davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-08-01
DANGER IN SENDING
TEUTONS AGAINST
REDS RECOGNIZED
Plan Proposed by England Is
Opposed by Paris-Would
Sacrifice Treaty.
BY PERrINAx.
Henri Gersud. Editor Of Echo de Paris.)
tTsy cable to The Star. Copyright 1920

Henri Geraud Editor of Echo de Paris.)
tBy cable to The Star. Copyright. ls20.)
PARIS, July 3l.-Developments on
the Russo-Polish front are overshaw-
owing all other military and political
problems in Europe. Here it is real
lied more and more vividly that if
once Poland crumbles and the Rus
sian and German disturbers of
European order can communicate e
freely with each other. the task of
enforcing the Versailles treaty will
prove harder than ever; in other
words that the treaty almost surely
will wholly vanish as an influence.
form its foundations.
Since July 10. when they had their
first conversation on the matter.
Lloyd George and Millerand. the
French premier. have been attempt
ing to halt the offensive of the
national conference in London. but
the note of the Moscow government
dated July Is made clear that the
Russians would not allow Poland to
escape from their clutches except. on
their own terms.
Those terms more or less imply the
formation of proletarian dictator
ship in Warsaw and that the proposed
international conference at London
was accepted by them only as a
means of penetrating and influencing
British, French and Italian public
opinion.
Consequently Millerand. who. un-
der the pressure of Lloyd George. had
agreed to participate and had con-
sidered the advisability of waving
the financial claims of France against
the bolsheviks, growing out of French
claims against the former Russian n
government, now has set his face
against the whole scheme and
two days ago in Boulogne succeeded
in inducing Lloyd George to join him
in his point of view.
Lloyd Georges Course.
The facts are remarkable. While
on the 26th of July Lloyd George,
replying to the note of the soviets
dated two days earlier, accepted their
terms with regard to the summoning
of a London conference, excluding
from it everybody and everything
concerning Poland, and went SO far
as to telegraph Moscow that he was
d;spatching a destroyer to Reval in
order TO bring to London kameneff,
Miliutin and Krassin. who We're ex-
pected to help in the organization of
the conference, he retraced his steps on
the following day and in a second
radiogram, written after consulta
tiou with Millerand. insisted on the
formal admission to the conference OF
Poland and other states bordering on
Russia.
This places on the movements of the
soviets a Limitation certain to annihi-
late the whole plan.
Moreover, on the same evening. a
Joint Franco British communica ton
was forwarded to Warsaw, intended
to strengthen the resistance of the
Polish ministers against the bolshe-
vik proposals and to make them con-
tlnue war more resolutely than ever
1t was amusing to see the sorry
face of the wise promoter of the pol
icy of reconciliation toward the So
yiets as he left Bologne beside the
British premier. Obviously he felt
thet a great opportunity had been
The Sun and the New York herald., 1920-05-13
Pool in Me1lcan stocIts.

It has been one of the characteristics
Of the Doheny pools to do the unex-
pected. II could have been expected.
therefore, that they would give Mexican
Petroleum and Pan American Petroleum
a million dollars worth of advertising
by driving them up in a faltering mar
ket. This is just what they did yester-
day, backed by the general knowledge
that Carranza, who always has been
thorn in the side of American oil com
panies, Is through. and that his sue
cessor. whoever he may De, probably
will be more reasonable. From its low
Of 101. recorded soon after the opening
yesterday Pan American shot up to
1047-S while the B stock advanced
from SO to 90. They closed the dav
with an advance of IA points. In the
meanwhile Mexican Petroleum was rid
ing up the scale from 17S IA to 1S4 1-2.
Of which advance 1t later shed about
three points on insistent profit taking.
Developments in Mexico are said to MT
in we'll with the Doheny plans. Accord
ing to reports, there have been no de-
lays In the transportation of crude oil
out Of the republic, and only casual in
terruptions to developments. The pool
which has taken Pan American Petro-
leum under its wing within the last
week Is said to be particularly we'll up
holstered with cash and to have fire in
its eye.
The Sun and the New York herald., 1920-05-13
OLD STYLE BANK
BOWS TO PROGRESS
Edwin G.. Merrill Becomes
Head Of New York Life and
Trust Company on May 81.
METHODS OF 1880 IN USE
Modern Labor Machines Prob
ably to Be in Institution
for First Time.

