15 May 1920
Page 1
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Newspaper
Ironwood Times
Location
Ironwood, Michigan, United States of America
Date
May 15, 1920
Page
1
A Marenisco report describes earlier deaths from moonshine poisoning tied to a brand of illicit liquor. Local lumberjacks were seen visibly drunk during a visit, with residents saying Kelley died after a night of drinking and a few hours of sleep. The piece urges warning to buyers and aims to deter illicit moonshine, noting persistent demand despite dangers.
Ironwood's three banks– Gogebic National, Merchants & Miners State Bank, and Iran National Bank– show deposits totaling well over three million dollars as of May 4, highlighting a postbanking crisis recovery. The piece notes past bank failures and a cautious public, hoping for stable, well run institutions.
The Gogebic National led the way after the 1912 banking collapses, followed by Merchants & Miners State Bank and Iran National Bank. The steady growth and rising deposits reflect Ironwood’s prosperity, while past failures taught the need for conservative, well managed institutions and the value of sound banking.
Drought hovered over the Marenisco area as forest fires burned for a week or more west and south of the village. Lumbering cutover lands with piled brush create major fire hazards endangering Lake Gogebic shores. Authorities warn campers and fishermen to extinguish campfires and question the legality of exemptions for lumbermen.
Arthur M Evans of Ironwood writes to the Chicago Tribune warning that a business slump is near, citing lack of raw materials and transportation, labor inefficiency, and rising prices. He notes textiles and clothing feel the impact as price advances outpace other lines. John Wanamaker reportedly announces a twenty percent reduction on all items.
Economic headline notes wise business leaders believe prices have hit a ceiling that could curb absorption of goods. Observers expect a temporary drop in inflation but foresee only a short-lived effect on overall price trends.
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