davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
SEN. HITCHCoCK's BILL.

Senator Hitchcock's bill proposing
the creation of a Bank of Nations"
with a capital of 81, 400. 900. 900, ST.
800, 100000 of II to be subscribed by
the United States Government, Is uni
versaliy regarded by bankers as ut
terly impracticabIe.
Not n single banker could be found
who believes for an instant that solu-
ton OF international finance and com
n1ercisl problems lies in this direction.
Incidentally, the Foreign Trade
Financing Corporation L. finally get
ting ready to start business In the
fall.
1t won't have the simed-at 800
10000 capital, but its sponsors arer
hopeful OF having $4,000, 900. This Is
quite enough as a starter. The lack
OF Interest manifested thus far by
the banking fraternity throughout the
country, however. does not inspire
very high hopes concerning the insti
tution's future
Everything will depend upon how
operations are managed. both here
and abroad. There lie room for tn,
accomplishment of tremendously yalu-
able work. but, to avoid disaster. II
Will have to be handled with consum.
mate skill; yet, at the same time with
great courage. The head of the or
ganiZation should be some banker
who has had varied and ripe expert.
ence In both home and European
banking. Such men are very scarce.
Copyright, 1871. by b. C. Forbe.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
BIG SHIPPING BOARD COST.

The United States Shipping Board,
now being reorgsnized on a basis in
tended to be more efficient and
economical by Chairman Lasker. took
in excess OF s132,000,000 from the
public pocketbook.
The Treasury Department, which
directs the Governments entire hrcaI
policy and collects the money to be
expended by the other departments,
found il necessary to have more than
S452,371, 900 in order TO perform it's
functions.
To enforce the Federal statutes
cost the Department of Justice in
round numbers approximately $751;
$4,000. The Postoffce Department
turned in a bill OF s54,5Ss,0 900 The
Interior Department. with Its vast
irrigation projects in the West,
spent $31s,6 900, and the Depart
ment OF Agriculture a total of Sll2,-
261, 900 In directing the nations farm
ers. The Department of Commerce
was listed as having expended more
than s2S, 635, 700, and the War Finance
Corporation S11,323,0O0. The United
States Grain Corporation, now dis
continued, used seO,s53,0o0, while
other Independent commissions and
bureaus charged off 100000
The Panama canal, which some
days turns millions into the Treasury
general fund, found II necessary to
spend S16.036000 to operate efficient
ly.
Purchasing of the obligations Of
foreign governments, the Treasury
phraseology for loans to foreign ma
lions, cost the Government s73.ss6, 697
during this fiscal year. Last year this
item stood at S4lS,337 900.
Approximately 7,1l1.723,500 worth
OF Treasury certificates were redeem
ed during the year, the statement
shows. War savings certificates re-
DENIED totaled S140,463, 266.
Many OF these items will be cut 25
per cent during the present fiscal
year, according to the hope OF Budget
Director Dawes. who announced that
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
Deep Interest In
Steel Corp. Reductions

Deep interest is being manifested in business circles in
Washington throughout the country in the announcement
st made by the United Steel Corporation reducing prices
ranging 81 to $40 ton various products in order TO
bring its quotations down the levels established by the indie
pendent producers. .
eve have decided to recommend to subsidiary COM
panes that they reduce selling prices to- correspond with the
existing prices of competitors says the statement issued by
the Steel Corporation.
1t is also pointed that the corporation has also abo-
rated as of July TO- 1921 the socaled basic overtime day
put into effect during the emergency measure.
: The new prices established follows
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
Duck Surprises Owner
By Producing Two
Eggs In One

ROANOKE, Va, July 9.-Robert
P. Woodson, of 400 Elm avenue
southeast, has found that one Of
his ducks has accomplished the
remarkabfe stunt of laying an egg
within an egg. -.s-
Mr.. Woodson who is very fond
of duck eggs, recently purchased
on the local market the duck that
laid the remarkable egg. This
particular duck was placed in the
yard with the other fowls. but
not until yesterday did she perform
the duties for which she was pur-
chased. Upon picking UP the egg
Mr.. Woodson observed its enor-
nous size and decided to weigh It.
The egg weighed one-fourth of
pound.
Surprised at its weight he
opened the egg and inside the
shell, which was as perfect as any
ordinary duck egg, was found a
complete yolk and white-and also
another perfect egg with a COM
plete shell.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
sTUDEBAKER DIVIDEND LOOKS
SAFE.

