davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-22

wouldn't have been considered well
nigh insane five years ago in suggesting
that Ohio State University build
stadium to hold $4,000 people? The de-
mand forced the supply. SO 1t has been
with other sport awakenings. And in
the distance right now can be heard the
rumble and the murmurs OF the many.
many thousands Of would-be golfers who
are waiting for an opportunity to play
the game at a nominal figure who will
keep three, four and five courses busy
every week end and partly busy during
the week. In the light OF past expert
ence their needs and their desires will
be gratified.
GIencanle's Mig Membership.
Let us take the case OF Gleneagles
Golf Club, situated a few miles out OF
Edinburgh, Scotland. There is one spot
where courses always flourish and at low
rates. But there were irritated golfers
playing over too crowded links. there
wero many others turning to the game
as a restful recreation after years OF
stern warfare. Far sighted men saw
this moving mass and they turned II to
the new course which they built along
with a very fine hotel at Gleneagles
Though the links was In but fair conJi-
ton the most wonderful success has at
tended the club and course. One day
lie st summer over 600 golfers travelled
TO tho links for a game. The dues are
but $40 a year, and there are no fewer
than 1000 members, with another 1900
sure to join before the snow falls an
other year.
II a district not densely populated
could secure that many members In six
months what would happen IL group
of courses could be built near New York
with very moderate dues, say SIS a
year? The dream of the 10000 would
not be far wrong IL would be possible
to pick and choose II necessary. The
upkeep Of three or four adjoining courses
would never take more than one-fourth
of the yearly dues contributed by 10000
golfers. and the money advanced would
be paid back with interest in decade.
Then there would be profits indeed.
This time II not yet ripe Is surely on
the way. II Il was essential IN Great
Britain II is all the more necessary here.
II II succeeded there II will succeed on n
far greater scale In this land. The dis
tant murmurings In a few years and
perhaps sooner will carry to the hnan-
cial powers that be and interest them
in this project of providing for semi
public and semi-private golf on n stu-
pendous scale. There Is nothing suref
in the game.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-22

N TAKE your Christmas present
v something he will be glad to
have-something that viii MI
q real need all the year round.
Nine out OF ten men. for instance.
will tell you that their faces are tender
or their boards arc tough
This is only another way Of saying
that their razors pull and scrape--that
after shaving their faces burn and
smart. 1t Is rapidly dulling blades that
make shaving a daily discomfort for
90 many men.
What more welcome Christmas
present could you give such man
than razor that sharpens itself'
Built right into the frame OF the
AutoStrop Razor Is a simple, efficient
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-22
WISE DEFEATS SUMMERS.

ROCHESTER,. ". Y. Dec. 21.--A wise OF
Syracuse. substituting for Ralph schappert
Of Wilkesbarre, defeated johnnie Summers
Of New York here tonight in fifteen round
bout.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-22
FORDHAM FIVE LOSES.

Fordham University last night lost Its
first intercollegiate basketball. match Of
the season when the Maroon five bowed
% the Brooklyn Poly Tech quintet on
the Brooklynites' court. The score was
36 10 23
The Brookiynites, who hold decision
over Yale. cutpiayea the Maroon from
the opening whistle until the final. The
game was fast and interesting and was
watched by a large gathering
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-22
tIAwI.Ey ELEcTEp CAPTAIN.

WASHINGTON, Dec. 2f.--ffarry r. Haw.
'ey. tackle. has been reelected captain os
rho football team Of George washington
University. Hawiey's home Is In Idaho
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-22

An advertisement IN the Loss ana
Found columns Of THE NEW YORK
HERALD offers real possibility OF
recovering your lost property
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-22

800: Henrlques. Quaker city. s:o5: Hem
riques. 6.ls. Second period -Hil. Quaker
City. 2 $50. Third period-Van Ingen, Yale,
0:2s; Wanamaker, Quaker City, 0;56; Hill,
Quaker City, 5o2; Henriques. Quaker City,
1910. Suhstitutions--Yale-L Foster for
Shiras, Carson for l.. Foster. Reid for Bulk
ley. Quaker City--Soudcr for Crawford,
Clark for Souder. Newlin for Wanamaker,
strubing for Dexter. Referec--John F.
Divine. Philadelphia. Goal Judges-Croes
utes.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-22

On rsrors, stfops.
bIa des, etc, hereafter
Manufactured by us
we shah apply the
trademark "Isiet I" in
sdditfonto thetradeniark
Auto ) trop" as an
addiffonafindfcafion
that they are the
genuine products Of tho
Auto Strop SAFETY
Razor Co. New Yofk.
The Washington times., 1920-09-04
RAILROAD AID
INCREASES DEBT

