davidaulloa/AmericanStories huggingface dataset:
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24
Banking Power and Industry

Banking Power and Industry
With the lie blood which loans
have given to these industries, the
United States has become the greatest
manufacturer and greatest exporter OF
the world The people who habitu-
ally borrow such proportion OF their
financial requirements as circum-
stances may suggest, know the pro-
cesses by which loans can be made
from the banking power, on stocks,
bonds, or other similar securities,
notes, "acceptances," etc, and so the
flow of money into and out of the
banks keeps the wheels Of industry
and business moving.
Even this vast banking power" Of
$48 ,0000000G0 and actual loans and
discounts Of something more than
$4,000. 100000 docs not by any means
measure the total value Of all the cir
culating media of various sorts con
stantly passing from hand TO hand
among the people Of the United
States. This real circulating medium
includes the checks, drafts and other
pieces of paper by which business men
transfer from hand TO hand their
claims on the wealth deposited in the
banks Of the country, for only an
extremely small part Of the actual
business transactions in the United
States are represented by actual cash.
IF bank makes loan to an indi-
vidual based on his note or other Sc
curity it seldom hands him the actual
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24

seasons and it is far more convenient
and inexpensive for him to borrow
this money at interest when he needs
it than to keep it in hand for the
few comparatively brief periods OF
the year in which he needs it for cur
rent operations. Other producers of
domestic materials, the mines, the
forests, the fisheries, find it necessary
TO borrow at certain seasons OF the
wear when the demands upon them
are above normal; the railroad and
other transportation facilities must
borrow at times to meet the unusual
demands upon them in traffic actlyi-
ties. needs for new rolling stock, and
increased compensation for employees.
In manufactures, however, perhaps
more than in any single industry Dor
rowing. the use Of money obtained by
temporary loans, is an absolute re-
ouirement of successful business. Raw
materials, which are largely the prod
uct of the farm and mine, must be
bought. chiefly at home but consider
able Quantities abroad, workmen must
be paid with promptness and regu-
larity, manufactures turned out must
be warehoused and await opportunity
to sell at favorable rates, and all these
features in the activities of the manu-
featuring industries require large
sums of capital and supplemented by
still larger sums in the form Of loans
at certain periods Of the years activi-
ties
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24

th3n this wealth is { .,tcd by loans
into channels Of use 1853 1t is
brought together in 81 al urge
quantities frc.n All classe; yons
who do not Immediately l x and
VINO do not have the tacilitI.. o loan
it directly"
Americas Banking Pow
The banking po~c:" whose t.ee-
fulness is th1s 9a;:i;:pIei ~ -
credit instruments above referred 20
is far greater in the Dr.i,s5 otztcs
than in any other country M:;itlS!l
puts the banking power Of lie Gns:ei
States in 1870 at $2,14l ,0003D, CT. If
an estimated world total of $7..aE-
100000, our total at that time rasas:
slightly less than that of the United
Kingdom but vastly more than that OF
any other single country By 1890 our
total was, according to the same au-
thority, $5,0l2,000,O0, and slightly ex-
ceeded that of Great Britain; while
Webb, i'll his Dictionary of Statistics,
puts the worlds total in 1908 at $45,-
500,000,000, of which $l7 ,Sl9,000000
existed in the United States, $ll,l92,-
100000 in the British Empire" and
$5,500,000000 in Central Europe. No
estimate OF world banking power Las
been made since the beginning of the
war period, since the fluctuations in
the values Of the respective currencies,
especially in recent years. render an
estimate for the world extremely diff
hcult Our own total, which has
grown from $2.00000OOO0 in 1880,
$l0.685 100000 in 1900, $20000,000,0O0
in 1910 $2434l0000O0 in 1914, and
$50, H5000000 in 1922 now apparently
forms about 50 per cent OF the worlds
totaR
The London Srock Exchange Gazette
in its issue Of May Is, 1922, remarks
that the resources Of the banks of
the United States are now approx
mately equal to those of all other
states combined"
The relative growth Of the bank
ing power of the United States as
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24
HONEY BEES ARE
SOMETIMES SOMETIMES LAZY
U. S. Agriculturist Gives Some
Interesting Facts On Habits
Of Domestic Bees

