davidaulloa/AmericanStories huggingface dataset:
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1920-06-07
ANOTHER WARNING

Two men were killed on side
Yalk on Broa Gway. New York, yes
erday by an automobile. in charge
# yorlng girl. She ran the ma
hire on the sidewalk, accidentally
y II order to prevent collision with
lrctler car as she claims.
TIE new traffic law Of this citT
makes II unlawful for children I'M
itg sixteen years CT age to run au-
.o!nclIiies Two well known citizens
+ Alexandria have been killed by
-hc:e modern vehicles. IN both IN
stances the machine had mounted
oGvcmcntS. These fatalities we've
2GiuGgcG 10 he accidents, and they
y h%bly were
The city fathers have endeavored
g anticipate everything which can
ny way tend to cause accidents Z"
automobiles on pedestrians, and j.
i noped all will exercise proper PIE
cations.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1920-06-07

month $l.00 (Which shall be the mini
mum monthly billy
Next 300 kilowatt hours used per
month Sc per X. W. H.
Next 500 kilowatt hours used per
month Tc per X. W. H.
Next 500 kilowatt hours used per
month &c per X. W. II.
All in excess of 1905 X. w. Ii. per
month SC per X. w. H.
On all bills paid within ten days of
date Of bill cash discount shall be
allowed of 5 per cent on the first $25
Of the monthly bill, and per cent on
/ the balance.
IF, at any time after the passage of
this ordinance either party is dis
satisfied with the rate as above fixed,
and the said City Council and the said
Alexandria County Lighting Company
its successors or assigns, cannot forth
with agree upon some other mutually
satisfactorily rate, the party dissatis-
fled may, upon ninety 600 days no
| ice in writing to the other party, cal!
FOR an arbitration, whereupch said
~ate shall be determined by arbitra-
.orS, ore TO be appointed by the City
Council OF Alexandria, one by the
said Alexandria County Lighting Com
oany its successors or assigns, and
he third Tin case Of disagreement
~ said arbitratorsl by the two so APP
pointed; or in the event Of the two
being unable within twenty 900 days
after the date Of the appointment Of
whichever of the two was last APP
pointed. to agree upon a rate, or fail
ing that to agree upon a third arb-
TRAITOR the third arbitrator shall! be a2-
pointed by the then Judge of Copora-
ton Court Of the City of Alexandria.
Virginia, and the determination as to
rate of a majority Of the three 50
chosen. shall be binding upon the
parties hereto their successors or as
signs. for a term OF six months from
me date of such determination. Any
expense incurred for the compcnsa-
ton of such arbitrators shall be borne
o. the said City Council Of Alexandria
and the said Alexandria County Light
ing Company, its successors or as
signs, equally.
The Mayor of the City f A!exan-
dria is hereby authorized and instruct
ed to enter into contract with the
Alexandria County Lighting Com
pany its successors or assigns in or
der % put into effect the provisions
Of this ordinance.
This ordinance shall be in force
from its passage
Daniel K. Stansbury. Clerk.
May "a, 1920 l27-l0c
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1920-06-07
TIE WHITE MANS BURDEN

The action Of the national com
eaitstc of>the republican convention
sbout to meet in Chicagog in exclud-
me- negro delegates from Virginia
md seating white representatives Of
She party brings to mind q long
rain Of history in our common
Realrh. The .sLily White" slogan
5s ancient, dating almost as far back
Is the days CT reconstruction.
The writer, tnen virtually boy.
vas wont to attend ward meetings
ne republicans in Alexandra. Mem
oer5 Of that organization residing
D tire First ward gathered IN
mali frame church little Zion(
Hh:eh was; situated under Windmill
lii!!; the Second warders III a cellar
IN north Pitt street; the ''Third
ward Radicals IS they were called
in ! frame structure left here BY
tho government somewhere in the
vicinity a. ColIc&s. ans. those IN the
Fourth ward IN church which then
Stcca upcn The site Of the colored
0a3 Fellows Hall on south Colum-
bus street.
It VS. realized al that time tina.
the negro. sster having been used
AZ rha rpD,fhi-r.7i organization, was
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1920-06-07

