davidaulloa/AmericanStories huggingface dataset:
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24
warehouse receipts which may be
negotiated by farmers on proper mar
b MORRIS

warehouse receipts which may be
negotiated by farmers on proper mar
gins. go.
For the purpose of making loans
on wareshouse receipts Baruch pro-
poses corporations, cooperative II
desired. but not necessarily SO. whose
capital stock shall be open to public
subscription. These could advance
money to farmers on their notes. ma,
turing at various dates, secured by
warehouse receipts. There would
then be issued against the notes bearer
certificates in denominations of from
500 to $1,000 bearing attractive in
@terest. Because Of the interest and
their security since behind them
would be the Of the cofpor-
alton, the individual credit Of farmers
and the receipts for goods warehoused
and insured, the certificates should
be easily saiable. 31l.t Az.
Information for .Fhzmen
Another step in Baruch's proposal
Is a system of market Information
for the farmer. He notes hat the
department Of agriculture of crop
conditions. He suggests thai through
the same department the farmer be
kept informed Of conditions in all the
markets Of the world, posted daily.
bi-weekly or weekly in all p%ostofices
or printed In periodicals of wide cir
culation. would enable the farmer to
market his goods to the best advan-
tage.
"Care must be taken, either in col
lective marketing or in collective buy
ing" says Baruch, that the power
| which would come into the hands
Of agencies established for these pur-
poses is not abused" Collective buy
ing by farmers, Baruch adds, ought
to be confined for tie time being to
staples. ,
II One phase of; the problem of dis
tribution, the handling of products
IN the city, Baruch suggests. may have
to be undertaken by the city dwellers
themselves. 1t Is the transfer of
products from the farm to the city
dweller that the great increases in
price are made. This becomes a
question for settlement by the cities
and apart from the subject which
! Baruch was asked to study.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24
VIENNA AIDED
By ARRIVAL Of
FLOUR Il SHIPMENT
Nine M Hundred Tons Of Flour
Loaned by Germany and
II Switzerland. h

Xtenna, Dec. 1.-(Mail.o-But for
me arrival Of 800 tons Of nour, lent byl
Germany and Switzerland Vienna
woulas nave been breadless this week
Assit was h government was forced
to SreQuisition 40 tons ofAbreadsturs
accumulated by the war. Kitchens dur
the crisis.
q considerable consignment Of
sIain U in Jugo-slavia and Ru-
smania Is tied upwat various points
Danube, because OF very low
water. throughout the autumn and
Efforts are being made to
tranship by rail but the car and loco
motive shortage Of all the countries
involved, as we'll q the lack Of steam
coal delays its arrival.
hut for American charity the city
authorities concede that vienna,s
plight, bad as it is, would have been
Infinitely worse this winter. The
burgomaster, DIR. Reumann, in appre-
citation of the extensive American re-
hef4 being afforded by various or
CARNATIONS has asked the Associated
Press to convey to the American.
people the following Christmas mea.
's'The distress in which the Vienna.
population Is living in consequence Of
the dreadful war, has highly Inn
pressed the American people. I
In Vienna children are starving
q perishing from malnutrition, the
sick cannot be attended in the hos
plitals for want OF medicines. surgical
Instruments, dressing-stuffs and other
remedies of all kinds; and the NOR
weak and old. All these facts have
called upSa undetermined readiness
Tor help very touching to the. populal
ton Of Vienna.
The American people have created
Q number of relief committees for the
purpose of collecting gifts..to be dis
trtbuted among the indtgent yof vi
emma and the famishing children The
American government has taken great
interest in this relief work and the
American Red Cross has brought love
parcels Of g high value in Vienna and
softened the great misery to con-
siderable extent. &, sa y
We cannot enough admire this
observation-disclosures that was shown us
in suchsa humane manner; our langu-
!, age has no words At for interpreting
u feelings of heartfelt thankfulness
and gratitude.
"A Hburgomaster OF the city OF vi
emma, IAbeg to express herewith my
profound and sincere thanks to the
generous people Of the American state
Tor all the marks of sympathy shown
the Vienna population and for all re.
upon It,.
II have the honor to send to it the
best wishes of the Vienna town coun,
Gil for a merry Christmas, assuring
you that the population Of Vienna will
never, forget the humanity and phi
lanthropyto America that has re.
lieved and helped us In this time o,
r mood 49, ..t :. 3 ~ HA RI
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24
(By Arthur Lesueur.)