WASHINGTON, March "a. - To
speak of honeybees loafing NAV seem
paradoXical, but the alleged industry
of horeybees is something of a myth
declares E. F. Phillips, Department
Of Agriculture apiculturist.
THE average worker bee in the
hands of a poor beekeeper makes
only few trips a day for nectar"
said Mr.. Phillips recently. 'When
the bees are rearing a brood the
beskeeper must manage the hive so
\ hed work is either removed or
properly placed. Otherwise loafing
will result. Finished work near the
brood slows down field work. Proper
conditions within the hive causes the
bees to make additional trips to the
fields, and thus to increase the
honey crop"
Upwards off,, 100000 people in the
United States keep bees, it is esti-
mated, and bee colonies number
about 100000. In spring these
colonies average about $4,000 bees
each and after brood-rearing they
number $4,000 or more worker bees.
Honey production adds about $50
100000 annually to the wealth of
the nation and provides a valuable
addition to the diet of the people.
The idea that bees work for moth
erroneous, according to Mr.. Phillips.
ing and board themselves in quite
During the main honey-how the eff
cient beekeeper must be on the job
daily and hourly, as highly skillful
work is required of him. The mod
ern beekeeper find bees more pro-
ductive than did his predecessor, yet
he earns all he gets, Mr.. Phillips be-
lieves and in these days of low honey
prices earns more than he actually
receives.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24

may with safety to their depositors.
as well as to themselves loan out
certain percentage of the deposits
placed with them, and it is this COM
bination of capital, surplus, circula-
ton, and deposits which the business
world recognizes as banking power"
Just what proportion of this grand
total of banking power" is actually
loaned out by the banks cannot be
stated in exact terms, though the fact
that the loans and discounts of all
banks in the United States in 1921
Appropriated $5O,OO0OOO,OOO at
fixed date, June 80, as against $48,-
000,O00000 of banking power" at the
same date, at least suggests that ap-
proximately two-thirds of the actual
banking power" is in the form of
loans and discounts which form the
"life blood" of the actively moving
industry of the country.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24

cash but informs him that the sum IN
question stands to his credit III 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 utilizes them in max
ing payments in his own business
transactions, and when they get back
to 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
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24

originally drawn, and the mere dif-
ference supplied il cash.
So it turns out that an extremely
large percentage of the actual day
to-day business OF the country is
transacted by the we OF checks,
drafts, bills OF exchange and other
forms Of credit currency and a 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 III 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 the war there
has been an enormous increase IN the
use OF credit which has resulted in
more or less initiation throughout the
entire world. 1t has not increased
wealth" but has lent itself to the
Increase of banking power. Through
all OF this, the position of the United
States has been sound, and today we
represent approximately 50 per cent
Of the banking power Of the wcrld,
as against u 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
rcncy 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 tc
season but representing in these day,
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24
BEAVERS BARS REGGARs

ATLANTA, March 24.-An order
was issued to the police department
by Chief of Police Beavers barring
promiscuous begging on the streets
of Atlanta.
One of the frequent criticisms made
by people coming to the city for a
long time has been that there are
more beggars on the streets here
than probably any city in the South.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24

of big business perhaps as much as IS
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
it, and are willing that it 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
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24
MooNsHINERs MUST DIE

FRANKLINTON, La, March "a.
John Murphy and Gideon Roster,
moonshiners, who killed Deputy
Sheriffs Wiley Pierce and Wesley
Grain near here March 3, were con-
victed of murder in District court
here late Friday and sentenced to
hang.
The actual Staying of the officers
was admitted by Murphy. Roster as
sisted him in burying the bodies.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24
POLICE CHIEF y YEARS

MACON, March a. = MaftIn
Thompson, chief of Macon police,
Yesterday completed 27 consecutive
rs of service on the police force.
N was congratulated by Mayor Lu-
Their Williams.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24
Importance Of Credit Currency

importance OF Gredit currency
The bigger the transaction the more
certain it is that it will be tempo
rarily represented BY a check or other
"credit instrument" Even these
checks when they finally reach the
bank on which they were drawn are
not usually paid in cash but passed 70
the clearing house" in which the
claims of the various banks at which
thew were deposited are offset by
those Of the bank on which they were
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24

This assertion that the loans and
discounts made by the banking power
of the country form the life blood"
of many active industries and 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, al much
larger sum Of ready cash thar al other
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24

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.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24

plus, note circulation, and deposits Of
abe banks of the country. The paid
Gp capital belongs to the bank to uti-
aize as it may see fit, so does the sur
plus and other profits which have not
been distributed to the stockholders,
DO does its own bank notes which are
Rut in circulation, while long expert
eace in banking lines shows that banks
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-03-24
BY OSCAR P. AUSTIN
Sidii,iician, The National City POM Of
Neu York

