The Whirling Pyramid
November 03, 1920
Omens these: In Paterson, the silk city, little third and fourth class shops are flooded with fine silks to be sold at any price; there has been a panic in silk. A year ago a butcher got $1.35 a pound for his raw calf hides and today he is lucky to get 25 cents; the bottom has fallen out of the leather market. The sign of the night rider appears in the South. The farming industry in convention at Washington demands unlimited federal credit to enable the South to sit on its cotton until the price is 40 cents again, and the West to hold its wheat for $3.00 a bushel; else all are ruined.