davidaulloa/AmericanStories huggingface dataset:
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1950-09-01

morning service. He spoke on
Being a True Representative.
Mrs. Simons is the former Anna
belle McQuerry, They left for
their home in Atlanta. Ga, Sun
day morning, August 81.
Mrs. Wreatha @. Maxwell, and
her committee for the women's
Day at st. Peter Church are very
proud and thankful for the sue
cess Of their day. They managed
to raise nearly twice as much
money as the men. Mrs. Henrietta
williams was crowned Mrs. st.
Peter for bringing in over $40 as
captain. Mrs. Cecil Stovall was
next in line with $50.
Mrs. Bertha Thomas, 4025
Fourth Ave. So, is i'll at her
home. Mrs. Alma Smith is also i'll
in Asbury Hospital.
Mrs. Lucille Cooke, 3617 Chi
cago Ave. So, plans to leave the
city Monday, Sept. 4 for Des
Moines, Ia. Mrs. Cooke will at
tend the annual conference of the
st. Paul District of the A.M.E,
churches. The conference con-
venes from Sept 5 to 8,
Mrs. Beulah Cohron, 901 Fourth
st. No, is visiting in Chicago,
where she attended the Elks Con-
vention. She is now visiting
friends and relatives there.
Mr.. and Mrs. Arthur @,
TOwne, 997 Dupont Ave. No. are
parents of a baby girl born Aug
ust IS.
Miss Anette Ellis of Charles
ton, w. Va, left for her home
Saturday, August 20, after q
three week visit visiting Mr., and
Mrs. AlonZo Ellis and Mr.. and
Mrs. Carter Ellis.
Dinner guests of Mr.. and Mrs,
William Gray, 400 K. 37th st,
Wednesday, August %. were Mr.,
and Mrs. Rosby Varnado, and
Mr.. and Mrs. Fred Smith, all OF
Chicago, Also present at the din
ner were Mr.. and Mrs. ]. o.
Napue and Mrs. Josephine Jen-
kins. Mrs. Gray served a turkey
dinner.
On Saturday, September 2 Mr.
and Mrs. c. w. Glenn, 374O
Fourth Ave. So, will leave for an
extensive trip to last for one
month. They will go to Haiti
Havana. Cuba and Kingston
Jamaica. Enroute home they will
stop off in New York and De
troit.
Mrs. John SherrOd and Mis-
Helen Branch Of Evanston, Ill
were visiting Mr.. and Mrs. Cor
don Granger, 1924 Fourth Ave
So. Miss Branch and Mrs. Sher
rod, who are aunts Of Mrs. Gran
ger left for their homes Wednes
day, August 30.
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1950-09-01

five pounds and fourteen ounces,
it was born August IS at Gener-
al hospital. Both mother and baby
are home and doing fine.
Mrs. Marjorie Cooper and chill
dren, Charles and Terry and Mrs.
Bessie Brown, mother-in-law,
will leave Friday for a weekend
visit in Barry, III. Barry is the
hometown of Mrs. Cooper who
resides at 3640 Smelling Ave. So.
Mr.. and Mrs. Oliver Cooper and
a group of friends enjoyed a fish
ing trip to Lake Shamenau over
the weekend. Lake Shamenau is
located about two hundred miles
north of Minneapolis. Everyone
had a very enjoyable time.
Miss Marienne Jeffrys and Mrs,
Ada Jenkins of Chicago left for
their home Sunday, August 81
after a three weeks visit in the
city at the home of Mrs. Jesse
Shepard, 1928 Fifth Ave. So.
A baby girl was born to Mr..
and Mrs. Arnett Bonner, 372s
Portland Ave. So. Monday, Aug
ust 81. The little girl has been
named Pamela Della and was
born at maternity hospital.
Mr.. James JacOway, 561 Eighth
Ave. No, returned to the city
Tuesday, August 20, after a short
visit in Fort Smith, Ark. at the
home of relatives.
Mr.. and Mrs. Harold Samuel
son, 1902 Emerson Ave. No, are
proud parents of a baby girl, Gym
thia Jane, born August 10 at
Maternity hospital. Both mother
and baby are home and doing
fine
Wayne Turrentine, son of Mrs.
Mildred Turrentine, Ills Aldrich
Ave. No, will celebrate his fourth
birthday, September 5.
Miss Eunlce McQuerry, left the
city Saturday, August 20 for
Morgan Park, Ill. where she will
assume her position as a first
grade teacher. This is Miss Nc
Querry's second year as a teacher.
The first was spent in North
Carolina. She is the daughter of
Mr.. and Mrs. Morgan McQuerry,
404S Clinton Ave. So.
Mrs. Ida MOppins who formerly
resided at PIT Clinton Ave. So.
is now residing at 2S17 Fourth
Ave. So.
Rev. and Mrs. Norman SlmOns
and their three month old daugh-
ter, Veronica Isabel dropped in
on Mr.. and Mrs. Morton McQuer-
ny, 404S Clinton Ave. So, for a
few days this week end. The
Simons had just attended a
family reunion in Wisconsin. Sat
urday, August 20, Rev. Simons
was the guest speaker at the
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1950-09-01

