davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-12-12
XMAS SHOPPING
BELOWLEVEL OF
OTHER YEARS
Blame Attributed to Fed
eral Reserve Boards
Policy.
LUXURY TAX LESSEN
Receipts From Automobile
Sales Show Enormous Decline
Over Last Year.
LUXURY TAX LESSEN

Christmas buying this year is
proceeding with moderation, ac-
cording TO government reports, un-
rivaling last years frenxied rush for
luxuries, which during December
totaled billions daily.
Luxury tax receipts now are faff-
ing of. Usually they increase dur
ing November and December.
Retail dealers are complaining In
letters to government officials. They
blame the defiation policy of the
Federal Reserve Board. Onicials
say the lack of Christmas buying is
due to the consumers strike against
high priced articles which developed
early last spring.
Diamond importations now are
running approximately $4,000, 900 a
month less than during the last
holiday season.
Tax receipts from automobile e
sales are about $500. 100000 less
than year ago. Receipts from one
group Of minor luxuries alone
dropped more than 100000 in a
single month:
Some articles on which tax re-
ceipts now are lower than q year
ago are: Candy, $500, 900; fur coats
and other articles made from fur.
nearly I,oo0.oo0. and pianos ana
other musical instruments, Sl00. 900.
The Washington herald., 1920-12-12
MARKET EASES0FF
AT CLOSE OF DAY
Buying Rush. Features Early
Trading-Advances Lost as
Enthusiasm Slumps.

CHICAGO Dec. 1.-THE wheat
market was in an overbold con-
dition at the opening today. A
rush of buying featured early trad
ing and prices responded to the de-
mand. Before the close. however,
demand was satisfied and the mar
ket eased off; much of the early ad-
vance being lost. The bank state-
ment was regarded by traders as un-
favorable and this was responsible
for much selling. The market closed
with wheat IL to 41ac higher. De-
cember was the strongest month.
Corn opened at an advance but the
market eased off and at the close
showed up poorly compared with
other grairfs Offerings were light
at the opening and there was good
commission house buying. Domestic
shipping demand was very slow.
Seaboard advices said 100000 bushels
OF corn had been shipped to Ger
many yesterday. At the close corn
was u to sc lower.
Oats were bid up sharply during
the day and closed at an advance OF
4 to &c Commission houses were
good buyers early and later houses
affiliated with Northwestern Interests
sold to a fair extent. Il
Provisions were irregular at the
finish. January lard and ribs were
offered freely by packers early In the
session. This tended to check ad-
Vances. After this selling ceased the
market worked upward, stimulated
by advances in corn and live hog.
The Washington herald., 1920-12-12
MEN AND BUSINESS
By RICHARD SPILLANE.

As the twenty-ffth anniversary of
the founding of the corporation was
approaching, the president began to
think OF a fitting way in which TO
celebrate it. He still was unde-
cided when the matter was taken out
of his hands entirely.
This is how it happened:
The boss and all the officers and
directors of the corporation got in
vitations from the men and women
employees to be their guests at din
ner on the night of the anniversary
day.
What does this mean" asked the
boss.
Search me-" replied one of his as
sistants. 81 got an invitation, too,
and when / asked what was doing
the answer was come and see.'"
The officers and directors went to
the dinner. 1t was a mighty good
one SO far as foodstuffs were con-
cerned. 1t was better with what
accompanied It, The chairman of
the workmen's committee presided.
One of the first things he did when
the dishes were cleared away was
to call three of the employees to him.
To them he handed a beautiful tes-
timonial book that had been entirely
hand made, they to present II to
the president. On the box contain
ing the book was a raised seal in the
center of which was the symbol of
the company, "A p" On the cover
of the book itself was an illuminated
legend, Presented by the Employees
OF the American Pulley Company In
Commemoration of the Twenty NTH
Anniversary" Facing the hyleaf
was again the symbol "A p" in va
rfous colors. On another page were
the pictures of the three men who
had been president of the company.
Then came the names of the officers
and directors and a greeting in part
as follows:
I'VE, your employees. whose names
appear on these pages, have thought
this twenty-fifth anniversary date a
fitting occasion to express to you
our appreciation of the manner in
which the administration end Of the
business is being conducted.
1T Is a great satisfaction to us to
be associated with men in whose
business judgment and friendship
we have the fullest confidence.
TT is pleasure to pledge to you
our continued cooperation, support
and loyalty in assisting you in the
| further upbuilding Of this institu-
tion, which was created SO many
years ago"
Then came the signatures Of ev-
cry man and woman employe-52e
all told.
You probably do not know the
American Pulley Company. even
though II is a Philadelphia institu-
tion of a quarter of a century of
activity. But you should know It.
for corporations like Il are great
assets to the city. And this is why:
In all the twenty-five years of its
existence 1t never has had a strike.
The nearest approach to anything of
that character was when seven or
eight men quit work on account of
some disagreement.
There probably never will be a
strike so long as the common sense
methods Of the management and the
men endure. There is no basis for
trouble when men and management
know each other and respect each
other. A sample illustration will
show how this respect Is maintained; /;
Some time ago slump In busi-
ness made IL necessary to retrench.
Ordinarily in such a case a corpora
tion lays off men and makes no ex-
PLANTATION except that business Is
Pulley Company. Its president,
The Washington herald., 1920-12-12
VEHICLE BUILDERS
BUY MORE LUMBER
Softwood Market Steadier,
With Prices Firmer and
Production Curtailed.
Special to Business Section Of Ths wash
ingtsn Hsrald.)

