davidaulloa/AmericanStories huggingface dataset:
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Right Hand Didn't
Know About Left

"Youli find no liquor In this suit
ease. Harry Johnson declaimed
when approached by federal prohibi.
ton agents on the street
nut In the suit case in Johnson's
Other hand they found H.vsn quarts
Information charging violation Of
tho Nolst~ad act was fil~d against
Johnson In federal court Monday BY
George Matthew. ASSISTANT United
States district attorney.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Fire Truck Turns
Turtle; Barn Burns

Running into a ditch several miles
from Kent. the Kent fire department.
truck overturned at p. m, Sunday
while answering an alarm from
o'iirlcn. The machin. was trying q
pass another ear No one was hurt
Fire Marshal Frank Francisco said
Meanwhile. G. -. Premises big barn
at o'Bricn was destroyed. Los. was
estimated at IS 900.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Post Appeal Bond
for Picture Bride

Appeal bond OF $1,000 was posted
IN federal court Monday for Horay~
Eakilruchl. japanese picture trsde.
whosc petition for viii ~ habeas
corpus 10 stay deportation was. re.
esatiy denied by Federal Judge cush.
man. The rirI was refused by her
prospective husband upon her arrival
in the United states more than n
year aFp.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Celebrates May Day
by Beating Family

In A complaint ffIcd by The props
cutting attorney Monday. George
Henry. wild Is charged with abit
in the third degree because. accord
ing to the arresting policeman. he
celebrated May day by beating bis
wife. Elizabeth. and his daughter
Kate. IL" at 5eiT 4sth ave. s. w.
The policeman said Wild admitted
pushing 'em around" :.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Serves Flapjacks
on Street to $50

Three hundred and fifty men were
fed pancakes by Captain Anderson.
Of the A. Il. r., the "flapJack king, 4"
and now OF tho Salvation Army. in
front OF the Salvation Army build.
ing. 1fi2 Sixth ave. Monday.
Plenty more men could have been
fed but Captain Anderson ran out OF
material
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Kelly Knocks 7th
Homer; Ruth Five

NEW YORK. May s.--George
Kelly of the New York Giants. TO
day scored his seventh home run
OF the season. Babe Ruth's pres
ent record Is five.
Kelly drove the ball far into the
left field bleachers at the Polo
grounds. getting his hit off Wat
son OF the Braves in the first
inning
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
SHES at Car, Horse
Collides With Auto

Shying at an interurban car at
Chicago st. and Duwamish ave Mon.
day. horse driven by Sidney Par.
IRISH. ss0s Eighth ave. s.. stepped
into the path OF an auto piloted by
M. V. Fox. %, of 44so ssrd ave.
S. Parrish was thrown from the
wagon and cut on the face. He was
attended at city hospital.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Seattleites at New
Bridge Dedication

Headed By Robert =. Boyns. prcsi.
dent Of the Chamber OF Commerce.
a delegation OF prominen, Seattle
business men viii attend the dcdica.
ton mex, Friday OF the s325 900 steel
bridge between Burbank and Pasco.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Auto Rams Truck;
Woman, Girl Hurt

Mrs. w. l.. Robertson and Fern
Robertson. 4. were injured when the
auto OF A. f. Book. 1881 18th ave.
5. w. rammed an uplightcd truck
on Western ave-. between Spring and
Seneca SITS, Sunday night The girl
was cut by flying glass. while Mrs.
Robertson received a bruised right
knee.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Woman Jurors Best
Ayers Prosecutor

In The opinion Of lawyers and
judges women jurors are no worse
and no better than men; In prosccu.
tor Malcolm Douglas opinion they
are highly desirable. according to
Douglas speech, delivered Saturday
In Portland. under the auspices Of
the w. c. r. L.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Sues for SIS, 900
for Loss of Leg

Claiming he lost the use of leg
as a result OF injuries received whils
loading ship March 22. 1920.
Michael Joyce is suing the Interna.
tional Stevedoring Co. and Frank
Waterhouse & Co. for $4,000 in
Judge w. O. Chapman's court.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
L ongshoreman Held
for Family Attack