Again i emphasize the connection of
these industries and the bank with-the
politics Of. the state.
1.-The industrial commission is fur
thor handicapped in this legislation by
being required to finance the Diff
ferent Institutions by the issuance of
state bonds rather than Industrial
bonds. With Industrial bonds guar
anteed by the state. It leaves theMsin
q position to demonstrate that they
do not intend that those who q : moi
directly interested in the industries tn-
v0lved shall be compelled to pay for
their support OF their maintenance.
but with state bonds issued, every
banker. every railroad, every big busi-
ness representative, has perfect NOR
IL right to claim az deep an interest
In these industries as the farmers
themselves and will be certain. to- ex-
erctse that right to the detriment Of
the industries if possible"
Again, It ID Il mere evasion to say
that these bills provide only authority
IN this industrial commission TO hire
the managers For In Section il Of
House Blll Nc .a17athey are specifically
required by the bill to employ such
other subordinate Officers, managers,
iarchitects, contractors builders, attor-
neys, experts. agents, ssalesmen and
and sfix their bonds and remove them
either with or without cauDe. .ts
This is not merelyy;a supervtsory
corttrO .1TySsT Nh u direct; imrhedfttS
Eper9onRls administration. You will re-
mexnhersthat Mr. Dprrnan say mo-
even sthe governor should have the
right to hire 0r$fire m erlploye 5or In
Inc and DorIhang knows very vel
Nv Tnf
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24

Tinker Bob looked over the edge Of
the basket and beneath him were
the clouds. 4a E
q moment ago it was showing, and
now the sun is shining It seemed so
strange to him that Lady Duck seemed
to understand it all. How do you
know all about THU? 2"
w sa are above evee he Clouds aa,a La anS t Rhek Is
the place wherej the foolish Geese
ought to have gone, then nothing in
the world would have disturbed
them" Tinker Bob looked over the
edge Of the basket and beneath him
weer the clouds of snow. This, to the
* nR was the most wonderful thing
that had ever happened. But not SO
with Lady Duck. Said she: MANY
times have I done this thing in the
midst Of a storm when foolish Geese
were lost and destroyed. Some times
a Goose or two will get wise enough
to fly higher but not many Of them,
This was still a greater wonder to the
King for he didn't know there was
any room above the clouds.
Where are the lost Geese?'' cried
Tinker. almost forgetting that they
"Quack, quack," said Lady Duck,
and that was all she did say. But they
wont on and on till: Tinker spied some
thing In front Of them.
"Whatss issthat I see before met"
ssaid he Aasshe looked eagerly. There
was no Eenlyss1.ady Duck adjusted her
glasses and booked ahead OF them to
pee II hereyestsht was Al good d the
Kings. sSsSS:s t
Il see who lit d. II Is the Lost
Geese cried Tinker. They are all
together in one little flock"
Tinker was right. They had been
wise enough to my u above the
clouds. Tinker was glad.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24

them until the market is favorable.
carry the peak load in the distribu-
ton Of cotton, wool, tobacco. grain
and other commodities. These are to
be built preferably by private capt.
tai, but in any condition are to be
under state or federal supervision.
With such warehouses at his COM
mand the farmer instead Of throw
ing his output on the market when
both money values, and traffic condi-
They should be properly weighed,
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24

