davidaulloa/AmericanStories huggingface dataset:
Perth Amboy evening news., 1922-08-24
CITY ADVERTISEMENT

An Ordinance Providing for the Raising
Bonds Of the City Of Perth Amboy.
BE IT ORDAINED BY THE CITY OF
PERTH AMBOY:
Section /. That for the purpose of pro-
viding funds to purchase lands adjacent to
and lying on both sides of Bay View Park
in the City of Perth Amboy for park pur-
poses, said lands consisting OF two tracts,
one known as the King tract, and the
other, the Meredith tract, the said last
tract including the Riparian Rights. to-
including the cost of issuing bonds, it is
necessary to raise the sum of Sixty-one
thousand 1851. 900 OO) Dollars.
su sgf'i tn cbaptdr a52 of the Laws Of isis.
as amended, bonds of the City of Perth
Amboy TO be known as Park Bonds in
the amount of Sixty-one thousand .sel,-
O00) Dollars or such lesser amount as
upon the sale thereof In the manner pro-
vided by law shall be sufficient to raise
said sum.
Section 3. That said bonds shall be in
such form, bear such date, mature at
such times, and be payable principal and
interest In such medium and at such place
as may he provided by resolution of the
the treasurer and attested by the city
clerk under the seal of the city. and If
coupons for the payment of interest be at
tached they shall be executed by the fac
smile signature of the city treasurer.
Section 4. That the council of the city
of Perth Amboy hereby determines and
declares as follows:
(a) That the probable period of useful
ness of the property described in Section
/ hereof is not less than forty years from
the date of acquisition thereof.
(b) That the average assessed valuation
of the taxable real property Oncluding
improvements OF said city. computed upon
the next preceding three values thereof.
in the manner provided in Section IL of
Chapter 1852 of thu Laws of 1916. is $685.
lS1, 1913.
(c) That the net debt of the City of
Perth Amboy. computed in the manner
provided in said Section IL, is sl,73s.-
0iS.SS
td) That the annual and supplemental
debt statement required by said Section
IL have been made and filed as therein
section 5. That the full faith and credit
| of said city shall be pledged to the pune
tual payment of the principal OF and m
teres5 on said bonds and there ery s of ss 9e
bonds shall be outstanding, In the same
manner and at the same time as other
taxes, a tax upon az the taXanle prope tbs
amount of principal and interest to mature
in the succeeding year. .,
feet upon its publication. as provided by
Section 2 of Chapter 252 of the Laws OF
1916. as amended. and the city clerk
shall have the power TO select me news
10 specify the date after which the ponos
shall be issued and delivered.
The foregoing ordinance was introduced
and passed on first reading at the meeting
of the Council of the city of Perth AM
boy, n. j.. held August 2lst, 1922. ana
will he considered and taken up for sec
ond and third readings and final passage
Mt the meeting of council to be held
Tuesday, September 5th, 1922, in the
Council Chamber, City Hall, Perth Amboy'
N. j..
Dated, August 20, 1929.
1s759-S-2i-s1 City Clerk.
Perth Amboy evening news., 1922-08-24
PROPOSALS FOR GRADING AND
PAVING
OLE TIME
EXTENSION OF

The receipt of bids and proposals for
grading and paving with concrete-asphalt
covered pavement. the grounds of School
No. 5 in the City of Perth Amboy. has
been extended until Thursday, August
cath. 1922. at $50 p. NJ, daylight saving
time.
BOARD OF EDUCATION. CITY OF
PERTH AMBOY,
by A. II. CROWELL. Secretary.
16739-S-23-2t.
Perth Amboy evening news., 1922-08-24

Observation-Disclosures for sale or ex-
i change for Ford. Rankin. Sewaren.
Tel SIG Woodbridge.
Perth Amboy evening news., 1922-08-24
o WHOM 1T MAY CoNCERN:-

TO WHOM 1T MAY CONCERN;-
TAKE NOTICE that ] have ithdraw n
from the partnership with JOHN J. RYAN
doing business as the DARK LANE FARM
on Grove Avenue, Metuchen. New Jer-
sey and I will not be responsible for any
debts contracted hereafter.
ED. DURAND.
Dated, August 1, 1922.
Levenson Brothers., Attorneys,
Hudson Trust Building,
Hoboken, N. J.
1905 On e
Perth Amboy evening news., 1922-08-24
CLASSIFICATION

