davidaulloa/AmericanStories huggingface dataset:
The Bismarck tribune., 1937-11-23
1887 Deficit Already
Over FDR's Estimate

Washington, Nov. 23.--(RD-Figures
on the red side of the governments S
ledger for this fiscal year were bigger
last weekend than President Roose-
velt's deficit estimate for the whole
twelve months.
The treasury's daily statement for
Nov. 20, issued Tuesday, showed q
net deficit for the 1888 fiscal period Of
$700,945,979, with more than seven
months still to 80. The president
predicted the excess of spending over
income would be $685., "a, 600 for the
year.
The Bismarck tribune., 1937-11-23

Thanksgiving Flowers al-
ways bring happiness to those
you remember. Send Wills
Flowers. Flowsrphone 704. SIS
Third st. Open until noon
Thanksgiving Day.
The Bismarck tribune., 1937-11-23
Church Societies
First Lutheran Aid


The Ladies Aid of the First Luth-
eranch church is planning to give
away q Thanksgiving basket to 4
needy family In the city. Anyone
wishing to donate to this basket ID
asked to leave the donation at the
First Lutheran parsonage, 804 Seventh
st.
The Bismarck tribune., 1937-11-23
Marriage, May 5, 1887
Announced at Party

Formal announcement has been
made OF the marriage Of Miss Mar
garet Scnloemer, Bismarck, and Wen
|del Marvin, Mandan, which occurred
May 5, 1887, In Dickinson,
Announcement Of the event wa
made as the bridegroom,s mother and
SISTER, Mines. w. p. Marvin ana Ches.
ter 6imons, entertained at / party
Sunday evening In the Marvin home.
During the evening bunco fur
nished diversion for the Is guests with
honors going to Miss Alice Stmons and
Miss Gorothy Graegor, Bismarck. Mr..
and Mrs. Marvin were presented With
\ number Of RiftS.
The Bismarck tribune., 1937-11-23
Fargo Sister Named
To Examining Board

Sister Olive Of Fargo was named Z
member Of the North Dakota nurse
examining hoard Tussday ~ Gov.
william IAneer, the term extending
tU July !, 1919. He also appointed L.
A. Day Of Minot IN honorary colonel
on the governors staff.
The Bismarck tribune., 1937-11-23

Let Life be Lovely. Whether
you can be there or not, send
Wills Flowers for the Thanke-
giving table i. And be sure to
remember the hostess with q
corsage for herself. Flower.
phone 7S4. Open till noon
Thanksgiving Day.
The Bismarck tribune., 1937-11-23
q SOCIETYm& CUBS
Clinic Girls Honor
Miss Esther Erickson

Another party complimsnting lGis.
Esther Erickson, bride-elect, wai
given Monday evening - girls Of the
Quain and Ramstad clinic entertained
at q $50 O'Clock dinner in the Rem
dezvotls.
Covers were placed for 10 guests.
Wedding bells were the featured ap-
pointment note. A group Of white
wedding bells adorned with stream
crs Of lilies-of- the valley centered the
table, which was lighted BY green
tapers In white wedding bells as
holders. The same note was carried
out In the place cards, which were
ted with green.
A corsage of white pomp0ns marked
the place Of the honored guest. She
also was presented with 4 rift from
the group. Following dinner the eve
l':ng was spent Informally with
bridge.
Evening star., 1937-11-28

Brondnew for :hs special event. Boby girl and boby boy
sets Of cotonbock fleece and cotton suede CLOTH Princess
bo>y coots warmly lined for winter Legeings and
hat to notch, in Posei shades, copen red and London
tan. Sizes to 3. ToddIer boys girls. J
r.lanx
The Daily Alaska empire., 1937-06-16
Notice to
 Mariners

The following aids 10 navigation in Alaskan waters are temporarily out of commission but are to be re- stored according to Superintendent of lighthouses, w. c. Dibrell:
 Portland Canal-Chff Point Light -eported extinguished June '.
 Sumner Strait-Keku Strait Bea- con GA reported missing March 2.
 Icy Strait North Inian Pass 'Lieht reported extinguished June 6.
 Tlevak Strait-Rose Inlet Light reported extinguished June 12.
 Seacoast-Cape St. Elias Lighted Whistle Buoy reported extinguish- sd March 14; Egg Islands Light re- ported extinguished May 31.
 Prince William Sound - Middle Rock Light reported extinguished April 23; Smith Island Lighted Bell Buoy l reported extinguished April IT; Lone Tree Point Light reported eXtinguished May g.
The Daily Alaska empire., 1937-06-16

