Elasticity of Federal Reserve notes shown by Burgess
W Randolph Burgess of the New York Fed argues in the American Bankers Association Journal that currency elasticity in the United States is demonstrated by the Fed system. He notes Fed notes now constitute about half of all money in circulation, down from 70 percent in 1920, with reserves and gold certificates shifting accordingly. The piece explains how currency demand rises with prices and trade, how notes flow back to the Fed, and how the system can issue more notes than gold certificates in response to commercial demand.
MENTIONED IN THIS ARTICLE
New York
United States
Federal Reserve System
American Bankers Association Journal
W. Randolph Burgess
New York Federal Reserve Bank
Federal Reserve
Reserve
Federal Reserve Banks
Reserve Bank
Federal Reserve Currency Flexibility in War and Peace
The text explains that notes increase by 150 percent the cash available to the country, showing the Federal Reserve currency's flexibility during war expansion and postwar reductions. The elasticity comes from reserve cash held in nonprofit institutions, enabling withdrawal or return as needed.
MENTIONED IN THIS ARTICLE
Federal Reserve
Supplying the Nation with Change in Early U.S. Mint Work
The article notes 1524 minting totals: 9,391,000 one cent pieces, 28,315,000 nickels, 37,940,000 dimes, 16,892,000 quarters. It highlights a drive to popularize the silver dollar with 13,639,000 cartwheels coined, and only 142,080 half-dollars in 1925 all commemorative Huguenot Walloon. It also mentions 10,390,500 double eagles.
MENTIONED IN THIS ARTICLE
United States
Yeast described as fungi culture seeds fermentation
Pathfinder Magazine explains yeast is a surface froth or sediment of tiny fungi or plants that induce alcoholic fermentation. It multiplies by cell growth, so production relies on seed yeast rather than mere chemical mixing, with ordinary cake yeast being pressed cultures.
MENTIONED IN THIS ARTICLE
Pathfinder Magazine
Early Gas Use Traced from Ancient China to US
The article traces gas usage from early China where brine evaporation and possible heating or lighting occurred to Europe where Murdock lit his home in 1702 and Winsor advanced practical use. It notes the United States began gas plants with Baltimore in 1816, Boston in 1823, and New York in 1825.
MENTIONED IN THIS ARTICLE
Peking
Europe
Murdock
Winsor
United States
Baltimore
Boston
New York
Explaining the annular solar eclipse concept
The text explains that when the Moon passes almost exactly between Earth and Sun at new Moon and is at apogee its apparent size is slightly smaller than the Sun. The Moon's shadow then does not reach Earth fully, leaving a bright ring around the dark Moon, an annular eclipse.
MENTIONED IN THIS ARTICLE
Earth
Helping One's Fellows Quote by Phillips Brooks
A compact inspirational note quotes Phillips Brooks urging personal virtue as the sole path to aiding others. The line emphasizes being the noblest and best possible person to help one another.
MENTIONED IN THIS ARTICLE
Phillips Brooks
Enormous Flower Ad for London Show Blooming Display
A gigantic flower arrangement, described as a basket of blossoms as large as a house, was built to advertise a recent flower show in London. The spectacle drew attention to the event and showcased a dramatic display by designers aiming to attract visitors.
MENTIONED IN THIS ARTICLE
London
Vast Fortunes Theirs for Few Brief Hours
A Wall Street Journal report recalls how a broker’s clerk briefly became a millionaire overnight when a paper showed he held 73,000 shares of Leading Industrial stock worth nearly three million dollars. The story notes similar cases across firms where innocuous signatures risked huge, unintended ownership.
MENTIONED IN THIS ARTICLE
Long Island
Wall Street Journal
Snappy Ad Snips in Odd Newspapers
A collection of quirky newspaper ads and spoof quotes from London and Birmingham papers. The items poke light fun at second hand goods and fashions while citing playful misprints. The New Zealand laundry gag contrasts simple clothing care with scripture.
