davidaulloa/AmericanStories huggingface dataset:
Evening journal., 1919-09-04
Railroad Rates andCosfofLiving
From Daily Flna ncisl Amerlca.)

/ Now lake underwear. not the silk
/ Kind That is favored by the labor agi-
itators and plutocrats, but the cotton
/ things that most OF ms everyday fel-
lows wear Since 1910 the price OF a
suit transported from Boston to CHI
cago has Increased 1850 mills. or this
Increase the charge for transportation
accounts for three mills, say one mill
in al. The 4i6 mills Just growed," /"
Ike Topsy.
A pair Of shoes transported from
Boston TO Chicago has increased In
price $500 mills. The freight rate on
shoes transported over that distance
has increased six mills per pair. This
accounts for less than one mill in 5S3
OF the Increase. What about The 5s2
plus, Which the. railroad does not get?
Similar examples might be piled up
until the entire field Of the necessarles
OF life is covered, but these are enough
for one purpose. They prove absO-
lutely that no coin Of ours Is small
enough TO represent the increase in the
cost OF things in daily use for which
the increase in transportation rates Is
responsible. II but one red cent had
been added in every such case to
recompense the dealer for the increased
cost OF transportation. he would have
been proilleering grossly.
The plain truth OF the matter Is that
railroad freight rates might be doubled
and again doubled without increasing
the cost of living materially. Also they
might be cut in halves without other
result Than TO increase prices sim more
through The scarcity that would be
caused by starved transportation.
In The good old days. about which
our fathers and grandfathers never tire
OF speaking there were no railroads.
and transportation cost 20 times and
often 100 times as much as the rail-
roads ever have charged. But there
was no hullabaloo about the high cost
OF living. There were high prices due
TO scarcity, but practically none OF lhe
cold-blooded pr0fteering 10 which we
have become used in late years.
Charging the railroads with every
crime on the calendar is no new thing.
The grafllng politician has made use Of
such camouilage TO hide his crooked
ness. Predatory corporations have en-
ployed 10 to further their schemes. Now
The sneakng pronleer-cal him a food
profteer. a rent proflleer, it makes lit
tie dlffercnce-is resorting to II TO di-
vert attention from himself
Evening journal., 1919-09-04

Of Philadelphia, have returned from a
visit to Mr.. Curry's sister, Mrs. w. G.
Roe, Of smyrna: Mrs. Charles Fair
lamb and two children, OF Morton, pa,
were guests over Labor Day OF Mrs.
John w. Hutchinson, Of Smyrna: Mrs.
d. W. LaPaugh, Of Denver. Colo, is
visiting her brother, the Rev Thomas
Getz Hill and family, OF Smyrna. and
Mr.. Hills niece, Miss Chloe Hill, OF
Baltimore, Md, is also their guest;
former Lieutenant Commander Frank
Reynolds, United States Navy, aud Mrs.
Reynolds spent a couple OF days in
Smyrna last week with Mr.. Reynolds
grandparents, Mr.. and Mrs. William A.
FAIRIES. Mr.. Reynolds has been dis
charged from the United States service
and will, with his family, leave for
Florida in the near futre, where he has
accepted a position.
Evening journal., 1919-09-04
SMYRNA CARNIVAL
RECEIPTS, $1,000
specIal % The Eyenlng IournaI.

Special to The Evening Journal
SMYRNA, sept. i.-The- receipts Of
flremen's carnival, which closed
3 Saturday night, totalIed $1,000
Mr.. and Mrs. Walter Tatnal have
returned from their wedding trip
spent at Atlantic City, and will reside
in smyrna; Mr.. and Mrs. Daniel Wells,
of near Philadelphia, are visiting Mrs.
Mells' daughter, Mrs. Harvey FAIRIES. Of
Smyrna; Mrs. Samuel Denny, Of Phila-
dephia, has returned there from a visit
TO Mrs. Wllliam Armstrong, Of smyrna ;
Mrs. Ralston McCausland, Mr.. and Mrs.
Homer Smith and William Bell, all Of
{, philadelphia, were recent guests OF
Mrs. Alfred Smith, Of smyrna; Miss
Amanda Fisher, OF Philadelphia, was
'he guest over Labor Day Of Mrs. John
H. Tucker; Mr.. and Mrs. Robert Curry,
Evening journal., 1919-09-04
GRACE EPWORTH
LEAGUE CUAITAUOIlA

