davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-03-18

ErOtocCon OF the Federal Reserve
system from politics has been urged
oy the chamber ever since the inau.
gurauon OF the system, the com.
mittee states In emphasizing at this
time that current uninformed criti-
cism and misrepresentation may
threaten the welfare Of the sys-
tenn. The statement, In part, says:
Efforts that are being made to
control the systems discount rates
and to alter the composition of the
Federal Reserve Board, are not In
accordance with sound principles. 1t
tS not suggested that sincere and
constructive criticism should be dis
couraged. We have reviewed criti-
cisms of this or that policy or action
OF the Federal Reserve Board or the
several Reserve Banks, but for the
moment have put them to one side
In order to confront what we believe
TO be dangerous tendencies. that. un-
checked. will promote gradual
ascendency Of political influence in
the affairs Of the system. and. thus.
contrary to the Inverests OF all the
people. undermine the independence
Of its administration.
OF Extraordinary Value.
I'VE recognize that, during the
seven years OF the existence Of the
Federal Reserve system, conditions
IN this country and the world have
been so disturbed by war and its
aftermath that no banking system
could have functioned to the entire
satisfaction of all elements. We be-
lieve that the system has proved OF
extraordinary value to the country.
During the war and since the armi-
stice, II has been yeritable bulwark
of strength.
Nine years ago the chambers
committee on banking and currency
stated that, in dignity, the Federal
Reserve Board should rank with the
Supreme Court and should be
equally free from any suspicion OF
political control. The department
adds the opinion that the entire syss
tenn should be kept non-partisan in
character, free from the suspicion
OF the taint. OF politics, and should
be protected from any efforts to
manipulate It in the interests Of any
class or party, with consequent loss
Of public confidence in its integrity.
First Bank Of United States.
'"The character of the Federal
reserve system has twelve years to
run. The first bank of the United
States. which was organized shortly
after the Government was estab-
lished. was created to perform, to
extent, the same func-
tions az our Federal reserve banks,
and II generally was admitted to
have been effective, but when its
expired In 1911. renewal
was defeated for political reasons
This added further difficulties to
the Inadequate preparation for the
war of 1872 and the period Of read
tustment. following it. The second
bank of the United States was char
tered In 1915 with practically the
same purposes as the first. Open
to It. In the view of most
The Washington times., 1922-03-18
Banks Have Record Deposits.

Washington banks have on deposit
a total Of S1s1 ,7s6, 1861. the largest
deposits In the history Of the District.
This is revealed by figures compiled
by Audley Savage, OF the Nationsi
Savings and Trust Company. in con-
nection with the recent call of the
comptroller Of the currency. All the
banks, with the exception Of four,
showed substantial gains, Riggs lead
ing with an increase Of S2,8S6, ,422.
The next largest gain was made by
the American Security and Trust
Company, $1.s30.712, with the Mer-
chants Bank coming third with $s17.-
los. The aggregate gain since De-
cember 81, 1921, was $12.021,7 ,704. A
total Of ~ national and savings
banks and trust companies reported.
The Washington times., 1922-03-18
Local Stocks.
SALES.

SALES.
Washington Ry. & Elec. gen. 6s,
81. .0000s7h.
Capital Traction. 5995; 5@s5.
Washington Ry. q Elec.. pfd., so
So: 5@6sk; 6@6sh; 25QSsh;. ESQ
69x; 25@69x. -
Washington Gas Light. 10@50; 25
@50; 25@10; 25@50h; 25Q50k.
Amer Sec. & Trust Co., 1@2s3.
Continental Trust Co.. 10Qs2; 10
@92h.
Lanston Monotype. 2o97s7h; 100
79A. .,
After call
Washignton Gas TVS, $1,000
los; $500Q105; 81, ,000@105.
Washington Ry. q Elec. gen. 6's.
s1.000@s7%: $1,0004s7&; $1,000
s7%; $1,00@S7A.
The Washington times., 1922-03-18
TODAY'S TIPS
ON
BUSINESS
b. cesn.pollt.n N.~. ssr,,e..

