davidaulloa/AmericanStories huggingface dataset:
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-11

a mandate for any untr ! n Eu-
rope OF Aiaa.
League Of Nations
The republican party stands for
agreement among the nations to pre-
serve the peace OF the world. We be-
lievs thai such an international aaso-
ciation must b. based upon interno-
tional Justice and must provide me-
thods which shall maintain the rule
OF public right By development %
law and the decision OF Impartial
courts. ana which shall secure instant
and general International conferences
whenever peace shall be threatened
by political action. 80 that he nations
pledged 10 do and insist upon what
II Just and fair may exercise their
Influence and power for h preven-
ton Of war. W. believe hat all this
can bo done without the compromise
Of national independence, without
depriviug the people u tho United
states In advance OF the right 70 de-
tcrmine FOR themselves what Is Just
and fair. when the occasion arises
and without involving them az parti-
cipaRts and not as peacemakers In
a multitude of q~uarrels, the merits
OF which they are unSble 10 Judge.
The covenant. signed by the prcsi-
hNINI al tANNM AMNN'A 9AAANHHN ~ 49,
complish this purpose. and contained
stipuiations not only mtOlerable for
an independent people but certain 20
produce the injustice. hostility and
controversy among nations which u
proposed to prevent.
The covenant repudiated TO a de-
gree wholly unnecessary u un1uati-
fable. the time honored policy In
favur ~ pcacr. declared by Washing
ton and jefferson and Monroe and
pursued by all American administra-
tors for more than a century, and u
ignored the universal sentiments OF
America for generations past In favor
Of international law ana arbitration
and Il rested the hope n future
upon upon mere cxpcdieucy and ne
COLLATION..
The unfortunate lnsistence Of the
president upon having his own way
without any change. and with
out nny regard to the opinion
OF "a majority Of the senate. which
shares with him the treaty making
power. and the presidents demand
that the treaty should be ratified
without any modification. created "a
situation In which senators were re-
quired 10 vote upon their consciences
and their oaths according To their
Judgment upon NHf NifhNN a. - wa
presented. or submit Ia the commands
Of a dictator In "A matter where the
authority under the constitution a
theirs and not hia
The senators performed their duty
faithfully. We approve OF their con-
duet and honor their courage n
fidelity and VIZ pledge the coming re-
publican administration to such
agreement with the other nations OF
the world ~ shall meet the full duty
81 America to civilization and human
ity in accordance with American
ideals and without surrendcriug the
right ~ the American people to ex-
crcise Us judgment n It's power In
favor % Justice and peace. Pointing
to IL history ana relying upon it,
fundamental principles we declare
that the republican party has the
generous courage and constructive
ability to end executive u%surpatiun
and restore constitutional government
TO rum our world obligations with
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-11
TEXT OF THE REPUBLICAN, PLATFORM AS ADOPTED AT THE CHICAGO CONVENTION


The immigration policy Of tho
United States should be such al 70
insure that The number Of Foreigners
in the country Al any one time shall
not exceed that which can be asalm-
Hated with reasonable mpidity. and
to favor immigrants whose standards
are similar 10 ours.
The sciective tests hat are az
present applied and should be I'M
proved by requesting a higher phyni-
cal standard. n more complete exCiu-
sion Of mental detectives and Of
criminals and OF more effective In
spcction applied Is near the SOURCE
Of immigration a possible a. well
a. at the wort % entry. Justice TO
the foreigner and 20 ourselves de-
mands provision for the guidance.
projection and better economic dis
trihution OF our allen population. To
facilitate government supervision. all
aliens should BE- required to register
annually MIL they bscome natural
tied.
The existing poltyy Of the United
States for the practical exclusion ~
Asiatic Immigrants Is sound and
should be maintained.
Naturalization
There in urgent need for improve
ment In our naturalization law.
No alien should become a citizen
until he had become genuinely Amori-
can. And the test Tor detcrmining
the aliens Fitness for Americanship
should be provided for By law.
We advocate In addition the inde-
pendent naturalization Of married
women An American woman should
not lose her citizenship by marriage
20 an allen resident in the United
States.
Free speech and Alien Agitation
We demand that every American
citizen shall enjoy the ancient and
constitutional right Of FREQ speech,
free press and fires assembly and the
no less sacred right Of the qualified
voter 10 be represented By his duly
chosen representatives but no man
may advocate resistance 70 the law.
and no nan may advocate violent
overthrow u the government. Aliens
within the Jurisdiction OF the United
States are not entitled 20 liberty OF
agitation directed against the govern
ment or American institutions
Every government has the power
10 exclude and deport those aliens
who constitute n real menace 10 It's
peaceful existence But In view OF
the large numbers of people affected
hy the Immigration acts and Ia view
- the vigorous malpractice OF the
department Of Justice and labor. an
adequate public hearing before a com
t~Oontinued on paer two.i
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-11