During next week on every night at
f.s5 O'Clock there will be session OF
the Grace Epworth League Chautauqua.
The Chautauqua will be run along the
same lines as the Chautaqua that is
held here In the late spring each year.
There will be some musical feature
preceding an address every evening dur
hold this Chautauqua In tent. but be-
cause OF the GOODNESS OF the evenings,
IT has been decided to hold IL in the
Sunday school auditorium. This is the
first time anything along this line has
been tried in Wilmington and a great
Evening journal., 1919-09-04
SOLDIERS WANT dORs.

More jobs are needed for Wilmington
soldiers who have recently been dis
from the army. The Federal
Bureau, at Sixth and King
streets, appeals to employers who have
to notify the department.
The soldiers have made application for
work as chauffeurs, truck drivers, cleri-
cal workers, statesmen, mechanics and
laborers.
Evening journal., 1919-09-04

Mark Off one side into half-inch
squares.
Begin TO draw in the center Of the
first square and follow the diagram
closely. The squares viii show you
Just how TO draw.
Cut out the baby on the heavy lines,
Evening journal., 1919-09-04

deal OF interest centers In it. Admls-
sion TO the Chautauqua is free and
members and friends or Grace Church
are invited to attend the various ses-
slOns.
Evening journal., 1919-09-04
by AUNT GRACE.

Now you can make a real sunbonnet
baby that stands alonel
Here is the way to do it.
Use q piece of rather stiff white paper
ten inches long and four inches wide
and foic 1t In the center.
Evening journal., 1919-09-04

erase the pencil marks, and paint or
color her dress and bonnet with water
colors or crayons.
Evening journal., 1919-09-04

Italians Of the earthquake wrecked
NIugelo Valley plan to rename one OF
the ruined villages America"
Evening journal., 1919-09-04

Work and workers unite in the Want
Ads.
New-York tribune., 1919-06-19
Market Opinion
COnvaleScence

A man who has been very i'll does
not jump out of his sickbed and re-
sumo the full activities of iiie the very
first day; it is likely to bring a re-
lapse. A normal experience in specu-
lative affairs the next few weeks will
comprise smaller volume of business.
with a backing and filling of prices,
while in world politics and in interna-
tfonal and domestic banking we are
getting our bearings Childs
& Co.
Credit the Force
The principal force behind this mar
ket has been expansion and imitation.
This applies as much to market credit
as to business and commercial credit.
Put any obstacle in the way of obtain
ing this credit. and Immediately the
market is deprived of much of it's am
munition. Hayden, Stone G Co.
Susceptible
Before the break the market moved
forward for a long spell, ignoring un-
favorable news. 1t will now be sus
ceptible to bad news.-E. w. Wagner
e Co.
why Response Is Slow
One of the peculiar features of the
market at present is the fact that a
great DEAL if not the larger part, of
the business is coming from out of
town and principally from the indus
trial and agricultural centres. To this
is accountable the slow response to
some of the news developments by in
vestors who are not accustomed to the
prompt appraisal usual to Wall Street
operation.-Mor0on Davis & Co.
Selected Stocks
Selected stocks now look like a pur-
chase on any fresh declines The mar
kct's recent heavily overbought con-
ditlon has been corrected by the lqui-
dation Of the last week, and we have
now undoubtedly seen the worst of the
disturbance in the local money market
over the July / disburscments.-S. B.
Chopin e Co.
New-York tribune., 1919-06-19
Outflow of Gold
To the Far East
Starts To-day
Japanese Banker Predicts
That $5O,OOO,O 900 Worth
of Metal Will Be Shipped
to the Orient From u. S.

