davidaulloa/AmericanStories huggingface dataset:
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-09-07
BY FRANCIS II. SIssoN
Vice-President Guaranty Trust Com
pany of New York.


Vice-President Guaranty Trust Com
pany of New York.
The necessity for maintaining our po-
sition in world trade, of keeping markets
open for our products, emphasizes the
need for financing our export trade
through extension of credit abroad and
purchase of sound foreign securities.
And it is imperative that the investing
public should not overlook our present
opportunities.
The rapid development of the exten
sive new. areas OF the United States was
made possible by the investment of capt.
tai from other countries. The continued
investment of capital in combination
with our nationalistic policy encouraged
the development of diversified industry
which, during the period OF our e&pan-
sion, found the market for its products
within the country. Our industries
grew to such on extent that many pro-
ducers became Interested in foreign
trade as an outlet for their products
The world war led to further ex-
pansion OF our industrial capacity and
to the establishment of comparatively
new industries. The maintenance of an
outlet for our products in other coun-
tries is esseptial to the wellbeing of
American industries, The investment Of
capital in other countries is one of the
effective ways to keep world markets
open for American products. This in
wolves the purchase of foreign securi-
ties and the development of an inter-
national finance market in this country.
This country was changed by the war
from borrowing to lending nation.
There were set in operation forces that
will make this country an increasingly
important lender of capital.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-09-07

admitted. was the blow that really
started him toward defeat.
His ribs are bruised and his jaw
is very sore, but otherwise he Is
none the worse from his experience.
Dempsey did not bear a mark OF
the battle. After he had dinner with
Promoter Fitzsimmons and a party
of friends last night, he spent the
rest Of the evening dancing at a
summer pavilion in ST. Joseph He
planned to leave for Chicago late
this aftSnoon and will Immediately
go east in search Of new opponents
TO conquer Promoter Fitzsimmons de.
clared the contest was a success in
every way.
Miske declared he was heart brok.
en- over his defeat. He left the ring
in tears. as he had hoped to stay
the limit with Dempsey, as he had
done in their two previous engage.
ments. His father and wife were
ring side spectators.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-09-07

chase OF bonds of new railroad in
South America by the American in
vestors results, in all probability, in the
purchase In the American market Of the
and rolling stock with which
that railroad is to be built and equip
ped. Thus, the investment OF capital
in, other countries leads to the exporta-
tion, In the main, not Of capital, but of
products of American labor and icapi-
tai The proceeds of the loans win be
extended for the purchase Of products,
in this country. By financing our ex-
port trade we are, in effect, providing
business for our domestic industries and
in that way employment for labor.
A loan of capital means that the lend
ing country transfers portion Of its
purchasing power to the borrowing conn
try, and that the latter's purchasing or
consuming power is increased to cor
responding extent Loans Of capital
from one country to another frequently
result in worldwide expansion of trade
in consequence of giving such an In
creased purchasing power to the Dor
rowing country
The investment Of capital is closely
related to the problem of high prices
and high cost Of living. Judging from
similar instances in the past, It appear;
that the most feasible means of reducing
prices is by increasing production ir
proportion to population and facilitating
the interchange of goods. In time, thi:
results in an expansion of world trade
so that the volume of business may grow
up to the existing supply of money ant
credit.
The surest way Of increasing produc
ton today is to furnish the material!
that European industries win need tt
resume operations, and to exercise oul
influences in establishing stabilized con
ditions in other countries so that tn,
worlds producing capacity may b.
utilized to the greatest advantage.
The investment Of capital in new
countries will result in an increase o
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-09-07

trial census OF lyi4, the muustrlal plant
of the United States had total capi-
tai of s22,79l, 100000, while the value
of output was S24,246,OoO,0OO The war
resulted In additions to our industrial
plant. This is indicated by the pig iron
productions which is about forty-fve
per cent. larger than before the war; the
establishment of important chemicals
and dyestuffs industries; and the great
expansion of our shipbuilding industry.
Our diversified production and our nat
ural resources will enable US to supply
the materials which will form the ma
terial bases Of loans to other countries
As a further basis for foreign loans,
this country has large absorbing power
for investments. The annual savings,
which amounted to S6.O00000,0oo before
the war, reached total of at least $751;
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-09-07