fet supper for him Tuesday, Aug.
20.
Mrs. Lillian Mason of New
York City left Monday morning
Aug. %, for her home after
spending three weeks in the city
visiting with her sister and broth
er-in-law, Mr.. and Mrs. Earl
Onque, liza Sherburne Ave.
Mrs. Eunyce Lewis, ga lyle
hart Ave, returned Sunday, Aug.
81 from a IT day trip to Chicago,
Indiana, Michigan and other
places, where she visited with
friends.
The Non-Pariel Bridge club met
Wednesday, Aug. 80 at the home
of Mrs. Josephine Oden, $50 Full
Ter Ave.
Visiting Mr.. and Mrs. E. Nit
chen Rhone, 643 Iglehart Ave,
over the weekend were Mr..
Rhone's cousins, DR.. and Mrs. G.
E. Finley and son, fluffy" of
Oklahoma City, Okla.
Mrs. Ruby Wood and children,
Paula and Eric, will return to the
city this weekend after an ex-
tended vacation in Washington,
D. c., Virginia and other points
east.
Mr.. and Mrs. Jessie Carter of
Chicago are in the city visiting
with Mr.. and Mrs. William A.
Stewart, 1892 Rondo Ave. Mrs.
Carter is Mrs. Stewards niece.
They will be here until after La
Dor Day.
The Twin City Bridge club met
Saturday, Aug. 26 at the home of
Mr.. and Mrs. Matthew Evans,
3740 9Th Ave. So, Minneapolis.
Winning club prizes were Messrs.
Evans and Henry johnson, 795
Edmund Ave. Guest prize went to
Mrs. Burie Carmichael of Min
neapolis.
Mrs. Jess Walls of Independ-
dence, Kans., was a weekend visi-
tor of Mr. and Mrs. Myron
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1950-09-01

Mrs. Elnor Wright, 514 Lyn-
dale Ave. No, who has been i'll
for sometime is now much i'm
proved. She is now able to be up
and around reports Mrs, A. Garth,
sister of Mrs. Wright.
Miss Gloria jackson win return
to her home in Chicago after a
three week visit at the home Of
her parents, Mr.. and Mrs. Bert
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1950-09-01
Friday, September 1, 1850, st. Paul RECORDER Page

Slaughter, 2sOe Portland Ave. So.
Mrs. Mary Lee Morris win ac-
company Miss jackson to Chi
cage. They win leave Friday,
Sept. 1.
Mrs Alice Young, formerly Of
1902 Clinton Ave. So, has moved
to 1915 Third Ave. So.
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1950-09-01
SOCIAL e PERSONAL
MINNEAPOLIS

Mrs T. StOval sr of 1905 Fifth Ave. So left for Chi
cagO for indefinite stay be with her sister who ILL., From
there Mrs Stova will go to St. Louis Mo. to visit with her
nephew and wife before returning home.
Harold Thomas the given the new born Of
Mr. and Mrs L. Johnson 70s Grard Ave- No. Weighing
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1950-09-01

more than merely a community
problem. We have millions Of tons Of
taconite in this state that might be
used to replace the dwindling high
grade ore. But the taconite Is ex-
tremely difficult to mine and to proc
ess. II Is the mother lode Of the high
grade ore and the iron is not depos-
tied in concentrated form. II will
take several years Of experimenting
and millions of dollars investment
to make its use practical"
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1950-09-01
SOCIAL & PERSONAL
81. PAU

