davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-02-04
PHILADELPHIA PRODUCE.

PHILADELPHIA, Feb. 3.-Live
Poultry-There was a good outlet
for the limited receipts of really
fancy stock and the market ruled
firm and again slightly higher. We
quote: Fowls, fancy, 37a3Sc; medi
um. 35a36c; inferior, 33a34c; white
Leghorn fowls, 33a35C. Chickens,
fancy broiIers, weighing 1Ika2 lbs
apiece, 4Oa45c. Young roosters, fam,
cy. soft-meated. 35a36c. Young
roosters. shaggy, 27a29c. Old roost
ers, 24a25c. Turkeys, fancy, 45a52c;
ordinary, 35a43c. Ducks, white Pc
kins, 43a45c; mixed colors, 40a42c;
Muscoty, 2Sa3Oc. Geese, 2Sa32c.
Pigeons, per pair, 55a6Oc.
Dressed Poultry - Demand was
fairly active and the market ruled
firm with supplies of choice stock
well cleaned up. We quote: Fowls,
fresh killed, dry picked, in boxes,
weighing as lbs and over apiece,
4Oc; weighing 4 lbs, 39c; weighing
3A lbs, 35a36c; weighing lbs, goa
33c. Fowls, fresh killed, in barrels
dry picked. weighing 4a5 lbs apiece,
dry packed. 39C; weighing 312 lbs,
31a34c; weighing 3 lbs and under,
3Oa32C. Roasting chickens, Western,
dry pack ked, in boxes. weighing Z
as lbs and over apiece, 39a40C;
weighing lbs, 37a3SC. Roasting
chickens, Western, dry-paCked, in
barrels, weighing 4a5 lbs and over
apiece. 36a4Oc. Fryers, Western, dry
packed weighing 3a3l2 lbs apiece,
33a35c. Boilers, Western, dry pick
ed, weighing 11aa2 lbs apiece, 43a
45c. Broilers, nearby, weighing Y
az lbs apiece, 46a4Sc. Roasting
chickens. nearby, weighing 4a5 lbs
and over apiece, 39a40C Fryers,
nearby, weighing 3a31 Z lbs apiece,
34a36c. Turkeys, spring, fancy,
Virginia and West Virginia, 61a62C;
Western, dry packed, SOC: old toms,
55a56C: fair to good. 45a5Oc. Old
roosters. dry picked. 29c. Ducks,
Western, fancy, 37a4Oc. Geese.
Western. 3Oa32c. Guineas, per pair,
spring. sla1.25: old 75aS5C.
Butter-Receipts, 955 tubs. The
market continued weak. owing to
the indifference of buyers and gen
eral pressure to sell, and prices fur
ther declined &c on solid packed
creamery and l. on prints. We
quote: Fresh. solid packed cream
cry, fancy, high-scoring goods, 491a
do = u lllt ldNltI AOI JODDtIS SdltS'
extra. 4S1zc: extra. frsts. 461a a
47l2c: firsts. 4Oa45C; seconds, 3Oa38c;
sweet creamery, choice to fancy.
5O1a aa5212c: fair to good. 39l2 a49 l2C;
ladle packed, as to quality. 25a2SC;
packing stock. 15a22c. Fancy brands
of nearby prints were jobbing at
5Sa6Oc; good to choice, 48a57c; fair.
45a47C.
Eggs-Receipts, 3.125 cases. Of
ferings of desirable fresh eggs were
light and the market advanced &c
per dozen under a good demand.
We quote: Nearby firsts, 63c per
doz; current receipts. SIC per doz;
Western extra frsts. 63c; first, SIC;
inferior lots lower; Southern firsts,
6Oa6lC; fancy, carefully selected
candled eggs were jobbing at 75a76c,
and fair to choice at 67a74C
The Washington herald., 1921-02-04
US. Failures Show Sharp Gain
During Opening Month of Year;
Liabilities Less Than December

