davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1921-09-01
EDITED BY
WILLIAM M. CONRAD
Occidental Oil Corp.
Stockholders to Meet

Following the heels of the order of Chancellor Wocot
Delaware citing the officials of the Occidental Oil Company
with Offices in the Continental Trust Company appear in
court in Wilmington, Dell September 3D. for hearing
complaint number of stockholders that statement
the organizations business has been made to their saac
on meeting Of the stockholders has been called for Sep
TENDER 10. - $500 ,s.ss.gf,4 y
The gathering will be held in the local Offices of the
pany and will be held at 10 o'clock the date question
when certain stockholders who petoned Chancellor WocoH
to look into the affairs Of the corporation declare there will
be fireworks" -
No program has been given out yet is understoo for
the meeting but is expected that President T. Frank Smith
will present statement to the stockholders bearing
condition of the organization together with its prospects
The company has large number of stockholders in WASH
ngon and it expected that the capacity of
quarters will be taxed to capacity when the meeting opens
The action Of Chancellor Wocott it is expected will be dis
cused early in the meeting and the stockholders asked to
their opinions what should made by the
TONS officials when they appear in Wilmington.
The Washington times., 1921-09-01

be willing that he should also sell to
us. Trade, in the long run. cannot be
a one-sided matter of sensational ex-
port balances.
II am in favor of the principle of a
protective tariff for America to the
extent that its application is necessary
to preserve our industries and the
American standard of wages and liv-
ing. But the American standard of
wages and living does not and cannot
and should not mean that extravagant
and wholly fortuitDus standard which
resulted from the war and from its
after effects.
In order to use the capacity of our
industrial plants and to give full EN-.
ployment to our workers. we must
make every effort to hold our own in
the markets Of the world. And that
is only possible IL the cost of produc-
ton can be brought into line with
existing conditions. All of us, in
GLIDING labor, will be better off in the
long run by getting away from an ar
tificial level, which has been of gen.
uine benefit to no one and of consid-
cradle harm to a large fraction Of
our population.
80 Sound and effective measures to
aid the farming industry.
occono ofiiy 10 agriculture In ma
tional Importance is the railroad in
dustry, affecting, as II does, the pub
lie at large, the shipper, the investor
and many industrial and commercial
activities dependent on it to a con-
siderable degree. 1t is greatly to he
hoped that the long-pending settle
ment between the Government and
the railroads will at last be consum-
mated without further delay.
"(5) Cultivation Of our export trade.
That is difficult task at best. 1t re-
quires us to project our thoughts and
plans internationally and to establish
serviceable affiliations and sppropri-
ate cooperation abroad"
The Washington times., 1921-09-01
Mexican Situation.

NEW YORK, Sept Mexican
Petroleum continued the leader in
the market yesterday and when 1t
reacted for time, Studebaker
stepped forward, the latter giving the
shorts a squeezing.
1t is believed that some good news
will shortly emanate from Mexico
on the oil situation. This would
keep Mexican Petroleum In leader
ship to carry the market higher.
Better relations between the United
States and Mexico are forecast.
The decision of the Mexican su.
preme court in restoring properties TO
private owners is likely to lead the
way for the recognition OF obregon
by the United States. ,.
IL the new tax on exports can be
modified at the coming conference
between oil men and the Mexican
government, II is believed that both
nations will be drawn much closer
together.
situation would be great feat for
The clearing up OF the Mexican
The Washington times., 1921-09-01
Rea Sends Message to
tPennsy' Stockholders

Samuel Rea president of the Pennsylvania Railroad Com
pany signs message to Washington stockholders of the
company today with their quarterly dividend checks in which
he points for the reduction of the dividend from
/ ~ per cent to / per cent.
"A check is enclosed herewith, says Mr.. Rae, for div
dend per per share upon stock of this
company registered in your
This dividend is at the quarterly rate that paid
three months ago.
Por that date for number of the quarterly rate
per cent The decrease in traffic and the unsettled
condition of business generally emphasize the policy of the
directors in making this reduction.
hey felt that although the dividend has been
quarter in the portion of the year that
elapsed yet having regard for the maintenance of the
panys credit and therefore for the best interests of
holders it desirable to declare dividend Of per cent
for the present quarter"
The Washington times., 1921-09-01
INDEPENDENT STEEL
MEN SLASH PRICES

