davidaulloa/AmericanStories huggingface dataset:
New Britain herald., 1923-05-11
BANKING POWER OF THE UNITED STATES

originally drawn, and the mere diff
ference supplied in cash.
So it turns out that an extremely
large percentage of the actual day
to-day business Of the country is
transacted by the use OF checks.
drafts, bills of exchange and other
forms of credit currency" and very
small per cent in actual cash. Studies
made by the United States Comp
troller Of the Currency twenty-five
years ago indicated that apparently
20 per cent OF the transactions in the
cities and larger towns then occurred
in the form of credit currency and
it is probable that the proportion Is
now much larger, perhaps IS per cent.
Since the outbreak of tie war there
has seen All enormo..s increase in the
use of credit which has rejulted in
more or less imitation throu shout the
entire world. 1t has not Increased
wealth" but has len, itself 70 the
Increase OF banking power. Tn '"ugh
all of this, the position of the United
States has been sound, and today we
represent approximately SO per cent
of the banking power OF the world,
as against q per cent in 1870.
The use of this Credit currency"
consisting OF checks and other pieces
of paper utilized in the payment OF
day-to-day transactions OF the coun-
try. forms an extremely liquid" cur
rency which readily adjusts itself to
the daily activities OF business, and
as the life OF the check is at the best
but brief and its place taken by 9TH
crs representing other similar trans
actions, the total of the sum thus rep
resented may be not improperly des-
ignated as a huge revolving fund"
fuctuating in size and speed Of move
ment from day to day and season to
season but representing in these days
NSS~.
New Britain herald., 1923-05-11
king and RORABACK
fight LOOMING UP.
Fairfield Leader May Yet Try 10
Dethrone "Boss"
BY GEORGE II. MANNING
(wnshington Bureau OF Kew Britain Herald).

SWhshlhgton bureau or HeW BRITAIN Herhin)'
Washington. May 1.-THE question
of whether John T. King of Bridge
port, for several years republican
national committeeman and the re-
publican boss of Connecticut until
j. Henry Roraback dethroned him
and took the honors for himself, Is
planning to shortly make another
forceful attempt to seize tho polit-
ical reins In the state, arose here to-
day when John r." called at the
White House and talked for some
time with President Harding and At
torney General Harry Daugherty, the
presidents political manager.
It was rumored in some quarters
that King is making bid for admin
istration support in a new attempt
to do come back" and that he
gave the president and his political
manager some advice about the best
means of getting the New England
delegates to the republican national
convention of 1924 pledged for a sec
ond term for Mr.. Harding.
Mr.. Kings reception by the presi-
dent and Mr.. Daugherty made 1t quite
plain that in spite of the fact that
the former national committeeman
has been endorsed in Connecticut he
Is still recognized as having consid
able power in his own state, and is
credited with still being a powerful
national political figure with formid-
able influence in party councils and
In many states outside his own.
Mr. Daugherty is too wise in poll
tics to overlook the advantage of Mr..
Kings influence at present, his pos
sibly greatly increased power at
some future time and his value about
a national convention.
New Britain herald., 1923-05-11

telephoned to the justice department
for Mr.. Daugherty to come over and
talk with Mr.. King could not be
learned. But they (King and Daugh-
erty) sat down together in the presi-
dents big reception room and talked
for about 90 minutes very quietly, in
tently and apparently in very good
humor.
Learning from Mr.. King that he
was leaving for Connecticut on the
o'clock train Mr.. Daugherty insisted
on taking him in his automobile to
the Union station. They left the
New Britain herald., 1923-05-11
By OSCAR F. AUSTIN
Stcfi,iician. The NaGonol Gin Bank of
Meu York