out sacrificing our national lndepeud-
encc, to raise the national standard
u education. health and general well
fare; 10 re~-cstabiiEh a peace-timc
administration and 10 Substitute
economy and efficiency for cxtmva-
gancc and chaos; 90 restore and
meiintain the national credit 10 re-
form unequal and hurdenaome taxes;
TO free business from arbitrary and
unnecessary official control, to sup
press d%isloyalty without denial Of
lenRe 81 any class. and "a maintain a
government OF all the people as con-
trHsted with the government for some
Of the people. n finally. 30 allay
unrest suspicion ana strife, and TO
secure the cooperation and unity Of
an citlzens In the sJiution Of the COM
pick problems OF the day. 90 the end
that our country. happy snd prosper
BUS proud Of its past. sure u itself
and its institutions mas look for
ward with confidence % the future.
International Trad, and Turin
The uncertain n unsettled condi-
tion of international balances. the
abnormal economic M trade situa-
ton % the world. and the impossl-
bility ~ fGrecastinE accurately even
the near future preclude the formu-
iation u a definite program to meet
conditions a year hence. But the
republican party rcaffirma itH belief
in the protective principle and pledges
itself to a revision Of the tariff as
Don AZ conditions should make Il
necessary for the preservation OF the
home market FOR American labor,
agriculture and industry.
Merchant Murine
The national defense and our for
eign require "a merchant
marine OF the hest type OF modern
ship flying the American flag. mann
cd by American seamcn, owned by
private capital and operated by pri-
waite energy.
We endorse the sound legislation
recently enacted by the republican
congress that will Insure the promo
ton and maintenance % the Ameri-
can merchant marine.
We. favor the application Of the
workmen'a c-oIpensatiOn acts 20 the
merchant marine.
W. recommend that an the ships
engaged in coastwlse trade and all
vessels Of the American nerchant
marine shall pass through the Fana-
ma canal without premium Of tolls.
immigration
The standard Of living and the
standard II citizenship are lis most
precious possessions and the prcacr-
walton and elevation u those stand
ards is the first duty Of our govern
ment
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-11

dependence OF domination by finan-
cial combinations.
The High Cost Of Living
The prime cause Of the high cost
Of living has been FIRST and fore
most a 90 percent depreciation In tho
purchasing power OF the dollar, due
To a gross expansion o. our currency
and credit. Reduced production. bur
densome taxation, SWOLLEN profits u
the increased demand FOR goods iris-
ing from a fictitious but enlarged
buying power have been contributing
causes In a greater OF less degree.
We condemn the unsound finance
policies OF the democratic oministrd-
ton which have brought things to
pass. and their attempts to impute
the consequences to minor and Soc
ondary causes. Much Of the injury
wrought Is irreparable. There Is no
short way out. and we decline to de-
oeive the people with vain promises
or auack remedies. But n the po-
litical party that throughout its his
tory has sioOd for honest money and
sound finance. we pledge ourselves TO
earnest and consistent attack upon
the high cost OF lving by rigorous
avoidance Of further Initiation In 0ur
borrowing. by. courage
GUS and Intelligent defiation Of over
expanded credit and currency by en-
cOuagement nf heightened produ-
tion OF goods and services.
MaIaipte Of Armenia
w, condemn President Wilson for
asking congress To empoker him to ac-
cept "a mandate for Armenia. We com
mend the republican senate for re-
fusing the presidents Request to en-
power him to accept a mandate Tor
Armenia. The acceptance OF such
mandate Would threw the United
states into the very maclstrom OF
European quarrela. According To the
estimate Of the Herbord commission
-rgnnized by authority OF President
Wilson. we would be called upon to
send $1,000 American boys to police
Armenia and 10 sNpend &24s.OnO y
In the first year aud ffs6,OoO,oOc IN
five years. This estimate IN made
upon the basis that We would have
only rowing bands TO fight, but In
caso OF serious trouble with the Turks
or with Russia a force exceeding
200. GOO would be necessary.
Disregard of lives
No more striking Illustration can
be found OF President Wilson's dis
regard 81 the lives OF American boys
or American interests.
We deeply sympathize with the
peoplr OF Armenia and stand. ready
10 help them In all proper ways,
now and hereafter the Acceptance OF
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-11
Clip the Republican
Platform and Keep
1t for Reference

