davidaulloa/AmericanStories huggingface dataset:
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-07
WILLIAMS SAYS
COUNTRY IS0N
S0UNDER BASIS
More Banks in Operation
During 1920 and Best Rec
4. ord in 40 Years 10 Made.

Washington, Feb. THE country
IS now in many respects on a sounder
oasls economically than it had been
Ior years, Comptroller of the Currency
John Shelton Williams informed con-
gress today in what he described as
ms seventh and last annual report"
DefatioH. obviously inevitable a
year ago. he said, and prices Of many
paste commodities and raw materials
nave returned to pre-war levels or be-
low. 1T now remains for the middle
man." he declared, ITO adjust his
rohts to the new prices before the
ultimate consumer will receive the
benefit OF the reduced cost of living"
Labor, he said. must soon determine
whether a shutdown and idleness is
Hcrterred to a lower wage scale which
takes n consideration the lower liv-
ing changes. Mills and factories can
not afford to operate unless they can
t'rn out commodities at prices the
, public can afford to pay, he asserted,
and it is better for the manufacturers
to operate and produce goods at cost
or at a very narrow margin of profit
man to close down entirely. Participa-
ilon by labor with capital in the prof
ITS, he suggested; as the only princi-
pic to restore business.
S.157 National Banks.
During the fiscal year ended June
50. 1920, the comptroller said, there
we're S.157 national banks in opera
non, the highest number w report
"a. and despite the difficulties encoun-
tered they; made the best record in
Immunity from failure in about 40
years. The percentage of the capital
Of failed banks to the total capital of
all banks, he explained, was about two
one-thousandths of n per cent, or
IL times better than the average for
the entire 81 years since the Inaugural
sion of the system.
Combined of all banks in
the country on June 80, 1920. includ-
Z ing national. state and federal re-
serve, the comptroller said, aggregat-
I'd s59,153.7o4,0 600.
Figures showing Cor the first time
the business Of the. principal borrow
ers from national banks were repre-
vember Is, 1920, he said, aggregated
s13,764,0 00, 600 of which loans to
farmers and livestock raisers amount
ed to S1,998, 000. 900. or IA per cent;
loans to manufacturing concerns APP
proximated S2%,S62,OO0,0 600. or Fl per
cent; to merchants, mercantile con-
Germs, individu als in the jobbing bust.
s3.5S1..o0o. 900. OF 26 per cent. Loans
reported to bond and stock brokers
and dealers in investment securities
aggregated s664,000, 900; to railroads
shipping companies. electric light and
power companies $225, 900, 900, while
?a loans to professional men. inclId.
inE DOCTORS. lawyers, teachers. chem
ts,s, engineers and clergymen amount.
ed, to $375.0O0. 900. Miscellaneous
loans amounted to about $4,000, OOO,.
200. or 80 per cent of the total.
Gross earning of the. national banks
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-07

Shobe of the Big Bend district, A. A.
Breslin of Sanish district, Jacob
Lenartz of Osborn district and B. E.
Crippen of the Parshall Commercial
club and school district. 20
School boards throughout this sec
ton of the state are at a loss to.
now how to continue financing
schools. practically all the banks
being unable to carry warrants until
after seeding operations are financed.
The situation is regarded as critical
and many schools will be forced to
close unless some immediate assist
ice Is forthcoming, men attending
the meeting here declared.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-07

aggregated $1,1os, ooo. 900, while their
total expenses e $7s6,oo0,o 900 of
which $175,0 200, 900 was for salaries
and wages and $287, 900, 900 was for.
interest on deposits.
Good Earnings.
National banks in the city Of New
York, showed earnings on capital
stock Of 37h per cent: P~hiladelphia
"a per cent; Boston 80 per cent; Cleve-
land Fan per cent; Minneapolis PIN
per cent; st. Louis IN per cent;
Richmond 20h per cent; Dallas 80
per cent; Kansas City II per cent. and
in San Francisco is per cent. Pueblo,
Colo, with SIS per cent reported the
largest earnings in any reserve city;
Birmingham, Alabama, was next with
39A per cent and Atlanta third with
3SA per cent.
During the past fiscal year the
eight cashiers of banks and 80 assist
ant cashiers, ~tellers, bookkeepers and
others of national banks were con-
victed of criminal violations Of the
banking laws and sentenced to terms
OF imprisonment running up to six
years and varying fines.
MIR. Williams made public a table
the salaries paid the eXecu-
tive officers by all national banks
whose were~ in excess of
$2O,000,00O and showed the largest
salary paid any national bank presi-
dent to be $1,000 600 a year.
Discussing excessive salaries the
comptroller declared 'such inequah-
ties would exist to much less extent
If the stockholders Of banks were in
Horned Of the salaries paid to their
executive officers but unfortunately 1t
is an exception rather than q rule that
the majority of the stockholders of the
banks are so informed"
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-07
JURY OUT So q

