davidaulloa/AmericanStories huggingface dataset:
The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1921-05-25

OF the American National Bank q
Richmond, sat in a conference there
He said when we are ready to act ~
will call together the leading Local
bankers and have them get together
in one Office in Richmond, all the So
called local and city banks, and reach
decision as to the fair amount nm
will loan on tobacco. That is the MN
you will do tin conference wsfh
| your bankers.
A MEMBER-Do you have the
tenant system? A great many people
here are interested in knowing what
becomes of the tenant.
Tenants Become Owners.
MR.. SAPIRO-We started in with
the same thing out there. Here is an
interesting thing: Where you have a
cooperative marketing association
Tor term of years you can mathe-
matically show a decrease in the ten
ant system and an increase in the
small owner system. But we original
ly started with tenant system. Let
us first distinguish between the crop
ping system and the tenant or lease
system.
Technically the difference between
the cropping and lease system is that
with the cropping system the land
lord retains the title to the product,
and the so-called cropper has nothing
of the product except occasionally as
whatsoever to do with the marketing
matter of courtesy the landlord lets
him do So III your arrangements are
cropping arrangements, as in some
LEFT To-
and some cotton districts in the South
then the only person to sign up is the
landlord. If your arrangement is the
standard leasing system you have this
problem: If the landlord is passive
that it, doesn't oppose the thing, but
is passive-you may sign up the ten-
any without doing any harm and sim
ply take care of the tenants share. If
the landlord is favorable you sign
both the landlord and the tenant. If
the landlord is antagonistic, as some
times happens, then, even though the
tenant wants to sign up, don't sign
up the tenant because you get him in
trouble, with his landlord. That is the
rule we always observe. Wherever
possible, however, sign UP both the
landlord and the tenant. If, however,,
you have case of lease on caSk
basis you sign up. of course, only
tenant because the landlord is nd
technically or legally eligible to be
signed up.
A MEMBER-The landlord, of
course, has superior lien to every
body for sixty days after the property
leaves possession At the expiration of
the sixty days his lien is not superior
to anybody else's lien. How does he +,
maintain that superiority?
MR. SAPIRO-You mean how to
keep the landlords lien for money
advanced? That is perfectly easy. Let
US put it this way: In what different
position is the landlord from the bank
er who has advanced money to the
grower for his crop? The landlord has
4 landlords lien, just like the bankers
The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1921-05-25

crop mortgage on his cotton. We are
arranging written agreements with
the banks to handle that cotton for
the joint account OF the bank and the
grower and pay the banks debt
charges and costs and put the balance
into the pool.
Right on that point let us take a
| grower delivering red Walla Walla
wheat He has 10000 bushels. II il is
No. red Walfa Walla he would get
$1.25. He would deliver this wheat to
the warehouse and take a warehouse
receipt; or il he delivered it to an
elevator he would get a wheat ticket.
They are both public places, the public
elevator and the public warehouse.
/ The wheat ticket tells he has delivered
10000 bushels. of No. I red Walla
Walla and nothing further He in
dorses that wheat ticket Tor the ware
house receipt to the association and
delivers il to the association. Then the
association has regular form of
draft and acceptance. 1t fills it out
and accepts a draft which he is going
TO sign for $12 900. The draft is either
"a three-months', or ninety days, or
six-months' drafe. Usually these are
three-months' drafts where there is
choppy market so we can reduce
credit as we go along. If the market
looks thoroughly stabilized we issue
more of the six-months' drafts But
remember the association is conser-
vative. This association is not trying
to get the largest amount of money
by any means, but a fair amount of
l.. -. L.
ments. We issue the draft and along
with it we give to the grower a list
of the banks in his district that favor
the plan. He must not go outside of
his dictrict unless his banker tells
him it do it. He can go to any bank
in his district that favors the plan and
present this draft and they will dis
count at the courrent discount
rate g. 1-2 or per cent
Most of the time last year in Whit
man county the discount rates were
G 10. He discounts it there and he |
gets S12.5OO, less the 6 1-2 per cent |
for three months.
Ready Cash For the Grower.
At the end of the day that bank |
lets our association know what drafts !
it has discounted Then we send over
to it the warehouse receipts or grain
tickets covering those drafts. Or we
may give the warehouse receipt or the
ticket to the grower and tell him to
take it to his own bank and so save us
the trouble.
The grower gets immediate money
within twenty-four hours after the
delivery of his stuff The local banks
nave a paper signed by the grower,
Known to his banker and Endorsed by
he association. The associations
,redt is worth something because it
las not only that grower but whole
OF of other growers tied up for four
more years. Then it has behind it
product of commercial
,alue. The banks have paper which
it is member of the Federal Re-
erve, it can rediscount with the Fe-
leral Reserve Bank If it is not
member of the Federal Reserve it
The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1921-05-25
Double Interest Explained