wou e,r.o,,. ana h,~ ,,nancial ,na,itu-
wa" Su'e' O'o D'e
ron Vhich does business to-day just eA-
actly as II did half n century ago and
w,thout such modern eimoracks as the
a. .-,.s- a. ..a,nu
teiepnohe' uho 'ype"ri'of "Au .''o "uu'"s
machine 10 getting ready to doff Its MD
Victorian manners and get into the game
80 ,,naroo Lv,,h I,a vo,,nSar and more
,i1arons contsnnora rIea Not that A
hss moi hesr succeasful in It's old fash.
,nnad nav T. hss heen moye than M,c-
"ossSri hu, tha ,,yra has come its stock-
The Sun and the New York herald., 1920-05-13
OIL Shares.

The recent advances in the price OF
gasolene, the prediction of SO cents a
gallon before fall and the scarcity OF
crude oil have drawn sharp attention
to the oil shares. A great many
people expressed the belief that
the oil shares, as a group should do
about as we'll in the immediate future
as any of them. March, according to
figures Just available, was the biggest
month in the history Of the industry,
and in that month new records were
established in production and consump-
tion Crude oil produced totalled &c.
491, 900 barrels and consumption S7,SSS,-
900 barrels, loss of more than 1,00o,-
900 barrels in storage and reducing the
surplus to 125,291, 900 barrels. Domes-
tic consumption OF petroleum in March,
1920, exceeded that of March, 1919, by
10000, 900 barrels. and il the present
rate of consumption continues through
out the year, 1t should approximate
495, 900, 900 barrels. 65,000.000 in excess
of last years production, and only 2O,-
900, 900 barrels less than the worlds out
put In 1914. March imports from Mex
leo were 100000. The figures, as COM
piled by the Government, have greatly
stimulated drilling throughout the
United States,
The Sun and the New York herald., 1920-05-13
BRITISH BUY INTO
GENERAL MOTORS
Sir Harry McGowan Purchases
About 125,OOO Old Shares
at Gao a Share.
LATELY MADE DIRECTOR
Money From Sale Expected to
Be Used to Boost Trade in
Great Britain.

Sir Harry MCGOWAN, who was elected
recently a director OF the General Mo-
tors Corporation. has purchased blocK
Of approximately $4,000 shares OF Cen
eral Motors old common stock at a price
approxlmating e4O share. The report
OF that transaction was confirmed by
w. C. Durant, president Of the company,
whereupon the financial district prompt
ly accepted II as proof OF the story
which has been going the rounds for
considerable time to'the effect that Gen.
eral Motors was planning to broaden
out its British interests as regarded pro-
duction and distribution Of its products.
Al the reported price Of $40 a share
the transaction would represent some
R5O 1000 At normal rates OF exchange
Il would amount to somewhere In the
neighborhoOd OF $25.0OO,0OO, and IN fgur-
ing the corporations receipts from the
sale the normal rate. of exchange must
be used, as the transaction does not
comprehend transfer of the funds into
dollars. The money received from the
sale OF the stock, 1t is understood, VIII
be spent entirely in Great Britain In
building up the British end OF the COR
poration's business.
On the basis Of $25. 900 for the block
the price would amount to 500 a share
for the old stock, or $50 for the new
stock, which was received, ten for one,
On exchange for the old, That amount
contrasts sharply with a market price
OF about % for the stock on the New
York Stock Exchange. It is believed.
however, that the transaction represents
a portion OF the financing which the cor
poration plans to do by the sale Of 3,0OO,-
900 additional shares of new stock at $40
share.
The Sun and the New York herald., 1920-05-13
GOSSIP OF WALL STREET.
one ThInw After Another.

