davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1920-01-24
Chicago Meeting
of Bankers Urges
21-4 Per Cent Rate
Limit on Net and Available Daily
Balances Is Recon-
mended.

CHICAGO, H.. Friday.-Recommenda
tion to banks and trust companies in all
Federal Reserve districts that no rate In
excess of "a per cent be paid on net and
available daily balances were made in
resolutions adopted today at a meeting
here of bankers from the twelve Federal
Reserve districts.
The action was taken in order to con-
form to the approval expressed by the
Federal Reserve Board through Governor
Harding of the action Of the New York
Clearing House in adopting "a per cent
as it's maximum rate.
The conference, which was preceded over
by James b. Forgan, of the First Ma
tional Bank of Chicago. followed a meet
ing in Washington January OF bankers
representng Clearing House Association,
called by the Federal Reserve Board, at
which final action on the question OF in
terest rates on bank balances was post
poned until the Chicago meeting.
In making the recommendations today
the conference declared Tt is the opinion
~ this conference that the Federal Re-
serve Board should be free to establish its
rates of discounts without reference to any
Clearing House regulations as to the pay
ment of interest
This view was expressed at the WASH
inrton meeting by Governor Harding. who
annealed to the bankers not to make a
scramble for deposits" by advancing in
terest rates on balances and protested
against tendency to turn deposits into
investment funds.
The New York herald., 1920-01-24
TOCKS FIRM IN FACE OF DRASTIC ADVANCE IN DISCOUNTS
SALES OF STOCKS


summary of yesterdays
The New York herald., 1920-01-24
Shippers Warned
of Car Shortage
Mr.. Hines Asks Business Men to
Co-operate-Has Pooled Equip
ment for Roads.

WASHINGTON. ID. c., Friday-Warn-
ing of car shortage during the next two
months was issued TO shippers today by
Director General Hines, of the Railroad
Administration, with request for con-
tinued cooperation TO make the best OF
the situation.
The Director General pledges the Rail-
road Administration TO make every effort
TO meet tho condition and points out what
he characterizCs as the limitations with
which u may have to deal.
General industrial activity, the setback
which transportation suffered during the
coal strike and the fact that the Railroad
Administration, facing an early return of
the roads 90 private owners, may not buy
additional freight cars are the principal
elements in tho problem, tho Director
General says.
ITO make this inadequate amount OF
equipment 20 as far as possible" says the
Director General. "thc Railroad Admins
tration has pooled equipment in order 10
equalize tho supply as far as possible and
give all shippers as equal treatment as
possible under tho circumstances.
The New York herald., 1920-01-24
SHOWS GAIN IN NEW
STOCK PLAN OF MOTORS

General Motors Corporation has mailed
to stockholders letter showing how the
owner of six per cent debenture of pre-
ferred stock can invest additional cash in
the new seven per cent debenture stock in
such a way as to obtain eight per cent on
his money.
Under the plan authorized the owner of
each share of six per cent debenture or
preferred stock is permitted to subscribe
for two shares of the new seven per cent
stock, payable for these by turning in one
share of the six per cent debenture or pre-
ferred and 500 cash.
The corporation points out that the holder
of one share of six per cent stock now OBJ
tains Sc year dividends, but by advancing
500 moro in cash he can then hold two
shares of seven per cent stock, on which
the dividends would amount TO sli, and the
difference between s6 and sli is eight per
cent on 500 cash put up
The New York herald., 1920-01-24
DENVER & RIO GRANDE R. R.
MADE ST ,417,797 IN 1918

After allowing for charges the net in
come Of the Denver and Rio Grande Rail-
road Company for the year ended Decem-
bor 81. 1918, amounted to Si41777, accord
ing 20 tho annual report issued yesterday.
That compares with s2,099. .763 in 1917. The
charges deducted include debit balance
OF s7s. oss for revenue and expenses prior to
January /. 1918. which is really a profit
and loss charge.
Crediting the net income with that sum
the amount available for dividends would
be 81. .f9l, $50. which is equivalent TO $3.50 a
share. THAT compares with 1921 share
on tho preferred in 1911
The federal income account shows net
operating income Of s. .566, S6s compared
with q. guaranteed rental of ss.319 376. or a
loss TO the government OF s2.752.50s. With
out the benefit OF federal compensation
tho company would have had deficit
after charges OF S,SSi7l1.
The New York herald., 1920-01-24
MARKET RESISTS.
BEARISH ATTACK
Motors Prove Only Group in
Which Weakness Is Dis
played.
STEEL SHARES ARE BULWARK
Crucible the Feature in That Division
Railroads Dull and
Irregular.
STEEL SHARES ARE BULWARK