Resurrection Boy Hive Island Light reported extinguished April 20; Pilot Rock Light reported eX- tinguished May 26.
 Kodiak Island-Lighthouse Point Light reported extinguished May IT; Hanin Rocks Light reported ex- tinguished June T; Pillar Point Light heretofore rep orted destroyed Table Island Light reported extin- guished April 26.
 Alaska Peninsula - Arch Point Light reported extinguished October 16
 Aleutian Islands Reef Lighted Buoy reported extinguish- ed May 31.
 Aids Relighted or Restored
 Dixon Entrance-Tongass Reef Light was relighted June 6.
 Revillagigedo Channel Hog Rocks Light reported extinguished June II, was relighted the same date.
 Sumner Strait - Helm Rock Lighted Whistle Buoy was relight- ed June 10.
 Stephens rassage = Midway Is- lands Light reported extingu'shed June l, was found burning June II.
The Daily Alaska empire., 1937-06-16
Charlotte Has Large Tourist
 Group On Board
Can adian Pacific Steamer Arrives on First Trip
 of Season

On it's flrss IT'D to Alaska 1oI this year, the Princess Charlotte oi the Canadian Pacific line, launched the tourist season into full swing yesterday. arriving in port at 6;15 D. n. with several passengers for Juneau aboard and scores of roUnd- trip travellers.
 The Princess Charlotte. command ed by Capt. William Q Palmer, includes on it's staff of officers, Frederick N1cGraw, first officer; Benjamin F Osborn, chief engin- ecr; Arthur H Bird, pugser, and Thomas Brown, chief steward.
 Due back in port Thursday, the Princess Charlotte left Juneau at midnight, carving some 300 tons of freight to Skagway for Interior points. The vessel brought a small amount of freight to Juneau Under the direction of Charles Mckenzie of Berkeley, a tourist party of 110 passengers making the round trip, composed a major DOT ton of the 165 passengers aboard the vessel.
 Passengers arriving at Juneau were: Miss Mary Simpkins, Miss NJ. Aikens, Ardelle Cleveland, Edla Cashen, Thomas Cashen. Ruby Fall, A. J. Ficken, Jr., Mrs c Harrison, E. G. Johnson, Mrs. E G. John son, Tom Kendall.
 ] Mrs. L. Mattox. Barbara Sinp- kins, L. J. Turner MT. and Mrs. R. A. Welsh, Jr., Roy Jackson, John Jackson, Bernard Schmickrath. Francis Bartholomew, Bert Ma loney Mrs. Maloney, B. Paget, w. Gaskall, w. Johnson, James Mur- ray, John Mason, c. Paget. Raymond Powell, Percy Cheld- rick, George Stubbs, Chester Shaw CT, G. c, Griswold.
The Daily Alaska empire., 1937-06-16
Marine New s
Steamer Movements
NORTEEBOtJND

Prince Rupert scheduled to
 arrive tomorrow evening.
 c Northwestern scheduled to ar
 rive Saturday.
 . Baranof due Saturday.
 6 SCHEDULED SAILINCS
 . North Sea scheduled to sail
 Q from Seattle June l8 at 10
 0 am.
 Q Evelyn Berg scheduled to sail
 Q from Seattle June l3 at pm.
 @ Dorothy Alexander scheauled . to sail from Seattle June Is . at g am. Q Alaska scheduled to sail from . Seattle June 19 at 9 am c Princess Louise scheduled to . sail from Vancouver June 19 Q at pm. . Mount Mckinley scheduled to { Q sail from Seattle, June g at { . 9 am. . SOUTHBOUND SAILINGS { . Aleutian due to arrive south { 9 bound at 2 o'clock tomorrow { . morning and sails, according ( . to schedule, at noon. 3 Princess Charlotte scheduled to ( , arrive Friday morning at ( . o'clock and sails south 3 , hours later. ( ? Northland scheduled h. ( ? bound late tomorrow. , Yukon scheduled southbound ( D next Monday. ( , LOCAL SAILINGS ( } Estebeth leaves every Wednes- ( } day night at 6 pm, for ( Sitka and wayports ( } Dart leaves every Wednesday C } at ' am. for Petersburg, Port | Alexander, Rake and way ( } ports. (
The Daily Alaska empire., 1937-06-16
MAJOR HOPKINS
 HUNTING BOUND
 ON BOARD YUKON

