davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25
SALE OR EXCHANGE,

DEsI r.! F., B.; sE NJ
i aasms o5 ST city or suburban property
sl.ooo-sELL LIKE RENT. SHACK. Ia
sHma ., Dark I'M fae o.3s Sligo Creek large lot
2 BUNGALOWS: SMALL TRUSTS; , An!
city or suburbs Phone Met 1881. 25'
, s4o3 DENT PL. NV, Mr.. WESTERN H. s.
-s-rm. mod. dwlg.; value. $3.50: trust.
CSe b 5or Walsh aTs SIS 1 G5 st. w se' pst
MARFTISsBURGaa W; W; ! CoL ON !
years old very modern; sacrifice, $3.50,
| or will trade for home in Arlington Co.,
Va Phone Clarendon 272.
Wade IL On Eaaa ns Ia9s
meat o up 10 IS
| Call National 9257
REAL HOME OF MODERN. SPACIOUS DE-
fruit and iI nut at trees, sTapevines; n. b.
metal weatner-Strip2ed and screened; slate
roof; double garage; lot eoxl5o; one one trust;
1 corner lot; also Spanish cottage, Lake
Geneva. Fla, for paying equities. Bargains.
HOUSE AT MT. RAINIER. MD.-s ROOMS
BOX 2es-J. Star office.
BEAUTIFUL SHADED LOT FOR HOME Mr..
| Conn. this side Oh. Ch.. one or two lots:
part trade, part cash. Met. 1891.
8-RooM, MODERN BRICK, 1902 18th ST.
n. w.-Built-in garage one block schools;
one trust: accept part equity Of $4,000 in
lot acreage. stock Georgia 4l67-J. Write
e23 Kennedy st.
SPLENDID LARGE FARM AND BUSINESS
combined. close to wash, good buildgs. and
soil. well watered; house furnished; farm
attention: Or will lease for monthly rental
TO responsible parties. Address Box 276-J,
Star once.
| SMALL APARTMENT HOUSE. ALL RENTED.
fine condition; financed for three years.
Address Box All Star office
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

Splendidly Equipt TOO Acres
Owner and large family enjoyed good
living for 70 years here; convenient TO State
road villages and markets; 2o-cow pasture,
could have more: 4oxeo barn. Sox4o horse
barn, running water available. Only $4,000.
part cash. including horses. IL cows, )
heifers. calf. bull. hog. hens, turkey. all
hay estimated $50 bu. potatoes. beans, 100
bu; oats. vegetables. Is cords stoyevood: ma
chinery and tools: page 10. NEW FALL
CATALOG. many bargains. Free. STRoUT
AGENCY. 1872 N. Land Title Bldg.
PHILADELPHIA, Pa
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

WANT TO TRADE THE FOLLOWING FOR
something. preferably small properties. in or
near D. c.: 10 acres Md. University
farm. beautiful house and grounds. large
VINEYARD; 5oo-acre farm IS miles D. C.. line:
8O-acre farm near Philadelphia. stone house
and barn and other outbuildings; modern
California house. 4, lots. near Oakland: Ala
LILLE, 26e Carroll ST., Takoma Park. Ga.
5000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

AUCTION SALES.--FUTURE DAYS.
THOMAS l. CARTER. AUcTioNEER.
Auction Sale of Unredeemed
Pledges.
On THURSDAY MORNING. SEPTEMBER
TWENTY-NINTH. 1882. AT TEN O'CLOCK,
I viii commence to. sell at the establish
Alexandria. Va, all pledges upon which the
interest Is overdue up to this date. Ticket
holders kindly take notice
E. Heidenheimer, Inc, Brokers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25
SALE-FARMS.

own . home where you can raise the neces::
stiles Of life: no rent. no costly supplies; 70
acres good land; Easy drive e ths 2; G.
lotte Hall. St. Marys Co.. Nd.
ga ACRES ON MAIN PIKE m MONT0
Co--Nice 5-room house, cleo, dne water.
outbldgs.. si.75o. $3.50 cash. bal. easy.
KerSiHGtOn 36.M,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

The Women's Eastern Star Club of
the United States Treasury Department
was entertained by Mrs. Amelia r.
Marshall with Mrs. Enid X. Anthony.
Miss Marie p Barr. Miss Bertha K.
Garrett and Mrs. Grace L. Goddard as
sisting. The following officers were
elected: Mrs. India M. Green, presi-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25
MONEY TO LOAN.

