davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-08-11
PLANSFOR ABA
STILL GOING ON
No Details Overlooked IN
Making Coming Conven-
ton Greatest Ever.

Credits, taxation. international
trade, increased production and in
dustrisl financing are some Of the
leading questions 70 be considered
by American bankers in convention
in this city October 1929. Announce
ment Of these topics was made by
Richard S. Hswes, president OF the
American Bankers Association. Mr..
Hawes has also announced a non
stop, no-delay time-clock program.
This program, which is virtually de-
cided on, has been compiled minus
all efforts TO corral national csrdS."
the one big idea being TO devote the
attention OF the nations bankers 10
the country's problems on which
they can exert an influence for bet
terment.
Platform artists arc taboo. the
sessions being given over to leaders
Of thought on the questions 10 be,
tackled as the conventions program
for accomplishment. Long speeches
will be stop clocked, the longest
scheduled being forty-five minutes
the average thirty minutes. The
presidents address will be delivered
in fifteen minutes and the same tirns
is allotted to each report
President Robert y. Harper Of the
District Bankers Association saw,
that Washington Will put on Fr,
largest bankers gathering ever held.
No other convention city that I
know Of has ever employed d sal
aried experienced Organization man
such as Mr.. Grant to handle the pre-
liminary arrangements"
1t looks like the bankers were
going to get down to brass tacks
in the October meeting" said Cen
eral Secretary Guy Z. Bowermsu
and tackle the real problems OF
finances. From the program. bank
ing problems both large and small
have been included as the bulls
eye OF the convention and why
not2 This is TO be a bankers CON
vention, and the people are looking
to US 10 give every possible atfen-
ton TO banking problems that are
affecting the general welfare"
The arrangement on the program
OF the various sections meetings
is as follows:
Monday afternoon - Clearing
house section; State bank section.
Tuesday afternon-SavinEs bank
section; trust company section.
Wednesday - National bank sec
ton: State bank section: trust
company section.
hursday-National bank sectio, l.
savings bank section; clearing
house section.
Music Committee Appointed.
A music committee has been an
pointed 10 furnish airs for all oc-
casions. W. W. Spaid. president
Of the Dupont National Bank. is
chairman. with J. H Baden. Com
mercial National Bank. as vice
chairman. They will be assisted by
the following: L. A. Slaughter. jr.
l. f. SChreiner. r. J.. Ncuhauser.
c. L. Eckloff. Q. n. Boyer. W. r.
Baum, Fernsnd Petit. Charles H.
Doing. jr-. W. p. Lewis. A. Q. Fla-
ther and T. Stanley Holland.
The Washington herald., 1920-08-11
KEY MAKES M41IONAL MARKETS z==z -
Local Securities.
SALES xssrrRpAY.

t-WasAfsstsu ~. 4 IT, pfd., 1t 47; at
l7k; 3 At %71k: 8 et A.; / at II.
:, ,wsshtnstca Gaa. 25 st H.
I sLanstsa5 Mssotype. at TN.
The Washington herald., 1920-08-11
MARKET MAKES
NEW LOW MARKS.
Professional Shorts" Have
: No Trouble in Covering
Their Contracts.
RAILS REMAIN HEAVY
Market Closes with Rally
:. That Leaves Most Issues
Net Higher.
RAILS REMAIN HEAVY

