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Newspaper
Bridgeport Times
Location
Bridgeport, Connecticut, United States of America
Date
Jun 24, 1920
Page
4
Mexico City reports the Yaqui warriors once again heard with their tom tom drums as General Plutarco Calles travels 1600 miles from Agua Prieta to Mexico City to assume office. The article notes their fierce reputation yet also their family ties and disciplined camp life.
Peking reports the Chinese government runs monthly deficits of 10 to 12 million dollars with a 270 million dollar administrative debt, of which 130 million stems from bank loans. The budget totals 318.09 million, leaving 4 to 6 million from ordinary revenues. Over 70 percent funds military upkeep, prompting drastic retrenchment plans. financier Thomas Lamont notes loans hinge on ability to balance the budget. An editor election remark ends with a jail-reporting jab about office seekers and publishers.
Chicago June 2 4 Half a billion pounds of shoddy were thrown on the American clothing market in 1919 while a billion pounds of unmanufactured virgin wool were stored. Shoddy is made from woolen rags re spun many times and mixed with small amounts of virgin wool to bind fibers. The National Sheep and Wool Bureau cites figures showing shoddy would have replaced 280 million yards of all wool cloth and that new wool could have produced 240 million yards if not adulterated. The bureau supports federal action to limit virgin wool and shoddy content, pushing Congress to finish action on a fabric bill.
Reports show relief expenses are far below normal with only one outdoor relief request last month. Compared to winter 1918 19 when 20 to 40 calls monthly occurred, current hardship is milder though poverty remains a civilizational disgrace. Emphasizes state job programs and road work to keep able workers occupied. Teeberss higher than 190 feet above water noted off the Atlantic seaboard.
The Watch-a-Wave bathing pavilion management at Fairfield beach will turn over the pavilion on Saturday afternoon to the Salvation Army. All proceeds from that day go to the Elm Street property mortgage fund. Buses depart Main and Fairfield every hour from 1 pm, continuing through the evening.
Tokio reports Bank of Japan advanced money to ease the financial situation, pushing outstanding loans to 855,000,000 yen. Some argue the bank should raise rates to prevent a renewed speculative fever as monetary generosity depresses short term rates.
The text notes that loans and the general public are less cautious than before. It mentions conventions delivering ringing declarations on commonly agreed points.
Airplanes released flowers over the graves of unidentified Civil War soldiers in Los Angeles on Memorial Day. Separately, hundreds of coastal Newfoundland villagers evacuated to sea as forest fires drove residents from shore.
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