davidaulloa/AmericanStories huggingface dataset:
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
PARK CENTER

Mr.. and Mrs. T. b. Thomson and
Vera, Mr.. Olson, and Chas. Kunz were
callers at the Ted Rudd home Sunday
afternoon.
Mr.. and Mrs. Ted Rudd and sons,
Mr.. and Mrs. II. b. Thomson and Vera
and Mrs. Olson were callers at the o.
T. Rudd home Sunday afternoon.
Siegfred Olson was a Sunday after
noon caller at the Louis Livers home.
Mrs. John Zebrasky, Mrs. Frank
Martinez, Jr., and Bernice Zebrasky
were callers at the Otto Martinez
home Sunday afternoon.
Charley Porkorney was a Monday
evening caller at the T. B. Thomson
home.
John Sway was caller at the
Swan MatSOn and T. B. Thomson
homes Sunday evening.
The Misses Goldie Sway. Bernice
Zebrasky, Sonia Nelson, and Envy Mel
son were Sunday evening callers at
the Frank Martinez. ST., home.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
BREMEN TOWNSHIP

A large gathering Of friends met
at the home of James Mecl and cele-
brated farewell party in honor of
Harold Witteman, who is leaving for
his home in Milwaukee, where he has
secured employment. Harold spent the
winter with the Mecl family and while
here made host of friends, who
wish him success in his new position.
The evening was spent in dancing and
playing cards. Supper was also
served
John Gerard, formerly of this COM
munity and now residing in West AL
lis, Wis, is visiting with his brother,
Louis Gerard.
Miss Mary Uhlir left Saturday for
the cities, where she will seek en-
plOyment.
party was given at the home
of Mr.. and Mrs. Philip Brandle in
honor of Viola Brandle, who cele-
brated her 18th birthday Friday, April
%. large crowd was present and
the evening was spent in playing
cards. Supper was served.
Mr.. and Mrs. Albert Hranicka OF
New Richmond, Wis, and Mr.. and
Mrs. John Hranicka of Finlayson
spent the weekend with Mr.. and Mrs
Joseph Brabec.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
MARKVILLE

Earl Steinbring and little son Of
North Branch, spent Monday with Mr..
and Mrs. H. l.. Steinbring.
Mr.. and Mrs. Henry HOlmstrom
made a business trip to River Falls,
Wis.,, Tuesday.
Henry Hanson of Luck, Wis, spent
last week at the Rutherford home.
Mr.. and Mrs. H. L. Steinbring drove
to Superior Last Thursday.
Miss Elite Cronen returned to Min
neapOlis Saturday to resume her work
there.
Miss Elnora Burke of Clarkfield, re-
turned to Markville Sunday.
Miss Halverson of Milaca, also re-
turned the same day. School opened
Monday.
Andrew Olson returned to the Uni
versity hospital for further treatment.
Mrs. Art Williams of Duluth, is
visiting her parents, Mr.. and Mrs.
William Howard.
Paul Babcock is on the sick list
e. j. Steinbring, substitute carrier, is
delivering the mail for few days.
Mr.. and Mrs. Boyd Fleming spent
Saturday evening in Sandstone.
Evan Norman is assisting Gill Mart
inSOn, game and fire warden.
John Brow had his teeth extracted
last week at Superior
Miss Alice Simonson is reported
very low at this writing.
Mrs. Ed Thompson of Superior, is
visiting her parents, Mr. and Mrs.
Henry Brow.
Mr.. and Mrs. Alfred HARRISON and
children of Cloverton, spent Sunday
with Mrs. Rutherford.
Markville won the ball game versus
Riverside Sunday afternoon on the
home diamond.
Mr.. and Mrs. Art Lund, Edward and
| Gladys, and Mrs. Z. T. Cooper spent
Friday evening at the Amanda Carl
son home.
Zion Lutheran Ladies' Aid will meet
with Mrs. Augusta Berg Thursday,
May II. Everybody is welcome.
There will be a communion service
at the Lutheran church Sunday, May
Is.
The Misses Burke and Halverson
were supper guests at the Art Lund
home Sunday night
Mrs. Herman BabcOck and Donald
Babcock drove to Eau Claire Satur-
day. Mrs. Babcock remained for a
few days with relatives
Mrs. Art Lund, Mrs. E T. Cooper,
Mrs. Henry Brow, and Mrs. Eric Pier
son drove to Webster Tuesday.
The PIT. A will hold list last meet
| ting of the season Tuesday evening,
May 10. The election of officers will
be held at this meeting. A program
will also be held.
The community club will hold its
regular meeting May 6, at p. M
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
MUNICH