Special to Business ssetisa Of Ths wash
ingtsn HsraA.)
CHICAGO, Dec. 1.-THE American
Lumberman says: Farm implement
and vehicle builders are purchasing
more material than for some time,
largely because they dictate the
prices. Such consumers of hard
wood pile 1t up to season for years
On the whole, the softwood market
Is tribe steadier and prices do not
vary SO much. Production Is cur
tailed further. despite less than nor
NAL stocks at many mills.
One good-siEed Southern concern.
cutting both Southern pine and
hardwood. discontinued operations
December 2, indefinitely. Its stock
on hand is rs per cent under nor
NAL. but well assorted Several
large Southern producers operqt.
one-half to two-thirds time. or JUST
enough each week to produce the
amount sold the previous week,
while others have laid of night runs
entirely and more are shutting
down.
Wage reductions are commoner
in the Southeast, North and East,
with a few reductions along the Pa
cihc Coast. but there has been no
slash
Little Change In Harvester List
international Harvester's 1921
price list. showing no changes ex-
cept 80 advance in mowers and s per
cent higher range on binders, is sig
nif1cant. as the company's relations
with Wall Street are close and no
other large corporation better un-
derstands rural conditions. 1t ex-
poets better general conditions by
spring when farmers will appraise
their new crop needs in the light of
sober judgment. Their cost OF Iiy-
ing and of faSming will lower.
Farm machinery and implements
advanced comparatively little in the
last two years, whereas the cost of
raw materials and labor remains
around the war peak. Labor is rs
per cent of the cost.
Most harvester concerns have
large inventories, particularly in
the form of finished products. Ad-
scored a. per cent
increase in sales in the last two
months by special drive. 1t holds
100000 farmers notes past due.
The company looks for less buy
Ing next year and has reduced work
ing forces and wages. Costs are IL
to % per cent higher than for 1920
production, and purchases of ma
terials must be made months ahead.
This years sales increased 81. 2oO,-
600 and, 1t is said. would have been
$2,boo.oo more with prompt deliv-
cry OF materials. Reduction in lum-
Der prices has been charged OF and
premiums for quick delivery were
not included in costs. Additional
bank borrowings will be necessary,
but the company's financial condi-
tion is reported strong.
Much h, r. FfaaacInE Predicted.
Eugene NJ. Steven, the president
OF the Illinois Trust, back from the
East. predicts much large financ-
ing by railroads. local public utili-
ties and municipalities next spring.
with easier money. He expects old
line investors to re-enter the mar
ket, partly relieved of large in
come taxes and not confronted with
severe competition by salaried in
vestors.
The Washington herald., 1920-12-12

Charles E. Brinley. put the facts
before his workers and left il to
them to decide whether men should
be laid off or hours reduced. They
discussed the matter and made their
recommendations to the boss. He
followed their suggestions. And
what do you suppose resulted?
The men pitched in and, with
somewhat reduced hours, Increased
production.
A banker was among the few out
siders at that dinner. He must have
been profoundly impressed. for
some time later he Informed the
management IL it wanted its line
of credit extended it could hx its
own limit. so far as he was con-
cerned- That indicates the asset
value, from a banking viewpoint.
of good will between management
and men. But there is a far greater
asset value that is expressed in con-
tentment. better living. better citi-
zenship, better production and bet
ter times.
The Washington herald., 1920-12-12
ACTIVE SESSION 40
FAILS TO HALT
LOSING TREND
Oils Reverse Position and
Turn Downward
- =.
Charnly u.ss
-n
RAILS ARE PRESSED
Weakness Also Hits Standard
Dividend Payers-South- :
s-1s
ern Pacific Suffers. -

