davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18

These brighter international pros
poets are not altogether reflected In
Congress. There is now what seems
to be an almost positive assurance
, hat the original soldiers bonus bill
II last session will be adopted. state
ments to this effect have been made
without qualification by Senate lead.
crs. Such action necessarily means
new taxation. and hence the offering
u a sales tax bill in the House. This
5ill stands a good chance Of becoming
aw IL the OUTLAWS under the bonus
measure are not provided for out Of
one other fund. A favorite sugges-
,on in Congress today is that Of pay
,ng them out of the funds collected
rom foreign countries on debt &C
')unt. This. of course, is imagination
- political deception. since even at
he best no early collections Of such
interest payments can be looked for.
;Jme of the foreign countries have
n fact indicated that they cannot COM
ny with the refundinE terms sug.
;ested in the pending legislation. I'm
til this question is settled there will
necessarily be more or less disturb
ance Of foreign exchange quotations.
bonus paid through fresh bond is
sues would damage the improved
3 .atus of public credit most seriously.
Railroad Rates and Values.
A beginning has been made by the
Ir terstate Commerce Commission In
it's inquiry into railroad rates. Mean.
while the labor board has ruled that
ten hours work will constitute a day.
labor at normal rates while the roads
have given notice of a reduction In
he wages paid at the present time.
announced reductions of a sweeping
"haracter in the amount Of employ
aent given by such roads as the B.
" O.-attributed expressly to business
extraordinarily cause a feeling
OF hesitation among investors which
10 only partly Offset by continued re-
ncrts of good earnings. statements
that operating expenses are being cut
and that the volume Of traffic Is show.
ing Improvement. The declaration of
its dividend by the Northwestern road,
as well. as similar action in other direc.
tons, has had generally beneficial
erect upon current prices. Values OF
railroad securities have on the whole
maintained themselves very well, not
withstanding this mixed situation. The
outcome of the commissions rate In.
vestigation will, however, have a large
effect on the securities OF the roads
as investments because II should ma
terially assist in settling the question
whether the roads are now In a divi.
dend-payins condition or not. and II
not, what rate policies should be fol.
lowed with respect to them.
Favorable Industrial Reports.
Although the report Of the United
States Steel Corporation as made
public at the beginning Of the past
week, showed very slight falling
off In the amount of untitled orders
the total shrinkage being 10000 tons
the amount is SO small with the
shrinkage OF 273,000 tons for the PR
ceding month tOctober) as to be OF
10 inheritance. Particularly In this
true In view OF the fact that the new
business which the company In get.
ting Ia at last on a better scale than
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18
INVESTORS SERVICE
One Bond High Crude. One Not

One Bond High Grade, One NOT.
q. III. il would be very much
obliged II you would give me infor
nation about New York TelephOn'
Company per cent bonds that ma
ture in 194l and the American Writ
ing Paper Company Z per cent bonds
that mature 1899, as I am thinking
of investing $1,000.
Answer-New York Telephone Com.
pany per cent bonds stand for one n
the most attractive investments Of
fered in a numbe rof years. BY ~
means include one Of these bonds In
your purchase.
American Writing Paper first mort.
gage 20-year bonds, due 1899. issued in
1919, paid per cent until the termt
nation of the war between the United
States and Germany. They now pay
only 8 per cent and at 80 yield 8 per
cent. 1t Is a fair bond, not high grn l.
as the other. We suggest in place ot
it New York Edison 81 per ceh'
bond, due 1841. not callable for fiftenn
years New York Telephone bonds
are not callable for ten years.
$1,000 to Invest.
j. M. NJ have $4,000 to invest
III DOUOS. a ITlenu SuSkestS VN''-
homa Gas b Electric Company first
and refunding mortgage 7M's, due
1941. Is this a sound investment
and do you advise II? Also what is
your opinion Of Jacob bold Packing
Company 81 per cent preferred
stock at parf
Answer-OkIahoma Gas 4 Electric
sc, 0OO, OO0 ~ per cent gold bonds are
a first lien on the entire property, sub
ject only to the lien of a closed mort
gage securing s2,7ss,000 bonds out
standing In the hands Of the public
and also 81 800. 900 of bonds pledged
as additional security for the first md
refunding mortgage TVS.
The company's earnings for the year
ended December 81, 1920, were more
than twice interest charges on this
issue and on the first MORTGAGE bonds
Earnings OF the properties 20 far this
year are said to have bern equal &c
last years. and over the past five
wears have shown substantial growth
in gross and net. Buy only one OF
these bonds.
Buy New York Edison Compan,
81 per cent hond, due 1871, non-cal
liable before 1886. Jacob Dold Pacltinr
preferred is probably secure enough ms
to dividend, but 1t doesn't yield enough
for a stock investment. especially one
that Is not listed.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18
Weekly Financial Reuiew
BY HENRY CLEWs.
of Henry Clews Co.. New York Bankers.

