davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19
FAIRFIELD

The Fast and Present Club will
meet today at the home of Mrs. VII
liam Simpson. There is to De i Pa
triotic program.
Shirley Mason has returned from
Groveton. n. H.. where he has Locn
visiting for a few days.
Miss Gertrude Gerald returned to
Augusta yesterday afternoon after
being in town for q few days.
The regular meeting of the WOn-
ans Relief Corps will he held We'd
ncsday evening. Every member is
asked to be present as this is an tn
portant meeting. They are also ask
ed to.remcmbcr contributions for tie
Sunshine baskets.
Mrs. Edna Emery and Miss Viola
Rowe of Waterville were in 22nion
yesterday the guests Of Miss Alberta
Foss.
Mrs. Perley Gerald y. Hinc.llcy was
the guest of her sister, Mr.. Lee
Reed. Saturday.
Miss Madeline Salla, who Is ed
rloyed in Augusta was at the Eo.nc
of her aunt, Mrs. Nell Ladd over the
week end.
There will he no school at the
North Grammar primary school t'iia
week
Miss Dorothy Jewell entertained q
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19
General Cronkhite
Encouraged After
Talk with Senator's

washington. Feb. 1S.-Confercncos
mad Yesterday with Senators, Glass.
,,,'' Virginia, and Rcdi, Re-
pnoican, PENNSYLVANIA. were dcclar-
ca by Major General A,!clbcrt Cront-
hlte today to have been most en-
co"raging' IN the efforts being made
TO obtain Congressional inquiry in
70 inc recent enforced retirement of
me officer and into the mysterious
Killing of his son, Major ..lexandcr
Hronkhite in 1918, at Camp Lewis,
Washington.
Heretofore, the difficulties ] have
had IN persuading any one to go into
the facts have been very ;;rcat," said
General Cronkhite in formal state
mont. NO one would go into them
thoroushiN. 1t is apparent. however
that Senator Glass and Senator Reed
propose to take no ill-considcrcd &C
'ion and | certainly do not wish nor
expect them to act until they arc
thoroughly prepared.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19
Report Polish Troops
Invade Lithuania
Hundreds Casualties

Fafs. Fob. 1S.-(EY 4. TD-Folish
forces have invaded Lithuania and at
tackled the Lithuanian troops. according
to dispatch from koVno issued by the
Lithuanian legation here.
The dispatch adds that dozens of
persons were killed and hundreds
wounded.
The dispatch to tho legation. which
was dated at koNno Sunday, says:
Polish regular troops of all arms
after the occupancy of the ncutral
zone in the region of Crany. advanced
into Lithuanian territory and attacked
he Lithuanian troops. Dozens were
killed and hundreds were wounded.
THE Lithuanian government has tclc-
SraphCd the League of Nations report
irg the facts and asking it to take tho
necessary steps TO prevent an extension
Of the conflict"
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19
Foreign Situation

desire 70 obtain sunn1ios oo,;r,,
later higher nricce ,s mo 4r,do-is
beginning TO fear mat tho r9,r,, .,
may Get ont of hand losses arc
inevitable when reaction comes ae
if must sooner or I,tor
Activity in steel has contr;b,,tad
largely 10 maintenance of rcrorI
railroad traffic for this season of the
wear. With the bujIdin~ bncm IN
abated. with much coal still v.itinr
to be moved and win y hco,, rn7
tail distribution of goods traftic
prospects for tho ncyt fow months
Mt least are bri~ht mo .rr'i,, ,,n,.a
mcnt has fallen off to same nxtn,t
but This has heon moro Than orfsot
by lumber. coal coke cement III
tonohiIcs ana \h,,i1dinr m,t.ri,Is
An encourooinr feature of tho
railroad situation ie that in con
trast with 1870 tho roads haIo heen
able 10 translate their Increased
husincss into larvor nronts A com
harrison of NOT oneratipr INCOME Of
20 rnnrcsentatiye limos shows that in
1920 thev earned q totaI not Of sjt7 :
600 600 as against S4O3 OoO oOO in
1921 and .45 600 ONO in 1920 Tho
Cyass ronds nc a vbole last ,nar
o,rnod A ~ nor onrt on thnir TO-,
t,tive valuo.jon os lived hv the IN
torstate Co,nmrrce Commission &c
comnorcd with nrS nor cent in tho
nrn,ious ycar In Deccr,bor On
nvon hottor showin,, was made Win
not at tho rate Of ; ~ ner cent on
yaluation EarIv estimates indicate
that January c,rnines viii show Fur
thor imnrovement
The showing of tho leading indus
trial and nuhIic rtiIitv co,norotions
is M lose ;n,nrcseiZ.n Tins - ~
dustrial comnanies which, hoyc ,,,h.
lisbeI annual renorts for 1D5o made
not nrofits Of sis, 600 600 vhirh
con,narrs win S74 600 OnO in 1tr,1
o,,,in,r tho rcnorts Of, stool com.
,.n;os ort of tho communication nrofits
actuoI1v nycoeded those for 1orn ,n1
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19
Abandon Hope for
Couple Lost on
Frozen Lake Erie

