New Castle Herald from New Castle, Pennsylvania • Page 4

NEW CASTLE HERALD Fridaj, May 25, 1925 A STORY WITHOUT WORDS TODAY'S BIRTHDAY, FRED AY, MAI 25 JOHN BURNS. West Washington street, coal dealer F0UK THE NEW CASTLE HERALD Established 1853 Published Daily Except Sunday THE HERALD COMPANY A Corporation NO. 40 EAST STREET BOYD, J. M. GEORGB Jeneral Manager Editor MEMBER ASSOCIATED PRES3 Sntered as Second Class Mail Matter at New Caatlo, Pennsylvania.

TELEPHONES: Editorial Rooms Both Phones 35 3uslness Office Both Phones 30 Single copies 3y carrier by the week By carrier by the year By mail by the month By mall, 3 months $1.25 By mall by tie year B- CAPITAL GOSSIP BY CHARLES BROOKS MTTH, Herald Correspondent WASHINGTON, D. C. "May 25. "THERE IS NO DOOR IN MY THEATRE THROUGH WHICH GOD CANNOT SEE." That was Edwin Booth's reply to a clergyman who wirihed to see Booth's Hamlet, and, afraid of the censure of his parishioners, had the poor taste to ask Booth if he might not enter by some side door, unseen. Joseph Jefferson adds bis testimony that Booth's theatre was conducted "like a church behind the cur nor could the big staffs be cut down rapidly, nor the Lig, expensive buildings be disposed of.

How The Earnings Slumped An example of just how this worked out is 6hown by two years of th operations of the Federal Reserve Bank of New York. In 1921 this bank had net earnings of with expenses of $8,000,000 In 1922 earnings had, dropped to $3,000,000 but expenses were Here was a falling off of $23,000,000 in earnings and a saving of only $1,000,000 in expenses. It will be seen that it was costing almost as much to run a bank practically dormant as it cost to run a bank that was doing a big business. Now the officials are seeing that if the banks are to pay their big expenses they must make money. It is the natural disposition of the officers of some of these-banks to stay in the market, encourage rediscount and drum up business so they can make the interest and keep going.

This is contrary to the theory of the Federal Reserve Act, It is like us- Friday, May 25, 1923 So there is precedent for Fred Stone. Truth Is sometimes granger than fiction, and always more interesting. Fred Stone's recent stand for Christianity Hnd his ni.nvnlA clotamont nl ing a fire engine between fires to the Metropolitan Opera House when run a sawmill, in oiuer iu c- he "steDDed out of a. bu and win to 'do a Billy Sunday," as Walter MUFFS BY THE N. C.

"SNOOZE5" It is again the painful. duty of The Herald direct attention to newspaper values as they exist in New Castle. The whole world knows that Bonar Law quit his job as prime minister of England last Monday. But, according to our esteemed contemporary, rumors had just begun to float around in London yesterday that Law might resign after he comes back from a vacation. This v3 the information contained in story published in the other New Castle paper on the last page of Thursday's issue.

The headline "Bonar Law to Quit, Current London Belief." Subheads said: "Will decide shortly whether he is to retire or to stay in office," and "Health Unequal to Aggressive Tolicy; Opinion is He Will Pick Own Successor." Then followed a half column or more telling ot what may happen if Mr. Law resigns. The story was purported to have been cabled from London yesterday morning. The facts are, as readers of The Herald know, that Bonar Law came hack from his vacation last week, that he quit his job Monday and that Lord Stanley Baldwin has been premier of England since last Tuesday. In the same Issue is another slight inaccuracy.

This one occurs in the publication of the photograph of Governor J. A. Preus of Minnesota and Lieut. Governor J. L.

Collins. Readers are informed that Governor Preus resigned and upon Lieut. Governor Collins' taking office as governor the former 'chief executive was appointed United States senator to succeed the late Sen. Knute Nelson. Nothing could be farther from the truth.