YOUNGSTOWN. Sept. l.
with orders In the steel indus
try at an extremely low ebb.
independent concerns today are
slashing prices IN an effort TO
secure business.
Like an avenging fate. the
Steel Corporation is meeting
every reduction announced by
It's smaller competitors.
Not even the time-honored
price making arrangement,
known as the Pittsburgh base.
has escaped the deluge.
Many steel products are now
being sold Z. o. b. mill, instead
OF at fixed price. plus or
minus the freight rate differ
entail between producing point
and Pittsburgh.
The Washington times., 1921-09-01

Exchanged Bonds for Higher Yield.
l.. HI owned 81 900 Great North
ern Railway general mortgage 70,
1896; $1,000 e. ]. du Pont de Nc
mours III, 1881. and 1000 Am RI
can Telephone and Telegraph g.,
1924.
have exchanged these bonds for
the following: Portland Railway
Light and Power 71is, 19<6: French
Republic TVS, 1s4l, and Humble Oh
Is, 1923.
I should like to ask your opinion
IL made a wise move.
The man from whom ] obtained
the first investment, on June 80,
told me I would gain in the trans
action between $50 and sac and re-
cure a higher rate OF income yield.
Answer-The bonds you held and
the bonds you have secured in ex
change are good Investments.
In making the exchange You get s1s
more interest and an average OF long
er maturity. But these advantagel
are very small.
We don't advise you to exchange
your Humble Oh bond for STANDARD
Oil stock.
But owing to the short maturity OF
these notes II might be advisable to
swap for a Canadian Northern Rail.
way Company twenty-five 6h per
cent sinking fund gold debenture
bond.
These bonds do not mature until
1916, and are issued under a provisc
that they will not be called until that
date.
They are guaranteed principal and
interest by the Dominion Of Canada.
As you already have one French
bond that II enough.
The Washington times., 1921-09-01
Baltimore Grain Market.

BALTIMORE, Sept. Wheat
firmer; No. 2 red winter, s136k; No
. red winter. garlicky, s1.24h. Re.
ceipts, 123.159 bushels. Shipments
$4,000 bushels.
Corn. steady No. 3 yellow or bet
ter domestic, 74G75 cents bushel
Receipts, 1895 bushels. Shipments,
2T,605 bushels.
Oats, firmer on spot; No. : white,
new, ~. Receipts, $500 bushels
Shipments, 3,64s bushels.
Rye, firmer; No. western export
spot, SIAN. Receipts. 69.91s bushels
Shipments. 1871 bushels.
Hay, steady, unchanged.
Flour. fair demand. domestic and
export.
The Washington times., 1921-09-01
Foreign Exchange.
FURNISHED by Redmond & Coz

NEW YORK, Sept. 1.-The foreign
exchange market opened firm this
morning, with demand sterling
cent higher, to s3.73Y. Francs rose
l Genuine, to 1877 for cables and 1856
for checks. Lires advanced points,
to Az for cables and 4.46 for checks.
Belgians were / centime higher, to
1888 for cables and 1852 for checks.
Other quotations are: Guilder, ca
bles. $3.50; checks, 31.7S: Sweden
kronen. cables. 21.75; checks. 21.7O;
marks, LII.
The Washington times., 1921-09-01

Which marked by the sgnposts Of economic soundness
Some of these signposts are:
"Q) wise taxation policy. We cannot have a return
to normal business conditions cannot have vigorous
enterprise until shall have corrected the garng
at least the faults of system of raising
revenue.
"(2 wise credit and loan policy There has been
much willingness in certain financial quarters promote
to float securities for public sale and fac
tate business expansion when abnormay high
and policy of caution and restriction indicated
The Washington times., 1921-09-01

Leaders Should Encourage.
In times like the present. the atti-
tude of those who are in charge of the
business of loans and credits should
be one Of active encouragement and
of ready willingness, within the
limits of prudence and capacity, to ex-
tend adequate facilities to borrowers
for legitimate needs at home and
abroad.
''(3 A wise tariff policy. II we want
the foreigner to buy from us we must
The Washington times., 1921-09-01
Local Stock Market

SALES.
Washington Gas. SIS. $1,000077h'
$1.000G77h.
Washington Railway As. 10000
61&, $1.0o0Q61N. $1,000Q61%, $1,000
Q61h. $l.000961h. $1.000Q61 "
s1.000461h.
Potomac Electric LIST SIS, 10000
s9k. s1.0O0Q8sh. S1,0O0Q89h.
Capital Traction, 1Q85A, 5Q85h
Washington Railway common.
5Q25.
Washington Gas Light. 5@45N.
5Q45N. 20Q45h. 10Q45h. 3Q45h.
15Q45h.
Mersenthaler. s@l2o, 5000. 100
20, 5Q120.
After Call--Washington Gas SIS.
s1,o00G77h.
Money-Call loans offered at Z
per cent with 6 per cent bid.
RnNDE
The Washington times., 1921-09-01
Chicago Grain and Provision.

