davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07
/. c. c. AUTHORIZES TEXAS
ROAD TO ISSUE BONDS

The Interstate Commerce Commits
sion today authorized the Cisco and
Northeastern Railway Company, of
Texas, to issue for sale at par
S264,950 worth of capital stock ana
to issue SSS2,000 first mortgage ten
year s per cent gold bonds, $685.
thereof to be used at par to pay
certain promissory notes and &C
crued interest.
The remaining s555,450 bonds are
TO be sold at not less than 80 per
cent of par, or pledged as collateral
for any notes which may be issued
by the carrier under the proceeds to
be applied to additions and batter
ments of the company's line of rail
road.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07
Weekly Grain Review
Furnished by Thomson q McKirnon-

the bulk Of the shipments thought to
be for export. -.
Current receipts are rather light and
are commanding considerable premium
over the deferred deliveries. 1t WI
be difficult to advance prices in cas-,
the present outlook of the new croj
materializes. Both corn and oats seer
to have had the influence of reason
for lower prices, but lack any incer
tive, either in the way of crop est
mates or prominent demand, to turn
values upward. .a.-g4l
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07

cess of $4,000, 900 are expending loss
than 35 per cent of gross for mainte-
nance, and of these twelve only one
reports a percentage under 50 per
cent.
The present range Of maintenance
percentages, however. does not ap-
pear abnormal. since costs have In.
creased.
We have compiled the following
comparisons to show maintenance
percentages for the fifty-two large
roads for the first five months this
year and wear ago.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07
Eugene Meyer, Jr.

Eugene Meyer, jr., promises to be.
come one of the most important fig
ures in Washington because of the
tremendous responsibilities being dele.
gated to the War Finance Corporation
by the Government.
The railroads, the grain States, the
cotton States, all are being told to
step up and discuss their troubles with
Mr.. Meyer, managing director of the
corporation.
Fortunately, Mr.. Meyer IL business
man enough TO know that the less the
Government dabbles in either agricul.
ture or business the better the final
results are likely to be.
lie doesn't propose to ladle out pub.
lie money to the railroads, but rather
to so handle things that IL will be
possible to market the securities ten.
dcTed by the railroads.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07

Inverted Interest.
Profit sharing, welfare work. co.
operation, sales OF stock to employees
on the installment plan. free insur-
ance and a dozen other plans to
give employees an added interest in
their work are suggested and tried
daily.
Even the characterization Of in.
dustry." management by mass meet
ing and financing by show OF
hands have been recommended by
many who know neither manage
ment nor finance. But all have their
near limitations. Most of them have
failed of their purpose.
What, then. Is the remedy How
can the men who do not yet see
the light be induced to open their
eyes?
How can their self-interest be stir
red so that at the same time they
will get the highest wages. hold down
the labor cost to a reasonable level
and so enable the business which
Is their livelihood to continue and
prosper.
Briefly. Mr.. Barker dismisses the
bonus, the half-yearly dividend and
other devices as inadequate. These
interest the working men little more
than the daily sporting news. he
thinks.
He goes directly to the point. He
proposes that stock company, which
aims at abolishing the practice Of
sold1erlng, increase It's stock issue
by 30. 40 or so per cent and dis.
tribute the new stock among it's per
manent employees. to have and IN
hold under the usual conditions to
assume the business relations OF
management and men.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07
Other Problems.

A lot Of things besides wages enter
problem Of the American employer Of
labor. Strikes enter in. Every strike
that condemns a manager to let his
machinery, money, credit and manag-
ing ability lie idle, builds up the cost
Of labor.
Moreover, every working man who
aims to do the least work for the larg-
est pay Is raising the cost Of labor.
It is not the skilled and earnest work
or, no matter what his wages, who in
creases the cost of production.
1t is the man who gets the fair
wages and soldiers on the job" the
man who gets honest wages but re-
fuses to deliver an honest days work
for them, that increases labor costs
and puts the business out Of the COM
petition in foreign markets.
soldering on the job" has become
a contagious disease in England. Mr..
Barker proves this. II Is eating the
marrow out of English Industry. II
is at the root of most of England
Industrial and commercial difficulties.
II accounts for many lost contracts In
foreign fields. many falling markets.
For the Germans. who rival the Eng
fish in numerous places, are not sol
diering" but working, and this fact
more than Germap wage scales makes
Germany a dangerous competitor.
Except in some building trades
soldering on the Job" has not be-
come as general here as I'm England,
But II is a disease that Is spreading,
and building UP lsbo- ~>sts sufficiently
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07
Receiver for Trust Co.

