davidaulloa/AmericanStories huggingface dataset:
The Elk Mountain pilot., 1923-05-31

Some people think that to incur
debt at the bank is unwise. or re-
Election on their business standing.
This is not the case where the debt
is contracted for legitimate business
purposes. Incurring debt to live be-
yond ones income is something no
thrifty person would do. and careless
use of credit leads to extravaganza
and disaster. but wise borrowing is
an encouragement to thrift and In.
dustry.
The first function Of the banker is
to encourage industry and thrift so
that large fund of bank deposits
may be accumulated. This fund is
often likened to a reservoir in whcih
water is accumulated for community
needs. The banker then loans from
this fund to those conducting the
business Of the community.
The banker bases credit on what
are known as the three C's Of credit
Character. Capacity and Capital.
Character is an imperative business
qualification. Allied with character
is Capacity. Before making q loan .
banker takes into consideration the
capacity Of the applicant-that is, his
ability to earn through his honesty
and his industry. Capital is a mans
worth in money. merchandise. stocks
and bonds or lands. which may be
given as collateral In security of q
loan to make II safe.
Let us consider the business trans
actions of Mr.. Smith. the storekeep-
er. He finds, with his business in.
creasing, that he needs larger 1tock
OF goods. Also. some of his custom.
ers do not pay cash. and their &C.
counts must be carried until pay
day He must have more money for
his business. so he goes to his banker
for advice. The banker asks Mr..
Smith to submit statement of his
business. showing what he owns and
what he owes. He knows Smiths
character and responsibility from his
observation of his dealings and from
the confidence that people have in
him. II he finds Mr.. Smiths state
ment, and the progress he Is making,
satisfactory he will be glad to con.
sider the best method of loaning him
the needed funds.
How Money Is Loaned
Money is loaned by banks on
straight notes, on indorsed notes. on
collateral notes, on bills receivable
and on trade acceptances. Mr..
Smith may be told by the banker
that because he has sufficient money
In his business and manages II we'll
the bank will extend him credit with.
out his putting up any security he.
yond his own word of honor. evi.
denced by his note.
Let us say that Mr.. Smith needs n
maximum amount Of S2,5O0 dur,rg
his busiest season and that the bani5
has consented to grant him spch a
line of credit" Mr.. Smith could
come to the bank and make out a
note Tor any portion { all of tbi,
amount for any time up to six months
10 pay some bills he needs s.y
5000. He estimates that within s,yty
days he will receive from his charge
customers enough money to renay
this amount. He therefore makes
sixty day note, which tie bankey
discounts" at the prevailing rat. n,
interest, let us say per cent. and
places the proceeds to Mr.. Smiths
credit. How much does he credit n
Mr. Smiths account2 Six per can,
on $500 for sixty days is SIS. Tb,,
amount the banker deducts at the
Time the note IN mada % h.,. a,
The Elk Mountain pilot., 1923-05-31

Denver, May 23-Foowing its general trend when
the interests of the trusts at stake the Colorado
Made Goods club adopted resolution today deplorng
the sugar boycott and recommending to Colorado cti
generally that they normally about their
purchases neither boarding unduy sacrificing their
needs"
Any time you want to touch the hair trigger of this
bunch all you need do is to attack commodity like
sugar Otherwise the body devotes itself to fighting
thing that helps the of the state unless it also helps
Denver than the other Durango Democrat
The Elk Mountain pilot., 1923-05-31

