davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-04-16
CURB STOCKS.

Furnished By W. B. HTbbs & Co.
The Washington herald., 1920-04-16
One Method by Which High Cost
Of fLiuing May be Readily SoLued

The Irving National Bank CT - ..
York today will pay to its employees
40.75 per cent OF their salaries DUR
ing the first quarter of the year,
the largest extra compensation pay
meut in it's history. This is the Sec
ond Irving bonus since January 1,
in furtherance Of the banks pro-
gram to help its employees meet the
high costs Of living. On January
15 an extra payment was made of
1915 per cent of the salaries in the
last quarter of 1919.
The bonus plan, as applied by the
Irving, IL based scientifically upon
the day-to-day living costs. It bears
a direct relation to the rise and fall
of prices In food, clothing and other
necessaries, and thus equalizes for
the banks employees changing liy-
ing conditions.
The extra compensation is paid
on the fifteenth day OF the month
following the enc OF each quarter
to all employees and all officers not
members of the board who were In
the banks service throughout that
period.
In ascertaining the changes In iiv-
ins costs Bradstreet's Monthly In
dex Number Is used. This is the sum
The Washington herald., 1920-04-16

81 the wholesale prices of ninety.
six foodstuffs and other necessities
and 1t affords a fair and satfsfac-
tory measure of market prices. AS
the index number rises or falls 20
points, or hundredths. it is estimat-
ed that the cost of living increases
Or decrease approximately 1 Der
cent. In computing the changes in
prices in a quarter an average is
struck from the index numbers for
the three months.
The quarter ending June 80. 1913
has been taken as a standard. The
index number for those three
months was 1888, and the extra
compensation awarded was 25 per
cent on all salaries. As the index
number rises above 1853 or falls be-
low that figure. the extra compensa-
tion is iacceased or Iessened u OF 1
per cent for each 6 points. In the
quarter ending September 80, last
year, the average index number for
the three months was 1916, and the
extra compensation $3.50 per cent.
Thus. in the last twelve months, the
Irving staff has received in extra
compensation bonuses totaling 1877
per cent of the quarterly salary roll,
or an average of 344.25 per cent of
all salaries for the year.
The Washington herald., 1920-04-16
COTTON CONSUMPTION.

Washington. April I5.-Cotton
consumed during March totaled
57s.7o4 bales exclusive of Hnters.
the Census Bureau announced to-
day. as compared with a consump-
tion; Of 4aa.4s5 bales in March. 1913.
Consumption in cotton growing
States was 321,1ss bales In March.
1920. as compared with 24S,2ss m
March. 1915, held in consuming es-
tablishments March 81. 1.s55.430
bales, as compared with 1.46o.ss!; !;
In public storage and at COM
presses s.244.ss5 bales. as compared
with 4.s27.so5 bales; imported 1885,
TAT bales, n compared with 1851;
exported. Including linters. 7s4.l6o
bales. as compared with 5o4.z59.
The report fdk 1tnters follows:
Consuned n March 1o7o. 23.eeS
The Washington herald., 1920-04-16

or the 52.74s,567 barrels OF crude
/ Imported during i91s. a0.S2S,2e4 bar
rcls OF Mexican crude were ran by
renEcrics in tEis country. o..
A prominent Eastern rehner views
the outlook Cor the oil export busi-
moss this year as favorable and ex-
poets . material Improvement in the
foreign exchange situation. Oil Is q
vital necessity abroad. as well as in
This country, and foreign nations
w:ll buy whatever amount they need,
no matter whether general condi-
tions arc entirely satisfactory, in his
opinion. ANY demand for oil above
the minimum absolutely required
will depend more or less on prevail
ling conditions in the foreign ez-
change market and in Shipping IA
icil.ties.
A considerable amount of oil is
finding it's way into Germany, al
though there are no direct ship
ments OF any Importance. 1t is go-
ing by way OF other European coun-
tries. Due TO the financial condition
OF tho country sales are necessarily
limited and largely, It Is understood.
on systcm of barter. However, IL
is said that some German merchants
are paying cash in New York for
oil. Eastern reflne-s who handle n
large percentage OF Mexican oil and
supply largo foreign oil require
ments believe that the Mexican sit.
uation Is steadily improving. A
ne~ development in the oil situa-
tion is the fact that Continent
refined OF, 10 now being shipped to
the Pacific Coast markets. This is
due to growth in the demand for oil
products In tho West
Material increase in output of
crude oil is indicated this year Re-
suits so far from wildcat operations
and the redriiling Of oil fields In tho
Appalachian and Central West fields.
together with the opening up OF new
acreage in Wyoming for develop
ment by the passing OF the oil land
leasing bill. are expected to result
In production more than offsetting
tho decline In the North Texas out
put. Recent compilations In Okla,
homa indicate that this State has
Some undeveioped territory. The
icountry's total production at PRES
ent, Il about l.oso.00o barrels daily.
IT3P decline In the North Texas
ii(zds y moro than ofrsst by produc-
The Washington herald., 1920-04-16
E expansion Foreshadows
Increased Crude Petroleum Outbut

