davidaulloa/AmericanStories huggingface dataset:
Evening star., 1925-10-04
BANKERS MAKE STRONG FIGHT
TO SAVE FEDERAL RESERVE ACT
Want Charter Renewed for Long Term or in Per
petuity-Also Seek Removal of Handicap on
National NEUTRALITY-SUSPICIOUS. Notes.

| stock Of the Potomac Electric Light
and Power Co., the first that will be
offered to the public.
A reason for the issue is found
in the fact that the Potomac Electro
Co. is overweightel with bonds. There
is now but s6.000,000 OF common
stock, all OF which is held as addi-
tional underlying security for the
Railway As. the original bond issue
| of the Washington Railway and Elec-
| trio Co.
Issuance of the new Potomac shares,
| preferred, can only be made to re-
| imburse capital expenditures. which
| the Public Utilities Commission may
approve, Is per cent to be reimbursed
| by bond issue and % per cent in pre-
| ferred G per cent stock.
Bankers to Handle Issue.
Bankers will be given the right to
| accept subscriptions for the new stock
at 9Sha on which they will be allowed
small commission.
| Having adopted the new policy OF
issuing part Of preferred stock in
| stead of all bond financing. the
chances are that the Potomac Electric
| Co. will soon announce plans for the
retirement Of it's per cent bond Is
sue. The Public Utilities Commission
| would probably give approval to a
plan for retiring this issue with &
per cent preferred stock. to the the
amount of $1,OS5 on each 1000
bond the call price OF which is
$106.50.
knowledge that the preferred stock
would be issued did not affect the
other securities OF the company
other than the IS, which showed an
easier trend with the price at whlcn
they are callable freely bid
Lowden's Address.
Frank o. Lowden, former governor
of Illinois, addressed the A. q. a
| convention. urging remembrance OF
| the fact that the condition OF the
farmer had not been very greatly I'M
| proved by the better conditions last
| year and this. He urged the organl'
| zation Of farmers, not for the CO
| operative work Of farming but Tor
| the solution through investigation and
| unaminity Of action in solving the
| problems connected with marketing 6
| their products and for the 'restora-
| ton of the proper relationship pc
| tween the prices they receive for their
| products and the prices they pay for
| commodities
Evening star., 1925-10-04
Three High Spots
Feature Finance
During Past Week
By the Asaocisted Press.

by the Associated Press.
NEW YORK. October 3.-Marked
expansion in the volume Of stock
trading, reminiscent of last years
post election boom, a resumption OF
the upward movement in the bond
market and the development OF a.
reactionary trend in the principal
foreign exchanges were the out
standing features OF this weeks
financial markets.
Speculative enthusiasm ran high
in the stock market following re-
tention Of the local Federal Re-
serve bank rate at 81 per cent,
rejecting a general feeling of re-
lief in the financial district at the
prospect Of no immediate change.
Sustained strength of the motor
shares. which seemed invulnera-
BILE to attacks Of profit taking and
bear selling, distinguished trading.
General Motors, Hudson and Chrys-
Ter. which had been speculative
favorites, yielded their leadership
late in the week to Dodge.
Evening star., 1925-10-04
STEEL ORDERS IMPROVE.
Copper Market Also Does Better al
End of Week

