davidaulloa/AmericanStories huggingface dataset:
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1921-10-10

.ns desire ca The part o; prodrcers
Listen. io- msta &c. 70 Scl-rick's
scream "a the NiShl
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1921-10-10

Having been coas lctet q The
Sa That Was Ills" N ii'am Paw
sham now appeals fer Justice"
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1921-10-10

II 7otta.i.T are Is &c seen and
rgt beard ia pictures.
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1921-10-10
TOMORROW
WILLIAM DUNCAN ard
EDITH JOHNSON in

Their New Vitagraph Western.
STEEL HEART"
A strange story Of the mining
country, full Of exciting advent
ures and thrills. q woman with
two husbands and who Is IN.
aware ct the fact. IS responsible
for many complications. The
star directed the picture and IS
said 10 be The best picure Mr.
Duncan ard Miss Johnson ever
made.
Also Comedy.
And MUTT and JEFF.
Admission 10 and % Cents.
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1921-10-10

Patrons CT picture theatres will
recognize \ Voice in the Dark
a. fhe vocal struggle OF some Ian
interpreting a subtitle.
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1921-10-10

Saying It with Fil-n-Titlcs
GiSi oi AfF Heart.
For Those We Love-
Alter Your Own Heart"
Love Is An Awful Thing
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14
FEDERAL PHYSICIAN
LOSES HIS POSITION
o. Associated Pros


WASHINGTON, Sept 10, --The
summary dismissal ~ DR. Haven
Emerson. medical adviser Of the United
states veteran bureau who was quoted
as having said In n speech at Columbus,
ohio, yesterday that the bureau was
being mndo the football OF politics"
was announced tonlght By acting NJ
rector Leon Frazer.
Colonel &, H. Forbes, director n tho
bureau. who Il on an Inspection trip
To the Pacific Coast, declared IN a
statement sent to the bureau for puhli'
cation, that nr Emorsons charge that
Sbo0. 900, was being used Tor political
patronage is unuualiflcdly false"
u expected some such silly statement
from disrrun,lcd employee whose
s,rviccs have proved unsatisfactory. "
the statement said.
The facts arr that found the medl
cal division. under his direction, In n
chaotic condition little short ~ public
scandal nc had O. 600 eases awaiting
action and was losing ground every day
while sick and destitute men clamorcd
Tor aid, nr Ecm.fson. though III
hirh professional medical capacity,
demonstrated such "A complete absence
d executive ability that I was forced
to place a mvdlcal executive ekiiccr IN
charge NJ the division and to Indicate
to nr Emerson tina, his services were
no longer DESIRED
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14
1900 UNIDENTIFIED
AMERICAN SOLDIERS
BURIED IN FRANCE


~ Associated Pres
PARIS, Sept, is.--Thorc are 300 un'
identified American soldiers buried IN
France, OF about ? per cent II the
total of the American dead Ia the
world war,
From that number Gen, John J, Per
shing may choose the American I'M
known scldlcr Ia take back 10 the Unit
"A smtrs on hoard the cruiser olymplc
foe burial IN his native soil. Most ~
the American unknown dead were XIII
"a IN the Arnonne drive and buried In
the Romarne cemetery, although a fcN
az them Ne at nony and IN nclloau
Wood. n N thcurht that the grave
frum which the hsiy VIII he dl~ln'errcd
viii bo picked by one ut the forty
eight private soldiers representing. each
state IL the American Union who viii
accompany General rcrshins.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14
RED CROSS TO AID
FLOOD SUFFERERS
" Aseslal~l rr-.

