davidaulloa/AmericanStories huggingface dataset:
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

Mr.. Johnny Lentz has a 63-acre
farm near Salem school house in
No. / district that shows signs of
some excellent work during the
short time he has resided on it.
More than Is acres of new ground
has been cleared and every gully
and red place in the old fields
brushed. His next steps will be to
terrace the hills, seed his fresh land
to grass and clover, and eventually
make grazing lands rather than cul-
tivate his hill sides.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

Mr.. Neal Ward, farmer operat-
ing an attractive farm in the west
end of the 18th district, is one Of
Weakley county's Poland China hog
breeders. His herd of hogs is headed
by a. grand son Of Black Prince, a
grand champion winner and bought
from Indiana. Mr. Ward practices
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

The question Of how late to set
tobacco and sweet potatoes is now
conformity many. While all like to
finish the job by June 18th, still
many cases are on record where good
tobacco and potatoes have been made
from setting made July 4th. This
win give us this week and next to
finish the job.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

TRAY-We are authorized to an
nounce Mrs. Lillian Gray Of
the Third district a candidate for
Register of Weakley county, sub
ject to the action Of the Demo-
cratic party.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

Jim Etheridge, the other Poland
China enthusiast of north Weakley
county has one of the largest male
hogs to be found. His two cO-wOrk-
ers, Gaylon and Lorene, each have
a Poland China pig in the club this
year which are making satisfactory
gains. Jimmie Harwood's acre Of
corn is among the best to be seen.
Gaylon's club acre will stand in
spection.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

3LUDWORTH-We are authorized
to announce Rufus Bludworth
of Martin a candidate for the
democratic nomination for Regis
ter of Weakley county, subject
to the action of the Democratic
party.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

SWINNEY.-We are authorized to
announce Mr.. C. L. Swinney of
Greenfield a candidate for Regis
ter of Weakley county, subject
to the action of the Democratic
primary.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01
ANNOUNCEMENTS
FOR REGISTER

FREEMAN-We are authorized to
announce Mr.. R. B. Freeman a
candidate for reelection to a
second term as Register of
Weakley county, subject to the
action of the Democratic party.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

LaFON-We are authorized to an
announce Mr.. Walter LaFon Of
the Fifth district, a candidate
for the Democratic nomination
for County Court Clerk, subject
to the action of the Democratic
party.
MANESS-We are authorized to an
nounce Mr.. ]. B. Maness of the
18th district a candidate for
County Court Clerk of Weakley
county, subject to the action Of
democratic party.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

Advice is given by the successful
potato growers to continue a discing
Of the land each week till planting
tina Some plant the last week in
June and others prefer to plant
July 10th. The late planting is at
tackled less by bugs.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

Voris Wilson, corn club boy, in
the east end of the 18th district has
his club work well in hand. He has
his acre located on the road side and
in the corner of Is acre field.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01
Alexander & Brasfield

Perry Kimble of the 25th district
has very attractive corn club acre
on up land. 1t is almost waist high
and nicely worked. Lloyd Winstead
has his acre growing under the same
conditions as last year and from APP
pearance it has not lacked for work.
Father Doran has eight acres Of
sweet potatoes set as club project.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

B. w. Westbrooks who is -operat-
ing a farm near Austin Springs has
plans set to plant out a good acre
age Of black locust next spring. His
plans are also made to put out an
acre in fruit trees.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

Haynes Killebrew and his CO.
workers were setting tobacco and
watering same for several days dur
ing the week. The plants set some
weeks ago are growing nicely.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

W. F. Taylor, Of the Ruthville
community has an acre of land that
had five discings and borrowings
which he plans to plant in late Irish
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

RYAN-We are authorized to an
nounce J. B. (Beckhom) Ryan
of Martin, a candidate for Coun-
ty Court Clerk of Weakley coun-
ty, subject to the action Of the
Democratic party.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

Friday July 9th has been set as
Weakley County Day at the Jackson
Experiment station. Arrangements
are being made to run a special
train from Dresden with reduced
rates. All farmers and boys are in
vited to attend.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

Archie Turberville, of the 25th
district, was preparing to plant his
club acre this week. He had been
delayed in this planting due to
other work pressing. Bud Straw.
bridge who is fifth year corn club
member has an acre of corn in keep.
ing with those of past years.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

