davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-12-28
Mortgage Bill Aims
To Help III ON e
Construction
Measure Before Congress
Relieves From Taxation
Incomes of $4,000 Re-
ceived From These Loans
By rank Bailey

Vace-P President Title Guarantee and
Trust Companu


Trust Company
Real estate interests and those
wishing to improve large communities
nave begun to appreciate the difficulty
in obtaining large sums of money. and
also that the rate Of interest has
reached higher level, and that the
rate of interest in Manhattan also is
fast approaching a legal limit of G
per cent.
The large sums of money, limited as
they are to two or three sources, are
most difficult to obtain at any reason
able basis of charge. Attempts are he
ing made to meet the demand for large
sums by distributing mortgages in
small amounts, but the cost of obtain
ing these mortgages is such that the
cost OF obtaining a large loan is equiv
alent to nearly per cent interest for
the duration of the mortgage
There is but one possibility of re-
net IN sight and that is the passage
or the bill known as II. r. S0SO-a bill
70 encourage the building Of homes, by
provldlng for exemption from taxation
OF the income of mortgages on real cs-
tate, now before Congress, relieving
$4,000 OF mortgages in the hands of
an individual from income tax. Every
'ndlvidual now holding large amount.
OF mortgages with an income of over
$4,000, is compelled to call those mort
cages and invest the proceeds either
IN preferred stocks, which pay approx
mately per cent and are exempt from
the normal tax. Or if his income IS
much above $4,000 in municipal and
state bonds, which are selling at a
rate better than the United States GOV
ernment bonds, because of their free
dom from all taxation of any kind
whatever
Tenant Pays the Increase
If the real estate interests do not stir
themselves and endeavor to obtain the
passage of this bill, which exempts
$4,000 of mortgages in the hands of
every individual, l believe that there
Will be a still greater dearth OF money.
and that money will be obtained in
large sums on Y at rate of at least
Z per cent for the period of the mort
gage. The tenant pays that increased
rate of interest, for the owner will not
build, nor will the buyer buy unless the
rent is sufficient to meet his fixed
charges and produce net to the
owner.
This is bill in which the tenant
should be interested as much as The
owner, and there is a great probability
now that the bill can be passed if it is
shown to the representatives in Wash
lngton that there is a public demand.
This is the job of every real estate
owner, builder and tenant, and he
should give it his attention by writing
his Congressman at once.
New-York tribune., 1919-12-28

tions. I am advised by some Of the
leading builders that costs will not
only hold next year but might go
higher.
Advises Buying Now
Land and rental values in the finan-
cial section are higher now than at any
other time in the history of the city.
believe that these values will hold. and
think it advisable for any one wish
ing to purchase a building for his own
occupancy to do so while the opportu-
nifty exists to make a selection.
Looking forward, l think the new
year will bring much more activity
than we have had this year, and believe
that the shortage of space will still
continue to be felt because new build
ings erected in all parts of the city
have in nearly every instance been
leased from the plans. There must be
more new buildings erected of every
character to take care Of the ever in
creasing demand of this city, which is
to-day the financial center of the world.
New-York tribune., 1919-12-18
indian Ideal Soldier''
--------A
Choclaw Is Chosen as Model of
Typical DOuohbOv

WASHINGTON, Dec. 17.-Otis W.
Leader, Choctaw Indian. of Calvin,
Okla, who was with the artillery force
which fired the first American shots in
the World War, and who, after having
engaged in the major operations of
Chateau Thierry, st. Mihel and the Ar
gonnc, was stiI "preseA and accounted
for' when the last guns of the war
were fred, has been selected as a
model by the French artist Devcr-
reaux for a portrait of a typical Amcri-
can soldier,
Leader, who trained with the Blue
Devils when he went to France, was al
most continuously under fire. At Cha
teau Thierry he was cited for fighting
with the infantry for three days after
the entire gun crew to which he had
been attached had been killed. During
the engagement he succeeded in captur-
ing two machine guns and eighteen
prisoners.
Leader still is under treatment for
mustard gas burns.
New-York tribune., 1919-12-18
Complain Of Cold Cars
On marlborough Road

