davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-08-13


the budget by over $500. 600, 600.
which is not an expense.
There remains OF the regular ana
deficiency items about s6oo,o00 900
as the subject for pruning. In
these items are the appropriations
covering the cost OF Federal gov
ernment operations. throughout the
country and the world, many Of
which are relatively fixed charges.
These items have been closely
scrutinized by Congress and sl,4S3.-
717,465 was cut from the total es-
Inmates for 1922. The sundry civil
bill alone was reduced from $685.
44s,1e6 to s3S4.I96,4s0. The reduc-
tions below estimates for the de-
partments alone aggregated over
$3.50, 100000. Further reductions
involves dropping certain lines OF
work entirely as continued opera
ton on limited funds would be
wastefuI.
The fixed items in this part Of
the budget are the costs of the ex-
ecutive, legislative, judicial and
diplomatic activities. While some
economies are possible here many
of the items are relatively fixed
by the requirements of the situa-
ton. The greatest single oppor-
tunity for saving was in the sun
dry civil bill but Congress has made
the big cut here.
Turning to the record of govern
ment income to compro it with ex-
penses the record for the two years
appears as follows as estimated
May /, by the Secretary of the
Treasury.
The Washington herald., 1921-08-13
sian COIN REMAINS BARRED
FEW OPPOSE FEDERAL
ERADICATION CAMPAIGN
Those Against Regulating Traffic in Tuber-
culous Stock Hard to Handle.

true spirit of livestock owners and
Others interested in healthier and
better domestic animate.
Although many States have suit
able laws 10 protect farmers and
other livestock owners against
trafiic In tuberculous animals, the
practice continues in some localI-
ties Here 10 an Instance. In
a pure-bred Hoistein
cow. valued at 500. was disposed
Of as a resctor. but instead OF being
slaughtered or segregated. she was
later sold to State institution for
$500. The hero at this insttution
had previously been free of tubers
culosis. II was being improved py
the purchase Of new animals, and
every avaIIapIe precautIon was
taken TO see that they were healthy.
Recently this herd was retested and
three rcactors were found. one of
which was the COW in question
All showed well-marked LESSONS OF
tuberculosis on post mortem exami-
nation.
There Is no law or regulation in
Massachusetts preventing the sale
or requiring the segregation of re-
actors. A few cattle dealers led
the opposition to a bill before the
last general court providing for
the control and sale Of animals re-
acting to the tuberculin test.
Owing TO the importance Of eradi-
eating tuberculosis from livestock,
the Department of Agriculture is
furnishing to the public full in
formation regarding the nature Of
the disease and the way 20 get rid
of it.
The Washington herald., 1921-08-13
SPECIALDRIVE NETS
$3,666,OOO IN TAXES
Collection of Delinquent Sales
And Levies Conducted by
Internal Revenue.

Resulting from a special drive for
the collection of delinquent sales
and miscellaneous taxes, the Bureau
of Internal Revenue has collected
and assessed within the last three
weeks s3.666.ooo in additional taxes
and penalties. Special attention
is being given to verification Of re-
turns of the manufacturers excise
tax. the tax on soft drinks and the
transportation, jewelry, admission
and insurance taxes.
Monthly returns of these taxes
are required.
Aided by a mobile force of $50
specially trained revenue officers.
1000 deputy collectors are engaged
in the work. which was centered in
the following cities:
Boston. New York. Pittsburgh.
Baltimore. Atlanta. New Orleans,
Cleveland, Chicago, st. Paul, Mime
San Francisco
Later the men will be transferred
TO the cities of Philadelphia. Bir-
Milwaukee. Fort Worth, Houston,
and Salt Lake City.
The drive will cover practically
ivy lh NhN
States.
The bureau has received. since
the beginning of the, drive on
July 5. number OF amended
returns showing additional tax
due. Where. prior to govern
ment Investigation, amended
returns are filed showing the delin
quency was due to no wrongful in
tent, the policy of the bureau is one
Of Ieniency. Where, however. upon
investigation by government OFF,
GERS. evidence is discovered showing
evasion or willful refusal to collect
and pay the tax. the policy has been
to enter prosecution, and urge the
imposition OF penalties. Such PEN
alties range from a fine of not more
than $1,000 for failure to make re-
turn and pay the tax on time to a
fine of not more than 1000 or five
years Imprisonment, or BOTH for
willfuI refusal to collect and pay
the tax on time. together with
added assessments of the amount
due.
The Washington herald., 1921-08-13
CHICAGO LIVESTOCK.