reported privilege of 80 per cent OF
the gross gate.
Miskes bit" totaled $4,000.
Weather conditions were IDEAL.
Bill Tate, one Of Dempseys negro
sparring partners, easily outpointed
Sam Langford in a sixround pre-
liminary.
Harry Greb. of Pittsburg, VINO also
was sparring partner In Dempsey's
camp. won in the sixth round over
Chuck Virgins
T. W. Dickerson. a Grand Rapids
newspaperman, refereed the prelim.
inarie~
The betting at ring time was 5
to on Dempsey to win-without
takers.
Odds OF to that Miske would
not last rounds also found no
takers.
The state boxing commission Of
Michigan has been enriched approx
mate'y $4,000 by the fight because
Its share is 10 per cent Of the gross
Floyd Fitzsimmons. who promoted
the show, cleaned up between $4,000
and $4,000 on the show.
Fight by Rounds.
Round l-AIiske caught Dempsey
on the chin with a left hook. Demp.
sey led a right but missed. They spar.
red around and Dempsey shot a
light left TO the stomach Miske Jab-
bed with the left and Dempsey missed
with a vicious right. They clinched
and Dempsey landed on Mlske's chin
in the clinch Dempsey shot two
vicious rights to the stomach and a
glancing blow to the right and Miske
clinched. When they broke Miske put
everything he had in right to
Dempsey's jaw but missed by an
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-09-07

coming from the direction of the cell
lar. She gave a general alarm and
in response two dozen sleepy young
women piled out OF bed. and arming
themselves with buckets descended
the stairs. where they got busy bail
Ing out the basement in an attempt
to save the thousands OF dollars
worth Of property stored there.
Several Of the volunteers possessed
enough foresight to array themselves
In bathln/ suits. But the majority Of
them were clad in their robes de mutt
and soaked through, cold and uncom.
Portable, welcomed the arrival OF the
members OF q fire company who re-
moved the trunks TO a place OF safety.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-09-07
y. w. BUCKET BRIGADE
To Wage Battle With q Broken Water
Pipe.

4 bucket brigade" was recently
formed in the Denver Y. w. c. a.
u wage battle with a broken water
pipe which was carrying destruction
20 one hundred trunks stored in the
basement Of the building.
The call to service came at that
darkest Of hours, just before dawn
when the matron was awakened by
strange sounds. which could not be
attributed to either rats or burglars,
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-09-07
Synopsis Of Scrap.

Jack Dempsey knocked out Billy
Miske after ole minute and thirteen
seconds Of third round fighting.
Dempsey scored two knockdowns.
aside from the knockout.
Dempsey knocked Mlske down in the
second round with a short right
handler
He knocked down Miske for the
count Of nine in the third, with the
right hand to the jaw. As soon as
Miske got up the champion hit him
on the same spot with the same right
handler, and Miske was counted out.
Estimated attendance 10000, which
was the arena capacity.
Estimated receipts 100000.
Dempsey received $4,000 with the
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-09-07

SEND THE BOY TO Us FOR HI
SCHOOL SUIT AND GET A 2
PER CENT REDUCTION THE
WEEK. PRICES RANGE $40 tt
S25. CHAS. STEWART, 10' EAS
BROADWAY.-adv. 4
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-30
{ H CLEMENT, PIONEER
CITIZEN OF ARDM 0 RE
DIED At Il CLOCK
HERE THIS MORNI c

C. II. Clement, pioneer Of this city
died ~ his home at oil ID stree,
southwest at about II o'clock this
morning. During tho past year Mr..
Clement has been in bad health. Hc
spent three months In San Antonio
Texas In an attempt TO recupcratc
during the early part of tho year. ana
for a period of five weeks was con-
fined In q sanltarlum here. He re-
turned to Ardmorc last September,
but his condition was not much bet
ter. md for tho past two months he
had bccn confined to his home. and
was forced TO he away from ms bust
ness.
Mr.. Clement was 20 years Old. He
ia survived by hls vito and one eon.
Frederick. nged 10.
IInrvcy brothers havo charge or
the funeral arrangements. which will
not be completed until word is re-
cclycsl from tho sister Of tho deceased
Mrs .perrcll OF San Am.onio. who
hns been informed of ;ho death by
wire.
Intcrmcnt viii he maic In the Rose
Hill cemetery.
Deceased was n member OF the firm
OF Clemcnt-Tatc Insurance company OF
this city.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-30
PENDING BILL WOULD
PROVIDE FOR SERIES
OF FARM-LOAA BANKS
MEASURE CALCULATED TO PAVE
WAY FOR ORGANIZATION OF FL
NANCIAL CONCERNS FOR
FARM LOANS