The Noreen and Bloom families
were Sunday afternoon and supper
guests at the c. Holland home, it be-
ing Dolores Hollands first birthday
Joe Jannsen spent Sunday at the
Townsends home, helping Jimmy re-
pair his Ford.
Leon johnson is confined to his bed
with the flu.
Everyone had a good time at the
party in the hall Saturday evening.
The Sunshine Aid will meet with
Mrs. e. A. Scofield Thursday after
noon, May 5. There will be election
of officers and all members are urged
to attend.
Mrs. Smith and Marshall visited at
the E. A. Scofield home Sunday eve
ming.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
SOLANA

The Luther League will hold its
first meeting of this year at 2 p. m.
Sunday, May 8. at the M. X. Granaas
home. All are welcome to attend.
Joe Sandcamp accompanied by Mr..
Hammargren of the Minnesota Rural
Credit Bureau, made several calls in
this vicinity Friday.
The Rev. A. o. Rem of Holden,
called at the M. X. Granaas home
Monday forenoon. Mr. and Mrs. Holt
en- and sons, Hartwick and James,
and Mrs. Ronhovde were Sunday cal
lerS.
The Krause family visited at the
Herb Goettelman home Sunday after
noon.
Several attended the Nils Christ
hanson sale Monday afternoon in spite
of bad weather.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
ARTHYDE

Work was commenced Wednesday
of last week on new baseball dia-
mOnd, west of the school house.
Mrs. Annie Thomson visited at the
H. S. Wood home Wednesday after
noon of Last week.
Mrs. ]. G. Emmer called at John
Mullins last Thursday morning.
August Nortrup and Della, and Mrs.
r. Speed spent last Thursday in Ait
kin, the former to get the assessors
books.
Jake Wibel of SOlana, called at
Ed Petees last Thursday.
Mrs. Burton visited Mrs. Ova Fri
day afternoon.
j. G. Emmer spent Friday and Sat
urday in Minneapolis.
Harvey Nortrup and Mrs. A. Mort
rup spent the weekend in Duluth.
They were accompanied by the Mis-
ses Elsie Nortrup and Perle Hansen
of Balm.
Mr.. and Mrs. Ova and sons visited
at D. M. Olson's Sunday afternoon.
Mr.. and Mrs. Tom Adams and fam
lily spent Sunday afternoon at Walter
RasmuSSen'S.
The opening of the Fair store in
Willow River was well attended by
people from this community.
Miss Ethel Erickson returned Sat-
urday after a three weeks vacation.
School opened Monday.
Clyde Hutchins was a Denham cal
Ter Friday.
Mr.. and Mrs. Alfred Johnson and
family visited at the Olson home Sat
urday afternoon.
Mr. and Mrs. Raines visited at
John Mullins Sunday afternoon.
Earl Richardson has left for Min
neapOlis, for a few weeks.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
BIRCH CREEK TOWNSHIP

The All Club will hold it's annual
meeting at the West school house
Wednesday evening, May 4. Ladies
please bring lunch.
Mr.. and Mrs. John Peterson, and
Joan, Alfred and Clarence Christen-
sen, and Florence johnson visited at
X. P. Christensens Sunday afternoon.
Don't forget the play, Beads on a
String to be given at the West school
house Saturday night, April 30. Free
lunch will be served after the play.
Mr.. and Mrs. Harold Selleg, Mrs.
Liljedahl, George Klinski, and Flor
ence Johnson visited at Carl Peter
sons in Denham Saturday evening.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
WINDEMERE TOWNSHIP
Ernest Nyberg was Sunday Gale