Much to the surprise and greatly TO the
lators who dominated the stock market
again yesterday, actual holders of shares
were undisturbed by the drastic advance
In the Federal Reserve discount rate. an
nounced after the close of trading on
thursday. In vain the bears resorted to
every means in their power to start a gem
eral decline. Stocks We're in strong hands
and could not be dislodged Weak inter-
ests had liquidated some time ago.
On the other hand, while prices as a
whole did not decline to any extent, no
Indication was displayed by whatever bull
pools remain intact in the market to re-
sumo operations. Nor did the public show
any disposition to depart from its posi-
ton as an onIooker.
In such circumstances the course of
prices was irregular. with the tone at the
close firm. Final figures in many issues
showed net gains as an outcome of the
daily contrt ct closing process by the light
wasted floor traders.
Virtually the only quarter in which the
bears met with any substantial success
was that of the motors The bright
spot on the bull side was Crucible Steel
United States Steel, equipment stocks, ma
rlnes, most of the oils and various special
ties held firmly all through the session.
Railroads were dull and irregular.
1t was apparent that the market had
been prepared so thoroughly for a gen.
eral marking up of discount rates that
When the news came it proved to have
peen discounted for the time being, at
least. 1t would be premature TO contend,
however, that the last has been seen,
Stoekmarketwice, of the advance in dis
counts Such radical move as the Fed
eral Reserve authorities have taken could
not possibly be gauged by stock market
interests IN one day. Some confusion of
thought is apparent regarding the ultimate
outcome On the whole, however, the ac-
tion of the board will be felt more directly
in the commodity markets than in the
market for stocks, whore liquidation, as
before said, has been 6<s site recently
The investment market felt the effects
of higher discounts in lower prices for
Liberty bonds. Some issues reached new
levels as outcome OF forced liquidation.
Call money was in fairly liberal supply
ut the beginning at per cent, but belated
borrowers were compelled to pay as high
as s per cent in the afternoon. The close,
however was z per cent
The Clearing House bank statement to-
day should show further increase in
surplus reserves, and the Federal Reserve
ratio of reserve to liabilities also ought
TO be higher on general reduction OF
hank loans
The New York herald., 1920-01-24
DIVIDENDS. MEETINGS. &C.

NOTICE Is hereby given that at Special Meeting
of the Stockholders Of sutton. Ford X Co., Inc,
held nj the office OF the Company, No. 10 Broad
ST. in the Borough OF Manhattan. City and state
~ New York, on January 20, 1920. at IL A. NJ.
the following resolution was duly adopted:--
"RESOLvED That the corporate name Of SUI.
TON. FORD * Co. INC, be changed from SUIT
INC.'
Dated January 81. 1920.
w. w. SUTTON JR.,
President OF Sutton. Ford a Co. Inc.
GORDON 4. FISH,
The New York herald., 1920-01-24
EXPORTS EXCEED IMPORTS
FOR 1919 BY S4,017, 100000

WASHINGTON. u. c.. Friday.-Decem-
ber exports decreased IN value S.V'Vvv'ovV
from the $7il 10000 recorded , LOT ~ NoNoin- W.,
hor yvbilo imports dropped to 1891 10000, a
decrease Of sii 900. 900, according to a state
mont today by the Commerce Department.
Tho excess OF exports over imports Tor
The entiro year 1919 reached si,OlLoW,oco. a
high record Exports totalled N,sSl ooooD'
with imports amounting TO Vv,o".
compared with 1918 exports OF ss'lio0"'"n
and imports SO9i.ooo.0o . 80,
Gold imports amounted TO N"pvn,
compared with S62.cOoWo IN l9is' Wnllo so'u
eynorts Jumped to sSGScco,coo from N1,-
600. coo in 1918.
The New York herald., 1920-01-24
Secretary Of sutton. Ford & Co. In
NOTICE OF ANNUAL MEETING
cuAruAM uorPTIE, coRpoRA11oN

