davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-12-29
Reserve Banks Statement
Shows Slight Change
Rediscounis of Bills Secured by
u. 5. Obligations and CONNER
ciaI Paper Up sl4.O00.OOO

The weekly statement Of the Fed
erai Reserve banks reveals no i'm
portant changes. Rediscounts Of bills
secured by government obligations and
commercial paper increased slightly
more than $4,000. GOO, resulting in an
increase OF only Sis,206,J00 In reserve
deposits and member bank borrow
ingE Federal Reserve notes In eireu-
lation, on the other hand, we're just
s7,4i0,000 greater than a week aFo
These negligible changes, coupled with
loss Of only S7,s72,00O in total re-
serves, lowered the ratio Of reserves
TO deposit and note liabilities from
72.S 20 72.i per cent.
In the case Of the New York Fedeia al
Reserve Bank there was an actual gain
OF eight-tenths Of per cent In the
ratio, bringing the percentage up 70 80.
This change resulted almost entirely
from an increase OF about 100000
in total reserves. The New York In
stitution gained more in the item OF
gold with the Federal Reserve agent
than Il lost 60 other banks through
bookkeeping adjustments In the gold
settlement fund.
New-York tribune., 1922-12-29
Armour Outlines Scope
OF New Corporation
Will Facilitate Administration
and Financing of Illinois
Company, lie Says

CHICAGO, Dec. 2s.--Armour q Co.
Of Delaware, the new corporation In the
Armour string, was organized 20
acquire from the Illinois company "eer-
tain Of It's properties and assets for the
purpose Of facilitating tho administra-
tion and financing Of its business" ac-
cording 90 statement issued by J.
Ogden Armour.
Armour & Co. Of Delaware. Mr..
Armour said. will assume control Of
certain properties previously operated
as branches Of Armour & Co. OF llli-
nois. including the South American and
Cuban business, the fertilizer WORKS,
the soap business and Othor by
product plants and approximately $685.
10000 of investments.
With this completed, Il was said,
Armour & Co. OF Illinois will con-
summate the segregation OF It's indus
tries In accordance with the govern
mcnt's packers act.
A 500 900 900 block Of Armour 4 Co.
Of Delaware preferred stock has been
listed on the Chicago Stock Exchange.
Mr. Armour's statement was issued In
connection with this move. In IL he
explained tho purpose Of the new
corporation.
Proceeds from the sale Of this stock.
Mr. Armour said. along with $4,000 fo0
Of first mortgage bonds, will be used 10
retire outstanding per cent ten-year
convertible gold notes amounting 10
$50 ,000,0 900, and outstanding per cent
serial convertible gold dcbentures
amounting 20 f3,697.200 FOR the reduc-
tion Of floating indebtedness and for
other corporate purposes.
New-York tribune., 1922-12-29

way Association show that loadings Of
revenue freight are the heaviest on
record for this period Of tho year.
Tho number Of cars loaded with
revenue freight during the week ended
December rs was s6S,0s2, an increase
Of l02,0O8 cars over the total for the
corresponding week last year. Due 20
the seasonal decline, however, there
was decrease of 3l.746 under the
total Of the previous week. The move
ment Of agricultural products was the
greatest for this time Of the year In
history.
Compared by districts decreases un-
der the week ended December Q we're
reported In tho loading Of oil com.
moditics, which, however. showed in
creasos over the corresponding period
last year
New-York tribune., 1922-12-29

Attornty for Petitioner. its Broadway,
Manhattan borough. New York city.
New-York tribune., 1922-12-29
Financial Items