Complaints that subway and elevated
cars were being run with reduced heat
or none at all and with lights cut down,
although the fuel restriction which
called for these measures was lifted
last Saturday, have been received by
the Public Service Commission.
Commissioner Lewis Nixon an
nounced last night that he would start
an investigation of and would forth
with order the companies to turn on
the heat He is also TO look into re
ports that steam railroads in this dis
trict have maintained the reduced
service of the coal famine period, al
though the number of passengers car
ried is much greater now han usual,
because of the approaching holidays.
This is the second time in less than
a week. it was said last night at the
Public Service Commi mission's Office. that
the Interborough has been accused Of
not supplying heat in the cars.
con Saturday. just as soon as the
fuel ban was lifted orders were issued
to restore the heating of cars through
out the city, said Commissioner Nixon.
Some excuse might have held for some
delay in the early restoring of service.
The order was not complied with in
many instances reported to us, and
peremptory orders were issued to en-
force heating
New-York tribune., 1919-12-18

A dispatch from Paris Decembs, i.
said the. Supreme Council had ,ac,s.
that day the principles on which =.
light German warships would ha '.s ..
yded among the smaller powers ~. "
coast defense purposes. The ailotr...,.
to the nations was not made public
New-York tribune., 1919-12-18
Osborne Denies Planning
National Prison Reform

PORTSMOUTH, n. H., Dec. 17-Leu-
tenant Commander Thomas Mott Os-
borne, in charge of the United States
naval prison here. in statement to-
night disclaimed knowledge of plans
for a nation-wi drive for prison re-
form. He characterized as "falsc and
silly a report accrediting such plans
to him.
II am still in the naval service"
Commander Osborne said in his state
ment, "and am attending strictly to my
duties at the naval prison. Moreover,
| should never consider it my business
to reform prisons all over the country.
AS citizen of New York. have quite
enough in that line at home.
"lf any group of people of any par
tlcular state want the aid of my ex-
perience in prison matters, they are
welcome to it; but the job belongs to
them, not to me. l know nothing of
any ex-convict putting his millions
into prison reform, as has been init
mated recently. | wish did.
Il repeat that it Is the duty of the
citizens Of each state to learn of the
actual conditions, to realize how crime
has increased, not diminished, under
prevailing prison methods, and then to
find the remedy. 1t is not hard to find
nor deeply scientific. 1t is merely ap-
pllcatlon of common sense"
New-York tribune., 1919-12-18

neys' Offices functioning in New York
County at the same time; no special
staff; that part is decided"
Nh Swami said that the question of
denying him minutes had not been
brought up and that it will not be de-
termincd until raised" On the basis
of former statements Mr.. Swami is ex
pected to oppose this move. He said
that the question of removal of the
jury from the building which houses
his Offices had not been raised.
Jury Insists on Special Staff
Mr.. Proskaucr is expected to give
out to-day his correspondence with Mr.
Swami and the jury. The jurors, it il
known. will not alter demands for a
special staff. 1t also became known
that the jury will take it's two weeks
recess as scheduled on December 10,
despite Governor Smiths discourage
mcnt Of this plan and his exhortation
that the Jury get down to work" The
jurors, it was said. resent this crit
cism. They arc said to feel that the re-
cess will have expired before arrange
ments for the continuance of the in
GulrIes are made.
New-York tribune., 1919-12-18
Hylan and Craig
Oppose Longg-Tern
Highway Bonds
Their Representatives OBJ
ject to 5O-Year Maturity
for $1OO,OOO,O 900 To Be
Appropriated by the State
.Special Correspondence

ALBANY, Dec. 17-Strong opposi-
way bond issue developed to-day at the
conference called by Governor Smith
to discuss the states policy of fnanc-
irg future road building The issuance
Of serial bonds and the pay-as-you-go
policy were put forward as more eco
nomical from business point of view.
State Comptroller Eugene NJ. Travis
explained that it would cost the state
$500, 100000 to retire the 500, 900, 900
Of fifty-year highway bonds now out
standing He said that to pay for
these bonds the state is now contribut-
ing yearly S6O0O,0O0 to the sinking
fund SO 100000 for each Of the prevl-
GUS $50 100000 issues. This will have
to be done for a period of fifty years.
"If the state" said the Comptroller,
chad instead appropriated $7,60O.O00 Il
year, or only $l,600,000 more than the
$4,000 900 sinking fund contribution, 1T
could have raised nearly 100000. 900
for highways in thirteen years.
The delegation from New York City
objected to the proposed bond issue
Duncan Machines, representing Charles
J.. Craig, the City Comptroller declared
that long term bond issues are eXtrava-
CANT and that as New York City would
have to pay 70 per cent Of the cost II
should have some voice in the states
highway financing policy. He favored
serial bonds and said he did not think
a constitutional amendment would be
necessary for this form of financing
John Godfrey SAKE, for the City Club
of New York, and Joseph A. Guider,
Superintendent of Public Works of
Brooklyn, for Mayor Hylan, also op-
posed the long-term bond issue. Mr..
Guider declared that the comptrollers
of the City Of New York and other
cities of the state should be called IN
conference to decide the best tinan-
cial plan.
Senator Henry NJ. Sage, chairman Of
the Finance Committee, said the state
budget was leaping ahead with such
bounds that it was time the state
slowed down and paid as it went
The 100000, 900 bond issue was
favored by representatives of the New
York State Motor Federation and from
chambers of commerce and other or
CARNATIONS of cities in the central part
of the state
President H. w Robbins. of the New
York State Automobile Association,
said the bonds should not be for longer
terms than the estimated life of the
roads.
No action was taken by the confer
ence. The arguments presented Will
be laid before the Governor.
New-York tribune., 1919-12-18
Companies Keep Proceeds if
Contract Is Profitable:
Otherwise Ask People to
Pay, Declares the Mayor
Money Hungry, He Adds
City Will Not Take Over
Surface Lines, but Would
Operate the Interborough

