davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-07-09
new BANK TORESCUE
AUSTRIAN FINANCE
Generally Regarded as
Turning Over Leaf in
Desperate Situation.
SEIPEL A STRONG MAN
Summons Leading Bankers
Of Vienna to Aid in Re-
storing Confidence.
FOREIGN CURRENCY BASIS
Participation Of Institutions
in Other Countries Expect
ed to Aid Scheme.
FOREIGN CURRENCY BASIS

Special Correspondence 10 THE NEW .Yoax
HERALp
VIENNA. June "a. Although one
must be very cautious with prophe-
cies concerning the future Of Austria,
the new and surprising attempt to
save the Austrian crown by estab-
fishing a new issuing bank with a
solid foundation Of foreign curren-
cies and other gold values ought to
be a decisive turn In the financial de-
velopment Of this bankrupt State. In
fact. It Is pretty generally regarded
as the turning Of new leaf. and
whether all the expectations connected
with 1t will be fulfilled or not 1t GER
tainly does credit to the energy and
wisdom Of the new Chancellor, DR..
Seipel, the strong man OF Austria.
The rest of the world will certainly
ask why this decision came so late.
II the Austrian banks dispose Of suf-
ficient stocks Of foreign currencies in
their own safes and those Of their
business friends abroad, why did they
wait so long and let things drift into
such desperate state? There are
many answers to this question. But
the chief reason for the change Of
their attitude Is no doubt the same as
that which induced Seipel to take the
reins Of government into his hands
namely, that the very last moment
where anything can be done at all has
arrived. During the last fortnight the
dollar jumped UP from about 10000
to $4,000 crowns. and all wage earn
ers had the feeling that the last rem
nant of firm ground was rapidly dis
appearing under their feet and that
they would be faced by starvation II
the Russianization process lasted an.
other week or two.
Even a very patient population is
The New York herald., 1922-07-09
ANCIENT PAPERS LOST
IN DUBLIN COURTS FIRE
Documents of 18th Century
Are Destroyed.

LONDON. July s (Associated Press) -
Some conception OF the confusion which
may be expected TO result from the de-
structior OF the -Four Courts in Dublin
was given by Colonial Secretary
Churchill when he told the House Of
Commons that the Courts held legal
ecclesiastical testamentary documents
dating from the latter part Of the thir-
teenth century and some Of earlier date,
all Wills from 1886 TO 1899 and some
later ones. the census returns for the
period OF 1921 TO 1851, and large num-
Der of parish registers recording births,
marriages and deaths.
Scarcely any duplicates exist with the
exception Of some will books and the dis
trict probate registry since 1858. Mr..
Churchill was unable to say whether
any OF the records escaped destruction
In the explosions and fire.
The New York herald., 1922-07-09

bound to lose its nerves undsr such
conditions. II a person has the feeling
that he can lose nothing and perhaps
gain something by revolutionary riots,
such outbreaks can be expected with
certainty. This was the popular opin-
ion in Austria during the last days.
a not quite correct opinion. 1t is true,
but still the arm conviction OF the man
in the street. Something big had TO be
done quickly. II disaster was to be
avoided.
In this desperate situation Seipel ana
his Minister OF Finance. August Segur.
descendant from the ancient French
family of the Count Segur De Ca
banac. convoked a meeting OF the lead
ing bankers OF Vienna and told them
openly that the Government could not
give them any guarantees for the safety
OF their banks or their persons II the
deterioration OF the crown progressed
further and made all reasonable CAL
culations illusory. They stated that the
population OF Vienna would not quietly
accept a state Of things driving II into
abtect poverty and at the same time
enriching the banks. OF which every
body knows that they have boarded up
big treasures Of good foreign money.
Hitherto the argument Of the banks
oednet al minus lndt tney ought to use
portion OF their foreign values for
the creation Of a gold basis for the
Austrian crown was that they could not
do this because they wanted the money
for the repayment OF pre-war debts
and for the raw material purchases for
their industries. This argument, Minis
ter Segur stated, was partly correct. but
II would not be strong enough 10
keep the masses quiet any longer.
On the other hand the banks would
strengthen their somewhat shaken pres
tige at home II they would consent to a
sacrifice on their part. which will very
likely be loss OF a sacrifice than OF
good business.
The New York herald., 1922-07-09
BELFAST CONSTABLES
SEIZE REBEL STORES
Craig Denounces Outbreak OF
Republican BoLsheUiki.'