carl T. Naumberg heretofore win W
q WoUmar q Co. VIII become Ns..
vim r. Naumbcrg & Co. on ''"uN'' -
1898. -. ram
-. So, ,rproyed n new issue or lVVVV
srares of no par value oumulatiF" ~,
y.r,lble AZ preferred stock. Ihl- ~
vtock is being offered 70 the Ns"rtha
stockhcldcrl with mo rishs 80 N one
80" ~ new preferred for eaeh Iou,
.,.s-.s ~ cannon. stock is being oitereu eu
i, sslt The unsubscrlbed portion ~,
been underwrl,tcn and public otetlhs =, WI u
be- made after the Fibh'9 % NV
holders have expired. 49,
Il n Mcconnell. formerly. Nee-pres'o,e,h'
u the National Bank Of Comme.t,15s' az.
froIt has become afsociateo W. ,,teo
4 Co. as manager of thelr Dsllo'' ~
n q NcGcc, formerly manager o. oit.
Detroit office. becomes manaset o. 49, 80
= co'e evndlcats department In theW
main office az Cleveland.
& " straus & Co. yesterday announced
tho election of Herbert =. Maruh ~
vice president o,
ouo p osihotf vies-pTTe.,asnt q, I
Al p,ue.bv r. Go. and OF tho Htanah," |"
Gas and Electric Company. has WIN
fr.,v,, from these corporations ara theH
s,,bsidlarlcs a. ~ December a. 1879
Guaranty trust Company has been ap'
roInffd transfer agent Tor the Clns -
nrsfertcd stock OF tho Nahh hetoIa Noii' No
peny. consisting OF ic5.s00 shares par
value 500.
THE chemical National Bank ot New
vorE has bsen named trustee or an Issue
Ii fraf mortgage li-year per ceh' .N s,nN
Inc fund gold bonds OF the Eureka COM
pany 81 Erie, Pa
Guaranty Trust Company has been aap-
polntcd transfer agent Tor stock OF the
Lek. Erie g. Western Railroad company.
~on4tsting ~ 1890 shares or preferred
stort ami llsfo0 shares OF common atoeh'
each having a par value OF 'lVV'
Spencer Trask & Co. pursuant 70 a
profit sharing plan OF forty years ananpv ssanp,
ing VIII make distribution 1AhNN''
In unusual percentages.
The American water Works and Elee-
tric Company. Inc directors yeseraey
elected aa yice. president or the COM
pany. Warren Il. Noorhir.
Guaranty Trust Company has been ap-
,,t,t.d t-ustee under the intcrborough
Rapid Transit Company indenture dated as
IN October l. i9c2, providing for an Issue
~ not exceeding n5.ooo.ooo par value
io.ycar per cent sold notes due Oetooer
I. 1899.
y H. Gary. chairman ~ tho board OF
tho fnitod States Steel Corporation ana
orerfdcnt o. the American Iron ana steel
tnrtitutr yesterday announced that y. \.
Il clark one Of tho directors OF the IN.
stute lately IN charge; as PTs,a1ht, s,s.i cor .,
porntion. now IN liquidation. and formerly
nTesidert OF tho Laekawanna Steel Com
pany has been duly elected secretary OF
ihe institute and win assume his duties
January =.
The firm OF Chauncey. Hayes \ Lord
,,,iit n. dissolved on December 81, with
the retirement OF A. wallace chauncey.
wade n. Hayes and Herbert G; Lord jr.
have formed a new co-partnershlp unoer
tho meme OF Hayes & Lord 10 continue
fbe business. Philip RuEton. Inc, an.
nounce that 4. wallace Chauneey VIII
bscome secretary Of tho corporation on
January !. 1923.
The National Park Bank has been ap-
rofrted registrar of the new issus Of ii50o'-
800 shares of common stock Of tho Fleisch-
mann Company.
New-York tribune., 1922-12-29
lore Companies
Cut "MelOns"Or
Increase Capital
\, Iackawanna Takes No
|.eiion on Extra Dis
,,ibution; New Niquero
stock Payment Made

-. Of the Delaware, Lacka-
western Railroad declared
the regular quarterly divI-
Iftfess 80 cent. but took no action
81 = sr extra dividend OF per
praltIs. was declared this time a
9 'o s~ Niqusro Sugar Company de-
fIie ,. .',oek dividend Of 200 per cent.
w > ;ns<ember 20. Stockholders
pos .he elimination Of Sl,000,O00
'ieseo stock from the capitaliza-
fitis M, has all been exchanged
e. = ~ for the purpose Of re-
ne stock DIVIDEND,
~ sa,5srs OF the National Surety
S,'ln.0'ssnc ssncproyed the previous pro
s'iN r.ase the capital from ST.
~ % lnV.no 40 600 900 by declaring a
~ H,,,S Y, Of s3,000,O0o. The dis
81 ei'iesiuu~ 'siu hs made on the basis OF
bsiiel - "a every seven shares held
re .s 80, - record December 70.
~, "a rsr cent stock dividend was do,
a ~, ,he directors OF the standard
sred y ~ n Indiana 10 stocShold-
y rr.s,sTS Dssenber 2s. =,
q 0i,s.s,SssS sssS q 50 per cent in second
,.S s,si9'ls. ls.Osk, payable to common
sisssdfISS sisss1IS,r, of record to-day, was
~ tbe meeting cf the stockhold-
~, = 49, sseo JoEell Shops at Bos-
q canon .ss stock was increased. eS-
?, No', ,Is total capitalization from
no.n Al "a Ss1si,S00. The company
~. ,,ertile machinery.
,s..s.sstsolders ~ OF the Cumberland Pipe
s.'1srny Germany voted stock dividend
's ~ - ~ cent and increased the cap
". ~ from $1,000, 900 20 $3,0eo,0oO
ss,tSolders Of the Cities Service
ev,rv a a special meeting IN
~, Del, yesterday approved the
.'a,ss increase in the common stock
y nor. 900, 900 TO s40o,ooO,O0o. Di-
-. later went into session in New
= but finally adjourned to meet
IN this morning. .
n. Pspublic Cotton Mills, OF Great
s {, was authorized 70 increase
,,sltal stock from S1,2o0,ooo 70
/, tt3 900.
New-York tribune., 1922-12-29
sURRoGATEs' NOTICES