This market is Just one thing after
another. To-day It is tight money. to-
morrow labor difficulties, another day
transportation congestion, again high
living costs. Yesterday still another
factor cropped up. II was the news that
a conference would be held In Washing
ton on May II and IS by members OF
the Federal Reserve Board, the advis-
ory council OF tho Federal Reserve sys-
TEN, Class A directors Of the Federal
Reserve Bank and committee from
the American Bankers Association.
Banking conditions" will be discussed
What the Street hears is that a warn
Ing against current extravaganza will be
issued and that instructions Will be sent
to every Federal reserve bank to restrict
drastlcally the extension OF credits TO
non essential Industries. That and q
continuation OF the stiff money rate
brought renewed liquidation yesterday
and market which was sloppy at best
ana In which standard and representa-
tive stocks shed from one to five points.
There were, however, many indications
that tho market is an extremely thin
one on both sides.
The Sun and the New York herald., 1920-05-13
A LiauIdatInx Markets

The head OF a large Wall Street COM
mission house summed up yesterday the
current market In this manner: Il
would call this a business mans liqui-
dating market. 1t has worked out like
this. Mr.. A. has usual line OF say
$500. 900 credit at his bank. This has
been cut considerably oy his bank He
has been warned to sail close TO the
wind for awhile. In the meanwhile MT
A., who Is a manufacturer, finds his
goods tied up in transit. He cannot
get the cash for the goods until their
delivery. He turns to other resources
for cash. The other resources In great
many cases are stocks. They can al
ways be sold at pricN. lie orders them
sold because he needs the money for
his business. That Is the sort Of steady,
drlbbling liquidation chat is acting as
damper on this market. Multiply Mr.,
A. by several thousand and you Will
have the source from which a great
amount of stock now being liquidated
Is coming"
The Sun and the New York herald., 1920-05-13

Coffee Cables-Rio was $50 rels lower for
7s, at i0$760. Exchange. 3-32d. lower, at
10 2i-32d Dollar rate. 3S7i0. Receipts, 1000
bags, and stock 325. 900 bags. Santos spots
were unchanged at $4,000 minimum and
$4,000 maximum for a. Receipts. 5000 bags
and stock. 2,3320O0 bags. Futures. 2J rels
higher to 100 res lower. Receipts at the
ports were 10000 bags. against 90 900 last
year, and $4,000 two years ago. Sac Paulo
had 1000. against $4,000. and 10000, and
Jundlahy 1000. against $4,000 and II 900
bags, respectively Cleared from Victoria
1900 bags for New York.
BRAZILIAN COFFEE STATISTICS.
The Sun and the New York herald., 1920-05-13
BRAZILIAN COFFEE STATISTICS.
NEW YORK STOCK EXCHANGE QUOTATIONS.
MAY2 2m90

WEDNESDAY, MAY 10, 1920.
The Sun and the New York herald., 1920-05-13

adding machines, II. Is probable that
they win be tho first changes to be
noted. Neither Mr.. Merrill nor any Of
the present officials OF the New York
Life Insurance and Trust Company
would talk yesterday Of their plans or
even admit that Mr.. Merrill would be
admitted to the official family
Tho old fashioned trust company, do
ing business in It's quaint. old fashioned
way In district teeming with the rustic
and hustle and clatter and noise N pres
ent day finance, has long been t$l OBJ
ject Of curiosity In the community. The
banking house itself fairly. radiates per-
manency and solvency Just inside the
door Ia It's motto. done In copper and
hung the day the bank opened It's doors
In 1880. For the Protection OF Widows,
Children and Old Age"
The Sun and the New York herald., 1920-05-13
Erie Financing,

