davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-12-27

Polish Financial Conferences
Warsaw. Dec. 27.--(By A. P.)-
Premier Sikorski has summoned all
former Ministers Of Finance to a con =
ference January o in an effort to evolve
financial reforms.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-11-24

Here IS eX-PrlnCe Olcg Rodlmir.
grandson of the late King NlkolnS Of
Montenegro, once an officer OF the
cars army, now an American citizen
and business man. ION the job at his
desk In the Standard OH compnny's
office In COrstuntInople. This photo.
graph has just been received in New
York by friend OF Mr.. Rodlmir. and
II, accompanied letter In which he
vigorously denied the engagement
which Mrs. Oscar UNmmerStein had
admitted" Al the age Of fourteen
Olrg ran away from military school,
enlisted as Russian private, was
wounded 90 times. and attained the
rank OF colonel. captured by the Boil
sheviki in Siberia, he escaped, slowed
away on a freighter, and next turned
UP as a hardware clerk in Clarksburg,
VA. Then 10 New York. where he Oh
tanned m engagement for a fifteen
weeks concert tour Che Is n tenor
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-11-24

.,,,,a into ,our hcads. whether you feel
.,,..r,y,,d ~. not"
,., ,,4,.,.. : r,,,,,rc. ho u,a
m'I ".,,'' ,..:,,, i,Ih ~. fD,r,.,.
t'u .,,I,-,i,,. rra,, Wv.
90" '"' ''.. 'I ,t,', and r,,r hi. ,.s,,h-
,i.l'n'''n, 80 I,rJ,,,., .urnrusrs
iaF"" H""" u" was "''e -, I'll" MI TI
AhN'",h'""- 81 ne
W'ai'h. f'\'" "''"Ic M vat 'o ~ ",
lir"d Inc h''H' r"%H' r'"'''''''rS' lay
could not h"rr"" i"N"r"D'I IN me Lon
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-11-24

His political and economic viewL He
also wrote and lectured on Dante and
Pctrarch of whose works he was else
student. Later he became one Of the
proprietors Of the G!"rna!e D1talia.
Baron Snnnino was always interested In
the welafcr of the Italian farmers. His
hook. The Peasants in Sicily was a
notable contribution to public know
ledge of agrar!an conditions in that
country. One Of his aims. he said. was
TO revive southern. Italy economically
and moral he also built local rail-
ways put isolated regions in touch with
great markets. strengthened the farm
hanks and assisted villages and towns
IN fighting illiteracy. He possessed n
wonderful library. The Baron never
married
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-11-24
BRITISH settlement
PROJECT IS APPROVED

Sydney, Australia, Nov. 23.-After
an all-night sitting, the New South
Wales parliament, by a majority OF 6,
confirmed today the agreement with
the imperial government and the gov
ernments of the Australian Common
wealth and New South Wales by
which six thousand British settlers
will be placed on land in this State
at a cost OF six million pounds ster-
ling.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-11-24
EX-SERVICE MAN DIES
At Lind STREET HOME

John Peter Fisher. 2f years ola. "X-
service man and railroad emp!oyc. d''d
a; his home, No. $50 l.ud street. |'N'"E-
dav afternoon ~ 2:lO O'Clock. alter an
illness OF more than two months.
Mr. Fisher lived In Wheeling more
than fifteen years and WAS well know
here. lie was born IN Rochester, Ia H."
was married 10 Miss Lillian Palmer
Stewart soon after he came - this r!'Y.
For the pasc fifteen years u" was
employed as passenger brakeman by
the 3. & 0. railroad company. and soon
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-11-24
MRS. SCHAD Of
BENWOOD DEAD
Passes Away at Home Glowing Brief
ulness-was Prominent IN Pontl-
cal and civic Circles.