The first part of large movement
Of gold from the United States to the
Far East will be shipped to-day from
San Francisco. The Bank of Taiwan
is shipping $2,5oo,oOo in gold bars
from the coast to the Island of For
mosa, where the metal is to be used
as reserve behind circulating cur
rency issued by the bank. Other ship
ments will be made shortly, 1t is ex-
pected
An official of one of the principal
Japanese banking agencies in the
United States estimated yesterday that
approximately $50,00O,O00 of gold
would go to Japan and the Far East
before the present movement is over.
Some gold has already been shipped
from San Francisco, although no an
nouncement has been made of the
amount.
At the present time the Japanese
banks have applications in to the Fed
eral Reserve authorities at Washing
ton for permission to ship approx
mately $30,000,000. This represents
gold that has accumulated here to
Japanese account and which could not
be shipped when the United States put
the embargo on gold exports in Sep
tember, 1917.
Large gold shipments continue to
South America, and yesterday the Ma
tional City Bank of New York ar
ranged for the shipment of another
S3,0oo,000. Altogether approximately
$25,000,00O of gold has been shipped
to different South American countries
since the export ban was lifted fort
night ago. The greater part of gold
going forward to South America repre-
sents the fulfilment of the pledge
made eighteen months ago when
credit was established here in favor
of Argentina. At the time it was
stated that gold would be allowed to
go to Argentina as soon as the United
States lifted the embargo
New-York tribune., 1919-06-19
Central Union Acts
To Block B. r. T.
Financing Plan
Contended Garrison Lacks
Authority to Issue $780,
100000 Receivers Certif.
icates for Construction

Opposition to the issuance by the
Brooklyn Rapid Transit Company of
$2O,000,000 receivers certificates was
voiced yesterday in the United States
Circuit Court of Appeals by the Cen
trail Union Trust Company, trustee un-
der tho first refunding mortgage gold
bonds. The judges who heard the ap-
peal from previous order of Judge
Julius M. Mayer. granting the company
the right to issue the certificates were
Judges Henry G. Ward, Charles M.
Hough and Henry W. Rogers.
H. V. Poor, John NJ. Perry and C. B.
Hughes appeared as counsel for the
trust company, while .Lindley M. Gar
rison, receiver of the B. R. T., and Carl
M. Owen, COUNSEL represented the COM
pany. The chief arguments on which
the appeal was based were set forth
as follows:
That the Brooklyn Rapid Transit
Company is a private business corpora
tion and no authority exists to displace
existing loans upon it's property by the
issue of receivers certificates without
the consent Of the lien holders
That no authority exists to issue
receivers certificates in aid of the
power plant construction projected.
Mr.. Garrison went into details regard
ing the necessity of raising money to
preserve the property. He said that
the court must picture situation
where only $5,0oo,ooO of the $27 900, 900
bondholders appear in the objection.
In so far as it is proposed that money
shall be raised for power house pur-
poses he emphasized that this was
purely work of preservation.
Failure to complete this construc-
tion," he added, "will jeopardize the
vast investment of the B. R. T. and of
the refunding bondholders in the New
York Consolidated and the New York
Municipal situation. Furthermore, the
Brooklyn Rapid Transit Company
is the sole present source of supply
to the entire rapid transit system as
operated in the boroughs of Kings and
Queens. At the present time the power
which it furnishes to the system is not
adequate for the needs thereof in that
there is not a sufficient margin of
safety of provision of power over power
consumption to allow for ordinary ac-
cidents and ordinary repairs to elec-
trical units.
'In order not only properly to con-
duct the business of the Rapid Transit
system but of the surface lines, in all
of which the refunding bondholders
have very substantial investment,
and in order properly to conduct it's
business SO as to prevent the forfeiture
of franchises it is essential that this
work of completing the power house
facilities be continped."
The Central Union Trust Company
contended that power equipment and
other facilities of the B. R. T. are
sufficient to supply the needs of the
surface lines or of the Rapid Transit
lines and that the contemplated ex-
penditure is urged so that the B. R. T.
may supply the power which the sub
way must furnish in order to perform
it's contract with the city.
New-York tribune., 1919-06-19
Unite to Protect
Chicago Elevated
Ry. Noteholders
Default Expected on Sl3,-
626,OOO Issue; Commit
tee Hopes to Accomplish
Unity of Traction Lines