PARKERSBURG, w. Va, Aug. a.
As a result Of suit filed in the Wood
circuit court, Judge Walter K. Nc
Dougle has appointed William q.
Peterkin receiver for the Citizens
Trust and Guaranty Company, OF this
city. The suit was filed by r, j.
A. Foreman as plaintiff and there
are more than 200 persons named as
defendants. II Ia claimed In the bill
of particulars filed that the com.
pany Is insolvent. Peterkin gave
bond In $4,000.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07

the United States
Shipping b o ar d
{ a k en- away its
C rae X passenger
ships fro m I h e
Uni I e d S t a { 9 8
Mail Steam s h ! .
Company. young
ii arri m a n was
ready to operate
them.
Alt h o ugh not
quite thirty. w.
Averell Hartman
has very fix g d
ideas as to what
he wants to &C.
complish with the
score of millions
left him by his
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07
Sen. Capper To Speak.

HAGERSTOWN, Md, Aug. g.
Senator Capper, Kansas; Congress
man Lever, South Dakota: John N.
MackaIl. State roads commission. and
Gray Silver, Washington representa-
tive OF the American Farm Bu-
reau Federation, will be the speakers
at the annual farmers picnic Aug
ust 81 in Doubs Woods.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07
Weekly Financial ReuielD
By HENRY CLEWS.
Oy SAIsANNA SLSVo,
Of Henry Clews & Co., New York Bankers.

NEW YORK. Aug. 6.-That business
IL general already feels the improve
ment in trade prospects. and is prepar-
ing to take advantage of 1t. is indicated
IN many ways. The upward movement
IN the price of bonds. although slight.
is significant.
upward market to improve, preceding
stocks In their recovery. AS for the
activity of trade, the index Of bank de.
posts compiled weekly lS the Federal
Reserve Board shows a steady upward
movement.
Money Is clearly moving toward per-
nianently lower levels. even though
tnese lower levels may not be continu-
ousiy maintained. AS is well known.
rairoad traffic movements, as well as
earnings, are beginning to show i'm
proVement; and this has become more
pronounced within recent weeks.
retail trade, as evidenced by the re-
turns or department stores, has been
unexpectedly well sustained and il in
better volume in most parts Of the
country than was true at this time a
year ago. In particular lines of trade,
the indications are encouraging. This
continues to be true In textiles. manu-.
Ihctures OF leather. and nearly all lines
which produce articles ready for con-
sumption. Even in iron and steel some
decided advances have been announced
during the past week.
The Crop Situation.
financially speaking. the crop out
look is proving satisfactory. Even the
un1avorable cotton prospect announced
by the Government on Monday last is
helpful to those who are already over.
loaded with cotton carried over from
iast year. as Is the case Of many in the
cotton growing regions.
Yield In most branches of agriculture
gives every promise of being good, and
the money return will be correspond
ingiy favorable. Thorough arrange:
ments Tor financing the crop have now
Deen made. Reserve banks in the
Eastern and Northern districts are car.
rying necessary lines Of paper for the
western and Southern Reserve insti.
tutions.
At this time last year the growth of
rediscount accommodation furnish ed
occasion for some anxiety because of
the lowness of the reserve ratio, but
this year ratios have grown and are
likely to increase still further. largely
regardless of the volume Of current in.
terbank accommodation.
This means that. within reason.
there Is an unlimited supply OF crop
moving accommodation with little or
no probability. that individual CONNER.
cial banks will have to bear any seri-
GUS strain.
Foreign Trade Prospect Better.
One factor In the situa ton which has
given the greatest anxiety for some
time past has been the foreign trade
outlook. The opening of new credits
for the shipment of staples to Germany
on large scale indicates the coming
revival of continental business.
Foreign demand for raw materials
and foodstuffs il stronger.
How soon the shipment OF manufac-
tured goods will correspondingly re-
cover remains to be seen, but mean
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07