Accused OF beating his wife and
two daughters and threatening to
burn the house down. George II.
Wild. ~. longshoreman OF 49i7 END
ave. S. w. was in city jail Monday
charged with assault in the third de-
gree. Patrolman w. J. O'Brien ar
rested him at the home.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Greek Church Here
Celebrates Easter

With lavish vestments and ritual
centuries old. the Eastern Russian
Greek Orthodox church. 1853 Lake
view Boulevard. celebrated Holy
Pasch." or Easter. Sunday. Hundreds
of persons came from all parts OF
the Northwest to attend the services.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Legion Plans Fine
Orthopedic Concert

Musical artists from British Co.
lumbia will give their services at a
concert May Is at the Arena for the
benefit of the Children's Orthopedic
hospital. Seattle post No. is. Ameri.
can Legion, is making arrangements.
Tickets went on sale Monday.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
Car Extension Work
Tentatively 0. KID

Extension and construction work
on the municipal railway. totnling in
cost more than ss25.o00. was tenta.
lively approved by the council utili.
ties committee Saturday.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02

Neao styles IN dogs ,oH styles coors haze
rived result of White House occupants Carlo the
Collie lower right reigned supreme. Then Pearl
the Pomeranian upper le Pete the European police dog
Noicer lett suppldnted Pearl after the Then
Brutus the bull upper rghD. Now President Harding has
refused to hare anything to do NTH bulldog offered By
odrer preferring Laddie Boy his Airedale (cente) SO
Airedales ii acH be-for the present, at least
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02

The new 100.inch reflector mt
Mount Wilson observatory brings
more than o0,000.ooo stars within
sight.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
PERSONAL

REWARD
ti0o reward viii be paid for the re-.
turn OF all papers, money. etc,
token On night ~ April 81. 1871
from the office OF the Flora Com
pRny. tai alta ave. T. or up Go
ia00 viii be paid Tor Information
leading 90 the arrrHt and conVic-
ton 81 party OF parties commit
TING tho theft call Elliott assl
WANTED = EVERYBODY INTER-
eHtea ~ physical culture to COM
muaicatr with pf Cervi MacfAd-
den's graduate. T0A First ave.
ANNA Marks. nydrothrrapy. scien-
tifie massage. fn7 Mutual fife nid.
NtfilsE-Mru 4 wiilelksch. Ballard
1857
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02

VANCOUVER, b. C.-Two trans.
pacific liners bring 100000 cargoss
OF silk from Orient
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02

The u. s. bureau OF standards says
II Is now possible TO telephone by
wireless as far as by wire.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
STOCKS AND BONDS
- BUSINESS OPPORTUNITIES
G { G g G c { { G c { g G g {
LOCAL MANUFACTURING
PLANT

6 c { c c c c c c e c c g c c { {
c LOCAL MANUFACTURING {
9 PLANT
9 Wants good. reliable mon, who Z
g are mechanically inclined. {
q Wages 20 start. s. so per day. {
9 Top wages for good machiuist {
9 and tool makers. $3.50 per {
g day. Factory has been in op- {
G GRAFTON for the past 10 years. {
g now working big crew Of men {
G An Investment Of 1000 re- {
G quircd. on which will be paid {
6 good dividends. Every doll {
g lar OF your Investment fully {
G secured and will be returned {
g 10 YOU " position should {
g prove unsatisfactory. This 4
g company has the O. X Of all {
G large Wholesale houses and {
G leading banks OF this city. IN {
G you can qualify f1r good {
6 position. see 81 RAZIEV. {
g COMMERCIAL IN ..STMENT {
G COMPANY Z
G 77-1s-2s-2s Seabonrd Bldg. {
- Fourth Ave. at Pike -. {
c ccc c c c G c c c &C c c {
WITH SNAIL CAP
ital can buy laundry. Good oppor-
tunity for right man. Address, r.
o Box 1850. Wenatchee. Wash. for
particulars
wANTED-NURSE on DOCTOR TIC
invest $4,000 or more In a baby
sanltnrlum, partly furnished. good
location. and goat milk. Write
C-1f. star.
ES'rA fLiSHED AUTO PAINT SHOP,
best location. Auto Row. All We
ask II 5000 for this business. Bet
ter hurry. G1S u. Pike.
7-ROOM HOUSE; 5 ROOMS FUR.
nished; good location for tran
sients $500; 500 down. 3lG CO.
lumbia, Off Third ave.
BEST LOCATED 20 ROOMS. FUR
nished, 5000 down. balance terms,
or trade. 1923 sixth ave.
FOR SALE-BAKERY AND RES
taurant, doing good business Mae
Ware. oak iIarbor. Wash.
FINE MERCHANDISE BUSINESS
for sale. exchange for securities.
real estate. Elliott 2iJ.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02

