davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1920-02-10
Deer4es Large Tax.

Chairman Mapes said probably u
was a bad investment to which Mr..
Ham took issue, on the ground that
"by virtue OF circumstsncesT his
road 'is unable TO DO business at the
rate Of fare OF a few years ago. 'h
Some day" said Mr.. Ham. wash
ington will be proud OF the work OF
development we have done In the Dis
s trict" ..
! Any merger, he contended, should
include the Maryland lines, and they
should be specifically mentioned IN
,the bill that may be passed BY Con-
eress-
The Washington times., 1920-02-10

The fun text Of the new District Of Co
lumbia Rent Law, with expisnAtory
notes by the Real Estate Estate Editor Of inc
booklet form. A free copy is yours for
the asking at the counter Of The Wash
ington Times.
The Washington times., 1920-10-18
PETROLEUM..

Discussion OF the probable course OF
prices IL attracting much attention
In the oil trade. Most of the opinion
expressed is that pil will not follow
other commodities downward. 1t is
pointed out that reserve stocks are
far below normal and that even IL
production does catch up to con-
sumption tho surplus would go into
storage. There are no indications of
weakening prices in any OF the fields.
Seasonal demand for gasoline in
nearly every part of the country has
reached its peak and from now on
stocks should be replenishod to pre-
vent a shortage next year. At the
end Of July total refinery reserves
Of gasoline were 4i3,279,3l9 gallons
against b1t.sie,35s In 1919. Exports
OF mineral oil during August totaled
2ts.sasooo gallons, valued at stS,-
$4,000 against ,Sl, $4,000 in July and
s2s,bet, 900 year ago.
The Washington times., 1920-10-18
THE RAILROADS.

Rumors of the railroad consolids-
tions have received a considerable
setback through the knowledge that
the Interstate Commerce Commission, n,
as directed in Section 4o7 OF the
transportation act. Is preparing a
plan for the merging OF the railroads
OF the country into number of
groups. The initiative, however. does
not necessarily proceed from the I. G.
c., for the law makes II plain that
two or more railroad companies may
consolidate their properties, provided
such mergers conform with the plan
OF the !. G. c. and the latter approves
OF the consolidation,
The Association Of Railroad Execu-
tives has Issued a statement which
says:
Tirst-phe roads arc moving more
The Washington times., 1920-10-18

and importing cotton and other proc
ucts and to conduct general TRACE
In these lines, 1t is planned 10 ue-
vote special attention at tho outset
to the expectation OF cotton to hu-
rope, especially Central Europe. j.
8. Wannamaker, president OF tho
American Cotton Association, " enc
OF the organizers.
The committee having charge OF
the organization and promotion OF
the corporation rs constituted ms fol
lows:
Richard E. Manning, chairman; j.
s. Wnnnalnaker, r. 9. liamer, J. r..
Hanahan, Alan Johnstone, n. +. Nc
Lepd, ]. r. Fairey, J.. !. Guion, J. w.
CASTOR, II. NJ. Cooper, jr., A. NJ.
Gibbes, #. l.. Wilcox. u. II. Moss, ].
A. Law, f. w. Duvall. Paul Sanders,
william Coleman, r. @. Rhett. u. r.
Coker Bright Williamson, Victor
Montgomery and q, v. eromer.
The Washington times., 1920-10-18

freight more miles per day than ever
before. y
second-They are reducing the mum
Der OF cars In bad order.
Third--They are not only getting
heavier loading per car. but are so
curing, through the cooperation of
the shippers, quicker loading and un-
loading.
These results mean that cars can
perform in larger measure their le-
gitimate purpose to move freight or.
stated In another way, the same care
are doing more work.
The amount OF freight handled by
the railroads OF the United states In
August, 1918, was Z per. cent Grea 'r
than had ever been handled In that
month. But in August, 1920. the rail-
roads moved more than 1000 carloads
in exec of tho 1918 record.
The Washington times., 1920-10-18