Federal guarantee of railroad earn
ings resulted in an increase in the
public debt OF S1o1, ,755, 900 during Au-
gust. according to Treasury figures
issued today, showing the nations
gross debt to be S24 1924, ,872.O
Advances to the carriers against
probable deficits during the month
were said by Treasury officials to
have reached nearly $160 900 900. and
on this basis they figured there would
have been a slight reduction in the
public debt had not the earnings
guarantee been in effect.
Payments to the roads in August do
not correctly indicate the amount to
which they will be entitled when a
final accounting for the six months
period over which the guarantee ex-
tended is made. 1t was added. As a
result. the drain on the Treasury
probably will continue for several
months, but officials believe 1t would
be possible to clear up all transac-
tions with the railroads, with the ex-
ception Of the revolving fund. by the
opening OF the new year.
The figures made public today show
redemption OF approximately $2.500,-
900 in Liberty Bonds during the last
thirty days. about t$1 500, 900 of which
were OF the third loan.
The Washington times., 1920-09-04
LOCAL PRODUCE MARKET.

EG0s-Nssrsy. %. average receipts
ttl Southern, b3.
bUTTER-cresmsry %; country,
80 and ~.
EsE-Juns-hels. 81 and 81
new made, 70 and so.
PoULTRY-Aliye Eoostsrs - 10
sSi spriAS chicken. 80 70 20; whits
leghsrns. SO to 30; hens, So TO ~
dressed; fowls. 40 10 az; spriAsers
b 10 50; turkeys. IS to 20; ducks
20 TO IS.
GREEN FBUITs-Apples. new. per
bbl., $50 20 $50; No. ?. per bbl. 400
10 500; lemons. per eox. 100 TO s.So
California oranges. 500 to $50
peaches. per crate. 100 10 $50
NEUTRALITY-SUSPICIOUS. IN o m e.
grown. $50 per bbl.: No. 2. per bbIa
ESQ to 800: beans. per basket, near
by, $50 10 400; beans, per bbl. 400
TO 500; cabbage. per bbl.. 30 to LOO;
peets. per 100. 200 TO 500; lettuce
$50 to 400 crate; corn. lb to 20 doLe.
celery. per doE.. so 90 100: peppers
10 to rs per crate; squash, crate, "a
TO 30; eggplant, per crate, 100 to 1.zb
spring onions. zoe to 800 per 100
bunches: spinach. per crate. 10 to 100
homegrown tomatoes. per crate. 50
TO l25; csntsloupes. SO TO 200 pei
crate; peas, 2.75 to 400 tu.
The Washington times., 1920-09-04
CHEMICAL COMPANIES
MERGER IS APPROVED

NEW YORK, Sept. 4.-Chief execu.
tive officers and large stockh olders
OF the General Chemical Company. the
Solvay Process Company. the Sement-
Solvay Company, the Barrett Com
pany and the National Aniline and
Chemical Company. Inc. have ap-
proveda general plan for submission
to the respective boards. for the con-
solidation of the FIVE companies.
through an exchange OF stock based
on their present capitalizations, as
follows:
PREFERRED.
General Chemical, 8 per cent. par
800. exchanged for preferred, per
cent. 800 par for 500 par.
Barrett. per cent. par 800, ex.
changed for 31IS.6s. par for 800 par.
National Anilinc, per cent, par
800, exchanged for 800 par for 500
par.
COMMON.
General Chemical. par 800 COM
mon, no par, $50 shares for one.
Solvay Process, par 500 common,
no par. 3.l6 shares for one.
Semet-Solvay, par 800 common, NO
par, 2.66 shares for one.
Barrett, par 500 common. no par.
c.39 shares for one.
National Aniline, no par common,
no par, lao shares for one.
Dividends on the common stocks
will be adjusted from July I, 1920.
The Washington times., 1920-09-04
CONTROL OF GOULD
ROAD TRANSFERRED!

Report that the holdings Of
the Russell Sage estate In the
ST. Louis Southwestern railway
have been sold led TO reports
yesterday In the financial district
that Edwin Gould had lost con-
troll OF that railroad. Who the
new owners OF coRtrol are could
not be learned. but II WAS stated
that Mr.. Gould's holdings To-
gether with those OF the Russell
Sage estate for years, enabled
him to dominate the management
OF the st. Louis Southwestern.
Some celor was given the re-
port by the recent strength and
advance OF the eompany's shares.
The road has outstanding si9,-
$4,000 par value OF preferred
and S16.366,100 OF common.
The report that control OF the
road has changed Is expected TO
be reflected at the forthcoming
annual shareholders meeting.
the Tuesday in October. when
changes in the directorate and
official makeup are expected.
The Washington times., 1920-09-04
FADS AND FANC|ES
Invade FRANCE
Come via Stock Exchange and
Bring Fashions Along
With Them.
By BOERsIANER.

