davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-11
Of FRANC
PUZZLE TO
EXPERTS
Are Unable to Understand
Failure to Maintain Position
in View Of Developments.
Copyright, 1924. by Cosmopolitan
News Service.)

Copyright, 1924. by Cosmopolitan
News Service.)
NEW YORK, March 11.-Not as
an instrument of facilitating inter-
national commerce, but as q meas
ure of the financial and credit
standing of modern nations, is the
significance Of the enormous specu-
lation in foreign exchange which
has featured the last four years
and continues uninterruptedly to-
day.
Foreign exchange experts are
frankly puzzled at the failure of
the French franc to maintain it's
position. in view of the favorable
developments affecting the welfare
Of the French nation, and the rapid
strides it has made to economic re-
Mobilization. II short selling has
been INDUCED in, it has not been
In the American market. If British
and German political agents have
combined to depress the franc in
international markets, they have
been playing for stakes.
French to Blame.
Naturally, the French investor Is
the least shock-proof Of all impor-
tant European people, and takes
fright easily. when his savings are
jeopardized. Instead of backing up
his country's currency, he has
been swapping francs for pounds
and dollars. in much the same way
as the flight from the pound"
was conducted by outside investors
last fall, and again in 1922. In
evitably, the rush to sell has forced
downward the quotation of the
franc in international markets.
1t Is obvious that short selling Of
q currency cannot be carried on
like the same process in the security
markets. Spectators who sell
stocks short know that there is a
supply of such stocks which can
be borrowed to make deliveries and
thus complete the transaction. But
exchange bills are created for
specific commercial transactions,
and are not in the form Of
permanent security. Short selling OF
six months or nine months bills
Is an entirely different matter, the
seller relying upon the prospect Of
a drop in quotations in the inter-
vening period, sufficient to permit
him to buy the spot bills to de-
liver.
Lack Of Imitation.
Many economists in considering
the position of the French currency,
and the comparative lack of infla-
ton in note issues, fail to consider
the enormous outpouring OF inter-
est.bearing Treasury bills and short
notes sold to domestic investors. In
effect, these notes are more in
furious to the standing Of the franc,
than bank note issues. for reason
that interest accruals thereon
automatically incr Ease the volume
of ultimate redemption. Should
the policy be changed to that Of
general initiation Of the franc, via
the printing press method, the fate
of the franc would soon be sealed.
and it would doubtless tumble as
did the mark.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-11

-----lll-l~H1na-z.l-5
Allis c. Mfg. pfd. u. T..
Am. Ayr. Chem.
Am. Ayr. C. pfd. .
Am. Beet Sugar..
Am, Bosch Mag.
American Can. ....
Amer. H.&L. pfd. i.
Amer. Loco. .....
Amer. SAT. r..
Amer. Ship & Com
Amer. Snelt.
American Snuff. .
Amer. st. FOun....
American Sugar..
Amer. Tel q Tel. .
American Wooden =.
Am Writ p pf.
Anaconda Copper .
Asso Dry Goods. .
Associated Oil.
A, Top & s Fe.
A, Top & s Fe pr.
A, B & At Ry.
At Gulf & w I pf.
Austin. Mich. & Co.
Auto Knitting.
Baldwin Locomotive
Baltimore & Ohio .
Bethlehem Steel ..
Boone Mills. ......
Brooklyn Mat. TT.
Burns Bros. B.
Butte Copper & T..
CaddO Oil ........
California Packing
Cerro de Pasco. :. .
Chesapeake & o. .
Chicago & Alton. .
Chic. q E. Ill. pfd.
CHI, Mil. & st. P. .
CHI, r. L. & Pac. .
Chile Copper ......
Chino Copper .....
Coca Cola ........
Colorado Fuel & I.
Col. Gas q EIec. .
Com. Solvent A..
Com. Solvent B. 80.
Congoleum G. 49,.
Consolidated Gas. =.
Consolidated Textile
Continental Can.
Cont. Insurance.
Cont. Motor.
Corn Products. go.
Corn Prod. new wi
Cosden & Co.
Crucible Steel. ....
Cuban Am. Sugar.
Cuban Cane Sugar,
Cub. Cane Sug pfd
Cuban Dom. Sug. .
Davidson Chemical
Della. Lack. & West
Douglas Pectin.
Eastman Kodak.
Erie ..S..........
Erie / pfd.
Famous Play. Las
F. NJ. & Snelt. pfd
Fifth Ave. Bus.
Flelshmann .....
Foundation. Co.
Freeport, Texas. :,
General Electric.
Gen. Electric Spl.
General Motors.
Great Northern Ore
Guantanamo Sugar
Gulf States Steel. .
Hartman Corp.
Hovoo Whoo1
Homestake Mining
Houston Oil .......
Hudson Motors.
Hupp Motors .....
Indiahoma Refining
Indian Motor.
Inspiration Copper
Inter. Combus Eng
Internal. Nickel.
Invincible OIL.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-11
DRUNK MUST PAY FOR
TOOTH HE KNOCKED OFT