ROSENBAUM. KARL--THE PEOPLE or
the State Of New York. by tho grace of
God. free and Independent
To Pauline Meyer, Adolf Rosenbaun.
Mary Meyer Alfred Rosenbaum, Gustav
Rossnbaum. Emil ROsenbaum. Emma ELL
stein. Elsa Meyer Bertha Goldschmidf.
Hedwlg tor ifodwicg) Dlchman (0r Dick
mani. "John" Rosenbaum, the name
John" being fictitious, his real Christian
name being unknown to ,peutionert Else
Rossnbaum. the heirs and geKt Of kin Of
Karl nosenbaum. deceased. sond greeting
whereas. The German Society Of tho
City Of Now York, having its principal Of
Ace al No ilT Fourth Avenue Manhattan
applied % tho Surrogatea' Court of our
County OF New York 10 have certain
instrument IN writing relating 20 both reai
and personal property. duly proved as the
last viii and testament of Kari Rosen-
baum. who was az the time Of his death
resident Of the County Of New YORK.
deceased
Therefore you and each Of you are cited
70 show cause before the SurroEatcs Court
Of our County of New York. 40 the Hal
4 Records. ln the County Of New York. on
the nth day ~ January, one thousant
nine hundred and twenty three, az haif.
past ten o'clock In the forenoon OF that
day, why the said will and testament
will OF real and personal property.
In testimony whereof. W. have caused
the seal Of the Surrogates Court of the
said County of New York 10 be
fT.sl hsreunt0 anixcd. Witness. Hon
orable John y. Cohalan, surro-
gate Of our said County of New York. az
said county, the 2tth day Of November. in
rho year " our Lord one thousand nine
hundred aud twenty-five.
MARTIN q. McCuE
Clerk of the surrogate's Court
LOUIS v. EBERT,
Attornty for Petitioner. its Broadway,
Manhattan borough. New York city.
New-York tribune., 1922-12-29
Armour May Resign

Special Dispatch 70 The TnbaHs
CHICAGO. Dec. 2s.--J. Ogden Armour,
it was reliably reported to-day, Is con-
templatlng retirement from the presi-
dency not only OF the newly formed
corporation Of Armour & Co., Of Della
ware, but Of Armour & Co., Of Illinois,
as well.
Succeeding him. Il was said, will be
+. Edison White, at present yice-prosi-
dent OF both corporations, who has
grown up" with the Illinois corpora
tion, with which he started twenty-five
years ago.
Mr.. Armour Is slated 10 become
chairman OF the boards Of directors OF
both companies.
lt was also learned that the merger
OF Armour & Co. and Morris &
Co. is virtually an accomplished fact.
All that withholds the announcement
Of the absorption Of the Morris inter
ests is the working out Of some Of the
details on inventory values and the
testing Of some OF the Morris accounts.
New-York tribune., 1922-12-29
Sulphur Export Corporation

WASHINGTON, Dec. 2s.-The for
nation OF tho Sulphur Export Corpora
tion OF New York City under the ex-
port trade act for the purpose Of ox-
porting crude sulphur was reported 70.
day to the Federal Trade Commission.
The officers Of the association, all Of
New York, are: Clarence A. Snider,
president; s. Msgnus Swenson, vice
president; James T. Kilbreth, secre-
tary; Charles W. Kemmler, treasurer
The following are stockholders and
members; Henry Wilton, New York;
Clarence A. Snider. New York; Eric p.
Swenson, New York; s, Magnus Sven
son. New York: Walter r. Aldridge.
New York; WILDER Judson, New York;
the Union Sulphur Company. the Free
port Texas Company and the Texas
Gulf Sulphur Company.
New-York tribune., 1922-12-29

