Richmond Palladium (Daily), Volume 45, Number 166, 21 May 1920 — Page 10

Page ten

THE RICHMOND PALLADIUM AND SUN -TELEGRAM, FRIDAY, MAY 21, 1920.

NO PANIC IMMINENT IF EVERYBODY WILL .HELP OUT-REYNOLDS

, CHICAGO, May 21. Panics, business depressions, bread lines are not imminent. In fact, according to George M. Reynolds, president of the Continental and Commercial National bank, who returned Thursday from the Washing

ton conference of bankers on the'

present Industrial, money and business situation, there will be" nothing of that kind at all If the people of the country -meaning everybody, . not Just here and there a . merchant or a manufacturer gets together in old wartime cooperation and reduces the pressure upon money and business by liquidating stocks, stopping extravagance and ceasing borrowing money for unnecessary operations. Credit Much Overexpended. "Here are facts," said Mr. Reynolds. "There has been an overextension of 'Credit It has absorbed all but 42 per cent of the federal reserves and 40 per cent Is considered the minimum of safety. This Is not due to wild speculation, but to the general condition of high prices, coupled with an unusual business activity; everybody has been spending money. "Business men of the country and ihe people have gone along blindly in their certain belief that the resources " of the federal reserve system were absolutely without limit. Behind this has been misleading propaganda to that effect. The situation has been causing apprehension to the bankers for 60 days or more; the business men are beginning to awaken; war financing has deposited a billion and a half of government paper In the banks, about half of their available capital. Consider that for a moment. It is a bad condition, but It Is there and has to be met. This is a season of the year when credits should be easing instead of closing down tighter. Three months from now there must be money available to move the crops, there must be railroad cars to transport them. Additional Cars as Remedy. "Country banks have borrowed from the big city center banks about 60 per oent of their account. The country banks say the whole thing can be solved and quickly, if the country districts only can get cars to move the crops. "For 60 days bankers have been discriminating in the matter of Riving loans. They have declined flatly in cases where the- borrower wanted money for purposes not exactly essential to the relieving of the present situation. Legitimate business has had no trouble in getting money and will not. The banks have not been calling loans, and it is hoped they will not have to, but the borrowing public must awaken to its public duty in the matter, co-operate in this big question fis it did in the big auestion of the war, or the banks will be forced to call loans. If everybody will reduce his loans by 6 per cent, cut down his s-urnlus stocks by that amount, there will be money enough to move the crops and necessities and so avoid what might otherwise become a crisis.

LIBERTY BONDS HAVE DEPRECIATED MUCH LESS THAN FOREIGN CURRENCY

MAV ! AUQ 101S JAN. tfi20 APRU. 1990 j ... , ., mmmm

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The chart shows the percentage of discount at which Liberty bonds, British, French, Italian and German currency have been selling in New York. It will be noted that while our currency maintained its full gold value our Liberty bonds, as well as the currencies of other countries, declined. This is because our money is now capital and therefore subject to no depreciation. Liberty bonds are subject in the market to the prevailing yield of capital. As the currencies of other countries decline those countries are obliged to bid higher and higher for capital, thus running up the world level of interest rates and causing the decline in the market price of Liberty bonds.

$1,325 In Gold Is Found In Old House at Greensboro Workmen excavating for a cellar under a house on the John C. Hardin farm, near Greensboro, between Newcastle and Knightstown, Thursday unearthed a jar containing $1,325 in gold coins, $1,200 of the amount being in $20 gold pieces and the balance in $5 and $10 gold pieces. It is believed the money was buried at least 40 years ago by the late Rachel Charlesworth, who was known as an eccentric woman. She formerly owned the farm and Mr. Hardin purchased it of her heirs about 18 years ago. It has often been rumored that money was buried on the farm. The money was found almost directly under the center of the house. The gold was well preserved, the .workmen declaring it looked like it had come from the mint. A great part of the money bore the date of 1878. A dispute has already arisen as to the ownership and Mr. Hardin placed it in a Knightstown bank to await developments. The workmen who made the find are claiming the money. Local attorneys were consulted and believe any heirs of Mrs. Charlesworth would have a prior claim.