WILL MAKE s.. 900 LOAN OR LESS ON ND.
or Va. improved property: loan to be repaid
monthly. Address BOX 30-S. Star ONCE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25
REBEKAH LODGES.

The Rebekah Anniversary Committee
0. F. Temple.
Mrs. Helen Fall presided at meet
ing Of Dorcas Rebekah Lodge and ap-
pointed Mrs. Oneita McCafferty as rep
resentetive on the Bicentennial Com
mittee, and Mrs. Hannah Stedehowder
as representative on the Rebskah An
niversary Committee
Naomi Rebekah Lodge met Monday
night. with Noble Grand Clara Steele
presiding Owing to the resignation Of
Mrs Alice S. Thomas, recording secre-
tary, Miss Emma T. Strobel was elected
and installed by Belle c. Thomson,
president of the Rebekah Assembly.
J Religious services will be held at I. q.
G. F.. Home. 1888 N street. today at 8
O'Clock By Naomi Rebekah Lodge
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

Harmony Lodge will confer the Mas
ter's degree September % on class
of three candidates, with Junior
Warden Arthur F. johnson in the East.
The Fellowcraft team. under the direc-
ton of Past Master George C. Ober, I'd.
will have charge Of and exemplify the
second section. Prior to the degree,
Carl H. Claudy. master. will make a
short address on some features of the
degree.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

La Fayette Lodge Chapter at its
meeting September 20, at the chapter
hall, Fourteenth and Kenyon streets,
will have as its guests the associate
matrons and patrons Of the District
Associate Matroh Gladys Thompson
and Associate Patron Aaron johnson
are arranging the program. The de-
grees were conferred on four candi-
dates at the last meeting.
The Ways and Means Committee
will have a chicken dinner at Almas
Temple, 1915 K street, from 4:45 to
Z pm. October 4.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

O-HUNDRED-ACRE FARM.
s7.5o0-S37.5 SO Per Acre.
Located in Montgomery County between
Olney and Gaithersburg. Has q right good
7-room house Land half cleared. half tim
Der You won't fnd q bigger bargain and
this must be taken soon. Few better i'm
proved and located farms At prices certain
to make you money II purchased now. De.
did those distant from good markets. There
Is now a profit in well run farms here.
See Mr.. johnson at
REALTY COMPANY.
1900 Georgia Ave. Silver Spring, Md.
Phone Shennerd 2AQ0
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

Warren @. Harding Chapter will cele-
brate its birthday September q at Ma
sonic Temple. This meeting will also
be the occasion Of the grand visitation
Of the grand Officers. The 1882 matrons
and patrons will be guests and a short
Bicentennial program has been ar
ranged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

WANTED-MONEY.
S. 900 AT So FROM PRIVATE PARTY.
secured By frst trust corner detached
brick house: also an additional corner lot;
total value, 81. 900. Address Box l7o-J,
FIRST DEED OF TRUST NOTE
Secured on downtown property not over
SIS 600 for 4olc less than value; sc. Ad
dress BOX 270-J. Star ONCE.
s., 900 FIRST TRUST NOTE ON NEW 5-RM
and bath bungalow in D. c.. for quick sale,
1880 Address Box 1871, star once. IS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

