davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-11-06

The New York transit commissioners
plan WIS discussed briefly in the pub
lie utility group, and the serviceat-
cost idea, with rewards for efficiency in
operation, was commended as the fair
est to all concerned. The inherent
stability Of this class of securities, the
committee said, was demonstrated dur
ing the recent business depression.
New-York tribune., 1921-11-06
Division Ouer Sales Tax

Secondly, an effort was made to get
folks to envisage the question of rail-
road mergers as pressing. burning
issue, John E. Oldham, Boston bank
er, who suggested to the convention a
plan for consolidating the carriers
into thirteen systems instead of nine
teen, as the Interstate Commerce Com
mission has tentatively recommended,
contended that unless railroads are
scientifically merged private owner
ship was bound to be superseded by
public operation of the carriers. The
railway securities commission asked
that the Railroad Labor Board be CO.
ordinated with the Interstate Com
merce Commission and argued that it
would be dangerous to cut rates with
cut reducing wages. 1t asked Congress
to continue the provision of the trans
portation act defining b1a per cent to
per cent earnings on the property
investment Of the carriers as a fair
return. There has been agitation to
repeal the clause.
The experts on industrial and pub
lie utility securities asked that in
vestors give some attention to stocks
Of the highest type.
New-York tribune., 1921-11-06
City OF Contrasts

New Orleans, which is municipal
ity Of contrasts. has a passion for
holidays, and the convention days
were seized upon as excuses for let
downs in the world of give and take.
Delegates wandered into the old French
quarter, where local color is unblurred
'Shacks hundreds of years old stand
there defying time. while only few
blocks away are bank buildings and
other modern structures that would
not feel self-conscious if thrown into
the heart of New York.
Despite the picturesque setting, the
convention during its business ses-
sions succeeded in opening its vision
to the broader problems of the nation
as whole as viewed by the bankers.
In pledging itself more assertively
than ever before to combat aggres-
sively the charlatan in the security
world, the bankers revealed height
.cned recognition of their moral obl-
cations. The war is against unscru-
pulous men who play upon the ava
ricious impulses Of the inexpert; it is
against takers who capitalize hot air,
who make irredeemable promises, who
tell the truth only in so far as it tends
to help sales. In striking out against
the swindler, the legitimate dealer per-
gceives the need of keeping his own
skirts immaculate, of imparting high
standards of conduct to every cog in
the machine by which he acts as inter
mediary between borrower and lender
New-York tribune., 1921-11-06
Security Fashioner's Try
To Make Wares Attractive
Committee Reports on Several Glasses
of Issues Contai n Many Interest
Ing Dis cussions

T EPORTS of different of securities
% practical features Of the
municipal
protective the benefit hod
Tho.
New-York tribune., 1921-11-06
Ne,O England

The New England system, which is
to be controlled by the four systems
just outlined jointly, is to consist of
the New York, New Haven &, Hartford,
Boston & Maine, Maine Central, Rut-
land e. Bangor, Michigan g. Aroostook.
In his treatment Of the New England
situation Mr.. Oldham faces the fact
squarcly that the New England roads
cannot maintain their credit and oper-
ate under rates made for roads more
favorably situated nor can they have
higher rates, but, Mr.. Oldham argues,
New England, with her enormous fac
tory development, is of Importance to
the rest of The country, and that the
New England railroad problem is a
matter of concern not only to the pub
lie of New England, but to the country
at large. He squarely faces the fact
that the enormous debt due the gov
ernment at the present time by the
New England railroads is menace to
private operation; their continuance
will eventually lead to government
ownership" Mr.. Oldham, therefore,
places this burden of private operation
of the New England railroads jointly
on the four great trunk line systems
which he has formed. 1t is almost ex-
actly analogous to the argument pre-
New-York tribune., 1921-11-06
L. S. Tax and Rail Problems Thrust Into elght by Banke
Placid Character of Convention
at New Orleans Punctuated by
Pleas for Awakened America
By Merryle Stanley Rukeyser

