davidaulloa/AmericanStories huggingface dataset:
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01
Troops Arrive.

Troops Arrive.
State troops under the command OF
.Adjutant General c. f. Barrett, ar
rived at o'clock to take charge OF
the situation. augmenting local units
last night. At this time there were
reports Of sporadic shooting and the
situation seemed to be easing. III
Detachmants of guardsmen were
scattered throughout the city prepar-
ed to meet all emergencies with ma
chine guns ready for action. Guards
surrounded the armory while others
assisted in rounding up the negroes
and segregating them in the Jail, Con-
vention Hall, baseball park and other
places which had been turned into
prison camps.
Adiutant General Barrett took up
his headquarters at city hall and an
nounced that Colonel B. H. Markham
of Oklahoma City would be in COM
mand of field operations Of the
euardsmen. General Barrett, who is
working under the direction of the
sheriff, mayor and chief OF police,
said he would continue to do so until
he deemed 1t necessary to change
command. He said developments
would determine whether 1t would be
necessary " AVonC- MAJ SAoA >>~'''
p.eu,.ae Helned.
~ .,.s raf,,.,
The negroes asseh.I,eu hl;n1 "a az red fos nv
and prisoners were nelns careu ~. ~
civic organizations ana pr.sa.e ..r Gu
zens, who voiuntesrea ior ,ss .ne %o,m: me,ns
ice Wa.ea aad am ~. @ unumded % or sick were
receiving medical attention.
throughout the morning long lines
Of negroes streamed westward along
MANY wore their night clothes and
ran to safety in their bare feet. Tneir
snd their faces bespoke gripping fear.
Nav vomen and children carried
bundles Of clothing on their heads and
backs. The articles they savea were were
varied an in many cases woud have
been iudicrous 1gt tor .ne a,6 av..y N,nSosu y, y
the sitna.'Sn y p,n,e. % ther., a. a riri I With dis
heyeled mar carried sss wo'S hshtns M.G
= - SuV$t n
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01

W.
afternoon
He his opinion hat number Of had burned to
death when their homes were swept by fire.
PERSONS
Oklahoma City Okla. June five whites and
telephone Governor Robertson today from the chief
of police 3 i .@
yesterday OF Dick Rowland for alleged assault
phan girl In an elevator
s5 MARTIAL LAW DECLARED.
- declared
and Tulsa county about noon today by sase Adjnta9 General e
directing that the military take over the situation arising from
night continued
whites
PLACED
gathered Oklahoma
Of officials
foaAd and chief OF
police with tho approval Of Genera1 bestest a6Gs
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01
SCOTT BONE NAMED
GOVERNOR OF ALASKA
TO SUCCEED 7. RIGGS

Seattle. Wash, June 1.-Scott c..
Bone, New York. former Washington
and Seattle newspaper editor. has
been appointed governor of Alaska, to
succeed Thomas C. Riggs, Jr., it was
announced today by Secretary of the
Interior Fall, according to a special
dispatch to local newspaper.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01
PROHIBITION BILL
ANNULS REVENUE
LAW, COURT HOLDS

Washington, June 1.-Paasagc
of the prohibition amendment
served to annul various internal
revenue laws covering the liquor
traffic, tho supreme court held
today. Congress did not intend
to preserve the old penalties, the
court said. %
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01
REDUCTION TO
Be TWO.I'HlRDS
OF 1920 RAISE
General Labor Class to Lose
Entire Increase of 81z
Cents an Hour.
TWO MILLION MEN
WILL BE AFFECTED
Board Estimates Average
Pay Will be 1925 Per
Month -.