As was not unexpected, with the
continued readjustments in bust
ness, the opening month Of the new
year brought a further sharp in
crease in number of failures in the
United states. though the liabilities
are considerably smaller than those
of December. Thus, the 1895 com
mercial defaults reported to r. u.
Dun & Co. in January show an in
crease of $40. or 24.3 per cent, over
the 1895 insolvenCies of the Imme-
diately preceding month, whereas
the Indebtedness of S52,136,63l is
S6,735,00O or ia per cent, below
the unprecedented monthly total Of
S5S.S7l,5 ,539 of December. 1920. Com
pairing with the returns of January,
last year, allowance must be made
Tor the fact that the failures then
were abnormally moderate, the 56S
defaults of that month being the
smallest on record for the period,
and the liabilities of $7.24O.o32 also
being less than in January OF all
years in more than a quarter OF a
century. The January insolven-
Cies of the present year are the
largest in number OF any month
since January OF 1916, when the
number was zoos. and the indebted
ness is the heaviest, excepting that
of December, 1920, of all months
back to June. 1914. when the amount
approximated $57.9OO,O00. The liza
buities involved by last months de-
faults, moreover, exceed those OF
any previous January. but the num-
ber is smaller than in January OF
the years 1918. 1912, 1908. and lSs4,
as well as 1915. OF the January
failures, So were or 100000 or more
in each case, amounting to S24.S5S,-
1875 all together, these large defaults
The Washington herald., 1921-02-04
BALTIMORE GRAIN.

BALTIMORE, Feb. 3.--FIOur-Re-
ceipts. 21,434 bbls, including 6,76S
barrels for export. Flour, barrels.
in 9S-pound sacks. carload lots:
Winter patent &900a925; winter
straight. S7.75aS.OO: spring patent,
$9.25as.50; spring straight. SS.25a
SIS; hard winter patent, $9.25a9.5O;
hard winter straight. SS.25aS.5O; rye
-four. medium to white. $7.5OaS.5O:
corn meal, 100 lbs, $2.5Oa2.75. City
mills. 9S-lb sacks, winter patent
SlO.5O; winter straight. $1O.23;
blended patent, sll; spring patent,
$11.OO.
Wheat-Market on a materially
lower level and weak in the morn
ing, and while prices were more or
less nominal during that period in
absence of trading at midday No =
red winter spot was quoted nomi-
nally at S1.79 and No. red garlicky
spot at 81 6S.
Sales included 5000 bus No 2 red
winter garlicky, spot, s1.6S$4 10.0OO
GUS No. red winter garlicky, spot.
S1.69iz; 1900 bus February, $l.6Si.
1000 bus February, s1.6S2i: 5000
bus March. s1.73; 5000 bus March.
S1.71%; 5000 bus May, SIG; 5000
bus May, s1.74%.
Closing prices: No. , red winter,
spot. $1.75A; No. red winter gar
IiCky, spot. $1.6Sal.6Slk: February,
s1.6Sa1.6Ss; March. s1.7O; May.
S1.7212 asked.
COrn-COb corn: Car lots prime
nearby yellow on spot QUotable at
S3.90a4.OO bbl. The quotations were
slightly easier in the forenoon and
per bus.
February. 73%c; March, 73%,c. Cob
corn eased off and was quoted at
$500 per Dbl at the close.
Oats - Midday quotations were
lower than yesterdays closing at
47c for No. 2 white and ACC for No.
3 white. A car Of No. 3 white oats
sold at 46c per bus.
At the close No. 2 white oats were
offered at 47kc and No. white
oats were quoted at Acc fiat.
Rye-Rye weakened in the first
hour and the decline was enlarged
in the second hour. Around midday
No. Western spot was worth about
Sl.62 per bus.
Sales of No. Western spot rye
included 1000 bus at S164, 10000
bus at S161. one car at S16S.
No. 2 western spot rye closed at
1851.
Hay-Standard timothy, $26.0ua
$3.50: No. . timothy, $25.OOa25.5O:
No. timothy, $2O.O0a23. 90; No. !
light clover mixed, S24.OOa24.5O: No
light clover mixed, $22.OOa22.5O;
No. l clover mixed, S23. OOa23.5O: No.
clover mixed. s19.00a22.OO; No. l
clover, $25.O0a26.0O; No. 2 clover,
19.OOa22.00; sample hay, s15.OOa
1000
The Washington herald., 1921-02-04
W. .B.&A. WINSSTEP
TOWARD MERGER
Given Corporate Name of
Short Line in Court
Action.