A MEMBER haven't seen any,
thing in your California growers that
is exactly like this. Take the ware
housing facilities in the State of Ken
lucky. Some of our growers are not
only growers, but own the principal
amount of stock in the warehousing
facilities now. Have you anything like
that?
MR.. SAPIRO-Yes, we have an ex-
act parallel A great many of the
elevators and the warehouses that
now are handling wheat and that we
are acquiring were owned by farm
ers either in whole or in part and in
some instances they were completely
owned by farmers.
What we do with the farmers is
this: We go to them and arrange for
a transfer of the elevator to a sub
sidary corporation which we organize.
We give them preferred stock. If it is
going to cost $4,000 we give them
$4,000 of preferred stock in a lump
then they distribute that to them
selves.
But some of the growers sometimes
bring out a point which your ware
housemen might bring up-they will
say, "Why | used to make profits out
of the auction system. If | sell for
the value of the physical property l
lose the so-called auction profit"
That means the farmer is just paral-
telling the elevator system where they
said, I'VE are doing two kinds of bust
ness-hrst doing an elevator of stor-
age business, that is what our plants
are built for; second doing a sort of
semi-speculative business by buying
and selling wheat. If we turn over the
plant to you we get no more buying
and selling profit, all we get is the
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
WILL THE "ALIBr BE EFFECTIVE?

Another "stl" brought in from the bushes yesterday
This probably did call for any extraordinary expense by the
county and while unqesona the still ought to be pun out OF exist
ence will about much figure drying the county as that
proveba SNOWFALL quenclng eternal fires The board Will
doubtless objection the fine being collected and
turned 1t will help toward relieving the distress OF those
widows and orphans who would have suffered the county had
contenanced the securing aid which would have made possible
the gathering of fines which past experience has demonstrated
would only equal but greatly exceed the amount expended If
the who opposed the spending OF money clean the big
places of the county really wanted little tor whole lot OF
money spend the needy and suffering there could
be collected quicker surely than spending money
the worst offenders,
That argument against comtenancing the spending OF small
aid in getting the big hootch offenders in the
about the limit Ii the object OF the enicaity aruc
and coendabe, upheld for the praseworty object OF
interfering with the relief of suffering if voted to he
upheld that by construction could the rules OF the board said
have been violated technically why there roll call
the qestion: Why there general sigh OF relief when the
members of the board obliged go record putting
stone in the way of law enforcement:
When techncaties, the selling of hoCch is more
than its practice makes OF think In
which the constitution OF the United States violated
custom to stand hind feet and veil heads off We fight
bleed and die uphold the constitution Yet the eighteenth amend
1ent is as much part of the constitution if written BY
our 7toretahers hundred Yet eChncatv.
august body the board Of supervisors La Sale county 90
record saying. AS it will make difference in politics next
year let's not take steps to stop violations until fall any
OIL future time, .at3N.
ne The officials whose duty that the hootch Joints are
put OF business may be ready get behind the ab
furnished by the board and let the ootc Joints continue to run and
h means particularly the big for by closing them
merry all but don't believe they built that In spite
OF the lack OF moral support there still remains these
gentlemen and the decent people of the county right o
demand that at least great effort be made here being
made in wide Chicago may be better allow these joints
toake the money OF weak abong mechanics
than to temporarily spend little of the money which would
he returned tenod in fines, but fails make that impression on
the average man--who is not politically interested
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
GOVERNMENT AID FOR NEW HOSPITALS.

