davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-09-19
A Republican Setback

A candid young correspondent of
Inc Evening Post who has been
"nooping things up for Cox on the
great Western swing has suddenly
modulated his whoops in one i'm
pof1ant respect to a very hollow
aslde-prlnted, suitably. on an in
s'oe page. The slush fund attack is
" De soft-pedaled from now on, he
S'&leS; or. in special correspon-
'ei'eSe, 1t is to be "subordinated"
10 "a third or fourth rate position. "
why? Because of the advice of
political leaders. The slush talk
was stimulating interest" but it
was not winning votes" writes this
master Of the fine distinction. 1t is
70 oe not only a "subordinate," but
very subordinate cog'-one SEN
''hee IN 7O0-word article is the
quo given to state its exact mathe-
~"i ooos IN the Democratic rae
lug stable, Of course, one cannot
;O'' pedal completely, douse all sound
instantly. The thing has to be done
',u'ly' gracefully, :, retirement in
e0oa order. Nevertheless, this cor
pohdent records the ominous fact
."a' the money diggers" were not
'u''ohed from one end Of Nevada
to the other.
'ssoaps this candid young CORE
New-York tribune., 1920-09-19
The Question
Fro-, TIE English R~rienl

'''V"' i''e T]HOfiSH h~tfet6)
WHEN the young love is breskinv
into flower,
And stands upon the border of her hour,
Alert, and sweet and swift,
How different does she show
From all the flowers that ever blooued
in time,
This separate sovereign lovelinesx c.n
rhyme
Only with its own moment. What. ga
To gather from that shy and trustful
pride:
Or what has innocence to hide7
Then go
Go to her. brave her. ask. Be sure
She Is as kind as she is pure:
She slept, and wakes, and tries Ia kssn
The hush and fame of sleep.
Go to her. Nay:
She falters, ruddy with amaze,
dryad half awake,
With wonder wid'ning in her gaze
Like ripples on a lake,
-A-i"' @SHiHe' ) w may nurt her. Come
away,
While there is time, while all is vet to
say,
Nor tempt the moment. Love- you know,
is strange:
Men call love changeless, but the world
will change
I asked too much of love, I know not
: how:
Her eyes laughed at me under a clear
brow
And then one day nothing was as before.
Through the still hours o debt no love
can pay.
My love lay quiet till the end of day,
And then rose up, and went, and came
no more.
GFRATn CO1-yn
New-York tribune., 1920-09-19
A Shift Of Policy

'Fro" The san Francisco Chror:cle,
here, where, is self -determina-
ton: There was day when Wilson
was Tor letting every people set up its
own independent government if it
wished. Now he refuses independence
to the Let's, the Esthorians, the Luthua
mans, the Ukrainians, the Georgians
ana the Ajerbaljan Tartars, none Of
whom are Russians. He is willing 10
concede IT to the Poles, the Firms and
the Armenians, who are no more dif-
ferent from the Russians ethnically than
the others. 1t is true that there is some
thing to be said against the Ba!kaniza-
ton OF Russia, but if it applies in one
case it should in another. We expect
some consistency from Presidents.
New-York tribune., 1920-09-19

Gle \! If so, why? Does he op-
pose the reservation on the Monroe
Doctrine? II so, why? These are
points on which his opinion would
be helpful. But he prefers to con-
ceal his thought in opaque language
like that of his telegram to Profess
sor Fisher.
No wonder the country is mani
Testing less and less interest in Mr..
Cox's canvass. He isn't candid with
't-or with himself. Nobody can at
tach weight to his arguments in
favor of entering the league so long
as ne refuses to state the conditions
on which he wants America to 90 in.
New-York tribune., 1920-09-19