New York, Aug. 10.-Professional
traders who were short of the stock
market covered their contracts cas-
ely today; So easy that they sold
again. The result was new low
records in several issues, the tobac-
cos and sugars being conspicuous in
this regard. Most Of the selling was
genuine liquidation. The short in
.terest is comparatively small and
so strong that il shows no DISPOSE
tion to be alarmed at slight rail-
lies.
Tho specific reason for selling was
the attitude of English labor max
ing war on Russia. Wall Street hg-
-ured that this meant complete de-
struction of Poland. Added to this
was the uncertainty regarding the
ability Of France to take care Of It's
share Of the Anglo-French loan
which falls due here in October. Re
-HewaIs of money were at per cent
.and call loans were as low as per
cent, but nobody wants any money
in the stock market just now as
loans are being rapidly liquidated.
The selling is largely for the account
of merchants and business men VINO
have their surplus invested in se@
curities. They are unable to liqui-
date their stocks of merchandise or
.complete contracts and the banks
are insisting on reduction OF loans.
so that there is nothing left but to
sell the securities they own. Losses
being recorded are of sensational
proportions in many cases and the
general level OF prices is being re-
duced to a point where an increas-
ingly large number OF unfortunates
become involved every day.
The market closed in the midst
Of a slight rally that left most is
sues net higher. The rails were
heavy all day long.
Sugar Stocks.
=. Sugars attracted much attention
IN. the afternoon because of a gem
eral selling movement that carried
all Of these stocks to new low levels.
One after another of these stocks
fell under the liquidating movement.
Professional traders contributed
Something to the decline, but the
great bulk of the selling was for In
vestment account. Very large losses
were accepted in several instances.
Retail stores sold at SO. an abso-
lutely new low price which means
llS for the old United Cigar Stores.
Tobacco Products export sold on
the Curb at 50 a share. and United
Retail Candy at .. United States
Steel Corporation announced that
untitled orders on the lst OF August
were 1861 tons less than on the
list Of the previous month.
While the call rate was at per
cent many bankers did not encour-
age brokers' to buy stocks. The bank
Statement for the country as
whole is not a pleasant exhibit in
view Of the determination Of the
Federal Reserve Board to maintain
I, the reserve at a high percentage.
There IS an abundance of credit for
. every body II the board would permit
Il . 5e used
Motor stocks are persistentIy
lhqulaated on every strong spot in
+, the market. They hovered around
'lo7V records, advancing fractionally
+ 9nly when some short wanted to
take profits. Maxwell Motor went
tun bling to the new low record
price Of rs at the opening Of the
& znarKet.
The Washington herald., 1920-08-11
OIL PRODUCTION.

Wall Street Journal of August 10
states that oil production in high
grade Eastern fields Of the United
states has shown a steady increase
since January 1. West Virginia was
the largest contributor of this
group in the nrst six months with
5000, 900 barrels. Kentucky pro-
|duced $4,000 barrels;~ PennsyI-
vania. s.sss.ooo barrels and Ohio
$4,000 barrels.
The Washington herald., 1920-08-11
DEPOSITS CALLED IN FROM
NEW YORK MEMBER BANKS

Member banks Of New York dis
tricJ have been notified by the Fed
ersl reserve bank to return 10 per
cent OF the remaining deposits with
them from sale Of certificates of In
debtedness which call will amount
to a total Of S4.5Oo.OOO.
This payment is 20 be made on
Thursday. No return payments
were called for yesterday. Last
Tuesday repsyments of SI45OO 900
were made and on Thursday SILL
00O. 900, making total OF over
t25.OOo 600 United States deposits
for last week.
The Washington herald., 1920-08-11
AUTOMOBILE INDUSTRY

National City Bank of New York
city. states that automobile manu-
facturers of the United States mada
in the fiscal year just ended their
highest record in supplying foreign
markets. The total value of auto
mobiles and accessories exported in
fiscal year 1920 aggregates s275 =
100000 against s13s.0OO. 900 two
years ago and $4,000. 900 in the
year preceding the war.
The Washington herald., 1920-08-11
MONEY

New York. Aug. 1O.-Money on
San today opened at per cent.
hlsh I, low and close S per cent.
Most OF the days loans were made
at per cent.
Time money conditions were un-
.ehanged today at 9 to 9jZ per cent,
Mercantile paper rates were also
unchanged at s to 81 per cent
The Washington herald., 1920-08-11
RAILROAD RATES AND WAGES

Wages Increased rs Per Cent Since Beginning Of War More
Than Offsets Cost Of Living s-Ralroad Now Costing Gov
eminent About 81 900 900 Per Mond-Ne,s Rate viii
e Cost Public o,ly $4,000 Oeo Per Month-Gan IN Ef-
6ceney Should Offset Any Increases Prices Due to New
Rates ~ ,sEs :,.-ts-
The Washington herald., 1920-08-11
= BoHDs. f
YuBLIc urrLIrrRs.

D of G. fapsr Mig. lst es. .... -.
kiggs Realty tLongl 6s....... ss
Rtggs Realty s. (short) 49,. 90
Sac. Stse. 1 Safe Deposit %. :.
Wtsh. Market cons. Es. .....,,
Wash. Market Cold stse. S..
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
All PGy Tribute, in
the Final Analysis,
to Old King Coal
PrOfteertEg tn Mine Product
Declared National Disgrace
by Senate Committee.