NEW YORK, Dec. ll.-In spite OF
the short session which usually
prompts some curtsilment Of ac-..
tivity and reduction OF commit
ments, the stock market today fur
nished a large volume Of trahsac-
tions with no appreciable interrup-
tion in the downward trend. In
fact. some stocks, such as the oiiss
which were strong yesterday. turn
ec sharply downward and closed
around the lowest levels Of the ses-
sion,, Mexican Petroleum. for in
stance, broke more than eight
points from the high level Of the
morning.
Rails Are Hard HIT.
Rails were under severe pressure.
Although the weakness was rela-
lively more apparent in the low
priced issues. the standard dividend
payers were by no means immune.
Southern Pacific was sold in con-
siderable volume. The friends OF
Southern Pacific argue that the
sellers are people who do not real
ize the great value OF the stock.
mia oil lands. One calculation by a
conservative house places the book
value OF the stock at $is1 per share
without taking into consideration
many valuable assets of the cor
poration. which il holding COM
pany.
Selling to establish losses un-
doubtedly is playing a large part sin
present offerings. Many operators
sold stocks higher up in order to
establish losses and then bought
them back. with new losses star
ing them in the face as the. decline
has proceeded. they have sold sgAIs.
There Is no doubt that prevailing
pessimism has exaggerated the
gloomy features in the situation. The
statement Of one OF the tire and
rubber companies makes a really en-
couraging showing in spite OF the
passing OF the quarterly dividend.
This company is representative OF
an industry now in the deepest
throes OF depression but it's presi-
dent declares the position OF the
concern is sound with quick assets
in the ratio of to i to liabilities.
Easier Money Due.
Easier money is expected by the
middle OF the week. as the Federal
Reserve Bank Of New York has an
ticipsted heavy transfers OF. funds
on December Is by the sale TO other
Federal Reserve banks OF $50. .O00-
600 OF certificates maturing on the
fifteenth instant. tn official sJate-
ment on this subject furnishes the
following explanation:
These sales follow the precedent
established last September. when as
now the volume Of certificates 20 be
redeemed in this district exceeds the
amount OF taxes which IL is esti-
mated from payments on previous
installment dates will be received
here"
The Washington herald., 1920-12-12
COTTON BUSINESS
DEALINGS SMALL
Market Opens Weak-Makes
Good Gain, Then Slips,
But Closes Strong.

NEW YORK, Dec. IL. General
business in cotton remained small
today and changes in prices were
irregular, the market finishing
lower. News influences were con-
fiicting. There was a little scattered
buying on reports that progress
was being made with various plans
for financing export business and
on advices from Washington indi-
eating favorable prospects for ac-
tion on the legislation to re-estab-
lish the War Finance Corporation.
spot concerns, while selling a lit
tie December early, were good buy
ers of January and March. The
South and Wall Street supplied the
contracts. Initial quotations were
l to rs points lower; the early SELL
ing was absorbed by covering and
buying by the trade, the latter pur-
chasing January and March chiefly.
This demand reduced the floating
supply and during the middle of
the morning all but a few points
of the early losses were recovered.
Under selling Influenced by weak
ness in securities and talk of an
easier basis in Texas. prices ran Off
sharply near the close, but in the
last few minutes had a sudden Good
upturn on buying by spot houses.
Final quotations were l to 80 points
net lower.
Spot here was quiet with mid
ding unchanged at 1925; there
were no sales.
Spot at New Orleans was quiet
with middling 25 points lower at
14.75; the sales were 1,105 bales.
Receipts of cotton in bales at i'm
portant points today were: Calves
ton, 1915; New Orleans, s.245; Mo-
bile. $50; Savannah, 1,40o; Norfolk,
1858; Augusta, 1887; st. Louis.
$50; Houston. 1885.
The Washington herald., 1920-12-12
Royal Dutch Co.