for the Use Of the money. He then
credits Mr.. Smith with the proceeds
of the note, or S495. When the note
is due in sixty days Mr.. Smith has re.
ceived payment from his customers,
and he pays the bank $500. The
bank marks the note paid and returns
1t to Mr.. Smith.
II Mr.. Smiths business condition
were not sufficiently strong to war.
rant granting him unsecured credit the
banker might say to Mr.. Smith. Il want
to help you. but you will have to get
the Endorsement of your friend, Mr.
Jones'" Jones is known to the bank
er as a very reliable and responsible
business man. Should he be willing
to help Mr.. Smith he will write bis
name on the back of lIr. Smiths note
and II Smith cannot pay the note
when due Mr.. Jones will have to pay.
In another case the banker, still
anxious to help Smith. Light say. !
am willing to loan you up to $2.boO,
but you must secure the loan with the
goods which you purchase for that
amount and with some additional
goods" Mr.. Smith would have to
warehouse the merchandise used a.
collateral in such a way that 1t might
be easily identified through ware
house receipts as being the banks
property until the note is paid. II
Smith finally found himself unable to
pay. the banker could sell the mef
chandise and use the proceeds to pa!
the note. II the goods brought more
than the amount of the note the BANK
would pay the excess to Mr.. Smith,
If the amount were not enough the
bank would look to Mr.. Smith 10
make good the difference.
Mortgage Loans !,
Loans against farm lands, caiied
mortgage loans. are frequently maae
in country districts. If Mr.. smith,
lacking an tndorser or sufficient cor
lateral or business standing, owned a
| farm free of debt he might give
mortgage on 1t as security.
The procedure would be somewhat
different from loaning against mef'
chandise. The law, realizing the use
full place farm and home owners oc'
cupy. protects them IL a special man.
ner. 1t says to the lender, in case Oh
| default on a mortgage loan, iou
must give this owner OF land one
year after serving notiCs that you eA
pect to sell his land to pay ms
mortgage and redeem the debt" Ihi'
is called the period of redemption.
Mr.. Smith has still another metnoo
open to obtain funds from his banker
He has sold, say. a $500 bill OF mei'
chandse to Mr.. Brown, dealer IN :,
smaller community. who must sei'
the goods to his own customers W
fore he can pay Smith. Smith says :.
Brown: "If you can't pay casn CIV.
me ninety day note. | Will dlscoun'
1t and get immediate cash on II nv.
my bank. will have to pay W,
cent interest to do so, and sns.
want you to pay that interest W.
Brown agrees and makes his hihe',
day note for $500 with interest a'
per cent. Mr. Smith takes this no''
to the bank, which advances ni, .,
credit for $500. When the bank oo'
lects the note from Brown n'n...
days later It receives $5OIoo' 'n'
added $3.50 being the 8 per cent ~ ~,
terest charge for the use mean"nn'
of the money for the ninety day "
riod of the note. :,
These are the various ways ~, =,
which the bank serves its commun'.
by placing, through loans. the ao's
mulated thrift of the communiv
the disposal Of business and fndusu'
The Elk Mountain pilot., 1923-05-31
IT'S A WAY JIMMY HAS

OUR ''side kick" Jimmy holland is layed up for re-
pairs the Straer hotel because of slight operation
performed Sunday by Dr. Ochsner who cut button hole
his belly and forgot the button He's lovely
patien-when he wants any thing he makes noise
than switch engine and he's always wanting something
Durango Democrat.
The Elk Mountain pilot., 1923-05-31

CHAFFEE county is doing the piker act about Mon
arch The Gunnson side could be opened in three
days and the Chaffee side is blocked by only short
stretch of deep To delay opening until nature re-
moves the snow drives motorists rs miles of their
way to go around by Saguache while it is doubtless
10 the benefit of that enterprsng place it works de
cided hardship ON those who wish make Quick trim
to Denver Some day the slope will have another
way 10 reach Denver and then Chafee county will wish
bhey had popuarized Monarch while they had chance
The Elk Mountain pilot., 1923-05-31
MY CREED

T7SlHAT I may daily do some loving deed,
III To clothe the naked and the hungry feed
W. In sterile ground to plant some fertile seed'
And help, that all may be from bondage freed,
Assisting the distressed and those in need.
That may always love my fellow man
And scatter seeds of kindness where l can.
That may firmly forward press
No matter what do, how great the stress
To place smile where now there falls a tear,
To fill the lives touch with constant cheer
To rise supreme every trying test,
And feel each night when shall go to rest,
That have tried to do my very best
-SHRINERS' JOURNAL.
The Elk Mountain pilot., 1923-05-31

SHORTLY before the jury returned its verdict in the
cases the Commissioners rather prominent democrat
visited the Champ and told its able editor that in
his opinion the jury going to convict Them Henri
dissented and averred that hung jury would be the
sequel The visitor insisted that he looked for convc-
ministerial gentleman also being present the
"perfect ady Herietta restrained himself from throw
ing monkey wrench at the linotype and signing said:
"Well that would be awful, but must hope for the
best" The question arises "the best in his opinion
miscarriage of Justice? We believe that was what he
thought, and meant, and hoped.
The Elk Mountain pilot., 1923-05-31
PUZZLE OF why DEBT HELPS SOME
BUT HARMS OTHERS EXPLAINED
How Debt Can Be Put to Work to Increase Earnings
Thrift and Loans Go Hand in Hand to
Aid the Industrious.