En-outa north for his fifth hunt in Alaska in four years, Mai. II. J. Hopkins, of Bainbridge Islan d Washington, retired from the Brit ish service. is a passenger to Sew ard aboard the Yukon.
 Major Hopkins plans to spend all summer in Alaska. Although he in- tends to dc considerable hunting .of moose and bear, his main objec- tive is the landing of a record fish or so from the lakes of the Alaska mountain range. To aid his pur- pose, he is taking north with him a collapsible boat. He plans to go first to the PaXson district, to make his try for a big fish.
 He will then circle back to the Renal Peninsula for some hunting and fishing, and may conclude his summer on the Alaska Peninsula. Major Hopkins is northbomd alone. but expects to be join ed later in the summer by Dr. J r Gillespie, of Fairbank5 Major Hopkins plans to return south in October
 Following Alaskan hunts in 1884 and 1886, Major Hopkins last year made two treks to Alaska. the first to the Moose Pass section. Later in the year he hunted in the Pinta Bay section, near here He report ed limit bags on all his previous hunts in the Northland, and hopes his luck will hold.
The Daily Alaska empire., 1937-06-16

lFOR hl.1sT- F'our-room furnished house. Phone 187 after pm. FOR RENT - 3-room furnished 1 apartment. 7th St. Phone 2004. FURNISHED house for rent 4 rooms. bath Phone l472. A NICE front sleeping room for rent Top flat over San Francisco Bakery. Call 379. FOR RENT-Three rooms and bath. ! Klein Apts.. phone 1604. FOR RENT Furnished room with or without beard Private home Phone 68Ol
 FOR House, rooms and bath. partly furnished. Inquire Nugget Shop.
 FOR RENT-First class offices in Valentine Building from $l750 up. Inquire A. w. Fox. FOR RENT-Light housekeeping or sleeping room for two Phone 4623. 9th and Calhoun FOR RENT-Flve-room unfurnlsh- ed house. Call 1885. FOR RENT = 5-room unfurr'sh2d house, 3rd and Dixon. P o. Box 1852.
 BROOM, newiy pamUeu, Beautifully furnished apartment, 65, Decker Bldg. See Louis Delebeque. RENT a practice plano for your summer cabin. Phone Anderson Music Shoppe, 143 FOR RENT Housekeeping rooms Call at Second and Seward. FOR RENT-2 apts. Call at 614 Gold Belt Ave. or phone 416. FOR RENT = Heated, furnished room. Close in. Phone 142l. VACANCY at tnc Assembly Apts. VACANCY at the Grand, Gross and Coliseum Apts. Inquire Coliseum office or phone either 61 or 3l01 FLAT for rent = Inquire Charles Goldstein Fur Store FOR RENT-Seven room furnished apartment. Inquire Snap Shoppe. COZY, warm, furn. apts. Light, water, dishes, cooking utensils and bath. Reasonable at Seaview.
 MISCELLANEOUS FOR free fitting TOT Spirella Foun- dation Garments, phone 380l. Mrs. Mabel E. Nance. TURN your ola gold into value, cash or trade at Nugget Shop. MIMEOGRAPHING? Phone 4951, or leave orders J. B. Burford Co GUARANTEED Realistic Perma- nents, $450 Finger wave, 65c. Lola's Beauty Shop, telephone POI, 315 Decker Way.
 70. K."
 LUNCH
 Fried Frog Legs and Other
The Daily Alaska empire., 1937-06-16

Empire classifieus pay.
The Daily Alaska empire., 1937-06-16

Lode and placer loca ton notices for sale at The Empire Office.
The Daily Alaska empire., 1937-06-16
 HAS BE LIST
 FOR THIS PORT
Is on Supply Voyage, Com ing North Only As
 Far As Juneau

