davidaulloa/AmericanStories huggingface dataset:
Every evening, Wilmington daily commercial., 1921-09-10
Ella Thacher Union Meeting.

The regular monthly meeting Of the
Ella Thacher Union, w. c. T. r., will
be held in Harrison Street Church
Wednesday afternoon at 2 O'Clock.
There will be election Of officers and
appointment of delegates to the State
Convention to be held at Lowes, Oc-
tober 8. 6 and Z.
Every evening, Wilmington daily commercial., 1921-09-10
Meeting at Washington Heights.

The regular monthly meeting of the
board of directors of the Washington
Heights Century Club will be held
Tuesday, September 13. at go O'Clock.
at the club house.
Every evening, Wilmington daily commercial., 1921-09-10
Home Missionary Society TO Meet.

The Woman's Home Missionary So
ciety of Harrison Street Church will be
held in the church Tuesday afternoon
at 2.30. Mrs. William A. Hitler will be
hostess.
Every evening, Wilmington daily commercial., 1921-09-10
Scott Epworth League Picnic.

The Epworth League of Scott
Church will give a picnic this after.
noon in the woods along the Brandy
wine.
Every evening, Wilmington daily commercial., 1921-09-10
Catholic Daughters OF America.

Monthly meetings will be resumed
By the Catholic Daughters of America
at K Of C. Han next Tuesday evening
Every evening, Wilmington daily commercial., 1921-09-10

New Son in Aston Family.
A son was born yesterday to County
Assessor and Mrs. John c. Aston.
Every evening, Wilmington daily commercial., 1921-09-10

Mr.. and Mrs. Joseph II. Warfield. Jr.,
and SON Jack are spending several
weeks az Beach Haven.
Every evening, Wilmington daily commercial., 1921-09-10

Mr.. and Mrs. ]. Rankin Davis have
returned 10 their home at the Belmont
Apartments, after spending the summer
IN Newark For part OF the summer they
had As their guests the mother a1S
SISTER of Mrs. Davis, Mrs. William O.
Holt and Miss Juanita Holt, OF Texas.
Every evening, Wilmington daily commercial., 1921-09-10

Mrs. Frank dc Almond will return
within few DAYS from Rehoboth,
where she has been spending the sum-
mcr.
Every evening, Wilmington daily commercial., 1921-09-10

Mr.. and Mrs Arthur X. Taylor and
sons. Richard and Arthur, Jr., are visit
Ing Mr.. and Mrs. William j. Robb, 905
GIipin avenue.
Every evening, Wilmington daily commercial., 1921-09-10

Mr.. and Mrs Hollyday s. Needs re-
turn today from a cruise on the yacht
Tech IN northern waters.
Every evening, Wilmington daily commercial., 1921-09-10

Mrs. George r.. Grubb is spending
spfnc time at Atlantic City.
Every evening, Wilmington daily commercial., 1921-09-10

Isaac Richards, prominent citizen
al Hockessin, observed his S4th birth
dav anniversary, last Thursday, by at
tending the State Fair He is remark.
ably we'll preserved, and his keen mind
and faculties for observation have
enabled him 10 retain interest IN al
matters Of public welfare. He found
many acqualntances at the fair and his
visit proved mutually enjoyable.
Every evening, Wilmington daily commercial., 1921-09-10

Miss Elizabeth Van Gelder leaves for
Wellesley College on September IL.
Every evening, Wilmington daily commercial., 1921-09-10

MIR. and Mrs. Wilbur c. Jones and
ton. Nesterman, are motoring to Lake
George, where they will occupy, through
September. a camp on the shore front
They viii probably see something OF the
Adirondack resorts before their return
sn October At present Their summer
homo on the Chesapeake, Twin Lodges
- being occupied by Mr.. and Mrs
William Corey, Mr.. and Mrs. Homer
narrv and their friends.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18

