davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17
4 Theory of Values

Mr.. Plumb himself is anxious
that this educational work should
be as thorough and continuous as
possible. He argues against an
effort to cram the thought down
the threats of the public. His ex-
perience, he says, has been along
the lines of the slower methods Of
education.
One thing that marked Plumb's
testimony before the House Inter-
state and Foreign Commerce Com
mittee was the total absence from
his vocabulary Of the ordinary jar
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17
Acted as Receiver

Another phase of the traction sit
uation was brought to his attention
when for three years he appeared
as attorney for the receiver of the
General Railways Company, then as
manager of the road and later as
receiver. He was in complete charge
of the property when it finally was
reorganized and turned over to the
consolidated traction enterprise that
took over all the city's traction
properties.
In 1905 Edward f. Dunno, as
Mayor Of Chicago, attempted to
straighten out the city's traction
tangle. Because Plumb was then
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17
gon that one might expect of the
student of economic theory.

y
81 have never read a book on
socialism," he says, "and / don't
know what a soviet is. But l have
boxed the compass Of railroad cor
poration interests in my time, and
it is out of that experience that my
plan has been developed"
Plumb has attracted to himself
and the powerful forces of labor a
group of radical writers to edit his
magazine and handle his publicity.
The following estimate of these men
is given by "The Washington POST:
Lincoln Colcord, former associate
editor of The Nation whose radical
writings have often been the subject
of public comment, is member of
the press bureau. He is a close per-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17
Born IN. Io,ca

Plumb was born in Clay, Iowa,
in 1866. His family soon moved to
Streator, H., where he spent his
boyhood. He was graduated from
Oberlin College, where he received
the degree of doctor of philosophy
IN 1891. He spent one year at Har-
ward Law School, but decided to
complete his legal education in the
Middle West. He was graduated
from the law school of Northwest
ern University in 1898.
That year, the date of his first ap-
pearancc in law office, he began
his experience in railroad practice.
He entered the office of Peck, Miller
d Starr, in Chicago, firm that was
representing the then Milwaukee &
st. Paul road. During the five years
that he remained with this firm he
learned the rudiments of railroad
law.
In 1000 he was enabled to use
this knowledge as representative of
a traction company on his own &C
count, when he was retained as at
torney for the General Railways
Company of Chicago. 1t was during
this period that he matched wits
with Charles I. Yerkcs, owner of
the other traction properties in Chi
cago and reputed to be the keencst
street railroad man of his time.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

TT/ no Glenn E. plan for government puy
~ chase OF the railroads and
soorherS has set the nat
bhat the Plumb Plan League organized
dosed oy Samuel Gmpes president
LABOR, to the Pltfnb Plan?
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

200 IN years time, thus making
it possible to carry on an intensive
campaign of education in favor of
the plan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

respondent of Chicago newspaper in
Germany during the time that nation
was at war and this nation remained
neutral, is in charge of the Plumb
press bureau, and Ray McClung is one
Of his assistants. Altogether the
personnel constitutes probably the
strongest body of opponents of radi-
cal propaganda that could be gath
cred together in this country, but
none of them is in any way identified
with the railroad brotherhoods or
with organized labor in any manner.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17
Plumb Plan Paragraphs

~ foto1clg paragraphs reprinted "Ra3 Deaoc
racy" weekly organ of the Plumb Fi0n Lccgpe at
Il Washington:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17
Railroad Democracy"

Railroad Democracy the Plumb
plan weekly, edited by Messrs. Swing.
McClung and Brougham, has published
as part of it's propaganda some of the
radical thought which has been the
subject Of question by members of Con-
gtess and other officials of the gov
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