Preus did NOT resign and Collins did NOT succeed him and consequently the former was NOT appointed United States Senator. Instead Governor Preus called a special election to name Sen. Nelson's successor. The primaries will be held on June 18. Kingsley described it, is a brave thing, and that it is strange for a man to take an encore for God, so to speak, is more of a reflection on men than it is on Fred Stone.

To Fred Stone it la not at all surprising that one whose life has been so blest as his, should turn to the Supreme Being. penses. What Governor Crlssinger faces is the difficult task of cutting down the expenses of these institutes, so they will be able to mark time, so to speak, between periods of money stress, holding themselves In reserve acting in fact as reserve bahks. The Federal Reserve Board has a committee now at work on a survey of the Federal Reserve Banks In an effort to ascertain what economies in management can be effected. One Important avenue seeni3 open the free services performed by Federal Reserve Banks for member banks.

During the bustle of the last decade, the Federal Reserve Banks have built up valuable facilities for performing Important services to their members. These fall Into three principal groups. First, the collection function, second, the storage function, and third, the communication function. The Federal Reserve Banke have Much of the surprise of tho 6,000 gathered in the Metropolitan, and thousands on thousands in Stone's audience reached by the preea, is due to the fact that men rarely discuss their conversions in public. Men of Fred Stone's type, at least.

We read about the spiritual struggles of a man In fiction, but when truth conies from some one we know it is far more lasting and now confronts the system, that Is, whether the 12 Federal Reserve banks actually shall be banks of reserve or active, operating banks. The original theory of the Federal Reserve Act was that those 12 The Dormer Window i This one was quite badly muffed, indeed. in ereerr ferret- er ee rre eee rr ee ee eee Among the other "hot news" we, fine that during the Revolutionary war Many an amateur gardener grows May flowers bring June weddings. nothing but disgusted. "Much, too sacred to wed as copy," said Stone some weeks ago to newspapermen.

Yet that very statement made copy for front pago space in Metropolitan dailies. About the most popular person on i A fine way to ruin an old hat is to buy a new hat. Statistics show very little unemployment. This is great news for "People Carried Guns While at Their Work" (see page 12), and that "Shakespeare's Works Printed After Death" and that "This Explains Why Sky is Blue" to say nothing of the astounding revelation that "Worms Called the 'Mother of Diets' Sb endeth the second lesson. Moral: The best 3 cents' worth of newspaper in New Castle is The New Castfe; Herald.

earth iu a sleepy chaperone. i Pretty soon farmers will bo planning picnics to make it rain. June college graduates. About all some of our citizens Join Teas wind which carried a store to town may have banks should occupy a position in relation to the credit of the country comparable to the position a fire engine occupies to the building of a coramunity. It was the plan that the banks should come to the aid of the financial community in times of stress, and that, in the intervals, they should remain practically dormant.

The history of the Federal Reserve System has been en exciting one. The 12 banks opened in the autumn of 1914, not long after the European war had broken out. The opening of th'e banks was in the midst of unparalleled disorder and excitement In the financial world. The New York Stock Exchange had been compelled to close because of the panic conditions and all over the world the bankers and business men were in doubt as to what would i one of these trade winus. been acting as collection agencies for the member banks, collecting notes, drafts, bills, without charge of any kind.

They have been furnishing storage space for the safe keeping of securities owned by member banks. This Involves vault space, handling, insurance, and such items. The twelve banks maintain a network of telegraph wires over the whole country and make telegraphic transfers of funds for member banks. All these valuable services are performed without charge to the banks. In 1922 it cost the Federal Reserve Bank of New York nearly $750,000 to perform these services.

It is expected that Governor Some neighbors will take anything jn at church is the singing. A man's affections are'never stolen when kept where they belong. Some of these spring autoisU think a train should tako to the woods when it sees them coming. When a man thinks ho has found a Jewel he gives her one. QUESTIONS AND ANSWERS except a hint.

Artificial bait may not catch fish, but it catches fishermen. Burn spring cleaning rubbish. Do not sell it makers. Thev call it strawberry shortcake But as to truth and fiction contrast Stone and Bob FuUer, the wonderful study of a man's spiritual life Sheila Kay Smith haa given us in "Green Apple "I an't help thinking heTl find as much trouble on his way to God," it is written of Bob Fuller, "as ever he found on his way to tho devil." And he did. Misunderstood, persecuted, and suffering, he comes to a death which approaches martyrdom for telling of his conversion.