I On January l, 1926. :he-c was
total Gil refining capacity Of $780,
i565 barrels = day IN :his country.
compared with 1.255.115 barrels on
Ja-ra,y /. 1919. an increase OF cas-
$50 tarrcls. There ere now 2s25c3
barrels Of refining capacity under
construction. This includes new
plans, bat no additions to existing
r...nerias. There arc n9w ten oG
companies thst have refining Gu
pacitx Of 45.aoo barrels a day or
rro-c. amoue them a-s Standard OH
cooa2zntes ~ Esw Is-sey, California.
Indiane. ars New York and Atlantic
Refining Companies while the inde-
pendea:s arc Gulf Or Corporation.
Midwest Refining. Sincisir Conso,i-
dated, Texas Company and Union
o.! Company Q: California.
From the +c7.Gac.105 barrels used
In -eHns-ie< in 49,: there we're pro-
duccd approximately S0.e5c. GOO bar
rels of 1azoline. io.sao,S6o barrels
OF Kerosene. 1s2,oe0.oo3 barrels OF
SaS and fGe; OIL. and 1880, Geo bar
r.:s .! lIbricating ell. Beetles n
large Percentage Of wax, coke
asphalt ans miscellaneous products.
Thiu compares WITH <0.5oo. eco bar
rcis oi xasoiire. 3e.0os,ee0 barrels OF
xcrcEeac. oc.00c.aoo barrels of gas
and fuel or. ard :s.4oo.oo9 barrels
ot lubricating c.i produced IN 1916.
IP-o2uction OF miscellaneous" rrcd-
rcts. including .aediclra: ellis. etc,
Increased from 23a.3iA4ss gallons IN
1915 toj.sTS.sss.5so galloas in 1919,
or aSvot aso per cent.
Stocks Of gasoline Increased so
psr cent. 70 s4c.7s3.s3i gallons, dur
ing 1873. Domestic consumption
gained so3. 3.ecs.co9 SALONS. while ex-
ports decreased i3o,c3b.9oo gallons.
Exports OF Kerosene we're $50, ,oos, 900
gAnons larger than In 1918. nrd do
ussz1ic consumption declined So .ooS.-
coo 9silcna Gas and fuel oil do
mestio consumption Increased by
ST1 .eoc. 900 gallons and Shipments TO
Uu1ted States fnsuiar possessions
gAins6 by s3.60o,oo9 gallons. Ex-
ports declined :es.ooo, 900 sailonss
On January :. 1890, 2s1 refiuerias
were operating In the United States
Win q daily capacity of J.5Ss,3ss
barrels Of crude oil. There are uine-
ty-nfns rsflnerfcs now in the course
ef construction. Atty Of them being
built In Texas and seventeen ~
okiahAsa. totaiing le4.s5o barrels
ee ePpsSty. coos5crlsan Ok
The Washington herald., 1920-04-16

Hs" HeioS include all In which
important increases or declines In
output have taken place since tho
nrsI OF tnc year. The daily average
output CT the Kansas. Appalacbian. n.
Seh'ral Western, Wyoming and Cali
Iornla heids has not changed mate
riaiy Activities in the Western
states point to the possible opening
up OF new producing areas although
work mas been hampcred by the Sc
we're weather conditions. prevailing
doring the winter. OIL operators are
especially active in Montana. Utah
and Washington.
The Washington herald., 1920-04-16
INTERNATIONAL PAPER.

