davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-01-08
Forei OH Loans Should Be Floated Only
for Essential Purposes of Peace,
II. &. Moulton Contends
BY II. c.. Moulton

Professor al Economics University of Chicago
|lE extension of credit by the United Europe
repeatedly urged the only solution
Immediately after tie amice there suggestions
huge American loans of fifteen billion dollars
WORN lii France While the
months been gradually Whitfield
there has until recently little
oregn credits The for the European
pose OF this article briefly the history
the and the rigid upon further loans as
New-York tribune., 1922-01-08
New knitting Mills Opensda. g.

The new mills of the Yorkshire nd
ting Company, Ingraham Street asS;- n;
Porter Avenue, Brooklyn, were .sss,~
Gated by dinne: dance and 49,, ~,
tainment last nsghI by the emp!"ts tss
to the officers and travellers o.
company. !, xsAt
S. Lubasch, president, announces
the Official opening Of the con'p
new showrooms at BIT Fifth Aven'"
morrow. ---~'
New-York tribune., 1922-01-08
Vast Amount of Securities
Have Come to This Country
American Investor Already Interested in Bonds of
Europe TO the Extent of
Billions

FTNltRE about billion and half Of dollar
outstanding. which
payable interest United States gold In addi
ton there another billion half of
which originally
department the American Express Company, of Of ia
different separate
New-York tribune., 1922-01-08
Restoration, of Trade

The economic rehabilitation of Eu-
rope and tho restoration Of intcrna-
tional trade and prosperity are not.
ultimately, to be secured by increasing
our loans to Europe from fourteen to
fifteen to sixteen to eighteen and to
twenty and thirty billions. Such de-
velopment would only intensity the
Observation-Disclosures which we are
seeking to correct. All this is not to
say, however, that there may not still
be an interval of time during which
Europe will have to borrow more. She
may perhaps find it necessary to 90
somewhat further into debt before she
can pull together and i-cgin the proc
ess OF getting out. But in the nature
OF things Europe cannot expect to bor-
row much more. The several billions
that have been borrowed since the
armistice have not placed Europe on
her feet; on the contrary, every nation
in Europe, England not excepted, is in
worse financial plight to-day than it
was two years ago. 1t is possible,
though not certain, that conditions
might have been still worse il VIC had
not extended huge postwar credits.
(The foregoing urticls Is reprinted
from "The Journal Of Political Econ
New-York tribune., 1922-01-08


In any case it is idle to suppose that
we could finance huge additional cred
its. Our own internal industries, par
ticularly those that were neglected
during the war, will continue to re-
quire substantially all Of the invest
mcnt resources of the country. In the
absence Of the war there is little, if
any, doubt that the United States would
have continued to be a borrowing ma
tion for many years to come; the
events Of the war have in no way
changed the fundamental requirements
Of the situation; they have merely de-
moralizcd the trade and financial rela-
tions of nations and raised the most
difficult problems Of economic reorgan-
ization the world has ever known.
One further plan Of extending for
cign credits has been frequently sug-
Vanderlip and Sir George Paish, for
merly editor of "The London Statist'
and widely known as writer on inter
national trade and finance. In tho
views of these men the problem Of Eu-
rope must be conceived as one prob
lem; that is to say, it is idle to talk
of extending credits to this, that or
other particular individual in Europe
or to this, that or the other particular
government in Europe. The problem
must be dealt with on Continental
scale; there must be pooling of all
as whole, secured by the joint guar
anty of the European governments.
Sooner or later. it is believed, this will
have to bo done il Europe is to be
saved. international action alone will
suffice.
This is undoubtedly sound doctrine;
because of the essential fact the re-
strcted absorbing capacity of the
American (and Brtish) investment
markets. Such a loan, if it did not
exceed few hundred millions might
be absorbed in the course of few
years. If it ran into billions it could
not he handled
New-York tribune., 1922-01-08
Colombia Cuts
Debts to u. S.:
Trade Better
Improvement Being Effect.
ed Despite Semi-Bank-
rupt Government Treas
ury; Imports Increase
Big Loans Are Past Due
81. 1000 Owed to Nation
al City Bank, Yet Country
Is Potentially Rich One