Visiting Patricia and Connie Brown daughters of Mr. and
Mrs Raymond Brown 93l ST. Anthony Ave. their cousin
Mr. William Taylor of Munce Ind Mr. Taylor former St.
Paute is the of Mrs Alice Meker Evans also formerly
of this city He is student the University Indiana
will be in the city for ten DAYS The
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1950-09-01

WHEN YOU LOOK AT THE FACTS, it's easy
to see that these costly tacOnite experiments mean
a great deal both to Minnesota and to you
FACT l.: NEW CONSTRUCTION. If the tacon-
tie experiments are successful great new ore manu-
facturing plants" will blossom in Minnesota Putting
them up and equippng them for use will provide work
for a small army of Minnesota construction workers,
and important business for many a Minnesota firm!
FACT2: NEW YEAR-ROUND JOBS. With full
scale tacone production, thousands Of steady jobs
be created in this state. Producing tacone con-
centrate takes ttoice the manpower, compared with
hghgrade ore and work will go on IL months year.
FACT 3: NEW FARM MARKETS. With larger
iron payrols there will naturally be more demand
for the crops of Minnesota farmers.
FACT 4: NEW MARKETS FOR SUPPLIES.
Because the new taconite industry will be mGnnfac-
turing industry, there will be great new markets for
many kinds of materials and supplies in Minnesota
Yes every Mnnesotan stands to gain if the taconite
program develops as it should.
And there's reason why it can't be successful
IL all those in position to promote its growth do
all they can to help. Even now highly-trained men
are working in the laboratories and pilot plants to
make the tacOnite dream come true. Backing them
I'D with millions of research dollars the pres
ent producers Of iron ore in this state.
Every Minnesotan be glad that these things are
taking place Every Minnesotan to hope they
will soon bear fruit.
Why we publish these facts
We Of the iron industry want to stay in Mime
sota-permanently.
We want to insure the future of Minnesota's iron
wealth by investing the millions of dollars needed
hasten development of ow-grade and taconite
We want to help make it possible for the people of
Minnesota to enjoy even greater benefits from this
expanded industry-both in dollars and jobs-for
many generations to come.
We publish these facts so that no matter who you
are where you live, what you do for living you
may rest assured that
AFAIR DEAL FOR MINNESoTA'S RON ORE MEANS
GOOD DEAL FOR you
Charleson Iron Mining Co. The Cleveland Cliffs Iron
Co. The NJ. A. Hanna Co. Inland Steel Co. . Inter
State Iron Co. Oglebay Norton Co. Oliver Iron
Mining Co. Pickands Mather Co. Republic Steel
Corp. Snyder Mining Co. Wheeling Steel Corp.
STATE FAIR VISITORS: Visit the Minnesota Iron Ore
Mining ndUsfrys Exhibit IN The srondsiond budding.
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1950-09-01
These experiments can
mean big things to you

MINNESOTA'S SHRINKING SUPPLY Of iron ore
the subject Of interesting editorial that recently
appeared in the Claremont News. Heretofore" wrote
Dana A. Hinckley, publisher, lit has not been mat
ter Of too much concern to this strictly agricultural
community, but 1t Is now realized that this Is far
Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-11-05

a matinee This luncheon menu mcluueu
deviled eggs on lettuce, fruit salad, nut
bread sandwiches and ice cream OF three
kinds scooped into a glass bowl with little
bowls around holding three kinds OF top
pings. The guests helped themselves ana
made their own sundaes.
If it's an evening affair, both boys and
girls, there's punch in the bowl; help yourself
to the oatmeal chocolate-chip cookies. Ellen
dug into Mothers file box for the punch
directions. She sat on the floor Tipping the
cards, a slender blonde in blue jeans and
Continued on next page
Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-11-05