VHAIHAM HUTEB NVHTVKATIVN.
The annual meeting OF the stockholders OF
thig. corpora ton will be held on the second day
of February, 1920. at twelve o'clock noon. at the
office Of the corporation. 80 East Forty.eghth
street in the Borough Of Manhattan, city and
state OF New York, for the purpose Of electing
Board Of Directors and receiving and acting
upon the reports OF the officers, and for tho
transaction OF such other business as may prop
.ely come before the meeting.
-. an,nrr 10 fnoo 80. : y. -
The New York herald., 1920-01-24
DETROIT.
STOCKS.
NEW YORK TRUST COMPANY
HAS WOMAN SECRETARY

At the meeting of the Board OF Trustces
Of the New York Trust Company held on
Wednesday tho present officers were re-
elected, and in addition Mrs. Key Cam
mack and Russell V. worstell were ap-
SaAsasd assistant secretaries.
The New York herald., 1920-01-24
CLOSING PRICES IN LONDON
FOR AMERICAN SHARES

LONDON. Fr.day.--Closing prices asked
In the stock Exchange here for American
The New York herald., 1920-01-24
Paris Rourse Steady.

PARIS, Friday.--Prices were steady on
the Bourse today. Three per cent rentes,
bsf. SIC. Exchange on London, i3f &c
Five per cent loan. ssf. 6oc The dollar
was quoted al III. ole.
The New York herald., 1920-01-24
INSPIRATION CONSOLIDATED COPPER co

The Directors have declared dividend Of 81. 80
per share. payable Monday. January 20. 1920. TO
stockholders OF record at 800 O'clock r. NJ,
J. W. ALLEN. Treasurer.
New York December 90 1919
TTTT annual meeting OF the stockhoiders Of
Christine, Incorporated. will be held at the
office Of tho corporation, I East 53d ST.. New
York city on the first Tuesday in February at
& r. NJ for the election OF directors and such other
business as may properly come before said meet.
ing.
The New York herald., 1920-01-24

u-uE Farmers and Merchants National Bank,
heated M Boswell. In the State OF Oklahoma, is
closing its affairs. All note holders and other
,rcditorx of the association are therefore hereby
notified 60 present the notes and other claims
iO' p"SHe"' Il. IRBY. Cashier.
nnfeh ,--Innunrr 0. 1920
Evening journal., 1920-05-10

The auditorium formerly known as
the old skanng rink, Eleventh street,
west OF Madison will open to the pub
lie with a large dance reception sat
urday.
Frank j. Kienzle's Danceland orches-
ira of the Victor Talking Machine
Company has been engaged TO furnish
the music and will play every Mon
day, Wednesday and Saturday there
after. Among the special features or
the opening night viii be the Harry
Won Tilzer trio, three song writers
from New York. who Will introduce
some Of their latest songs.
Miss Mary Shields, j. Pennell Stet-
ser, Linnaeus Hopes. Dudley Gray
and some other young people promi-
nent In Wilmington Dancing circles
viii assist in welcoming the guests
and supervision Of the floor
The enormous dance floor or the
main auditorium was finished by An
drew pinkerton, OF Philadelphia, and
Is almost three times as large as any
room In the city. The floor Will
easily accommodate 20O0 dancers.
Haywood Brothers and Wakefield
have furnished 20OO chairs for audi
t0rlum purposes which, with the per-
manont seats OF the dance hall VIII
Evening journal., 1920-05-10
j. S. Army ON
BORDER ALERT
CONTINUED from First Page }