chiefly one Of degree and not Of type.
For instance, the present laws Of Cali
forna provide that savings bank may
discount or purchase bankers accept
ances of which the acceptor is bank
or trust company having a paid-in cap
ital of Sl,OCo,0OO. Such bankers &C
ceptances shall be bills Of exchange
of the kind and character defined and
made eligible under the Federal Re-
serve act and the then current regu-
lation of the Federal Reserve Board
for rediscount or for purchase in the
open market by the Federal Reserve
Bank; provided, however, that no saw
lngs bank shall at any time acquire
by discount or purchase an amount of
such bankers acceptances greater than
50 per cent of its deposits, nor shall
any savings bank be permitted to ac-
quir. any such bankers acceptances
from any one acceptor in an amount
which shall exceed 5 per cent of the
capital and surplus of such bank. The
law further provides that:
No bill shall be eligible for discount
or purchase by savings bank the pro-
cccds Of which have been used or are to
be used:
!. For a permanent or fixed invest
ment of any kind such as lands, build
ing, machinery, including additions,
alterations or other permanent improve
mcnts, except such as arc properly to
be regarded as costs of operation
2. For investments of q merely specu-
lative character in goods, or otherwise
3. For carrying or trading in stocks,
bonds or other investment securities.
4. And must not be a bill of any indi-
vidual firm or corporation which has
under pledge of hypo.hecation any Of
its personal assets or which has any
contingent liability arising from the re-
discount Of bills receivable or from ac-
commodation Endorsements Of such indi-
vidual firm or corporation.
The laws of California also provide
that no savings bank shall at any time
acquire by discount or purchase the
amount of such commercial paper
greater than per cent of its deposits,
nor shall any savings bank acquire, di-
rectly or indirectly by discount or pur-
chase, any such commercial paper Of
any one person, firm or copartnership
or corporation, in an amount which
shall exceed 5 per cent of the capital
and surn1us of Such hank
Many of the states have not as yet
undertaken to regulate by legislative
enactment the funds of savings banks,
but more of them each day are giving
the matter of the investment of funds
in bank acceptances the serious consid-
GRAFTON 70 which its Importance en-
titles it,
None OF them save New York has
suggested reactionary measures; as
stated, the tendency has been almost
universally in the opposite direction. If
the effect of the pending measure is
understood and it depends upon its
merit for passage. it is certain to be
overwhelmingly defeated
THOMAS c. JEFFERIES.
New York, Sept. Is, 1920.
New-York tribune., 1920-09-19
The New Anarchists


The old anarchists attacked rulers
OF states or their agents. They as.
sassinated men who symbolized gov.
ernment. They also took big per.
sonal risks in doing so. The Czarist
Russian regime used to be described
as despotism tempered by assassi-
nation. Fanatics of European origin
have made murderous attacks on
American Presidents on the mis-.
taken theory that they were taking
vengeance on a dcspotism or a
dynasty.
The new anarchism works along a
different line. 1t doesn't pretend to
be taking vengeance solely on indi-
vldual oppressors. 1t no longer
cares very much about picking off
heads of states. 1t wants to destroy
existing governments and the exist
ing social order. It has no faith
that it can do so by persuasion-by
capturing the consent Of the gov
erned. 1t has no time to waste on
political agitation, since it despises
the democratic theory and the prn-
ciple Of majority rule. It believes
only in violence-thc right of a
small minority to seize power and
then enslave the great majority. 1t
is ready, therefore, to practice ter
rorism against all classes-against
the proletariat as we'll as against
the so-called bourgeoisie.
The new anarchism has, in fact,
been merged with communism. And
communism balks as little at exter-
minating the laborer as at extermi-
mating the capitalist. 1t believes
that oceans of blood must flow be-
fore the new communist absolutism
can be imposed on the world. TAX
ing llves-no matter what lives-is
only means to an end. The world
according to the communist fanatics.
can be subdued only by terroristic
savagery.
The sources Of anarchist-commu-
mist activities here are not obscure
The doctrine of forcible minority
domination is preached openly by
Lenine and Trotzky and by their fol-
lowers in this country. The bomb
explosion in Wall Street is natu-
raj reaction to such teaching. The
indiscriminate, cowardly slaughter
of passersby is a logical incident of
a program which in seeking to over
throw the existing order is equally
hostile to all the elements which live
under that order.
The communist plays no favorites
He wants only to kill from cover.
He is the enemy of all outside his
little band. And every other group
is equally interested in tracking him
down and eXterminating him. He is
a wild beast at large. Any person,
however insignificant, who happens
to be in his way may be his victim.
The modern communist makes war
not on the governing class alone but
on all of US. Our only remedy is to
make war with equal vigor on him.
Why should the government tolerate
any longer the presence here of any
known anarchist communist?
New-York tribune., 1920-09-19
One Housing Remedy
Enlarge the Work of Building and
Loan 4 ssociations
70 the Editor of The Tribune.