Plies are defrayed by the government. Single men, while in training, receive $80 per month, married men, $115 per month, married man with one child S125 per month, and amounts ranging up to $150, depending upon the number of dependents. The men who are eligible for vocational training can secure further information by communicating with the

! Adjutant Harry Ray Post, No. 65, The j

American Legion.

News of the Counties

CAMBRIDGE CITY The 47th annual commencement of the Cambridge City high school will be held at Hurst Opera House, Tuesday, May 25, at 8 P. m. The following are the graduates: Lenora M. Beyers, Helen L. Barnes, Mesta Brumfiel, Dora M. Danner, Ethel L. SUnt, Paul C. Ferguson, Martin R. Dolan. Carl Dehays, T. Dewitt Schiedler, Thelma J. Leslie, Dorothy Moore, Herbert S- Jacobs, Mary P. Wooward, Raymond S. Boughner. Aletha E. Gaar, Karl R. Kocher. Dr. Edwards, of Earlham college, will deliver the address and the Milton orchestra furnishes the music. The Rev. Hogan will deliver the Baccalaureate sermon at the M. E. church Sunday night. The annual exhibit of the manual

training and domestic science work of the school will be held Thursday and

Friday of this week.

The K. of P. entertainment commit

tee will hold its annual Commencement Dance Wednesday evening, May

26th. Music by the Robert Williams Society Orchestra, of Indianapolis.

MILTON, Ind. About 50- members attended the annual roll call of the

Odd Fellows Wednesday evening. Mr

Frank Straver of Richmond was the

speaker of the evening. Harold L. Beeson, of west of Mil

ton. and Miss Jessie M. Lucas of

Straughn, were married by Rev. Mc Cormick at the Christian church par

sonaee Wednesday. Lee Florea, Miss

Kepler and Miss .Eulalia Beeson wit

nessed the ceremony. They will be at home after May 23 on their farm near

Bentonvllle.

mencan

Legion

N. Y. GLOBE RAISES PRICE NEW YORK, May 21. Owing to the increased cost of production publishers of the New York Globe announced Thursday that the price of the paper will be increased next Friday from 2 to 3 cents a copy.

Davis Writes Article on

City's Repair Shop System Few citizens ore acquainted with the efficient repair shop and equipment that is maintained by the city of

Richmond. An article written for the

American City, an engineering maga

zine, by Dell Davis, city engineer, gives a description of the municipal shops.

According to the article the city

civil engineer has had general super

vision of the street department since 1917. Since that time adequate hous

ing facilities have been secured for

the city equipment and most of it is housed in vacant parts of the electric light plant. In another, section a repair shop has been installed.

A large -forge, an anvil, a drill press,

an emery and vises, together with a full set of blacksmith's tools, were

purchased for less than $150. A fivehorse power electric motor furnishes the necessary power. A hose rack, on which fire hose used for flushing sewers is hung, is located in close

proximity to a large cannon stove.

On rainy days during the summer

months and in the winter the em

ployees are kept busy in the shop, making all necessary repairs. During the past winter all the equipment was thoroughly overhauled, worn parts renewed and thoroughly cleaned and painted.

rnese tew smiiea employees are

paid on a straight time basis, so work done by them in the shop in bad weather represents a saving for the city. Equipment previously discarded to the junk heap has been made like new, and the street department has been put On a systematic business

basis, according to Mr. Davis's article.

ANOTHER RICHMOND MAN SAYS "WONDERFUL HOW KIDNEYS WERE RELIEVED DY PEPGEN

You do not have to take the word of

uny person that Pepgen is a good

' ! ' I O . V. 1 J !.!

