davidaulloa/AmericanStories huggingface dataset:
Elbert County tribune and Elbert County banner., 1921-09-23
ANNOUNCEMENT!

The First National Bank of FL
bert, Colorado, desires to announce
that. on September 18th. Mr.. r. ]
Elsner. who has been President Of
the Bank since its organization has
assumed active charge as president
and B. NJ. Maroon has been chosen
as chashier succeeding Mr.. A. W
McAuley. who resigned on account
Of serious i'll health
No Introduction is necessary In
the surrounding district of either
Mr.. Elsner or Mr.. Maroon. They
having lived in Ebert for the past
twenty years or more. and have been
active In the up-buiidfns OF and pro
noting in many ways the best In
serests of the community.
1t shall be the policy of The First
National Bank Of Ebert to contiu-
e to promote the best interests poss-
ble for its patrons and the general
welfare of the community in every
way possible consistent with sound
banking.
We desire to thank you for your
patronage in the past and extend
to you a cordial invitation to call
lpon us to serve you in the future
We have splendid banking
room, good vaults, lock boxes. priv
lte room for your convenience and
YOU best.
A portion OF your patronage will
he appreciated by us and We prom
ines.
THE FIRST NATIONAL BANK,
Ebert, Coiorado D
Elbert County tribune and Elbert County banner., 1921-09-23
IT TAKES GALL.

After a subscriber has been taK-
ing a paper out OF the post oifice
for a couple of years or so and re-
ceives bill he "hollers" his head
off about never subscribed for it,
but when he gets mixed up in a
dirty deal that might not sound
good in a newspaper he rushes to
the printing shop and asks the edi-
tor TO say nothing about 1t in his
paper as 1t might cause some people
tobemisled over the little affair. y
Tt is some gall Some day the edi-
tor is liable to break loose and pro-
perly introduce the parties to the
public Castle Rock Journal.
A little vegetation in the back
yard will help a lot and lot of
well ll-arranged shrubs will help still
more to make Home Sweet Home.
Elbert County tribune and Elbert County banner., 1921-09-23
OUR MOTTO: JUSTICE WHERE YER 1T MAY LEAD.

has raised rates, the labor boari IA
reduced wages, congress has guaran.
teed that the rates shall be such that
a certain rate of interest is ASSURED
Since the roads have been return ed
they have had more than a billion
dollars in the form of loans and de-
ferrsd interest This present bill.
now on the way toward passage as
sures probably another half billion
Uncle Sam is the banker. He
has kept the railroads going But.
suppose. after all. it is true, as Wall
Street has been saying. that the
railroad are insolvent, what will the
government do? The bali billion
dollars. while handsome sum, will
not last forever, and there must be
a day of settlement. There will
then be some other plan OF high
finance evolved to which the gov
ernment will be a party.
II the railroads are prosperous
everybody else should be able to
bask in the reelected sunlight. This
Is a very enjoyable state of affairs.
but II the government is TO do the
lnancing and be the real fairy god
mother that fact should be chron-
cled. so that we can know from
whom all blessings flow Lead
Vile Herald.
Elbert County tribune and Elbert County banner., 1921-09-23
LIMITED PRODUCTION MUST END

The building trades unions haze
probably done more to cause general
Industrial inactivity than any other
agency during the past year. Dur
ing most of 1921 building trades
strikes have been in force in princt-
pal cities of the country. A de-
termined effort has been made by
the building trade1 tt not only mainI
tain war wages but in many instan-
ces to increase them.
Building stagnation has resulted
with consequent slowing down of
the lumber and steel industry and
resulting unemployment of hundreds
of thousands of workmen in these
lines.
/ The housing situation and the
problem of high rents will grow
worse instead of better until the
Elbert County tribune and Elbert County banner., 1921-09-23
COMING. ENTERTAINERS

The Olinger Quartette and Mr..
Stuart Houseman, Comedian, VIII
give one OF their splendid Concerts
under the auspices of the Short
horn Breeders association, in their
Pavilion at Elbert. Thursday.
September 30th. 1921. The Pa
villon will be comfortably heated
and lighted for the occasion.
Neither Mr.. Houseman nor the
ouartette need an Introduction
as we have had the good fortune OF
having had them with us before.
The admission fee viii be 25 and
so cents.
Elbert County tribune and Elbert County banner., 1921-09-23
UNCLE SAM AS THE RAILROADS
BANKER.

