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Newspaper
Independence Enterprise
Location
Independence, Oregon, United States of America
Date
Apr 29, 1921
Page
2
New York report shows by December 29 1920 the public held 89.4 percent of war bonds and certificates totaling 27.86 billion. Banking institutions held about 10.6 percent, down from 13.7 percent in June 1919, marking over 1 billion dollars in war securities moving from banks to investors over eighteen months.
The data show war issue holdings by banks down to about 2.43 billion, while June 1919 totals reached 8.45 billion. Investors increasingly buy government securities for their favorable yields, with lenders urged to promote Liberty bonds and Treasury certificates. The total debt stood at 28.744 billion at start of 1921, backed by Liberty bonds, victory notes, and war savings certificates.
Farmers in Oregon plan the first summer term farmers week at Oregon Agricultural College in June 1918. The event runs between the college year and summer sessions with 800 participants target and lectures by leaders such as J R Howard and Shailer Mathews. Activities include rail and auto trips campus camping a swimming tank and home and farm demonstrations.
Berlin reports Germany’s counter proposal on reparations to the American commissioner. It cites a total indemnity of 850 billion marks in gold as against allies’ demand, suggests flexible annuities linked to Germany’s industrial recovery, and offers loans, customs revenue pledges, and delivery of manufactured goods with credit against indemnities. No assumption of allied debt to the United States.
L LLoyd George and Hiland decide to invite allied government representatives to a supreme council meeting next Saturday to weigh German proposals. The United States will not attend as a non signatory to Vermallies but American delegates may be welcome. The Ruhr coal field must be occupied if Germany defaults on payments due May 1 or fails to meet Paris January 29 terms.
Washington D C The American Farm Bureau Federation backs congressional action on repealing the guaranty section of the transportation act cutting rail rates protecting agriculture under tariffs and securing credit for farmers The program also calls for a constitutional amendment to bar tax fraud securities and maintenance of farm packet regulation by the Agriculture Department. Warrants are served on Kamiah State Bank officers in Lewiston Idaho after alleged false entries leaving deposits of about 50000.
Federal sources say BI Haywood was to begin a sentence at Leavenworth this week after transfer from Chicago. The report places Haywood in Russia with Blix Bil and mentions a 2 year term, with further details unclear.
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