BELFAST, July s (Associated Press). -
A party of Ulster .constabulary to-day
searched St. Malachy Hall. headquar-
ters of the northern division Of the Irish
Republican army In Belfast, and dis
covered a considerable amount Of i'm
portant documents, records of Irish Re-
publican Army operations. material Tor
committing incendiary outrages. includ-
ing rolls of petrol soaked paper and
rags made up into bundles. several boxes
OF paraffin, forty-nine bombs 100
rounds of ammunition. five rifles, many
revolvers and other equipment.
Skeog House. the home OF a Loyalist
who was dispossessed by the RepublI-
cans. the siege of which has played a
big part in the military operations in
county Donegal for the last week, has
been surrendered to the Free state
forces. George McCallon. leader of the
Republicans. was wounded.
The Republican Bolshevikl have
broken out IN the south, where like a
mighty plague they are causing death
and destruction" said Premier Craig In
message read by Robert Mcbride,
member Of the Ulster Parliament. at an
Orange demonstration, at Glengarnock,
in Ayrshire. Scotland. given out here.
Had the southern people followed our
example and accepted the Parliament
offered under the act Of 1920" contin-
ued the message. "a different state Of
affairs might have existed. The two
Parliaments might have been acting in
friendly cooperation for the good of the
whole country. But the Republicans
animated solely by hatred OF Great
Britain. declined to accept anything
short OF complete independence hence
rebellion and civil war. involving terri
BILE loss of life and widespread destruc-
tion."
In message to another Orange dem
onstration In Scotland Premier Craig
said
The future Is not bright in Ulster.
We have been harassed by imported
gunmen. Hundreds of valuable lives
were thus lost. and property to the value
OF mlliong maliciously DESTROYED. In
the south there is no firm Government
and practically no law and order. De-
fenseless people have been brutally mur.
dered and many have been driven from
their homes and had their property con-
hscated, while hundreds had to fee for
their lives"
The Ulster bin providing for repeal of
proportional representation in local gov
crnment elections was sent TODAY TO the
viceroy. viscount Fitzaian, for sigma.
ture.
Declarations Of fidelity to the north
ern Government by members and offi-
cials also are required under the bill.
These must be made within a month
from the dato Of assent. otherwise the
seats or posts are to be declared for
fcited
The New York herald., 1922-07-09

the day OF the acceptance.
To Stabilize the Crown.
The definite gold value Of the old
bank notes will be fixed later on. when
the budget is balanced, the issue of new
uncovered notes stopped and the rate
OF the paper crown automatically stabil-
lied. Artificial measures will be avoided
as much as possible In order TO protect
! the economic life against sudden shocks.
, II will take at least one year from the
dGte of the opening OF the new bank TO
replace the old currency by the new
one.
The Government Is now considering a
financial reconstruction plan. which
will remove the deficit by new increases
of the tariffs and taxes and radical
cutting of expenses. The governmental
industries most of them inheritances
from the monarchy and the war. will
| be sold to private capitalists. The ad-
ministration OF the state railways will
be separated from the state admins
tration and placed on a less bureau
cratic and more commercial foundation.
The workshops of the railways will be
turned into private factories. There Is
also a possibility that some Of the
monopoliee will be sold or leased to
private companies. The huge army of
! Government employees OF all kinds will
be reduced to a more reasonable size.
The obtaining OF foreign credits plays
still an important part in the policy of
the Government The recourse to self
help does not mean that any help from
abroad that might be offered will be
repected quite the contrary. The Gov
ernnent hopes that it's determined
efforts to get the finances in order will
make a favorable impression abroad
and increase the chances for private
| foreign loans.
The effect Of the issuing bank scheme
upon conditions at home and upon
public opinion in the neighboring coun-
| tries was very beneficial The quota
tions of the foreign currencies on the
! Vienna Bourse went down instanta-
neously. and the rate of the crown in
the foreign markets showed small i'm
provement. The very critical situation
has given way to more quiet mood
The New York herald., 1922-07-09
Foreign Bank Credit to Help.