That is fiction. Truth gives Fred Stone, a rich man growing richer weekly, one of the topliners in his profession, and his conversion has been a subject of nationwide comment. He "stopped the show" in Nowj York when he delivered his message that he had "ceased to be a passive sort of a Christian and become an active worker for God They were stunned and awed but profoundly Impressed. YOUR OLD AGE Julian Eltinge, world's greatest female impersonator, weighed 214 pounds when 22-inch waists became the fashion. "I got my waist down to 22 Inches all right," he reminisced.

"Tho Lord knows how I did it. You could stick pins in my legs and I didn't feel' it. The circulation was completely shut off. It's a cinch now. The wide, loose waist-line would let me get away with murder.

But I don't weigh as much as I did then. Only 165 now." Q. How long will our supply of lumber hold out? L. D. L.

It Is all right to hit a fly when he Is down. inger and the Board will work A. The Forest Service says that it i impossible to estimate how long some kind of an arrangement where by the member banks will pay the happen. The advent of the Federal Reserve banks at such a time steadied American business and doubtless went fai toward preventing even moie serious consequences than were apparent. The opening of the banks in such because it doesn't last long.

1 Time for propheteers to predict a small cantaloup crop. What's worse than a one-amied man trying to tell about how big a fish got away? It is nice for colleges to teach everything, but graduates shouldn't think they know everything. In our funny language, the ball( our timber supply will last, but says that the forests of the country are being used up four times as rapidly as they are being replaced and that the end of the merchantable supply of timber from the southern states is in sight. Q. When did Buffalo Bill die and where was ho buried? A.

B. an emergency was a Godsend tq the These one-man straw tops the men are wearing need twj men to handle them on a windy day. Talk may be cheap, but cheap thinks don't pay. When two young people get their heads together they are danciDg. Is coming and then tho leathers will earn enough money to When a man tipping the beam at I country, but was unfortunate for the banks.

Tho whole idea of Federal Reserve banks was new in chis 214 pounds can get his waist down to 22 inches, anything is possible. country. It would have been better for them had they had an opportu I I i-' Hi. t.L .1111 uiv 1 11 Hill i i( A bigger problem than reducing January 10. 1917.

His nity to open in peaceful, normal costs of these services, thus a heavy load off the Reserve Banks. Now the Reserve Banks would have to do a lot of business to earn Interest enough to pay for these free services. The fire engine would not have to saw a little wood. Meantime, it might get tied up, with its belt atached the sawmill when a real fire would break but across the town and it would be late getting there. A Federal Reserve Bank conceiveably could get its funds tiod up in investments, made to earn enough to pay the high overhead cost of free services, and be slow in freeing its fund to meet the readjustment of rediscount demand, the primary function of such a bank under the act.

team which ranks the lowest is his waist-line Is ahead of Eltinge was placed in a tomb hewn rankest ball team. teach on again next year. All golfers may be liars, but all liars are not golfers. irom me rocs at tne top i iookoui Mountain, near Denver, with a monu- times so they could have time to gain experience and equilibrium. Instead they were plunged instantly in the midst of the most extreme and abnormal conditions the country lias ever kuown.

liuy Institutions at Once, Immediately the banks had to begin functioning at full speed. The demand of the member banks UDon NfeW CASTLE THIRTY YEARS AGO TODAY "I seem to hear a voice speaking to says Bob Fuller. "Not a terrible Voice, nor a voice like a minister's. And it said as God ain't shut away from us up in Heaven, but He's down here. He's in the fields with the young corn, and with the animals caring for their young, and He's in you and me there ain't no way of getting away from Him.

"And then I thought of the Scripture what says, 'If I go down into hell, Thou- art there and I saw ittle Benny's mental figure to mark the 6POt. Q. How much lower is the district of New Orleaos than the river level? H. U. T.