There seems to be much optimism
N eastern financial circles as to the
effect that the passage of the rail-
road funding bill will have on the
dent Harding himself, in his moss
age to congress on the subject. an
ticipates a "far-reaching revival.
and he hopes that the effects of the
funding bill will "banish to large
degree the depression.
This funding transaction is a
somewhat remarkable piece of finan-
cling, and Wall Street expositors of
the mysteries of transactions invol-
wing hundreds of millions of dollars
have a way of their own of describ-
ing the deal which to the lay mind
S bit confusing. Ever since the
railroads were returned to the com
9anies there has been dispute as to
the amounts which the government
owed the railroads. At the time
of the transfer the railroad admin
istration reported to congress that as
accounts then stood the government
owed the railroads 1,476 millions
and the railroads owed the govern
ment 1,677 millions. But from the
amount which the government owed
the railroads was deducted SIS mil
lions representing physical additions
and improvements SO that in the
| final settlement the government
would owe the roads 661 millions.
This would leave the railroads ow-
ing the government about billion
dollars.
Then the railroads began to bring
IN numerous counterclaims for dam
ages, wear and tear. and the "inef-
1ciency of labor. many of which the
railroad administration refused to
allow. This made settlement prac-
tically impossible.
The proposal of the railroads since
embodied in the funding bill that
has passed the house is that the
railroads issue what are known as
mortgage securities which will rep
resent what the roads owe the gov
ernment. These securities the gov
ernment will sell for cash to the
| War Finance Corporation, and thru
It to private banks. Then. with
the proceeds, the government can
pay the roads what is due them.
That is the substance of the so
called funding transaction. OF
course the question may arise as to
Why in balancing the two debts the
net difference was not taken, and
the railroads then issue their obli-
cations. In that case, however,
the roads would get nothing from
the government IL the shape cfrcaoy
money and that is exactly whet
the roads want. 1t might also be
asked, why Wall Street could not
have financed the roads itself, with
out the Intervention of the govern
ment. Presumably Wall Street has
lotner uses lot lts money and prelers
that the government shall act os
banker for the railroads. which in
effect is what the transaction a
mounts to.
II. as the financial powers. the
administration and everybody else
believes. the securing by the roads
expended in betterments, improve
rents and construction will end tie
'ong drought and start the wheels
# prosperity the. nee" be no seri-
GUS attempt to analyze the transac-
ton itself.
1t is hard 10 understand why the
-ailroads are not prosperous. The
Interstate Commerce Commission
Elbert County tribune and Elbert County banner., 1921-09-23
GENERAL COLORADO NEWS.

Complete returns from county as.
SCISSORS to the State immigration De.
partment show the total area under
cultivation in the state this year to
be approximately 100000 acres
compared with 5,072,34O acres re-
ported by county assessors for 1926
and 5,o52,955 acres reported by the
census bureau as harvested in 1890
These figures in all cases include
native hay but do not include or
chards.
These figures show beyond doubt
that the acreage under cultivation
in Colorado this year is the largest
in the history of the state. While
final figures on output are not yet
complete it is also definitely estab-
lished that the total production oil
greatest on record for Colorado. The
states wheat and corn crops both
are record breakers. and final esti-
mates apparently will show that po-
tatoes and barley both have made
record outputs. There is sligk
decrease in the total production oi
hay and perhaps a slight decrease
over last year in the output of rough
forage crops.
While reports of county assessors
this year are more complete than
they have been in former years. they
still fall something short of show
ing the total acreage under cultiva-
tion. Reports from great many
counties this year, such as Logan
Kit Carson, Phillips. Sedgewick
Mesa, Jackson, Dolores and several
others. are practically 100 percent
complete, but a few other counties
like Arapahoe, Huerfano, Otero
Weld and soma others. are incom'
plete. 1t is now apparent that the
reports from the state as whole
are more than 80 percent complete
as regards acrelge und r. cultivation
though they may fall below 80 per.
cent. in the number of farms and in
the acreage of wild hay cut. Some
counties which have turned in near.
ly complete reports on cultivated
crops show considerable shortage In
the acreage of wild hay reported.
The sowing made by Colorado this
year in acreage and production Of
crops is remarkable in view of the
situation in most other states. Re
ports for the county as whole show
that the acreage under cultivation
this year is below the average fol
the past five years and considerable
short of that under cultivation las
year, while the output for man,
crops falls considerably below thu
average for the past ten years. Th'
wheat and potato crops. both q
which are record breakers for Colo
RADIO, are far below normal for th'
county as a whole.
Elbert County tribune and Elbert County banner., 1921-09-23
VEGETABLES AND SEEDS.