President Harding has been advised by representative experts
from the conference unemployment recently summoned by him
to meet IN Washington OF the labor conditions throughout
the country AS result the President through Col Edward
Clifford assistant secretary the treasury has advised Col Arthur
woods CHAIRMAN OF the committee civic and emergency
mat the treasury department would Immediately undertake add
ona construction certain hospitals the amount to be expended
III ms work beng SI7o2ooo OF this s. 100000 will be
spent on the hospitals at soldiers homes located at Milwaukee
Dayton o., and Marion, Ind Other hospitals on which work
VIII be commenced at further of relieving local
unemployment are at Iuskegee Ala $225oooo; Pao Alto Calf
Hl 100000; Ittsburg, 100000; New York CITY $1,000
ooo' 81 LOUIS 100000 and rnodeng the Catholic orphan
age New York City Soooooo The treasury department further
announced that IT would cooperate every possible manner in the
reorganization work SO that the congressional appropriations might
De made available as quickly the supervising architect could an
prove the various plans -
Inc government appropriations for advancing the work on
uch needed hospitals well those the Improvement Of the
highways OF the country should in no small degree TO relieve
ne unemployment situation the localities where construction
Deig advanced Not only will furnish employment TO ,anv now
IN forced dness but the humane advantages from the BUILDING OF
e hospitals and the commercial and traffic advantages from b
Deter roads VIII tend to bring benefits the entire country r.
e matter OF improved roads of course there will be more or M
ueay from the probable lack of proper and immediate cooa
by state authorities But this ought not to be of sor
character IN any instance Better far to engage in constructive
WORK OF permanent character than naugurae dole system 70
encourage paupers such prevails in number Of urn,
Centers ~ ~ i-ui"Ie"l
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
SOUTHWEST ARID;
WHEAT CLIMBS AGAIN

Chicago, Dsc 20.--LacK Of moisture
in tho southwest together with a fore
cast of Zero weather as far south as
northern Kansas. had a tendency C
strengthen the wheat market today
during the early trading Upturns IN
price, however, led to selling on the
part OF houses with northwestern con
nections. Taken as a whole business
was wanting in volume and the mar
ket was easily Influenced. OPENING
quotations, which varied from III.
changed figures to &c higher, with
May $l.14A to $l15 and July Si04
to Sl04A We're followed by slight
gains all around, and then something
of reaction.
Corn and cats We're easy In the ab-
aence c. any special demand After
opening unchanged to sc lower, May
53Ac to 53Bc, the corn market sag
ged little all around
Oats started "a off TO 1sc advance,
May 2S$sc. and later showed a slight
general setback.
Provisions reflected steadiness OF
the hog market
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
RECORD FINE OF 5000
ASSESSED ON DRUNK

Failure to. heed a warning from
Judge George T. Koenig and because
he was intoxicated for the second
time within the past week. Red Erick-
son, who resides north of Ottawa, was
this morning assessed a record fine Of
5000 on charge of being drunk and
disorderly, when arraigned today for
hearing.
Erickson was arrested late last
night by Officers John Clayton and
Walter F. Hisler on La Sale street.
1t was his second offense in a week
as he had been arrested last Thurs
day night on the same charge. At
that time he was assessed fine Of
$40 and costs and promised not to
become intoxicated again. His pro-
mise however didn't hold good very
long.
Because he didn't have the money
to pay the fine Erickson was taken to
the county Jail by Chief of Police Ben
Ford, where he will serve time.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
$1,000 DAMAGE DONE /.
BY NEW YORK BOMB

New York. Dec 20.-Damage esti
mated at $1,000 was done by the ex
plosion early today of bomb which
had been thrown or placed in the
hallway Of a building on Grand st
The scene of the explosion was only
one block from police headquarters
and the conclusion gave officers
there a scare as some of them be-
lieved for a few minutes that threats
to bomb Wall street had been car
ried out. Heavy guards were thrown
around the whole Wall street section
yesterday as result OF tips that a
Wholesale bombing of that part of the
city was contemplated.
The explosion caused excitement
in Grand street. hundred of people
leaving their homes and running to
the street, come in scant attire. Elk
aminations of the building in which
the bomb was set off failed to reveal
the nature OF the internal machine.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
EX-MAYOR OF KANSAS
CITY TO SPEAK HERE