Q. c. D"-Do you think stude-
bakers dividend L. reasonably snfe,
and IL so, please give reasons FOR
your belief I am thinking Of buy
ing nifty or hundred shares out
right to hold for a year or two
and can well AFFORD a business risk.
as you may call II.
Anrwcr-studebpker uCorporstton,-
common dividend OF per cent is
safe as long as the surprisingly good
earnings run anywhere near present
volume.
The company more than earned the
ruiz years dividend on the CONNIE n
stock in the June quarter. IL is
stated, unofficially, that upward OF
Sb,OOO,O00 net was earned, or about
50 common share, against 1922 A
share earned In the June quarter of
1920.
Production IL said to have reached
5000 cars in June, which isa new
high record. Based on orders en-
hand and In prospect, u is believed
the company will produce 10000 cars
In the last half of present year.
IL IL estimated that Studcbaker IL
selling more than a third of all the
cars In the United States
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
u Sherman Trade
Big Business Quer.,

Something definite than President Hardings move
toward the termination of the technical state of between the
United States and Germany will be necessary before American
commercial circles normal trade relations with the
Germans. -.... .-.r.4
Inquiry in various quarters reveals that until the
nty regarding the future tariff policy of this country is abo
hed there will be little disposition to make commitments to
prewar connections to arrangements for the
handling of German lines in America. ..-.. -
When the full head of is resumed however
may be far thorough basis than existed before the
when German houses sold direct the American i'm.
porters and the merchandise in purchased by the dis
trbuorS just as though manufactured in this country
Under present plans much of this will be changed Negotiations
said TO be under way between number of the leading New
YORK commission merchants and various German manufacturers
for the eventual distribution of Teuonic products in this make
through the direct financing of the New York houses
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10

posed German woolens. cottons. silk.
laces' embroideries. hosiery. under
wear. gloves, notions. novelties, fancy
goods and many lines not in the tex-
tile field are likely to appear in thi,
country In greater profusion than
ever. with their production financed
to a considerable extent. by Ameri-
can houses
But although preparations by Amer
lean commission houses to handle
German imports are being made, II
Is conceded that the ending OF the
state of war has been only 'psycho-
logically helpful in clearing up the
International muddle.
Coming at time when the tariff
still Is In a formative stage. the con-
crete BENEFITS which might otherwise
have attended the move are lacking.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
ns%MssssMnam BUSINESS A ND FIN a N &c
JULY IMMIGRATION LIGHT
COMPARED WITH JUNE

Immigration has been compare
lively light so far this month.
compared with the rush to enter the
United States during June.
In June II became necessary, for
humanitarian reasons, to admit at
least 5000 immigrants in excess of
quotas permitted under the Johnson
immigration act. So far this month,
according to Commissioner of Immi-
grafton Husband, only two countries,
New Zealand. and Turkey, have ex-
hausted their quotas. The monthly
quota for New Zealand is ten and
for Turkey nifty persons.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
JOHN ID. RoCKErELLER.

JOHN ID. ROCKEFELLER.
am often asked: Who is the
most interesting OF all the big men
you have metr'
have no hesitation in replying
John d. Rockefeller"
Mr.. Rockefeller. who was eighty
two yesterday. Is still at for his usual
game OF golf.
Even In these warm days he has
been out hitting the ball with his
usual accuracy OF aim. He hasn't.
naturally, the strength to drive as far
as a professional, but II Ia most un-
usual for him to either hook" or
slice"
His shots, as a rule, are almost
eerie In their strsightness. On the
putting green he can still hold his
own with hrst-clsss players.
j have just received word that
Coleman du Pont has practically re-
covered from the ugly cold which
took such a grip upon him that he
was persuaded by his doctor to go to
Colorado for two or three months.
He will shortly return. enjoying
his customary ideal health ana
strength. Hts acceptance of the ap'
pointment OF United States senator
from Delaware means that he will
throw himself into his duties At
Washington with the same extrsordi-
nary vigor with which he has tackled
every Job from the time he drove
mules In a Kentucky coal mine es
part of his training to At him tn
manage coal properties. after his
graduation from the Massachusetts
Tech. '.'s
The general--now the Senator-oe.
lieves that whats worth doing IL
worth doing we'll"
In these days when matters relst-
Ing TO finance, industry and com
merce are OF supreme importance At
Washington. the advent of so able
and experienced a business mar
ought to prove of great value to the
nation.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
u. s. National Debt
Is Cut TUo Billion