"a tabse showing how enrh
class Of wufkmen is Affected by
the railroad wage cut win ho
found on page seven).
Ohicaee. June 1.-Approxi-
nfately two-thirtis of the WACO
increase granted railroad en-
paoyes last July by the railway
labor board was ordered de1acbed
beginning July 1 in tho boards
decision announced to-day. From
the increase Inst year Of Seoo,.
600. 600 a year in salaries q esil-
road labor, nearly S4Oa.004oO0g
will be cut, 1t is estimated u gtlye
reductions directed by tlsa 81
LABOR no LOSE WHOLE RaIs1s
In tho case OF the general
ctaas of maintenance Of Way a.
borerS, the entire incrsses 81.
8 u cents an. hour was VII
drawn. while in others OF fy,n,,
caasscs having the larger aurnkss
of employees, the cuts raneed
from 13 to s and 10 to cents
an hour, as compared with the
award of last July.
Although the wage cuts are tn
apply only on the 1o4 nads
which had flied petitions for the
decreases the boards announce
ment said that application OF
other roads would cause the
same reductions to be placed in
cncct on those lines.
no AFFECT TWO MLLIoN. Il
The decreases, it Il esansasd.s i
eventually will affect two -
men. The general avexa
crease Is placed at II perA - -
compared with an avuz 16 ri q Il
per cent increase gr1n6e #
July.
Union leaders Withheld c0ifs. =
ment on the boards decision. hut
1t had been freely stated 1t ses-
stons Of the railway emplDyee
leaders here during the boaExfs
bearings On the decreases that
cuts Of 10 to I: per cent wou1d
meet little opposition.
Leaders of the four big rail-
road brotherhoods have called a
meeting here for July 1. when the
wage decreases are elective. IN
discuss the award.
II. e. Byram, president Of the
Chicago. Milwaukee & St. Paul,
and S. M. Feiton. president OF the
Chicago Great Western. declared
that the reductions granted werc
mot sufficient to meet the de-
manCfs Of the situation"
A supplemental memosantaun
the board points that during
government control the wares
of railroad employees were in
creased from an average Of SIS
a month. in December, 1917. to
SITE in January. 1870. and to
$141 by the increase Of last July.
About 10 per cent of the railway
employees chiefly those unrs1illei,
the board said. had received ha-
creases approxinnting 100 per
cent with the award OF last July,
The average increase over tho
pay prior to federal control Was
81 per cent.
TO AVERAGE $f25.
The board estimates the pres
ent cut would mean ian average
monthly salary OF about $l35 for
all employees but such an aver
age means, Of oourse, that while
some workers would earn . sum
considerably In excess Of this,
many thousands would fAQ far
short OF that figure"
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01
Continued on Page ~
TO RE-Ea1pIIoY 5000 MEN.

Minneapolis. June 1.-From 5000
to 1000 men will be called back to
work July by the Minneapolis, st.
Paul and Sault Ste. Marie railway, G.
r. Huntington. vice president. an
nounced today. This action ID di-
rect result of the railroad labor board
decision. announced in Chicago last
night, reducing the wage scale Of,
employees. 81 s
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01

Kalamazoo. Mich.-The favorable
weather has glutted the Michigan
strawberry market, prices dropping
from 81 a crate to $3.50 with pros
poets of further declines.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01
MORE GUARDS ORDERED

national
ordered
b - A. - oacss
nc siren here Ct 1o:4e O'clock the nonink thsw 1
the for the purpose
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01
ELEVEN HUNDRED
ROTARY MEMBERS
OFF FOR SCOTLAND

New York, June ELEVEN hun
dred members of Rotary clubs in the
United States and Canada today be-
gan voyages to Liverpool. They will
attend the twelfth annual convention
of the International Association of
Rotary clubs at Edinburgh, Scotland,
June l3 to 16.
The convention will be the frst held
outside the United States. King
George of England is the patron.
THE WEATHER.
Minnesota: Showers probable
tonight and THURSDAY; somewhat
warmer In east portion tonight
North Dakota: Showers To-
night; cooler n northwest poe-
ton; Thursday unsees3e4
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01
wATER wORKs PLANNED

WATER WORKS PLANNED.
Steele. N. d., June 1.-The city OF
Steele is considering a system oi
waterworks for fire protection, an6
has employed an engineer to prepare
preliminary estimates. The city pro.
poses a system to cost approximately
$4,000.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01
10 DIgTRIBUTE DIPLOMAS.