The of debt in personal and business affairs
remains something of puzzle to people To the
word debt signifies misfortune while others merely fail
understand the ways which they put debt
for them to increase their earnings. The Committee Public
Education the Bankers Association has under
taken in the following discussion of how why banks loan
clear these MISUNDERSTANDING:
The Elk Mountain pilot., 1923-05-31

STRANGE it may seem the Jews are bitterly op-
posing Henry Ford for President 1t is probable that
Henry Ford employees Jews at higher wages than
anv other man in the United States but it not those
in his employ passed the resolution against him.
The Elk Mountain pilot., 1923-05-31
JOSEPH W. FOLK of Missouri is

JOSEPH W. FOLK of Missouri is dead. He passed
away at his sisters home New York after illness
of several months. He very noted man and won
his distinction by cleaning up corrupt gang in the
"show me- state. He widely known as the man who
cleaned up Missouri politics
The Elk Mountain pilot., 1923-05-31

ATTORNEY GENERAL DOUGHERTY, tbs announced
will resign Ill health is given as the cause When we
read the head thought it might be awakened
conscience, but it it is Divine dspensation
instead
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-21

missed that train" was his brief
announcement.
oh, you did, quiveringly filling
the salt,
But instead of the expected explo-
sion, he asked abruptly.
''How's the tooth? Better
"A little glancing up in wistfu.
wonderment.
What times your aunt coming"'
about t.
"Jovc, it's swollen" he whirled her
around. That's tough. Hurt much:'
She nodded. lump in her throat
at his unexpected solicitude.
Look here, Kitten" drawing her
down TO the window seat. Guess !
was pretty grumpy this morning. Got
thinking about il on the way To the
station. I'm sorry, That make it ali
right?'
Oh clinging TO him. her face hid
den against his golf-tweed shoulder.
Glad j did miss that train.
Shouldn't have gone off with your
aunt coming"
Waves of remorse, abject remorse,
were engulfing her.
hiNays, any iOutH VI NtHuttiltsr
from him not only obliterated all bit.
terness, but swept her to bea;ific
heights.
Her deception now seemed despica-
bic. The impulse TO confess was i'm.
polling.
''Oh, II did hateful thing. Ii
was my fault that you missed that
train !"
You fault: What'd you have to
do with it,"
II set your watch back
you did what?"
Il set your watch back" her face
still hidden. The other clocks, too
The devil you did Well, I'll BE-
bowed. What dyou know about
that? Ha, ha, that beats an Q. Henry
story -
Mystified. she raised her flushet
face from his shoulder.
Here's the trick ending-I didn
miss that train. Didn't go near tn,
station. Before l got half way there
saw what a crouch Id been to leave
you with tooth ache and your aun
cOming-so i beat it back :"
Copyright, 1893, by Mabel Herbert Harpe!
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-21

MADAME Butterfly" Puccini's OK
quisite lyric drama. TO be presented
at the Majestic theater Thursday.
November /, twilight matinee only,
by Fortune Gallo's San Carlo Grand
Opera Company. was founded on the
book of John Luther, Long. and the
subsequent drama of David Belasco.
The story describes in unusually
realistic fashion the love of the lit
tie japanese cherry blossom maiden,
Cho Che San, for the handsome
United States naval lieutenant. BEN
jamin Franklin Pinkerton. whose
ship has carried him 10 the port of
Nagasaki. upon an adjacent hill of
which the little Nipponesc maiden re-
sides. Her passion is genuine, but
it must be confessed that PinkertOn's
interest is more one of casual cur
iosity than real love. The curious
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-21

fall and winter. They are lavishlv
trimmed with fur and have the smart
est possible lines.
Silver Embroidery.
\ frock Of Nile green crepe is en-
broidered with silves and has an elab-
crate sa.h Of velvet exactly match
ing the crepe.
Printed Handkerchief.
The pocket of practically every
suit has its printed handkerchief with
gay and colorful designs. and MANY
gloves have a silk bracelet about the
wrist through which may be fancy
kerchief.
Relief for Head.
The most popular wells are em-
broidered very lightly. and give 4
filmy. airy effect, to an otherwise Sc
we're and serious looking hat.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-21

Shinto wedding ceremony in the first
act and the sudden and ill-omened
entrance of the Zonze, Butterfly's un-
Gle. soon thereafter. are incidents
possessing profound significance for
the carncst-minded little bride. as the
first is TO change the course OF her
entire life. while the second separates
her irrevocably from her past. What
happens in the second and third act
is closely connected with these incl
dents, and forms the remarkable dra-
matte framework into which puccini
has woven his exquisitely beautiful!
symptom" score.
Tamalii Miura. japanese prima don
M we'll known 10 San Antonio audi
enceS will sing the part of Che Cho
san Mt the twilight concert in San
Antonio and will be supported by Il
notable cast.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-21
H | n 7 S
Blue in All Shades.

