davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-11-23
To Extend Moratorium

Private cable advices received here
yesterday from Havana were to the
effect that definite steps have been
taken by the government authorities
there to extend the moratorium which
expires on December /. 1t is expected
the extension will be for at least thirty
and possibly for sixty days. Cuban
bankers, sugar mill men, and govern
ment representatives were in session
all day Sunday and again yesterday.
One of the first steps that will be
taken to meet the situation on the
island, cables said yesterday, will prob
ably be the declaration of an embargo
on the expectation of sugar from Cuba
This will keep the 25O,00O to 100000
tons of the old sugar crop off the mar
ket for such a period as the Cubans
deem it best to do. 1t is believed that
by Withholding the sugar and not per-
mitting its expectation, prices in the
market outside will be stabilized, and
in the end the surplus can be Sold at
better prices than now obtain. 1t is
also proposed to delay the beginning of
the grinding season so as not to bring
the new crop of sugar on the market.
so soon. To meet the needs of the
banking situation in Havana and else
where on the island it is proposed TO
issue emergency currency to be Sc
CURED, possibly by sugar.
New-York tribune., 1920-11-23
Texas Company

Out of Chicago came a story to Wall
Street yesterday to the effect that new
interests, including Marshall Field, Ed
ward and Philip Swift and William
Wrigly jr, have been heavy purchasers
of Texas Company stock recently. The
active participation of these interests
in affairs of Texas Company would fol
low, it was said, an inspection trip OF
the properties just completed by them
1t was not possible to confirm the re-
port locally, but persons who have
watched the market action of Texas
Company stock said there had been
signs of accumulation during the re-
cent market decline. Texas Company
has always been known to Wall Street
as more or less of a Chicago concern
1t was largely held by the late John
w. Gates, and the holdings of the
Gates estate in the company are now
represented by John j. Mitchell. Chi
cagO banker
New-York tribune., 1920-11-23
Regular Declarations

1t Is announced that Arthur Cable.
formerly associated with and representing
montgomery Co.. in Chicago. Will join
the Guaranty Company of New York as
vice president
New-York tribune., 1920-11-23
I'm w all Street
Street More Cheerful

nanmous .ne aee tba bs ge~e
opment which turned the market up
ward was the announcement that i'm
portant holdings of w. C. Durant in
General Motors had been acquired by
the Morgan firm and the du Pont inter
ests. knowledge that this great hold
ing, estimated all the way up to more
than 100000 shares, had been put
away in strong boxes took heavy load
off the minds Of those who have been
arguing that the selling had been car
ried too far. Naturally, there was a
more cheerful feeling, and this was re-
flected in a big buying movement, which
some observers went SO far as TO de-
Scribe as bear panic
New-York tribune., 1920-11-23
Money Situation Helps Sentiment

Sentiment regarding the stock mar
further easing in money. Although the
lowest official Stock Exchange rate
was per cent, it was learned that ap-
proximately 81 100000 was loaned after
the close of the market at IL per cent.
This was the lowest rate since October
%, 1919, while the per cent rate on
the exchange was the lowest since De-
cember l9 year ago. There was also
an easier tendency in the time loan
market, with offerings by the banks at
IA per cent. Brokers, however, were
chary of borrowing at this figure, as
they are now convinced that time
money rates will be still lower by the
end of the year.
New-York tribune., 1920-11-23
British Treasury Sends Gold

Slightly less than s5,Ooo,o0o in gold
came in on the Aquitania from England
yesterday, shipped to J. P. Morgan &
Co. for the account of the British
Treasury. The bankers did not make
known the purposes of the shipment,
although it was supposed to be to meet
interest payments or other obligations
OF Britain due on this side. One OF
the bankers suggested that possibly
the British were preparing for the
maturity of one of the United Kingdom
dollar note issues falling due here in
1921.
New-York tribune., 1920-11-23
c. & o. Sells Equipments

