davidaulloa/AmericanStories huggingface dataset:
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25

Henry Matthiesen made a bust
ness trip to Minneapolis Thursday.
Miss Arvilla Uphus spent Mon
day afternoon with Miss Mile
Bentfield.
Vernon Marthaler called at the
Albert Marthaler home Sunday.
Miss Martha Minette was a SUD-
per guest OF Miss Marie Matthie-
sen Thursday.
George Harmon and Henry
Kamphake called on Frank Marth-
aler Tuesday.
Russell, Elmo, and Marie Math-
iesen and Martha Minette spent
Thursday evening at the Anton
Bentfield home.
Glenn -Uphus and Nick Martial
err were callers at the Joe Weiss
home Tuesday.
Miss Marie Matthiesen spent
Sunday afternoon with Millie
Bentfield.
Miss Awilla Uphus is working at
the Ed Marthaler home.
Mr.. and Mrs. George Harmon
and son, Harold, and Mr.. and Mrs.
Henry Kamphake and family and
Miss Mava Shanahan spent We'd
nesday evening at the Frank
Marthaler home.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25

Mrs. c. M. Berry and children
called on Mrs. Otto Blank Friday.
Otto Blank helped G. Ecllund
with his butchering last week.
Mr.. and Mrs. John Kortan visit
ed the Mike Arnes family Sunday.
Mrs. Arnes and children came home
with them for a couple OF days.
MIR. and Mrs. G. M. Berry and
family were Browerville callers on
Saturday.
Mr.. and Mrs. Otto Blank and
Betty Lou motored to Long Prairie
Saturday.
Miss Marvel Berry, who Is en-
ployed at the Nick Johnson home
for a few weeks, came home last
Thursday.
William Trones called on Henry
and Alvin Blank Monday.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25
Westport

Miss Alma Schmitt, of Sank Gen.
tire, was a Westport visitor on We'd
nesday of last week.
Gordon Pfenninger, Rup Judkins
and Thomas Calvin spent Tuesday
night in the cities.
The Misses Villa Hogan and
Inez Butler were guests of Miss
Jessie Tipler on Wednesday even
ing.
Chris. Peterson, of Sebeka, Mimi,
spent the week end with his broth
er, H. c. Peterson.
Mrs. Lawrence Frederick and
sons, Byron and Russell, spent Sat
urday at the Fred Judkins home in
Willard.
Mark Flannery, of Sank Rapids,
visited with Mr.. and Mrs. F. C..
Gaffaney and P. j. Flannery on
Sunday. Mrs. Flannery is in the st.
Cloud Hospital where she is recov-
ering from recent operation.
Lawrence Nelson, Of Little Falls,
was a Westport caller on Monday.
Mrs. L. ]. Buchholz was a lunch
con guest of Mrs. E. H. Pfenninger
Thursday.
Mr.. and Mrs. Clyde Beidleman
and family were supper guests al
the Lee Hamilton home Sunday.
Mrs. Fred Schaub, of Glenwood,
visited with Mrs. Prosser on Thurs
day.
Mr.. and Mrs. Jack Frederick and
family spent Sunday afternoon at
the Fred Judkins home in Willard.
Miss Vera Hermanson. of Little
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25

The Birthday club, of Kandota,
gave a farewell party on the Blair
family Sunday. All Of those that
were present were: Mr.. and Mrs.
Otto Blank, and daughters, Betty
Lou and Dorothy, Mrs. Jonas Eek
burg, Mr.. and Mrs. Gust Emblom
and daughter, Virginia, and Mr..
and Mrs. c. M. Berry. A nice lunch
was served at 3 o'clock. The Blair
family are going to move to Sank
Centre the latter part of this
month.
Miss Virginia Emblom spent last
week at the Art Jacobson home.
c. M. Berry, who is employed in
the cities, visited his home over the
week end.
Mr.. and Mrs. Marvin Becker call
ed at the Berry home Sunday.
Alvin Blank returned to his home
Saturday night. He has been en-
ployed at the AL Cass home for a
couple of weeks.
c. M. Berry left Monday for the
Cities where he is now working.
Mrs. c. M. Berry and son, Vern-
on, called at the Steinbauer home
Wednesday afternoon.
Mrs. Frank Willie, of Melrose,
spent Saturday afternoon with
Mrs. John Steinbauer.
Rubin Eckburg called at the OF
to Blank home Tuesday.
Mrs. Jonas Eckburg motored to
Sank Centre Thursday
Art and Joseph Ecklund called at
the Otto Blank home Saturday.
Miss Ellen Ecklund, who Is
teaching near Osakis, visited her
sisters at Sank Centre over the
week end.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25
Old Highway No. 4