Officials of the Erie have been dis
cussing with bankers the possibility OF
new financing to meet the s23,516,5O0 of
its obligations which mature next fall.
OF that amount $20.590.500 is due on
September 1. Bankers for the Erie are
Of the opinion that the obligations will
be put up to the Government and that
arrangements through those channels
will be the final solution Of the problem.
The Erie's maturities this fall are as
follows: s2.92e,00o OF New York and
Erie fourth gold per cent bonds, dated
August is. 1857. due on October 1. 1920.
S16,891.000 OF Erie Railroad consoll-
dated gold rs, dated September 1, 1870.
due on September l. 1920; s3,699,5o0 of
New York, Lake Erie and Western first
consolidated mortgage funded coupon
gold Is, dated September /, 1878. and
dus On September /, 1920.
The Sun and the New York herald., 1920-05-13
Royal Dutch and She'll Rights.

Although official announcement of the
value Of the rights on Shell Transport
and Royal Dutch have not been made
the speculation on those securities is
based on the theory that they will be
very valuable. In the case Of Shell Wall
Street hears that rights will be offered
to subscribe to new shares at $3.50 n
share to the extent OF so per cent. of
present holdings. which would make the
rights worth from $22 to $23 a share.
In the case Of Royal Dutch the subscrip-
ton price is reported to be $3.50 n new
share. to the extent Of so per cent. Of
present. holdings. which at the stock s
current level would give the rights a
value of about $33
The Sun and the New York herald., 1920-05-13
TO FINANCE GERMAN IMPORTS
british Bankers Arrange for Raw
Material Shipments.

Arrangements for financing imports
of raw materials into Germany by a
British banking syndicate are consum-
mated, according to private cables re-
ceiyed by international bankers yester-
day. The syndicate Is composed Of the
following British institutions: Lloyd's
Bank. Ltd. the London Joint City and
Midland Bank. Ltd. Frederick Huth &
Co.. Morgan, Grenfell & Co, Goeschen h
Cunliffe. n. NJ. Rothschild & Sons and J.
Henry Schroeder & Co.
The Sun and the New York herald., 1920-05-13
Middle states Rights.

In presenting TO the New York Stock
Exchange its application to list addi-
tional stock the Middle States Oil Cor
poration gave to the exchange its in
come account for the first three months
of this year. That statement showed
that its net earnings for the quarter.
after payment OF all charges. including
an allowance for Federal taxes, amount
ed. to $9S0.9S7. equivalent to $2.S1 a
share on the $S.500.000. its then out
standing capital stock Of $40 par value.
That amount is at the annual rate of
$11.24 a share and represents earnings
Of more than 112 per cent. on the par
value of its stock. The application also
included the income account of the Texas
Chief OIL Company Middle States sub
sidiary. which showed net earnings from
December 8. 1919. to March 81. 1920, of
$513. .066, or $1.29 a share on its capital
stock. or $3.55 a share year.
The Sun and the New York herald., 1920-05-13
NAY COTTON is STRONGER.
Gains MAximum OF 30 to 90 Points
During Session.

The cotton market received moderate
support yesterday and scored a maxi
mum gain Of 30 10 90 points, May, tho
spot month. being the strong position In
the list. Buyers included local shorts,
who covered on the bullish weekly
weather report and the probability OF
further adverse weather IN the Belt to-
day. The market did not hold all Its
advance and there was considerable
irregularity at times. chiefly in early
and late dealings. Liverpool cables
were lower than due at the opening,
but spot business In tho English centre
showed greater activity than for con-
siderable time. 1000 bales changing
hands
Range Of prices:
The Sun and the New York herald., 1920-05-13
COFFEE MARKET.

Tho coffee market. opened yesterday
with an advance OF n point to a decline
OF IL points and relative weakness in
July and September. Demand increased
around midday. and on a spurt July SOLD
up to 15.10c. and September to 1l70c.,
Of points net higher. At that level
private advlces. which reached the mar
ket. claimed decline in the Rio mar
ket OF $50 reis. which, with irregular
Arm offers, some being lower than yes
terday's quotations. brought out some
fresh liquidation. resulting in n sharp
break.
The Sun and the New York herald., 1920-05-13
COTTON STATISTICS.

