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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 03, 1922
Page
9
Charles M. Schwab, president of Bethlehem Steel, told a gathering that America has come through the worst steel depression in his 41 years in the business and predicted an early return to prosperity. He said foreign commerce would regain and trade balance would be restored shortly.
Washington readers learn that new bonus awards will begin October 1 under a bill draft by a subcommittee of the House Ways and Means Committee. Chairman Fordney says the bill will need about a week to prepare before further action.
Advertisement claims Bowles Red Pepper Rub provides instant warmth and rapid relief from rheumatism lumbago neuritis backache stiff neck and sore muscles using concentrated heat from red peppers sold in drug stores with Rowles branding.
Conference plans shift away from a cash bonus to government backed certificates for veterans. The subcommittee set a five and a half percent loan rate, allowed loans up to 50 percent of certificate value, and extended eligibility to Sept. 30, 1928. Certificates will mature after 20 years with four and a half percent interest, compounding to triple value, while banks are reimbursed on defaults. Representatives note tax avoidance and treasury relief.
Roger Coulthurst, a hotel clerk who stole over $7000 and fled to Worcester, told captors at Central Court he was glad they got him and that he would have spent the rest on liquor. Court set high bail for trial in a week.
Schenectady, N Y March 2 The General Electric lab hosts Dr Charles P Steinmetz who creates and controls an indoor thunderstorm using a high voltage condenser array The test produces a bolt with energy of about 1 000 000 horsepower lasting a fraction of a second The experiment aims to advance lightning arresters but proves harnessing thunderbolts remains unlikely
A recent demonstration of a so called lightning generator drew attention as observers described a dramatic, risky display with controversial devices and swift reactions from bystanders.
Adolph Rash, a Farmington farmer jailed six months for moonshine, received a gubernatorial pardon on March 2 after county commissioners argued it costly to support his wife seven children and livestock. Rash began serving Feb 8 after fines from a prior moonshine violation.
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