MIR. and Mrs. Burton Rowe and
Fred Rowe were dinner guests at
Mr.. and Mrs. r. Penrose's Sunday.
MIR. and Mrs. Wesley Martin were
visitors at the Herman Hendrick-
son home Sunday.
Henry Griesert, who is in the
CCC camp at Beena, MINI. spent a
few days last week at the home of
his parents, Mr.. and Mrs. Richard
Griesert.
AL and Bill Bauernfeind were
callers at the Wesley Martin home
Friday.
MIR. and Mrs. Emil Holmes and
son, Merlin, were visitors at the
Simon Holmes home Sunday.
Jesse Martin was a caller at
Morris Nelson's Thursday.
Orvflle Martin was a visitor at
Holmes Sunday.
Helen and Aurelia Gartner and
Helen Thornbloom, who have been
attending school in Sank Centre,
spent the week end at their home.
Evelyn Holmes and Tillie Martin
were visitors with Helen Nelson on
Tuesday.
Mr.. and Mrs. Paul Zerk spent
Saturday afternoon at the c. w.
Stegner home.
Laura Mae Martin spent several
days last week with her sister,
Mrs. Harold Nelson.
The road Is now opened from
Paul Jerks down to the highway.
MR.. and Mrs. Paul Zerk were
visitors at Wesley Martins Friday
evening.
Mrs. Rudolph Griesert and son.
Lester, were visitors at the Wesley
Martin home Sunday.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25
West Union

At the annual meeting Of the
Livestock Shipping Association,
held Friday, February 10, Otto
Paul and Frank Marthaler were
elected to the board of directors to
succeed themselves. The report of
the secretary showed about $4,000
paid to patrons during 1896, which
was large increase over the prev
ious year. The arrangement of CO
operating with other associations
on the line in filling carload ship
ments, making possible weekly
shipments, is in part responsible
for this increase. J. H. johnson,
manager, took care Of 40 ship
ments during the year. At the close
Of the business meeting, Fred Wit
tnebel, Of Garfield, Mimi, gave a
very interesting talk on Co-opera-
tive Marketing by Farmers. Fol-
lowing the meeting the directors
met and chose the same officers for
1887.
o. L. Johnson and A. B. Bent.
field left Saturday for st. Paul
where they will spend a few days.
The former is attending the Well
Diggers convention of which organ
ization he is the treasurer. Mr..
Bentfield will visit with his broth
er, Joe Bentfield and family.
The village counsel have added to
their fire protection by the pur-
chase of several lengths Of hose
which were received the past week.
Mr.. and Mrs. Math Linn and son,
Leo, and daughter, Rita, of st. An
thony, were guests here Saturday
of their son, Herbert Linn.
Miss Marie Fink arrived Wednes-
day for two weeks visit at the
homes of Albert and Andrew Rad
ermacher.
Mrs. Joe Marthaler and son,
George, were Sank Centre callers
Saturday.
Mr.. and Mrs. Albert Marthaler
and children, of Grand Rapids,
were guests over the week end at
the home of the formers parents,
MIR. and Mrs. J. p. Didier.
A little boy arrived at the home
Of Mr.. and Mrs. Henry Deters on
Monday, February %.
Miss Veronica Schlicht left by
bus Saturday for Fargo where she
will visit MIR. and Mrs. Theodore
We're for a few days.
Mr.. and Mrs. Herman Roth cele-
brated their twenty-fifth wedding
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25
South Unity