A further decrease IN tho demand
for freight cars In excess Of the cur
rent supply was shown b. additional
reports 10 the American Railway Az.
ISOLATION. The total shortage IN ears
on December 10 amounted 10 i05,ois,
compared with iii06i on December
3. decrease Of 6,o43. The shortage
In box cars was te.495, n decrease of
1918. The shortage In coal cars
totaled 1900. which. however, was an
increase for the week % 1857 cars
A shortage on December rs Of 3.il5
cars was reported Tor stock cars, de-
crenSe OF 1924 compared with that on
December s, while tho shortage in
coke cars totaled 470. an increase Of
S5 cars within n week. The shortage
IN refrigerator cars amounted 10
1919.
New-York tribune., 1922-12-29
sURROGATEs' NOTICES

CRAGIN, MAkY WiLLARD-iN PURSUE
ANCE or AZ ORDER of iionorabls
JOHN p. CoHALAN, a kurrogats of ths
County of New York NOTICE IL hereby
giyen 10 ell persons having claims against
hary willard Craein. late of the County
OF New York, deceased. % present The fams
with vouchers thereof 20 the oubscrlbefs,
al their place OF transacting business az the
once of Esselstyn 4 Haughwout. their 81.
torneys, No. 2 Rector Street. horolgh of
Manhattan. IN the cry of New York, on o.
LEWIS y. SpARROWE, MIRIAM VIII
LARD cRAGiN. Executors. Dated NeN
York, the stth day 81 June. 1923. eSskL-
EEacutOra On.ce ana 4. .. Address !
Rector street Borough OF Manhattaa. ciy
u New York.
New-York tribune., 1922-12-29
,..;.cbamber Cuts RepAyments

PARIS. Dec. 2s (By The Associated
..,G-Thc Chamber Of Deputies this
,i,g go by a vote Of 4i6 against j
's.3 a convention made December
~ h'.wsen the Bank OF France and
'.,vsrnment reducing from 2,OOO,-
" a6 francs 10 1,000,o00,00O francs
~, T.-ount which the government
\ ,.nsv the bank during 1922, thus
from 23,000,000,0O0 to 20
Z sso o0o francs the amount OF the
,.es., ..s.ss authorized for 1928.
New-York tribune., 1922-12-29
Houston. FibIe & Co.'s Deficit
Ia Estimated at $3.50. 900

KANSAS CITY, No, Dec. 15.-Ihe
deficit OF Houston, Fible & CO., broker
age firm, suspended from the Newy,
York Stock Exchange December lS, viii
be approximately s650.000. an auditing
committee reported az meeting here
to-day OF creditors Of the company;
This deficit, the committee said, would
prevent reorganization Of the firm and
make liquidation necessary.
New-York tribune., 1922-12-29
PROPOSALS

PROPOSALS Will ne RECEIVED BY
fhe Bureau ~ Supplies and Accounts.
al 10 o'clock a. M, January 2, 1919, for
gellvsfing paint brushes. billiard cloth, cot
Ion sheeting. muslin. sheets. emery CLOTH
potato p~eiing machines. linoleun' scfuo-
towels chairs. soap, metal polish, Their
r,olnetera. toilet paper, cotton RAGS white
cotton waste. dark blue cloth, magneaa
pipe covering. carbon paper and decA
ivn n y. etc Apply for proposals 20 TIE
Navy Purchasing Onlce. New York. y. T.,
an 10 the Bureau ~ Supplies and Accounts
DAVID POTTER, paymaster General or
fbs NAVY 1gsIGs11
New-York tribune., 1922-12-29
FINANCIAL MEETINGS

THE ASNUAL MEETING OF THE
siocholders of The standard Safe De.
posIt Company ~ New York VIII be hello
sf a.. oNiss of the Company. No. 20 Broad
street New York City. on Tuesday. Janu-
AIRY l6. 1898, 81 n .. m. Tor the election
of directors and Tor the transaction OF
such other business as may properly come
i0sEPH NJ. cuNNINGHAM. Secretary.
New-York tribune., 1922-12-29