NEW ORLEANS, November
MERlCAS investment bankers who held their tenth annual
II pnon here this recognized for
them of the revolutionary Gutenberg
New-York tribune., 1921-11-06

ticnal agreements, which compel the
employment of unnecessary men ana
are responsible for extravagances i,
pay.
Most Important Item
"As wages are the most imporean.
item in operating expenses they be.
come the determining factor in 4bs
level of rates; the division Of AUTHORITY,
therefore, between the Labor Board and
the Interstate Commerce Commission
constitutes the fundamental weakness
in the transportation act. The best ef
forts of the commission to STABILIZE
credit and encourage economic manage
ment can be and have been nulliied by
the decisions of this totally unrelated
beard An amendment to the act to CO.
ordinate the work of the Labor Board
with that Of the Commerce Commission
is recommended.
1--WE believe that the whole railway
industry will be on q much sounder
basis when it is possible to reduce
rates, and it is probable that reduc-
tons when made will contribute in
some degree to improvement Of general
business; but substantial and effective
decreases in railway operating costs
are the conditions precedent To any
rate reductions.
"As We have pointed out, the funda-
mental Importance of the transports
tion act TO the investor lies in its man
date to the Interstate Commerce Con-
mission to adjust rate schedules that
will yield fair return on the aggre-
gate value of railway property After
March I, 1922, the statutory definition
of what constitutes a fair return ex-
pires. and the determination OF the rate
is left to the discretion of the conl-
mission. Amendments to the trans
portation act have been introduced in
the Senate TO reduce the statutory rste
of return below 6 per cent. Your com
mittee wishes to go on record as op-
posing return of less than per cent.
believing it would be unfair and GER
tain to yrdar7,,ir,a xo,i,x-ox,
New-York tribune., 1921-11-06

try through which 1t passes" This
Buffalo system of Mr.. Oldham's rough
ly corresponds to q combined Erie
System No. 4) and Lehigh Valley-Ncw
York, Chicago 8, st. Louis System No.
81 of the Interstate Commerce Com
mission
New-York tribune., 1921-11-06
Prefer Fraud Acts

The investment bankers have come
to realize the need of more positive
attitude of opposition againSt the de-
'ceiver. Although the convention has
expressed no formal opposition to the
continuance of blue sky acts in the
states where they already are in force,
the investment bankers by far prefer
fraud acts. Modelled after the English
companies act, the latter type of law
gives much freedom as to the varying
types of securities that may be sold.
whereas the blue sky law attempts to
set up standards and limitations. Un-
der the fraud act misrepresentation
becomes a crime.
Experience has taught the delegates
that III many states laws of both types
often fail to protect the public because
of the practical difficulty of separating
the sheep from the goats. Prosecuting
attorneys, however good their inten-
tions, usually lack discrimination re-
fsarding the more subtle phases of in
vestment finance. Speakers at the
convention, therefore, urged that the
bankers voluntarily organize them
selves into vigilance committees, mo-
billing theE expert know edge for the
public good.
Publicity, it is recognized, is with
ering force If directed against the un~
scrupulous. One of the pitfalls of the
average investor is failure to discrin-
mate between houses of integrity and
counting rooms of thieves. Howard +.
. Beebe, of Harris, Forbes & Co., of
Z New York, the new president of the as
sociation, suggested in conversation
that IL would be helpful if state bodies
would publish from time to time lists
Of firms guilty of fraudulent practices.
Ne,o Code Set Up
s In connection with market place
ethics. the representatives of the money
lenders set up new code of practices
Z FOR dealing among themselves. AL
ready the association had accomplished
New-York tribune., 1921-11-06

much in this direction. The subject
involves shifting behind the cur
tain of public interest.
Despite the Introduction of addi-
tional opportunities for untrammeled
discussion, the point has been made
that the sessions of the investment
bankers are placid and unruffled. And
yet emotion was not dead. Two at
tempts were made to ride, like Paul Re-
we're, through the lanes Of sleeping
America to rouse folks to the serious
ness of conditions.
First, the bankers sought to get the
nation excited about taxes. There is a
feeling that Congress in preparing the
new revenue bill has faced q lack of
general public interest, although spe-
cial groups seeking special exemptions
have been conspicuously articulate.
The bond men feel profoundly that the
revenue bill. which is scarcely more
than mitigation of the hardshlps
caused by the 1918 measure, is wrong
in principle and burdensome in prac-
tice.
The only remedy for the staggering
load that the fnanciers here could per-
ceive is ruthless economy. And, as
long as the task of paying falls primar-
lily on the relatively few rich, say the
o1hhNA o. tbS RopulACS Is SCdTCClY likely
to clamor for thrift in government ex-
penditures. And, until they do, the
delegates feel Congress is unlikely Sc
riously to take up the subject of defla-
ton of public expenses The way out,
1T was suggested, is through the sales
tay, which will give all free men and
women an equal opportunity to CON
tribute to the public purse. The sales
tax would tax spending and would en-
courage saving, its advocates point out,
And yet the mutitudes are not shout
ing for the privilege of paying a sales
tax. Although Senate Sentiment was
reported to be drifting to such an i'm
post, Representative Fordney warned
again that the House would not stand
for it, and it was apparently defeated
for the present in the Senate yester-
day.
The bankers would have system of
taxation which would clear the arteries
through which capital flows. They
would strike out supertaxes and excess
profits taxes, which, they say, Chill
initiative and discourage enterprise
They would instead seek to make the
idle rich pay, who now escape share
of their responsibilities by purchasing
tax-frec securities, Federal, state and
municipal.
New-York tribune., 1921-11-06

