30.-Members OF
the faculty Of the Aledo high
school. sponsoring the senior class
play, which was to have been CIV
en- on May 3 and 4, have announced
that the presentation has been post
poned until May 10 and II. The
class play. entitled Professor Pep.
has been worked upon by the STU
dents for several weeks but a short
time longer was thought necessary
before presenting the play. Owing
to the inability Of the high school
to secure the city hall auditorium
for the presentation because Of Or
ders from the state fire marshall
prohibiting the use Of the auditor
ium for public gatherings, the
class play will be presented in the
William and Vashti college auditor
ium. Members of the student body
are selling tickets for the play and
report a large advance sale.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
ORION RESIDENT
Is HONORH WITH
BIRTHDAY PARTY
fsneci.l Correspondence

Orion, ILL.,, April 3O.-A most en-
ioyable party. sponsored by the la
dies OF the w. r. c., was held N
Waynes' hall Thursday evening:
when they entertained in honor OF
the S4th birthday Of L. H. Both
we'll. Dinner was served at S
o'clock to more than one hundred
guests. Pink and lavender sweet
peas were the decorations. the
cakes and ices being in pink also.
Brief remarks. we're made by Rev.
Sidney Guthrie. Rev. Fred Shields
and Rev. Atherton OF Mineral. the
latter a guest of Rev. Guthrie. The
after dinner hours were spent In
sociability and games. Mr.. VIM.
Stevens was an honored guest, 1t
being his Seth birthday.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
'LADIES' AID HAS
IT'S MEETING AT
ARMSTRONG HOME



Prescription. III, April 30.-Ths
regular monthly meeting OF the
Ladies' AID society Of the Method
1T church of Presumption was held
Thursday afternoon at the home
ok Mrs. Lester Armstrong. two
miles north Of town. It was i'm
possible for either the president
Or the vice president to be at the
meeting and MIRA John Lowe took
charge. After the opening devotions.
the business Of the day was trans
acted. An informal social hour
followed, at the close of which a
splendid luncheon Of chicken SAL
ad, rolls, angel food cake. tutti
frutu and coffee was served. The
hostess was assisted by Mesdames
John Clarke, Thomas Armstrong.
John Wilson and A. L. Freeburg.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
RWORTH LEAGUE
SOCIAL PLANNED
AT PREEMPTION
Especial Correspordence.)

Especial COrreSp0nuence.J
Presumption. Ill.,, April 30.-The
regular Epworth league social Is to
be held at the home Of ]. W. Whit
slit Tuesday evening, May 3. The
election Of officers for the coming
year is to be held that evening, and
will be followed by social time.
Miss Mary Clarke Is spending sew
eral days in Rock Island, where she
IL visiting friends.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
MISSIONARY BODY
TO MEET THURSDAY
Especial Correspondence. }

Especial Correspondence.)
Presumption, ILL.,, April 30.-The
regular monthly meeting OF the Wo-
mans Foreign Missionary society
is to be held at the home Of Mrs.
Foster Armstrong Thursday after
noon. May 4, at 2 o'clock. The top
ic Of the afternoon is to be. 1.-THE
Evangel in Other Lands" and will
be led by Miss Anna Armstrong.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
ORDER CARLOAD
OF OIL FOR WORK
AT PREENIPTION
Especial Correspondence

EOpGCIdI COTTtSpUHUeHCt-J
Presumption. ILL.,, April 30.-The
committee for the oiling of the
streets in Presumption has ordered a
carload of oil to be delivered by
the middle of May. They expect
to extend the oiled roads a good
deal farther than was done last
year, and have ordered about double
the amount of oil.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
Aledo Obituary

Funeral services for James II.
Bjorkman. who died Wednesday.
will be held at the Swedish Luth-
eran church in Aledo at 2:30 to-
morrow afternoon. Rev. o. NJ.
Doemji, pastor Of the church, will
officiate. The pallbearers will be
G. l.. Candor. Hiram Parkman,
Thomas Chinlund, F. E. Malm, L. C..
johnson, W. H. Nichols. Interment
will be in the Aledo cemetery.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30

The city board Of health of New
Orleans has just appointed its frs,
| woman inspector. She will be de-
tailed to work among the confec-
tionaries and her duties will be
largely educational in demonstrate
! ing the need for greater cleanliness
i. in all places where food is prepared
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
JUNIOR SENIORS
BANQUET MAY 16
Especial to The Argus.