A modest paragraph that appeared
in the annual report OF the Comptroller
Of the Currency, Just issued, puts the
banking power" OF the United States
in 1922 at $50,l75,OWOoO against S24-
34l 100000 at the beginning OF the war,
$l0o85, 100000 in 1900, $500 100000
in 1890, and approximately 81, l4l ,OW,-
600 in 1870. Our share OF world bank
ing power is now estimated at approx
mately SO per cent, against 271a per
cent in 1870. Our banking power in
1922 is more than double that at the
beginning OF the World War.
What Banking Power Is
What is this mysterious something
which we call banking power" and
the equally mysterious and even less
tangible economic factor which we
call credits which are closely re-
lated to banking power? Banking
power" is usually defined as the sum
of paid UP capital, reserves and sur
New Britain herald., 1923-05-11
Confcrs With Harding

Mr. Kings appointment with
President {; Harding was set for II
o'clock in the morning and he ap-
peared on time. II was but a few
after his arrival that Mr..
King was ushered into the presidents
private Foffice wheer they chatted
pleasantly together for about 90 min
Just as Mr.. King was leaving At
torney General Daugherty came I'M
into the White House Of
fee Whether President Harding had
New Britain herald., 1923-05-11
SPAIN HOLDS WEALTH
Vast Amounts of Gold Which Flowed
I'm During War Being Held-Pros-
perity is There.

New York, May 11.--Spain is hold
ing the wealth which flowed to her
during the world war. is remarkably
PROSPEROUS and has no Unemployment
problem, Cyrus +. Woods of Green
burg, Pa, resigned ambassador to
that country declared upon his ar
rival on the George Washington today
on his way to Japan where he will
become American ambassador.
He said there was no truth in re-
ports that there had been protests by
New Britain herald., 1923-05-11
Girl Reserves and Hi-Am0
Plan Hikes for Weekend

The annual May social and dance
will be given under the auspices of
the Amho Girls club in the recreation
room at the factory tonight. The fea-
ture of the program will be the play
cite, Wanted a Wife," the following
girls taking part: Anna Broq, Cecilia
Krzynowek, Mary Nickson, Adriana
Hostum, Margaret Kenshaw, Amy
Chapman, Agnes Cassella, Elsie Beers,
Freida Czellicz and Bertha Kalwat.
New Britain herald., 1923-05-11

plus. note circulation, and deposits of
the banks OF the country. The paid
up capital belongs to the bank to uti-
lie as il may see fit, so does the SUI
Plus and other profits which have not
been distributed TO the stockholders,
90 does lis own bank notes which are
put in circulation, while long expert
ence in banking lines shows that banks
New Britain herald., 1923-05-11

This assertion that the loans and
discounts made by the banking power
of the country form the "lfe blood"
Of many active industries ard lines
OF trade is quite justified The farmer
must have at certain seasons OF the
year, especially at seed time, harvest,
and the marketing period, a much
larger sum Of ready cash than at other
New Britain herald., 1923-05-11

of big business perhaps as much as o5
per cent of the total business transac-
tons of the country
Credit" says a modern writer on
this subject. rests ultimately upon
the fact that many persons possess
funds who have no present use for
il, and are willing that il shall be
employed by others. The banks are
reservoirs of credit. In these are
gathered claims upon the unemployed
wealth Of the country and through
New Britain herald., 1923-05-11
BOARD FOR NATUREOPATHIsTs

Dr. Franklin Coombs of this city
has been advised that the house and
senate have passed the bill creating
state examining board for nature
opathists and that the bill will go to
the governor for his signature within
the next 10 days. DR.. Coombs, who
New Britain herald., 1923-05-11
WINS BRITISH TITLE
Miss Doris Chambers Defeats Mrs.
Macbeth in Final Game of Golf
Championship.

By The Associated Press.
Burnham, Eng, May II. - Miss
Doris Chambers of Wirral, Cheshire,
won the British womans open golf
championship here today defeating
Mrs. Alan McBeth in the final of SO
holes by one up.
Mrs. McBeth, as Miss Muriel Dodd,
won the championship in 1913 and
created surprise yesterday by elimin-
ating the title holder Miss Joyce
Wethered.
New Britain herald., 1923-05-11

has been president Of the state Ma
tureopathic society for the past four
years has been responsible for this
bill. which was introduced into the
senate by Senator Beseigel.
New Britain herald., 1923-05-11

tho people of Spain against the gay
adventures OF King Alfonzo az Deau-
vile and other French resorts,
New Britain herald., 1923-05-11