Ernest Nyberg was Sunday caller
at the Albert Anderson home.
Mrs. John Forsberg and girls spent
Sunday afternoon at the Nyberg home.
Alfred and Harold Overland and
Kenneth Nystrom visited at the
Brandt home Sunday.
Nellie Benson was a weekend guest
at the Pulling home.
Mr.. and Mrs! Tracy Street, Brisben
Street, Anna MOssberg and girls, Nell
lie Benson and Kathryn Wolf spent
Friday evening at the Storm home.
Arthur Carlson spent the weekend
in the Twin Cities.
Mrs. c. S. Pulling spent several
days of last week in st. Paul.
Ben Street and Peter Trachmer
were Saturday evening callers at the
Pulling home.
Mr.. and Mrs. Bill Storm spent last
Thursday evening at Anna MOssberg's.
Mrs. John Forsberg and Dorothy
called on Tillie Olson Friday.
Mrs. Anna Mossberg spent Friday
afternoon at Arthur Mossberg's.
A group of neighbors surprised Mrs.
Forsberg at her home Tuesday eve
ming, the occasion being her birthday.
Mr.. and Mrs. Bill Storm and Patsy
motored to Duluth Saturday. They
returned on Sunday with Mr.. Storm
and Herman.
Kathryn Wolf was a Thursday eve
ming dinner guest at the AgurkiS
home.
Church Notes.
There will be services in the Win
demere NJ. E. church Sunday morning
at IL o'clock All are welcome!
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
DANFORTH TOWNSHIP

Young Peoples meeting will be held
at the Gust SOderquist home at Sand
Creek Saturday evening.
Mr. and Mrs. Leonard White and
daughter of Minneapolis, and two
friends visited over Sunday at the
NJ |. White home.
Several from here attended the
Grace sale near Markville Saturday
Edner Erickson of Duluth, came
last week and is staying a few days
with his two brothers, Emil and Ed
ward.
Mr.. and Mrs Ed Olson of Duluth,
arrived at the Andrew Olson home
and spent the weekend with them.
Amman Holmes of st. Paul, is stay
ing an indefinite time at the Peter
home. Armon and Willie Peter visi-
ted school Friday.
Miss Myrtle Johnson of Minneapo-
lis, visited over the weekend at her
parental home.
Miss Annie Peter returned to Min
neapOlis Sunday, after spending sew
eral weeks at home, resting up after
her operation.
Miss Clara Wahlberg and Shirley
Moore and several of Ruth Friesen-
dahIs little friends spent last Thurs
day evening at the Friesendahl home
in honor of Ruths eighth birthday.
The Burger family, who have been
living in Chicago the past few years,
have moved their household goods
and are again living on their farm
here. The community always welcome
old friends back again.
Mr.. and Mrs. Gabriel of Duluth,
visited at the G. E. Hendricks home
Monday.
Mr. and Mrs. Marcus COLLATION. of
Faribault, visited at the w. H. Cola
ton home last Thursday and Friday
L. G. Nayes, who had been staying
at the COLLATION. home all winter, is
staying with VIM. Swanson for a
time.
Joe Peters hauled hay for VIM
Swanson from NJ. l. Whites Monday.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
DENHAM

Mrs. Carl johnson visited with Mrs.
L. J. Larson last Thursday afternoon.
Mrs. Anna Anderson and children
were Denham visitors Sunday.
Mrs. Rye called on Mrs. Carlson
Saturday afternoon.
Mrs. Chas. Upgren and Mae were
Friday evening callers at the Swan
Olson home.
Mrs. John Kroon, who has been
visiting in ST. Paul, returned home
last Thursday. She was accompanied
by her granddaughter, Lila.
Mrs. Leaf and Mrs. Upgren called
on Mrs. Emma Anderson Sunday aft
ernoOn.
Mr.. and Mrs. M. E. Upgren and
Gloria Mae were Sunday visitors at
the Wallin and Upgren homes.
Mr. and Mrs. Trygve Johnson and
Bettylou, and Hazel Johnson of Clio
quet, and Mrs. John krOon, Doris and
Lila visited at the o. w. johnson
home Sunday.
Mrs. Tony Suk and Genevieve Mix
rot motored to Duluth Monday after
noon.
Mrs. Rye visited at the p. r. Over
ON home Sunday.
Mr.. and Mrs. John Hagen visited
at the Dick Rye home Saturday eve
ming.
Mr.. and Mrs. AXel Swanson and
children. and Miss Nancy Rundquist
of Minneapolis. were weekend guests
AT the Rundquist home.
Grace Hillbrand and Helen Ander-
son visited with Dorothy and Marga-
ret Anderson Sunday afternoon.
Mrs. Marinus Anderson, Mrs. Elmer
Erickson. Mrs. Godfrey Erickson, Miss
Mary Johnson, Mrs. Nordgren ana
Katherine helped Agnes Danelson
celebrate her seventh birthday Sun
day afternoon.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
Blomskog Neighborhood