Hamilton. Alabama, Feb. THE
jury in the trial of Sergeant Robert
Lancaster continued its deliberations y .. ..
today, having been out more than a6n
hours T. .
Lancaster, one Of nine members Off
Company M, Alabama national guard 10
indicted in connection with the. lynch =
ing Of William Baird. a Miner near
Jasper. was placed on trial last Mons
day. and the case went to the jury
Saturday evening. =
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-07
HIS SECOND TRIAL.

Cleveland, Ohio, Feb. fudge
William H. McGannon went on trial
for the second time today on the
charge of second degree murder for
the alleged killing of Harold Kagy,
a garage. owner, on the night of May
Z last. The first trial resulted in a
disagreement after the jury had been
out 48 hours.
Prosecutor Edward c. Stanton de-
clared he had no new witnesses. Coun-
sci for McGannon said even e wit
nesses would testify the judge was not
at the scene of the shooting.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-07
WITHOUT

Washington. Feb. 7.-Loring Dresel,
American high commissioner to Ger
many, is without authority to discuss
the question of peace with Germany,
state department officials said today
in commenting on dispatches that the
German government had made a pro-
posal to him. They added that no
communication regarding any such
proposal had been received from Mr.
Dresel.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-07
LEGION MAY TAKE
ADVANTAGE OF BIG
GIFT FOR MEMORIAL

Washington, Feb. THE national
executive committee of the American
Legion, meeting here today in the first
of a three days session, is to take final
action on the'offer of the Knights of
Columbus gift of $4,000, 900 to be used
for the erection in Washington of a
memorial building. Acceptance
of the offer already has been recon-
mended by a subcommittee and it was
expected the full committee would
hndY.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-07

re-deposits Of public money, of which
he stated ne had charge.
What investigation do you make
as to the financial status of banks
before making ~re-deposits in them? ?"
Mr.. Murphy asked him.
Johannson replied that the chief
source Of information Of this point
was the call statements and other
records in the office of the state ex-
aminer. Banks were seldom if ever
asked to send in statements direct as
to their financial condition. he said.
100000 TIED UP.
"Thc amoun of capital and
surplus a bank had had little
effect on the amount Of re-
deposits given it, among the main
factors being its own and the
community"s financial need" he
said.
'Then as a result Of that policy
ove 100000 Of public money is
tied up in closed banks, Is it
not?" Mr.. Murphy questioned.
Johannson admitted this amount
was tied up in closed banks but de-
MED this was the result of the banks
policy.
Your statements a. to the condi-
ton OF the Bank of North Dakota are
based on the assumption that all
paper is worth its face value, are they
not?" Mr.. Murphy asked.
"They are" replied Johannson.
Earlier in his examination he had
testified hat practically all of the
profits shown by the Bank of North
Dakota in its statements were de-
rived from interest on state bonds and
public moneys, re-depQsited loaned
etc.
Mr. .Johannson was asked to pro.
duce for the hearing Tuesday copies
of a number of the records of the
Bank Of North Dakota including in.
formation regarding ~re-deposits il
Fargo and elsewhere. bills receivable
on December 3 the date of the audit
etc.
He was then excused.
E. G.. Lee. accountant for Bishop
Brissman and company. who .hat
charge. Of the audit. Of the Bank O
North Dakota and was also asked tt
prepare statements on a number O.
the items of the report, including re,
deposits of public funds in banks sine.
suspended, items out for collection
loans to state institutions. over
drafts. warrants out for collection
ofc
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-07

filed when Judge r. M. Funck an
nounced his candidacy.
With the exception of the filing of
Mrs. Marie L.. Marshall for commits
sioner. no opposing candidates for
nomination have filed.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-07
BIG STAYED.