tSncciol Foreiou Ftnaac.ol Correspondence
BOGOTA, Colombia. Dec. Is.
4 LTHOUGH the semi-bankrupt
~ condition of the Colombian
government remains virtu-
ally unchanged, general financial
and economic conditions here are
showing Improvement. This is ex-
empllfled in marked manner in
the reduction Of balances owed
abroad. One Of the half a dozen
banks in Bogota, which in June had
on hand approximately s50O,0O0 in
unpaid drafts drawn by foreign
houses, mostly American, against
debtor firms, now has less than
$4,000.
1t is true that considerable balances
are still owed abroad but they are
largely the result of indiscriminate
selling witsout proper credit investira-
tons by American firms eager to ex-
pand their foreign business. The more
serious and reliable houses are rapidly
paying off their obligations.
Imports are also increasing some
what in the proportion that foreign
lnde ebtedness is being cleared UP and
vii! be stimulated still more as the
reduction Of existing stocks of mer-
ehsndise. accumulated as result of
the buying rush of 1920 proceeds. Re-
tail sales are on the increase, due to
- continuing and progressive reduction
OF prices.
The chief index of Colombian pros
rerity is the price of coffee, now about
normal, which, with the resumption Of
CONSUMPTION temporarily curtailed
during the war and the exhaustion of
surplus stocks, bids fair to show a
New-York tribune., 1922-01-08
Wealth OF Oil

Her probable wealth in petroleum is
atetsted by the number OF agents Of
foreign companies, principally Ameri-
can and British, who within the last
few years have literally swarmcd over
the face OF the land in quest of oil
options, and by the fact that the Trop-
ical OIL Company, an American enter
prise, has three wells which abe salts
factory from commercial point of
view, and has Installed a pipe line from
tae site of the wells to the Magdalena
River.
In addition to deposits Of gold, sill
yer, copper, iron, coal and asphalt, her
mountain streams arc mine of energy
which has scarcely been tapped, al
though foreign interests are becoming
alive to the possibilities in this direc-
tion. as is evidenced by proposal re-
Gently submitted to the government by
ex-United States Senator Lorimer for
the development of two falls. the de-
tails OF which have not yet been made
public
Yet with all these manifestations Of
wealth, the government has been
forced during the last few months to
pay at times more than IL per cent for
small loans of which it stood in abso-
iute need
New-York tribune., 1922-01-08
Budget Speech

In his budget speech on December
Minister for Finance De Neva esu
mated the deficit at II miliiards ig
1920'21 at miliards for 1921 %, ar
for 1929 at about 3 milliards II
minister trusts tho deficit can be NJ
by rigorous economy.
The reduction of bureaucracy has
already started and $500 employee
have been given notice; the expen.'
foreseen amount TO Is miliiarGs and
525 million lire, with decrease Of !
milliard and So millions, as compar.s
to the last financial year. The incons
give reason to hope for d notable in.
provement; they amount to 5 rnillar!:
and 769 millions, with 2 decrease q
only 2l5 millions, as com pared to lag
year. Notwithstanding the economu
crisis in TIE business world. The tea
paper circulation has decreased in or
year $50 millions, while shat OF goven
ment issue has decreased. in the ssS
period OF lbOuf TWO m IDS
New-York tribune., 1922-01-08

nomic organization to the production
of goods for export, we arc not in n
position to face the prospect Of having
interest paid in goods, with economic
composure. The situation is funda-
mentally different from that of Eng
land before the war, where the position
as creditor nation was attained grad
ually as IL result Of normal trade and
financial processes.
New-York tribune., 1922-01-08
Aeriot Enterprise

