davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
In Wall Street
More British Gold Expected

Bankers in touch with British finan-
cial policy are Of the opinion that the
gold flow to the United States In antici-
patton Of the Anglo-French loan which
natures on October 15 has not ceased.
The fact that arrangements have been
concluded between Great Britain and
Argentina whereby the former will
supply funds for paying off the Argen-
tine maturity here on May Is was in
terpreted by many to mean that the
gold shipments Of the last month from
London have really been in anticipa-
ton Of the Argentine maturity, which
amounts to about $4S,o0o,00O. How
ever, it was denied that the gold was
earmarked for this purpose. It merely
added to the British balances in this
country, which already had been heavy.
Part Of these balances has already
been used to buy in Anglo French
bonds for the account of the British
government at the prevailing discount
in the open market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Oil Transport Company
Orders Seven Tankers
First Vessel To Be Delivered to
Swiftsure Concern Next
December

Tho Swiftsure Oil Transport Com
pany, which is controlled by the France
& Canada Steamship interests, an
nounced yesterday that it had placed
contracts with the Northwest Steel
Company, Of Portland, Ore, for seven
12,2oO-ton lightweight bulk oil tankers,
at cost of $4,000, 900. The first vessel
is to be delivered next December.
Francis R. Mayer, president Of the
France & Canada Steamship Corpora
ton, heads the Swiftsure company.
Other members Of the board Of d.
rectors are: Philip Stockton, presi-
dent of the Old Colony Trust Com
pany, of Boston; Malcolm G. Chase,
Of M G. Chase & Co., of Boston; Alex
ander Smith. Of Peabody, Houghtal-
ing & Co., Chicago, and Charles
Mayer, New York
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
American Safety Razor

Buying Of American Safety Razor
shares yesterday was said to be due
moro to the prospects Of improved
business for the current year than on
the earnings for the period from Sep
TENDER II to December 81, 1919, which
were submitted to the Stock Exchange
in connection with the listing this
week of the. stock. This statement
showed a surplus after expenses but
before Federal taxes of S699, 755,
equivalent to 81 cents share on the
100000 shares (s25 par value) stock.
An interest Of the company stated
yesterday that many people who have
been buying the company's product are
also stockholders.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Routine Crucible Meeting.

Contrary to their usual custom d.
met at the New York Offices of the
company, whereas they usually hold
forth at Pittsburgh. There were
rumors after the close of the market
that some important announcement
would be made after the meeting but
Chairman Of the Board Wilkinson in
formed The Tribune that only routine
business was transacted. He said that
the question Of the declaration of addi-
tional stock dividends did not come up
for discussion yesterday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Paris Market Firm

PARIS, April 1e.-Prices were firm
on the Bourse to-day. Three per cent
rentes, 81 francs rs confines. Exchange
on London, IS francs So confines. Five
per cent loan, 83 francs IS centimes.
Ihe dollar was quoted at 16 francs 46
confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Lackawanna Steel

Rumors of an impending consolidat-
ton Of the Lackawanna Steel Company,
the Youngstown Sheet and Tube Com
pany and the Inland Steel Company
received wide circulation in the finan-
clal district yesterday. They were
mainly responsible for the sturdy
strength displayed by Lackawanna
Steel shares, which advanced more
than 2 points net. A leading interest
in Lackawanna Steel denied that the
company would be involved In the re-
ported merger. In fact, it was said
that the matter had not even come I'D
for discussion before the management
Of the property. According to advices
from Cleveland, the plans for the
steel combination have reached an ad-
have been agreed upon by the inter-
ested parties. One Of the reports was
to the effect that recapitalization Of
the Youngstown Sheet and Tube Com
pany would precede the consolidation.
Getting Used to It
"Since the Pennsylvania and New
York Central companies expressed the
opinion that at least per cent would
have to be paid for money for some
time to come by issuing their obliga-
tions at that rate" said a prominent
commission house yesterday, "the mar
ket has shown disposition to ignore
high interest rates. 1t would seem that
now the Street has become convinced
that if it wanted stocks there could be
no easy money to do it with fora pro-
longed period, it would accept the
become accustomed to the
new per cent figures and take account
of other influences, favorable or other
wise, as they are. Past experiences
have proved that one can become ac-
customed to almost anything, except
that which is really destructive; SO, if
the attempt is not made to conduct
wild bull speculation and thus use
up money SO that rates would have to be-
made absolutely prohibitive, it is not
at all improbable that the market with
considerable irregularity in It's move
ments, will gradually work moderately
higher"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17