A windmill grinds grain into flour and then mixes and kneads it into dough for a baker in a European country.

to receive vocational training under section 11 of the Vocational Rehabilitation Law. The men are: Lloyd Arric Kellogg, 127 South Seventeenth street; Paul Fred Turner, R. F. D.; Carl Egbert Christy, 209 North Sixteenth street; William A. Folkner, 410 North Sixteenth street; Louis Dixon, 1203 Boyer street, and Clayburn McNutt, R. F. D., Greensfork. The law provides that while a man ie in training under the supervision of the Federal Board, the cost of his tuition, books, and necessary schooy sup-

Beauty is

Only Skin Deep"

but a beautiful skin is possible only when the liver and kidneys are active, and the bowels functionate properly. The secret of beauty as well as of health is to maintain perfect digestion and elimination.

eecham's Polls

help to preserve beauty and maintain health, because they influence liver, kidneys, skin and stomach to functionate in harmony and efficiently.

htomach, kidney or liver ills. Scores

of people right here in Richmond have indorsed Pepgen People who are grateful for the relief it has brought them. "If I had a dozen tongues I do not believe I could begin to tell near all of the good that Pepgen did me," says W. H. Crump, stationary fireman at the Pennsylvania Railroad yards, who lives at 408 North 16th Street, Richmond. "It is simply wonderful how it helped me," continues Mr. Crump. "At the time I started to take this most remarkable medicine I was suf

fering from deranged kidneys. My back ached me at times until I thought I couldn't bear it. In the mornings, when I got up, I would often have to sit on the edge of my bed for several minutes before I could move. Pepgen streightened me out. "It also helped my stomach. It gave me a good appetite. Ever since I have been taking Pepgen all my food agrees with me. No more sour, bitter tastes in my mouth. I can't praise Pepgen enough. I am so glad I have found a remedy that gives me relief." If you don't feel right try Pepgen. Pepgen can be obtained from any firstclass drugstore anywhere. Advertisement.

Sold by druggists throughout the world. In boxe 1 Oc25c.

A FARMER SEES NOTHING FUNNY ABOUT HIMSELF But Mack Sennett, the Comedy King, can show Reuben a million laughs that he never realized existed in "Down on the Farm."

Buehler Bros, Saturday Special

BOILING BEEF, lb 15c BEEF POT ROAST, lb .20-22c SIRLOIN STEAKS, lb 27c HAMBURGER, lb 20c PORK SHOULDER ROAST 22c VEAL ROAST, lb 24c SLICED LIVER, lb 5c PICKLED BEAN PORK, lb. 20c BEAN BACON, lb 25c BREAKFAST BACON (Sides) lb 35c SMOKED SHOULDERS, lb 23c Buehler Bros. v 715 Main St.

Have You Tried?

i is

I liiTTS IVf V vpTTi

IFF

fS 'nc uuw FAVORITE D'KENKY CO.

I LB. NFT M$

v ; 1

A REAL COFFEE FLAVOR KENNY'S MIAMI BLEND COFFEE is a selection of the choicest coffee beans blended by experts. In it you get the real coffee flavor and aroma a quality that but few coffees have at the price Kenny's sells for. It will stand comparision with the highest priced coffees. The next coffee you order be sure to specify Kenny's Miami Blend you'll know it by the red and blue carton illustrated above. Sold by all dealers. No premiums quality sell's Kenny's Miami Blend Coffee. Displayed in the Windows of All Merchants C. D. Kenny Co. 1 93-1 95 Ft. Wayne Ave. Phone 2602

474 I. U. STUDENTS WILL

GET CENTENNIAL DIPLOMAS

BLOOMINGTON, Ind., May 21.