plans of France rest on the ability
of Germany to meet her PREPARATION
payments. "There is a question III
my mind" said Mr. FELTON,, whether
Germany can meet the full repara-
ton payments which she has bound
herself to make. She has a great
advantage in competing in foreign
countries, because she is on a paper
mark basis, but the only way she
can pay her Preparations Is through
the expert of manufactured and
commercial products which are the
result of the industry Of the Ger
man people. Germany may be able
to meet this requirement, but to do
so the United States and Great
Britain would have to step aside and
let Germany take our exports. This
is hardly to be considered, certainly
not by England.
at is interesting to note that
while the freight rates in Germany
have increased 900 per cent, as COM
pared with pre-war rates, in Eng
land and France 125 per cent, in
Italy over 150 per cent, our people
are clamoring for reduction of
freight rates, while the increase
over prewar times is only about IS
per cent" said Mr.. FELTON,. "The
impossibility of reducing rates until
the cost of living and wages come
down is fully recognized on the other
side"
Mr. FELTON, visited the war Scared
portions of France and drew
rather different picture than that
brought back by many American
casual tourists. He was impressed
especially with the great tracts of
land which had been covered for
miles with immensely valuable for
ests, the timber of which had been
destroyed as if the Germans had
gone in with axes and cut the trees
down. He said that he was very i'm
pressed with the number of towns
and villages which had been simply
wiped off the map and destroyed. No
American, he thought, could see the
suffering which had been inflicted on
France and Belgium without sympa-
thizing Fundamentally with their
present feeling toward German repa-
rations.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18

turing industries generally, and very
especially wages on the railroads, In
the bituminous coal fields, and In the
building trades, are still much too
high.
~. Building materials are too high.
IS. Steel has not yielded adequately.
IS. Railway rates on steel, building
materials and other bulky goods are
much too high, though some readjust-
ment has been made.
Right railroad rates from the stand
point of the railroad compsny itself
are rates which will move traff1c, rather
than rates which stop traffic. The old
fashioned railway rate makers knew
this. They made their rates, not whole
sale, but piscemeal, with reference to
what the traffic would bear and found
1t best for the railroads themselves to
charge low rates on bulky stuff, which
would cover the direct costs Of moving
the bulky goods, together with some
contribution to- the overhead expenses
Of the railroads, rather than to charge
much highes.fates at which the bulky
goods could not move in volume.
Right wages are wages at which
full employment can be brought about.
1t is far better that labor should have
full employment that that part Of the
labor force should be employed part OF
the time at very high wage rates. We
cannot Danish moral principles from
the determination Of wages, as we
can from the determination Of market
prices of goods. But the very best
friends of labor must appreciate that
wages which are so high as to make it
impossible for employers to produce
goods at prices which the market will
pay are of no advantage to labor. The
far-sighted business man will not be
eager to reduce wages more than neces-
sary. The far-sighted union leader will
seek to reconcile his followers to such
wage readjustment as is necessary to
facilitate business revival, knowing
sion would lead to disasterous breaks
In wa1e standards"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18

serve. The law which brought the
latter into being provided originally
that banks in Central Reserve cities
should keep 18 per cent reserves. In
the beginning this was to be allo-
Gated per cent in their own vaults,
z per cent with the Federal Reserve
bank OF their district, S per cent in
either their own vaults or at the Re.
serve Bank. Further, they were re-
quired to keep per cent against
time deposits. Banks in Reserve
cities were to keep Is per cent re-
serves against demand DEPOSITS, and
all other banks were required to
keep II per cent. these reserves be-
ing somewhat similarly distributed
between their own vaults, those Of
the Reserve banks and their other
repositories. Under a subsequent
amendment which now is in force,
banks in Central Reserve cities
maintain 13 per cent reserve against
demand deposits, banks in Reserve
cities 10 per cent and other banks Z
per cent. All are required to keep 8
per cent against time deposits, and
all reserves of whatever description
must be kept on deposit with Federal
Reserve banks.
Since 1917 the item Omitted
States Deposits" has appeared in the
weekly summary. This represents
current balances belonging to the
Treasury, and usually these balances
arise from the sales of Treasury
certificates Of Indebtedness. While
the Treasury was in process Of float
ing the several Liberty loans much
OF the money raised by these opera
tons found It's way into this account
while in transit to the Golfers of the
government. AT its peak the item
ran into many hundreds Of millions
CT dollars. AT the present time it
fiuctuates from very small figures to
fairly large ones, but it is rarely
that it exceeds SIS, 000,0 900 to $780,
100000. In the bank statement gov
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
Discuss Possible Wage Re-
auctions; Trading in Cot
ton Has Now Reached
the Negotiation Stage