ANNAPOLIS. Md. Feb. 3-PIans
or the Washington. baltimore and
annapolis Electric Railways for
the eventual absorption of the
Maryl land electric RAILWAYS (An-
napolis and Baltimore Short Line)
made decided progress here TODAY
when Judge Robert Moss. in the
Arundel County Circuit Court,
signed a petition in behalf of the
electric line, whereby this road will
take over and use the corporate
name of the Annapolis and Chesa-
peakc Railroad" a spur branch of
the Short Line. to consummate the
merger of the Short Line interests
the petition. 1t includes provisions
for increasing the capital stock of
this road to S1.O00,OOO the financial
interests behind the project. of
course being the hackers of the
electric line"
This move is said to be part
of the program to ask the next ses-
sion of the Legislature for an act to
change the corporate name Of the
Annapolis and Baltimore Short
Line" and to perfect all details of
the pending merger.
The spur" road Is no more than
a mile in length. II runs into the
government Naval Reservation here
Owned by the. Short Line interests.
ii was built about a score of years
ago, solely for furnishing a more
convenient means of transportation
for materials used in constructing
the group of buildings of the new
Naval Academy.
Additional plans of tho w. B.
& 4. include also continued oper-
alton of tho Short Line over the
present road to a point some dis
tanCc this side of Shipley Station,
and thence into Baltimore City over
the double track system of the
W. B. & A. This would avoid the
dangerous railroad crossing, where
few days ago, two children were
killed.
1t is also understood that the
rest of the Short Line tracks from
Shipley into Baltimore will later
be purchased by the Baltimore and
Ohio Railroad, for greater facilities
reaching into Camdeh Station, the
terminus of the Short Lines.
The Washington herald., 1921-02-04
NEW YORK PRODUCE.

NEW YORK, Feb. 3.-Butter-Un-
settled; receipts, 10,s2S tubs. Cream
cry, higher than extras, 461z a47c;
creamery extras (s2-score), Acc;
creamery frsts (SS to 81 score), Ala
45c; packing stocks, current make
No. 2. 24c.
Eggs-Irregular, receipts, 22,e9H
cases. Fresh gathered extra firsts,
5Sc: fresh frsts, 55a57c;
State, Pennsylvania and nearby
Western hennery whites, first to
extras, 57a61c' do, browns, extras,
SOC: do, gathered browns and mixed
colors, -flrsts to extras, 56a59c; re-
frigerators, 4sa56c.
Cheese-Irregular; receipts, 1855
boxes. State, whole-milk fats, held
specials, 26a2sc; do, average run,
24a25 hc; State. whole-milk fats,
fresh specials, 235za25c; do. average
run. 22a23 &c.
Poultry-Dressed. steady; West
ern chickens, boxes, 32a5Sc; do, bar
rels, 31a42c. Live, Irregular; chick
ems, 3oa33c; fowls, 31a32c.
The Washington herald., 1921-02-04
U.S.. SHOULD GET
PART OF GERMAN
GOLD, SAYS WALSH
Senator Favors Applying
Share of Indemnity to
U. S. Debt.
SUGGESTS INQUIRY
Claims u. S. Loans Make This
Country Vital Factor
In Pact.
SUGGESTS INQUIRY
BY RALPH II. TURNER.

The United States should share in
the German indemnity, to the ex-
tent Of receiving payment on Ameri-
can loans to the allies, Senator
David I. Walsh, Mass. declared
yesterday.
IF the allies can. agree with Ger
many" Walsh said, for the collec-
ton Of the s56,OOO, 100000 repara-
tions bill-or any other sum-let
them arrange Immediately to pro-
rate a certain part of the receipts
for payment to the United States.
As these payments were made, they
should be credited to the allied ma
tions owing money to this country.
I'm not prepared to say whether
the present demands on Germany
can be fulfilled, but whenever an
agreement Is reached, the allies
should consider their debts to the
United States when they begin to
collect. 1t is possible they can offer
some form of security or system of
payment. that has not yet been sug-
gested, but thus far no proposal for
reducing the allied debts has been
forthcoming"
Two Resolutions.
Walsh is the author of two res
olutions, reported favorably by the
Senate Foreign Relations Commit
tee, one demanding that the. State
and Treasury departments supply
complete information concerning
negotiations with the allies on in
he
Of the allied debt; the other pro-
hibiting the Secretary of the Treas
Ury from agreeing with foreign
governments on the time and
method of payment without the con-
sent of Congress.
The allies. Walsh charged. are
seeking to maintain the scene of
the debt negotiations in Europe. in
stead OF allowing them to proceed
in the United States, where the
money is owed. He attached sig
nfiCance to the fact that the Brit
ish financial representative had de
ferred his trip to this country when
Sir Auckland Geddes. British AM
bassadOr, went to London and state
that an American financial agent
representing the Treasury Depart
ment. also was in London.
Wants Facts known.
1T is time to lift the secrecy that
surrounds our foreign loans" Walsh
said. There is an impression abroad
hat this financial item is not for
publication. The country as a whole
and Congress in particular are in the
dark as to the plans OF the SeCre-
tary of the Treasury for the disposi-
tiOn Of this enormous amount OF in
debtedness-s9.5O soc. 100000.
If an agreement between the
United States and the allies is made
now. Walsh asserted. without the
knowledge of Congress or the in
coming administration. SERIOUS diff
culties" might arise to hinder the
formation of Americas future for
eign policy.
The Washington herald., 1921-02-04
BALTIMORE PRODUCE.