Tea Processing by Color and Preparation
Teas are categorized as green and black by color and method. Green tea leaves are heated or roasted briefly in shallow pans over wood fire, rolled by hand to reduce moisture, then roasted again and dried. Black tea leaves are air dried, hand tossed to bruise, roasted in a soft moist state, and finally dried over charcoal. The rolling and roasting may be repeated to reach the proper color.
Touch of Defilement Moral Tale
Sophronius warns his fair daughter Eulalia about evil companions. He tests her by offering a coal to show even harmless contact taints. She accepts and loses the whiteness of her land, leading to the warning that even unseen associations can stain character.
MENTIONED IN THIS ARTICLE
Sophronius
Eulalia
Cous
Morpheus and Somnus in Ancient Dream Lore
The article describes Morpheus as a winged old man of dreams holding a horn or vial that releases sleep vapor. It notes Morpheus as son of Somnus and explains the name derives from a form linked to the dreams conjured for the sleeper.
MENTIONED IN THIS ARTICLE
Morpheus
Somnus
Rising Young Star Fond of Cooking
Claiborne Foster known for Applesauce the standout comedy of the year is a rising American stage star who shuns bright lights. She is a home girl who loves cooking, spends time in a modest kitchenette, and prepares Bronk Shrimps and Chicken en Casserole using simple, pure ingredients.
MENTIONED IN THIS ARTICLE
Claiborne Foster
Barry Connors
Applesauce
Miss Foster
New York City
Japan Opens to World Trade After Perry Expedition
The text notes Japan was largely isolated until Commodore Perry's 1853 expedition. In March 1854 the United States concluded a commercial treaty with Japan, opening the country to international trade.
MENTIONED IN THIS ARTICLE
Japan
Perry
United States
Abbe's 1678 Gas Engine Prototype Invented
The Abbe d Hautenfendle built an engine using gunpowder explosive power to drive a piston in a cylinder. This device is described as the prototype of the modern gas engine.
MENTIONED IN THIS ARTICLE
Abbe
d’Hautenfendle
Woman Recounts Punishment for Singing Christmas Cake Incident
A local neighbor recalls a comical exchange about a party mishap where a cake burned at the bottom as she lamented being punished for singing. The lighthearted tale reflects community humor from everyday domestic life.
Antique Furniture Repaired and Made Sign Seen
A Boston Globe note records a Lowell Courier-Citizen sighting on Cambridge Street in Boston. The sign reads Antique furniture repaired and made. The brief item notes local signage and small business activity.
MENTIONED IN THIS ARTICLE
Lowell Courier-Citizen
Gattle Shop
Cambridge Street
Boston
Boston Globe
Prosperity And Adversity Quote Attributed To Carlyle
A reflective quotation notes that one man can endure prosperity, while many resist adversity. The line contrasts resilience under different life pressures and speaks to enduring character.
MENTIONED IN THIS ARTICLE
Carlyle
Country's Sweet Tooth and the Sugar Ore
Sugar ore supplies about 350000 tons annually for candy making in the United States. The figure highlights the scale of the industry and the central role of sugar in confections across the nation.
MENTIONED IN THIS ARTICLE
United States
Also Mentioned on This Page
BenJamin Pranklin
Jaco
Breans
Birmingham
New Zealand
Boston Transcript
Morpheus and
Colgate
Namve
Denton
Colgate's
Coleco
THE
Chesapeake & Potomac
ATLAS
Anytim Loucil
D. H. Cook
Fasten, Md
Misse Mitchell
Denton Candy Kitchen
Caroline County
Orphans’ Court
Maryland
James S. Willis
Henry P. Willis
W. Brewster Deen
State Road
Williston
Jd. H. Nichols
Denton, Md
Hdw.and Supply CO
Hillsboro, Md
Jos, H. Roche
Phone &of
Goldsboro, Md
DE Laval
Junior Milker Outfit
John W. Henry
Easton
Denton, Maryland
L. B. Towers
Pres. T. Fred Towers
Sec. and
Treas
House of Colgate
Sway Don’e
Newspapr
Ross
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