davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Archivist Insists
Captain Kidd Was
A Pretty Good Kid
Piracy Story and Hanging
Was Political Expediency
to Save High Officials, Says
New England Historian

BOSTON, July 27.-Song and story
are wrong. Captain Kidd was not a
pirate and his tabled treasure does
not exist. Privateersman he was, but
Of good repute. His hanging as a
pirate and murderer on Execution
Dock at London in 1901 was to satisfy
the political exlngencies of the time.
These are the findings Of John H.
Edmonds, state archivist for Massa-
chusetts. as announced in lecture at
the old South Meeting house. Archi-
visit Edmonds was discussing Lord
Bellomont and the pirates"
Bellomont, he said, was appointed
Governor Of New England in 1895
with special mission to suppress
piracy.
Before leaving England" Mr.. Ed
monds contended, che agreed with
Captain William Kidd. q privateers-
man Of good repute from New York, to
proceed against pirates in a ship
called the Adventure Galley, on mo-
capture-no- pay' basis. The adventure
ers included Captain Kidd, Robert
Livingston, Lord Chancellor Somers,
the Earl of Oxford (First Lord of the
Admiralty the Earl of Romney and
the Duke of Shrewsbury Secretaries
of State). Bellomont and the straw
men, to whom the kings grant of
treasure was later made. did not con-
tribute q cent.
"On September 6, 1896, with crazy
vessel and crazier crew, Captain Kidd
proceeded on his mission. He picked
up several pirates, including a Moorish
ship Of 200 tons and Bengal mer-
chairman of 500 tons, both having
French passes and being lawful prizes.
He came to New York and then to
Boston" the archivist said, Through
the trickery of Bellomont, who prom
ised him safe conduct. With the rem
nant of his crew he was arrested, sent
to England, tried for murder and
piracy, convicted, and hung on Execu-
ton Dock Friday, May %, 1901, to
times. t was either Lord Bellomont.
the Lord Chancellor, the First Lord of
the Admiralty, the Secretaries of State
or Captain Kidd, and under this cir
cumstance he had no chance. Colu-
sion and perjury are plainly evident in
his trial; the French passes which
would have cleared him of the piracy
charge, though produced in Parlia-
ment, were suppressed in the Admiralty
Court. The least said about Bello-
mont's action in the matter the better.
He fooled Kidd, he fooled his council.
and, worst of it is, he allowed it in his
letters to the Lords of Trade.
"The Captain Kidd Of to-day Is a
composite pirate, made up of all who
frequented our shores from 1887 to
1887. Propaganda Of the worst kind
blackened the reputation of a man of
whom recognized French authority
says: It may be we'll doubted whethe err
any man in equally trying circum-
stances has ever been truer to his
trust
"And yet the great American public
persists in calling Captain Kidd a
pirate and in searching for his treas
ure, which does not exist"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Bank Policies of
l910-'2O Defended
By Gov. Harding
Formulated TO Save Finan-
cial System of Country
From Collapse, He Says;
Farm Credit Action Urged

WASHINGTON, Aug. 6.-Reserve
Bank policies of 1919 and 1920 were
formulated solely to protect the coun-
try's banking system from collapse,
and were successful in their object,
Governor Harding Of the Reserve
Board to-day told joint Congress
sional commission. He repeated a
declaration that the board had not
sought to influence prices either up
or down, but had prepared to meet n
price break that was worldwide, and
yet to maintain and expand credit
lines.
There was bare possibility, he said,
that if in 1919 the Reserve Board had
raised national rediscount rates 1.-The
runaway in prices might have been
checked, and the result might have
been better" but he mentioned needs
Of the government financing as lnfiu-
entail in determining the course ac-
tually taken.
Governor Harding suggested that the
commission might consider the utility
of the farm loan banks as a means
Of extending short term credits to
farmers for nine and twelve month
periods.
''All over the country we find that
agricultural and livestock interests
feel they need more credit facilities"
he said, "and want something to make
them Independent of banks. The farm
ers credit horizon is necessarily limited
and local. Any man hesitates about get
ting the government in business, and
we can't use the Reserve system for
that because its funds are essentially
reserve funds, but consider here is a
possibility that the farm loan banks
might be extended to meet the need.
The question needs study"
Governor Harding denied that his
administration of Reserve Bank poll
cies had debated cotton prices.
"The situation called for silence" he
said. Everything humanity possible
was done by the Federal board to help
the situation out"
He emphasized his present belief
that cotton prices were stabilized, with
short crop in prospect, and that
prices could be relied upon completely
for all proper credit operations.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Bryce Asks Caution
1n National Dealing
With High Finance
Sees Danger in Alliance of
Money and Democracies;
Doubts Value of Govern
ment Help TO Commerce