CHICAGO. Sept. 1.-Wheat opened
unchanged to Y higher: corn Y to
u higher; oats u to n higher; lard
lower; pork and ribs. not quoted.
Opeping:
Wheat-September. 1.21h@1.21A;
December. 1-2ak 91.23; May. 1850
1.26h.
Correspondence. 5s@54; December,
63% Q54: May, SIN.
oats-september. ssS @s4; Deem
Der, 37hQ37K; May. 4I%.
Lard-October. 11.60Q11.57.
The Washington times., 1921-09-01
Liverpool Cotton MARKET.

LIVERPOOL, Sept. business
was large at the opening Of spot
cotton today. Prices were easier.
sales were 10000 bales, including
5000 late Wednesday.
American middiings, fair, 1886:
good middlings. 11.16; fully middlings.
1916; middlings, 1886; low middlings,
9.5S: good ordinary, SIS; ordinary,
ISL.
Futures opened steady today.
The Washington times., 1921-09-01
Liberty Bonds.

NEW YORK, Sept. Moon Lib
erty bond Quotations: avs. ts7 80;
LIST 4k's. 1912: End AIS, 5s7.7e:
Bird AVS. $91.ss; 4th AXIS, 1891;
Victory 3z's and ANS. 1884,.
The Washington times., 1921-09-01
Oregon Bond Sale.

A syndicate of local, Chicago and
ST. Louis bankers have purchased
81. SOC, $50 OF 5h per cent highway
bonds of the State OF Oregon.
The securities will be offered at
prices yielding from $50 to b.35 per
cent on the investment.
The Washington times., 1921-09-01

Olympic yesterday afternoon,
In summing up the financial
situation.
eff we will take it reso-
lutely," he continued, "refus-
ing to be enticed into byways
or alleged short cuts, we shall
soon find ourselves within
sight again of prosperity and
national well-being.
America looms so large
as an actual, and still more
a potential, factor. in world
affairs that her domestic af-
fairs form an appropriate
subject for discussion in even
80 cursory a survey Of world
matters.
"Our own house must be
in order before we can be
effective in those affairs
abroad which are of concern
to us. 1t seems to me the
time has come when we
should rouse ourselves out of
our slough of industrial de-
spond. And l believe we can
do so if we make a deter
mined effort and pull to-
gether and follow that road
The Washington times., 1921-09-01
Vivaudou Doing Better.


One of the few Industrial proper.
ties operated at a profit at this time
is Vivaudou, Inc.
Average monthly earnings are nj.
most equal TO the best. The COM
pany's fiscal year, which closed yes
terday, resulted in fair volume of
profit, after depreciation charges
and the marking down of inventories.
The latter item has steadily been
written off until goods are now car
ried at current prices. The com-
pany has enough cash on hand TO
pay off the outstanding notes, while
accounts receivable are about eight
times the amount of bills payable.
The quick assets are declared to be
considerably above the price at which
the stock Is quoted. This excludes
values Of machinery, plants. etc.
The Washington times., 1921-09-01

80 preferred stock of local growing concern IN
the amount of 100000 for sale in SMALL or LARGE
amounts This stock is fully protected will bear any
investigation that wish. will pay small investor. Of
$4,000 and upward to inquire into this proposition Liberty
sonds accepted at full value and interest We are
stock brokers. but selling direct Small
INVESTORS given the attention large ones No trou
Ae at all to have representative call explain Ad
dRsss, Box 297.
The Washington times., 1921-09-01
New York Clearing House.

