davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1920-02-01

the art treasures therefore offered the
only practical course, the bankers and
art dealers insisted. And at this writ
ing negotiations are proceeding on the
basis of the sale of the treasures.
The people of Vienna and other
parts of Austria are literally starving.
DR.. Karl Renner. the new Chs ncellor OF
Austria, has made this statement in q
recent dispatch:
"Child mortality has reached appall-
ing figures, and diseases, such as rickets
and tuberculosis, are sweeping away
the child population"
The Countess Szechenyi, formerly
Gladys Vanderbilt, has described how
an Austrian nobleman, the owner OF a
great racing stable before the war, has
had to stand in line for hours daily,
although scarcely able to crawl, while
waiting for a portion of cabbage soup
at public kitchen.
All this misery has been going on in
Vienna, with untold wealth lying with
in stones throw Of the sufferers. In
the imperial and princely palaces and
museums there are acres Of paintings
by famous Old Masters, equal quanti-
ties of precious tapestries, galleries Of
sculpture, and gold and silver plate by
the hundredweight.
Chancellor Renner has pointed out
the practical way Austria hopes to
save herself from starvation. when he
says,
':Austria is very rich in national art
treasures. The sale Of couple Of our
famous pictures would enable. us to buy
enough wheat to last us until the Sum-
mer."
In response to the intimation that the
Austrian Government wished to sell its
art treasures, a representative Of the
Duveen Brothers, the art dealers, Of
New York and London, went to'vienna
to appraise the objects. On learning
that the Government would not sell
outright, but only wished to pledge the
objects, the Dpveens refused to make
an offer, but 1t is understood that they
still are interested In the matter.
A. Phillips, an art dealer Of Liver.
pool, England, representing - powerful
The Washington times., 1920-02-01
Judith and Holofernss," by Lucas
Cranaeh the Elder, One of the
Most Powerful Pictures
BY This Early Master

y been ranked as the grandest paint
ing of this supreme subject in ex-
istence, and this opinion is held even
by critics who consider the artist
in his other works inferior to Ru-
bens, Rembrandt and other Old
Masters. The conception of the
divine tragedy, the solitary majesty
of the Sayiour's figure, the terror
of the stormy background, the sub
lime pathos of the work, all stamp
it as the greatest inspiration of the
artist, who was ordinarily occupied
in painting graceful pictures of
court ladies and princes.
What Old Master is greater than
Rembrandt's 5 Portrait of My
Mother" in the Vienna Museumf
This was painted in 1859, year
before the mothers death, and
when the artist was at the height of
his powers. Here we have an in
spired presentation of intelligent and
graceful old age, limned by the brush
of the subjects son, and surely por-
traying the source of that genius which,
in the opinion of many connoisseurs,
has never been surpassed.
There is no work Of its kind by Peter
Paul Rubens more remarkable than his
portrait Of Helene Fourment, his Sec
ond wife, in the Imperial Museum. The
artist made several portraits of this
lady, but this one is by far the most
interesting. She is semi-nude and about
to take bath. This is considered a
wonderful picture of jolly, plump,
Dutch woman, fond Of her food and,
wine and all the good things Of life.
There are no less than forty famous
paintings by Rubens in the Hapsburg
collection. The portraits of the EN-
peror Maximilian l. in arnior, and Of
the artist s two sons, are two which are
widely known.
Albert Duerer's "Worship Of the
Holy Trinity" in the Imperial ,Mu-
scum, is considered the greatest effort
to represent this tremendous subject,
The Washington times., 1920-02-01

: Foreign bankers who
were called into confer
ence pointed out that
capital would not ac-
cept the peculiar risks
which surrounded such
collateral for a loan. A
confiagratio:n or seismic
disaster would destroy
them. II the fame of
B Bolshevis m spread
across to Vienna the
museums where they
were exhibited or stored
might be destroyed or
looted. And it would
be difficult to secure
adequate insurance for
such an immensely val
liable collection. The
sale and distribution of
The Washington times., 1920-02-01
THE present Austrian Government
is planning to sell the priceless