2ls ACRES, GROOM RESIDENCE. 3ex52
barn. all necessary outbuildinss. excellent
condition. dwelling newly painted; 100 acres
clay loan soil in cultivation: SPRINGS and
Sr soa shade 4o.ds ' sSS sec q. ns Ra:
saasss Bo. Tn sSs H ssss aS
COUNTRY HOMES AND REAL FARMS.
s375o-Attractive S-reom stone house. about
chard on main pike; stream. in
msnt: "a station and small store
ss.soo-fTh II best Value in poultry plant; as
s-room bungalow: electricity. bath.
inss. including insuS.tsf cellar:
ssal.%:ns e,'' :s:iI sssss
:s Kin :s:: So, *: .s .%:
.. ron md .ps,ns good road
acres some orehsr rd' and timber; $50 per
acre; Is acres. near Norbeck. 500
per acre: acres, near Glenmont
s S1n n a.on' stree. ps ser ss
on pike close , II, cheap
sss Carroll ST.. Takom af PAX. Ga. $500. {.
This is the distance that I have Travelled
in the past IL years. averagins - goo miles
feel qualined to sell YOU q tract Of land
that best suits your needs. No matter how
small or how large, If It's land you want
JOHN A. BRICKLEY.
Specializing Exclusively in Acreage. Estates,
Suite 7os-7,o Barr f slda. Dist. 7.,,
STATE Ro A6MEs4E2p. RIVER
$50 &C. at $50 per &C. Easy terms. Beau
tifuily wooded. high elevation. viev. half
arabic. lot good buildings; only Is miles
north D. c.: orchard. large spring. Address
Box 1881 Star once.
MONEY MAKING FARM.
Only 20 miles to Washington. 81 acres.
LACE; ) acres tobacco returned $500 IN
year: saw mill earned $73S: estimated 600
cords wood. 10 fruit trees. l. 900 bushels last
year; apples pears. p1uns. cherries. peaches.
2-story hou-e. loft. barn, poultry houses.
srist mill: tenant house. Ased owners low
price s. 800. half cash. II taken soon in
cludes saw mill, tractor. attachments.
binder John Sollars. STROUT AGENCY
White Plains Nd.
Splendidly Eouipt 100 Acres
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

Esther Chapter will have charge of
the religious services at the Masonic
and Eastern Star Home today.
The Auxiliary Home Board will meet
at the home Of Mrs. Eta Wilson Davis,
1874 Lamont street, September 80
at pm. The tentative date for the
final activity Of the Home Board,
card party, Is October Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25
KNIGHTS OF PYTHIAS.

At meeting Of the Bicentennial
Fraternal Day Parade Committee
Chairman Edgar c. Snyder reported II
companies Of the uniform rank Of the
Knights Of Pythias east Of the Ohio
will participate October ~ and more
than one ti,--'--nd members of Noun
tain City If Frederick, Md. A
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

visited Martha Chapter. A BASKET of
flowers and gold travelling clock were
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

AUTO LOANS.
AuTo BANKIRs CO.
e03 NEW YORK AVE. NV. MET. 1881.
MONEY PROCURED
Quickly and Conhdentialiy.
UNITED BROKERAGE Co.
81 n 7, Ave. tcor. 10TH. Dist. 1888.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

The school of instruction will be held
September 28 at z O'Clock at the Ma
sonic Temple.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

The Auxiliary Home Board of Joppa
Lodge Chapter will meet for luncheon
September % at l pm. at 1888 Four
teenth street, with Mrs. Mary Forwald.
Mrs. Clara Barnes and Mrs Ida
Hatcher as hosteSses.
The annual bazaar will be held Oc-
tober 5 and 8, with chicken dinner
October 6, from to Z pm, at 1909
Ninth street.
card party at the home of Mrs Bessie
G.. jackson, 6700 Sixth street, at ! 80
pm, September 80 She will be as
sisted by Mrs. Carrie E. l'rivett and
Mrs. Marie Brown. Reservations made
at Georgia 1869.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

Matron Phoebe r. Lightner Of Ca
thedral Chapter announces the pro-
gram following the meeting Wednesday
evening will be in the interest of the
endowment fund, with Past Matrou
Alice Taylor in charge.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

A get-together meeting Of East Gate
Chapter was held in East Gate Temple
September 16. A short musical program
was given. Richard Davis, violinist, &C
companied by Miss Efie Collamore, gave
two numbers and Elliott Button, bari
tone, accompanied by Miss winifred
McMinimy. sang. The Auxiliary Home
Board will give card party at 60 M
street northeast Monday evening.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25
WANTEu-L0TS,