(opeclaI 10 Inc ArguB.J
Aledo, ILL.,. April 30.-The Junior
senior banquet for students of the
Aledo high school, which was to
have been held last night, was post
poned until May Is. The event was
postponed SO as to give the. STU
dents more time in which to pre-
pare for it.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
EDGlNGTON

tSpeClal COrreSpOHueuCe.J
Edgington, ILL.,, April 30.-Mr.
and Mrs. Carol Lewis are the proud
parents of son. born to them Mon
day morning. The mother was for
merly Miss Bertha Buffum of Blue
Grass, Iowa.
Mrs. A. Miller was in Rock Is
land Wednesday.
Mrs. Vernon Patterson and little
son and Miss Anna Brubaker visit
ed Wednesday afternoon at the
home of Mrs. Martha Hartman.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
ALPHA
Especial Correspondence

especial correspondence.
Alpha, ILL.,, April 30.-Miss Aim :
Larson of Rio spent Thursday here
with her father, August Larson.
c. G. Anderson was a Moline bus
mess visitor in Alpha Friday.
Miss Myrtle Cox spent Thursday
at the c. Z. Frankenburger home in
Rio.
Mrs. G.. w. Wilson, Mrs. J. F.
Snodgrass and Mrs. Will Welsh
were among the ladies who attend
ed the Woman's club meeting in
Galva Thursday.
The May committee of the NJ. E.
ladies aid will serve lunch at the
church Friday afternoon, May 6.
The young people of the COM
munity planned and carried out a
surprise on Mr.. and Mrs. George
Fields, at the Charles Thuline
home, south of town, on Thursday
evening. They were the recipients
of good many useful articles. The
hostess served a delicious lunch.
tn, a
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
CATCH wolves
AT EDG|Ne1O|
Especial Correspondence,

Especial Correspondent,
Edgington, ILL.,. April 3O.-Nj
hunting on the farm Of v c.,,1
near Edgington, Tuesday Of +
week. John Kelley, T. VOLTA y
Carol Lewis killed large wolf =
captured six small ones.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
REDUCE CAPITAL STOCK,

Springfield, ILL.,, April 30.-CUnic.
ed Press.)-The following certified
today to following changes before
the secretary Of state:
Velie Motor Corporation. Moline
decrease in capital stock from
81 100000 to $1,40O, 900.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
IyDICT ~COJrSTy.n

Chicago. April 30-Everett Hard
ing, self-styled cousin Of President
Harding, was indicted for falsely
representing himself as a govern
ment official, President Harding 3
secretary.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
NOR HANGS NEGRO.

Bowling Green, Mo-, April 80
An eighteen-year-old negro was
hanged by mob while on his way
to prison for an attack on young
white girl.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
AGREES WITH r. &.

Washington, April 30.-The Ital-
ian ambassador delivered a note
from his government expressing
complete agreement with the Amer
lean position in the zap contro-
versy.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
That Tired FeeIinl
old family medicine is

old family medicine is
Just the Thing to Take in spri|
for that tired feeling. loss Of ap1
tite. debility. 1t is an all-,h|
year-round medicine. wonderful
effective in the treatment of scrul
ula, catarrh. rheumatism and ruI
down after-disease conditions.
MY husband has taken Hood
Sarsaparilla every spring q
years, and it always puts him
shape. He is 5S years old" MI
N. Campbell. Decatur. III.
A mild laxative. Hoods Pills.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30
Is Just As Much q Warning a

"Stop, Look and Listen"
It indicates rundown conditions
and means that you must purify
your blood, renew your strength
tone and your power OF resist
ance." or be in great danger Of Sc
rious sickness. the grip. flu. fevers,
contagious and infectious diseases.
Do not make light of it. 1t is
serious. Give it attention at once.
Ask your druggist for Hoods
Sarsaparilla. He knows this good
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-30

All the news all the time The
Argus.
The daily banner. (Cambridge, Md.) 1897-2008, 1921-12-07
AUTOMOBILE PAINTING

AUIUMOISILH 4 NhAN AANU
I have secured the yacnt cluD
casino to be used es an automobile
paint shop. Cars painted and var
nished by expert workmeI. Give
me a call and let me quote prices.
Phone 568, LONE SLACUM.
The daily banner. (Cambridge, Md.) 1897-2008, 1921-12-07
WANTED

Rooms for State Grange Visitors:
All persons having one or more rooms
which they would be willing TO rent 10
visitors of State Grange. December 13
IA and 18th. please telephone 800 on or
before Wednesday, December 7th. Call
between and 4.S0. Rates $1.OO per
night. l2-5-5t
The daily banner. (Cambridge, Md.) 1897-2008, 1921-12-07

Rooms and Garage. Apply after P.
NJ, 13 Locust street, Cambridge. Md.
The daily banner. (Cambridge, Md.) 1897-2008, 1921-12-07
FOUND
FOR RENT

Bicycle. Inquire at this office.
12-6-3t
The daily banner. (Cambridge, Md.) 1897-2008, 1921-12-07
The tuberculosis Association

W. stnrs for "Wolf'
And "B' stands for ''Bacr
But they're not from a circus,
Nor yet from Fair.
They're the doctor and nurse,
Who will fight dread T-B
And they're asking your help
In this work. don't you see:
And then there's the Secretary
Who can Carroll so gay.
But her life for two months
Has been all work and no play.
The Association has also
Several "Kerrs" (cars) much adored
One of them is the Treasurer.
And another is Lizzie Ford"
Which when driven through Cambridge
And the County as WELL
VIII make sick folks forget.
They e'er had a spell.
1t will mean surcease from sorrow.
Bring good health to many, too
If We'll just obey all orders,
Do as Nurse Baer says to do.
They're seven courageous captains
Who've enlisted in this Tight
And they'll work for all that's in II.
To put T-B to I1ight.
They'll Marshal" all their forces
AS jackson" did of old
with Robinson and Howard"
And others just as bold.
And Mace" who gives the spice to
life,
Will ' ork with all her might,
To see that all goes smoothly on,
And everything's Dunn" right.
Then, oh, such loyal helpers.
No weather was too bad,
They've brought in many dollar
We hope they'll never stop.
Until we hear the glad, glad cry.
Hurrah, we're "Over the Top"
Now dear kind people who have failed
To give the Association,
Please do your bit" for good health S
sake,
And help to save a nation.
The daily banner. (Cambridge, Md.) 1897-2008, 1921-12-07
NOTICE TO THE PUBLIC

