davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-02-18
TARIFF HEARINGS CREATE
UNFAVORA ABLE IMPRESSION
Attitude Shows Little Appreciation of the Fact
That We Are a Creditor Nation.

If one will take the trouble to
read some Of the evidence now be-
ing presented before the House
Ways and Means Committee on the
general tariff revision, he will be
surprised at the reasoning back of
some of the arguments. Manufac-
turers and producers are presenting
the most gloomy picture of what
will happen to their particular
Industries unless they are given pro-
tective rates running sometimes to
more than 1000 per cent. Import
ers, on the other hand, are claiming
that American Industries are pros
porous, and that they do not need
this protection.
The attitude of many-too many
Of those who testify before this COM
mittee indicate that they have not
learned of the recent world war
Their arguments are the same as the
ones they used in the pre-war days,
when this country was a debtor ma
ton and when it was necessary to
maintain our export balance to pay
our debts and keep our currency at
par. All this has now been changed
and we are the one creditor nation
of the world. Reliable estimates
place Europe's debt to us at some
$4,000, 100000. of which $4,000, OOO,-
900 is due to private accounts. Any
tariff law which fails to take &C
count Of this fundamental change in
| our economic system is sure to work
severe hardship on this country.
To mention but one example out
of the many similar ones the Silk
Association Of America presents a
| gloomy picture before the House
committee of this industry running
on half-time and menaced by Japa-
| nese imports. They therefore ask
for rates of duty even higher than in
the PayneAldrich tariff law They
argue that this is necessary to pro-
| teCt American labor. At the same
| time other witnesses, representing
particularly the silk importers. deny
| that American silk manufacturers
need protection. They claim thai
present duties are high enough
They point out that in France labor
prices are relatively as high as here
and that it is very desirable to en-.
courage French imports in order t.
liquidate her debt to US. As for the
Japanese silk, they claim that the
articles are chiefly of a different
character. which do not come into
direct competition with American,
made goods.
Figures on the imports of manu-
featured silk do show remark
able increase in value during re-
cent years. Imports for the first
eleven months of 1920 amounted to
S75,566,00O, compared TO s44,I26OO(
in 1919 and $25,SSO.OO0 in 1918
During the same period re-export.
increased from $4,000 to S4.16S, 900
while domestic exports Increased
from S16,OOO,0OO to over $4,000, 900
To a very large extent these in
Creases are due to the rise in price
rather than to an increase in guam
tity of goods.
Some idea Of the relation of GU
domestic production to our import!
is given by the following figure,
Production and Import o
The Washington herald., 1921-02-18
SLUMP IN GRAINS
ON BEARISH NEWS
Colder Weather Proves Strong
Factor on Chicago Change
And Wheat Declines.

CHICAGO. Feb. 17.-An increase
in general bearish sentiment. colder
weather and lack OF news to slim
ulate the markets led to further
slump in grains today. At the close
wheat was pa to - cents lower.
Corn lost IL to Is cents, and
oats were q to l cent lower. Rye
dropped az to 3iz cents, but bar
ley closed Z cent higher.
From a slightly higher opening
followed by a brief upturn to the
high spot Of the day. wheat worked
slowly downward throughout the
session The financial situation
came forth as a market factor again.
Reports Of bank failures. later de
MED, undermined the bull position
and many longs uniOsded.
Corn followed wheat. as usual.
on a smaller scale. The colder
weather was construed as particu-
Iarly bearish with regard to this
grain. because il will harden the
roads and make possible the ship
ment of a lot Of corn which farm
ers are said to be ready to dispose
OF at the advance from the recent
extremely low price. Receipts, how %
ever. do not show any marked in
crease yet. They are hardly likely
to until late next week, even II
another big movement is beginning
to get under way.
An easter tone prevailed in oats.
with trade on the whole OF light
volume. The May delivery was
taken over on the break by a big
elevator interest. and commission
I houses did the selling, while locals
were inclined to await develop
ments.
Following are todsy's quotations on grain
! md provisions:
The Washington herald., 1921-02-18
POTATOES REGAIN
OLD LAURELS AS
U.S.STAPLE FOOD
Continuing Price Decline
Drops Commodity From
Delicacy Class.
1920 CROP LARGEST
Consumption Indicates Gain
of Half Bushel Per Capita
During Past Season.
1920 CROP LARGEST

