davidaulloa/AmericanStories huggingface dataset:
Great Falls tribune., 1922-04-15
IOAN|NC POLICY Of BANKS
NOT GOVERNED BY FEDERAL
Former Reserve Manager Tells Ad Club Board
Without Jurisdiction Over Members
Loans; Says Confidence Needed

Banks confronted with the need Of
refusing loans have unjustly passed
the buck" to the federal reserve sys-
tenn, G. /. Carlson, vice president and
manager Of the Commercial National
bank, told members of the Ad club at
luncheon Friday at Hotel Rainbow.
Mr.. Carlson was formerly manager of
the federal reserve bank at Helena.
There is nothing in the federal re-
serve act which gives either the fed
raj reserve banks or the federal re-
serve board any control over the loan
policy of any member bank" he said.
"A federal reserve bank cannot compel
a member bank to make loan which
it does not care to make, nor restrain
it from making loan it wishes to
make, even though it is forbidden by
law.
Avoid Enmities
There is a general misconception
regarding this. Banks as rule do not
like to admit to customers that they
are short of loanable funds, nor do
they wish to arouse enmity in declining
to make loans or in asking for reduc-
ton Of loan already made. Some
bank officials are able to decline a
loan application without leaving a
sting. Some are frank, but their blunt
ness hurts the feings of the would-be
borrower. They must have someone to
whom to pass the buck and in these
days it is the federal reserve bank. In
former years it was the banks local
board of directors"
Mr. Carlson sketched the relation Of
the strength OF the banks to the
system.
LAS the federal reserve banks are
made the sole custodians of legal re
serves Of member banks. the object Of
congress in throwing safeguards and
limitations around their loan trans
actions is evident he said. The
strength of the entire banking system
i'm the United States is directly related
to the strength Of the federal reserve
bank. If the federal reserve banks should
be allowed to get into a weak, unsafe
or overextended condition, all member
and nOn-member banks would be seri-
ously affected.
Cannot Leigsiate Against Loss
The federal reserve system does not
insure against failure of banks. I'm
pressions to the contrary have been
current No legislation can prevent dis
honesty or fraudulent operations or
losses brought about through cOndi-
tons not under human control. This
much can be said for the system-nO
member bank that is honestly managed
and whose loans are of such char
acter as to make the paper eligible
for rediscount. need have fear of
failure No deserving member bank that
has sufficient amount of eligible
Great Falls tribune., 1922-04-15
Pondera Petroleum
Company Is Formed

Articles Of incorporation of the Pom
dara Petroleum company. organized by
Greet talls. Cascade and Conrad capi-
tai, were filed Friday in the office of
County f,lcrk John e. Moran. The in
corporators ana directors are ]. B.
Taylor. Cascade: John f. Dawson,
Great Fails; II. Il, Bancroft. Cascade
r. H f,uart Conrad; and W. III.
Hoover Great Falls.
Great Fail, is named as the princi-
pal place Of business Of the corpora
ton. which il to exist for 40 years.
The company is capitalized at 100000.
each of the ,o0o shares having a par
value of $100 The amount of stock
actually subscribed Is 30 shares. each
of the directors owning 10. The stock
is -asscsSIble.
Great Falls tribune., 1922-04-15

paper has been deprived Of needed as
sistance in time of stress.
Credit signifies trust. confidence,
capacity and, back of it all. character
! Confidence seems to be lacking At
present If the general public had con-
| fidence in the banks instead of with
| drawing funds to be carried or buried,
the situation would be better. No one
man of us is swinging his full reach.
We're limiting our attack to the elbow
punch. Fear is the cause, fear OF
something-we don't know what-that
will get inside our guard if we are not
between man and man as well as be-
tween nation and nation, then watch
us come back and clean up some of
the big jobs before us.
Condemns Rum0rs
Bank failures at this time are not
necessarily due to carelessness, but to
circumstances which cannot be avoided
and to lack of confidence. There are
some closed banks in Montana now and
recent failures have not been due to in
solvency, but because they have been
unable to collect of their borrowers.
and when they are in that position and
required to stand withdrawals of funds
for taxes and so on. they naturally
run out of funds and suspension fol-
lows. Restored confidence and crop
or two will place the banks in good
condition. Spreading rumor is disas-
trous, especially rumors not founded on
facts. Be a gatherer Of information,
not peddler."
Bob Day of Monarch told details Of
a possible plan to make the western
-four gallon hat the state emblem Of
Montana. He proposed that the hat be
made and sold only in Montana.
The club approved plans of the
Music Art association as placed be-
fore the Round Table of civic organiza-
tiOns, and also the membership drive
of the Commercial club.
Club Collection Near
Scott Leavitt, president, named as a
nominating committee, William Moerl,
w. B. Armstrong, Byron Yates, II. A.
Tinney and w. II. Carr, to name, PRIOR
to the election in May, two candidates
for each club office. G. T. Gregg, Sec
retary, was introduced as the new ex-
alted ruler of the Elks.
Announcing the programs for the
next three luncheons, Mr.. Leavitt nam
ed special turnout committee"
consisting of w. W. Huntsberger,
Joseph Tracy and Ben Comings. for
the resources program April 2S J. e.
st. George Of the Stone Ordean- Wells
company. will be the speaker next week
on demonstration advertising and G.
w. Towne, publicity director for the
A. C. NJ. and Montana Power com
pany. for May 5.
Great Falls tribune., 1922-04-15

