davidaulloa/AmericanStories huggingface dataset:
The evening world., 1919-02-20

The failure OF the radical element IN
the Butte district TO call a general
strike. following an announcement Of
a wage reduction Affecting copper
miners averaging 81 a day. lends en-
coura cement to the belief that steel
workers in the Pittsburgh district will
not take too unkindly 10 the wage cut
which the big steel companies are
known TO have practically decided
upon.
The better feeling regarding the
railroad outlook will, it is understood,
tempt new and important financing
by several OF the larger companies. In
banking quarters IL is felt that much
OF this financing can be completed be-
fore the middle OF April and will not
interfere with Government financing
which IL planned for that time.
The life Of the boar trader has be-
come a very unhappy one. The dem
onStration in Kelly-Springfield Tire
yesterday, which scored a net advance
Of more than ten points for the day,
and sold more than eight points above
rs previous high point, touched in 1915
have sapped their courage. On the
other hand bull operators have gained
an immense amount OF courage.
The evening world., 1919-02-20
IlBERTY BONDS
Total sales stocks sos, 900 shares.
Bond sales 10. day. yl2,55i.00O.

CURB-Firm opening. Houston Oil
s5 S-4. up "a: Royal Dutch 80 -. up
-: General Asphalt n, up is; Mid
west Refinery, lj6 to 1J9.
Noon prices were rea actionary. ROY a!
Dutch sold off IA from hisn TO
sS3-i Gcn. Asphalt moved off 3i
from high TO II 3-I; Pfd. was firm az
los: Boa' reacted "a TO l3l-o;
Mdwst. 100, up 8; IIstn. Sc. up /:
Inter. Pet. - IL 3-4: Steamship
3 5-s "a; Sinclair 1884 CLINT.
Cont. Rub. II IL; Wright Martin
3 SIS a "a: Swift Inter. Corp. 46 i-2
n s; U. Mtrs. IA 81: MRIgr.
"a l-e 81; Aetna 1913 a 1-2.
The close was Irregular. Gen. Asp
70 ia, off 5-S; Royal Dutch, 81 S-i, up
> "a; Houston, So Mdwst., l59, up .:
L. Mtrs, Al is, off S-s; Slnclaim Gul:,
%, up 3-4; Boat. lS 5-s, up els,
MONEY-MiXed collateral opened
) l-?, high 6, low 51-2, Rwls. 5l-2.
ruling IL, closed 8; all Industrial
opened s, high lie, low 8. Rwls. S.
ruling 6, closed 6 1-2 per cent.
The time money market Is slightly
more active, due to the buoyant stock
market, Loans are being made at
) IL per cent. for two and three
months periods on all Industrial coll
lateral, with some demand on half
"A nd hl.N
There Is little, II any, money offered
at ia per cent, even on mixed col
lateral.
Commercial paper Is quiet. The
volume OF discounting continues linn
tied TO more attractive names at 5
and IA per cent. for regular ma
turtles. Both local and interior
banks are buying
Bank OF Enslands minimum rate
OF discount remains unchanged at )
per cent
Banks lost to Sub Treasury yes
terday $S4l 900, Since Friday last
S., 900.
ENCHANGE-Close: Swiss cables
lost a part OF their early gains, deciin-
ing 10 4ss, and peseta cables to 2O.2i
Stockholm cables were 2s,25 sterling
demand l.757e IL, cables 4.76 7-lG:
francs demand 5.45 "a cables 545 is;
Swiss francs, demand 4so, cables iSj;
guilders. demand Al is, cables Al S-S.
! CIEARINGS-INew York ;57i,5s5,-
45s, decrease 3l,76l,S2S: Philadelphia
S6S,l7lSss, increase ss4l4,7i4; Bos-
ton s47,4S1,70S, increase $534SUO;
Baltimore Sll,5il,2i5, increase S,-
6ll,043.
The Sub- Treasury was creditor al
the Clearing House si,t0s6i. Fed
eral Reserve Bank creditor at Clear
ing House ,35,s9l.Os2.
COTTON-Range for day:
The evening world., 1919-02-20