Sterling was shade weaker yester-
day, but lire and French francs were
somewhat stronger than on the
previous day. Marks we're again
weaker, continuing the new downward
movement which was accelerated by the
closing Of the Berlin Boerse after tho
government announced it would con-
fscate foreign securities and pay for
them at the market price as of Jan
uary 10.
Yesterdays closing rates, compared
with those Of a week ago, follow:
Quoted dollars to the pound)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Fashions Change

A banker likened the present stock
market yesterday to a department
store which Is continually changing it's
window displays to attract the public.
"The stock market window dressers,"
he said, "have placed the magic label
stock dividends on their favorite mod
els and record business has resulted
The public doesn't seem to realize that
it is buying the same thing but paying
more"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
London Money Market

LONDON, April 16.-Bar gold, 1925
I'd. Money, 81 per cent. Discount
rates-Short bills SIS per cent; three
months bills, 6ss per cent; gold premi-
UNI at Lisbon, $4,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Money and Credit

Money on call opened at 10 per cent
on the Stock Exchange, scared as high
as IL per cent, and then eased off to 8
per cent at the close. Most of the davis
business, however, was done at 8 per
cent. Time money continued to be in
great demand. Borrowers bid from 81
to 8 per cent on all Industrial loans
and to 8h on mixed collateral Offer
ings Of 100000 and 100000 were
quickly absorbed.
The ruling rate for money yesterday,
compared with a year ago, follows:
Yester- Year
Call money day. ago.
On mixed collateral. 10 5%
On industl collateral.10 81
Time money (mixed collateral):
Sixty days ........... 8M8h 5A@6
Ninety days ........ 8M81a 5Am6
Four months ....... 868h 5&m6
-Four to six months. 8@8A 5%@6
Bank Clearings-Bank clearings in
New York and other cities yesterday
were:
Exchanges. Balances.
New York :. $1,101 ,208,22 $1O2, 565 ,OO7
Baltimore -. 16,982,969 8,O81,972
Boston ..... 91,376,366 28,8O6 1877
Phila 5000. 96,O69,891 22,16s,o2e
silver-London, e7Ad; New York,
$1.17Z; Mexican dollars, s9Ac.
Sub-Treasury-United States Federal
Reserve credit balance, $ss,383,S50.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Riordan Stock Increase Voted

Stockholders Of the Riordan Pulp
q Paper Company have authorized In
$4,000 to 100000. The new stock
win bo offered shareholders at tho rate
Of one share Of new for every share Of
old stock held at 1928 a share.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Tho Decline in Silver

nn win the market value hans Of silver Slip
the view yesterday that a reaction from
the recent boom in the white metal was
under way. New York silver was
quoted yesterday at $1.17%, compared
with $1.35k late in January. One
reason for the downward revision of the
price is said to be falling off in bust
ness in Japan as a result of increased
competition from Europe. And as
Japan is an extremely heavy importer
Of goods from China her purchases are
likely to be affected, and slowing UP
to some extent is expected in China, to
which much silver, including large
shipments Of American silver dollars,
flowed during the boom.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17