of those unwilling attendants to beg
that their names be omitted in the
reports.
The. negro was odious then to
white members Of the parts; he IS
SO now, AM viii ever be.per
soma ron grsta. The republicans
are ready to accept their votes in
general elections, but that Is as far
as they desire to go with them,
The northern section Of the Uni
ted States clamored for years for
equal rights for negroes, while some,
more radical in their views, demand
ed social privileges fer members Of
the race.
People Of south who visit north
ern cites have often wondered why
people who years ago manifested
so much interested in the colorea
race fail to appreciate them when
they take up their abode with their
pretended frienis. A negro is sell
dom seen: at work in northern hotels
or at railway stations. Americans
who have travelled in EnTland have
noted similar conditions il the land
Of cur ancestors. although a great
an1ount Of the abolition literature
circulated in the United States three
ccrc and more wears ago was sent
here from England.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1920-06-07
AUCTION SALE

Owing to the dissolution Of the
partnership by which the same has
been conducted that moving picture
show conducted under the name Of the
Grand Theatre on King street bctwccn
Royal and Fairfax streets, consisting
CT lease on building. moving picture
machine, cooling system, fans, chairs
and every facility and modern require
ment for the conducting of an up-to-
date maving picture show, will be Of
fered for sale at public auction in
front Of the premises, 316 King ST..
Alexandria, Virginia, on Thursday.
June 10, 1920, at ten o'clock a. m.
Terms of sale: Cash.
CORTLAND H. DAVIS.
Bonded Commissioner Of Sale
VIRGINIA.
In the Clerks Office Of the Circuit
Court for the City of Alexandria.
] certify that the bond required to
bel given by the commissioners Of
sale in the above matter has been
duly executed with sufficient surety.
NEWELL S. GREENAWAY.
1900 Clerk:
The Washington herald., 1920-02-19
LOCAL SECURITIES
Stock Exchange.

WnshtnEten Stock Exchange.
SALES.
Washington Gas 5s. $1,000 at ST., 81. 900
At s5i4. s1.o0o ut s7S.
Capital Traetiop 5s. sf.00o at 93, 81 900
NJ o3. $1,000 at o. Sl.0ao at %.
hlfss Realty Is Oongl. 81 900 az 81
$1,000 at %. $1,000 sfo2. $1,000 at o..
Cobtinental Trnst Co., at li3.
Msrrenthaler. at iS5
Columbia Graphophone pfd.. 10 at 90. 10
nj so%. 10 NJ s0k, 10 at seh.
AFTER CALL
Capital Traction as. $500 at s2h.
washington Gas. - at 4slz. az 46h.
Merfenthaler. L at l35.
The Washington herald., 1920-02-19
HUGE DEPOSIT INCREASE
OF FEDERAL RESERVE BANKS

The returns just compiled as 70
national bank deposits in reserve
ano central reSe-ve cities. as Of
December 81. 1919, COMPARED with
November l.. 1919. show a net in
crease in deposits in these cities
OF slsS.3S5.00o. or the siNty-.ix re-
porting cities. forty-four show an
aggregate increase in deposits OF
s217.Sll.00o. and twenty-five cities
show an aggregate reduction in de-
pesits OF Ss4.52S. 900.
The increase in the three central
reserve cities Of New York. Chicago
and st. Louis amounted to sI3S,-
Sos. 600.
Among tho other reserve cities
there was net increase in deposits
IN the Eastern and Middle States Of
S4N,21 goo. The net increase in de-
posts in the reserve cities in the
southern States was saa.1s3 ooo:
while the Middle Western states
showed a reduction OF sIs.lsSeoo:
the Western States a reduction Of
Ss.SSS.000. and the Pacific States a
net increase OF Sl.5ls.oao.
The ,ities whose national banks
showed an Increase in deposits Of
S5,OOO.oO0 or-more were New York.
SiOS.OOO,OgO; Chicago. 1900. 900;
Dallas s22,0O0.O0O: Phnadeiphis,
sls.a00.OOO: Baltimore. $4,000. .eoo;
New Orleans and Louisville, $40
.OJ 1000 each: Pittsburg. $1,000. 600:
and Jacksonville and Nashville, ss,-
100000 each.
The only cities showing q redue-
.tion in deposits Of 5000. 900 or
more were Richmond. $4,000. 900.
Minneapolis. $4,000. .Oeo: St Paul
and Denver. s7.oOo.OOO each: Boston.
s6. 100000: and Cleveland. $4,000. .Oed.
The Washington herald., 1920-02-19
NEW YORK BANKING
INSTITUTIONS MERGE