The Evening Herald today prints
the text OF the republican platform
IA adopted at the convention In
Chicago. clip II outihnd preserve
I for future reference during the
forthcoming campaign. You prob
ably win have occasion 10 refer to
Il several times before next Mo-
vember.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-11
He- Generalization Of Federal DE.
partmcffts and Bureaus.


The president clings tenHciuusly TO
his autocratic wartime powers.
His veto Of tho resolutiou declaring
peace and his refusal to sign the bill
repeating wartime legislation, no
longer necessary. evidence his deter
minatior not to restore to the nation
and to the states the form Of govern
mcnt provided for by the constitu-
ton. 1his u%surpation Is into!erablc
and deserves the severest condemna-
ton.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-11

Continued on paer two.l
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-11

The standard OF living and the
Standard OF citizenship are It's most
precious possessions u the prcaer-
walton and elevation OF those stand
ards is the first duty OF our govern
mani
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-11
The Executive Budget.

We congratulate the republican
congress or the enactment Of a law
providing for the establishment Of an
executive budget as a necessary In
strumcnt for a sound and business
like administration Of the national
finances. ana We condemn the veto ot
h president which defeated this
great financial reform
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-11
Banking aud currency.

h fact Is that the war. to "a great
extent, WAS financed by "a policy OF
ihtlution through certificate borrow
Ing from the banks, and bonds issued
at artificial rates sustained by the
low discount rates established by the
federal reserve board. The cuntin-
nance OF this policy since the armis-
uce lays the administration open to
severe criticism Almost up to the
present time the practices OF the fed
oral reserve board as TO ccrdit con
troll have been frankly dominated by
the convenience Of the treasury. The
results have been "A greatly Increased
war cost "a serious loss tu the mill
lionH OF people who In good faith
bought liberty bonds and victory
notes at par and extensive postwar
speculation, followed today by a re-
stricted credit for legitimate indus
trial RApnnsion A. a mater or pub
NC iul1cv We rge all banks to give
ore dit preference TO essential indus
tries. =
The federal reserve system should
be- free from political Influence.
which II quite a. important as It's In
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-11

dependence OF domination by finan
cial combinations.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Market Displays
Strength in Spite
OF Money Advance
Easier Rate Is Expected
Next Week; Liberty Bonds
Under Pressure Again;
Rail Issues Declin g

Stock spectators preceded With their
operations on the constructive side of
the market yesterday on tho theory
that the money stringenoy Is only tenn
porary and that next week Will likely
see return to easier credit conditions.
This accounted in q considerable meas
ure for the quiet strength displayed
by the general market in the face Of
high money rates.
The renewal rate for demand loans
was fixed at 10 per cent, an advance
of 2 per cent from the level Of the day
before. Around midday another ad-
vance to - per cent occurred, but in
the afternoon after the brokers' de-
mands had been met, offerings by the
banks became much more generous,
with the result that the tate dropped
to 8 per cent at the close.
Marking up the renewal rate sup
piled the professionals with selling
argument which they used early in
an effort to force a general recession
crate recessions, but on the whole the
offerings were we'll taken and the mar
ket maintained itself without much diff
ficulty, whereupon the pressure lifted.
In the afternoon, when signs appeared
Of an easier situation with regard to
money supplies, stocks took on strength
the majority of leading issues closing
with substantial net gains.
Special issues which are being ex-
plotted by professional pools stood out
strongly most Of the session. United
States Food Products and Industrial
Alcohol were two of the most prominent
of the industrial stocks, advancing
sharply on sustained buying. Baldwin
Locomotive, which has been in the
background most Of the week, came to
the front with an advance of more than
points on volume of trading that
made it by far the most active stock
in the market. Steel shares were
higher, with Lackawanna and Republic
Iron and Steel the leaders, Steel COM
mon holding steady.
The pressure of liquidation which has
been in evidence in the bond market
for several days continued yesterday.
The Liberty bond issues were again
severely depressed, practically the
whole group dropping to new low
records. Dealings in the United States
government issues at the Stock Ex-
900.
Railroad bonds also declined under
steady selling. The whole bond mar
ket is rapidly readjusting itself to the
higher level Of interest rates now OBJ
tanning, which, in the opinion Of bank
ers, is likely to be maintained for a
period of years.
The foreign exchanges were quiet.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Liberty Bonds Decline
Again Under Pressure
Heavy Selling by Persons Fear.
ing Lower Prices In.
creases Slumn