! i.2 points. equalling its previous
nigh record at 81, and after absorb
ing realizing sales. gradually scared
~ ss an advance Of 1-2 points.
Royal Dutch Petroleum was an
other star performer. 1t closed yes
terdly at 9? i-2. This morning II
opened az 80 and under the stimulus
Of aggressive pool buying 1t touched
u now high record Of 30 i-2. an ad-
vance OF seven points over yester-
days close.
The success OF these operations
had the crfect Of inducing heavy buy
Ing in other oil shares. Mexican
Petroleum easily advanced three
points and Pan American Petroleum.
by which 1t Is controlled through
ownership Of 81 per cent. Of the
stock. advanced to So ia, n gain Of
four points, n new high record.
Other stocks that made new high
records were Hide and Leather pro-
ferred al SO 1-2. and in the outside
market General Asphalt st 713.i and
Houston oil at SCI L..
Railroad shares. while not match.
ing the gains scored in tho industria!
list, gave convincing evidence Of un.
The evening world., 1919-02-20
WANTS MORE AUTHORITY
TO CARE FOR CHILDREN
Miss Loeb Gives Interesting Story
0 Experiences in European
Investigation.

Charles n. Johnson. Secretary Of the
State Board OF Charities. to-day recon
mcnded an extension OF the powers OF
that board. He said ne believed the
board ought TO have the right OF ins7ec-
tion OF all institutions charged with the
care OF children and adults, Under the
present law the charities board has su-
pervision over only such institutions as
receive money from the State
This may be good law but 1t is bad
practice" said Johnson.
He was addressing the New York
State Association OF Chid Welfare,
which is holding its annual conference
in the Aldernlanic Chamber OF the CITY
Hall
THE object OF such inspection" he
continued. lis to find out how the chill
dren are being cared for and whether
they are likely 10 grow up to be healthy
adults. The inspection should nor he
done in a spirit of antagonism, but in a
spirit OF fairness and justice"
Sophie Irene Loeb OF The Evening
World told OF her observations on child
welfare work in various European coun-
tries. She said that in Scotland par
ticufsrly the system OF boarding de~en-
dent children with families results In
wheisAems infiasnes on their ahAFaS'
tsxA -
The evening world., 1919-02-20
BEAUTY SECRETS!

Where she gets her good looks her healthy skir her
pink cheeks is known to every because is apparent
that it is not due to cosmetics paint and powder But
the true womany beauty from good health and this
good health is womans secret Ask your neghbor and
she will tell you that it is due to the fact that she took
that wonderful temperance tonc-"a prescription for
women first put up fifty years by Dr. Pierce 1t
can be obtained in any drug in liquid tablet FORM
Health comes with good physical machinery and good
spirits active digestion body free from pains and
aches with tonic known for fifty years as the
best temperance tonic and nervnc for woman namely
Dr. Pierces Favorite Prescription. D.
Cleansing of the intestinal tract is important Take
castor oil select vegetable pill Such one is COM
posed of Mayappe leaves of aloe root of aap and made
into tiny sugarcoaed pellets to be had at every drug
store a. DR., Pisroes Pleasant Pellets. -Adyt e..4
The evening world., 1919-02-20