Chester Goodpaster, Alvin, Leon
ard, Arthur and Ella Betow, Rob
ert, Willard, Ruth, Mable and Alice
Betow visited last Sunday evening
at the Herman Thortuson home.
Mrs. Henry Fritzlar, Ruth, Ma
bic and Laverne and Martin Below
helped Mrs. Henry Betow with pa
pering last Friday.
Mrs. Alvin Hummer, Daisy and
Luella Cheadle visited last Sunday
at the Chas. Hummer home.
Irma iMahigan is at present stay
ing at the Henry Quade home.
Bin Christholm Is employed at
the Henry Quade home for few
weeks.
Alvin Betow visited Monday ev-
ening at the Walter Kind home.
Chester, Howard, Donald and
Gordon Goodpaster, Art and Miles
Cheadle spent Sunday with the
Henry Betow boys.
Lester Hummer called on Mrs.
Hulda Hummer last Sunday.
Mr.. and Mrs. Edo Paul spent
Tuesday evening at the ]. c. Math-
iesen home. .....
Alvin Below called on the Good
paster boys Wednesday.
Leonard Betow called at the home
of Henry Quade and Quade broth
ers Wednesday.
Mrs. Ray Goodpaster and daugh-
ter and Donald Goodpaster return
ed to Sank Centre Wednesday ev-
ening after spending almost two
weeks at the homes of their par
ents.
Henry Jennissen called on George
Kind Wednesday evening.
Alvin, Leonard and Art Betow
and Chester Goodpaster visited on
Wednesday evening at the Walter
Hummer home.
otto Kind, Of Kalispell, Montana,
arrived Friday for visit with his
father and relatives.
MIR. and Mrs. Alvin Hummer WIS.,
tied Friday evening at the Chas.
Hummer home.
Mrs. Walter Kind visited Wednes-
day afternoon with Mrs. Chas.
Hummer and Mrs. Ray Goodpaster.
Mr.. and Mrs. Henry Below and
family, Mr.. and Mrs. VIM. Below
and family visited Thursday even
ing at the home of Mr.. and Mrs.
Henry Fritzlar.
Chester Goodpaster and Lester
Hummer called at the George Kind
home Friday evening.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25
Thursday, February Is. 1887.

Henry and Elmer Griesert and
Gerald and Ernest Thornbloom
were visitors at the Wesley Martin
home Tuesday.
Helen Nelson spent Thursday
night with her sister, Mrs. John
Perlinger.
Title, Enid, Gerard and Ralph
Martin spent Friday night with
Vivian and Adrian Holmes.
Tfllie and Enid Martin were vis-
itors at Thornbloom's Saturday.
Gus Otto, Art MacDermond and
Mr.. Carpenter called at Paul
Jerks Sunday.
Joe Ingersoll helped Leonard
johnson haul hay few days last
week.
Marcella and Hildegarde Schley
called on Edna Thomas Wednes-
day.
Bernyce and Evelyn Thompson
spent Thursday afternoon with
Edna Thomas.
Carol Ingersoll spent last week
with Deloris Crandall.
VIM. Schley was q dinner guest
at the VIM. Thomas home Sunday
Fred Seamen, residing at the
Frank Pangburn farm, called at
VIM. Thomas tuesday,
Marx Ingersoll spent the week
with Harold Halverson.
Edna Thomas spent Sunday af-
ternoon with Sophia Schley.
Joe Ingersoll and son, Marx, and
Carol, called at the VIM
Schley home Saturday.
VIM. Schley called on Fred Sea-
men Sunday forenoon.
Henry lilies called on Otto
Metske Thursday.
Albin johnson called on Carl
Ecklund Saturday.
Fred Seamen called at the Henry
lilies home Tuesday
Now that the snow plow has
gone through Old Highway No. 4,
the children will be able to resume
their duties at school.
Joe Ingersoll spent Tuesday eve
ming at the VIM. Bellinger home.
Ed Rasty spent from Friday un-
til Saturday at the VIM. Thomas
home.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25
Sank Centre Route 3