The sharp decline in Liberty bonds
and Victory notes continued yesterday
and the government issues sold at the
lowest levels on the New York Stock
Exchange since their issuance,
Victory AIS sold to yield about az
per cent, and the Liberty bonds were
selling on approximately a per cent
to 6.65 per cent basis. On the Stock
Exchange alone trading in government
war issues amounted to S17,50O 900
and the bond houses reported a large
over-the-counter business.
The downward trend, which has been
quickened this week, has induced adj
dftional selling by persons who anticI-
pated still lower prices. According to
Dond men, some persons sold their Lib
erty bonds merely because the market
was going lower. 1t was said that thH
market was receiving no support from
the sinking fund operations.
The adjustment of outstanding issues
TO higher interest rates now prevailing
the Offering of new Treasury certif'
Gates on and .5A per cent basis, fur
Their selling of bonds by corporations
and individuals which had been carr
ing them on banks loans, and reported
selling in small blocks by the railros i
strikers are considered the PRINCIPAL
causes of the downward movement
most railroad bonds were also weak
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Short Lines File Demands
Ask Guaranty Given Roads
Under Federal Opera,iSn.

WASHINGTON. April 1e-Demand.
ing tho Same treatment under " thu
transportation act as accorded rs sus
roads which were under Federal can.
trol during the war, the Amer ic,,,
snort Line Railroad Association -,
the concluding session today ~ g.
special meeting, decided to ask +b1 '
interstate Commerce Commission :,
award the standard return guarantee -
oy tho act to roads which were M,
operated by tho government
Representatives Of yariou. I,,..
argued that Congress intended III,
inc provision Of the act guarant.sina
roads against loss during the nsrindd
cs government operation would annlu
70 all roads Irrespective Of whstSe ey
thsy were under Federal control
Should tho Interstate Comm.rc.
Commission refuse tho request tho a. ~
ISOLATION will ask Congrexs ~
remedial legislation. "'
Establishment Of puych..,rc
Dureau 20 enable the short linss ~
Pug suppli:s comparatively wss effected
sna 3 tsgsl committee 10 reprcsent the
essee1stion IN matters OF Common IN.
ye1eSt wss formed. ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Phillips Petroleum to Offer
Shareholders Additional Stock

Directors of the Phillips Petroleum
Company have voted to offer 1913 900
shares Of stock to shareholders of rec
ord April 80 at $26.25 share. Ac-
cording to the proposed plan, holders
will have, the right to purchase one
additional share for each four now
owned providing payment Is made to
the Guaranty Trust Company on or
before May 20. The new offering will
bring the total outstanding capital to
$4,000 shares.
In a statement to stockholders Pres
ident Phillips said that tho additional
capital is to be used to liquidate obli-
cations incurred in the purchase and
development Of properties. Since Jan
uary last, TIA wells have been drilled
or purchased. giving the company a
total Of 613 producing oil and gas
wells. Net earnings before deprecla-
tion for the three months ended
March 81. 1920. according to Mr.. Phil
~ Ups; Nv wer a.vs l,les2SH. against ss.o.77o
preceding year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
Porphyry Coppers Failed
To Earn 1919 Dividends
Chino, Ray and Navada Con-
solidated Companies Re-
port Deficits

