davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-08-20
South Bend Traffic Cops ProUe
Big Advertisement for City In
Courteous Treatment to Drivers
Men Semaphores Busy Corners Ever Find Time Favor
Motorists or Pedestrians Caught in Swiftly Moving
Stream of Automobiles

Bend has a traffic force which can
compare with that OF any city OF
the same size IN the country.
Courteous Cops.
Why" said a middIe-aged wo-
man, who had just stepped out Of
a large touring car bearing a New
York license. IF South Bend should
never be noted for another thing.
its traffic officers and speed cops
should go down in history. We are
on our way west. you know. and In
an attempt TO make this city before
n grew late, we were travelling at
a speed "A little greater than is our
custom. When We entered the outer
limits OF South Bend we continued
our steady gait and were clipping
10 of at about forty miles an hour
when motorcycle cop drew along
side and ordered Us 20 stop. There
was no doubt but that we were
speeding and we readily admitted IL.
We explained our case 10 the officer
and he. with a polite warning 10 be
careful and not do il again, launched
into a conversation as to where we
came from. our destination, and
how we were enjoying our trip.
ut took US completely by sur
prise. you know. He was absolute
l ~ the incest officer I have ever met.
and my husband remarked OF the
| courtesy shown US. Where we come
! from II Ia just the opposite Es-
peciaIly. when parties outside the
state are concerned"
That spoke well for the South
Bend speed cops. but a walk down
Michigan street 10 the corner OF
Washington av., gave even a better
example Of the caliDro of men tina.
! compose the South Bend force.
Interest In All.
a poor old lady, who appeared 20
/ be anywhere from 20 10 so years OF
age. had started TO cross Michiga n
I st. from the Central Drug store TO
| Elbel Bros. when she evidently be-
\ came confused by the heavy traffic
/ which floods that corner.
Hundreds OF pedestrians who
| were passing this point at the time
evinced no interest in the old lady
or her plight. The traffic officer
however, seeing that the woman was
| confused and fearing that she might
be injured in the rush. ordered the
| traffic from all directions 10 stop
and approaching the lady. took hel
by the arm. helped her 10 the CD.
posite sidewalk and, after tipping hi,
hat 10 her IN a courteous manner
ordered the traffic 10 resume It.
! course.
IL is such cases as these whicr
form the best advertisement in the
world for this city and the people
who reside within its limits Tour
lists never forget the courtesy shown
/ them and are only too eager TO pass
/ IL on 90 others.
According TO the verdict Of those
from other parts Of the country. the
local police force is only TO be com
meuded
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-08-20

Bend has a traffic force which can
compare with that OF any city Of
the same size IN the country
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-08-20

Seven hundred % the 1853 cars
IN Alexandria. Egypt IN 1921. we're
81 American make.
The New York herald., 1922-12-03
CALENDAR MADE UP

Weeks. gave highly officia1-or highly
officered-luncheon for Commander
Alvin Owsley. the new head of the
American Legion, at the Metropolitan
Club. The party included the Secretary
OF the Navy. Mr.. DENLY. and IL he was
sore at his host for having complained
of the Annapolis boys too hilarious
celebration. or drowning their sorrows,
or whatever 1t was, after the game In
Philadelphia last Saturday, he did not
show ii. At least / am assured he
didn't. Vt was company almost en-
tirely made up OF department secretaries
and assistant secretaries and generals
and things.
Secretary and Mrs. DENLY, by the
way. were the bright particular stars
OF dinner which Mrs. George Bar
nett gave in her house on Bancroft
place on Wednesday night. They have
gone over TO Baltimore to-day for the
Army-Marine Corps game, taking their
The New York herald., 1922-12-03

young cousin. Miss Garfield, with them.
and expecting TO be back tonight.
Mrs. DENLY naturally headed the re-
ceiving line at the Navy Relief Ball
Thanksgiving night, and. of course.
Miss Garfield was very much In the
limelight, and the limelight was not
unbecoming.
Mrs. Barnett's dinner was perhaps
the last she will give in her Bancroft
place house this season. She Is going
West soon to join Gen. Barnett, who
has general supervision OF the Marine
Corps in the Pacific coast stations.
And she has rented her house TO Mrs.
Leander Mccormick -Goodhart. whose
place. Langley Park Ca lovely subur-
ban estate away out southeast, where
big. handsome suburban places are not
so numerous as they are northwest)
was burned down about week ago.
The young Peter Drurys have bought
The New York herald., 1922-12-03