NEW YORK Dec 17-General recognition of the
cessfu prospects of the conference and evident
approaches plan of joint action on International debts
the past week They fully account for the decided ad
that place in foreign exchange especially
when is remembered that figures for the past two months
show steady growth in the power of various European
Britain which at last recovering from the effects
no al strik
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18
Resources Not Business.

Resources are not business at any
given time. Resources are not power
that can be made useful on demand.
We all remember how It was said
Russia. with her enormous resources,
could smother Japan. could overwhelm
Germany. But Russia and her re.
sources could not do 1t; instead OF
smothering or overwhelming others.
she was smothered and overwhelmed
by them. both in business and in war.
We all remember also how II was
said long ago that when China woke
up and took advantage of her enor-
nous resources, she would wipe
japan from the commercial and po-
litical map. Did she do It. will she
do 1t? She did not and she will not.
What is the lesson? That resources
alone conquer no enemies in war. win
no trade in peace, make no business,
enrich no workers, create no pros.
perity, and spread abroad no CON-
fort or contentment.
There is no use in counting re-
sources as a miser counts his money;
no use in getting great people drunk
with figures about what they own,
as long as no way is shown by which
they can use their wealth to advan-
tage. For a generation everybody
has been drenching Russia and China
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18

Tremendous Wealth.
We read that the American people
have 100000 acres OF handsome
good and some poor--still open for
settlement; that they possess 200,-
100000 acres more In national reser-
vations; that they have used minerals
which some day will bring into the
Treasury at Washington $12.000.000.-
900; that we have under ground co.
600. 900, 900 tons of coal. or half the
resources Of the whole United King
dom.
All these things and many more
the American people own as a ma
ton. 1t IL an enormous estate In the
hands Of the Government as trustee.
But that is not all. In one coal
field, the Appalachian. the total re-
serves Of unmined coal are 650,000.-
600. 900 tons, or three times the amount
in Great Britain.
And coal is King.
II we wished to drench ourselves
with optimism, intoxicate ourselves
with big figures, we might go on In
definitely with such statements. They
can be made as stupendous as the
estimates Of Ch!na's undeveloped
wealth or the forecasts of East Asia 3
business future.
Worked as Germany's resources
have been worked-or England's or
France, or ItaIy's the resources Of
the United States would suffice to
buy and sell every nation Of Europe
this side Of Berlin. But they still are
largely resources. There is the rub.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18
New u. S. Trade Policy
Like Monroe Doctrine
Hoover's Replacement of Mellon Inter-American
High Commission of Sweeping Influence
In Latin-America.

There are indications that an important foreign
policy rs in of specialization affecting Latin
American affairs An outline Of the policy which still
the formative stage. would indicate developments of
the utmost Importance and the possible formation of
OF Monroe Doctrine League PanAmerican Association
OF Nations having farreachng influence affairs of the
western hemisphere, bulletin of the Federal Trade
Information Service.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-08-01
Mother SObs as BOy
Thief Is Jailed
Cont nucd from Pnge One

was sick? He was sorry? Yes. of
course. he was sorry. A person would
know that. He had been sorry from the
first
Gradually the boy in the gray suit lost
his stolidness. He began TO talk and
then came the statement that he had
come for his mothers sake
In few minutes the boys father
made his way into the antcroom and
from ten on until the dramatic moment
IN the courtroom that brought the hear
ing to an end. the parents Of Charley
Hoffman stayed with him.
Neither Of the parents took the stand.
+. II. White. of 46 North Sixth street
from whom the youth is said TO have
stolen $3.50. mostly in checks. testified
before Judge Brown. that Hoffman had
been in his employ as an Office boy
and had been sent to bank to make a
deposit Of the amount in question
Hoffman failed to appear at the bank
to make the deposit. Hoffman was
placed on parole a year ago after he
had been found guilty Of forging checks
0r the Corn Exchange National Bank
In imposing sentence today. Judge
Brown said kindly. '1f pou make good
use Of your time at Glen Mills. you
may grow up into useful citizen
some day"
The sentence will amount to from
one and half years to two years. il
was said.
After the hearing young Hoffman left
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-08-01
All City Laid Waste
by Planes in Theory
Continued from Page One

