davidaulloa/AmericanStories huggingface dataset:
Sioux County pioneer., 1922-10-05
U. s. to Ald n smxrna.

London-A Reuter- dispatch from
Athens says that Admiral Bristol has
informed the Greek government that
the United States will undertake to
portect the removal of the remaining
100000 refugees in Smyrna II Greece
provides the means Of transport. The
Americans further undertake to pro
vide shelter and food for the refugees
and fixes. a limit OF one week for their
embarkation. The Greek government
has gratefully accepted the offer and
will begin work at once. q
Sioux County pioneer., 1922-10-05

and combination,
are especially
good. Try these:
Mustard Pickles.
Take "a small
cucumbers, one
quart of small on
ions, two cauli-,
flow q r ~, + u.n
Sioux County pioneer., 1922-10-05

quarts OF green tomatoes, six green
peppers, one-half pound Of mustard,
one-half ounce Of turmeric powder.
three-fourths cupful of flour, one cum
full Of sugar, 31k qnarts Of vinegar.
Cut the vegetables into small pieces
and let them stand overnight in
brine, using one cupful of salt to
gallon Of water. In the morning scald
and drain thoroughly. Mix the mus
tard. turmeric, flour and sugar with
pint Of the vinegar to smooth paste.
add this to the remaining vinegar
which has been brought to the boiling
point. Cook twenty minutes, add the
vegetables and when cool place in Jars
and seal.
Pepper Hash.-Take twelve red and
twelve green peppers, remove the
white fiber and seeds, peel twelve on
Ions the size Of an egg, chop all very
fine, then add boiling water to cover.
Let stand five minutes and drain.
Cook together three pints OF vinegar.
tive cupfuls Of sugar, three level table.
spoonfuls Of salt, add the vegetables,
boil up once and turn into sterilized
Jars. Seal.
sptced Grapes.-.-Remove the skins
from and place in separate dish
eight pounds Of grapes. Cook the pulp
in three cupfuls of vinegar with four
sticks Of cinnamon. one ounce of
cloves and two blades Of mace tied IN
a CLOTH. Pass as much as possible
through q fine sieve, keeping back the
seeds. Add the skins which have been
simmered slowly until tender, add
four pounds Of sugar and the spices
and cook until thick. Seal inss glasses,
Very nice with venison. &
Mexican Eggs. Split three green
peppers lengthwise and take out tt,es
seeds. Fry two minutes IN very. hot
butter. Fry six very thin slices OF
ham. and place on slices OF toast, lay
the peppers over the ham and putgai
poached Or fried egg o. each slice. ss
|. ,x.Q
Sioux County pioneer., 1922-10-05
INDICTED MEN OUT ON BAIL
Judge Expected to OverruIe Any At.
u tacks on Indictments.

Marion, Ill.-Thirty-six of the "A in.
dicted for murder in connection with
the Herrin mine killings will be given
liberty on bond. it has been announced.
The remaining eight will not be al.
lowed bond, because of the alleged di.
rect evidence against them. Should
motions to dismiss the indictments be
made, they will not be granted, it was
learned.
Six men will be allowed freedom on
100000 bail, 10 on $4,000 and 20 on
$4,000, it was stated. Is are not in
custody.
The Miners union is prepared to
furnish the bonds. A committee of
miners headed by Mayor Pace of Her
rim, where the % killings occurred,
has been soliciting business men for
assistance, and sufficient pledges are
said to have been obtained to cover
the amounts demanded in the bonds.
Sioux County pioneer., 1922-10-05
BALKAN REBELLION FLAMES
Insurrection Breaks Out In Balkan
States; Insurgents invade Cities.

Rome has broken out in
Albania and the insurgents are march.
ing from the South toward the capital,
at Tirana. according to unconfrmed
reports received from Albania, via
Bari. The government troops have
been reported defeated.
Reports from Sofia say that peasant
groups continue to invade the villages,
drive out municipal officials and es-
tablish their own administrations.
Five former ministers were arrested
in connection with recent disorders.
Sioux County pioneer., 1922-10-05