NEW YORK. Sept. Clearing
house statement: Exchanges, s729..
100. 900; balance, $52.200,oo0; Federal
Reserve Bank credit balance, $4C.-
900. 900.
The Washington times., 1921-09-01
Wall Street GOSSIP

the present Administration. As the
former Administrations effofts to
bring about settlement caused n
tighter knot then ever before.
The Washington times., 1921-09-01
observation-disclosures
In World Affairs NolU

The road lies before broad and straight" declared
Otto H. Kuhn member of the banking firm of Kuhn
Co., of New York. as he came ashore from the liner
The Washington times., 1921-09-01
TO INVESTORS

The Times will be glad to aid you.
Write us fully, enclosing stamped
addressed envelope for reply. and
address tho Financial Editor.
The Washington times., 1921-09-01
vAHp BUSINESS D FIN CE


FURNISHED By w. p. Hibbs Coz
The Washington times., 1921-08-19
Who Gums the
Congressional Record :?

yHE Congressional Record was blue penciled recently,
eliminating excellent fight, with good reasons
both Sides between Senators Reed, of Missouri, and
McCumber, of North Dakota For whom the stenog
raphers paid by the public supposed to prepare these
records' Is it record to tell the people what HAPPENS
in their Congress- is it record to give the people such
impressions of Congress Congressman WISH them to
have?
If there are in the Senate fighting with real energy,
using real language haven't the people right to know i
They don't doctor the record in the British House of
Parliament.
When Irish Tim Healey said of the English Colonel
Sanderson 'The honorable and gallant gentleman is
wlfu and cowardly liar" that went in the record Then
the Speaker said most solemny, "Mr Healey, 1 name
you and Healey taken out talking too fast for any
stenographer.
1t is quite certain that Senator Reed, of Missouri,
natural born fighter and willing to have everybody know
it. would not ask for any change in the Record. If he
saws that is liar, something approaching that,
he means it and wants the world to know it.
1t cannot supposed that Senator McCumber would be
any less willing to have his views and powerful language
fully recorded.
The people entitled to know what their represen-
tatives are doing and saying
They by offended when Congressman
says something vigorous. They like it. They delighted
when somebody in that body feels strongly public
questions.
The Record should be correct and changed 1t may
have value day for patient historians trying to find
out Just what did, and why did it. in these days
of RECONSTRUCTION" when nothing is being reconstructed
and nobody, apparently, knows how to start.
The Washington times., 1921-08-19
We TOWNE GOSSIP
Registered U. s. Patent ofnc~
BY X. G. B.

DEAR K. C. B-I have often seen in your
~ column where some one wrote you some
thing and you answered it, and | have been
wondering If it was true that they really
wrote or if it was just make-believe. II 1t is
really true l know YOU will answer this.
Two months ago | was injured and went to
hospital, and three weeks later | was
allowed to sit out on the front veranda, and
one day they brought girl who was III to
the hospital and she had dog and the dog
followed them and they took the girl in at
the front door and shut the dog out and the
dog waited on the front steps. The girl died
and they took her away and the dog didn't
know it and they tried to drive the dog away,
but he would howl and run around the corner
and come back when they stopped throwing
stones at him.
Then left the hospital, and the other day
was there to inquire about some mail and
the dog was still waiting around for the girl
to come out He keeps his eyes always on
the front door.
Isn't it too bad that he doesn't know that
she came out. I hope you will sympathze
with me in my emotions, as one else seems
to understand. r. B. p.
Los Angeles, Cal
The Washington times., 1921-08-19
HU NJ A MS NJ s.
= William Anterior Du Puy -