Mrs Charles SChad ~ Water street.
RenwOod. perhaps the best wc.l-known
woman in Beuwo"d and prominent as u
Republican in politics. died n her home
yesterday afternoon following a brief
illness.
Mrs. Schad was the wife OF Mr.. Chas.
Schad. who conducts a grocery In Ben
wood. and who IL leader Of the city n
politics. She was born N Wheeling and
was the daughter OF Mr.. and Mrs. John
Tancuran. She was rifty-r!ve years old.
Mrs. Schad was a devout member OF
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-11-24

Washington. Nov. 23.-The death 81
Mrs. Emma Douglass woodward. w!Se
OF Representative Harry {. Woodward
Is a bereavement that West NIrgIntans
in Washington feet profoundly, and the
sad effect OF her taking on the stAta
colony IN the capital. is plainly notice
bic. Her long residence in the capital
her extensive acquaintance and her IA
miliarity with official and social uSagcS,
equipped her with a knowledge that was
helpful to all who came from her native
state and which she placed AT their dis
posSl 10 help them "gH: on In the in
tricate pathways Of Washington social
and official life. In this respect she has
been an invaluable help and encourage.
ment 70 West West Virginia women.
especially coming 70 the capital, for the
drst time. either for the season" or for
longer stay by reason OF their huS-
bands acquiring official positions. To
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-11-24
ADMIT IMPORTATION
OF CHINESE ALIENS

rruSarula Fla. Nov. "a tRy he A.
-rrIIled prrSeI g T. Moore. Of Crest
view. Elurlda William Lindsay and TSom
I'ndcrW God. pleaded guilty here to-day I'm
federal district court Of conspiracy to
import Chinese aliens and liquor into
the United States from Cuba,
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05

WEkcrson and Thomas Marshall.
the latter an expert on cmbczzle
m,nt cases. Col. A. y. smith. states
attorney OF Lake county. Edward
Pree. assistant states attorney -
Saugamon county. Ralph Dady
former states attorney OF Lake coun-
Is. and a half dozen other lawyers.
The defense viii be represented
by c. q. LeForgee. OF Decatur.
Werner W. schroeder. of Kankakee
and Alexander r. Beaubeir. Of Wau-
kegan.
The defense is expected 90 wage
an attack on The coustituuonality
OF the state treasurer's act of 1e0S.
which required The treasurer 90 place
state funds n the bank paying the
highest rate of interest The act.
the defense claimed i'm preliminary
arguments. is unconstitutional be
cause il was improperly PASSED and
because il combines two subjects
under one title, provision having
also been made by the Ew for an
appropriation TO pay for bonds OF
the state treasurer and his assist e.
ants
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05
FIGHT The FLU;
GUARD YOURSELF
AND help OTHERS

Guard yourself and others against
Influenza. Avoid crowds. Sleep with
your bedroom window open. At the
first sign of a cold, fever. sore throat
% that grip feeling consult your
doctor.
But, above all. try to keep your
nose and throat protected day and
night by an antiseptic cream. Flu
germs are literally breathed into
your system. An antiseptic cream
is used TO keep the germs from
lodging i'm you nose or throat.
For this purpose get from your
druggist at once bottle Of Ely's
Cream Balm. Insert a little into
the nostrils and draw it through all
of the air passages sc il reaches the
throat
Do this as often as may be re-
quired to keep nose and throat anti
septic. Do it the last thing at night
and first thing in the morning until
the fu epidemic has passed.
Head colds and catarrh yield like
magic 20 this antiseptic. healing
cream that soOthes swollen. inhamed
membranes OF nose and throat
Your clogged nostrils open right up
and YOU can breathe freely. Don I
stay stuffed mp and miserable.
-Advt.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05

ling kept two sets of books while in
the treasurer's office, the state says,
one accounting for a so-called vault
fund which was loaned TO banks
throughout the state, and the other,
known as the safe fund" covering
money placed-jp the Grant Park
bank. During Mr.. Small's term the
bill of particulars alleges. the funds
in the Grant Park bank alone earn
ed 1924, 066.2S in interest, while the
total amount of interest. discounts
and profits accounted for by Mr.
Small from all funds in his charge
was only $45O.O1O.12. The earnings
on the Grant Park transa ctiOns
alone exceeded the total of all i'm
terest accounted for by the governor
by 474,G56.16, the bill alleges.
The state estimated the earnings
of funds in the Grant Park bank
during Mr.. Sterling's term at large
~ in excess Of $S437SS.21." claim
ing the exact total is unknown be
cause the Swift and company books
have not been found. The bill
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05
Can
Now Be Cured
Free Sample of Wonderful
Guaranteed Home
Treatment.