PHILADELPHIA. March 1.-THE
cost OF one tooth" was the assess.
ment made against Frank Wilson.
Summer street near Thirteenth, a
special Waterman, at a hearing be.
fore Magistrate Fitzgerald Thurs.
day.
Wilson was ordered to pay for
the replacement Of a tooth he
knocked from the mouth of Police.
man Coyle when the latter placed
Wilson under arrest Wednesday
night for drunkenness. Wilson was
placed under $500 bond to insure
good conduct.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-11
Larger Than France.
Declare Back Dividend.

NEW YORK, March 11.-Direc-
tors Of the Loose.Wiles Biscuit
Company today cleared away all
back dividends on the second pre-
ferred stock by declaring a dividend
of 81 for the full current year,
payable May / to stock Of record
April 18.
The regular quarterly dividend
Of $1.75 on the first preferred stock
was also authorized, payable April
1 to stock Of record March 20.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-11
Local Stocks.
FURNISHED by W. b. Hibbs q Coz
SALES.

Capital Traction, 6@96.
After Call-Merchants Transfer
and Storage Co. 10@110. 1O@11O.
Money-Call loans, soc per cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-11

Curb Stocks.
FURNISHED by w. b. Hibbs & Coz
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-11
NEW YORK STOCK MARKET
TRANSACTIONS TO NOON

gency wire direct the Washington Times office by
the Cosmopolitan News Service - q result Of the
regular stock ticker service being out Of order due
the storm This afternoons Pink and Green editions
will carry the complete closing transactions.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-11
Oil Stocks.

: Furnished by W. B. Hibbs & Coz
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07

out our attorney having an opportuni-
ty to cross-examine j. P. Kuehner, our
former office manager who appeared
as witness for the complainant
"The complainant offered heresay
evidence to the effect that w. G. Met
calf, Central's head hog salesman, was
in partnership with Mr.. Franzmeier
of Coats, in a boar feeding project
but both Mr. Franzmeier and his son
testified that Metcalf was not a par
tner in the project and was not fin
ancially interested.
1.-THE complainant also testified that
Swift, Armour, Bangs and Berry
Lewis, King Pig Co. and others were
his competitors and that they had
bought pigs from Central.
1--WE. believe shippers understand
motives back of the hearing; motives
which have prompted all the vicious
propaganda circulated by our competi.
tors in the past
Mr.. Montgomery cites the fact that
the Minnesota Pig and Cattle company
was represented at the hearing by j.
S. Boyd, secretary of the National
Livestock Exchange.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07
Bureau Fighting
Parcel Increase
BOOST OF 800 PER CENT IN
RATES UNFAIR TO PRODUC-
ERS, REED SAYS.

A fight to prevent a 800 per cent
increase in parcel post rates has been
launched by the Farm Bureau. The
higher schedule is proposed in the
aige-Kelley-Edge bills, designed to
raise revenue with which to meet a
$15O,OO0,OOO wage boost for postal
employees.
"The Farm Bureau is not opposed
to higher wages for postal en-
ployees," says j. F. Reed, president
of the Minnesota Farm Bureau Fed
Grafton, ''but we do object to throwing
all of the burden on the farmers, al
ready debated nutil their ECONOMIC
condition is unbearable.
parcel post accounts for but a
small per cent of the postoffice de-
partment's receipts. If increased
rates are necessary, we believe that
all users of the service should foot
the bill. 1t is rank injustice to ask
farmers, who pay almost all the parcel
post charges, to stand this burden
along.
Moreover, there is now at work &
commission that is making a scientific
) study of the postal situation, especial
If problem of fair rates. When this
report is ready, the Postoffce Depart
ment itself will be able to adjust
rates."
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07
Aircraft as a
Defense Weapon