" AsacetAici Tvs
SAN ANnoNlo. TWAS, sept Ia
MAJ. =. \, shaw, rcld dirv,t,g tvr IA,
Amvtan Hvd Cr,Ss, was orkrd ~
make suINVy ~ the San 0ahr,el
liver fiood conditions, and lett tonight
~ rsyls, teioro lcaVtng san jntVn,c
he SAID the rylict wVrS VAS prVg..Sstne
sn,cothly here,
Ono additional No,i>. that I ncerV
woman. was found late tosiaV, maklng
he ctml known drowned my The
debris In whi,h thu h,slN MAS found
ta,sS, against yallr,0d trcs,lc, hSs
no, an ls,n scaVhe>l
An unost,c,al estimate q tho lcss IN
H. business ds,uct alOnc. uade aftvr
laa ,,la,ss u BUSINESS had rc,sr,ca L.
the Chamsssr II Connvrgo today, Ma
N.eNAe,.e IL ss,V,o ecN CitV ,tc,Als,
rvNeN,r. sid ,hoV did ~, hsllcVN ths
tcta, tinAno.al lvss N,l0d H. mcw than
a.eoe go " \, Williams pgcs'aeni ~
the San An,cnN AutVmOoilc Tgadc n
sO,Asion. said that thc denaarc L. nc~
Nu,cgn,A,slcs wvald MT cNvN,>i ssNe''e
W. estimate DID nj ,DclUStc pta,clN
: wu~A a. uSe1 MACHINES,
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14
GERMANY SEEKS TO
HALT SPECULATION



MERLIN, scpt. WIN q view To
cnnniemrimg inanate huufHc rpocula'
tlun. the government. norutdng IT, the
Tauehlntl. II contemplating steps TO %
labliHh som, measure Ut control ~ tho
money market D.. a system ol "rullon'
ing, nH a last resort. srqucHlorlng fnr
cign currcnclos ~ bills thrown un the
market In cNeesr NJ what n regarded AZ
Legitimate requirements,
The difficulties OF such Intervention
are obvious, aud the Tngchlau learns
would not be- rcsnrtvd 10 except w
he last extremity.
A. AN alternative the government h.
reported to be- seeking mcnns to IN.
tucr German vNpurtrts aud Industrial
hts 10 transfer, without tompulslun on
their part their foreign hills to the
treasury,
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14
new EVIDENCE GIVEN
N ObENCHAlN CASE
- Associated Pre-

LOS ANGELES, Cali sept H.
Excerpts from conversation alleged
10 have taken place last nlgh, In the
county Sail bc,wccn Chandler Spfasue,
reporter fct the los Angeles Examiner,
aud Arthur {, Rurch, indicted With
Mrs MadaHnne ohenchaln for the muir
der cf J. pelten KENNEDY, broker, wer
made public here tonight nv W, G,
pcrAH. chief deputy district attorney,
TIE conversation. Mr., nOran stated
related 10 a copyrighted article pub
lished this morning In the Los Anre'cs
Examiner. IN which SrAgue asserted
urder hls signature tina, Rurch Angus,
~ confessed to him the staying %
keuneav on August 3
Mr.. pomn said the conversation he.
tween srrasue who today was called
before the Lcs Angeles county grand
Jury. end mfrch which tcok place In
Hrehs ccli. Was obtained through the
esscrts q Malcolm MetArsn. a eese>
tho vhc has the Investigation ~ Ken.
nedy TRAGEDY in charge tcr the district
assoruv's cfrce>
Ncl.Arcn. Dorm saic,i obtained \
r~ccrt q the narch srsague cOnference
h~t NIGHT hy tnesns q Device fcr
reccrding. ccnversatica and made a ~
page transcription which aiready has
e~evms Part u the official rcccras N
the asN
Tue matter made ruhlsc ,Onish, Nv
Mr.. ncaA flicwss
~Excarss frrm n pO9c TRANSCRIPT Il
ccnvvr~tiCa Netwern Chandler SlsEaxas
and Arthur RarVA, alsA, - SepseUeer
u. 1881. al cc0nN nil ersinnins Al
= oN,Ns, Nskc'lm MciArvR and
ss~roevsrher alsc pFc~n,
"oassaica nv Mr.. Sr~sae; Arthur
iva and aracr~,Ana esch Ssheve
~Answs h RarVh; We aRaegs,Aad
each clhss.
-0uegsa. knew WA scaa NJ ~
trusA knc~ wa sca mr. tn ,rssA
~AnRvrs rcs
sou<ssicns acat ,Aine. 70 ara pal
" p~l,hrn wser~ I hsVV ~ giV~ 80
slssNy. I acnt think yVa psrsaaalN
sre eeisx u save any hard ts~sns
axains, ne
~A~s~ss. NJ, a, all wAy. cVsAiE
ssrsS That yea kncs arV tree that ~
thru ~ uue-
'pe<~s.cas That know are true. .
tar ~ wa sre ccnc~rw~d I an ~
cab r<F>ca that avs kno~ H.
ANSWER An>c,asslv.
~oeesssca; What motives wsre ,aos
va ~ fes tsl,nnx HSs
~Ansuw; In ~ frs, rlace u xtVu
man . csrt&ln aHoans - relies q ~
rx~ss klm<<e.
~os<slsn; Wa aaa I. neAe.RV -
/, he vexA kne~s that IVA haVe toh
Ne ~ truth
-AHzxsrs rca ard la = a sus-
tlea q nv nfe "a Mrs. oesneeAins
sssatns Yea kno~. a. eaa
rnAz- go IT'D use ~ uush-
~Anx~ers That u an Ft<ha
~0ass6sns u thsTs sny ons slss 4
sAs ~Wla thai kasss ~ troe sses'
a tan sss cnanalsg SpsaSue. anSeosic
sn>uns slsse
Answer; Ne ~. u has never ese
telt rh~t h Csas tEush Absolutely,
~oos<tn: YEA toad nle SVvryteins
~AnS~er; Nea AZ.
Ssx1sas IN Ms aF,irls pahiished ihi
mesalng sad ~ had ptoni-rd noi ,
make turch's coafes<iun paeliC an,
~ was t<esd T. d. ~ undar Va,h an
that ~ rs<aE,Ard sanmeRs bsiVfe n
aand iary a. releasing hin from n
pofalss
pareh and Mrz oeenehaia ,s-iay q
n,sd alexstlens IN sp,ssae's artasle.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14
ANA.
DIR. woLcorr LEAVING ANA
nIIIn