Continued from First Page
menls OF United states regular army
forces are being made.
Il Is considered likely that presi-
dent Wilson may call a cabinet meet
Ing this week 10 consider what course
the United States shall take. This
government for the present VIII not
accord recognition 10 any MeXican
faction which may attempt 10 take
charge Of the Federal Government. 10
Is understood The United States. 10
Is expected. will wait a reasonable
time until the situation is stabilized.
The next development may be a clash
between ieh forces OF OhregOn and
Gonzales. both rebel leaders. and both
aspiranls for the Mexican Presidency
Their troops entered Mexico City
about the same time.
Adyices here stated Gonzales had
issued a manifesto at the city OF
Pubelo declaring that his revolt
against Carranza was not in support
OF ObregOn and that he would resist
the forces OF Obregon. While uneasi-
ness was evident at the 0hregOn reVo-
lutionary headquarters the idea wa.
secuted that there would be a clasf
7 between the forces Of Ohregon anl
Gonzales. Il was indicated that nego
| tiatiOns have been opened with Con
zales 10 win his support
While Official dispatches reporte,
I that the important Oh center OF Tam
/ picO had fallen 10 The rebels. represen
I tatiVes here OF the American oil Com
I pany In Mexico declared that the
/ had received no disturbing report
from Tampico but that their advice
had am been TO the contrary.
The state Department Today an
nounced that there are between 81
and seven thousand Americans :
Mexico.
Evening journal., 1920-05-10
DEATHS

BAKER-In this city. on May o, fap.
Clara, widow OF Charles Baker, aged
43 years.
tend the funeral services at her late mai
dence, No. ef3 Linden street, on ThurE-
day afternoon, May 13, at o'clock. In
terment at Sllverbrook cemetery.
kNOTTS-In this city, on May o. 1g2o.
Woodrow Wilson, ron Of Joseph n. and
Mary A Knots, aged = years
Funeral services will be held at mis-
parents residence, 403 Taylor Htreet, on
Tuesday, May II. at o'clock. Intcr1umt
at Riverview cemetery.
BELL,-In this city. on May 5, 192o.
Alice Bell, wife OF William Bell aged
80 years.
Relatives and friends are invited to nf-
tend the funeral at wilmington and
Brandywine Chapel on Tuesday after
noon, May II, 1920. at 2.30 o'clock (lOca1
timel. lnterment at Wilmington ana
Brandywine cemetery.
BOWERS-At Cranston Heights. on May
3; 1920, NJ. May, daughter Of John and
Margaret V. Bowers, In her 18th year.
Relatives and friends arc invited TO at
tend the funeral services at BrandyWiue
NJ e. Church, on Wednesday aftcEaaon.
May IL, at 3 o'clock. fnterment at River
view cemetery.
DoUGHERTY In this city. on May 7.
IVY. Isabella, widow Of the iate
Thomas Dougherty.
Relatives and friends are invited 70 at
tend the funeral from her late residence,
| NO. III breckG Lane, on Tuesday morn
Ing, at o'clock (standard time). Re
QUEEN mass at st. Joseph's Church.
Kindly omit flowers. Interment at st
/ J0seph's cemetery.
SENIMAN-At Hahnemann Hospital
philadelphia, Pa, on May Q, 1870. Nefl
b, husband Of Julia N. Sentman, in hil
49th year.
Funeral services will be held at his
residence, 529 Delaware street, New Cas-
| tie, Delaware. on Wednesday afternoon
/ May II, 1920 at 4 O'Clock (shfadard
| tme). Interment at Glebe cemetery
WOODSpOCk-ln this city, on May s
| 1920, Emma v. wife OF Warren u
Woodstock, aged 50 years.
| Relatives and friends are invited 60 at.
tend the funeral services at the Chris
tan Missionary Alliance Church. or
Tuesday afternoon, May IL, at 3 o'clock
/ Qocal time). Interment at Rfyerviev
cemetery.
OGDEN-In this city. on May Z, 1870
Nellie Ogden, daughter OF Harry A
and Lydia SpOerl, aged IS years.
Relatives, friends. Naomi Rebekai
Lodge, No. 3, 1. o. o. B.; 81 Johns
Chapter, No. 4, o. r. s., and employees o.
the John Hand 4 Son silk mill, are IN.
vited to attend the funeral scrvices, nj
the residence OF her parents, 1910 Brencl
street, on Monday afternoon, May 10, at
o'clock Oocal time) Internent Vrfyatl
at Rivervtew cemetery.
Evening journal., 1920-05-10
DEMOCRATS IN
committee ROW
CONTINUED from First Page.