put In Bay, Ohio, Feb. 1S.-Hopc
for the lives Of DR.. Theodore &.
Griest, Putin Bay physician and
Miss sylvia Schultz, n nurse. of To-
lcdo. was abandoned tonight when
ScarchCrS who spent ~ hours trac-
ing the frozen Lake Eric. rcnOrted
they failed to locate the couple.
DR.. Gricst and Miss Schultz are
believed to have persisted when the
automobile in which they left here
for a drive on Lake Erie crashed
through Il weak spot IN the GO. T.'ey
have not been seen nor heard clom
since yesterday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19
OsSJpEE CARRYING
SUPPLIES AND MEDICINE
RI MAINE COAST TOWNS

Portland. Feb. 1.-THE coast guard
cutter Ossipee reported TINS morning
nv radio that it was making good pro-
gross on its relief mission carry 'hs
food and. medicine to 1sleshoro' ston-
inpton. Scarsport Dark Harhor and
other points in the islands OF Pcnop-
scot Bay which have been ice-locked.
number of places have reported
,b,t they are in desperate need of pro-
visions. "A
r. c cutter IS loaded with 20 tons OF
s,nn1ies to be distributed in the next
week to needy places
This was the coolest day OF the VIM
tor hero. The official thermometer reg
irtcrcd eight below zero. BY a Gomez
dence this was the same as on me
Coolest day last year. which also fell
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19
Schedule Meeting
American League
PHILADELPHIA Today

Philadelphia, Fob. 1S.-Rcprcs"nta-
tiVcs of the eight American League
baseball clubs were expected here dur
ing the night to attend the annual
schedule meeting of the league tomor-
row. At u late hour none of the out
of-town mon had arrived. President L.
+. Johnson had Il hotel reservation but
was not expected until after midnight.
Thomas S. Shibc. president Of tho
Philadelphia Americans, said there
probably would be little business trans
acted at the meeting aside from tho
adoption of the playing schedule.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19
COLLEGE MEET
Continued from Page One)

inches and i. q. Hay 1o3 feet inches
I End. Colby; Nelson 1n7 feet inchc:
an" smith " rect inches: 3rd. Bow
| com: y ~ Stuhhs " ic't inches ahc
! w. herSei'S'iapie - ieo'.
College cross-conntry snoYshoc race.
Won ~ University Of Maine; End
Eowdon. No time given.
College cross-conntrv ski race. Won
by Eowdoin. oud. University Of Maine
No time given.
A. .no o+,,,, 1o,,- :; a..
pn',,1t,, cl}Ia s , ~ '' I, '.o"''
,,.;. w., ".'' sal iti"H race
,,,,,,,. ,I,;,.1 ,i,;, 90, i'm '' '''s
,;,o n",," ,,,. . .''e , -.I' iu'''''''r ~
Ea.t,,an nf p.,,.1,t, 'I,',, "",'i ;
nn,,,a.. - r,.,,,'. ,i,t., ri,,,p ~, ''"'
',d, 1,i,i,,,, -. ,,n;' ~ n,o
,.,.a ~ .,.,',, ,,t',. ~ -.
l i tt. - . ~" '''ir s'
A. sornniy '''''"' 49,
Ncs'bfook Wins Cup
Westbrook Seminary won the Car
hlNal trophy presented 70 the WIN
II - III, r. lolua''o liuIheH 81
t lr,s ~ u'l'"'inE ,oIiS ~ 70 "
,'il,a,;l -; ~ i'"'o'i " 'l'ti'
,,,,a,> t r,! ''oot' ~
~ ''i,' o'"' H. ieaP'c'Ntis, collE
llisn Stnool naNinS been substituted
Tor hcht I'M when the latter with
drew from the competition.
Westbrook's five. headed by
Buck Bower. proved to be a CLASSY
bunch of individual players who
could mix in Il little teamv orll if
occasion demanded. Bower was
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19
Rum0rs of Impending
Trade for Collins
by n. Y. Yankees