EARNINGS -- The Allis-Chalmers
Manufacturing Company reports that
for eleven months ended Nov. 81, 1918.
deliveries amounted to s31.434, ,1l0.
more than ,5,OOo,OOO in excess Of the
full twelve months OF 1917. previous
record year. In the same period net
profits after allowance for Federal
taxes we're sij96.so:, almos, 81 ,oOO, 900
more than full year OF 1917.
Net earnings OF the Crescent Pipe
Line in 1918 amounted to SlS1,i4s.
National Conduit & Gable Com
pany, year 19lS-Defcit ss60,s22 at
ter tax and all charges including
total loss OF $4,000 OF Munitions
Department 1917. Report covering
nine months ended Dec. 81, 1917,
showed profit after taxes and all
charges of S692,53e.
Matson Navigation Company re-
ports for 1918 net before Federal taxes
OF Si354.7SS against s2,396,129 in 1871
Dividends paid in 1918 were S7O9, ,4iO.
Reserve for taxes IS carried on bal
ance sheet at s2.7OO,OOo
The evening world., 1919-02-20
WALL STREET
News and Gossip of To-Day'S
Market-PreSent and Fu-
ture Prices.

There was q rush OF bIying orders
at the opening Of to-day's market,
with tho result that the list opened
generally higher Public buying. in
duccd by successful pool operations.
was on much larger scale than i.r
some time past. Commission houses.
principally those with wire connrc-
tons throughout tho country, wtrc
large buyers Of stocks.
There vas further pyrolccnnic
display furnished by the market
movement Of rubber and oil stocks.
Kelly Springfield Tire. which scored
a net advance of about ten points
yesterday, opened ~ an advance ol
The evening world., 1919-02-20

DIVIDENDS -- Tobacco Products
Corporation regular quarterly Of S-4
on preferred, payable April to record
stock OF March IL
Cambria steel ompany--Rcgular
quarterly OF l.: per cent and / IL
per cent. extra. payable March Is TO
record stock OF Feb. 2s.
National Lead Company's regular
quartcrly OF ! a per cent. on common
stock, payable March 81 TO record
stock OF March lt
Mackay Company's regular quar-.
terly Of IL per cent. on common and
regular quarterly Of pcr cent. on
preferred, payable April | 10 record
stock March s.
L. ). Industrial Alcohol--Rc Gular
quarterly OF 81 on common stock. pay
able March II to record stock OF
March 4.
The evening world., 1919-02-20

Market Closed Ilrm, BID and asktu
prices follow: May, 14i5 50; June,
1920 rs; July, 1896 Il; August,
1885 a 4; September, 1872 Q; October
1Ss5as: November. 1858 a 81; Decem-
Der. 1852 5; January, 1S.45 a 50; Feb
ruary. 13.4Oa4j
METALS-Exchange quotes lead
quiet. spot February, March. offered
$40: Spclter quiet. East st. Louis
spot February, $50 to 6A5 March,
April, May. $50 to $40.
The American Smelling and Refn-
ing Company has advanced price OF
lead from s. to $40 New York
The evening world., 1919-02-20
.WhybeFat?
Become Slim This Season

Have YOU heard about the new sys-
TEN for weight reduction
Iou may eat and drink all YOU need,
There is no tedious exercising. Take
little oil Of korein at mealtimes and
when retiring, also follow the simple
clear directions. loss Of weight, ten
to sixty pounds whatever YOU need Ia
loSe). may bc expected by this safe and
pleasant system Of fat reduction, AT
the druggists get small box Of oil
Of koreiu capsules, and start at once
Bc Of normal size, with good figure and
attractive appearance, agile, quick
witted. healthier and more efficient, BY
reducing weight now you are likely tc
avoid one or more diseases. heart weak
ness, sunstroke, apoplexy, etc, and tC
add many years to your life. Remem
ber-oil Of korein, Become thin snc
stay 80. Show others this advertise meat
Adv.
The evening world., 1919-02-20
OUCH! tUMBAGO!
il RUB IT ON BACK
Rub away all pain, soreness,
stiffness. hackaclc, with
B est. Jacobs Liniment"
Ali Pain Is gone :