ANNOUNCEMENTS
s-coming Events
e-Personals
i0-Lost and Found
AUTOMOBILES
A-Automobiie Agencies
i1-Automobiles for Sale
13-Auto Trucks for Sale
13-Auto Accessories
l4-Garages-Autos for Hire
1s-Motorcycles and Bicycles
ACKNOWLEDGEMENTS Stations
Observation-Disclosures
BUSINESS SERVICE
14-Business Services offered
Observation-Disclosures
20-Cleaning. Dyeing, Renovating
Observation-Disclosures
22-Heating. Plumbing. Roofing
a3-Insurance
94-Laundering
36-eMoving. Trucking. Storage
26-Painting. Papering. Decorating
Observation-Disclosures
z8-Professional Services
2~S-Repairing
s0-Tailoring and Pressing
Acknowledgement Service
EMPLOYMENT
s2-Help wanted-Femal.
33-HeIp wanted-Male
sl-Help-MaIe or Female
36-soiicitors Canvassers, Agents
destinations Wanted-Female
destinations Wanted-Male
FINANCIAL
ss-Business Opportunities
S9-Investments. Stocks. Bonds
40-Money to Loan
l1-Wanted-To Borrow
INSTRUCTION
42--Correspondence Courses
43-Locai Instruction Glasses
44-Musical. Dancing,
45-Private Instruction
Observation-Disclosures
LIVE STOCK
N-Dogs. Cats. Pets
41-Horses. Cattle. Vehicles
4a-Poultry and Supplies
6EWanted-Live Stock
MERCHANDISE
6t--Articies for Sale
oIA- tfTteT anu hhShhhho
b3-Busiuess and Office Equipment
63--Boats and Accessories
64--Bu,lding Materials
6-Fsrm ana Dairy Products
!. 6e-Fufi. Feed and fertilizers
D4-Good Things to EAT
sS-Home Made Things
sS-Honsehoid Goods
6~0--Jewelry and Watches
Ga Machinery and Tools
63-Musicai Instruments
R4EA0~-l~ Dl.pto and EtnUar
64-Specials at Stores
65@Wearing Apparel
66-Wanted-To Buy
ROOMS FOR RENT
s7-Rooms With Board
6s-Rooms Without Board
es-Rooms for Housekeeping
70--vacation Places
71-Where to Eat
72-Where to Stop in Town
observation-disclosures or Board
REAL ESTATE FOR RENT
R-Brokers in Real Estate
74-Apartments and Flats
~75-Business Places for Rent
7s-Farms for Rent
IT. Houses for Rent
78-Ofices and Desk Room
79-Suburhan for Rent
8~o-Summer Places for Rent
81-Wanted-To Rent
REAL ESTATE FoR SALE
s2-Business Property for Sale
~s3-Farms and Land for Sale
84--Houses for Sale
s5--Lots for Sale
s6-Resort Property for Sale
87-Suburban for Sale
ss-Reai Estate for Exchange
s9-Wanted-Real Estate
Perth Amboy evening news., 1922-08-24
INSTRUCTION

Music, Dancing, Dramatic -
GIBSON STUDIO-No play no pay: free
mandolin will 10 lessons. FOR SIS. Rog.
ers 224 Smith St. Tel. 1852.
GILL SCHOOL OF MUSIC-Violin iN-
structions a speciality; instruments fur.
nished free. 81 Smith st.. Perth Am
boy. N. ].
Perth Amboy evening news., 1922-08-24