V~biio tHCi inSIc rSsoS"S~
the conditions which have been retaro
ing the restoration Of this branch OF
business will shortly be corrected.
The greatest obstacles are still founo
In the South and Central American
countries, but even there Improvement
is beginning to be observable.
Close OF Doflation Period.
Many indications support the belier
that the deflation period Is about over.
Reduction of interest rates at Federal
Reserve banks practically to their nor
nal pre-war level closes the era OF con-
traction of credits through high inter-
est rates.
Continued importation OF gold on
large scale Is broadening the holdings
of Reserve banks at present rate OF
around $4,000, 900 pei month. These
large receipts Of gold have been MAIN
tanned during the past week.
There is disposition on the part OF
the hanks generally to grant more lib
eral credits to all lines Of trade In
which sound demand can be frecog-
nized. A technical falling off In the
volume of bills discounted at Federal
Reserve banks Is due in part to hQui.
dalton of speculative paper collateraled
by Government bonds which has taken
some time to work out"
The volume Of actual commercial
accommodation remains fully as large
as It has been In the recent past, not
withdrawing that with lower price
level less money Is required to carry
given. volume OF business, Although
foreign exchange continues errattc,
this must be ascrib~d in large part to
the fact that unusual operations grow
ing ont of the German payments are
still In progress, the present series OF
such payments continuing up to the
end Of this month.
With deflation at an end. and
foreign trade gradually resunning its
normal balance or something ap-
proximating thereto, II should be pos
sible 10 reetore a much better adjust
ment In exchange at an early date.
Market Review and Outlook.
Bonds are in good demand.
AS has been the case for two weeks
or more, railroad stocks continue to
be most In favor, for the reason that
their position In believed to be sounder
than that of the industrials.
Moreover, as often before noted, the
supply of railroad shares y always
limited, owing to the fact that there
has been no great increase In capital
issues for a long time, whereas many
OF the industrials are as yet compare
lively new and have not been fully
absorbed and digested.
Still as to the future OF the In
dustriais. the general public, always
so slow to recognize coming changes
in business conditions. IL only gradual
~ beginning to realize that bad news
has been well discounted and thas
values are at or near bottom and THAI
future trends must necessarily be
higher.
1t can be only a short time before
renewed activity OF industry will be
reflected in an increased yield on the
part OF stocks and q corresponding de-
mand for them. Purchases therefore.
made on moderate reaction, due to
profit tab king sales, ought not to be
attended with much risk.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07
Hartman Is No Dilettante.

This multimillionaire's son is no
dilettante. He Is no rich idler. He is
no society enthusiast. He takes life
seriously. Just because his father left
500 900. 900. Hartman the Second
doesn't feel that he Ia entitled to loaf.
He once said to me:
* 1T is as indefensible for a man who
has capital not to apply himself dill.
gently to using II in a way that will
be of most benefit fer the country IA
Il In for a laborer to refuse work, or
for q revolutionary to resort to bombs
In this country.
1T Is the duty of everyone, rich or
poor. to work. The rich man must not
apply his money or his effort for pure,
~ selfish purposes. His duty is to con.
slider how he can do the most to de.
velop his nations resources along
sound lines and thus provide useful,
remunerative employment to as many
bread-winners as possible.
The rich man who uses the dol.
lar as yardstick to measure the
success, or non.success, of his &C
tivities, and who doesn't take very
much broader - national - considera.
lions into account is not the highest
type OF citizen. nor does he get thu
fullest satisfaction out of life. / am
striving TO do the thing which I be
lieve is the best and the most i'm.
portant thing / can do for the inter.
ests of America. / love work. can,
not see how anyone could prefer to
be idle.
When 1 took up this work / am
now in, l fully expected to encounter
all sorts Of difficulties and knotty
problems. Therefore, I am not in
the least bit discouraged over the
criticisms that are being leveled a,
me. I am willing to have my work
tested by time and by results ] am
trying to build not for today only
but for ten, twenty and more years
ahead"
The bear who becomes venturesome
in face of the greatly strengthened
conditions is likely to make a bull. -
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07
|FINAN C. E|
AND
BUSINESS
NJ p. @. FORBES.