cash but informs him that the sum in
question stands to his credit in the
bank and he may check against it as
he may desire. He draws checks in
payment of the various SUMS which
he desires to pay, sends them through
the mails, and the recipient at his con-
venience passes thin into the hands OF
his own bank or utiizes them in MAX
ing payments, in his own business
transactions, and when they get back
10 the bank on which they were drawn
several DAYS later they are charged
against the balance created by the loan
and represent just that amount OF
business transacted. In very recent
years in which banks have multiplied
and the use Of the telephone and auto
mobile has put the farmer in close
touch with those with whom he does
business, the use Of the check in the
agricultural regions has greatly in
creased
Importance Of Credit Currency
The bigger the transaction the more
certain Il is that il will be tenDo-
rarily represented by check or other
"credit instrument" Even these
checks when they finally reach the
bank on which they were drawn are
rot usually paid in cash but passed to
the clearing house" in which the
claims OF tie -arious banks at which
thew were deposited are offset by
those of the bank on which they were
New Britain herald., 1923-05-11

compared with the world is illustrated
BY the table which follows showing
the banking power at intervals since
1870 of the world as a whole and Of
the United States.
WORLD BANKING Power, 1870 10 1922
Wwids Unifed States
1870 S.786.OO0.000 s2,l400D.000
1890 is.5Oo,OO0OO0 s,6S0W0OO0
1903 4s.5OO. 10000 l7,s10, 900 900
1922 No Data M,l75W0,0O0
sMuIhali to 1890; Webb for 1903
Evening star., 1923-05-08
UNKNOWN SOLDIER"
PICTURE CRITICIZED
Sir William 0rpen's "Aresting
Canvas" Designed for British
Museum, Subject of Gossip.
By the Associated Press.

BY the Associated Press.
LONDON, May S.-That large sec
tion of tao British public which looks
with aSHny to the Royal Academy
for a pfUtore with story" has been
intrigued by Sir William Orpen's ar
resting canvas, "The Unknown Brit
ish Soldier in France"
The picture represents a coffin,
decked with the union jack and
guarded by two ghost-like comrades.
nude, but for helmets and boots. over
whose heads hover two cherubs in
conventional attitude. The back
Hall at Versailles" where the peace
treaty was signed, and cavalry is
outlined in the distance through the
vista.
What induced Sir William to con-
ceive this work. which was painted
under agreement for the British i'm
perial war Museum. has been the sub
ject of much critical gossip. especial
ly as regards the fat cherubs, which
like warriors below.
One critic objected to the Irritating
sentiment and accessories; another
declared the picture lis almost flip
pant in spirit and out of keeping with
spoke of "ironical and satirical in
tentions," while others took similar
lines of comment.
Sir William Orpen in reply, has
explained that it had been arranged
that he should group in mirror hall
"the two-score of politicians, gen.
erals, admirals. who won the war
This took him nine months.
And then" Sir William adds, 81
Just could not go on. 1t all seemed
unimportant somehow, beside
reality as 1 had seen it and felt it
when working with the armies. So
rubbed out all the statesmen. ad-
mirals and generals and painted the
picture it now is"
Sir William added that he satirized
nobody and that he did not intend
to set any problems. Il painted the
picture in all seriousness and humil-
ity," he added.
Evening star., 1923-05-08

automobile which
sue distinct
advantage needing an chair or table
Evening star., 1923-05-08
$1O,0OO,OOO BUILDING HALTED

NEW YORK, May 8-Columbia Uni
versity has been obliged to discon-
tinue for the time being its 10000
900 building program, President
Nicholas Murray Butler announced
today. because present building costs
and uncertainty as to whether these
costs may be greater in the imme-
diate future.
Evening star., 1923-05-08
SIS, $3.50, $49.5O