SUPREME COuRT-NEW YORK COUNTY
H. AZ POND CO. INC. Plaintiff. against
s. W. MAIAS PRODUCE CO, NC,
Defendant summons. ..
10 TIE ABOVE NAMED DEFENDANT
YOU ARE HEREBY SUMMONED 10 an
swer the complaint In this action ani -
serve a COPY of your answer. or. n ihs
complaint n not served VITA this summons
20 serve notice ~ APPEARANCE on The Plain
tlfrs Attorney within twenty days after the
service of this rurimonai exclusive ~ tha
day of service ln case ~ your failure 90
apDfar or answer. judgment VIII he taken
against YOU ~ default Tor tue relief de-
manded ln tha complaint.
Dated Rev York November -. 1922.
ALBERT WOODnCfF oNAf.
Attorney Tor Plaintiff, Once Ems Post
OffiCo Ad1rcrs. No. III Broadway NeV
YORK Cily. y.
10 g. W. aiAHAN PRODUCE CO. INC.
The foregoing summons IL served upon you
hy publication pursuant 90 the order ~ fhs
Honorable George " Mullan, Justice ~ the
guprome Court ~ the State of New York,
dated the eth day Of December. 1899. died
with the complaint IN the once Of The Clerx
0f said Court AZ the County Court House IN
tho Borough of Manhattan. City. County and
state Of New YORK.
Datsd this en- day of December. 1915.
ALBERT WOODRUFF GRAY,
Attorney for Plaintiff. once and Il. q.
Address. No. III Broadway. New YORK
CITY ~ ~
New-York tribune., 1922-12-29
DIVIDEND NOTICES
INI-TRyATI0NAL PAPER COMPANY

INrbitNAIlVyNaib y,sii ,stdnns.y ~ al isat
The Board of Directors have declared
reFular quarterly dividend q ons ana
one-haif per cent q - on the preferred a
capital stock o. this COMPANY. ps{eoi,e
fsnuary ftth. 1871. 20 preferred siockholds
ers of ro~osd AZ the close OF buAneas
Januory sth, i72t.
New-York tribune., 1922-12-29
Federal Land Bank Bonds
nIni siock Land Bank Bond.

BID Ask lIeId'
Toint stock Land Bank
g. is5i-ts7i ......-t.loo lo5 Aso
Joint Stock Land Bank .
b4a iagi.Is3t ........io1h 1917 Afs
JcInI stock Land Bank
g. is3s-i92f .......... stA looh 80
ChicaFo Joint stock Land .,
Bank tisa ifti-ifli.- .iobh ipaa toa
Chicago Joint STOCK Land -. 80
Bank o. l3i7-ioio.... fsh iQp3 Ass
Chicago Joint STOCK Land -
Bank 81. ifti-is1i .io1i5 lolb Ao9
Chicago Joint Stock Land .
Bank o. i35z-i332 ..,.lQsh lQsn ts@
New-York tribune., 1922-12-29

The proportion Of the banks reserve
70 liability this week Is 1917 per cent
last week II was 1902 per cent Rate
OF discount, per cent.
New-York tribune., 1922-12-29
Freight LOadings
At High Record
For This Season
Show Increase of I62,OO8
Cars Over Last Year for
the Week Ended Dec.
10; Demand Decreases

Reports 80 far received for Deeem-
Der from tho railroads By the car
service division Of the American Rail
New-York tribune., 1922-12-29
Toronto
Miscellaneous Mark cts
New York State Bonds

Issued IN coupon and registered form.
not interchangeable. Coupon bonds regis
trrabic.
Form Rate Maturity. bid. Ask. rield,
80. Traru =
New-York tribune., 1922-12-29
Livestock, Meats, Provisions

Yesterday. Year ago,
steers. fair 10 -
prime, 100 lbs. $500 lV.oo
Dressed beef, - a.. go "a
ridea. ib....t. 'lVg ~ IL" ~
1--we veals. COM
mon 20 prime ,. .M.,.,,
roo lbs .stt.s lo'VVHAp'NV 'NNS WV
Dressed veal. - -, ,.o -,
cIty. 10 ...... .lSV 80 wv 80
Live sheep, 100 ..... ,Mo Esa
lbs. s.tsFtsffs WV ''
Dressed mutton, - . 40 a.
cite lh....... sN90 10 'V'V 80
live lambs. fair
60 prime. 100 ,,,. nooa,.F
lbs. .s'.s.,st' AhNN" NV
Dressed I am bs. ..a al,
city 10 .sssss 'ltH - .'sSS,nIe
Hogs. 100 lbs. 3poN F'sV ''FV1iN''F
Dressed hogs. ba- ,,,
con 10 .....s. .lAh W.lAt LA AVafA
Pork. bhl..,s.. aitoNss'sl .Npvu .s'Ds
Yam bsof hbl.. 1900 oalsQo lz'Vp0lAVV
Lard. Mid d le
West. 100 lbs. ii.t50il.bS HsVo Wv
New-York tribune., 1922-12-29
Bank of France Statement

PARIS, Dec. 2s.-The weekly state
ment OF the Bank Of France SHOWS 'he
foliowing changes in francs;
New-York tribune., 1922-12-29
Bank of England S. liemen.