Despite its lack Of industrial de
vclopment, which is in great meas
ure due to inadequate transportation,
Colombia is up to date in at least
one respect. A regular hydro -airplane
service is in successful operation be
tween Barranquilla. on the Atlantic
coast, and Girardot. 400 miles inland
from which there is rail transportation
to Eogota. There is weekly flight
each way, both passengers and mails
being carried, and when it is con-
sidered that a journey which by river
beat requires at least a week through
tesolate surroundings is accomplished I'd
IN few hours. there is little wonder
tHat tie undertaking is succeeding.
with the National Treasury more
taan 1000 600 pesos in arrears in tho
payment of current obligations, and
the income of the nation insufficient to
meet necessary expenditures, the fiscal
situation Of the Colombian governmcnt
apparently goes from bad to worse,
New-York tribune., 1922-01-08
Loans Past Due

According to q presidential message
recently addressed to Colombian Con
Eress. 100000 OF the 1000, 900 now
due from the government without any
Immediate possibility Of payment, is
represented by loans past due aiming
them 1.1600c0 pesos owed to the Ma
tional City Bank of New York. and by
overdue Interest on government bonds
and notes. The other 5000 000 is owed
principally for personal services rend-
cred and material furnished.
In this message, the acting President.
General jorge Holguin. alsi calls at
tcntion to the evils which may super
,enc IN the prisons Of the country
maintained at the expense of the ma
tional government, caused by hunger Of
both prisoners and guards due to the
lack Of funds which to pay for the
food of the one or the services Of the
other.
Despite the gravity of the situation,
Colombia is potentially & rich nation
Only Russia can compare with her in
the production OF platinum. The
famous Muzo emerald mines worked
from the time OF the Spanish conquest
and owned by the government, are
renuted the richest in the world
New-York tribune., 1922-01-08

(The foregoing article Is reprinted
from THE Journal Of Political Econ
ly.'--FinancioL Editor.)
New-York tribune., 1922-01-08

Notwithstanding the opposi lion Il
the Socialist party, the government hm
interrupted comm erc.al negotiation,
with Russia. which for several monss,
had been going on IN Rome. The S.
viet's mission demanded that Ihl,
should no longer reeogniz ze Official,
the bassy Of the Imperial Russian
government in Rome. while many thsg-
sands OF Russians, attracted By Il.
mild climate. live in Italy, and ariv
exclusively to the Representatives d
the old regime for all papers and bus
ness relating to their civil life
This demand Of purely politia
character did not come within the field
Of commercial treaties. Many noble,
belonging to the Russian aristocrseJ
have opened restaurants. music halls.
dancing saloons, etc. and 20 endeaver
to earn their livelihood while waiting
for better times. Commercial relations
with Russia would be OF any lmpoy
tarce only if italy could renew to.
wheat imports from South Russia.
In 1923 Russia was our prineial
source of wheat supply. ~ presea:
instead. the Italian governmen, helpl
the Nansen Mission for starving Rus
slams. sending a first contribution q
500. 900 lire. Another OF 1905 ,Da9 In
was subscribed by the Socialis. party.
New-York tribune., 1922-01-08

>, What now is the hope from this Ter
Meq1eh scheme? VIII it solve the
Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-09-29

I hereby give notice that ny napi
istrstion Books win Aavs to b slssse :
on October 9TH, 1929, for thirtyAnyUs'
before the Congressional Else11snv.
and it therefore u very importaae@
for All those who wish to Vote =
this Election to qualify Themselves :
by Registration, before that date.
Leaving out Sundays and heliasD-
there now remain only 10 days ness :
for those who are not registered -
qualify themselves for this Elsetiea..
CHS. II. ROWAN,
Registrar Of votsrA
Office Court House,
st. Joseph, La, e
Sept. 18th, 1929. :;
Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-09-29
PROCLAMATION