ONE OF THE FINEST CON.
CEKTS OF sacred music ever heard
In Seattle was rendered at the Holy
Names auditorium Friday night by
the boys choir of st. Joseph's
church
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
10 WEST SEATTLE PROPERTY
v1ANrED-REAL ESTATE


CHERRY VALLEY SPECIALS
10 acres deep rich loan. soil level;
Ga acres; small house level. good
soili close 60 school, Joins i'm.
proved berry farm. tIa0, 1900
cash. balance easy terms.
10 acres deep. rieh loan noll. level:
viii grow anything $500. $50
cash, $40 par month. Adjoining 10
same price,
20 acres, small house; spring. part
bottom land. $3.50; f2oo cash. bal
Hnec easy.
90 acres over half black bottom
land. balance good upland Wiii
sell In 10 or gu-aerc TRACTS at $50
per acre. terms 20 suit
The above tracts are In the famous
Cherry valley district. close 70
seattle. on good auto road. deep.
rich loan soil. Eub-irtigatrd. no
gravel For hrrrieh. fruiL chick v
ems OF dairy you cant beat "a WIN
sell you any thing from an acre 20
section. Cath and Hee our iist
VIII take you out any time.
sEELY a CALLAHAN
i0B Htncklcy Bids. ~ Second Ave,
Main ahti
- - 80 . .
SELLING THE OLD HOME. {.
STEAD IN BERRY FARMS Z.
|. owner has too much land--has =
decided TO soil part y the old :
homestead in small berry :
farms. the land lie cleared ana .
ready 20 farm. black. mrilo~ .
soil. very deep. has been IN .
meadow for over 20 years. on I.
paved highwHy. witt~auto bus I.
and freight service 20 cities .
walking distance to street car: .
large frutt cannerY and fruit
juice plant close 20 salt water .
which lnsafrs even TEN pera-. .
turc. The fret time this land .
has ever been offered fot sale. I.
fret time shown this coming :.
q. sunday b. auto Have room :.
fet SIX sunday Price. fiss [.
per acre ti~ss than cost 81 .
clearing1; easy tsrris
office open saturday evening.
20 . .
/. CARTER. MCDONALD 4 Z.
MILLER .
EOS Columbia Sc Elliott $50 Z.
...ss. ......
10 ACRES oooD SOIL $1,000
800 cash. balance easy terms nlEht
On main highway. on mall. stage
and milk route. near town and
sawmiil. part cleared and fenced
some fruit trees. free lumber Tor
building. A.0ae feet delivered on
ground
10 ACRES 1900
TIMER ENOUGH To PAY
FOR H. sam. location and terms
fto White mag.
FOR SALE
Five and one haf acre. across fsAke
Washington. 50 acres CLEARED and
fenced ready for b~rrirE. a rood
running strkPfn. south and east
slope for grHpes win take good
used Fottp and. $500 a. half ray.
tnen'. balance easy Queen Anne
ttsG
sACEiFft-E-ACRE TRACT FACING
on Eimonds paved road: lies fias
$50 cash. fiorpsr Vapnth mRkre you
the osurr East'tTis
ANY SIZE TRACTS or GOOD LAND.
close IN. at your own terms SID
ney is22-I-s, Box zgT. Route J.
N~attis
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
10 rOR sAi-E-MiscEIL,NEOU =
The Seattle Star
DIRECTORY
Attornr,satiaw