UNION STOCK YARDS. CHICAGO.
Aug l2.-Eeccipr> 5000 cattle, 81 -
coo hogs. C.o0O sheep and lambs and
1000 calves
Cattlc-ScmO Sfo"-~ weighing l.
2s6 pounds sold ~ SlO.2S. others at
$40. Plain grade at low point Il
week. Chon7c lots quoted about e5C
higher. Tor NcarlinEs az slO.G5.
Cows and hcifcrs steady. Gamers.
see5 5TS27.: bologna bulls sI.sOH
$40: few calves above $3.50. This
end Of the trade showed a decline
Of about 81 from a week ago
HoEs-LrEht hogs. 25 n 35c higher:
choice lots. SIO.556Il. Rough pack o.
ing grades also maue better values
nigs were un 25c. with choice lots
50 5oH ln.@5. Packing hogs. $3.50 TO
SSS5.
sheen No Western lambs offered
Natives steady, big killers paying
SlOd IO."5 for good stock Aged
muttonS steady. More than half OF
the run direct TO packers.
The Washington herald., 1921-08-13

NEW YORK, Aug. 1.-THE stock
market did better today. Short
covering was adjudged the prince
pal cause of the better display of
prices in the first hour and a half
and again in the afternoon. the two
forward movements being sepa-
rated by a short period during
which heavy selling of such issues
as Sears-Roepuck, Central Leather
and General Asphalt caused tine
forfeiture of part of the early
gains Of 1 to points. Following
the early afternoon recovery, pro-
fessional shorts again tried to dis
turb the markets poise by concen-
trating their selling on Continenta,
Can and Central Leather. but the
main body of stocks held firmly. At
the close there were good fractional
gains in railroads, steels, oils and
tobaccos.
1t is usually difficult to draw a
clear line between keen competi-
ton and real price war. Probably
there is no place to draw the line,
the terms being Interchangeable
The time has come when a great
part of Wall Street prefers to des-
ignate the daily variations in the
price of refined sugar as a price
war. Judging by its recnt propen-
sity for underselling competitors,
the Federal Sugar Refining Com
pany occupies a preferred position
in this industry. A short time ago,
when the price of refined sugar was
raised. this company issued a state
ment which must have been en-
was to the effect that the advance
was unwarranted by conditions
then existing. Arbuckle Brothers
quoted a price of sos cents on
sugar today The Federal's price
is 500. and most of the other COM
panies are quoting $40.
when the stock market has un-
dergone a long decline and is still
pointed downward. commission
house observers who see the end
in sight begin setting the so-called
resistance points to which they do
not expect a particular stock to 60
without running into a volume of
buying orders. Naturally. II enough
houses concur on the accumulation
level for a certain stock, 1t is likely
to become a real resistance point
This kind of advice is changed when
a market has broken and Is headed
as most observers be-
lieve the present market is. Broker
age houses are not busy warning
their customers away from particu-
lar issues which they believe have
much further to go before correct
Ing their technical position. The
result Is that these stocks are de-
prived OF some of the scattered sup
port which they would otherwfse
count one Real liquidation is made
The Washington herald., 1921-08-13

Reductions to effect economy are
obviously limited to other than the
permanent items. The interest ON
public debt, sinking fund and other
permanent items amounts to
$1.335,775,36o for 1922. as estimated
This is some s2s7.631,S ,Ss2 less than
the same group of items last year,
due to the reduction of the item
Of interest on public debt and the
omission of the highway approprIa-
ton.
The interest-bearing public debt
was reduced S1,173.4O1.s12 in the
year ending June 80, 1920. and s3ls.-
s22.6o0 by May l, 1921. This ef-
fected a reduction in the interest
bill of s35.s41.402 in the year. Fur
ther reductions Of the debt will be
at a slow rate necessarily.
One-third of the big national
budget is therefore fixed by the
public debt. Adding the pension.
army. navy, and fortifcations items
together, they make up s1,012.224,-
S35, and with the administrative
costs of these departments almost
another third of the grand total.
Further reductions in these items
cannot be hoped for until the goal
of disarmament is reached.
Dividing the remaining third of
the budget into it's details, 1t ap-
pears that the $574, 900. 900 postal
Items may be cancelled, since onry
the deficit of any of the postal sys-
TEN is paid out of the Treasury.
For 1922 this is estimated to be
S43,S12,0Oo. This postal item swells
The Washington herald., 1921-08-13
NORMALCY'S FIVE
POINTS OUTLINED
BY INDUSTRY HEAD
Cut in Wages, Money for
Railroads Given as the
Principal Needs.
IMPROVEMENTNEAR
Taxes, Foreign Debts. H.C.L.,
And Housing Lack Must Be
Solved First, However.