from dinner parties. but not a few
came from the theater. They had been
down helping either the national or
Polls to reopen. Washington has been
awfully hard up for theaters. and in
lesser degree for bathrooms. The
crash of the Knickerbocker and the
devastation IL spread and the subse-
quent careful inspection of every place
OF amusement in town resulted In the
immediate closing of a good many for
while and in the complete overhaul
ing of the two largest, the National
and Polls. They were allowed to open
again Fast season with certain reser,
vations as to numbers and the use or
galleries and finish out the season.
But both of them were closed as early
in the spring as they could arrange
their bookings and were turned over
to the builders and completely made
over.
On Tuesday the Secretary OF War. Mr..
The New York herald., 1922-12-03
Most of Evening Entertainments Are Preceded by
!. Dinners-Navy Relief Ball Thanksgiving Night
! Gala Event-Other Holiday Activities.

bassy and Nine. Geisser Celesia. the
Charge d'Afraires Of the Rumanian Le-
CATION and Nine. Nano. Representative
and Mrs. John Philip Hill Of Maryland.
Mr.. and Mrs Cornelius Vanderbilt.
Jr., Mr. and Mrs James NJ. Beck. Jr.
the Carlo Huntingtons OF the Italian
Embassy. the George Posts of New
York. the Kwapiszewskis of the Polish
Legation, the Allan Dulleses. and ever
so many more, TO say nothing OF the
whole bunch of buds "and men to
match
Ever so many came up. not merely
The New York herald., 1922-12-03
DE UP PRINCIPALLY OF DANCESM

quaintances. and dancing, II one cared
for dancing.
Mostly the Administration circle
spent the day quietly. or course II was
quiet at the White House. From cur
rent newspaper reports one gathered
that. there were wonderful turkeys adj
vancing on the Executive Mansion from
all directions-milk fed. hand picked
turks. every one OF them. Proud COB
blers weighing from twenty-five pounds
up. Forty pounds seemed the favorite
weight. / haven't an idea what the
President did with them all.
The Vice-President and Mrs. Coolidge
Continued on Page Ten.
The New York herald., 1922-12-03
~"
FOR
COLDS.

"Seventy-seven" for Colds
and Grip, Influenza, Catarrh,
Pains and Soreness in Head
and Chest, Cough, Sore
Throat and General, Pros
tration and Fever.
To get the best results take
"Seventy-seven" at the first
feeling of Cold.
Doctoring Book mailed
free.
Price. 3oc. and 800 AZ ADrug stores, or
sent on remittance or COD. Parcel Post.
Humphreys Homeo. Medicine Company, 1856
William Street. New rork.
The New York herald., 1922-12-03

Continued on Page Ten.
The New York herald., 1922-12-03


Reduced Prices Range from $915 $780, o. b. Factory
The New York herald., 1922-12-03
spend Thanksgiving Quietly.

Thursday OF course was ThanksCiv-
ing. and everybody had plans. though
none of them seemed very elaborate.
And there was the Navy Relief Bari in
the evening to take everybody where
there would be lights and life and
laughter and we'll dressed people and
a certainty of meeting plenty of ac-
The New York herald., 1922-12-03

a house almost opposite Mrs. Burnetts
on Bancroft place and are comfortably
established there with the baby. She
was Marguerite Simons, daughter OF
Mrs. c. C. Calhoun by an earlier mar
riage.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-05-09