with the continuing drop in price,
potatoes have receded from their
temporary status as a delicacy and
are assuming their old rank as a
great American staple food. This is
to be assumed from figues lately
compiled by the Bureau of Crop Es-
Inmates, United States Department
of Agriculture, which show that
between harvest time and January
l, this year, 2S5,172,OOO bushels of
tubers were moved off from the
farms on their way to the table.
This is 56,799.0OO bushels more than
left the farms in the corresponding
period a year ago, or a half bushel
additional for every man, woman
and child in the United States.
1920 Crop Largest.
The potato crop of 1920 was the
largest in the history of the coun-
try, amounting to 430,45S,o0O bush
els and, of these only 145,2S6,000
bushels were estimated as remain
ing in the hands of growers and
dealers January /. In 1919 the CROP
was 800 lOIUUV DuSnclS anu TIC
amount in the hands of growers and
dealers January l, 1920, was esti-
mated at 127.4Oo,O00 bushels.
When the potato crop has been
large, under normal conditions, the
stocks of January l have usually
been large, and in years of usual
production, before 1918, the stocks
of January l were commonly about
one-half of the crop in the total OF
| the principal northern potato-prc-
ducing States. In the case of the
1920 crop. on the contrary. the
stocks on the farm January
amounted to only one-tihrd of the
crop, and were smaller than the
average of the three preceding
years, when the production was
| much less.
Drop Encourages Consump tion.
Statisticians of the departing nj
believe the greater consumption Of
potatoes has been encouraged b!
the drop in prices. For the entir,
country the average price received
by growers was $500 a bushel Au
gust /; $751; September 1: $1.35
October /; $1.1s. November /; S1.16
December /; and s1.0S, January 1.
The Washington herald., 1921-02-18
Worlds Governments Must Cut d,
Expenditures to the Quick and
Balance Budgets Declares Gilbert

In an address at the annual meet
ing and dinner Of he Rutgers Col
lege Alumni Association of New
York City last night, S. p. Gilbert
Jr., Assistant Secretary ofthe Treas
ury. said in part:
The last four years have been
years of war and of readjustment,
with the whole world Keeling and
only now slowly recovering from
the shock Of war. Peace has been
declared in most of Europe, but
conditions are still far from stable.
This country, though still technic-
ally at war, is probably most near
Iy in a state of peace. Even here
we still face greet burdens and
must meet complex problems grow
ing out of the war, which call for
our best thought and soundest com
mon sense. We have a public debt
Of $24, 900, 600, 900, which includes a
floating debt of about $4,000, 200, 600.
The interest charges on the public
debt alone amount to over $1,000
O00,0 a year. or more than 1t cost
before the war to run the whole
government. We are still spending
at the rate of about $1,500.00O,0
a year to maintain the army and
navy, and still paying hundreds OF
millions for railroads and ships
There are many other eXtraordinary
items in the budget. l realize there
fore. that these are still abnorma
times insofar as governmental op'
crations and expenditures are con
cerned. and that in such circum
stances il Is difficult to arrive a.
sound general conclusions.
Much Progress Made.
Much progress has been made
however, on the return to a norma
state and we have reached a point
I believe. where conditions have be
come sufficiently settled to make 1
possible to draw some importan
cancellations from an analysis o
government operations during tn
fiscal years 1920 and 1921.
without doubt the most impor
tant problem in the world TO-DAY j
the restoration of general peac
and the re-establishment Of stabl
conditions in Europe Second onl,
! to this, and to some extent con
tingent upon it, is the problem o
reducing the expenditures Of gov
ernments and keeping them within
| the limits of national incomes.
general ruin is to be avoided tn
governments Of the world have go
to. cut expenditures to the quicl
and balance their budgets, stop OBJ
tanning funds through the use o
the printing press. and set abou
paying their debts and RETIRING
war-inhated currencies. The gov
eminent OF the United States ha
made more substantial progress to
ward this end and its finances ar
| in sounder condition than an,
other important belligerent.
balanced its budget. current ordi
nary receipts against current ordi
nary expenditures in the fiscal yea
Il92O. the first full year after hos
Utilities ceased. In the current ftsca
year. Notwithstanding hundreds @
millions OF extraordinary eNpendi
ture. it is balancing its budget an
for the first half of the year Shove
a current surplus OF over $3.50, 600
900. The public debt has been re
iduced about $500. 100000 from tn
high point reached in 1919.
staggering load Of debt. howeve
still remains and tho best inter
ests of the country require tina
orderly progress be made in ii
liquidation. Within about tw
years government war indebtedness
The Washington herald., 1921-02-18
ARGENTINE WHEAT
CROP ESTIMATES
ARE FALLING OFF
Current Harvest Holds
Center Interest, Says Ag-
riculture Department.
REDUCTION OFFSET
Australia's Forecast Points to
Yield in Excess of Pre-
viOus Expectations.