Annapolis. Nd, May Two hum
dred and sixty midshipmen will re-
celve diplomas OF graduation from
lthe hands OF President Harding at
commencement ceremonies ct the
naval academy Ihufsday. s 4, @
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01
SCORES Of PERSONS KILLED IN TULSA RACE RIOT
NEGRO SETTLEMENT
IN CITY SET ON Fire:
TROOPS CALLED OUT

Thousands OF Homeless Negroes Rush Through Streets,
Panic Stricken, In Attempt To Find Protection; Ma
tonal Guards, Under Direction OF Adjutant General
Barrett, Arrest Hundreds Of Men Carrying Weapons;
Trouble Starts Over Arrest OF Negro Alleged To Have
Assaulted Orphan Girl
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01

Continued on Page 81
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01

Continued On Passi 8,
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-06-01
TO AVERAGE $f25.

The board estimates the pres
ent cut would mean Tan AVERAGE
monthly salary OF about Sl35 for
all employees but such an aver
age means, Of c0urse, that while
some workers would earn . sum
considerably In excess Of this,
many thousands would fAQ far
short OF that fgue,o
The New York herald., 1921-04-28

button OF buying. Where normally this
industry does not furnish more than ;
per cent. OF the market. its present ao-
sorptioa OF tonnage Is several times
that amount. The sluggish movement
OF the heavier lines works against any
material expansion Of general opera
tionE.
Releases being received at their re-
duced prices are enabling the steel
Corporation mills 20 maintain or slightly
increase their operations.
THE composite market average index
or tho Iron Trade Rcrieto this week is
,43.79. compared with s48.s5 last week
and s44.57 for the corresponding week a
month ago, Settlement OF wages on a
lower basis IN the building trades at the
expiration OF the present scales May ]
undoubtedly would have stimulating
effect on the replacing OF structural
work now coming out In greater amount.
- New York house that recently re-
ceived a large order for material FOR
Mexican railways has placed 4 major
portion Of tho $4,000 tons OF rails IN !
volved. The Argentine Government has
inquired FOR 5000 tons OF rails. Ger
man and Belgian mills have been 80
lcting offers on the Pacific coast at
least $50 20 $40 ton under tho Ameri-
can rail price. delivered
The New York herald., 1921-04-28
OUTLOOK IS IMPROVING
IN STEEL BUSINESS
Actual NeW Business Is Not Of
Large Proportions.

An important improvement IN the
stecl industry during the last week was
disclosed By tho weekly review OF the
iron Age, which declares that automcb bile
manufacturers. oil producers and users
OF fabricated structural steel are in
quIring fer more steel. The automobile
Improvement, the review asserts. gives
signs OF being moro than the furry {,
was hrst thought TO be. Ono inquiry
from the Ford Motor Company for
1000 tons OF material II reported.
In the buying from OIL producers haa
appeared an order for 4 500 tons OF
plates 20 construct twelve so. .000-barrel
tanks A better demand for pipe ia
also expected ms a resul. II increased
drilling.
The six months ended with March.
the review continues, gavs more business
In fabricated steel by over IL ror cent
than the six months irnmt diatcly sue
cecdlng the signing of tho armistice.
Fabricated steel awards In largo jobs
total 1900 tons inclndlng 3.1O0 tons
OF tank work. while projects calling for
$500 tons have appeared. half OF which
IL for railroad car construction and
repairs.
THE Iron Trade Repfcp says
Sentiment in iron and steel Is more
cheerful. due, however. more 10 an mi
proving outlook that 10 actual new
business which remains al low
rate Expected wage reductions by
the United States steel Corpora ton.
II IA believed. viii further clarity the
situation. The demand from the auto
mobile industry IL the feature. but
this fact illustrates tne poor distri-
The New York herald., 1921-04-28
OTTAWA WON'T PAY ON
GRAND TRUNK PACIFIC
Dominion Cites Interest Put
Out and OUerseas Debts.