BY Cesmspolitan News Service.
Laurentide Power Company, says
an announcement from Montreal.
was today put on q per cent divi-
dend basis by its latest quarterly
declaration against previous per
cent payments. {f
Another advance for refired was
marked up today and American
Sugar quoted $50 cents pound.
Youngstown reports a 50 ent ad.
vance to $3.50 ton, in scrap steel
price.
]. p. Morgan & Co. today an
nounced that the unsold balance Of
s56.000,000 AZ per cent corporate
stock of New York city has been sold
and the syndicate closed.
New York Transportation Com.
psny reports 1921 earnings of $4.74 a
share against $4.7s in 1920.
Germany's floating debt has in
creased 12,s78,926,802 marks since
December 81, according to Berlin
cables today, The grand total now
Is 277.31S.32s.4S8 marks.
San Domingo. II IL reported, win
shortly seek loan of six to eight
millions dollars in New York, prob
ably offering an per cent coupon.
British Petroleum imports this
week were just over 10000. 900 gal
Ions.
Bradstreets reports sos commercial
failures in the United States this
week against 61s last week.
The Washington times., 1922-03-18

authorities. principally for political
reasons, was disclosed in 1929. AT
any rate, much political capital was
made Of attacks upon the bank and
a renewal Of its charter was de-
feated.
Peril to System.
Politics largely was responsible
not only for driving these two In
stitutions organized under Federal
charter out Of existence. but also
for keeping the United States with
out adequate banking facilities until
1918, and. II generally was recog-
nized when the Federal reserve
system was established, that its
chief peril was that of having poll
tics injected into its affairs. Many
safeguards were provided. but their
adequacy remains to be proven. The
greatest safeguard In an aroused
and intelligent public opinion.
Some forty bills. proposing to
amend the Federal reserve act, a
few OF them constructive. but most
of them unwise. have been intro
duced In the present Congress"
Standard National Bank.
The Standard Savings Bank, at
Ninth street and New York avenue,
will begin to function as the Stand
ard National Bank Monday. 1t was
today by officials of that
The conversion into q national
bank, 1t was stated, was due to the
large number of commercial ac-
counts now handled, and the con-
stantly increasing volume of bust
ness. The change to q national
bank will In no way disturb or in.
terfere with the present savings. va
cation and Christmas savings ac-
counts, it was stated. The bank
Will have a capital and surplus Of
$500. 900. -
Officers of the bank are: A. s.
Gardiner. president; J. Rozier Biggs,
vice president; Wistar NJ. Balder-
ston, vice president: James Trimble,
tr.. cashier, and William E. Richard
son, general counsel.
Directors are Wistar M. Balder-
ston. j. Rozier Biggs. Mrs. NJ.
John J. Costinett, A. ]. Dris-
coll, Isadore Freund, A. 8. Gardiner.
Arnold Hirsh. Edward Kohner,
Harry s. Lewis, William Neuland,
George Pitt, William E. Richardson,
M. Frank Rupert, i. s. d. Sauls,
II. r. Schreiber, ]. B. Trew, James
Trimble, jr.. D. 8. Venables, Ernest
q. Walker, Charles Stanley White,
Fred j. White. e. d. Williams and
w. Carl Wyatt.
The Washington times., 1922-03-18
Y0NDA
o. XCVX0r --.-I-.----.

PACKAGE containing money and papers,
Will be returned TO. owner. Cali at
inG In pictures OF young children. IsaS
r II. NJ. w,
The Washington times., 1922-03-18
Chamber of Commerce
Defends Reserve Board
u. S. Trade Body Says System in Danger Of
! Being Destroyed by Politics.
OF Reserve Board.
By HARRY GUSACK.

Warning that the entire Federal Reserve System is
IN danger OF being destroyed result of tendency to
inject politics into it, is contained in statement just
issued by the finance department Of the Chamber Of Com
merce of the United States ass
The Washington times., 1922-03-18
Roads to Get Money.

The Interstate Commerce Com
mission today certified to the See.
retary Of the Treasury that the
following railroads are entitled to
the following sums under section
20s Of the, transportation act: Den
yer and Rio Grande, S477,953; Buff
falo, Rochester and Pittsburgh. $751;.
093; Alton and Southern Illinois,
$100, 900.
The Washington times., 1922-03-18
NORFOLK AND WESTERN
BOND ISSUE AUTHORIZED

The Norfolk and Western today
was authorized by the Interstate
Commerce Commission to issue
&666,000 OF first consolidated mort
gage 4 per cent bonds which are to
be sold at not less than 80 per cent
Of par and accrued interest, and the
proceeds are TO be used solely for the
reimbursement of the roads treas
ury for the payment of 5000, 900 Of
underlying bonds which matured
January 4. 1922.
The Washington times., 1922-03-18
WAVE Of BUYING
ORDERS FLOOD
. STOCK MARKET
6tssI, Railroad, and Copper
Stocks Active, Showing .
Increases.
By w. s. COUSINS.