More than billion dollars has been sashed from the
gross national of the United States the past two years
according to official Treasury Department statement This
reduction of approximately per cent reduction rate at
which the entire debt would be completely retired in less than
twenty-five years
The gross debt now stands at s23427722447, which is
less than when the debt at its peak August
ST. 1919. The total then s25478,S92ii3.
Wholesale reduction of the debt at this rate gives prom
Use that tax rates ultimately be reduced throughout the entire
United States Treasury officials said. - ,..
Emphatic h prediction is the additional fact that the
official bookkeeping figures of the Government show that for the
first time years United States lived completely within its
income during fiscal year just ended Predictions that the
year would be closed with huge deficit were freely made IN the
few months
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10

the sblest bank
ers of the Pa
cine coast. This
action fol l o w 4
the recent draft
ing of a coming
Middle : Western
banker by the
same tank.
The iarg est
orgsniza I | o n g
now divide the
country In I O
sections and APP
point a wering
figure from each
section to take
command.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
CHARLES 4. MITCHELL.

Since Charles f. Mitchell became
president of the National City. Bank
Its deposits have shot up remarkably.
II again leads the whole country in
point OF deposits and resources.
understand that there has also been
keen demand for the banks shares
since the change was made and that
the number OF stockholders has in
creased by several hundred.
One small stockholder remarked
the other day that he, in common with
other stockholders, had received q
very pleasing personal letter from
the new head OF the Institution alons
with his July 1 dividend check. The
effect upon this stockhoider was TO
prompt him TO cudgle his brains as
to how he could divert business to
his" bank.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
Farmers Hold Crops
Vainly For Higher
Market Price

FREDERICK, Md. July o.
Frederick county farmers, al
though this percentage is in the
minority. are yet holding wheat
and corn of the 1920 harvest.
There are several farmers who
have two wheat and corn crops
on their hands, one for 1919
and one for 1920, not considering
the wheat crop Just harvested.
They had held these crops for
SO wheat, and for $40 corn.
The local market has consist
emily slumped, wheat being sl.N
and corn SO.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
NelU Gold Shipments
Makes High Record

Gold which arrived New York during the Fourth holidays
and which during that period shipped from foreign shores
New York constitutes record for such shipment according
to figures which have just been compiled financial circles
Kuhn, Loeb & Co., of New York, announced yesterday
that the Mauritania bringing gold valued at and
the Olympic gold valued S985ooo their present voyages
first of the year up to ooo and since January 1920
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
Cuba Allows Rice Imports,

The Cuban prohibition against the
Importation of rice, which Is one OF
the chief food products imported into
Cuba, has been raised by presiden-
tial decree. Consul General C. B.
Hurst has informed the Department
of Commerce. No increase was made
In the retail price at which rice
may be sold. It is stated. The pro-
hbiition had been in effect since
September z, 1920.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
NEW SHIP BOARD VESSEL
MEETS TRIAL TESTS

Successful trials Of the new Ship
ping Board vessel American Legion, ''
launched at Philadelphia, were an
nouneed by the Shipping Board here
yesterday.
The American Legion" Il is under.
stood. will be used on the South Amer
lean route, probably between Buenos
Aires and New York. She will be the
largest boat of her class on that run.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
VI. p. DAWSON.