Aitorne, s.ai.iaw
j. q nALi~--EsTAnI 1857.
All easeA Consultation. adyiea
Moderate fees. Fr.e department.
sls burke Elds sos SECOND ave.
Attorney
rnEDERick y. ookIS PAT
snt Attorney, American and 'or-
eign patonts secured. developed
aud promoted sss.s-T Genital
Hidk, Seattle. Wash.. aud sos y
q, n w. Washington. ID. c
II. l. BEYNoLtbs. " 80 q 4. REY-
Not.DF T.stsblieh-d Seattle. tssz:
years examiner u. q Patent Of
flee. to1.s Lyon uid- Elliott toTt.
PIERRE hARsE3. Main $3.50 i.i1-
- hoge wa. fatenis Ttadsmarks
Calsen,ining
ffRHT-ct.ARa ALCIafSISu
painting and floor waxing. East
szss. fisidss
Certified Public Accountants
=. q hANsES 3 60. I.eary nlax
tbnoprAsior
On n ~ TURNER. cHiHorRAc-
tor. .i0-f3 nAisht nid. 2A.Pins
Hours, 1875. Eve. dates. Eii sass
JENNINGS a JESNiNos. GRAD
yates % Palmer school Denny
Dldg Naln al.
Coiiatrrai Loans
MONEY LOANED on ALI ARTI.
elss Of value. THE REi.iADLE
SCI Third ave-.
Daneing Taught
frlvs,s is,Eon. Stevens eth a Pike
Nay prSS--l-atss, dances East az
Junk
ALASKA JUNK CO. iis6 rirs, ava
Elliott azsi
kaIso4nInlnE
h. " Ed~ards D.. y. Edwards
THE FQtfARE ctEASEns
wfsDOWa WOODWORK.
BUILDINGS
Floors waved and sArnlAhcd. Kaiso-
Mining private f~nidrnCes spe-
etalty. First-elass work guaFan-
teed. Give us trial and be con-
our PRICES Az. IN. MOST
REASONABLE ~ SEATTLE
PHONE MAIN 90.
Money 10 Loan
MONEY TO LOAN
On diamonds and jswelry. on most
satiHfactory terms
SOCIETY FOR REMEDIAL LOANS
IL SEATTLE
is asond hT ggssr M Ns,ie.ns
MONEY TO t.oAs-WE LOAN Any
AMOUNT ON DIAMONDS watches
and jrwrirys lowest rates
G~attie's Oldest Loan Brokers
AMERICAN JEWELRY co.
al second Ave. EstAbilshed 1879,
MONEY LOANED on AuToMo-
biiss Easy tsrns. Dfiv. white
you pay. Rhodes. so; Washington
Bldg.
LOANS on AUTOMOBILES
Retain and drive your car. r. "
sargent. 500 Central BID. III ei,s
Monuments
PUGET SOUND MARBLE 4 GRAN
ite Co. int aud virginia Estab-
Optician and 0ptometrist
J " Edmunds Frss-r-paterson CO
fsin,ing and Pap~rhansing
PAINTING. kALsoMtNtNG MAIN
zT04. East s9ks
Physicians. surgeons
DIR. n. n FREER
Physician and Surgeon
Chroplc Diseases.
Specialist for Men.
sos y Third Ave.
Piano Tuning
Piano tuning now only ss.0o. Re-
pairing. John strom. Main 59ts.
ltaxor Blades sharpened
spangenberg. Cutlery. 1907 ,th ave.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
FARMS FOR RENT

s0-AcRE RANCH, h-MiLE FROM
Forest Home Academy. miles
northeast % Mount Nerno. n 6.
Clear Lake road Renter cxactsd
70 buy cows. bees. chicken etc.
For prices and particulars com
rnunieate with u, " Lowe. H. 6.
Mount Vernon. wash
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
THIEVES CARTED AWAY slot

worth of sllvcrware in grip from
the home of w. A. Regnlia, 402 Hol-
laday St, during the night. he re-
ported to police Monday.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
FURNISHED APARTMENTS
AND FLATS

rzs2NND ONE $40 BROOM
-sifmsh apartment. walking dis
lance; Immunity bath; free light
and gas In SIS suite: phone SER
vice: lots Of heat and hot water.
clean as q new pin. no children.
references. The Swan Apartments.
Is H-Lp~~ ~ Capitol 1888.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
FARM LANDS

skAcfT COUNTY FARMS
Arc as good a. the best oar first
bench togEed-off lands arc 90
peclsliy fine for berries and gen.
erai farming Close to railroads
and market. s25 and tGb per acre.
In t0-acre tracts. is tho price while
they last on this Clear Lake I.um.
Der Co, land aais. Let us tell you
about a.
~. c, PETERS. 7ts Third Ave.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
PATENTS FINANCED