~ By w. B. COUSINS.
(copyrisht. 1873. by Cosmopolitan News
ssrvice.)
NEW YORK, March 1s.-stocks
were In good demand In today's short
session Of the market and the slight
recessions which occurred from time
to time were almost Immediately
followed by . wave Of buying orders
which brought prices back into line.
The copper stocks continued to
attract attention and to make frac-
donal advances, Anaconda moving
UP to 62h and American Smelling
to SAX. New York Central was the
most prominent of the railroad
stocks, gaining over q point to S5H
and establishing new high price for
the movement.
Steel stocks enjoyed a good turn
over In today's market, the independ.
ents especially being conspicuous for
their strength. There was heavy
trading In Midvaie at 81 while
Republic Iron and Steel gained "
studsbaker went up to 1osH, but
failed to retain its lead. 1t is said
Corporation In desirous Of enEi-
neertng q decline Of the stock before
the next major upward swing takes
place. Quarterly statement will
show q new high record both from
the standpoint Of cars produced and
Of net earnings.
Cali money loaned at per cent
for all classes and time rates for
thirty and sixty days were un-
changed at ~. Buying rates on
bankers acceptances were az, sell
ing rates AZ.
The market for Liberty bonds was
active. the second AVS rising to
tory <x's also advanced 20 points to
S10O.8l.
The Washington times., 1922-03-18
AsRsS AHssHRsSHHsH##e HsH#e BUSINESS AND FINANCE E 9HEHa
Foreign Exchange.

NEW YORK March ls.-Ths e..
eisn exchange market opened strong
today. with demand sterling az
higher at <4oh. Francs rose five
centimes to eos cables and 3.o7N
checks. Lares advanced two points
to SAN cables and 5.4S checlss. Bel.
gians advanced 81 centinos to y.sl
cables and SIS checks. Marks were
\ point higher at .00Ss. Other quo
tations are: guilder cables $500.
checks 37.s6; sweden kronen. cables
1855, checks $3.50.
The Washington times., 1922-03-18
REPORT OF THE CONDITION
ANACOSTIA BANK

Al Washington, In the District Of Co.
10, 1872.
The Washington times., 1922-03-18

San Domingo. It is reported, win
shortly seek loan of six to eight
millions dollars in New York, prob
ably offering an per cent coupon.
The Washington times., 1922-03-18
Dividends Today.

Singer Manufacturing Company
common, Sl.25 quarterly. payable
April / to stock Of record March
Is.
Duquesne Light preferred. s1.75
quarterly. May I and April /.
Philadelphia company common,
Is cents quarterly, April 20 and
April 1.
N.6o semi-annuaily. May and
April 1.
Laurentids Power common, ~
per cent quarterly, April is and
March 81.
The Washington times., 1922-03-18
o. KS Terminal Bonds.

The Jacksonville Terminal Com.
pany of Florida today was authorized
by the Interstate Commerce Com
mission to issue $3,1o0. 900 Of refund
ing and extension bonds. These bonds
are to be guaranteed by the Atlantic
Coast Line, Seaboard Air Line, Flor
ida East Coast and the Southern.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-08
ibis Monster Was RattIer.

The curators of the Launceston and
Tascanian museums have presented to
the Royal Society Of Tasmania the pre-
liminary account OF a nearly complete
skeleton of a giganticlextinct monster,
recently discovered in the pleistocene
beds OF Tasmania.
The animal was oa large as the
largest existing rhine@eros. The new
discovery shows clearly that it was a
rhinoceros-like animal, with a skull
built for aggressive warfare. and at
least one powerful horn on the snout.
Evidence of the gigantic battles IL
which this animal engaged is to be
found in the complete smashing and
partial mending of the collar-bone,
and in the crushing and subsequent
repair of the bones of the moss and
snout.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-08
Mexlcans Are Great Walkers.

There is a Saying In Europe that
the Spaniards are the champion walk
ers of the world, and certainly their
descendants in America, the Mexicans.
are the champions OF the new world.
Three nights every week there is a
concerto in the main downtown plaza
In Monterey and nearly all the Amer
leans in town, including many big,
husky transients on the way to or
from Tampico, sit on the park benches
and watch in wonder while the Next
cans walk.
All the young people in town, it APP
pears, walk around and around and
around that plaza, the boys in ona
direction ard the girls in the opposite
direction, while their parents and
chaperons and a few aged people
share the benches with the husky
Americans.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-08
sHRINEs BEYOND ALL PRICE
United States Has Many That Are In
expressibIy Dear to the Hearts
Of the People.