An ram - gone!
Quickly;-leS! Almost instant re-
lief from soreness, stiffness lsmeness
ard pain follows gentle rubbing
With "St. Jacobs Liniment."
Apply this soothing, penetrating oil
directly upon the ache, and like magic
relief comes "St. Jacobs Liniment"
conquers pain. II is a harmless back
ache. lumbago and sciatica relief
which never dissppoints, cannot in
lure and doesn't burn or discolor the
skin.
Strsightcn up stop those tortur-
Gus stitches" In a moment you will
forget that YOU ever had a back. be-
cause II won't hurt or he siiff or lame
Don't suffer! Get a small trial bottle
of est. Jacobs Liniment' from your
druggist now and get this lasting re-
lief.-Advt
The evening world., 1919-02-20

dorlying market strength. and with a
considerable increase in investment
buying advanced In most cases to
new highs for the present movement.
The Copper shares practically we're
the only market laggards. The Metal
situation continues 70 be unsatisfac To-
tory. II was announced to-day that
sales OF the metal have been made at
lG cents a pound by independent
sellers. and 1t Is the concensus OF
opinion that the big producers will
be forced TO meet this price. How
ever, even in the copper shares. there
Is increasing resistance shown to
liquidating sales. and considering the
nature OF news developments they
arc giving a good account Of them
selves.
The announcement that the i'm
pending Government financing will
he IN the nature OF note offering or
more strictly speaking. a short term
bond offering. continued 10 have n
beneficial effect on all Liberty bond
issues with tho exception OF the s1-2
issue which may lose prestige be-
cause Of some OF the provisions sur
rounding the proposed issue Of short
term bonds.
As the afternoon progressed there
was an increased volume OF realizing
sales which were to be expected in
view of the extent OF the Ldvance,
and while reactions occurred this
profit taking was, for the most part.
easily taken care OF and optimistic
sentiment continues 10 prevail.
Thanks largely to the marked SUE.
cess OF pool operations there Is a pro-
nounccdly better feeling in Wall
Street, in conservative banking quar-
ters as well as commission houses. A
bigger and broader market is looked
for.
Now that the plan for putting rail-
roads under Government control for
another five years has been shelved
for at least eight or ten months, rail-
road issues are in better demand than
AZ any time in weeks The figures on
January export trade, setting a new
high record in the country's history,
came as a distinct and pleasant sur
prise. Numerous annual reports now
being published, disclose returns
which in most cases are much more
favorable than Wall Street expected.
They go far to dsslpnte fears OF divi-
dend reductions which had been prev
alent. Furthermore there are more IA
vorable phases TO the labor situation.
The evening world., 1919-02-20

The questions answered below are
general 10 character. the symptoms or
diseases are given and tho answers viii
aYp.y IA any case o. sim ar nature
.rhoss wishing 'urther advice rec
"'Ty address Dr Lewis Bdkcr college
RldG. college ElNood streets. pEy'pn.
pnlo. on. osing self addressed s'1mpcd
envelope for reply. Fu nam" and al
dress must h" gwen. hu' only tnIia's
or Fictitious names vii he used In nv
answers. THE prescriptions ca1 he MED
~ any We stocked drue store. An
druggist can order o. Wholesaler.
The evening world., 1919-02-20

