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Newspaper
Carroll Free Press
Location
Carrollton, Georgia, United States of America
Date
Dec 09, 1920
Page
7
In a terse dispatch the press notes that Harding returns from pan for what officials describe as top priority. The message emphasizes naval strength and leadership as central to national policy and ongoing global outreach.
Tierding ends vacation to craft administration policy focused on a government-supported merchant marine and a navy as first line of defense. He calls for international peace, non eristic nationalism, and national unity including the old Confederacy. Mayflower and Florida honor him as Harbor crafts sound their horn chorus.
The Federal Reserve Board states no early relief from business gloom in its November outlook. Consumer strikes and reduced buying are blamed for continued production declines across industries. Retail reduction sales failed to spark renewed demand.
Washington hearings opened in joint session by agricultural committees to study impacts of low prices and to outline relief. Senator Hitchcock urged using profits from federal reserve banks to fund farm loans via land banks and warehouse receipts, while Governor Harding noted board limits on funds. Germany credit talk and wool import embargo proposed. In Alabama, mines closed after blast and a liquor raid seized fifteen cases on a steamer.
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