The Daily Herald (Weatherford, Tex.), Vol. 20, No. 151, Ed. 1 Friday, July 25, 1919 Page: 1 of 6
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VOL. XX. NO. 15V
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“Children’s Cloth Hats
‘Children’s Straw Hats
J^Boys’ Straw/Hats
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50c Hats for..........25c.
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65c Hats for..........33c.
75c Hats for .........38c.
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FURNITURE COMPAHYl
Undertaker* indl
» yaart’ experttinof la ttia Use.
Prompt tad ooarteoM treatment i
to OTorroDO. MOTOR HKARSH.
WEATHERFORD. TEXAS, - FRIDAY, J%%Y 25, 1919.
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NATIONS MUST WORK TOGETHER
TO SOLVE BUSINES8 >
PROBLEMS.
H-ttt I~ tttt H Hte tie* i i i iwwtmwwi
Bit Saturday Night Bali
Service And Satisfaction for the
Pest 29 Years
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-W0RTUN1TY WILL BE GIVEN
PEOPLE TO. BUY—.CHARGES
AGAINST BAKER*.
— .-:
1 My Associated Press.
ington, July 25.—A resolution
upon the war department to
for the immediate sale of
worth of the surplus
stock of army.foodstuffs is being pre-
today by the hoUBe war inves-
committee.
iufion, which probably will
aefed Monday, will declare
, fqr** Plan of fobd distributipn which
'' "insure an opportunity for the
of the United States to buy."
committee charges the secre-
war with holding the food-
MA the market to protect the
from which the
jnaiiy purchased.
■
44444444444-444 4 4
4 PRESIDENT GIVES REASON 4
4 FOR SIBERIAN EXPEDITION 4
4 - < +
4- By Associated Press. . 4
4 Washington, JIuy 25—President 4
4 Wilson today advised the senate 4
4 that the American expedition in 4
4 Siberia was there primarily to 4
4 protect and maintain operation 4
4 of the Siberian railroad, and'in- 4
4 dicafed that the expedition would 4
4 remain there as long as such 4
4 protection was necessary. 4
f Another purpose, the President 4
4 said, was to supply food and clo- 4
4 thing to Russians in Siberia. 4
4 There was no intention, the 4
4 President said, to interfere with 4
4 Russian sovereignty. 4
ONE STRIKE T.HE STRIKE-
BREAKERS WON’T BREAK
New York, July 25.—A strike" of
aerial mail pilots began today, the
first of its kind in the United States,
because the postoffice department
products discharged two pilots for refusing to
take out their planes -Tuesday in a
fog. No aviator appeared today te
take out the Chicago mail.
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Sir
Realty Caj
It * CRbfoe homes afid lots
in the city.
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Farms and ranches in
?SSJwru Johnson, aid in
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JjfSaS
Postoffice Box 203.
Pkefae Southwestern 341
4, Merchants & Fax-
Bank building
W,
k- £
Washington, July 25.—The Washing-
ton-New York mail plane left on
time despite the aviators’ strike. The
Cleveland-Chicago plane was delayed
one hour.
SERIOUS MILITARY REVOLT
IS REPORTED IN CROATIA
Paris, July 25.—A serious military
revolt is reported in Croatia, where
the Croatian troops have proclaimed
an independent republic. The troops
are leaving and the army is in a state
of dissolution. Thirty persons were
killed and many wounded in violent
combats at Marburg. At several points
the Croatians are fraternizing with
Hungarian soldiers. Serbian troops
are trying to suppress the revolution.
K*y d»*AM*ar.... * •* ■ AMHKI ; «NnH
S1216 me fit o f
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Condition
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Made to thb Comptroller op the Currency
June 3$th, 1919
Resources
Loans...............................^ 673,684.91
Banking House...................... 25,000.00
Federal Reserve Bank Stock.......... 6,000.00
U. S. Bonds and Certificates.......... 284,600.00
Cash and Sight Exchange............ 339,432.62
$1,328,717.53
f LIABILITIES
I Capital .. ......................$ 100,000.00
I Surplus anjt Profits.................. 128.963.81
} Circulation........................ 97,200.00
p Deposits..................*.......... 1,002,553.72
$1,328,717.53
} On the merits of this statement we solicit your bus-
Continuous growth is an evidence of satisfac-
service to our patrons.
>->*
New York, July 25.—To pool EJu-
rope’s needs of credit and commodities
on the one hand and to pool America’s
resources to meet them is a plan sug-
gested by James S. Alexander, presi-
dent of the National Bank of Com-
merce of New York, for rehabilitat-
ing European countries and enabling
them to reconstruct their war-stricken
industries.
Mr. Alexander is a member of a
committee recently formed here to in-
vestigate methods for supplying Eu-
rope with American money and goods
during the reconstruction period. This
committee was formed upon the sug-
gestion of Henry P. Davidson and Is
headed by J. P. Morgan as chairman.