l.. l.: chew and s"n Limd"l ""r" ~
Wh"viius M-I,iHy artcr.d.mp The iun"r"i
+ Mr.. Em... uncle. Th"mAN g. May
bury
Hart Gordon. IF Power, ""a a "eIS-
burg visitor Sunday.
Miss Lillian Lewis has accepted 4
position with the Scott Ice Cream com
panE.
Miss Roxy FIuhar;%. of Bethany Pic.
ana John silver. of bethany. were IN
Avclla. Ia. Sunday. the guest OF
friends
Miss Minnie Linton spent Sunday
with friends in Wc!lsyill". rhi".
Mrs Joseph Isingh"od and sister
Mrs. sam Smith. Of P!crcc'S Run, were
shopping in WcllSburE Monday morning
i L. Curran and daughter Peggy, OF
Canton, Ohio. visited Sunday at the
home Of John ODonnell, Of North
Charles street.
Mr. and Mrs. Charles +. Gull"ttc. Jr.,
and son Thomas of Carnegie. IA
rotur"d to WrllshurE Sunday and
visited with Mr.. Gullettc's parents. Mr.
and Mrs c. Il. Gullettc. of Pleasant
avenue.
Dr. Z. NJ. Cummings, of Pittsburgh
visited Sunday with his parents Of
IIarkcr Place.
Mrs. A r.. Proctor and daughter
Betty, of Wichita. kan. arrived in
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-05-09

W,,lshurE recently for visit Win
Mrs. Pru.tor'S aunt, Mrs. l.. i. laSSH
want. Of Yankee street. They stopped III
Grafton. ". Va, for Il three weeks
visit with relatives before coming 10
this city.
Louis Passavant visited his mother
in Pittsburgh, over Sunday.
Mrs Agnes Poth and Mrs. NJ Rod
gers. Of Wheeling, were guests Suhdas
at the homo of Mrs. Ida Neville OF
Charles street.
Mrs Joe Smith, Of Washington IlKe'
was a Wcllsburg visitor Monday morn
III.
Mrs. y. T.. Vcrmill!on visited Sunday
at the home Of Mr.. and Mrs. Nhee!eF
| Tarr. Of brilliant, Ohio.
Miss Florence Sclincr was the sunday
guest of friends in McNcchen.
DR.. W. IT, Cramhi"it. of bethany
was 4 business visitor in Pittsburgh
Monday.
Mrs. r.. \. HoOher visited friend IN
| Wheeling Monday afternoon.
Mrs. Lulu Hubvs and daughter MISS
| Wilma Of Moundsvillc, were the guests
Sunday at the home Of Mr.. and Mrs
| y 4. Love, Of Franklin.
Miss; IIilda West, Of Commerce street,
has returned home after short viSi;
| in Wheeling.
Mr.. and Mrs. w. H. Cook and daugh-
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-05-09

Iy,Irs;hrrt~ ha.: also entered the meeting
and should @Itu good account Ct
Itself
Kiwanis Luncheon.
The rrLU.ur weekly program az IN"
)ijwanis club for Tuesday VII consist
Of 4 talk ~ !. {. Str"cbcl Of Wheeling
MIR Siruc5yI is considered an. expert on
radio wuvl, aud has = wide experience"
with ether waves. In view OF the IN
crrasiul; I""1! iutcrrs; in this new d.
vice. his tall, should prove entertaining
10 many.
Among the Leaders.
David Jor.s. native Of this city and Il
student =; Nnrsai.:uwn, IS making len
nj, HISTORY fer that institution. having
lost but o#c intercollegiate game TINS
..,,snn. lie Won his match with Uni
yrrsI,y and lit and ThlrI college, but
dropped Il game 10 Allegheny.
To Organize.
Local Fishermen and hunters viii as
sen,lI. on Tuesday evening in the city
building for the purpose OF organizing
the Brooke county chapter Of the wild
I.iIo league. All Sl"gtEmcn and others
who are interested in the protection OF
fish and game n this county are eligible
for membership and invited to be
present.
wousburg Briefs
Mr. and Mr.. l.. j. keliar and daugh-
Ter Gloria. -! Sew York city. are guests
at the home Of Mr.. and Mrs Samuel
George Of Twelfth street.
Mr.. and Mrs Miil.ud H"yd. - +"
run:n. ohio. are the weekend visitors
ut the homo Of Mrs. B"yIs parents,
Mr.. and Mrs. {. II. Kyle, Of North Main
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-05-09

ter. Vida Fay. were among the visitors
in S:cuhenvillc Monday.
Mrs. r. G.. holland, daughter OF w. H.
Tarr, Of Main street, is Improving from
4 two weeks illness Of Ia grippe. e.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-05-09
Goodbye Boils!
S. S. S. Will Rid You of Boila, Pinp'eS
Blackheads and Skin Eruptions.