Liverpool cables-Spot cotton In more de-
mand at So points declinei middling 26.4ld.
all American. Futures opened barely steady,
20 to Is points lower. Closed steady; old
crop 0 to 10 lower and new 10 Z points
higher. May. 25.3ld.; July, 2i.70d.; October,
23.84d. December, 23.07d,: January. 22.s0d.
Manchester yarns dull and easier; cloths
buyers hold off.
The Sun and the New York herald., 1920-05-13
American wooIen Underwriting.

1t was reported yesterday In banking
circles that Hayden. Stone & Co. have
contracted to underwrite the new $20,-
100000 common stock issue of the
American Woolen Company, to be Of
fered stockholders at par ($100) on the
basis Of new share for three old ones.
The underwriting Is reported to be at
$95 a share. The stock was under par
ticular pressure yesterday and from the
opening price Of 1111s sold down to
1918. later rallying to 1881 for a net
decline of 3h points
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1920-11-19
GILBERT

Nov. 17:-The young people of Gilbert
were very pleasantly entertained at q
dance given by Mr.. and Mrs. John Olson
Saturday night. Lunch was served!
We have not heard whether the guests
stayed for Breakfast as they did on the
occasion of an apple party there.
Following are the school notes for
the Gilbert school, Of which Miss Ruth
Sjoberg 10 teacher. For month ending
Nov s: No. pupils enrolled, %; No. days
taught, 20; Average attendance. 17;
Those neither absent nor tardy. Vivian
johnson, Della Johnson. Minnie Rog-
ers and Katie RoE ers.
The Little Citizens League" OF DIST
so, met Friday afternoon: Committees
on Health Information. Programs ana
Games were appointed. The following
70 hold meetings twice a month.
TO give q Xmas program.
To subscribe for Current Events.
At B isei i Prairie Catholic church on
Tuesday, Nov. 16, was solemnized the
marriage Of Miss Cecilia Doucette
| dauehter of Mr.. and Mrs. Joe Doucette
to Mr.. Wilfred Odette Of Ripley town
The ceremony was performed by Kew
FIR. Pellet at o'clock a. M, In the pres
ence Of the relatives.
The bridesmaids were the Misses n.as
| while the groom was attended by tht
Messrs. Isadore Doucette. brother OF
the bride, ana Edmund Doucette:
| The brides gown was white beaded
messaline with an overdress OF geor-
gette crepe and she carried white roses.
| The bridesmaids were attired in pink
crepe de chine and their flowers were
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1920-11-19
;'SW,xl(1l1

= Fred G. Nuste. 4 Eploneer merchant]
aad. highly esteemed citizen Of this sxi1s1
-, pesset .exsz q = hteahem rs. here s 8
:::PSat Is seetss tss:sd = 1njsTiss IL
.taG. an eav6k 1fough. He was g years
.o1 age at the time Of his death. -.
y Deceased was born In Germany. IN
1851, coming TO America with his par.
eats, whom 1e years Of age. He lived
Cor some time in Wisconsin. coming
to this locality when a young man.
settling on farm in East Swanv1lle:
now occupied by Math zwilltng ana
family. He was united In marriage
to Miss Wilhelmina Thorn Of Long
Prairie township in 1880 and resided Or
his farm In East Swanville for seveeAl
years before coming to this village:
where he opened . general store ana
has since been one Of the leading mer-
chants Of the village.
He is survived by Ave sons end one
dauehter: The sons are John 6 Gaar'i e;
Melon. Wis. William Of Glenwood. the
daughter. Miss Hulda Muske. resides at
the home Of her parents.
The funeral was held Wednesday a.
: o'clock p. M, from st. Peters Luth-
eran church, Rev. Gutknecht officiating
The funeral was one Of the largest ever
held from the church. bearing test1'
mony Of the many friends Of the de.
ceased. Burial was in the Lutheran
cemetery.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1920-11-19
DARLING TOWN