Important developments in the Chi
cago traction situation were forecast
yesterday by action taken to protect
the ~interests of the holders of the
$13, ,6260 900 two-ycar per cent notes
of the Chicago Elevated Railways.
Default of the issue, which natures
both as to principal and interest on
July !, was declared to be certain, and
in anticipation of that event a~protec
tive committee has been organized con-
sisting Of the following members:
Charles Z. Mitchell, president of the
National City Company; George M.
Reynolds, president of the Contnen-
tai and Commercial National Bank, of
Chicago; John II. Mason, president Of
the Commercial Trust Company, of
Philadelphia; T. Hartley Given, presi-
dent of the Farmers Deposit National
Bank, Pittsburgh, and r. Floyd Clnch,
of Crerar, Clnch & Co., Chicago.
The aim of the committee, it was
stated, would be to cooperate with the
traction interests of Chicago in bring
ing about a unification of the various
lines to secure greater economies Of
operation. While no plans have yet
been formulated, it was limited that
such a programme might involve the
utilization of Chicago's $20,000000
traction fund for building a new sub
way, which, with the surface lines,
might act as a feeder to the elevated
system.
The Chicago Elevated Railways Col
lateral Trust, voluntary association,
controls through stock ownership all
the elevated roads Of Chicago. The
rsilways as of July 1, 1914, issued
$4,000, 900 secured 5 per cent gold
notes, which matured July l, 1916.
Notes to the par value OF $13,626,000
were extended at the rate Of 6 per
cent, and it is this part of the original
issue that is expected to be defaulted.
For the calendar year 1918 the Chi
cago elevated system showed a de-
felt after payment of interest charges.
On November %, 1918, the elevated
lines were granted an increase in
fares from cents to 6 cents, but the
surface lines were not successful in
their efforts for higher rates. The re-
suit has been the divergence of con-
snderable traffic to the surface lines.
The protective committee is advised
that the increased income of the ele-
waited system under the Scent fare
has not been sufficient to offset the
increased wages and other operating
expenses, and that recently earnings
have been less than for the CORE
spending period a year ago.
New-York tribune., 1919-06-19
Wall Street Items

Charles J. Edwards. manager of the
Equitable Life Assurance Society, has been
elected director of the New York Title
and Mortgage Company.
Harry Roberts has been appointed au-
ditor of the Metr opoitan Trust COMPANY
Tho Guaranty Trust Company has been
appointed transfer agent for the stock Of
the American Malt and Grain Company
and the Seaboard OIL and Gas Company
At meeting of the board of directors
bonus of 2l1 per cent of their annual 81 e.
aries was voted the employees who have
been in the service of the bank since
April l. An additional 2h per cent was
voted the employees in the service OF the
bank six months or more Those employees
VINO lett the bank to go into government
service and who are now employed by
the bank will receive the full S per cent
bonus. These awards are in addition to
the yearly bonuses voted January l.
New-York tribune., 1919-06-19
Sales of Land Bank Bonds

1t is understood that at the close
of business yesterday third of the
$54,000,000 Federal Land Bank bonds
had been Sold The issue bears IL
per cent, is offered at 1909 and inter
est and yields the investor 4.38 per
cent, but is as exempt from taxation
as the first Liberty Loan 315s. The
syndicate offering the bonds includes
$50 to 400 dealers, and is managed by
the National City Company, Harris,
Forbes & Co., Lee, Higginson e. Co.,
Brown Brothers & Co. and Alexander
Brown & Sons
New-York tribune., 1919-06-19
After the Signing