A report from well-informed
quarters is in circulation to the ef-
feet that the Royal Dutch Company
will increase its. capitalization. Civ
ing the right to subscribe to one
share of the new stock at par for
every four shares now held. The
par Is approximately s13.25 in
United States currency. Another
rumor- has II that the new issue
will be given as a bonus to common
stoekholders Neither report can BE-
confirmed officially.
The Washington herald., 1920-12-12
argentina May Retain
Large Area in OIL Fields

The Argentine government may
retain possession OF large area OF
land In the new South American oil
field and operate 1t for the benefit
Of the state. IL was said here yes
terday. Competition for concessions
and property in the new oil field in
Argentina Is increasing. according
to ofncial reports here. The Argen-
tine government expects to spend
67.eoo,eoo pesos for material. tank
steamers and oil development dur
ing the next few years. Argentina
hopes by 1922 to be producing 40 per
cent of its petroleum consumption,
Argentine representatives said.
The Washington herald., 1920-12-12
METAL MARKET.

NEW YORK, Dec. 11.-New York
bar silver was unchanged today at
s9Hc per fine ounce. Foreign bar
silver was quoted at 61%c per fine
ounce. an advance Of 2h cents
over yesterday.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-05-18

served a year in prison could step
into the shoes of his minister brother?
There is such situation as the CEN
trail theme of "Other Mems Shoes"
at the Murrette Theatre Tuesday and
Wednesday.
Stephen and Jim Browning were
twin brothers SO alike In face, form
and voice that their most intimate
friends could not tell them apart Both
were splendid men morally, but Ste
hen, the minister. was frail of body
and meek of spirit and unable to with
stand the buffets of greedy and
grasping world. Jim had needed the
call of Wanderlust for twelve years
and had gone to Jail for the crime of
another.
When the strong brother steps into
the shoes of the meek brother inter
esting complications arise, for no one
hut his sister and brother know of the
masquerade. Blackmailers threaten to
besmirch his name in the eyes OF the
townspeople whose attitude of tolerant
respect changed to whole-hearted adj
miration when their minister sudden
ly displayed a courageous, two-fisted
fighting spirit.
Clean, wholesome, vigorous, human
and dramatic, "Other Mems Shoes"
has been called one of the finest pro-
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-05-18
Vigorous Men
and Women are
in Demand

If your ambition has left you, your
happiness has gone forever unless you
take advantage of A. G. Luken's Clcm
Thistlethwaite's and d. & S. Drug
company's magnificent offer to refund
your money on the first box purchased
if WendelIs Pills, Ambition Brand, do
not put your system in fine condition
and give you the energy and vigor
you have lost.
Be ambitious, be strong, be vigorous.
Bring the rudy glow Of health to your
cheeks and the right sparkle to your
eyes.
Wendell's Pills, Ambition Brand, the
great nerve tonic, are splendid for
that tired feeling, nervous troubles,
headaches, restlessness, trembling,
mental depression. sleeplessness, ner-
vousness Indigestion, and loss of ap-
petite.
You take them with this under
standing that: In two days you will
feel better. In a week you will feel
fine, or after taking one box, if not
benefited, the druggist will refund the
price of the box.
Be sure and get 60 cent box today
and get out of the rut. Remember
A. G. Luken, Glenn Thistlethwaite and
D. & S. Drug Co. and dealers every
where are authorized to guarantee
them.-Advertisem
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-05-18
Rebekahs Hear Reports at
State Meet; Stratton Named

The Rebekah Assembly, I. o. o. r.
of Indiana, in session for it's thixty-
sixth annual meeting Tuesday and
Monday in Indianapolis, concluded it's
program for Monday with reception
at the Hotel English. A bazaar, to
which thousands of articles have been
donated by members throughout the
state, was held in connection with the
reception, for the purpose of raising
funds for the erection of a chapel at
the Odd Fellow home at Greensburg,
Ind. Nearly $500 has been raised so
far through the sales.
A feature of the reception was the
musical program, presented by the
ladies' quartet.
Reports of officers Of the assembly,
given at the Monday afternoon session
showed a very satisfactory increase in
membership and in general a very sue
cessful year
In the report Of the secretary. Emily
E. Wedgewood, 1t was shown that the
547 lodges now established in Indiana
there Is total of Al, Jas members, an
increase of 3,046 over last year. A
balance of S3,S33.17 in the treasury
was reported by Mrs. Kimmel, treas
urer.
Several Richmond and Wayne coun-
ty persons are delegates. Ora STRAIT
ton, of Richmond, is a member of the
committee on unfinished business.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-05-18
Catarrhal Deafness
and Head Noises
TELLS SAFE, SIMPLE WAY TO
TREAT AND RELIEVE AT