II. p. Dawson, when a young man.
made a great hit on Joining a New
York bank by personally visiting
local stockholders and urging them to
become rooters for the institution and
thus increase the value OF their stock
and their dividends. The results
achieved by Dawson astounded the
directors.
Incidentally, Mr.. Dsvison's health
90 still such as to cause his friends
a good deal of uneasiness. His re-
covory has been painfully slow, and
there Is still little prospect of his
immediate or early return to duty.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10

he planned to save that much out of
his own appropriation OF s225,ooO.
Total ordinary disbursements for
the fiscal year just ended amounted to
approximately 81. 319. 200, 900 less than
those of the preceding fiscal year.
This represents a reduction OF 20 per
cent in the 1921 disbursements as
compared with those of 1920 which
totaled So, 403, SOC, 900.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
FINANCE
- AND
BUSINESS IN.

New York continues to reach out
to the farthest corners of the con-
tinent for brains.
A powerful financial Institution has
just arranged to bring East one of
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
Bank Deposits

The following statement compiled by Aude Savage for the
comparison Of the
posts April of the banking institutions
Columbia the dates being those of the two last
Comptroller of the Currency for the conditions Of the
banks.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10

will depend upon the condition. of
the money market.
With the common stock selling AT
the present time around 30 theh con-
version privilege at $40 a share is
or course OF no present value.
But we believe the notes are round
and do not advise you to sell now,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
S1,1OO Buys S11O Income

Larger returns possible. Seasoned
bonds of well-known national finance
Institution under supervision of the
State banking laws. Bonus of profit
shnring certificate I'm dcnomina lions
of $1,000. $500 and 500. Terms IL
desired. Circular T-S03. National
Capital Securities Corp. 1416 III st.
N. w. Franklin 6603.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
Investors Service


nam: .S
e " ries to Tbs
g @
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10

People in distant parts of the coun-
try like to do their New York bank
ing business with one of their own
folk. ..'
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-10
INTEREST ON DEBT.

The official reports give the inter-
est on the debt as $3.50, 65S,OO0 The
war Department spent more than
s0s7 1884, 900 and the Navy Department
In excess OF s610.0OO.O 900. These are
the three chief expenditures for war,
or the preparation to prevent II. Adj
vocates of disarmament include In
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-10
Democrats Will Not
Harrass or Obstruct
Administration


WARRINGTON April 9.-National
Chairman George White tonight
pledged the democratic party 20 re-
frain from Constructing and harass-
ing" the Harding administration.
which he declared had by act" en-
dorsed the policies OF tho Wilson re-
glmo This policy. while believed,
Will meet the approval ot the coun-
Try. n am deeply gratifiod at the
record which thus far has been made
by our late political enemies. now the
chiefs OF the nations. In that they
have by act endorsed the policies Of
the preceding administration. which
formerly they 30 bitterly assailed by
word"
ITO express this gratitude we re-
new our pledges TO refrain from par
tisan machination 10 harrass and
Obstruct and reassort our purpose to
aid In every proper effort for the ma
tion's welfare. The minority In con-
grcss viii help build constructive
legislation. but will, OF course. resist
attempts TO destroy good laws. simply
because they had democratic incep-
tiOn."
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-10
GEORGIA PLANTER
GETS LIFE TERM
IN PEOMAGE CASE
Convicted Of Murder of
N e gro Farm
Hand
ny EDWARD A. sHEIlNUrT
United Press STAFF Correspondent }

coviNGToN. Ca. April a.
Georgia has kept fai,h--justice has
been done" Thus spoke solicitor
general A. n. Brand tonight of tho
conviction OF John \. Williams. Jas
per county planter. who was sem
fenced TO life Imprisonment ON charEc
OF the murder OF a negro farm hand.
The verdict showed 10 the world
that law and order viii be upheld.
said Brand.
Attorneys for the planter. however.
were making plans TO argue for a
new trial on the grounds that the
verdict was contrary to evidence.
contrary to law and without evidence
to support H."
Green y. Johnson. leader OF the
defense. maintained the testimony
~ clyde Manning. williams negro
farm boss. ~H4 inadfninafbie since
he tManning) was a self confessed
liar and n murderer"
Hearing OF the motion for a new
trial was set for April 30.
Although In the trial which was
concluded here today. Williams was
charged with the murder Of only one
pcon, he n already under indictment
for deaths of two others. Eleven
bodies OF negroes who worked on
the Williams farm. we're found In
rivers on or near the plantation.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-10
RAILWAY WAGE
DECISION IS UP
+. TO WASHINGTON
Unions Expect President
to Call Conference
There