The market for prime investment
securities is still in good shape. This
was demonstrated by the quick sale
privately Of an issue of S4,50O,0OO
Chesapeake & Ohio Railway 61a per
cent equipment trust certificates un-
derwrltten by Kuhn, Loeb e. Co., and
the National City Company. The GER
tltlcates run from four to fifteen years.
Inc tour year trusts were sold on a
6.o5 per cent basis and the others on
a scale depending upon maturity with
the tlfteen-year certificate going on q
$40 per cent basis. The certificates
are secured by $8,118,000 in new equip
ment, already, contracted for, consist
ing. of twenty Mallet superheater
freight locomotives, five ten-wheel
superheater switch locomotives and
1000 lOO-ton steel coal cars. H. f.
Huntington, chairman Of the Chesa-
peake & Ohio board in a letter to the
bankers says that net railway operat
ing income Of the road for the two
months ending October 81. 1920. the
first two months during which the new
rates were in effect, amounted to
S4,352,OO0 while the interest on debt.
rentals and other fixed charges, includ
ing net balance of interest accounts
with the railroad administration for
the same period amounted to 81 1,665 .44O.
Crucible Steel
Most of the gain of S7s points made
by Cruclple Steel yesterday was in the
the shorts were having increasing diff
hculty IN covering stock they had sold
on last weeks break to 81. The greater
resistance of the stock to selling press
ure was of course helped by the state
ment OF Chairman Wilkinson that the
amount OF the company's current assets
is almost three times the current la
bllltlcs and that current earnings are
oelng we'll maintained. Concerning the
company's condition he said: Like all
o'her companies at the present time,
we are having decline in orders. We
nave had, some suspensions and can
cellatlons, but are pleased to state that
the untitled orders on our books No
Vember 20, 1920 amount to 46,525 tons.
which Is about three months business.
Inc earnings for the months of Sep
tember and October have been main
tanned at figure equal to the average
shown throughout the last fiscal year.
desire to assure the stockholders that
there ls not sufficient change in the
condition of our business at the pres
ent time to warrant any change in the
policy as announced by your chairman
:. Ne"' Az "es'S oHeS appearing
IN the press questioning our balance
sheet and profit and loss statement are
being made for the purpose of dis
turbing the market quotations on your
holdings. The statement that your
company is dependent upon a partic-
ular industry for large portion of
its business is false. It's business is
very diversified and consists chiefly in
furnishing tool steel and special steel
to tool manufacturers, railroads, agri-
cultural implement makers, govern
pent arsenals, navy yards and cutlery
manufacturers, as we'll as other indus
tries in which fine quality of sseel
is reQuired.''
New-York tribune., 1920-11-23
'Fhe Dollar in Foreign EXCHANGE

Sterling exchange scared in sensa-
tional manner in this market yeste rday,
the rate on London climbing rapidly
above $3.50. 1t had closed on Saturday
at S347A, and closed yesterday at
S3.52f4 for demand. The rise was not
unexpected in banking quarters, where
1T had been noted that offerings of ster
hing bills had slackened with the i'm
proving tendency displayed in London
rates with the check in the recent sharp
decline,
Other European exchanges improved
with sterling. and francs, lire and
marks were Quoted higher.
lQuoted in dollars to the pound)
New-York tribune., 1920-11-23
The Short Interest

One commission house which has
been heavy lender of stocks to short
sellers reported that only 3 per cent
of the stocks thus borrowed had been
returned by the end of yesterdays
market session.
New-York tribune., 1920-11-23
Paris Market Inactive

PARIS. Nov. 22.-Trading was mac
tive on the Bourse to-day. Three per
cent rentes, 90 francs 8 centimes, Ex-
change on London, 56 francs 81 cen
times. Five per cent loan, 85 francs
20 centimes. The dollar was quoted at
Is francs 24 centimes.
New-York tribune., 1920-11-23
London Money Market

LONDON, Nov. 22.-Bar silver. 47Ad
an ounce; bar gold, ITS. Money. 5A
per cent Discount ratcs-Short bills,
6 13-16467s per cent. Three months,
s 11-16 per cent. Gold premiums at
Lisbon, 140.
New-York tribune., 1920-11-23
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings

Copyright 1920 New Tribune Inc)
New-York tribune., 1920-11-23
Money and Credit

Money conditions on the Stock Ex-
change worked easier yesterday and the
call rate after renewing at per cent
was down to per cent at the close
After the close it was learned that ap
proxlmately 81 100000 was loaned at az
per cent. This was the lowest rate since
October, 1919. Time funds were
offered by the banks at 71a per cent
but brokers displayed no eagerness to
borrow at that figure.
~ Yesterday. ago
On Industrial collateral.
Time money (mixed colateraD:
Ninety days ..... 8Msis 6%9s
-Four months ... S@SH 5%M6
-Four to six months $685. 534@6
Bank Clearings - Bank clearinrs at
New York yesterday we're: Exchanges,
S548,877991; balances, $92,1S1 ,858.
Silver-London, 47%d; New York. do
mestlc bar, 991ac; foreign, 74c; Mexi
can dollars, 565sc.
Sub-Treasury-United States fnnd
reserve credit balances, $S8, 1889 ,OOs.
Canadian Exchange York funds
IN Montreal, S130G3 premium per
$1,000; Montreal funds in New York
$ll5o3 discount per $1,000.
New-York tribune., 1920-11-23
Dividends
I-.t.I
Curfafl

Curran Detroit Radiator Company-Ar
initial quarterly dividend OF per cent a
share has been declared payable Decen
per 20 to stockholders OF. record Decem-
Every evening, Wilmington daily commercial., 1920-02-12
President Wilson'S Condition.

Very gratifying was the statement in
respect of President Wilson's physical
condition made public yesterday by DIR.
Hugh II. Young of Johns Hopkins, one
of the physicians called into consultation
at the White House. ''The President, y
he said, was organically sound when |
saw him first, and found him not only
organically sound when | visited him last
week, but further, all theorgans were func-
tioning in perfectly healthful, normal
manner"
But for the weather, DIR. Young said,
President Wilson would have been out
and around before this, but it was not
deemed wise TO allow him to expose HIM
self to the elements in any manner. In
a word" he said in conclusion, 'you can
say that all goes well, except the wealth
er, on the banks of the Potomac. You
can say that the President is able-mind-
cd and able-bodied and that he s giving
splendid attention to affairs of state and
that we have every assurance that he
will become progressively more active IN
these matters with the advent of sprng
and sunshine which cannot now be 'ong
delayed"
For which assurance all the people, too
long kept in the dark as TO tn actual
condition Of their President, " Il give deep
and heartfelt thanks.
Every evening, Wilmington daily commercial., 1920-02-12
LET'S BE REASONABLE.

Ii is hard for the. average American
TO make any allowances Of any sort fol
the average Mexican, yet we ought Go
try TO be as reasonable as we can. Take,
for instance, the matter of the American
army airmen who lose their way, flying
unlntentlonally across the border, descend
in Mexican territory, and are Immediately
taken into custody by the Mexican a,-
thorities. This happens again and again
and the American people become in
tensely irritated when, as is frequently
the case, the Mexican authorities are slow
about releasing the airmen.
Suppose Canada had been German
territory IN the days before this country
espoused the cause of the allies, and sup
pose every week or so a pair of German
avIators from Canada had lost their way
and flown about over New York State,
and at last were forced by engine trouble
TO descend In American territory. Would
we have accepted unhesitatingly the Ger
man expla nation that these repeated
occurrences were unintentional, that the
German airmen didn't mean 20 fly over
American territory and didn't know that
they had crossed the border? Wouldn't
a great many OF us have believed, on the
contrary, that these German flyers were
deliberately Spying out the land with a
hostile purpose?
OF course we would. And that IS
exactly what a great many Mexicans
believe about the American airmen who
are constantly straying across the border.
News and Courier
Every evening, Wilmington daily commercial., 1920-02-12

AMERICAN LEGION AND OTHERS

After the armistlce, was signed In 1918,
various starts were made to Organize a
society that should perpetuate the great
army through peace time. These finally
merged into the American Legion. Its
birth was hailed by the loyal soldiers. who
had followed old Glory in France rs we'll
as by those who had not been sent abroad
hut who served with no less zeal at home
The patriotic purpose of the organization
appealed to all
In the pursuit of its objection, 100
per cent Americanispl, it has run foul of
certain elements, whose sinister activities
were felt before and during the war, and
whose misguided followers persist in doing
things that do not bode we'll for America
These have. set about forming counter
moves, organizing groups that have a
political purpose IN opposition to the
Legion. Real or fancied grievances of
the solder against the service are seized
upon and magnifed, slanderous reports
secretly circulated are employed to under
mine the influence of the legion.
Young men who really followed the
colors will do we'll TO carefully weigh the
specious pleadings of the glib-tongued
"class conscious" orators who now per-
suade them. Many OF these fellows per-.
formed their military service in the dis
ciplinary barracks at Fort Leavenworth,
from whence they were released when
Secretary Baker so graciously granted
amnesty to the slackers, restored them to
duty and gave them honorable discharge.
Omaha Bee
Every evening, Wilmington daily commercial., 1920-02-12
Labor to Go Into Politics.