DUNN-We are authorized to an
nounce Mr.. R. H. (Bob) Dunn
of the 23rd district candidate
for County Court Clerk of Weak
ley County, subject to the action
of the Democratic party.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

potatoes. His tine for planting is
the last week in June. His past ex-
perience in successful growing is
frequent and early preparations
counts the greatest. Mrs. Taylor is
breeder of the barred rock chick
en-. To the choice birds that consti-
tutes her regular flock, she makes
it yearly practice to order one set
ting of eggs from the original
Thompson farm, paying $4,000 for
same.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

The farmers in the oath and 9th
districts were busy cultivating corn
and reworzing potato land on Tues
day. Mamie Tuck and Raymond
Radford thinned their club acres on
that day. Ted King has an acre of
corn that is showing good results
from the use of fertilizers.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01
COUNTY COURT CLERK

JETER-We are authorized ia an
nounce Jerry P. Jeter Of Dres-
den a candidate for the Demo-
cratic nomination for County
Court Clerk Of Weakley county,
subject to the action of the
Democratic party.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

CUNNINGHAM-We are authorized
to announce Esq. G. 7. Cunning
ham, of the 18th district, can
didate for County Court Clerk,
subject to the action of the
Democratic primary, Sept. II.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

Cleveland Holiday finished cut
ting 40 acres of wheat during the
past week. His farm has also about
as large wheat acreage as is usual
ly found on a Weakley county farm.
This farmer is interested in co-ope-
rating with his neighbOrs in forming
a lime and alfalfa club. Between
this and July 18th a meeting will be
held in his community to form this
club. Land to be seeded in alfalfa
should be elected at once and plow-
ed deep by July 18th. Following
this the lime should be added and
frequent discings given the land
till September 1st-seeding time.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

Jessie Stephenson of No. 1 dis
trict is doing his second year tractor
farming this season. He prepared
and planted so acres of corn which
is being cultivated with riding cult
vatOrs.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

MALOAN-We are authorized to an
nounce Will Maloan, of Dresden,
a candidate for the democratic
nomination for County Court
Clerk of Weakley county, subject
to the action of the democratic
primary Sept. IT, 1921.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

The Chestnut Glade Corn Club
and Pig Club members met the
county agent at Minnard Nannie's
club acre on Wednesday. The men,
bers present were Aaron Butts, Cecil
Potts, Finley Hagler, Paul Butts,
Maynard Reed, Minard Mamie, Gay
lon Etheridge, Bonnie Cummings,
Jimmie HARDWOOD, D. ]. Jones, Har-
Gordon Taylor, Louis Williams,
Vasco Simpson, Billie Wilson,, Feltz
Rawls, and Malcolm Johns. Paul
Butts was elected president and
Louis Williams, secretary. The next
meeting at Bonnie Cummings.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

W. H. Finch, a farmer in the up
per end of the 18th district, proba-
bly, keeps as large a per cent of his
farm lands seeded down as is gener-
ally found. Of his 1876 acre farm
less than so acres in plowed. Hav-
ing ITO acres in grass and pasture,
5 acres in black locust, 2 acres in
alfalfa, and 25 acres in timber. He
and his co-workers have 8 acres to-
bacco set and acre of Spanish
peanuts besides the corn and bean
crop. Mr.. Finch is a deep student
in agriculture, making a careful
study of each operation and keeping
close cost record. Mrs. Finch is
a ready co-worker on the farm, hav-
ing control over an acre garden and
a large flock of purebred poultry
that brings in nice income.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

Air Tight Tins Of so
Aak your dealer to show
you the new vacGum-
sealed tins of so Chester
fields. A compact, con-
Veniene and absolutely
AIR TIGHT packing
tho cigarettes keep fresh
indefinitely.
Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1921-07-01

open your Chesterfield package
" at the top only. Don't tear of
that glassine wrapper. It's put there
to keep those wonderful tobaccos
always firm and fresh, in exactly the
right condition for smoking. Another
reason why Chesterfelda always
satisfy.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-12-01
MODIFY STATE rule.
] is BUREAUS PLEA
noodition Of Finances Proves
Need Of Simplification OF
! Laws, Statement Says
WOULD SLASH EXPENSES