"HE present Austrian Government
is planning to sell the priceless
- art treasures In Vienna Of the
Hapsburgs. the dethronesd imperial
family. and Of various p,tincely Aus
trian families in order to sirve the Aus
trian people from starvation. Perhaps
before this appears the. ttrms Of the
sale viii have been definitely settled.
The. minimum sum required by the
Austrian Government is $5O,0O0,000.
The Austrian authorities preferred
to pledge the treasures to some foreign
nation or city as the basis for loan,
with the understanding tn lat these art
objects would be returned eventually
to Vienna. But it was made very
plain to the Austrians that nobody
would be likely to advance . great sum
Of money upon such security, and that
the only course was to sell the art
treasures.
The Washington times., 1920-02-01
Interesting Negotiations to Sc
In the Imperial and Other ]
Including l7l7 Famous II
Priceless Sculptures
Gold and Silver Plate by the
Hundredweight, Worth
Hundreds of Millions

syndicate Of British capitalists, has also
visited Vienna and examined the collec-
tions, and declares that his syndicate
will pay $4,000, 900 for portion Of the
collections if the allied governments
approve. American and French syndi-
Gates are also in negotiation for the
treasures.
Vienna's collection of art treasures
can only be compared with those OF
Rome and Paris. Those of all other
national capitals are considerably less
in magnitude. Vienna has been great
centre of civilization for about a.thou.
sand years. It was an opulent city
when Berlin was an unknown hamlet
and when even London was outside the
great current of European culture.
The chief depositary of Viennese art
is the immense Imperial Museum IN tie
Ringstrasse, containing sections devot-
ed to all the principal forms Of art.
This vast collection is based on the
treasures amassed by the imperial
Hapsburg family during more than
four hundred years.
In addition to the Imperial Museum
there are the collections in the imperial
town palace called the Hofburg, the i'm.
perial palace at Schonbrunn, outside
Vienna; the Belvedere, Czernin, Liech.
tenstein, Harrach, Pallavicini, Schon-
born, Kinsky and other palaces in
Vienna. The art collections in all these
palaces are famous, and the Austrian
Government is prepared to pledge or
sell the whole of them in order TO re.
Geva ifs pacecsifiac
The Washington times., 1920-02-01

perial Museum 1,717 Old Masters
Among them are paintings by all the
masters mentioned, including several
works, such as Raphaels Madonna
del Gardino" and Rembrandt's "Por-
trait Of His Mother" which would
probably be ranked higher than those
for which the purchase price is specified
The average quality of the Old Mas
ters in the Imperial Museum is stated
by experts to be very high. If we give
them an average value Of only one
fourth the price paid by Americans,
we find that the works in Vienna are
likely to be worth $92,500 apiece--a
very modest valuation.
As there are I'LL Of them, this gives
us the astonishing total of $158, S22 500
for the pictures in the Imperial Mu.
scum alone.
But this takes no account OF the gold
and silver plate, the sculptures, the tap
estries, the Jewels and the other objects
in the Imperial Museum II takes no &C.
count also Of the other imperial. arch.
ducal and princely collections in vi
emma, Of which the Austrian Govern
The Washington times., 1920-02-01


And what are these treas
ures worthf No human be-
ing can say with even ap-
proximate accuracy.
But it is possible to form
some conception of the
value of the Vienna collec-
tions from the prices paid
for Old Masters of similar
standing by noted Ameri-
can collectors.
The late j. Pierpont Nor
gan is understood to have
paid $350,0O0 for a great
Raphael, "The Madonna of
st. Anthony Of Padua."
The late Henry c. Frick
paid $5O0,OOO for "The
Polish Rider" by Rem
brandt, and 100000 for
"Philip Nv. of Spain, by
Velasquez.
The late P. A. B. Wild
ener paid 81, 100000 for
three Rembrandts, includ.
ing an especially noted one,
"The Mill"
The average price paid
for these seven great Old
Masters Of the first import
ance is seen to be $4,000.
Now, there are in the I'm
perial Museum LII Oh
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-02-24