Henry Ahrens was a business
caller at the Bill Schloegle home
Tuesday.
Joe Bieringer, AL Grierway and
Bernard Bieringer were callers at
the Bill Schloegle home Wednesday
night.
Ralph Schloegle and Gertrude
Schloegle were callers at the Sam
Graham home Saturday evening.
MIR. and Mrs. Bill Schloegle and
Clinton Smith were supper and
over night guests at the home Of
Mrs. Francis Hetzel Monday.
Carl Bieringer, Elmer Barcheng-
er and Mr.. and Mrs. Lawrence
Schieffer and daughters, Alvina
and Lorraine and son, Edward
were visitors and supper guests at
the Bill Schloegle home Sunday.
Joe Linderman was a visitor at
the Gust Quade home Sunday.
Robert Schloegle was a visitor
and dinner and supper guest at Bill,
Schloegle's Sunday.
Elizabeth Bieringer helped Mrs.
Bill Schloegle with her work Sat
urday afternoon.
Ben Bieringer spent Sunday af-
ternoon with joey, Ralph and Ro-
bert Schloegle.
VIM. Schloegle was a caller at
the Anton Bieringer home Sunday.
Catherine, Theresa, and Eliza
beth Bieringer were visitors with
Gertrude and Marie Schloegle Sun
day.
Gust Quade was a caller at Bill
Schloegle's Thursday.
Gertrude, Mary, Anton and Joe
and Edward, Theresa,
Catherine and Elizabeth Bieringer
were callers at the Joe Schloegle
home Thursday and Friday.
Cyril Mier was a business caller
and supper guest at the Bill
home Sunday.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25

Rose Mayer Is staying at the Fe-
Tx Rooney home at present.
The yearly creamery meeting
which was held on Tuesday, Feb.
8, was not very well attended be.
cause Of bad weather and roads.
Mrs. Frank Essler received word
from Mrs. Mitchell at Verona, N.
D., that her mother Is again on the
road to health.
Edward Rouslang Is employed at
the Paul Hansmann farm at pres
ent.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25

Mrs. Milford Huberty spent a
week ago Tuesday with Mrs.
Frank Rouslang.
Josephine Klar called at the Hub
ert Rouslang home Sunday.
Glen Ritter called at the Mike
Essler home Friday.
Mr.. and Mrs. Felix Rooney and
family, Mrs. John Steinhoff and
children assisted with butchering
at the VIM. Rooney home Friday.
Mrs. Jake Essler, Mrs. Frank
Essler and Mr.. and Mrs. Ben Ess-
Ter visited Saturday with Dorothy
Essler, who Is i'll with pneumonia
at the st. Cloud Hospital.
Rose Essler was an overnight
guest at the Frank Essler home on
Sunday.
Marie Essler helped Mrs. Frank
Essler with her work Saturday.
Marie and Felix Essler spent
Thursday evening with Lorayne
and Lawrence Rouslang.
Viola and Irene Spaeth spent a
few days Of last week at the Emil
Wiener home.
The little girl which arrived at
the Earl Killeen home was named
Donna Mae.
Mrs. Frank Essler is spending a
few days with relatives and friends
at Sank Centre.
Alfred Rodgers and son, Edward,
called at the Frank Essler home on
Sunday.
Mike Essler was a st. Cloud
caller on Friday. He returned Sat
urday as far as Sank Centre where
he was forced to stay because of a
severe snow storm.
Irene Spaeth spent few days at
the Emil Wiener home last week
Al Rouslang was an overnight
guest at the home Of his grandpar-
ents, Mr.. and Mrs. Frank Essler,
on Thursday.
Rose Essler visited school Dis
trict So Friday.
Mrs. John Seringer spent a few
days at the home of her parents
hast week.
Claude Offering helped Walter |
Rooney haul hay Friday.
Edmund Stalberger called at the |
Frank Essler home Friday.
Kathryn Essler helped Mrs.
Frank Essler with her work Satur-
day.
Felix Essler was an overnight
guest at the Frank Essler home on
Some Of the young folk Of here
enjoyed playing games at the Her
bert Majerus home on Sunday ev-
ening.
Rose Marie and Felix Essler
spent Sunday afternoon at the AL
fred Rodgers home.
February 18th)
Al Rouslang returned Thursday
after spending a few days at the
Tony Essler home.
Edmund Stalberger called at the
Frank Essler home on Friday.
MIR. and Mrs. Earl Killeen are
the proud parents of a baby girl
born Saturday.
Mike Essler was a business call
er at the Frances Rooney home on
Mr.. and Mrs. Jake Essler, AL
Stienhoff and Ambrose Rooney
were st. Cloud callers Tuesday.
Tony Essler left Tuesday for
where his son, Norbert,
has been in the University Hospi-
tai under medical care. Norbert
returned home with him.
Mike Essler was an overnight
guest at the Casper Nathe home on
Monday.
Schools were closed in some of
the surrounding districts on Tues
lay because of bad weather.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25
Country News Letters
Items from Live Correspondents Of
the Rural Districts
the Rural Districts