After the adjournment of the reg
lIar meeting of the board of direc-
,ors of the Mechanics agd Metals
National Bank in New York yes
lerday, il was announced that a spe-
,iaI meeting of stockholders y had
been called for March %, for the
purpose of voting an increase in
he capital stock from $4,000. 900 to
50. 900, 900. The increase of S3.0O0,-
poo in capital stock will be offered
% shareholders at par.
1t was also announced that il was
the intention after the capital had
been increased to bring about a
merger of the New York Produce
Exchange Bank, with the ultimate
object in view when the program is
completed of having the Mechanics
and Metals with s10,000.0OO capital.
$40. 900, 900 surplus a-H undivided
profits of $5,00O.000.
This consolidation will give the
Mechanics and Metals National
Bank nine branches in the metro
yolitan district. The bringing to-
gether of the two banks under the
charter and management of the Me-
chanicvs and Metals National Bank
had been contemplated for a long
time, and it is now confidently he
Iieved that 1t will round out the or
ganixation in a satisfactory manner.
rhe main office of the bank will
De at 20 Nassau street.
The Washington herald., 1920-02-19
COTTON SHOWS DECLINE
WITH EXCHANGE BETTER

New York. Feb. lS.-Less stability
was shown in cotton today and the
market was unsettled. with changes
in prices erratic and last quotations
we're well below the previous close
Rallies that were brought about by
an improvement in foreign exchange
and a change for the better in the
tenor of late advices from the South
as TO the spot article were poorly
maintained.
Initial quotations were to 30 points
lower on poor cables The break ex-
tended to 3l.D for May. or 40 points
below the previous close. while Oc-
tober showed net loss of Il points.
Selling WAS more aggressive than re-
Gently, while support was not good.
During the afternoon prices became
stronger. with dealings more active,
on covering by the room and pur-
chasing for reaction, helped by
jump in sterling to above $40.
Late in the day the market was
nervous and irregular, with con-
siderable liquidation by March longs
and replacing of the lines BY pur-
chases of May and July Closing
prices were steady, at a net decline
of 25 to 40 points.
Spot here was quiet. with middIine
10 points lower at SC; there were no
sales. Spot at New Orleans was
steady. with middling 1sc higher at
Ss&c. The sales were 1896 bales.
Receipts of cotton in bales at i'm
portant points were: Galveston, 65ss;
New Orleans, 2,42i: Savannah. 2llO:
Charleston. 81; Augusta, s07: st.
Louis, 2,1S4
New York Cotton Exchange prices on cot
ton yesterday were:
Gents per ponnd.C
The Washington herald., 1920-02-19
PENNSYLVANIA RAILROAD
ANNOUNCES NEW PLAN

Philadelphia. Feb. is. Further
changes in the Pennsylvania Rail-
road system, effective March 1,
when the road passes back into pri-
vate control, were announced to-
day.
President Rea explained that in
creating last week the four regions
of the system the purpose was to
centralize much of the executive
detail and simplify the machinery
of management. This will involve
the transfer of a number of officials
heretofore on the general stan at
Philadelphia or Pittsburg.
]. G. Rodgers, assistant to the
president, will be transferred to
Chicago, to be vice-president Of the
northwestern region.
w. w. Atterbury, vice president
in charge Of operations, will have
as his principal staff here c. NJ.
Schaeffer, chief of transportation
]. T. Wallis. chief of motive pow
er; Z. w. Smith. engineer of trans
portation: A. w. Gibbs. chief me-
chanical engineer. and A. c. shand,
chief engineer. a5.
The Washington herald., 1920-02-19
SOLID BONDS
US. DIAMONDS
Fascinating Sparkle Be-
coming Popular With
Some Investors.
INVESTMENT FALLACY
High Grade Bonds Give
Far Better Return In
Long Run.
INVESTMENT FALLACY