Every sufferer from Pyorrhca.
Bleeding and liberated Gums.
Loose Teeth and other sore and dis
eased conditions OF the mouth.
should accept this offer without de-
lay. Send your name and address
today 10 MoOre's Laboratories
Dept. 1854. Kansas City. Mo. and
they viii mail YOU Sample Treat
lneut. postpaid absolutely free.
Judge it's merits for yourself Also
free booklet and history OF remark
able cures This simple home treat
ment is endorsed by many Dentists
and Doctors as being the most eff
cient method known. to control
these dread cOnditions.-Advt
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05
GOVERNOR DEPLORES
KILLING BY STATES

SNNDUSKN o.. March 4.-Gov.
Harry L. Davis or Ohio. is against
.apital punishment and he VIII de-
vote every effort and influence at
h.s command 20 hriu- about rs
uoUtIau in this state ne declared
here list night ac an address st a
banquet ol rhc Eotarilu club where
De WAS guest ~ honor
Two murferers were eleCtrocuted
u the Ohio pcuitenuary Tuesday
night and t,vp more last night
Gov Davis referred TO the taxi
has o. human life. even when dom,
av tEc state iu punishment for
crime. as wholly uujusrdable act.
and declared ir to be a perpetuaton
nf custom entirely inconsistent IN
.iew ~ ,he modern era OF enught-
menu
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05

claims AR Sterling failed 60 turn
over 90 the sfste az least S@f5.634. rs
Of the interest earned ON the pack
ers loans
During AR. Smalrs term as trels-
urcr the Grant Park bank IS said
20 have had the use of S1G91s.5oo.
while in Mr.. Sterilnss two year
term SIT 10000 was placed n the
pretended and fictitious bank"
When Edward a Miller. present
state treasurer. took Office I'm Jauu-
ary. 1921. the state claims. the Grant
Park bank still had s1o.0o0.O00 Of
state funds and ne defendants de-
livered 70 the new treasurer twenty
flIse. bogus and alleged certificates
OF deposit of moneys and funds in
the false. pretended and fictitious
bank called the Grant Park bank.
Mr.. Sterling. the bill adds "uulaw-
fully endeavored" 90 have Mr.. Miller
permit the 100000 20 remain IN
the Grant PARK bank but the latter
defused and demanded production OF
the sum.
January Is. 1921 the state SAYS,
GOV. Small and Mr. curtis turned
over 10 the treasurer various notes
totallins S1O.012.5 500 and 400 shares
Of stock in a downstate bank issued
in the name OF the late Senator I'd
ward c. Curtis.
The case is expected 10 last from
six weeks to two months. or even
longer, depending upon the time
taken to get a jury. Estimates by
lawyers indicate it will take from "a
month 10 six weeks 10 find twelve
men 10 hear the case. because of the
wide publicity il has received.
Big Battery of Lawyers.
The battery of lawyers FOR both
sides will be one of the largest ever
assembled i'm the historic old Lake
county court room. The state viii
be in charge Of G.. Fred Mortimer
states attorney of SangamQn county
who obtained the indictments. lie
will be assisted by TWO assistant at
toney generals of Illinois. James ~
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05

Two Nct~ al Hooks
or. Small aud Lieut. Gov. Stcr-
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05
Small, Illinois Governor
Goes on Trial Monday for
En,bezzling State s Funds
For First Time in History of l04 Years State Executive of
Illinois Faces Trial Criminal Charge During
His Term in Office.