NEW BEDFORD, Mass, Sept. 16.--
Discussion of possible wage cut in
the textile industry came to the fore in
what has been q quiet week in the
gradual adjustment the industry is
making to meet the new price level Of
raw cotton. Throughout the industry
there has been frmer tone at work
and manufacturers believe that trade
will follow more tangible basis than
during the few weeks preceding.
The wage question which has one or
two occasions made its appearance
since the 225s per cent reduction in
textile workers pay last December was
brought to focus by the report that
Rhode Island manufacturers are now
considering another 20 per cent cut to
be effective about the first Of Deem
Der. This report was met with q fiat
denial that any reduction is being con-
sidered by the Fall River Cotton manu-
facturers' Association by prominent
member who asserted he expresses the
belief of all members. Furthermore,
he said "a cut would be vigorously OPP
posed by a number of mill men. During
the war the manufacturers and textile
union representatives inaugurated a
practice of comforting every six months
as to the prevailing wage scale for the
next six months. While the under
standing is verbal, it has always been
adhered to. The attitude of New Bed
ford mill men toward cut has not
been known.
Abraham Binns, secretary of the
Viewers Union, the largest labor group
in New Bedford, has declared that an
additional wage cut would throw the
textile industry into probably the most
disastrous rtsike it has ever known. He
condemned the talk as "malicious and
Irresponsible" propaganda, He points
out that it would place the textile in
d"strv on basis where it would pay
tribute to other industries which have
not yet gone through defation on the
same scale as the textiles. In the face
# advancing living costs he expressed
he oninion that wage increase would
20 more pgical.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18

right and wrong have little to do with
the matter. The question is an eco
nOmic question. Those prices are
right from the economic standpoint
which keep tho industrial machinery
moving.
"'Right prices may be defined as
prices which will move goods. The
out what right prices are Is to have
flexible, competitive, two-sided mar
ket, and to let prices go UP or down
in such market until supply and de-
mand become equalizod. Then goods
will move, the markets will be cleared
new supplies will be called for. and
business activity will go on. II prices
are held above the point which open,
two-sided competition would bring
ab/lt, the tendency is for consumption
to fall off and for stocks to accumulate,
cially set below the level which open
market conditions WOULD bripg about
the tendency is for consumption to go
too fast and for production to be
checked. leading to a scarcity. II
prices are left free from artificial con-
troll, however, and if sellers, as we'll as
buyers, really compete vigorously and
effectively with one another in the
prce-making process, right prices can
pe reacneu ana business revival can
CONS. We have undoubtedly made prog
ress''in the direction Of right prices in
recent months, and business revival is
consequently just that much nearer.
There remains, however. six main
classes Of resistance points:
81. The prices of finished "n,anufac-
lures are still much too high as COM
pared with farm products and raw ma
terials.
"2. Retail prices have not yielded
adequately.
SO. Wages are still too high by and
large, though scaling down of agri-
cultural wages in the South has gone
very far; and agricultural wages have
yielded greatly in some other parts of
the country But wages in manufac-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
Firmer Tone i'm New Bedford