Van Hook, Feb. 1.-THE big mort
gage sale involving ONE $4,000 on
the stock of the John Nichols ranch,
southwest of Van Hook, scheduled to
be held today, was stayed when the
Observation-Disclosures Bank of Van
Hook settled for Nichols. The mort
gage was held by a South st. Paul
firm. The quality Of the
herd is recognized as very high.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-07

- Robert Leslie CFAiGfe.
Robert Leslie Craigie is at present
charge d'afraires of the British en-
bassy in the. absence Of the ambas-
sador, Sir, Auckland Geddes. Geddes
has been called to England at the re-
quest Of his majesty King George to
confer with the prime minister inc
the cabinet. He will return late in
February. ..
Every evening, Wilmington daily commercial., 1921-10-27
THE FLAG ON THE RHINE.

Although the American troops now
occupying the Coblenz bridgehead will
begin coming home as soon as this
country and Germany finish with the
formalities incidental to the ratffica-
tlon Of the peace treaty between them,
report from Washington says that a
small garrison may remain to keep our
flag flying on the Rhine.
This should be done. II viii have
the approval Of all Americans who
know that our soldiers in Germany
compel the respect Of the Germans
and steady thes confidence of the
Allies, especially the French. They
testify that the United States continues
earnestly in accord with its associates
in the war. If they were withdrawn
and the flag hauled down from Ehren-
breitstein the Germans whose main
ambition is to circumvent and destroy
the Versailles Treaty would at once
redouble their efforts.
The good faith of Germany in carry
ing out her promises is still in grave
doubt. Military pressure still remains
the single effective medium in holding
the Germans TO their word. AS long
as this is true. il win be rwell to keep
the American flag flying on the Rhine
as a symbol of our sympathy with the
Allied cause and Of our resolve to per-
sist IN this sympathy until the Ger
mans have paid in full for their fear
ful orgy OF destruction and DEATH
Providence Journal.
Every evening, Wilmington daily commercial., 1921-10-27
GOVERNMENT BY BLOC.

Being something new in American
Legislative history, government by
bloc attracts attention. 1t merits
serious consideration. DO the con-
stituents Of Congressman wish them
TO vote as II they represented. not
states and districts and the people as
"a whole, but a particular, largely
localized INTEREST,"
If agriculture has it's bloc, labor i
entitled to a bloc; the railroads to a
bloc; the coal interests and the ship
ping interests to their separate blocs
II government by bloc is what the
American people want Of Congress
they might as well carry the idea out
to the full. There is no use fooling
with halfway measures. Our own
opinion is that bloc government is an
indcfensible invasion Of the peoples
right 70 control the legislative branch
Of government.
1t introduces an element in Iegisla-
tive procedure dangerous In its posi-.
bilities. 1t puts into the hands Of a
minority club with which IL may
compel the majority to do it's bidding
to prevent any piece OF needed Ieeis.
lation until something the bloc wants
done has been accomplished to dis.
tort relative values in law making and
render impossible the carrying out oi
any comprehensive. construction pro.
gram designed for the benefit of the
whole people.--Cleveland Plain Dealer
Every evening, Wilmington daily commercial., 1921-10-27
JUST FOLKS
IMITATION.
BY Edgar A. Guest.

It's good TO hear glad hello"
And get a smile from men you know
| like TO feel, in times of doubt,
That there are friendly men about,
And some who care. and some who'll
stay
To help me on my troubled way.
l know that oft my blood is stirred
To hear a kind and cheerful word.
It's good TO feel within your hand
A grip which makes you understand
Far more than words which leave the
lip.
The depth and warmth Of fellowship
know my heart has oft rejoiced
To hear a friendly greeting voiced,
And l have hummed a cheerful song
Because a friend has come along.
If others mean so much TO me,
What must l mean TO those l see?
II what they say and what they do !.
Has power to thrill me through and
through,
Then why should not, as / go,
Give every man a glad hello"
And try TO cheer his life the way
That mine is cheered from day to day;
Since friendliness makes me rejoice
To friendly words I'll lend my voice;
Since kindness warns the heart of me
y kindly man I'll try to be;
Since I prefer the man who gives
a portion of the life he lives
To others, shall also try
To be like him as time goes by.
Every evening, Wilmington daily commercial., 1921-10-27
TRADE is THE SOLUTION.