BALTIMORE, Feb. 3. - Butter
Creamery. fancy, ID. 5Oa51c; choice,
4Sa49c; good. 46a47c; prints. 5Oa52c;
blocks, 49a5Ic; nearby creamery, Aba
45c: Iadle. 3Oa32C; Maryland and
Pennsylvania rolls. 2Oa21c; Ohio
rolls. 2Oa22c: West Virginia rolls,
2Oa21c; Maryland. Virginia and
Pennsylvania dairy prints, 23a25c;
store packed, zoe process butter.
35a37c.
Egs-The following quotations are
for frst-hand transactions; jobbinE
prices higher; Maryland. Pennsylva-
MIA and nearby, frsts, 5Sa6Oc: West
e-n. frsts. 59a6Oc; West Virginia,
frsts. 59a6oc; Southern. firsts, 57a
5Sc
Live pouItry-we quote as fol-
lows: Chickens. old hens, lbs and
over. 34a35c; small to medium. goa
32c: White Leghorns, 3Oa32c; old
roOsters. 21a22c; young. large, 35a
3Sc: small to medium, 37a3SC; White
Teghorns, 34a35c; rough, poor. thin
and staggy. 3Oc: ducks, young. Pc
rins. ; lbs and over, 36a3SC: puddle.
25a37c; MuscOvy 32a33C; smaller.
:oc: geese. nearby, fat, soc: West
srn and Southern. 26a2SC: Kent Is
land. 32a34c: all sections. poor and
+hin. csc; pigeons. young, pair. Asa
zoe. old. 45a5Oc; guinea fowl. young.
-. lbs and over. each. 6Oa65c; tur-
I-,,s. choice hens. 55C; young COB
HERS, 52a53c: old toms, soc: poor
and crooked breast 4Oc.
Dressed poultry-We quote ID.
,scaIded. undrawn. head and feet
.on): Turkeys, young, choice to fan
Cv 55a56c: fair to good. 53a54c;
old toms. 5Oa52c; poorly dressed and
thin. 4Oa42c; chickens. choice young.
a5a3Sc; old and mixed. 33a35c; old
Boosters. 23a24C: ducks. choice to
fsncv. 35a4Oc; geese. choice to fan
~ nearby. S4a35c; Western and
southern. 30a32C: capOns, lbs. and
over. 52c: medium. soc; small sizes,
The Washington herald., 1921-02-04
Er-Bodrd of Trade
Head Established
Exchange Record

CHICAGO, Feb. 2.-Henry w.
Rogers, former president of the
Chicago Board of Trade, who died
recently, established a record In
the grnin trade by the operation
of his firm for nfty-seven years
without a change in membership.
Mr.. Rogers, who was SO years
old. Joined the Board of Trade In
1852. He remained n member Of
the association continuously un-
til death. He was a Iconspicu-
out ngure in the long, dramatic
fight which the board waged
against the bucket shops and
which drove them out of exist
ence after the government had
failed to accomplish that aim.
In 1851, after having held va
rious other Offices, Mr.. Rogers
was elected president. He wss n
factor In the later adoption of
rigorous regulations under which
all transactions are conducted,
and which has made the ex-
change what Herbert Hoover
characterized before Congress ms
@the most economical food mar
keting machinery in the worId.-
MIR. Rogers retired from active
work two years ngo. but remain
ed president of a grain company.
The Washington herald., 1921-02-04
CHILE REDUCES
NATIONAL DEBT
DURING WAR Time
T aVorable Trade Balance
caused By Worlds De-
mand For Nitrate.
PEBT NOW s161, ,265, 900
valuable Properties Possessed
Are In Excess of Obliga-
lions At Beginning of 1921.