whole country. With large, crops
and An abundance of natural re-
sources which are needed by the
whole world, all we need is good
sane business management in de-
veloping our export facilities and
cool heads on the part of both labor
and capital.
We must all work to bring about
reasonable dehstion that living
costs may be brought down to the
means of the average citizen.
II we do not enjoy great pros
perity during the coming year, we
certainly cannot lay the blame up
on the Almighty.
From Lynn II. Dinkins, president.
Interstate Trust md Banking Com
pany, New Orleans.
The trust company men cordially
appreciate the generous welcome
extended them by the Capital City
and look forward with pleasure to
the many and varied forms of in
struction and amusement men
toned in the official program for
the forty-sixth annual convention.
The immediate future. from the
standpoint of credit merchant. is
not particularly enchanting; the
country Is evidently face to face
with a liquidation which will cause
continued anxiety and some loss,
but we have more than one hundred
million Industrious, intelligent peo-
pie, most OF whom are receiving
exceptionally high wages. and
eventually they will consume all the
present surplus Of goods and foods,
from salmon to sandals.
AH NJ
Atlanta National Bank. and former
presideRt A. II. A.
The forty-sixth annual convention
of the American Bankers Associa-
ton meets in our Capital City
which Is hallowed with inspiring
memories of our nations glorious
past, based upon which we can meet
the problem of the present with
courage and face the future with
confidence.
We meet at time when the
beacon light of our democracy
never shone with more brilliance
and the world never looked more
eagerly toward it for leadership
and comradeship.
The bankers Of the United States
have ever been loyal to the nation.
They have done well their part in
promoting the development of our
great resources, broadening the in
dustrial, commercial and agricul-
tural activities of our people, and
now stand ready to cooperate in
every worthy enterprise.
We Weet in Washington with
program flied with interesting sub
jects of national Importance to be
discussed and entertainments to en-
JOY.
hope that our deliberations may
be as profitable to the country as
am sure your entertainments will
be pleasant to the bankers.
The Washington times., 1920-10-18
COTTON EXPORT CORP.

Announcement is made from CO.
lumbia, 8. C., OF n proposal TO or
ganiye a corporation under the laws
OF that state to be known as the
American Products Export and I'm
port Corporation, with capital
stock OF SIC. 900, 900, divided into L..
600 900 shares at $40 share. The
aim Of the corporation will be to rn-
gage In tho business ~ exporting
The Washington times., 1920-10-18
Leading Bankers of the Nation Send
Greetings by Wire to the A. B. A.
Through The Times and Proph-
esy ON Americas Financial
Future.

. rr~~ Charles A. ffa.ek. Preside nat
Ftftk-Tkirs NatieasI Baak. Ciasisa~t'
csio.
Answering your wire feel con-
seryatively optimistic in regard 10
the business and financial situation
We are witnessing an orderly de-
hation In credits and In commodity
prices which will without doubt
place the high cost OF living on a
more normal plane. Labor under
new conditions IL becoming In
creasingly efficient. which means
lower costs which will go a long
way towards reconciling the mer-
chants and manufacturers\ In the
losses they must sustain In the new
order OF things.
The facilities Of the Federal Re
serve Banks stand as a bulwark
against financial disaster and the
bankers OF the ntion stand ready
and willing TO help their patrons
along conservative lines. The pas
sage of the Esch- -Cummins' bill has
stabilized the credit OF the rail-
roads and the confidence OF the pub
lie in their future Is evidenced by
the advance in the market value OF
their securities,
The American Bankers Assoclntlon
Is interested through it's commerce.
and marine committee in attempt
Ing TO organize "A corporation under
the Edge act which will greatly
facilitate business with foreign
countries and at the same time
prove q safe investment for banks
throughout the nation.
Mr.. Morgan Is quoted as having
stated that ony one who attempts
to discount the prosperity OF Ameri-
ca would go broke. That statement
Is as true today as II was when IL
was made.
Congress should pass a peace
treaty without further. delay and
should abolish the excess profit tax
and enact a sales tax, thus provid-
Ing for an equitable distribution OF
the tax burden. The present meas
ure destroys incentive and discour-
ages initiative, Government bonds
should be retired at par and by lot
instead OF at the market when funds
are available for the purpose.
From James n. FsrRan, presi&en'
First National Bank, Chicago, Ill.
. Regretting my inability to at
tend the A. b. A. convention, take
the opportunity offered through
your special edition of sending the
members my cordial greeting and OF
expressing the hope that their de-
The Washington times., 1920-10-18

rros A. Barton Hepburn es~ir~.~
OF the board. Chase Nstisasi nsss
New York.
is.~e reached peak OF imitation
and are confronted with recession In
prices and modification OF volume OF
business. This was Inevitable, perfect
ly logical and desirable. Is something
10 be regarded with favor rather
than fear. Latent resources OF
country wonderful. ReadJustment
from our war conditions coming
about gradually and no occasion for
apprehension concerning future, but
The Washington times., 1920-10-18
ABA. Programme tomorrow

