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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Marshall Herald
Location
Marshall, Illinois, United States of America
Date
Jul 04, 1923
Page
6
William J. Foster argues the Edison Ford plan to replace gold with government backed warehouse notes would worsen monetary instability and taxation. The proposal centers on government graded goods loans, equity certificates, and tobacco and other commodity notes, creating extensive political control and complex exchange systems.
President J N H Puellcher of the American Bankers Association reports from a recent Executive Council gathering with bankers from every state and agriculture reps. The group warned against renewed inflation, urged conservative expansion, and stressed bankers must curb excess credit to prevent deflation and protect business.
The quoted remarks argue that the Edison plan does not create a new currency type. They say deposits convert to national bank certificates and Federal Reserve notes, likening them to existing money and challenging claims of any gold substitute or broader monetary reform.
Premier Mussolini argues the state must renounce monopolistic controls and allow private enterprise to flourish. He contends government paternalism harms economic development and that socialism has failed in practice.
Washington magazine writer George H. Dacy argues the University of Illinois will become the nation’s leading university within five years. He cites its wide outreach through home economics and agriculture courses, high school uplift, forestry surveys, and extensive research driving state progress.
The Newton Illinois field hosts extensive lime stone and soil fertility trials. Results show land treated with lime rock phosphate and sweet clover yields far more wheat, corn, and clover growth than untreated plots, signaling strong potential for farm economics and education.
A long list of residents and visitors is recorded with trips to Terre Haute Vincennes Indianapolis and Chicago. Names include Mrs. James Houser Mrs. Floyd McCree Mr. and Mrs. Harvey Houser Mr. and Mrs. T. C. Tad e and many others visiting relatives or attending funerals and reunions. A Meaford England boy finds a 350 year old silver coin after kicking up an ancient cobble.
A busy university man posted on his door a strict message barring entry to all except business and added no business would be transacted there. A back door legend echoed the warning, asking visitors to knock and not enter without knocking.
A Indianapolis girl with two sisters visited Niagara Falls and asked if the water is turned off at night. She wondered if the water in Indianapolis’s Soldiers and Sailors’ Monument pours over stonework and stops late each night, revealing curious childlike thinking.
A renowned bishop waits for a train in a distant village when a stranger stares, then asks to see his picture. The bishop acknowledges the possibility and the man asks what the bishop was cured of. The exchange blends humor with a nod to notoriety and headlines.
The two giant circular saws, nine feet in diameter, were built in Philadelphia. They operate at 184 miles per hour and cut giant logs daily in Hoquiam Washington.
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