The time has come when the peo-
pie Of this country are looking to
the conservation Of the natural and
the preservation Of created resources
Of this country. Our forests, and our
animal and bird life are being pre-
served, our water power and water
ways developed and utilized and the
hidden forces Of nature conserved
and made subservient to the well
being of man.
y But there is no drain SO appall-
ing, 70 useless, as the enormous fire
waste Of this country, amounting
to more than $3.50; 900. 900. Statis-
tics complied by the Fire Marshal's
Department Of Louisiana show that
the hre loss in this State for 1921
amounted. to $6,347,541 or more
than. the cost Of maintaining the
-State government during the same
period.
+ We haye learned that it is easier
and cheaper to prevent than to. ex-
tinguish fires and the enormous fire
waste can be minimized by educa-
ton and active cooperation for fire
fighting.
Let hrs drills be held in institu-
tions,. factories and in public, paro-
ehial and private schools and
earnestly recommend that short talks
b given BY the teachers on the dan
pef Of ere and the simpler means
Of Are prevention
Conservation Of life and prop
erty from hre is . patriotic duty
and I urge every citizen an; civic
body TO toin in the observance Of
FIRE PREVENTION WEEK, which
has been designated by the State
Fire Marshal the week commencing
October End.
W. M. DAVIDSON,
Mayor.
st. Joseph, La, Sept. 26, 1922.
Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-09-29

than Thirty cents for each square
foot. The said Board il hereby grant
ed the right Of way over, and use
Of any public lands and property
necessary for the purposes hereof.
provided, however, that there shall Be
reserved and dedicated forever for
public park and for beach purposes .
space Of not less than 1000 feet in
depth along the entire laks front Of
said improvements.
I ..(c) Said Board may also acquire
by donation, exportat;on or appro-
priation without further legislativs
authority al private lands or other
property in the Parish of Orleans and
adjoining parishes a. may be neees-
sary for any Of the purposes Of said
Bosrd,or Of the said improvements,
and to improve, or cause the same to
be improved, and may pay therefor
ir the yame manner as the said
Board now pays for property taken
BY it on the Mississippi River front
in the Parish Of Orisan..
Section 2. Be it fu:-Ler resolved.
et:,, That on the officlal ballot to be
used at said election shall be placed
the words For the proposed amend
msnt Of Section q, .Arti"e XVI, Il
the Consultation Of the State Of Lou
isiai.a" and the worls against he
prcls lsosedNS amendment Of Section Z,
Of Article XVI. Of the Constitution Of
The State Of Louisiana" and each
elsctor shall indicaye his vote on The
proposed amendment a. provided in
the; general election laws Of the State.
Approve by the Governor: July 13.
1922. i
"A true copy. 1888
JAMES ]. RAu-EY.as,
Secrstary Of State. I
Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-09-29

RADIO COLUMN
Edited By T. W. Smith, AeW. /,
Light. L..
eooo 900 90 Ga


The Gazette ID. pleased 70 aP-s.
nounce the establishment Of . ra@iAd
column, to be edited by Mr.. l. u. u,
Smith. Of New. Ljgh& La. In tbleeni
column al questions dlalating 70 ~ .,
dio that may be addressed 70 ~ o.
editor win be carefully answered, "a
and made clear to the. SeaaNk -. a
public who are siptereetsd u rsdIs
are invited to ask any sapes4epGsa
the subject that may suggest thsm-
selves, and M. Smith who hea peds. "a
q study Of the late diseaysus. wm
take pleasure in replying THROUGH. - 81
same medipm-...ths Il Gazette. Ne AZ
questions will be answered sze@1kss
through the Gazetts. He can b -, a
dressed direct at New Light o. q :
st. Joseph, care Gpzstts.
Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-09-29
FLIES bring DISEASE!
KEEP THAT FIRST FLY OUT.