‘‘A pool of Europe’s needs should be
met by a pool of America’s resourc-
es” asserts Mr. Alexander. “That is,
America’s resources should be applied
to Europe’s needs through a great,
centralized credit organization, with
extensive powers of co-ordination.
This may sound like an ideal plan
stated in ^weeping powers but I
think its details can be worked out
in practical, concrete forth.
"There seems to be no existing ma-
chinery adequate to do so. Therefore,
a special instrumentality must be set
up probably in the form Qf a great
credit corporation with capital enough
to handle transactions of a side thft
would be intolved, transactions rep-
resenting not merely the business of
individual concerns but the combined
requirements of nations.
“A necessary step would seem to be
that surveys be made of the commod-
ity needs of the nations of Europe,
that is, an estiamte of bow much cop.
per, steel, cotton, wSmaL and other
supplies would be required for Bel-
gium and also for the other needful
countries.
‘The supplies available in America
are great but they are not so great as
to meet unlimited and unbalanced de-
mands. Therefore there should be a
judicious rationing of our commodi-
ties among the nations requiring them
in accordance with their needs.
“In addition to this rationing and
allocation of commodities, there Is the
question of establishing adequate,,cre-
dits in this country to be considered.
The necessary credit will be great,
so that they must be carried to the
Investing public of the whole country
in the form of bonds or debentures.
Because of the deferred maturities
of’ these debentures, the banks are
noii to be expected to absorb them|
There vyill have to be an appeal to the
general public on the grounds of a
safe and lucrative investment and for
the sake of humanity.” Mr. Alexan-
der pointed out that this would be a
means of maintaining the buMpess
prosperity and integrity of America
and of protecting Americans from un-
sound investments in European se-
curities. . j j* iji 14 (.( f% ;.J 4* y. «•:*-
"Thfi Security behind these deben-.
lures should make them almost equal
to government bonds in point of safe-
ty,” Mr. Alexander said. “They must
be based on everything in the way of
collateral that Europe is able to of.
fer. The individual European buyer
must be prepared to give general
mortgage upon his entire assets. His
loan should be further enddfsed by a
consortion of banks in bis own coun-
try, reinforced where possible by gov-
ernmental guarantees. Thus every
debenture sold to an American invest-
or would have behind it equal security
consisting of the pool of all the col-
lateral of weak concerns or nations
individually by the American invest-
or; neither would the strong«be al-
lowed to monopolize the benefits.”
Mr. Alexander declared that suffi-
cient credits must be extended to
meet the full requirements either of
Europe as a whole of the nations of
Europe or of the individual indus-
tries. The full needs of Europe must
be ascertained and met, he said, and
this would make imperative an eco-
nomic survey of its requirements. The
rcedits supplied should be made avail-
able not to the nations of Europe as
such he added, but to the specific in-
terests within the nation^/, properly
uL-r
(7 TO 9 O’CLOCK)
Our special offerings for Saturday Night we think will be the best that we have as yet
presented. In our Dry Goods Department we are offering a lot of New Silks including
Chiffon Taffetas and Silk Serge, these are new goods and have just arrived, and will
not be put on display until Saturday Night. In our Ladies’ Ready-to-Wear Department
We are placing on sale for Saturday Night all Ladies’ Wash Dresses and a big lot of Silk
Dresses at Half Price. Our Shoe Department is offering an extra special in Ladies’
Cloth Top Boots. Our Clothing Department is offering Men’s Fancy Stiff Straw Hats
at Half Price, and is also offering for the last time Men’s Cool Cloth Suits at $5.95. Meet
your friends here Saturday Night.
Specials in Dry Goods and Motions Department
About 18 pieces silk, including Chiffon Taf-
fetas in stripes and plaids, and plaid silk
serge in various colors and combinations.
Tljese are all new goods, and will not be put
oh display until Saturday Night at 7 o’clock.
We are offering this lot special for Satur-
day Night only, per yard............$1.89
About 25 pieces silk, including plain and
Brocaded Repscord, and Plain Pongee, these
materials are very desirable for dresses and
skirts for early fall wear. Special for Sat-
urday Night only. Per yard..........79c
64-inch Mereerized Table 'Damask, special
for Saturday Night only. Per yard ...69c
Jewel Lingerie Braid, 10 yards to a bunch,
in white, pink, and blue, special for Satnr-
<fay night only. Two bunches for.....l5c
Specials in the Shoe Department
27-inch Nainsook in white only, put up
yards in a bolt, special for Saturday Niu
only. Per bolt .....................$1.35 *
Caranation Hair Curlers, six on a card. Spe- i
eial for Saturday Night only. Three card*
for .................................10c
Ladies’ “Oumfy Cut” Bleached Lisle Union
Suits, V-Neck, loose knee, closed gore, regu-
lar $1.00 value, special for Saturday night-.