Plans Proposed to MakeU
Of Present Freight Tullal 4
For Passengers

Chicago. Dec. 14.-Discu1H0hSasol
Chioago's transportation problsfnsA 4es
again brought out proposals fosinaaits
subway service. making !use. e a
town streets. skaSaN IS
Construction Of subway tines
Chicago is besets with difacultiea. NOT
the least Of which IL the problsmsslofsS
the present system, operatingsS9 miles
Of tunnels underlying everyssstreeta4Ess
the Town town district. ssS s5fsssS
h freight subway is 9 eve
and lies 40 feet under the surfAce.S
Engineers say it is too high to permit
construction of al passenger tunnel
above 1t without endangerfnE tho.i
foundations Of buildings and toogfaT
down to permit boring under 1t ex-$
cept at great cost and Inconvenience
y Tunnel construction under ChicaooA
Is different, engineers say. from enS
cheering practice in any other lArgo
city which boasts subways.W Wills
the New York underground transit
system is essentially! a ditch. foofAAf,
over, Chicago's freight subway IL N
acutal tunnel. bored underground. ID
The subway passes through&sA
stratum Of blue clay. This clay has
about the consistency Of putty, untAS
brought to The surface, when It raps@
idly hardens. Engineers solved tho
problem of its removal by cutting the
50 miles OF tunnel through the clay
by hand With steel knives. VI
Strips Of flexible steel about four
feet long were equipped with wooden
handles at either end, much like
cross-cut saw. A workman, graphing
q handle in either hand; bent tbs
steel into the form OF thorseshoeLIs
and hacked away at the soft clay
cutting on big Jumps which were their
Hh0VQlAH infn N0HQ ThC nmNHAN0d AfSS
was pumped into the tunnel to pres
vent the soft, sticky mass ahead Of
the workman from sliding into thu
bore. -
The tunnel was cut two feet hseers
each way than the inside dimensions
Of the subway. Each time h work-e
men advanced two feet steel forms
were placed and a foot of conerete
pumped in under air p~ressure.to forns
the walls, oof and floor. @ a4s4
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24
Stops CLOSED.

Albany. N. Y. Dec. 24.-one thou
sand employees Of the New York Cen
trail car department at West Albany
were idle today, notices having been
posted by the company that the shops
would remain closed indefinitely. Of
ficials at the shops assigned no rea-
o for the shutdown.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24
JURY IN ARNSTEIN
CASE DISAGREES

Washington, Dec. z4.-The jury In
the case Of Jules w. (Nicky) Arnstein
and others reported to Justice Gould in
the district supreme court today that
1t was unable to agree on a verdict
after 10 hours deliberation. Justice
Gould discharged the jury and an
nounced q mistrial.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24
TO SHIP MUCH PULPWoOD.

Two Harbors, Mimi Dec. 24.-Ap-
proximately $1,000 cords Of pulpwood
will be shipped to this port during
the winter. according to estimates
here. Cold weather. is expected to
stimulate logging operations in this
section. Though all kinds OF forest
products will be cut by the loggers,
pulpwood will claim most Of their
time. The pulpwood business alone.
It Is estimated, will furnish work for
about eight 81 ten trains and engine
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24
NJ ENTERTAN Patients.

Minneapolis. MINI, Dec. 24.--As
the result Of efforts OF the Hennepin
County tuberculosis association, q
Christmas. tree will be placed next to
each. bedridden tubercular patient In,
local sanitariums. In addition, q large
tree will be situated inythe main build
ing for all patients. Decorations with
holly ana mistletoe will add to the
Christm2ssaptrik sat the institutions.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24
CARIBOO MOVE.

Vancouver, B. c., Dec
dreds of thousands OF cariboo are
making their annual pilgrimage to.
the south, gay reports from the Yu!sss
kon. The herd are said to be largefa.ass
than ever and one story told OF
boat being held up three hours while
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24

II Pat does succeed in getting home.
rule he win have something that fewd
other husbands possess. &
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-24

In Saturday Morning
HeFald.)
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14
Not Seeking strangIehoId.

Regarding the idea now being spread
by propaganda. but an insidious and en-
tirely erroneous idea. that for some rea-
son best known to themselves the con-
sortium Is anxious to supply China with
funds and under guise of forced loan
to obtain stranglehold on the terri
tories of that country or to impair its
sovereignty. Sir Charles said; Nothing
Is further from our thoughts. In all
probability the consortium will be able
to exercise pressure by withholding the
funds which may be as salutary in fits ef-
fects and as enduring In its results rs
any premature supplying OF an insecure
government with funds which might be
wasted in expenditure. If. for exam
pie, by the action of the consortium-by
this negative action--the Government OF
China were led to effect a reduction ia
their military forces, which are already
far In excess OF her requirements and
which account for fully one-half of the
entire revenue OF tho country, then I
think that, even II nothing else werc
accomplished by this consortium. we
should have no reason to regret its In
ception or It's conclusion"
After addresses by French and Japa-
nese delegates Thomas w. Lamont,
chairman OF the initial series of Censor
tium conferences, said that the bankers
Of Great Britain, France. Japan and the
On1ted states uld not start out Oh their
own initiative on this quest with the
idea that they wanted lot OF money to
be made in China. Rather" he said
"our Governments came to us and asked
whether we would not lend our good
offices In the formation OF influential
and powerful banking groups TO help out
the situation In China. TO help stabilize
China and SO to help stabilize the whole
Far East
Regarding the subject OF loans to
China Mr.. Lamont said in part: I'VE are
not meeting together to-day or to-mor-
row for arranging for China one single
specific loan OF any amount or Q loan Of
any kind. The loan question Is about to
come UP. 1t may come up In the near
future. 1t is bound to come up In the
long future. What we are trying to do
to-day il to sit down and, as a partner
ship, weld our partnership together and
look over the whole field OF China and
taking n long look forward, make our
plans, appoint our subcommittee and, |
so far as we can. get IN shape to rem |
der to China those great services for the |
loan In the future"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14
GRAIN MARKET.