New York, April 15.--internation-
kl Paper Company incorr> account
For 1913 shows:
The Washington herald., 1920-04-16

plants operating At the end Of 1919
with 1873 and 1917 follows:
Operating Daily Cao.
The Washington herald., 1920-04-16
MONEY.

New York, April 1s.-1n time
money the situation was unchanged.
Little or no money was available.
and sikas per cent was quoted NOM
inally.
Prime mercantile paper Is mod
erately active with most Of the busi-
ness at z per cent. Prime bank ac-
ceptances are quiet at 5Has per cent
for members. and sk per cent for
non-members. Call loans on prime
bank scceptances unchanged at sh
per cent.
Money on call opened s. low 8.
high Is. closed ~. ruling rate . pr
The Washington herald., 1920-04-16
+STUTZ OPENS SHOP
ON NEW YORK CURB

New Yor, April 15.-rrading in
stock OF the Stutz Motor Company
was started on the curb market
here today. The security was with
drawn from the list of Stock Ex-
change after the board Of gover-
nors declared corner existed.
Prices quoted on the curb We're
800 to $3.50.
When trading was stopped ON the
exchange the stock was quoted at
><oo. : Z,
The Washington herald., 1920-04-16
STOCK DIVIDENDS.
vsshiastsa ssssk xznaass.
opctations fsr iszD 20 dsts.
Furnished By Moorhesd . B1nors.

The following list contains the names OF
most Of the companies which have declared
stock dividends since the Supreme Court de-
cision. with the amount Of the distribution:
The Washington herald., 1920-04-16

bales, as compared with 10.4o1 bales
in March, 1919; in consuming es-
Establishments 2ss,25s bales. as COM
pared with 277.344: in public stor-
age and congresses 417,S2s bales,
as compared with 1ss.Ss7; exported
4,4J1 bales, as compared with 1871.
Spindies active In March. 1920,
|totaled 34,se7,747, as compared with
32,65f.3S6 in March, 1919.
The Washington herald., 1920-04-16
NORTHWESTERN LEATHER co

Boston, April 15.--The Northwest
ern Leather Company has filed a
certificate with the Commissioner
of Ccrporations stating the direct
ors have Recommended stock div
idend of 333 per cent on the COM
mon. The company has increased
the common stock from 100000 to
$2.5o0,0 900. and has increased the
par value Of the shares from $z5 to
The Washington herald., 1920-04-16

ton from the Homer field. which IL
reported yielding $4,000 barrels of
The following table shows pro-
auctioa OF some OF the larger pro-
cueing fields at present, compar..l
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-12-03
ARTICLE TEN
MAY Be CUT
FROM COVENANT 7
League Assembly Con-
sidering Such Action,
1t Is Said

GENEVA, Dec. 3.-Prosentatior
and adoption of resolution eiiminat-
ing article ten from the covenant OF
the League Of nations before the end
OF the present session OF the assembly
would occasion no surprise here, II
was declared In some quarters when
,thc assembly began It's meeting this
morning.
The general committee OF tho
league assembly met this morning for
the purpose OF formulating plans to
speed up the work Of the assembly
with a view to its completion on Dec,
10 or IL, Sir Eric Drummond the
general secretary Of the league. in
formed the committee he believed II
would be almost impossible to COM
plote the unfinished business before
Dec. is or 90, but tho committee de-
cided 1t would attempt to end the
present session by December II.
To this end the committee de-
termined TO urge all the commissions
to get their reports in shape for sub
mission as quickly as possible
A definite plan for use OF the eco
monte blockade against members of
the league breaking the covenant was
unanimously adopted by the sub
committee on blockade. The nom
bcrs OF the commission expressed the
belief that the plan would give tho
league a very effective weapon against
offending members and do much to
prevent serious international disputes
from developing into actual wars.
The members declared themselves
confident that the scheme would be
ratified by the full commission, and
later by the assembly OF the league
Details OF the plan will be published
In few days II was announced. a
public session OF the armaments COM
mission will consider the plan.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-12-03
MAIL ROBBERS
MAKE ANOTHER
LARGE HAUL
Three Bandits in Mime
sofa Get $25, 900 to
$4,000