The American Bankers Associations first general session
called 70
iheater by President Richard S. Hawes Of ST. Louis.
The program follows;
Invocation the Rt Rev. Thomas Shahan D. rector Tn.
Catholic University of America.
Address Of welcome, Robert N. Of
trict OF Columbia Bankers
Address Of welcome Thomas Marshall President of
the United States. "
kespsnse To address Of welcome, Thoma
ond president American Bankers
Annual address Richard s. Hawes president the
Including Of the administrative
council).
Report Of constitutional committee M A. Trayor
Address T. Meredith Secretary of Agriculture and
Agriculture" ~
Report ofcurrency commission, Hepburn chairman
Address John j. Puleyn president Emgrant Industrial
ings Bank New York city Transportation Its
Report Of public relations committee, William p
Communications
Announcements.
Adjournment
The Washington times., 1920-10-18
From John g. LopsdnIe. president
National Hank Of Commerce,
ST. IouIs


This convention comes at n mo-
mentous stage in the nations eco
nomic life. The postwar period
OF readjustment, long heraIded. 1.
at length under way. Conservative
optimism should be the reigning
note OF business in any kind Of
market. The worst bear Ia a scared
bull. There are many scared bulls
today and the banker should exer-
else a moderating Influence Just as
he endesvored to do when-the tide
OF reckless optimism was running
high. Price deflation Is ever A
rapid process and In the present
case has probably run a great part
OF Its course already because FUN
damental conditions prohibit an
early return to prewar levels. 1
anticipate somewhat easier money
conditions and a sounder business
tone following the turn OF the year.
From, oliver ,. Sands, pr~.Is.rt
American NsticnnI Bank. Ric.mc.a
Va
Answering yours this date. the
bankers OF America will ind the
most cordial reception awaiting
them not only In Washington hut
in the neighboring Statea
And they will find no more de-
lightful section at this season than
the country of Maryland and vir-
ginla adjacent to Washington,
section full OF the history and ro-
nance Of our country.
We feel that the coming year win
prove prosperous one for the
The Washington times., 1920-10-18
From John X. Ottley, president,
Fourth National bank. Atlanta. On.

Success to the convention with it's
program built for results, and with
the men and machinery to put IL
over this should be a meeting of
nationwide value.
The country is listening to hear
what It's bankers will say. IL every
body will sit steady in the boat be-
lieve the results will fully Justly
this policy.
The Washington times., 1920-10-18
From Breckinridge Jones, president
Mississippi Valley Trust Company, st.


Notwith standing reduction OF
loans on Government securities and
stock market securities by Ameri-
can banks since January last,
loans and discounts and Federal re-
serve notes have largely EXPANDED
outside ofsdebts due TO our Govern
ment. Europe has unsettled trade
balance of t3,5OO.0 .000, 900 due us,
largely accumulated within last
year. Until Europe can make pay
ment of this balance, Il must be
carried by American banks.
This present inability OF Europe
20 make this payment, think, is
largely due TO the failure OF the
United States to enter the League
OF Nations.
II Europe cannot pay for exports
60 her. the exports must enormously
decrease and the surplus products
that are made for export must back
un on this country.
We must encourage imports from
Europe and enter the League, so as
help to get Europe in such position
that America will be Justified in
buying her longtime securities and
thereby help her TO pay for our ex-
ports To her,
. During this delay and readjust-
mcnt, denatlon there and here, must
take place and this win necessarily
b. accompanied by much distress
The Washington times., 1920-10-18
From Charles ii. Sabin, president
Guaranty Trust Company, New York.

l regret exceedingly that l shall
not be able to attend the forty-sixth
convention of the American. Bank
ers' Association, but gladly avail
myself of this opportunity to ex-
tend my heartiest greetings to all
the members of the association, and
feel confident that their collective
consideration of the momentous
financial problems confronting the
country will materially help to inn
prove general economic conditions
and to insure the continuance of
our national prosperity.
The credit situation. of course,
Is the most important financial prob
lem of the day, but l believe that II
IS being solved as the transporta-
tion facilities of the country are
improved, and the existing facili-
ties used to the utmost advantage.
As we produce more and save
more, as we increasingly employ
our resources of capital and credit
for constructing essential industry
and business and less and less for
non-essential speculative purposes,
the financial situation will steadily
improve.
The Washington times., 1920-10-18
From w. y. Irby, President, Canal
CONNIE ercia1 Trust and Savings Bank
New Orleans.