Great Falls this Saturday morning.
Mrs. w. E. House, who has been
visiting her mother, Mrs. w. D. Cur
mutt of 7O3 Ninth avenue south, left
Friday afternoon for her home at
Belt.
Mrs. John Freeman. who spent the
last three months visiting relatives in
the east, has returned to her home at
Belt. She spent a few hours in this
city Friday.
Mrs. L. G.. Marshal and daughter.
Virginia, and Mrs. G. Stevenson. left
Friday morning for their home in
Roundup after visiting relatives here
for several weeks.
A. P. Heaney, state distributor Of
Velie automobiles, will go to Butte this
Saturday morning to unload ship
ment of cars that are to be shown at
the Montana automobile show there.
Mrs. William Stratton, who has been
visiting her daughter at Lewistown,
spent few hours in Great Falls Fri
day, leaving in the afternoon for Sand
Coulee. where she will visit at the home
of another daughter.
Mrs. O. A. Pennington and daughter.
Beth, arrived in Great Falls Thursday
morning from their home at Wolf
Point for a two weeks visit at the
home of Mr.. and Mrs. L. c. Penning-
ton, 1919 Sixth avenue south.
A special electric light attachment
for a sewing machine has been devised
and put on the market.
Great Falls tribune., 1922-04-15
First Oil Company
Controlled by Women
Files Incorporation

Special to The Tribune.
Lewistown, April 14-The first oil
company to be incorporated and con
trolled entirely by women filed its arti-
cles here Thursday. this being the
Grass Range Oil and Investment COM
pany, capitalized at S50,oe0 The in
corporators are all prominent women
of Grass Range and vicinity, Myra |,
Miles, Lizzie Hedges, Tena French,
Ebba Mackenzie. W. Louise Dengei
and Blanche Burt. The company owns
promising acreage in the Grass Range
district and elsewhere, it is understood,
and the women at the head of it will
undertake to bring about its speedy
development.
Great Falls tribune., 1922-04-15
Standard Geologists
Inspect Big Areas
on Canadian Side
SneciaI to The Tribune.

Special to The Tribune.
Calgary, April III, T. Chase of
Billings and z. L. Ickes, geologists in
the employ of the Standard Oil COM
pany. were visitors in town recently.
They intended leaving for the south
10 inspect several properties controlled
by the Thompson Oil company. consist
ing of four blocks, comprising from
5000 to 5000 acres each.
According to Mr.. Chase, the recent
strike at the Kevin well has been re-
sponsble for renewed activity on the
part of oil men in the Sweetgrass Arch
country, not only in Montana but also
on the Canadian side of the border.
Great Falls tribune., 1922-04-15
Open Dining Room
for Use of Veterans
Bodies of Great Falls

The new dining room of the Veter-
ans hall was formally opened Thursday
night at the meeting of the United
Spanish War Veterans, when a short
program was given and refreshments
were served in the new room. The
room, which was arranged for the use
of veteran associations for banquets
and dinners under the direction of w.
e. Stumme, commander. now has ia
bIes and kitchen equipment needed for
this purpose Mr. Stumme provided
The refreshments served the veterans.
Great Falls tribune., 1922-04-15
Leavitt to Talk
to Travel Club

Scott Leavitt will give his illustrated
talk on the tour Of the national parks
at the meeting of the Womens Travel
club at Edison hail. April 81 The talk
will be illustrated with slides Mem
bers of the club who have visited the
parks will give brief sketches of each.
Great Falls tribune., 1922-04-15
Dirks Has Resigned
From Bank Committee