KEEP THAT FIRST FLY OUT.
The Fly that Fits Absst ths Fass.
Lighting o. Food, Leaves. IN His
Wake Possible dissass anA Death. &
You can't XIII every Fly bat Yea
ca. Keep Every fly Ost " Prspss
Screening. A mild winter and spsiH0-
Mean more Flies.
The Screen 10 important. One ~
now Means . thousand More lases.
Don't Give the Dread Disease bsas.
er . Chance to Enter your Hone.
We are Prepared to Suppay PES
With q variety Of Doors, Window
And Screening Materials at rsassa-
able prices. Our large stoek sives yss
q Variety to Select From. SAipaeaese
are Made Promptly.
Ask For our Folder describing Ths
Line and Prices.
Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-09-29

St. Joseph, La, Sept. rs, 1922.
Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-09-29
Acri.No l27..

ACT NO. 127.
House Bill No. 127.
By Mr.. Womack
A JOINT RESOLUTION
Proposing an amendment Of Section
s of Article XII Of the Constitu-
ton relative to Public Education.
Section 1. Be It Resolved BY the
Legislature Of LouisiaA1, two-*hisis
Of the members elected 70 each House
concurring herein; That ct the next
election for representative IN Cen
gress to be held throoghout the Stats
on the 7th day Of November, 1922.
there shall be and il hsrsby submitted
to the electors, for their approval or
rejection. in the manner provided by
the constitution and general election
laws Of the State, . proposition to
amend Section s Of Article XII Of
the Constellation of 1921, 70 - to
read. - fellows:
Section s. There shall be elected
by the pespls' st eash'suecssdins gem
sral election . State Sapsxistsalent
Of Public Edueatiens who shsll be ex-
offieio Secretary Of the Dsasd, md
whose salary shall ba fxsd. BY the
State Board ef EAncation at not les
than Five Thousaad o.. .0oe.00), Doll
lars, nor more than Ssysn Thousand
Five Hundred ($7.6oo.o0), Dollarss
payable monthly On his .ewn. war,
rant" s.-
And II . majority q ~ slssssrsi
voting On sid pfopssitssaIvots iuifa-
vor thereof tie afsFemsnt1sasdl.Axti.
Gle end Section Of Ito Ssnstituion
shah be- 90 smende'A :
! Section e. There slnll ~ printed
upon the ballot; Tor lie ams6ansnb
to section ave co. Hrtiels tws:sS (tSl
Of the Conttitution' of 1e2ts' end
against the ansndmSnt ~ article
Eve (5) Section twelve k12) Of tAs
Consultation u 1921 = and eaeh.slee-
tor shall indicate, u provided in. ths
general election laws in this Statss
whether he vote for or against said
amendment
Approved by the Governor: July
1s, LIS p. N.
:; A true copy: :"
.-e2r JAMES ]. BAILEY,
90, Secretary a State
Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-09-29