Even after summer weather has or
dered the heavier fabrics off the stage,
there will still be wraps, big, swirling
soft ones, or loose, ripping capes, to
carry on the smartest touches OF the
spring vogue.
Heavy Canton crepes, roshanara, bro
caded silk crepes and lightweight
poiret twills are used effectively in the
newest summer wraps. They all favor
the dressy styles, for how could such
beautiful fabrics as these be otherwise?
Great side ties of MORE, waffle pleated
collars, lavish braid trimming, novel
sleeves, drapes and other touches of
distinction mark their vogue, and every
wrap is exquisitely made and lined with
a light-colored crepe.
Two styles from our many large groups of
summer wraps are pictured. One is a graceful
cape of black roshanara that shows lining of
black satin-stripe taffeta The high roll collar
is cross-tucked for trimming and narrow tie
holds it together at the neck $3o-5O. The
other is straightline coat of brocaded crepe,
its simplicity broken only by side tie of moire
$500.
Second Floor, Lansburgh 4 Brother.
Evening star., 1923-05-08
COMMISSIONER TO U. S.

PERTH, Australia, May S.-Donald
MacKinnon, former attorney general,
has been appointed Australian COM
missioner to the United States.
Evening star., 1923-05-08
QUICK RELIEF FROM
CONSTIPATION

Het Dr. Edwards Olive i abletS
That is the joyful cry of thousands
since DR.. Edwards produced Olive
Tablets, the substitute for calomeI.
DR.. Edwards, a practicing physi-
clan for IL years and calomers old
time enemy, discovered the formula
for Olive Tablets while treating
patients fors chronic constipation
and torpid Hvers-
DR.. Edwards Olive Tablets do not
contain calomel, but q healing,
soothing vegetable laxative.
No gripping is the keynote" of
these little sugar-coated, olive
eoIored tablets. They cause the
bowels and liver to act normally.
They never force them to unnatural
action.
If you have q dark brown
lnouth"-bad breath-a duh, tired
teeling-sicIe 1eadache-torpid liver
Nconstipation. you'll find quick. sure
and pleasant results from one or
two Of DR.. Edwards Olive Tablets
kt bedtime.
Thousands take them every night
Dust to heep-nghk Try them. 1Sc
s-t. N-
Evening star., 1923-05-08
Colored Willow

Walnut Brown. Apiece suites, $112
Blue Frosted, 3-piece suites, $l36.sO
/, Banana \ elbow, 4 pieces, $l26
Brown and Gold, 5 pieces, $3.50
Orange Brown, 5 pieces, $l27
Black and Gray, 5 pieces, $ll4
Peacock Brown, 4 pieces, $126
Mulberry Frosted, 8 pieces, $l26
Suite in Putty Color, 4 pieces, $llz
Evening star., 1923-05-08

Convenient combinations of
a lightweight corset and a
brassiere. Ideal for sports,
active housework and many
other phases of summer wear.
Heavy dolby cloth or fine
madras, with elastic hip cores.
Sizes 32.to a..
The Washington times., 1923-08-08
UNIVERSITY is
SCORED IN
BOOK
"Grey Towers" New Anony-
nous Novel, Creates Furore
at Chicago Institution.

CHICAGO, Aug. 8.-"Grey Tow
ers." anonymous novel published
this week, is causing unusual ex-
element at the University Of Chi
cago. It was written, presumably
by a former teacher Of English in
the university.
All the characters are easily iden-
titled. Some Of the passages that
are causing hot comment at the
school are:
Coed went Intentionally only into
the offices Of the men Instructors"
THE problems one prof assigns
every year may be obtained for $25
a notebook from fellows who have
had the course"
None but an idiotic Board Of
Trustees would have appointed her
(the Dean of Women) to the posi-.
ton of counsellor to the girls in
college,"
1.-THE school is getting too large
students Is undesirable-a very large
portion from the west side Jewish
districts"
Prexy,' in his dotage, plays with
the idea of new buildings as a
spoiled child with his toys"
THE spirit Of the place is SNUG
and cold"
The author divides members of
the faculty sharply in two classes
northumberland bigots and pos
ing aesthetics. Devastating shots
are taken at the alleged faculty
petting parties and a sharp de-
scription Is given Of the heroine s
adventures with a male professor
late at night in his office.
The Washington times., 1923-08-08

whose chef, Antonio Dolls, judged
recipes in the latter half of the
contest.
The Washington times., 1923-08-08
PRESS WANTS CHANGE IN
WILHELM'S INSCRIPTION