A. The Mississippi River is about one-half mile wide in front of Canal street at New Orleans. The city lies about 10 feet below the level of the NotedtJooK Miss Anna Young and Joe Fareu bach were maried in the home of the I them caused them to begin their re- discounting operations at once. Tbe Wool Get. Out The Knittinjj Bag, gulf anJ it is so far below the level And Needles ot high water in the Mississippi tnat is protected from overflow by levees Right now Is the time to get busylthat ''a's I never go to one or two hrleht SwatPr for hell, 8 tho only hell I was scared one or two bright sweaters for real name, William Julian Dalton, by the way.

The problem ahead is old age. -Eltinge has been Impersonating merry widows for quite a while. Double chins and stiff joint3 cannot be, dodged forever. He" knows it, Is frank about it4 His has been a prosperous "career. He could quit, never do another tap 'Of work, and live off the fat of the land.

But he wants to keep on working. Female Impersonation will be out of the question. He's a he-man, by the way, with an uppercut that would qualify him as a pugilist's sparring partner. -'Mlefe's his decision: 'I want to keep going. I like to travel.

I figure i' can keep up concert work till I am 60 or 70 years old. Some of my opera friends tell me I have a bride's parents, near Wampum. The Social Shooting Club enjoyed a shooting on the West Side grounua this afternoon. Mrs. S.

E. McCleary is attending the Commencement Exercises at Geneva College, Beaver Falls. twenty feet high in places. became busy institutions over night. A pewly organized fire company should ave an opp.ortunity for practice drills and a chance to tost its new equipment, but here was a case of one lpng fire that lasted seven of was being without Q.

In a poker game in which two on the summer. You can't have too many of them and they are inexpensive and easy to make. The prettiest styles this year are decks of cards were used, the deck? became mixed to an extent and one This aftirnoon I felt like hot going back to skool, and I tried to think up some good ixtuses wile I was eating my luntch, thinking up some that years. player, after A. had opened witn a Right through the war.

years and pair of kings, he found after tht then -in the period of business boom draw that he had three two sounded good to me ony they prob-erly wouldent of to ma, and after a wile I sed, ma, I feel awful funny. with subsequent depression, these of which were diamonds. Another NEW CASTLE TWENTY YEARS AGO TODAY A much potent plea for Christianity in our day than the doctrine of the fire and brimstone lake preached by the eminent Rev. Dr. Reed recently In an address in South Celifornla.

He expressed the opinion that there is more evidence relating to the reality of hell than any other one thing In the Bible, and urged that more sermons be delivered on the subject. Preaching hell's fire and damnation, we venture to say, will not touch i ou dont look eny funnier than new banks had to operate at top speed. As fiscal agents of tho government, they had to bear the brunt usual, my sister Gladdis sed. pictured in the Knitting Manual cf this Bureau which has for free distribution. It was prepared by th Fleisher Yarn Company and the styles and directions for making are authoritative.

Even though you have never made a sweater before you can go right ahead. This booklet describes and illustrates the proper and easiest Who asked you? I sed, and ma of the Liberty bond distribution and sed, How do you meen, funny? perform all manner of, service for Well, funny, I. sed. Not funny player had a pair of aces. Whitt becomes of the pot? L.

P. O. A. The usual rule in all card games is that if a pack of caids is found imperfect all that on the deal is called off, but the r.suit on all previous deals stands. In poker, in some games, it is ruled that the imperfection must be shown and proved before the draw is corn- the banks.

They had no respite un enuff for medicine, jest funny enuff nan me nearcs iuuuuw chjiw i voice. So I'm going to taKe a chance." Eltinge is educating his voice The homo of J. R. Shearer was the scene of a happy gathering when Mrs, Shearer entertained to celebrate his 38th birthday; The new Mahoning Presbyterian church was dedicated with fitting services. Rev.

M. W. Keith was the pastor. Mr. and Mrs.

J. C. Wallace, Wallace avenue are spending a few days in Philadelphia. mm- A four nwiTfl Yearn fii iemaie piete. otherwise an unscrupulous way to cast on stitches, to knit plain to purl, to increase, to decrease, and to bind off.

