World Monetary Standard Urged by Crissinger at Atlantic City
Comptroller Crissinger urged an international monetary standard to settle trade balances and boost U S exports. He proposed that leading bankers in the United States and rival nations work out a system, run not by government but by banking authorities, with careful leverage of national credit, to counter price and value fluctuations. He noted U S money’s gold cost and discrimination against it, but said Americans could support practical, safeguarded cooperation if backed by a broad banking framework.
MENTIONED IN THIS ARTICLE
BE. Booker
United States
Crissinger
New York State Bankers Association
Atlantic City
Lincoln National
Franklin National
Standard Savings
Bank of Commerce and Savings
Security Savings and Commercial
Central
Southwest
American Security and Trust Company
Seventh Street Savings
England
America
Germany
New York
William Sowden Sims
London
Sims
Grand Rapids
Admiral Sims
Hardihood
Admiral Sims’ Atterances
Tandan
Dividend Declarations Across Banks And Markets
A 10 percent dividend on the preferred stock of Old Dutch Market of Richmond Inc was declared payable July 1. Protests against a 2 and 284 cent coin proposal were voiced by John Drum before a coinage committee due to banking disruptions. Second National Bank granted a 10 percent annual bonus to employees, while Federal National Bank announced a 4 percent semiannual dividend payable July 1. Security Storage Co plans a 2 percent quarterly dividend plus 1 percent extra. Bank executives and staff trade notes on travel and leisure amid these financial moves.
MENTIONED IN THIS ARTICLE
Richmond
Inc
American Bankers Association
John &. Drum
Committee On Coinage, Weights and Measures
District of Columbia Bankers Association
Second National Bank
Federal National Bank
Security Storage Company
Bowie Chipman
Washington
Harriman & Co
Bar Harbor
Charles F Bell
Corcoran Thom
American Security and Trust Company
New York
James F Hood
Blue Ridge
Harper's Ferry
Osage Oil Lands Sold Near Tulsa
Interior Department approves auction of 30000 acres of Osage Indian reservation oil lands near Tulsa Oklahoma for 4.5 million dollars plus a one sixth oil production bonus. Oil operators win the land while about 2000 Osage tribe members share proceeds, with estimated annual incomes around 10000 dollars each making Osage Indians among world’s wealthiest per capita.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
Interior Department
Requalifying Handsome Dan and Rough Neck Pete
A comic verse contrasts two men: Dan studies anatomy and aims to be a physician, while Pete abandons crime to learn therapeutics and seek medical credentials. The piece ends with a jab at movie offers and political notes about party delegates and a watermelon season convention.
House Passes Bill Aiding Farm Banks
The House approved a Senate bill to deposit government funds in Federal farm loan banks to ensure their operation, with an amendment capping deposits at 25 million dollars instead of 50 million. Representative Louis T. McFadden attacked tax exempt securities, claiming they threaten government and state credit and aid the wealthy while burdening workers. Otto H. Kahn was cited as tracing issued tax exempt securities to about 14.43 billion dollars through January 1921, split between state and local debts and government obligations.
MENTIONED IN THIS ARTICLE
Senate
House
Louis T. McFadden
Pennsylvania
McFadden
Otto H. Kahn
George C Hazleton Dead Lawyer and Author
George Coch Hazleton a New York lawyer, player, and author died at his home after months of illness. He wrote Mistress Neil The Yellow Jacket Captain Molly and Aphrodite He was 53 and a Columbia graduate of 1896. He practiced law in Washington Philadelphia and New York.
MENTIONED IN THIS ARTICLE
New York
George Cochran Hazleton
Neil
The
Yellow Jacket
Captain Molly
Aphrodite
Columbia University
Washington
Philadelphia
30 Years in Prison on Murder Charge
Edward Brown colored convicted of second degree murder in the November 28 shooting of Henry Peyton colored. Brown received 30 years in the penitentiary by Justice Siddons. An appeal was noted by Robert I Miller.
MENTIONED IN THIS ARTICLE
Siddons
Edward Brown
Henry Peyton
Robert I Miller
Brown
Justice Siddons
Earl Tucker
Montgomery
Thomas F Masterson
Abraham Bisker
Also Mentioned on This Page
World Monetary Standard
U. S
Congress
Hamilton Savings
United States Savings
OSAGE
James J. Montague
Dan
Pete
River Street
Old Rafferty's
Rafferty's
Republican Party
Isit
Beli Syndecate, Inc
Sinn Fein
Central America
Britain
Scandinavia
Wood Kreisler
Hackett
Paris
Canton
China
Tex” Rickard
California
J. W. Wadsworth, Jr
Literary Digest
Funk & Wagnalls Company
George C. Hazleton
Yellow Jacket” and
H Street
N. W
Shoreham Hotel
Willy Vaio
Brea
Meyer’s Shops
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