Washington, Dec. 3o-Joint stock az
riculturai banks for making loans on
staple agricultural products stored in
warehouses. would be authorized. on
amendment TO the federal farm loan
net introduced today by Senator Har-
rison. Democrat, Mississippi.
The banks would be authorized 10
issue bonds. certificate, or debentures
based on such warehouse receipts
which the treasury would be author
lied 10 purchase in an amount not
exceeding $3.50, 100000 and for the next
fiscal year. s5Oo,OOo.OOO for each of
the two fiscal years thereafter.
Loans on agricultural products
would be limited to is months and
not exceed 60 per cent OF value of the
staple products offered as security.
Each bank must have at least $780,
600 stock subscribed and 10 persons
arc the minimum required for organ.
lzation OF n bank.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-30
SOUTHERN CON GRESSMEH
AROUSED BY CHARGE Of
NEW YORK SECRETARY
WALTER WHITE OF NEGRO AD-
vANCEsIENT SOCIETY, MAKES
CHARGES ALLEGED MIS-
STATEMENTS TO SOUTH

Washington, Dec. 30.-Southern
members OF the house census
committee holding hearings on the
congressional apportionmcnt bill
were aroused today by tho charge
Of Walter f. White, of New York,
assistant secretary Of the national
association for the advancement
of colored people, that the ma
jority of the white people in many
southern communities were law
less.
Representative Larsen. Demo-
crat, Of Georgia, declared the
charge was untrue" and de-
mandcd that witnesses before the
committee be required to confine
themselves Ia facts OF their own
personal knowledge and De nor
permitted TO give "hoGvsay cyi.
dcnce.'
4 am wiling he said, TO let
witnesses come back here and
make wholesale charges slaudorlrg
n section of the United States"
Representative Bee, Democrat. II
Texas, also tool; exception 20
Whites charge.
Knowing what we have done
in building up the negro race,
I cannot sit silent under the
statement made by n witness from
New York" he Said.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-30
BREAK IN Gas MAINS.
CUTS OFF SUPPLY IN
AROMORE FOR MORE.
THAN SIX HOURS TODAY
TROUBLE LOCATED on COLINE
LEASE AT OIL CITY; CAUSED
BY OIL GETTING IN
THE MAINS

Shortly after G o'clock this morning
a break in the gas pipe line that
supplies the city with gas occurred.
and few moments afterwards the
city supply was entirely cut off.
Gas was turned into the mains Mt
1850 o'clock, quite u while before
report stated that il would be.
The trouble was located on the CO.
line lease ut Oil City and was said
to be caused by oil getting into the
gas main. Two lengths Of pipe had
to be removed and new lengths sub
stituted before the damage could De
repaired and gas permitted to flow
through.
on account Of prevailing conditions
very fcw meals were taken q, homes
today and the down town cafes did
rushing business.
While the lack Of gas worked quite
n hardship upon some, there was no
disposition upon the part of the pup-
lie to criticlsc the gas company TOT
an accident that they could in no
wise be held responsible for.
X. VI. saubcrt, general manager OF
the Consumers Light and Power COM
many, was notified at his home as
soon as the gas pressure went OH
but before he and his mon could ar
rive. the office was besieged with
anxious consumers who wanted 10
know how long II would be before
they could expect to be supplied with
fuel.
Tho question was hard TO answer
as the break had to first bc located
and no assured them all that II
would hc done ut the earliest possible
moment. one good thing about the
matter was tho fact that the weather
was warm this morning or much sur
fering might result" said Mr.. Sau-
bert as he and his men started to
trace down the source Of tho trouble
Tho biggest job that confronted them
nj that time was to locate the break
after Il was found the matter OF re-
pairing was small.
Tho gas pressure IN this city mas
been remarkably good all season. anu
the gas company is eNerting ever
effort to supply consumers all they
require. both FOR domestic nnd COM
mcrcial purposes and so far they have
been successful in doing 50.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-30
MUSICAL THIEVES
SWIPE PHONOGAAPH his

Davenport, Okla, Dec. 2s.--Four
pouches OF registered mail and three
pouches OF firstclass mail. left in the
Frisco station here Tuesday night by
railroad mail clerks, were taken and
the contents stolen, Il was stated
today by railroad employees who found
the empty sacks. No estimate has
bcon made Of the amount secured BY
thieves.
Two Photographs which wcrc in
the freight room at the station also
were hauled away. Tho Santa lc
freight depot was also broken into
and two Photographs taken from
there, IL was found.
II Is believed by citizens hero that
the thieves arc members Of gang
which broke into tho Davenport Safe
Bank Monday night, for the third
time IN three weeks.
Davenport has no city marshal or
other peace officer since the last
marshal is alleged 10 have collected
the dog taxes, and left town
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-30
MISSOURI JUD CT
GIVES LONG TERMS
IN EFFORT TO STOP
SWEEP|NG c CRIME WAVE