After declining cents bushei Mt the
outset yesterday the wheat market raj
lied as much az cents n bushei and
maintained a strong undertone through
out the remainder OF it's session. Therc
we're reactions from the high. but selling
was always checked and prices closed
AZ ~ to az cents bushel more than
Mondays final quotations. The advance
was largely due 10 covering by the
shorts on the holding attitude of tho
farmer. smaller receipts, good export
trade end higher cash markets. The
shorts apparently desire 10 await the
farmers action. They were guided into
covering by the fact that approximately
100000 bushels were worked for
France. Belgium. Holland and Switzer-
land in the last two days.
Bears, however. had chance to pree1
rrices at the opening because OF the
Federal Reserve Banks declaration that
Northwestern farmers would not be fur
nlshed with funds to hold their wheat
for higher prices That announcement
came after grain growers In session In
washington on Tuesday declared that
unless means were taken to curb the de-
cline In grain prices the farmers would
revolt Bears were encouraged also to
reli by lower markets In the Northwest
on Tuesday, and they forced deliveries
down 4 osnAs hs6nxa s>Hu rslfiA6 Ths
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14
better tone in the outside markets was a

better tone in the outside markets was a
factor which led TO covering in wheat
Trading In provisions was featured by
buying Of 100000 pounds OF octobs-
lard by a packing house.
wIEAT--In the local market No. 2 red and
No. hard. SAL C. !. Z. track N. 4.
CORN-The market was feverish and irreE-
ular. Prices rallied from an early decline;
but late In the session October developed
weakness under increased pressure and for
the first time sold at a discount under the
late months. Cash houses were feir buyers
of the late months and were Thought TO be
switching their holdings into those positions.
Receipts were somewhat smaller, but stocks
at terminal points, especially Chicago, were
unusually large. Exporters were said TO have
taken about 100, 900 bushels. although no
large business II anticipated on account
OF the competition from the Argentine. In
the local market No. yellow corn. Slim
No. 2 mixed. t1.16A c. 1. T. ~. r.. ten days
shipment
OATs--Ths marke, moved IN a compars-
lively narrow range, and closed net un-
less covering n sympathy With The other
markets. but there was consideraole hedge
pressure on the bulses. In the local market
No. white and No white, 6ede5hc.t No.
3 white, 6JGe5hc.. No, 4 white, 64Qofhc.;
fancy clipped white, 0on97ohc.: ordinary
clipped white. o5zc.. all elevator
RyI,-Ms rket steady. No, Western.
si.e1G T. %. b. and 81 SSH c. !. T. y. Y.
BARIEy-Msrket steady. Feeding, ti.oi0
1.02: mailing. ti.ii9i.i2 O. l. (. ". Y.
observation-disclosures steady. Sound mill
ing $40 q 100 pounds.
HAN-Afarsss< stssAx- No. 4 sheo0ieos
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14
TOBACCO PRODUCTS REPORTS.
Net Profits for = Months Ended
with August Arc SI.5O2,42O.

The Tobacco Products Corporation re-
ports for eight months ended on August
81 net profits. after all expenses and
charges. but before Federal taxes, Of
81 ,5o2.42o. equivalent to 1906 share
earned on the 10000 shares OF It's com
mon stock outstanding after deducting
dividends on Its preferred shares. Gross
sales for the eight months were si0.s24,-
029 and cost of raw material, operat-
ing expenses, selling and advertising
amounted to sS,542, sss. Dividends from
investments. profits on leaf sales anu
sundry items aggregated s1is,76l and de-
auctions for interest, losses on securi-
ties sold. &c. totalled s397,5o3.
The company's surplus at the Begin
ming Of the year amounted TO s2.5S6,56
and after deduction of sisi,so for two,
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14
CONSOLIDATED EXCHANGE.