The cotton market has reached the
recognition stage in New Bedford. Fall
River, Providence and Boston are re-
ported as continuing more active than
here, but nothing like the customary
transactions for this time of the year
are in progress. Prices remain much
the same as last year. The reaction
brought a temporary interest of
slight volume. Manufacturers are in
the market, but not at the prices
quoted, while the South is no more ag-
gressive in it's offerings. Brokers ex-
press the view that it is now only a
matter of negotiation for the manufac-
turers and growers to arrive at the
level at which the new crop will be
sold.
Cotton receipts in the five principal
cotton manufacturing cities of New
England were $4,000 bales short in Au-
gust of this year over the same month
last year July was even proportions
ately smaller, while June was also
light New Bedford received only
1920 bales in August, 1921, compared
with 26,277 in August, 1920. Fall River
received 1926 for the month last
year and 1854 last
Manufacturers Of the finer goods in
New Bedford still insist that the cloth
market is not following the advance
made by raw cotton. But the wesk
here and in Fall River has been in
line with the Improvement in demand
and strengthening of prices which has
been In progress two or three weeks
Several mills in New Bedford are
starting more looms gradually, while
none are reported as dropping any
from It's employees roll
Mill dividends for the quarter have
attracted attract considerable attention. even
single New Bedford mill passed it's
dividend {, while only one or two did in
fali River. The average for New Bed
ford was S2.dd "a share A total Of
Sl,Ho9.551 dividends on a s53.663. 900
Capitalization was paid.
Fall River mill stock continued to
bring higher prices, Further in
creases for the week averaged about
S3 share. the largest ain having been
made BY, the Flint at $40. New Red
ford mill stock remains with only a
few mills showing Slightly higher QUO
tations.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
Farmers Condition
Presages Better
Business Trend

WASHINGTON, Sept. 17.-Farm
products and their prices beng the
true barometer for measuring the
country's volume of business accord
ing to Archer Wall Douglas. chairman
of the committee on statistics of the
Chamber of Commerce of the United
States, the outlook for the future Is
more promising than present condi-
tons
..'The story" says Mr. Douglas. rs
much the same everywhere: A partlai
and unequal harvest; plentiful returns
in close juxtaposition with parchea1
end burnt up fields; prices and demanu
for farm products that are far from
satisfactory to the producers: tss
these same products are seeking :
market wherever they can find 1t tnas
the obligations of the farmers may ps
discharged. There is an abundance u
foodstuffs in the country despite snaii
vi rs in some grains.
,ustained higher prices for cotsch
mean an amount Of business IN Ins
South that can come from no othsI
cause. Nor does it seem to be iiSe,,s
that there will be that fatal and fuuss
holding of cotton for possibly hignss
prices that characterized the previoass
season. The memory of that despersss
naisteke and it's enduring consequences
are too recent to bring its repetition.
IF there is demand OF Aas
moment, foreign and domestic, from s'
now on-and this at least seems lises
the greater portion of the esr1ss
over of cotton in this country VIII nav
been practically used up by july y
next year. it'll general business Ans
readjustment on an ascending scale, -
home and abroad. we shall be facing 80
situation where the greater part o. ' ~
worlds supply of cotton will depeno -
the growing crop in this teuat ~
What such contingency means 70 ny o
prosperity of the South sounds wv
optim istic to put in cold print -
"The rev phase of the situation IN
ready finds expression. not oniy i; j.
widespread more cheerful feehns .sv
the South. but also in somewhat TIA shs
buying. Yhis is true likewise we we
grain regions. where farmers arg
literally marketing hogs, wheas -
corn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
Trade Revival
Is w aiting for
Fright Prices
Il. MI. Anderson Jr. Holds
Business Recovery Will
Come When Quotations
Arc Made to Move Goods

NJ ENJAMIN NJ. ANDERSON
~ Jr., economist of the Chase
National Bank of New York,
holds that the business revival will
come when right prices have been
reached. Discussing what are fright
prices" before the. West Virginia
Bankers Association last week Pro-
fessor Anderson said:
"The question of right prices has
been discussed too much as If it we're
a moral question. In the Middle Ages
it was chiefly discussed by clcrgymen
and largely on theological basis. The
idea that prices are morally right or
wrong, just or unjust, is an idea which
has real meaning only in the case Of a
very narrow market, as a local retail
market, where enc party to buying
and selling contract is pretty much at
the mercy of the other. But in the
great markets, where there are many
buyers and sellers, questions of moral
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18