Send for this booklet today and add another beautiful garnient to your summer wardrobe. Enclose two cents In stamps for return player might tamper with the deck and make it Imperfect while tne betting was going on, if he saw he was about to lose. to stay home thia aftirnoon, can ma? I sed. Certeny, ma sed. Me thinking, herray.

And 1 sed, 111 jest stay in the house quiet, and after a wile maybe III feel all rite enuff to go out. no, I think good fresh air Is the best thing for you if you dont feel well, ma sed, and I sed, do you meen I awt to go out rite away, do you meen? -j Yes, fresh air and exercize, ma sed. You'll get all the fresh air you simple etory. The new religious thought "Finds tongues in trees, book in the running brooks, pennons in STONES and good in everything." There is a trend to religion. We find papers like the Manufacturers' Record backing the Bible from a business standpoint Tho publishers' lists show Increasing number of i i 1 1 I.

4vi- IN Impersonation, then off go his stage skirts forever. And when they are put away in mothballs, Eltinge will have his voice ready for his new line ot work. Instead of waiting for Father rime and the public to tie a can to til about a year or 18 months ago when American business finally settled back to something like normal conditions, at least so far as bar.k ing and currency are concerned. Here is' where the rub came. In the first years of intense activity the new banks got into the haibt of operating.

They had no previous experience to guide them. These abnormal operations were the only basis they knew. Necessarily, they built up large staffs. The Federal Reserve bank of New York alone ha3 3.000 employes. The largo volume of emergency business they had been doing during these years brought In big earnings many millions every year.

This combination of circumstances led the officers of th banks to espect constant activity and bic returns. No individual, of course, makes any profit out of a Foderal Reserve bank. The excess earnings1 all go directly to the government, Frederic Hakln, Director, TnE NEW CASTLE HERALD INFORMATION BUREAU Washington. D. C.

I enclose herewith two cents in stamps for return postage on a free copy, of the Knitting Booklet DOORS On religious lUOUKUi, uiu jvai a i increase being something amazing. Men like Christopher Morloy, who. starts out to write a book of easay on "Where the Blue Begins" and ends with such of combination of lit- want out in the yard, and for exer-j cize you can dig up the weeds in the grass plot, goodniss knows theres enuff of them to keep you bizzy all aftirnoon, she sed. Me thinking, Aw, wat the heck. jAnd I sed, All rite, ony I think Im i feeling pritty good agen now, so may- erature and tneoiogy mat mmai.

Nance Street UCF A 1 11 1 11 11 A I. 1 1 1 1 1 iu OIYVUl U11V1 all aa UVb ivr iujn cuj uimg A but in times of big earnings operat- him, lie's going to retire himself, beatem In -preparing for the inevitable, he displays foresight that is very scarce among actors or the rest of us, for that matter. There are many sorts of occupations for which a man is unfitted looner or later by his age. A woman, likewise. How many are preparing themselves to take up a new line of endeavor when the referee counts them out? How many are even saving systematically so they will be independent financially when roung newcomers crowd them out of their chronic jobs? How about yourself? At what age will you be "through" In the work! you are following? And what wouldent want to miss, wat do youjnjjr expenses mount up WTien the; City State' think, ma? end of the period came, th attitude of mind could not instantly change Well, of corse if you think you feel well enuff, but I dont know, on the other hand it mite be better for you be properly called 'Literature awd Dogma'." They are applying it to everydray life, not saving it for Sundiy.