breakfast the problem Is solved; I'll
saves trouble, food, ana gives one a
few minutes longer In bed; however,
the breakfast habit is fairly well es.i
tablished, having been active for any
number of centuries, so that the
housewife, present and to come, will
probably still plan and execute break
fasts.
1t is wise to remember that the first
meal should be a happy, quiet one,
starting the family off to their various
duties in cheerful frame Of mind.
There have been no statistics compiled
which tell us of the tragedies, crimes,
and miseries which have been caused,
by poor food, bolted in wild and
disordered household; who can tell.
the far-reaching effects of such condi-,
tions?
When proper thought has been given
the menu, there is no reason that it
should not be varied, as there are
countless ways Of serving the COM
mon things. Heavy, hearty foods are
not good for inactive people and when
one feels stupid and dull an hour or
two after eating it is wise to look into
the menu.
Most people enjoy a bit Of fruit in
season the first thing, then dish Of
cereal Of some kind, which, because
Of the variety, may be different every.
morning; an egg or bacon and toast
Hn1Ssh cup Of coffee, will be sufficient
for the average appetite
Hot breads, waffles, griddle cakes
may occasionally take the place Of
toast, though the season and temper
ature affects the appetite.
Tomato Butter.-After cooking ripe
tomatoes, carefully removing all the
seeds possible, use nearly equal meas
ures Of sugar and cook until thick.
Add an equal amount of well-cooked
slightly sweetened apple sauce to the
tomato and when hot put into glasses
and cover with paraffin. This Is very
nice with meats in winter.
Southern Pudding.-Take two cup
fuls Of mashed sweet potatoes, add the
yolks Of four eggs well beaten, two
pints of milk, one-half cupful Of sugar,
and teaspoonful of cinnamon; stir
in lightly the whites Of four eggs
beaten stiff and turn into we'll
buttered baking dish to bake. Serve
with any sauce or without.
Sioux County pioneer., 1922-10-05
Aid Proposed for uninjured Vets.

Omaha-Julius H: Barnes of Duluth.
president of the United States Cham
Der of Commerce. Informed Samuel
Reynolds, commander Of the local Am
e1can Legion post, that committee
had been appointed by the chambers
board of directors to investigate, the
question as to whether it is possible
with proper protection against impo-
sition, to develop any plan of relief"
for uninjured veterans OF the World
war who We're unfayorably affected In
their commercial % q status bys war ser.
vice a IL a
Sioux County pioneer., 1922-10-05
oliver Who Broke Mack WIN I ~

Chicago-Basil Wallace, printer,
who in diving two weeks ago broke
his neck, will live. BY an apparatus
whech stretched his neck physicians
relieved the pressure of broken verte.
brae on the spinal cord.
Sioux County pioneer., 1922-10-05

ing planned be-
fore. sThe first
meal Of the day
is to many house,
keepers the most
difficult meal Of
all. OF course, II
Won 90 wfthnutl
Sioux County pioneer., 1922-10-05

SDes Molnes Entertalns IL, 200 a. "A. II.
Des Moines The annual encamp.
ment Of the G. "A. II. being herd here,
mustered IL. 900 Civil, war veterans tor
the parade. Gen. u. s. Pelcher,s Of
Brooklyn, occupied the position Of
honor Ct the head q the parade. M
Sioux County pioneer., 1922-10-05
New KING u Jueo.slav Revolt. !.

- 7'S'' '<'''0 NEUTRALITY-SUSPICIOUS. n
Berlin-The Black Hand militarists
have proclaimed Prince George king
of Jugo slavik, according to reports
from the Hungarian town of Baja, 80,
miles from Belgrade. The revolution
followed Lloody clash. !.
Sioux County pioneer., 1922-10-05

This is great age. when a man,
impressed with great idea. can carry
out his project without being impris-
oned or thumb-screwed or prevented
in any form.-Dickens.
Sioux County pioneer., 1922-10-05
MORE PICKLES

Some mustard pickles which are
blended with just the right seasonings
Sioux County pioneer., 1922-10-05
WHAT TO EAT

The right kind Of breakfast, as any
ther meal, begins tHI day before,
Sioux County pioneer., 1922-10-05

