20 May 1925
Page 1
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Newspaper
Indiana Evening Gazette
Location
Indiana, Pennsylvania, United States of America
Date
May 20, 1925
Page
1
Pittsburgh reports cattle and hog markets with quotes. Prices shown for prime and common fat cattle and cows, bulls, calves, and hogs, with receipts around 400 cattle and 3,000 hogs. Fresh meats, butter, and eggs noted by local provider, reflecting market conditions.
The State Department and the American Debt Funding Commission, with full White House backing, push to settle foreign debts totaling over 7.0 billion. The President says time is right for debtor nations including France to enter funding agreements and hopes negotiations will advance.
The cabinet met with three debt commission members Kelloge Mellon and Hoover present. No definite overtures from France were received but the government called the situation satisfactory. President Coolidge studied Yoakum’s funding proposal urging a century long payoff with 2.5 percent interest and warned against forcing payments. Yoakum claimed his plan would cut taxes, collect debts, and give the U.S. global leadership. London report notes Megan Lloyd George, daughter of the former Prime Minister, is ill.
A local notice states Hunmeblstow Mill will install new machinery and upgrade operations. Officials confirm the project aims to boost production at the silk facility and create improved efficiency for workers.
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