A boil Is n volcano. your blood 10
SO chuck full OF p"iSons that these
boil" out into a boil. They'll keep
Ruiling up" until YOU destroy them
completely by tho use OF s ). s.. ono
Of tho most powerful blood -Cleanscrs
known to SCIENCE. 5. s. $. has stood
tho test II time. The power Of Its
ingredients IS acknowledged by auth
critics. It's medicinal ingredients arc
guaranteed ~ he purely vegeta b q
Right Oft. il clears H." Ska OF PIN
Piles, boils blotChcs. hlaCkhcads. acne.
eczema, rash and other skin erupuone.
and does Il thoroughly. II drives out
|of the blood Impurities which cause
makes the blood rich and
pure builds up lost flesh. Il h"lnS to
Manufacture new blood Crlls.-hats
one Of its secrets. :. :. :. l. S"li NJ
al drug stores IN two sizes. Tho !Ar-
ger size Il the MvIe ecVAQMicd+
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-05-09

Mo- Yet Captured

N'.h.iira "c!lrcr$ 90 the law are
ca:arir., 81, HI: trail Bert STarks. con-
vic. %. e.. tate prison WAC escaped
Sa."risv m:,@.:ht has n"i "; been
a-.ur.l :. y Hr'SoH. another ""nFl'''
win. r.;. .,.:'c.' ri: "S"ar" along with
,;i~r%s. W. captured about fouT miles
49, &C." ~" ety. SPARKS - h"'"N"d u
nav" 'nl,.a .",.h.r route and ';'n" down
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-05-09
Reld "Gusst" Evening

Hdld "Guest Evening
Tho Womau's Adult Bible class ana
m, hrn. department of the First tTeS-
S,tcr,an church held guest evening At
he hr;n" u Miss Edna Th"Hrp$on on
Tomltusoa avenue last evening. Follow
su= IN entertaining program delicious
REFRESHMENTS were served and MOST
rri.Y.hle zine was spent in Socla!
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-05-09

This morning a. 1850 "'csoch from
the p. e. Lutss 4 Son undertaking par
lors will be held the tuUcra, So. .,"s
for the late Mrs. Julia HaynIn. uEtd
o. who died a. her home cornCc Twelfth
street and tpyette avenue SUNDAY alter
noon Rev ". G.. Hare OF the Baptist,
church will onIc.at". The remains viii
laid at rest at the Mount Rose CEN
.,ery.
Plan Memorial Mass
Tn. ex.sery.ce mea Of The ST. Francis
New-York tribune., 1922-09-17
Wheat rices Hold
Steady as Traders
Await War Action
Technical Position of Mar
ket Weakened by Short
Covering ON Near East
Scare; Changes Are Small

CHlCAGO,S Sept. 16.-The wheat mar
ket assumed a waiting position to-day
and price changes during the greater
part of the day were narrow, the clos e
BENG net unchanged for the Septem-
May.
The cables from abroad failed to
oisclose any undue nervousness over
the political situation, and the war
scare which caused the sharp advnce
IN prices on Friday seemed to be sub
siding. At the same time, the trade
was not inclined to press the selling
SIDE, and shorts We're fair buyers for
over the weekend, 1t was the pre-
Vallng impression that unless the for
elgn situation assumed more serious
aspect over morrow or foreign ccun-
tiles bought wheat more heavily, the
chances were in favor of a further de-
cilne, as the technical position of the
market was thought to have been
weakened by the active covering which
had taken place.
The Winnipeg market disclosed =
heavy undertone throughout the dav
and final prices there were q to Il
cent net lower. -
Price changes in the corn market
were confined within a range of about
e cent, and at the close values we've
ret unchanged to 4 cent higher
There was little new feature in +ba
market '
New-York tribune., 1922-09-17