SEATTLE, June 16, = Steamer Northwestern, making the first sup ply voyage of the season, going cnly to Juneau and then south bound, sailed Tuesday morning with l03 first class and 107 steer age passengers aboard.
 Juneau passengers include E.rn Roberts, Robert Kann, Joe Hal liean, R. L. Duckworth, Ed She'll worth, Mrs. Shellworth, George Fol- ta. M. Benedict wife and three children, Margaret Brannen, Sid- ney Brsnnen, Jack Hansen, c. F. Lane and two children, M. A. Bun zen, Mrs Pedersol, Russell Lind quist, John Thomp5cn ana son. P. r. Cummings, Jerry Cole, Lewis Nix on, Mrs. Tiink.eman ani daughter. Mrs. Paykull, Pnf:ip Hauge, Mrs. Jensen. Robert Bruliman, Mrs. Meyers, W. D. Gladish, J l. Beau din, MT. Tier and wife.
The Daily Alaska empire., 1937-06-16
B bARAN0F MAS il PASSENGERS
 JUNEAU BOUND

SEATTLE, June IS. = Steamer Baranof, on the Southeast-South- west Alaska cruise, sailed at 9 o. clock this morning with 113 first class and 93 second class passeng- CTS
 Passengers aboard the Baranof booked for Juneau include Mrs. c. Amland, c. Chase, J. R. Mcfarland, Mrs. c. H. Powell, Mrs. G. Austin, H. J. Wade. John Mclaughlin, w. P. Sharpe, Mrs. Nina Crumrirle and daughter, Kathleen Carlson. =
The Daily Alaska empire., 1937-06-16
WANT ADS
FOX REi,T

FOR hi4i;;.T -F'our-room furnished
 house. Phone 187 after pm
The Daily Alaska empire., 1937-06-16
w A N T "A D INFORMATION

Count five average words to the inc.
 Daily rate per line for consecutive insertions:
 One day ........-........-1O Toe
 Additional days ...-.- 5c
 Minimum charge soc Copy must be in the office by J o'clock in the afternoon to insure insertion on same day. We accept ads over telephone from persons listed in telephone directory.
 Phone 31i-Ask for -taker.
The Daily Alaska empire., 1937-06-16
TIDES TOMORROW
NOTICE

Notice that I the undersigned will not be responsible for any debts contracted by the Glacier Tavern on the Glacier Highway, prior to June 24, 1937
 adv. MRS. LILLIAN SHANK.
The Daily Alaska empire., 1937-06-16
UNDERMINING

Speed limit within the limits of the City of Douglas is twenty five miles per hour. All violations of this limit will be prosecuted. adv. CHIEF OF POLICE
The Daily Alaska empire., 1937-06-16

FOR RENT - 3-room furnished apartment. 7th St. Phone 20G4.
The Daily Alaska empire., 1937-06-16

FURNISHED house for rent rooms, bath. Phone 1&72.
The Daily Alaska empire., 1937-06-16
CHANNEL BUS LINE

Phone I0o Juneau or Fl Douglas Leave Juneau: A.M.-7:15, 800, 9:15, 10:15, 11:15; P.M.-12:15, 1:15, 3:15, AIS, SIS, 6:15, 7:15, 8:15, 9:45,
 1l;15, 12:00 midnight. Leave Douglas A.M.-7:40, $40, $40, 10:40, 40; P.M.-12:40, 2:10, $40, 4:40, $40, GAO, TAO, $40, 10:10, Glacier Highway
 Leave Aux Bay: A.M.-7:00, 8:15; P.M.-12:30, 4:15. Saturday Special GAS pm.
 Leave Juneau: AM. = 7:30, 9.30; P.M.-2:30, sis. Saturday Special 10:0G pm.
 First Bus Sundays and Holidays
 Leaves Juneau at 9:30 am.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-06-26
Industrial Advance
Speeds Up i'm South

to more than $454,OOO,0OO, and
this activity was maintained
during the first half of 1887"
Margaret Mitchells Gone With
the Wind" depicted an era of eco
nomic and social transition in the
South following the Civil War.
Since the depression Of 1929, the
South has been going through an
industrial evolution. Instead Of a
devastating war, which necessi.
tated the rebuilding of physical
structures and ways of life, the
worldwide depression brought
about a closer cooperation Of agri-
culture and industry which,
through scientific research, is ex-
panding manufacturing in the
South and making greater use Of
its raw materials. The book adds:
King Cotton, as the chief de-
pendence of many large Southern
areas, is forced to acknowledge the
power of the new princes of petro-
leum, paper, chemicals, and other
products and by-products from the
farms, forests and mines of the
States, it is pointed out.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-06-26