WAUKEGAN. ILL.,. March 4-For
the first time i'm the history Of Hi
nois its chief executive will 20 on
trial during his term of Office i'm the
court house here next Monday.
March g.
Not since the impeachment and
removal of William Sulzer from the
governorship OF New York i'm 1913
has the governor of any American
state faced charges so serious or
which have attracted the widespread
attention as those pending against
Len Small, twenty governor
Of Illinois. and his fellow defendants
Lieut-G Fred T.. Sterling and
Vernon Curtis, banker of Grant
Park H.
I'm Illinois 1O4 years of statehood
only two other governors have ever
been indicted while i'm office. and in
each of the previous cases the court
dismissed the charges without trial
because of their trivial nature.
Although Gov. Small and Messrs.
Sterling and Curtis are charged
Jointly with conspiracy 20 defraud
the state through embezzIement of
funds from the state treasury during
the terms of Mr.. Small and Mr.. Cur
It's as state treasurer. only the gov
ernOr viii go ON trial here Monday
Mr.. Curtis. whose case was brought
20 Lake county from Sangamon
county with that Of the governor.
was granted separate trial by
Judge Clarence C. Edwards. presid-
ing i'm circuit court here Lieut.
GOV. Sterling did not ask for
change of venue and his case is still
pending I'm the Saugamon county
circuit court at Springfield.
One Indictment Left.
Originally thore were four indict-
Weuts against Mcssrs. Small. Ster-
ling and Curtis. three OF which in
voIved the governor but only one
the conspiracy CaSe-remains
One Indictment charging the three
defendants with emlezzling $500. 600
was Quashed 10y Judge Edwards be-
cause of technical errors. The court
also quashed several counts i'm the
conspiracy indictment which re-
mains 20 Dee tried. and charge Of
operating a confidence game The
Judge then ordered the governor to
trial ON ar Indictment charging en-
oezzlemenl Of $500. 900 during his
Term ass state treasurer. but the state
objected to trying this case first. and
when the Judge insisted c. Fred
Morumer. states attorney Of Sanga-
mon county dismissed the indict-
men-
The fourth indictment. which was
never brought 20 Waukegan. charg-
ed Mr. Sterling with embezzling
100000
The conspiracy Indictment charges
the two former treasurers with en-
rering into a conspiracy with MIR
Curtis 90 8cfraud the state out of
large sums due ir ae interest Curtis
owned the charter of the Grant park
bank. former private banking in
s,i-utior. which The state alleges
-absuIutely ceased 20 function as "A
bank after 1905" Grant Park is =
town of 500 ,onv1s+ior, II, t-.,l-sl,oe
few miles from Gov. Smalrs home.
Loaned Millions.
To This private bank. the state
claims. Nr. Small and Mr. Curtis
the former ass state treasurer in
1917-1S and the latter i'm 1890
lent millions of state funds with no
other security than Mr.. Curtis GER
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05

JOUR income tax report
must be in by March
18th. Let us help
you. Our expert on income
tax reports will gladly give
free assistance.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05

Doesn't nurt UIt, Drop. a little
"Freezone" on an aching corn, in
stantly that corn stops hurting. then
shortly YOU lift it right off with
fingers Truly,
Your druggist sells a tiny bottle Of
"Freezone" for few cents, suf1i-
cient to remove every hard corn
soft corn. or corn between the toes
and the calluses, without soreness or
rritation.-Adv
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-05-02