A. 3. Dirks of the Dirks Agency
company has resigned as a member of
the reorganization committee of the
American Bank and Trust company and
the reorganization offices have been
moved to the office of A. H. Gray and
consolidated with those of the depos-
itors' committee. The resignation of
Mr.. Dirks was forced by the urgency of
other business matters. he said
Great Falls tribune., 1922-04-15
SIXTH LICENSE ISSUED

Especial to The Tribune.
: Lewistown, April 1.-THE sixth
marriage license to be signed for April
has been issued to Elijah B. Stngley.
"a, and Miss Ethel B. Bsgers, Is, Of
Winnett
Great Falls tribune., 1922-04-15
TO MAKE DRY SPEECH.

Special to The Tribune.
Livingston, April 14.-Captain Frank
Ebbert, speaker for the Anti-Saloon
league, will address public meeting
here on May 5, under the auspices of
Great Falls tribune., 1922-04-15

A special electric light attachment
for sewing machine has been devised
and put on the market.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-08
DAILY RADIO FEATURES
Radio Brings Campaign
Speakers to Homes

paigns, the expenditure Of this money
has entaled grueling Journeys from one
end of the land to the other-and many
disappointments.
Sometimes the political aspirant would
arrive at a strategic point during ex-
tremely inclement weather Occasionally
the strain of the trip would bring about
breakdown at the height Of the cam
paign.
All this is cut out by the use Of radio
SPEECHES
AT HOME.
l am quite sure that those persons
who are really sincere in wishing to get
the views of the several nominees would
much prefer to sit at home with their
radio receivers clasped to their ears ana
receive distinctly each word spoken,
than stand In the hot sun or perhaps
the cold rain--part of a huge crowd
straining its ears to catch an occasional
phrase.
Only a beginning has been made In
electioneering by radio.
But the movement will grow rapidly.
Candidates will find that they cannot
well afford to overlook the remarkable
possibilities offered by radio broadcast
ing
It's qualifications are llmitless.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-08

most Of the contracts made under the
1891 law have expired, and that the last
one VIII 20 out Of existence next year.
They assert that all differences with the
post Office department were Strengthened
out with the Shipping Board before In
PRODUCTION OF the blu aud the Presidents
message to Congress fayoring its pass
ago. There are 10 disagrecmeits In the
Harding cabinet on the Harding sub
silly measure, they insist.
Opponents Of the shipping board bill
are freely predicting Its constellation be-
fore the merchant marine committee re
ports Il. probably about June 20. They
point not only 10 their version Of the
postal Interference. but to the inability
So far. az the Hague immigration COM
mittee ~ agree on a provision forcing
fifty per cent Of the immigrants 70 Amer
lea 10 snit on American ships and to the
difficulties If encountered among Repub-
lteaa members OF the House Ways and
Means Committee on the provision 70 per
nit shippers IN American vessels t. de-
duet ! pee cent
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-08
MAGICIANS
Nv RERToN BRAIEY.

BY BERTOS BRALEY.
The olden magicians were bearded and
gray.
They did all their stunts In a ponde-ons
way,
They mixed up strange po,sons that
dubbed and smoked,
And all Of the spirits Of VIA b they
invoked;
They called on the devil and all his
relations.
They muttered dread phrases and fierce
incantations,
Like "Abracadahra" md "Allagazam,"
And yet, ut the faish, their magic was
sham.
The modern magicians are Kids IN their
teens,
With nothing Of hokum or bunk In their
beans;
Some pieces OF Junk and bundle OF
wire
Are all that these mp to date wizards re-
quire
To build you a radio set that VIII tap
The waves that are hurting all over
the map,
They bring To yon voices that throb
through the air.
Believe me. these boys are maeicians for
fair,
r. old CagIostro or Merlin came back
Those priests OF magic excessively
black
They'd find themselves hnmbled by some
freckled Kid
who works more enchautment than they
ever did.
And when they returned 70 he wizards
long dead
No one would believe even half vnnt
they said.
And thin spectral laughter would ;ol,ow
all through
Their tale u these marvels that children
can do.-Copyright, 1922. NEA
Service.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-08
RADIO PROGRAM