WASHINGTON, Dec. 14.-Profteering
in coal has been largely responsible for
the serious building and housing short
age from which the American people are
suffering, it was stated IN a preliminary
report of the Senate Committee on Re
construction and Production, submitted
to the Senate today by Senator Calder
Republican, Of New York, its chairman
Goal prohteering has continued Yn-
checked by the Department of Justice
and is a national Disgrace the report
said ''Coal speculation has been per
mitted to monopolize the transportation
facilities of the country, retarding neces-
sary construction, and increasing the
basic cost of manufacture and distribu-
ton Of commodities in general. 1t has
bled the home owners, public utilities
and industries"
1.-THE housing situation is a menace to
the nation" said Senator Kenyon, Re
publican, of Iowa, a member of the com
mittee. 1.-THE operators who apparently
control the output of coal, might as well
understand that if there is power under
the Constitution, as we believe there is,
Congress will End a way to exercise thar
power to prevent the continued plumber
ing OF the American people.
III pro1teering in coal is to go on, l
for one, harsh as the remedy may be,
shall favor taking over the mines"
"There is little question that legisla-
ton will he required to straighten out the
fuel situation, especially as it affects the
average home and the people as a whole, -
Senator Edge, Republican, OF New Jersey,
another member Of the committee, said.
Il am convinced the coal industry can
not bring order out Of the prevailing
chaos
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
BE PREPARED FOR
WAR, SAYS KAHN
Californian Tells <of Bitter
Spirit in Chicago Speech.

CHICAGO. Dec. 14.-DecIaring that the
United States will not make war on
Japan. but that the only way 1t can avoid
war with Japan sis to be always pre-
pared for one" Representative Julius.
Kahn, California member of the House
military Affairs Committee, said today III
an interview, that there is in Japan
constant and bitter agitation against
America, growing more bitter all the
time
only Sunday" said Congressman
Kahn, there was a great mass meeting
in Japan to protest against American
action. You don't hear of any japanese
mass meetings to protest against the
British in Mong Kong or Middle China.
1.-THE Japanese are being educated to
hate us and if we are caught mapping
that hatred will result in trouble"
Turning to Japans attitude, as ex-
pressed in her action during the ses
sion of the League Of Nations council
in Geneva, Representative Kahn said :
"Of course it is ridiculous for Japan to
think she can meet US in navy build
ing, but it shows her disposition toward
us. She has been working on her navy
program for years. and for what pur-
pose?
when war comes with Japan, if 1t
does come, it win not be of our making
but Of hers"
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
FAILS TO PAY
LEAGUE DUES
Argentina Refuses to Settle in
Withdrawal.

GENEVA, Dec. 14.-Argentina today
refused to pay her financial assessment
from the League OF Nations and the mat
ter was referred to the league council.
World disarmament struck more
snags. Leon Bourgeois, representing
France, notified the league that France
could not comply with the disarmament
committees recommendations that ma
tions should not exceed their present
armament budgets.
1T will be impractical for France to
do so until Germany fulflls the terms
of the Versailles treaty." said N. Bour-
geOis.
The disarmament report pointed ont
further difficulties. Il said that as the
United States lacks laws to prevent pri-
vate concerns from exporting arms,
other countries would refuse to sign
such~6n agreement because it would re-
suit in all such business going to the
United States.
Viscount Ishii, head of the japanese
delegation, had previously warned the
league that Japan would not reduce her
armament so long as the United States
continued to increase her land and sea
forces.
Argentina's refusal to pay her League
Of Nations dues was evidently based upon
withdrawal Of the Argentine delegation
from participation in League of Nation
affairs. HonoriO Pueyrredo. head Of the
Argentine delegation, explained at the
time Of the withdrawal Of the Argentine
delegation from the assembly that this
was equivalent to absolute severance of
relations with the league under Article &c
Of the league covenant which specifies
that A dissenting nation shall no longer
be considered a member Of the league.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
DANIELS IDEA
MISSES FAVOR
3-Year Building Plan to Be
DOdged by Committee.