CHICAGO, Sept 4.-Fads, fancies.
and fashions are not confined to the
functions Of society, to transient art.
to clothes TO amusements. Now and
then they invade the stern, caIculat-
Ing hard-as-nails realm of finance
and the most inexorable department
of finance. the stock exchange.
1t is absolutely illogical. but wholly
true that the bourse Is the scene of
RACES which would put a fashionable
thoroughfare to shame. At one time
oil stocks Ure in vogue. Everybody
who is anybody moneywise must have
the stock of a petroleum company, or
the shares of several. Not infre-
Quently the infatuation reaches a
temperature where all (from stable
boy to the best balanced banker) will
buy the engraving of a hole in barren
ground In preference to those OF the
Standard Oil companies. A promoter
has only to thrust spade I'M his back
garden. issue stock against the slight
excavation and be sure of a success
ful fotation.
The Washington times., 1920-09-04
NEW ASSISTANT CASHIER.

Gregg c. Burns. who recently be-
came cashier of the Northwest Saw
ings Bank, has announced the. ap-
pointment of william II. Browne,
formerly paying teller at the Conti-
mental Trust Company, as assistant
cashier of the savings bank.
The services of these two bright
young men were secured by the
Northwest Savings Bank, in an in
telligent move to more thoroughly de-
velop its business in what Is regarded
as one of the growing business sec
tions of the city-the neighborhood
surrounding Eighteenth and Columbia
road.
Housed in the new building by Oc-
tober !. the bank is expected to take
rapid strides in general development,
the banking house when completed
promising to be ideal in construction
and for economic administration.
Francis NJ. Savage is the president
charge of of the direction of the in
stitution's work.
The Washington times., 1920-09-04
BRADsTREET's REPORT.
Bradstreet's says:

BradStreetS says:
Trade and industry enter the fall
season with marked irregularity rul-
ing alike in sentiment and in actual
transactions. though the general
statement may be made that buying
is restricted to Immediate needs: that
prices are very generally weak and
uncertain, and that production is
being curtailed or represed pending
a clearer view of trade. which. II is
conceded, will be held down to actual
needs in most of the leading lines.
"As for many weeks past. the So
called apparel trades show the most
uncertainty and lack Of definite form.
with varying degrees OF sympathetic
reflection Of these or like conditions
noted in other lines. some of which
are. however. on the face of the re-
ports. far better situated than those
first mentioned.
"StilI, with all the drawbacks men
toned, it may be said that the ad-
vance of the season has forced de-
cisions to be made, alike by buyers
and sellers. in many lines. that sea-
sonal public needs. alike in food.
clothing and other apparel, house
hold furnishings and fuel, must be
met; that deliveries on old orders are
large, il not liberal, and that, finally.
very considerable business that
must be done is going forward"
The Washington times., 1920-09-04
ARRANGING FOR
BIG FRENCH LOAN
Syndicate Being Formed in
New York by Morgan
and Company.

NEW YORK, sept. 4.-The new
French Republic loan OF sie0. 900, 600
has been practically arranged. and J.
p. Morgan a Co. yesterday sent tele-
grams to investment houses ask Ing
them TO get themselves In position TO
signify the amount OF participation
desired in the syndicate which Is now
being formed TO offer the new securi-
ties to the public.
Formal announcement OF the details
OF the loan are scheduled 10 be an
nounced Tuesday. Negotiations were
practically concluded late yesterday,
following conferences between bank
ers and representatives OF the French
government, but announcement OF the
details D being withheld pending
actual conclusion OF the transaction.
wall street continued to speculate
yesterday regarding the terms OF the
new issue. In some quarters II was
stated that the loan would run for
twenty years and bear interest at the
rate OF 8 per cent annually. II was
also stated that the loan would call
tor an annual sinking fund OF 5000.
900 to purchase bonds UP to . price
of 10 and interest. This latter
feature Is expected to attract the in
vestor, and Is similar to that incor-
poIa'eu 'h wv 'o't DS'h'e" SN'"
ment loan.
Banking Institutions yesterday be-
gan to prepare clients for announce
! ment OF the loan. One large financial
| institution sent a letter to it's deposit
tors which In part said:
France, in the midst of one OF the
most remarkable industrial and finan-
cial recoveries In the history OF gov
ernments, has arranged to pay off al
maturity sl50OO0. 900 of its share OF
the Anglo-French loan, and has asked
the cooperation OF America in re-
| funding the balance. That the ac-
ceptance of this responsibility by us
Is our very clear duty will be recog-
| nized by every thoughtful American.
while friends OF France in this
| country wish that the terms on
| which this loan has been arranged
| might. have been less severe, the
French government appreciated the
necessity OF meeting the require
ments OF an sbnoT financial situa
| tion, and the result 10 long term
| bond of the French republic, bearing
| high rate of interest and having
| additional features OF decided advan-
tage to American investors.
ANDRE Tardieu, formerly French
! high commissioner to this country
has prepared a synopsis of presen,
! French conditions which reflects how
: effectively France is improving her
| economic situation"
The Washington times., 1920-09-04
FRANCE TO SHIP
$S0,000,000 GOLD
First Steamer to Leave Havre
Tomorrow With Six Million
Dollars for U. S.