Southern Spot Markets-New Orleans
1925. Mobile steady. 25 points higher. AZ
Ale: sales 100. Savannah steady. 10
higher. at I.6o; sales 96l bales Charles
.on steady, unchanged. at 1850. sales nil
Norfolk quiet. so points higher AT 20 so,
sales 1.429. Augusta firm IS points
higher, at $50. sales ess Memphis
Louis steady. unchanged. at IL 80. sales
MI Houston steady. % points higher. at
42.75: sales 2.l31. Little Rock quiet,
unchanged. at 43c; sales 2s4. Dallas steady
unchanged, at 44.O5 sales 2ss. Galveston
nrm' unchanged. at 1850: sales ZIG bales
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Spiccr Co. Acquires New Plan,

announcement was made yesterday
~ inc sp'cer Manufacturing Corpora
ZION q ,he acquirement OF tho Sails
manufas4uDsxs Of axl{ motor ears.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17

dinner wac given last evening to tho
Two hundred employees OF the Manufao-
tX4Tf Trust Company By that institutions
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Porphyries Output Smaller

A falling off of 225,470 pounds in the
combined output of the Porphyries,
four of the largest copper mining COM
panies in this country, during the
month Of March, compared with the
production in February, is revealed IN
the report for last month made public
yesterday. Two Of the four companies,
the Chino and Ray Consolidated, in
creased their production last month,
but the decline in the output of the
Utah and Nevada Consolidated was
sufficient to make a net loss for the
four companies. In March the Utah
Copper Company produced 8,894,59e
pounds Of copper, compared with e,211,-
300 in February. The Chino Copper
Company in March turned out 4,413,329,
compared with 3,17s,489 in February;
the Ray Consolidated, 100000 pounds,
against 3,885,000 in February; the
Nevada Consolidated, 100000 pounds
in March, against 3,S5O,0oO in February.
The production Of all four companies
in March was larger than in March
1919, but considerably smaller than in
March, 1918.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17

Liverpool cables-spot cotton quiet At
81 points advance: middling. 27.esd saiss
5000. American 1000; Imports 10000
American $4,000. Futures opened s,eady
at 10 to 23 points advance. Closed vary
steady at 20 to 81 points net advance. May
26s6d; July 25.4Sd; October. 2a22d; Do.
cemb Der. 1892; January, 2S.I4 Manchester
Yarns, firm; cloths. quiet
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
The Dollar in Foreign Exchange

Sub-Treasury-United States Federal
Reserve credit balance, $88,383,850.
New-York tribune., 1920-06-11
A Chance to Serve

A wonderful opportunity to help
bring health and happiness to many
thousands of the city's children is Of
fered in the call for volunteers sent
out by the United Neighborhood
Houses this summer
Plans have been made to open sixty
camps in the mountains and coun-
tryside Of New York and nearby
states where children will be enter
tanned for vacation periods of two
weeks. Day outings to parks and
beaches, roof gardens, vacation
schools and play streets will do their
share in making everyday life eli
durable for those who are obliged to
live in town through the summer, be-
fore and after tho fascinating ex-
perience of two weeks in camp.
To amuse and care for the chill
dren who are dependent on the set
Elements for their recreation Is no
light task, and the regular force Of
workers must be supplemented by
volunteer assistants. Those who are
able and willing to give the time will
find new and fresh adventure in
amusing and directing the energetic
and restless young people Of the
tenements.
Special training is valuable, but
not necessary, in this vacation
work. A true interest in young peo-
pie, an understanding of childish
minds and infinite patience will
make success Of the volunteer play
leader, story teller or kindergarten
teacher. For those who feel that
they do not have this equipment the
milk stations and lunchrooms, even
the settlement house offices, may Of
fer opportunities for service. The
call Of the children should not 20 un-
needed.
New-York tribune., 1920-06-11
Every Man 8 Dictator

To the Editor Of The Tribune.
Sir: We are composed Of two selves,
one the thinking, conscious self, the
other the unconscious or subconscfous
self-they appear to have but little, If
any, connection with each other. We
do not conscientiously make our con-
tent Or discomfort; our mind seems to
work automatically. same as a birds.
We are supposed to reason, but we
reason just exactly as we have to. We
feel sad or joyous as we are compelled
to. We do as we are dictated, no one
is to blame for anything they do. If
any one Is to blame, it is the dictator.
If q man Is dangerous 1t may be
necessary to put him behind bars, for
no one can catch the dictator! We will
what we have to will; we wish what we
have to wish. We are merely machines,
and all matter, conscious or uncon-
scious, Is carrying out the dictator
ship Of nature. If you don't like the
word nature, call the dictator by any
other namel
GEORGE O. BARTLETT.
Tolland, Conn.,, June 9, 1920.
New-York tribune., 1920-06-11
Margin Enough for All