The undersigned having been ap-
pointed trustees for Samuel NJ. Smith
of Cambridge, Maryland. hereby an
nounce to the public, that they will
sell and dispose of the stock of mer-
chandise, consisting principally OF
groceries, now contained in the store
house at No. 22S1a Race street. Cam
bridge, Maryland, here the said
Samuel NJ. Smith has been carrying on
business at private sale, at cost
prices Mr.. Samuel NJ. Smith himself
will be in charge and as the agent of
the undersigned will sell these goods.
These goods must be disposed of be-
fore the 18th day of December 1921.
The stock is fresh and in good condi-
ton and customers Will find bargains.
GUSTAVUS B. SMITH,
JAMES R D. COLLINS, Trustees
oil Heating Stoves and Gas Heat
ers makes your room comfortable
Herbert Hearn Hdw. Co.-Adv.
The daily banner. (Cambridge, Md.) 1897-2008, 1921-12-07
Saving A Woman In Half
BRING YOUP OWN SAWS"

Toys, Toys, Toys for all the Girls
and Boys. Herbert Hearn Hdw. Co.
ADV
The daily banner. (Cambridge, Md.) 1897-2008, 1921-12-07

Having dicontinued my office I have
for sale complete set of first class
Iuartered oak office furniture and
equipment, as follows Globe Wer-
,icke Book Case, 3 sections; type
writer desk; small desk; steno-
.rapher chair; l standing desk; l Bur-
coughs Adding and ~BiHngf machine
Burroughs Adding machine stand;
bennington typewriter No. 10 QatesD;
, typewriter stands; l complete nlins
cabinet and card files com mbined a
drawers); office chairs. These ar
ticles are of good quality and practic-
ally new. Leon E. Venable.
11-23-tf
The daily banner. (Cambridge, Md.) 1897-2008, 1921-12-07
Saving A Woman In Half
BRING YOUR OWN SAWS"
FOR SALE

Spear heater No. 12; also l iron bed
stead Apply 304 West End Avenue.
12-5-2t
The daily banner. (Cambridge, Md.) 1897-2008, 1921-12-07

Turnips. 2Octs. a peek. 40 cts. a pas
ket Charles A. Smith, Cambridge,
Route g. Phone 1801-F-4. LIST
Choice stock pigs, shoats and hogs
for raising pockers or brooders. prices
bridge or Harry Wiley, Chateau farm
IL 4-eOd.
The New York herald., 1921-04-09
IDLE FREIGHT CARS AT PEAK.
Total IL 21.0 Per CT. OF NumbeN
Owned by Roads in q. 3.

More freight cars of all sorts arc Idle
on the railroads of the United States
than ever before since the roads have
been keeping detailed and aggregate
statistics. The total is fractionally
more than a fifth, amounting to 21.6
per cent. of all freight cars owned by
roads In this country.
The total for the week ended on
March %, as reported by the Car Ser
vice Bureau of the Railway Executives
Association, was 495,904. an advance in
idle equipment from the figure of 49,
All of the preceding week.
Two other periods in the history OF
the roads closely approach the present
car surplus, but none of them tops it.
One was in the depression which fol-
lowed the armistice. when the peak wes
451,7S9 idle cars. The other was in
the. depression which accompanied the
1907-190S panic. when 1t was 432,s21.
Most of the recent climb In the 1E-
ures Is attributed to the slump In coal
traffic and there arc to-day 255,055 idle
cars in the United States. which figure
exceeds the number OF cars idle during
normal times. Idle box cars number
171.119
The roads on March 81 owned 2,545,
638 freight cars of all sorts.
The New York herald., 1921-04-09
TO increase Acceptance Loans.

Discount houses IN New York are
urging interior banks to extend the
policy of lending call money In New
York to include bankers acceptances as
collateral Interior banks generally
when requesting New York banks TO
loan funds on call stipulate that the
accommodations be secured by Stock
Exchange collateral. With such stipu-
lation local banks do not consider that
they are permitted to loan such funds
taking bank acceptances as collateral
Explaining the request the Discount
Corporation OF New York said in part:
This request is made necessary by the
fact that Il has occurred several times
that money offered has been unloanabe
against Stock Exchange collateral. yet
ut the same time there was q demand
for loans against bank acceptances As
q matter OF fact, loans against eligible
acceptances should be made Mt a pre-
fcrred rate on account Of the extremely
liquid and high grade character OF the
collateral. As you know, there ls a
ready discount market, and moreover
the acceptances are eligible for pur-
chase by the Reserve Bank"