ticnal agreements, which compel The
employment Of unnecessary men and
are responsible for extravagances IN
nav.
New-York tribune., 1921-11-06

Pie'pomt Y. Davis, chairman, sab
nitted the report of the Committee
on Railroad Securities, extracts from
1Dhich fol3o,c.
Arizona republican., 1921-01-20
ANNE MORGAN IS FIRM FRIEND OF
 BOXING THRILLS IN EVERY EVENT
IRepubIlcan 4. ?. Leased wlre1

CINCINNATI, O., Jan. 19--BoxinQ has a firm friend in Miss Anne Nor gan, daughter of the.iate J. F. Morgan. who, as chairman of the American committee on devastated France, rec ently promoted the Leonard Mitchell bout in Madison Square Garden. Miss Morgan, who is fin Cincinnati in the interests of the committee of which she is the head. had this to say about the fight.
 Splendid. Splendid beyond descrip- ton. Never in my life has anything given me such a thrill as RitchIe Mitchell gave in that ring. The boys were hardly face to face when there was a spring. a blow, and a crash. Mitchell was on the floor. Up again and down in a heap; up once more and down he went. Everybody saying It's an over--its all finished and then that boy was up, was lurching forward "a swing-a driving arm, and there lay the great champion. a huddled mass while the crowd roared like men gone mad.
 Tt does not matter 10 me that Ritchie Mitchell could not win, that the great champion arose and shook him. self together and at last beat Mitchell down. To me, the whole glory and ecstacy of that fight came in that one splendid moment when Mitchell arose superior to everything. did the hm- possible and dropped the champion with that wonderful rally"
Arizona republican., 1921-01-20
PETE SAUER AND
 WAL TER WOLbEY ID SETTLE MAI I ISSUE TONIGHT

The Sauer-Wolbey feud will be set- tied for all time tonight at the audi torium in Mesa. These men met last Thursday at Mesa in a wrestling match that will finger in the memory of the valley sport fans for many moons to come, and those who were fortunate enough to be present on that occasion witnessed one of the fastest and rough est bouts ever staged in this section of the country.
 Wolbey, the man from Wisconsin, came here without any flare of trun pets but with a good record of wins over some classy grapplers. Very few of the wise birds figured that he had any kind of a chance with the Phoenix pride and looked for an early end to last weeks bout Wolbey, however, demonstrate his class by handling the local boy in a rough setto, thoroughly mystifying Sauer with his work in jiu jitsu.
 Some fans contend that WoIbey ex- perienced some real hard luck when the referee overlooked a fall after 55 min utes of work. They claim he apparent ly had Sauer's shoulders securely pinned to the mat. but Pete wriggled off the mat and the referee sent the men to the center and Sauer finally triumphed after 1 hour and 2 minutes had elapsed.
 Wolbey took the second fall with the favorite hold of Strangler Lewis; in fact, he showed time after time that he was an expert with the headlock and had Sauer worried on more than one occasion.
 Wolbey showed that he possessed everything that a good wrestler ought to have and was the aggressor prac- tically all through the match. The knockout which ended the match came after IF minutes of gruelling work and
 while it was an accident, it left the issue in doubt and the fans were vo- ciferous in their demand for a return match.
 Both men have trained faithfully for tonight's bout and the fans are due to see some fast mat work. Sauer
 has been deeply impressed with the ability of the man from Wisconsin and knows that he is in for a hard session l tonight However, he is confident that 1 he is the master Of WoIbey and says { that he is out to end matters as soon as possible.
 The preliminaries will consist of a l IS minute wrestling exhibition be- 1 tween Young Henderson of Phoenix I and Jack Dale of Los Angeles, and a 1 four round bout between two good l leather pushers. The first bout goes on at s:S0 and ladies are especially in yfted
Arizona republican., 1921-01-20
GOTHAM BUG GETS FEM ALL

