davidaulloa/AmericanStories huggingface dataset:
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-09-11

have returned to their home in
EeNingllan, Wash, after having
/ spent the sunmerfwith the for
/ mer's mother, Mrs. James Ben
nett here.
Miss Margaret McGurnaghan
o; Topeka, Kansas, spent Thurs
day and Friday with Miss LYDIA
Crilfee.
Messrs. Farris Adams, Leon
ard Mccain and William Wor-
nail, OF Paris, were recent guests
of J. Ellison Adams.
Rodes Terrill is at home from
ia weeks stay in Shelbyville and
Louisville.
William Blanton will spend a
few days this week in Louisville
before taking up his school work
at State University again.
Miss Vessie Adams spent the
weekend with Miss Gladys Du-
-erson at@AYhite's Station.
Miss Camilla Blanton las re-
turned from a visit to her sister,
Mrs. Ben Buckner in Paris.
Miss Elizabeth wager, of Lott
isville. is the guest OF Miss Marie
Rennett on West Main.
Midshipman Lewis B.Herring-
ton will return to Louisville on
Tuesday. after a visit to Mr.. and
Mrs. Harvey Chenault.
Miss Julia Higgins has return
ed to Frankfort after a pleasant
vacation with her parents, Capt.
and Mrs. ]. A. Higgins.
Mrs. ]. J. Neale, and children
Margaret, Elizabeth and James
Neale, Jr., have returned from a
visit to Lexington relatives.
Mrs. T. 7. holland, of San Pc
dro, California, is expected this
week or an extended visit to
her parents, Mr.. and Mrs. C, A.
Taylor on Broadway.
Mrs. William Deatherage is
her daughter, Mrs. Ray
mond Works in Georgetown, i
William Langford, IT., will
leave Monday night to enter
Castle Heights Military Acade-
my at Lebanon, Tenn.
Mr.. and Mrs. James Long
worth, Mr.. and Mrs. Charles
jones and Frank Simpson, of
East Bernstadt, were the, week
end guests of Mr.. and Mrs. Ed c.
AIoores of Moberly.
Mr.. and Mrs Ray Moore and
Mrs. Dale Moore, Of Waco, are
attending the jackson county
fair at Bond this week,
Miss Myrh Johnson, Of Pine
vile, was the guest OF Mrs. Allie
Oldham.
Mr.. and Mrs. T. NJ. Wells and
Miss Lou Wells spent Sunday in
Berea.
Miss Marie Langford has re-
turned from a visit to friends in
lexington and will leave Tues
lay to continue her school work
It Science Hill, Shelbyville.
Miss Mary Catherine Jasper
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-09-11

Calendar

Wednesday afternoon at 2:30
Mrs. T. D. Chenault will be host
ess to her bridge club at her
home, Cumberland View.
Wednesday evening at I every
Methodist in Richmond is re-
quested to be present for bus
mess and social meeting at the
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-09-11

Mrs. Belle Parsons and chill
dren, of Weatherford, Texas, are
here for a visit to her mother,
Mrs. T. ]. Million and other rel
atives.
Mrs. Paul Collins and daughter
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-09-11
Special Majestic Ware

This. wonderfully serviceable ware is
wellknown by thousands and thousands
of Majestic Range users, it is the highly
priced extra heavy, old time Majestic
Sci. same as furnished before the war.
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-09-11

Mary Emily Chenault, Elizabeth
wager, of Louisville, and Messrs
Harrington, Rollins and McBray-
err Burnam and VIM. Blanton.
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-09-11

Charlie Campbell of Irvine, route 10 exgton for e
vas with friends here Saturday end visit
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-09-11
Polished Solid Copper Set

One sci IS Of pure heavy copper,
highly polished and Of exquisite design.
Every woman falls in love with it on
sighht-don't fail TO drop in and see it.
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-09-11
Entertained for Guest.

church.
The Washington times., 1922-07-16
GOOD PROGRESS
in BUSINESS IN
|. LAST 6 MONTHS
Demand for Labor Increases,
Report Of Credit Bureau
Announces. "
By international News Service.