INDIANAPOLIS tHATFIELD) Won
Daily. Except sunday
10 COIL 100 a m, musical program with
special features.
10 10 A. M. financial. grain and livestock
market reports,
10 80 a. m. special items os interest TO
women. Monday, Wednesday and Sat
urdry
:oo-2 800 p. m. musical program With
20 p. M, marker teports.
:0o 800 p. m. musical program With
special features
415 p. m. police notices.
4:5c y. M, baseball scores
Sunday
10 COLL 100 a. m. special recital
Evening Concerts
$40 10 90 o'clock, Monday. Wednesday
and Saturday.
REs-HAMfI TOM
WLK.
Daily. Except Sunday
II ;o0-fi 80 a. m. musical program.
II 80 a. m weather reports and weather
forecast {4S5 metcrsi
+ 20 Y so p m, musical program,
: % 2i5 y. m. musical program.
:. op-3 10 r. m musical program.
500 r. m, baseball results.
1000 D. m, tirle and weather reports
49, meters).
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-08
BY PAUL F. COOLEY,


Political aspirants had better begir
developing their broadcasting voice.
Their election may depend on 1t.
Late last November ] was invited tt
speak before the London Society OF
Wireless Telegraphy. l told about my
conception of radio broadcasting as q
great national scheme-which called for
a working combination between our
broadcasting stations and our telephone
systems. And / expressed belief that
this would all come about by the time
our next President was inaugurated.
It's coming even sooner. Women OF
Pennsylvania helped nominate Clifford
Pinchot for Governor by radiaphone.
NATION AS
AUDIENCE.
BY 1929 several millions will listen
to our next President deliver his inau-
gural address-and hear every word of
thy radio.
During the next few months consfd-
cradle campaign speaking will be broad
cast
II has been the practice, apparently,
for political nominees to spend huge
sums of money in getting their mes
sages to the people In national cam
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-08
Change in Duties Of
Park superintendent

A change in the duties OF Assistant
City Park Superintendent Charles l..
Hutchinson and Louis ". Carnefix was
announced by Mayor Shank today. At
present Mr., Carnefx Is hled sugerin-
tendent for all park properties on the
north side and Mr.. Hutchinson on the
south Side. Mr.. Shank said r. Walter
Jarvis, superintendent Of parks and re-
creation, has decided 10 use Mr. Hut
Crimson as his assistant in charge Of
upkeep In all park grounds and Mr.
Caraehx In charge Of upkeep OF play.
grounds.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-08
JOIN, May Need
Money to Keep
His Truck GOing

GREENNILLE, Texas, June S.--A
second hand Ford truck and the mend
ing of screen door that's "leetle
mite warped
These are the earthly ambitions
of John Lindley, aged negro chef
in the New Beckham Hotel here,
whose lawyers say he is about to
get half a million dollars for forty
acre piece Of oil land
John declares he is going right
on cooking for Mr.. Beckham." de.
spite his unexpected affluence. But
he has had his eye on used liver
for some time, and may investigate
I'll. matter, besides fixing up around
his house.
I'm going to take care OF these
boys" John added, indicating an ad.
miring popeyed circle of walters,
bus boys and dish washers who sur
rounded him in the hotel kitchen.
I'm going to be right generous
Johns mother owned the valued
property in the heart of the Mexia
oil district ever since slave days
Fourteen producing wells already
been sunk on the little farm.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-08
EXCHANGE OF
TELEGRAMS ON
COAL CONTROL
Senator Borah and Secretary
Hoover in Controversy
Over Prices.