Every ball player dreams of playing in New York some day 1Oll~ Rabbit Maranville has his heart set on becoming Giant before the bell rings
 T want to call the Polo Grounds home before I mass out of the game" he says
 In Boston the Rabbit has done every conceivable sort of fielding that is brilliant
 His barehanded super-stops no longer bring the Hub fans out of their shells It's old stuff to 'em
 Maranville is human. He wants to change to place where he-nan makes the fans holler
 Yet New York is the most exacting burg in the big leagues to wear spikes in.
 Over night they make you unmake you. player is hero when he scintillates-a bum when he falters
 Right the Rabbit could make the bugs of Gotham holer their heads off In another year so perhaps he couldn't get whisper out of 'em.
Arizona republican., 1921-01-20

Clark Gri1nth won't sit in the old bird house much this season.
 He's turned things over officially to George Mcbride, his veteran short stop.
 Let George do it!
 Foxy Griff assumed the duties of president of the Nationals last year, but delayed naming his successor.
 He couldn't have chosen a man who'll be respected more highly around the American league lanes than George Mcbride.
 George has 20 years of professional baseball experience behind him. He is g AIiiwaukeean by birth-just 40 years ago. He broke in with his home town club in the American association in 1901
 After several trips around Western league diamonds he landed with the Washington club ip lgos He was never great hitter bet his fielding at short was brilliant Walter Johnson is the only Nat to Outranl1 him in veteTanship George win take his ball club to ] Tampa
Arizona republican., 1921-01-20

NEW YORK, Jan. 1s-The forfeit moneys of both principals and pro- motors involved in the Dempsey Car pentier heavyweight championship bout set for July 2, were directly or indirectly accounted for today. AS a result it appeared that none of the terms of the contract signed Nov. 5 have been violated and so far as can be foreseen there is no ground for the report that the match will not be held.
 J. E. Ward, a surety broker who handled the bonds for those involved in the contract, stated that the American Surety company had issued a bond for Promoter Tex Richards share of the s100.0O0 forfeit fund, amounting to s33,333.33. The United States Fidelity and Guaranty Company of Baltimore issued a similar bond for William A. Brady, while Charles B. Cochran. Eng fish promoter. gave a check for his one- third responsibility.
Arizona republican., 1921-01-20

Each principal, through his manager, was obliged by the contract to place a forfeit fund of s5o,ooo with the hold ing trust company on or before Nov. 20. Dempsey's manager, Jack Kearns, arranged with the Fidelity and De- posit Company of Baltimore for such bond Carpentier placed a sum equivalent to S5ooO0 with the Paris firm of Morgan Harjes, with instruc- tions to forward it to New York. Ac- cording to a cable from Paris this amount was deposited Nov. 22, and in statement from Cochran at London it was explained that the money had never been transferred to this coun- try owing to the refusal of the French government to permit it to leave France.
 All those involved, however, consid- CT the posting of the forfeit of Car pentier in France as being within the
Arizona republican., 1921-01-20

terms Of the contract. There is no desire to take technical advantage of Carpenters inability to transfer the money to the United States at this time. Riekard stated that the report of the cancellation of the bout had re- suited in visit from Colonel Mallet, a personal friend of Carpenter, who acted as confidential advisor and in terpreter during the French boxers visit to America Colonel Ma1let stated that he had arrived from Europe last Saturday and had seen Carpentier within two weeks At that time Car pentier had in no way intimated thai he had any idea of withdrawing. Col onel Mallet stated that after the re- ports of Dempsey's bout with Bren- nan reached London, a number of Eng fish sportsnen who had seen Carpen- tier box Bombardier Wells and Beck cit, offered to wager even money son Carpenter to defeat Dempsey.
Arizona republican., 1921-01-20
Heinie Engel Throws
 Detroit Mat Artist
TRepubIlcan A. p. Leased Wire7

DUBUQUE. la, Jan. 19-Heinie Engel of Dubuque. claimant of the Iowa middleweight wrestling championship tonight defeated Ben Stefanski of De- troit. two falls out of three. using a ton scissors each time. Stekanski won the first fall in SS minutes with ham mer lock- Engel took the second In 24 minutes and the third in 1SlS min utes. Stefanski weighed 16S; Engel 157.
Arizona republican., 1921-01-20
Chi Grips Will Take
 20 HurIers On Trip