WANTED-LOTs.
Cash PURcHAsEs FOR LOTS ~ AMFFA!-
Dat 18th st. NV. Dis. 1865.
WILL EXCHANGE GROUP OF MODERN
brick houses. all rented. in whole or part,
for clear lots suitable for immediate build
ing. Apply g. A. YOUNG. Woodward Build.
ing Ma. e733.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-09-25

ODD FELLOWS.
An official visa tation will be held by
Grand Master Thomas c. Mettler and
his officers to Federal City Lodge, in
l. o. o. F. Temple, October 7.
The annual session of the Sovereign
Grand Lodge was held in Denver, Colo,
last week. This jurisdiction was repre-
sented by Past Grand Master w. w.
MILAN, Past Grand Master Wilfred E.
Lawson, Grand Representative Guy F.
Glossbrenner, Past Grand Sire Ernest
w. Bradford and Past President Annie
E. Grigsby
The order will present on october
% at the new Mckinley High School
several plays in behalf Of George Wash
ington Bicentennial.
Brightwcod Lodge conferred its initi-
atory degree Wednesday evening on
Ralph F. Raymond. j. Douglas Lowe,
jr.. and Paul w. Byrnes.
Brightwood Lodge has extended an
invitation to Eastern Lodge to confer
the first degree october S.
Friendship Lodge conferred the
second and third degrees on John J.
Greer. jr, last Wednesday night.
The Waterbury Democrat., 1932-12-30
PSEUDO PRINCE
 ROMANOFF CAN'T LAND ANYWHERE
France Won't Let Him in and Germany Doesn't Have tO-May Become Perpetual Traveller

Paris, Dec 30-CUP) - Harry Gerguson, the self-stylcd Prince Romanoff' who Is in difficulties with tie United States immigration authorities, may become man without q country if lle is ordered so,ita of the United States. French authorities will not permit him to land in this country. They contend he was deported from France, where he claimed to be an Ameri- can citizen, and chose to return to the United States when deported. Therefore, 1t is argued, the re- sponsibility is now up to Ellis Isl- and authorities, since he succeeded iE getting back of American soA.
 French ships, it was understood, would refuse to accept the "prince" as return passenger unless 1t Is proved he reached the United States by a French vessel. If his statement that he arrived on the Europa Is proved, the German line may have to accept him as pas senger. although Germany will not have to let him land. Therefore the fantastic possibility arises of Ger guson's becoming perpetual At Iantic traveller.
The Waterbury Democrat., 1932-12-30
WATERTOWN

The Watertown Hunt club opened it's winter indoor Horse Show to-day. This is the fifth annual horse show to be heid here during the winter season. The show will be run under matinee and evening performance affair. The matinee starting at Z o'clock with the evening show at $ o'clock. Most of the prizes will be cash awards.
 The local flremcn will hold q New Years party in the lower hall of the community house. Each fireman vii! invite his wife or friend 10 attend Austins orchcs- tra will furnish the music for the dancing. It was decided that at q party of this type much more real fun can be had than making 1t an open to public affair. Those who are in charge are Frank Campbell. Stuart Atwood, Edward Ryan. Dains Barton, John Miller, William Walton and Michael Dunn.
 The local bowling league Is gen. erating all kinds of enthusiasm In bowling again this season at the local alleys Gerald Miller is in charge of the alleys and things seem to be going well. Last night the St Johns defeated the Water town Mfg out Of G. and total pin- fall.
 The annual meeting of the La- dies Benevolent society of the Congregational church will. meet next week January 4th at the home Of Mrs Charles Nattoon.
 New officers for the year will Dc elected at this meeting. A slate will be presented by the nominat- Ing committee Of Mrs F. N. Barton and Mrs Fletcher Judson.
 Mort Keilty was again the star of the Oakville Valley league team
The Waterbury Democrat., 1932-12-30
MOVES FORECLOSURE ACTIONS BY RECEIVER
LIFE SENTENCES FOR SIX NEGROES
 IN PROVIDENCE
They Were Convicted of Killing Arthur Daddy" Black, Negro Lottery King Sept "A