making the slight turn about Oregon
avenue and heading for Hog Island.
Al the Navy Yard no Preparations
had been made to "rcpel'' the invaders
Commander ]. e. Wcstervclt, in chnrg"
Uf the aircraft factory at the Navy
fnrd. said no aircraft dcfcnscs had been
set up even in theory.
III wouldn't be fair, he remarked
''The army fiers wouldn't think that
would he right. Anyhow. il would
have been against the well known ira
6itions Of the navy to put mp de.
fence
From Hog Island the bombcrs swept
northward Igain In u wide circle, and
when next sighted from city lIlll. n
II :53 o'clock. were following the line
of Broad street southwnrd. Once lnGrn
they swept over the municipal building
and continued south 10 about Point
Rrecae avenue. whore another turn
westward was made.
The bomhers apparently were making
for the old plant of the Remington
Arms Co. and tho EddyStonp Ammuni =
tion Corporation. At - 80 O'Clock
the observation plane of General Nit
, chell appeared from the west and
circicd the City Hall tower twice.
This return trip evidently wns made
10 observe the results Of the terrific
bombing the city had undergone in
! theory. General Mitchell 5 plane turned
northward after circling City Hall and
soon disappeared.
! The squadron left the flying field at
Mineola. l.. l.. shortly after 10 O'Clock
/ m i to proceed to Langley Field. Nir
ginia today. II will pass Wilmington
ana Baltimore on the southwark high,
and will fy over the Eavnl Academy
, at Annapolis.
II III" men are not too exhausted
from the work Of devastation here they
may sprinkle few thcorct iCal bomb,
on Wilmington and Baltimore.
! The whole thing is a part of the ait
problem that is being worked out BY
! the army avirtors and which ha. al
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-08-01

had been a probationary nurse there.
The man In charge was particularly
anxious TO have II known she was not
n graduate nurse and that she left the
hospital after a short time. lie re-
fused to discuss the reasons for when
she left. l.,
Detectives who entered tue room de-
scribed Sara Cowcn us very pretty an'i
exceedingly we'll dressed. They expect
tt. learn OF her recent history from the
chauffeur with whom she registered.
Baltimore, Aug. miss Sarah Camp
bellina Cowen Monson was the taughi =
ter Of the late John X. Cowen. presii
dent of the Baltimore and Ohio Rail
I Dad. former member of Congress and q
brilliant lawyer. She was about thirty
three years OF rgc and highly accom-
plished, When she made her debut In
baltimore society she was declared to
bc the most beautiful bud Of the season,
Her marriage to Charles Monson. Jr.
son of retired capitalist OF New
Haven, in 1900, was followed by a di
yorce which Mrs. Monson obtained tive
Years later In the State OF Washington
on the grounds Of abandonment. Mon
son made no defense.
Miss Cowen had not been in Balti-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-08-01