The arguments of Mr.. Segur had the
desired effect, and within the short time
of twelve hours the issuing bank scheme
was an established fact. The ipterna-
tional relations of the participating
banks. especially of the firm of S.
Rothschild. which figures at the head of
the list. assure its seriousness and raise
IL beyond the level of a mere expert
mental venture.
II is not the first time that the Roth
schilds have helped Governments out Of
apparently hopeless conditions and
earned a decent profit by IT, Among
the other banks participating are the
Oesterrechische Credit Anstalt, which
entertains close relations with the Guar
anty Trust Company and Kuhn. Loeb &
Co., and the Anglo-Austrian Bank, which
Is an English institution. 1t IS said that
they will place at the disposal of the
new bank large sum in Swiss francs.
but the exact amount has not yet been
decided upon.
II will be fixed by special commit
tee of the banks. The banks will raise
part of the necessary capital among
themselves and place the shares at home
and with their business friend abroad
The shares must be paid in gold or gold
values. The new issuing bank will be
endowed with charter for twenty years
and will have the right to issue a
limited number of bank notes based or
gold reserves. 1t Is not intended to put
these notes in circulation at 'once.
The old paper crowns Of the Austrian
section OF the liquidating Austro-Hun-
garian Bank will remain the legal ten
der for the first time. But whereas they
had hitherto almost no gold foundation.
the momentary gold reserves of the
Austro-Hungarian Bank being small,
they will get such a foundation now.
The French credit Of fifty-five million
French francs and the proceeds of the
liquidation OF the old bank will be used
for this purpose After the liquidation
the paper crown stocks and assets of
the old bank will be handed over to
the new one, and the latter will take
The New York herald., 1922-07-09
Rebel Gets Jail Term
and Cat O Nine Tails

IN ELFAST, July s ASSOCIATED
X Press). - Felix Byrne, who
said he was a member of the
Irish Republican Army in South
Ireland and was homo on leave.
was sentenced in the County Down
Assizes Court to-day to seven years
Imprisonment and. in addition, to
fifteen strokes with a cat O. nine
tails.
A policeman testified that at the
defendants farm near Bancridge
he found eight live bombs. thirteen
detonators, hundreds of cartridges
and a bundle of Irish Republican
Army correspondence, showing that
Byrne was a private in April and
an adjutant in May.
The New York herald., 1922-07-09
REDS DELAY "a EXECUTIONS.

RIGA. July 3 ASSOCIATED Press) -
Word was received here to-day that the
execution Of the Petrograd Clericals who
had been sentenced 10 death for inter-
fering with the seizure OF church treas
ures had been postponed The convic-
tion of slxty-four persons OF this offense
was announced in '.oscow July 6, eleven
being sentenced TO death and fifty-three
others to various terms Of imprison-
ment.
The New York herald., 1922-07-09
KIrG TO DISCUSS TRADE.
Cnnada's Premier May Also Take
Up BooticgginR.

OTTAWA. Ont. July s.--The visit of
Mackenzie King. Premier of Canada, to
President Harding and Secretary
Hughes is more Of a general character
than specific. Trade questions are likely
to be taken up. and also such matters
as the enforcement of the liquor laws
along the international boundary. and
possibly matters relative TO the ST. Law
renee waterways proposition.
The New York herald., 1922-07-09

and to hope. The last few days wei
the frst since years on which q
Austrians did not look on their ba
notes with contempt. They are begi''
ming to think that there may come
day in a not too distant future VIII
these multicolored papers will again y
worth something and that II is wis
TO keep them than to part with the.
as quickly as possible
The New York herald., 1922-07-09
NEW AMERICAN BISHOPS.
Rev. Michael Kcyes aud Rev
Francis GiIHiIan Ger differs.

ROME. July s tAssocisted Press).-
Pope Plus to-day appointed Father
Michael Keyes as Mlrtt Bishop Of sa-
vannah.
He also appointed the Rev. Francis
Gilhllan, at present rector OF ST. Louis
Cathedral, as Coadjutor Bishop OF St.
Joseph. with the honorary title Of Bishop
OF Spigaz.
The New York herald., 1922-07-09
To Stabilize the Crown.

them over al the rate OF their value on
the day OF the acceptance.
The New York herald., 1922-07-09
FREE SKATERS ROUT
7SO in REBEL CAMP
Capture Blessington, Ref
uge of Dublin Fugitives,
and Take 100.
SEIZE TWO LEADERS
Regulars Move on Strong
hold Over 20 Mile Front
With Slight Opposition.
GARRISON MELTS AWAY
Menace to Capital Removed as
Survivors Seek Safety
in Hills.
GARRISON MELTS AWAY