LONDON, Dec. 2s.-The weekly state
ment Of the Bank Of England shows
~. fotlov-ipv changes.
New-York tribune., 1922-12-29
Help Wanted

New York Municipal Bond Houis
desires 10 secure services Of Two or
three well trained junior ,alssnen.
This !, a splendid opportunity, with
unEmi.ed future for men Of the right
iype. Apply BY letter to Box 81,
Doremus & Co., a Broad st., New
York, stating age, experience and
salary desired.
New-York tribune., 1922-12-29
Federal Reserve Banks

w.sHGroN Dec ssrh condition Of the ysES y sdef e''''
ciose of busn December ~ was q" iOHO"''
"hAs o. WV RESOURCES
New-York tribune., 1922-12-29

scaled for payment a, i'i jan iS.
'tcail.d for payment At lo'H Fsb' l.
Iiis -, ,ssu F,h IA
isil
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-11-08
APPROPRIATIONS BELOW
THE BUDGET REQUEST

WASHINGTON, Nov. 3.-In circles
either uniformed or DESTROYS of mis-
representing the facts, the charge is
made that the Congress was a spend
thrift" body which would have run
wild" with extravaganza had it not
been held in restraint by the budget
bureau. The purpose of this propa-
ganda is obvious.
The Republican Congress cooper
ated 100 per cent with the budget bu-
reau in perfecting the economy pro-
gram of the administration. Director
Dawes testified to this fact publicly
on two or three occasions. Even had
he not done so, the official figures
of the House and Senate committees
on appropriations would prove the
fact.
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-11-08

denser, 1t Ii not only possible 30 tune
finely, but also, by changing the ratio
OF capacity to inductance used to re-
eeive the same signal, the sharpness of
tuning a be varied.
The grid circuit of the tube Is
coupled to the antenna circuit by
means of a few turns of wire on the
rotor of the v~ario-coupler. The tun-
ing of the circuit is accomplished by
e of the grid variometer. The
grid condenser Is the grid with respect
TO the flament, so that the only ca
pacity In shunt with the inductance
In the grid circuit is that between the
grid and flament in the tube. The
shunt capacity gives the greatest in
ductance with a very small value of
voltage variation on the grid for a
given signal in the antenna. Since
a vacuum tube depends for its opera
ton on the amplitude of the voltage
applied to the grid, it is desirable to
use only very small values of shunt
capacity in the grid circuit, especially
on short waves.
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-11-08

The House committee on appropri-
ations made it a rule to take the es-
Inmates submitted to it by the budget
bureau as the maximum amount of
money which it should recommend
appropriated rather than the mini
mum. 1t strictly observed this rule.
There was scarcely an estimate sub
mitted to the House committee on
appropriations by the budget bureau
that was not reduced by the House
committee The House itself. after
it had finished consideration of the
appropriation bills, had reduced the
estimates of the budget bureau by
several million dollars.
After the budget estimates had
gone through ell appropriation COM
mittees and both branches of Con-
gress, the final total appropriations
made by Congress were 1880 ,81S
less than the total estimates submit
ted and asked for by the budget bu-
reau, OF a reduction under the budget
bureaus figures of approximately z
per cent.
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-11-08
DR.. STEINMETz ON LIGHTNING
Noted Authority Answers a Question
of Interest TO Fans the
World Over.

Doctor Steinmetz, who lis an author
ity on high-power electrical phenome-
ma, was asked the following question
during his visit to the radio congress:
Question: Doctor Steinmetz, many of
us have amateur radio receiving sets
In homes. We have heard rumors
that the underwriters consider that
there lis a fire hazard because of the
antenna and the ground connections,
and that certain restrictions may be
placed on amateur installations. We
would like to have your opinion as TO
the real hazard involved.
Answer: There Is no hazard In the
amateur radio receiving stations. 1t in
wolves no fire risk nor risk to life. 1t
lis merely a harmless toy, but is a great
deal more than a toy. 1t is one of the
most valuable developments of the last
years, by its instructive and education
al value and the recreation and pleas
ure which it supplies. 1t would, there