ter the threat.
Constantinople-It is unofficially
forecast that the Kemalist reply tc
the Allied peace note contains condi
tions unacceptable to the Allies, in
that the Nationalists insist upon the
use of the straits for transporting
troops to Thrace before the beginning
of the peace conference.
A London dispatch sayst hat Mus
tapha Kemal Pasha's reply to General
Harrington's ultimatum, evades the
question of the withdrawal Of the
Turkish troops as demanded,p Kemal
declaring that he has no knowledge
of neutral zone. He complains OF
the action of the British in destroying
buildings and roads and concludes by
saying he concurs with the Allies in
the desire to avoid accidents.
While the Anatolan cabinet sitting
at Smyrna is completing its reply to
the Allied note, the Turkish army con.
tinues its concentration Of troops on
the Ismid and Chanak lines. Mus.
tapha Kemal Pasha now has LOO men
in Kun Kalesi, at the mouth of the
Dardanelels, and 5000 at Adramyti,
so miles southeast of Chanak, 10000
in the intervening Sanjak of Karassi
and considerable forces in the other
areas.
The British are checkmating every
move made by the Nationalists. Fur.
ther arrivals of military and naval
units are daily augmenting their fore
es and inversely impairing Mustapha
KemaPs chances of successfully at
tacking the straits.
The Sea of Marmora and the Bos.
phorus are dotted with the most mod.
ern war craft, the concentration rival.
ing that of the fateful days of the
Gallipoli campaign. The British feet
now includes six dreadnaughts, seven
battle cruisers, 20 destroyers and sew.
eral submarines and giant aircraft car.
riers. The assembly of this great
armada and the increase in the British
land forces to upwards of 10000 men
have quieted the frayed nerves of the
anxious Christian population in Con.
Washington announces that two di-
visions of destroyers, fastest warcraft
in the U. S. naval service, have been
ordered despatched from Norfolk to
Ships in the Asiatic
area already are on the scene. There
are six destroyers to a division.
Sioux County pioneer., 1922-10-05
EUROPE ON THE
VERGE OF WAR
British and MosIems Mass a
Chanak but Refrain From
Clashes.

constantinopIe-kemaiist forces
have occupied without opposition
four new positions In the neutral
zone Of the Dardanelles. This 10
the fifth violation Of the zone.
Remonstrances by the British Of
ficers failed to stay the advance.
Trukish cavalry under Erin keiu
with relnforcements 10 advancing
to the Northeast upon AsmalI-
Tepe, apparently to cut of the
British advanced post at kephez.
A British column supported by
artillery has left chanak to coun-
ter the threat.
The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1922-12-14

Notice is hereby given that the
above named bankrupt has this day
filed a petition for discharge, and
that a hearing will be had upon the
same before this Court at Char lesion,
S. c. at Ii o'clock in the forenoon
on the 9th day of december, A. D.
1922 at, which time and place all
creditors and other persons in inter-
est may appear and show cause if any
they have why the prayer of the said
petitioner should not be granted.
RICHD. W. HUTSON,
Clerk.
Charleston, S. C. Nov. 20, 1922.
1914
The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1922-12-14

emerging period.
The overwhelming problem of wee
vii control during the coming year
is the calcium arsenate supply. 1t
seems a great pity to me to allow 5
per cent or 10 per cent, of the best
off land owners in the South to mon
opolize the supply while the other 80
per cent. or 95 per cent. of the acre
age is being ruined, whereas at least
two methods of control are in exis-
tence (the Florida plan and the cal
cium arsenate-molasses plan,) by the
be controlled on so per cent. or more
of the acreage.
I trust that very many of the in
telligent farmers of the South will
during the coming year conduct ac-
curate experiments on the Florida
plan and the calcium arsenate-mol-
asses plan, varying these expert
ulSutS dS W dulOuulS dllu IlIlSS VI
application. In this way will there
be worked out the cheapest and most
efficient method of control. 1 should
be glad to have every farmer in South
Carolina who has tried any modifca-
tion of the calcium arsenate-molasses
method to write me his experience in
order that I may act as a clearing
house for this information.
You do me too much honor in say
ing I would succeed in the Red
Desert" The agricultural practices
which we use on our farms are with
the exception of methods of weevil
controD mainly those which are
recommended by the state and ma
tional agricultural authorities. There
is nothing mysterious about our farm
methods as will be realized by any
intelligent farmer who will take the
trouble to come here and observe
them.
The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1922-12-14
NOTICE..

If you need money and wish it on
long terms in amounts less than ten
thousand (s10,OO0.00) Dollars, 1 can
make your application to the Federal
Land Bank for such loans. For the
white people, the Denmark National
Farm Loan Association; the colored
people the Edisto-Savannah River
National Farm Loan Association.
Come at once and sign your appli-
cation. S. G. MAYFIELD.
The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1922-12-14
Habitual Constipation Cured
in IA to Fl DaVS

"LAX-FOS WITH PEPSIN" is a specially
prepared Syrup Tonic-Laxative for Habitual
Constipation. 1t relieves promptly but
should be taken regularly for IA to 81 days
to induce regular action 1t Stimulates and
Regulates. Very Pleasant to Take. 60c
per bottle.
The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1922-12-14
EASTERN DISTRICT OF SOUTH
CAROLINA.