doubtedly took a great many by sur
prise, for in view OF the rapid passage
Of the railroad bill aud the remarkable
and favorable statement of the Federal
Reserve board continuance Of last
weeks forward swing was looked for.
The unexpected reversal of the market
provoked considerable selling by many
who had been holding for a wide and
higher opening and who quickly let go.
The technical weakness of the market
position was indicated in the severe de-
Clines registered in the early dealings.
Within the first half hour losses Of
to S points were made by General
Motors, Crucible Steel, Republic Iron
and Steel. Baldwin Locomotive, Amer
ican Woolen and Royal Dutch.
Supplementary losses of . to points
during the unsettled morning embraced
United States Steel, Bethlehem Steel,
Mexican and Pan American Petroleums,
American Locomotive, Studebaker,
United States Rubber, Endicott John
son. Retail Stores aud American Inter
national.
Rails of the better class were to 2h
noints lower, but minor issues responded
10 renewed buying, especially Rock
Island, New Haven and Baltimore and
Ohio.
Irregular rallies followed publication
Of the favorable export trade figures for
January. These were Cancelled before
noon, however. General Motors and
Crucible Steel leading another reversal
Pressure eascd for time at midday.
but new spots OF weakness were uucov-
cred in coppCrs, equipments and motor
specialties. Low grade rails mean
while continued to move forward,
grangCrs and coalCrs making further
gains under lead of st. Paul common
and preferred and Baltimore and Ohio.
The list industrial and rail alike.
continued to sag in the last hour. The
latter in numerous cases, lost all or a
substantial part of the earlier gains.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-02-24
CURB STOCKS ARE
IN GOOD DEMAND
Homer Field and the Silver
Issues Among Most
Active Of List


New York, Feb. @4.-The Broad
street curb market showed steady
tone, when the pressure against the in
dustrals of the stock exchange is taken
into consideration. nearly all tho curb
stocks being in good demand at moder-
ately lower levels and rallying easily af-
ter declines occurred.
The Homer Field stocks were among
the most active features again. Sirms
ranging from i5a4 to 3ila and then
moving up TO above .. White Oil.
after falling from 29i2 to 2Sa4. re-
covered all its loss.
There was good demand for the sill
YER stocks. which were exceptionally
strong. Nipissing selling at II. DeBccrs
was steady. selling at IL TO II.
Genera Asphalt ranged from 81 TO
S412. General Motors yielded from -
to - on fair amount of trading.
Cities Service was one Of the weak
features, falling from 40 to 39II, and
Carlb syndicate. after falling from 33&
to 30 ?, rallied to above 80. North
American Pulp was in scant supply, n
small amount selling at 8.
British American Tobacco Co. con
tinucd firm with sales at 1919 and 1917.
GOldwyn Pictures was another weak
feature, declining from 2s 10 26I6,
lnired Retail Candy ranged from 15f1
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-02-24
Of
MARKET CONFUSING
IndustriaIs Softer Spots, but
Whole List Slipped Away
Under Pressure

