davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-04-12
Yale's Hunt for a President

resignation President Arthur Hadley adds Yale the
already list OF universities seeking competent directors
When the of office he will teaching
nomcs and theories of railway administration and the ancient
Connecticut school of learning will with
hand the helm and eorganzed scheme of administration
already planned for and forced through by the alumni
Yale conditions and of the university
will mark end of the of inbed
ing by which president after president has been chosen from limited
circle of academic and theological elite usually New Haven born and
Yale They the democrazed and less
emphasis palat plant" and the who
teach their adequate reward They the entire uni
vey Connecticut the University of Illinois Illinois,
directly relating itself the whole life of all the people, the
newly created and amply endowed Yale School of Pedagogy plan
to do in harmony with the State Board of Education
They the domination of the institution by exclusive
societies They the of Ehu Yale thrill
with interest social political and intellectual prob
students universities
lges do today They tired having the charge brought
the older universities Of the East that they Of eacona
thinking their barred ideas
ideals
Yale praying for leader with
positive personality distinct institutional social
a modern point of view.
The Washington herald., 1920-04-12
Army Orders

The following officers are honorably dis.
charged as colonels: Francis n Cooke
Coast Artillery Corps: Alfred Aloe. United
States Army; Richard c. BurIeson. Field
Artillery.
The following officers are honorably dis.
United States army; Carlyle II. Wash, cav
airy.
Leave OF absence granted First Lieut.. An
drew s. Messick, Field Artillery. February
%. 1870, is extended fourteen u4) days.
Brig. Gen. William d. Connor. upon e1.
piration Of his present leave Of absence.
will proceed to Camp Humphreys. Va. and
assume command Of that camp and of the
Engineer School.
Second Lieut.. Max &. witt, infantry, 4.
honorably discharged from the service.
First Lieut.. Munsell Lee Adair. Medical
Corps. is honorably discharged from the
service.
I. Leave Of absence granted Capt Paul w
York. infantry. is extended fifteen 10!
days.
Leave of absence granted First Lieut..
Francis c. Lewis. infantry. is extended four
teen 14 days.
Col. william 8. McNair. Field ARTILLERY.
upon the completion Of his present duties in
connection with the classification Of officers
Of the regular army, will return to Camp
Bragg. n. c.
Lieut.. Col. Robert Vans Agnew. vetcri-
nary Corps, upon being relieved by Mai.
William c. Van Allstyne, Veterinary Corps,
will proceed to Chicago. Ill, and report to
the zone supply officer, Zone No. Z. for
instruction in meat inspection.
Col Thsles l.. Ames, Ordnance Depart
ment, is relieved from duty here and will
proceed to Springfield. Mass, take station
there, aud assume command Of Spring field
srmory on April Is.
The Washington herald., 1920-04-12
HOLD HEAD HIGH.
BY ROGER w. BABsoN.

Magnetism Is one of the greatest
factors for making q success. We
see people on every hand who arc
rising to positions Of respect and
prominence through personal mag
netism. There are some people whom
life cannot place so low that they
will not rise. Nothing is q barrier
to a strong magnetism backed by
q resolute will.
If We select the illustrious names
OF both past and modern history,
We find that they are usually of
men and women who have come
from poor and unknown surround
ings. Personal magnetism brought
them into the limelight and made
them famous actors in the drama
OF life.
To be forceful and magnetic, you
must have faith in yourself without
conceit. You can't expect others
to have confidence in you il you
have no confidence in yourself. You
can't expect others to follow you
unless they know you are unselfish
and sane. Know your real self.
which is your best self and a part
of God. Be your real self at all
times and don't try to ape some
one else, however attractive. You can
be just as attractive. and more SO,
IL you have faith In your own soul.
Awaken self-knowledge. self-reli-
ance and self-control. Hold your
head high and go courageously forth
like q conqueror.
The Washington herald., 1920-04-12
r. w. w.