~. Claude wolcoit returned sunuay
from Dallas. and VIII remain ~ am.
rillo until Octobch the 18TH. up""
which date he will return TO Dallas '"
take up his new duties IN President m
the Texas College II Optometry. wh'c"
opens liz first term November LIST. nsA..
Those who desire special eyeshs.
service are respectfully requested 70
make their arrangements now. Ter-
phone GOG oI 1917 TO make ehsas
mcnis.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14
Painters select Montreal,
nv Associated l'fcs.

DALLAS. Texas Sent % Montreal,
Canada, was sclvctvd as the pvNt ,un
tvntivn cltv hv the twelfth gvnvul 49,
scmhly 1T "a, Brotherhood at Painters
Decorators and Paper Hangers today
The Canadian city was chus,n over ~.
l.rws. Minneapolis Louisville, Indian
,polis and Chicago.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14
ArTENTOs MOOsr.

Al officers ana members ~ Amarillo
Lodge No 500 ARE urgently requested Ia
be present ut o'clock this evening In
ordoi that business Of lodge may be-
finished IN time 10 permit ~ the lnsiallS
ton ~ the women ~ Mooschcart Legion
Chapter. l.. q. THROckMOIRTON.
Dictator
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14

The creates, enemy q cAild NE =
,he ,ape worm. n dssiroys health and
vitality. The gr,atest enemy ~ me
tape worm y whi,e's Cream NerusF
fsse. One Or two dosss does the wosk'
Prlee &c. sold By Randall Drug CO.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14

cess In selilulng differences between
heads OF the union. II was announced
NJ international headquarters here to-
day,
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14
ROSCOE HURT NE. WITNESS
SAYS MISS Rape CRIED
VoNriNuEp FROM rAog oNEl