A modest paraST aph that appeared
in the annual sport OF the Comptroller
of the Currency, just issued, puts the
"h-=..dng power" of the United States
in 1922 at $5O,l75OOO,OOO against $24,-
34l,000,000 at the beginning of the war,
$l068s, 100000 in 1900 $5,700000000
in 1890, and approximately 81, l4l, 0O0,-
900 in 1870. Our share Of world bank
ing power is now estimated at approx
mately 50 per cent, against I'm per
cent in 1870 Our banking power i'll
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
cali credits" which are closely re-
lated to banking power? Banking
power" is usually defined as the sum
of paid up capital, reserves and sur
Evening journal., 1923-01-04

mered. but doesn't your husband
or Mr.. Loy-help you?"
Alice turned on Kate like a fury.
I'm playing a square game here
with the little chink-just to see
how it feels to do it." she flashed
Il take what 1 earn. Nothing more
Il get SO a week. I pay Sc for
the room Dorothy and live IN. Our
breakfasts cost us another 50. We
get dinner and supper here for
nothing. That leaves us 50 a week
to see the white lights onl
TITS a gay life, old grill"
Kate resented the sudden return
to coarseness.
I'll see about the hospital ex-
penses," she said as she rose to go.
Passing out through the dark
passage, the ironing room and the
stove. Kate found herself on the
street again. She dropped into a
restaurant for dinner. Then sought
her room. hoping in the quiet Of the
four walls to find some solace.
Impulse led her to the window.
She stood there as. II fascinated.
Then started a measured pacing OF
the floor She found It impossible TO
compose herself.
At length she found herself once
more on the street and as ~ by
some magnet force she was drawn
toward a park across the way. sho
wondered vaguely why she was go
ing there.
She seated herself. her back to-
ward a growth OF heavy foliage.
Suddenly she felt the presence Of
another person.
Ito BE Continued)
Copyright. 1922. NEA Se-vioe)
Evening journal., 1923-01-04
llshed last January"
g RAFAEL SABKTIrI
Appcr NEA SEpNcESee.

lished last January"
Il 80. 1 can't read, sir. go.
didn't know"
"Faughl" The messenger wtther-
ed him with his disdain. well, now
you're informed. See 10 It that you
are at the Secretary's Office before
noon with the ten pounds surety
into which you are obliged to en-
ter"
The pompous officer departed,
leaving Nuttall In a cold perspira-
ton despite the heat OF the morn
ing. He thought It very likely that
the whole plot would be discover
ed. and that he would probably be
hanged. or at least branded and
sold into slavery Ike those other
damned rebel-convicts. with whom
he had been so mad as to associate
himself.
Nuttall snatched up his hat. and
went out in quest of Peter Blood.
But where look for him?
Finally he determined TO so up to
Evening journal., 1923-01-04

WE'LL guess I might even have
loved him once If"
Chinatown Alice's voice broke
She brushed her tears away with
an embarrassed movement.
"Well-he's good to me, and !
guess that's about all a woman can
ask of any man.
'What'd you come TO see me
for2" Alice asked suddenly.
II thought there might be some
thing-' she foundered, something
could do"
There IS" said Alice. Help me
pay Dorothy's hospital expenses"
TIL be glad to-" Kate stan-
Evening journal., 1923-01-04
HOUSEHOLD NOTES

Bake popovers in iron or earthen-
ware.
If nuts are kept cold they will
not become rancid.
Steamed figs with cream are a
desirable breakfast fruit.
Marshallow whip Is delicious
served on pineapple salad.
Chopped pimentos give a delight
full flavor TO corn pudding
Sliced lamb IS nice dipped in egg
and crumbs and then frieG
The flavor Of poultry is spoiled Il
1t is covered while roasting.
A FIG or prune dish generally re-
quires a dash OF lemon Juice.
z Very. acid fruits should never be
served with a cereal breakfast.
An appeizing breakfast Is fruit,
cheese omeletand rice zriddie cakes
Evening journal., 1923-01-04
NEWS ODDITIES

Umbrellas brought a fortune OF
s10,o0o,000 to six people.
Gypsum IS quarried in New Bruins
wick.
Copper Is found in almost all of
the European countries.
There are six species Of the alder
tree in North America ana three Of
shrubs.
In 1896 there we're only four gas
oline cars in the United States.
Evening journal., 1923-01-04

BLOOD, physician and al,
venturer. becomes the slave OF Sol9,hei
Rishop on the island of Barbados
having been sent there after an I'M
3ust conviction on q charge or urea
son against King James OF England
He Is permitted unusual freedom pc
cause OF his knowledge or meolelne
an6 thus Is enabled TO become the
leader in a plot 20 escape from the
island. one Of his fellow conspira-
tors IS Jeremy Pitt young SNIP
master. An interesting friendship
develops between Blood and Aranella'
Evening journal., 1923-01-04