MILO rrcscnt condition of the state
,ccs l"c was cited today ty the burcau
fneu,Hi eMuuniripal Research rs one proof o. =
q Mu% Miuu,%neraiivc need f>simnliiicatioh OF
tpe tpe statc State Government. 80, ,u.,,.
ths RI" o," bureau. in It's weekly bulletin
,.,.nbcd ahC on the consolidation OF depart,
StS toucns", ,,Ircams ~, and commissions effected
nlc.SS, n .sCyerol states. The burcnu contin-
ued: -, T., ,couoi,tcd with the
,.,uOrdous State Capitol and its an
trSlOsIi" Os IN harrisburg. its offices and out
neS,s noSto throughout the state. thc MYRIAD
rstSS .S,nSs no, II undertakes and the multi
Of OIL ,"' of rcoplc on its payroll. can be
..,un.ort1ir .uue about the need for pruning
unJe' unJ simplifying. NO ono at all OBJ
inront anu S'," of The finances of the State can
~ a',%%S s',wrcSrtdin about the need of doing the
Up,njur Vr %Ir and simplifying immediately,
"Jt Is fortunate that the last rgis-
,,,,rc authorized commission two
,r Sorators, two Representatives and thr'e
sI,i,cns 't%"s If .hc Stntc) TO look into the
,.osSbiItics for reorganization and re-
pOt po.t IN ths next Legislature. An-
ppOunccmcnt porr has been made by tho Gov
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-12-01

ernor Of the appointment Of the seven
members Of the commission.
Rcorganizations whicl, Have Paid
They will have the advantage of
knowing the experiences, both favora.
ble and unfavorablc, of Cthrr States.
many Of them worse of than pennsyl-
vnnia, since our Commonwealth made
her last direct official efficiency effort.
They will have before them the example
and inspiration cf Illinois. where the
Governor responsible for the rcorgani-
zntion program almost won the nrcsi.
dental nomination on the strength of
is record. They will have the example
IND inspiration of Nebraska. where
there are practically no more deficiency
appropriations.
"1nstcld. the Governor has bccn able
TO insist that each Of his department
heads Hcs aside 10 per cent of each an
rual appropriation rs n reserve. which
hu may draw on If compelled to. but
which ne Is cxpcctcd'to tnrn back to the
Treasury at the end of the fiscal period
or show cause why he had TO spend it.
Keep Your Eyes Open
9Th" hopes and good wishes of citi-
zens and taxpayers should be with the
new commission, to ,lo good job and
dc 1t thoroughly. AS was lone in III
nois, the findings Of the investigators
and the commissions tentative plans
for consolidation should be thrcshed
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-12-01

cut effectively in public hearings. Then
watcbful eye should be kept on the
Legislature 10 see that rccommenda-
tons Of the commission are not rejected
or allowed to go by default.
"It is unfortunate that the commis-
sion could not have begun work earlier,
so that its report could surely be In
form before the 1922 primaries and be
made an issue in the choice of members
Of the next Legislature"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-12-01
LIVELY IN DEATH HOUSE
Slayer Of Matilda Russo Now Safe in
Trenton

Louis Lively, Negro slayer of severn
year old Matilda Russo. Of Moores-
town. \. j.. who was convicted of first.
degree murder yesterday Mt Mount Holly
courthouse and sentenced to death in
the electric chair. spent last night in
the death house Of the state Prison at
Trenton.
Immediately following the pro-
nouncing Of the sentence Lively wos
hustled into waiting automobile and
driven to Trenton in charge OF Sheriff
Flagg and keeper from the Trenton
prison.
Lively is to die the week of January
lG. 1922. The case against his wife
Marie. who was indicted with him,
was dropped and she was released.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-12-01
DOG cATcHER,s AIM POOR
Swings Net at Hound and FsIIs Pc
destrisn

A West Philadelphia dog catcher 8
wild pursuit of an escaping hound
proved disastrous last night to j. G..
Gougham. T.. X. Il. motorman, who
was on his way from work.
The dog cludcd his pursucr and took
refuge between Gougham's legs, as he
was entering his house. near Paxson
street and Wyalusing avenue. The dog
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-12-01
Bishop opens MIsslon

Bishop Rhinelander opened the an
nual Diocesan Teaching Mission last
evening in the Pre- Cathedral Of st.
Mary, Broad and South streets The
Bishop will be in charge tonight and
tomorrow evening.
Next Monday night the Rev. DIR.
Bernard Iddings Bell, president Of st.
Christian Religion in the Language of
Today" The mission will continue
ten days.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-12-01
srownIno Society TO Meet