AUTOMOBILE


autotnophNb " S"N
FRANKLIN M OAKLAND CARS
Frsnkiin-Middlesex Co, 3l9 Madison
Avenue. Tel. s4s.
Observation-Disclosures for sale or ex-
change for Ford. Rankin. Sewaren.
Tel. 576 Woodbridge
MITCHELL-Touring car; good running
order; very cheap. Atlantic Garage. SOS
Amboy Avenue,
OBSERVATION-DISCLOSURES; great bargain.
Inquire 1O1 Pershing Ave, Chrome, N. j.
STUDEBAKER-Big 6 Touring; mechani-
cally perfect; very good tires; a wonder
full buy. J.. Arthur Applegate. Stude-
baker Distributor. $50 Division ST, Perth
Amboy.
RUNABOUT BODY-With windshield.
$500. John Gragri, Washington Heights
r. F. d. 3K.
ISED CARS-We have a few standard
makes Of reconditioned and repainted
psed automobiles. We invite your trial
on our policy of selling used cars. Union
Garage Co, Peerless and Buick Distri-
butors. 27s King Street.
DORSEY'S USED CARS
Ford Touring, a bargain. $4,000
Ford Touring. s125.00
Ford Touring. Winter Top. $4,000.
1921 Chevrolet Touring, 10000.
Ford Runabout with box. $500
1921 Dodge Panel Delivery. sS95.oo
Ford 1920. Canopy Top Delivery. Start
er and demountables, s175.0o.
Many Others
Time Payments
DORSEY MOTORS, INC.
Maple and Fayette Streets
Near Post Office
Phone 366 Perth Amboy
Open Evenings
We Close Saturday at Noon
EXCEPTIONAL USED CAR BARGAINS
1921 Studebaker Special &c" Roadster,
$SS5.
1920 Elgin Touring. reprinted, SASS
1920 Scripps Booth Touring, s4s5
1920 az ton Mack Truck
1921 Dodge Roadster. 1923
1918 Stearns Touring. reprinted. $3.50
1915 Cadillac IS" Touring. Sass
1922 Nash Demonstration
THOMPSON MOTORS COMPANY
2S7-2s9 State Street
Nash Distributors Eel. 1913
Perth Amboy evening news., 1922-08-24
BELL BOYS DON'T PAGE
PEOPLE IN WHISPERS

And wide-awake job-seekers and seekers for
better jobs don't depend on their personal ac-
quaintance and canvass to get them what they
want.
They tell L the interested employers in
the City what they can do-just as the bell
boy let's everyone in the hotel lobby know that
he is looking for "Mr. Jones, pleased"
YOU can page your next employer-quickly
and inexpensively-by using a little ad In the
News Situation Wanted Column tomorrow.
One of our ad-takers will gladly help you
write a concise, Understanding ad. 1t will
be your introduction to every employer N--o
might be interested in your services.
Stop at the News Office and talk things ov'r
with an ad-taker.
Perth Amboy evening news., 1922-08-24

MITCHELL-Touring car; good running
4 order: very cheap. Atlantic Garage. 565
-
Perth Amboy evening news., 1922-08-24

ANNOUNCEMENTS
s-Coming Events
e-Personals
io-Lost and Found
Perth Amboy evening news., 1922-08-24
AUTOMOBILES