WILLIAMSTOWN, Mass, Aug. g.
The less executive governments have
to do with business and international
finance the better for their peoples
Viscount James Bryce said tonight in
his third public address before the
Institute of Politics at Williams
College. He was discussing interna-
tional trade and questioned the value
Of direct governmental aid to COM
mercial interests.
Speaking of the connection between
finance and war, Lord Bryce declared {:
"Money can exercise as much IL
legitimate influence in democracies as
elsewhere. In some Of them 1t can buy
the press, perhaps also q section of
legislators.
"Where the standard of public virtue
is high, those who want to get some
thing from the government will seek
not to bride, but will, to use a cur
rent expression, try to get at the
press while also seeking to induce
influential constituents to put pressure
on their members and members to put
pressure on ministers, the object in
view being represented as public in
terest, whereas, it is really the interest
Of small group. When the standard
is low, the group will approach the
private secretaries of ministers or
even minister himself,
"That wars are made by fnanciers is
not generally true, but they have a
great hand in negotiations and in fixing
the lines of policy, and they sometimes
turn it in directions not favorable to
true national interests. Governments
must, of course, consult financiers, and
may often not only profit by their ad-
vice, but make use of them. A con-
sortlum of banks such as has been set
up for China may prevent-and l think
it does prevent-evils which would
arise if each national group intrigued
for it's own interest.
"There are upright men valuable to
nation in high finance as in other
professions. You know them in Amer
They have their sphere of action nee
essary to the world. But wherever
large transactions involving govern
ments arise the danger signal for
watchfulness should be raised
Of the charge that munitions max
ers are sometimes interested in Great
ing iii feeling between peoples, Wis
count Bryce had this to say:
"It has been frequently said Of late
years that in several countries the
great firms which manufacture NUM-
tions of war endeavor to influence
military and naval expenditure and
resorted to a secret alarmist propa-
ganda, or even tried to stir up i'll
telling between nations, In order to
induce governments to propose and
Legislatures to vote large sums for
such expenditure.
"This may have happened in coun-
tries which it is better not to name,
but no evidence sufficient to confirm
SO odious a charge has to my know
ledge been produced do not believe
that the thing ever happened in Eng
land"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Crowder Said TO Favor
Financial Aid to Cuba
Report Suggests the Basis Upon
Which Difficulties of Island
MAY Be Relieved
From Tbs 7'ribune's Washington Bureau

From, Tbs I'ribune's Washington Bureau
WASHINGTON, Aug 5.--State De-
partment officials are examining re-
port just received from Major General
Enoch Crowder dealing comprehen-
sively with the entire financial and
economic situation in Cuba. Upon this
report it is expected the United States
will base its future policy toward the
island republic, and although officials
have not as yet had time to comment
upon the report, it is understood to
contain specific recommendations as to
a basis upon which financial assistance
can be given TO Cuba. q
General Crowder, who for the last
eight months has been in Cuba both
in the role of adviser to President
Menocal and special representative OF
the United States, is said to feel that
the withdrawal from Cuba of Ameri-
can control in 1902 did not give the
little republic n fair chance to estab-
lish its economic life, and unofficial re-
ports from Havana indicate. that in his
report to the State Department the
General is recommending closer super
vision and assistance than has been
accorded in the past.
A commission headed by Secretary
of the Treasury Gelabert IS leaving
Cuba for this country intent on secur-
ing a revision Of the proposed new
sugar tariff, and at the same time TAX
ing up with American banking inter
csts the matter of q loan to Cuba.
They will argue that the new tariff,
which would place Cuba on equal terms
with other countries in the matter of
expectation of sugar to the United
States, would seriously injure Cuban
h11cinpcc and fiDoOra
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Business N G W 8
New England Business Uneven;
Textiles and Shoes More Active
Credit Agency Sees
Trade Tide Tt,ry,