Discussing unemployment in Eng
land and the various relief efforts the
government Is making or considering,
Premier Lloyd George struck the iden-
teal note President Harding sounded
at Yorktown. The pressing need Of the
hour. whether the theme be peace or
industry, is one of good feeling
among the nations. as Lloyd George
expresses 1t. or, in the words of Mr..
Harding, understanding and cooper
alton"
The world problem today Is econom-
ie. People have got TO go 70 work.
They can't 20 TO work until they re-
sumo trading with one another. One
OF Lloyd Georges sentences Is illumi-
mating. Let US get out OF the atmos-
phere where. II you talk about a Ger
man without a frown on your brow.
you are no patriot" That sentiment
drew a real suggestion from Mr.. As
quith in the debate following the
Premier's speech. that the question
uf unemployment raised the necessity
for reconsideration OF the entire prob
lem of international indebtedness, IN
eluding the indebtedness Of the allies
to one another and the Indebtedness
of their late enemies TO the allies"
That this and kindred questions
should have been manfully attacked
long ago-as soon, indeed, as the war
was over--is only too patent now.
That was the task Of statesmen every
where. That was the work OF recon~
strucgion--to face the facts and 10
devise measurers and policies which
would meet tho facts.
staiesmanshlp failed everywhere. bat
nowhere was the failure more lgno-
minious than hers ia the United
States Here precious time was slnned
away for the purpose OF partisan polit-
/ ical gain. Our leaders took the posi-.
ton that Europe could sink or swim
/ il didn't concern us much which she
did. That sort Of hombast went well
enough with the country stlu Ia tho
feyerlsh prosperity OF war. but it docs
not so we'll now. We now realize that
We must trade with Europe II we
are going 70 have prosperity here.
With Lloyd George preaching good
viii 90 Germany aud with president
tlardlng thinking and talking inter
nationally there i ggoud for hope that
the nationa viii set together and viii
pool their resources 81 mind and peck
et for revival oi world trade and
/ the passing of world unemployment -
Sc. Louis Post Dispatch.
Every evening, Wilmington daily commercial., 1921-10-27
THE MIRROR OF
PUBLIC OPINION

| ly such goods as they believe 10 be
too highly priced. Under the Ameri-
can valuation scheme imported goods
would be raised in price several hum
dred per cent. and domestic prices
would follow. The proposal is to set
up tariff wall which would practical
~ prohibit trade with foreign nations
and thus make II impossible for other
nations to buy Of us. 1t would be hard
70 imagine a greater obstacle to the
return OF prosperity.
The theory Ia that our importers are
paying less IN dollars and cents than
formerly for foreign merchandise. But
this is not the case. Foreigners are
not giving away their goods. Many
articles cost in dollars more than they
did before the depreciation Of foreign
currencies. Goods that in 1914 cost
4.75 marks. or s1.14 when the mark
was worth "a cents, now cost 225
marks, or 1898 when the mark was
priced at Y cents. The assumption
has been that no more marks would
be charged when the mark was less
than | cent than was charged when
It was worth "a cents--an assumption
that is wholly without foundation
| Indianapolis News.
Every evening, Wilmington daily commercial., 1921-10-27
sACC0 AND yANzETTI.

Foreign Governments have found II
difficult enough TO comprehend those
distinctions between Federal and state
jurisdiction OF which the Sacco-Van
zctti case affords an unusually clear
example. Tho British and Canadian
Governments were pcrplexed by tho
affair of tho steamer Caroline In 1877
Al TO a degree that made war pos
sibility. New York State asserted Its
right TO try the British subject who
was accused of burning the Caroline
In New York waters; and Great
Britain demanded Of WASHINGTON that
he he released without trial. Happilv.
the New York jury ecquitted the de-
fendant before diplomacy had ex-
hausted its arts. When three Italian
subjects were lynched In New Orleans
in Harrison's. Administration, and
Elaine insisted that the Louisiana
courts alone had Jurisdiction. italy
was ready 10 rupture her relations
with us. Happily, again. Federal
indemnity was arranged without Of
fence 10 Bouislanas sovereignty. The
Japanese Government has. like most
Americans outside California. not al
ways understood the authority claimed
by California courts. II is not strange
that European labor has been Unable
60 see just why President Wilson and
tho Department of Justice cannot deal
with the alleged miscarriage OF right
i'm the Mooney affair. It is not ve.y
remarkable even that Anatole France
and Romain ROLAND should suggest
to President Harding that they Inn
patiently await his pardon of Saeco
and Vanzetti.
y OF course, though the appeal Of
Mcssrs. France and ROLAND goes to
President Harding, 1t win really be
read by the Massachusetts authorities.
The conviction of Sacco and Vanzetti
in the Superior Court at Dedham this
summer has been widely criticised as
based upon inadequate circumstantial
evidence. Several careful Bosom
| newspaper men who attended the trial
of these Italians for the murder of "a
shoe-faetory paymaster and his guard
have said they do not believe the
state made out its case. But the
judgement is not final. Arguments
are to begin next week before the
state Supreme Court for n new trial
and the high character Of the Massa
ohusetts bench and the fine traditions
of the Massachusetts courts offer as
surance that full justice will be done.
New York Evening Post.
Every evening, Wilmington daily commercial., 1921-10-27
STRIKERS PURPOSE.