Providence. R. l.. Dec 30-OU. P.D--Six negroes were sent to state prison foi life to-day for staying Arthur Daddy" Black, negro lot iery racketee In an attempted bbery on the night of September 24.
 The sextet, believed the largest group ever given life terms at one time in the history of Rhode Is- land, were Fred Harris Bowe and Webster Barnwell. both of New York City, William Shepard of Providence. Weston Quals. Edward Sutton and Edward Gray, all of Newport.
 They were convicted by a super for court jury two months ago and the life sentences imposed by Judge Jeremiah F. O'Connell were mandatory.
 The six men stormed into Blacks quarters in an downtown business block late one Saturday. believing t..ey could secure the elderly rack eteer's weeks receipts. Black. how ever, had deposited the money in bank several hours earlier. He was shot fro..l several angles in the holdup attempt, and one or more of. his associates were wound ad
The Waterbury Democrat., 1932-12-30
SHE ROBBED SO
 CHILDREN COULD
 HAVE SOME JOY
Rent Unpaid, No Food and No Toys for Children Robbed Man Would Help Her

New York, Dec 30. (UP)-A mother driven desperate by fear of "anothcr Christmas like the last" according to her story, was heu to-day on charges of assault ant robbery as the bobbed haired bandit who held up a bakery shop and took $55. The accused woman, Mrs Alice Schribner, admitted the holdup, police said, "because didn't want my children to have another Christmas like the last"
 Mrs Schribner, an expectant mother, has two children of her own and one by her husbands former marriage. She said she was A years old, and came to this country 10 years ago from Holland. Her husband, Eben, to whom she was married five years ago. has beon unemployed for three months. The mother told police their rent had not been paid for two months and that only a few bites of food were in the home. She said the children had no toys and the fu- ture promised nothing, ''so 1 went out to rob somebody"
 Walter D. Ebinger, president of the baking company she held up, favored having Mrs Scribner re- leased after he heard her story, but police argued she should be held for appearance In court to- day, so they could check her story.
The Waterbury Democrat., 1932-12-30
CHAIN GANG MAN SEEKS DEATH IN
 PLACE OF WOMAN
Georgia Prisoner Would Die in Chair and Let South Carolina Woman GO Home

Atlanta. Ga. Dec 3O.- CDP) - Howard Curtis, facing life In tho chain gangs because he killed his sweetheart. refused to believe to- day that South Carolina would not permit him to die in it's electric chair in the place of Mrs Beatrice Ferguson Snipes. Mrs Snipes. an 'expectant mother. is scheduled 10 be executed for killing a police man.
 Sure, reckon they'll take me- he said, T reckon 1t ain't much diff ference who they kill just so they kill somebody. Now l ain't got mucn to live for since got sem tenced 10 the chain gang and this Mrs Snipes has q lot of kids. reckon ifs q good trade for both of us."
 Columbia. C. S., Dec 30.-- (UP)
 The letter of Howard Curtis. Georgia chain gang lifer. offering 10 die fin the place of Mrs Beatrice Snipes, had been received at the governors office. While Gov Ira c. Blackwood was out of the city, attaches said. "of course 1t is im- possible to take such an offer seriously"
The Waterbury Democrat., 1932-12-30
Police Arrest
 Two On Suspicion
Burns and Gaudiosi Picked Up While Representing
 Selves as Cigarette Statesmen

the technical charge of suspicion. The two accused having previous records aroused the suspicion Of the police in representing them- selves as salesmen and were seek ing orders for cigarettes. The au- thorities held the two pending queries concerning their employers or source of supplies. So many stores have been burglarized late Iy and cigarettes taken that there is q suspicion that the stolen mer- chandise might be on the market.
 Burns was recently arrested and held a prisoner at police head quarters for two weeks in connec- ton with the attempted highway robbery at Sulivan's drug store. William Robinson, 19. leader of the gang implicated was recently sentenced to serve from 20 to 25 years for his part in the affair. Two others are in the Litchfield county jail awaiting trial. Burns was released when the police failed to link him with the. attempt. He was arrested at that time as he went to visit Robinson who was shot and seriously wounded by Daniel c. Sullivan, his intended victim.
The Waterbury Democrat., 1932-12-30
AMERICAN BANKERS ASSN
 SEES BETTER BOND OUTLOOK
Background For Better Market Erected By Govern
 ment and Federal Reserve Effort.