Could you think of rellgio in tlie hot. stuffy tube of a crowdej Subway Express? One of our minor poets did called it "On a Subway Express" Because It' Is so apropos of tho new trend hero It is: "I who have lost the stars, tho 'end. For chilling pave and cheerless night. Have made my meeting-place with God A new and nether night. A figment in the crowded dark My iwobitb stoeies i hy nmN 8.

coivb. if you stayed home and dug the weeds, ma sed, and I sed, Aw, rrfa, I feel grate now, I havent felt this good all week, I gess I better go to Daily Poem INCURABLE By BERTON BRALEY THERE'S a guy across the alley has a flute (Toot! Toot!) And that instrument, it seems, is never mute. There is nothing any cuter Than a truly clever tooter Who's been tutored how to too upon the flute; But this bird is far from skillful, And his piercing notes are shrillful, With a maddening effect upon the ear; And we shudder and we shiver, And our nerves are all aquiver At the devastating discords that we THERE'S a guy across the alley has a flute (Toot! Toot!) If he plays upon it longer we shall shoot! Not a single note's a true one. Every warble is a blue one Like a screech-owl with a cold who tries to hoot. Oh the sounds that he's emitting Keep our teeth forever gritting, He's a pestilential nuisance, that galoot; And each day he toots it longer, As his lungs are growing stronger With the exercise he gives 'em oo that flute.

OH the guy across the alley HAD a. flute. But we calmly went and massacred the btuie; In the grave we sought to hide him, With his instrument beside him, But I've heard it said by people of repute, That a sound to chill the tissues Nightly from the graveyard Issues, It's a ghostly shriek that makes the timid scoot; And it's said by tnose who hear it It's the young man's stubborn spirit Which is playing ghastly discords on the flute (Toot! Toot!) Making other corpses restless with his flui! (Copyright, 1938; NEA Service, IncJ, A LITTLE BED TIME TALE seizes on this for her cue. Gently skool. Well, all rite then, if you're quite sure you're all rite, but I dont know, she Joggles her great neighbor's el bow.

If you have for a friend a who Is slightly deaf, it is proper ima sed. And I quick finished my "I beg your pardon, sir," she says, to tell this story to him, adding that are you preparing to take Its place? 'Tut are you fond of bananas?" you were present when it happened. As a matter of fact, it has been at We get old oh.so fast. The years slip by before we His Reverence inclines a stately head In her dinecti-on, at the same tributed to every distinguished churchman in this country who is time cupping his hand behind his ear. Where men sit muted by tho roar, I ride upon tho whirring Spark Beneath the city's floor.

"WTiat did you ay?" he asks. hard of hearing. However, It goes whooping corcH Blushing, tho young woman raises her voice: "It's really of no consequence," she better, I think, when you make the central character a bishop by preference a very dignified bishop who is attending a dinner party. You that 'neath country sl can luntch and started back to skool, wich wen I got half ways there I thawt, 1, I wonder if she did that on per pose. THE HASKIN LETTER (By Frederic J.

Haskin.) FUNCTIONS OF RESERVE BANKS WASHINGTON, D. May 25. D. R. Crlssinger of Marlon, has just taken office as governor of the Federal.

Reserve Board, the body which stands at the head of the American monetary and hankinc pray, says, I merely asked you whether you like bananas." Seated next to him, on his deafer Scoff not at me tho city clod My only respite of the Day Is tills wild ride with OodT By now, all the others at the ta side, is a young lady who, being na ble are listening. The bishop con This is a very dangerous disease. particularly to children under five years of age, but when no paregoric, codeine or other opiate is given, is easily cured by giving Chamberlain's Cough Remedy. Most people believe that It must run its course, not know- ing that the time is very much short- ened, and that there is little danger' from the disease when this remedy is given. It has been used in many ep-1 idemics of whooping cough, with pronounced success.

It Is safe and pleasant to take. Adr siders for a moment and then re plies: turally diffident, now deeply awed by her proximity to so famous a man. She hesitates to address Mm, preferring to wait for what she regards as a favorable opportunity; yet The ways to enrich are many, and "Well, my you wish my most of them foul. rarimcny is honest opinion, I have always pre one of the best, and yet is not inno ferred the old-fashioned nightshirt." cent; for it withholdeth men from works of liberality and chanty. Ba- system.

During his administration ane craves conversation wixn mm. 1 of that office he hopes to settle tho Toward the end of tho meal, fruit most fundamental question which is psaocd about. Tie nervous guet (Copyright, 1923, By Tho McNaught yndtoe, Iihv) son..