Touchdown suppers are the big event with
her crowd. Football games are played in the
evening under the glare of floodlights. The
girls get together before the game around
$50 for quick buffet. Nix on Shutdown"
meals, drawn out in courses. It's eat and be
oil in hurry to make the pep section
by seven, and whoop il up for the team.
Table decorations Ellen considers almost
as important-as the food. One football table
Is still the talk of the crowd. She used a
white paper cover for the top piece with
foya-blue paper frill white and blue the
school colors) with cut-out letters to spell
Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-11-05

the other, paper dollles unuer tlle
cake. And what kind of frosting?
Chocolate fudge, match"
This fall Ellen gave a frst-day-of-
schoolluncheon. This wasregistration
day when there was only morning
attendance, then the girls hurried to
her house to eat in jiffy and off to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-11-05

dearest wish is that Ellen take home
economies when she enters college
next fall. Ellen told me herself that
Sjust what she plans. because food
IS such fun and so very important"
She isn't thinking of the health angle
she knows that every good party
is built around an extra-good menu.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-11-05
TOUCHDOWN SUPPER
bv Clementine PaddIefOrd
ms DeekF ditor

the cheer, Yea Roosevelt, Beat Boone"
meaning Boone, Iowa.
The hero of the evening, a football fellow.
was made with pillows and fitted into
Brother Jim's football suit. Brother is
sophomore now at the University of Iowa.
Football man" wore his helmet pulled low
over stuffed pillow head, the features
drawn in by Ellen. In one hand he carried
a football, in the other blue and white bal
looms. A festive setting but the eating not so
fancy, it was food to stick to the ribs.
Cake CenteEpiece
A CHILLY evening ahead and it takes energy
to cheer yourself hoarse. Here's menu that
scored touchdown: hamburger balls and
spaghetti, tossed green salad, milk or cocoa
the beverage and big chocolate cake. The
cake served as centerpiece for the table,
mounted on two thick boards, one laid over
Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-11-05

The high-school crowd gathers
at the Olmsteds' for pre-game
eating. They all clamor for
that special chocolate. cake
Dies MONIES, Iowa
ELLEN OLMsTED loves party, she loves
Ia planning it too and works right along
with her mother preparing for the fray.
Ellen is senior in Roosevelt High School in
Des Moines She knows what the crowd
likes - simple but hearty fare and plenty of
chocolate cake
Eilen's mother, Mrs Frederick Olmsted,
makes parties count in teaching Ellen to
cook and how to plan menus. Certainly
Mother knows the ropes about entertaining.
Jean Olmsted is an Iowa State home-eco-
nomics graduate who majored in foods Her
Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-11-05
How to Make teftovers
tho Best Port.of the Turkey

= tablespoons butter
2 tablespoons floor ..a Milk
~ di'v,ed with Va cup ~0fer
W teaspoon sais
" 70 4 cups diced turkey
Tor ehieke"' c.:
Melt butter in saucepan. otil
IN -four and salt, COOK 1 min NH
,,,e. remove from heat and aa ,,
" quo milk. Blend CAREFULLY
add remaining milk and return
10 heat; stir constantly UNI ald
sauce thickens and boils' f nah
s J;osd turkey. Serve over fresh
roast. Makes a portions
x,xx. velvet Blend Book 20 %
,'onderful recipes. Carna.ioh c az
nent. WHO. Los Angeles 90 >
Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-11-05
for Pumpkin Pc
No Cream! No Fuss!
No Failures!

, W teaspoon. ei""o"o"
y, teaspoon cloves
y 4. ,easpoon aiIspiee
y teaspeon nvs"'ss
u teaspoon ginger
u, teaspoon salt
4 EGGS, beaten
W. cup. pumpki" .,...a
q eups carnasion E~apor0'eo
" Milk Il toll ea"l
s-ireh pie she'll
BLEND sugar, spices. and salt IN
n;xine bowl. Add eggs, pump
Yin, and Carnation Milk. Pour
into unbaked pie shell. Bake IN
hot oven as F. - minutes
then reduce heat to mooeia'e
13S0o FL and continue baking
40 minutes. Cool.
Evening star., 1950-11-23
Victims
Continued From First Page }