accepts" it by signing his name as
drawee and indicating the place of
payment. The acceptance is then re-
turned to the sellers. II the latter
is not in need OF funds he may hold
it until a few days before maturity
when he deposits 1t for collection.
On the other hand IL the merchant
Is in need of ready funds he can
sell the acceptance to his banker
for its face value less a discount.
The operation of the Federal Re-
serve system by rediscounting gives
a means of absorbing such short
time paper as the banks themselves
cannot hold.
Double Name Paper.
The trade acceptance Is a double
name paper signed by both drawer
and drawee. The buyer of the goods
by his acceptance of the debt con-
stitutes the first liability while the
sellers name bears tho reation OF
an Endorsement
There is no question but that this
method of settling term accounts of
fers many advantages to both buyer
and seller. For the buyer II i'm
proves his credit standing, enables
him to buy goods at a better price.
enables him to keep better track of
his obligations; for the seller II fur
nishes a liquid asset in place of the
non-liquid book account. It enables
him to do business on less capital
and reduces overhead charges. 1t
guards against losses, disputes and
bad feelings. Besides, 1t is a much
more businesslike procedure. No
buyer who intends to pay for his
goods at the end of say sixty days
should object to signing an accept
ance obligating him to that pay
ment. 1t further promotes more
careful buying and discourages over
buying.
1t is the hope Of the American
Acceptance Council that plans may
be developed whereby somewhat
similar transactions In connection
with New York Stock Exchange
sales will do much to discourage the
many evils of the call money mar
ket. The present laws allow any
rate of interest to be changed from
day to day or Stock Exchange de-
mand loans while to charge per
cent I'm New York State on a time
loan would constitute usury. BY
tho use of term settlements for
Stock Exchange transactions. much
OF the money now borrowed on call
loans could be Transferred to a time
loan basis.
The Washington herald., 1920-04-12
The Trade Acceptance--WhatHL
And Its Effect on Trade and Finance

The recent publication Of reports
by special committees of the Amer
ican Acceptance Council calls atten-
ton to a method OF settling term
accounts which is fast gaining in
favor in this country.
In it's simplest form, a trade ac-
ceptance is a substitute for the open
book account between the buyer
and the seller. In the great ma
jority of mercantile transactions in
this country the sellers invoice Of
.fers two options to the buyer: CD
Cash payment in from two to ten
days with a discount or CD q final
settlement at the face value at the
end of thirty. sixty or ninety days
as the case may be. II the buyer
does not elect to pay cash the seller
must carry the account on his
books until maturity. This means
that the seller must in the aggre-
gate carry large sums of money on
his books. II he has to borrow
money the lender usually requires
him to show a margin of not less
than two to one of current assets
including these accounts receiva-
ble.s- In other words, the money
tied. up in open book accounts can
not be quickly converted in liquid
assets. Furthermore, the buyer
often abuses book account credits
through neglect TO pay promptly
and disputes. bad debts and losses
not unfrequently result.
Provides Liquid Credit.
To avoid these conditions and to
provide form of liquid credits
there is rapidly coming into use the
instrument known as the trade ac-
ceptancc. The operation of this Is
somewhat as follows: The sellers
invoice still offers the buyer the
choice between cash with 4 discount
and the usual term settlement. II
the buyer pays cash, the transaction
is, of course. closed, but IL he elects
to pay in thirty or sixty days, he
signs the trade acceptance which
accompanies the invoice. The trade
acceptance is a bill of exchange or
a time draft drawn on the buyer
and upon which the buyer has
acknowledged his acceptance of the
debt and the time and place of pay
ment.
The trade acceptance is made out
by the seller of the goods and bears
his signature as drawer. 1t shows
the net amount of the invoice and
the date of maturity. The buyer
receives this with his invoice and
The Washington herald., 1920-04-12