about the only Chicago street rail-
way lawyer not engaged by any of
the big railway interests, he was
retained by Dunno as special attor-
ney and counsel for the city. 1t was
at this time that Plumb became in
terested in the subject of railroad
values and began developing the idea
upon which the Plumb plan valu-
alton is based.
Following mis- connections with
Mayor Dunno, Plumb went back to
his small road, which was soon alb
sorbed by another property. Then
he became president of the Calumet
& South Chicago Railroad, a street
railway with some two hundred
miles of track. When the Chicago
City Railway Company absorbed
that road Plumb went back to pri-
vate practice.
He next represented the states
attorney of Cook County and the
corporation counsel in negotiations
between the elevated and surface
lines in Chicago. In 1916 he also
represented the employees of the
street railway lines on strike. In the
litigation over the elevated lines he
established in the Supreme Court of
illinois his Interpretation of what
are public and what are private
values in railway property. In the
same year he also acted as counsel
for the city of Chicago in litigation
over gas franchise.
1t was Plumb's theory of valu-
ations that attracted the railway
brotherhoods. In 1917 he was re-
tanned by the four big brotherhoods
not then affiliated with the Amer
lean Federation of Labor to repre-
sent them in valuation proceedings
before the Interstate Commerce
Commission under the railway valu-
alton act. In the spring of 1919 he
became counsel for the ten other
railroad labor organizations.
The Hearing
In May Plumb went to Washing
ton to start his campaign to put his
plan before the public. Then came
his opportunity to argue his pro-
posal before a Congressional COM
mittee.
Il had hearing before this
committee that l had not dreamed
possible a month ago." said Mr..
Plumb at the conclusion Of the ses-
sions.
Meanwhile the Plumb Plan
League had been launched. 1t has
offices in the capital and is putting
out great stacks of propaganda. 1t
publishes a weekly magazine, Grail
road Democracy. 1t seeks to line
up the workers behind the Plumb
plan.
The league has two sorts of mem
bers. Lodges or similar bodies for
$40 year receive all the leagues
literature, including copies of the
leagues weekly magazine. Private
individuals may become members
for 81 a year.
In two weeks the league sent out
more than 100000 printed copies
of the plan in response to tele-
graphic inquiries from every state
IN the union. representatives of
the league assert that voluntary
contributions of cash that are ar
irving at the organization Offices
daily will reach a total of $1,000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

The man working in mill or logging
camp produces, on an average, 1000
feet OF lumber per day. Each anc
every worker in the lumber Industry IS
now making $40 more per day for his
employer than at any time during the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

A person who believes in democracy
writes to his Congressman.
When labor demands efficiency and
service as the basis of reconstruction
the dawn of industrial peace is near.
Two million pulsating human bodies
constitute the property investment of
labor in the railways. To cut their
wages is to confscate the return on
property more precious than railway
capital has.
The railway owners demand: Either
guarantee my profits, in which case |
may draw them and buy yacht, or
let me fix the rates for service which
the shipper and traveller must have
then l will buy two yachts and four
motor cars.
The railroads want law passed le-
CALLING their property investment &C
count which is full Of watcred stock,
and guaranteeing per cent on it. It
isn't legal now. If it were, they would
not ask for law; they would go tc the
courts and get their per cent.
Something the railroads never men
ton is the fact that some of the def
icit under government control was
due to loss Of business. In October.
1918, the total revenue ton miles num-
bered 9,548, 100000; in February. 1919.
it fell to 1851 100000. What would
have been the deficit under Wall
Street economy?
The Federal railway managers are
largely men who We're in charge Of op-
GRAFTON prior to Federal control, and
no orders have issued from Washing
ton requiring these managers to en-
ploy more men than the needs of the
service emand.-Interstate Commerce
Commissioner Eastman to the Senate
Committee on Interstate Commerce,
July 8.
So much for the railway owners
charge that more men than were nee
cssary were Employed
To say that skill. not money shall
operate the railroads; that service, not
Wall Street speculation, shall be the
motive-that is something new
The railroad workers are coopera-
tive society. They cooperate to dis
tribute goods. Their financial chiefs
seem to think they are formed to dis
tribute water, stocks and dividends.
The man working in a mill or logging
camp produces, on an average, 1000
feet OF lumber per day. Each anc
every worker in the lumber Industry IS
now making $40 more per day for his
employer than at any time during the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

A person who believes in democracy
writes to his Congressman.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

The railroad workers are a coopera-
tive society. They cooperate to dis
tribute goods. Their financial chiefs
seem to think they are formed to dis
tribute water. stocks and dividends.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

To say that skill. not money, shall
operate the railroads; that service, not
Wall Street speculation, shall be the
motive-that is something new.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

The railway owners demand: Either
guarantee my profits, in which case |
may draw them and buy a yacht, or
let me fix the rates for service which
the shipper and traveller must have
then l will buy two yachts and four
motor cars.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

When labor demands efficiency and
the dawn Of industrial peace is near.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