Samuel Taylor Moore in Harper's:
Are aircraft to play the major role
in the next war? Will ruin and de-
vastation be rained from the skies in
mighty demolition bombs and toxic
gases?
Will the superdreadnaghts of navies
be sent to the bottom like paper sail
boats?
Military science has not had more
momentous questions than these to
solve in three centuries.
Back in the sixteenth century an
analogy may be found in the contrOv-
ersy between the champions of the
longbOw archers and the radical adj
vocates of the harquebusers.
1t is today difficult to conceive of a
person seriously maintaining the supe-
riority of bow and arrows over musket
and ball as the weapon of infantry.
Yet the champions of the arches
presented a most plausible case in the
light of conditions and precedents OF
their day.
1t is equally difficult to conceive OF
military experts of less than a century
ago questioning the value of railroad
transportation as military asset.
Yet it was full quarter of cen
tury after the advent of the railroad
as transportation method that It's
military Importance was fully ap
preciated.
If aircraft are to be the effective
weapon of the next war, if national Sc
curity depends in important measure
on aerial defense, there are facts OF
public interest which should be
brought forth from obscurity.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07
Central Demands
Searching Audit
ONLY ONE SIDE PRESENTED AT
HEARING ON PIG SALES,
MONTGOMERY SAYS.

The Central Commission Associa-
ton has asked that the Department
Of Agriculture make complete audit
of all its books to remove any cause
for suspicion and criticism, according
to j. S. Montgomery, manager, in a
statement covering the recent public
hearing, on boycott charges filed by
the Minnesota Pig and Cattle Co..
eve ask our patrons to withhold
adverse criticism until the case has
been concluded" Mr.. Montgomery
says. eve can not publish any of
our evidence at this time in fairness
to the government. The hearing was
adjourned to an indefinite date, with
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07
Corn Constantly
Increases in Value

Corn is again the subject of q
hymn of praise, this time by a colo
blooded economist, Glenn Griswold
of the Chicago Journal of Commerce
Mr.. Griswold advances two points
first, that profits in corn will easily
overshadow agriculture's losses in
wheat this year; second, that corr
land will soon be selling for even
more than was paid during the boom
of 1919 and 1920. His article reads
as follows:
ave heard recently great cry OF
distress from agriculture because
wheat had fallen below 81 bushel.
There was a depressing and unmar-
keting surplus of 2OO,OOO,OOO bushels
and farmers faced ruin.
'Then came terrible statisticians to
show us that the surplus was much
less than reported, was of poor quality
and not a matter of great moment
since wheat is less than Z per cent of
our agricultural production.
Corn Becoming Cash Crop
'Ah, but wheat is one of our three
great money crops, while corn is not
sold for cash. replied the wheat mo-
turner's. 1T makes little difference to
the farmer what is the price of corn
so long as livestock sells well since
the corn is all fed
= "Specious as is this reasoning, and
important as wheat may be, now
comes a factor that sets both argu-
ments awry. For corn is fast becOm-
ing a cash crop and tendencies in that
direction already point to new afflu-
ence for a large part of our agricul-
tural world. Let us consider the fac
tors involved
Bumper Crops, Yet None Left
"After four consecutive bumper corn
crops, there is practically no corn left.
The visible supply, as reported by
market statisticians, is almost invisi-
BILE. Ours is the only country IN which
corn is grown in commercial quantity
"Other nations have never learned
to eat or feed corn and may never be
taught. But they have developed a
new appetite of apparently unlimited
capacity for corn products, .,ebrn oil
syrup, breakfast foods, starcnes and
other refinements. Our exports of
these things are limited almost Solely
by supply Americans are developing
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07