Those who are contesting the In
accuracy Of the New York City GEN.
sus have overlooked one previous
governmental contribution to the
settlement Of the controversy. Some
people argue, with Mr.. Stewart
Browne, that our population must
have been more than 100000 in
January last. Have they forgotten
that the population Of New York for
draft purposes was fixed in June,
1917, by the Federal Administration
at about 6,500,00O?
1t didn't matter to the War De-
partment that the state census Of
1915 had shown a population here Of
only 5,066,222. The Federal author
tiles flattered our sense of civic
pride by attributing to us an In
crease Of about 100000 within two
years. According to the Federal ex-
perts, our draft registration dis
closed that such a gain had been
made. At the same time registra-
ton figures in Kentucky proved that
that state had lost 260, 900 inhabi
tants since 1910, and registration
figures in Mississippi indicated
falling of Of 1900 in the same
period.
The government certainly treated
New York City handaomely In 1917.
New-York tribune., 1920-06-11
MIR. Cmn,nins's Victory

Senator Cummins's easy victory
in the Iowa primary is wholesome
sign Of the times. Iowa was one of
the states in which the "Granger"
fight against the railroad manage
ment of generation ago originated
and became most acute. Many of the
prejudices created by that fight per-
sisted long after the railroads passed
under strict state and Federal con-
troll. The "Granger" communities
sympathized generally with the re-
strictiva theory Of regulation, car
ried to a paralyzing extreme by the
Interstate Commerce Commission.
Mr.. Cummins's long service on the
Senate Interstate Commerce Com
1nittee taught him that government
regulation had failed because it was
too one-sided. 1t was destructive
rather than constructive. 1t re-
tarded the proper development Of the
carriers as a public service agency by
squeezing their earnings and weak
ening their credit. When the time
came last winter to liquidate the un-
happy enterprise of government op-
GRAFTON, to restore the roads to nom-
inal private operation and to set
them on their feet again as a going
concern, Mr.. Cummins took the lead
in preparing broad and statesman
like scheme of reorganization. His
bill, which the Senate passed, went
even further than the new Esch-
Cummins law does toward stabiliz-
Ing operation and recognizing the
governments obligations to railroad
investors.
The Iowa Senator was courageous
enough to put an anti-strike section
in his bill. He thus antagonized
Mr.. Gompers and the railroad
brotherhood leaders, who refuse to
admit that where continuous opera
ton of an essential public utility is
involved the public's interest is par
amount to the interest of any class
or group. Mr.. Cummins's name is
on the list Of Senators and Repre-
sentatives whom Mr.. Gompers has
marked for defeat. He came up for
renomlnatlon in state where the
railroads have never had many
friends. But his courage and states-
manship have been vindicated. His
view is the sound and progressive
one, and the Republican voters of
Iowa have indorsed it.
This IS year when candor and
open-mindedness in politics are going
to count. Mr.. Cummins's success
should encourage other candidates
FOR office not to side-step when f.
comes to choice between political
expediency and well-founded con-
viction.
New-York tribune., 1920-06-11
The Strike as War
4 Vicp That Considers The Public d
Hclpless Neutral