In the matter of Mrs. VI. B. Dannelly,
Ehrhardt, S. c., Bankrupt.
El Imparcial. (San Juan, P.R.) 1918-197?, 1922-12-19
Era una Ruina
Nervosa : dice el
> Sehor Sanchez
Apenas podia conner 10
Sufciente para seguir
viviendO debidO a
la dyspepsia. AhO-
IA Sc encuentra
SanO.

FL valor de Tanlac para las perso-
mas que sufren de intermediates del es-
tonnage y que Sc encuentran en- I'm es-
tado de agotamiento, sc pone una vez
mas de manifesto en- el case del senior
Don Rafael Sanchez. conocido carpin-
tero, que vive en- la 3a del Carmen
No. 43. Mexico p. +. Ell senior Sanchez
refiere su case como sigue:
'Durante aiios antes de tomar Tan
lac, mi estado de salud era muy malo,
pues sufria de una forma grave de in
digestion. Mi estomago estaba STEM
pre- agrio como un barril de vinagre y
a veces me distendfa de gases, al grado
que parecia que iba estallar. En-
tonces sufria de palpitaciones alta
ques de asfxia
"Estuve varios meses bajo tratamien-
to, pero obtuve muy POGO ,alivio. Ha-
bia llegado al grado de que apenas CO.
mia 10 sufciente para conservarme vi
vo y era una ruina nerviosa. Ell POGO
sueno de que disfrutaba era tan inte-
rrumpido que me levantaba en- las ma
nat1as tan fatigado como cuando me
acostabas 9Et
Ianiact me alivio ldesde luego de las
agruras y gases del estomago. Comen-
= 10
cetsa digerir mas VI pronto me senti
mas Sfuerte. Guandol termine la prime
ra botella de Tanlac, pude, disfrutar de
|sla primera noche de verdadero sueho
Z descaasps de que no habia disfrutado
sn niueffbs meses. Ahora, despues de
omar dos botellas de Tanlac, estoy
ano. Como bien; saboreo y digiero mi
alirhento5 duermo en- Ia noche y me
iento mes fuerte cada Sdia. De modo
! lue tengoias mejores razones para elo-
giar a Tanlac-"
Tanlac Sc vende en- todas las dro-
guerias y boticas.
El Imparcial. (San Juan, P.R.) 1918-197?, 1922-12-19