+, VEGETABLES AND SEEDS.
The production OF vegetables for
market and for seed has developed
rapidly in Colorado during the past
decade, until the annual value OF
vegetables and vegetable seed grown
in the state is now nearly as great
as the annual value of the silver out
put.
The leading vegetable crops are
cantaloupes. cabbage. cucumbers.
tomatoes. lettuce, celery, onions.
beans and sweet corn In the pre-
duction of cantaloupes Colorado
ranks second among the states. be-
ing surpassed only by California.
Cantaloupess are raised here both
for market and for seed, this state
producing a larger portion of the
annual seed output OF the United
States than any other. Reports of
county assessors to the State Immi-
graion Department show that ap-
proximately 900 acres of canta-
loupes were grown in the state this
year, of which 1000 acres were
grown for seed. These are grown
principally in otero and Crowley
counties. most of the seed being
grown in Otero county
Cabbage ranks second among the
vegetable crops in Importance IL
Is grown chiefly in the Irrigated
diutrfc north of nauvar Ia k3...-.,
and Weld counties, and Is marketed
in all parts of the country. Re-
ports of county assessors show that
only about 300 acres of cabbage
was grown in the state this year,
compared with more than 1000 nc-
res last year. Production per ac-
re this year. however, is much larg-
cr than it was last year and the
price growers are receiving for cab
bage is much above that of last
year, so that the total value of the
crop to growers this year Will ne
considerably greater than for 1890.
Lettuce became one OF the Lead
ing vegetable crops In Colorado in
1920. and its Importance has been :
further Increased this year. The
census bureau reported 22 acres OF
lettuce in the state in 1918. while
reports received by the Immigration
Department from County assessors
show about 1.400 acres this year.
The large increase has been due to
the introduction of lettuce in the
higher attitudes, where late lettuce
of very high quality is grown. Chef
fe and Custer counties are now the
leaders in the production of late
lettuce
Cucumbers are grown in the sta+e
both for pickles and for seed. with
a small acreage grown for market.
Reports of county assessors this year
show about 1000 acres OF cucum-
bers grown for pickles in the state
chiefly in the Arkansas valley and
in Weld and Adams counties, and
about 1000 acres for seed, chiefly In
Otero and Crowley counties. Ttis
makes the total acreage devoted TO
cucumbers in the state this year
greater than that devoted to CAD
bage, though the value of the latter
crop will be greater.
Elbert County tribune and Elbert County banner., 1921-09-23

This man has Found Something In
his paper that he Doesn't Like and
He's going around and Bawl Out tile
Editor. VIII the Editor Feel Terrible? {?
Gosh, no, he'll probably Get Mad him
self and tell the peeved Party where
to Get OF at Editors aIn't So Meek
as they Used to Be.
The Cordova daily times., 1921-01-07
PETROLEUM SEEPAGES IN kATALLA REGION