In its semi-monthly review OF
foreign crop prospects the Bureau
of Crop Estimates. L. S. Depart
ment of Agriculture, says: when
viewed from an international stand
point the current harvest of the
Southern hemisphere continues to
be the center of interest in the
kressnt agricultural situation. AT
present the reductions in the es-
inmates received from Argentina
are somewhat balanced by the larg-
er figures for Australia. The lat
est crop estimates for Argentina
show a poorer harvest than was
anticipated in many quarters, the
detailed figures Indicating that
storms earlier in the season hac
adversely affected the crops in
Buenos Ayres, santa Fe and Cor
doba, their output being consider
ably reduced as compared with thai
of last year.
Omctal estimates of production
are not yet definitely known, al
though forecasts and preliminary
NSAAAAdLE5 AlOlAA AAOAAANAaA oCNA 49,
and purporting to quote official FIG
Ures have recently placed the out
turn of the present harvest as fol
lows: Wheat, $4,000, 900 bushels
Compared with 214,OOO,O 900 last year
oats, 60,OOO,OOO bushels, compared
with 57.OOO,OOO last year, and lin
seed, 100000 bushels, compared
with 4l,OOO,OOO last year.
AustraIIa's Report Favorable.
From Australia reports Of rain
fall continue to come to hand. Tn
outturn of wheat appears likely |,
exceed all previous expectations, a
the production for the Common
wealth Is now reported to I47,
900. 900 bushels, compared with A,
900, 900 last year, and a five-yea
average of 100000 bushels
South Africa's Agriculture.
From the Union of South Africj
/. recent reports indicate that the ag
ricultural situation in that countr.
is about normal. The latest avail
able estimates place the amour
Of wheat to be obtained from tn
current harvest at S.2S7,OOO bush
kfls. compared with $3.50. 900 las
year; barley, 100000 bushels, com
pared with 100000 last year. an
corn, 4J.Sl2.O 900 bushels. compare
vii d 1855. 900 last year In Chile
unofficial sources state that the De
partment of Agriculture estimate
the production of wheat for tn
keason 19sO-21 at approximate
25.2O6, 900 bushels.
The Washington herald., 1921-02-18
METAL MARKET.