Business this week seems to have
taken healthful turn, according to
the Credit Guide. "Many buyers"
says this agency, con their last few
days of stay in the buying centers,
after considerable bargain hunting,
finally determined to place their
orders, very little for immediate
delivery, but considerable for early
fall delivery. They appear to have
been convinced that prices will not
vary to any extent for the balance
of the year at least. They did not
buy freely, however The orders
seem to have been measured, and
this is a good omen for early and
considerable repeats. The cheap
grade goods predominant in the
sales. For every thousand orders
reported in the mems wear trade this
week there were $40 last week, and
in women's wear, for every thousand
orders this week there were S14 last
week. The carpet and house fur
nishing lines show approximately Z
per cent Improvement"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Joan of Arc Once More
Guards Rheims Cathedral
Statue of Martyr Placed in
Front of Historic Church With
RELIGIOUS Ceremony

LONDON, July 10 (By Mai).-The
equestrierlne statue Of Joan of Arc. a
replica of the statue by Paul Dubois
nj the Place st. Augustin in Paris,
stands again on is pedestal in front
OF the main portals of Rheims Cathe-
dral, according to the Paris CORES
pendent of The London Times. During
the long bombardment of the city the
statue was miraculously untouched by
bursting shells, which did so much
injury to the noble facade of the his
toric Cathedral. 1t was not until May,
1918, when the Germans befan to bonn
bard the city With shells of heavy
callbre, that it was taken down and
sent to Paris.
July II was the 492nd anniversary
of the entry of Jeanne dare into
Reims. The Association des Ecrivains
Combattants decided to commemorate
the date by the return of the effigy.
In this project they had not only gov
eminent support, but also the assist
ance of the Association des Comediens
hattants and of members of the Colo
NAL regiments who in 1918 defended
Relms against the last desperate Ger
man offensive.
But the municipal authorities of
Reims looked upon these preparations
with an uufavorablc eye, perceiving in
Jeanne dare clerical" heroine. and
urging that the Colonials wished only
for mass for their dead comrades.
The Mayor and councillors absented
themselves, but an immense throng
Of people assembled in front of the
Cathedral to take part in the impressive
religious ceremony which began with a
Pontitical Mass and ended with De
foI 70 Il 4
Profundis in memory of the fallen de-
Tenders of the city. Then, while Mile.
Desanne, of the Coincide Franchise
sang a poem to Jeanne dare wreaths
of palms were deposited at the foot of
the statue. In thss afternoon there was
a pilgrimage to the grave of fallen
Colonials on the hillside.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Failures Increase Again
Many Defaulting Firms New in
RuSiness

An increase in the number of fail
ures, general throughout the country,
is shown this week in the analysis by
The Credit Guide, which reports 1888
defaults, against 341 last week and 1872
in the previous week. For the CORE
spending week in 1920 there were 100
failures. Of the total reported by The
Credit Guide this week, 70 per cent
had liabilities of under $4,000 Dry
goods and apparel firms furnished SO
per cent Of the total this week, COM
pared to AZ per cent last week. Fail
ures in the food trade increased from
81 per cent last week to 27 per cent
this week. Twenty per cent of
this weeks total had been in business
for less than two years. The number
of failures in New York City and
Chicago was less than last week
Il. G. Dun & Co. and Bradstreet's
both report a decrease in failures this
week. Dun places the number at 329
compared to 324 last week. Brad
streets report total of $40 failures
for the week ended August 4, COM
pared to 800 last week.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
FINANCIAL

HENRY ]. LEAKE. Auctioncer.
REGULAR AUCTION SALE
STOCKS AND BONDS
BY ADRIAN II. MULLER s. SON.
OFFICE. 55 WILLIAM STREET,
WEDNESDAY, AUG. 10, 1921,
-: 80 o'clock, at the
EXCHANGE SALESROOM.
NOS IA AND 16 We EY STREET.
For Account of Esccutors
1856. 900 American Eagi, Investing Co. 81
Coll S. +. Deb. Bonds. 1868.
$1,000 City of New York * Go Corporate
Stock. 1860.
1880 United states 4th Liberty Loan
Az % Bonds.
$4,000 United States sd Liberty Loan
$500 United States Victory Loan Ak g
CONT. Bond.
1850 shs Continental Insurance Co.
For Account of Whom 1t May Concern:
$1,000 New York. Susuuehanna & Western
r. r. 'Terml. LIST Mtge. Sc Bond.
1913.
2s shs. Continental Bank.
SO shs. American Foreign Trade Corpn.
prefd.
$50 siis. Czecho-S lovak Commercial
Corpn. prefd.
$50 shs. Czecho- Slovak Commercial
Corpn. common.
$685. Promissory Note OF A. S. Ambrose.
payable June 4. 1921. Interest 6Te.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Reserve Bank Reports Good
Retail Trade; Wooden
and Cotton Mills Busy;
Metal Industry Dull