Special Cable tn THE NEW York HERALD
Copyright, 1893. by THE NEw Yoak HEaALp
New York Herald Bureau,
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-09-21
GERMANY TODAY
Continued from First Page)

misery caused by the attitude OF
France toward the conquered. Hence
they have linked to common cause
the fanatics, the disdontented and
the lovers of militarism.
The German newspapers, particular
ly the Deutsche Tageszeitung, aid in
driving the masses to despair. They
infuse them with the conviction that
theY have nothing more to lose, no
matter what happens.
Even before the blood has coagu-
lated in the German wounds, there has
been established an almost universe.
determination to reconquer the lost
provin "es, particularly upper Silesia
and even AlsaceILoraine. The o.d
German ImDerialism is far from dead.
Socialists Want Peace But Peoples
Party Revenues.
AS against this attitude of the Ma
tional party there battle the Demo
cratic Socialists and idealiSts who
want to purge the country of revenge,
and who dream Of lasting peace IN
witch the nations shall lie down to-
gether, the lions becoming lambs.
Plus this IS found the Peoples party,
composed of many captains of indus
trv. bold and resnlute men who have
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-09-21
1925 EXPOSITION
Continued from page one.)

is fact recognized in every section
of the state, says the committee.
While there has been much talk about
The need of exploiting the state SO as
to gather new capital and more popu,
lation, nothing of tbs kind has baen
done ma large scale and the states
to the north and south have gone
ahead Of Oregon. California is gain
inv treat advantages through its ex-
ploitation of itself before all parts of
the world Its tourist travel alone is
worth millions Of dollars annually to
that state. The 1925 exposition is a
move to put Oregon in line for similar
development in tourist travel. and ac-
tual expansion of farming. fruit-rais-
ing, stOck-~7iG'"" manufacturing and
all commercial lines.
All Portland asks of the rest Of the
state. urges the committee in charge
of the campaign, is that it give its
approval to the constitutional amend
ment that will permit Portland to tax
itself for the financing of the exposi;
ton.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-09-21
REPUBLICANS WILL
Continued from Page y

held in Pendleton Of eastern Oregon
Republicans it was decided to hold a
state wide meeting for the purpose of
adopting platform providing the
plan met with the approval of the
Republicans of the First and Third
congressional districts, This meeting
was held at Eugene atuSrday and
the plan was unanimously approved.
az think it is very important" said
chairman TooZa, 'for the Republican
party to have platform upon which
its state candidates should run. This
will enable the Republicans of The
state to know what they are voting
fcr. ami viii fix definitely the respon-
sibility of the fulfilling Of any prom
ises made to the people. AS it is now
there are &c different platforms by as
many different candidates and hence
no organized responsibility. This in
q large measure has been the cause ~
many unnecessary tax measures. W.
propose to hold the party responsible
for legislation and we believe we will
thereby get better legislation"
The Eugene meeting was an enthu
siastic one, delegates from every
county pledging supper. to Governor
Olcott in his campaign for reelection
The Governor was present and made
an address at the evening banquet
which was well spoken of by the dele
gates present He said, he proposes
to submit to the legislature definite
and constructive plen for tax reduc
tion and tax equalization and the
plan will be the result of the ex
haustive laborers of the tax investiga
tion committee which he appointed
last winter.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-09-21

financed Germany in the war and
since the war men who are making
huge profits from the revival of in
dustry and who are doing the best
they can to conceal every dollar they
make. While the Nationalists would
be happy with revenge, the People s
group would be content with revenue
Briefly the public mind is kept y.
responsive condition by wise German
economists, ready to be excited in
whatever direction may be most use
full. 1t must and will be moulded to
suit the emergency of the hour, and
that it will respond there can be no
doubt. The lion and the lamb may
lay down together, but sooner or later
there can be only one answer-more
graves, more suffering, more treacn.
cry. and more sacrifice, thinks Lich.
tenberger.
There is no hurry about this thing.
of course. A renewal Of physical war
is not probable in some time. The
first phase of a struggle usually is
political and economic.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-09-21
NEWPORT MAN
Continued from page one.)