up, and were about at %se peak Hs'
month, partly as a result Of ta'ss
factors: the influx of gold, the hes"
investment buying and the dupll'ss
tion of deposits resulting of idle iasse
from the country banks being 'e's
posted in the cities.
Of course behind these ststlsssa1
pictures are the broad facts thai 8
United States. the greatest crsd''es
nation of the world, comprise =
largest reservoir of gold and raw ~
teriais in the world. For the last sss'
and one half New York has eass's
tanced ondon as q financial lese'.
Compilations by the Federal Ksse.',
Bank of New York and The Lohass
Economist" show that 1873, ,7Ssse00 s
foreign securities were sold IN s.s
York in these eighteen months WIZ
S949,0l1,o00 were sold in London.
In summary, we seem to be ise'ss
better business conditions, ana, sa
industries are interdependent, the ~.
motive industry, after the ssassss
ought to reflect in full measure s..
general return to prosperous Ass
conditions.
New-York tribune., 1922-09-17
Present Point in Cycle

In focusing attention on the financial
outlook, may I be permitted to cite a
lew barometrical statistical facts that
VIII help US to orient ourselves-to
focus in our own minds the place in
the present phase of the business cycle
which we occupy. y +
Since the anxious days of the fall Of
1920, when it seemed doubtful whether
the legal reserves of the. Federal Re-
serve banks could be maintained, there
mas been spectacular easement Of
credit. Money is now available in
abundance. As the crop moving period
approaches, Secretary Mellon, shrewd
Judge of the money market, success.
fully fioated this week $500, ,00O, 900 Of
one-year Treasury certificates of in
debtedness at 3s4 per cent, Il low mark
previously attained last June when con
ditions wer feasier, compared with the
New-York tribune., 1922-09-17
Changes Are Small,
Trend Irregular,
I'm Cotton Market
Disturbing Factors Result III
Movement TO Even Com
rniaments Over Week
End; Print Cloths Active

Nervousness over the situation in
tne Near East probably increased the
disposition TO even-up commitments
for ever the week end in the cotton
market yesterday. Fluctuations were
correspondingly irregular, with rallies
from an early decline, followed by re-
newed weakness in the late trading.
December contracts sold up from 212c
to 2l69c, but late t~broke to 21.45c and
closed at that level, with the general
market closing barely steady at net
decline of to Is points.
This Is the season of the year for tropi-
cal storms which sometimea though not
frequently reach the cotton belt and cause
some damage to grades of open cotton. II
not an actual loss of pie, The disturb
ance reported yesterday was tor faf dis
tant TO constitute any Immediate threat,
but the trade is always more or less nerY-
Gus when there is such storm within the
range of observation. and there was some
apprehension that il might develop over
the week end. Sales Of print cloths in the
Fall River market were estimated at 300,
coo pieces, and II was said that the bust
ness in Fall River and the local market
combined had been heavier for the week
just ended than at any previous time for
months. This had sustaining influence
on the market IN connection with the re-
ports of continued steadiuess in the spot
many expected to increase In volume as
picking becomes more general.
southern spot markets as officially re-
ported We're unchanged to 13 points lower,
The local market for spot cotton was
quiet and 10 points lower at 2l.5oc for
iniddling. No sales were reported.
The range of prices:
New-York tribune., 1922-09-17
FINANCIAL MEETINGS
THE CHkSAPEAKE AND OHIO
RAILWAY COMPANY