AUTOMOBILES
Automobiles for Sale II
GOOD Used CARs-Garretsop Co. sst
High street.
GOOD USED CARs-Jeferson Mototo
Inc. 100 New Brunswick Avenue
Paige Sedan, 1920 Z Passenger
Maxwell Coupe. 1921
Nash Touring. 8 passenger
Hudson Touring
CENTRAL GARAGE
225-227 New Brunswick Ave.
USED CARS
1921 Dodge Sedan, wire wheels. extra
tire; like new. $1,000.
7 Passenger Nash Sedan. like new.
sExToN's GARAGE
Auto Trucks For Sale ne
DUMP TRUCK-Chassis, bargain. 2-3h
5ton truck. Tel. New Brunswick 1861.
KELLY SPRINGFIELD D-31s ton chain
drive, splendid condition, sacrifice $3.50
Time payments arranged. Sterling Mo-
tor Truck Co. 2A Washington Ave-.
Newark Telephone Branch Brook 617a.
STERLING TRUCKS
Rebuilt and factory guaranteed bargains
in all capacities. Time Payments.
STERLING MOTOR TRUCK co.
24 Washington Ave. Newark
Branch Brook 5179
Auto Accessories s.
BATTERIES--2 year guarantee: uncou.
ditionai: a new Ray Battery II your old
one goes wrong within 2 years. What
other battery dares to do thisf Chris
Johnson 1863 New Brunswick I've.
~rIREs-For sale; Goodyear. Goodrich.
Michelin. Fisk and United States. r. K.
Martin las New Brunswick Ave.
WILLARD ALI. RUBBER BATTERIEs-
For wireless with threaded rubber insula-
ton, Battery & Motor Service Station.
t4s New Brunswick Ave. Tel 1885 So
Garnges-Autos For Hire "a
JOE'S FAXT-Phone 1920, Day snc
Night service Cars to hire for wedhinxt
funerals etc 42s Division Street.
RepairinR-service Stations IS
AUTO TOPs-Made and Repaired. J, P
Johnson; lsS New Brunswick Avenue
AUTO TOPs-Recovered and repaired,
running board covering SIDE curtains And
all kinds of trimmings :Sr cars. p. GU
hon. 1874 New Brunswick Ave Tel, 1850
AUTO BODY BUILDERS-Bus and cou-
blacksmithing: agent for Goodrich OLD
East Ave. Tel. 1881.
AUTO NEUTRALITY-SUSPICIOUS. and tenders
repaired. Federal Auto Radiator Works
100 New Brunswick Ave. Tel. 1860
Neutrality-suspicious. 4 Klein.
Telephone 1878. W. Main St ami Grant
Ave. Fords. N. j
AMERICAN GARAGE-Best equipped 'e
pair shop in town; day. night service.
Supplies and accessories. call 1881.
COUNTY BRIDGE GARAGE-First class
auto repairing. storage. car Washing.
auto wrecking; open day and night. Tel.
224J.
ELECTRIC REPAIRING - Generators
starters. armatures rev cund. motor Wild
ing our speciality, x. 4 K. Electric Co
14o New Brunswick Ave. Tel. sos,
FRANK HUDA-Commercisl
body builders and repairers:
painting: specializing on touring. com
merciai cars. $50 Division St. Tel. 1881
JACOB & MORROW-Auto Repair Co,
distributors Tor Middiesex Count, salden
Motor Trucks; IN tot tons $40 Pros
pect st Phone 2066
MAJESTIC AUTO SERVICE-Joe Lomsx
Prop. Complete overhauling q speciality
and general auto repair shop. 225 First
St. Tel. Day. Perth Amboy sS: Night.
Woodbridge 252-R.
NORTH AMBOY MOTOR CAR EX.-Gen-
eral o%verhauling repairing. towing. s. )
Giatstein, TAO State St. Tel. 1916.
PERTH AMBOY AUTO wRECKING CO
ia Fayette st. IS3 New B. inswick
Avenue. Tel 1894.
Evening star., 1922-12-12
BLOUSES!
Make Handsome Gifts

We have a wonderful lot from
two of the leading makers,
whose concentration on Christ
mas specials has provided some
of the most unusual blouse
sty1es of the season.
Evening star., 1922-12-12
Exquisitely Dainty Are
Gifts of Silk
UNDERWEAR

Crepe de Chine Chemise, of
sood quality. il, flesh color. white,
orchid, sky blue and peach.
elaborately trimmed or filet and
val laces. 1895.
Radium Silk. Crepe de Chine
and Satin Chemises, unusual
values, in flesh color. white.
orchid, sky and peach: exquisite.
ly lace trimmed or hemstitched
models. $3.95.
Crepe de Chine Gowns. in flesh.
orchid and white: yokes trimmed
with val or tilet insets, also
tailored models with picot edge.
S3.8J.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-01
Chaplain Hester
At Air Station
Sunday Morning

Chaplain James NJ. Hester U. S. N.
the famous chaplain of the U. S. S.
Wright, now at the Pensacola Naval Air
service at the air station church Sunday
morning at $3.50 service. This will no
doubt be good news to the church peo-
pie OF Pensacola as well as Of the sta
ton and Warrington. for Chaplain Hes
ter has the reputation OF being an in
teresting and eloquent speaker.
Owing to the early hour OF the service
tend and return to the city for the reg
ulaf Sunday morning services at their
respective churches.
Chaplain Hester although a young man,
has had wide naval experience and is
well known throughout the service. He
was the popular and efficient young
chaplain Of the U. S. s. Pueblo when she
was doing convoy escort duty in the
early days Of the war, and as her chap
lain he saw service with the men of the
army, navy and marine corps when she
was q transport In 1918.
In 1919 Chaplain Hester relieved Chap
lain Edel on the U. S. S. st. Louis and
was on the St. Louis in the Mediterran-
can and the Black Sea during the stirr-
ing days of the bolshevist uprisings in
Constantinople and the Ukraine. After
the return Of the ST. Louis to America
he was attached to the U. s. S. Wright
where he has been a flying parson to
flying men for about a year.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-01
Hardwick Says
Georgia Does Not
Need Masked Men