mention some of the best-known-
are nowadays regularly described In
private and business eorrespondence
and 80 designated on letter paper
and Advertisements N. respectively,
Ego. Tea and You streets. The Dis
trict postal authorities encourage
the practice Of so Distinguishing
them. No one has yet tried TO pop
ularize Gee" -Jay" or Queue
streets.
Recent functions In washington
have established beyond all ques-
tion that dry banquets are duller
than ditchwater. Some OF them
were so tedious that II was decided
to call them of as annual affairs,
pending modification Of the Vol
stead act. II is Q strange thing
that public dinners not only have
become duller, but dearer. 1t once
was thought that banquets with
out wines would be correspond
ingly cheaper. The exact opposite
has happened. Hotelkeepers. seek
ing to make up for lost drink
profits. are more than recouping
themselves by higher charges per
plate.
William G. McAdoo. whose Demo-
cratic Presidential stock Is quoted
higher in Washington at the mo-
ment than that of all party rivals.
is said to have resigned the general
counselship of the film-stars' syndi0
cate. His friends explain that hav-
ing left the Secretaryship OF the
Treasury to pay OF some debts and
pile up something extra In the
bank, Mr.. McAdoo decided, his pur-
pose accomplished. to take things
easy.
1t is understood that lucky oil in
vestments rather than his fees from
Douglas Fairbanks, Mary Pickford
and Charley Chaplin. enabled the
Presidents son-in-law to get rich
quick. 'McAdoo and Cox" Is a popu-
lar Washington Democratic ticket.
Mrs. Hampson Gary. wife Of our
newly-appointed Minister to Switzer-
land, is probably the only woman
who witnessed the new Armaged-
don"-Gen. Allenby's brilliant oper-
ations on the field Of the original
Armageddon, which led up to the
capture of Jerusalem. With her hus.
band, Mrs. Gary happened to be q
guest at British headquarters In
Palestine on the day of the decisive
engagement. Asked from what point
she viewed the battle, Mrs. Gary
said to a friend In Washington the
other day: From a rocking -chair
on the Mount of Olives" Mrs. Gary
is a beautiful Texan.
The Washington herald., 1920-04-12
The CALL OF SPRING.

Tho call of spring is always
here In this good season of
the year; IL bids us fill our
city domes with thoughts of
buying country homes.
Before another month Is gone
the exit will be madly on
from crowded cities, to abide
in suburbs and the countryside.
Who has not heard the call of
spring that yearly starts the
hankering for fields and grass
and birds and trees and all
such springly pleasantries.,
i hear IL now-and what I hear
Is pleasant to my weather ear
1 long to do as once 1 did and
walk beneath my old straw lidi
N. A. LUFBURROw.
Copyright 1sao. by the Mcclure Syndicate
The Washington herald., 1920-04-12
NEW YORK HOTEL ARRIVALS

New York, April 10.-The follow
ing Washingtonians are registered
in hotels here: J. G.. Autr, Hermi-
tage; a. A. Banks. Grand; kath S
Brown. Bristol: J. A. Ditchy. Long
acre: J. w. Donnelly. Herald Square
Charles 4. Bell. Endicott; J. a. Fer
rec. Herald Square: l.. Jordan. Her
aid Square: II. c. Meyer. Park Ave
nue.: Mrs. III. c. Meyer. Park Avenue
II. Edlavitch. Grand: Miss L. Ed
wards. Martha Washington; ]. L.
Haffern, Alcazar; ]. T. Mccormick,
Continental: A. B. Murphy, wallick
NJ. S. Paul, Martha Washington: c.
G. Strout, Herald Square.
The Washington herald., 1920-04-12
Folks and Things
Around Washington
Labert St. Clair. !.