This old Plymouth church belongs
to the noble dead, to the living only
as trustees, but by way of pre-emi-
nence it belongs to the generations
that are as yet unborn. Civilization
Journeys forward partly on books,
partly upon the memorial days Of great
men, who are builders of the state,
upon organized laws and finally upon
Historic buildings.
No one can fully value the Influence
Of the Temple In Jerusalem upon tas
: Hebrew state. In like manner the
Parthenon was like an invisible teach
er, whose strong hands shaped the
plastic soul of the Greek race. There
are half a dozen buildings in Great
Britain, including Westminster abbey
and st. Paul's, and to take those
buildings out o. England's life would
be like taking the intellect out OF
mans body.
The people Of the United States have
but a brief history, only three CEN
turtles, but they have Independence
hall, Mount Vernon, that shaft at Get
tysburg, Faneuil hall, Old South
church. Lincoln's house and shrine at
Springfield, and old Plymouth church,
priceless shrines for the American peo-
ple.-Newell Dwight Hills.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-08
Advancement Everywhere.

The national agencies engaged in
rural social work are reported as be-
ginning to cooperate in their pro-
grams. The rural church is graphing
with its peculiar problem in a dynamic
manner. The rural home is being re-
constructed in a new and encouraging
way as a center of all social organ
ization. Rural government and legis-
lation are undergoing a f%ar-reaching
change. Country communities are
thinking about country planning and
art as integral parts of community life.
Road building in country districts is
proceeding with unprecedented rapid
.ty, and the country life movement is
on the verge of an international I'M
observation-disclosures.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-08
POINTS. OUT HUSBANDS DUTY
Writer Insists No Man May Stand In
the Lieht'of His Wife's Domss-
tic Ambitions.

puzzled husband" writes us that
he is sorely tried by his wife's ambi-
don to bake the family bread, and
other things. His domestic affection
and spirit of chivalry will not permit
him to tell his wife the truthl-that
the bread is almost as heavy as a paw
ing stone and quite as indigestible. So
he goes TO work every morning with
a heavy heart and an even heavier
stomach. and is bedeviled with gripes
and abdominal pains all day, Greene
al. Farley writes in the Seattle Post
Intelligencer.
Not only that, but his wife IS a con-
slant reader Of domestic science de-
sartments and she uses him as an en-
pertinent station. Th;s last week. he
SAYS, he had biscuits chat would do for
sinkers on a fish line anI an angel
cake that could not be differentiated
from old putty. The heartrendiag fea-
ture is that she asks him with a
bright smile how he likes 1t all, and he
cannot find it in his breast to tell the
ruth about it; so he lies frankly and
yholeheartedly.
All this is getting on his nerves ana
on his stomach and on his conscience
In the course of a little time he
feels his life insurance Is going to be
due.
Should he tell her the truth, or
should he suffer IN silence and let her
go ahead and collect the life insur-
ance?
If life is worth anything to him he
might conclude to tell her the truth
and let her go ahead and procure her
divorce. She might find a second hus-
band with a cast-iron digestive appa-
ratus and the present husband ought
not to stand in the way Of his wifss
career as q domestic scientist.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-08
DRY VEGETABLES
FOR winter Use
May Be Used in Cooking in About
Same Manner as Fresh
Varieties Are Employed.
GOOD MIXTURES FOR SOUPS
Housekeeper Should Remember That
Only Vegetables That Absorb
Water and Cock at Equal
Rates Can Be Combined.

prepared by the United States Depart
ment Of Agricultural
Various dried or evaporated veSe-
tables may be used in cookery in most
of the ways in which fresh materials
are employed. They may find their
widest usefulness, however. IN soup
mixtures OF in the preparation OF the
ever popular old-fashioned vegetable
boiled dinner. Drying permits the
serving of . any favorite vegetable
combination at any and al seasons OF
the year.
For those who wish to make a veSe-
table mixture that will have the max
tmum food value and at the same time
be as nearly as possible a, complete or
balanced ration, the formulas used in
making e~vaporated soup mixtures for
the British armies may serve MS
guides. One of these mixtures con-
tains 20 per cent each of potatoes,
turnips and peas, II per cent each
of carrots and beans, and 6.per cent
of onions. In another, the combina-
ton is 81 per cent of potatoes, 10 per
cent each Of carrots and turnips, 10
per cent each of onions and cabbage,
and az per cent each OF beans and
peas,
Differ From Prepared Product.
The dried vegetable soup mixtures
on sale differ principally from these
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-08
blun
7 Helps Y
COURT SETS VALUE ON TREES
Decision That Will Be of Interest to
Many Communities Throughout
the Country.