ATLANTA, Ca, June 30.-Governor
Hardw. = declared late today that he
favor i a w forbidding the wearing
Of n ~ 1; public, that the state does
not need masked men and that there
will he no invisible" government in
It's boundaries as long as he is chief
executive.
The statement was made during a
brief address before the conference Of
the newly organized Georgia League
for Enforcement Of Law through con-
stltuted authority, and Governor Hard
wick devoted much Of his time to a
discussion Of the Ku K1ux Khan. He
had been invited to join the organiza-
ton, he said, and had read its htera-
,ture, but had declined the invitation.
Officers OF the khan, the governor
said, had told him that mob outrages
laid at the door of the khan had not
been perpetrated by 1t.
1T is unfortunate however, that
groups Of men in such affairs use the
same regalia as the klan," the COVER
nor added, and told the members OF
the league that he would send any
necessary aid to sheriffs and Judges Of
Georgia counties, who asked help in
breaking up various mob outrages by
bands of masked men, declaring mar
tials law IL necessary.
The Journals Advertising
Rate is the same to all.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-01
MALONE WILL SPEAK
TO SWINE GROWERS
President Of American National Bank K
Deliver Opening Address
July 10th.

President E: r. Malone of the Ameri-
can National Bank, has accepted an in
vitation to deliver an address on the
opening day of the mid-summ9r State
Swine Growers association at DeFuniak
Springs on the 10Th and goth of July. Mr.
Malone's subject win be THE Attitude
Florida Banks Should, Have Toward the
Livestock Industry
Few Florida bankers are closer in
touch with the agricultural development
of West Florida than Mr.. Malone, or
have a fuller conception OF what the
livestock end OF it means to this sec
ton. 1t is quite certain that his ad-
dress win be one of the features of the
meeting, which will be the first meeting
of the association held in this part Of
the state in several years.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-01

The Journals Advertising
Rate is the same to all.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-01
Activities of East Hill Baptist
Attract Attentio n-Now Starting
Great Evangelistic Campaign
Large Tent Erected in East Pen
sacola Heights Seniors Car
ried Banner at Assembly.

East Hill Baptist church by its varied
activities Is furnishing much interesting
news to the Pensacola and west Florida
public at this time.
Thirty-one people from this active
church attended the sessions of the recen-
ly held West Florida Baptist Assembly
Two members Of the faculty at the as
sembly were from the East Hill B. Y. p
u, Misses Elizabeth and Martha Penn.
Miss Vera Hendriyx, also of this church.
was for the third time elected recording
secretary.
Carried Banner.
The activities Of this church, already
well known all over west Florida, were
called to the attention of the people of
this section in an especial way during
the assembly when the Senior b. Y. p. u
carried away the banner as the most act
I've and efficient organization OF It's kind
in west Florida.
The largest undertaking which this
church has attempted so far, however
will begin Monday night, July 8, in East
Pensacola Heights when, led by the pas
tor, the church will hold the first evane-
listic service in a campaign to last over
ten or twelve weeks.
Tent Seats 600.
A large tent and other necessary equip
ment has been purchased and is being
erected in the locality mentioned. 1t is
the purpose of the church and pastor to
remain in one locality for from ten to
fifteen days, moving the tent perhaps as
many as five times during the campaign.
The McKinnon Music Co. has kindly
loaned the church a fine piano for its
use during the entire campaign.
Chorus Choir.
Space is provided for a chorus choir
Of at leasts sixty voices and the entire
tent has a seating capacity of six hun
bred. While this campaign is under the
auspices of East Hill Baptist church the
entire public is invited to take part as
much as is consistent with their own
:hurch duties and reap whatever benefit
hey may. Detailed notices of these SER
ices will appear in the city papers from
irne to time.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-01
to the :rust committed.

