davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-13
STOCK SPECULATION
At DANGER POINT
Theory of Bull Traders on
Continued Advances in
Industrial Fav0rites.

From the n. Y. Evening Post Financial Bureau.
NEW YORK, September 13.-Con-
sidered in the light of stock exchange
experience, the upward and downward
swing of five to twenty points within
every few hours, in those industrial
shares which now monopolize the daily
trading. would be taken to mean that
the great mass of the capital stock of
these companies is held in compare
lively few hands.
On no other supposition could this
weeks fluctuations in their prices
going so far as advances or declines
Of 10 per cent overnight-be explained
at all.
The question naturally follows, who
holds them? The speculative public al
ways has an answer ready for such a
question.
The answer is that powerful capt.
taliSts are SO convinced of the value
of the shares that they have invested
their personal capital in them, that
they will not part with their holdings,
even on a most inviting bid, and that
the more they buy the higher the
prices go.
1t is a plausible theory, from the
outside public's point of view. The
market bears it out. All that is neces-
sary is for the little Spectator to buy
more and hold it for the rise.
A Ha1lucination.
Nothing is more familiar in the his
tory of the stock market than precise
ly this reasoning under precisely sucl
circumstances, and nothing is NOR
certain than that the idea is a complete
hallucination.
Stocks of this sort are bought OF
Ia hi f1aV- he 1ov-
the burden on credit. The greater the
outside speculative following attracted
the more insecure that basis of credit
grows. To the present generation OF
"plungers' in the miscellaneous indus
trials this view of the matter presents
itself as something quite apart from
the visible facts of the situation.
To anybody with more than half a
dozen years experience in Wall street
they are pretty near automatic.
Liberty Bonds Used.
The central authorities of our
banking system have some consider
able responsibility in the matter The
responsibility is certainly not less, in
view of the fact that the rediscount-
ing privilege on liberty loan col
lateral has at times undeniably been
used to accumulate funds for stock
In years before the war the Euro
pean central banks accepted such re-
sponsibility. Usually they pulled the
central banks rate of rediscouRt
when the spectators were running
amuck.
Sometimes, as with the president OF
the German Reichsbank when he an
nounced in 1906 almost the highest
rate in the institutions history. they
,publicly declared their purpose OF
stopping the speculative mania by
whatever means were at their dis
posal.
To a large extent, the hands of the
Eedaral Reserve Board are tied. This
is especially so in the case of redis-
counts based on war bond collateral.
for which low rates of continuing
sort were fixed, with a view to at
tracing large subscriptions to new
war loans That policy. which was
then excused on the grounds of war
time necessity. was in an economic
way absolutely unsound. and it is
bearing fruit in the present specula-
Hot
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-13

Miss Festa M. Little, who has seen
for ten months doing Y. W. c. A.
Hostess House work in ST. Etienne and
Loire, France. has returned to WASH
lngton. She saw much of the fiercest
fighting and had many wonderful ex-
periences. She comes to WASHINGTON
to become secretary of the first branch
of the local association at 614 E street
northwest
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-13

city, now living in Pasadena, Calf,
is the guest of her cousin, Mrs. Will
liam NJ. Geddes.
Miss Leslie Cameron has returned
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-13
An October Wedding.

The date of the wedding of Miss
Charlotte Virginia Pairo to Mr. Tur-
ner Clayton Thompson has been set
for Thursday. October 9. They will be
married at the home of the brides
parents, DR.. and Mrs. W. E. Pairo,
and reception will follow the cere-
mony. Miss Nina Pairo, sister of the
bride, will be the maid of honor, and
the bridesmaid will be Miss May
Woods of Richmond, Va. Dr. A. B.
Graefe is to be the best man. Their
future home will be at Goth and
streets northwest
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-13

Mr.. and Mrs. Simon Wolf have re-
turned to the city for the winter. after
an absence of several weeks in Maine
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-13

Mr.: A. F. NJ. Greig, secretary of the
british embassy, is leaving Wash
inston within the next few days for
New YORK. where he will remain for
about ten days
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-13

Mr. and Mrs. William Henry White
are spending the week end in New
York, and are registered at the Hol-
land House.
The St. Mary banner., 1919-09-06

Some people can even see the silver
lowering over.
The St. Mary banner., 1919-09-06
PEACE COMMISSION
EXPENSE INCREASES
President Asks Congress For
$S25,000 For Bills Up
To January, 1920.