At meeting of the newly reorgan
lied Moose lodge of this city Mon
day evening it was decided to have
Darius A. Brown, former mayor OF
Kansas City, speak on Child Wei
fare" at the Gayety Friday evening,
Jan. q. The lecture will be free.
1t is said there is no greater exponent
of the child welfare on the speak.
ers platform today than Mr.. Brown
and that he is able to move an audi
ence from tears to laughter.
Mr.. Brown will speak in the high
school auditorium on the afternoon
of that day and the Sunday following
he will occupy the pulpit OF the First
Methodist church. These lectures are
generally secured for larger cities
and the Moose consider themselves
very fortunate to place a national
exponent of child welfare before an
Ottawa audience.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
Local Notes.

Mrs. Ruby Redman Pyle and baby
OF Streator were recent visitors at the
home OF her parents. Mr.. and Mrs.
Lee Redman, just south OF town.
iMr and Mrs ]. A. Yocum had as
formers mother, Mrs. NJ. .Yocum, and
daughter of the village and his broth
or, LII Yocum of Chicago ,s,r
Master Harold Bacon, son Of Mr.,
and Mrs William Bacon, has been alb
sent from school several days, due to
an attack of tonsilitis, from which he
is now reported as better.
pL. w Antram was a business caller
in Ottawa on Friday. grt.t ba:r. an
Raymond Carr was among those
who shelled corn. the latter part OF
the past week. delivering the same to
tho local elevator. perlsl
Mr. and Mrs. Everett Hodgeon and
little daughter spent Sunday with OF
tawafrelatives It az ..t az a.es a.,
Mrs. George Hallett and children
have returned from few days visit
with home folks near Utica. W. pirri,.
John Wagner visited his parents,
Mr.. and Mrs. A. Wagner of Deer Park,
the first of the week. r15gu j.4a u.
There will be Christmas enter.
tainment at the Methodist church Sat.
urday evening. A good program ap.
to the occasion will be
given. There will also be special
followed by a Christmas tree
and treat for the children.
Methodist prayer meeting service
evening at the home OF
Mr.. and Mrs. Simon Shapland on Bur.
ington avenue.
Mr., and Mrs G.. Schubert. their
granddaughter, Miss Edna Schubert,
and daughter, Mrs Ernest King, and
baby Of Herman motored to Streator
Sunday, where they did shopping
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
MOTHER OF WAR HERO
APOPLEXY VICTIM

Mrs. Carrie Raymond, 1908 Ottawa
avenue. suffered a stroke of opoplexy
yesterday morning. Mrs. Raymond
was able to move around. although
she is in dazed condition and is un-
able to speak. She was removed to
Ryburn hospital this afternoon.
Jean and Billie Raymond, the chill
dren of the late Lieutenant 8. w. Ray.
mond, who was killed in France in
August. 1918, will spend a few days
with friends during the illness of their
grandmother. The children have
made their home with their grand
mother since the death of their
mother, which occurred in the fall Of
1918, just a few months after their
father paid the supreme sacrifice for
his country.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20

Or, j. S. Antle transacted business
IN ottawa yesterday.
Misses Mae and Hattie Randlett Of
Waltham were La Sale shoppers YES.
terday.
Mrs. Frank Sykes and daughter
were La Sale shoppers yesterday.
Mrs James Mcclure and Mrs. Chas
West were La Sale visitors yester-
day.
Hobart Payne {from Michigan is
here to spend the holidays with his
parents.
Mrs. Frank Leach from Ottawa Wis
tied her sister, Mrs. Joe Amy, yes
terday.
Frank Mccoy was a Peru caller
yesterday.
Mr.. and Mrs. Guy Smell of Deer
Park were La Sale shoppers yester.
day.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
DR.. LORENZ LAUCHES
PUBLIC CLINIC IN N. Y,

New York, Dec. 20--Dr. Adolph Lo
REM, noted Austrian surgeon, today
opened public clinic under super
vision of the health department. He
clinic will be directed by DR.. Jacob
Sobel of the department. Arrange
ments have been made to examine
cases each day. DIR. Lorenz will die
tate recommendation to a stenog-
rapiier and will mail to relatives of
the persons examined.
The state department of education,
which grants licenses and directs the
professions in the state. recently no.
titled DR.. Lorenz that he would have
to obtain a license If he decided to
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
LIVESTOCK TRADES
DENIED INJUNCTION