The railroads want law passed le-
galizing their property investment &C
count" which is full OF watered stock,
and guaranteeing per cent on it. It
isn't legal now. If it were, they would
not ask for law; they would go tc the
courts and get their 6 per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-17

Two million pulsating human bodies
constitute the property investment of
labor in the railways. To cut their
wages is to confscate the return on
property more precious than railway
capital has.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
BUSINESS NOTES

One Of the things which the season $
vogue for green tints in women's gar
nnents has done is to bring into unprec-
cdented popularity various articles of
sewclry made of real Chinese jade.
a seasonal quiet prevails in the local
crude rubber market at the moment
Prices on Brazilians are fairly steady.
however, on the basis of 49A cents for
spot and atloat up river fine. Up river
coarse is worth 361a cents for similar
positions, while the quotations on upper
Caucho ball is 351a@36 cents.
Whether they will really stick TO their
intentions after the coat strike is over
or not, reports were current in the dry
goods trade yesterday that several Of
the prominent Southern manufacturers
of cotton goods are going TO change
their power arrangements in order to
burn fuel oil in the future in place of
coal.
Word comes from Several representa-
tive buyers of mems furnishings that
from now on they will feature fine mad
ras shirts instead of silk ones. Among
the high class stores, it is said. there
has been a gradual turning away from
silk shirts owing to the popularity they
have found among the large number of
artisans and laborers who are now being
paid such high wages and are spending
their surplus money on silk shirts and
other luxuries.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
PHILADELPHIA MARKETS

chickens. flno quality. 29927c; do. inferior.
23 q 25o: old roosters. 81 t@22c; ducks, white
Pekin, 32@3ic: do indian Runner, % @30c;
do. Muscovy, 24d26c. Geese, 24@28c; Tur-
keys, 3G@3sc. Pigeons. old. per pair. 30
35c; do, young. per pair 2s B3 30c Gulneas.
young. per pair, weighing pounds and
over apiece. plump. s225@2,35; do. weigh
ing 1h@1A pounds apiece. 81 i.7592: do.
weighing 1gih pounds apiece. Sl.25@1.5O:
do. old, per pair. St.25@t.4O.
DRESsED-The market was quiet and
without important cnange. OFFERINGS were
moderate but amufe. We quote: Turkeys,
nearby fancy. 461 &c; do. DO, fair to good,
do. do. fair to good. 40 643C; fowls, frSsh-
KILLED, dry-pckcd in boxes weighing An
lbs, and over apiece. 36cl weighing 4 lbs
35c; weighing ~ lbs. 80 a. a2c. smaller
sizes Is ~ 2gc: fresh-ldlled. In barrels. dry
picked weighing ~ lbs and over apiece
3Se oweighing lbs, 34r; Weighing az lbs
.Sn80c. smaller sizes, 2102fc old rooSters
dry-plcked. 2lC; brollcrs Jersey ice packed
43m4sc; Virginia ice-packed choice, .43@
i5c ordinary to good. % a 40Ci brollers
western, ice-paCked. Weighing ~ m2 lbs
apiece. 3Sm 40c; roasting chicken western
ice. packed, weighing lbs. and over apiece.
53@8aci woiEthitng ~ lss' ,Soc Soc ] western ice,
2pc; western milk-fcd chickens II to box
u lbs. and under to dozen. per lb, 446
45c IL to - lbs. to dozen 43 a l4c; ~ to 80
lbs TO dozen, per lb, 95p30c; Fl TO 80 lbs.
10 dozen. per 10, 33m3ic; 81 TO 42 lbs TO
dozen per In ~ a. 33c; 90 10 A lbs to dozen
80 a 3Gc. ducks western fancy. SO % 5Sc;
geese western. fancy. 1S Sfp2 20C.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

New York. Dec. 3.-Conditions in
the refined sugar market are un-
changed. Rcfincrs still refrain from
booking new orders and prices are quoted
at &c, less . per cent for cash for fine
granulatcd. Sales of new crop Cubas
yesterday consisted of 30 900 bags for
March and April loading at SIS cents
f. o. b.
The United States sugar equalization
board made no purchases of raws yes
tprdav
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
Word comes from Several representa-
Certificates oversubscrIbed