OTTAWA, Ont. April 27.-The Dominion
Trunk Pacific Railway bond interest
payments at present Sir Henry Drayton,
Minister Of Finance, stated in Commons
to-day.
S295,755 interest on bonds guaranteed
by Alberta. and $1,155,755 on bonds
guaranteed by Saskatchewan.
Accounts between Canada and Great
Britain have not yet been settled. he
added. the balance due Canada amount
ing to s144,4Os.746 exclusive OF several
Items still unadjusted. Indebtedness OF
European countries to Canada are !:
Italy. se.003.So1; France. s5,64s,726 !;
Belgium, s6,2o1.2 225; Rumania s2O,571,-
227 principal and s1,475.2S4 interest to
The New York herald., 1921-04-28
MORE SECURITIES LISTED.
stock Exchange Admits TO Trad.
ing Many bond Issues.

The following securities have been ad-
mitted to trading on the New York
Stock Exchange:
Packard Motor Car. s10.000.000 de-
finitive per cent. bonds; Goodyear
Rubber. $50. 100000 5 per cent. bonds !;
West Penn Power. $4,000 additional
first mortgage 8 per cont. bonds and
SO, 900. 900 first mortgage per cent.
bonds Market Street Railway, SILL
T50. 900 prior preference stock. S5.G00.-
600 preferred stock, s4.70o.0oo second
preferred stock. s1o.700.000 common
stock. $10,004,000 first consolidated
mortgage gold bonds. and s5.20o.o00 8
year per cent. collateral trust notes
Detroit Edison. s2.750.0Q0 additional
FIRST and refunding mortgage per cent.
bonds Southern Railway. s95o,000 ad-
ditional first consolidated mortgage ;
per cent. bonds.
The New York herald., 1921-04-28
CHEAPER MONEY BRiTONS'
HOPE.

LoNpoN. April 27.--The possibility OF
a reduction In the bank rate is being
eagerly discussed In Lombard street as
result OF the recent issue OF treasury
bills at lower rate OF interest and
the announcement of funding loan,
During the last few days the improve
ment In the New York exchange rate
has been considered as another develop
ment pointing toward cheaper money.
For twelve months the rate has been
per cent.
The New York herald., 1921-04-28
ROMAN BANK OPENS BRANCH.

IN line with marked activity o, lead
ing Italian banks IN organizing new
agencies IN recognition OF the necessity
for commercial exchange between ITALY
and other countries Rodolfo Bolla.
American representative OF Banco Al
Roma. has opened offices IN | Wall
street Mr. Bolla reports that branches
OF his bank are being organized IN North
and South America. England. France
and other countries TO keep Italian
banks in direct contact with the worlds 5
principal money and stock markets. The
bank has 400 branches
The New York herald., 1921-04-28
rN1TEp srATEs GovERNMENr poNps
. Y. STOCK EXCHANGE QUOTATIONS

Closing prices % stocks IN which there
we're no transactions yesterday:
The New York herald., 1921-04-28
The Oldest Trust Company"

TIME New York Life Insurance and Trust Company
has the distinction Of being the first financial insti
tuition in this country--and perhaps in the world
TO commence business with Trust Company as part
OF the original title
One of the Company's larger rivals in New York
organized with trust several earlier, but
il did not assume the of Trust Company until
several years after the New York Life Insurance and
Trust Company began business. There similar
case in Philadelphia and possibly two elsewhere,
but under the circumstances il would seem the
New York Life Insurance and Trust Company which
began business 1880 under its present corporate
were entitled to rank the Oldest Trust Company
The Company is prepared to the complex needs Of
1921 with the painstaurg which has charac
terized its administration of Personal Trusts throughout
its ninety years of service.
The New York herald., 1921-04-28
rxTERMouNTAIy RATES STAND.