NoTES--.At the annual meeting OF
! the American Sumatra Tobacco Com
| pany Eugene v. r. Thayer. President
OF the Chase National Bank, was elect
| ed a director TO succeed the late j. Il.
De lamar.
On Feb. 2s n certificate OF rights will
be mailed stockholders OF tho Tobacco
| Products Corporation representing priv
| ilcge to purchase one share of stock OF
Philip Morris Co. at 81 share. Stock
| holders OF record OF that date will have
subscription rights and privilege ex-
tends 10 both common and preferred
stockholders Payment must be made
to Bankers Trust on or before
March Il.
In connection with announcement
that some holdets OF General Asphalt
had started TO convert their General
Asphalt preferred into common stock
on the basis OF l l-2 shares of COM
mon for l Of preferred. IT Is interesting
to- day for the nrst time permit c; a
proit as result OF conversion Shortly
after opening the common sold al II 80
and preferred at lO6-at II 81 the value
OF l-2 shares common Is l07 SIS,
against n price OF i06 for the preferred.
The Hooking Valley Railroad Com
pany has sold 37,500,O00 hve-yesr u per
cent, notes to Kuhn, Loeb Company.
They will be offered to the public at
ss 10, TO yield about $40 per cent.
]. i. Morgan and Company has no;i-
Ned members OF the Syndicate for the
sale OF United Kingdom OF Great Brit
ain and ireland : l-2 per cent. bonds
that an offer has been received for the
unsold balance and that participation in
the sale would cease to-day.
The Offering by the National Lead
Company OF 500 shares OF common
stock to employees at $50 a share re-
suited in an oversubscription OF more
Than 400 shares. subscriptions for lO.-
OH shares were received from bjS en-
ployees. Directors and officers Who al
ready held 100 shares or more we're cut
out OF the allotment entirely.
The evening world., 1919-02-20

points spot cotton steady. up IS
points--m ddling uplands 1905.
GRAIN -- Chicago range tor to-day.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-02

wage increases TO public agencies with the corol-
larry that the bill is to be passed to the
THE PRESENT STREET
RAILWAY SITUATION.
The general the situation are fairly dis
tinct. They may be listed follows:
1. Persistent Evils Overcapitalzation.
?. Increased Costs of Service
3 More Revenues the Insstent Demand.
4. The Abrogation of Franchise
.. Competition by Automobiles AMI Jtneys
6. Decrease of Traffic by Increase OF
Introduction of the zone system as a Means OF
s. Civic Disorders Ahead Unless Effective
Measures Are Taken
3 systems Have Grown Beyond Municipal
10 Public operation without Purchase
FUNDAMENTALS
OF POLICY.
In view al these conditions what is TO be done
with the street railways?
THE SPECULATIVE ELEMENT
MUST BE REMOVED.
In the first place it is agreed that the speculative
element railway investments mus be
and that the public must the benefit the
means of attaining is public ownership and
operation public operation with private ownership
difficulties N public operation
which still terrifying TO the majority OF people
who in position TO formulate pubic policies
put practical effect, immense
difficulty in settling the dispute the value of
property for the Of the change Whether the
public buys property merely guarantees
an annual return upon its value. il cannot afford to
recognize an investment is grossly excessive
The street railway business is not what once
Since OF nyrads OF automobiles a city
get alCng for a few days in a way
when the street stop entirely.
expected that in normal times well-developed urban
communities the street railway business be made
self-sustaining But the future rosy. In
in unit fares and shortened fare have
n tendency defeat their immediate purpose
and stimulate competition make further nroads
upon traffic. This forecasts radical change in the
of the railway public utility in
character OF the service renders financial
results OF such change extremely dubious
IT ; apparent that neither under private under
public agement there be any hopeful future
profit the urban transit business unless the
OF the conservative capitalization. There
absolutely hope that the mules which pulling
in 1879 and the cables that scrapped
1899 will be able continue indefinitely TO earn
dividends in the street railway business. They
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-02
STREET RAILWAY ADJUSTMENT PROBLEM
THAT CONFRONTS THE AMERICAN CITIES