Washington, Dec. 3. - Subscriptions
to two series of treasury certificates OF
indebtedness, closed after two days of
sales, exceeded S400, 600, 900 each, il
was announced today by Secretary
Glass. The certificates offered will ma
ture February 16 and March 10, 1920.
The demand for certificates Of in
debtedness to be used =, in payment of
Internal revenue taxes due March IL
next was so heavy that Mr.. Glass said
he had decided to issue a new series
maturing on that date. The amount
the treasury will accept was left open
in order to accommodate all commercial
institutions.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
LONDON METAL MARKET

New York. Dec. 3.--Cable advices received
at the New York Metal Exchange this morn,
ing quoted prices in London as follows
Tn--Spot, f2O4. decline of 15c; futures.
decline OF 5s Ssles--Spot. 90 tons; futures,
500 tons. Standard Copper--Spot sos 5a
an upturn Of los, futures, 100 los an adj
vance Of 5s. Sales-Spot, 100 tons; futures
1900 tons Electrolytlc Copper-Spot. E1O7.
an advance Of f1; futures. f1Os unchanged.
Gead-Spot $50 Is I'd, a gain of IS Cd;
futures $50 Is Cd unchanged Spelter-
spot $50 los. q rse Of Fl IS Cd; futures.
E51 bs a gain Of Il.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
VEGETABLES

Desirable stock sold fairly and ruled firm.
with supplies well under control. Quota tions:
White potatoes. nearby. per basket--No,
D0cWS1.1O lower grades 4OGDG5c White
9 Ss% P3@RRsyy@n% 3orR Dsr sa per g. SSo e.
Maryland HoOsicrs, per cwt., S2m215
T$St 55 DO &d pSG M2 b5 SS
2.75; DO Der hamper 81 Is 0i.s5: Jersey,
per basket. Stmi.35. Cabbage, New York
s55m70 Onions. per 1OO-lb. sacks--Yellow.
No. !, S4.75q 5,75: do No. and ''picklers, -
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
Charter Filled

Dover, Del, Dec. 3.-A charter was
filed here today for the Canterbury Co.
Inc, capital $4,000 900 To conduct
places of amusement of all kinds; II,
l.. Crottea, p, 3. Drew, II, e. Knox,
local Wilmington, Del, incorpOrators.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

Private adyiccs received during the
morning from sources said to be close
TO ruling powers of Mexico were that
Carran2a would back down. AS far as
could be learned Washington had heard
nothing as yet, but buying in Mexican
Petroleum, which made it one of the
strongest stocks in the list, was the
result OF these private adyices.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
Associated OH Increases Dividend

San Francisco, Dec. 3.-Associated
Oil Co. has declared u quarterly divi-
dend of S1.50 share, payable January
- to stock of record December 26. This
places stock on @ per cent annual
basis, compared with per cent paid
heretofore.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
POULTRY

LTVE-Thc market was quiet with
ample offerings AZ former rates. We
quote Fowls, fine, Weighing pounds
aud over apiece, 300 32c; fowls medium size,
good quality, 27@2Sc; do poor, "a "a 26c
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
PROVISIONS
REFINED SUGARS
DAIRY PRODUCTS

Tho market ruled firm under scarcity.
We quote on a basis Of cents for fine
grauulatpd
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
GRAIN AND FLOUR

wtfBAT-Recelpts. 12s st2 bush The
market was, Unclaimed Quotations; ca ca
iots IN export elevator goyernment stsnda 70
ter $3.50 No 1 gorJthern spring s239i NO.
hers ys!nt;r S2Sg loo No smu,y req g a anSs S6
| rod, Farlcky aud emptty, s2,3l. Unite
states Grain Corporation's. purchases OF
OF discounts. No. 2 wheat &c under No. /;
No, whegt &c under No. I; No, 4 wheat,
No. I. For all wheat otherwise conforming
| 70 tho specifications Of No. . or better
| from the No. Z price VIII be &c per bushgl
| Tor each ore-pornd deficiency in test weight.
| than deficiency IN test weights will bs
bought on !is merits Smutty wheat vii!
smut. but la no case less than &c per bushe
uudcr the corresponding regular grade. Gar
tofore, &c per bushel from the regular grade
Mixed wheat viii be discounted from &c to
mixtures, bu' unless otherwise instructed
the trade may count or our taking No, =
regular grade. ''' ''''''''1''e
CoRN-rhcre were uc receipts and while
We quote old No. . yellow in car lots for
local trade at SiIOa1.72 on spot. and new
0ATS-Reccipts 90 423 bush. The market
ruled firm and again higher under light Of
tions, car lots as to location; No. ! white.
sS@ ,ssf, ss@S6G,i NJ . white, s7h qsSc, No. .
-, FLOuR--Reccipts, 20 bbls. and / ,4O7, 700
lbs. in sacks Tho market was quiet. but
mil links woro firmly maintained The
lbs pack'd in t4o-ib. Jute SsG%cltis-sof't win. vim
ter, strailGhi western $lOgiO.5oi do. 90.
Sl2.5oa1S, do. short patent. $50 is SO;
sP955idn,g hrSt clear. S9;a5@ q 20 DO patent
sPrinE and city mills. patent fancy brands
RYE FLOUR sold slowly but ruled steady
We quote 81 glNf =. 3I bll in sacks
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
YOUNG MAN