The Blomskog Luther League will
meet Friday evening, April 9th. A
program will be given. Lunch will
be served after the program. All are
invited.
Miss Mabel Larson and brother,
Kenneth, of Duluth, made a business
trip to Onamia Saturday. Kenneth
returned to Duluth Sunday.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28

Now | want to put a little scien-
tific question to you, my son." said a
father to his boy. when the kettle
boils, what does the steam come out
of the spout for?" $50 that mother
can open your letters before you get
Them" the son replied.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
CHURCH NOTES

The Oak Hill Ladies Aid will be
entertained at the Carl Nordgren
home Thursday afternoon, May 5. EV-
erybody welcome.
There will be services at the Oak
Hill church Sunday forenoon, May l,
and English services at the Swede
Park church Sunday afternoon.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28

"Why are you such a pessimist?'
asked one citizen of another. Il think
it is because | endorsed a note for an
optimist who didn't pay it, was the
reply.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28

Government statistician says that
people are consuming fewer apples.
But more apple-sauce.-Sa Diego
Union
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
EV. LUTHERAN CHURCH NOTICES
Emanuel, Bruno.

Emanuel, Bruno.
Choir practice Thursday evenings
at s p. m.
Sunday school every Sunday at 10
a. m.
Luther League monthly meeting
Wednesday, May 4, at 8 p. m.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28

Emmanuel, NickerSOn.
Sunday school Sunday. May 1, at .
o'clock and services at 2:45 p. m.
CHARLES S. RYDELL, Pastor.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
VilStad.

Choir practice Tuesday evenings at
s p. m.
Sunday school Sunday at 1890 a. m.
Luther League meets at the church
next Sunday at p. m.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28

Save time, effort, and money by
using the American Want Ads.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
Oak Hill Lutheran.

Oak Hill Lutheran.
Sunday school at $3.50 a. m.
Morning worship in the Swedish
language at 1890 o'clock.
The Ladies' Aid will meet at the
home of Mr.. and Mrs. Carl Nordgren
Thursday, May 5, at p. IN.
j. A. BURMAN, Pastor.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
Swede Park Lutheran Church.

Sunday, May Sunday school at
1870 p. m. Divine worship in English
at 2:30 p. m.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-04-28
Oak Lake.

Oak Lake.
Ladies' Aid meets Friday, April 30
at p. m.
English services Sunday, May 1, at
1920 a. m.
Evening star., 1932-06-11
TRIO GET 5 YEARS
IN EXTORTION CASE
Sentencing of Lewis, Trevathan
and Ferguson Recalls Fight
With Detectives.