NEW YORK, July 15.-Summariz-
ing the favorable and the unfavor-
able factors in the present business
situation, Secretary ]. H. Tregoe, of
the National Association of Credit
Men. In his July letteryto the $4,000
manufacturing. wholesale and bank.
ing members of the association. said:
Drawing together the favorable
and unfavorable factors, as they ap.
pear to US just now. we would class
as favorable:
Favorable Factors.
81. Economy in the raising of the
present years crops. This economy
will be a tremendous help to the
farmer and increase his purchasing
powers. This is now reflected in an
increased sale of mail order houses.
The agricultural sections are looking
well.
'2. The production Of basic com.
modities Is on the upward trend,
despite the coal situation.
"3. The railroads are coming into
the market. Freight cars ordered
up to June 3 total 80,000--thrse times
the number ordered in 1921. II this
rate continues there will be an out
put of 10000 freight cars in 1922.
-. Railway earnings show an inn
provement net. The gross returns
are less than last year, but reduction
In operating costs have put the net
earnings on the favorable side.
"5. Volume OF trade, as reflected
in carloadings and from other In.
dexes, increased.
"6. Construction Is still active.
Contracts awarded recently indicate
this.
~. Unemployment is decreasing.
A very marked increase of employ
ment Is recorded in automobile. pa
per, car building and repairing.
IS. A continued improved mental
attitude on the part Of the people.
Unfavorable Factors.
"The unfavorable factors are:
81. Competitive bidding for labor
in the building trades. This compe.
tition has enormously increased
prices for labor In these trades.
"2. The continued coal and textile
bIFlhes. ne voluntary iuicneoo VI
men at present Is a great burden on
the income Of the country and a sit.
uation that ought not to exist.
80. The failure of the bankers
conference in Paris to reach terms
upon which a German loan could be
floated was a setback in the economic
situation of central Europe, which is
an unfavorable symptom for the
4 whole world.
-. The continued unsettlement OF
| financial and business conditions In
Europe. They are fast becoming ex'
ceedingly serious, and a crash Is un'
avoidable unless there is springine
20 the necessities Of the situation and
some plain talk on the part of the ma
tions most deeply interested.
"5. Pending legislation on the tariff
and bonus causes a concern to the
business of the country.
IS. A rise In the prices Of the fin
ished product. together with the
slight increase in the cost OF living
The Washington times., 1922-07-16

ment concerns, in practically every
instance bringing reinsurance to
stockholders who have their eyes on
dividends. The automobile industry
also is putting It's best foot forward,
and has maintained its reputation for
shattering it's former records for
production and sales.
Bond Market Active.
Perhaps in no department Of the
financial market has the effect Of
the easier money conditions been 30
so apparent as in the bond market.
In the listed exchange, the demand
for prime investment securities as
well as for the speculative issues has
been exceptionally broad and prices
enjoyed a good upturn during the
past week.
In one Of the most active markets
OF the year to date, five Of the Lib
erty bond issues established new
high price levels since the date OF
their issues while two others sold in
to new high ground for the present
year. The first 3h's are now a full
point above par, while the fourth
~ 3, the most populer issue, has
attained the same rating. The first
and second convertible AVS sold as
high as 1O2, with a closing asking
price of 103. The first ANS sold at
sl01.o1. and the third AXIS at
$10050.
New bond issues during the past
week aggregate $40, 900. 900. classified
as follows: Railroad. $26, 900 900; tor
eign, $20,350, 900: State and munich
pal. 50 900 900; public utility. $1,000.
900; industrial. $4,000, 900 The largest
issue of the week was the $26, ,000, 900
per cent refunding bonds of the
New York Central Railroad Company,
which were sold at 94h. yielding $50
per cent. In the foreign division.
the most important issue was the
| SO, ,00O, 900 guilders per cent fifty
year bonds of the Kingdom Of the
Netherlands. which also found a
ready market.
Discount Rate Reduced.
Without doubt the most important
development in the international
| financial situation during the past
week was the further reduction of
| the discount rate OF the Bank Of Eng.
land from 3h per cent to per cent,
making 1t the lowest official discou ut
rate in the world. and the lowest for
the English bank since the prs-war
days.
In our own markets, considerable
confusion Is caused by the frequent
drops of call money from to
and 2A per cent, as indicating
great changes in money conditions
This Is entirely misleading, as the
amount of money used by the
banks for loans on stock exchange
collateral Is the residue, after al
their commercial requirements have
been met, and the true index OF
financial conditions Is the posted
rates on commercial papers and
bankers acceptance, which have
shown very little variation in re
! cent months.
The Washington times., 1922-07-16