When Senator Sheppard Of Texas
wants something done he goes after
having II done. hammer and tongs.
That was what he did when he
wanted the Eighteenth Amendment
adopted. and that IL what he did re-
Gently when he wanted to put over
q minor matter in the Senate.
The thing In which the Senator
was interested was jockeyed around
until 1t came to an aye and nay
vote. Sheppard taking the negative
side. Suddenly. while Sheppard and
his friends were standing. the Texan
looked around and saw Senator Nc
Nary wobbling in q half-standing
position, undecided. apparently, as to
which way he should vote. Not
minute was to be lost. and. as Nc
Nary was across the chamber from
Sheppard and the vote was being
counted, there was nothing for Shep-
pard to do but shout his wishes at
his friend IL he expected him to
vote right" Therefore, the Texan,
casting dignity to the winds. shot
these words across the chamber:
Vote Nor McNaryl' And Nc
Nary did as requested.
Someone learned recently that
Representative Percy Quinn. of Mis-
sissippi. carries his own lunch to
the Capitol and promptly his scheme
was hailed at the greatest solution
of the high cost of living found in
Congressional circles. The Senate
has a better one. II maintains the
Senate restaurant at a loss, which
Is met by the government. rather
than raise food prices. Folks who
are wise to this fact make long trips
at lunch time to tho Senate restau-
rant In order to eat at a low cost.
Upon assuming the Office of Sec
retary of State, Bainbridge Colby
began bobbins up at his office
promptly at 3 o'clock each morning.
Old employees of the department
shook their heads and said such a
thing could not last as IL was un-
heard of in the history of the de-
partment. And sure enough It
didn't. Within a week Colby was
taken i'll and had to go to bed. All
OF which is taken as proof in gov
ernment circles that one should not
overdo himself at the outset of his
incumbency in office.
Even II DR.. Nicholas Murray But
Ter does not obtain a single vote
for the Republican nomination at
the Chicago convention. he has es-
tablished a record in the preliminary
campaign of which he well may be
proud. On a recent visit to WASH
ington in the interest of his can
didacy. he made three speeches and
never mentioned the fact that he
had his eyes on the Presidency. The
good doctor Is much interested, how
ever. in the Southern delegations
to the convention and he made it
a point to speak at the largest COL
ored school here while in town.
Hon. Obadiah Dubb says he be-
lieves the stories of money being
spent in the present campaign to
purchase the support OF influential
politicians are untrue. Every morn
ing since before the first primary
was held he has busted off. watered
and placed his influence in a promi-
nent position. but to date he has not
had single offer for it.
The Washington herald., 1920-04-12

summarizing the history OF the
negro race in the South.
OF the present he says:
Negroes, as a whole, are a we'll
disposed and law-abiding people.
Literacy Makes Progress.
'Literacy has made great prog
ross, and many are fairly and n few
highly educated. They haye ac-
cumulated property, and they en-
gaeo In all the various kinds of
business and svocations the same as
the whites, and in all their relations
to the business and political world
they are, before the law, equal to
the whites.
with reference to the relations
between the races, there seems to
The changes, IL any Needed, are in
the administration of the laws and
In the spirit in which they are ad-
ministered. My observation leads
me to believe that where negroes
are defendants in criminal cases the
innocent are acquitted as often as
innocent white defendants; but the
guilty negro defendant does not es-
cape as often as the guilty white
defendant escapes.
In this there Is no injustice to
negroes but disgrace to the white
people. believe that also in civil
cases. involving the property rights
of negroes, the law is fairly and
impartially administered; but on
this point am not sure. There
should be certainty In this respect.
and all right-minded persons should
Strive for IL.
The eccupanny OF the same
The Washington herald., 1920-04-12
Lynching in South Deplored
By Taft Who Urges Harmony
CONTINUED FROM rAGE ONE.

CONTINUED FROM FACE ONE.
ership of two men who would be dis
tinguished for ability. character and
personal charm. anywhere-Maj. Jo-
seph B. Cumming and Maj. ]. C. c.
Black. They are veteran soldiers
of the Confederacy and the nestors
of the Augusta bar. The bar and
the community feel proud of their
leadership, as we'll they may. They
have, too. the profound respect and
confidence of the colored people of
that city and region, whose sincere
friends they are.
Augusta Is negro educational
center. The Rev. Charles walker,
ID. D., known familiarly as Charley
Walker" is a fuIl-bIooded negro of
real eloquence. and moral force. who
has built up for himself. with the
aid of his white friends, an institu-
tional church and a vocational train
ing school.
Power Among Colored.
He counts Maj. Cumming and Mai.
Black as among his strongest sup
porters. He is a power for good
among the negroes of Augusta. Miss
Lucy Laney founded a vocational
school for negro girls, which has
been successful; and the Methodist
Church conducts a school for the
higher education OF colored women
of excellent standing.
On a recent Sunday there was
published in the Augusta Chronicle,
the oldest paper in the South, a
signed editorial by Maj. Cumming
on Proper Race Relationship" Mai,
Cummings command of English,
pure and undehled, Is exceptional.
He begins his notable article hy
The Washington herald., 1920-04-12
Notes by a Washington Observe,
President Quiets Rumor of Relapse" - Sar
Reno in Others Days Drew Attention.
Dry Dinners Duller and Dearer.