The diamond has been popular
among a good many people as a
form of investment The general
price tendency for many years has
been upward and since a diamond
may increase in value while giving
its owner the pleasure OF wearing
and displaying IL. considerable buy
ing of diamonds for investment has
resulted.
II Is worth while in this connee-
tion TO point out the fundamental
defect in an Investment Of this kind.
for there is no better illustration OF
dead security"-as opposed TO in
come producing security. Suppose.
for example. that you purchased a
fine carat stone for $1,000. II you
kept this stone for ten years you
might be able TO sell il at a higher
price. The price Of diamonds huc-
tuates considerably. After the out
break Of the war in 1914 they sold
at prices considerably lower than
they had brought in the preceding
years. first-clsss diamonds bringing
as low as 500 a carat But still
let US assume that there had been
considerable increase in price dur
ing the ten years when you kept the
uiauoho-say oO per cent lou
would be able TO sell your diamond
at $500. a profit Of $500.
Suppose, during the same period.
you had held a soupd. six per cent
bond based on income producing
property. The bond would not have
increased in value one cent during
ten years. In spite Of the fact that
the diamond went up in price 80
per cent and the bond was worth
only par. the bond would be tho
more profitable transaction. for
your interest on the $1,000 bond for
ten years would amount TO Se65 as
against $500 profit On the diamond.
Furthermore, you would have been
able during this time to have the
use Of the 5000 as paid, thus ensbl-
ing YOU to compound your interest
and secure still additional profit.
This illustration aptly shows that
in a true investment the basis Of
value is earning power. The dia-
mond earns nothing; IL may or IL
may not increase in value; its sale
will be dependent entirely upoh the
demand; any such security. there
fore. is a pure speculation ard not
an Investment.
The Washington herald., 1920-02-19
WARNS AGAINST
RUSSIAN TRADE
American Manufactures
Export Association Points
Out Present Difficulties.
REPORTS HEIGHTENED
Russia S Demoralned State
An Important
Factor.

Empha sizing that direct trade
with Russia At the present tins
would be-practically impossible ga
cept under the supsrvision and con-
troll OF the Soviet government. and
in any event would be small In vol
ume. due 10 the demoralixAtion Of
the Russian transportation sys-
tenn and the fact that business trans
actions for some time must be on
barter basis. the American Manu-
facturers' Export Association has
issue Ia warning 10 its members
Cautioning them TO exercise the
greatest care against impeadinE
trade relations with a Russia under
the present Soviet government.
The associatioa realizes that its
members are very properly anxious
to do business with Russia at the
earliest moment that the safety and
permaneRcy-of the business can be
assured. However. the follow ing
resolutions. ipdorsed by the board
Of directors OF the American Manu-
turers Export Association. indi-
cate that in the opinion OF the as
sociation this assurance cannot be
obtained under the present govern
ment.
The resolutions read: There are
many exaggerated reports in re-
gard to dhe amount OF tradtnE
transactions which can be csrriea
on between Russia and the outside
world.
Under any circumstances due te
the breakdown bf the Russian
transportation system there can be
only a relatively small amount OF
business transactions on the basis Of
raw materials for manufactured
goods.
In view OF the published state
ment q the so-cslled Soviet Sow
ernment in Russia. il is evident that
trade with Russia is practically i'm
possible. except under the direct su-
perNision and control Of this Fov-
ernment
Trade Intercourse with Russia
would involve = recognition of the
present Soviet government. which
Is a government directly opposed
10 the American conception OF no.
hticaL social and economical af-
fairs
That the kmerrcan Manufactu-
rers' Export Association warns IA,
members and other manufacturer
10 eNercise the greatest care And
caution against impending trade re-
iatlons with a Russia under the
present Soviet government.
ihat the members of the Amer
can Manufacturers Export ASsoci-
atlon are eager and desirous OF re-
suminE commercial intercourse with
RUSSIA and the Russian people
wheh that country is under sonae
form OF government OF it's own Sc
lectIon which has been chosen BY a
properly elected assembly"
The Washington herald., 1920-02-19
GRAIN VALUES SHOW
SLIGHT DEPRECIATION