CHICAGO. Jan. 19-Manager Kid" Gleason of the Chicago Americans will take 20 pitchers into training for the 1921 staff, it was announced today. Howard Fenner. a right-hander pur- chased from the Kalamazoo, Mich, club, is the fifteenth pitcher to sign for the coming season. Fenner. a college product, scored two one-hit victories in his last three games last season.
Arizona republican., 1921-01-20
Opinion DiUided On
 Tren1ain-Burn,ar1 Go
LRepubllcan A. P. Leased Wire

CLEVELAND, Ohio, Jan 19. - Newspaper sport writers were divid- en on the result of the l0-round bout tonight between Carl Tremaine of Cleveland and Joe Burman, Chicago bantamweight, one writer giving the decision to Burman and allother de- claring the contest draw The bout was closely contested.
Arizona republican., 1921-01-20
ON TIE LOOK -OUT FUR
 TWO RUNAWAY BOYS

GLENDALE, Jan. 1s-Word was re- ceived late Wednesday afternoon from B. F. AicFall, probation officer in Phoe- nix, to the effect that the officers here, be on the lookout for two boys who have run away and are presumably on their way in the direction of Glendale. One of the boys, Earl Lawrence. by name, is 13 years old and when last seen was wearing yellow sweater, and has black hair and eyes. The other youngster is, Richard Young, and is only Il years old. He was drassed in khaki pants, leggins and wore a red sweater. The officers have been noti- fled. and should the boys come out this way, their world tour will be of short duration.
 Here From Illinois
 Mir. and Mrs. J. F. Weltou of Villa Ridge, Illinois. were the Sunday guests of Mir. and Mrs 0. o. Neistrath. The Weltons are here for few weeks and for the present are located in Phoenix where they are renewing old friend ships formed in the east
 Not Quite Ready To Open
 It was previously announced that the J. c. Penney company was to open q store in the Neistrath building. former ly the justice -of-the- peace office. But today some of their representatives, were out in Glendale and said that just for the present the future plans were not clear and would not state definitely just when they would enter the field. However, they still are retaining their lease on the building
 To Be Tried in Phoenix
 John Doe Carlos. a Mexican, who was caught near the sfphon north of Peoria late on Monday afternoon, with barrel 44.a make moonshine whisky, pleaded guilty and win have his hearing in Judge Stanford's court on Thursday morning.
 III From Tonsilitis
 Robert Saulman of the city office is confined to his home in Catlin court suffering from a severe case of ton- silitis.
 Baseball
 The Glendale Greys will have another game of the national pastime on their home grounds oa this coming Sunday when they will cross bats with the All Stars of Phoenix. This win make the second game as many Sundays, and the boys hope to keep the slate clean and have figures only in the win column In the last game through errorless ball and timely hitting and base running they defeated the West End Sluggers to the tune of to O. It is hoped that there will be a much larger representation of the home fans than at the last game Terrin will be on the mound for the home boys and a good game is promised.
 Laundry Receives Machinery
 The Glendale Home Laundry re- ceived the last of it's machinery on Wednesda y and announced that now it is equipped to handle work more
Arizona republican., 1921-01-20
Jay Gould Wins Three
 Out Of 4 Tennis .Sefs

PHIL HIA, Jan. 1e.-Jay Gould, national and open court tennis champion, won three out of the four sets played today in the nine-set chal- lenge match for the national cham pionship against Jack Soutar of the Philadelphia Racquet club. The scores were 6-5. 6-2, 5-6, 6-4. The remaining sets will be played Friday. Gould needs only two more sets to retain the title while Soutar must win four to be- come champion.
Arizona republican., 1921-01-20
Salt Lake Wrestler
 ThrolUs Ad Gusfauo
[RepublIcan A. P. Leased WIrel

SALT LAKE CITY, Jan. 1s-Ira Dern of Salt Lake last night defeated Ad Gustavo, styled the South Ameri- can middleweight champion, in straight falls. The first was obtained in 24 minutes with hammerlock and re- verse body and the second in 3s min utes with a cradle. Dern weighed 159% pounds and Gustavo. 150.
Arizona republican., 1921-01-20
Al SoT1nlerS Wins I2
 Round Go From Welsh

LRepubllcan A. p. Leased Wirel
 POCATELLO, Ida, Jan i9-Al som mers of Portland Ore, won a hard fought 12-round decision from Army Welsh of Seattle. Wash. here tonight Several times Welsh was on his knees. In the semi final Muff Bronson of Portland won the decision over Vic Gracio of Spokane.