BERLIN, Aug. S.-"To William,
the brilliant windbag and flying
Dutchman." is the inscription
which Die Welt Am Montag sug
gests be put on the monument to
William II, which stands on a hill
overlooking the Baltic near the bath
ing resort Of BinZ.
The monument has relief 81
the former monarch-now bears the
words: ITO William, ruler Of seas
monster Of armies, this ancient
stone pays homage"
If the metal-collecting commission
fails to scrap the monument, Die
Welt Am Montag urges that the
inscription be changed.
The Washington times., 1923-08-08
SAW COOLIDGE
TAKE. OATH
IN HOME
J. m. McInerney, Chauffeur,
Tells Of Scene in Little
Northampton House.

Joseph NJ. McInerney. formerly of
3S r street northeast, and two
years ago a telephone operator at
police headquarters, today Is home.
with the distinction of being one
of the six persons who saw Pres
ident Coolidge take his oath Of Of
flee last Friday.
Mac" has been chauffeur for Mr..
Coolidge since May 1. He left
Washington at that time for North
hampton, Mass, and during the
summer drove the Coolidge car on
trips through New England.
He received the news Of Pres.
ident Harding's death at. Bridge
water, VT, in a telegram from
Secretary Christian. He telephoned
Assistant Secretary Erwin c. Gels
ser, and the two set out by motor
for Plymouth, where Mr.. Coolidge
was staying.
Mac" claims he made the seven
mile dash through the moonlight in
eight minutes. He arrived with Mr..
Geisser as Mr.. and Mrs. Coolidge
were descending the stairs. Both
were on the verge of tears. he said.
Mac" stood at the door to hold
back intruders until he was relieved
by L. L. Lane, president Of the
New England Railway Association.
"I was standing next to Mr.. Cool
idge when he took the oath of Of
flee" said McInerney. His father
read the oath, a few words at a
time, and Mr.. Coolidge repeated the
words after him. Beside me were
Mr.. Lane and Congressman Dale,
of Vermont. Mr.. Geisser stood back
of me. Mrs. Coolidge was apart
from the group around the kerosene
lamp. No others were in the
The Washington times., 1923-08-08
Attractive STYLES in Bungalow Aprons
At $1.OO

Made of excellent quality percale, in checks and
figures Some few ginghams in the assortment. Many
finished with piping in contrasting colors, others
are trimmed with rick-rack bald. A few have pain
colored bodices and checked skirts. All have pockets
and belts. The colors include blue, green orchid,
black, etc.
Kanns-Second Floor.
The Washington times., 1923-08-08
ORANGE RECIPE
CONTEST WILL
END FRIDAY
Some Delicious Drinks Already
Entered are on Menu at
New Willard Hotel.

The Washington Times Orange
and Lemon Recipe Contest closes
at 6 p. m. Friday.
=. BY that hour, the Contest Editor
must have all entries for the final
week of the competition. During
the past several days, the office has
been virtually deluged by Washing
ton cooks with their favorite sug-
gestions for salads or desserts made
Of oranges or lemons.
The fact that the winners or the
first three prizes will receive awards
Of delicious Sunkist oranges spurred
many to use all ingenuity In form
ulating new delicacies.
This marks the close Of one OF
the most popular campaigns ever
inaugurated by a Washington news
paper. With announcement OF the
winners within the next few days,
the contest will have run a month.
The first two weeks were devoted
to recipes for orange and lemon
drinks, and the following fortnight
was given over to salads and
desserts.
The first prize is two boxes of
Sunkist oranges; the second, one
box, and the third, one-half box.
In addition to these principal
awards, ten oak recipe filing cab
inets, containing illustrated recipes
for Sunkist oranges and lemons,
are given. These cabinets are OBJ
tainable by calling in person at
Room 346, Munsey Building.
Many Of the recipes submitted
showed considerable resourcefulness
and taste for blending. This is
attested by the fact that some of
the suggested drinks are now on
the menu of the New Willard
Hotel. whose chef acted as Judge
during the first two weeks. The
same procedure may be followed in
salads and desserts at LIE Paradis.
The Washington times., 1923-08-08
Pure Linen
Table DamaSk
Regularly $2.25.
Special Thurs Ct OK
day, Yard. -. O1oOO