paftRg Miss tSapr~,'s nlnVss she uicsa
t. ind0ce ArNoVsle u VtSi, ,he g'rl
s.sl - ssfss<A 4, ~ 81 she said
Mr. Nrlsn,nt was f,ak,~ed ev Ira
u. f,xtks1ls. a salesman, whc ATTENDED,
TN raTty. ava ~ Ssmnseheg, Mn ~as
Ms RAp<s u.ansser. rAsS asniea
eelns rscssn, NnSa Tn Niassed sssaeS
tssk Raaesf. h,s Seuaacaer tcs,if's>i that
~ Essarnra n see Vsrty IN ua'e u
80 Mss Fsarge Ntns N sr~~s pain ~
IN I'D. Nv AWKWARD Vtsisea tAe Sirl
~ ~.1 ard sAe to,d aia, -ecsC>S aart
rne~
AreaesAss rne.l thrcoxhoai H. aAN
vas cne " inshfferVncs ~ sNesNtsiax
hszs IN wsasspx eas ~ tn s,crN ~
III tragedy al ~ insuess,
Az pasa ~ asssn,ioa - nswsg~rsr
pAe<0xraph~Fs saApQlng arm frosa al
s<,ss ana a.~ilins.i tn u.anS ssesslons
that wsgs sssra hins b ns~sispsg and
otnsr lnserVawers
Nsr~s> rv>sifS.
Teo ~ thres aslr~rs y ~ tes,it.s,i -
a. sad Nt<s tsAPts hasa wsa,srn~d
Areeckks nAnss and cav q ta-nn
Ma Sers tNamtstAsnA Sa,d sae Nth
irsN ffOsa tae case h~Sa4>s IA pA'len,
0as ngt xrttinx asA,l-Aie uissinial a.
,eRt,o0 ard esyaa~s prVtsr sNarnina
slcns ~>se nes o~tAs uAade o. deiefrnine
,he nAn,ye 4 Mss hapg~'s niars
ArVoE,hn< b. Nrs lssn lamespn alse
a nur~r. Mis- tsAppe ull,sh cvn,rsdhe'
tcrS statsmcu,s O. her. tirst that At
biicke Aftagked 49,. aud ths that she
llal al knVN Mat hsd hapisnrd %
her N snothsr tins ths patlent D.
Ci.rsl NJ larncson. ~sid that n
b,lckks oughi a. nay tvr heF hespi,al
trcatuent
Mss Cumhsr ard sasi M.ss iappe
todd ~ "a aad hsd an ssiNsnturs al
. iartN Nth Artsagkl Nhsh she al
not want her frisud henrN i.ehrusn
Ns~ Nogk mot.on piciure dEeetQr, =
know abegt
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14

IA .avsaior has Designed a machine
a. punch and issue transfers
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-09-14

PHON8 lsN.
To get your clothes clcaneA the On.
Ices why; pressed and repaired n ~
town style. prompt service
euPREA1E TAILORING o..
Try us sis Tay'a y
Martinsburg journal. [volume] (Martinsburg, W. Va.) 1920-1977, 1921-08-10

| tailed, there Is cotton enough IN
this country now to supply the ac-
tual demand for at least year,
even If no cotton at all were raised
here during 1921.
Larger stocks of grain were
held on farms in this country
on March l this year than on
that date in any other year In
history. Wheat was the only excep-
ton. Almost half of the country's
record corn crop Of last year re-
NAMED on the farms in March,
more than a quarter of the wheat
crop and almost half of the large
crop Of oats. There Is about a two
years supply Of tobacco and wool
on hand. The bituminous coal in
dustry is developed far beyond pres
ent or Immediate future demands Of
domestic trade. There are indica-
tons of an oyer-supply of zinc,
shoes, and manufactures of leather.
And the decline in the operations of
Martinsburg journal. [volume] (Martinsburg, W. Va.) 1920-1977, 1921-08-10

varied but little, the great change
being in exports.
In March, the latest month for
which statistics are available, ex-
ports were valued at $3S4,000, 900,
as compared with an average Of
$3.50, 100000 month during 1920.
February's total exports were the
smallest In value since June, 1913,
and below the monthly average Of
any year since 1916. Our exports
for the first eight months Of the cur
rent fiscal year were more than one
hundred million dollars less than
for the corresponding period Of the
last fiscal year.
And let US not be deceived by our
tremendous favorable trade balance
into thinking that we have vastly
increased the volume Of our exports
during the last six years. The fact
is that quantities have not increased
anything like values. The rise in
prices of commodities since the war
Martinsburg journal. [volume] (Martinsburg, W. Va.) 1920-1977, 1921-08-10
CLASSIFIED ADVERTISEMENTS BRING YOU QUICK RETURNS
Everybody reads
If
that
NEARLY z MILLION FOREIGN
BORN WHITE RESIDENTS ARE
TO BE FOUND IN THIS LAND