ks~aSse~eSeesSoN~e
MAYAGUEZ PoNE LAS BANDEII-
/ LAS Al. ToRo-IAS ESTRE-
d LLAS y LOS MAYAGUEZANOS
l PALEAN cox GRAN EFFECTIVE
|. DAD -MAYAGrElA,yENCE DOS
4 VICES AL TEAM KlSiTANTE.
Mayagiiez. y noyena que ha tenido
s.empre paleadores muy temibles. Sc
presenta con -m equipo. compuesto en-
su mayor parte de eseelares cue, Sc
gun tenemos entendide, forman parte
de la novena de la alta escuela de aque
LA ciudad :,.pero de escolares que tie
nen muy POGO que enyidiar a los ju-
gadores de nuestras ligas mayores,
pucs 10 misino ai.remetaIlloon un three
bagger cuahilo estdn hs5bases llenas,
que degiiellan un hit.
Ithiels 9el pitcher de mucha cabeza
como le;3llanah smuchos fans, no por-
que tenga id scaheza gfande, sino por-
que sabe Oar a cada palcador la bola
que no .acostumbra palear, tiene que
ocupar q caj6n eli el juego de la ma
hana para descubrir a los visitantes Y
aunque le dieron palos que fue un CON
tento, defendi6 el juego con la macs
trfa que el acostumbra, alcanzando
| anotar una nleya victoria para su no
vena.
Ambos teams lucharon con gran ener
gfa y entuslasmo por anotarse la vic
itoria; pero AZ Siez, contestaba a
Icada agresiSls del adNsfgari@ con urfal
Iagresi6n mas sfol'piidabfe. gpoF q que
lei empuie de l9s prpfesi9naIes iflleadiez
Imandose hastas sue. IA. sshoVenas Az la
iIlsultanasa sassf CT esyiS lal ssols dslaeSde-
IFoso det ifSs lttclf sis Iaiyos lssi3len-
lsdorosos fH 81 firm moi to ST
EesperaiI&& stralidS sasf Ia slsA pos po
Iyena vfsffalte die en- esta ii s , isfss.
gresa n6fatfpmtlite EN- Ell juesosl bss
Use ball d1s nuesfras tfeains pbedsii
contender con las que nos SsssE!
lsiten.
! Fl jnego de Ia tarde rue niuelio mis-
lreilido. Los PROFESSIONALS Tigaron tres
lbuenos' hits en- el segundo inning v Sc
sanotaron tres carreras que pusieron a
Hos fans hacer mil concentrations pro-
lpios de destes cas6s y que hicieFon mo-
Ter nueces v avellanas a mas de uno
! de esos apostadores que suelen dar
grandes gabelas para pescar 10 que
}ellos sllelen llamar piclias. Mayagiiez
hace esfuerzos por contestar esta agre-
lsi6n con la misma efectiyidad que 10
/ hizo en- fl juego de la mafiana; pero
lei Nitcher de las cstrellas Sc defendi6
/ acknowledgements Y co1lsiguc cerraR el
linning sin que Mayagiiez le pueda ha-
lcer una simple anotaci0n. En- el ter
cef inning sOstiene su ofensiva la, nos
vena .yisitante Y. sc, anota otra calIe-
ira, por 10 que Ithier abapdona ,el ban
leo y llam0 al ortlen a sus muehachps,
que respondieron la voz autorizada
Edel va respetuoso lanzador, y pisaron
dos veces Ia gonna en- medic del justo
|regocijo del pdblico de San Juan, que
fgusta de yer yictoriosas las novenas
Iportorriqueflas. En- el cuarto inning
Iambos pitchers defendieron admirable
Emente Ia situaci6n no consintieron
lanotaci0n alguna mientrasl que en- II
.Iquinto anoto Mayagiiez Y Ell e1 sexto
las 7estrellas, estando el juego de par
lite de los extranjeros en- 3 a 3. En- ell
iiseptimo los visitantes Sc van Ell linn
pio y Mayagiiez, mediante palos de hit
mny oportunos, ciitr6 dos veces al ho-
gar, poniendo la balanza al fiel.
Llega entonccs el Inomento de mayor
El Imparcial. (San Juan, P.R.) 1918-197?, 1922-12-19
Anunciio de Subasta
Municipio de San Juan.
OFICINA DEL COMISIONADO DE
pitt OBRAS PUBLICAS.
San Juan, P. r., Nov. %, 1922.

San Juan, P. R., Nov. 2S, 1922.
Ell dfa 20 de Diciembre de 1922, a
i las diez de la manana, tendra efecto
en- el Edificio Ayuntamiento, en- acto
publico y ante la Comision correspon-
diente, la subasta para las obras de
1 CONSTRUCTION DE UN EDIFICIO
ESCUELA DE NUEvE SALONES
EN- LA GALE DE LOLA, SAN
fTURCE, r. R.
El modela de proposition, instruc-
clones para los lcitadores, pliego de
condolences y demas antecedentes re-
lacionados con dichas obras Sc encuen-
tran de manifesto en- la Oficina del
Comisionado de Obras Plblicas Mu-
nicpiales, pudiendo obtenerse copias
de los documentos mechanics un re-
cibo que acredite haber depositado ca
da interesado en- la Oficina del Conf
sionado de Hacienda de San Juan, la
cantidad de $1,000 que seran reem-
bolsados al devoiverse dich0s docu-
naentos completes y en- bucn estado-
La Junta de Subasta podra recha-
zar cualquiera todas las proposicio-
mes presentadas y Sc reserva el dere-
|cho de adiudicar el contrato Ia pro-
posici6n que iuzguc mas ventajosa,
aunque no resuItare ser la mas baja
en- precio.
RAFAEL DIEz DE ANDINO,
Comisionado de Seryicio Plblico. p. S.
El Imparcial. (San Juan, P.R.) 1918-197?, 1922-12-19