Petroleum seepages and gas springs are found throughout the KatalIa and Controller bay regions, according to Wheeler, and valuable deposits are lv. ing open to the sun in the valley floors. The oil has accumulated in large pools, and can be utilized by simply draining methods.
 The votality of the oil already found is so high that difficulty is exDectad Tn transporting it in bulk. It is thought refiners will have to be built on the spot and the Gil handled there before it is shipped to the United States.
 Already 439,76O acres have been leased under the government regula- tens. Katalla and Cold bay. from sfIau trading posts, are being rapid ly built up into respectable sized towns, preparatory to the colnirg of the thousands of experts and IaJorer4 expected next spring.
The Cordova daily times., 1921-01-07

The city dock is being extended for greater capacity in handling freight and the Booth Fisheries dock is like wise undergoining enlargement,
The Cordova daily times., 1921-01-07
Sitka News

SlTKA, Jan. IF. - The Pioneers Home here has taken formal posses sion of the new hospital, recently completed, and Harry Morton says it is the best building ever put un there for either governmental or territorial purposes.
 The hospital is complete in every respect and is said to fill a serious need of the home. It was built by c. o. Lindsey, a Juneau builder and contractor, from plans drawn up by NJ. s. Sutton, also of Juneau.
 The Christmas celebration at the Pioneers Home was the greatest ever held there.
 off again, on again, gone again." That is the stunt the Santa Rita played when it slid into port at noon and tucked out again at six, leaving many a missive unanswered. Oh, well, there is another week and an other boat coming.
 Mir. and Mrs. c. o. Lindsey left for Juneau on the Santa Rita. MT. Lind sey had the contract for the new hos pital at the Pioneers Home. He also did other construction and repair work while here.
 The Sitka postoffice has installed l2S automatic lock boxes and is now able to accommodate all patrons in the matter of boxes. This improve ment, together with the glass doors recently put in, gives an air of mod ernity to the building
 The Sitka Sun has decided to change to monthly publication. De- cember II marked the beginning of the new order.
 The city dock is being extended for greater capacity in handling freight and the Booth Fisheries dock is like
The Cordova daily times., 1921-01-07

The Sitka Sun has decided to change to a monthly publication. De- cember II marked the beginning of the new order.
The Cordova daily times., 1921-01-07
AIdskd OiL Rush Is On
 With Seepdges Found
 Daily h KdtUlLa Field

known the riches laying at their feet. [ Immediately the government re- moved the restrictions they filed their claims. They have the land; they have the oil; now they are waiting for capital to come in and develop their holdings.
 THREE-FoURTHs OF WELLS SUCCESSFUL PRODUCERS
 Already 32 wells have been drilled. Of these more than 24 are successful producers. Oil has been found at depth of 300 to HOO feet. Experts returning from the region report the oil to be of gravity test of "A Der cent, as compared with 50 to 55 per cent in the present day grade of gaso line.
 Transportation difficulties are not expected to impede the progress of the new field, especially at Katalla. where a sufficient depth of water ex- ists for oil tankers to draw in, and where the water is free from ice at all seasons.
 According to Bernard A. Wheeler, oil and mining expert, who has just returned with the leases of num- Der of old-timers to purchase machin- cry and equipment for next springs development, plans are already pre- pared for the erection of enormous pipe line systems for the transporta- tion of the oil to the tankers at Ka- talla.
The Cordova daily times., 1921-01-07
Portland Writer Says That of 32 Wells Drilled 24 Are Sue cessful Producers, With Oil Found at Depths of From 300 to HOO Feet

PORTLAND, Jan. 7.-tAlaska seems next in the historic procession of oil saturated lands that have given up reassuring fuel treasure as demand began pressing uncomfortably close upon upon the known world supply, writes Paul N. Wilson in Portland paper.
 For 10 years oil fields, vast enough it is estimated, to supply the need of the world for years, have laind idle under government restrictions. Now since February 20, when the govern ment relinquished title, hundreds of thousands of acres have been filed. New companies are springing up on every side; hundreds of scouts, rep resenting wealth companies of the United States, are swarming over the fields, and millions are expected to pour into the region in the spring for the immediate development of this, the last known undeveloped oil field in the territorial boundaries of the nation.
 FIELDS DISCOVERED
 TWENTY YEARS AGO
 Twenty years ago these rich fields were discovered, but the California fields were just being opened up, and the far-away fields were passed for those nearer home
 Today Alaska is the center of an oil excitement more intense even than the early days of the gold rush. Especially in the KatalIa fields, the most promising of those opened, is the oil rush growing. Almost every day new seepages are discovered, each day sees new oil men and geological experts arriving.
 Most of the new arrivals are too late Practically every acre in these vast fields has been filed. For 20 years the old sourdoUghs have
The New York herald., 1921-11-11
AMERICA AND JAPAN
URGED TO GIVE AID
Hepburn Says Responsibility
of Preserving Worlds Credit
Rests on Them.