To many this general statement
win seem vague and theoretical. II
is neither. Just now, It is as prac-
tical and timely an every mans
bread and butter. Mr.. Traylor re-
fers to the Ford. Edison and other
schemes for printing paper dollars
on the basis of factories. farm
lands, farm products, natural re-
sources or anything else that is
regarded as valuable. He suggests
that is the Russian idea and that
the Russian idea is proving the
biggest financial failure in history.
Exactly so. There has been so
much financial talk Of late about
there hasn't been much else left to
than Mr.. Ford or Mr.. Edison seem
to have lost their heads on the
subject. r.. .
Half the time at Genoa and The
Hague has been spent in trying
to convince the Russian statesmen
that the resources are not quick
assets. That resources are neither
money nor a basis for money nor a
substitute for money.
What We Must Remember.
We all have got to understand
what doubtless Mr.. Traylor's com
mittee will try to make US under
stand. This Is that money has go,
to be something quick. prompt
valuable, easily passed from hand
to hand, accepted steadily in the
course sof trade, inspiring conf
dence without hesitation or inves
tigation. known to be the equivalent
In value for value given or received
and regarded by common consent
Of the people as sound. stable and
desirable. Money must be and dc
these things or cease to be rea
money. Let US take an extremt
example:
The coal resources" Of the United
States are nearly four trillion tons
The coal is undug, under ground
up to this date dead and buried Al
far as present business IL concerned
But. according to the theory Of the
old French and the present Russian
revolutionists, according to the
fancy Of many paper money en-
thusiasts in America. Il IL q per
fectly good resource on which ID
base a nations currency. valuet
at 81 a ton II gives q total mass o.
wealth Of little below eigh
trillion dollars-tust about thu
amount Of Russia's present circula
ton.
Now suppose the United States
| Government seized all the undue
coal, issued eight trillion paper dol
lars. against II. and put them In
The Washington times., 1922-07-16
.GERMANSLO LOOK
FOR U.S.. MONEY
TOF|LL GOLFERS
Exchange Situation viii Get
Boom From Cash Spent by
Globe Trotters.
By international Now. Service.

BERLIN, July 16.-A hundred
thousand Americans are expected
to visit Germany during this sum-
mer season. They may improve the
exchange situation by spending
$40. .o0o. 900 while they are here, says
the Acht Uhr Blatt.
It is estimated that II every
traveller only stays in Germany for
four weeks, spending s4oo during
this time. as an average. twelve
billion paper marks win flow into
the empty pockets Of those Ger
mans that get in touch with them
as hotel keepers. dealers. store
keepers. This will enable the Ger
man Government to buy more for.
eign stocks and thus improve the
general exchange situation.
The expenses of Americans COM
ing over here are figured out as in.
cluding a hundred dollars for per
sonal comforts, q hundred dollars
for purchases, and two hundred
dollars for. the passage back to the
States.
The German shipping agencies.
including the Hamburg American
Line and the North German Lloyd.
announce that all available berths
have been booked for American
citizens on all liners bound to Ham.
burg and Bremen during the sum
mer months. These liners will be
able to carry about 1900 first and
second-class passengers within a
week, so that $4,000 visitors are
expected to flood Germany within
eleven weeks. This Is a very low
figure. as 1t represents a minimum.
The rest, up to a hundred thou
sand passengers, booked berths on
French, British and even Scandi'
navian liners and will reach Cen
trail Europe via Holland, France
and Denmark.
Reports from New York state
that practically all berths are sold
out" for summer OF 1922. thereby
verifying the German estimates.
There is no reason to complain
about this American invasion" con
cludes the Acht Uhr Blatt. "Al
these globe trotters will. Of course
contribute to increase the scarcity
of goods OF all kinds over here, but
on the other hand. they will make
plenty OF Germans happy through
their purchases. as II Is a well
known fact that Americans spent
their money freely while travelling
abroad, although Uncle Sam Is 6
fairly thrifty housekeeper at home.
The Washington times., 1922-07-16