To the Editor of The Tribune.
Sir: There are in the United States
1900 cooperative building and loan as
sociatons, with q membership Of H.
100000 and $2,127, 100000 assets. III
this state these associations (the Off.
cial title is savings and loan) have
100000 members and $4,000, 900 as
sets. All the money is invested in
small first mortgages on homes. Most
Of the 10 per cent growth each year
comes from one man or woman telling
another how he or she started OH the
way to own his or her home or to save
money in small amounts through the
medium Of these organizations. They
are empowered under the law to lend
as high as 50 per cent on a mortgage
which is being amortized at the rate
Of at least per cent each year Thc%'
always pay their investors at least A..
per cent dividends a year. and expert
ence shows that an average mortgage
is paid up in twelve years; meantime.
there is no fec for renewals, no sleep
thought that the mortgage may be
called when it becomes due or is open
A striking example Of the invaluable
work of these associations in promo.-
ing home owning and thrift is shown
in New Jersey. where there are 355,-
900 members and s2oO,000,Voo assets
Little advertising has been done and
expense of operation is remarkably
low. Thousands OF men (and women
in few associations) serve as officers
and directors year after year, with the
feeling that they are helping to make
better citizens. Recently, however, fol-
lowing the example Of churches, the
Young Mems Christian Association and
kindred organizations tthese men view
ing their activities in these associations
as the highest form of social service}
many officers and directors of savings
and loan ass sociations are awakening to
the fact that this plan of keeping the
goods under the counter is really
munity.
The associations in this state have
unusual facilities for promoting the
ownership Of modest homes-not apart
ment houses or "beehives s"-only one
or two (perhaps three) family houses,
if certain legislation can be obtained.
1t does not appear, according to
Charles O'Connor Hennessy and other
experts, that any objection can be
raised to the plan on the ground Of
cOnstitut!onality. AS d premise, | will
say that We have in this state
unique organization that bears the Of
tlclal title of the Land Bank Of the
State of New York This bank Goes
not receive deposits; its sole business
is 10 furnish savings and loan associa-
tons with mortgage money, the asso-
Citations pledgng their mortgages
(these being deposited with the State
Controller as collateraD, and the Land
Bank issues bonds against this collat.
eral. The bonds were being freely
bought by savings banks, executors,
trustees and others looking for con-
servatlve and sound investments; they
bore IA per cent interest.
Then the Federal government came
along with the income tax, and these
conservative investors felt that the
return they received on their invest
ment from the Land Bank bonds was
not sufficient. They STONED buvin1
New-York tribune., 1920-09-19

democratic government in the world, q
government which had no king, noble,
bishop, birth privileges, established
church, or ruling class, but did have an
elective executive, chosen annually by
the General Assembly of the adult males.
AS the American pioneers have ad-
vanced across the continent, they have
carried with them this elective execu-
tive, and this democratic constitution
OF society without trace Of either
feudalism or ecclesiasticism.
New-York tribune., 1920-09-19
The Next Four Years

To the United States the next
four wears will be as critical as the
four wears that followed the Civil
War.
Whether they shall bring peace or
calamity will largely depend upon
the Administration at Washington.
With the right kind of admin
j>,ration the business Of the coun-
trv can he rccstablished on a perma-
rently prosperous basis. An ar
rangcment can be reached with
ether nations which will insure the
peace Of the world. Thus the future
can be made secure.
With the kind Of administration
We have had in the last four years
business will he left cropping blindly
in fog Of uncertainty. Peace will
be delayed because Of insistence on
a League Of Nations plan the coun-
try does not want and will not &C
cept. There will be no relief, only
a multiplication of the troubles
from which we already suffer.
Mr.. Cox explicitly promises US the
SAME kind of administration we
have had in the last four years.
Hardly had he been nominated
than he hurried to Washington to
make this pledge to Mr. Wilson. In
deed, he was more eager that Mr..
Wilson should approve of him than
that the people Of the country should.
Having set the Presidents mind
at rest, Mr. Cox repeated on the
stump his determination to follow
Mr.. Wilson'S example.
And because he has done so
every member Of the Administra-
ton is to be sent out through the
country to talk for him.
Mr.. Cox is to be regarded as en-
tlrely sincere in his devotion to Mr..
Wilson and to the Wilson policies.
1t is to be assumed that if elected
he would make good his promise.
he advertlses the same qualities of
cbstlnacy and unwillingness to take
advice that have made Mr.. Wilson's
administration what it has been.
Therefore we may expect that
four years of Cox would be as near
y like four more years of Wilson as
Mr.. Cox could make them. To use an
illustration from American history,
ne would be another Van Buren, di-
rected from Wilson Hermitage.
The voters would not for an in
slant think of bringing on them
selves four years more of Wilson.
The Democrats themselves were
sure of that, for they declined to
renomlnate Mr.. Wilson, or even his
son-ln-law, Mr. McAdoo, the latter
on the ground that he was too close
10 the President"
If the voters do not want four
Years more of Wilson they certainly
90 not want four years of Cox. The
wilson performance and the Cox
program are the same. The first
brought disaster to the country.
me second would pernetuate it.
New-York tribune., 1920-09-19
Calvin Coolidge Says