NEW YORK, Sept. 4.-The first OF
a feet Of steamships that will convey
gold from France to the United States
in part payment for Frances share
OF the Anglo-French loan, will leave
Havre tomorrow, according to a very
high authority.
The steamer will carry approxi-
mately $6.00O.O00 of the precious
meal and is expected to be followed
in the immediate future by a dozen
other cargoes each amounting to be.
tween s5,oOO.O0O and $4,000. 900.
Total shipments OF the gold to be
made by France in connection with
redemption OF the Anglo-French loan
will aggregate approximately $4,000 =
600, about s30,0OOOO0 in excess OF
the total which it was believed two
weeks ago would be sent to America.
Formal announcement OF the new
French loan is expected early next
week. Arrangements have been prac-
tically concluded, all that remains be-
ing the receipt of official confirmation
of the terms from the French Govern
.ment. The new loan Is expected to
be offered at price yielding about
eight per cent to the investor. 1t is
also expected to have a life of twenty
years.
Another cargo OF gold is on the
high seas consigned to New York for
the account Of the British Govern
ment. The amount is declared to be
between $5,000,0OO and $4,000. 900.
Just why the British Government is
shipping the precious metal to the
United States is a mystery to bankers
unusually well informed relative to
the financial plans of the British
authorities. This metal will arrive on
the steamship Port Augusta, due to
reach America next Tuesday.
The Washington times., 1920-09-04
REASONABLE PUBLIC,

1t was a listening, tolerant, reason
ing and reasonable public which de-
cided that necessarily ruinous retaIIa- /
tion cannot rectify present deficien-
cies. The managements OF the rail-
ways had changed in general and In
particular; therefore the public's at
titude should change, and it has
changed.
This change, which assured credit
otherwise adequate equipment and 1T
the same time fair return on money
invested), is what has made the
fashion for railway stocks on the
Bourse.
1t is a fashion likely to abide, since
there are permanent fashions, such as
the silk tile. the dinner suit. In
vestors of the old school are leading
the fashion; they know what railway
values imply when the roads are
fairly treated and accorded a fair
field.
The Washington times., 1920-09-04

July exports to Great Britain to-
tailed $l2S.S94945. compared to $2O6. =
233.021 last year; Canada, sos. .4S4, ,4c3
France, 35s.96l .554; Argentina, S15.-
923,O42: Brazil, sS.I40.Tl5; Chile,
S5235. 100. and Uruguay, s2.211.51S.
Imports from Cuba totslled 311S,-
6S4356; Great Britain, $56.523, 662
Canada, S42, ,72O ,42O; Japan, $50, ,T44, ,463:
France. s16.069, ,695: Argentina, s1s.-
5O2,227 Brazil. 323.122,s00: Chile.
$I524,4s5, and Uruguay, $2,60T.5 .577.
Imports from Germany during July
totalled $40 ,43G,022, compared to S29l -
l66, while exports to that country
reached I2s.Oo5,621, compared to
81. 2.426,1f2 last year.
The Washington times., 1920-09-04
GOVERNMENT EXPENDITURES.