Now find Congress and local SHOW
ing more resistance to dictatorial schemes
Finally the premature outbreak of talk about third
term the President is not likely to help aspirations
some think he may have in that direction.
1 do not expect any dictatorship.
9 Have the captains of industry shown weakness and
sold their brhrght of individual initiative by selling out
to C. l. or"
Answer can understand how criticism may be made
of u S. Stees agreement without struggle 1t does not
to however, that this action "sel out"
The criticism is that the c. l. o. is not responsible organi
zaon and represents tendencies that dangerous to
the Nation. It has too little control it's members
allow business leaders to lead, if they
make mistakes After ALL it is part Of competition to have
different leaders try different policies.
This suggests the next question
g. eff c. l. O. is Irresponsible why not sign up with it. and
when breaks it's agreement then Republic Steel would have
something to shout about"
ignore principles and follow the dictates of expedency
any corporation honestly believes that the O. ire
sponsibe do not believe it should sign up.
T. "If irresponsible minority of strikers are tying up
business why doesn't Republic Steel leave to vote of its
employees if they favor G. |. O.?
overwhelmingly it that cannot count upon
normal vote under present conditions If mnorties tie
business they also influence And the National
Labor Relations Board has seemed entirely free from bias
s. care labor troubles likely to depress stocks further"
Answer-Profits will be affected in but think
that action of the market shows that the strike has
been pretty thoroughly discounted
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-06-26
Cotton Goods Weekly

NEW YORK, June IS G.N.S).
Prices of cotton gray goods were un-
settled during the past week, slipping
lower in the few sales that actually
went through.
Although mills were reluctant to
quote prices in many instances, nom
inal quotations obtained at the end of
the week ranged Il to nc lower than
week ago in most coarse yarn gray
goods.
and secondhand goods were moving at
discounts of about lac. Inquiry was
cratic. siackening off several times,
but coming in better volume towards
the end of the week.
Print cloths were quiet and easier.
The 3s1a-inch sOx4ss were quoted at
u bid. So asked, compared with last
weeks quotation of SIC. The Ssh-
inch S4x6os were quoted at So, against
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-06-26
LIST GOES
DOWN INDULL
DEALINGS

NEW YORK, June 26 0.N.s.),
Curb stocks turned irregularly
lower in later trading today with
a few issues sustaining fairly
sharp declines although the bulk
of the list varied only fractionally
from previous closing levels. Trad.
ing was light.
A soft spot in the miscellaneous
list was Pittsburgh g. Lake Erie,
which slumped more than 5 points
to new low at 861a despite better
May earnings. The issue appeared
on the tape several times, on each
occasion dropping sharply. United
Shoe Machinery turned down 2
points but for the most part
changes in the general list were
limited to fractions. Tung Sol
Lamp, Technicolor, Natcon Corp,
and Tubize Chatillon eased while
Ferro Enamel, Falstaff Brewing,
and Chicago Flexible Shaft ad.
vanced.
Oils were unchanged through.
out most of the list. Root Petro-
leum eased while International
Petroleum showed a similarly
small gain.
Mining shares were also little
changed although Newmont broke
two points.
Fractionally lower levels were
characteristic of the utilities as
Niagara Hudson Power, st. Regis
Paper, United Light A, and Cleve-
land Tractor eased. A minor gain
in Electric Bond and Share was
erased and the 6 per cent pfd.
turned down about a point.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-06-26
Buffalo Livestock

EAST BUFFALO. N. Y. Juns 20
UN.SD.-Hogs, 200. Mostly 10 cents
over Fridays average. Good and choice
10000 pounds, averaging around ZIG
pounds, $3.50, new peak since Septem'
Der, 1885.
Cattle-5OO. Few loads medium to
barely good Canadian steers sold at SlO.Z 20
@11.50. for week general trade steady 10
strong, midweek dip on cows and bulls
recovered. Good and choice steers ana
yearlings $12.5O@13.5O; most dryteds
$11.5O up: fleshy grassers and pasture
feds, $9.75611.25; cutlery and plain grass
steers and heifers, S6.5O@s.75; fat cows
$3.50; low-cutter and cutter, S47S q6.23
medium bulls. $6.4047; plain hgnts
weights. $5.65@6.15.
Sheep-None. Steady throughout week:
bulk good. and choice spring lambs
$1240912.5o bucks included few lots
ewes and wethers. $1391s1o; grass year
lings, 1913, down; tat ewes 44.1b . S.zo'
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-06-26