been outflanked They should have retired long
II looks now like unconditional surrender for them.
The only possible railway bust
ness as business lies in the cutting down Of capital
investments to bedrock value as first step The cee-
bratcd halo intangible value by wearins
down of property will have be blown away
forgotten engineers dreams Of overhead
designed to make for deficiencies in the value
visible property will have to be disspated. Bond
discounts reflectng unsound financial arrangements,
promoters profits for securing Improbable franchises
and promoting disastrous concentrations and many an
wrath Of the corporation cOnjurers hired to find
values where they DO not exist. will have
toned when the capital accounts Is being hXe
Perpetual rentals based franchise values will have
o I believe that by the drastic
such these and by the institution OF economies
such as operation the railway bust
mes brought back normal times a self
sustaining basis large urban communities But
where subvvays congested
extended through the fields.
earning power of the business. IL proper service
given will doubtful under the
SERVICE MUST BE
RENDERED AT COST.
n place. is pretty we'll agreed that
with the removal of the speculative element street
railway service rendered
understood that the cost" includes
esslry return upon a secured investment the
condensation for competent management. The
whatever it will have be paid either By
patrons of the by the general public. As
piled individual street railway enterprise. thin
ccrollary Of the conclusion that the speculative
way business generally it only another version Of the
welk known axiom that ca your and
have 1t is the universal compen-
WAGES AND CONDITIONS OF LABOR TO
BE FINED AND STRIKES To BE OUTLANED
In the third place. the responsibility
and conditions Of labor cannot be left the old
days TO the discretion of The employing companies
There is still considerable difference opinion q
the most feasible solution this problem Laoor hes
TO give up the right c strike
where continuity IS essential the public welfare
II is ntolerable that the pubic should have no
guaranty Of service pending the adjustment
disputes. In my opinion, the power fix wages and
working conditions will have to be conferred upon TIE
rates. and strikes railways viii have
outlawed. This policy involves the participation OF
public authority in much intimate and vital
the management OF the business OF urban
portation. and greatly the margin OF differ
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-02
BY Delos f. Wilcox. Phi. d.

We have reached a crisis street railway bush
The crisis has been fastened by the extraordi
nary prices Of labor and materials and by scarcity
of capital incident to the carrying of unprece
denied in unprecedented way, but its origin
much farther back It is doubtful whether the close
of the will restore normal conditions in local
portation, and if approximately old
should be brought back it Will not be easy for the
street railways to recover from the financial
distress Of the present time II is like long spell of
sickness with man who is past his prime The street
railways may get around again., hut they will
be quite same" they before
THE 5-CENT FARE THE
BASIS OF SPECULATION.
The traditional hxed fare wit general free
transfer privileges has heretofore chief bas-
ton the speculative lines of defense the street
relationship between the city and transit service
municipality without initiative generally
without transit powers has said the railway
promoter: Here is franchise TO streets
may charge ride. Go It and make what
you can" That looked good the promoter and so
he established stock and bond factory pur-
pose OF carrying out his speculation
It must be admitted think. that in the development
of street railway systems and the CORPORATIONS which
control them in this country the idea of pubc sery-
has generally been incidental driving force.
that has negotiated franchises engineered
leases consultations and mergers and piled Cssa on
Pelion n organization HOLDING, companies has
in the main been the desire for nlegitimate profits
DO refer In this connection the superintendent
of transportation and other members OF the operating
forces but rather 10 the financial magnates who deal
traction securities and exercise ultimate control
street railway policies from the private point OF view
These gentlemen reside financial centers of the
country. their manipulation of street railway
properties represent all the evils indirect unree-
lated. absentee ownership. The application of the
gamblers motives the control and manipulation OF
street has resulted universal over
capitalization inflated claims OF value and reckless
financing.
WHAT STREET RAILWAY COMPANIES
ARE NOW SEEKING TO ACCOMPLISH.
n the present OF financial distress when II is
there is future speculation in street
railway enterprises the public corporations are
seeking themselves by accomplishing three
things:
First the definite abrogation OF their contracts
respect rates and limits.
Second. the definite public recognition OF their
capitalization and earnings prior to the not
excessive.
Third, the definite shifting Of responsible, for
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-02

CONTINUED on PAGE Two.l
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-02

CONTINUED ON PAGE TWO.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-02

wage increases to public agencies, with the coroi
larry that the bill is TO be passed to the rate
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-02
CONTENTS

pdito~4si Comment, School PafA
wouan's Section and Othsr FsA-
lures Of General Interest