Capt Walter j. Lawson, Of the United States
Army, was in command of flight OF Hty.two
miles out in the Atlantic ocean and dropped
bombs some captured German warships, the
same being done for experimental purposes.
Fifty miles is goody distance from any
place where flier might land and ask for a
glass of buttermik; and they scared around a bit,
burned up much gasoline and watched darkness
settle down over the world Finally they strung
out and started for home.
After hours flying there peeped over the
horizon the distant twinkle OF lighthouse on
Cape Hatteras. Captain Lawson's pilot leaped
over touched him on the shoulder, pointed to the
light
North America" he said.
Last fall, down in Oklahoma. the fight over the
election desperate anywhere else in
T the nation. John william Harreld was running
for United States Senator and was scheduled to
make a half-dozen speeches on the last day OF
the campaign. Late in the afternoon he TO
address audience at Shawnee, and at night.
his final speech was to be made In Oklahoma
City. The two towns were forty miles apart
The bridge which connected them by automobile
road got itself washed out.
SO the candidate found himself facetoface
with emergency. The only way he could get
from Shawnee to Oklahoma City was by hiring
a special train. which would cost him $500. And
he had already spent all the money allowed him
under the law, to do this he would need to violate
the law. Otherwise. he must miss his Oklahoma
City meeting.
Trusting to luck he went ahead with his speak.
ing schedule. not knowing how he was to get to
the point of his final address. AS he finished
prise, the impatient whistle of an engine at the
railway station. The sound brought new hope
to him, and, investigating, he found that this
engine. with full steam up was attached to "a
car and ready for the dash to Oklahoma City.
He got aboard and was whisked away, Through.
out the ride he kept vowing to himself that should
it develop that this train furnished by some
individual who wanted to exercise undue con-
troll over him he would take special pains to undo
that attempt The mystery of the train was not
solved until next day after the votes were counted
He met Mrs. Harreld and she revealed that It was
she and not some agent of political control who
had sent the special to Shawnee.
When the campaign down in Tennes-
see last fall the Republicans celebrated their first
victory since the civil war with an elaborate din
ner to Claudius Huston, now Assistant Secretary
of Commerce, who had handled the campaign.
II was Of course, all-Republican affair
But a little while later the Democrats came
around to Mr.. Huston, signified their desire to
get their feet under the table for few eats like
wise and asked IL he would not allow them to
make him their suestsof honor also.
He assented and love feast resulted, all be-
cause the whole campaign had been a clean, high
class affair. satisfactory in its main features
TO the losers.
Copyright 1921.
The Washington times., 1921-08-19
Idle Money,
Idle Men
1OU can't kill the golden goose
and still get eggs from it.

~ W. Cdu NIL VIC Soluoh SoooS
and still get eggs from it.
You can't cripple business
and still get jobs from it.
1t takes money to run business.
Labor and money work together,
and if either one strikes, the other
is idle.
Labor will not and ought not to
work without fair pay. Neither
will money.
If money can't earn fair pay
working at keeping, factories and
shops and other industries going,
then money will go on strike, and
labor will be idle.
That's what is the matter now.
There is just as much money in
the country now as there ever. was.
But what with surtaxes and excess
taxes, and this. and that, money has
not been earning fair pay for keep
ing production and exchange going.
So it is on strike, or else hiding be-
hind tax-exempt securities. And
so, too, four or five million workers
are out of jobs.
Now, then, there is only one way
out of this bog-and that is to take
off the excess of taxation which
discourages investment in industries
and SO let money that gets busy
earn fair wages.
Then labor will have work to do
at fair wages.
Don't let demagogues and igno-
ramuses deceive you. You can't
make mAey work unless it wants
to. And money doesn't want to
work and never will work without
pay. .....
If we adopted the sales tax and
took off the other hindering and
DEMONSTRATING taxes, the fac
tories and farms would be going
and the unemployed would be back
at work in a few months.
The Washington times., 1921-08-19

4 YOUNG woman who went
u "joy-riding" in an auto
- mobile with strange men
was found unconscious in the area
way of private house the next
morning. In her pocket was found
beaded purse which contained
powder puff, box of face powder,
a lip stick and forty cents.
Nowadays, were there no other
clue to work upon, it is hardly likely
that Sherlock Holpes, Monsieur
Lecocq and the original Pinkerton,
working in combination, would sue
coed in establishing the identity of
the owner of this junk.
The combination of powder
puff, box of face powder, lip
stick and forty cents-moTe or less
lis probably the daily baggage of
millions of young women. If they
would add to this little handy
volume of Bacon's essays or some
other instructive, elevating work
and read it once in a while, there
would, perhaps, be less "joy-rid-
ing" with strange men.
The Washington times., 1921-08-19
Stars and Stripes

A New York lawyer entered his condemned
clients cell well" he said, good news at
last"
"a reprieve?" asked the prisoner eagerly
mo but an uncle of yours has died leaving you
IS 900, and you can go TO your fate with the
happy consciousness that the efforts OF your
lawyer i'm your behalf will not 20 unrewaTdedw
wife-My dear, we've simply got to change
our doctor. He's 90 absent-mnded. why, this
afternoon he WAS examining me with his stetho-
scope and while he was listening he called out
suddenly, "Hulloo! who's that speskingr