Three of the leading porphyry cop
per producing comprehensive Nevada
Consolidated, the Chino and the Ray
Cons olidated-failed to earn their 1919
dividend requirement according to the
annual statements issued yesterday to
stockh olders.
Total revenue Of $685. 2e was shown
In the annual report Of Nevada Con-
solidated Copper for the year ended
December 81, decline Of 1921 .927
revenue of the Ray Gons s tsiA alse
declined heavily, aggregating $8,252, 504.
$1O,956.8O7 less than in 1918. The re-
port Of the Chino company revealed
gross earnings of $7,826,526. In the
year before this item was listed at
$17,089,312.
After the Nevada company had de-
Quoted operating expenses, contribu-
tons and other charges, balance be-
fore Federal taxes and dividends Of
cents share, compared with $685.
07O, or $1.62 a share, earned in 1918.
Net profits after charges, but before
Federal taxes had beeh fixed, of
Chino Copper were S1,3O1,797, equiva-
lent to S1.49 share, against $3,9O8 222.
or $4.49 share, in the preceding year.
When expenses and charges had been
deducted from Ray Consolidated's
earnings net profits were $1,666,27O,
equivalent to $1.05, which compare
with $4,653 ,455, or 1894 a share, earned
the year before.
Stockholders Of the Nevada Con-
solidated received $2,999,185 in divi-
dends during the year, after which a
Sl,773,S28 deficit was shown. Dividends
distributed by the Chino Copper ag-
gregated s2,6O9,94O, causing $685.
lab deficit, while the Ray company re-
turned $1,488,088 deficit, after
the payment Of s3,154,95S to stockhold-
ers. Net production of the Nevada
company was 43,971 1872 pounds, com
pared with 76,607,062 pounds in 1918.
and an average annual production Of
~ 9ST 600 pounds for the two preced-
Ing years. The decrease of production
virtqqSlly to so per cent of normal, D.
c. lacking, president, said, was due
entirely to deliberate curtailment in
accordance with the policy of limiting
output to market demand adopted at
the beginning of the year. Sherwood
Aldrlch, president Of the Ray Consoi-
dated, said in his report to stockhold-
-. eaal operations Of the company In
1919 were continued at approximately
90 per cent of capacity. This was done.
ne pointed out, to maintain rate Of
copper production only commensurate
with the market demand for the metal.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17

The market showed Increased activitv
and strength yesterday with AL months
making new high records for the season
The continued unfavcrable weather. mar.
ticularly In eastern and central sections OF
the belt, seemed to stimulate the demand
for early new crop deliveries. and these po.
sitions sold moro than q cent Q pound
above Thursdays closing figures The adj
vance in old crop months was held In
check by reports that cotton could be
bought I'm some of the Eastern belt mar.
kets at a tenderahle basis as compared
with May. but that position sold at 42sso
or SO points net higher. The close was of
from the best under realizing ans IN.
favorable trade reports from Manchester,
but the tone was steady at q net advance
Of 25 to 90 points.
The market opened at an advance Of 2
to % points on the reports of rains In the
South, and except for moderate reactions
under realizing worked steadily higher on
broadening trade and commission house
demand. July sold up TO 40 Csc. or 81
points net higher. while October touched
SO go. 100 points above Thursdays clos
ing figures. This made advance OF l55
TO 227 poirrts from the low level of Nom
day and of $40 to 1.oss points from the low
closing reactions q 80 or s5 points. Wills
May closed within - points of the best
Private cables said that Manchester buy.
ers were holding off. owing TO the uncer-
tainty Of the labor situation. and while
such reports had very little influence early
In tho day they seemed to attract more at
tention after the big advance. Both for
eign and domestic trade interests wore re-
ported buyers of early new crop deiveries
and 1t Is believed that great many con-
tracts nave been locked up as hedgs
against forward mill requirements. south-
ern spot markets officially reported
were unchanged to 80 points higher
Tho local spot market steady and
rs points higher at 43.25c for middl.ng.
No sales were reported
The range OF prices follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-17
State Income Tax Becomes
Applicable to Non-Residents

With the signature Of Governor
smith to tho amendment to the state
income tax law imposing levy on non
residents on the same terms as resi-
cents and with the same proportionate
exemptions the state is now in a posi-
ton to make collections.
mo law applies retroactively to 1919
income and declares that the tax re-
imposed 1or 1919 shall become from
INC i'me IT is due and payable a per-
sonal debt. This apparently mean,
that tho Comptroller will havs ths
authority to sue and upon recovering
Judgment can proceed against Tho tax.
payer BY attaching his property within
the jurisdiction OF tho state,