Labor--organiscd labor, that is---ha,
decided to go into politics, this year, in
an cndeavor to elect to Congress and to
State Legislatures men favorable to its
interests IL is especially intent upon
making its impress upon the membership
of the next Congress, because it regards
the present do-nothing. almost imbecile,
Republican Congress as its enemy.
II this is reallv the cause, the situation
is akin to retributive Justice in respect of a
large portion of organized labor, especial
ly that part Of it located in the section Of
the country east,of tho Mississippi river.
The Wilson administration had done
more, in the way of legislation, for the
legitimate cause of labor than any num-
Der of preceding administrations, yet a
large portion of organized labor deliberate
ly arrayed itself in hostility to this admins
tration, at the 1916 election and especially
at the election of 1918, when the Congress
of which 1t now complains so bitterly was
elected. 1t was elected largely by the
votes of organized labor in the industrial
centres of the eastern portion Of the coun-
try. Itwas apparent right here in the city
of Wilmington how labor repudiated its
real friends.
However, labor has right to go into
politics. But that it can advance its
interests by such n move is something
else. Nor is there much probability of the
movement amounting to a great deal.
When the test of voting comes, large
majority of workingmen will vote ac-
cording to their personal and political
preferences, as they have been doing right
along.
Every evening, Wilmington daily commercial., 1920-02-12
SPEAKER GILLETT'S PANIC.

When Speaker Gillett of the House o
| Representatives at Washington dinnec
into the ears of 5000 Springfield, Mass
people the familiar dictum that they mus,
work and save if they would avoid panic
IT is not recorded that anybody In his
vast audience had the courage to ask why
he did not practise as he preached.
This country rs governed by Congress
and the most powerful member Of that
body Is the Speaker of the House. With the
assistance of the small but immensely
powerful Committee on Rules, OF which
he Is q member, and supported by a
compact majority he Is practically
dictator of legislation, consigning one
measure to Oblivion if he will and forcing
another to speedy enactment with his
gravel and has clock
Although it is automatic that govern
mental extravaganza begets private in
dulgenee and waste, the Congress In which
this eXhorter Is so conspicuous has as yet
set no example of thrift, II has talked
vaguely OF reconstruction and il has made
few essays in that direction. but in the
main 1T has confined its attention TO party
politics. Admitting the importance of
economy, IT has found squandering much
easier than saving, and we are no nearer
peace basis of expenditure today than
when it'began last spring.
Persons In private life have a right to
urge the people to work and save, but such
an aTpell from delinquent Con-
gresham is peculiarly irritating. If we
escape the widely heralded panic the de
hverance viii not be due to any measures
adopted by our Gilletts to prevent it.
New York World
Every evening, Wilmington daily commercial., 1920-02-12
LINCOLN.
BY Isabel Fiske Conant.

In many city square we know
lis rugged height, aloof in bronze.
me guardian Of our crowds that 20
The mate Of solitary dawns:
And Freedoms forum echoes still
with Lincoln's narne-and ever Wilt
hrs furrowed corrntenance-o,i chief
Our hearts have haloed. under 0ne
VINO was, ere he, Man of grief.
Who was, ere he, LIT with the SIM.
Flurowed or crowned with fhorus the fac,
f Love was theirs, divine with grace.
ornItIng 70 save, with whip Of thongs.
He, too, drove evil traffic forth.
HIS heart beat . hoes in our songs.
His strong heart, kind 70 South and
North,
And East and West, from sea 70 sea
Meet on hrs road Of memory.
Lincoln, the nations martial heart,
Lincoln, Americas highway
nat road that led her 70 her part
Of suecor on a tragic day:
stu on that pilgrim road, D soul
~ ms great country, seek your goall
Every evening, Wilmington daily commercial., 1920-02-12

