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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 22, 1923
Page
8
Mas Babson argues bank deposits are a true investment as banks loan funds to build homes buy merchandise and develop utilities. He notes bank accounts are safe liquid and offer speculative profit opportunities by enabling access to future ventures while many people still view savings as stuck in vaults rather than working capital.
The piece argues replacement value over historical cost for assets and urges saving for permanent value. It notes Babson chart dropping 18 percent below norms, while February showed 5 percent above normal, blaming consumer carelessness after year start and urging higher bank balances to revive business toward normal.
Will of Regina Kenwerth of Lorain filed for probate. Z A Shaw named administrator with bond set at 3000. Will of Juliette Shaw of Ridgeville admitted. Helen Hammond named executrix without bond. Will of Chancy P Gilson of Elyria admitted. Ida McNeal named executrix without bond. Levi Smith named administrator of Fred Schneider estate of LaGrange with bond 200. Will of M J Saunders of Lorain filed. Joseph Maforaack named administrator of John Denka estate of Lorain with bond 4700.
Continued from Page 1 describes Governor Walton's armed personal bodyguard and rumored strength, with figures from 20 to 130 men and names like Buck Garrett and Zach Muiball. It cites a vast militia tied to Walton, claims 68 of 110 state senators belong to the Ku Klux Klan, and notes a military court progress, arrests in Shawnee, and ongoing friction over martial law with Tulsa officials and Oklahoma City authorities.
Amherst, Sept 21 Severe quake disaster in Japan prompts a family letter home. Mamie Blum in Tokio learns her husband Kimer Blum and family survived, after escaping via English boat and Japanese barge. They were later aboard an American ship to Kobe, seeking funds, while awaiting news of relatives in the stricken area. Other travelers from Cleveland and local staff also report safety amid fires and disrupted communications.
Federal prohibition agents seized 19 barrels of whiskey and alcohol tied to shipping from Pier 22 New York City to Cincinnati. A raid on Robert J Lawrence and Edna M Lawrence at 8455 Reading Road led to warrants for Lawrence Isadore Rosenburg George Worden and Carl Boles for conspiring to violate the prohibition act. Louisville authorities linked four indictments against Lawrence and a charge against his wife for distillery robbery at Loretto Kentucky in January 1921.
Columbus Ohio September 22 Governor Donahey authorized immediate release of Harvey Ward a 30 year old colored man from Green County who was sentenced to 100 years to life in November 1917 for second degree murder in a case tied to the murder conviction and penitentiary term.
Toledo detectives arrested Gerald Nolen a substitute clerk in the Tola post office on September 22 charged with stealing mail. Investigators say weeks of work led to the alleged theft of letters containing money.
New York trading opened with steadiness and uneven gains across major issues. United States Steel rose to 73-4, Bethlehem Steel to 44-8, Baldwin Locomotive to 114, while Studebaker and General Motors edged higher. sugar stocks firm, and several rails and oils showed modest gains amid a cautious session.
Sept 23 Cleveland officials at the convention urged a nationwide automobile club program to secure public meeting for tax money, criticizing extensive road construction as damning and urging better oversight on spending.
Washington Sept 22 President Coolidge heard optimistic forecasts on farm relief from Senator Ralph Cameron Arizona and Senator Thomas Walsh Montana. Cameron hailed prospects of broad prosperity in the West while dismissing widespread distress as exaggerated. Walsh warned Montana farmers face high costs and rail freight burdens, urging legislative action to ease conditions.
Wellington vicinity reports the marriage of William F McEndree and Laura Gott in Monroe Michigan and notes the couple will reside on Courtland Street. Other items include a Mor ris high school party for Miss Morris, upcoming Glee Club auditions, a corn roast hosted by the Board of Education, the Wellington high foothill team traveling to Oberlin, a local resident buying a Forest Street home, a pep party by the Epworth League, and Pittsfield Woman’s Club dressmaking plans with instructors from Oberlin.
A Sevedem evening feature introduces the Naughty six serenaders making their first Elyria appearance at Riverview Dance Hall.
Publication of a Ku Klux Klan membership document attributed to Governor Walton is called a forgery by the governor. The paper claims Walton was accepted for Klan membership and paid a $20 initiation fee, a detail the governor contests as false.
Lieuts. L. H. Sanderson and Stephen W. Calloway of the U S navy reportedly set a world speed mark near 270 miles an hour, aiming to beat the 255 mph record. They will represent the navy in the Pulitzer trophy races in St Louis next month.
In New Lexington Ohio on September 22 a jury found state dry agent A H Fouts not guilty of murdering Bruno Butler during a July 18 raid at Corning Sleepy Hollow. Testimony said shots were fired after locating a still. Butler’s body was found the next day. Fouts and Sherman Leasure faced a long deliberation with an initial vote of 11 to 1 in favor of acquittal. The verdict drew cheers from the courtroom.
The massive navy airship Z R-1 departed Lakehurst on a trial voyage to Philadelphia Baltimore Washington and Annapolis.
Fire swept through the four story Swift and Company building in the wholesale district of Birmingham. City fire apparatus fought the blaze with heavy smoke pouring from every window and early indications pointed to heavy damage.
Mrs. J Foster Symes, wife of U S District Judge Symes, was forced at gunpoint to drive by a highwayman for over an hour across rear foothill roads west of Denver. She escaped after feigning a gasoline shortage. police and a posse conducted an all night search for the assailant.
In Covington Kentucky on September 21 William H McFerrin a 53 year old railroad employee shot and killed his 14 year old daughter Minnie McFerrin at the home of Mrs Sallie Patton 119 East Twelfth Street The motive cited by officials is McFerrins resentment toward his children and his dislike of Mrs Patton for not leaving her care The body lay beside an ice chest as Mrs Patton attempted to tidy the home Police pursued McFerrin after he fled and the uncle Charles McFerrin of Chillicothe Ohio was asked for instructions on disposition of the body
In the court of common pleas the case against Joe Kawczyk and his wife was continued until next Thursday morning. He is accused of illegal possession of liquor and she of selling liquor. He received a bond of 2500 dollars and she a 500 dollar bond. Evidence was said to be conflicting and attorneys wish to review it before trial.
Albert Passer, 30, of Philadelphia, died at City Hospital after a self inflicted gunshot wound on a Pennsylvania passenger train near Upper Sandusky yesterday. A note in his pocket said unrequited love prompted the shooting. The death occurred last midnight, following the injury.
Cincinnati September 22 Andrew Murphy 65 street department employee died after being struck by an automobile yesterday He was the 94th traffic fatality in Hamilton County this year The accident marks another deadly case in the county’s road toll this year
The half clad and decomposed body of Emma Dickson a pretty fifteen year old high school girl was found this morning hidden in a bushes cluster forty feet from a busy road two miles from her Port Elizabeth home.
Sept 225 closing liberty bonds show first issue 99.26 with 4 1-45 983 and 93.4 for 4 1-48. fourth issue 8.42 and 8.28 figures cited for 4 1-45 and 4 1-48 respectively.
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