The son OF e. II. Hartman. the
railroad king, promises to become
the steamship king of America. Had
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07

father. At first young Hartman
took up railroading, starting his
practical training in the Union Pa
cities large shops at Omaha, where
he was taken in hand first by one
department head and then another.
BY and by, however, he realized
that II wasn't sufficient to have
transportation facilities merely to
land freight at seaboard. This led
him to turn his attention to marine
transpOr tation. Its infinite posi-
bilities captivated his imagination.
When pressing war demands arose,
he not only began to buy, up ships,
but to acquire shipbuilding yards.
Railroading soon became of secon-
dairy interest to him. He proposes
to make shipping his life work.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07
Money and Trade
BY GEORGE w. HUMAN.

to forecast trouble. How shall II be
stopped-how can II be cured?
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-07

while there Is increasing evidence that
the conditions which have been retard.
ing the restoration Of this branch OF
business will shortly be corrected.
The greatest obstacles are still founo
In the South and Central American
countries, but even there Improvement
is beginning to be observable.
The Bridgeport times and evening farmer., 1921-12-07
AMERICANS FIND REDS AND WHITES
 TO BE FRIENDLY

Correspondent of The Associated Press .)-Frendliness to the stranger. especially the American, is the dom inant note the traveller finds in pass ing here Both the Reds and the wide nature of the Russian. forget their own miseries long enough to obTge the stranger.
 In Astrakhan, the correspo onde e nE was taken at face value. There was no summoning the "Cheka," or po- lice. to examine his papers On the contrary, a "Chela" agent made sure that passage was available on an up- river steamer.
 The chief steward of the steamer, who carried on a brisk business sell ing soups and sandwiches to the peasant passengers. turned his kitchen inside out in his alacrity to provide meals for the stranger. 'I haven't had a foreigner for a passenger since the war began" he said.
 The gift of a bar of American choc- Olate to a little girl trotting about the spacious upper deck of the steamer er brought an invitation from her Tartar parents to the 'Amerikanslki'' to leave the vessel at Tzarftzyn and travel east some 30 miles to visit the town o1 Tzarey. cn the site of Sardi. the an cient capital of the Golden Horde where, it was stated, are still Mongol descendants of the Khans who dom ir" "ted the lower Volga from the 18th to the 18th centuries.
 They were seriously 6fSapDointe ed that the invitation couldn't be accept ed by the man who had given their girl a bit of chocolate. Its the first she has ever eaten" they explained ''It hasn't been on the market for years"
The Bridgeport times and evening farmer., 1921-12-07
ENGLISH BISHOPS ARE COMPLAINING ABOUT
 LOW SALARIES

London, Dec. 7-The Bishop of St. Albans complains that his official in come of 2,500 pounds year is ''entire- ly inadequate" to make necessary ex- penses of his office and the upkeep of his office and the up1eep of his ''of- ficiaI residence !" So the diocese over which he presides has to eke out his inadequate. official income by giving him an additional 700 pounds a year ito meet secretarial and office expen- ses and the cost of running a m notor car" The candid Bishop declares the situation to be "scanda1ous."
 Has not the time come" asked the Bishop, addressing the Diocesan Con- ference, when bishops should cease to live in large houses, and live in far smaller houses which would provide for entertaining in a simple way not more than two or three guests at 2 time? Should not his home be his home be his home md n [ lis home home and not a sort of hotel?"
 The Bishop of London once com plained bitterly that he could not make both ends met on 10000 pounds year while he had to live in a 'Talace" with something HFe two score bedrooms and was expected to exercise hospitality on a somewhat commensurate scale. Sc said that il he could live in moderate house he would be content with very much less than half the salary and certainly would not be any less efficient as a kishOD.
The Bridgeport times and evening farmer., 1921-12-07
Beauty Chats
HEALTH AND PLEASURE
By EDNA KENT FORBES.