Chicago, Dec Efforts of live
stock traders at the Chicago stock
yards to prevent enforcement of the
new livestock trading act failed TODAY
when Judges lands, Evans and Fitz-
henry dismissed their application for
injunction restraining Secretary of
agriculture Wallace and District At
torney Charles f. Clyne from enforc-
ing the law
AS a result Of the decision the live
stock traders win be required to file
their commission schedules with the
government Immediately and operate
under the rules to be laid down by the
department of agriculture or face
fines provided by the act.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
LOCAL MARKETS
SERVED DISTRICT IN
1858; DEAD AT SO

San Demanding, Cal. Dec. 20.--R
D. Hick, 90, who campaigned with
Abraham Lincoln and was one of the
surviving delegates of the convention
at Springfield in 1854 when the G. O.
L. was organized. is dead here. Mr..
Hick was born at Floyd, N. Y, in
1879, He was elected to the legisla.
ture in 1858 from the counties of La
Sale. Livingston and Grundy. He la.
ter served in the legislature of Kan.
sas.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
FARM BUREAU MEETING
VERY INTERESTING ONE

The Farm Bureau meeting held at
the O'Mara school was well attended
and the address given by Mr.. Black
OF Ransom and also the talk on poul.
try for immediate use by w. w. Nc.
Laughlin, assistant county adviser,
We're of an interesting character and
thoroughly enjoyed by those present.
l.. G. Rinker was reelected director
for Farm Ridge township Farm Blu.
reau.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
UTICA

Oswald Rose left for Kewanee vas.
terday to spend the holidays with
his mother.
Miss Eloise Pearson is enioying n
weeks vacation from her duties at
the substation in Ottawa.
Mrs. Rudolph Smith and two daugh.
tiers left for Chicago yesterday to be
gone few days.
Phil Hutchinson returned to Joliet
yesterday after spending the week
end at the Kinzer home.
Mrs. Emma Holcman and daughter
Mrs. George Schmeiding, were Otta.
wa shoppers yesterday.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
LITTLE CATHERINE SUTTON
CELEBRATES BIRTHDAY

Catherine. youngest daughter OF Mr..
and Mrs. S, l.. Sutton, celebrated her
sixth anniversary of her birth at her
home on Burlington avenue Saturday
afternoon. A number OF her little
friends assisted in doing the honors
OF the occasion. The time was spent
playing games that children enjoy.
Dainty refreshments were served
Catherine received a number of pretty
little gifts
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
Attend High School Concert.

Quite a number from Grand Ridge
attended the sacred concert at the OF
tawa High school Sunday afternoon,
the proceeds of which go to the fund
the students are raising for the starv.
ing in the Near East
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
DAVENPORT THEATER
DESTROYED BY FIRE

Davenport. Ia, Dec 20.-Fire In
the Casino theater at an early hour
today wrecked that motion picture
mouse Ajacent property was dam
aged considerably by water. Crossed
wires are given as the caused of the
blaze.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
Get News of Death.

A letter from Los Angeles, Cal.
dated Dec. 10. states that the husband
of Mrs. Carrie Preston Rittmeister
was buried that afternoon The Ill
ness was short, only week or so,
Hes was quite prominent, In musical
circles and was fine man. Mrs, Ritz
meisterl Is the daughter of Mrrta and
Mrs. dustin Preston and lived here
until her marriage.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
Let Church Contracts.

Charles Long, president OF the
board of the Methodist chuch, has en-
gagged j. H. Bochen of Pomeroy street
to begin repairs on the Methodist
church and parsonage, In preparation
for the redecoration of the inside of
each and the painting OF the outside
of the church. This, it Is expected.
will be completed so that advantage
can be taken Of the first suitable
weather to complete the outside work
before the extreme heat of summer
renders work disagreeable
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-20
Quarantine Youmans House.

u The house Of Mrs. Edith Yopmans
is under quarantine as a precautionary
measure until the slight Illness Of one
of her children develops enough to be
certain Just what may be the trouble.