ardin street, cast PIXIES feet; March
10. 1922. $3.50.
io79-w. l.. Sullivan. W. $. Street.
trustees. to J. VI. Collins. south line
Third Avenue 20 feet. South Pollock
Street. south 70xlio feet; April IS.
1922. si,ss9.
l0sl--E. l.. Ruffn, John Sloan.
trustees. to Eva K. Pollard. No. 1916
west line Third Avenue. 20 feet. South
Pollock Street. south 7ox1iO feet;
April %, 1922. sl.5Ss.
los4-A. L. Chapman. trustee, to
Samuel and George f. Scheer. 40. 2O09
outh line Grace Street. ia fee, W.
'ieadow street. west - feet 6 Inches
~ 40 feet; April 81. 1922. s2.s97.
BurEuin and Sale.
los3-Suburban Development Cor
porat!on to w. a. ellis west limo
northumberland Avenue at corner
Lombardy Street IL feet -? IL Inches
by l5i feet inches. April %. 1922.
Tax so cents SO.
Jr.. No. 22ls north line Stuart Ave-
nuc iO7 east. Addison Street cas-, %
feet inches BY ITO feet. April II.
1879. Tax $3.50. $40.
l0S9-Hannah II. Bloomberg 10 En-
NETT b. Phillips. No. 1873 south line
Floyd Avenue 100 feet east, Lom-
hardy stree. east 20 feet by l79 feet
inches. April &c. 1922. $1,000.
lOs2-T y. Henderson. Ethel
Maude twife). to Charles L. Loehr,
2Si7-l3 southeast corner Barton Ave
nue. and Essex street 10 fee, by 1876
feet. liens $4,000, $4,000. s4.75O. Apri!
l. 1922 Tax $3.50 $40
lo'3-F. l. Baughan. Beorgie V
twite). TO j. T. Richards. Bcntic w.
twifc). No. 2O5 east line Belmont
Avenue Il? feet II l-2 inches south.
Hanover Avenue north Is feet Z
Inches by los feet. April o.. 1922. Tax
$3.50. $40.
loe5-John Lucchesi. Santa (wifo),
10 Frank DE Kcnzls south line Main
street Sc fest east. Sheppard Stree,
east 90 feet by 1875 feet, April 20.
1922. Tax $50. $40.
1861. \. Carson, Maudc L. (wifc)
To IL. c. Gregory northeast corner
/ Graham Road and Fendall Avende So
feet inches by l35 feet, April 20
1922 Tax $3.50. $40.
c. +. Sauer. Olga (witc), TO
b. ache a. Sclden. north line Monu-
inent Avenue lii feet 5 inches east
Saucr Avenue east so feet by l4I.4J
feet. April %. 1922. Tax 1920. $40
3-w. F.. Kirk. Eleanor G. (wife),
ct ais to w. a. Giils. north line Cary
Street - feet inches west. Mulber-
ry Street west. % feet by 1875 feet.
April "a. 1922. Tax 1870. $40.
| I--VirgInia- Carolina Rubber Com
pany. Inc. TO S. Z. Cowardin i0-acrc
tract. near Mill Road, April %. 1922.
Tax IS. So
ll-Elizabcth Allen. s. ]. Allen TO
y.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-05-02
FELT SO TIRED =
ALL The time VI:
Indiana Lady Says She Was
Run Down, Suffered With
Her Back, Took Cardui,. -
and Got Well ~

Richmond, Ind-"I thought T
would write q line or SO to say that
owe my good health and strength
to Cardui," says letter from Mrs.
Cora Courtney. Of 705 North Seven
teenth Street, this city. Tr-F,
81 was all run down until my
family thought they would lose me-.
writes Mrs. Courtney. MY hus-
to please him, did, and will say
do all my work and do my shop
ping. 49,.
II have five children, four In
school, my husband and boarder
to do for. and / do all my own work
for all Of us, and find time to play.
We all praise Cardui. Every sick
and rundown woman should take
this wonderful medicine.
II suffered with my back; a very
weak feeling in my limbs.
Il felt hardly able to drag; Just
tired-so tired all the time. -.
1T was an effort for me to, do
anything, but Cardui helped me SO
l felt like different woman.':r..
If you are In rundown physical
condition, suffering as this Indiana
lady says she did, give Cardui fair
trial. 1t should help you. 81
Cardui is purely vegetable tonic
medicine for women's ailments,
found valuable In thousands of such
cases as described above. ="
Take Cardui. Your druggist
sells it.-Ady
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-05-02
'oNGRESSMEN RIDE
CREST OF GREAT FLOOD
IISv Associated

ICY Associated prcSS.l
ABOARD MISSISSIPPI RIVER
COMMISSION STEAMER MISsIS-
iIPPI. HELENA, ARK. May L.
fourteen members or Congress
eleven members OF the House and
three members OF the Senate. riding
the crest OF the third swell OF the
Mississippi flood today from Mem
phis TO Helena, tho first lap of the
survey. which will end in New Or
leans Saturday. had their first
glimpse OF the waterway on one of
the most violent rampages. and end
ed today with view OF the crumpled
hrst-iine embankmcnt at Old Town,
south of Helena.
From Memphis TO Helena levces arc
holding back the flood with the sit
uation apparently well In hand. At
Old Town, the situation s;ill is un-
der control. but with a hard fight yet
ahead, with the water driven into
whirlpools by current estimated ut
eight miles beating against supple
mentary barriers. erected to ward Oft
the food and which engineers de-
clare will prove effective.
From the steamer Mississippi.
aboard which the trip Is being made
house tops appeared level with the
levee. while outside the embank
mcnt cabins were covered To the
caves. with here and there only n
shell remaining.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-05-02
WASHINGTON MARKETS
WASHINGTON. u. c.. May L.
EgEs-Strictly fresh. selected. per