The all-blue hat is featured in all
shades. from the delicate gray blue to
the brilliant sapphire blues and all
the in between tones. Embroidery in
silver is one of the most popular
trimmings for them.
COlOrfu, Innings.
Short coats of white ermine or very
light colored furs are lined with
delicate pink, blue or green Satins.
Lavish Trimming.
Knitted suits. with capeS or coats
to match. are bound TO be popular for
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-21

4 cleverly designed pair of rompers
for a small boy or girl is made in one
piece if one wishes. or in two pieces.
But in any case it is most convenient
ly made for easy washing and IRON
ing.
Which is an important item in the
household economy of families with
active youngsters to keep clean anC
tidy.
Beautiful Roselawn Cemetery. not
n graveyard, a beautiful. well kept
burial park. Crockett 1GSS.-(Adv.)
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-21

The elevator hoy was green at the
sob. Two passengers, man auh n
woman. got on at the street floor.
''iSinth." said the latter orce they were
fairly started sixth" said the man.
stopped ut the ninth. on the way kacN
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-21

A fight in It: As Shakespeare says
remnrl,ed Cassidy. who was fond q airing
his book larrin'" occasionally. "Ehcct'
IN a name?" Well" replied Casey. "cill
me wan that OF don't like an Ofl show
ye."-New York World.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-21

the man said: "Why in thunder didn't
YOU stop at the sixth floor? The sixth
is lower than the ninth" u know that.
said the elevator boy, but the lady
said Ninth first"
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-21

riety. but it is much easier TO man.p-
ulate and makes the job Of sweeping
much less arduOus
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-21

if they are rinsed in borax water in
stead Of being starched i'll the reg
ular fashion.
Easy for Sweeping.
A long handled dust pan is more
extensive than the short-handled "a
The Birmingham age-herald., 1923-06-16
FAVOR DEMONSTRATION FARMS

The recess committee on agricul : ture will present to the legislature a bill providing for the establishment of demonstration farms at the state secondary agricultural schools. This decision was announced by the com mittee today following a discussion of the subject of vocational agricul- ture by Dr. John W. Abercrombie, state superintendent of education. and J. B. Hobdy, director of voca- tional education.
 During the conference a full dis cussion was entered into with refer ence to the state secondary agricul- tural schools" said the statement. This phase of the matter was en- tered into with interest by all mem- bers of the committee. It was brought out forcibly by facts and figures that these schools constitute one of our most effective agencies for training young people not only in the theory but in the practice of ag- riculture and home ma king"
 The recess committee adopted a resolution indorsing the vocational education program now in operation and commenting the vocational type of instruction now being given in ag- riculture and home making.
The Birmingham age-herald., 1923-06-16
PAROLE FAVORED FOR WOMAN SENT TO PEN FOR LIFE
Mrs. Wasserleben Exoner- ated By Mother, Who
 Also Is In Prison
STATE CAPITAL BUREAU l
 THE AGE-uERALD Montgomery Ala J,tne TX l


 Mrs. Virginia Wasserleben, Mobile woman who has served since 1913 on life sentence for murder, was recommended to Governor Brandon for parole by q two to one vote or the state board of pardons Friday afternoon s. II. Blan and w. B. All good voted in favor of the parole, while Harwell G. Davis voted against 1t.
 Mrs. Wasserleben was convicted Jointly with her mother, Mrs. Godeau, of the murder of her husband, Fred erick Wasserleben, a Mobile police man. Both have been confined in the state prisons at Speigner and Wetumpka since their cases were af firmed by the supreme court.
 Mrs Godeau has exonerated her daughter of any connection with the murder and contends that she was committed. Paroles were recom- mended in five other cases by the board as follows:
 George Cavas, Russell. first de- gree manslaughter; w. T. Hanson. Etowah, assault to murder; Willie Smith, Shelby. first degree murder; :; J. Tom Autrey Clarke. first degree murder; William H. Lewis, Dallas, statutory offense. S. H. Elan dis scented in the case of Autrey
 The board declined to recommend clemency in 25 cases and postponed action in two others. Cases which will be given further consideration are Ben Mattocks, Madison, burglary and grand larceny, and Morgan Jackson, Houston, grand larceny.
The Birmingham age-herald., 1923-06-16