A. Barton Hepburn president or ih@
Chase Nationa! Eank. speaking IN the
Bankers Club yesterday AT luncheon
IN honor OF the members OF the Japanese
Industrial Commission, declared that
upon japan and the United States rests
the responsibility Of preserving the
credit fabric OF the world. He called
upon America and Japan 70 work to-
ge.her 10 stabilize the credit OF the
world until the countries which were so
hard hit by the war can struggle
through the maze OF initiation and plant
their standards securely aud sauareiy
upon a firm foundation"
The luncheon was given 10 the jana
ncse delegation, OF which Dr. Taknma
Dan is chairman. by Mr., Hepburn.
James $. Alexander, president OF tho
National Bank Of Commerce; Charles u.
Mitchell. president OF the National city
Bank. and Gilbert q. Thorne, president
of the National Park Bank, represent
Ing the bankers of the city. IN response
To Mr.. Hepburn's speech DR.. Dan said
that japanese bankers and tinancier5
want 10 follow after and attain what
American bankers and finaneiers stand
for and that they are ready with their
capacity to cooperate with the Amei1-
cans.
when the war was on and initiation
was everywhere In evidence" Mr.. Hep
burn said, banking was difficult and
dangerous. 1t is even more difficult
ana dangerous now with practical
bankruptcy confronting so many ma
tions. Thsre Is no hope OF stabili2lng
exchange or restoring Il to normal so
long as the exchange must be redeemed
in the local currencies of these nations
so badly deprecated and In such an ut
ter state OF demoralization. We must
have reasonable stability 10 exchange
in order 10 deal with other nations with
confidence, but can there be such con-
dition established as long SIS the local
ourrencies in which the exchange must
DO redeemed are subject TO such vio-
lent fluctuations?"
The New York herald., 1921-11-11
SOUTH ABETS WEARY
COTTON LONGS DRIVE
Liquidation Drops Prices, jan
uary and December Break
ing Through IL Cents

Continued liquidation by disgusted
longs, combined with pressure from
southern interests. drove yesterdays
cotton market still lower. Prices de-
oliped so to 20 points. January reach
Ing 1866 cents and December 1880
cents. Pre-hoiiday profit taking from
shorts developed near the close, with
the result that final bids were somewhat
up from the bottonl-33 to SO points
net lower.
A decided change IN prevailing senti-
nent occurred, due entirely TO the re-
vision Of certain preconceived notions as
To the size of this seasons crop. local
concern OF some prominence estimated
the crop at 100000 bales. and so con-
flrmed official bearish indications OF the
final yield. In the last five weeks, or
since the Government crop estimate OF
6,537,o00 bales was issued, the market
has experienced drop OF more than
500 points March, which this season
sold up to 22.12 cents. dropped as low
as 1856 cents yesterday.
Should the trade enter the market as
e real buyer. and II is felt in many
quarters that mills have covered only
small portion OF their requirements, the
market could easily recover few cents
Il pound.
Indications are that the i921-22 crop
viii be at least $500 000 bales. Some
place the figure at nearer 100000 and
few OF the more speculatively inclined
bears at even more
The market made a brave effort TO
resist the heavy liquidation at its open
Ing. and In the first hour succeeded In
advancing Slightly over its previous
hnal prices. Support came mainly from
Western and local shorts, who. having
profits after the sharp break did not
care to hold their position over the hoi-
day. After the opening hour. however,
the market gave ground steadily, stop
loss liquidation accelerating the decline.