That the centennial graduating class

HEARTBURN or heaviness after meals are most annoying manifestations of acid-dyspepsia. Rihoid5 pleasant to take, neutralize acidity and help restore normal digestion. MADE BY SCOTT & BOWNE

MAKERS OF SCOTTS EMULSION

of Indiana university will be the larg

est in tne 100 years history of the institution became known Thursday

when figures were given out from the

administrative offices showing that

4 14 students will receive sheep skins. One biliion dollars represents about 4,000.000 pounds of gold, or 2,000 tons. Four hundred five-ton trucks would be required to transport this sum. and they would form a line about four miles long.

. Masonic Calendar

Friday, May 21. King Solomon's Chapter No. 4. R. A. M. Called Convocation Work in Mark Masters degree. Saturday, May Z'i. Loyal Chapter. No. 49 O. E. S. will give a basket fupper and social to the mirbri families. All visiting members are welcome.

JH SHOE JS I j I KEEP YOUR SHOES NEAT CTjS

Joan the-, " jf df

MARSHALL'S Formerly the TV T? T)' HT OTfD U Eighth and 4 Railroad Store LJ 2j L 1 O 1 UJXlJy North E Streets

Still 20 Off on

Everythin

What It Really Means

To offer a stock of choice, seasonable merchandise at a straightforward discount of 20 is a movement so out of the ordinary as to demand an explanation. The reason will be found between the lines of the following statement, which appeared in the press the past week:

During the past year you, as the head of an average American family, was called upon to pay $240 extra as living expense, because of the high prices being asked by profiteers. A Government Agent Report.

The 20 discount is taken off already low prices A discount, no matter how large it may be, means absolutely nothing unless it is from a price that is actually low to begin with. For eleven months this store has been known as a leader in low prices not cheap merchandise, for it is dear at any price, but good merchandise marked at less than the usual margin of profit to secure quick sales.

This offer of 20 discount means greater savings coming from Marshall's than from any other Richmond store.

YOU MAY CHOOSE FROM OUR ENTIRE STOCKS NOT A CLEARANCE You may buy any piece of merchandise you fancy at 20 off the marked price, except overalls and work shirts and thread on which we will allow the most liberal discount of 10 and which we sell every day at about wholesole cost. New merchandise just received, novelties, staples anything thafyou wish at a 20 reduction. This is the broadest offer that could be made it includes everything and everybody it excludes no one. For all men, women and children will find many usable items here. Prices have not been marked up to compensate for this deduction, and such prices as have previously been marked down remain down 20 is subtracted from all. THIS OFFER IS FOR A LIMITED TIME ONLY "How long will the sale last?" is a question that is asked every day. Frankly, we do not know. It's such a tremendously expensive proposition to us that we reserve the right to withdraw it at any time. The idea of the merchants behind this move is to open such a bombardment on high prices as will break the wholesale market and reduce your cost of living.

To make this Sale go it's share. Buy now and save.

up to you to do your

A Partial List of the Items Included

Middies 20 OFF Curtains 20 OFF Window Shades 20 OFF Curtain Material ....20 OFF Women's Shoes 20 OFF Children's Shoes 20 OFF Millinery 20 OFF Women's Coats .20 OFF Waists .20 OFF Skirts 20 OFF Petticoats 20 OFF Undermusllns 20 OFF Corsets 20 OFF Baby Goods 20 OFF

Children's Dresses ...20 Sweaters 20 Boys' Clothing 20

OFF OFF OFF OFF OFF OFF OFF OFF OFF OFF OFF OFF OFF

Children's Hose 20 Notions 20 Spool Thread 20 Men's Clothing 20

Men's

Men's underwear .

Men's

. .20

Hosiery 20

OFF OFF OFF OFF OFF OFF OFF OFF OFF OFF OFF OFF OFF

Men's Pants 20 House Dresses 20 Women's Underwear 207o Children's Underwear 20 Cotton Goods 20 Dress Goods 20 Jewelry 20 Silks ....20 Women's Hose 20

Men's Collars 20 Laces 20 Embroideries 20 Ribbons ...20 Gloves .20 Handkerchiefs 20

-a