They met at the gate OF the lux
uriant garden of government house
Colonel Bishops plantation. Prob
ably Blood would be there. II he
were not, Nuttall would find Pitt,
and leave a message with him. He
was acquainted with Pitt and knew
OF Pitts share in this business. His
pretext for seeking Blood must be
that he needed medical assistance.
And at the same time that he set
out, Blood was setting out from
Government House at last, having
so far eased the Governors condl-
ton as to be permitted TO depart.
Being mounted, he would. but for
an unexpected delay. have reached
the stockade ahead. of Nuttall, in
which case several unhappy events
might have been averted. The I'M
expected delay was occasioned by
Miss ArabeIa Bishop.
They met at tho gate OF the lux
uriant garden Of Government
House. and Miss Bishop. herself
mounted, stared to see Peter Blood
on horseback.
Good morning. sir" she hailed
hi.l pleasantly. It's close upon a
month since last saw you"
Twenty days TO the hour. q"
said he. I've. counted them"
II he would wait a moment they
would ride back together. She had
but come 10 inquire OF the Cover
nor's health at her unole's request.
So he waited. nd so they rode
back TO Colonel Bishops house
They rode oblivious Of all others in
the world that morning He was
telling her the story Of his early
turbulent days.
CHAPTER VII
Pirates
Mr.. James Nuttall made all speed,
regardless Of the heat in his journey
from Bridgetown 10 Colonel Bishops
plantation. where he learned that
DR.. Blood was not at home. A man
OF sense might have sat down and
waited, judging that 10 be the quick
est and surest way in the end. But
Nuttall had no sense. He blum
dered TO the end Of the avenue. and
round the corner OF 1t. and there
ran into Pitt, alone, toillng with
wooden spade upon an irrigation
channel. Pitt stared at him. and
the shipwright poured ont his dis
NAL news in a dismal tone.
Round the block of cane came a
big man in biscuit-colored taffetas
followed by two negroes in cotton
drawers who were armed with cut
lasses.
Mr.. Nuttall looked wildly this war
and that a moment, then bottled like
a rabbit for the woods. Pitt groaned
and stood still. leaning upon his
spade.
Hi, there! Stopi" bawled Colonel
Bishop after the fugitive.
But the fugitive never so much
as turned his head.
He turned now upon the slave a
countenance that was infamed By
heat internal and external.
Who was that runagate?" he
asked with terrible suavity.
Leaning over on his spade Jeremy
Pitt hung his head a little, and
shifted uncomfortably on his bare
feet
The planters bamboo cane fell on
the lads naked shoulders with sting
ing force.
Jeremy looked at the burly plan
ter out OF sullen almost defiant
eyes.
Il don't know" he said, and In his
voice there was a faint note at least
OF defiance,
CONTINUED I'm Our Next Issue)
Evening journal., 1923-01-04
THE ONE-MAN WOMAN
Playing A Square Game
Ry Ruth Agnes AbeInp
By Ruth Agnes Abelins

SYNOPSIS
KATE WARD. following her husband
death, returned from the city TO her
childhood village to care for hei
JUSTIN PARSONS. To their cottage
CHfNATowN ALICE with the story
that Hates dead husband.
DAN WARD. was the father OF Alice's
DOROTHY. Later came the news
that Dorothy was very i'll and Kate
visited Alice at the laundry of
to discuss what should be done for
the child. Kate assumes that Alice
is married TO the laundryman. at
which Alice laughs.
I'm Sing Logs wife Just about
as much as I was Dan Wards Wife"
Alice went on.
Kate Ward WINGED as II she had
been struck.
"Then-why don't you 1eave-if
you don't like II here7" he heard
herself saying.
Ieave-leave-" Alice perched
on the edge Of the scarlet bed. her
chin up-tilted. her eyes thoughtful.
ms III NttiFE--l IllEDL
leave" medltadvely. land walk the
streets looking for work during the
day and SIT on a park bench at
night. Meantime Dorothy" she
broke off.
'Leave!" she began again. Dan
gerous lights were lurking in her
eyes. WHO have I got to leave for?
And what could do. anyway?
Here 7 get three square meals a
day! Sure we all eat at the same
uable-us girls and our Chineses boss
es and sometimes a cat or two! But
we eatl And that counts.
And who could I find," the
words were tumbling out furiously,
who could find that wouldn't
cuss me out when I moved too slow
or folded something wrong? Not
any American boss!
TITS easy here-anyway.
And Sing" she was thoughtful
again, he's not such a bad sort. I.
Evening journal., 1923-01-04

A splendid candy mold Is an ordi-
nary well-buttered square layer
cake pan