Harry B. Lewis, John w. Trevathan
and Leonard Ferguson, convicted Of
robbery and eXtortion in obtaining
$4,000 from James M Slusher, s25-a-
week chain store employe, were SEN
fenced to five years in the penitentiary
yesterday by District Supreme Court
Justice F. D. Let's.
Lewis and Trevathan, the latter CIV
ing his name as 'Mahoney," were cap
tured last February II after a battle
with Detective Sergts Thomas Nally
and Howard Ogle. The detectives trap
ped the pair in Slusher'S rooming house
at 3l3 Eleventh street southwest when
they arrived to keep an appointment
with Slusher.
During the battle Nally was kicked
by one of the men and his gun was
knocked from his hand Ferguson was
arrested following an investigation of
the activities of Lewis and Travathan,
For l8 months. Slusher told police
ne had been paying the men an aver
age OF $127 month. They had moth
ing on me-" he declared, but thev
threatened to make it tough for me
During the 18-month period, Slusher
said. he gave the men all but S24O of
S2,7O0 ne had saved by living like a
hermit" throughout the six years he
had been on the chain store organiza-
tion's pay roll He saved the money.
ne said, by living on $40 a week.
Slusher gave police receipts from
Lewis and Travathan for amounts rang
ing from $50 to $500. The men were
trapped through the efforts of Slusher,s
landlord, George Royston, who seized
one OF their letters and turned it over
to police
Evening star., 1932-06-11
.B0NDSMEN''S BILL
AMONG MEASURES
GIVEN APPROVAL
Two Others Also FavorabIy
Reported by Senate Dis
trict Committee.
RAPID STRIDES MADE
TO CLEAN UP CALENDAR
Further Consideration to Be Given
to Proposed Drastic Penalties
in Gambling Cases.

The Senate District Committee made
rapid strides yesterday toward cleaning
up its calendar by ordering favorable re-
ports on three District bills.
One provides rigid regulation Of the
operations of professional bondsmen.
Another would permit the appointment
of three additional steam boiler inspec-
tors, and the third is designed to regu-
late the administration Of estates OF
incompetent veterans.
Hits Fee Splitting"
The bill relating to bondsmen would
impose a maximum penalty ranging
from $10O to 60 days Imprisonment, or
both, for fee splitting" among bonds
men, lawyers or policemen. 1t also
makes it unlawful for police to show
preference for any particular bonds
men, even at the urgent behest of pris-
oners.
Adoption of the bill was urged by
Former Police Court Judge Robert Har-
olson and Thomas E. Lodge of the Fed
Grafton Of Citizens Associations.
A bill drawn up by United States At
torney Leo A. Rover, prescribing dras-
tic penalties In gambling cases, was
referred to a subcommittee composed OF
Senators King of Utah and Carey OF
Wyoming for further consideration.
Objection to Jury Bill.
The committee also deferred report
on a bill designed to remedy defects
in the District jury system. Chief OBJ
lection to the measure Is a provision
authorizing salary Of $4,000 a year
for the chairman of the new jury COM
mission the bill would establish In
view Of existing economic conditions,
members of the committee indicated
they were opposed to establishing any
new positions
Adoption Of the bill was urged BY
Justice Jesse c. Adkins of the District
Supreme Court. Neil Burkinshaw, spe-
cial assistant TO the Attorney General:
John E. Laskey. former United States
attorney for the District; William H
Collins, assistant United States attor-
ney, and Vernon West. principal assist
ant corporation counsel of the District
Evening star., 1932-06-11
A. J. RILEY, RETIRED
MERCHANT, DIES
Lifelong Resident of Capital Was
in Business at Center Mar
ket Many Years.

Andrew J. Riley. rs, retired mer-
chant and lifelong resident Of this city,
died in George Washington University
Hospital yesterday after an illness Of
two weeks. He was merchant in
the old Center Market for many years.
Mr.. Riley, in point of membership
was one of the Oldest Masons in the
District. He belonged to Stansbury
Lodge. No "a, F. A. A. M, for about
so years, and was a member of Bright
wood Chapter. No. 9. r. A. M; Po-
tomac Commandery. No. S. x. T., and
Almas Temple of the Mystic Shrine.
He lived in the Northumberland Apart
ments, 2039 New Hampshire avenue.
He is survived by his widow. Mrs.
Annie NJ Riley; two sisters, Mrs. Amelia
Lewis and Mrs. Blanche Shoemaker: +:
three daughters. Mrs. Mamie Walker,
Mrs. Estelle Burroughs and Mrs. Lillian
Volkman. and two sons, Ivan j. Riley
and Andrew c. Riley, the latter of
New York Funeral services will be
held in Eldbrooke NJ. E. Church, Wis
consin avenue and River road, Monday.
at 2 pm. Rev. Walter M. Michael, the
pastor. will officiate. Burial will be in
the Eldbrooke Church Cemetery with
Masonic rites at the grave.
Evening star., 1932-06-11
FAIL TO FIND CLUES
TO FIVE WHO TOOK
$9,031 FROM BANK.
Victims of Bandits Unable
to Identity Them From
Police Files.
AUTOMOBILE TAG NUMBER
PROVES TO BE INCORRECT
Suspected New York Car Cleared
of Any Connection With
Hold-up Yesterday.