NEW YOR, October 5 CP).-The
steel market has been somewhat ir-
regular, but on the whole gave a
good account of itself and a slight
gain in untitled orders is expected in
the next statement of the Steel Cor
poration.
Transactions in fabricated struc-
1ural steel during September were
estimated as high as 225,00O tons.
with further large projects develop
ing in the New York district. Sep
terber railroad orders also took 100.-
900 tons, while a large export tin
plate business was reported. Pig
iron was quiet as recent advances in
some district have made consumers
cautious.
In copper. some further price shad-
ing was reported early in the week,
but the tone improved later owing to
rallies In London, little export in
quiry and some buying for domestic
consumption, mainly for November
delivery.
Evening star., 1925-10-04
TOURISTS CROWD TRAINS
Florida Traffic Big Help to Pennsy
and B. & o. Roads.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, October 5.-Passen-
ger agents of the Baltimore and
Ohio Railroad and the Pennsylvania
Railroad say hundreds of southwark
bound tourists are passing through
Baltimore daily on their way to Flor
ida. All regular Florida trains of
the Baltimore and Ohio Railroad are
carrying close to their capacity, ac-
cording to Fl. B. Saroat, general pas
senger agent of the road.
Between 800 and 400 passengers a
day are passing through Baltimore
en- route to the semi-tropical climate
of the Southern States. Mr.. Saroat
said. During the Winter the rush will
increase.
Traffic southwark over the Pennsyl-
vania Railroad is far above normal
and extra trains already have been
placed in service to carry the over
flow from the regular trains, I. B.
Teakle, passenger agent of the Penn
sylvania Railroad here, declared.
Evening star., 1925-10-04
ENORMOUS TRADING
! |NSTOCK MARKET
Motor, Oil and Baking Shares
Lead Wild Saturday Half
Day Session.
Nv the Associated Press.

Sy the Associated Press.
NEW YORK, October with the
volume of business exceeded in half
holiday sessions only a few times IT
tie history of the exchange, today
stock market gave another impressive
demonstration of strength in the early
trading under the leadership of the
motor, Oil and baking shares. The
rapidity of the advance, for which nc
new reason could be found in the day s
news, invited heavy profit-taking
which caused considerable irregular
ity in closing quotations.
Dividend Talk Helps.
Reports of large current earnings
and rumors of special dividend dis
tributions provided the basis for the
further advances in the automotiVe
issues. Dodge Bros. A was bid uE
nearly 1 points to a new high record
at 3S, on a total turnover in excess
OF 1876, 900 shares in apparent anttcipa
1ion of the stock being placed on a
SO dividend basis IN the near futare
General Motors duplicated its hfgh
of 1925. Studebaker, which reports
that third-quarter sales were the larg'
est of any corresponding period lH the
company's history, moved up nearly
years high. Eaton Axle and Chrysler
preferred A bettered their previous
1925 high prices.
Interest Revived in Oils.
Revival of speculative interest IN
the oils was based on the recent de-
cline in crude production. Marland
established another new 1928 high,
and most Of the other popular issues
improved fractionally. Reports OF
marked improvement in the packing
industry were reflected In the steady
accumulation of these stocks, Armour
"A and Cudahy mounting to new high
levels for the year.
Talk Of further mergers stimulated
the demand for the baking issues.
Ward Baking 3 scared IL points to a
new high record, at 951a. and then
fell back to S6Ia under an avalanche
of realizing sales. General Baking
held firm around 225. F'leischmann
moved UP 3 points to new high, at
143, and then sagged to 141.
Other New High Marks.
Other stocks to attain new maxi
mum prices were American Agricul-
tural Chemical common and preferred,
Mathieson Alkali, International Paper,
ETeeport Texas, New York Shfpbulld-
ing and Woolworth. Trading in the
rails was rather quiet with prices
f1uctuating within narrow and trregu-
lar limits. Chesapeake and Ohio was
one of the few features, closing nearly
a point higher. at l0S13. after having
crossed 109. Jersey Central jumped
nearly points on two sales.
Reactionary tendencies prevailed In
the foreign exchange market. De
mand sterling held firm around
4S3 Ills, but French francs ruled a
few points lower, around 4.63 cents.
Moderate recessions also took place
in most of the other continental rates.
Evening star., 1925-10-04
FOREIGN EXCHANGE.