NEW YORK, Aug. I2.-Five ele-
mentary steps are necessary to
bring about complete restoration Of
normal business conditions, accord
ing to Earl Constantine. executive
secretary of the National Industrial
Council.
These, he said in an interview to-
day, are:
Further reduction in the cost of
living.
Relief in the housing situation.
Liquidation Of governmental OBJ.
legations to the railways.
Readjustment OF taxation.
solution Of our foreign debts
problem.
spnsmodlc Improvement.
"A confidential survey of business
conditions recently prepared by the
National Industrial Council. with
the cooperation of 2s0 representa-
tive manufacturing concerns in all
sections. indicated gradual but spas
modic Improvement for the balance
of the year and the following
spring" Constantine said.
'Prcscnt conditions and prospects
seem to sustain this survey. Busi-
ness can be materially improved
and Unemployment proportionateIS
reduced by several means, we be-
lieve.
First, the cost of living can be
further lowered. particularly re-
garding shelter. clothing and sun
dries. The decline in retail prices
has not held pace with that of mah-
ufacturers' and jobbers' prices.
"A flood of building operations is
being held lack by dam Of un-
reasonable building costs, particr-
larly labor. Resumption of general
constr uctiun will stimulate all busi-
ness.
Coal for Railroads.
The government, By early pay
ment of its obligations to the rail-
ways. will release a large buying
force and invite reduced transporta-
tic n costs.
"The pTesen: taxation syst.m is
burdensome and the existing uncer-
taiuty As TO the governments fia2i
action naturally leaves business
timid and unable to plan the future.
Arrangements between the
United States and foreign govern
ments for handling our foreign debts
should be consummated as early an
possible"
The Washington herald., 1921-08-13
DAWSON MUST GO
UNDER KNIFE AGAIN
Operation on Financier Fails
When TumOr Is Found at
Base of Brain.

NEW YORK, Aug. 12.-The op-
Grafton today on II. P. Dawson.
noted financier, was unsuccessful
because a tumor was discovered
at the base of the brain, DR.. Fred
erick Tilney declared.
Because Of excessive bleeding
the tumor could not be removed
toda although Dawson is not in
any immediate danger, the doctor
said.
He added that another operation
probably would be performed later.
DR.. Tilney was one of six physi-
clans who assisted in the opera
tion. He declared the patients
condition was entirely satisfactory
and that he would suffer no imme-
diate consequences. The actual
operation was performed by DR..
Charles f. Elsberg.
Members of the family were at
Roosevelt Hospital throughout the
procedure. Mrs. Dawson, F. Trubee
Dawson and his daughter. Alice
Dawson, sat in room nearby
while the physicians were operat-
ing.
Dawson is SIS years old. His ca
reer has been a typical romance of
American business. Born in Troy,
Pa, in 1867, he made his own way
to the top rung of the financial
world.
His first long respite from bank
ing affairs came in 1917 when he
was appointed chairman Of the war
council of the American Red Cross.
He threw himself into that work
with the same zeal he has shown
in his private affairs. Numerous
decorations showed how the allies
appreciated his 1abo-s.
His education was obtained at
the Academy of Education in Will
Jamestown, Mass. After leaving
school he became a bank messen-
ger in a Bridgeport, Conn. bank,
picking up the rudiments OF book.
keeping in his spare time.
Hearing of the organization of a
new bank in New York. Dawson
went to the city. He demanded
that he be made teller and was so
persistent that after three days
he was awarded the place. After
that his rise was rapid.
The Washington herald., 1921-08-13
HIGHER PRICES FOR
MUTTON And WOOL
ASKED BY EAWCETT
500 of Western Sheep
Men Insolvent, He
Claims.
URGES NEW TARIFF
Demands Protection for Flock
Master, as Recommended
BY Commission.