The industrial situation in New Eng
land, as outlined in the August month
ly review by the Federal Reserve Bank
of Boston, is Unsatisfactory and its
confusing unevenness makes its diff
cult for business men to be consis-
tently optimistic about the immediate
future"
The bank states that the textile and
shoe industries have shown the great
est progress in increasing activity lato-
ly. 1t places the June operations Of
the wooden and worsted industry at
rs to 95 per cent of full capacity and
the cotton goods industry at rs per
cent. The boot and shoe manufactur-
ers of New England, according to the
bank, Increased June operations about
25 per cent over May, bringing June
operations UP to about 60 per cent Of
capacity. Iron and steel and the other
metal industries continued dull
During June" says the bank. "the
New England department stores made
of eight Boston stores increasing rs
per cent over May, this being but 1.5
per cent below June, 1920, while six
teen stores located in other New Eng
land cities did nearly per cent more
business in June than in May, although
So per cent less than in June, 1920
measured in terms of dollars.
Merchants report that it is becom-
ing increasingly difficult to sell high
priced goods. Notions, bathing suits,
summer fabrics and furniture seem to
be selling we'll, paper patterns ex-
tren1ely we'll, while linens, gloves, floor
coverings, women's coats and suits,
kitchen furnishings and especially
Photographs apparently are selling
poorly"
Outstanding purchases of the Boston
stores have been increasing, but an
opposite tendency is shown by the
stores in the smaller New England
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Commercial Credit

Collections from retailers, according
to wholesale credit men, are becoming
slightly easier, although some accounts
are still long past due. Lately press
ure to force payment of some of these
accounts has been relaxed, credit men
having come to the conclusion that
little can be gained by pressing too
hard for payment at this time.
Commercial paper rates were I'M
changed yesterday and the market was
moderately active. Prime paper dis
counts at 6 per cent. Fractionally
higher rates are eXacted for paper
not so we'll known.
The American Acceptance Council
quoted the following discount rates on
prime bankers acceptances eligible for
purchase by Federal Reserve Banks:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06

The sudden strength which the crude
rubber market exhibited Thursday
was not fully maintained yesterday
and prices at the close of the day re-
vealed slight losses. Little activity
was reported in the London and Sim
gapore markets. This inactivity is be-
lieved to have reflected itself in the
local market. Prices on ribbed smoked
sheets registered a decline of Il cent
from Thursday, being quoted at 14&
cents yesterday. Some offerings of
first latex were absorbed at 1914 cents,
which was unchanged. The quantity
of rubber, which changed hands was
small, however, due to the disparity
between holders and buyers views on
values.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Cotton Goods Firmer
New England Mills Less Keen
10 Sell.


New England cotton mills, which
sell their product in the unfinished
state in the open market, are stiffen-
ing up in their price quotations and are
refusing orders at some of the current
open market levels, according to cot
ton cloth brokers here. The frmness
in the gray or unfinished goods mar
ket, which became apparent last
week, has carried through the present
week without break. Although it
was possible to find some of the
$3.50, 3Sh inch prints cloths at 6B
cents a yard yesterday, brokers re-
ported that the amounts available at
this price were small and that cents
was the general asking price.
Brown sheetings for export also con-
tinue active.
Reports from Fall River indicate
total sales this week in that mill CEN
ter of about $4,000 pieces, compared
to 10000 pieces last week.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
sEcoR. WE'LL & CO

Notice is hereby given that a limited
partnership has been formed pursuant to
he laws OF the State of New York by
George II. Secor. residing at Oss!ning. n.
y, Myron L. Wcil, residing at No. 1890
Seventh Avenue, Borough OF Manhattan,
city OF New York; Isaac Nj: Hessberg, re-
siding at No. til Eastern Parkway, Bor-
ough OF BROOKLYN. City of New York; gen
erai partners; and Leon Tuchmann. resid-
Ing at No. 1900 Seventh Avenue. Boroug h
of Manhattan. city OF New York. special
partner.--all of fun age. to buy and sell
and deal In stocks. bonds and securities on
commission and otherwise. and to do a
general stock brokerage business under the
name or firm OF SECOR. WE'LL s. co.
The principal place of business of said
firm is TO be located in the County of New
York.
That the amount OF capital which the
said special partner. Leon Tuchmannr has
contributed to the common stock of said
partnership liz $4,000.
That tho time the said limited partner
ship is to begin is the first day OF July.
I92f.s and the time the same is to end is
June 30. 1929
Dated, New York. July /. 1921.
SECOR. WE'LL & CO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Hugh J. Dimond & Co.,
Boston Brokers, Fail
Assignment Charged to Gradual
Impairment of Working
CaDitai
Special Dispatch to The Tribune