New York, Feb. 24.-Tho New York
Evening Suns closing financial review
today says:
Business in today stock market was
Il performance of confusing and con-
Trajectory tendencies which threw little
light on the real influences az work.
Factors arising from news developments
pulled this way and that and between
them tho bears utilized every oNeninG--
and they were not fcw-to raid the
list.
In general il may be stated that tho
iudustrialS were weak and the railroad
issues strong. although there were eX-
ceptions in both cases. Trading was con-
Quoted on q moderate scale, aud as far
as tho industrialS werc concerned was
mainly of a professional character.
Buying of the rails, based. of course.
on the prompt passage of the Cummins-
Esch bill in the House and Senate and
the likelihood Of the President signing
il as soon as the measur" has been
passed upon by the attorney general.
came from the same sources as iust
week that is 20 say, from those who
believed that their investment and specu
lative value could not be lower than
before and may become much higher.
and from those who had sold to estah-
lish losses for the federal taxes Of 1919.
But. as a matter Of fact, save in
few issues like Baltimore and Ohio. st.
Paul. RradiuG. Rock Island, Now
Haven and Atchisou, gains were not
large. II was perfectly evident that tn"
movement Of last week had been largely
in the nature Of discounting the action
Of the Congress and the probable rours"
Of III" President.
The principal influence, Srntimentally.
was that a law would be on the statute
books n serv" as crutcheS for the road-
when government control shall have
been withdrawn. Some profcs>cd t. BE-
perturbed because Of tho extensive
INwers conferred on the Interstate Com
Inerce Commission, but for six months
Il least those powers will be only nomi-
Ial. and the interval may do much to.
ward ullaying such fears.
one of thc most telling factors in de.
rr"sSing the industrialS ut the outset
" as tho drop in the foreign exchanges.
Preliminary figures for sterling had
sight drafts op London selling at
S%.35it. hT" this was an "XHggeration
which vas quickly corrected BY Il rally
- $3.%S. CDscttlemcnt enSued on pub
Iratiun "f III, foreign trade figures for
January. which disclosed an increase Of
enc $40 600 600 IN exports Wherc a
dorrcuSc was looked for because of re-
Tort, - RI" backing up of shipments
TO Europe, aud an increase in imports
f 80" 900 600
WLilo thi, showing worked for uu-
settlement IN tho exchanges it tended 10
~titfru rhc stock list. but not for long.
There was u recovery in the first hour,
bur thereafter prices SliDppd AWAY once
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-02-24
AMERICAN STORES .STPONc i
SPOT OF LOCAL. MApEp,.
General List Stood Up Well in Face of Surrouud;rn
saouanbuJ Sun ''S''
saouanBuI Su,

American stores was the feature OF
strength of the local market, making a
new top for the year at 4312. This was
gain Of $3.50 over Saturdays low
price and recovery OF SO within the
past fortnight. The stock was in good
demand at the outset, disclosing a very
scant supply at the current. quotations.
The confident character Of the buying
the last few days would seemingly in
dicate q change Of heart on the part
Of the directors concerning the innugu-
ration OF dividends. In fact, It was
limited this morning there was strong
probability Of the board authorizing
an initial payment at the next meeting,
which occurs in the early part of next
month.
The movement. however. in American
Stores was independent of the general
list. Considering the natural depressing
influence Of the fresh shakedown in
New York most of the local shares
stood up we'll. What price changes
were made were confined to frac-
tional limits, with the larger percentage
showing small gains. Dealings were
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-02-24