Continued from First Page
propose some high grade and capable
Democrat for the ofnce OF National
Committeeman for Delaware, will
agree TO use my efforts to induce the
friends Of Senator Wolcott 10 ac-
cept such a man. thereby avoiding
a contest and placing the party In a
spirit Of harmony in approaching the
coming election.
VIII you please advise me prompt
ly II this suggestion meets with
your approval and Oblige,
Very truly yours,
Josiah Marvel"
Incidentally, several candidates for
National Committeeman from this
State have cropped up. Among those
mentioned for the position are. VIM.
COyne, Thomas F. Bayard and James
]. Ford Of this city; Benjamin A. Hazel,
Of Smyrna. and DR.. William Z. Hoey,
OF Frederick.
Mr.. Marvel this morning refused 10
discuss his letter, saying that he had
not received any reply from Mr.. Sauls-
bury.
Former Senator Salisbury, when
asked II he had any comment to
make on the letter, said. mo. l did
not know there was any fight on
for the position" Replying 10 the
query whether he had sent reply
70 Mr.. Marvel, the former senator
said: "When ] do, l suppose yor
will receive one. The other letters
were quite numerous"
The Democratic state Convention
will elect the national committeeman
| this year. Heretofore the nationa
committeeman has been elected b.
the national delegates from Delaware
Evening journal., 1920-05-10

ALLIANCE To
BE RENEWED
Continued from First Page.)

Continued from First Page)
its signature by the two powers,
which was July 10, 1911.
Az the British embassy comment as
TO what action probably would be
taken on the alliance by the British
foreign office was withheld. Il was
stated. however, that Article ". Of
the alliance, might be eliminated as
supernous. This article provides that
If either Great Britain or Japan con-
clude a treaty or general treaty OF
arbitration with "a third power moth
ing in the alliance would make it
obligatory 90 go 30 war with the ma
tiOn with which 10 had made such a
treaty This provision was inserted
TO apply TO an arbitration treaty pend
ing at the time between the United
States and Great Britain which failed
OF ratification by the Senate.
should the Anglo-Japanese alliance
be renewed or continued II is under
stood it will he deposited with the
league OF nations secret etariat and pub
lished as provided by the league
covenant
Landlords and tenants meet through
The Mants-Adv.
Evening journal., 1920-05-10

give a total seating capacity OF $500
persons.
The building has been altered at
cost OF about S25 900 under the direc
tion OF John DOckery Thompson, arch
itect and presents splendid appear
ance inside and out. p. +. Thompson,
the manager, Is exhibiting large at
tendance and has engaged a force Of
20 employees besides the musicians TO
see that the best service is given pa
irons.
On Tuesday, Thursday and Fridays
the han viii be available for other af-
fairs, such as private dances, concerts,
meetings, theatricals, lectures, busi-
ness and automobile shows, etc.
The auditorium has been rented for
many affairs, some OF the larger OF
which are the Tall Cedars banquet,
May 49,; Tall Cedar ladies' night May
"a; Consistory banquet, May p. II is
expected that 1900 persons will be
served at each OF those banquets.
A New York Concert Corporation is
arranging 10 run a series OF concerts
beginning next October. These con-
certs viii feature some OF the fore
most musicians OF the world, includ-
ing John Mccormack, CALI Curce, Hell
! fctz, kreisler and HOFFMAN.
Evening journal., 1920-05-10
RIRTHDAY PARTY.

Mr. and Mrs. Robert Burton gave q
nariv on Friday evening IN henor on
Inc twenty-flrst birthday anniversary
of their son, Frederick Wheatlesy' az
Inc home OF Mr.. and Mrs. ". ~;
Greene, 1909 Laurel street. MusiS S,u y
were served. MI. Nussoe
clara Rariels. Ruth King, Helen Bar
teis. Margaret Lamb and Margaret
Bsrtels. MIR. and Mrs. Robert Burton
MIR and Mrs. W. d. Greene, MT. ana
Mrs Robert Bartels, Mr.. and Mrs.
Gilbert King, Mr.. and Mrs. AlDert
Barlels, Mr.. and Mrs. Charles Abrams
Wiliam Reed. Mrs. Anson Clougle,
Master Arthur Burton, Robert Barteis,
Jr.. Arson Clough, Jr.. Albert Bartels
Jr. Frederick Wheatly, Paul Barlels
and Charles Abrams, Jr.
Evening journal., 1920-05-10
srEpHENsoN.MATTIrnnn.