BOSTON, Aug. 5.-The stock broker
age firm of Hugh J. Dimond G. Co., "a
State Street, closed its doors to-day. A
general assignment was made to Daniel
j. Lyme, of Boston, who will act as
trustee for the protection of creditors.
In the legal document announcing the
assignment only two names are incor-
porated as members of the firm, Hugh
J. Dimond and John c. Bills jr., both Of
Boston. Before entering partnership
under the present name in 1919, Mr..
Dimond was associated with the Old
Colony Trust Company and Mr.. Bills
was lawyer. 1t is said the difficult
ties of the house have arisen from a
gradual impairment of working capital.
and that no other New York or Boston
brokerage firm is involved No figures
have been given concerning assets or
liabilities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Court Sees No Harm i'm Work
''Bosh," He Says to Wife Who
Gives 1t as Divorce Cause

PORTLAND, Ore, Aug. 5.-Mrs. VIC
let NJ Kuhn, who obtained a default
divorce decree yesterday, was told bv
Circuit Judge McCourt that it does not
harm any woman to do work that she
is physically able to perform. Mrs.
Kuhn asserted her husband did not
earn enough to support them both and
she had to go to work in beauty
parior.
1T didn't hurt you, did it?" asked
the Judge
well, a woman isn't supposed to
work" replied the plaintiff.
"Bosh,' was the judicial comment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06

proportions during the week, with the
chief call for three-eights grades and
finer. The Government wool auction
Thursday was rather unsatisfactory
with less than 80 per cent sold at
prices which were bit easier West
ern buying proceeds slowly at UNI
changed rates. The goods market is
in healthy frame Of mind, the open
ings of lightweights thus far having
met with very satisfactory response
Prices in the primary markets remain
fairly steady with good clearnces re-
ported"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06

adds that trade in yellow pine is more
sustained than in other structural
woods, although much below normal,
even for the summer season.
prices in all structural woods"
says the report, continue a softening
tendency, with occasional sharp con-
cessions. Upper grades continue much
frmer than commons. Excepting a
slightly better demand from the East,
the hardwood situation is little
changed. Buying is on limited scale
and production is light.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
- - = - =
FINANCIAL
TELEPHONE AND TEIE
GRAPH COMPANY.

August /. 1871
Certificates for American Telephone and
Telegraph Company stock paid for III full
as OF July 20. 1921, under the provisions
Of the circular Of Mag. 10. 1921. are ready
II, New York tat the. Office in Boston. II
payment was made there) upon the sur
acknowledgment OF subscription payments.
II. pLAIR-sMITH Treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-06
Fire Record
LOSS.

A.
12:25-144 Spring St; American Prism
1:15-4o7 E. 1881 St. Charles
aao-S s5ga 81 hoos Ave- tba Rr Unknown
Trihing
s:2o--1s1 Essex St; Isadore Horo-
WITT .......... Unknown.
11:ao-416 Fist Ave; Awning; Charles
Coote ..'...-............U Unknown.
l2:oo-In front of 48 Bowery; auto
~ truck; Home News .Trining-
1s:oo--2o5 Audubon ave-; Louis Ellen.
Unknown
1:2o-s4o East 1920 ST.; Max zuclx-
1.25-S4 Ienox ave. unknown. itl Mons
2:oo-1116 Webster ave-. the Bronx;
a45s aaAS ws nfo Fist ST. Harry s Unknown
2:5o--142o Prospect ave. the Bronx;
s:15-gsth st: and Lexington ave:
4:1o--86s T. ls6th St. the Bronx; I'M ''''''
known. Unknown
4:45-S5 Ave c; unknown. Trihing
6:26-163o Bathgate ave. the Bronx
Isaac Leider ............ Unknown
s:o5-so5 Lexington ave. David Gold
berg ACKNOWLEDGEMENTS. Unknown
s:55-52 First st; Pail Bros. ... Trihing
7:15-lo Fort Washington av.; un-
1905 Howard st: Lotos Motor Co
s:16--7oo Cauldwen av. the Bronx;
s:45-io5 Madison Az, Epstein I'm
derwear Co ............ Unknown
S.5o-Front of 1853 Clinton av., the
Bronx; Albert Olpp. Unknown