The Post-Crescent from Appleton, Wisconsin • 5

-Tuesday Evening, September 23, 1930 APPLETON POST-CRESCENT Page Five free acts this year will be put on WitiKO-CO FAIR She Scratched these numbers there will be dancing, acrobatics and comedy gaiore. Thousands of fine exhibits will be on by Sbee Noo, the Indian bard, who Is returning to Oshkosh for the fourth consecutive Xar. aaejeij- OFFERS FREE ACTS Many excellent free acts will be staged In connection with the 1930 breaking a record for consecutive re- Wisconsin asks 29 questions about man reparations loan, as well as stabilization of falling commodity prices. REACH CONCLUSIONS It ia now learned that while all of those matters were considered, the central bank heads quickly came to several fundamental conclusions. One was that there was no gold of gold stocks, over which they could exercise but slight control.

A second conclusion they reached was that it was not the function of turns of this nature. "JtftoTr rrW every baby born In the state for Wlnnebago-co fair which opened to MYSTERY STILL VEILS VANISHED HEW YORK JUDGE Maze of Conflicting Clews Obscure Trail of Justice Crater its official birth records. ret will be presented by Hannon's herd of elephants. In addition to i 1 day at Oshkosh. The fair will continue for four days, through Friday.

In addition to the program of free entertainment the fair officials have arranged a schedule of horse races in which some of the finest racers of the state are entered. One of the central banks to attempt to regulate commodity prices and that. In any r- event, such attempts would inevit ably fall. A third conclusion was that one of It's at Bellings 4J the principal economic ills from BY PRESTON S. KRECKER Copyright, 1930, By Cons.

Press Wan Street, New York (CPA) As a result of disclosures by a high which the world was suffering was a shortage of long term capital and that such shortage was a potent fac -7 7 term funds would be created and abnormally cheap rates prevail. That policy thereupon was launched here and abroad last spring and has been successful, notably so this country and more or less so in the foreign money markets. Here it Is visibly apparent in a revival of tor In restricting purchasing power In consideration for our friend, the late Matt Schmidt, our stores will be closed Wednesday morning, September 24th and causing a shrinkage of trade and a decline In commodity prices. banking authority it Is possible for the first time to give an authentic account of the evolution of federal reserve policies during the current year and to relate what the motive A decision then was reached that the bond market, the largest volume central banks could and should ex exert their influence towards correct' of new bond financing In several years and highest prices for long ,1 i SIG PUBLIC DEBT TO BE REDEEMED BY USMN MARCH Congress Finds Itself in Position No Public Funds in Grasp BY J. C.

KOTLE (Copyright, 1930, by Cons. Press) Washington (CPA) Congress has been provided with a pair of fish hook pockets, but It Is doubtful whether It realizes it as yet The latest move of the treasury department in announcing that a billion and a quarter dollars of the public debit will be called for redemption next March has left congress in a position where it can put its hands into its pockets but cannot take them out at least not with any large volume of the public funds in its grasp. There is no restriction on the amount of the public debt that the treasury department can retire within reason. But if that money is not in the coffers, congress cannot well appropriate it. Consequently a campaign of economy is strictly within the possibilities of enforcement.

Of course, one thing than can be done Is to increase the income tax This would in funds which could be appropriated but whether it would be regarded as a wise political maneuver is another question which congress must answer for itself. REED FOR INCREASE Senator Reed of Pennsylvania has declared that 6uch a tax increase is inevitable. There is a general im ft 4 forces behind them have been. ing that shortage of long term cap term bonds since 192S. Commercial Vhera people go to have prescriptions accurately filled.

Where Lawrence College students have found a strategic headquarters to make purchases. Where the finest in writing equipment la arailable. Whera cosmetics, candies, cigarettes, and the like are always exactly right. Where you should visit now. ital in the hope that thereby they banks corporations and Individuals finding 2 per cent call money, 2) per A cent time money and other propor would indirectly 'accomplish what they agreed could not be directly achieved; namely, check the decline In commodity prices and the slump When It first became apparent to federal reserve executives that a major business depression had developed, the question was how best could the central banking system assist In bringing about a revival.