clear she cannot hear shout. Later,
this Ejrl can possibly wear an acppsticon
and hear more plainly, but while she is
stilI 80 young an instrument might posi-
bly, injure the delicate hearing apparatus,
II - eleven years since Miss Rcinhardt
established her school in Kcnsington, and
she says that the entire profit II eleven
years il repreSsnted by the cottage anncx,
which she bought.
Work of thie>sort," she sAys, cannot
bc profitable, because even IL a school
were taking in large sufns, it would want
to put the proceeds into equipment
The work Of developing deaf children
should be endowed through number Of
schools for the deaf, she thinks, NO that
they can be continued indefinitely, and
for the sake of progress. As it is, she, and
most of the other heads Of private schools
for the deaf, struggle along, trying 10 pay
an adequate corps Of t.achers, and 10 keep
the household warm, well fed and comfort
ablc ON the amount paid IN by the pupils.
Sometimes Miss ReDhardt feels as il
the financial end Of the game mnst be a
losing one, but on the other side of the
scale she Is winning 90 heavily in her
efforts with the children that she is en-
couraged TO keep on, hoping that some
wealthy and benevolent fairy viii finally
come To the aid of deaf children.
Every evening, Wilmington daily commercial., 1920-02-12
just Folks
By Cdeas A. 0sssG
THE PRICE OF SUCCESS.


II you haven't tho patience TO work and
wait,
To build with precision and lay yuI,
bricks straight:
II you haven't the cotirngc To grin now
and then
Whom the structure falls down, and to
start in again,
just remain where you are and be satisfied
too,
For the hazards out there will be too much
for you.
II you can't stand alone in the thick Of the
fight,
And persist in your course when you know
you are right;
II you can't keep your faith when it's
greeted with snecrs,
And still go for the goal which but dimly
appears,
Don't leave the broad highway 10 carvu
out a new,
For tho hardship~ out there will be too
much for you.
II you can't get along without flatt'ry
or praise,
And the comforts and joys of these won-
derful DAYS,
~ you tlre over quickly of cfIhRs ~ pioW,
Or think IL no use when your progress is
slow.
II you're one who must have everything
bis own way,
Then the price of success you're not willing
topay.
But II YOU will take all the fates have to
give,
Stand hardships and setbacks, still glad
that you live;
II you'll cling to your faith and keep
plodding along
When disaster bcsets you and everything's
wrong,
II you're willing to battle and never give in
Go after your dream, for in time you will
win
Every evening, Wilmington daily commercial., 1920-02-12
PRESS COMMENT.
AN IMPOLITrC DEMAND.

The Entente demand for the surrender
for large number Of German war~crim-
inals is not likely to bc pressed. It was
probably not intended seriously, and was
made to placatc certain element in
Great Britain and France rather than
with the purpose of innuguratng n great
court of war assizcs. a large majority
OF those demanded doubtless deserve pun
'shment. AT the beginning Of the war
the German Army and the German pco-
pie too, for that matter, were in brutal
frame Of mind, and soldiers and citizens
alike were disposed to treat their enemies
with scant consideration il not with
shocking cruelty. And even up to the
last year of the war their military COM
manders persisted in barbaruus practices
and frequently violated civilized usages
III exact justice could be done in this
world, there are some on the black list
submitted TO the German government
who should be beaten with many stripes.
Unfortunately, it has become neces-
sary to condone most Of these war
crimes, so far AZ individual punishment
is concerned. There is talk OF softening
or remitting some Of the material and
financial burdens imposed upon Germany
by the treaty, not because Germany
should not pay i'm full, but because she
may not be able TO do so without impeir-
ing her power Of recuperat on. II may pay
us better TO make her center of pro-
duetlon and stability than to bleed her
nearly 10 desth. If the treaty terms are
il will be because we are in
fiuenced not by generously, but by self
interest.
A similar policy may bc wisely advo-
Gated as to personal reprlsals. They
may be lawful, but they are not cxpedient.
It would be foolish now To press these
claims at the risk of crea ting intense
national resentment. Moral as we'll rs
material consequences must be consid- |
,red in our dealings with the new Ger |
SUN.