-68 and 20 inches wide; sill
yer bleached and pure white;
good heavy weight and sturdy
wearing quality; in assorted
patterns.
Pure Linen Glass Toweling;
good weight and very absorb
emit; in blue and red 0E~
checks. Special, a yard AOO
Turkish Bath Towels; good
heavy weight and large size;
in plain white with fancy blue
and yellow stripe Goo
border. Each ...... UOO
Kann's-Street Floor.
The Washington times., 1923-08-08
4O-Inch Plain White
Transparent
Organdy
Special, Ok

Very fine and sheer quality,
with nice crisp finish.
Fancy White Goods; SO
inches wide; fine and sheer; in
plaid, check and stripe pat
terms; CSC and Soc values.
Special, a OQO
yard 6ON
Imported White Ratine; SO
inches wide; very closely WOW
en- and good weight for sport
skirts and suits; regularly
$1.OO. Special, a TX
yard OON
Kann's-Street Floor.
The Washington times., 1923-08-08
W. r. And E. Company
10 Suspend Service
Five Minutes

Suspension of service on all
of the cars of the Washington
Railway and Electric Company
at 4 o'clock Friday to continue
for five minutes in honor OF
President Harding was an
nounced yesterday by President
William F. Ham.
Employees will remove Cheir
caps and stand in reverence for
that time. Excepting for work
that is absolutely necessary for
public service the offices and
shops of the Potomac Electric
Power Company will be closed
all day today and Friday.
The Washington times., 1923-08-08

in Art NeedleWOrk
and Art Novelties
-$1.95 Stamped Bed Spreads
and Bolster; double bed size;
unbleached, cross stitch blue
bird design; also white spreads,
in French knot basket de-
sign. Special CT 20
Thursday ....... OA"C
Stamped S p or t Hats,
for women and misses; white
and combination sport RRO
colors.. Special each. OON
$3.50 Changeable Taffeta;
SO inches wide; good quality;
for making lamp shades, doll
lights, French pillows, etc.
Special, C1 OK
yard ......... OA"OC
Wood Bead Fringe; for fin
ishing lamp shades and hall
5 ys4d Special 55c
200 instruction Books; vari-
Gus kinds. Choice, Eo
each .............. w
Japanese Sewing Baskets;
trimmed lids; were EEo
75c. Special, each. -. OcN
-$1.95 Boudoir Doll Lights;
with cord and socket; china
and natural hair CT 40
heads. Special :. OHIO
-35c Hand-painted Hangers;
for baby clothes; in white,
pink and blue. Special, OOo
each AOC
Kann'-Fourth Floor.
The Washington times., 1923-08-08
SALE OF JUST ONE PINT"
LANDS GROCER IN PRISON

BALTIMORE, Aug. 8. A pint
Of whiskey sold to a stranger land
ed Jacob Fox in police station.
Prohibition agents entered Fox's
store and winked at the proprietor.
In rapid succession the liquor and
marked money changed ownership.
Fox was industriously selling
crackers few minutes later when
the agents returned,
The Washington times., 1923-08-08
Blenishes

a c n e r e d
spots, a n d
that in1pos-
sible some
thing which
n O f a C e
cream, mas
sage, or face
powder ca n
cover up or
The Washington times., 1923-08-08
Officials Accused of Fraud.

HARRISBURG. Aug. 8. - Mrs.
Sadie Hacker today caused the ar,
rest Of DR.. c. ]. v. Flowers, head
Of the River Drive Hospital Cor.
poration, and H. v. Campbell, the
corporations secretary, on charges
to defraud her out of six building
lots in Lawnton, valued at $1,000.
which they are alleged to have
promised to exchange in stock of
the hospital.