(F'rom his address to the Massochu-
sets Senate on being elected its
President, J0nuary !, 1919
The people cannot look to legisla-
ton generally for success, Industry,
thrift, character, are not conferred BY
act or resolve. Government cannot re-
lieve from toll. 1t can provide no sub
Stitute for the rewards Of service. II
can, Of course, care for the defective
and recognize distinguished merit. The
normal must care for themselves Self
government means self support.
New-York tribune., 1920-09-19
lettering Savings Banks
Dangers Of Effort 10 Compel Inpcst-
ment in Mortgages

70 the Editor of The Tribune.
Sir: 1t is amusing to what absurd linn
its legislators will sometimes go when
they leave the Office and enter lcgis-
lativc halls to espouse the cause Of the
"peepul"-and especially along about
election time.
There has been introduced and is
now pending at Albany legislation tha.
is designed to prevent savings banks
Of New York State from investing their
surplus funds in bank acceptances and
bills of exchange. The bill would re-
peal the state law which was enacted
several years ago under which savings
banks were authorized to make loans on
bank acceptances and bills Of exchange
This legislation apparently is not in
tended to be constructive-in reality il
is simply coerclve, sort Of collateral
legislation that has been wrapped with
measures designed to relieve the acute
housing situation which has developed
within the State Of New York and espc-
cially in the greater city.
The statesmen who proposed the meas
ure apparently hoped to force savings
banks to invest their surplus funds in
real estate mortgages. This is certainly
vain hope. Besides narrowing the
market for bank acceptances and thus
defeating the earnest efforts that have
been exerted by the Federal Reserve
Board and other agencies for several
years past to popularize and broaden
the market for these acceptances, the
measure could not possibly accomplish
the end Of forcing savings banks to put
their money in real estate bonds and
mortgages. These institutions would
either place their funds on deposit with
their correspondents or invest them in
some kind of securities which state laws
do not prohibit. The bank acceptance
has furnished them with an ideal invest
ment for their surplus funds because it
possess the three fundamental reuui-
sites Of security, yield and availability
of funds.
The legislation, if enacted. would place
New York savings institutions at a de-
cided disadvantage compared with other
similar institutions elsewhere, especially
in such nearby localities as Jersey CITY.
Newark, Philadelphia, Boston and those
in states further removed which do q
large savings bank business BY mai
When the legislation went into effect
amending the New York State banking
law SO as to permit savings banks to
invest their funds in bank acceptances
the action was gratifying to New York
savings institutions generallv. Surh
act was certain not only to enlarge the
field of usefulness OF such institutions
bat also to broaden the market for ac-
ceptances. Trustees Of many savings
banks have learned from the great de-
clines that have taken place in what
they had previously regarded as gilt
edge securities that the superlative de-
gree Of caution which kept prime bills
OF exchange under sort Of suspicious
contempt was unwarranted We have
had opportunity 10 observe that even
preferred stocks and first mortgage
bonds can decline in price.
Various states hold different atti-
tudes toward this question Of the in
vejtment of savings bank funds in
bank 0eeeptances, but tha diTerence is
New-York tribune., 1920-09-19
A air EXCHANGE

From The Philadelphia Evening Ledger
The Russians want to get into Ger
many and the Germans yearn to get
into Russia And any one who likes to
see people get their desserts will feel
that no one should interfere with the
Germans or the Russians in this in
stance.
New-York tribune., 1920-09-19
An Individual Strike

From The Kansas city star,
One reason why a hunger striker
always draws some public sympathy is
that he is about the only striker whose
strike doesn't cut off some ones else
food and comfort.
New-York tribune., 1920-09-19
American Holidays