VContlnueo From First Page)
and hours later, some were still
there, hoping for news-or for
errors.
But some, maybe most, kept
wondering why their husbands
dallied while dinner spoiled. The
trains are sometimes late but
hardly that late.
Then the Phone Rang.
Then the telephones began
ringing.
Gunther Albinger learned about
his father. Julius. the quiet Brooks
Bros clothing clerk who always
caught the 6:09.
John E. Steinhauser heard the
inexorable news about his only
remaining son, John, jr. @The
other boy George died when hi.
Bit went down over the Adriatic
in World War II.
/ At the. home where Louis r
Seigel had lived a woman
screamed N. 9
The telephone kept on ringing
At Garden City it rang in the
home OF Harry Eidt, a 50-year-
old architect.
I'VE wondered what had hap
pened," said the voice at the end
of the line. speaking calm and
evenly.
Then it broke into a sob.
1--WE were waiting supper for
him"
Evening star., 1950-11-23
Spy
Continued From First Page)

tions. This was at time when
the Government was investigat-
ing the case. The charge against
Miss Moskowitz was that she
helped cook up a false story that
Gold told to the authorities.
Another prosecution witness
was Elizabeth Bentley. self-styled
former Soviet spy ring courier.
She testified she served as a con-
tact between Brothman and the
late Soviet master spy. Jacob
Golos.
Federal Judge Irving Kaufman
called the Brothman Moskowitz
verdict IAN intelligent one, in ac-
cordance with the evidence" He
also praised the work of the FB1
in the case.
The judge complimented the
prosecutor, United States Attor-
ney Irving Saypol, and said De.
fense Counsel William w. Klein
man presented IAN able. defense ;
The defense presented only two
brief witnesses, and neither de-
fendant took the stand at the
two-week trial.
Evening star., 1950-11-23
NepaI Rebel Force
Prepares for Battle
BY the Assoeia,ed Pres.

NEW DELHI. India, Nov. 23.-
Unconf1rmed reports from Nepal's
border today said rebel forces are
bracing themselves for a battle
with government forces at Bhai-
rawa, western gateway to the
kingdom.
The dispatch said other insur-
gent forces are mobilizing miles
east Of their remaining strong
hold at Parasi to meet advancing
government troops. Parasi lies
95 miles west of the key town OF
Birganj, which fell to government
forces Monday.
Nepalese King Tribhuvana fled
to India recently after the Prime
Minister, in a palace revolution
placed the monarch's 3-year-old
grandson on the throne.
India and Britain were reported
at odds today over the question ot
recognition of Nepal's boy King
Informed sources said only
strong British objections hac
caused Prime Minister Jawahar-
lal Nehru to hold up on plans tt
publicly refuse recognition of the
3-year-old whom Nepal's dictator
Prime Minister placed on the
throne.
These sources said Mr.. Netrr
had planned to couple the an
nouncement with a demand fol
reforms in Nepal's feudalistic gov.
ernment.
Evening star., 1950-11-23
By fhe ksseciated Press

NEW YORK, Nov. 23.-The ten.
tative death list Of Long Island
rail wreck passengers at the
Queens County General Hospita
Morgue-all from New York unless
otherwise noted-follows:
Julius II. P. Albinger, South
Garden City.
Henry Arehanbeault, Bellmore
Bernard Balm, Brooklyn and
Lynbrook.
John Barnes, 81, Levittown.
'ss William Bentley; Roslyn Heights
Florence Berumel, Rockville
Center.
Samuel Biegel, 35, Baldwin.
James r.. Bernsdoff, Baldwin.
Michael Bloomberg. Rockville
Centre. 5sss..s....
Aionzo John Bortfwick. Merrick
George Lewis Brown. As. Bald
win.
Stephen P. Brown. Baldwin.
Seymour Bruml. Rockville Cen
tire.
Petro Buchonok, so.
Thomas Bjerne. Wantagh.
Cameo Costa. Bellmore.
Henry Citron, AZ, Freeport.
George r. Cohen. Merrick.
James B. Conboy, Bellaire
Queens.
John N. Compton, 55, Rockville
Centre.
Richard De Cola, Roosevelt.
John j. Donolon. Merrick.
Edward Beaumont Dudley, jr.
27. Hicksville.
Harry Eidt. Garden City.
Joseph Elmer, so, Rockville
Centre.
Darrell c. Fisher, La Grange, Ill
David Fox. Freeport.
Emanuel M. Frankfort. Al. East
Meadow.
Harry Friedheim. So, Rockville
Centre.
Charles Lindsay Cover, 20
Bellmore.
William F. Grefney, "a. Wan
tagh.
Alfred Hanson, Bellmore.
Julia Haseth, %, St. Albans
Queens.
Louis Albert Hazard, Levittown
Evening star., 1950-11-23
Major u. S. Train Wrecks