The republic of Chile. favorably
situated throughout the war be-
Sduse OF continuous world demand
Ior her nitrate for use in the manu-
IaCIure of munitions and fertilizer,
stands out as one of the few conn
trles which were able to reduce
1helr national debts during the war
PERIOD according to a report by the
Guaranty Trust Company of New
lork- The direct debt of Chile, ex-
Pressed in United States money, is
Low Slol ,265, 900, as compared with
Si'S'oOO,OOO at the end of 1918. In
auultlon to possessing the ad-
aHtaSe OF relatively small debt
tne chilean government owns 1855
miles OF railway, and telegraph and
Other properties, valued in 1918 at
S=4OOOO,O0O, which is S26,26l,325
more than the debt at the beginning
Of 1921.
EnormOus Natural Resources.
The most important DEVELOPMENT
OF the enormous natural resources
pf Chile has been the exploitation Of
mineral wealth, notably nitrate. In
the arid. lands to the north are
Known deposits Of nitrate estimated
at more than 100000, 900 tons, con-
shutting the only large natural de-
posits so far discovered in the
world. During the last thirty years
the exploitation of these deposits
has gradually become the chief
basis Of Chile's export trade and of
her commercial prosperity.
Although the important readjust-
ments in trade and business condi-
tIOns in the period Immediately fol-
lowing the armistice adversely af-
fected the expectation of nitrate,
there has been a marked recovery
or nitrate shipments during 1920.
During the first eleven months Of
the year 2.440,OOO tons were ex-
ported. which would indicate a to-
tai movement for the year of about
2.663.0OO tons. as compared with p
$4,000 tons in 1918.
Export Trade.
Chile's exports consist chiefly Of
nItrates and by-products of the nj
trate industry, copper, borax. wool,
and a limited amount Of agricultur-
al products. Imports consist chief
ly Of various kinds Of manufactured
articles, mining equipment and
food -stuffs. Before the war Great
Sritain stood first in both ChiIe's
IMPORT and import trade. with Ger
many second and the United States
third. During the war the United
States assumed the leading position
and actually did more than half Of
Chile's total export and import trade
in 1918.
Before the war exports normally
exceeded imports, and during the
war the high price of Chilean prod
ucts naturally swelled the export
values greatly. 80 that for the six
years 1914 through 1919, the total
excess of exports over imports was
S4l3.OOO.OOO, which greatly strength
ened Chile's balance in international
trade.
The Washington herald., 1921-02-04
Sale of Stockymds
To Be Urged at Once

Disposal of the stockyards owned
by the Chicago packers will be in
sisted upon without further delay
when the case comes up for hearing
February in the District Court
here, Assistant Attorney General
said yesterday.
The Justice Department will fight
any delay sought by the packers, {"
said Galloway. THE case now has
been in the courts one year without
settlement"
The Washington herald., 1921-02-04
CHICAGO LIVESTOCK.

CHICAGO, Feb. 3.-Hogs-FaIrly
active, 10 to is cents higher than
yesterdays average. Average cost
Wednesday, $3.50; weight, 2I5.
Cattle-Beef steeers steady to
strong; spots higher to shippers.
Early top, $3.50. All other classes
about steady.
Sheep slow, 25 to so cents lower
on all classes, si.75; prime 1i5-
pound wethefs. s4.75. No choice
handy lambs sold early.
The Washington herald., 1921-02-04
Pig Iron Production
LOLUest in Is Months

Production of pig iron in the
United States during January. 1921.
amounted to 2,4O1,S45 tons or 100000
less than in December, according to
figures compiled by the Iron Age.
The daily rate of production dur
ing the past month was only 77,47S.
or the lowest for fifteen months.
During the last five years there were
only three months in which the pro-
duction was as low IS last month.
On February l there were 1S3 fur
naces in blast compared to 201 on
the first on January. This is a net
loss of eighteen for the month.
Steel production In January
totaled 1,so9,53S tons compared to
2047,167 tons in December. This Is
the lowest steel output since Novem-
Der, 1919.
The Washington herald., 1921-02-04
Russia's Locomotives
To Be Repaired

II was announced from London,
January 81. that an undertaking for
ranair Of virtually all of Russia's
locomotives. extending over a num-
her Of years. has been signed be-
tween the London firm Of Arm
strong, whitworth & Co. and a
Pussian trade delegation. The COM
nanv announces, however, that the
confract is subject to signing by,
Great Britain of trade agreement
with Russia.
The Washington herald., 1921-02-04

representing 4.3 per cent OF the to-
tai number for the month and 47.9
per cent Of the aggregate indebt-
edness. This marks a decrease from
the 81 large insolvencies for $36.-
$4,000 OF December, 1920, the num-
her then representing 64 per cent OF
the total and the liabilities 62.1 per
cent
The Washington herald., 1921-02-04
: Z ! :