WAsHrHcroN April 27.--The Inter-
state Commerce Commission refused to-
day TO order n reduction IN railroad
rates from points Of origin east Of the
Rocky Mountains 20 points IN inter-
mountain territory Complaints of bust
ness organizations and others In that
section were dismissed, the commission
holding that existing tariffs. which were
on a parity with those TO Pacific coast
points. were not unduly prejudicial.
The New York herald., 1921-04-28
VOTE FOR NEW HAVEN MERGER
Central New England Road Hold
crs willing to Sell Too.

PouGH KEEPsfE. ". Y. April c7.-Stock-
holders Of the Central New England
Railroad, meeting here to-day, voted ITO
sell and convey all or any part or the
property Of the Central New England to
the New York. New Haven and Hartford
Railroad Company. or to merge, con-
solidate and make common stock with
said New York. New Haven ans Hart
ford Railroad Company" New Haven
stockholders voted for the proposals on
AprIl 90
The New York herald., 1921-04-28
Total dis'm,s. $50. .se4. .52s 81 s85 1892, ,4i2 "a

Totai dis m ts.. 800 se3 .o26.6l $50 49,, ,4l224
Speaking OF cali money the report
says: Until a few years ago call
money was the only investment of pre-
sumably instant convertibility and the
rates for call money were generally con-
sidered indicative Of the volume Of
available surplus funds. But recently.
with the development OF the open mar
kets In bills and In Treasury certificates
OF indebtedness, both representing in
strumcnts which are now instantly con-
vertible and which in volume far over
shadow the call money market, the lat
ter has become less OF an indicator Of
credit conditions.
Another factor operating against the
Importance of the call money market in
this respect Is that loans on securities
Mother than United States Government
securities are not available as a ba sis
for credit with the Federal Reserve
Bank, and investors, in addition to re-
quring for their current funds an in
vestment of undoubted convertiblity In
the open market, now want the addi-
tional protection of an investment which.
if the open market fails. can be con-
verted into cash at a Federal Reserve
Bank.
"Stlll another factor tends to diminish.
for the present at least. the importance
Of call money rates as credit indicators.
This is the heavy borrowing OF the men,
ber banks from their Reserve banks.
For presumably such surplus funds as
they gradually accumulate viii general
~ be used for paying off loans at their
Reserve banks rather than for Invest
ment, merely for profit, in any OF these
four markets: Commercial paper call
money, bill and certificate"
The New York herald., 1921-04-28
April 1; Greece, $7.47S.953 principal and
S153.915 interest to December, 1920.
GULF STATES STEEL DEFICIT.
James BoNron. Retiring President
Elected Board Chairman.

Directors OF the Gulf States Steel
Company, meeting here yesterday,
elected James Bowron chairman Of the
board after he had resigned as president
because of advancing years. Cha ries A.
Moffett heretofore vice president and
general manager. was elected president,
retaining the position of general manager.
Operating income for the quarter ended
March 81 amounted to only s35,255.
After taxes. depreciation and other ex-
penses the operating deficit totalled
S102,91T. This reflects the shutting
down of several departments by which
the plant capacity was reduced 20 per
cent. below normal tonnage.
PENNSYLVANIA OIL MARKET.
on CITY, April 27.-Credit balances,
$500. Runs, 40,03s: average, 5s.02s.
Shipments, 47.971: average. 41.209.
The New York herald., 1921-04-28


Bonds be the direct and joint
ne 0
@ @ % ssf e. per- % Earnings During the ten an. o.h s
ndn addition BY o. the
oshg< cun,.
i pnepS % ] Outstanding @ s ns onds % hh % ae the
T Joint %Bodsmat
Tor prwhhoutc tchage n 0 h
0n psnsa % % % I payment ana % % sa % averaged @
earlier sie@P) into 90 $oeoooo
a"g n gag Sn s@noo compared sl4o
x @ eSs Seaan ssa nsss ssw ds%ssa nss % a Equity
1886 with option pm 1mpne creased its the amount aostay
% @ @ @ ss ln a s1S sees & aoso @ S i s % . Tho ] % & @
will Of the Pdca do the Northern
4eea a the tn nan Of ' es s h
investment savings
The above bonds offered subject planned for subscription
at e61s and interest to yield approximately 6%%
s @ % %;'s @ " Ts % @
sa " "s%" % s~. % % % e@~" % @ @ ~ coupon
Temporary Bnd.e ehna for hen an received be hdmo payment
j. Morgan co FIstN Bankn~
The Nation Compan - = -
of New York
& Hieeinson
American xhaneeN Bank
CenualU
The Trust ON o
Browns Co
& White, Weld Co. &
J. & H. Rollins 6
&
Kisal,K Knncu &
The New York herald., 1921-04-28