Nov. 18:-NeXt Sunday there will be
services at the Swedish Lutheran
church a. 1890 a. m. On THANKSGIVING
day at o'clock. there will be an auc-
ton sale Of fancy articles by the Ladies
Aid society and a short talk Will be
given by Rev. Sholander. Refreshments
will be served. All are cordially in
vited.
Carpenters are Smuggling the Luth-
eran church this week.
Two fine monuments have been
placed in the Swedish cemetery. One
was for the grave Of Arnold Olson and
the other that Of Miss Florence The
lander. Both were made In Little rails.
Mr.. and Mrs. G. E. johnson of New
Ark, Ohio. wrote friend here that the
weather was fine and t.rass was green
on November 10 and hat apples sell
for $l.OQ per bushel.
Mr.. Jones, who sold his farm to q
man from South Dakota and will leave
for wisconsin. Mr. Jones has been
supervisor in Darling town: We are
sorry to lose this family from among
ALFRED Children. of Lone Pine. Mont.
IN a letter to August Blomquist, states
that wheat went 35 to As bushels per
acre in his neighborhood and that ne
.1ikes it out there. (This yield was ap-
.parently an exception, as crops gener-
ally in Montana, were very poor this
yerh The Ladies Aid met Tuesday with
Mrs.. August Thelander and made a line
! fi4flt, which Is to be sold Thanksglv-
ing day. Yesterday they met with Mrs.
|snTMr. and Mrs. Albert T. Kull were out
here Tuesday evening on business.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1920-11-19
II that place had charge OF the :fun-'

q sh.ts plaes had charge Of tie ;>fs N
Nic, w.liek. mot with seriou. injury
Go, sleyetor. hfs horses became anm.n.!I
! ;and.h was thrown out of the
X6Kon and run over
Rs = c c::rs r ss IT, syen sneo:
s o'clock IT the school house:
The american Legion went to Rice
"wednesday. to conduct military run
ers g. f F.sf 'k f,o %%ssseePF .es. 1Drhe
home Of 1r. and Mrs. George F. Whtt-
wen. 367 Concord street, was the scene
oe g.e when ~1 tReir eldest daughter,
Elisabeth, became the bride of Norris
Kenneth Carnes. The ceremony took
ErR1k4 8 p. M. before . background OF
S:sssdral fs eand,e. Ksv: n e. P'nkhs%
.Fhe' bride was gowned in white
sgebrkette prettily embroidered In sat.
brides roses and narcissus. Her veil
was arrahged with q coronet Of tulie
caught with rose buds. The brides
attendant was her sister, Miss Marine t.a
, taffeta and carried pink roses. Jean
Carnes, sister Of the bridegroom. was
, flower girl. She carried basket ct pink
prcfes sne at The coiiege of
University Of Minnesota. attended MI
, Carnes al best man. Miss Anna Whit
| well played the wedding march. and az
| ter the ceremony accompanied Mrs:
George j. Whitwell, who sang several
vocal selections.
| The guests included relatives and
friends Of the bride. Those from out OF
the bridegroom. Mr. and Mrs. J. N.
Carnes and the Misses Emily, Helen
and Jean Carnes. Mr.. and Mrs: P. r;
Carnes Of Royalton. MIMI, and Mr.. ano
Mrs: c: J. Hale and son. Dudley OF
The wedding is Of particular interest
in University. circles as both the bride
END bridegrSomm Es Srad%aht e br 81
q member Of >GammaDelta sorority and
Mr.. Carnes is a member of Phi Kappa
Sigma. Alpha6 :Zeta and Gamma sigma
left for short wedding trip and on
their return, will be at home at 141t
Raymond avenue.