Mayor Hylan declared last night that
he would ignore the recommendations
of Stone & Webster. railroad experts,
for increased fares on subway. elevated
and surface lines. made in their report
20 Federal Judge julius NJ. Mayer the
day before.
The Mayor said that the city was
ready and willing to take back the sub
ways. which he stated were paying a
profit and operate them for scent
fare. but that it would not consider
buying the surface lines. He said
operate buses for nickel fare.
After saying that the traction crowd
were hungry for money" but that the
public would not be "buncoed," the
Mavor made this admonition
II hope the people will watch the
public official who favors the taking
of millions from their pockets through
an increase IN fare
The Mayor said he was "at loss" to
understand why the firm Of Stone &
Webster was engaged by the court to
make a report on the lnterborough
Consolidated system.
"Stone & Webster are professional
engineers and accountants who manage
more than 100 corporations in which
he firm of j. F. Morgan & Co. and
other bankers are interested" Hylan's
statement continued 'In fact, Stone
& Webster can be relied upon by the
Wall Street interests at all times"
After giving history of the Inter-
borough Consolidated, with it's tnan
cial changes, the Mayor declared
at is very plain to see that this is
trst-class milking outfit for manipu
ators of transit securities. while the
innocent investor pays the freight
The Mayor recited that the city had
put $500, 100000 into the rapid transit
system and had got nothing out of it,
while the Intcrborough was collecting
the nickels." Continuing. he said:
"The transit lines OF the city have
been paying huge profit for years.
New-York tribune., 1919-12-18
Argentine Envoys on Way
Uruguayan Financial Delegates
AIso Start for II. s.

BUENOS AYRES, Dec. 17.-The Ar
gcntne and Uruguayan delegations to
the international Financial Congress,
to be held in Washington, left here to-
night on board special train for Val
poraiso, from which port, where they
will be joined by the Chilean delega-
ton, they will sail on the steamer Or
cuma, December 23, for New York.
Alerjandro f. Bunge, technical ex-
pert, attached to the Argentine dele
cation, who is a prominent engineer,
intends while in the United States to
visit the leading universities, in fur
thcrance Of a proposal made by Elio-
doro Lobos, dean of the faculty Of eco
nomc sciences Of the Department of
Education, to arrange for visits of
North American professors to lecture
on economies and finance in Argentine
institutions.
New-York tribune., 1919-12-18
Massacre of British Denied
London Refutes Statement Sent
Out by BoIsheyiki

LONDON, Dec 17.-Oficial denial of
the report circulated by the Russian
Bolsheviki that hostile Persians had
massacred the British garrison of 1,30G
men at Meshcd Persia, was made by
the War Office to-day. The announce
ment stated that this report had been
repeated to the War Office without
comment by the officer commanding at
Meshed three days after the alleged
destruction Of himself and his com
mand.' The dispatch from the Meshed
commander was received at 2 O'Clock
this afternoon.
1t is declared by officials here that
New-York tribune., 1919-12-18
War Preparedness
Among Industries
Urged by Baruch
Skeleton Organization in
Department of Commerce
Is Suggested to Mobilize
Resources in Emergencies