Kansas City. Dec. S0.--Long prison
sentences were imposed today on
four men who admitted in written
statements to the police rartlclpa-
ton in numerous robhorle5 and hold
urs here in the last two months. Tho
four pleaded guilty 70 charges OF
robbery hcforc Judge Ralph S Lat
shaw, IN criminal court
Charles Golden. % years did, he
llcvcd by the police 10 have been III.
rector or the band; William Thomp-
son, 1; years old. and Harry Board,
is years old. wcrc charged specifical-
" with tho robbery Of drug store
in which they obtained forty cents
Golden was sentenced to 20 years IN
tho peultentiary and two youths
wcrc given 20 years each. Horny
Cruyc. is years old, charged jointly
with Thompson In .hc robbery of an
other store was sentenced to 20
years.
Two women. alleged to he members
Of the robber band. are held at police
headquarters.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-30
War Department Is Turned
Down in Effort to Pro-
vide for Housing Reg
ular U. S. Army
SECRETARY SOUGHT
DIVISIONAL CENTERS
PRESENT REQUIREMENTS ONLY
CARES FOR $4,000 MEN OFT OF
TOTAL ARMY STRENGTH
OF 100000

Washington, Dec. 90.--A fifty mil
lion dollar item for army post con-
struction submitted by the war de-
partmont and refused by the house
appropriations committee in reporting
out the sundry civil supply bill was
the initial step in 4 new army hons
ing project contemplating estimated
expenditures Of more than s3OO,O0o-
600 ever period Of 10 or 12 years.
Details Of the scheme formulated
by the general staff are revealed in
testimony taken by the committee and
just made public
In urging congressional approval
Of tho plan, Secretary Baker recon-
mended that many existing army
posts, particularly those near large
cities. be abandoned and sold. the
funds TO be used in financing the
new project flc did not submit u
lis however Of posts which might
so be disposed of.
The new project, Mr.. Baker told
the committee, grew ont OF tho Sec
providing for the present corps. or
distribution Of the army on the basis
Of military population and under
which nine areas have been created.
supplan'ing the olj geogro phical de-
partment. are for administrative pur.
poses. All Of the work contemplated.
he said, was on permanent construc-
tion at the divisional posts in these
areas, whore training both Of the
regulars and national guard 'roops
would be conducted as directed by
congress.
"If the army is really TO have these
great divisional centers." Mr. Baker
said, "and If this future training is
not to be given up when it seems
now TO be an Indispensable plan, then
we must begin to build permanent
quarters for The troops. So that pro.
gram which is proposed here 1.-THE
S50O0O,060 appropriation asked) is
simply making start toward com
plete change in the whole theory Of
our army
In existing permanent posts ana
forts. Mr. Baker said thcfc were
quarters for so 600 men, as againsl
the army strength OF 2So.00O author
ICED. AZ present. he added. th'
troops are housed in 'per!shabie and
, perishing structures az the wai
time camps. which could not las,
moro than year or two longer
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-30
CRIMINAL A ACTIV|TY
GREATEST EVER KNOWN

Washington, Dec. s0.--Criminal nc.
tivity at this timc is the greatest
In tho history of the secret service.
according to testimony OF William
II. Moran. chief OF the bureau. before
the house appropriations committee.
There were more arrests last year
than in any single year since 1897.
he said.
AT tho rate We are going now.
this promises TO be n banner year in
this respect" Mr.. Moran declared
"The activity In all lines OF en-
deavor particularly as to bank rob-
bers is serious. Two hundred and
forty cases n month has been our
average In forged checks alone"
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-30
WALL STREET BOMB
HORROR MAY Be ON
VERGE OF SOLUTION
FROM PRISON PAL
Has This Convict the Key to
Monsters Identity or Is
He Inevitable Liar at
Psychological Moment