A few weeks ago a favorite view on
the action of the stock market after
the signing of the peace treaty was
that prices would decline, as the
market had been "discounting" pre-
cisely that event for months past
Since the break, however, and the re-
adjustment of the markets internal
condition, belief has become wide
spread that the signing of the treaty
would lead to a rise similar to that
following the armistice, because it
would break the tension and anxiety
felt for the last few weeks. Whether
this advance would endure for several
weeks or for only a few days is another
moot question. Some prophets think
it would be of short duration, fol-
lowed by a decline.
New-York tribune., 1919-06-19
Symington Company Reports
1913 Surplus of $4,000

Annual report of the T. H. Syming-
ton Company for the year ended De-
cembcr 81, 1918, shows surplus after
charges and taxes Of $379,969. After
the deduction of estimated Federal
taxes of $4,000, the balance of $337,-
769 was equivalent to S22.51 share
earned on the $1,500,000 preferred
stock, against $41.06 a share in the
preceding year. Holders of the stock
shared $240,000 in dividend disburse-
ments, leaving S139,969 surplus for
the wear
New-York tribune., 1919-06-19
Russian Bonds

The failure of Russia to take up the
$50,000,000 Russian government 61s per
cent bonds foated in this city three
years ago, which matured yesterday.
has lead to the quoting of the bonds
'"hat" from now on until they are
paid by that country The 51a per
cent bonds will be traded in with in
terest" as paid as they do not mature
until 1901
New-York tribune., 1919-06-19
American Car and Foundry

Renewed pool operations are said to
have started in American Car and
Foundry. These operations are based
on the annual report which is expected
June %. 1t is stated in some quarters
that the company will show S35 a share
on the common stock after taxes and
net working capital of over $40, 100000
1t is also asserted that the company
will set aside another years dividend
reserve at the So rate, making divi-
dends secure at that figure for the
next four years.
New-York tribune., 1919-06-19
Money and Credit

Call money opened and renewed at
8 per cent for mixed collateral and s1a
per cent for alI-industrial collateral,
compared with renewal rates Of o and
10 per cent on Tuesday. From then on
the course OF rates was downward, un-
til at the close Of the session mixed
collateral loans were 6H per cent and
industrial loans 8 per cent.
Demand for time money was not 10
New-York tribune., 1919-06-19
Sinclair OILS Quarter

The Sinclair Oil and Refining Com
pany reports for the quarter ended
March 81, 1919, net earnings from
operation of $3,384,366, an increase of
70 per cent over the corresponding
quarter of last year. After deducting
interest and discounts, the balance be-
fore Federal taxes, amortization and
depreciation was $2,847,829, an in
crease of 81 per cent over the cor
responding period of 1918.
New-York tribune., 1919-06-19
Interpreting the Rise

Discussion differed as to whether
yesterdays movement was mere
continuation of the recovery which
set in Tuesday, brought about by
further short covering, or whether the
rise bore any relation to the probable
action of the Germans in signing or
rejecting the peace treaty. The ad-
vance was interpreted by some as in
dcating a belief On the part OF the
trading community that Germany
"ould not sign. Such an intcrpreta-
ton is courageous in such stock
market, as subject as this one TO vio-
lent movements brought about by its
own internal condition.. Call money,
though it opened at and 8 II per cent,
again declined, closing at 512 and 6
per cent.
New-York tribune., 1919-06-19
The Markets
Stock Movement

Yesterdays stock market was an
other upward movement, not so violent
as on Tuesday, but with notable
strength. Among the prominent gains
were 6 points in American Car and
Foundry, 612 in American Tobacco, Az
IN American Woolen, 97s in General
Motors, els in Sinclair Oil, 5s4 in
Texas e. Pacific, 1919 in Texas Cor>.
rany, 3sa in Tobacco Products. 5ls in
United Cigar Stores, and in Wcsting
house Airbraks. Steel common was &C.
tive and sold to 1919. but reacted to
lo6%, net gain CT only y Of point
at the close.
New-York tribune., 1919-06-19
Dollar in Foreign Exchange