Newt York. Feb. 1S.--Rumors of an
impending trade with the Chicago
White Sox, with Eddie Collins as the
prize were revived tonight when Har-
rN Grabingcr. secretary of the Chicago
club. ended a protractcd session with
Colonols Huston and RUPERT. owners.
and Miller Higgins. manager. of the
New York American League club.
Both liuggiHs and Grahingcr arriv-
cd to and it was said tonight that. in
company with tho Yankee owners. they
would confer With Kid Gleason, White
SoN manager. at Philadelphia tomor-
row regarding terms for the exchange
! 1T was rumorc3 that Waite Hoyt.
lank tWi'iCr. would be one of the local
players named in the negotiations.
While Aaron Ward and Bob Mcuscl
also were mentioned. Bob Falk and
l-evcrctte were mentioned as possible
Chicagoans to come to the Yankees
along with Collins
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19

The use Of hollow tile with stucco
finish Is coming into use fast, owing
to its durable qualities and to the
fact that the cost does not much,
If any exceed the frame construc-
ton. 1t makes a warm house as
well as substantial and the plaster
ing on the inside can be done on
the walls direct without the use of
inside Turing.
The house recently planned for
city home, is So it. 6 in. in width
and 26 it. in, exclusive of living
porch.
This plan. which also includes
garage in the basement, strikes
responsive chord in the hearts of
hundreds Of persons who are plan
ming to build and who must make
some provisions for their automo-
bile.
A garage under the same roof
with the house is greatly to be pre-
ferred both for the convenience of
the arrangement and the conserv-
ing Of ground space.
There is central entrance
through small vestibule into the
stair hall with closet each side
of door. At the end Of hall is
small den with bookcases on one
side.
At the left Of hall is large liv.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19
Arrest Truck Driver
in $4,000 Silk Theft

Boston. Feb. 1S-1lcnry sherman
or This CITY. was arrested late today
charged with conspiracy to steal silk
valued at $1,000 which was taken
from the factory of the Paramount
pctticoat Company factory in Wo,,
burn yesterday. The silk was found
in an auto truck which was aban-
doncd after it had been in collision
with a street car in that town.
According to the police. sherman
was the driver of tho truck. TheN
soid that after tho collision he lcaped
into an automobile containing sew,
cral alleged accomplices ana spec
aWlN.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19

ing room IA it. by % #. with brick
fireplace on the outside wall. Open
ing off the living room is glazed
porch with French doors between.
The kitchen is planned with cup
boards and built-in refrigerator,
iced from the outside.
There are four good chambers
with closets, sleeping porch and
bath room on the second floor, and
there is a good attic for storage.
There is a full basement. with
II in. concrete foundation under the
whole house.
The garage IS under tho porch
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19
Irish Irregulars
Suffer Heavy Losses
/ in Clash at AherlOw