hington.-Congress was asked
| S825,000 for the expenses of the
American peace commission in Paris
! from July l last to the end of the
present calendar year Thursday by
President Wilson.
The president submitted an itemized
list of expenses, as follows:
Expenses of the American commits
sion to negotiate peace. Expenses
from Dec. /, 1918, to June 80, 1919:
Travel and subsistence, $15,843.4S.
Subsistence, $144,91403.
Salaries, $103, 3,81595.
Wages to employees of Hotel Crillon,
s53,345,33.
Stationery, office supplies, printing,
furniture and fixtures, repairs, news
papers and miscellaneous eypendi-
lures, $40,43271
Rents, $5,720.06.
Food and hotel supplies, $12S,82810.
Hire of laundry for hotG linens,
s31,5S3.4S.
Fuel, heat, light and compressed air,
s2O,038.78.
Telephone, S16617.
Inventories and legal services, So
329.75.
Special allotments to investigating
committees dispatched to the Baltic
provinces, Poland, Turkey, the Bal
kans, Russia and Caucasus, sos, ,610.26
Confidential expenses, S13,578.19.
Purchase of automobiles, $14,602.26.
Total, S666,85929.
Travelling expenses, stationery and
supplies disbursements by the, de-
partment of state in Washington,
S3S,O09.02.
Total, $7O4,S66.31.
Reimbursement of the government
by members of the American commits
sion to negotiate peace on account OF
subsistence furnished their wives; Of
ficial entertainment by the secretary
Of state and Edward House; unex-
pended allotments and miscellaneous
items, $1S,721.42.
Total net expenses Dec. l, 1913, to
June 80, 1919, exclusive of the rent OF
the Hotel Crillon and telegraph charG-
es, 1886, 1859.
The president states:
st is obviously not possible at pres.
ent to estimate how much longer the
conference may be in session, but as
suming that its work shall extend to
the end of the calendar year, Dec. 81,
1919, which l think may be regarded
as the maximum, the sum of S825,00
will be required for expenses"
The St. Mary banner., 1919-09-06
PRICES OF FOOD
BEING FORCED DOWN

Washington.-Prices are beginning
to decline in various parts Of the coun-
try, but the slump has not yet gath
cred momentum sufficient to affect
purchases being made for immediate
use, according to reports to the de-
partment of justice.
Attorney General Palmer, asked how
soon results could be expected from
the campaign to reduce the cost OF
living, said all the government wanted
was a fair chance to show what can
be done to take the artificial initiation
out of the market He said officials
were we'll pleased with the success SO
far attained, and that cumulative re-
suits were expected when congress
enacts amendments to the food control
law by which criminal penalties can
be imposed on profiteers and hoarders,
Propaganda. which apparently is
nationwide, on the part of shopkeepers
seeking to induce purchases now on
the pretext that prices will be mate
rally higher next season, was con.
demned by Mr.. Palmer as one certain
thing which would make prices con.
tinue rising II needed.
The St. Mary banner., 1919-09-06
1870 GIRLS NOW CONFINED TO
COLONY FOR FEEBLE-MiNDED

Austin, Tex.-There are now 130
girls in the state colony for the feeble
minded with waiting list of seventy.
The institution contains no boys, but
expects to have accommodations for
them in about year. The last legis-
lature made an appropriation for a
boys dormitory at the institution, and
the money will be available after
Sept. /. Designs will be asked and
bids requested, after which contracts
will be awarded The funds assure
accommodations for only sixty boys
and at this time there are applications
on file from nearly 100 boys with
80 in approved form. With total
waiting list of 70 girls and 100 boys,
the institution is far from accommo-
dating the feeble-minded children of
the state. There are more applicants
waiting than patients in the insti'
tuition.
The St. Mary banner., 1919-09-06

nnnnHN Its cause and cure. book free.
t2S1eTNH Address The Diretol Company,
OssVs " 235 Putnam ST.. Marietta. Ohio.
The St. Mary banner., 1919-09-06
in JIM TWILIGHT
GLENN E. PLUMB MAN OF THE HOUR

The man Of the hour is Glenn E.
Plumb, the author of labor's plan to
nationaliZe the railroads. A few days
ago he was as unknown to the man In
the street as any chief in Patagonia.
His name Is in the headlines now, and
will stay there long time. The spot
light has been thrust upon him with
dramatic suddenness. He is a corpo-
ration lawyer who gained his expert
ence in transportation matters in Chi
cago.
Mr.. Plumb clings steadfastly to
the assertion that the railroad unions
aim ito eliminate the motive OF
operation for profit and substitute the
motive of operation for service to
which he adds the corollary that 1T
means democracy in industry, without
which democracy in politics is a mere
shell and sham"
He lives with his family in Chevy
Chase, having moved there from Chi
cago recently,when it became apparent
would mean the direction
The St. Mary banner., 1919-09-06
CROWELL URGES AIR DEPARTMENT