April 10, 1940-Little Falls, N.
Y, 81 killed. IT
August 13. -Carlin, New,
"A killed.
June 10. 1938-Miles City, Mont.
46 killed.
June II. 1925-Hackettstown,
N. j.. 81 killed.
July 0. 1918. Nashville. Tenn,
lis killed.
June %, 191s-Ivanhoe, Ind. So
killed.
March 81, 1s1o-Green Noun
tain. Iowa, IS killed.
March /, 1910-Willington,
Wash, 96 killed.
December 80. 1so6-Washington.
D. c., So killed.
| August Z. 1s04-Eden Colo, 90
killed. -.
December %, 1s03-Dawson,
Pa. 65 killed.
October 10. lsa8-Mud Run. Pa,
55 killed.
| August 10, i887-Chatsworth.
Ill, 81 killed.
December 90, l876-Ashtabula.
Ohio. 81 killed. 80
Most serious train disasters In
the worlds history were at Nowy
Dwor, Poland, on October 20. 1949,
when 200 were killed. and near
Paris. on Christmas eve, 1888.
when 160 were killed and more
than 300 injured. ,,,.........y
Evening star., 1950-11-23
BY the Assecioted Press

NEW YORK, Nov. 23.-Major
train wrecks in United States his
tory includes:
September II, 1950-West La
fayette. Ohio, 80 killed.
February IT, 1950-Rockville
Centre. N. Y, 81 killed.
April Is. 1946-Naperville, Ill,
IS killed.
! August 8, 1945-Michigan, N
OAK, "a killed.
| June is. 1945-Milton. Pa, is
killed.
December 81, 1914 - Ogden
Utah, so killed.
September IA, 1914 - Terr,
Haute, Ind, 20 killed.
| August 4. 1944-Near Stockton
Ga, Al killed.
July 6. 1944-Jellico, Tenn, 8!
killed.
December 16, DISCRIMINATION
N. c., 73 killed.
| September 6, 1943-Frankfort
Junction. Philadelphia. Pa, g.
killed.
E August 80. 1943-Wayland, N
~, % killed.
/ May %, 1943-Delair, N. j.. J.
killed.
/ September "a, 1942-Dickerson
Md. IA killed.
+ November 8, 1941 - Dunkirk
Ohio, 13 killed.
/ July 81, 1940-Cuyahoga, Ohio
443 killed. sss95ye 5sesszs -
Evening star., 1950-11-23
Federal Reserve Wins
Row on u. ). Interest;
New Rate Up ! Pei.
By the Askoeioted Press

The Treasury and the Federal
Reserve Board apparently have
settled a two-month-old contro-
versy over interest rates paid in
Irefnancing Government debt
when it falls due.
The tipof came yesterday when
the Treasury offered 134 per cent
f1ve-year notes in exchange for
$8,008, ,101, 500 in securities falling
due December Is and January l.
That was a "a per cent higher
rate than was paid on the last
five-year notes issued March is.
The Treasury and the Reserve
Board had been at odds over
whether to follow the recent up
trend in interest rates generally.
The Treasury had refused to pay
higher rates chiefly because this
would increase the present $780,
000,000-a-year carrying charge on
the Government debt.
Treasury Started Dispute.
The Reserve Board contended
that it was more important to
fight initiation by discouraging
others from borrowing. The
Treasury could do that, the board
held, by paying higher interest
itself and thereby encouraging
the general rise in interest rates
i The Treasury touched off the
controversy in mid-August when
lit offered Ia per cent. 13-month
notes to refinance nearly $7,322,-
600, 900 in Government securities
falling due shortly thereafter.
Since then, the Reserve Board
has been forcing up the interest
rate on three-month Treasury
securities by holding back on buy
ing them as it used to do in sup
port of their prices.
Security Rate Rises.
The result has been rise In
the rate on these securities to the
highest level-138 per cent. at
annual rates-since the bank
holiday of 1888.
The new Treasury note Offering
ANNOUNCED by Secretary Snyder
was authoritatively reported to be
the product of an agreement be-
tween the agencies that signaled
la truce, and probably peace. in
their dispute.