amazingly their liking for the same
products.
zone of the largest makers of corn
products went to his bankers some
weeks ago and asked for large loan,
much larger than he had ever asked
to buy corn. He said that if he waited
few months there would be no corn
and he would be obliged to close his
plants. The loan was made, the buy
ing Of that man had something to do
with the advance of corn and today
he has a profit of Is cents bushel on
the corn he has stored. 1t couldn't be
bought at today's price, however.
This manufacturer knows that prices
may be softened as the new crop comes
in, but he will buy the new crop and
hold the old. He sees greater scar
city of corn next year than this re-
CARELESS of how much government
figures may be increased in the final
accounting.
Little Corn Left
"There is little real corn land left
in this country that is not now plant
ed to corn as often as wise crop rota-
ton will permit. Hence the conclu-
sion that supply cannot increase apace
with demand. Hence also the thought
that corn not only is becoming a cash
crop but it is becoming sellers crop.
Another sidelight. In 1916 the
president of the Corn Products COM
pany Chat great Rockefeller expert
ment in making corn cash crop) said
in his annual report to stockholders
that there was no asset value behind
the common stock. In that year it
sold as low as 1871. Since then great
earning have been made and the stock
has nearly touched $140 share In
1916 corn syrup was exported in tin
cans and few went overseas Today
it is shipped in tank steamers. This
leads to two conclusions: first, that
corn almost certainly will compensate
agriculture many times for It's losses
in wheat. Second, farm land best
suited for corn growing will some day
in the not distant future sell for more
than was paid in 1919 and 1920 by
specializing farmers betting on the
quick future and protected by shoe
string margins. This appears to be
true for reasons other than the time !,
honored and past proven one that the |
time to buy anything is when nobody /
else wants it,"
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07
To the ColOrs, Men!

Albany Knickerbocker Press: Pur-
Pile clothing for men is suggested In
London and London supposedly is the
dictator of fashions for men.
There's a movement to get away
from the somberness of masculine at
tire and to brighten the sex and con-
sequently the world with colors. Why
not?
A little color ought to make life
brighter.
1t is too drab anyway.
The only opportunity man has to in
dulge his color sense is in his neckties
and his shirts and there are still some
sticklers for white shirts, some who
insist that there should be no color
whatever in a shirt.
Away with them!
A London designer of mems cloth
ing, the Paquin of the male sex, is
leading the fashion toward color
He suggests that at least subdued
purple for evening clothes would be
effective, and lounge suits, he thinks,
should be brighter in color.
Moreover he would take away the
present soft collar or the starched
collar and give man the freedom of
the old sByronic collar.
Some of the old boys may protest
The movement may have to rest en-
tirely with the young men, but it is a
good idea.
If purple evening clothes are to be
the rule some of the older men who
are still DOMINIC, on occasion, the dress
suits of college days will have to get
new ones.
That is good.
There ought to be general sub
stitution of evening clothes that fit
the plumper stomachs of forty instead
of those old ones built for the lines
of the twenties.
If purple evening clothes can bring
that reform, let purple clothes be COM
pulsory.
Life needs more color. Hurrah for
it. Let us to the royal purple.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07

Future wars will be fought with
invisible rays (like radio,) which
will create zone of death in which
everything explosive or burnable will
ignite and even metals will be melt
ed. This is predicted by H. Grindell-
Matthews, English scientist, who al
ready has perfected ray that ex-
plodes power and cartridges, kills
mice, shrivels plants and ignites
things, sixty-four feet away. Science,
which created material civilization,
may boomerang as civilizations de-
stroyer. The scientific goal is to
make war so deadly that neither side
will dare wage it. One argument
against this is that humanity has a
suicidal tendency.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07

Uncle Sam should reduce the num-
Der of migratory birds hunter is al
lowed to shoot. So claims the Izaac
Walton League, an organization to
protect woods, waters and wild life.
A bird bag limit" of course, is just
method of making sure there will
be plenty of birds to shoot. We not
only cling to our most savage and
brutal sport, we even in effect breed
its victims with methodical system
that must delight an efficiency expert.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07

petrified human skeleton found in
California. The tools were bone
awl and a rock AK. The ak may
have been used in hunting, but the
awl indicates sewing, one of the
earliest forms of work. Man has to
toll for his bread, no matter in what
part of the world he lives or in
what period of history. The few
who escape work are supported by
the toll of others.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07