the courtroom with his parents and
talked with them for half an hour.
win Face Punishment
well. it's over now," he said, "I'vc
got to take my punishment and I'm
ready to 60"
He told me he was very, very
sorry his mother said as she returned
home to the little home she and her
husband are helping to pay for in Col
lingswood He said he meant to begin
all over again. I'm going to stick by
him, Of course. He never had any other
vice. but just that one and he always
loved his home. Why, l couldn't chase
him out of 1t.
He hasn't any plans for his future.
He just wants TO bein all over again
and forget about it.
Meets Probation Deer
Before the hearing young Hickman
had hearing with Walter s. Heed,
the probation officer who took him into
his home for three months after he had
been paroled for his first offense.
"I'm sorry went back to you," he
said to Heed. ~ don't know why
took the money. I had it ind I just
took IT," He broke down during the
interview.
Looks Haggard and Pale
Hoffman, meteoric career which led
him from Philadelphia to Memphis, hns
left its traces on him physically. AL
though he was smartly garbed today he
looked haggard and disillusioned. He
has lost twenty pounds since he left
Philadelphia. Part of his trip included
200 mile trip in rowboat down the
mississippi River. 1t took a week, and
for two days of the trip Hoffman wa:
i'll with fever. The rest Of the time ht
helped row.
In Chicago. he mad engraved 1000
, cards marked Marshall Hayes. CONNER
rial illustrator. These he owned up h,
distributed freely. 1t is Hoffman's ain
to become q commercial illustrator somt
day.
Mr.. Heed who befriended the boy i
still "his pal" but he says the boy hai
had his chance and must take his medi
cine this time. His mother partly at
tributes his second offense to the fac
! TINT too much temptation was put in hi:
way. Such young boys should not b'
trusted with such large amounts o
money" she said.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-08-01
HUGE BERLIN CROWDS BACK
! HARDING ON DISARMAMENT
f'ko More War" Cry 26 orsaniza.
tions Throughout Germany

4 Spoet1I Gable Dispatch. Copyright, 1891
Vi Berlin, Aug. 1.-t;uarded by thou
| neands of police with rsvolvers and rifles
yoro protect them from the Junkers,
I; ,;ewehts- ak organizations, including war
cripples and pacifists, held demonstra-
tions throughout Germany yesterday
under the thousand hammered slogan
sf'No More War;
III Republican. Democratic, Socialist and
religious societies, including the Quak-
ers, participated in parades and meet
Angs,, the chief of which was held in
The Lutsgarten, in front Of the former
\ Kaiser's palace. More than 90 ,00O per-
Sons there cheered for world peace, some
ppraising President Harding's disarma =.
fnent program. while reactionaries and
Followers Of the former Kaiser snarled
and cursed. and called even the crippled
soldiers swine and dogs.
~ Thus was celebrated the seventh an
niversary Of the declaration OF the
fWorld War. or as one of the pacihst
banners announced. The seventh an
nlversary Of the great war murder. y
Other banners and many speakers en-
phasized the point that peace had not
yet come TO Europe. but the majority.
Instead Of being German partisans.
called for any and all plans that would
svert another conflict such as that of
1914.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-08-01

ready resulted in the destruction Of New
York. Washington, Newport News.
Norfolk and Richmond.
This city Is entirely without defense
against air raids, according TO General
Mitchell, and its wiping out will be
kindergarten stuff TO the aircraft
which have just sunk the German
feet" The only defense against an at
tack such as that proposed today is an
cir squadron Of equal force, according
to the General.
Commandment Doesn't Flinch
Rear Admiral l.. NJ sutton. COM
mandant at the Philadelphia Navy
Yard. declined to get excited over the
attack upon the city.
He said he received no orders from
Washington to prepare any defense
against attack and was not in the least
worried. When asked IL the situation
was real, had the city any means OF
defense. he replied:
II do not think the citizens OF Philn Z.
delphin need have any worry. can.
not say what measures would be taken
TO meet such an attack from the air.
That is n matter for the department at
Washington to answer. but there would
be no cause for alarm.
|. Any aircraft flying nbovt city
might cause great damage 10 left un-
opposed. There will be- no mock de
feuse TO any attack from the army air
squadron. II the danger was real, there
would b. a different story
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-08-01
Baltimore Belle
Dies, Drug Victim,
Coptinued from Pare One

CONTINUED from Pare One
timore in an apartment in Fifty first
street.
The two took fancy to each other
and ,Monson tried to dissuade young
Miller from his idea of marriage.
Miller's mother had advised him he was
too young to marry and Monson en-
Enthusiastically indorsed her judgment.
Before the younger man realized the
reason behind his, friends advice, Mon
son and Miss Cowen were married.
They telegraphed Monson's people and
Miss Governs mother, who was In
South Carolina. and started on an au.
tomobile tour of New England.
Got Divorce In Seattle
Some years later Mrs. Monson OBJ e
tanned a divorce in Seattle. Wash, on
the ground of non support She
charged Monson with drunkenness.
When she left Seattle is not known.
1t was admitted at the Post Gradu =
ate Hospital last night that Sara Cowen
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-08-01
Stifnekitis Sufferers
Only Bomb Raid Victims