Consumers Of sheep and wool
will be compelled TO rely upon for
cign production Of more than Io0.-
0eo.OOo pounds Of wool and our en-
tire supply Of mutton annually. and
tic bill to foreign producers will
be around $3.50. 100000 each year. if
the sheep industry continues in the
dilemma il has been in during the
last year." stated c. J. Fawcett, d.
rector of the wool marketing of
the American Farm Bureau Fedora
tion. yesterday before the Joint
Agricultural Inquiry Commission
1T is estimated that so per cent Of
the Western growers have liabilities
greater than their assets, and this
spring flocks were mortgaged at s.
to fl2 head. We have a year ard
a halfs supply OF wool on hand.
prices are only one-third TO one
half Of those OF a year ago. freight
rates are almost prohibitive. and
wool growers did not participate
in the advance in prices during the
war to the extent enjoyed by many
other producers. And now that a
tariff is being written We find IL pro-
vides many times more protection
70 rthe manufacturer than is given
the wool growers. We are demand
ing that the permanent tari6 be re-
written to give the 1ockmaster the
protection recommended by the
Tariff Commission OF So 10 cents per
pound on cleaned wool instead OF
% cents as now provided by the
FOrdney bill. The FOrdncy tariff is
a mirage which is unjust and dis
criminatory.
Industry In Dire straits
The sheep industry would be
bankrupt II forced To liqUidate. and
this condition arises out OF no mis-
management OF ITS own. The cap
ital stock OF the shcepmen is being
wiped out by the compulsory mar
keting Of ewes and lambs The
number Of sheep marketed during
the first six months of 1921 were
100000 in excess of the heavy
shipments during the same period in
1920. The Liquidation from the
ranges Of the w-st greatly curtaiIs
the future supply. and this is al
ready acutely apparent Feeder
sheep and lambs moving from nine
principal markets TO the corn belt
the first seven months Of this wear
was So per cent less than last year"
Makes Recommendations.
Mr. FaWcett suggested the fol-
lowing as remedial measures which
would assist in bringing the sheer
industry OF the country back I"
normal:
l. Reduction in cost Of production
=. Reduction in freight rates and
commission charges.
,. Reduction in interest rates and
adequate financing
(. More economical method 90
marketing both wool and mutton.
Pooling Of wool through grower
selling agencies. Marketing she,r
through cooperative commission
concerns.
5. 4 national cooperative law
permitting cooperative marketing
OF agricultural prcdI"t$
6. A moro liberal attitude by the
Federal Reserve system in regard
to finanrtn- agricultural commod
titles secured by bonded warehouse
receipts
:. 4 just tarln.
s. Enactment OF tho truth-in-fab-
ric law compelling tho compulsory
branding ot Woolen manufactures as
{" content. Consuming public 10
know relative value raw material
in manufactures article.
The Washington herald., 1921-08-13
May Make Test Case.
WASHINGTON PRODUCE.

Eggs-Southern. ssc; nearby. 3ac.
Butter-Print. 47a54c; creamery.
extra, 45a51c; store packed, &c.
Poultry-alive: roosters. 16aI1c;
turkeys. 30a35c; springers,- 3la33c;
white Leghorns, 2Sa3oc hens, 26a
.7Ss keats CSC; dressed fowls, 33s
$50; turkeys, 45a4Sc; roosters, yea
25s; springers, dressed, 3Ss42c..
Fruits (green)-AppIes. Western.
pei box. S1.50a3.0O: lemons. per box.
s25oa5.o0; California peaches. 2.00a
2.1s; new apples. bushel baskets,
sseoa35o.
fegetables-New potatoes. bbIs..
s5S0a6.5o: 10-peck sacks, s5.75a600;
caateloupes, California standard
$3.50: flats, 800; new cabbage.
hone grown. a0oa450 per Dbl:
bel Sfs. per bunch. ease: peppers, per
crste. s1.eoa2.OO; nearby cynbIings.
per crate. s1.5oa2.0o: Delaware
Ioopes, Jumbos, s2.00a2.25;, stand
ards. s1.25a1.75: sweet potatoes, per
bafrel. ;6.oOa6.50: yams, per Dbl.
s5P0a5.50.
Few York bunch celery, 75cas1 90:
watermelons. in carlots, 20a22 lbs,
avsrase S125a150: 24a2S lbs. aver
agS s175a225
heats-Dressed veal. 15a1sc:
shsiee calves. s1sa1ohc.
U.ss. Department of Agriculture.
Bcreau of Markets, August IL, 1921.
Based on August IL quotations in
important markets, prices for hay,
feef and grain in car lots delivered
Wellington. d. c.. for prompt ship
mspt, are quoted as follows:
No. / timothy hay, ton. S2450;
Sos 3 timothy, $3.50: No. l clo-
veg mixed S23; spring wheat bran.
sa475; spring wheat middling.
S2F59: cottonseed meal I36 per cent?.
AL75: old process hnseed meal,
- gluten feed ,s37: homing feed
Cwhite), S3i.00: dried beet pulp,
$3.50 No. white corn bu.. &c: No.
ilow corn, TIC; No 2 white oats
tS5e; me- oats. cents less than
Ehe following commodities may
be eobtained from local dealers in
cas- lots basis cash payment, at
prifss quoted:
Np. 1 timothy (western) hay, ton.
$3.50 No. 2 timothy Cwestern) hay,
$3.50; No. 1 clover mixed, s24;
spnng wheat bran, $2325; winter
WHEAT bran, $23-25; standard mid
dling, $1,000; -four middling. $2S.75;
cottonseed meal Csc per cent?,
s4z3O: gluten feed. $3.50: hominy
feeA (white1 $3.50; fiour. soft win
terstraight (14o IBIS. jute). per bbl.,
Ss.sea6.75; hard winter, straight
u4g lbs jute), s7.00as.00: fancy
p1Qnt (family hrand). ss,25as.5o;
No@2 white corn. Der bu. (bags ex-
traA dse; No yellow corn (bags
extfal. 1sc; No. yellow corn tbags
extra3. s5c; No. 2 white oats toIdJ.
tbsIss extra). 475ie: No. . white
oatke <eAee.4l 4lbsgssext 45 .sc. -
The Washington herald., 1921-08-13
TIMELYWALL STREETTOPICS