WASHINGTON, Dec. 17.-Peace-
time industrial preparedness for war
was recommended by Bernard NJ.
Baruch, former chairman of the War
Industries Board. in report to Presi-
dent Wilson which was submitted to-
day to Congress- Encouragement by
the government of the mining Of cs-
sential war minerals. the preservation
OF skeleton munition plants and the
creation of a skeleton organization
similar to the War Industries Board
were the specific recommendations
made by Mr. Baruch.
The creation of skeleton peace
time War Industries Board Mr.
Baruch declared was necessary, "in the
event OF an impending crisis, to make
it possible within few days to create
would mobilize all of the industries
Of the nation and quickly make avail
able for the government all of its re-
sources" He proposed that the peace
time organization be ccntered in the
Department of Commerce, with its
members working without salary.
Every possible effort should be
made" Mr.. Baruch said. "to develop
production of manganese, chrome,
tungsten, dycstutf, by-products of
coal and all such raw materials usual
ly imported, but which can be pro-
duced in this country. Above all, i'm
mediate and persistent effort must be
made to develop production Of nitrogen
and its substitutes. not alone for war,
but for agricultural purposes.
"Undcr the supervision of the proper
departments Of the government some
industries must be given encourage
ment to maintain skeleton organiza-
tion through which can be developed
the rapid manufacture of guns, muni-
tions, airplanes. etc. Some facilities
already developed might be kept alive
through outright purchase or by small
orders for munitions and airplanes,
while at all times there must be kept
on hand the necessary dies, jigs and
fixtures needed for the manufacture
Of munitions"
Referring to the work of the war
time War Industries Board, Mr.
Baruch declared that mot one default
was recorded on any demand' made
on it by the military establishment,
and that "there was not Stacker to
be found among the industries"
New-York tribune., 1919-12-18
mo Special Staff"
For Jury Inquiry,
Says Judge Swami
District Attorney Is Opposed
10 Proposal of Separate
Organization TO lnvesti-
gate Office; Lands Lawyer

District Attorney Swami made it
known yesterday that he would not con-
sent to the creation Of special organ
ization Of process servers, clerks and
stenographers for the use OF the
extra ordinary grand jury, headed by
Raymond F. Aimirall. in its inquiry
into the District Attorneys office and
the Hylan administration.
Joseph NJ. Proskauer. named as spe-
cial counsel, last night said that he had
written to the grand jury and had re-
ceived q reply from the panel, after
which he wrote Mr.. Swami letter out
lining the conditions. under which he
would accept the designation sent to
him yesterday by the District Attorney
The only statement Mr.. Proskauer
would make last night, after a con
ference with Mr.. Swami, was:
81 have not declined or consented to
serve"
1t was reported that Mr.. Proskauer
would confer with Governor Smith to-
day.
Further Controversy Anticipated
While the text of all letters was
withheld, it was reported that the
grand jury and Mr.. Proskauer had
arrived at an understanding on the
matter of the direction of the in
quiry. Mr.. Swanns stand is expected
to precipitate further controversy &,nd
block the progress of the inquiry
it was rumored that the jury and
Mr.. Proskauer mad agreed that the
inquiry must proceed without inter
ference by Mr.. Swami; that the min
utes OF all deliberations be kept from
the District Attorney; that the special
organization be developed, and that
the locale Of the inquiry be removed
from the Criminal Courts Building.
Mr. Proskauer was said to have writ
ten, last Tuesday, a letter to Mr.
Swami in which he outlined the CON
ditions under which he would serve
STIMULATING complete independence ant
the special organization. This letter
IT was reported, made it plain that
if Mr.. Swami had no money available
for the creation Of the special staff he
was to ask the Board Of Estimate 70,
all appropriation for this purpose
After conference with Mr. Pros
kauer, Mr.. Swami said:
u received letter from Mr.. Pros
kauer and | will give him an answer
tomorrow. He's fine fellow ane
thoroughly satisfactory to me dom
know whether he will take up the in
quiry."
/ Asked if Mr. Proskauer had insisted
in his letter on the special staff, Mr.
Swami said
"He can give out the letter if hs
wishes to. decline to discuss it
There Will be no special organization
There will not be two district attor
New-York tribune., 1919-12-18