In Salem, Mass, a resident sued the
town gas light company for damages
caused by the killing of five shade
trees through the escape of gas from a
leaky main. A verdict for $1,000
against the company was rendered
5000 a tree. The decision is said to
have been awaited with a, good deal
of interest by surrounding towns, for
tree killing from this cause is u COM
mon thing. 1t has happened many
times in Indianapolis, according to re-
port; though complaints have not been.
heard lately with the frequency that
characterized them lack in the days
when natural gas was piped through
the streets, hastily and no doubt often
carelessly.
Tie killing of a thrifty, well-grown
shade tree is usually a distinct loss to
any property, commonly lowering its
value. In view of the time required
for the growth Of such trees $500 is
a moderate sun in the way of damages,
and no amount of money, when it
comes to that, can really recompense
the owner of the trees. They have to
him, especially if he planted and cared
for them, q sentimental value that dol
lars cannon measure. They have added
beauty to his home and he has counted
them among his treasures. To a real
tree lover, a beautiful tree, whether
his own or not, seems almost to pos
sess a personality of its own and to
see it struggle for life and gradually
die, brings real sorrow. 1t Is to view
q Observation-Disclosures Star.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-08
Embroidery A..ssent Art.

The art of embroidery has been
eracticed from time immemorial-it is
said to be as old as the art of dress
ing. The mummy clothes Of ancient
Egypt show the earliest eXtant en-
broidery and the "pome-granates of
blue and purple and scarlet" of the
book Of Exodus were Of embroidery.
The art reached it's height in the
early middle ages. In Greece and
Rome laws were made to moderate its
use, but without success. The most
distinguished artists did not count 1t
ceadescension to make the designs
7rom which the highest ladies in the
land executed their embroideries. No
workers were more skilled In the art
Nsn the English.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-08
cookseove Drier Will Dry Vegetables
Quickly and Successfully.

formulas in having in most instances
a larger percentage Of potato, in the
absence of beans and peas, and in
having various minor additions, such
as beets, celery, radishes and toma-
toes.
In making up combinations of dried
vegetables, the housekeeper should re-
member that the mixture must subse'
uuently be soaked and cooked as a
unit, and only vegetables that absorb
water and cook at approximately
equal rates can be successfully COM
bined in a dry condition. Such mate
rails as the root vegetables, cabbage,
celery. tomatoes and onions behave
alike both in their absorption of water
and in cooking, according to special
lists of rhe United States Department
of Agriculture. Any desired COM
bination can be made from them.
Dried corn and mature peas and
beans absorb water very much more
slowly and must be cooked from two
to three times as long as materials in
the list Just given. For this reason
they cannot he mixed with other
vegetables before soaking. Instead.
they should be separated, soaked, and
partly cooked. Then the other vege.
tables desired in the mixture, after
previous soaking, may be added and
the whole cooked until done.
How to Dry Vegetables.
Practically all vegetables, after be-
ing sliced or otherwise made eeady
FOR the drier, should be hlanched from
one to three minutes in boiling water
or steam before drying. They should
then he drained and spread in a very
thin layer on the shelves of the drier.
From time to time the trays should
be withdrawn and the contents care
fully stirred so the product will dry
evenly.
When thoroughly dry the product
should be removed from the drier and
placed In a dark airy Dom free from
insects. Stir occasionally during the
neveral days It is left there to cure.
Then heat carefully again for a few
minutes and store in tin cans. heavy
%pasteboard boxes. o. paraffined bags.
Cover tightly to exclude insects and
store in a room which Is warm and
dry.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-08
Untactful.

Brown was the %possessor Of very
large feet and a very bad cough. He
entered. a boot shop and the young as
sistant turned the shop upside down
TO find something to fit him. Brown
had lust tried on the fortieth pair
when he started coughing.
Nasty cough" said the assistant.
yes" gasped Brown. Doctor says
I'VE got one foot in the grave"
81 shouldn't worry" said the assist
ant. You'll never get the other in;
It's too big!"
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-08
Solved.

Uncle Hi had just passed his first
night in a hotel and was still curious.
"Son," he inquireds of a bellhop,
"what's that funny contraption out
the Window"
"That's the, fire escape" replied the
youth.
"By hickory! l wondered what made
it so dad-blamed cold in here last
uight."-American Legion Weekly.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-08
SIMPLE FOUNTAIN FOR AVN.
Easily Constructed of Cheap Materials,
and Adds Greatly to Attractive
ness of Grounds.

This fountain has a double bowl or
basin formed by placing a h~igh-voltage
insulator about Is inches in diameter
over a A-inch pipe that is connected
with the water-line.
On the end of the pipe is a coupling
having a small nipple and over this is