more costly, and the short side Of
the market is made more attrac-
tive.
The morning rally might have
been carried further IL bear opera
tors specializing in Central Leather
preferred and Sears-Roebuck had
postponed action longer. But the
ease with which these two issues
were driven down changed the
plans of shorts, who were helping
the recovery along by covering in
a moderate way. While Central
Leather and rs-Roebuck were
being subjected to pressure, the
Street was ignorant of any develop
ment that could be used as a good
excuse
The Washington herald., 1921-08-13

The Secretary recently revised
this estimate, placing 1t somewhat
higher at $4.675,0O0.000. There are
several large expense items that
may bring the total expenditures of
the nation to a larger total than is
now anticipated. The total appro-
priations for the year just ended
were s4,7s9, ,000,0 900, but the actual
disbursements were reported to be
S5.225. 100000. There are yet too
many leftover situations from the
war to allow accurate estimates to
be made a year in advance.
while the per capita tax has
grown from $3.50 as the average
for 1sl0-1s15 to s53.72 for 1920. the
expenditures for civil activities has
grown from s2.19 to s3.43. It is OBJ
The Washington herald., 1921-08-13

The grim fact OF the high cost OF
war has come home to Congress as
the appropriation bills for the next
fiscal year have been added UP and
compared with the diminishing reve-
nues- All the eforts At trimming
have left q total SO near TO that of
1921 that there appears to be slim
prospects of further savings which
will in any considerable way reduce
the nations need for revenue.
A few items like the needs of the
railroads and shipping Board would
wipe out the difference between the
total for 1929 and that Of 1921 and
leave the tax load wholly un-
changed.
The difference between the APP
preparation for 1891 and 1922 Is es-
Appropriations ~ Congress for z,
The Washington herald., 1921-08-13
Revenues 1871 and lsaa
,5, Ash .Os7 600 N,547,643, 600

vious that great reduction cannot
be made in these items without
seriously curtailing the scope of
government activities. which has
developed as a result of demand
from various groups of business in
terests. The extension of govern
ment service is being sought in
many directions through the Com
merce, Agriculture and Interior de-
partments. These extensions may
be deferred, but altogether they
represent a very small saving when
oPitted.
The tax problem is one OF adjust
ment of the load, so that it may be
carried with the least CALLING of
business enterprise rather than a
further curtailment of outlay.
The Washington herald., 1921-08-13

Only few people are opposed
to regulating traffic in tubercuious
livestock. but their opposition is
sometimes effective. and several
cases Of the kind have been traced
by the United States Department OF
Agriculture. However. the depart
ment believes that cattle dealers
who do not favor tuberculosis
eradication are Influenced by selfish
motives and do not represent the
The Washington herald., 1921-08-13
NATIONAL BAL LANCE SHEET
SHOWS BURDEN OF WAR
Analysis of Budget Indicates Difficulty Of
Economy Efforts to Tighten Taxation.
,By TAe washington Herald Eee.oni.t,

timated to be ss71.o47,soo by the
Senate Committee on Appropria-
tions, but. the decrease in revenue as
estimated by the Secretary of the
Treasury is $3.50. $4,000. In this es-
innate as stated below he includes
S30o.ooo,ooo as the probable income
from customs and the most liberal
estimates do not place the returns
from this source at more than twice
that amount.
Customs can no longer pay, half
the national expenses. The returns
for 1890 were not equal to the rec
ord of 1910 even with the great
trade Of the past year.
The following comparison of
budgets of 1921 and 1922 indicate
the principal items In which the de-
crease is slight,
lrs Ending June, 1891 and isa2.