Government expenditures in August
were 1887 ,591 ,062. an increase of $751;
G69,2 ,223 over July, according to a
Treasury statement today. This does
not include a charge Of S100,OO0.OO0
incident to the reduction of the Grain
Corporations capital stock.
One of the biggest items OF Govern
mental expenditure during the fiscal
year was $1,036,672,157 advanced to
the railroads. While further ad.
vances will doubtless be made, n
material reduction Is expected during
the present month.
The Treasury is expected to an
nounce new issue of certificate of
Indebtedness to meet current expenses
soon. This in spite of the fact that
the third installment of income and
excess profits taxes is due September
15. The bulk of income from this
source will be required to retire ap-
proximately s637 100000 OF certif-
Gates maturing on the same date.
March 10 tax payments totales
SOL 8, 900 900. while the total resulting
from the June payments was $780,
900 900.
For the first time in months. Wash
ington bankers state the number OF
Liberty bond purchasers exceed those
anxious to sell. Six months ago small
holders seemed almost In frenzy to
get out from under. Now, attracted
by the high rate OF interest on the
investment, they seem equally anx-
ious to buy.
The Washington times., 1920-09-04
REvERsEs AT HIGHER LEVEL.

"While commeycial reverses remain
at the higher level recently establish
ed. as the August failures attest.
there is an absence Of the serious un-
settlement of which some people had
been apprehensive. and the outlook
seems more reassuring as the weak
spots are steadily reduced. Reasons
for conservative action, however, have
not disappeared. and the policy of
leading interests remain one OF hold
ing commitments within the limits OF
safety and of avoiding undue spec
ulative risks.
divergence of opinion concerning
prices, although not reflecting doubt
as to the current movement of most
commodities, tends to restrict opera
tions. many buyers and sellers being
apart in their views, and demands for
further wage increases complica ted
conditions in some industries. The
problem OF wage adjustment is OBJ
viously associated with the high liv-
ing costs. and the show and irregular
response of retail prices to the de-
clines in wholesale quotations is a
phase commented upon in various
dispatches.
The Washington times., 1920-09-04
mo- RESTRICTION ON
CREDIT TO BRAZIL
Bankers and Shippers Deny U.
S. Interests Have Refused
Brazilian Concerns.

RIO DE JANElEO, sept 4-finan-
eisl conditions In Brazil have become
80 serious and exchange rates so err
ratio that North American banks and
merchants are refusing further cred
It's to Brazilian concerns until the
situation shall have improved, accord
ing TO speakers at q meeting yester-
day Of the semi-ofrieiai commercial
association. II was asserted that sew
ersl New York concerns already had
ordered the discontinusnce OF ship
ments TO Brasil.
The association has requested the
government TO make inquiries in the
United States on the subject
Bankers and shippers in New York
with important South American con-
nections are disincIined. IL is said. to
credit q report from Rio Janerio that
American banks and merchants have
adopted the course OF refusing cred
Its or disseminating shipments to Bra
Gillian concerns pending an improve
ment In the international exchange
and hnancisi situation.
Financial and commercial authori-
ties pointed out that exchange rates
in moving against Brazil during the
last months have tended to discour-
age heavy imports by that country
until exports have begun to equalize
the balance OF trade and reduce un-
favorable exchange rates.
An official OF one OF New York's
largest shipping houses is of the
opinion that, II Brazilian houses were
stacking up on imports, this was OF
their own volition.
II have heard of no disposition on
the part OF American shippers to dis
continue shipments because of credit
considerations" he said.
"As a result of the exchange situa-
ton some of our Brazilian customers
have asked and procured extensions
OF thor obligations for thirty or sixty
days, within which time the ex.
change tide should have turned" he
added.
This shipper said he was inclin ed
to think that credit restrictions II ap-
piled at all. were applied because OF
competition of domestic borrowers, or
only to concerns Of secondary imam
cisl standing.
At one International banking house
II was said that there was no rea.
son for alarm over the situation
which was merely a reflection Of re-
action from wartime infation. on
ciaIs denied that American bankers
borrowers, saying that where re-
strictions were applied it was only
with the purpose of stabilizing ex-
change rates and to equalize the
present unequal balance Of trade.
The Washington times., 1920-09-04
FOOD IMPORTS s.
LEAD EXPORTS

Foodstuffs imported into the
United states during the seven
months ended July increased by
81 300, 100000 over the same Pc
Rod In 1919. while exports de-
creased $500. 900. 900. according to
Department OF Commerce re-
ports.
During the seven months i'm
ports OF foodstuffs totaled ST.
1871 .O9O.93 while the exports
amounted TO S1.l6s s,O9i.700. For
July. foodstuffs imported to-
tailed S232 ,323.OI3 and exports
Sl16,l2J,l ,ll6.
Exports OF manufactures for
the seven months totaled s2.4bO,-
l5.5O3. compared with SI,099.-
595. .7S5, and imports aggregated
81 ,O32. .7I2,69s. against S5Is.365.-
$50. Exports in July totaled
S342,S20,20l and imports $780,
O1O.sSO.
Crude materials for use In
manufacturing imported during
July amounted to s135,734,7l9.
and exports Sl20. .s3O,613.