The Minnesota Farm Bureau has
asked all farmers to report to its
state office on the. extent to which
radio is playing part in farm life.
1t wants to hear, especially, from
those who have sets. The survey is
being made as basis for the estab-
lishment of Farm Bureau radio pro-
gram in the Northwest
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07

Another illusion is destroyed.
We'd always envied prehistoric peo-
pie, believing they had an easy time
of it. But they had to work $4,000
years ago. This is disclosed by dis
covery of tools of labor near the
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07

President Reed urged all farmers
in the state to file protests with their
Senator's and Representatives against
enactment of the Kelley Edge
Bills.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07

A genius is man who can write a
successful play without being either
naughty or nasty.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-05-07

1t is estimated that sc per cent OF
life's annoyances are provided by peo-
pie who mean well.
Fitzgerald leader enterprise and press. (Fitzgerald, Ben Hill County, Ga.) 1921-1964, 1924-02-21
advertisement
NEW YORK SYNDICATE TO
DEVELOP GEORGIA LAND

ATLANTA, Ga, Feb. 20 Two
thousand additional acres of land. one
thousand being rice lands and one
thousand uplands, have been acquired
on Buffers Island and vicinity, near
brunswick have been acquired by a
New York Syndicate of capitalists, op
Grating through o. c. Lamp, accord
ing to reports received here by off
Gals of the Atlanta, Birmingham and
Atlantic Railroad.
This will make the holdings of the
investors approximately four thous-
and acres, and it is their purpose to
secure more land, bringing up their
holdings to six thousand acres, it is
stated.
The property acquired is said by
soil experts to be as fertile as those in
the valley of the Nile, and on which
with proper drainage can be grown a
greater variety of truck than perhaps
ON any other lands in the South.
Plans OF the company it is stated,
provide for scientifically drying all of
the rice land property and dividing it
into ten and twenty-acre farms on
which will be built farm house for
each tenant. Grounds around each bun
galow will be besutified by the plant
ing of palm and olive trees.
Both a packing and canning plant
will be erected in Brunswick by the
company which has acquired the prop
erty. 1t is also announced that many
acres of the uplands bought by the
New Workers will be devoted to the
growing of Satsuma oranges, for
which it is said to be especially suita-
h1a
Fitzgerald leader enterprise and press. (Fitzgerald, Ben Hill County, Ga.) 1921-1964, 1924-02-21
STATES PLATFORM
BEFORE FRIENDS
AND SUPPORTERS
VIM. G, McAdoo Before Conference
Tells Platform for Democratic Pres
idential Nomination.

CHICAGO. Ill, Feb, ia platform
to satisfy the demands of the progress
slves was enunciated here tonight bv
former Secretary of the Treasury, VIM
u, McAdoo, in addressing a confer
ence OF friends and supporters from
all sections of the country which call
ed upon him by formal resolution
to accept the leadership of the Pro-
gressive Democrats of the nation. The
platform pledges to drive out corrup-
ton from the officials at Washington:
new international conference in the
American capitol to promote peace;
to reduce burdens of armament and
the international justice American
participation in program of such to
popular the referendum; to take
grip of Wall street off the Treasury
Department.; to bring about prompt
railroad reforms; to put agriculture
on its feet again; to- enforce the eight
zenith amendment and all laws in pur-
suance thereof; to reduce taxes and to
clean out the Veteran Bureau and pay
soldiers their bonus.
Fitzgerald leader enterprise and press. (Fitzgerald, Ben Hill County, Ga.) 1921-1964, 1924-02-21
1882 IN GEORGIA JAILS
THE FIRST HALF OF 1928
Federal Census Bureau Gives Out Fig
ures For State

There were 1882 prisoners serv-
ing penal sentences in Georgia in the
first six months of 1923, according to
figures of the census department, Of
which number 5,779 were present on
January l, and 6,0o8 were committed
between January LIST and June 30th,
1923.
Fifty-two county jails and work
houses and nineteen city jails and
work houses did not report, while
twenty county jails reported no SEN
fenced prisoners and thirteen city
jails returned similar report.
Of the number of sentenced pris-
oners in state institutions on the
first of January 1916 were in the state
prison farm, $3.50 in county chain
gangs, 1874 in county jails and
work houses and 176 in city jails and
work houses.