The Bureau of the Census, De.
partment of Commerce issues a pre-.
iiminary statement giving by states
the citizenship status of the foreign
born white population 81 years of
age and over, as ascertained at the
census taken as of January /. 1920.
A preliminary statement covering
the United States as whole was
issued under date of June II, 1921.
Citizenship of Men.
OF the 6 G2S,027 foreign born white
males y years of age and over
enumerated at the census Of 1920,
2.314577, or AIS per cent, were re.
rorted as naturalized and 1,116,, sos,
or 161 per cent, as having taken
out first papers; 2,13S,205. or 800
per cent, as aliens; and for the re-
naming 35S,5f7, or SO per cent. the
citizenship status was not ascertaln>
ed by the enumerators. SO alto
gether $50 per cent. or almost two.
thirds, Of tho foreign-born white
males of voting age were either ctr
zonS or on their way to becoming
citizens The corresponding per-
ccntage in 1910 was 54.2. the per
cent9ge of natuaiized citizens at
that time being 456 and of those
who had taken out first PAPERS Sc.
The most striking change is in the
number who have taken out first
Tapers-57o.T72 in 1910 and 1,116,-
SOS in 1920.
Thcra VA increase Of AZ per
crit II Ind ! number of foreign
"orl W hite y les II years of age
and oyoa, Of 90 per cent in tho
nrmGe4 naturalizcd and Of $50 per
cent in th3 number having taken
Dat first papers, together with de
tHc@sH Of AZ per cent in the number
tCrGrted ds aliens aad a decrease Of
SIS per cent in the number for
%ha1 tie ciuzenship status was not
ascertai1ca. These changes are the
-lct result OF two causes: "a Prior
to the entrance of the United States
iu5e liz N2-il War largo numbers
Of alioGs 2s7lled for citizenship pa
per, wlIl3 those VINO had already
taken ONT their first papers and were
eligible for the full citizenship
at.tu5 avalled themselves of the op-
portnnity to assume it; 90 a very
great reduction in the influx OF
aliens took place during the second
faif Of the decade t9t0-1920. The
- ~ v?As a decrease in the pro
Martinsburg journal. [volume] (Martinsburg, W. Va.) 1920-1977, 1921-08-10

iron and steel mills would seem to
indicate that although there Is not
a surplus Of finished products on
hand there IS opportunity for much
larger production II latent foreign
demand can be stimulated.
The surplus copper, raw and re-
fined, In this country Is estimated
at more than one billion pounds.
Europe formerly took about half
Of our copper, and the world de-
ponds upon the mines, refineries
and smelters Of the United States
for its copper. Yet the whole world
has not been so badly in need of
copper in years. Lack OF credit
is responsible for the piling up of
surplus.
There was less meat produced in
and less exported from the United
States in 1920 than in either of the
two previous years, although con-
sumption here in 1919 and 1920
Martinsburg journal. [volume] (Martinsburg, W. Va.) 1920-1977, 1921-08-10

portion which aliens represented of
the total foreign-born white popula-
ton, with corresponding increases
in the proportion of men who were
naturalized and Of those who had
taken out their first papers.
In 81 states and the District Of
Columbia the proportion naturalizei
increased; III IL states and the Dis.
trict the proportion having first pa.
pers increased; and in SO states and
the District both these proportions
increased For Louisiana, Oklaho
ma, Texas, New Mexico, and Ar.
IONA the returns show very consid
cradle increase in the proportions
alien. These increases were dug
wholly or mainly to the presence il
1920 OF large number OF natives o.
Mexico, this class of the population
having more than doubled during the
last decade-increasing from 219,S02
in 1910 to 477,521 in 1920. In Ne.
vada and California also the influx
of Mexicans resulted in increases
in the proportions alien, but these
increases were less pronounced
thdH IuoSS III Tic OluST btdleS MANI
cd.
Citizenship of Women.
The figures showing the citizen.
ship status of foreign7born white
females refer to 1920 only, no re.
turns as to citizenship of women
being called for al the census Of
1910. For the United States as u
whole, somewhat more than half (52
per cent? Of all the foreign-born
white women in 1920 were reported
as naturalized and twohfths GO per
cent? as aliens, leaving only Ii per
cent reported as having taken out
first papers and 67 per cent for
whom the citizenship was not report
ed. At the census Of 1920 woman
married to native or naturalized
citizen of the United States was re-
turned as citizen, even though her
self foreign born; ard q natiye-born
woman married to an alien or to a
foreign-born man who had taken
cut his first naturalization papers
only was returned as an alien. But
the number of aliens here consider
ed includes only those who are Of
foreign birth. An unmarried WON"
an born in the United States is, OF
course, a citizen by birth; and for
an unmarried foreign born woman
the process OF naturalization Is the
Martinsburg journal. [volume] (Martinsburg, W. Va.) 1920-1977, 1921-08-10

