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Hundred Million Dollars Deposit Already Made
FARM CENSUS HAS BEGUN
Nearly a Billion Was Cut From the Public Debt During Year Just Passed
Washington. — The treasury has mapped out its financial program for meeting the requirements of the soldiers' bonus and made its first deposit — $100,000,000 — in a special account from which the adjusted service certificates will be paid.
It is the plan to add each year a similar amount under the law to this special account and this sum, with its interest compounded annually at 4 per cent is calculated to be sufficient to meet all payments on the service certificates when they mature some 20 years hence. Provision is made whereby the fund is equipped from this date to meet such maturing certificates as may be due as a result of deaths of the beneficiaries and the additions to the fund are expected to be able to care for the gradually increasing maturities of the future years.
Farm Census Has Begun.
Washington. — A census of farms which will show among other things the number of automobiles, trucks, tractors, motorcycles, and gasoline and steam engines on each farm in the United States has been begun by the department of agriculture, which will employ 20,000 enumerators to take the census of more than 6,000,000 farms. It is expected the work will be completed by January 31, 1925, and that it will require another sixty or ninety days to tabulate the results. The latest census figures, those of 1920, showed a total of 6,448,343 farms.
Big Cut in Public Debt
Washington. — The treasury has shaved almost a billion dollars off the vast public debt, in the past twelve months, and by doing so has cut the obligations of the United States more than one fifth since they reached their peak of $26,596,068,947 in August 1919.
Return 10 Per Cent to Stockholders
Minneapolis, Minn. — The board of directors of the $10,000,000 agricultural credit corporation, organized to aid northwest farmers in the recent economic stringency, has voted to return to its stockholders 10 per cent of their subscriptions to its working capital of $6,000,000. The $600,000 to be returned is a part of funds collected on loans to banks and farmers of Minneapolis, North and South Dakota and Montana.
Protecting Foreign Residents.
Shanghai. — A detachment of American marines has been landed at Nanking to protect the foreign residential district, following the looting by the bodyguard of General Chi Sieh-yuan, former military governor of Kiangsu, of a number of the largest silk stores in the city, causing a loss of $800,000.
Bank Run Is Headed Off
Denison, Ia. — A run on the Crawford county State bank, following closing of the First National bank, was stopped when a high-powered automobile drew up to the bank, and great stacks of money said to total 200 thousand dollars were carried into the vaults.
Twins — Born in Different Years.
Amarillo, Tex. — Not born in the same year, yet twins, is the case of two youngsters here who made their appearance in the home of Mr. and Mrs. T. B. Daniel, December 31 and January 1.
National Encampment in Florida
St. Petersburg, Fla. — A national encampment of the United Spanish-American War veterans will be held in St. Petersburg in the week beginning September 27, 1925.
nental air mail service; $16,656,200 for the customs service and $9,103,101 for the public health service. The house at the close of the week was considering the army appropriation measure.
Senator Norris, chairman of the agricultural committee, introduced a resolution directing the federal trade commission to conduct an inquiry into the doings of the "power trust," which, he charged, is attempting to dictate disposal of the Muscle Shoals property.
NOTABLE among the deaths of the week were those of Leon Bakst, celebrated Russian painter and stage scenery designer, who succumbed to pneumonia in Paris; William Archer, the veteran English dramatic critic and author, and A. Henry Savage-Landor, famous artist and explorer, whose sensational experiences in Tibet were related in his book, "The Forbidden Land."
NOTRE DAME university made good its claim to the intercollegiate football championship by defeating Leland Stanford at Pasadena, Cal., on New Year's day, the score being 27 to 10. The University of California eleven beat the University of Pennsylvania by a score of 14 to 0, the game being played at Berkeley. Both contests were witnessed by immense crowds.
New York. — The United States did 50 per cent more business with soviet Russia in 1924 without official recognition than with czarist Russia before the war, according to claims made by soviet representatives here.
Cannot Supply Demand for Furs
Washington. — Fur is becoming more popular in clothing and American hunters and trappers no longer are able to supply the entire demand. Department of commerce figures show that $88,000,000 worth of furs were imported in 1923. This is an increase of 30 per cent.
Washington. — The foreign mission board of the Seventh Day Advent denomination announces that 139 missionaries will be sent to foreign lands by the church during 1925.
Many Perish in Explosion
Oteru, Japan. — A terrific explosion of gunpowder on the water front here killed 110 persons, injured 200 others and blew up 1,000 homes. Following the explosion, fire swept along the winter front, until the whole frontage was ablaze.
Armament Report "Mythical"
Berlin. — Reports of discovery of stores of armament in Germany factories by allied commissions of control are declared "mythical" by Defense Minister Geisler.