% NEW YORK, Feb. 1.-THE follow
ing prices were today on the New
York Metal Exchange.
Copper, spot, Feb. Mar, Apr Of
fered 13A cents; market dull.
Tin (Straights shipments). JAM
Feb, Feb.-Mar., 31% cents bid
Mar Apr, Apr.-May, 32S cents bid
market dull.
Lead, spot, Feb, Mar, April Of
fered, 4.65; market dull.
Spelter Cast st. Louis). spot,
Feb. offered 500; Mar, Apr. of.
fered $40; market dull.
Handy and Hartman quote bar
silver, domestic s9k cents un-
changed; foreign 80 cents. up u
cent.
The Washington herald., 1921-02-18

to the amount Of $1,000. 100000 ma
lures, of which about {2.5oo, 900, 900
are short-term Treasury certif-
Gates. The current expenditures OF
the government are still running
at the rate of about $4,000, 900 900
year aud the great bulk OF in
ternal tax collections and other
current receipts is being absorbed
by current expenditures, leaving
relatively little NurpIus to be APP
piled to the retirement OF the short
dated debt
AS the Treasury has frequently
stated, even with the utmost econ
omy. internal taxes cannot safely be
reduced below $4,000, 900, 900 after
this fiscal year and for some years
to come. Unless radical cuts in gov
eminent expenditures are promptly
made, it is even doubtful whether
tax collections on the basis OF 81
600, 900, 600 a year for the next few
years would provide for current ex-
| penditures and at the same time
effect the necessary retirements of
the debt.
Clamor for Reduced Debts.
In this situation. business men
]
cring for reduced taxes, and, in q
general way. for strict economy in
| governmental expenditures. II has
! become a popular slogan that there
should be more business in gov
eminent and less government in
business. At the same time, how
ever. there has been so much pres.
sure from interested groups in favor
OF large government expenditures tC
assist business, and so much gen
eral talk on the question Of econ
Omy with so little specific action
that the net progress toward re.
| duced expenditures is scarcely per
lCeptible, and II we are not careful
current expenditures will exceed re
ceipts and there will be a deficit tC
meet either by increased taxes o.
further Borrowings. 1t behooves vi
to exam ne critically the presen
situation as to government expen
ditures and endeavor to determin,
along what lines action must b
taken.
Difficult TO GeneraII1e.
1t is always difficult. to general
IL" in a matter which affects tn,
whole national economy and in
wolves so complicated a thing a.
the business of government d,
feel. however. after close study o
the developments of the past few
years from within the Treasury
that there are perhaps four fUnda
mental conditions of any effectivD
program Of economy and that thes
four conditions are so frequently
overlooked that il will be wei
worth while to bring them to you
attention tonight. The trouble i
that everybody fayors economy il
general. but economy with speCi
fc applications is unsttractive an,
unpopular. People like a spendeI
and there are always ten times a
many people interested in spend
ing the governments money as i
saving it II the public can ono
be brought to realize that in tn
long run government spendin
means taxation. and will show SUI
J fCicnt interest in the matter TO an
alyse the various objects Tor whiC
. the public funds are being sPen
? there will be some hope OF "ffeCtiV
| pressure TO reduce expenditure. 20
D.. an analysis OF government eNpendi
= lures strikinEly shows the limits q
t any program Of economy and tn
: direction which sincere efforts to re
, duCe the cost OF government mus
: take
The Washington herald., 1921-02-18
Situation in Austria.

Consul Foster. Of the American
Mission to Vienna. recently report
ed that the leather industries ~
Austria arc working to - per cent
OF their capacity. paper factories
10 % per cent, and chemical md
textile plants to Is and u per cent
respectively. OF their normal ca
paCity In the iron industry tho
lack Of raw materials has reduced
the working capacity to 50 per c, M
OF normal. The daily need Of tho
country in coal is estimated at as
600 tons. and OF this amount only
about - per cent is available
The Washington herald., 1921-02-18
u. S: Trade With Egypt
Shows Huge Increase

According to figures compiled by
the Statistical Division of the Blu
reau of Foreign and Domestic Com
merce. imports into the United
States from Egypt during December
1918 and 1920, amounted, respec-
tiyely, to s5,S2s,S4S and s2,303,lO2.
and during the twelve months ended
December, 1919 and 1920, to s3s,-
s2S,6S1 and s97,015.056, respectively.
Exports to Egypt from the United
States during December, 1919 and
1920, were valued, respectively. at
ss30,631 and s2.sss,5s4, and during
the twelve months ended December,
1919 and 1920, at s15,o75,775 and s3s,-
123,Ss7, respectively.
The Washington herald., 1921-02-18
NEW YORK PRODUCE.