illustrative of this spirit was the
feet that the machinery exhibit space,
usually the last to be taken each year,
was the first Of the general classified
tons of exhibits to be completely
booked up. The display Of Canadian
made machinery was the largest ever
shown at the annual fair and attracted
more interest than usual Because of
the adverse rate Of exchange Canadian
manufacturers, according to the ma
cl1inery men, are depending less on the
American market for new machinery
and requirements, and are patronizing
their home markets more.
The first all-Canadian motor car.
made by a company financed completely
In Canada, although using an American
engine and some equipm emit made in
hibits
In the textile field, from information
CLEANED at the exhibition and in inter-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
Electricity CheaD

representatives OF various industrial
concerns displaying their wares at the
Canadian National Exhibition this year
reported business as dull, but showing
some signs Of increasing. Electrical
household appliances were sold freely
during the exhibition, due largely to
recent extensions of the hydro. electric
system in the Province of Ontario.
Toronto and the rest of the province
enjoy the cheapest electrical light and
power supply in the world, supplied
from Niagara Falls, and this has led
to the development of electrical appli-
snces to a greater degree than in pro-
portionately populated districts in the
United States.
Attendance at the Canadian National
Exhibition this year was the largest
on record. more than 100000 visitors
having passed through the entrance
gates. The previous high water mark
was an attendance of l POI 900. in 1919,
the year that the Prince of Wales off,
claiiy opened the annual fair. Figures
on the amount of business placed with
exhibitors are not available, but ac-
cordlng to private reports the amount
was fully IN to that of 1920. Cautious
buying, particularly by retailers who
visited the exhibition, was reported in
practically all lines. Orders for auto
mobiles were fair. according to reports
but were concentrated chiefly on the
cheaper priced cars of American make,
which in Canada run about az per cent
higher than they do in the United
States, because OF the duty and ex-
change.
AT the exhibition this year an at
tempt was made to typify the national
progress of the Dominion. keep Ca
nadians employed by buying Canadian
products and Canadian manufactured
goods" was a slogan displayed in al
most every booth at the fair, and the
Made in Canada" mark also was prom
inently featured With Canadian
money at discount in the United
States, hitherto the largest source Of
manufactured goods for the Dominion
the Canadians are endeavoring to de-
velop their own industries to a point
where production will be sufficient TO
care for ali domestic demand.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
Canadian Business
Outlook Improving
Toronto Fair Brings Out Large Number
of Buyers, an d Spirit of
Determinat ion Prevails

IN ESPITE continued depression mo
business feel theS the come ana a..
better days lie Immediately This year at the cra
National Exhibition annual held in Toronto w
in September there determination 70 r
Canadian depression and on the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18

New York Clearing House Banks


follows:
companies .::........... $4,000 Dec.
Net demand deposits
Circulation
Excess 54625,240
Aggregate reserve 542418,000
deposit
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
In Industrial Pursuits

while in Germany nearly the en-
tire male population is engaged in
industrial pursuits" Mr.. Felton, said,
Gin France there is in active service
an army of nearly 100000. Count
ing the men necessary to feed, clothe
and equip the army, this means at
least 100000 men not productive
industrially. The cost which is
charged to the Germans Of support
ing the armies of occupation in Ger
many takes just that much away
from what otherwise goes to pay
reparations. This puts heavy
burden on France, and one which
her statesmen apparently see no way
of escaping"
The present and future financial
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18

much impressed with Darwin F.
Kingsley's view in regard to the way
Germany has gone to work. Self
contained as Germany is-living on
paper currency but able to establish
gold credits abroad through her ex-
port-she is in a position to monopo-
lize export trade if England and the
United States were willing to let
her. Whatever the United States
may do, England will not be willing
to permit Germany to take her ex-
port business. away"
The great Krupp works were
turned from building guns and turn
ing out munitions almost imnlediatc-
ly and are running at full time
building locomotives and cars with
ample and most efficient labor. Mr..
FELTON, was told that German indus
tries manufacturing articles for ex-
port already had orders on hand far
in excess Of their present capacity
and were finding, with their expenses
being paid in marks and their orders
being taken in gold, that they were
having comparatively little trouble
either in South America or else
where in competing against English
or American-made goods. One re-
suit was that the freight traffic on
the railways was only Is per cent
less than it had been before the war;.
whereas in France and England the
railways are not handling as large
a proportion Of pre-war traffic as
%hto