is believed that tnat money would re-
lieve the strain resulting from the low
price OF Argentine pesos. The projcct
will be discussed at a meeting OF bank
ers here tomorrow. sssss&
The New York herald., 1921-04-28
U. S. CERTIFICATES
GO TO INVESTORS
Number Pledged for Loans
Also Declines, Says Report
Of Reserve Board.

Report of the Federal Reserve Bank
OF New York, issued yesterday says
that at the beginning of 1920 the cer-
tificetes OF indebtedness held by report
Ing banks totalled s351,7S9 900 OF
$1.44S. 621 900 outstanding in the New
York district or 25 per cent. of the
total AT the close of 1920 the amount
was s14e.6ss. 900 of s1.O37, $4,000. or
about IA per cent. The report adds
Holdings OF paper secured by United
States war Obligations in December.
1920, averaged about $4,000, 600 lower
than in December 1919, rejecting not
only the constant absorption of Govern
ment securities by the investing public
and their removal from the portfolios of
banks, but also the smaller volume OF
certificates of Indebtedness outstanding
On the other hand, rediscounts of COM
mercial paper In December, 1896. aver
oged 1907, 900. 600 more than In Decem-
ber, 1919. At the close OF the year
paper secured by Government war obli-
cations constituted approximately so per
cent. of the total, as against so per cent
at the close of 1919.
During the year this bank purchased
nearly s1.700 900, 600 of bankers accep-
tances and Endorsed trade bills. an in
crease OF about $500. 600 900 over the
aggregate for 1919. The increase was
due In large part to the shorter ma
turtles purchased and the relatively
larger turnover which this involved At
the same time substantial amounts were
purchased for ether Federal Reserve
banks, and for out of town member
\ 1,xIre
ceptances. aggregating $s199.947. were
bought for thirty-eight country member
banks. In 1920 1895 acceptanoes. ag-
gregating s42,424,017. were bought for
230 member banks, mainly the smaller
of the country institutions.
The report also contains the following
tabulation for the first time in complete
detail
INCOME.
1920. 1910
From bills dis
counted for mem
bers .......... $40. .sse. 1872 50 $40 e35 o1o.o7
chased ......... s.a23. .o5o37 3.s26s a
ties owned. ~. 1.e75. 5.e4sss 1855, ,4a7. .cs
Cther income. 3ST ,43Q 90 1Sl, ,185.J J5
Sundry adjustm'ts 36e, ,204.S4 ......
Total dism'ts. 500 ss4 .b2s.eI ss5 ,ssa. AZ. "a
DISBURSEMENTS.
1870. 1919.
Operating expenses S., 1872 204 40 81 61S 219. .S3
Cost OF +. r. cur
rercy, &c. ..... 1,2i7.o 1.121, ,f250i
Disposition OF net
profits--
Charged off on
real estate ... 2S5,616.64 300 OBJ. II |
Added 10 various
reserve accounts 4Sf ,464 20 Col i23 Ol
SundIy adjustm'ts .. AZ. .993. .O4
dividends paid. lat 096 IS I 20, ,04T. "a
Added to surplus. 10 1872 52341 %, ,96i CTS 90
Paid u. S. Govt
as franchise tax. 39,3ts.51o65 2.703, ,s93. q"
The New York herald., 1921-04-28
HOPE ro LOWER Us. EXCHANGE

BuENos AIRES, April 21.--Relcasc Of
ioo,Oo0000 OF gold pesos for regulating
exchange with tho United states Is being
urged on the Argentine Government II