WASHINGTON. June s-Growtng
criticism in Congress of Secretary Hooy-
er's coal price fixing by moral law" to
prevent prohteer.ng during the strike,
resulted in 4 curt exchange Of kilograms
between Mr.. Hoover and Senator Boran
of Idaho. chairman Of the Senate Com
mittee on Education and Labor, who has
threatened 10 investigate the question.
Senatorial critics Of his price fixing
methods were called upon by Mr. Hoover
in a telegram from Youngstown. Ohio.
to provide more effective emergency
measures. He expressed himself as de
lighted" that Senators Borah and Walsh
of Massachusetts. have taken on the job
Of restraining coal prices with tae re-
tai!ers or other parts OF the coal trade
B0RAH DEMANDS
H00YER'S IDEA.
Senator Borah retorted with a demand
upon Mr.. HooFer TO suggest any legsa
] ;ton needed BY the Administration to
effectively cope with the situation aud
! a promise If immediate consideration OF
/ the legislation and cooperation II push
ing It through the Senate.
This challenge was drawn FROM Mr.
Hoover by the ana laneement Of Senators
Borah and Walsh Of their intention to
investigate the morality nnd legality"
of Mr.. Hoover's price fixing arrangement.
unless some modification was made of t..
The Senator's interested themselves In
the coal situation after representatives of
the National Retail Coal Dealers Asso-
citation laid charges before them that the
Hoover price Of $3.50 a ton for bitGm.naus
coal would result IN operators boosting
prices to tia maximum and an increase
+ Of Sl.5 q TON tn the public
Mr.. Hoover strtlck ba < At the retail
coal dealers. VITO complained 10 the
Senator's that they had net been given
proper consideration ~ the Secretary az
Commerce While the dealers promised
Mr. Hoover 10 cooperate, their conference
with him was not marked with he sue
cess OF the conference with tile operators
RETAILERS HAVE
THIRTY DAYS SUPPLY.
AS many retailers have upwards *
fhirty days supply on hard Of pre- strike
rail haGl," said Mr. Hoover Sri Ms tell
gram. Il hope the Senator's will get the
retailers 20 comply with my request that
the retailers do not mark UP the price OF
this coal to the public.
In response To Senator Walshs resolu-
ton calling for information regarding at
,eTnpts u the Government TO end the coal
strike, sent To the Senate Mr.. Hoover said
''-The governmental agencies hive no
legal authority TO terminate or intervene
in the strike. Quite informally aud re-
peatedly suggestions as to propositions
On which the disputants might we'll con-
fere and hope for settlement have been
made through the Department or Labor
and this department or both. but thus far
these suggestions nave been without re-
suit"
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-08
RADIO PRIMER
TRIODE

TRIODE three element vacuum
tube, or one containing f.ament. grid
aud plate. There are also two and four.
element tubes, those without grds aaG
those with two sets If grid or plates
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-10-29

spending a fortnight hers VISITING in the
homes ot hcr chudren. Mis- Lon Kirk
potrigk and Mr y. o.. Greene.
Mr.. w. H. Scott ~ H.oA!auf No. r. q
guest foo the homo % Nr uul Mrs 4 n.
uyruw. renewing friendship between tho
two families which dates back 90 tho
school days " young Mi sgptrH mother
aud Mrs H'uum
Mrs ,. y. RIehtcr NJ Lincoln, Nch.,
who is guest in the hHuIn uf hrr SON.
Attorney D. ~. Nshtrr was tho touoroe
.ut very ptrltly appointed autumn
hIiiEe party given by Mrs Hlghtor on
Tuesday afternoon. a number % TULSA
mutrnns shared the hospitality
The October meeting ~ tho Ladies' AIi
society ui tho christian church was held
Wednesday afternoon with Mrs e.. W
MAYS as hostess. Twenty members wore
present 90 participate iu the interesting
TrrErsm arranged. IIrnt rcteHumcutH
and p social hour followed thU utuartlu.
Nv = y. rleWWnuH lru Thursday fof
Colorado Co make preparations fur tho
tomoIvnl uf he family 60 that state iu
reside.
Ms Mary MctnoIy teacher was
hostess 90 the WrWbars ut %" Loyal Sun
shine sunday school clHss ~ tho NJ. ~
church. south. uu ThurHdnv evening
DANES uud rrfrcshwrnts provided re- Wus.
irlIEhtfui Informal evening which was ru.
IDird by Misses Eiua Laws Maxine Mof.
row. Ethel Utsvra. Helen ms ThelWn
ipwefy. Huth Hra,es. Gncc oIarn. Dor.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-10-29

nell who have been visiting in the
home " the formers brother, Mir
John V. Mcdonnell, are leaving
Tuesday for their home, New YORK
City.
Mrs Douglas w Frnnchot and
children returned Thursday from the
east where they have spent tho sum
mer,
Mcsdamcs william H. walker.
llulette y. Ably, Walter Earle
Brown, Eugene Lorton and A. Flint
Moss were numbered among Tulsa
guests at the largo luncheon given
Tn Sapulpa on Thursday at the Coun-
try club. with Mcsdames Charles
Edccrton. claude Taylor. Burch Bur-
nett ana Ernest Unger as hostcsses.
Mr.. ana Mrs. ]. Garfield Buell.
have returned from New York city.
MIR. and Mrs. Edward waters
Thornton are now at homo 20 their
friends at 1897 North Denver ave-
nue.,
Mrs. Robert Galbrca,h Of pauls
valley okla, has arrived for a vis-
II with her relatives. Mr.. and Mrs
Robert Galhreoth. sr, ard MIR and
Mrs. H. II. Brecn.
Mrs. kathryn smith. who has been
quite ~ for the past week IL con.
valescing and her many friends are
hoping she will soon he out agsn,