20 Jan 1921
Page 1
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Newspaper
Indiana Evening Gazette
Location
Indiana, Pennsylvania, United States of America
Date
Jan 20, 1921
Page
1
The passage outlines the Federal Reserve Act and the division of the Reserve Banks, emphasizing centralized control of the U S gold reserve and the automatic expansion or contraction of currency to meet business needs. It notes the gold’s centralization serves the national interest and improves availability for credit.
A historical Q A outlines bank reserves required for time and demand deposits, reserve percentages by city, and how reserves protect deposits. It notes Fed loans, rediscount rules, potential bank suspension, and government supervision via the Federal Reserve Board. It discusses ownership of Fed reserves by member banks and the debate over government vs private ownership.
Elsa Worth wins the grand prize auto at Brookton street fair funded by a Dorcas club ticket purchase. Her father contemplates selling to pay debts while Elsa dreams of evening drives. Adrian Bristol, a garage helper, teaches her and a growing romance forms as Elsa navigates financial pressures and family sacrifice.
Fragments show a trader praising a salesman then awkward thanks. The speaker asks for help with delaying to explain his wife while noting they have been detained at an alliance building.
Community events fill the day as a pie social at Gordon School clears 0.20 from pies and a singing convention is planned for later. Invasions in the southern township are improving while the farmer's institute draws attendees. A.B. Mikesell toured Indiana on business. Shuter School plans a January 28 pie social.
A Lowell Massachusetts woman recounts overcoming anemia since age sixteen after using Lydia E. Pinkham's Vegetable Compound and Sanative Wash. She reports restored strength, ability to work and sleep, and a successful natural birth to an eight pound baby, attributing her recovery to the remedy.
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