NEW YORK, October 3 CR. - For
eign exchanges irregular. Quotations
Tin cen<s): Great Britain, demand,
4s3 11-16; cables, 4s4 1-16: 6o-day bills
on banks, $50 11-16. France, demand,
4.63; cables. 4.631a. Italy. demand.
4.04h; cables. 4.05. Demand: Belgium,
4.46; Germany. 1880; Holland, 40.16;
Norway, zoos; Sweden. 1888; Den
mark. 24.0S: Switzerland, 19.28k;
Spain. 14.40: Greece, LA: Poland,
1915; Czechoslovakia, 2.96: Jugoslavia,
1.771a; Austria. 141s; Rumania, 4S;
Argentina, 40.75; Brazil. 1925: Toxic,
4o7s: Shanghai, 1895; Montreal,
100 1-3o.
Evening star., 1925-10-04
RAIL ORDERS INCREASE.
Four Southern Railroads Placing
Large Contracts.

NEW YORK. October 9 P).-
Larger rail orders totaIing los, 600
tons have been received recently by
Tennessee Coal, Iron and Railroad
subsidiary Of the United States Steel
Corporation. including $4,000 tons for
the Louisville and Nashville, $4,000
tons for the Florida East Coast Rail.
way and 5000 tons each for the Caro-
lima, Clinchf1eld and Ohio and the Ala.
bama and Vicksburg. The New York
Central is inquiring for 175.00O tons.
and the Atchison. Topeka and Santa
Fe is expected to be in the market
soon for 100, 900 tons.
Evening star., 1925-10-04
NEW YORK DAIRY PRICES.

NEW YORK. October 8 P).-But
ter firm; receipts, 1907: creamery
higher than extras, 51ha51az; do. ex
tras C92 score). 50l2a50a.
Eggs unsettled; receipts, 10,101
cases; fresh gathered, extra firsts
44a4s; do, storage, 35a37: fresh gath
cred, firsts, 40a42; do, storage, 33l2a
34ia: fresh gathered seconds and
poorer, 32a38: do, storage, 31a33; Pa
cit1c coast whites, extras. 6312a65 ~
do. firsts to extra firsts, 50a62A
nearby hennery browns, extras
6@a62.
Evening star., 1925-10-04
TOTAL STOCK SALES.

NEW YORK, October (SpeciaD.-
The total number of shares unofficial
ly reported as traded in on the New
York Stock Exchange today We're
l.274,400, against 2,403. 400 yesterday,
a29.100 a week ago, 322 500 a year ago
and 326,200 two years ago.
From January l to date sales were
3l8,407,922, against 1856. .103,200 a year
ago and III ,6S6,70 two years ago.
Evening star., 1925-10-04
WEEKLY BANK REPORT.

NEW YORK. October 3 P).-The
actual condition of clearing house
banks and trust companies for the
week shows a deficit in reserve Of
$21.532,99O. This is a decrease in re-
serve of $40,761,73O. compared with
last week, when excess reserve Of
$19,228.740 was reported.
Evening star., 1925-10-04
CHICAGO CASH GRAIN.

CHICAGO, October E0.-Wheat
none. Corn, No. mixed, S014as012
! No. 2, yellow. sO&as11a. Oats, No.
white. 391aa4OH; No. 3 white. 3sAs
80. Rye, none. Barley, 53a76. Tim
othy seed, 7.00a7.75.
Evening star., 1925-10-04
BUTTER PRICES LOWER.

CHICAGO. October R-Butter
lower; receipts, 9,413 tubs; creamery
extras, 49A; standards, As; extra
firsts. 44ka45h; seconds, 41a431a.
Eggs unchanged; receipts, 1886
cases.
Evening star., 1925-10-04
Want Handicap Removed.

There is no reason for handicaping
the national banks. Handicaps exist
today, and bankers want them re-
moved.
One. Of the chiefest Of these is the
present limitation Of one year as the
time limit Of time that a national bank
may hold a real estate mortgage, max
ing It impossible for national banks
to participate in the great mortgage
investment business, except so far as
they are able to acquire mortgages
with one year to run to maturity.
This handicap is a serious one.
National banks are at present char
tered for 20-year periods. They should
be given longer charters.
Other Vital Factors.
The Federal reserve act has freed
the business community from the
dread of the frequent recurring money
panics caused by the restricted, in
elastic currency Of the days prior to
its adoption.
In many other ways it has been of
indescribable benefit to the business
and banking community, and to al
low its charter to lapse would be a
national calamity. The people will
not stand for 1t.
The American Bankers Association
convention recommended the abolition
of the inheritance and gift taxes and
also transacted other business, but
the one dominating sentiment Of the
convention was to extend the Federal
Reserve Bank act charter and do it
at the coming session Of Congress.
Bankers generally look with favor
on the new issue Of 100000 Of
sRthariEed s2AQa.ooe 81 preferred
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1925-01-15
BENNINGTON ENTERTAINs