Looking at the prospect merely
from their own standpoint the brother
hood men must take leap In the
dark to force return OF government
operation. They judge government
operation by wartime conditions when
they could get almost anything for
the asking. Those conditions would
not prevail in time OF peace. There
would be government wage fixing,
but IL could hardly be more favorable
to the employees than 1t is now
through the railroad labor Ynard. The
present board has not treated them
badly. They are represented on It.
The reduction 1T ordered last July
was not without justification in the
decline in the cost Of living. Under
future government operation. a strike
would be unquestionably against the
government and the employees could
not freely dictate wage schedules even
BY threatening to use their political
power, because the political power OF
the shippers of the country is also
great and the government could not
safely ignore them by raising rates
to meet excessive wage demands.
II must finally be said that gov
ernment ownership or operation pre-
sents a question of policy for the
american people to decide. No single
group that is a small min rity of the
whole has a right to use its strategic
position TO force by direct action
the immediate adoption oT such a
policy regardless OF the wishes Of the
majority. II such an issue is 10 be
lcrystalized by a strike, there can bs
no doubt how the people of the United
states viii react.--Springfiele Republi-
can
Every evening, Wilmington daily commercial., 1921-10-27
ENGLISH OPINION OF BRYAN.

From the letters of Walter II. Page.
the late American Ambassador TO
Landon IN the Worlds Work:
Mr.. Asquith and I get along mighty
well. He met Bryan once, and he told
me with a smile that he regarded him
as "a peculiar product of your
country" But the secretary is al
ways doing things like this. He dash
es OF letters OF introduction TO people
asking me 70 present them TO Mr..
Asquith. Mr.. Lloyd George, etc.
In the United States we know Mr..
Bryan. We know his good points. his
good services. his good intentions. We
not only tolerate him; we Ike him.
But when he comes here as ethe
American Prime Minister"-good-b by.
Johnl All that we've tried 70 do to
gain respect for our government Gas
they respect our great nationl win
disappear in one day.
Every evening, Wilmington daily commercial., 1921-10-27

Mr.. Harding Is the first Republican
President 10 have the nerve and the
manliness 70 admit that there can be
no social equality between two races
as different as the white and the black
races. OF course he states no new
'ruth--every schoolboy south Of our
Mason-Dixon's line. every man and
woman who has ever lived in centres
where the Negro is populous. knows
that social equality is an impossible
ny. But for years it has been the
standby Of the Republican party. No
President before Mr.. Harding has been
brave enough 70 denounce the cads In
his party and to proclaim pure truth
as demonstrated by fact and expert
snoe. Theodore Roosevelt even swung
The other way and by his formal re-
ception of Booker 7. Washington as
a luncheon guest at the White House
did more harm 10 the Negro himself
than any single act could have done.
We shah have less economic troubles
and fewer disgraceful race riots when
an % the members Of the Republi-
can party see the light as Warren
@. hardins sees Il at this late day.
There would have been little IL any
race problems II his Republican pre-
decsssors had been brave enough 10
STATE tho truth, and 10 face the issues.
hui they wore too anxious 10 cater 10
the Negro's vote. 20 permitted their
henohmen % disseminate lies which
did tremendous amount Of harm.
Warren q. Harding is 20 be con-
sfaiuiaied upon having tho manhood
70 d. what no leader In HIS party has
ever done before. Now the weak .
hheed brethren in hls party may take
heart and help our President 20 bring
che Country % common under
siandinE - common problem which
Deeds nothing but common sense 10
solve a. Cleveland was wrong
there iH q solution 10 the race prob.
ism. and o Dies In education. manual
NJ intollectual, which win NJ each
h'ach man % compete on terms o.
nconpmle justice with white men in
makins livelihood. There Is no
such thins as social equality among
white men, even, 70 IL ls foolish for
demnsoeuss longer 20 preach social
equality between the races. Warren O.
Harding az last admits that--and what
10 more, Nj. Harding shows that be
has outsfo~n his provincial political
paniaioonH which he woro In Ohio
lic 10 taking a world view Of world