small, but the tone ot A. ..t
'aken as n whole, was good market
Among the few move5oot. No.
comment s. n was the fairly activ" "O.,n, Of
IN pennsylvania Railroad .s ,s, trading
s taken at 4a to 4sH. On "s'.n tss wa ""
nond, continued liquidation csr,,.Si, ,rS SthN
insurance Company Of No,th I'','ed The
Warrants Sao,, to a new low level At ASe'''' s,I
decline decline, Of 10 cents, while tSo ~ "a,
yielded 80 cents to 20 'ne stock
small offerings of Au,
caused a decline Of ssg,''can =, Ga,
United Gas Improvement %I 81 70 Sc.
supply, but was we'll taknns was IN fteer
Philadelphia Rapid Trons;n.e nen at 5Ss,
9e 99eeiPhla Electric were a sbsdon dnnI = Phila
2fs ana 20, respectively. ~1ter a.
OF Philadelphia Traction vos small sale,
t9OA, or under tho nro,'; my,g made at
lake superior Corporation ',,ous ,o, sale
nad supporting orders and apparently
ta1ned at In, after dipn;nc W. was su'.
Inc reserve position Of H. " pii,n.
phla- Clearing House institv.ir r rniladsl,
materially y strengthened last .ons IONS was
cSording to the weekly statcrk, mcek, sc.
iished today. This showcd ne pub
so s5e FEDERAL onl Reserve Bank 'iiServe iSore !.
ot'V00: while the excess rs.srII .ansrcaSed
raised raised -, ,Go3,0 900, bringing tHhServc tho We Ta
aoooVe legal requirements in ~ ' 90 ssuSrplu'
oOo: Loans and discount " so'o@
contraction Of only S151 'Oo0 showed ued a.
uiyrdual Ia deposits fell of 81 ,03s sSG.S ono IN
Al. Inc showing, while more CVvv. encn,;v.
than that of the immediate tsg,o' n,.ng,o'
weeks, however, left little TO- vrVon'
nope OF any material improvcnO,..nn O.n i?r
me local money situation. SuncrsnuiI.ni y
tne statement would seemingly ;rsi.aIIE
very SLOW progress in the adius,mCun.t.a
the credit situation. ''U'''nent c'
some interesting facts wcrc h,,n,
70 nght IN connection with tbe vusn, ,o
OF the Lehigh Navigation Co., nv nrsreptIi repo'i
day. This disclosed out Of ling tbn sJS, %.
shareholders, 347S. or So rcr cor. nr 'os
women. The company has bccn n,-t az
dividends continuously for thrr r'S",
thirty. nine years, and the annmo, a. M
trloutlon over the ninety eight ysa., os
existence of the company as a corna.0 SvSr'
tion has averaged approximatclv SVIa
cent. This does not include rho uir pu
stock subscription privileges. ri.b,y r%Ia
per cent of the stockholders arc II ;s,.H u.
under 100 shares, while only 8 nor csr, ."S
own 800 shares and over. The ryS ro,,.;o. stO
directors and officers were all re rloc,"S
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-02-24

CROSS CURRENTS KEPT
MARKET VERY UNSETTLED
Passage Of Railroad Bill Offset by Unauoruble Shouting Of
Federal Reserve Bank Statement

New York. Feb. 24.-Today's stock
vas heavily charged with cross cur
rents aS result Of the conflicting de.
velopments over the double holiday. The
rapid passage of the railroad bill by
both Houses Of Congress was counter
balanced by the unfavOrablc showing of
the Federal Reserve Bank statement and
the renewed weakness of foreign ex-
change.
The Federal Reserve Bank of New
York, according to last weeks state.
ment i3 below the statutory minimum Of
reserve for the first time since the cs
tablishment Of tho Federal Reserve
system. The law permits the board may
at its discretion suspend reserve re
Qulremeuts for thirty days but shall fix
U graduated tax on the amount of the
dehcit below the required percentage
In the opinion of professional Wall
street this toreshadowed higher money
rates and more stringent money market
conditions. This argument was not
borne out by the 9 per cent renewal rate
fixed for the call loans.
In all events the resumption OF trad
ing after the double holiday found the
market in very unsettled condition.
Instead Of II heavy accumulation of
buying orders, the opening disclosed an
overwhelming amount Of selling In
some quarters, notably the higher priced
industrial specialties, there was every
evidence Of genuine liquidation, which,
ut intervals during the morning, ap-
peared to be Of quite an urgent char.
actcr.
Possibly the early unsettlcment of the
market was due primarily to free sell. O..
ing by the professionals. on the old
established market theory that with the
good news out, the market was u sale.
There was unquestionnbly cousid
e-ablc volume of realizing sales all
trials but in rails as we'll. The latter,
as a whole, put up more resistance than
the former.
The weakness at the opening un-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-02-24
NEW YORK COFFEE MARKET

New York. Feb. 24.--Aft"r 'a' c,u
steady March liquidation sent that
month oT 70 14.01, or % points below
thc previous close. but later rallies cur
ried il up or d points
Operators who bought last week " ere
selling this morning. and it vas thought
that some Of the local bears we're again
bringing pressure on the market.
II was pointed out that receipts at Rio
were running very full and that might
indicate that the crop would be much
larger than estimated
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-02-24
aurrER. EGGS AND CHEESE