The new school house in the town o.
Pennington, at the intersection o
Trunk Lines 20 and 70, was the scene
Of a veW successful social event Sat
urday evening, Jan. 10.
Home talent plays, songs, stunts b.
the men and women and drills by the
children provided pleasing entertain
ment for more than fifty patrons OF
the district besidc sleigh load o.
people from Sayner.
A fine lunch was served at mid
night, furnished by the ladies after
which everyone EXPIRE ssed their appre
citation to the teacher, John Wander
wort and others for such good time
It is planned to have these socia
gatherings every Saturday n ght and
the people of Pennington must be
given due credit for Their good fellow
ship in this noble work
oh! that we might have more of
these community affair5-event that
will bring the people of a ne ghbor-
hood. together and thereby renew old
and foster new friendships. May the
good work began in Farmingson con
tinue and spread.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1925-01-15
MINOCQUA LIGHTED
BY E. K. CURRENT
EAGLE RIVER PLANT NOW FUR.
NISHING MlNOCQUA WITH
LIGHT AND POWER

Electric current from the Eagle
River power nj was turned on in
the village of Minocqla last Friday
-ollowing the completion of the power
inc which has been under con5truc
ton to that village for the past two
months. The cold weather aid bac
roads in December caused considera
bic delay in the original plans for c3r
meeting Minocqda with the Eagle
River plant and had the condition
been favorable the line would have
been finished before Christmas. APP
proximately, the same number of pee
pie are furnished with light and pov
er as Eagle River and will mean
that Manager Eckhoff and his assis
tants will be kept busy in looking
after the now large territory served
by the local municipal plant.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1925-01-15
MARRIED JANUARY 9TH


A letter to the Review last week
from Iron Mountain, Mich, announced
the marriage on Tuesday, Jan. 9Th at
Escanaba, of Miss Rose Conger, of
that city to James Hayden of Iron
Mountain The groom is the son of
Mr.. and Mrs. M. Hayden of Eagle
River and has spent most of his life
here until the past year or two since
has been an employee of the Ford
PLAN at Iron Mountain. The happy
couple began housekeeping at once in
home recently built by the groom
and where all of his Eagle River
friends hope their lives may he happy
and prosperous.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1925-01-15
NEW LIGHT AND WATER SYSTEM

The high school at Phelps is now
fully electrically equipped having re-
Gently completed the installation of
new light and water system, including
motors to operate. the ventilation fans
and other power driven apparatus.
The new outfit replaces the one
placed in the school when it was
built but which did not prove to give
satisfactory results and was furnished
and installed by the gstad-Meyer
company Of Appleton. Their represen
tative in this, territory, T. E. Spei-
gel, states that he is finding an excel
lent field for his firms product among
the resort and summer home owners
of Villas county and in fact wherever
new buildings are being built in which
light and water conveniences are nee
essary.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1925-01-15
Eagle Hi COPIED From
Marion 20 to II Here
LOCALS SHOW UP IN GOOD FORM
AGAINST MARION LAST
FRIDAY NIGHT