Dublin. Feb. 1S.--In Il fight today
between Free State troops and r.
regulars in the Glen of Aherlow.
Tippcrary, Commandant Dennis La
cey, one of tho most prominent of
the Irregular leaders in Tippcrary,
was killed. Captain Marlborough,
also Of the Irrcgulars. was seriously
wounded and t. of the rebels were
captured. -Four Free State soldiers
were wounded
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19

on Feb. II. Unofficial thermometers
in the suburbs We're much lower, show
ing 80 below in North Decring.
Scarboro reported 30 to - below:
Biddcford. oS: Bridgtcn. -. and other
places spondinglt lower tcmpcra-
lures.
The cold wave apparently had not
r. ach1d Aroostooil county. at the upper
end Of the state. as at Fort Fairfield
which in Pre- ViouS years has reported
as 10 as I. the reading was 10 minus
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19

few Of her little friends at her home
on Summit street Saturday. Tho oc-
casion was in honor Of her In .ldav.
Games were played and rcfrcshn NJ,
were served. Those present were,
Janet Ncwhall, Louise Learned. i.u-
ellie Mitchell. Louise liinckl"y and
Faith Iincllcy. Mildred (altrr,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19

divided according TO the crop year
which begins. Aug. l: Z
World. z
American Inc. u. S. /,
Gales Bales
Stocks. August I, =
1921 a.s51 .ooo 14,152;ooO,
Production. 1922 73JI,o00 14,741,000
io Is3l- z"pp''' 17ao5,oOo 2,,iss.oOo,
Consumption,
192l-2 12,@93,00O 2o,04I,00O.
stocks. Aug. /, 1922 5,122,ooo s,5scooo.
1933-3 9,9G4.oGO 17.s64.0o0,
1s22-:: 15.os7,0oO 27.e0oooO.
Consumption, 1928
tEStiIn3tC) 12.21o,o00 2o.5i?,1yOs
stocks.
August !, 1923
fAnticipat cd o..lJ,0Oh G.621. GOD
Production is shown to be tagging
behind the present rate of consump-,
ton being 2.nG0,0n0 bales a year great
CT for American cotton and nearly 81
00h.0 bales greater if the world sit
u"tiun is taken into account. These
differences chow the rate at which the.
world is drawing on its reserve supply.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19
FURNISHED to the Kcnncbcc JoucrHl
through the courtesy of J. A. Carnage
& Co.. of Augusta and Natcrvi.ie.

Washington. Feb. 1.-The world
carry-ovcr of raw cotton viii amount
TO Approximately G.G21 900 bales at the
close of the present crop year, Aug. J.,
1923. according Il q survey Of con
sumption ana production Just conclud-
cd by the Department Of Commerce.
Of this carly-ovyr, 2.11G.n00 bales Will
be Of American ori%in. il is est mated.
The clrry-oycr Of Aug. / will Ne inc
smallest in many yc2r@ the official sur
vcy shows. indicating the possibility Of
shortage Of The raw production dur
ing tho next few months in This cOun-
try and throughout the world.
Rising prices viii. mark the last half
of 1923 end 1924 il the Commerce De-
partmont's forecast proves correct. The
forecast is based on official reports
from the Departments representatives.
in all important AcducinG and CON
Stunning nations. 1t is based on Tho fol-
lowing balance sheet of raw cotton
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19

, and part Of living room, there is
laundry, store room and heating
room in basement also.
The basement is Z TT. 6 in. in
the clear, first story is it. in.
in the clear, and the second story
it.
Brick is used on the corners and
around all doors and window OPEN
ings.
sAsbestos shingles are used on the
roof
1t is estimated to build this resi-
dence for $4,000 to $4,000. ex-
elusive of heating and plumbing.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19

relatively cheap and the banks ap-
parCntly are able to take care of all
demands without recourse to rc-dis-
counting at the federal reserve
banks to any extent
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19