MINNEAPOLIS. Dec. 3.--Regis-
tered mail unofficialiy valued at from
$4,000 10 $4,000 was stolen today
by three bandits who held suD the
clerks In n mail car OF the Mohrldge-
Minneapolis train ON the Chicago.
Milwaukee and st. Paul road be-
tween Hopkins and Minneapolis. The
bandits eacaped.
Postal authorities, cooperating with
the police OF Minneapolis and 81. Paul.
In a search for the bandits. announced
that a federal reward OF $1,000 had
been offered for the arrest Of each
OF the mon. The postal officials
would not make an estimate OF the
value OF tho 100 pieces OF mail stolen.
II was learned this afternoon that
In the ear ahead OF the mail cur $780,
600 In cash was being transported
under guard OF two men who had
no knowledge OF the mail robbery.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-12-03


WASHINGTON. Dec. 3.-rhc' inNi-
tation OF the league Of nations that
the United States name a delegate to
act IN consultative capacity with
the league commission on armaments
was received today at the state de-
partment. Officials there said the
government had not yet como to a
decision on the question OF repre-
sentation on the commission.
The text Of the Invitation from the
league follows:
''The council OF the league OF ma
tons acting on unanimous recon-
mendation of the permanent military,
naval and air commission of the
league, passed a. It's meeting in
Geneva on Nov. 25, invites the gov
ernment of the United States to name
representatives to sit on the COM
mission In consultative capacity
during the study by the commission
OF the question OF the reduction OF
armaments, u study which the council
has requested the commission to un-
dcrtake forthwith.
Decisions Not binding.
The permanent advisory commits
sion was constituted by the council Of
the league at Its meeting In Rome last
May and held It's first session at San
Sebastian In August. The commission
Is at present composed OF the military,
naval and aerial officers Of states
represented in the council OF tho
league. Its decisions are purely ad-
visory and not in any sense binding
but they represent the common
technical Judgment OF the experts OF
many countries.
ut would, Of course, be perfectly
understood that the presence of the
representatiVes Of the United States
would In no way commit the Amer
lean government TO whatever opinion
may be finally pat forward In the re-
port Of the commission. Nor Indeed
oan tina, report ITSELF be more than u
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-12-03
COLLINS GETS Is
YEARS FOR PART
IN MAIL ROBBERY
Pleads Guilty to Stealing
Pouches at Council
Bluffs

DIES MONIES, Iowa. Dec. 3.-Keith
Collins. one OF the alleged mail ban-
dts, who robbed registered mail
car at Council Bluffs pleaded guilty
in the district court today.
Collins pleaded to an Indictment on
six counts returned thy the federal
grand jury hero. Judge Martin ].
Wade sentenced him to fifteen years
In prison.
The indictment charged Collins
with stealing five mail pouches and
with opening mnil pouches and taxi
ing thcrefrom money and bonds.
Collins was calm throughout tho
hearing, and Immediately being
sentenced wrote a letter to his
mother.
when the case was called, the
court was told that Collins took about
sbO.00O cash and more than a million
dollars In bonds from the postal
pouches and retained about $4,000
cash as his share. or the bonds and
securities about 100000 was burned
II was claimed by Collins. and the
other 100000 thrown into the Miss
ouri river at Council Blufs. Most OF
the cash retained by Collins was said
to have been recovertd.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-12-03
]. S. UNDECIDED whether TO
have delegate ON LEAGUE
COMMISSION ON AREMAMENTS

basis for the consideration by the
members of the league of the meas
ures OF reductions In armament
which united action may enable them
10 achieve.
Want u. $. Represented.
''Nevertheless just as in the case
OF the financial conference at Brus-
sells, the presence of an American
representative whose function was
only that OF giving and receiving in
formation, was an important factor
In the success OF the work of the
conference. so that It cannot be
doubted that the general considera-
tion OF the subject OF the reduction of
arm0mtnts will be greatly facilitated
lf the government Of the United
States can see It's way 10 be repre-
sented in n similar manner at the
meeting of .he permanent advisory
commission.
The problem Is one TO which public
oplrion in all countries attaches the
highest importance.
ut Is unnecessary TO point out that
the reduction OF armament Is es-
sentiai for the well being OF the
world and unless some measures OF
relief can be found by international
cooperation for the excessive tax
alton due to ornaments the general
economic situation must become IN
creasingly worse.
The council In extending this in
vitation cannot but hope that the
government OF the United States,
particularly in view OF the attitude or
America towards the question of the
competition In armament, will not
refuse TO associate itself with the
governments OF the members of the
league In beginning the preliminary
work necessary for ultimate success
and TO lend 10 the present effort an
assistance which can In no way en-
croach upon It's own perfect liberty
OF action
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-12-03
SECRETARY OF TREASURY TESTIFIES
HE SEES NO FEASIBLE WAY TO
FURNISH RELIEF TO FARMERS