Concentration of the air activities
of the United States, civilian, naval
and military, within the direction of
single government agency, with an
official holding place in the presi-
dents cabinet at the head, IS recon-
mended by the special American avia-
ton mission, headed by Assistant Sec
retary of War Benedict Crowell. which
has been studying aircraft develop
ment in Europe.
The proposed department of avia-
ton, the mission asserted, should be
charged with full responsibility for
placing and maintaining our country
in the front rank among nations in
the development and utilization of air
craft for the national security and in
the advancement of civil aerial trans
portation and communication arts"
The report of the mission, which
is divided into three parts, dealing
with general organization, commercial
development and technical develop
mpnt Is ha Sod on StJldias Tnodn in Euo1
The St. Mary banner., 1919-09-06
SIMON LAKE, U-B0AT INVENTOR

Simon Lake has been at work
perfecting the modern submarine since
1896. And while he was perfecting the
submarine for destruction he was also
evolving one for salvage. Today his
plans are complete, and out in Long
Island sound lies the submarine.
The device is apparently simple.
A noncollapsible steel tube permits the
salvers to have an operating base on
the floor of the ocean. A flight Of
stairs run down this tube One end
Of the tube is attached to the surface
vessel and the other to an operating
chamber. Water-ballaSt tanks are
distributed throughout its length so
that the structure can be placed in
equilibrium with the water when ready
for submergence.
Under perfectly normal conditions
a man can walk down these stairs to
the bed of the sea. He can step from
the submarine and walk In perfect
safety and comfort on the floor Of the
which enables a man to go out through
The St. Mary banner., 1919-09-06

WE BUY AND SELL Industrial oil, mining
stocks of all descriptions. Fitzgerald e. Co,
Brokers, Boatmens Blk. Bldg. st. Louis No.
The St. Mary banner., 1919-09-06
FISKE GIVEN AERO CLUB MEDAL

The board Of governors OF the
Aero Club Of America have awarded
the gold medal Of the club to Rear
Admiral Bradley A. Fiske, o. 8. N,
retired, for his invention of the tor
pedo plane, patented on July 16, 1912.
which was used effectively during the
war. Announcement is also made of
the receipt Of letter from Admiral
Fiske which says, among other things:
ITO be awarded the gold medal
Of the Aero Club Of America is an
honor that is exceptional, because the
standing Of the Aero club is exception
al. But though the standing Of the
Aero club Is high, the effective work
which 1t carried on throughout the
war is not fully appreciated by the
nation for the reason that its work
was unofficial, and therefore not recog-
nized officially.
Like many another unrecognized
agency. however, its influence was Do
tent and profound. Acting as the
advance scout Of aeronautic progress
ton to the country Of the possibilities
sisted that those possibilities be utiliz
pirate such sums Of money as would
utilize those possibilities completely q
Admiral Fiske concludes by payin
The St. Mary banner., 1919-09-06
INDIGEST
Caused by
ACid-Stonlach

Millions of people-in fact about out OK
1a-suffer less from fndigestio,.
acute or chronic. Nearly every case IL
caused by Acid-Stonach. 49,.
There other stomach disorders wnlen
also signs of fAcid-Stomach--oeich-
Ing. heart burn bloat after eating. 1000 re
peating. sour, gassy stomach. There az
many ailments which, while they DO hU'
much distress in the stomach itse,'
are. nevertheless. traceable to an aclu
stomach. Among these are nervousness
biliousness. cirrhoeis of the liver. rheu1na-
tism. impoverished blood wsnkness. insom-
mia, melancholia and long train OF pnys
ical and mental miseries that keep tn.
victims in miserable health year AFTER yeAI.
The right thing to do is to attack me-
ailments at their source-get rid OF the ac,u 1,
stomach. A wonderful modern remedy cane"
EATONIC now makes 1t easy to do tpls. :,
One of hundreds of Thousands OF grateIus
users Of EATONIC writes Il have oeen
troubled with intestinal indigestion for aDous
nine years and have spent quite sum 40.
medicine. but without relief. After usins
EATONIC for q few days the gas and pam. ps
in my bowels disappeared. EATONlC 10 Jus'
the remedy / needed" 80
We have thousands of letters telling "
these marvellous benefits. Try EATOSIC az
you. too, Will be Just as enthusiastic IN ~"
praise. a.
Your druggist ha. EAToN1C, Get s n,s
SOC box from him today. He wiz reIun"
your money IL you are not satisfied.
The St. Mary banner., 1919-09-06