only way that this great industry can
be built up and maintained is by i'm.
proving the stock of dairy herds, For
proof of this we have only to look to
our sister county Tillamook that is
now producing over two million dol.
lars worth OF dairy products and is q
leading dairy county in the state,
made so largely by the boosting
qualities of the good citizens of that
county, backed up by county court
that goes the limit for their annua.
fair.
The fair grounds should be en-.
laTged. The coutnv Should purchase
more land and build more. better and
permanent buildings The ground
should be drained and sidewalks built
so that little Oregon mist would not
keep people from visiting the annual;
fair The people and the county court
should get sTuarely beehind the fair
board and lend every assistance DOS.
sible The date of the fair should be
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-09-21

only few days before the meeting of
the state fair, and the best exhibits
should be taken to Salem in charge of
a live wire. Then Lincoln county VIII,
begin to get results.
The Improvement of the dairy stock
in Lincoln county is really noticeable
during the past two or three years
The splendid work and untiring ef-
forts of County Agent, Cooter has had
much to do with the improving OF
farming conditions in Lincoln county,
and anyone who ever questioned the
wisdom of employing a first class
county agent at good salary, such
man as Agent Cooter, after seeing
the results in Lincoln county, must
now change their minds. The Lincoln
County bank and others who aided the
boys and girls in getting start in a
higher class Of dairy stock should
have the hearty thanks Of every pro-
gressive citizen.
Now let's all get behind the Lincoln
County Fair and make it the best
ever.
B. r. JONES.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-09-21
TOLEDO SCHOOLS
Continued from page one.)

lni.d grade-Miss Jean McDon-
aid
Second grade - Miss Ardinel.e
Cl.rl,p
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-09-21

D;str No
Of
RESOURCES
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-09-21
REPORT OF THE CONDITION OF THE
LINCOLN COUNTY BANK


the State
l. Loans and discount including 20
g. u Government securities inclading those
items 30 and 35, If
Other bonds, including foreign
municipal including
in iemsSO and35
Banking house. $4,000 00 furniture fixtures 160S2
ab Cash hand and due
trust companies designated and approved agents Of
this bank 25 04
sos1s
H. Checks reporting
2575
TOTAL S57O424 As
LIABILITIES
IT, Surplus 100000
Undived expenses,
interest and paid $951957 726
DEMAND DEPOSITS other banks, subject to
cities or other
to items 49, "a, 25 26, $4S24O729. ~
TIME AND SAVINGS DEPOSITS TO reserve and
able on demand or subject to notice:
Time certificates OF deposit outstanding 4547O26
deposits payable 23S0565
TOTAL . "a
State Of Oregon, of Lincoln IS .
j. Booth cashier of the named bank do solemn swear
that the above statement kAowdge and belief
J. B. BOOTH Cashier,
CoRRECT-Atest C. E HAWKINS, c. O. HAWKINS Directors
Subscribed and'swom
G. .McCLUSKEY, Public
commission expires Sep. z. 1928
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-09-21

the Toledo schools for the coming
term Professor Shave stated: 81 SIN
cerely believe that the coming school
term will be the most successful /,
the history of this city. The people
as a whole have shown splendid
spirit of cooperation and | am more
than pleased with the outlook. The
school board is made up of men who
! have the interests of the schools at
heart and they are bending every ef-
fort to provide the best possible edu-
cational advantages for the boys and
girls of the community"
The members of the school board
are r. A. Anderson, Sherman Bate
man and G. B. McClusky; l.. M. Starr
is school clerk.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-09-21
lTlde-NlSS IT'S Akln.
large List of Courses.


That the local high school is an in
sr.tCt!un C. crit is evidenced by the
fac that practically every advantage
otisled IN similar institutions in larg
er communities & cities are to be had
here. The school board has spared nc
eHa.gy to give to the boys and gir.s
OF this county the very best educa
tional advantages and, with this end in
view, they have planned to make
school work this year as practical
and comprehensive as possible.
The courses Of study to be had at
Ne high school this year are as fo.-
lows: English, algebra, commercial
arithmetic, geometry, history (Ameri-
car Med eval-Ancient), civics general
science physics, botany, Latin,
Irench. Spanish, home economics,
N. lual training, mechanical. drawing
bookkeeping, tipping and teachers
trsin.nE.
Ne" Equipment Being Installed.
The Home Economics department Ia
hoing equipped with range and COM
rletely modern appliances of all kinds.
new sowing machines will son be in
stalled: mechanical drawing is being
introduced in the manual training de-
pa imenf.
Gymnasium Ci7soes.
The need of physical exercises in
III a.hC0,v has not been overlooked
h- tue school board Miss Ard'nelie
Clarke, teacher OF the second grade,
W. have charge of gymnasium classes
for girls while Professor Shave will
ta'-o cave of the boys along this line.
Mss Clarke took special training in
gymnasium work at the university this
summer.
superintendent Optistimic.
- ,NOaknr O. the prospects for