BEAUTY, HEALTH AND PLEASURE
 About this time every year want to write about an ideal way to spend an afternoon, a way that will give you health. that will add to your beauty and that will give you as we'll an enormous amount of pleasure. It's all done by taking a country walk and it's splendid thing to do on Sunday after church and an early lunch, with a prospect of a hot and nourishing dinner ahead.
 It doesn't matter what the weather is like. December is usually beau- tifUl month but if you are in a proper frame of mind, any sort of weather is beautiful You must put on an old suit with short wide skirt wool stockings, low heeled broad-toed OK folSds, if you have them, if not, the have a hat that will stand weather and either a sweater or a raincoat, according to whether it is cold or wet.
 If you haven't congenia1 friend, you had much better go alone. You want to walk and take long, easy l steps, bearing in mind that the legs should swin from the hips and not from the knee, as many women walk. You might take some milk chocolate in your pocket, too. It's nourishing and stimulating and you'll be sure to grow hungry. You want to walk five miles at least-ten if you are in prac- flee.
 Then you should come back health Iu1ly urea ana hungry, with SlO"lnS cheeks, bright eyes and a mind as relaxed as your body should be. If you can add a hot bath before din- ner and then go to bed early, you will find your afternoon has been of enormous mental and physical value to you. You will feel its benefits for, at least, a week.
 Mrs. S. A-The permanent wave
 lasts about six months. This ten dency to dandruff shows that your scalp Is not in a healthy condition. If you care for an excellent tonic to aid this condition send a stamped ad- dressed envelope and I will be glad to mail it to you.
 l Mrs. w. R. S.-Massa aging the bust
 with cocoa butter will not affect the
 tain foods and liquids that will do
 this, such as malt, cocoa and milk. During the nursing period there | should be a great deal of food taken, | of which much should be In liquids. Anxious M. J.-If your hands and feet are unusually thin, you must
 need a general building up. You l tablespoonful of olive oil in the same
 amount of grape juice three times a l day.
 | Tomorrow-Reauty and Motherhood. All inquiries addressed to Miss | Forbes in care of the "Beauty ChatS' 1 department will be answered in these | considerable time, however, owing to
 the great number received. So if a
 personal or quicker reply Is desired. | a stamped and sclf-addreSsed envelope
 must be enclosed with the question:
 The Editor.
The Bridgeport times and evening farmer., 1921-12-07
QUESTIONS AND ANSWERS.
 Dizzy Smells

My husband gets dizzy spells, some times not for months, then several in one week. One doctor says he has growth in his nose; another that ne has high blood pressure, and so on. My husband has the habit of drinking g black coffee without sugar. As to his business he fires furnaces all the year round; one week he Works nights, the next week during the day The week that he is at home in the day he sleeps vry little. You knoT how it is in flat Please doctor, ! wish you would publish a chat about high blood pressure.
 Answer-Several things might ac- count for your husbands dizzy spells, and surely your poor man has req ton of the nose would disclose II there is anything wrong there; and any necessary cure should be under taken at once. I am mailing you an article about blood pressure; your doctor should read this at once and pressure must be attended to. CtTfl1- zation owes night workers a great debt of gratitude. Stokers are al- most always sa1low and below par as to health. Possibly your man can get an all-day job for a while that would help greatly. Coffee in excess will make any one dizzy, though a whole some drink when taken in modera- tion.f1 Read my article on vertigo. All inquiries addressed to pr Huber in care of the Health Talks department will be answered in these columns in their turn. This requires considerable time, however, owing to the great number received. So If a personal or quicker reply is desired, a stamped and self-addressed envelope must be enclosed with the question: Editor
The Bridgeport times and evening farmer., 1921-12-07
GERMANS RETURN 10 CHINA FOR
 MORE TRADE

London Dec. 7.-The Germans are gradually returning to China and picking up the threads of their for mer business; not trading for the present under their '-wn names bU in partnership with Chinese. says a re- port on the commercial situation in China, by H. H. Fox, Commercial Counselor of the British Legation in Peking.
 German dyes and paints, needles, me ;als drugs and sundries are begin ming to appear on the Shanghai mar ket, the report goes on, and 1t is stated that several important ord CTS for machinery and electric plant have recently been booked by German firms.
 There is no doubt, the report says. that the Germans, assisted by the comparative cheapness of their prod uc B, will gradually recover their share they held in Chinas' foreign trade before the war. but the process will be slow, as they have lost val uablc connections; the business or- ganizations they had so 1aboriouslv built up have been shattered, and they have suffered a serious loss of prestige in the eyes of the Chinese