Only per suit ____*..................00c
•f,: i’j5’*;, •>
Ladies Silk Hose in field mouse, light grey,
and white, special for Saturday Night only.
Per pair .....................'.. .$1.09
Black* Bone Comb, 7 1-2 inches long, 1 t-2
inches wide, special for Saturday Night
only. Each .............“............11c
31-
Jr.
31 pairs of LadiesV Grey Vamfv. Cloth Top,
Medium Lotris Heel Lace Boots, regular
$6.00 value, spefcial for Saturday Night only
per pair ....................$3.95
11 pair ladies’ Champagne Vamp, cloth top,
medium Louis heel, lace boots( regular value
$6.00, special for Saturday Night only. iPeF
pair .................. ...........:. .$3,95
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Specials m Our Laics’ StStg
All ladies’ wash dresses, organdies and
.voiles, plain white, and colored, values up
‘to $27.50, special for Saturday Night only
at ............... ....... HALF PRICE
One lot silk dresses in Taffetas and Geor-
gettes, special for Saturday Night only1,
at ............... ........HALF PRICE.
One lot Georgette Waists, regular $6.50 and
$7.50 values, special for Saturday Night only
each ....................-.........$3.98
One lot ladies’ waists of Crepe de Chenc and
Georgette, special for Saturday Night «hly,J
each ..............................$2.39
One lot white wash skirts, regular $2.50 val-
ues, special for Saturday Night only!' at
each ..............................;$1.0tt
One lot white wash skirts, sphchrl Sat-
urday Night only at.........HALF PRICE
i. , . ■ a:
SPECIALS IN CLOTHING DEPARTMENT
» . 1 ■ ‘ * ' ' ‘ *•”' w‘j-
Saturday night we place on sale all Men’s
Fancy Stiff Straw Hats, We have only a
few left. At only HALF PRICE.
Saturday night will be your last chance
to buy a Cool Cloth Suit at $5.95.
(Ml
co-ordinated, that ie, to industries,
manufacturers, transportation lines
and even to municipalities requiring
funds for reconstruction.
To put this plan into operation, Mr.
rnt storl wan r//i goolu
—
Ml JL }yrioj>:maji tigi‘btylh. -«u: .ij.
■! 0 **»»■*
Alexander said, there would have to
be “this scientific survey of Europe’s
needs,” willingness of individual in-
terests in Europe to co-ordinate their
demands, to furnish satisfactory col-
lateral and to pay American rates
rather than European rates on loans
made by the proposed American cor-
poration.
“From the American point of view,”
he said, “this plan is predicated on
the willingness Of American produc-
ers and manufacturers to co-ordinate
their selling plans, forming commodity
groups and permit the allocation of
their products to places and in sums
according to need. Another factor is
the willingness of the American pub-
lic to buy the debentures at a reason-
able rate of interest. Still another is
the co-operation required on the part
i»f American banks to subordinate the
investment opportunities to the gen-
eral situation and not attempt to skim
the cream of European investments,
Without this proposed organization
said Mr. Alexander, American invest-
ors would have thrust upon them a
large number of issues of varying-val
ues, some based on the best collat-
eral and some on collateral of very
uncertain value. His plan, he point-
ed out, would be a means to protect
the American people from unsound in-
investments in European securities.
“I believe that unless some broad-
minded scheme of this sort is adopted
there are grave times ahead.”
Mrs. Alexander pointed out that un-
less a means by-which America and
Europe could work together in solv-
ing the problem "unsettled business
conditions in Europe will still grow
worse and inevitably extend to the
United States.”
GREAT BRITAIN’S BIG
COAL 8TRIKE SETTLED
London, July 25.—The strike of ap-
proximately 250,000 men in the coal
which ttyey might be well able td dp mines, which threatened to paralyze
account of their close connections nuahy British industries, was settled
abroad. today.
GERMAN BANKERS ALREADY
NEGOTIATING FOR BIG LOAM
By Awnortated Preas. •
Berlin, July 25—Negotiations of thte-
Deutsche bank with New York finait-
cial institutions for a large loan qf
unnanounced proportions is prooee^
ing favorably, it is officially announc-
ed.
, i
By Associated P«-e*a.
New York, July 25.—A canvass of'
international banking bouses here
failed to elicit any information con-
cerning the Berlin report that a Ger-
man loan was being negotiated in >;
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New York. It is understood, however,
that the Germans are endeavoring to*
place a credit of $100,000,000 In this*
country.
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Nolan 1
, ATTORNEY-AT-LAW
Civil nn#Crin»li‘
il, .
western Telephone Building.
-Wcatherfor* Texas.
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The Daily Herald (Weatherford, Tex.), Vol. 20, No. 151, Ed. 1 Friday, July 25, 1919, newspaper, July 25, 1919; Weatherford, Texas. (https://texashistory.unt.edu/ark:/67531/metapth646225/m1/1/: accessed July 13, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; .