has again advanced, and the statistl.
cal position In all non-ferrous met
ais Is clearly improved. The higher
postal receipts returns for June
showing a IL per cent advance over
June Of last year,, afford another
good index to the growth of business.
while q decline In the number and
size Of failures, as well as the reduc-
ton Of unemployment in all indus
tries. save those directly affected by
strikes, Ia now admitted by the
United States Employment Service,
as well as by private reporting agen.
cies.
Stock Market Outlook.
On the stock exchange activity Is
checked by vacation quiet. by the
labor situation. and by foreign un.
certainties. Aside from these
obstacles. the financial outlook con.
tnues hopeful. betterment and prog
ress being self-evident in business
affairs almost everywhere. Re-
covery Is in the air, and indications
point freely to a fresh forward move
ment when conditions become more
ripe. Money is easy and plentiful.
Low rates may be attributed to dull
trade. and an excessive supply of
funds, but the latter fact has GER.
tainSy not yet e1erted It's full effect
upon security values. Commodities
are again rising, and eventually
securities will do likewise. The
crop outlook IL satisfactory. despite
damage reports usual at this season.
Railroad prospects are also encourag-
ing, and copper and other mining
industries are working back to more
normal conditions. While more or
less profit taking is advisable, the
general market exhibits surprising
resisting powers, and stocks. aside
from those which have been over.
manipulated. are generally held with
marked confidence. Leading In.
dustrial and standard rails are being
steadily absorbed, and II IL an open
question as to which Of these will
lead In the coming rise.
An unusual number Of new issues
are being successfully floated, In
dicating a surprising amount Of
funds awaiting Investment. Specula.
tive activity has wisely subsided,, for
q period, especially In certain oils
and motors. The building boom,
however. continues at Its height, and
Is likely to continue for many
months to come. X the present hous-
ing shortage is to be Satisfied. Con-
gress will soon adjourn, and this will
beNa welcome relief.
The Washington times., 1922-07-16

circulation. That would be the
same sort Of economics as was prac-
ticed In France with the assignats.
would follow pretty much the same
line OF economic argument az has
prevailed In Russia up to this date.
What then would happen7
Our Dollar Would Drop.
Despite the four trillion tons Of
undus coal. despite the valuation Of
eight triilion dollars, despite all the
arguments as to "inexhaustible re-
sources" and natures riches" the
American paper dollars would go
down as the Russian rubles have
gone down. Why7 Because people
In business and breadwinning would
have interest In paper money whose
redemption and value were de-
pendent on coal to be dug thirty or
forty or fifty years hence; because
they would hesitate to exchange for
II food, clothes. and comforts that
could be enjoyed today while they
were still young or still living; be-
cause, therefore. such paper money
would not pass readily from hand to
hand, be q prompt. quick, and de-
sirable means Of trade and exchange,
would not be considered sound and
staple, at least as far as the living
generation was concerned: would not
be viewed as a fair equivalent in
value for the things that are needed
and consumed from day to day.
Untouched by capital and labor
these so-called riches are no more
available for the quick requirements
OF trade. no moro possible as fac.
tors In currency Of paper money cir
culation. than the face, Of the man
in the moon. The whole history of
finance and paper money proves Il.
The examples and comments here
given are neither complete nor exact.
They merely suggest a few Of the
general tendencies and historic con.
dftions that bear on the project of
Russianizing American paper money,
as well as on the failure Of the Rus.
sian diplomatists to make good their
case at The Hague.
The Washington times., 1922-07-16

In more than one group, the net
results of the week are to be seen
In q higher average Of prices than
obtained at the opening on Monday.
This Is particularly true of the rail-
road stock and few of the lead.
ing motor and Industrial shares.
studebaker. for example, which be-
gan the week at 1917. closed above
l3S. New York Central opened at
95 and closed at exactly the same
figure; Allis Chalmers opened at
4ek and closed at 53%, American
Can opened at 49h and closed at
k6h. On the other hand. Mexican
Petroleum. the leader of the specu-
iative oil stocks. started the week
at 161& and sold as low as 1862,
rallying somewhat near the close.
Pan-American started at 70A and
sold down to 6Sk, also rallying.
United States Steel opened at 9SM
and closed at 99h.
The chief concern of the financial
district during the week has been
the labor situation, as exhibited In
the continuation of the coal strike
and the unfavorable developments In
the railroad stocks. Unoffortunate
y, q number of influences which
1t was hoped would operate to settle
the railroad strike before the end
OF the week have been disappoint.
Ing In their results and the week
closes with a complicated situation
TO deal with.
= Gold Exports.
An important incident of the week
was the renewal of gold exports to
this country by the British govern.
ment. presumably as an acccumula.
ton for the payment of the interest
ON the British war debt which is
due about October 1. In connection
Herewith, the statement made by
the British chancellor of the ex
chequer that Great Britain's $4,000.
100000. debt would be paid in full
has aroused some speculation as to
the method which would be employ.
ed to liquidate this vast debt.
, There has been a gradual improve
ment in foreign exchange during the
past week, particularly in sterling
and franc exchange. German marks
penetrated into the depths when the
first reports of financial collapse
were received, but strengthened
somewhat on the announcement oi
the ability Of the Germans to make
the current reparations payment.
Such statements from representa-
tive Industrial companies as have
been published during the past weel
have been quite complimentary t
the records of the concerns. indicat
ing general improvement in many
important lines of trade. Amonl
them have been statements from tn,
shipping, cable, copper and equip
The Washington times., 1922-07-16
Apple Crop Insurance
Causing Heavy Losses