WASHINGTON, Dec. 1.-THE request
Of Secretary Daniels that Congress au-
thorize another three-year naval building
program II the United States does not
enter a league of nations VIII be re-
fused by the house naval affairs commit
tee canvass Of committee members to-
day showed.
The committee practically is unanimous
against the suggestion OF Daniels, who
appeared before 1t today to outline the
reasons fos his request for a construction
program calling for lightweight ships.
The 1916 program, according to Chair
man Butler and other committeeman on
its completion. which probably will De
by Jan. l, 1924, will make the United
States the greatest naval power in the
world, even allowing for some uncon-
templated additional construction by
Great Britain.
The completion OF the present build.
ing program will give the United States
a supremacy Of 81 per cent over Great
Britain In first line fighting ships-dread-
naughts and battle cruisers" said Repre-
sentative Britten, Illinois, a member OF
the committee.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
BeYOllro6
Years

You were taught at school
that your body undergoes a
complete change of structure
every seven years.
This tearing down and build
ing up process of body tissue
continues without a moments
pause throughout life.
And when a man gets into a
physical condition that the It's
sues keep breaking down and
wasting away faster than Ma
ture can replace them, right
then he begins to grow odd.
This doesn't necessarily
mean, however, that he has
reached an advanced age.
Thousands upon thousands of
people begin to break down,
their vital organs giving evil
dence of fast approaching de-
cay, long before they reach
middle age simply because
they fail to give Nature, at
the proper time, the needed
help to rebuild.
If you are beginning to show
the slightest sign of a physical
''let-down'-if you are losing
your old time ''pep" vim and
vigor-if high tension energy
and nervous strain are begin
ming to tell on you--it's a sure
eign that you are growing "old"
Stoo oldforyouryears. You've
REACHED that stage where your
VITAL forces need rebuilding.
Don tmake the serious mistake
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
BELIEVE GUNMAN
KILLED COLOSIMO
Police Find New CIews in Chi
cage Murder.

CHICAGO, Dec. 14-Police Of New
York and Chicago are combined in an ef-
fort that is expected to bring about with
in a few days the apprehension Of the
slayer Of James (Big JIM Colosimo.
widely known figure in Chicago's cabaret
life. New clews have been discovered, the
police declare, regarding the identity and
motive Of the slayer.
The new evidence, it is alleged, bears
out the contention of Rocco De Stefano,
Coloslmo's attorney, that $1J0,00O belong
ing to the slain restaurant proprietor
vanished with his death. Police now de-
clare that both revenge and robbery
were motives for the Staying.
The slayer of Colosimo, who was shot
down in his cafe last May, is believed
to have been "gunman" imported from
New York and vigorous search for him
has been instituted In that city.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
BODY IDENTIFIED;
MAN is SOUGHT
Nude Corpse Believed That of
Wealthy Western Woman.

Los ANGELES, Dec 14.-With iden-
tity OF the woman whose nude and mu-
tiiateo body was found In a grove here
believed established. police today tele-
graphed to authorities Of a nearby city
TO place under surveillance suspect
whose nsme has been linked with that OF
the woman. The victim, according TO
police, was Mrs. Fay Sudow. "a, wealthy
real estate owner here, who mysteriously
vanished last Tuesday
Jen Sudow, husband of Mrs. Sudow,
asserted he believed the body is that Of
his wife
\ dentist also identified dental work
on the teeth Of the victim as that which
he had done on Mrs. Sudow's teeth.
Detectives declare they have informa-
ton indicating Mrs. Sudow had told
friends she feared death at the hands Of
man whose name aud whereabouts are
known to authorities, and that she had
warned business associates and friends
recently that IL anything beGell her she
desired an immediate and thorough iu-
vestigatlon
An automobile purchased by Mrs. Su-
dow ana said to have been last seen in
the possession Of the man under suspicion
has disappeared. detectives said.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
CHARITIES SCHOOL
BILL DISCUSSED
Institution Heads, Butler and
Hines Confer.

In the third conference to be held be-
tween the Indiana departments of chart
ties aud education and the heads of the
various State institutions for children,
a discussion of provisions Of a bill to
place the educational systems Of these
institutions under the supervision Of the
Department of Education, was held to-
day. The bill will be presented at the
regular session Of the Legislature. which
conYenes San. @.
L. N. Hines, State superintendent of
public instruction; Amos w. Butler, Sec
rotary Of the State Board Of Charities,
and heads of the boys school at Plain
field, the ClermOnt girls school, school
for deaf, and school for the blind, as
well as other children's institutions, at
tended the conference.
The BILL which may be slightly modi-
fed later, is as follows.
Section /. Be 1t enacted by the Cen
eral Assembly OF the State Of Indiana,
that the State board Of education shall
visit and inspect the educational work
maintained in the State benevolent,
charitable and correctional. institutions
and In the state educational institutions
for children. Said visits shall be made
by its members or it's representatives as
often In each year as practicable ana
It shall inquire into all matters relating
to the educational work. the courses OF
study and modes OF instruction. and the
text-b books used In such educational WORK
Of such institutions and make sugges-
lions to the management thereof
Sec. . The board shall report prompt
ly to the Governor the results Of such
inquiry with such suggestions as appear
pertinent. a special report on the edu-
cational work Of such institutions. with
such recommendations as are deemed ad-
visable, shall be embodied in the biennial
report Of the Department OF Public In
sfrucffou
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
County Assessors to
Meet for Conference