| rusbos bororo tho r,,ol, b,a hoo,,
Nei1bc tenn, ," sc"red in III" tho ai'' Fret
period in wbicb P,tns a,naarod 80
havn tho eG~a h,,t P,v tppeh HAL. al ~
al shots Which v.cra ,nsn,. as tha
Rates nI.,vars cc,tainI,, shnt stro;alt
the first counter Of the mitch Ill in The 9.
second ncrjod whom ha securnd tbo
puck ri..hf in frnnt of M net a ,n
| lifted IT home. Corev MT in !, Rates
! counter 4 few minutes Inter after 4
, lively scrimmage. the puck shootinr,
from q group of sticks.
Tbc 1,s+ nario,, We ha,e
| c.o,ns It'll, Lrr;,.t - ~
/ ia ,,"i.,, H. ',. 80. -. ~ uoMn !iic
n,,dn hafnr. S,o.,,.ri .,',. ~, 49,,
frn,,, dirac,l,- in fr,,,,t ~ .i I'l' ai'o'
E,tns triod i, o,.o,., ,,.,,, 'lIc s"I -
,.,,a,,a W. :" e'Ih ''c
davntcJ fhoi,. n,'a,.' w 60, - I,l
, ira thoir onnonont. ana I:o,,+ ,1ri,.i,,,
Nv, nI1ri, I,r.n tha ;na ,nd ~ w.. 'l -
d1nrer The summ,r,..
l.. or, NJ p,TEc
Stoyrr. ivy - wv: rnrnv
SteIrns, Iv lv. pchn,ts
Elliot o = StanIa,,
N,.l,.y vi -, c>,t
EaTfn,. ! = ''''''''''''''',n' p n,'Ils
Scorcel Of NJ ,. ra,es Smi,st;
t,ltjnns-.J STANLEY ~ payis I:nals
-Ste,rns y. rnrcv paforao n,,rf--
Timcr--Iarvis ,rin,a -rr.n - nn,i
onn II minnie ncrinds ''''o
-
croLaI, u,;, |
Chas,or cn,n,Sou HUS
Win 4, 1,i,.>Is a,,+ !,i 'i.io
,,.n, H., proo,.. 'o ~
trn,,r, =, .ha t-n,,,o, ,tu ~,
SLiat;,st Am. ,"nes Up
.i,,,. ~. I,1, 70
nf yv,.o1.,.ii,n ave. '' ~, |'so
bi,,h nnI ,,'a. , ",', Ii o'.u o.iu n
~ ,ta,',n,Io,. ~ 81, - - <. me-
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-19

Evelyn Nclhon and the little hostess.
The installation of the Royal
Neighbors, which has been postp med
several weeks. Will 10 held this eve.
ming and viii be private.
A erasShoppcr ccn jump distance.
of 200 times its own length.
The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1923-10-19
OBITUARY.

George Washington Finlay was
born February %. 1859, at Brooklyn,
N. Y. He came to Winterset, Iowa,
about 1871.
On Sept. 8, 1885. he was united in
marriage to Alice ArDy. To this
union three children were born, all of
whom are living.
In 1904 he came west with his
family TO California, where they re-
sided until 1916, when they moved to
Rathdrum, Idaho.
He was stricken with paralysis at
$50 p. M, Monday, Sept. II, and
passed away Wednesday, Sept 10. at
l0:40 p. m., at the age Of 81 years, 6
months and % days.
He Is survived by his widow, Alice
E.. add three sons. e. G. Finlay of
San Jose, Calf. Gale G. and Robert
Earl Of Rathdrum, Idaho.
The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1923-10-19
NO BOON IN
CHEAP MONEY

One thing that has to, be given up
is the idea that cheap money is al
ways good for business. Farmers
want cheap money, business men
want cheap money, stock spectators
want cheap money, the U. S. Treasury
wants to float government loans on
cheap money, socialists, anarchists
and old-line gr~eenbackers want very,
very cheap money. Everybody feels
that when the money rate is showed
up It is an arbitrary damper on pros
perity.
But we cannot have both a low rate
on money and a stable level Of prices.
We can have one or the other-not
both together for any length of time.
A low rate Of money means an In
dated price level. A stable price
level means a fuctuating rate Of dis
count. That is, the public must learn
to look at the price level instead OF
the bank reserves, as their measure
of expectation for a rise or fall Of the
value of money.
Now this fact makes me feel that q
mistake is made If we do not fully ex-
plain to the public the power already
exercised by the bank rate and the
Federal Reserve Board and Reserve
banks. Our bankers and economists
see the bad use that Is likely to be
made of political control If banking
and currency and they try to make the
people believe that so intricate a ques-
ton must be left to experts.
AS a matter Of fact our present
methods encourage the very thing we
wish to avoid. We let everybody be-
lieve that low rates on money are nee
essary for prosperity and then when
bank reserves run low on account OF
the effects of this belief, We are sud
denly compelled to jump the rates to
protect the reserves. We get both a
cycle of prices and a cycle OF bank
rates, whereas, II the public under
stood that the rise of bank rates
should not wait until bank reserves
are low, but the rates should be ad-
vanced several months ahead for the
very purpose Of preventing a fictitious
prosperity with It's inflated price level,
then the public might be satisfied to
support the administrative regulations
which raise the rates at a time when
there seems to be no need of doing
it.-John R. Commons, University OF
Wisconsin.
The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1923-10-19
Egyptian Idea of Beauty.