The above diagram shows the and import
by gradually
increased the arce until the middle OF when reached
by only $ooooo then there has been rapid decline
while have increased In December the
exports amounted to $4s4oooooo
Taking year imports and
together amounted Ssoooooo which increase
that OF In the last before the
The
OF value
The total prin-
cply greater volume Of The amounted
compared the before This is
of about for the
This a increase Of about 4
The following table shows yearly trade since
FOREIGN TRADE OF THE UNITED STATES BY CALENDAR
The Washington herald., 1921-02-04
Germany Tries to Corner
Argentina Tool Trade

German toolmakers are attempt
ing to undersell American concerns
in Argentina, according to a cable
gram to the Commerce Department
which shows that the Germans are
cutting prices from 15 to 80 per cent
lower than the Americans. Deliv-
cries, however, of German goods are
described as SLOW and uncertain"
The Washington herald., 1921-02-04
Transportation Act Total
Payments Vast Sun,

The Treasury Department states
that total payments under sections
2o4. 200 and 80 of transportation
act 1890, as amended, at the close
of business January 81, 1921,
amounted to s440,22s,S2065. -
The Washington herald., 1921-02-04
NEW HIGH RECORDS MADE
IN OUR FOREIGN TRADE
Export Trade Maintained Despite Depression.
Total Trade For 1920 Over ST., 500, 900, 900.

The from the Department Of Commerce foreign
exports $72ooooooo compared with S67
monthly average year $685.
particularly remarkable that export
this volume in spite of depression worlds
markets
On the other hand import trade fell $66oOoooo De
November December
than
in the last except January and February
The Washington herald., 1921-02-04
French Foreign Trade.

4 cable to the Department of Com
,,srcs from Consul General Thack-
.ra at Paris, states that total ex-
.o-ts from France are 22,434.757,0O
t-ancs. for 1920, against 11,S7s,600.-
6o0 francs for 1919; total imports,
* 4O4. ISL 900 francs, against 35,-
100 267. 900 francs in 1919.
The Washington herald., 1921-02-04
Senega's Peanut Crop Small.

The estimated yield of the peanut
crop of Senegal now being harvest
ed is approximately equivalent to
22,7S1, 900 bushels, a decrease Of l.
10000 bushels compared with last
years crop, according to the Amer
lean consul at Dakar.
The Washington herald., 1921-02-04
Freight Car Surplus.

The car service division of the
Ansrican Railway Association re-
Its the freight car surplus on
Yo1narv % was 30O,669 cars, the
Iargest surplus reported in the last
-, years. A week previous idle
Is aggregated 25s,OOo.
The Washington herald., 1921-02-04
(ooo ouitted)

yht. 1871, by The washington HersId.)
Omaha daily bee., 1921-12-30
War Finance Fund
Farmers Codsend,
Banker Declares
John P. Cobb Says Loan Cor
poration Has Also Strength.
ened Small Banks
OF State.

The War Finance corporation is
a godsend to many farmers who,
otherwise would have to be sold out
or ship their products at ruinous
sacrifice in order to meet their
debts" said John P. Cobb, one of
the most conservative country bank
ers of the state. on visit to Oma-
ha yesterday. Mr.. Cobb is presi-
dent OF the American Exchange
bank of Elmwood.
The War Finance corporation, he
declared, has also strengthened many
small banks that made the mistake Of
lending so freely tina. now they
either have to collect on agricultural
paper or get funds through the gov
ernnent.
while | am not i'll sympathy with
issuing tax free securities" Mr..
Cobb said, "the present emergency
is one that can best be met by the
war finance loans. | believe that
more diversified farming should be
encouraged. We probably will see
more grass and less corn. Loans
for encouraging the use OF the cow,
the pig and the chicken will do a
great deal OF good"
More than one-third of the banks
in Nebraska have now made loans
through the War Finance corpora
ton, according to +. w. Thomas,
regional chairman of the organiza-
ton. Advances paid to country
banks Yesterday totaled $4,000. In
some districts bankers have not yet
made use of their 'rediscounting
privileges, but many new applica-
tons are coming in eaclr day.