PATENTS FINANCED AND RIO.
NOTED our business Efficiency
Department HpecialiEea In RI
nancing meritorious Industrial
ASSOCIATED INVESTMENT co.
aO6 CrAry Hldg.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02

| WANT TO BuY DIRECT FROM
owner n general merchandise buH-
tneRa, IN city OF Countfy. spot
cash, Quick, active confidential
Martin. COZ Alaska Bldg. Phone
Elliott 39ta.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02
10 BUSINESS OPPORTUNITIES
WANTED

SOLD IN 10 DAYS
All lines OF business sold. partners
obtained, additional capital proc
cured expert Haieamon stay with
our buyers until you get the
money. We have hundreds Of buy.
ets waiting. BUSINESS ~ OOOD
WITH Us, ron QUICK ACTION
get IN touch with this office at
once, We can sell your business
In 10 days
IDEAL lNVERTMENT COMPANY
Second Ave. and Marion 81
tg2 Burke tidH,
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-05-02

CARLOAD OF HORSES PROM EAST
OF the mountain single horses.
well broke. $50 up. team. weight
400: Uns team. weight 2sO0. sew
erai head of horses. weight about
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-07-15
HOT NIGHT BREEZE
DISTURBS SLUMBER
Mercury Climbs Past 90 Mark
Daily-Heat Wave Causes
Sickness Among Babes.

More than six weeks OF torrid
weather more suitable 70 the tropics
than 10 South Bend, has established
heat record for this city. without
RELIEF IN sight other than thunder
storms which act as a temporary
agency for checking the heat and
saving the crops. citizens OF South
Bend begin 10 look upon the heat
wave as a question OF endurance.
Physicians report much illness
among infants due 20 the constant
heat, Il is also reported that some
fatalities have been indirectly caused
~ the hot weather or at least has
tened.
II IS not the average daily climb
OF the mercury 10 pass the 90 mark
which has affected the disposition
Of South Bend sufferers as much as
Il Is the fact that the cool breezes
at night are dwindling and. in their
stead, a hot gust which causes the
slumberer to rest uneasily has abeen
substituted.
Reports from some states. the ma
jorlty IN the central west. are that
farmers have begun 10 look after
their fields by moonlight In order 10
escape the burning rays of the hoC
sun. So far as Is known. moonlight
farming has not been attempted in
South Bend
Whit apparently was a heat pros
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-07-15
MAYOR PASSES The
BUCK IN MATTER OF
SOLDIERS MEMORIAL
Proposes to Let Citizens De-
cide-Referendum In
November.

II will be up 20 the rate-payers Of
Mishawaka 20 finally determine
whether the proposed 100000 me-
mortal building 20 comm emorate
the part Afishawaka took in the war.
and petitioned for by the local
branch Of the American Legion and
several hundred citizens. be erected.
Sitting as a committee OF the whole
the city council met in the mayors
parlors last evening and listened 20 a
lengthy and exhaustive statement
read by Mayor Gaylor in which he
recommended in view Of the amount
u money involved and the present
high rate Of taxation. that the mat
ter be put 20 a referendum Of the
people during the early part Of No
vember. Final action IN this respect
will be taken by the council at its
next meeting.
The session was held behind closed
doors. and after reading his state
ment the mayor informed The News
Times there was nothing doing"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-07-15
TWO DEATHS OCCUR
IN CITY THURSDAY

Klaas Holman died at the home Of
his daughter. Mrs. Jennie Moran.
Sol Z. Lawrence St, after an illness
Of four years. He was born in the
Netherlands. April p, 1S49, being
10 years old. He came to America
% years ago and resided near Chi
cago where he was engaged in truck
farming until about a year ago when
he came 20 this city. He is survived
by the following children: Mrs.
Moran. at whose home he died; Mar
tin, Chicago; Jacob, this city, and
Mrs. Margareth Tanninga Of Chi
cago, and four grandchildren. lie
also leaves a brother and three sis
tiers in the Netherlands.
Elizabeth Courtney Dies.
Elizabeth E. Courtney died at the
home OF her niece. Mrs. Robert o.
Fitzsimmons, 524 w. Grove st.
Thursday morning after a four
months illness with complications
She was born in Pennsylvania Dec
10. 1912. being rs years old. She
came 10 Mishawaka from KokomC
three years age.
Funeral arrangements will be
completed and announced later.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-07-15
Agriculture
Canadian Farmers Produce at Loss
-OleO Manufact urcTs Complain
Grain Growers. Inc, Opposed.
BY IeOnard p. Bennett.