New York, Dec 30-The year end condition of the bond market is described by the American Bank CTS association Journal as follows:
 'The bond market closed the year on more hopeful note than the one is sounded as the year be- gan. There were several develop ments in 1892 that were highly suspicious. Tn the first place, the background for a better market has been erected by Governmental and Federal Reserve effort. As last year began, the indebtedness of the banks was large, they were encountering runs, hoarding was substantial and n-Government bond assets could be turned into cash only in q market disorganized in the extreme. Foreign balances were leaving the country in the form of gold as fast as cargo space was available
 "To combat this situation two important measures were ipstitut- ed, one by the government and the other by the Federal Reserve. Congress. for its part. established the Reconstruction Finance Cor poration in order that the abnormal strain being imposed on the bank ing system might be relieved. Loans were made to banks 50 that q
The Waterbury Democrat., 1932-12-30
Rev J. E. Gregg
 for President
The Italian Congregational Church Annual Meeting
 Last Night fs

At a meeting of the Italian Con gregational church last night, Rev Dr James F. Gregg of the First Congregational church was re- elected president.
 The result of the other elections follows: Clerk. Domenico Sacco; treasurer. Pasquale Perillo: treas- urer of benevolencc, Mrs Luigina Del Conte; Sunday school supcrin- tendent. Rev Pasquale Codella; president of principal womcn's so- ciety. Mrs Sadie Petti: church workers, Mrs Maria Stella Sacco and John Leone: president of high school club, Mary Gentle: presi- dent of young peoples club, Ed monde Del Conte: deacons. Pictro Dello Russo. Domenico Sacco, Lor- enZo Gugliotti and Scbastiano Gen. tile.
 The children of the church will present their annual Christmas program Sunday afternoon at 3:30 o'clock. There will be addresses by the pastor. Rev Pasquale CodeI- la, Rev Dr Sherrod Soule, Rev Dr James F. Gregg, Rev Conner R. Lewis. Rev Moreton Owen, Rev Edward NJ. Condlt and Rev Moses IL. Lowell. The following children will take part on the program: Michael Annunziata. Cosmo Com unale, Luigi Tartaslia, Orlando De- Rosa. Angelo Grasso, Frank Pugll- csc, Tercsima Damiani. Tony D!- Masso, Enio Rotondo, Anna An nunZiata. Carmcla Lattanzio. Ro- sina Alblno, Carmela Tragoncttf, Maddalena Grasso, Josephine Tar tagIia. Anna Lattanzio. Libera Grasso, Tercsina DAvino, Laura Sparano. Mario Sparano, Vincent DeRosa, Frank Cucciardi, John Lattanzio. Walter Mordenti, John .DiIorio. Leonardo Insogna, Joseph Montagana. Sammy Damiani. Pat sy Petit. Edmondo Del Conte, Ar mold Cicchetti, Mario Del Conte. Anselmo Sacco. John Leone. Ugo Sparano, concettina Gentle. Ella Sparano. Mary Gentle. Edith Sac co. E,leonora Sparano, Elizabetb Grasso.
The Waterbury Democrat., 1932-12-30

frightened public's demand for cur rency could be accommodated, and in this way the dumping of bonds by the banks was made unneces- sary. Employing rather than hoarding its reserves, the Federal Reserve bought government secur- tiles in amounts never before equailed by any central hank in order that banks might be able to repay their borrowings and in order that loans from even Recon struction Finance might be less necessary.
 "Then, finally. certain leading banks themselves lent valuable hand, In early June. by forming the American Securities Investing Cor poration. which supplied bids for more than $20.000,000 market value of bonds, thereby contribdt- ing toward the stabilization of the market.
 "The breaking up of the cur rency hosrdIng movement, the large inflow of gold, the enormous over-supply of bank reserves, and the existence of Reconstruction Finance constitute the principal reasons for the belief that the bond market enters 1883 in a. .sounder condition than when dealings be- gan in 1892"