ACT NO. 1O6
House Bin No. 207.
By Mr.. Pres
JOINT RESOLUTION
Proposing an amendment to Article
XVI, Section Z, Of the Constitu-
tom Of the State Of Louisiana
relative to the eonstxuetion and
maintenance Of lsvses and en-
bankmsnts along. over, and in
- the bed Of LakA Ponehartrain.
etc., by the Boari Of Levss Com
'' missiones of The Orleans Lsvse
District
Section /. Be Il resolved by the
'fesislature Of Louisiana, two-thirds
of an the membsis elected to each
House coneurring,
That tie following amendment to
Section 2 Of Article XVI Of tha Con-
Stitution Of the State Of Louisiana b
submitted to the electors Of the State
st the next CensEsssional Election
to Be held on The first Tuesday altar
tie first Monday in Novsmber, 1922.
to-wit: d. ~
=" I'd The Board II Lsves Comnie-
iionsrs Of the Orlsans Lsves District
shan, except . otherwise herein
changed and amended, have and sxr
'ercise Al the powsrs now conferred
BY Consktutien Or Statutsse upon
them. Said Board shan have full pow
er to construct, maintain. extend,
and improve lsvsss,l smbankmsnts,
seawalls, jsttisa, and other works
along, over, and IN The bed Of Lake
Ponchartnin at such distances, not
to exceed $500 feet from the pre-
emit shore line - t. said Board may
determine, and along on ths shores
adjacent 70 said Lake, and along The
canals connection thersvitA and in
such other PLACES in tn Parish q
Orleans. and the decent parishes -
said Board nayl ldetsrnine. cid
Ievees, emhenkments, ;seewalls and
other works to b Of such character
and extent aadsofs sseh AeiehAi ividths
|slope, design .and material - mid
Board may dseide. With pewees apd
authority 70 inpeeve and - psetset
said levsss, snbealmsnta and ether
works with susb, hpildingA saeualk
and retaining walls and an ssthar
structures - nay D. neesasasye end
proper;
(b) To sashls ssid Board to psrs
form such work. aad 10 assist h. de-
frying the sxpsnaas thsrsse dtAs
State Of Louisisna Aszsbg 0mnts and
releases to IL said 1osrd tn tile
Of the Stats 70 n lands within spy
Ievees. enbsnlussnas, rstsining
walls, and iseawslls. e6nSEraeted hsrs.
under. and hereby asls.sss 81 sai4
lands from ny psblisstEuse an1sau-
thorizes the satdp DeesA 70 leehina;
sell, lease. o.. StAsswise dispose. q
such portions q nd LANDS ind aay
other property Tssqsirsa for .tis spur-
poses -sf aAa AimprovsnsntS = tas
aid Board 1saS deem proper, pro<
vidsd poas q sueh laAds dhal -
~ ty ~ 1saSi q . yaiss -
Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-09-29
~ ACT No. Fl
Senate Bill No. 8.


Senate Bill No. s.
II. BY Mr.. G. II. Couvllion.
A JOINT RESOLUTION
Proposing an amendment to Section
I Of Article K Of the Consti-
tuition Of the State Of Louis
lana, relative to revenue, tax
alton and exemption.
+, Section /. Be it enacted by the
Legislature Of Louisiana, two-thirds
Of al the members elected to each
House eoncurring, That Section 4af
Article K Of the Constitution Of the
Stats Of Louisiana, b amended BY
adding to the last paragraph . See
ton 70 ~ to read - follows:
"Ths Legislature shall pass no law
postponing the payment Of taxes ex-
cept In ease Of overflow, general con-
flasration, general destruction Of
crops, Or other public calamity; and
may provide for the payment Of such
postponed taxes based on . reassess-
ment Of the properties affected. for
the particular year in which such CO.
lamity occurs, to BE- made before the
postponed tax 10 due"
Section 2. That the above amend
-.
ment shall BE- submitted to the elect
ors Of the State Of Louisisns fer ap-
proval or rejection at The Gsnersl
Election for Censrea 10 be held In
November, 1892, and hat the Seere.
tary Of State be directed to insert
upon the ballot to b used In said
election. and in the proper column.
the following: '
For the proposed smendment to
Section 4 Of Article 4 Of the Consti-
tuition relative to sevenue, tazation
and exemption"
Against the proposed amendment
Of Section 4 Of Article K Of the Con-
relative to revenue, taxation
and exemption" and each elector
shall indicate how he votes On. the pro-
posed sznendmsnt - provided for in
he general election laws Of this State.
Approved by the Governor: July
IL, Gas .. -.
A true copy:
JAMES J. BAILEY,
Secrstary Of State.
Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-09-29
POSITION WANTED.

Position wanted - plantation man.
ager; over 80 years experience; y.
fer by permission to previous g.
ployes, Mr.. W. N. Davidean. q
Joseph, La, and Mr.. Fremont ce1d-
wine, Deltabridge, La.
J.H ROLLINS.
st. JssspA. =.