Great economic changes are TAX
ing place in the South. Remark
able progress in development and
trade was made by the Southern
States during 1886. The rapidity
and magnitude of its industrial
advance during recent months are
an amazing record of achievement,
according to the Blue Book of
Southern Progress, which adds:
more than S45Q,O 900 have
been invested in constructing
and improving Southern indus
tries in the 18-mOnth period
prior to July 1, 1887. 1t surpasses
the record of any similar period
in the SOuth'S history. Since
1880, and including the worst
years of the depression, in excess
of S1,000,0OO, 900 have been in
vested in enlarging and modern
iZing the industrial capacity Of
the Southern States.
"The total investment in new
engineering and building opera.
tiOnS in the South in 1885
reached a new high mark of
$939, 264,0OO, with privately fl
nanced construction amounting
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-06-26
Judge Finishing Probe
OF Riot at Ford Plant

DETROIT, June rs G.N.SO.
Testimony in the one-man grand
Jury investigation of the riot at the
Ford Motor Company Dearborn
plant was being compiled by Com
mon Pleas Court Judge Ralph w..
Iiddy today after the conclusion
of the hearings yesterday.
Judge Liddy said he expected 10
announce within a week whether
there is cause for action against
either the company or the c. l. O.S
United Automobile Workers Union
members who we're beaten when
they attempted to distribute liter
allure to workers leaving the plant.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-06-26
Chicago Produce

CHICAGO. June IS G.N.sD.-Butter-
1892 tubs; mostly steady; old cars 9;
new g. Extras, 80. standards, 29A ex-
ira firsts, 2s@2sh: firsts. 2792sh;
specials 3O1z 951.
Esgs-15.Ss4 cases; steady; old cars
II: new IS. Current receipts, 10; fresh
extra FISTS, less than cars, 20; cars,
2OL; fresh firsts. less than cars. 1914;
cars 20: dirties. IS; checks. II.
Chez se-Twins, 1874 Is; prints,
daisies. and longhorns, 1914 616h.
Live Poultry-Steady; turkeys 1S@
Is; hens, 1874 @17la; leghorn hens: lo@
121s broilers 1903 ROSTERS, l2qlS !;
Potatoes-99 cars; on track "a: o. 8.
shipments, 1921; washington Russets
Burbanks, combination grade $3.50: va.
Cobblers. $145: Missouri Cobblers, part
Triumphs, s1.5O91.SO Arkansas Bliss
Triumphs. $3.50: decay, $3.50: okla
homa Bliss Triumphs, $500 40: okla
homa Cobblers $40: decay, $780, Mis-
sissippi Bliss Triumphs, $40; No. ?, 81.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-06-26
Bank EnemyNO. I
DiSCOUered--H's
Business Cycle
| High Low Close

NEW BRUNSWICK, N. j., June
26.-The worst enemy of banking
in this country has always been
the business cycle, Leonard P.
Ayres, vice president Cleveland
Trust Company, Cleveland, Ohio,
and chairman economic policy
commission of the American
Bankers Association, told a gen.
eral meeting of the Graduate
School of Banking here last
night.
The school is conducted jointly
by the American Bankers Asso-
citation and Rutgers University,
and is attended by about 500
bank executives from all parts
of the United States. Colonel
Ayres said:
Bankers have always made
loans in periods of prosperity
that turned out to be in greater
or less degree uncOllectable in
the following periods of depreS-
sion. When the depreSSiOns
were mild and brief the result.
ing banking troubles did not
prove serious, but when they
were severe the banks suffered
greatly"
He said that with almost clock
like regularity banking has been
hard hit in business depressions
at intervals of about 20 years
ever since this country has been
in existence.
Colonel Ayres discussed pres
ent business prospects. He point
ed out that while four warning
signals which have always ap-
peared in advanced stages Of
prosperity periods preceding previ-
Gus major depresisons are now
apparent and may make one
wonder whether more serious de-
velopments may be impending.
the answer will probably turn
out to be in the negative since
general business is not yet well
along in a period of prosperity,
He pointed out that there are
now available for study long
series of continuous financial rec
ords of previous business cycles
and that from now on bankers
who do not avail themselves OF
this material will feel the com
petion of those bankers who are
students of such matters.