RAILWAY COMPANY
Notice of special Stockholders Meeting
Richmond. Va August Is. l4l
NOTICE is HEREBY GIVEN that sps
ciat Meeting OF the Stockholders q rs
Chesapeake a7d Ohio Railway Company hss
been cs led bs the Board Of Directors Of sl4
Company to be hel6 at the principal ora &
the Company, IN the City Of Richmond, VIZ
einia on Tuasdey y. the 26 h day Of Ss2,ens
ber. 1922, a IL 90 o'clock 4. Vi. for To-
following purposss
(a0 To consider and act upon : prs
posel 20 increase the Companys csPiia
stock bs the addition thereto Of stock >
the par amount of $4,000 0oo, to y
divided into 500 900 shares of the "a.
value OF Si0o each so as 20 make ths to;s
authorized pa amount ut sucn cspEh
stock s1s5. 900 coo, consisting Of l'sSeesa
shares of ;he par value VI Sles each. sl,a
increase Of capital stock 10 be q s9s
class or classes. with such iesirratiors
preferences . nd voting powers. Or sssN,,ss'
tons or qualifications thereof, q
stockholders at said mesting snsa -
termine Oi authorize. a7d sIseals4tss.
without limiting ths generality o ~.
foregoing t. consider and act up'h
proposal that the additional capital s,osS
be in the first instance rrefsrtea s'Oss: ~ !
and that the same. or any Thereof % 1A'
Ge convertible into common stocS
(bl To authorize the Board OF Di5ecs'.n, =
OF the Company from time 70 tinis Z
Issue ana TO dispose O. sush r,s ~ rsss
stock on such terms as such boasa lsss ~,
IN the exercise of its lawful diseseeoa
determine -.
(c) To ratity and confirm such sellsis
heretofore taken or authorized oy ~
the stocEhoiders, as may lie submitted !,
the meeting. and 10 take such etne. i.. 81.
further action IN the premises ine.asAss :.
the authorization Of anY necessa.s, i 4
appropriate smendnlent or amenainsa.,sssss.. a.sss. 4.
the charter OF the Company as ths sssss
holders at the meeting may detsfia'''
and -,
td) For the transaction Of such osss, =,
business as may properly come oel'ls =
meeting. -
For the purpose of the meeting the sess :
:ransfer hooks Will he closed at a. s...s II
sridsy. September I, 1928 and renlSls ~ n
1922
BIZ Order Of the Board Of Dirscters..
A. TREvVETT. secrstars
New-York tribune., 1922-09-17
Days Dealings i'm Bonds
The Market

The movement Of bond quotations
was steadily upward during the last
week. The Tribune averages yesterday
showed quotations at the peak for the
year. The trend has been almost unin-
terruptedly upward since July, 1921.
The successful floratlon of Tresury
certificates at "a per cent was inter
rupted as a mark of the abundance of
credit and stimulated bond buying.
New-York tribune., 1922-09-17
per cent rate in the tight days of

6 per cent rate in the tight days Of
1920.
There are several ways of indicating
the present abundance of credit. COM
pared with the inadeuuacv of the sun
ply in light of the demand less than
two years ago. We have already in
dlcated the tremendous rise in bond
prices, which is merely reflection Of
the fact that credit IS now plentiful.
and that interest rates have fallen
toward normal. We have mentioned
that more than s400 100000 of gold
came into the country early this wear.
greatly Increasing the credit basis Of
the American banking system.
Since November 5, 1920. which
marked the peak of loan expansion in
American banking, the discounts and
advances of the twelve Federal Re-
serve banks have shrunken from 81
s26,S25,000 to s4O5, ,083, 900 on Septem-
Der 6, 1922, decrease of S5.7 per cent
On July 26 of this year the balance
OF member banks at the central insti-
tuition was down to S9S0,o00 900. the
highest figure attained since the war.
In New York City the member banks
are virtually without indebtedness to
the Federal Reserve banks, which
means that their capacity for credit
expansion is exceedingly large.
Money Easement
In contract to the conditions of 1920.
when the borrower was humble
creature indeed, and the lender could
have been arrogant if he had wanted
to, the banks in the uptown district
IN New York are now resorting to the
merchandising methods of department
stores to convince men of business
that money is now on the bargain
counter. Between January of this year
and the end of August 791 typical nrem-
ber banks increased their investment
holdings from $4,000, ,O00,O to S4,532.-
100000. This type of buying ability
partly accounts for the tremendous up
sweep of the market value of invest.
-'N>--S ~SAsNS' AhSi0Sitdity lHSSS DGnQ
holdings constitute reserve which
the banks have that can be used for
the financing of expanding trade.
AS the member banks tremendously
reduced their borrowings at the central
banks, the member banks also re-
duced their loans to commercial Gus
toners, but not SO drastically. The
79l reporting member banks had
brought down commercial loans to
81 ,2s5,000 900 on August % last, which
represents reduction of $3,438.000,-
600, or 81 per cent since the peak of
imitation, which was attained on 0c-
toher 5. 1920. The explanation of the
tendency Of loans TO shrink this year
even though the slump in commodity
prices was checked was that the
gradual revival of trade made it pos
sible for borrowers to pay off loans
which had become frozen during the
period of itnense depression.
While loans fell, deposits have held