The Egyptians made the most ex-
haustive researches into the care and
preservation of the skin. Their Sue
cess in arresting the decomposition Of
its tissues as evinced by the num-
mics of their Christian era kings
defies modern science. Just as the Sc
cret of mixing paints Of the old italian
painters has never been duplicated by
present-day artists and their mastery
Of color remains supreme, so the EN-
balming processes of the old Egyptians
died with them.
The ancient Egyptians painted their
eyes with a long green line and be-
lieved very strongly in applying to the
eyes mesd'empt, which was considered
to have the soothing and healing prop
critics of kohl, which is still used by
eastern peoples-where, incidentally,
ophthalmla Is very prevalent.
The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1923-10-19
River Washes Island AWAY.

Sharps island is the latest bit of
Maryland terrain to be chronicled as
doing a disappearing act. This island,
standing at the mouth of the Chop
tank river, unprotected from the ac-
ton of the current and the washing
of the Chesapeake, has diminished SO
per cent In three-quarters of a cen
fury. The houses have been washed
away, except for the large hotel,
which stands alone in the center Of
the Island, a crumbllng monument to
the activity Of other days. In addi-
ton to being a summer resort, the
island was noted ms a good hunting
ground for ducks and small game
Baltimore News.
The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1923-10-19

and therefore 1t Il
good? That IL not enough. They cal
rightfully tell US that, eyen though
system may minister to our physica
w~ell-being, II 1t stunts US morally. II
It does not positively make us better
officially, 1t Is an inadequate system
The general answer to this asser
ton Is obvious. The very TACT that
u industry, and finance
serve US so amply with the materials
and ear for physical well-being
gives us the opportunity to build and
support our churches, to foster the
arts, to develop our great educational
systemic be kind to one another.
But need we deal in generalities?
Do We not find In the direct effect Of
u business upon the individual
much to improve his ethical stand
ards? To tougher his moral fiber?
Is 1t not good for the personal char
acter Of the race to do business as
we are now doing it?
Let US take the business of bank
ing, for example. Is 1t q mere mech
anism or h it a vital moral force?
Does it do more than, by facilitating
production, raise the physical stand
ard Of living, or is there anything
Inherent in the manner and methods
of banking that raises the moral
standard Of living as we'll?
Nine-tenths Of our business is done
by means of credit. The great bulk
OF that credit is obtained from the
banks. 1t is obtained from the banks
because men have character,-be-
cause they are honest, because they
keep faith.-because they can be
trusted.
II they did not have these qualities
they could not do business with
credit, they could not do business at
banks. We say banks lea in
credft. That Is but a way of saying
hey deal In honor and. honesty. They
build the business structure with the
'aith Of man In man.
The part banking plays In our bust
less life is growing. That means
the faith of men in each other
s growing. The more men who come
o the banks with characters that en-
tile them to credit,-the more men
7ho realize that to gain credit at the
anks, they must possess themselves
nth characters hat win them un-
trust, the higher becomes
ne ethical standards of the nation.
Is not this a great moral service
banking renders? 1t is a greater
.lstiication for our present financial
ystem than even its wonderful efa- 8
In providing us with the ma ,
srial things of life. No greater serv- :
3 could be rendered the nation. G
The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1923-10-19
The ETHICAL SERVICE
BUSINESS RENDERS
BY J. n. PUELICHEH
President Of the American Bankers
Association

I sometimes think we lay too much
stress on the technical efficiency
OF our business instrumentalities anG