More than $50 county assessors and
deputy assessors from Indiana counties
will be in indianapolis Wednesday for
the annual conference OF the officials with
the members OF the State Tax board and
the Governor and Governor elect. The
conference viii end Thursday evening.
Fred A. Sims. chairman; Philip
Zoercher and John G.. Brown, members
or the tax board. as well as Governor
Goodrich and Warren r. McCray. Gov
ernor elect, viii address the assessors.
Operation Of the new tax law and gen.
eral discussion Of tax affairs will be dis
cussed IN the conference.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
Raps Packers Request
for Delay; Sets Date

WASHINGTON, Dec 14-Refuslng a
request for further delay in the lltlga-
ton involving the plans by which the
large packers proposed to dispose of
their unrelated Industries, including the
stockyards, Justice Stafford In Supreme
Court Of the District OF Columbia to-
day set Dec. 81 for argument in the
matter. The court held that too many
postDonements had already been granted.
1t is expected that the Government
will press its motion that the court APP
point trustees to take over the interests
OF the packing concerns and dispose of
them.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
Rotary Club to Give
Party for Children

With thirty five members yet to hear
from. there Are 1S2 boys. les girls and
"a babies whose fathers are members OF
the Rotary club. And yet these children
have never been entertained by the club
as guests.
Amends are to 10 made for that how
ever, on Tuesday, Dec. n, at $3.50 p. m,
with one OF the big events Of the year
children's Christmas party. for Ro-
tarians and their immediate families
There will be. OF course. program
especially adapted to the occasion.
The special feature for the noon lunch
con at the Rotary club today at the
Claypool Hotel was an address on THE
Relation OF Agriculture to Business" by
John Napier Dyer Of Vincennes.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
PURDUE HEAD
SETS OUT NEEDS
CONSTITUTION
DR.. Stone Outlines Proposed
University Expenditures
Totaling $1,OO0,00O.
CITES RAPID GROWTH

Recommended legislation neces-
sary 10 place the educational tnstitu-
tons Of Indiana on higher plane Is
contained In statements given to the
Times by the presidents of Purdue
University, the Indiana State Normal
and Indiana University. The needs
Of Purdue are set forth by President
". E. Stone in the following dis
patch.)
Special to The Times.
LAFAYETTE, Ind, Dec. 14.-With the
rapid growth Of Purdue University, espe-
cially along agricultural lines, the equip
ment Of the institution has become en-
tirely inadequate. The Legislature will
be asked to make an appropriation OF
s5eS. $50 additional annually for new
buildings and for maintenance.
Purdue this year probably viii work
in conjunction with other State educa-
tional institutions in asking for appropri-
atoms. DR.. W E. Stone, president. and
members Of the board Of trustees Of the
university probably will meet with the
presidents and boards OF trustees Of the
other two State schools within a few days
TO determine upon total appropriations
and upon tax rate to take care Of these
appropriations.
"Our immediate and urgent needs are
- UAAAE int AusllluLlou up 10 EGEs LII.
Stone said IN discussing the legislative
program Of Purdue.
''On account OF overcrOwding: the d.
version Of our funds to absolute neces-
sites and the consequent lack of equip
ment, buildings and q sufficient number
OF teachers, in order to put our institu-
ton on a reasonable footing with the
present number Of students we should
construct 81, 600, 900 worth Of buildings in
the next three years and We must add q
total Of S265,O to our current annual
expenditures.
DR.. Stone proposes that the apprOpria-
tons for buildings be distributed
equally over a period Of three years.
The capital expenditures program, he
said, includes the erection Of a school OF
agriculture at a cost of 100000. a school
of home economics to cost 500, 600, an
addition to the chemistry building TO cost
100000, q recitation hall 20 cost $40, 90
a school OF engineering to cost $3.50, 600
equipment worth 100000 and an option
on additional land at $4,000, making 6
total OF S1,OOO,O0O.
The following additions to current an
nual expenses also are proposed by Dr
Stone: For salary budget, 100000; fol
maintenance, $4,000; for research, SI5,-
coo; for expansion, 100000