Playing basketball that would win
against any team in their class Eagle
High slowed away another victory on
the right side of the ledger when they
defeated Marion High 20 to IL here
last Friday night.
1.-THE two teams entered the court
about as evenly matched as any team
could be, with Marion showing worlds
If speed in their preliminary warming
Up enough to make a close observer
wonder a bit about the outcome.
From the first whistle the two
.eams got into real action, both realiz-
-ng that they were fighting worthy
opponents. Hi Feary, for Eagle, made
The only basket of the period, leaving
The score Marion 0, Eagle 2, at the
4ntermission.
In the second period Marion found
the ring twice, WEIGH and Dapin
each caging one. Feary speared
another and Giese got a free one.
Score for this period, Marion 4, Eagle
5.
Between halves the coaches must
have changed the plan of battle, each
team coming back on the floor with
new tactics and burst of speed that
was dazzling. With Rogers, Eagle cen
ter, getting the jump on his opponent
the locals plays worked nicely, Bent,
Giese, Rogers and Feary each making
a basket that totaled 5 more points
for Eagle High. WEIGH, Marion guard,
got two pretty short ones, and his
twin brother at center got free
throw making Marion's total for the
period more points
This put Eagle on the long end of
a 13 to score at the opening of the
final period Things began to hum
when that started. Two baskets by
Marion would have tied the score, but
Eagles plays were going through and
after some pretty floor work and fine
passing by the locals, Bent, the dimi
nutive forward, Topped in couple of
short ones. Giese hooked a free throw
md Feary did it twice, bringing
Eagles final score up to 20. The best
Marion could roll up was three more
points, two on Elandt's basket and
me on Welch's throw, making their
total H.
MI, a <4...1..o xxx0, q q fo1Iowyc.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1925-01-15
FIRST NATIONAL ELECTS


At the annual stockholders meeting
of the First National Bank on Tues
day evening the following were re
elected as officers and directors.
President e. w Ellis
Vice President-A. H. STANCE
CashierM. ]. Cypress
Asst. Cashier Thos. Macquaker
Directors Frank A. Hall, Fred
Morey, N. M. Emmons, Alex Higgins
e. w. Ellis, A. H. STANCE, G. F. San
born.
The directors chosen for the examin
ing committee on loans were Fred
Morey, Frank Hall and N. M. En-
mons.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1925-01-15
Judge Reid Presiding
At January Term Court.
CALENDAR NOT LARGE ONE THIS
TERM-FEW JURY CASES
WERE DISPOSED OF

.Pf2 UZZL uitdMtlP6 ron: N Rseeao
The January term of Circuit Court
began its session Monday afternoon
and will probably be finished today
Thursday as the calendar was not
large one and many of the cases
listed were for various reasons laid
over or continued.
At noon Wednesday the following
cases had been disposed of as noted:
State of Wisconsin VS.. Bob Adams,
Larceny, Over
State of Wisconsin VS.. j. S. Sven
son and S. NJ Minor, Criminal Fraud.
Over.
State of Wisconsin VS.. Luella Mat
thews, Violation Liquor Laws. Over.
State of Wisconsin VS.. Gust Wangen
Violation Liquor Laws. Over.
State Of Wisconsin VS.. A. Freund
Violation Liquor Laws. Over.
State of Wisconsin VS.. Hjelmar Sih-
VIOLA, Felonious Burning. Over.
State of Wisconsin VS.. Edward
Korth, Rape, Over.
State of Wisconsin, VS.. Bert Hodgis
Violation Liquor Laws. Nolled.
State of Wisconsin VS.. Chas S. Kuhn
Felonious Assault Over
State of Wisconsin, VS. T. ". Mat
thews, Violation Liquor Laws. Over.
State of Wisconsin VS.. Walker
Coomer, Felonious Assault. Plead Gull
ty and received sentence of year
at Green Bay Reformatory. i
State of Wisconsin, VS.. Roger Viii,
son, Adultery and Statutory Rape. Ac
quittal by jury.
Erwin w. Exely, VS.. Fred Morey,
Damages. Dismissed.
Wayne Weaver, VS.. Dryz Silver Fox
Ranch Inc. Breach of Contract for
trial.
U. s. Grant Edwards, VS.. G. H. Dryz
Conversion. Over.
Samuel M. zangwill vs. G. r. Dryz
Damages. For trial.
Fred Galligan, VS.. Judson Galligan
and wife. Appeal from Municipal
Court. For trial
Greenbaum & Sons Bank & Trust
Co. VS.. Fred w. Curtiss. Dismissed
E. R. Frizzell, VS.. Augusta Whitaker
and John F. Nichols. Oyer cases
Over
Frizzell-DeGarmo Inv. Co. VS.. Angus
ia N. Whitaker and John F. Nichols
2 cases. Over.
Standard Oil Co. VS.. Walter H. Bent
ct al. Demurrer Sustained
James Amour vs. Annie Amour. Di.
vorce Granted.
Sophia Patterson Martin VS.. Louis
Matin. Judgment of Divorce Granted
Anna Sheboygan VS.. John Sheboy
gan. Divorce. Over.
The usual number of foreclosure
actions were heard and Judgments for
plaintiffs granted.
Several new citizens were made as
the result of their successfully passing
the test required from citizenship ap-
plicants.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1925-01-15
WHO STARTED IT9