WELL educated, 26 years old;
w eight years active business
experience as executive and
salesman good appearance and
personality; travelled extern
sively through Europe and the
United States, desires to as
sociate himself with a big busi-
ness concern or corporation
that can offer position where
his education, experience. per-
sonality and honest efforts will
provide him with permanent
and growing position.
Address c 214, Ledger Office
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

Despite unusual depression in the
bond and stock markets and high rates
for loans during November corporate
financing was unusually large. aggre-
eating S29i, ,S4J, 100 against S33G. 1G6.
500 in October and S1O6. .469, ,175 in
November, 1918.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

Inspiration Consolidated Copper Co.
will not be affected by coal shortage
This also applies to all mining proper
ties operating in the Globe Arizona dis
trict. also to Greene Cananea Copper
Co. in Mexico. All these companies use
oil for fuel.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

Official discount rates at the twelve
Federal Reserve banks were as follows :
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

The New York subtreasury gained
S2O4 900 from the banks yesterday. re-
ducing the cash net loss since FRI
day TO S22 ,094 900
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

Thomas A. Biddle & Co. will admit
Warren A. Reed TO the firm about the
first of the year.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
Financial Briefs

The average price of twenty active in
dustrial stocks advanced OBS per cent
yesterday to 104 Al while twenty rail
roads advanced 0.31 per cent to 1927.
The annual meeting of the stockhold o.
erS of Logan Trust Co. will be held on
/ December II for the election Of five di
rectors to serve for term of three
years.
Thomas A. Biddle & Co. will admit
| Warren A. Reed TO the firm about the
| first of the year.
The New York subtreasury gained
S204 900 from the banks yesterday. re-
ducing the cash net loss since FRI
day to S22 1874 900.
Market sentiment today was more
cheerful and hopeful than any time since
the collapse of the bull swing last
month.
eve must not overlook the fact that
Congress is again with us, says Pat
rick Henry. of Henry & Kirkbridc, in
his yearly reminder of the reconvening
of Congress.
Barrett and National Auiline were
both strong during the second hour, the
former advancing 4 points and Anilinc
~. The Presidents message recon-
mending protection for the dye industry
and his further recommendation for
road building means much TO these two
companies.
The street studied carefully the
statement of the secretary of treasury
on the export outlook, but did not seem
to be entirely in accord with his views
to the effect that the problem of finanr-
ing restoration of Europe belongs to our
exporters and not to the government.
Thomas Canon, Jr., assistant cashier
of the Federal Reserve Bank of Phila
dclphia, Aps resigned to accept an official
position with another prominent bank
ing institution in this city. He will as
sumo the duties of his new position on
January l.
Inspiration Consolidated Copper Co.
will not be affected by coal shortage
This also applies to all mining proper
ties operating in the Globe Arizona dis
trict. also to Greene Cananea Copper
Co. in Mexico. All these companies use
oil for fuel.
Despite unusual depression in the
bond and stock markets and high rates
for loans during November corporate
financing was unusually large. aggre-
eating S29i ,S45, 100 against S336.7G6
500 in October and S106, ,469, ,175 in
November, 1918.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

The average price of twenty active in
dustrial stocks advanced OBS per cent
yesterday to 104 Al while twenty rail
roads advanced 0.34 per cent to 1921
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

''We must not overlook the fact that
Congress is again with us, says Pat
rick Henry. of Henry & Kirkbridc, in
his yearly reminder of the reconvening
of Congress.