The occasional use Of Roman Eye BalsaM
at night upon retiring will prevent and re-
lieve tired. watery eyes. and eye strain. Adv.
The St. Mary banner., 1919-09-06

Many young man looks upon dol
lar saved as good time lost
The St. Mary banner., 1919-09-06

It's wise man who acknowledges
his mistakes.
The St. Mary banner., 1919-09-06

manufactured from Pa crude Chemical an
alysis less than one-fourth of 10 carbon.
Prompt ship. Bercher OIL Co. Shreveport. La
The St. Mary banner., 1919-09-06

There aoked chamber which enables
but which the water from coming in
The county record. [volume] (Kingstree, S.C.) 1885-1975, 1919-10-16
Total ---15,sss,1se ~$2,ese, ,72o.s5
A TIMELY WARNING
To Merchants and Manufacturers VINO
Made Erroneous Tax Returns

To Merchants and Manufacturers VINO
Made Erroneous Tax Returns
Washington, October, 15.-A spec
ial drive to locate merchants and
manufacturers who have followed er-
roneous methods in making their In
yentories for the taxable year 1917
and 1918, such methods tending TO
reduce tax liability, is about to oe
made by the Bureau Of Internal Re-
venue, it was announced today.
In cases of voluntary disclosure be-
fore investigation of failure to make
proper return and payment, the poll
CIV of the bureau, it was stated, Will
be to forego penalties except where
there is intentional evasion OF the
tax. Where. discovery is made by gov
eminent officers heavy penalties will
apply. -
. In some cases inventories have been
found to have been taken on the
basis of average costs, though 1t was
possible to identify the articles re-
naming on hand at the inventory Pc
riod. and so determine their exact
cost In others, because of conserva-
tive accounting methods, fiat percen-
tage have been deducted after deter
mining inventory values. Others US
ed a fixed average, based upon costs
of prior years, or failed to include all
merchandise to which they have IL
tie in their inventory.
All of these methods, which have
the effect of reducing tax liability
are contrary to the regulations OF the
bureau and are illustrative, it was
said, of numerous irregularities which
have been found.
A warning issued by the bureau ad-
vises taxpayers who have followed
such methods to file correct returns
without notice and without investlga-
ton. Some taxpayers have voluntari-
lv notified the bureau of the employ
ment of incorrect methods, and are
filing amended returns. 1t IS only
fair to these taxpayers, the bureau
states, that their competitors who
have made similar errors should be
located.
The county record. [volume] (Kingstree, S.C.) 1885-1975, 1919-10-16
SEPTEMBER SALES
SET RECORD
REPORTS FROM FORTY-EIGHT
WAREHOUSES;, REPRESENTING
20 CAROLINA MARKETS

According to a report issued Sat-
urday by the State Department OF
Agriculture, Commerce and indus
tries on the tobacco crop, l1,S23,76o
pounds were sold for the producers
in September, netting S2,199, 9,1O5.l9,
an average of 1851 cents a pound.
This is the largest amount received
in September since 1910, when the
department commenced to keep to-
bacco statistics for the crop. The re-
ports are from twenty markets, con-
tanning forty-eight warehouses.
Following are the total amounts
of sales and resales for producers,
dealers and warehousemen for the
month of September, this year, at the
various markets:
The county record. [volume] (Kingstree, S.C.) 1885-1975, 1919-10-16
PLOTS BEING UNCOVERED
Trial of Radicals Leabs to un-earth'
of Violent Scheme.