It tionately low short term loans un profitable, are buying bonds. NT It can be stated that the federal in trade and industry. SOUGHT BOND MARKET was recognized that the depression reserve policy will be continued In i v'jiitely. It is realized that the time was world-wide in its scope and that international banking cooperation It was determined that the best way to bring about diversion of element is important. The bond mar was necessary to effect a change for money into long term loans was to the better.

In order to achieve such make short term rates so unattrac Bellings cooperation. Governor George Harrison of the New York reserve bank ket cannot be made robust In a iny. There Is every reason, therefore, to believe that money conditions will favor the market for long term loans for months to come. tive that capital of Its own free will Appleton Army Store Behnke's Cameron-Schulz Ferron's Geo. Walsh Co.

Hughes Clothing Co. Otto Jenss Harry Ressmann Sigl Brothers Silverman's (Thiede's rlfcl 1 would flow Into long term employ made a -visit abroad last February to confer with the heads of the Bank of England, the Bank of France and other important foreign Institutions, ment. In short, what the bankers decided was that a good bond market should be created. That could be Drug Store The Prescription Specialists' 204 E. College Phone 131 done, they agree, by reducing dis Owing to the lack of publicity attending the conferences, some misleading ideas received widespread currency.

It was surmised that the 3 Jocelyn Lee, movie actress, who married Luther A. Reed, director. "Bog-Rid" SILLS ROACHES House and Grass Ants. In powder form sifted top ting. Trial tins 35c Household size tins $1.25.

AT ALL DRUG STORES. Avoid Substitutes, three months ago, now faces a di central banking authorities were con vorce suit filed by her husband, who count rates, and by open market operations in purchase of bank bills and government securities, thereby liberating large sums of reserve capital and keeping the supply of money so abundant that a plethora of short KM accuses her of possessing an uncon eerning themselves with an alleged shortage of monetary gold stocks and the successful flotation of the Ger trollable temper. His attorneys say he was forced into retirement for pression among the banking fra more than a week to conceal scratch es his pretty wife Inflicted on his ternity that Andrew Mellon, secretary of the- treasury, and his departmental associates do not agree with They feel that the investors of America can be counted on to ab- VALLEY BUTCHERS TO CONVENE AT 0SHK0SH soro me reiunamg issues wunout difficulty. These refunding issues will be long term "stuff" and will El Boys' Seuffer not be to the billion and a quarter in bonds called for March The offerings at that time probably 10S Meat cutters and butchers from i the state are expected to attend the state-wide conference at Oshkosh the first week in October, according to J. P.

Horn, Fond du Lac; president of the Fox River Valley asso will total a billion and a half. The reaction to this policy of the At The Clock or Brown treasury has been somewhat varied Fits Si te but a goodly portion of the banking fraternity are strongly in favor of ciation. era it. In the first place, they feel that PS Three important issues are to be discussed, namely, unemployment, free) Souvenirs I for tlie 1 Children such an offering by the government would stabilize the investment se wage scales, and the packers' con FREE Hosiery lilt Hu vlll fc (in away PRE! vita a a a ar lMa al ar Sim stant decree. curity market as nothing else could.

Naturally the treasury anticipates financing this refunding operation at a lesser rate of interest than that portion of the debt called now In volves, but the new offerings will WHEN A CHILD IS FEVERISH, be long time securities and will clear Children's Stitchdowa 116 E. College Ave. Appleton! Wis. the way for the shorter maturity is sues of the Industrial and commer BOSS CR0SS.UPSET Women's 1-Strtp Leather Houie Slippers cial companies. It is obvious that treasury depart ment officials expect a fairly sound investment position in March or they would hesitate to "hit" the market with an offering of such Colic, gas, sour oelching, frequent feverish size, despite the heavy over-subscrip' ness, in babies and children, generally tions of recent government issues, si If the bond- market Is sound, it is a corollary that the stock market will also have "found Itself," since HHMssUfcJ idf LtM HaNatMaSa WWatttMMk show food is souring In the little di gestive tract.

1 r- bargain hunters are not likely to When these All Sm 3 to "Save-on Ymw Shoes" overlook an opportunity such as this symptoms appear, give Baby a i offering would disclose. spoonful of Phillips Milk of Magne The trend has already made itself sia. Add it to the first bottle of food apparent in, some lines. Leaders in in the morning. Older children should be given a tablespoonful In a OKf wo the insurance world, who control the heaviest buying ot securities of any individual class, forecast a trend toward preferred stocks, especially glass of water.

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