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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 22, 1920
Page
13
The House of Commons heard that 1919 strikes and lockouts reported to the ministry of labor affected 2,580,000 people directly or indirectly. Disputes lasted 24,430,000 working days, based on individual time lost, with aggregate 1418 incidents.
Debates over a measure allowing up to 5 percent a month on loans of 50 dollars or less dominated the Legislature. Supporters pressed for higher rates to aid loan agencies. opponents urged striking the 5 percent clause as amendments return from the Senate for enactment. Senate votes on engrossment showed a shift but ultimately defeated the bill, with lawmakers split along lines over the small loan rate and potential misuse through loan splitting.
The official noted that the investigation shows a rate increase is justified. If conditions were normal, the rate would be 3 12 percent, now seen as proper, but the recommendation will wait until the Legislature next year.
John S. Doherty, a Causeway Street saloonkeeper, faced Judge Morton as the first liquor dealer charged since the Volstead act. He pleaded guilty to possessing liquor and was fined $260. His bartender, John J. Kelly, also pleaded guilty and paid a $100 fine.
New York telegrams say British representatives profess ignorance of any inquiry into reports of a plot to trigger uprisings in Egypt India Ireland and Canada. Official despatches from London stated authorities were investigating ongoing rumors of revolts, but denial was issued.
Vice Presidents Simon Swig and John P Beeney of Tremont Trust Company will discuss Banks Banking tonight at Bethesda Hall at the intersection of South Boston street and Broadway. The event aims to illuminate banking practices and current financial trends for attendees.
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