Sterling exchange rates displayed q
firmer tone in a dull market yesterday.
Rates on Paris were easier. There was
a further decline in Danish exchange.
(Quoted dollars to the pound.)
New-York tribune., 1919-06-19
Dividends 8
Extras

e. w. Bliss Company.--An extra divi-
In addition to the regular quarterly divi-
dcnds OF s21s cents on the common and
payable July to stockholders OF record
June "a.
Manning. Maxwell & Moore Company
Extra dividend Of ia per cent has been
New-York tribune., 1919-06-19
J. X. Rice, Jr. &Co. Buy & Sell

j. X. Rice, Jr. & Co. Buy & Sell
Aeolian Company Pfd.
Aeolian Weber p. & r. Com. & Pfd.
American Alliance Insurance
American Mailing Com.
American Piano Com. & Pfd.
Bank of America Stock.
Bankers Trust Co. stock
i Il. w. Bliss Com.
/ Continental Insurance
I Bank of New York Stock
l Del. Lackawanna Coal
Franklin Fire Insurance
Foundation Company
Farmers Loan 4 Trust Stock
& Great American Ins.
& Hanover Fire Insurance
1ntl & CT. Northern Corp.
Knox Hat Co. All Issues
i Kirby Lumber Com. & Pfd.
Lehigh Valley Coal Sales
Lord & Taylor
Midland Securities
n National Fuel Gas
Niagara Insurance
Miles, ement- Pond Com.
New York State Railways Com. & Pfd.
i Otis Elevator Com.
4 Old Dominion Steamship
Port Iobos Petroleum
t. Pyrene Manufacturing
Remington Typewriter Stock
Singer Manufacturing
4 Standard Screw Com
Standard Oil of New Jersey
i Texas Pacific Coal & Oil
Texas 4 Pacific Land Trust Cts,
Victor Talking Machine
Wright-Martin Pfd.
J.k.Rice ,Jr.&Co.
Phones 1000 to 4olo John. as Wall ST.. N. Y
New-York tribune., 1919-06-19

London Money Market.-LONDON
June 18.-Closing rate for money, 2%
per cent. Discount rates: Short bills,
31a per cent; three month bills, 33s per
cent Gold premium at Lisbon, 150
New-York tribune., 1919-06-19
Markets Inv vestm ents

large as during the past few days, but
borrowers still bid 6 per cent for ac-
commodations covering all dates on
both classes of collateral Little money
is offered.
The ruling rates for money yester-
day, compared with year ago, were
as follows:
Call money:
Yesterday. Year ago.
Per cent. Per cent
On mixed collateral 6
On indus. collateral 8L2 6La
New-York tribune., 1919-06-19

Following are the official rates quoted
by the American Relief Administration
on exchange against the countries on
which it has supervision over all
dealings:
Marks to the dollar
Germany ......... 1855
i lHlduU 900
Kronen to the dollar
Czecho- -Slovakia ........ 1850
German Austria ........ "a
Jugo- Slavia ............ %
Lei to the dollar
Rumania ............... 9.35
New-York tribune., 1919-06-19
British Victory and
Funding Bonds

Owing to the low rate of exchange why invest the four per
cent British Funding Loan and Victory Bonds? The
obe $50 and 885 for each s0o par value which, the
OF exchange approxmates 95O and 98OO with
poporonate yield investment The
income and all non-resdents Great
Britain.
The Victory Bonds accepted payment
at their face value. The Funding oks bonds
accepted for British death duties
The AngloSouh American Bank Limited will be glad
NIT applications through its head office London, which will
securities safe custody if desired and collect
bonds free of charge
e
Write for &C."
ANGLO SOUTH AMERICAN BANK It'd
New York Agency, 49 Broadway
mead O1hce % Hadins HIo. Capital Reserves
Aonoon W NJ Dwdn subA