Some Of these lines have even been do
ing so on inflated securities, all Of
which have been pocketed by the hold
ers of these securities. When the In
terborough wanted to sell securities to
the public a report was made to
banking firm which showed the Inter
borough had made 1877 per cent profit
in few years, and that it would con-
tinue to make money for great many
years to come. AS soon as these securi-
ties were disposed of these transit
companies discovered that they were
not making money and began their
propaganda for an increased fare.
"1f the cost of the service is re
duced do these transit corporations
give the benefit Of the reduction to the
public? No. They put it in their own
pockets. On the other hand, if condi-
tions change and their huge profits are
slightly reduced, the corporations ask
that the contract be changed and the
public taxed to continue their large
profits.
"In other words, when contract is
profitable TO them they take the pro
ceeds and when it is improbable they
want the people to pay the bill. | do
not think the people will be 'buncoed'
by that kind of business. In Ceve-
land only few days ago carfarcs were
reduced. giving the people six rides
for 25 cents. In Philadelphia the tran
sit corporations carried passengers
seventeen miles for a nickel, and they
say they are making money
Il would not be surprised if some
way were found so that the charges
for Stone & Webster's report will
eventually come out of the pockets of
taxpayers. The traction crowd is hun
CRY for money. An increase from five
to ten cents in fare would mean
100000 daily taken out of the pockets
of the taxpayers and over 100000, 900
yearly. They Will go to any length to
get those millionSN
New-York tribune., 1919-12-18
Irish Rebels Raid Train
Sim Feiners Search Cars to Get
British Amm,,nition

CORK, Dec 1.-two hundred Sim
Felncrs raided the Cork railway ter
minus Tuesday at midnight, masked
men holding up the employees at the
points Of revolvers The clerks were
driven from their offices and the en-
slneers and firemcn from their loco
motives. The signal men were forced
to quit their shelters and all the rail
way men rounded up were kept prison
crs in a warehouse for an hour.
The terminus is only 23O yards from
the principal police station, but the
raid passed unnoticed by the police.
1t is believed that the raiders were
seeking cons gnment of ammunition
intended for the coast force.
New-York tribune., 1919-12-18
Boston "Red'' List Seized
Names Found on
Communist Roster
.Specinl Corrcspondenc

BOSTON, Dec. 17.-The investigation
by the grand jury of Red activities
about Boston received decided impetus
whom it was announced to-day that the
secret list of the Communist party" had
been seized in a raid, and was available
for the consideration of the grand jury.
The list includes the names of many
prominent persons in Boston, Brookine
and Cambridge. Other papers seized
disclosed secret plans of the radical or
panizatiOn
New-York tribune., 1919-12-18
Brazil Gets Six Torpedo Ro.,

RIO JANEIRO, Dec. 1.-THE p.
lillian government has been ady;.,,
that the peace conference, in ,o.L:.
a distribution of former German s o..
ships, has allotted to Brazil six tornsS-
boats.
New-York tribune., 1919-12-18

the report was obviously Bolsbo.a
propaganda, intended to stir up trsa
bic in the East, particularly in rnt;aa rea'
by persuading the natives that en-.
massacres were easily possible e
New-York tribune., 1919-03-26
$4,000 Return to Work; i;
1000 Soon Quit Again
Trouble Starts in One Passaic
WOOllen Mill After Strike Is
Thought Settled
By BRIGGS

PASSAIC, N. j., March 25.-Aftcr be-
ing out on strike for seven weeks ap-
proximatcly 10000 woollcn mill work
ers returned to work this morning
The workers gathered in about ten diff
fercnt halls in the city at 6:3O O'Clock
and marched in units to their different
mills
Late this afternoon moro than 900
weavers at the Garfield Worstcd Mills
walked out again.
1t is understood the workers took
this action because of reprimand
employe of the mill. This woman who
is union delegate, is said to have
been found going through the mill
early this afternoon asking the oper-
atives whether or not they belonged
to the union. When she was asked to
stop, the employees walked out
This evening the strikers held Sc
cret meeting, which was attended by
many employees Of other mills They
refused to talk at it sconclusion, but
it is feared that their attitude may
result in reopening of the trouble.
The workers struck for a 35 per cent
increase in wages, a forty-four hour
week and complete recognition of the
union. The companies previously had
granted a forty-ei eight-hour week with
pay for fifty-fve hours. The com
panies, however, while recognizing the
right of the workers to organize, would
not agree to the closed shop, and the
employees accepted these conditions.
The mills which opened this morning
were the Botany Worsted, Fortsmann
& Huffman Company, Gera, Garfield
{oJ
Company.
The plant of the New York Betting
and Packing Company, rubber mill
opened to-day, and about half of the
1000 employees reported for work. The
strike was not settled, but the com
pany through the papers yesterday Of
fered a forty ight-hour week with
pay for fifty-fve hours, and the en-
ployes began to return to work this
morning. The full force is expected to
be back at work Tomorrow