"Stifnekitis" may be written on
the history charts. of various pa
tients in local hospitals in the next
twenty four hours.
II isn't exactly war malady. for
In time people duck and run.
rather than stand and rubber. -
when the enemy's airplanes sail
overhead.
They all "rubbcrcd' today. and
something like a million and half
stiff nccks ought to result. Iodine
well rubbed in probably is as good
a remedy us anything, according to
the doctors.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-08-01
COAL TAX TEST PLANNED
Action to Determine Constitution
alIty Of Law to Be Started Soon

Harrisburg. Aug. 1.-(By A. p,
Action to test the constitutionality Of
the anthracite coal tax will be started
this month in the Dauphin County
Court. u Is probable the plan Of pro
cedure will be determined upon within
week and followed immediately BY
the launching of the suit.
The Attorney Generals Department
will take part in the test and argu-
ment will BE- asked at an early date, so
that the case can 60 to the higher
courts this fall.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-08-01

more for years. Former friends IN a.
ciety circles were shocked to learn
her fate. Her mother died many ya. .,
ago. Since her divorce Miss Cowen hnI
travelled most of the time. For sn,,. "au
years she resided In Chicago, but Vps ~
late sh. had made her home in Ne,s
York. 1t was reported after bc,
mothers death she had inherited a
was not true. Mr.. Cowen was ,n,s nas
wealthy and his family expenses weps ps
heavy.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-08-01
2 LINERS END VACATION"
Bring Immigrants Into Port After
Loaflna on New York

New York. Aug 1.-tBy a. P.)--
Two trans Atlantic liners which spent
the week end of Sandy Hook to avoid
deportation Of immigrants on board in
excess Of national quotas fixed for July
under the new immigration law, entered
port today. They were the Megali
Hcllas. from Greece with 900 immi =
grants, and Calabria from Italy, with
400.
Both steamers had number of
American passengers aboard who we're
obliged TO wait to be landed until the
immigrants could be brought in under
the August quotas.
Two other steamers. the Cedric, from
Liverpool. and iceland, from Antwerp,
also arrived today with immigrants,
having loafed along on the last day s
run in order to avoid arrival before
August |.
New-York tribune., 1921-11-10
Stocks Start
Rise as Bonds
Surge Higher
Effect of Buying for Invest
ment Seen in Demand for
Better Grade Securities;
Some Irregularity Shown

Against the background of vigorous
upward movement in bonds. specula-
tive securities, which thus far have
failed to conform to Wall Street pre-
dfctions Of a reactionary November,
rose in market value with great rapid
lity yesterday afternoon. A complex Of
factors lay behind the continuance of
the upturn, but the swiftness of the
rise toward the close was attributable
to hurried short covering.
| Mexican Petroleum, under the stim-
ulus of an announcement of new
we'll brought in, was eagerly bought
back by those who had sold the highly
mobile stock short at lower levels.
Baldwin Locomotive, which was an
other special target of those who ex-
pected to profit out of reaction, was
likewise buoyed conspicuously by COW
ering. 4s.
The rise was general. affecting rail-
road shares, as we'll as industrials
although the latter were the larger
gamers of the two broad groups.
Although there was some irregular
ity in the bond market, the squirt
toward higher quotations for issues
and consequently lower yields con-
tinued. Obviously, after the unusual
emergency returns which bonds have
been Offering have been reduced by a
continuation of the upward surge in
quotations on bonds, those with funds
to place in securities, anxious for
relatively high returns, will tend to
shift toward the better stocks, and the
rise of stocks of a quasi-investment
character reflects an expectancy of
this development. Moreover, easing
money rates, which underlie the rise
in bonds. is regarded by many security
buyers as a forerunner of heightened
business activity Of nature which
will react favorably on the shares.
The foreign exchanges and wheat
prices were firm, too, but cotton, af
fected by the ginning report of the
Census Bureau, moved out of line with
the other markets. Wheat prices
Saineu 1s " GENUS as t"eI ouyiHs
movement continued without reference
to news development. Cotton quota
tions fell off approximately 1 cent a
pound on the basis of the government
figures, which indicate a larger crop
than the recent condition reports fore
cast.
Sterling was quoted at cent to the
pound higher, and marks, rejecting
an upward rebound in London, re-
covered from the unprecedentedly low
level of Monday. Marks rose to .40H
of a cent, compared with .321a at the
beginning of the week.