Greeting to American Bankers
Association and may much good re-
n suit from the business convention
. about to assemble in the nations
capital city.
We are optimistic for the fu-
ture financial condition of the
country as whole and with special
reference to this great section, and
feel that immediate improvement
will result from your deliberations
to be followed by rapid adjustment
for the better after November 2,
The Washington times., 1920-10-18

ditions which can be accomplished
IL We all work together with in
telligence and determination to-
ward that end.
The tide is turning.
From the National Bank Of Com
Eaercc, Knnsas City, Mo.
Greetings and best wishes to the
men of the American Bankers AS
sociation who arc now filing the
front line trenches in defense of the
general welfare and business in
terests of our country.
You were equal to our expanding
necessities and will now guide our
business interests hack to normal
conditions.
Our abundance of every vital
necessity when sold at the lower
prices now prevailing will supply
all your material needs and meet
all our credit requirements.
We are conserving our present
resources, but hopefully e1trava-
giant with promises for the future.
The Washington times., 1920-10-18
From Waldo Newcomer, PresIdent
National Exchange Bnnk, Baltimore.


3 With pleasure ! accept your in
vitation to extend through your
columns a hearty greeting to the
American Bankers Association. Not
' only will they fill the city OF Wash
iugton, but their proceedings are
eagerly watched by the whole
e country. No convention has ever
been held in more momentous times.
not excepting those in the time of
war. ..,
The problems of peace demand
attention, ideas OF solution of these
problems are numerous and varied.
1T will require wise deliberation
and calm Judgment to separate the
wheat from the chaff. This body
will exercise these qualities, and
concerning the final result no one
need worry.
" With hearty good wishees for sue
I cessful and enjoyable convention.
The Washington times., 1920-10-18

business concerns must exercise
conservation and economy.
z Business made very large prohts
during period of imitation and now
must accept losses as reverse
process ensues. Should bear losses
cheerfully and can afford to lose
out of earlier profits.
Bankers convention most impof-
tant instrument in conserving bust
ness in past and will continue so
In future. No greater or more desirable
influence FOR good in country than
American Bankers Association. II
is inspiration and balance wheel of
business.
Congratulations and greetings to
convention.
The Washington times., 1920-10-18

than the prices now offered for them
What the Government officials are
saying In reply is that, however dis
appointing and unfortunate this may
be, the fact remains that II is out of
the question TO take money from the
pockets of the average American con
sumer In order TO stave off effects Of
the law of supply and demand. now
ruthlessly operating. and help the
farmers hold their goods for higher
prices. Both board and Treasury have
declared themselves against such q
policy.
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1920-02-12
INSURANCE MAN HIT
BY DOCTORS AUTO

Shortly after noon to1ay Harry Ii.
Nit'e, well known local insurance
agent, narrowly escaped serious in
jury when he was struck by a Ford
touring ear owned and driven by ID.
I. ". Burrows. The accident oc-
Cured at the intersection of Courr-
bus and Madison streets.
Or Burrows was going south on
Columbus street and Mr.. Witte WAS
cutting across from the north side OI
Madison street to the Central Life
Building on his way To his office. DE-
Burrows was driving slowly ANA did
net notice Mr.. Wilte until almost ou
top Of him. He at once turned his
wheel and ran into the safety isle or
the corner. In some manner he loOS-
encd from it ana dumped into MIR
Witte. Luckily Mr. Witte grabbed
onto the radiator Of the car and was
dragged for several feet Mr. Wittn
was not injured in any way. No dana,
age was done to the ford
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1920-02-12
HEIR LONG MISSING
CUT OFF IN WILL.
DRAWN BY MOTHER
MRS DANA, WALTHAM RESIDENT,
SPECIFIES THAT SONS DISAP.
PEARANCE CAUSED HER TO
CUT FIN OFF IN LAST TESLA.
MENT.

a mothers will cutting off one
son, as she never heard of him after
his disappearance several years ago
because she did not know whether he
was living or dead, was filed yestel-
day in the Probate Court. The mother.
Mrs. Frances Dana, former Wal
tham township resident. died in Chi
cage two weeks ago. and the son
Joseph W Dana. will be remembered
by mos Of the old residents OF Wal
than.
Friends Of the family had almost
tOrsOtten the existence of Joseph W.
Dana. while those who did remember
nm were beginning to think OF him
as one who was dead, when the
mothers last Will, reyiving the mYs-
FERROUS disapl earance, came to light.
For years nothing . indicate his pres.
cncc any place on earth was sent TO
the family, and all traces of the for
mer well known man were covered up
as completely as though he were
swallowed up by the earth.
The estate consists largely OF farm
lands and personal property but no
petition showing the eXact value was
filed. The household goods and si'-
verWare were left to a daughter Miss
Martha W. Dana.
Two other daughters. Dr.. Frances
Dana OF Chicago and Miss Ida Dana
We're each left ST 000 to be laid them
one year after the death OF their
mother
The remainder of the estate is TO
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1920-02-12