Special 10 The Evening Journal
SMYRNA. May 10 Miss Earla May
Stephenson OF smyrna. daughter Of
Mr.. and Mrs. Harry Stephenson and
George c. Mattiford OF near Smyrna.
We're married on Saturday morning In
McCahel parsonage, Wilmington. by
the Rev George q. Williams.
The couple were attended BY Mr..
and Mrs. William George. sister and
brother-in-law OF the bride Mr.. and
Mrs MatiifOrd viii live in Glenolden.
there, by n. II. MuAord and Go.
Evening journal., 1920-05-10
NFlNS ODDITIES.

One-third OF The babies IN India
die before their second year
In China there is one doctor to
every 100000 people. In the United
States there Is one TO every 7i2
Typewriting machines, valued at
si7. .39i ,iiS. were exported from the
United states during 1919. England
was The principal market, followed
bv France and Canada.
Evening journal., 1920-05-10
sTuDENT COUNCIL DANCE

Special TO The Evening JOurnaI
NEWARK. May i0.-The student
Council OF Delaware College gave a
dance Saturday night in Old College
Hall THE dance was attended by
about i50 couples. The hall was
beautifully decorated and the music
was furnished by White and Mad
den's Orchestra.
Evening journal., 1920-05-10
ron sOcIAL AT REI.LEFONTE.

The Wooster Cluh' 0f Bellefonie.
will give a box social this evening and
not Tuesday evening rs FIRST stated, At
the home Of Mrs. G.. p. Morris, presi-
dent Of ihe Bellefonie Civic Club
The social is FOR ihs beneni Of The new
Community House. that will be erected
in The near future
Evening journal., 1920-05-10
cARn or THANKs

Ar. and Mrs. william Andrews and
family wish TO thank their friends and
neighbors for their Kindness and horil
offerings in their recent bereavement Of
their boy, James A. Hodge. who lost his
life in the explosion at Hagley Yards, on
May A.
Evening journal., 1920-05-10

An AvicOi tablet.
placed in the drinking
water, VIII positively
save your little chicks
from all such diseases.
Inside Of As hours the
sick ones will be as
lively as crickets. Avi-
col keeps them healthy
and makes them grow
and develop.
Evening journal., 1920-05-10
GIVES VIEW OF
GENERAL WOOD
Favors Encouraging Indus
tries, Col. Miller Quotes
Him as Saying
RESENT ACTION OF
SENATOR KENYON

Colonel Thomas w. Miller, one OF
The Eastern managers of General
Wood has taken up personally with
General Wood the matter Of the con-
troversy over the dyestuff bill now
pending in The senate, because Of its
great local interest in Delaware.
General Wood has assured Colonel
Miller that he believes every encour-
agement should be given TO American
industries developed during the war,
such as coal tar products and The
dyestuffs industries. because they
are FIRST cousins TO powder and pre-
paredness, but IL is General Woods
policy as candidate not 10 interfere
with state or national legislation.
Colonel Miller stated that. for OBJ
vious reasons, senator Kenyon was
one OF the last persons in the cOun-
try, who Should by inference presum-
ed TO speak FOR GeneralWoOd as he did
when he said on the tloor Of the senate
That General Wood resented letter
written by the dupont Company's
publicity manager, because Kenyon
has been campaigning against Wood
In several States.
NEW YORK, May i0.-Maior General
Leonard Wood yesterday admitted
that the dupont dye interests Ia an
effort 10 have senator Moses. OF New
Hampshire. relpnt in his fight on the
dyestuns bill, now pending in Con
gress, sent a special messenger TO him
In Cincinnati. with a request that ht
ask Moses TO change his position.
II told the man." said General
Wood, that l was not interfering
in any matter pending before Con.
gress. and that ! would not attempt
TO tell senator Moses what he shoulC
or should not do"
/ The messenger sent to Genera
Wood was Major Richard Sylvester
/ for many years chief Of police IL
Washington and now head Of IN,
| dupont companys police department
II did not think much Of the mat
1 ter. In my speeches ] have said thai
new Industries developed by The wal
| should be protected. Among them
mentioned those making coal tai