If you have catarrh, catarrhal deaf
ness or head noises caused by catarrh,
or if phlegm drops in your throat and
has caused catarrh of the stomach or
bowels you will be glad to know that
these distressing symptoms may be en-
tirely overcome in many instances by
the following treatment which you can
easily prepare in your own home at
little cost. Secure from your druggist
l ounce of Parmint Double Strength,
Take this home and add to it "a pint
o. hot water and a little graduated
sugar; stir until dissolved. Take one
tablespoonful four times a day An i'm
provement is sometimes noted after
the first days treatment. Breathing
should become easy, while the dis
tressing head noises, headaches, dull
ness, cloudy thinking, etc, should
gradually disappear under the tonic
action of the treatment. Loss of smell,
taste, defective hearing and mucus
dropping in the back of the throat are
other symptoms which suggest the
presence of cotarrh and which may
often be overcome by this efficacious
treatment. 1t is said that nearly nine
ty per cent. of all ear troubles are
caused by catarrh and there must,
therefore, be many people whose hear
ing may be restored by this simple,
harmless, home atment.-Advertise-
ment.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-05-18

auctions of the new year Craufurd
Kent heads splendid cast in which
are Irene Boyle, Harold Forshay, John
P. Wade, Jean Armour, Phil Sanford
and Bobby Connolly.
MURRAY VAUDEVILLE
The new bill which opened yester-
day at The Murray is replete with
good comedy and singing. Black and
Milford have a comedy singing and
talking act out of the ordinary; Lynn
and LaRaye do a black and tan act
which discloses some original comedy
and very good singing. The big punch
is put over by the Stratford Comedy
Four in their school room singing act.
These boys have excellent voices
which combined with their comedy
put them over for stupendous hit
Dorothy Gish is delightfully."- clever in
her latest picture, Mary Ellen Comes
to Town." and completes an excep-
tionally strong bill.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-05-18
The Theatres
WASHINGTON

WASHINGTON
Don't send out announcements of
your marriage unless you can produce
the bride on demand. If young Doc
Hampton had followed this advice he
wouldn't have been in the merry fix
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-05-18
CITY TO FIGHT GAS
C0MPANY'S PETITION
FOR RISE IN RATES

The city will fight to finish" the
petition presented by the gas company
calling for a revaluation of property
with a subsequent rise in rates.
BY a unanimous vote the council
Monday night authorized the city an
torney and the board Of public works
to prepare an ordinance calling for the
employment of an expert engineer to
appraise the gas plant, and ordered
them to prepare all possible data with
which the city may contest the pro-
posed increase.
The nation to fight the rise was
made by Councilman Waidele after the
petition had been read by City Attor-
ney Byram Robbins. Robbins said
that the gas company seemed to
have an Unsuitable appetite. They are
never satisfied, he said
The attorney declared that the gas
company had made a net earning of
II per cent the year that the present
administration came into office, nine
per cent and a fraction the next year,
and eight per cent and fraction the
next year.
Only Entitled to 7 Per Cent.
"They are entitled only to a seven
per cent return on their investment"
Sdlu hoDDlI1S. Hc city dlu IOt SoIl-
test the gas company's earnings be-
cause of the unusual conditions that
prevailed but the time has come to
call halt
Members Of the council passed
Councilman Waidel's motion without
protracted discussion. although the
sentiment of the city fathers as ex-
pressed in the meeting was whole
hearted opposition to any increase in
rates.
The city may abandon the proposed
improvements on FIT. Wayne Avenue,
South Fourth street, and on South E
street from Sixteenth street to TWEEN
ty-Third and may rescind the Ordin-
ance providing for the purchase of an
emergency fire truck in order to
provide funds for the installation of
the platoon system i'll the fire depart
ment.
The city adopted the proposed plan
after City Attorney Robbins reported
that the Public Service commission
had refused to allow the city to issue
bonds to cover current expenses.
Unless the platoon system is in
stalled, many of the firemen have
signif1ed their intention of resigning.
On Duty "a Hours.
At the present time all firemen are
on duty "a hours a day. The platoon
system calls for two II hour shifts and
would necessitate the employment of
10 more men.
The matter Of abandoning the i'm
provements and resembling the ordin-
ance for the purchase Of the truck was
referred to the city engineer, the
board Of public works, the ordinance
committee. and the city attorney.
Fire Chief Miller said that he was
heartily in favor Of the platoon system
and would favor salts flying the men be-
fore buying any new equipment.