An advance to per cent. in the call
fund rate was ignored during the final
hour OF yesterdays CONSOLIDATED Stock
Exchange trading. Price movements
were mainly upward. steels. rails and
specialtles leading in the scope OF gains.
Changes in marines and coppers were
to lower levels In the first half period.
while in motors and oils variations were
moderate and irregular
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14
VIRGINIA IRON NET sa.1r7,s7e.

The report OF the Virginia Iron, Coal
and Coke Company for eight months
ended on August 81. as submitted to the
New York Stock Exchange shows net
profits after all charges. taxes, &c. Of
s2117.376. or s2333 a share earned on
Its outstanding capital stock. Gross re-
ceipts from earnings and miscellaneous
income totalled s4.674,525 and deduc-
tons for operating expenses, reserves,
taxes, interest, &c, aggregate s2,557.1is.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14

instruments of 1919 Federal taxes, the
surplus at the end OF the eight months
period, before the payment OF dividends
for this year, was sa,eo7.of Dividends
paid so far In 1890 amounted to sl,07l, sls.
leaving a final surplus on August 81 OF
S2,s36,12o.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14
PARIS Bounsr TRADING.

PARIS, Oct. 1a.---Prices were heavy on
the Bourse to-day. Three per cent.
rentes, SO francs 90 centimes. Exchange
on London. IS francs IL centimes. Five
per cent. ioana. s6 francs II centirnes.
The DOLLAR .-1b francs 70 Confines.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14
APPROVES LONG ISLAND LOAN.

wAsHNoroN, Oct. 1s.--Approval OF a
loan OF $4,000 TO the Long Island
Railroad Company to aid in purchasing
locomotives and making additions and
betterments was announced to-day by the
f! Interstate Commerce Commission. Tho
railroad is required to provide s21s.O00
TO meet a loan by the Government
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14

No. 2. N.7o9l.so; No. 3. ti.5sai.T5: ship
ting. h.35af.55.
srRAw-Narkst quiet No. rye, t2oa22
CHICAGO pprcrs
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14
Describe. Condition. in China.

Sir Charles Adds, chairman of the
Hongkong and Shanghai Banking Cor
poration and a director of the Bank of
England, gave members of the Bond
Club the following picture of current
conditions In China:
There are to-day two or perhaps
three warning political parties in China
struggling for power and place, and al
though three successive elected assem-
blies have had their sessions they have
one and all failed so far to produce a
working constitution or indeed a consti-
tuition of any kind. Nevertheless you
VIII be making a great mistake IL you
attach the Importance which Is naturally
attached to revolutionary countries in
Europe and the West and apply them
to an Oriental country like China.
In the first place you will remark
that these revolutions are bloodless rev.
olutions. The Chinese, perhaps more
than any other people, have q standard
of rectitude. a deeply rooted. innate
belief that right is might and that those
reforms which are brought about by
force are not likely to be permanent or
salutary to the people. II, l were in
clined to indulge in a spirit of levity,
| should say that they sometimes remind
me OF those alarums and excursions to
which we are accustomed on the stage,
where a body OF supers march in at one
end of the stage and retire at the other
only to complete the circuit once more"
Among the points made by Sir Charles
were the following: 1t Is demonstrated
even to the people OF China themselves
that they need foreign assistance In the |
reorganization of their fiscal system |
The object of the consortium Is to assist |
China to stand on her own feet The |
consortium must lay down as a funda- |
mental principle that China politically |
can be saved only by her own exertions |
Without the assent and good will OF |
China the consortium has no desire to |
act.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14
PEyNsyLvANrA OIL MARKET.

on cIrr. Oct. 1s.--crcdit balances,
1910. Runs 7s,4sS, average 1851 /:
shipm~.ss ss.soa av-rHxs sx.sra
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-14
$25,OOO,OOO
Anaconda Copper Mining Company
Secured Gold Bonds Series B, TO
Secured Gold Bonds, Series B, TO
Due January I, 1929

Due January
authorized
sB th. issue.
Jauny and bray Taxes or
20 an $1,000, hsb
Trust Cmpano New Ym Bono eeemba whdo 6u tby
upon hr dav % interest saprnum tnehye orp
Jay 1eashy
o. th tt h ~ tina bond be purchased
GUARANTY Trustee
DRya,C airman9 Board is