MARTINSBURG, Va, July ID =
Insurance men are doing a big bust
ness here with a new policy permit
ting the insurance Of apple crops
against damage by hailstones on the
per barrel basis.
Hundreds Of thousands OF dollars
worth have already been underwrit.
ten. The rate is $50 on $1,000 OF
the valuation. or Q cents on a barrel
Of fruit valued at SO. The change in
the form of the insurance has
brought about a much lower rate.
The Washington times., 1922-07-16
IN. Y. Market Irregular
AS Result Of Strikes
Apprehension Over Industrial Trouble and
Danger of Financial Collapse in Europe
Causes Irregularity During Week.
BY w. s, COUSINS.
ls22. BY cOsmOpOlitan News Service, i,

\
NEW YORK, July 15.-I hardly to- be expected that
the apprehension industrial troubles at home and the
danger of financial collapse of important European
would rregulay in the market for
uave Stocks and during the past week the effort of these
factors has been apparent in the unsettled conditions Of the
stock market However there has not been any violent
heava in prices sustained attack against the market
The Washington times., 1922-07-16

On your vacation you will want
timely news and thrilling fiction.
You will insure your getting both
II you order the Daily and sunday
Washington Times sent to your
mountain or seashore resort. Nine
ty.five cents brings II TO you for a
month; $3.50 for three months,
The Washington times., 1922-07-16
0YyagHssHAAHHPa BUSINESS And FINANCE n4Baas&E
Bank Association To
Probe First Money Plan
American Bankers Association Appoints
Commission to Examine and Report on
Questions of Fiat Money in U. S.
GEORGE w. HINMAN.

CHICAGO July I5n the behalf of the American Bankers
Association L. A. Traylo Of Chicago announced yesterday
the appointment of commission examine and report the
question Of Fiat money in the United States
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1922-10-20

Quite number attended the
meeting. of the G. A. Il. and the
W. L. C. at Barnet Saturday.
A dance WIS given by II. A.
Blair on Tuesday evening at
Brookside hall. A good crowd was
in attendance.
4 Sunday school conference was
held at the church Saturday, Oct.
IA. MI. Robins, state secretary
wa present and a very interesting
meeting reported.
Miss Susie Hood of Topsham
was week end visitor at Y. f.
Lambs.
Miss f. G. Prentiss expects to
close her bungalow at Hillcrest
this week.
The chicken pie supper on We'd
nesday evening, Oct. II, under the
auspices Of the church aid was a
great success. The men who had
ii in charge were, Fred McPhee,
Charles Stewart and Ernest Mill
gan. The hall never looked more
attractive with it decorations of
autumn foliage. A musical pro-
gram was given and remarks of
Rev. w. A. Warner.
Nh. and Mrs. |. +. Dubois have
gone to Lynn, Mass, Miss Hunt
who has been boarding at +. j,
Hobarts returned home with them.
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1922-10-20
Whist Party for
st. Al0ysius Church,

A whist party, planned by the
choir of st. Aloysuis church to Sc
cure funds for a pipe organ
motor, was very well attended
Thursday evening at Pythian hall.
Nearly 100 passed the greater
part Of the evening in card play
ing and in listening to the fine en-
tertainnent, which had been pre-
pared by the st. Aloysius choir
under the direction Of Mrs. James
Cosgrove. n
Following the card playing, 4
splendid lunch was served. Miss
Lillian Richards sang accompanied
by Mrs. John Hinch. There was
a violin solo by Edmund Leary,
who was accompanied by Mrs.
John 2. Tielney.
Messrs. Frank o. French and
Morton II. Starr furnished the
fireworks at the close Of the pro-
gram. They made a big hit with
the audience and were obliged TO
return for encore after encore.
Mrs. Leo Roach won first prize
at whist, among the lady contest
ants while Joseph Cormier led all
gentlemen contenders.