Washington Van Dusen will speak
of the "Optimism of Browning" ot
meeting Of the Browning Society TO-
tupy Club. There will be readings by
Mrs. Lewis II. Dick, Mary Brevard
Roberts and Mrs. Charles Broderscn.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-12-01

catcher made n wide swing with his
net and Knocked Gougham down, cut
ting his legs with the wire edge OF the
net Gougham was treated at Che west
Philadelphia Homeopathic Hospital.
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-05-20

fohn aH of NnfrAe te M Gtaei
Tasaref q lhe cmnd Encampasss.
~ Mamfta TEE pee 81 lhe
Gmnf hswed uet gam Of
A a a#m n ana taf ntRat ~
the GaNd fFsa sFsf haee8 ~ g.
ef hnaF n anf rnn8 81.
the an 1881 ma tn-
fHnH E Fanfr apea
" tla 81 ear a
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-05-20

f septic Hw g'# aEs8lf8 @0vr
l6H 81 faf f6f SER u the we'ing
ausfef Hw m aa Nama y eieh
ef ha .th Nae an Ma Amafes
af fhs ~ea,h fhaol are fkf aaHnefs
1854 m nNt NHotan af the
naansF go af Sd Ia nhuN
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-05-20

Nhaf Eataa 10 sseaast o. sd h.
agv that haze ast haea rtr lr
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-05-20

Az Mar has covered thaf IS
emun heath Haas san3 e1aps
err
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-05-20
FRIDAY NAY 20 iasi
KnfroRIAI

hHf ssnaaf help aes
raast uere of einAh tn Wesk
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Financial Items

Percy II. Johnston. president of the
Chemical National Bank. as elected a
director OF the Westchester Fire Insurance
Company. AT their annual meeting.
Bank have presented testimonial TO
Frederic w. Stevens. in honor of his fifty
years OF continuous service.
The Columbia Trust Company has been
designated depositary under bondhoid-
ers' protective agreement providing for
the deposit OF general consolidated 5 per
cent gold bonds of the Atlantic Avenue
Railroad Company. :
The Guaranty Trust Company OF New
YORK has been appointed trustee under
the National Railway Service Corporation
equipment trust agreement. first series
conditional sale basis. dated November l.
1920 securing an authorized issue OF not
to exceed $40. 100000 par value National
Railway Service Corporation equipment
trust certificates
A. Edward Ellis. recently elected mem
Ger OF the New York Stock Exchange
has become associated with the firm of
george A Eyer. graduate Of Columb ia
University In 1901. and Mr. Ellis, a 1902
Harvard graduate.
J. s. Bache & Co. and Tripp g. Andrews
ara offering scz7.oo city OF Goldsboro.
~ C.. per cent street improvement
oonds to yield SIS per cent.
H. st. John Harvey has been elected
treasurer OF the financial advertising
agency OF Rudolph Guenther-R Russell Law,
wsitsr W; Taylor. formerly with Hail.
formerly with Mackey 4 Abbes. announce
the formation Of Taylor Abbes & Co. Inc
with Offices 81 20 Wall Street. 10 deaf In
Investment securities
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
International Credit
Scheme Is Outlined
Proposes Organization Through
Which impoverished Nations
Nav Finance Imports

The international credits scheme
recommended for adoption to the
League Of Nations by the Provisional
Economic and Financial Committee of
the Council of the league has been OBJ
tanned by the foreign information de-
partment of the Bankers Trust Com
pany and outlined by that institution.
"The scheme" states Fred I. Kent,
vice-president, proposes the formation
Of and international organization
through which impoverished nations
may, under adequate guarantees to the
lenders, secure funds for the financing
of their essential imports. 1t contem-
plates the appointment by the League
of Nations of an international COM
mission of bankers and business men
to pass upon the gold value of assets
to be assigned by these countries.
Bonds would be issued by the vari-
Gus governments up to the gold value
of their assigned assets as dete rmined
by the commission and secured by the
revenue derived from these assets.
Proceeds OF the bonds, according TO
this plan, would be used to finance i'm
ports particularly essential to restor-
ing the export trade Of these needy
countries.
administration of assigned assets
for the purpose of revenue production
would be safeguarded against possible
default and loss to bondholders."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Borrowing to Buy Bonds