the cost Of their maintenance and
operation.
The industrial slump has had a
marked effect, too, on our merchant
marine - which, incidentally. has
cost us four billion dollars. The
United States Shipping Board now
has $50 steel vessels Idle, more than
half of the Shipping Boards total
tonnage, in addition to idle wooden
and concrete vessels. 1t was esti-
mated recently that the big steam
ships were carrying an average of
only so per cent of their cargo ca
pacity on eastbound trips.
The reactions here of European
conditions - reflected in the
large accur '~ - of some Of our
principal EXP. .Mmodities and in
our foreign trade statistics. With
foreign demand reduced to approx
mately one-third because Of a lack
Of buying power abroad and with
domestic consumption greatly cur
Martinsburg journal. [volume] (Martinsburg, W. Va.) 1920-1977, 1921-08-10
FOR SALE
PRIVATELY

One 3 horse power upright boil
er, complete; one horse power
horizontal lubricator, sausage
grinder, bone grinder, feed
grinder. one so ID. upright suffer,
100 gallon steam Jacket kettle,
scalding tank. betting, pulleys,
shafting, hangers. lot beef trees,
gamble sticks, track pulleys and
hangers. All equipment for first
class slaughter house. Sixty gallon
iron kettle, / horse, Q spring wag-
one with new wheels and tops, 2
sets harness and watering trough
Purchaser may rent the building
where equipment is now installed
w. X. KLINE.
11S North High Street
s Ct rop
Martinsburg journal. [volume] (Martinsburg, W. Va.) 1920-1977, 1921-08-10
DEFY RETURN
TO PIECE WORK
(5y international News

(By International News SerVlce.)
Chicago, Aug. lobbying the
railroads to establish the piece
work system of shopwork, represen-
tatives of the Federal Shop Crafts
Of 3S eastern railroads today de-
clared that an immediate walkout
would follow orders by the U. S.
Railroad Board sanctioning either
the piece work system or abolish
ing time-and-a-half for overtime.
Martinsburg journal. [volume] (Martinsburg, W. Va.) 1920-1977, 1921-08-10

I has been the principal factor In
raising the values of the exports
since 1914. In fact, the value of
exports increased by 219 per cent,
whereas the quantity Of exports in
creased only about SO per cent from
1913 to 1920. 1t would not take so
tremendous slump in exports to
put us back to the pre-war quantity
basis, and the calamltous effect
which that would have now on our
expapded industry requires no ex-
position.
The enormous surplus Of exports
In the last six years could never
have been made had exports not
been financed on the faith that
they would ultimately be paid for.
In the twelve months Of 1920, 70
cents out of every dollar of exports
represented goods shipped abroad
on credit, and In January Of this
year SO cents out of every dollar
was on credit. 1t has been estimated
that our commercial credits to for
eign buyers now aggregate four bill
lion dollars.
But our existing facilities for
financing our export trade will not
permit an indefinite extension Of
the amount of credit necessary to
bridge over the present reconstruc-
ton period. In fact, that Is the chief
reason our foreign trade faces the
prospect of serious decline. There
is no material dlminution, as a
whole, In the urgent need and in
sistent demand abroad for the prod
ucts Of our fields, mines and fac
tories. Weekly losses to American
manufacturers, indeed, are running
into millions of dollars because Of