milwaukee,. WIS.,. Dec. 3o.--In tho
hope Of solving the mystery Of the
Wall Street bomb explosion which
killed 80 and manned hundreds. gov.
eminent secret service men and pri-
vate agency detectives are hurrying to
the Waupun pcnitentiary, in Wiscon-
Sin, according to the Milwaukee Jour.
nal. There they are to interview
prisoner who has already given to the
Journal informal information which
may lead to the arrest Of the perpe-
traitor OF the blast, the paper declares.
This prisoner, who is serving q long
sentence in Waupun, has told q long
story which tends to accuse n former
"prison pal" Of having caused the
explosion from a radical motive Of
revenge. He claims TO have infor.
nation which would positively identify
the suspect to the police of several
eastern cities.
II served two years with him in an
eastern prison." said the Waupun
prisoner, whose name is withheld.
This man, who is foreigner, con.
fided to me many crimes, which in.
cluded safe-blowing, burglaries, hold.
ups and murders. He was an expert
in explosives. He was always cursing
Wall Street and flnanciers, and was
an avowed anarchist.
MANY times he told me Of plans to
blow UP police stations when he got
out.
although cursing Wall Street and
flnanciers, continually, his first direct
threat came following his receipt of
money from his aged mother in Eu-
rope. 1t consisted of an amount which
fices to obtain FOR him. The exchange,
however. cut the amount down to nj.
most nothing.
MY friend declared to me that Wall
Street and its financiers were directly
responsible for his loss. He conflded
that he intended to get even when
he was released.
AT the time Of the Wall Street OK.
ploslon, I though Immediately my
friend had got his revenge.
II walked into a Burns detective
agency in Chicago, intending TO tell
Of what I knew. However, when l
reached the managr. changed my
mind. and instead. asked for q job as
a private detective.
II am willing TO give government
men or representatives of tho Burns
agency additional facts. ! believe |
know where this man can be found
now. At least have information
which would positively identify him to
the police of eastern cities.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-30
STALL OF FRIENDSHIP TO
CHEF FAILED To WORI.

Tulsa, Okla, ncr. se--virgil Dick
inson and Harry Ford. lately &c Fort
Smith, Arkansas. caught hero Wed.
nesday with 5000 worth of morphine
and cocaine. claimed to b. ehumuiy
with Police Chief John 4. Gus,afson.
I'VE wore OH; TO his house all Mon
day night" they told officers, but
Chief Gustafson said i've never seen
either" when taken into his pres.
cnce. They are bcing held for fed
cral authorities for violation OF tho
narcotic 4, Wa
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-30
Bic WIGS Of TIE
REPUBLICAN ARMY
PLAN SPECTACULAR
SP|K|AC OF GUNS
Making Preparations for
the Grand Doings at the
Inauguration of Harding
as G. o. p. Leader

Marion, Ohio, Dec S0.-Plans for
the Inauguration held riGht-of-way
today on President-elect Harding's
schedule Of conferences. f. i. Nc
Lean, the Washington publisher, who
is chairman Of the inaugural commit
tee: Senator Philander c. Knox, Ct
Pennsylvania, chairman Of the con-
gressional committee on Inauguration,
and vii, Hays, who as chairman of
the Republican national committee,
will nave an active part in inaugural
arrangements and We're among those
called into consultation here on details
Of the ceremony.
Both MIR, Hays anI Senator Knox
have been persistenty mentioned for
cabinet posts, and their visit here adj
ded to speculation about the selec-
tons soon to be made by Mr.. Harding
O hers on Mr.. Harding's appointment
| list during the day included COM
mlttee of the national grange, who
asked for the interview 70 present
their Vi.ws ~! the agricultural s.tu1'
! tion.
Following a conference win fres
iden'-'i1ct 10 ding Senate; Philande
c. Knox Of Pennsylvania toby OK
pressed assurance that the Versoi.les
league OF nations will not be used by
the president-elect as the basis for
! y r.g-,nfatfap NJ -
Il am assured he has no such idea
in mind" Senator Knox to'l news
paper correspondents.
Tile conference today with tic pres
ideni-clect are believed to have boil
stored indications that announcement
ne' selections, an associate. OF ma
tilns and other matters when have
taken place here during the las. few
weeks. The visitors also talked over
Inauguration plans.
After the conference Chairman Hays
said:
"Tris normal man is doing tn
norma thing. He is keeping mis- Drom.
ise, made repeatedly before tho cleo.
tior. that he would immedia ojJ ~.
proach and seek the solution of the
great democratic and foreign problems
with , discussion with rs man. adj
;istrr as possible.
From all sides corac' the wcr;
tnct this splcndi course is ruinr
forward, indeed, toward aiding tn,
situation which might have been very
different as we move into the new
year.
1T Is real satisfaction to mote
tEc lcrcr,d confidence wrirh is III,
actual rcy,i' Of tho recccr, ,l1n On tAt
par OF Tic public, that taerc Is I.
tho br,s doni-clcct roll cOns:rHc
tive leader hip with righ. IDEAS me?
ing 20 definite ends"