WASHINGTON. d. c.. May l.
Eggs-strictly fresh. selected. per
dozen. 26G27; average receipts. 25t;
Southern, ESQ.
Live poultry-Roostars. per H.. IS:
turkeys. per h., 5000; chickens,
winter. per H.. 4o@5O: spring chick
ems. per h., 5000: keats. young.
each, 50Q60: flows, 81.
Dressed pouitry---Frcsh killed
winter chickens. per H.. 40R45; hens,
per h.. 80: ROSTERS. per H., 20:
turkeys, per h., 3og4O: keats. young.
each. GO.
Live stock-calves, choice. per H.,
10: medium. 949l-z; thin. 5U7:
lambs. choice. per H.. lCQls; live
hogs, per h., IL.
Green fruit-Apples per Dbl. 5000
800: per blu. basket. 2.0062.75: West
ern. per box. 2.7514.26: California
oranges. per crate. 7.o0I7.50; lemons,
per box. 45015.00: grapefruit. per
box, 4.00I5.50: Florida oranges. $50
also; Strawberries, 2O62S per at.
Vegetables-Potatoc No. !. per.
bbl. 2.6oG275: per sack. 3.0OGl3.25:
sweets. 2.5004.00! lettuce. Southern,
per crate. l.O0G2.G0; romaine lettuce.
zoo @2.50: cymblinRs. per crate 1900
$50: onions. per crate, 200 800; cab
haGe, new. per cwt., 2.500I 800; GU
cumbers. 1909 800: elephants. per
crate. 3.00G $50: tomatoes. per box.
Florida, 3.oo1i.o0: beans. 3.50@4.50
per basket; peppers. per crate. 2.o00
400: knlc. 50dp75: asparagus. per
dozen. 2.oo@4.5o; spinach, per Dbl.
l00GIl So
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-05-02
File bankruptcy petitions.

Three bankruptcy petitions were
fled In the United States District
Court yesterday. j. Frank Patter-
son fled petition individually and ms
n partner Of tho Mutual Grain Com
pany. of Richmond. with personal lin
bilities OF $l.l79.79 and assets OF
sl.75S, on which he claims $1.o6s
Ming n homestead deed for that
amount, No statement as to tho as.
sets or liabilities for tho company
was filed. william l.. O'Flaherty Ia
attorney for Patterson.
c. C. Payne and Q. II. Covington
trading as Payne & Covington, oil
Hanover County, flsd a petition. with
liabilities OF 1894 and no assets
James W. Bryant filed papers also
with liabilities Of t5aa and assets o,
si7S. on which no claimed exemption
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-05-02
PERMIT SMALL BANKS
IN RESERVE SYSTEM
Senator Harris Introduces Bill
Helpful to Minor State
Institutions.
Obs Associated press.l

WASHINGTON. May IA bill
amending the Federal reserve act so
that state banks with capital OF
$1,000 would he permitted 10 enter
the Federal reserve system was in
troduced in the Senate today BY
Senator Harris. Democrat. Georgia,
as further step in the program OF
extending credits TO agriculture. The
present law requires that hank
must have capital Of $4,000 before
being admitted.
Senator Harris said his bill. which
he expects to broaden the loaning
facilities where most good could
he had from credit power of the sys-
tenn had been approved by the Fed
cral Reserve Board. and had the
backing of Eugene Meyer. Jr.. man
aging director OF the War Finance
Corporation.
The Har"is measure provides
spccifcail! shat State beaA. seek
ing member ship under the amend.
less than 30 per cent OF It's net in
come from the preceding year until
II possesses paiu-up and unim-
paired capital OF not less than the
capital Of $4,000, which would have
been required II the bank had been
admitted to membership under the
present law. This provision. Mr.
Harris believed. would result In n
great many banks, particularly in
the smaller communities. being given
advantage of the reserve system
looming power while Mt the same
time the banks themselves would
be strengthened by forced increase
in capital.