(from The C,nci"aa,: Inqnuer)
1t used to shock US to read Of the
slaughter that made a Roman holiday,
but with motor smash-ups, trolley
wrecks and the various other brands
of accidents we seem to do pretty well
along that line ourselves.
New-York tribune., 1920-09-19
From DR.. Charles w. Eliot

! describe briefly the most striking
contributions of the Pilgrim Fathers to
the political and social organization of
America.
% The Pilgrim expedition in search
commercial stock company. Most of the
shares were taken by British men of
business who invested in it money only,
and were properly called the Adven-
turers; but every man that "went,"
New-York tribune., 1920-09-19
GERALD GOULD.
After Storm

|HAtCL OlOIIl
FROM Po>trp,
WAS there a wind?
lap tap
Night pads upon the snow
With moccasined feet,
And it is still so still
An eagles feather
Might fall like stone.
Could there have been storm,
Madtossing golden mane
on the neck of the wind -
Tearing up the sky,
loose-fapping like tent
about the ice-capped stars:
Cool, sheer and motionless,
The frosted pines
Are jewelled with a million flaming
points,
That fling their beauty up in long white
sheavcs
Till they catch hands with stars.
Could there have been a wind
That hailed them by the hair,
And binding
Blue -forked
Flowers of the lightning
In their leaves?
Tap tap
Slow ticking centuries
Soft as bare feet upon the snow
Faint luling as heard rain
upon heaped leaves
SO silence builds her wall
about dream impaled.
LOLA RIDGE.
New-York tribune., 1920-09-19
From General John I. Pcrshinp

The celebration Of the Pilgrim ter
centenary marks the anniversary Of one
of those occasions which bind together
the interests Of the English-speakng
people of the world. The Importance
Of close bond Of sympathy and under
standing between the people Of the
British Empire and the people Of
America has never been greater than
during the present period of unrest
throughout the world. A common lam
guagc and similar ideals Of justice
make it possible for our two peoples
Jointly to exercise a great force for the
benefit of all mankind.
New-York tribune., 1920-09-19

,su can purchase merchandise aevertlsee IN Thg
,,'eIlNF with absolute safsty--fer " dlssatis7ae-
W.. W., ,s.ni,. In any case ThE TRIBUNE guarantee
ns ,.s yoSr money back uson request. No red taps.
ss ouihbiios. We make GOOD promptly II the
.I,srtt,er does net.
New-York tribune., 1920-09-19
OutcIassed

From The ST Poul Pioneer Press
California probably will admit that
Italian earthquakes are superior in
every respect TO the home product
New-York tribune., 1920-09-19

-. A,.or,s..i r-rSs IS exclusively entitled to the
80 u, ,c,uh;ca.ip4 Ct all '."ws dBpatcies credited
. q, y, 10, o,hrrviso ercdi;rd IN this paper. and
,,, iocal 'evs Of spontaneous origin published
tr-s. 49,, =, =, , .
s..aY se) are reecrvei.
New-York tribune., 1920-09-19
Nsto "Vork, ,Urtbatsn
s;r.t TO Last-the Truth: News-Edi-
torials-Advertisements
.,.,s, ct sh. Audit Bureau OF Calculations
SUNDAY, SEPTEMBER ls, 1920.

.,,sa md published daily BY New York Tribune
oe' New York Corporation Ogden Reid. prasi.
ina. a vernor Rogers Vice Presdent: Helen
a., ss,, Rssd seerctary; r. T. Ma1neid Treasurer.
ssssss Tribune BniIdins 10 A Nassau S''ee- Hew
SoJ 10y Telrphoue Beekman 2ees
New-York tribune., 1920-09-19
sr-pscnrPTIoN RATESLBy mail. including
RAkTT

r.,--,d A. The ro<,ofaes a. New York 40 Second
Class Mall Matter.
Hyder Alaska miner., 1920-06-02
TAkU II
 GOES ON THE ROCKS

On her outbound trip this week the Takn II ran on a reef about 2S miles down the nal and settled by the stern as the tide went out, flooding the engine room and neces- sitasiue a tow back to Hyder when it was possible to feat her on the next high tide. She was brought back by the Prince of Wales which had left here 12 hours latef than the Taku. CPReynolds, one of the crew, came to town in q row boat with the news of the accident. The six passengers were landed without difficulty and transferred to tho Prince of Wales.