bery and that he would receive only a short sentence in Alabama.
 Wilson was under indictment here for burglary and larceny, the stolen object being revolver which was found on him by the police in Ea t St. Louis, where he was attempting to rob box car," said MT. Mcknight. No one told him, in my presence, that he would have a long sentence to serve in Illinois and that it would be better for him to go back to Ala bama. where he would receive a lighter sentence.
 T understand that Wilson now claims that Ewing (the detective who made the arrest) promised him that if he, Wilson, would say that he was with Christopher (accused joint ly with Wilson of the murder of Kirby Cole at Athens, who was killed while resisting arrest) and that Christopher was the man who did the killing, that Wilson could only receive a sentence of two years in Alabama. Such statement was never made In my hearing by Mr> Ewing or anyone else.
 T feel 1t is quite a responsibility for me to give this information from memory to transaction which hap pened more than a year ago, because a mans life is at stake. Neverthe- less, as an officer of the law, 1 feel it my duty, when called upon, to give the facts. l have done so according to the very best of my recollection, remembering my oath of office and remembering the gravity of the ca se."
 MT. Mcknight expressed the opin- ion that the board of pardons was correct in declining to recommend the communication of the death sen tence to life imprisonment.
The Birmingham age-herald., 1923-06-16
sC|Ty AND COUNTY
 ASKED TO EXEMPT !. NE w ENTERPRISES
Gadsden Civic Clubs To Con- duct Industrial Survey Of
 District
GADSDEN RtTRFAU !
 THE AGE-HERALD ! EadsxSen Ala Inne ln !

Resolutions calling upon the city and county to exempt all new in dustries from taxation for a period of not less than five years and pledging to the Alabama Power com pany the hearty cooperation of Gadsden in it's efforts to develop the industrial resources of Alabama fea- tured the joint meeting of the-several civic clubs last night. The meeting was held at the Printup hotel and was called for the purpose of dis cussing plans for bringing more fac tories to the city and district. Moth ing definite was done except to de- eide on an industrial survey of the district and to back up the Chambe er of Commerce in some of it's plans now being worked out.
The Birmingham age-herald., 1923-06-16
RANKS LIKELY TO BID

Alabama bankers probably will submit bids for the second issue of s3.o00.000 of highway bonds when the state highway Sond commission meets Saturday morning. Informa- a- ton Friday indicated that investiga- tions had been made by banks of Birmingham, Mobile and Montgom- cry following the refusal of the commission to accept any of the bids submitted two weeks ago. The sec ond issue will be used in carrying on the road building program in CO., operation with the federal govern ment during the next year. Members ot the highway bond commission are Governor Brandon, Harwell G. Davis attorney general. and John A. Rog- CTS, chairman of the state highway commission
The Birmingham age-herald., 1923-06-16
INSURANCE RULINGS GIVEN

state Insurance Commissions r Frank N. Julian, in a ruling an- nounced Friday, held that all execu- tive officers of incorporated insur- ance agencies, or members of firms copartnerships and all persons soliciting or placing insurance, must hold individual license for all com panies represented in the agency. and that it will not be sufficient to license one person of each company rep resented. Commissioner Julian fur ther ruled that pocicies of fire, fire and marine and casualty insurance must be countersigned by a duly quail flied resident agent and that special agents, executive agents and general agents have not the authority to coun- tersign such policies. These rulings were announced by the commissioner in response to queries propounded and were based on the law in the case. Commissioner Julian announced also an amendment to a ruling is- sued in 1920. relating to payment of premiums, the amendment providing that where notes are accepted in payment of premiums no interest is required on notes the due date oi which is within 60 days of the time the policy becomes effective. Orig inally interest was paid on all notes accepted for deferred payment
The Birmingham age-herald., 1923-06-16
PULLMAN BOY HURT
 IN ELEVATOR FALL
Leg Is Crushed When Struck By
 Moving Machine

CULIMAN. Ala, June 15.-(Spe- cial Roy Payne was seriously in- jured Friday when the elevator in the rear of the Guthrie Furniture store fell with him from the second floor, striking d concrete floor 15 feet below The elevator was loaded with moving machines. One of the ma chimes was thrown against the boy as the elevator hit the bottom, crushing his left leg about his knee. Physi- clans were summoned and immediate treatment was given him. The injury was of such serious nature that young Payne was taken to Bir- mingham inrirmary to undergo treat ment.