Illustrative of the way that falls
and unfounded rumors often get abou.
was shown Monday when shortly be
fore noon, the death Of Mike Alberts
who went to hospital at Wausa
last week to undergo minor opera
ton, was reported. His many friend
are pleased to learn that the repor
was entirely unfounded and that
is reported as doing nicely and e
pecting to return home in few days
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1925-01-15
New Hotel Project Taking Definite
Shape In Plans Now Being Considered
PROPOSED PLAN OUTLINED AT
MEETING MONDAY HAS MUCH
OF MERIT FOR SUCCESS

A number of Eagle River business
men attended a meeting held at the
First National Bank, Monday evening
to listen to and discuss proposition
under consideration by Alfred Knau-
er, owner and proprietor of the Hotel
Commercial, to build new hotel on
the property owned by him.
His plan is to build solid brick,
three story hotel Building so by 80
feet in size and would consi of full
size basement with steam heat
throughout the building and the
ground floor devoted to office and lob
by, dining room and kitchen purposes
The second and third floors would con
Jain sixteen rooms on each floor with
running water in each room and sew
eral rooms with bath connections.
The total amount of the investment
including furnishings would be from
SOS, 100000 to $7O,OOO.0O of which Mr.
Knauer will furnish about one third
and wishes the balance to be subscrib
ed if possible by local people, in the
.orm of interest bearing bonds, con-
tituting first Len upon the whole
property, and to become payable annu-
lily for certain number of years af-
ep three years have elapsed.
A committee was appointed Of Mr..
Xnauer, M. J. Cypress and Einar jain
en- to be visiting committee to per-
onally place the proposal before
veryone in Eagle River and solicit
heir aid and support to enable work
commence as soon as possible in
he spring with the intention Of having
he building ready for use by June
5th.
There is no question Of the ability
# Eagle River citizens to furnish the
lece5 sary capital asked Of them, if
hey will, and it is to be most sincere
hoped that they will recognize
hat the opportunity to secure new
hotel of the type long needed is here
and only awaits favorable decision
from them
ing Of Monday night, that il was the
first time in three years that the sub
ject of new hotel had been definitely
brought before the people, and that if
the pre- cent opportunity should be
10 that perhaps another three years
would elapse before it came up for
consideration again. In the meantime
Eagle River has lost great deal of
profitable trade, and will continue to
ose it until it becomes known as
town with at least one good hotel
Were patrons can be assured Of warm
md comfortable rooms especially dur
ng the cold weather season
1t should be borne in mind that no
me is asked to contribute anything to
he project although we believe that
considerable sum could be raised by
hat method among people who would
lot be in a position to buy bonds Sc
cured amply by the property itself
and the fact that the owner and man
ager of the property would be by FAR
the heaviest investor in the project
ought to be evidence that the invest
ment could hardly help being pay
ing one.
The Review will certainly be glad
to hear that the committee meets with
success and that people show thei
faith in their town to the extent that
by April l, new hotel will be under
construction.