at Culver. YOU should give us a tight
race.
Nov in regard to the companies
and their drill, aGd the winner
want to say that the corporals, num-
Der four. in the front rank of the see
ond company are very good and hard
TO beat. Keep the good WORK up ard
hope | will see YOU boys i'm another
great competition some day. As the
winner | name the second company
and it's captain, Frieden Anda. Son, ihn
victor OF the evening"
While scaling squads then gave IA
h'l OF amusement The first contest
was between the first company and
the second. Eight mer formed the
squad. each man having gun. The
second company won. having all eight
men and eight guns over the wall il
eleven seconds
In the second, contest, with four
men, the second company again won,
going over with their guns in eleven
seconds.
In the one man contest, Sergeant
Lansing Of the first company cleared
the wall without the aid of anJone in
three seconds, thus winning one PORT
| for his company. This ended the drill
for the evening.
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1920-02-12
BURY MRS. BACH FROM
A. J. ROBERTS HOME

The funeral of the la'e Mrs. Fred
A. Bach, rrominen' resident Of lee,
H.. formerly of Ottawa. who died yes
terday morning at her home in that
village. will be held from the home OF
Dr. 4. j. Roberts, Ala Christie street.
this city, at ? O'Clock Friday after
neon. Intormnui will be At the OF
ava Avenue Cemetery.
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1920-02-12
Hints Electricians War.
CHlCAGOAN GIVEN F.
K. LANES PLACE IN
PRESIDENTS CABINET
Hy the Associated Press. }

Washington. Feb, John Barton
Payne of Chicago has been selected
by President Wilson to be secretary
of the interior to succeed Franklin *.
Lane. MIR. Payne is Il native Of Nir-
ginia ANA is So years old.
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1920-02-12
COMPLAINT IS MADE:
AGAINST ASH PILES
IN ALLEYS Of CITY
JOHN M. O'KANE PAID FOR SERV.
ICES RENDERED CITY DURING
COAL RiSIS-DANGER OF THE
ROCK ISLAND CROSSING CON-
PLANNED OF.

me pubic practice oil dumping
ashes into large piles which block al
levs in residential ana business sec.
,ions of tho oi,, ,,a, a+taoboa las,
wy "'9 nv"
hI5hI a' lhe meeting OF tae Guy cooh'
ell by Commissioner Edward Dough
erty, who asked what steps could b.
r,i,or ~ h,;,a 49,, ,r, tho ,,io.roo
~,
ne '""'"ll9S'ohei ANNOUNCED 1t ii'1
p'o" "i"us"' ~ MS personal a'lei'
''o'' ''"' l." 'c'''"' ii''5H'o'Iioou
l'ope''9 CIV ne'S anu 'eil"n'9 Wei
using 'ie "ileE9 iof dIS POSING Oh 'Hei'
"9"eA' uH'H me PIdSiI't mas " '"''it
"a S'''' Pi eeuiilsS 10 o''ls inc Oh
III Gi,r it t v,oos. ronaorod a.,
opinion that the laws Of he city pro.
hibit dumping of ashes in the alleys,
and he suggested thai the commissions
er start proceedings to bring tn Of
tenders before a court on warrants
issued by the CITY
Rewarded FOR Services.
John NJ. Okane. who handled the
coal crisis so efficiently. was reward
ed with 4 $50 elf. from tb4 city lost
niehr at the suggestion Of AL f..
school Mr.. Schoch anneared before
che council uuauununcrl and said he
thought il was no more than right
that Mr. 0'kann he maid for the aN.
.rpllcnt service rendered the CITY dur
ing the famine in coal Mr. OKnne.
me- said Ennw NOTHING ar mis- intpres,
in him and was moi arprjseu of his
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1920-02-12
CALLS CONFERENCE
OF UNION CHIEFS AT
white HOUSE FRIDAY
fBy the Associated Press.)

Washington, Feb. l2.-President Wilson will
have personal confere nee tomorrow with three
representatives of the ra road brotherhoods to
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1920-02-12
WEATttE r.

Cloudy tonight and Fri
day; probably light snow
or rain; warmer Friday.
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1920-02-12

OTTAWA JOURNAL
Established 1880