New York, Feb. 17.-Butter-Msr-
ket advancing. Creamery, extras
46ha491ac; creamery, firsts, 41a4Sc;
creamery, high scoring, 471Aa5O NC;
State dairy. tubs, 2Sa46c.
Cheese--Market irregular. State,
whole milk specials. 231aa2sc; whole
milk fancy. 22a25hc; whole milk
lower grades, 121a1sc; Wisconsin
whole milk, fancy young Americas
27ha29c; State skins specials, 17h
a19kc; skins, choice. 13a161hc
Nskims, fair to good, 11a12c; skins
lower grades, sa1Oe.
Eggs Market. active: steady
nearby, brown, fancy, 4Oc; extra
3sa3sc; hrsts. 35a36c. -
The Washington herald., 1921-02-18
CHICAGO LIVESTOCK.

CHICAGO. Feb. 17.-Hogs: Active,
\ ready to 1Oc lower than yesterdays
,-tyerage. Lights of most. Average
.ost Wednesday 1897. Weight, 337
pounds.
Cattle: Beef steers and butchers
| mostly Csc higher, Top steers, 1,04O.
Z8ulls strong to 25c higher. Calves
s to SOC higher. Stockers and feed
RS scarce, Is to Csc higher.
sheep: Mostly 25c higher. Spots
IN more on lambs and yearlings.
est handy lambs held above $500.
top yearlings' So:5o' Ewes
$50. Shorn wethers' S4'5e
The Washington herald., 1921-02-18
First and Second
Liberties Sell at Par

q NEW YORK, Feb. 17.-First
and second Liberty bonds sold
ut par on the New York stock
Exchange today. Il was the FIRST
time they had touched that figure
I'm more than a year. The issue
sold as low ms 20 in May, 1929,
and made a high of 1926 i'm
October, 1918.
The Washington herald., 1921-02-18

not readily be changed to meet
changing conditions, yet a few
months time may alter the whole
question of foreign exchange values.
Copyright 1921, BY Washington Hsrald.)
The Washington herald., 1921-02-18
Production and Import of Manufactured Silk in 1a14

for 1914. the last year for which we
have adequate production figures
from the census. Quantities rather
than values are used where avail
able.
The Washington herald., 1921-02-18

Total ........ 6Ss 474g5I 50. sos O4s
'No exact infOrms ton available
the AlsHciEn held's production spp"srs
under Germany in 1919 and under France
in 1870.
The Washington herald., 1921-02-18

Quotations furnished by W. b, Hibbs
Co., Members New York Cotton Exchange
The Jewish monitor. (Fort Worth-Dallas, Tex.) 191?-1921, 1921-04-01

She knows who inspired the forgery
and the results that were expected to
follow its publication.
The Russian people, for whose eyes
the Protocols were manufactured, con-
sistently have refused to accept them
as other than they are, forgeries,
while strangely the rest of Europe
and America have been duped by
them.
The Protocols of the Elders Of Zion
had their beginning in 1884, many
years before their publication by
Nilus. They were created to serve
political purpose, following the as
sassination of Gear Alexander ii, and
were again dragged into the light for
the same ends in 1904.
Origin of Protocols.
Follows the remarkable direct evid-
ence of Princess Radziwill, proving
the Protocols to be unscruplous lies:
"After the assassination of Alexan-
der II his son and successor, the third
Alexander, took very much to heart
the fact that the murder Of his father
had been planned and executed entire
ly by Russians belonging to the better
classes.
Among them were such Russian
notables as Sophie Perowskaya and
Jeliaboff.
"The inner clique of the ultra-con-
sentative party, however, made every
effort to convince Alexander that the
assassination of his father was accom-
plished, not at the hands Of Russians,
but through the Vaccinations of the
Jews, who, they said, were planning
general conspiracy to destroy all
the monarchs of the earth.
at was General Orgewsky, then at
the head of the Third Section of
Police of the Russian State Depart
ment, who determined to convince his
The Jewish monitor. (Fort Worth-Dallas, Tex.) 191?-1921, 1921-04-01