Canadian farmers are producing
their crops at loss. says the Toron-
to Globe after a survey. This an
nouncement will occasion no sur
prise, as American farmers pro-
duced at a heavy loss during 1920
and conditions in Canada duplicate
those in the United States for the
most part, both as regards agricul-
ture and manufacture But it does
serve to emphasize the necessity for
a realignment of prices and the pro-
vision of credit that will put the
farmer on an equal footing with
the merchant and manufacturer.
Pitiful is the lament Of the oleo-
margarine manufactures, said to
represent an invested capital of
more than S100,0O0,000, who nave
decided to inaugurate national
publicity campaign for the purpose
Of counteracting what one Of their
officials termed "the tide Of selfish
agricultural class interest and the
storms Of satanic propaganda" The
per capita consumption of margar-
dne in Europe. he declared. is from
three TO 10 times that in America
where II would be larger than II
is had not much been written about
margarine that is libelous and
false Whatever injustice the cleo
manufacturers may or may not have
suffered. the fact remains that oleo
never has and never will compete
with butter in public favor and its
price must necessa rily remain on
iowet levels in order 10 attract buy
ers.
Congress has a considerab BILE pro-
gram Of legislation in hand for the
relief Of agriculture The Curtiss-
Nelson BILL which passed both
houses. will add $4,000. 600 10 the
| capital OF the Federal Farm Loan
banks for lnng-term loans 10 TIE
farmers. The Senate Agricultural
committee ordered a favorable re-
port on the Norris bill 10 create a
huge government corporation 70
promote the expectation OF farm
products.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-07-15
Money and
Fl ma nee

Credit Situation Steadily Improves
Interest Rates show Yielding Ten
dency-Banks Save Many Enter
prises.
The credit situation is steadily i'm
proving circumstance which the
stock market has ignored, but which
Will help immensely in the later re-
vival Of business. Interest rates
show a slight yielding tendency, and
New York time money has been
loaned in large sums at 6 1-2 per-
cent when formerly the rate was
seven percent or above. Thanks 10
the decline in prices, liquidation, and
the gold inflow, bank reserves are
high enough now to cope with all
probable increase in business act
ivity. The banks report no lack Of
accommodation for legitimate bust
ness on reasonable time. Bank
clearings during recent week
stood nearly 80 percent below the
corresponding total Of year ago.
The July / interest and dividend
disbursements and maturities caused
no disturbance Of material tighten
ing Of interest rates.
Liquidation of stocks and mer-
chandise is nearing completion, in
the opinion of some well-informed
observers. Banks and other credit
ors have been dispos.ng of securities
and merchandise which they were
compelled to take over. During the
past 2 months, despite their policy
of contraction, the banks have been
responsible for saving many worthy
enterprises from destruction. Much
liquidation yet remains. but the
foundation has been laid for better
business and the industrial fabric is
mending Federal reserve notes in
circulation have declined % percent
from the high point of December,
1920. while loans Of all Federal Re-
serve banks have fallen from the
high point of last October 80 per
cent. The ratio Of the Federal Re
serve system stands at the highest
point since early 1918.
The banks are being importuned
/ to relax their restrictions on credit
and facilitate an upturn in business.
/ Probably the time 3 near at hand
when they can safely pursue a more
/ liberal policy than heretofore pre-
vailing The fear OF renewed in
| flation seems ill-grounded in view
of recent price tendencies and the
punishment which spectators have
suffered. At the same time the
banks must loan judiciously and in
moderation, taking account of the
purpose for which the money Is
/ intended and the circumstances of
the borrowers. They hold the ma
tons money as trust.