CHICAGO. April s.--setticment OF
tho railroad wages and rational
working agreements controversy over
a conference table In Washington was
predicted tonight by union chiefs
here.
I'VE believe President Harding will
call a conference OF railway execu-
tivcs and union representatives wish-
In the next week." an official In th,
aflce Of A. NJ. Jewell. president OF
the railroad department 0f the Amer
ican Federation OF Labor said Sue
cess OF the government adjustment OF
differences betwean packers and em-
ployes encouraged the belief that
similar action might bring an amic-
tion.
Jewell wired the president last
week agreeing to throw the national
agreements into the discard and sub
nit all questions between railroads
and employees to mediation under
the auspices OF the government.
A hearing IN now In progress be-
fore the United States railroad labor
board on application OF railroads for
hhlohditon VI 20 hhfttutHtes Ou
April -, hearing OF n demand by
leading railroads to reduce wages OF
unskillcd employees twenty two 10
twenty five per cent will be held.
III the president calls the confer
ence on national agreement, the wage
question will doubtleasly be disposed
Of also" said a union leader. That
the unions are willing TO accept a
light cut In wages was the belief. but
they will fight the large cut sought
by railroads
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-10

wAsHINGTON. April s.--Currcnt
political events and figures were
'grillcd" at the annual Gridiron club
dinner here tonight President Har-
ding his entire cabinet. members of
the diplomatic corps, supreme court
OF the United States. nutables Of the
house and senate. rankinB army and
navy officers. prominent business
men, bankers, editors and other lead
urs from an parts OF the country were
guests ot the famous Washington cor
respondents organization.
Even "lhddic Boy liurding's Airc-
dale was guest and performer.
An members ot tho cabinet were
called To- their feet az one stage Of
the dinner and received satirical
parody on their duties from an elder
statesman" OF the club. Hardly had
the diners taken their places In the
hall room OF the Nrw willard when
great clatter OF dinner pals. babel
of voices and tramping Of feet was
heard outside the room.
Move on" shouted "A voice. your
loafing days are over"
Get that pick handle out OF my
eve" yelled another voice.
That dismal sound. Mr. President
W the democrats going To work was
the reply 10 the presiding officers de-
mand for an explanation.
HardinE's stand Tor an economical
Inaugural ceremony was travestied
n. n. Messenger Of the Washington
Evening star was inauEuratcd prcsi-
dent uf the gridiron club and the cor
omonlcs were both simple and eco
nomicnl"
How much did the innngural
7' demanded one committee mem
her "Sh-h-h' Thirty cents, hut dom
tell senator Borsh,"
What b. that bunch crying about %
asked another member. THAT II q
| committee of SvashirEton husingss
men. They are not crying. They are
4 trying 20 give three cheers for sim
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-10
STORY WILL M
THEORETICALLY INVT,STIGATFD

NEW YORK, April g.-The con-
fcssion Of Roy Harris at Buffalo, that
he helped kill Joseph Il. Eiwell. New
York, will be given the final test to-
morrow ana Monday.
The states attorneys Office here
announced tonight that u put sum-
cicnt crcdence In the young mans
story OF a murder conspiracy TO send
hs most competent investigators TO
see the prisoner. Former Governor
g. r. Whitman. now conducting a
crime investigation here. probably
viii be one OF the omissaries.
lie II expected TO reach Buffalo o.
morrow. Whitman was In telephone
communication with Buffalo most OF
the afternoon. lie was understood 10
have received more definite descrIp-
tions of the Miss Fairchlld." named
hy Harris as the instigutor OF the
murder plot lie also obtninod more
information regarding "Bill" Dunkin
alleged by Harris .a have done ths
actual shooting when the whist ex.
pert was killed here In June, 1890.
llarris's story comedies 10 clnaelS
with the main facts la the murder
that New York officials from the fitsi
admitted their Interest in ID.