Chicago Feb. lS-The grain mar
kets were sustained better in price
today than was generally looked
for. under the feeling that food
stuffs is not out Of line with their
actual value. Corn showed net
losses Of TO lizc. oats were off
lalk and barley declined lac. The
rye market was the weakest OF the
lot. dropping 4a4hc.
There was sensational price
break in wheat al Minneapolis. the
declines there amounting TO Is to
2pc today. Barley and corn also
dropped considerably in the North
west market.
These declines reflected the gem
eral feeling in the trade. Yet when
the marke closed oats and rye were
believed TO be an oversold condi-
tion.
No outside trade worthy of men
tion and local business confined to
narrow limits were two causes for
the declines
Demand for corn was slow. with
sales of only 5000 bushels at a de-
cline OF 2c.
According to a message received
from New York. there were offer
inge IN that market of 5000, OO0
bushels of rye and oats. and the
sender of the message made the
claim that il was impossible to in
terest anyone in these offerings.
Receipts OF oats We're somewhat
larger. This caused general liqui-
dation by the longs and the conse-
quent price declines. Business in
cash oats was next TO nothing.
Sentiment in the provision market
was somewhat bearish. declines Of
35 to 4Oc being recorded for pork.
while ribs were 2lac lower. The lard
market. despite early heavy selling.
was 2lz to SC higher. Buying on
the early declines by shorts. invest
ors and one OF the large packers
propped up the local trade.
Chicago Board OF Trade prices on grain
md provisions YESTERDAY. were.
The Washington herald., 1920-02-19
JANUARY COTTON EXPORTS
ESTABLISH NEW RECORD

Cotton shipments in January es-
tablished a new high record despite
depreciation of foreign exchanges.
the Department of Commerce an
nounced today. More than half the
cotton exported that month was all
sorbed by England.
Experts totalled 's2s,s71 bales. in
voiced at s1s4.ss5.353, as compared
with the former high record set in
November. 1919. of 92i,751 bales
valued At $lsl.309,s72. v.s
The Washington herald., 1920-02-19
FOREIGN EXCHANGE.

New Yorh. Feb. 1S.-Today's for
kign exchange: Sterling. demand,
'i.3T: sterling. cables, 3.37 3-4:. Bank
srs. so days, 3.32; bankers. 80 days.
L3O. France. checks. 1925: cabl'N
.423; Belgium. checks. 1852; cables,
$500 Germany, checks, 1.04; cables
:. .e5. Austria. checks. SO: cables. 40
Holland, checks. Silt: cables.
81 3-S. Italy. checks, 1880; cables,
LS.2S; Swiss checks. 6.12; cables,
SO. Stockholm, kroner. checks.
-s.79; cables. 1850. Christiania. kro-
,er. checks. 1879; cables, 17.40. Co
oenhagen. kroner. checks, 1889: ca
oles. 1880. Canada dollars, S2.55.
The Washington herald., 1920-02-19
MONEY.

New York. Feb. lS.-Money on
all on the New York Stock EX-
.hange today ruled at per cent
al day. Time money conditions
.hOwed no material change, funds
leing still difficult to obtain and
lids for industrial loans were made
Il S1e to 2 per cent, as compared
With s to SI2 Per cent for loans on
mixed collateral. Mercantile paper
-ates were unchanged at 6ls to 624
Der cent for high grade names and
per cent for names Jess well
Inown.
The Washington herald., 1920-02-19
= - : - ----~--~------ -
RAILS ADVANCE
TO new LEVEL
Rumor of 6 Per Cent Earn
ings Has Influence Sec
ond Time.
MONEY AGAIN SCARCE
Raises of Week Viewed by
Bankers as. Temporary
Rally.
MONEY AGAIN SCARCE