Henry N. Vessel by Hon. Mayer Sulz-
berger.
Before adjourning the thanks of the
society were rendered the governors
of the Dropsie College for their hos
pitality to the society and to DR., Ad-
Ter, now past president, for his many
years unremitting work for the So
ciety. And the latter will be tender
ed an engrossed set of resolution by a
committee to be appointed by the new
president.
ALBERT M. FR1EDENBERG,
Corresponding Secretary,
38 Park Row.
New York, Feb. %, 1921.
The Jewish monitor. (Fort Worth-Dallas, Tex.) 191?-1921, 1921-04-01
Friday, April L. 1921.

Emperor Of this by fraud and for
gerry.
years afterwards for the poor,
weak Nicholas II, this forgery devel-
op into the Protocols Of the Elders of
Zion.
Inflammatory Speeches Sought.
"Orgewsky, in pursuance Of his bold
stroke, sent agents to Paris to prepare
the fake documents. They did their
work with care and cunning. They
searched old books, compiled citations
from Jewish philosophers and ran
sacked the records of the French Re-
volution for abstracts Of the most in
flammatory speeches.
"All this and more they did with
the sole object of attempting to prove
that the Jewish people were a gang
of murderers, aspiring to overthrow
the Russian social order, Of which AL
exander III was the head.
General 0rgewsky, Of the Third
Section, had no personal entree to the
Car. Realizing this he attempted to
reach the Emperor through the per-
son of General Tcherewine, the head
of Qkhrana 1.-THE Cars personal
police. 1t was the latters duty to
guard the person of the Emperor.
"Tcherewine, however, refused to
lend himself to the plot and as re-
suit, perhaps, 0rgewsky soon resigned
his post.
"The Paris report-that is, the
draft Of the forgery-remained in the
archives Of the Third Section.
General Tcherewine also, know,
retained copy, which he included
in his memoirs. The original manu-
script of this book he left in his will
to Car Nicholas II. A copy he gave
to me. was one of his closest and
dearest friends.
"And once again, following the Jap
The Jewish monitor. (Fort Worth-Dallas, Tex.) 191?-1921, 1921-04-01
In An Exclusive Interview With
Isaac Landman.

At last, and for the first time, it is
possible to proclaim and prove that
the Protocols Of the Wise Men of Zion
from beginning to end, are forgeries.
Proof Of this came into possession
Of The American Hebrew on Monday,
February 81.
Since 1905, when the Protocols
made their appearance over the sigma
ture Of the mysterious Nilus, Jews
and fair-minded non-Jews the world
over have sought to prove them
mass of lies. While there has been
circumstantial evidence galore direct
evidence was lacking up to this time.
1t Is Princess Radziwill, a writer of
note on matters Russian and European
The Jewish monitor. (Fort Worth-Dallas, Tex.) 191?-1921, 1921-04-01
Page Forty-Four

the Principle Of the Right of Asylum
Historically Considered"
The following necrologies of de-
ceased members of the society were
read, viz: Marcus Brann by Prof.
Alexander Marx, Louis j. Aaron by
Mr.. A. Leo We'll, George Louis Beer
by Mr.. George Sidney Hellman,
Emanuel Cohen by Mr.. Charles ].
Cohen, Harry Cutler by Mr.. Louis
Marshall, Clarence l. de Sofa by Hon.
N. Taylor Phillips, Albert Hessberg
by Hon. Simon W. Rosendale, Abram
S. Isaacs by DR.. Joshua Bloch, Simon
I. Kohn by Hon. Horace Stern, Louis
s. Levi by Rev. DR.. David Philipson,
Jacob H. Schiff by DR.. Cyrus Adler,