suestion--During tho last four or five
years I purchased number of bonds.
which are paying from per cent to per
cent Interest. wish to invest further,
but have not the funds at present l am
able, however. to borrow about $4,000 at 5
per cent. VIII you kindly mention five or
SIX bonds that would bring from : to per
cent on the purchase price. as It would
hardly be worth while to make the trans
action for less than that? do not want
to buy any that are speculative.--A. j. 4.
Answer-The following bonds yield
between per cent and s per cent, all
are entitled to very fair ratings, in our
opinion; Brooklyn Edison, Z per cent,
January 1, 1910, yield 7.30 per cent;
Cleveland, Cincinnati, Chicago & St.
Louis, per cent, July 1, 1929, yield
1886 per cent; Diamond Match, i "a per
cent, November /, 1886, yield TAO per
cent; Heinz Co., per cent, December,
1880, yield 1855 per cent; Morris &
Co., TX per cent, September, 1880,
yield ITO per cent; Northwestern Bell
Telephone Z per cent, February, 1871,
when issued, yield 1925 per cent. Are
you sure you can borrow money at S
per cent, net, or would you have to
keep balance which would increase
the cost to over per cent?
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16

Question: have about Sss.sco Co inYest
ana want to earn about per cent Is It
a.er,olutely siit edge securities to bring this
ties which are safe beyond the slight est
SHADOW Of doubt. both as to principal
certificates which yield per cent. but
afford to take a chance co.. What do you ad-
yls ard me ,t to buy in order to mako per cent
still have tho Same safety "a. u.
Answer-Absolutel gilt edge securi-
ties do not yield per cent. If they
did they would not be selling on such
q basis, as the Irishman might put it.
Notes Of very fair grade may be pur-
chased to yield close to this figure.
But such securities are not as a rule
secured by mortgage. They conform,
more or less, to the condition Of the
money market. We give you y few
such securities, although you must
understand that they are not to be
compared to those Of the United States
governments: Aluminium Company Of
America per cent notes due March /,
1922, yield $50 per cent; Armour 8
60. 8 per cent notes due June 15, 1923.
yield 7.8O per cent; Brooklyn Edison 7
per cent bonds. January, 1890, yield
1875 per cent; Diamond Match 7l5 per
cent notes, November, 1886, yield 7.40
per cent; Morris & Co, ia per cent
notes, September, 1880, yield 40 per
cent; Northwestern Bell Telephone z
per cent, 1941, yield 1875 per cent;
Sloss-Sheffield Steel and Iron 6 per
cent notes, August, 1929, yield SIG per
cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Reserve District
Banks BORROWINGS
Here Are Reduced
Decline i'm Indebtedness of
Members at Time Money
Rates Easy Features Re-
port; Ratio Is Advanced

Member banks in the Federal Re-
serve District Of New York reduced
their borrowings at the central insti-
tuition by approximately 100000
last week, according to the statement
of the Federal Reserve Bank of New
York issued yesterday showing its con-
dition at the close of business Friday.
The fact that the banks were able to
retire such large amount Of their
Indebtedness at the Reserve Bank and
ct the same time maintain fairly easy
conditions in the local money market
aroused much interest in financial
circles. Call money loaned in Wall
Street last week at per cent, the low
est rate in more than year.
The local Reserve bank lost approx
mately 100000 in holdings of gold
during the week, but large reduction
in member bank borrowings made it
possible for the institution to increase
its total ratio of reserves to deposit
and Federal Reserve note liabilities
combined from SO to 4O6 per cent. The
ratio of reserves to net deposits after
deducting 40 per cent gold reserves
against Federal Reserve notes in circu-
lation increased from 37.7 to 41.5 per
cent
Heavy withdrawals for United States
Treasury account, amounting to $40,-
100000 in the aggregate, were respon-
sble in large part for the less favora-
BILE reserve position disclosed by the
weekly statement of the New York
Clearing House banks, which reported
that reserves fell $2,O72,390 short of
legal requirements, whereas the week
before surplus of approximately $13,-
100000 was revealed. SO long as the
100000 was carried in the banks
to the credit of the government it re-
quired no reserve. But on it's with
drawal and subsequent conversion into
private deposits it required the setting
aside of the legal reserves.