Mr.. and Mrs. Henry Trierweiler
visited at the r. ]. Penrose home
Sunday evening. Mr.. and Mrs. Fred
Penrose, of Iowa, are at the home
of the senior Mr.. Penrose for a
visit.
Werner Kampsen was a caller at
H. J. Adrian's Sunday.
Mr.. and Mrs. Harry Dickson
moved from the Crippen house to
the house south Of the Menasha
Woodenware on Getty Street last
week.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1937-02-25

anniversary Sunday by entertaining
q group OF relatives and friends at
a o'clock dinner in honor of the
occasion.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1937-11-10

The "Big Apple" dance - the
sensational dance-hit of the year,
the dance that has taken the
country by storm with loads
of fun - will be introduced
for the first time at the Habana-
Madrid Club on Thursday night,
November II, Armistice Day, un-
der the auspices of Social Club
Roosevelt. The big Apple" win
be done under the direction of
Gerald Pinder, local dance instruc-
tor, and John Pritchard and his
popular dance band.
The club endeavoring to make
this one of the biggest introduc-
tory dances Of the year has secur-
ed 10 Of the best dancers in the
city in order to put on this SEN
sational performance correctly.
Those who will be in the big APP
pie" are: Lionel Cobo and Madge
Sands; Carlos Garcia and Lydia
Garcia W. c. Maloney and Mar
garet White; Kermit Richardson
and Olga Marrero; Jesus Carmona
and Joan MacMullen; Orlando
Caraballo and Edna Mae Carabal-
10; Gene Griener and DOLLS Bur-
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1937-11-10
FsBig Apple" Dance To Be
GiUen AT Habano- Madrid

chell and Gerald Pinder and
Louise Pritchard.
Included in the "Big Apple"
are the latest dance steps, such as
'Truckin' ;, the Susie O. and
Going to Town. Also will be
the 'Corte Dip, 'Shag' and Pos
IN and many other popular
steps introduced by the college
students during this year. Added
to this performance is the "Rhum-
ba" (Cachita). This will be dane
led by that well-known couple,
Orlando Carahallo and Edna Mae
Caraballo. Gerald Pinder and
Louise Pritehard will dc the
"Shine," which is the finishing of
the big Apple" This perform
ance win take place at IL o'clock
midnight.
There's no doubt in the minds
of the committee in charge that
all who witnesses this dance will
be encouraged to join in after the
performance is put over.
Social Club Roosevelt has
dances booked for Thanksgiving
Day, Christmas Eve and New
Years Eve. Also in January, on
the Presidents birthday.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1937-11-10
| Harris School
Has Program

National Education Week is be-
ing observed in the schools this
week.
At chapel yesterday morning
Prof. Duncan addressed the as
sembly first. He asked the chill
dren to invite their parents to Wis
it the school sometime during the
week.
Rev. Peele conducted the devo-
tional exercises and then spoke of
Horace Mann, who is known as the
Father of the Public School Sys.
tenn. Rev. Peele's address was
very interesting and he stressed
that each child should appreciate
the opportunity that is given by
the schools.
The Harris School Chorus sang
song. The flag salute and an
other song concluded the program.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1937-11-10