TO the trust committed.
AL. Stearns checked out for tho final
time at $3.50 and shortly afterward he
received phone call requesting him to
report back to the postoffice. Never
once dreaming what was in store he re-
turned and when tho entire force greeted
him in Postmaster Forbes office and
presented him with handsome gold
watch as token of their esteem he
was thoroughly surprised. The presenta-
ton was made by A. E. Van Metre, after
which Mr. Stearns with emotion spoke a
few words, and called upon one of his
friends. Don Mcclellan, who made an elo
quent acknowledgement in his behalf.
All of the forty-four employees, includ-'
ing Foreman I. T. Faulkner. attended the
brief but touching ceremony.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-01
l. m. 1910: Z p. M, 1904.
Hourly TempePatiures
noRraEwHIp GEORGIA MAN.

vALDOSTA, Ca. Juno 29.-N. G. Ro-
ney, horse whipped yesterday by party
% me nEarbed in the costumes Of the
Ku Kn,x Klan, was able to appear at his
nIaca 81 business today. He says he was
cautioned that he must stop drinking
whiskey, stop selling liquor ana never
again to address white lady Objects
say that he recently completed year .
sentence on the chain gang Tor Vlolatihe
the prohibition law. An alleged Insult 70
a woman who entered his store Is ''io
TO have prompted the whipping
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-01
Retires After
Thirty Years
In The Service

Completing thirty-ore years of contin-
,s.s service in Uncle Sans postal de-
par,ncnt without lay-off or a blot
against his record. Fred Stearns was re-
fred yesterday afternoon with pay. En-
te-!ng the postoffice here back in 1891
when Major Humphreys, long since de-
ceased, was in charge, he has been en-
ployed ever since and his retirement with
pay is in recognition of. his faithfulness
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-01
Ancient MortuarY
Tablet Installed

CHICAGO, ILL.,. June ga Chinese
mortuary tablet of the period 265-e1S A.
D. has been installed in the new Chinese
room of the Art Institute; it closely re-
sembles, in shape and size. occidental
granite grave markers of today.
In followed niche in the center, in
relief, Shaka Buddha sits in an attitude
of meditation; on either side sit two
Bodhisattva future Buddhas or saviors
Of the world) Two saints stand in ador-
ing posture in the background An in
scription on the border which probably
gave the names of the dead and the
burial date Of burial has been broken
away, except for a fragment.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-01
U. S. WEATHER REPORT

Pensacola, Fla. July 1, 1922
Sunrise, 4:51 a. M; Sunset, 654 p.
M Moonrise, 11:42 a. M; Moonset,
1851 p. m.
Next phase Of the moon 1st quarter
July 1.
Next high tide about p. m.
Next low tide about midnight.
Yesterdays Weather
Temperature
Dry Bulb Wet Bulb
IL noon ............S2 rs
a. m. ............I6 "A
p. m. ............S2 II
Highest. 81: Lowest, 70: Mean so;
Normal, 81.
Accumulated excess this month to
date s.
Accumulated excess this year to date
2.22.
Highest of record this time of year
101.
Lowest of record this time of year,
81.
Rainfall
For "a hours ending p. m, OF.
Total for month to p. M, LA.
Normal for June, 4.87.
Accumulated deficiency this month to
date S.13.
Accumulated excess this year to date
.7S.
Humidity
ia. m, 80: IL noon, 7s; p. m, 7s.
Barometer
Z a. m, 1910: p. m, 1904. -
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-01

If you tell your wants in the
classified column you are sure
of getting what you want.
The Lynden tribune. [volume] (Lynden, Wash.) 1908-current, 1922-01-26
the newspapers and magazines a great

the newspapers and magazines a great
States On account of these predic-
tons young men fiocked in great mum.
bers TO our schools of commerce and
enrolled In courses intended to equip
them for the solution Of problems
that confront exporters and importers,
Rut the expected expansion of our for
etsn trade has not materialiEed and
prohahl, viii not We cannot have
billions vi exports unless we have
equal billions OF imports. and for the
latter the American people are not
caser
The immediate future of American
business depends very much upon
what the course of prices shall be.
There are reasons for believing that
the present price level will not be mat
erially changed for several years
Prices on the average are now about
90 per cent above the prices of 1918.
Our gold stock is double what it was
ten years ago. and the credit facilities
of our banks. thanks to our Federal
Reserve system, are more than doub-
led The general level of prices in
any country is determined by the
available volume of money and credit.
We have an abundance of both In.
deed, the banks have credit far be-
yond their requirements. For these
reasons | feel safe in predicting that
American business will steadily i'm.
prove during the next twelve months
and that the American Santa Claus
will wear much bigger smile in 1922
than in 1921.