Police were without clues today in
their hunt for the five men who yester-
day held up the Georgia avenue branch
OF the Washington Mechanics Savings
Bank and escaped with $9,03l.
Efforts by the six bank employees
whom the robbers forced to lie on their
faces as they robbed the bank, to iden-
tlfy pictures OF known criminals brought
little results. There were several pic
lures, however, which the victims of
the hold-up found to resemble slightly
two CT three of the robbers. The iden-
tlhcatlon was so vague police did not
think 1t merited picking up the men
named.
Car Still Sought.
The license number of the car in
which the hold-up men escaped, which
was furnished to police by onlookers,
was found to be inaccurate last night,
Inspector Frank S. w. Burke said. The
car bearing the tags thought to have
been on the holdup car, he said, was
determined definitely to have been in
a Cumberland, Md, garage at the time
of the robbery. Police still think, how
ever, that the car used in the getaway
bore Maryland tags.
This morning lookout was broad
cast for New York car with six men
seen on F street, but an hour later the
machine was located and found to have
no connection with the hold-up, &C
cording to Capt. Bernard w. Thompson,
assistant chief of detectives.
Because of similarity Of tactics police
were inclined to the belief today that
the robbery may have been perpetrated
by the same gang which held up the
branch of the Washington Mechanics
Savings Bank at Ninth and East Capt.
tol streets January IS and escaped with
Slabs.
Two Patrons in Bank.
The robbery yesterday occurred when
q woman and her small daughter were
the only patrons in the bank. Five
armed and unmasked men entered by
the front door. AS they covered the
tellers with guns, three of them vaulted
the railing of the tellers cages and
herded the employees into back room
where they were made to lie on the
floor. On man stood guard over them,
another guarded the front door and
the three others rif1ed the tellers' tills.
The entire hold-up wa& completed in
less than five minut 5. The bandits
rushed from the bank and escaped in
their car. west on Otis place, turning
into New Hampshire avenue toward the
downtown section Of the city
A check-up of the cash on hand re-
vealed that the robbers overlooked ap-
proximately 100000, of which $4,000
was in change.
Evening star., 1932-06-11
.G0LD WITHDRAWAL
REPORTED URGED
Banks Indications to France
Coupled With Reserve Board
Data on Losses.

Following an announcement by the
Federal Reserve Board that the United
States has lost $685., 100000 worth OF
gold in May and June to date as q re-
suit Of shipments to France, official
circles in Washington today received re-
ports that New York bankers have in
dicated to the French government tina,
they wished France to withdraw the re-
mainder of her gold in this country
The report, which was given credence
by high officials, said the remaining
French short-term balances In this
country amounted to between $l00, ,000,.
900 and 100000. having dropped
from between se0O,Ooo,Ooo and $780,.
10000 year ago.
In the last year. France has with
drawn S5O4 .43o. 900 in gold, and in the
last six weeks $87.442, 900 went directly
to France. The figures did not include
earmarked gold
The heavy Withdrawals, 1t was pointed
out authoratively, were met by the
American banks without ripple" and
had little effect upon American business
and financial conditions due to action
of the Federal banking agencies in plac-
ing all gold necessary at the disposal
Of the Federal Reserve Banks.
In particular, the Glass-Steagall act
which permitted banks to use direct
Federal obligations in the place oi
eligible paper or gold to guarantee cur
rency above the 40 per cent gold re-
quirement, was used by the Federal
Reserve system to maintain gold reserves
at the necessary margin. releasing othel
gold to meet all requirements of the
banks.
The board, in its monthly statement
last night, said the total gold supply
of the Nation June 8 was $3.50, ,000, 900
Ofhcials have said that foreign nation.
could redraw all their credits and moi
noticeably affect the gold supply of the
Nation.