stock prices declined somewhat they
rose again until in August an abrupt
decline started.
Again monetary controls were at
tempted. The federal reserve banks
reduced their rediscount rates to new
and record low levels. About $780,.
100000 was released from the ''in-
active" fund and placed in the banks.
It was indicated that the federal
reserve banks might start open mar
ket operations, lie. buy bonds and
thus place more cash in the banks.
Thus far these efforts to ease the
market and to check price declines
have been Ineffective. The downward
movement Of both commodities and
securities has persisted.
Hasty conclusions should not be
drawn but one or two observations
seem justified. One is that monetary
controls will probably be continued.
The idea is by no means new. Redis-
count rates. open market operations
and other devices have been used
for many years and more or less eff
fectively. Recently the setting up of
huge sterilization funds (for exam
pie, S2,000,000, 900 in the United States
and e 350,000,000 in Great Brittany.
Capitalization of banking direction
and'the closer relations between CEN
trail banks and government treasures
are new elements.
Two comments are warranted.
Monetary and banking manipulations
have an influence but This influence
is not apt to be very effective in the
short run and at times when other
forces are powerful. There is instead
the possibility that by the time they
really influence the market situation,
conditions viii have changed. If OPP
posite policies are then followed, they
may operate slowly. if at all. and
have their effects after the reason
for them has disappeared.
Another observation is that the in
creasingly close connection between
the central banks and the govern
ment treasures creates a temptation
to use the money and banking con-
trolls to help government financing.
Again it should be said that there are
limits within which such help may
be proper. But il is not desirable that
government financing should be too
easy or rates too low There arr times
when government borrowing should
be made harder. This is one of them.
AS set the recent attempts to ease
the market seem to have been both
ineffective and unwise.
nor care of this netcspaper)
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1937-11-10
ANNOUNCE Low
PRICE ON DODGE

Auto owners and prospective
owners have shown great enthus-
iasm over the 1888 Dodge which
was displayed in this city about 10
days ago by Navarro, Inc.s local
Dodge-Plymouth dealer.
Navarro is advertising the new
Dodge at an unusually low price
on the front page of this issue.
This price is F. o. B. Key West.
An invitation to visit the show
rooms of Navarro, Inc, and see
the new models is extended by
this auto firm.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1937-11-10
Education Week
Is Observed

A short and appropriate pro-
gram in observance Of Education
Week was rendered by pupils Of
Fifth, Sixth, Seventh and Eighth
Grades of st. Joseph's School
yesterday.
Opening number was the Flag
Salute, followed by For God and
Country" an enlightening drama
on Communism, explaining its doc
trines, why it is spreading so rap
dly throughout the world, and
what can be done to combat it.
Another number was Soldiers
Of Peace" a playlet cOrrelating
with the Presidents Proclamation,
''Peaee", for Armistice Day.
Though on a much lower plane,
il depicted clearly to the youth of
today, the citizens of tomorrow.
the sadness Of war and the glories
Ct peace.
A recitation. "How to Catch a
Grid" showed that the best way
to do so is to preserve rather
than to destroy it-ss You listen
to its melody. you've got him.
After the singing Of America, +"
Rev. William ]. Reagan, s. j.. con-
graduated the boys enthusiastic
ally praised the study of the great
evil of the day, noted with pleas
ure the spirit which guides them
70 preserve bird life. and above
ell encouraged them 70 foster with
ell their might the love and prae-
tiee Of peace-the nationwide
question Of the day.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1937-11-10

to much higher and undesirable
levels. The other was that bond prices
should decline with disastrous effects
for the banks and insurance COM
panies and for the credit of the gov
eminent.
Attemps were made to correct
this. The reserve requirements of
the banks were increased until by
last May they had been doubled.
Starting in December 1886 imported
gold was placed by the Treasury in
an inactive" fund to prevent its
swelling bank reserves and thus add
ing to the base upon which bask
credit might be expanded. Also Gov
ernor Eccles of the Federal Reserve
Board of Governors announced an
easy money" policy. ie.. the inten-
ton Of keeping interest rates low
This was to keep costs of business
borrowing down.
For some of these actions much
was to be said. 1t was better to curtail
the excess reserves before bank
credit expanded than afterwards. The
continued importation of gold was
adding so rapidly to bank reserves
that the inactive gold" policy may
have been wise. The writer of this
column does not object in principle
to efforts at monetary control
But some of the limitations seem
clear. Prices of commodities and Sc
curities continued to rise. Commodity
prices began to weaken last spring
but because speculative accounts had
been over-extended rather than be-
cause monetary controls were effec-
tive. Bond prices weakened. While
address questions to the all