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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 03, 1922
Page
12
New folk banks in the financial district refused to quote the British pound after a Wall Street rumor said Premier Lloyd George has resigned.
Washington reports outline a plan by Governor Harding to restrict insurance certificates to national banks and trusted firms to stop private buyers from profiting at veterans’ expense. Other briefs note arrests, bankruptcies, cable talks, harbor projects, and a rising exodus from coal regions.
In Lorain on March 3 Conrad Hegand, senior member of the Roe firm of Wiexand and Kling, celebrated the fiftieth anniversary of his entry into business. At age 72 he is described as the eldest business man in the local area. He is recognized for his long service and standing in the community.
Chicago reports wheat futures open higher by about 15 to 18 cents with May at 1.48 and July at 1.24. Corn and oats rise with May corn at 67 3/4 to 68 1/4 and May oats at 42 1/2 to 42 5/8. Provisions also advance with lard near 12.02 for March and ribs at 11.60 for May.
New York stocks opened strong with United States Steel up to 95 3 8 and Cru cible up 15 3 8 as Trans Continental Oil sagged. Liberty bonds quoted with several issues in the 97 range. a bandit robbed a Long Island City firm payroll of 9000, wounding assistant treasurer Benjamin Primm.
The commission authorized Ohio Bell to acquire Springfelt-Nenia and set new rates. Increases average 12 to 100 percent after service unification. Chairman Poor notes valuation rules must include operating expenses depreciation and fair return, but rates may yield only five to six percent. The effort aimed to place most burden on the "little fellows."
Miss Lucy Doraine, an English Sim star, signs with an Austrian company for three films at a salary over half a million Austrian crowns. At pre war rates this would total about $8,000,000, marking the largest salary in cinema history.
Investigation reveals many auto and railroad crash claims were compromised at low sums. Iskowicz and two others, Max Elstein and Benjamin Greenwald, face first degree grand larceny charges. Greenwald, 20, is linked to a Brooklyn residence. Greenwald allegedly rode in the car that struck Iskowicz. Bench warrants issued and Boston arrest reports pursued. 25 claims totaling 30 000 dollars are under review by local insurers.
March 3 Ridgeville report lists gatherings and visits. Mrs Louis Schaber hosts Sunshine club meeting with Mrs A Knowless as guest. Mrs Barrows hosts. Maud Jordan visits in Cleveland. Avery from Elyria visits Shaw. E M Knowles and Everett plan trip to Eden Center near Buffalo. Bailey hosts family gathering. Shaw siblings attend Ruth Wilcox funeral in Medina. Theodore Gwen of Elyria entertains about twenty Ridgeville friends at 344 Seventh Street.
The proposal shifts to a 25 percent added value for veteran certificates and allows loans only from National State Banks and Trust companies. Banks may forward certificates to the government for cash if borrowers fail to pay interest, returning funds to owners. A stray remark about dyspeptics and a restaurant joke follow in the text.
Italy may call on ex Premier Giovanni Giolitti to resolve its ongoing cabinet crisis. Efforts to form a satisfactory cabinet have failed thus far, with no clear successor emerging.
The article notes leniency by President Harding toward many offenders, from bootleggers to bankers, including over 100 cases. It cites that wartime felons dominated early clemency actions and highlights Eugene V. Debs as the best known case among those acted on.
Vic C Donahey argues for the untrammeled right of referendum, criticizes the governor’s tax and spending policy, and calls for reduced direct taxes, end to waste, nonpartisan administration of workmen’s compensation, and restoration of the industrial commission to depoliticize its operations. He condemns recent highway and purchasing department scandals and urges strict economy to ease unemployment and burdens on farmers.
Charles Chit ford James Tegree and Jacob Weed of Cleveland pleaded guilty to stand larceny in municipal court for stealing pink silk underwear valued at 369 from E. W. Evans Co. They were bound over to the grand jury under bail of 1000.
Lorain lightweight Alex Hart is slated to face Lew Tendler in a ten round match in Philadelphia. Hart recently lost to George K. Shaney in a tough Philadelphia bout and later addressed a fire incident where nine adults and five children fled a building in night attire and firefighters extinguished the blaze.
Samuel Murray and his wife of Madisonville Ohio marked their 71st wedding anniversary after meeting in their teens. Murray says they are still falling more in love every day.
Central Guild of St. Andrew's church holds a bake sale at Lucas' Plumbing, Second Street, on Saturday March 4 at 10 30. Proceeds support church activities.
Bishop Gailor speaks against turning people into machines and living on nerves in America. He laments the "make good" spirit and rampant materialism as youth rush daily to factories and offices in the city.
Miss Marie E. Twigg thirty Grand Prairie township school teacher was instantly killed in Marion when a westbound Big Four passenger train struck her enclosed car at the Main street crossing. Crossing watchman Homer Jolley narrowly escaped harm while trying to warn her. A divorce suit by Elizabeth Stophel against Phillip Stophel, filed February 27, has been dismissed with costs.
A well known writer notes that experience has no substitute and praises Dr Mahon for long experience in treating chronic disorders. It highlights his ability to study in English French and German, giving him opportunities many lack.
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