President Wilson yesterday set at
rest crop of persistent new rumors
about his health by resumIng his
automobile drives. For about an
hour and a half he and Mrs. Wilson,
not accompanied by DR.. Gary Gray
son. motored around and about the
Capital In an open car. The weather
was brilliantly fine. with spring
champagne In the air and sunshine
OF almost midsummer warmth. The
PRESIDENT certainly gave no indica-
tion to those who saw him Of hay-
ing suffered the relapse" Of which
washington has gossiped incessant-
ly for week. Mr.. Tumulty assur-
ed inquirers at the Gridiron dinner
that alarming rumors about MT
Wilson are utterly baseiess."
Ono OF the angriest trainfoads of
passengers that ever left Washing
ton was the one that started for
Baltimore, Philadelphia and New
York over the Pennsylvania at 1880
Saturday morning. The cause OF
their wrath was the breakdown OF
the locomotive twenty minutes out
side of Washington. Halted In the
rural regions for the better part OF
an hour while q relief engine crawl
ed from Bowie. the express" was It.
self pulled back to Bowie and then
taken north by a freight engine
the only one available. Passengers
late from one to three hours on i'm
portant week lend engagements,
said, between imprecations. that
their experience proved one of two
things-either that railroad service
under private ownership Is as bad
as IL was before March I, or that
there must be something in the al
legation that p. r. r. needs $780,
00o, 900 for new rolling stock.
San Reno, on the italian Riviera,
where the allied premiers are meet
ing this week to discuss the Ger
man situation, was once before the
spot on which Germany and the
world riveted their attention. II
was there, in the spring Of 1883,
that the Emperor Frederick II. faith
or Of William ii. the fugitive Kali
ser. lay desperately III and dying
of cancer. Most of the ill-starred
reign of 100 days" was passed al
San Reno, while Sir Morell Mack
enzie. the celebrated English ply
sician. summoned against Bismarck's
imperious protest by the Emperor s
consort, Queen Victoria's daughter,
labored in vain to save the imperial
patient
was h ing o ms alphabeticized
streets are no longer known merely
| by their lettered names. Thorough
fares like I, T and u streets-to
The Washington herald., 1920-04-12

country with the same laws by two
such widely different races is not
desirable as an original proposition;
but that condition, in fact, confronts
us. We are here-white and black.
Either race is too numerous to move
away.
Humanity revolts with unspeak-
able horror from the thought of the
determination of either-the fact of
II, the process of accomplishing 1t.
We are hare. We are living togeth-
er. We are obliged to live together.
The great problem for all of us to
study is how we can best do this.
First and foremost in working
out the problem must DE the cessa-
ton of lynching. Can anything be
said in it's defense? Yes-just one
thing; It teaches a lesson of deep
est humility. 1t reveals to us, as if
by Il searchlight. how near human
nature is to brute nature, how weak
is the barrier between the two; how,
the barrier once broken down, hu-
man nature descends swiftly beyond
the brute to ultimate depths of
fiendishness.
It gives I horrible warning that
we are moving about, living our
lives, on a thin and sagging crust of
civilization, liable to crumble at any
unusual strain and plunge us into
unplumbed depths of degradation,
No language is strong enough to de-
scribe this hideous thing"
Sees Need OF Harmony.
And then in. language which one
would wish to quote In full he
dwells upon the horrible details of
lynching. and follows this with the
conclusion:
IF We are to have the harmony,
the cooperation. the good feeling,
the friendliness. all of which are in
their nature attainable. and which
are essential to contentment and
prosperity. necessary step is to
put down lynching.
Let the voice Of the press, the
pulpit, the public meeting, speak
out and cease not against its fulfil
ity, its savagery, its lawlessness, it's
insolence to the constituted author
tiles, it's destruction of civilization n
and it's loathsome degradation of
its perpetrators.
'If these appeals against II fall,
let the civil authorities honestly
and courageously do their duty. IL
there is still failure, then the stern
use of the military arm"
When the worthy leaders Of pub
lie opinion In the South speak thus
we may well hope for suppression
of this awful evil and q better day.
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