expectation ca iodo 81 jnego. Las cs-
frcllas t.cncn un hombrc en- terccra Y
ctro en segunda con two outs. II cat
cher toms el l,alo y Sc disl,uso pa
lear. Fall0 el primero y cl segundo
strike como el short stop compren-
diera que iba ser struck oua 10 re-
tiro del bate Y puso a Tunito como
Ipalo de emergencia: pero consigui0 tan
solo que murfera en- In trocha del cat
cher, vfctima de la serpentina del es-
collar mayagiiezano. sin que pualeran
anotar Mayagiiez aprovech6 esta de-
bilidad de su adversario Y lie lig5 tres
buenos paIos, dando Castillo el meior
de todos ellos, que lie pernitieron ano-
tar sin gram sesfuerzo las tres dltilnsis
carreras les tiferon Ia victoria. q
al ferniinarse el, jucgo de: la tarde,
hsbm ia siguiente ahetacidns por en-
tradas: 9 ss
Total
Boston Stars 1901 90 O-5
Mayagiiez 201O2 3 Ks
! Mayagtiez nos ha datlo una gran
sorpresa. Todos supcniamos que Sc
presentarfa demasiado flojo que no
podrfa en- manera alguna sostener la
ofensiva de los professionals hemos
visto que los escolares han resultado
al campo Y al pale mucho, mas efec-
tivGs que ps C:acos y que los yiejos
pfofesimlhles ID Ela 7iqyena. FL pit
cher Y ell short, que segip tenemos en-
tendido es la primera vez que pisan
terreno de grandes ligas, han resulta-
do imuy electives, pudi6ndose observar
que no han incurrido en- ningln error
ldtrsh:tesIos juegos. ~
Isulios fans entfehden,s juzgando
moi. esses dos jlegos que los yisitans.
tRs tishaeafir llsl N & que nabiliiad
ESn q deporte + 4 estos amigos nos per5
niitilnos recarelar Due los Cuban Stars
Fdes Chac0,i, fueroh tambien vencidos
dos veces p5r ei Fisk en- su inauguras
fei6l " que Iuego descosieron todos
los pitchers y yencieron a todas las
novenas de la isla. Algunos de es-
tos jugadores, despues de unlyiaje de
Icinco dfas, han llegado esta isla el
tjueVes, Y han entrado en- iuego con el
marco de la trayesfa Y sin conocer el
campo en- que estan librando sls bata-
Has. Esperemos los juegos sucesivos
para forinar una opinion acertada de
Ia pujanza de los yisitantes.
Ganuel cl LENERO.
El Imparcial. (San Juan, P.R.) 1918-197?, 1922-12-19

. Los anuncios de este perl6dice
son isidos por miles de personas que
somap Iarts On nusstro CoNCURSO
EanGeDos sp ~ntncte hnv misrno
El Imparcial. (San Juan, P.R.) 1918-197?, 1922-12-19

MAYAGUEZ PoNE LAS BANDEII-
LAS Al ToRo.-LAS ESTRE-
LI.AS y los MAYAGUEZANOS
PALEAN cox GRAN EFFECTIVE
DAD MAYAGrE2A~yENCE DOS
VECES AL TEAM NSiTANTE.
Evening star., 1922-12-31
NEAR EAST AND GERMAN
PREPARATIONS MENACES
Biggest Clouds on Financial Horizon as
1923 Enters-Other Vital Factors
Are More Encouraging.

matter in financial discussion at the
present time.
Output of New Securities.
The rise in the investment markets
was continuous and fairly rapid from
June, 1921, to September. 1922. Then
| came what has proved to be de-
cisive check. This check was brought
meendous output Of new security is
! sues. Total bond offerings, which
were $2.645. 100000 in 1919. rose to
nearly 100000 in 1921, and 70
approximately s4.500.Ooo. 900 during
the past year.
While this has meant severe COM
petition for the older established
, bonds. a still more important inhu-
ence was the diversion of funds into
trade channels which had formerly
been available for Investment. Rates
Of money interest at the same time
slightly the other way. This tend
ency may be expected to continue
the coming year. as all the indics-
tfons point to a larger absorption OF
bank money in industrial lines.
Gold Holdings Excessive.
At the close of the year total gold
| reserves held by the Federal Reserve
Bank were s3.o4o.439.o0o. a rise of
over s150.ooo.ooo In the twelv.
I
! these gold holdings are excessive and
! that il would be well. if natural cor
ditions in International trade permit.
to send back 10 the rest of the worid
d part Of the enormous accumulate
which occurred in the years follo-,-
| ing the war
Il is quite possible that the unusu.
expenditures Of American tourists
abroad. combined with the increasiI-
investment of American capital in
foreign bonds and in foreign business
enterprises, might produce invisible
credits against this country greater
| than the visible excess of merchan-
| disc exports over imports In this
| case gold exports would occur. snd.
besides reducing the danger Of in
hation at home. these exports would
be of great benefit in helping the re-
turn of foreign currencies to a Soi'l
! basis.
Copyright. 1922,