Now York, Fe6. 24.-BUTTER. Unsettled
Receipts, 1911 tubs, Creamery higher than
extras SO d 66H c; creamery extras, o. score.
81 a 66H g Hrsts. So 70 81 score, bsaG4h c;
EGGS. Unsettled. Receipts, ~ $50 cases
Fresh gathered. extra hrsts. 90 y 6Oc. hrsts
80 q $50; state, PENNSYLVANIA and nearby
western hennery whites. hrsts TO extras "a
"a dSc state Pennsylvania and nearby hen
browns and mixed colors. nrsts 10 extras,
6S a 62c
CHEESE. Irregular. Receipts. 23nG
boxes, State. whole milk mats, held, specials,
2etS % Sic; DO. average run, 2S 29c; stat,
whole milk twins held, specials 20 n 3Oc
DO, average run. @sg2shc.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-02-24
FOREIGN EXCHANGE

NEW YORK. Feb. 24.-Opening
quotations in the foreign exchange mar
ket indicated weakness in the entire list,
with the exception OF guilders which
were a shade stronger.
Quotations were:
Demand sterling 3.35A, checks 1856;
franc cables las, checks 1880; lire
cables 1898, checks 1S.40: Belgian
cables 1870, checks 1872; Swiss cables
6,1S, checks go; guilder cables 379s,
checks 37lt; pesetas cables II. 40,
checks 1870; Stockholm cables 1880;
checks 1915; Christiania cables 17.15,
checks 1900; Copenhagen cables 14.90,
checks 1915; marks 1.0J.
During the afternoon the market held
fairly steady with the exception of
guilders, which were weak at 38Ts for
checks and 371s for cables. Demand
sterling was quoted at 3.3S and cables
at 3.3Sa4. Franc cables were 14.13,
checks 14.i5; lire cables 1915, checks
1917 and marks 1.06.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-02-24
Proposals
WILLIAM <RANIP & SONS SHIP AND
ENGINE BUILDING COMPANY


PidslIty Trust Company. formerly Tbs
ridelitv Insurance, Trust and SAFE Deposit
cempanyl. TrustGp under MorEas9 q tho
BniidIng Company, dated March !. 1899,
invites tenders or proposals. for hon9s Issued
lsden,ption proposS,s io sHs 0RssJHsd sJd ana
r,ars sw,srSS vmaso on March End 1890 at -
TipEIiTY TRUST COMPANY. Trustee,
VIM, Gest. President
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-02-24

vices was conflicting, there was no
pressure Of consequence from that
source.
Receipts of cotton at the ports for
the day were estimated at c6,6Ol bales,
compared with 22,755 bales last week
and 13. AIS bales last year.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-02-24
SELLERS TURN BUYERS
WHEN COTTON RALLIES
Prices Move Up 20 to rs Points
From Lowest Of Day on
Covering Movement
COTTON BELT WEATHER CONDITIONS

COTTON BELT WEATHER CoNnITIoEs
emSSrotar"1 ~ H we're 81 RECORDED in ths S";;oS
belt this morning EashviIle, ~ Abilene,
70 Rock tos go s KnoRviie T q; GHattan@osa a and
HG1eCG'Ai Ton. 20: Augusta and Macon. ~ MERIDIAN
Pensa cola and Montgomery. %; savannah,
Antonio. 50; Tampa, O.: Corpus Christi.
B8 New Orleans and Galveston. ds. There
was O2 inch Of precipitation AZ Atlanta.
"a at Macon, .O6 at Chattanooga. .l9 at
Vicksburg Is at Augusta. 20 - Mont
Eomery, so at Jacksonville 20 - Knox
Vile.
New York. Feb. 24.-Th" cotton
market continued very quiet during the
early afternoon but ruled slender on
covering, with prices showing rallies of
some 20 to % points from the lowest.
II looked as though some Of the early
sellers were among the buyers on the
advance. while there was some buying
~ July for trade account.
There was no change in the general
news. hut the technical position Of the
market seemed to have strengthened on
the carly decline aud, Wbilc spot nd d.