Chicago, Oct. 14.-Military authorl-
ties and federal investigators assign
ed to follow the trail of radicals who
have been spreading their propagan-
da in connection with the strike OF
the steel workers announced Tuesday
their discovery of an anarchistic plot
to destroy abandoned army canton
ments and other government property.
The plot is said to have been un-
earthed in connection with the dis
covery at Gary, Ind, of Anton Cor
ski, alleged radical leader, who is said
to be under surveillance in connec-
ton with the explosion of bomb IN
the Chicago postoffice in September,
1918, when four persons were killed
and thirty injured.
Information gained by the military
auttori indicated that the radicals
have plotted against government
property in States ranging from West
Virginia to Colorado.
During the day 500 of the federal
troops on duty at Gary entrained
and, it was said, they were being
dispatched to protect endangered
property.
Drastic measures to combat the
"Red" plots are said to have been ar
ranged by the military leaders.
Col. Mapes announced that no con-
fession had been obtained from Gov
ski in regard to the Chicago bomb
plot, but it was intimated that Cor
ski would be a federal witness.
The federal officers are now
searching for Alexander lvanoff,
Gary steel worker and electrician,
who is said to have been implicated
by Gorski as a maker of the thirty
six bombs which were sent to proml-
nent men throughout the country in
forged wrappers May Day.
Intelligence officers continued thelr
raids at Gary in search of radical
literature. They reported finding a
quantity of radical propaganda
printed in German and a large Ger
man flag made of silk.
A platoon of federal troops was
stationed near the steel mills in Gary
yesterday after reports had been
made that bricks and horseshoes had
been thrown through the windows OF
the steel plants by strikers. The
strike bulletin issued by the steel
workers disavowed the proclamation
issued by the Communist party OF
America" calling on the worklngmen
to establish "distatorship" and
wrest control of Gary from the fed
eral troops.
The county record. [volume] (Kingstree, S.C.) 1885-1975, 1919-10-16

paid to the highway commission and
there is no limit placed on the num-
ber of assistants or amount Of clerl-
cal help necessary. The bond OF the
State highway engineer is increased
from $1,000 to $25, 1000, and the men,
bers of the commission, the person
mel of which remains unchanged-the
heads of the engineering departments
of The Citadel. the University OF
South Carolina and Clemson College
and two other members appointed by
the Governor for two years-but they
are allowed a yearly salary of SlOo
each and expenses. The present law
only allows them their actual and
necessary expenses.
The proposed bill originally had a
two-mill levy on all the taxable prop
ertv of the State, but the farmers OF
the measure decided to eliminate tins
feature. Under the proposed bill the
revenue foN 1920 remains as at pres
ent except, of course, the increase IN
the number of motor-driven vehicles,
but for 1921 there is an increase OF
over 100 per cent.
Governor Cooper, in discussing the
bill. said that he hoped the General
Assembly would pass the measure
but if the members had other ideas
as to permanent highway improve
ment, that they would adopt the fun
damental provisions. of the measure
as a basis of highway legislation.
The Governor has had the propos-
ed bill printed and is mailing copies,
along with letter of explanation
to each member of the General AS
sembly. Advocates of better roads
in South Carolina believe that this
method will awaken an intelligent IN
terest among the Legislators, and
they will come to Columbia next
January ready to pass some sort OF
wise highway legislation.
The county record. [volume] (Kingstree, S.C.) 1885-1975, 1919-10-16

appreciation.
Ingratitude will never be used as
an adjective to describe South Caro-
lima. This is not an appeal, because
no appeal to the people of /South
Carolina in this connection should
be necessary, but merely a reminder
that you have the privilege of max
ing a contribution to this very worthy
cause on or before November II,
1919.
Robert A. Cooper, Governor and
Chairman.
Richard l. Manning, Vice-Chairman.
The county record. [volume] (Kingstree, S.C.) 1885-1975, 1919-10-16

The board of missions of the Meth
odist Episcopal Church South, with
headquarters in Nashville, Tenn, IS
calling for 735 new missionaries to be
sent out during the centenary pro-
gram for which millions of dollars
were subscribed last summer.
The county record. [volume] (Kingstree, S.C.) 1885-1975, 1919-10-16

The town of Dillon increased It's
size several times last Saturday by
vote of 20 to 8. The vote in town
was unanimous in favor of the exten-
sion of the town limits. The limits
were extended one-half mile, and will
eive the town much additional and
valuable property from which to
draw revenue. Many improvements
such as paving the streets and en-.
larged light and sewer SYSTEM VIII
be undertaken shortly.
The county record. [volume] (Kingstree, S.C.) 1885-1975, 1919-10-16

The plant, equipment and lands OF
Winthrop College, a state institution
for ladies', at Rock Hill, are invento-
ried at $2,O29, ,366.76, according to the
report made by DR.. D. B. Johnson,
president of the institution to the
South Carolina budget commission.
Of this amount S1,1S1, 500 is for col
lege building, $424,645 for lands,
$4O1, ,721 for equipment and s21,5OO
for farm buildings
The county record. [volume] (Kingstree, S.C.) 1885-1975, 1919-10-16

Col. Edward NJ. House, chief advl-
ser to President Wilson and represen-
tative of the president in Paris for
several months, returned from Eu-
rope Monday on the transport North
ern Pacific a very sick man.