New York. Feb. 1s.-Belief that
the railroad bill will go through
Congress with permission to earn
5is per cent and possibly per
cent caused further> covering OF
short contracts in Wall Street to-
day and considerable speculative
buying OF the rails. Some of the
rails made still further advances on
top of those recorded yesterday and
practically all held that advance
rhis buying was also reflected in the
industrials. but there it was chiefly
short covering that was responsible
for the uplift Crucible distin-
guished itself by lending at a pre-
nium and thereby frightening the
shorts to such an extent that 1t had
gross advance of 1SI. points.
Money continued scarce. but re-
newals and call loans were at 6 per
sent. Foreign exchange was not
materially different from yesterday.
Figure Earnings.
SbotASNiSidHs ol W Ndii SIetl dEe III
mad competition to see which can
tEure out first the earning possibili-
les OF the various railroads. The
greatest possibilities for improve
nenf- are in the small roads that
Iave been recapitalized.
There is no question that the ap-
Draisa1s will be a surprise to the
Dublic- IL is known that in many
sases the governments figures are
ar in excess of even the greatest
,laims advanced by the company.
Nobody knows how rich the rail-
Dads really are. OF course the. law
viii not make a difference of rates
mandatory, but common decency
will do so. Now that the roads are
% be operated in such a way as to
INIT their earnings to a fair return
IN the capital invested nobody can
object to a proper readjustment.
Whether they ultimately get into
he hands of the government for
permanent ownership and control is
question Yet to be decided and
or that reason railroad stocks can
rot be considered Investments yet.
put they certainly are most allurlng
sDeculatiVe purchases.
Seen nS Rally.
When one speaks of speculative
purchases in this market il must
De distinctly understood that the
purchases must be made from a
speculative point of view For in
stance the market is strong at the
moment and probably will continue
tdyancing for the rest of this week.
yut there are elements in the situa-
ion that can easily send IL down
20 low efevels-the following week.
indeed some of the most conserva
i've operators in the Street look
IpUn the present advance merely
as L temporary rally.
That all is not rosy in the steel
business is proved by the forthcOmx
ng report of , Lackawanna Steel
which it is understood will show
lOthing at all earned on the stock
or the year 1919. Earnings of the
irst nine months were at the rate
II about Sc share. but the fourth
quarter showed a deficit more than
SipinS out these earnings.
The report of merger to be aC-
.Omplished embracing the Northern
2acific. Great Northern and Burling-
on had the effect of advancing
.hese stocks about three points.
The Washington herald., 1920-02-19
EARNINGS.

McCrory stores Corporations.
McCrory Stores Corporation report sales M
follows
1919 %Increase
Month Of December 81 $50. .s4e o.'v7
Calendar year ....... IL. .4S6, 20J 105J
S. $. kresEe Cotapany.
$. s. Kresge Company reports sales a,
follows:
1870 z Increase
Month OF January 49,. $3051, ,5S5 1870
Jenes Brothers Ten Compauy. Iur.
Jones Brothers Tea Company, Inc.,, reports
the store sales as follows:
:. 1919 :. Increase
Month Of December ...s.si. .5a7, $50 3L0
calendar year ........ .is. .50s, sos = 2i.7o
The Washington herald., 1920-02-19
PARIS BoURSE.

Paris. Feb. 1s.-The bourse had a
good tone today.
Three per cent rentes. IS francs 50
centinnes; exchange on London. IS
francs p centimes: per cent loan. 81
francs Is centimes., The dollar was
quoted at Il francs sI1s centimes. :,
The Washington herald., 1920-02-19
BANK cLEARINGS.

New York, Feb. IS.-New York
clearing house exchanges today
were s73s.sss.s5s. Balance. sss, ,ees,-
ESQ; United States Subtreasury
credit balance. s72s,77e; Federal Re-
serve credit balance; s5s,7eo.S77. Ex-
changes this day a year ago were
1854. 500. $50. u
The Washington herald., 1920-02-19
sss==s== sss===s== NATIONAL. MARKETS :
LIBERTY BONDS.

Liberty bond prices on the New York
Stock Exchange yesterday were:
BASED on deuominatio OF sl0o.)
Yezterdny's Net