10 the Editor of The Tribune.
Sir: | note with interest to-dav's
editorial on Mr.. Gompers's inability to
answer Governor Aliens question on the
right to "bring on strike affecting the
production and distribution of the ncccs-
saries of life" etc. May 1 use few
lines to comment on this question?
We must remember that strike is
an industrial war. Whenever war breaks
out between two parties, be they two
nations or two organizations, one of
labor and one Of capital, the peace and
comfort of not only the conflicting
forces. but also parties neutral to the
conflict. are greatly disturbed. When a
war breaks out between two nations it
is the right, it is the duty, of any or all
other nations to use moral force to
bring quick end to hostilities and a
peaceful settlement Of the issue. If they
fail they must step back and let the
combatants finish it between themselves
II, however, ono nation deliberately
causes further disturbances to the peace
and comfort of neutral nation 1t is
the right of that nation to take up arms
on the opposite side Of the conflict.
When an industrial war breaks out
1t is the right and duty Of the public to
use moral forco on both capital and
labor to submit their grievances to a
peaceful settlement. If the public fails
,o% ~.
trail nation, in spite of disturbance to
public comfort, step aside and let the
strike 60 on. If either capital or labor
deliberately causes disturbance Of public
peace or comfort not directly caused by
the strike, such as the recent refusal of
Middle Western traction company to
run its cars or the attack of strikers
upon workingmen, then the public has
the right to use the force of the law
to punish the offender. SO far I know
of no attempt by organized labor to
deliberately disturb public peace or
comfort.
Governor Aliens industrial court re-
minds me of the eighteenth century
labor laws in England and France, for
bidding workingmen to ask for higher
wages. No court is set UP for capital
to submit requests for higher prices in
the necessaries of life. which reach be-
yond the limit of the workngmans
wages, but the workingmen must sub
NIT to court their requests for wages
to reach those nrices
have read The Tribune for three
years, because I have felt that, above
all other New York papers, it has al
ways stood for fair play. Please look at
this question from both sides, as you do
at all other questions. G. H. G.
Newark, N. j., June 8, 1920.
New-York tribune., 1920-06-11
In the Silly Season

FOR concentrated misstatement If
fact and all-round Stiffness We pre-
sent the following sentences uttered
by that small fringe of suffrage. the
suffrage pickets composing the Ma
tional Woman's party:
THE Republican party is respon-
sible for the continued delav IN
the ratification of the suffraoa
amendment.
IF millions Of women are OK
Guided from tho polls next Novem-
Der, as millions have already been
from primaries and state conven-
tlons. the Republican party will be
to blame"
How do these brilliant publicists
reach this amazing conclusion? No
partisan motives actuate them, thew
expressly declare. But when the
amendment was in Congress the
Woman's party held the Democrats
and its head, President Wilson, re-
sponsible, for the reason that the
Democratic party controlled Con-
gress, and therefore, In ratification,
since the Republicans control a ma
jority Of the state legislatures, thew
in turn are to be held responsible.
OF course, in Congress II was pre-
ponderantly Republican votes that
passed the amendment; 1t never did
lass the Senate until the Republicans
gained a majority in 1919. What
these suffragists can mean by hold
ing the Democratic party respon-
slble for this Congressional action it
is hard to understand.
In the matter or ratification il
would seem that party responsibility
might bear some relation to party
power. The figures on this point
are, taking the national party's own
schedule, that Of the thirty-flve
states which have ratified TWENTY
seven have Republican legislatures,
five have Democratic legislatures
and three have divided legislatures.
OF the states which have defeated
the amendment one, Delaware, has
Republican Legislature and six
nave Democratic legislatures.
Thus, excluding the three states
In which the legislatures are divided
out Of q total Of thirty Republican
states twenty-seven have ratified, one
has rejected and two have yet to
meet. Out Of fifteen Democratic
New-York tribune., 1920-06-11

when only pencil and a pad were
needed to figure out our population.
The state military census of 1917,
however, resortcd to an actual
count. According to Ernest P. Good
rich, its former director, the popu-
lation of the city, in July, 1917, was
5s462,277. If this count is to be de-
pended upon it shows that neither
the state census Of 1915 nor the
Federal census of 1920 could have
been very far wrong. But those
who believe in mixing imagination
with figures can still console them
selves with quoting the New York
draft census, which demonstrated a
growth more monumental than any
of the critics Of the recent Federal
enumeration now seem disposed to
claim.