Governor Harding told the COM
mittcc he was more apprchcnsive a
year ago over conditions than he was
today.
"a year ago we were living In a
FOOLS paradise" he said. "PrlSes and
conditions were Just as abnormally
high in one extreme as they are now
IN some respects as low in tho other
extreme"
Governor Harding asserted that
there had been no denial OF credits
to agricultural interests and that the
farmers were concerned now about
their ability 20 sell their products and
pay for credits extended TO thom for
the planting of their crops.
Opposes Holding of Products.
Mr.. Harding reiterated his sug-
gestion that the farmers sell part OF
their products for which there Is n
market. even II at a lower price than
they would like TO receive and use the
proceeds to reduce their indebted
ness. This would ease the whole
situation. he said.
The federal reserve board chair
man said he expected to see stabili-
zation in business after the holidays
with either an advance In prices OF
those articles which have fallen sud
denly or a drop in the prices Of
articles which have remained high.
In disposlnE OF It's surplus cotton,
grain and manufactured goods the
country must look to the foreign
markets, Governor Harding. said, add
ing that some way Of opening trade
with central Europe would help the
situation.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-12-03
GOV. ALLEN RAPS
WAR DEPARTMENT.
Charges 'Pernicious At
tempt to Shelve Choice
For Militia Chief

HARRISBURG. Pa. Dec. a.
Without making their expected an
nouncement Of the state capital
selected for next years meeting. the
conference OF governors con, iuded It's
third and last session before noon to-
day and entrained for Philadelphia,
where the executives were TO be the
city's guests for the remainder OF
the day.
Governor Allen Of Kansas. took
occasion before the adjournment TO
warn his colleagues OF a "nernicious
attempt" being made by persons
connected with the war department
at Washington" to have set aside the
choice OF the majority of governors
for :ho post OF chief OF the militia
bureau created ohacr the army re-
organization act He said that moro
than half had signified their prefer
once for Brigadier General Charles /.
Martin OF Kansas. but that circulars
were being sent out from Washington
asking the governors to name a Sec
ond choice.
0htofd flnchoL PennSyNania, for-
estry commissioner. told the gov
ernors OF the need for the conserva-
ton OF timber,
Within a few years he said the
nation would be dependent upon the
forests OF the Pacific coast states and
in the meantime he suggested the ad-
visibility OF deciding whether, when
that times comes the federal Royern-
mont should control the production
OF lumber, or whether this function
should be left as az prestftt. within
the Jurisdiction OF She legislatures OF
Washington. Oregon and California.
Governor Allen was elected an ex-
ecutive committee member, succeed
ing Gov, BaIhberger. Utah. Miles G.
Riley, Madison, Wis, was reelected
secretary.
The meeting place will be selected
by the executive committee.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-12-03

An order wa issued for the sheriff
TO produce them Immediately, but he
could not be found today
The chase remained IN n status Of
mystery today and the principal ef-
forts We're directed toward an organ
lied search throughout the southwest
and extendind into Mexico for Clara
Smith. Hamon. before his death, re-
mained nllent concerning Miss Smith.
who was known as his secretary, and
the circumstances surrounding the
shooting. A young woman answering
her description according to Dallas
chauffeur, declared to him while driv-
ing to Cisco. Texas, that she had shot
a man In Ardmore ana that she never
would disclose the cause or the shoot
ing.
Reports that Miss Smith left train
1t apparently with the intention OF
going to Ell Paso could not be veri-
fiod today. The owner OF cafe In
the town who claims to know the
young woman asserted she had hot
been seen in the city. Sweetwater Of
ficors Expressed the opinion that she
may have passed through the town
In an automobile.
1t was reported that brother Of
Miss Smith was being held by the po-
lice at Sweetwater. These reports
aaid he was arrested while trying TO
reach his sitter with an automobile.