davidaulloa/AmericanStories huggingface dataset:
Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-11-24
ORDERS GRAIN
RATE CUT DEC. IT
Commerce Commission Requests
Roads Put New Charge
into Effect.
FOLLOWS DECISION OF OCT. 20
Board Disregards Compromise Pro-
posed by Carriers and Makes Larger
Reduction on Hay and Grain Man.
datory Upon the Railroads.

Washington, Nov. pa positive or
der was issued by the Interstate Com
merce commission requiring railroads
to put the approximately 16 per cent
decrease In hay and grain rates into
effect on or before Dec. 81 next.
The order follows up the decision
given Oct. 20 by the commission. which
declared grain and hay rates from the
Mississippi valley to the Pacific coast
unreasonably high, but which did not
carry compulsory orders. The Octo-
Der decision instructed the railroads
to make the reduction by Nov. 20.
which was not done because the rail-
road opened negotiations with the COM
mission suggesting that 10 per cent
decrease In freight rates on all agri-
cultural products be substituted for
the larger decrease on grain products
and hay alone.
Dlsregards Compromise.
The commission, however, by the or
der issued disregarded the compro-
mise proposed by the railroads, and
makes the larger decreases on hay and
grain mandatory upon the roads.
The order issued made specific and
definite hay and grain reductions. The
original decision said railroads should
reduce the rates on the products con-
cerned by one-half of the increases
given in 1920 The commission or
dered hay and grain rates between
points in mountain-Pacific territory,
and not more than 1875 per cent above
the rates in effect before the 1920 in
creases.
Between points in the western group,
as defined in its decision where 40 per
cent increases were allowed in 1920,
fective at 20 per cent; between other
western group points the commission
held rates shall not exceed 17.5 per
cent above the old schedules, and be-
tween points In the mountaineering
group and points in the western group
the increase above the old 1920 sched-
ules shall be held to 10 2-3 per cent.
Must Fix Rates.
The effect of the order thus Is to
make specific the percentages of re-
duction In tho territory concluded.
The commission also reiterated its de-
cision requiring the roads to fix rates
for coarse grains, such as corn, at 10
per cent less than the rates on wheat
The western group mentioned in the
order includes territory between the
Mississippi and Illinois rivers and the
north and south boundary line on
which the state of North Dakota, Mon
tana, South Dakota, Wyoming and Ne
braska join. and extending south to
lei Paso, Texas.
The mountain-Pacific group lies be-
tween the western group and the Pa
cific coast.
Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-11-24

Prince Albert Is
sold in toppy red
bags, tidy red tins,
handsome pound
and holt pound tin
huHiidors and in the
pound crystal gloss
h u m id or with
sponge rioiSfener
tcp.
Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-11-24
NAB SCION OF RICH AS RED
Mortz J. Loeb, Member OF Many
Prominent Chicago Families,
Is Arrested There.

Chicago, Nov. 22.-Moritz J. Loeb,
nephew of Jacob NJ. Loeb, millionaire
insurance broker and former member
of the school board, and of Ebert III.
Loeb, vice president and treasurer of
Sears. Roebuck & Co.. obtained his
own release in cash bonds of $50 after
being arrested as the head of a mass
meeting of reds.
Loeb is a son of julius Loeb, wealthy
real estate broker.
He was charged by Detective Sergt
Lawrence McDonough of the bu-
reau with being zone of the smoothest
and cleverest radicals in Chicago"
McDonough said, and Loeb denied,
that the meeting in Garments hall was
for the purpose of raising funds for
the defense of Sacco and vanetti, con.
victed of murder In Boston.
Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-11-24
SCHOOL BACKED
BY ITS ALUMNI
OVER $50 ALREADY SIGN
PAPER FORMING AN
ASSOCIATION

With over $50 graduates of the Wau-
sau High school already having signed
petitions calling for the organization
of the Wausau High School Alumni
association, the formation of such a
society is assured. Oscar Binzer, who
is acting as temporary president OF
the association, which held a public
meeting recently, declares that gradu-
ates who are now attending various
colleges and universities have been
asked to join and that replies are be-
ing received daily.
An alumni association has been de-
sired for number of years but not
until this fall has there been any
concrete evidence of sufficient inter-
est to warrant it. The interest
of many local business men in
football this season increased the de-
demand for a closer relationship be-
tween alumni and the high school as
it is today. Such men as Oscar Bin
ger, Wylie Sampson, George l.. Ruder,
Walter E. Curtis, John Manson, Frank
lin E. Gritzmacher, C. E. Parker, Dr.
John A Frey, Stanley Burek, Edward
P. German and others have taken a
definite stand in favor of an assocI-
alton.
Small Fee
A fee of twenty-five cents is to be
assessed against all those who have
thus far signified their desire to join,
this amount to create a fund with
which membership may be encour-
aged. Later membership fee of $1.00
a year may be assessed
1t is the intention of those leading
the organization to put on home tai
ent show, at Pays to ADVERTISE" at
the high school auditorium before
Christmas, the proceeds of which will
be used to assist the athletic depart
ment of the high school and to pay
for services rendered during the foot
ball season.
There is a great field for this group
of business men and women" one of
the enthusiastic graduates told The
Pilot. "We should not only do all in
our power to foster the development
of good, clean athletics, but we should
also understand what is going on at
the high school today. We should
watch the curriculum, keep informed
as to what Improvements are being
made in the institution, and help the
high school to keep abreast of the
times"
Supt S. B. Tobey is heartily in ia
vor of the move. 1.-THE graduates of
the Wausau Hingh school are young
people who are either now entering
the responsibilities of public offices,
carrying on business institutions, in
teresting themselves in commerce gen.
orally or in training for their life
work"
Assume Burdens
Many of them will soon be taking
the places Oh those who have borne
the burden of manufacturing or bust
ness enterprise in this community, or
they have already assumed these re-
sponsibilities. They are better pre-
pared than were their fathers and
mothers to enter upon business ca
reers."
Members of an alumni association
having been recipients of splendid ed
vocational opportunities afforded by the
high school, should be the first and
foremost persons in an effort to trans
NIT even better opportunities to the
youth of today"
Meetings will be held in the near
future to perfect the organization,
Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-11-24
these sections. The board did not
make the change.
On Memorial Trees

TN Mem0TIaI ITets
Supervisor Louis c. Leak introduced
resolution calling for the appoint
ment of committee TO investigate Inc
suggestion that trees be planted along
Memorial highway. A committee
was appointed by Chairman Gaetzman
consisting of Supervisors Leak, Leon
W. Davis and Robert Hamilton and
report to the board will be made in
January.
Following an address by Harry G.
Berger, on the splendid work being
done in the county by Wakelin Nc
Neel, county boys secretary, the board
agreed to stand part of the $4,000
which is required to support his work.
Supervisors Carl Hilber, A. j. Peter
son, George Cook, all supported the
proposition, relating their experiences
and commencing Mr.. McNeel's work.
After some debate, and following
the recommendation that the applica-
ton OF the Bank of Athens to be desig-
mated a county depositary, be disal-
lowed, the board adopted an amend
ment making all banks in the county,
county depositaries. This amendment
was made by Supt. Cook, after Su-
pervisor Chesak has amended the
original motion to make the Bank of
Athens county depositary. The dis
position of county funds will hereaf-
ter be determined by the county treas
urer
Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-11-24
ROCKEFELLER LOSES BIG SUIT
Maunate Must Pay Income Tax on
Stock Distributed by Two
Companies.

Washington. Nov, 22-John u.
Rockefeller and others who participat.
ed with him in the distribution by
the. Ohio OH company and by the
Prairie on and Gas company to their
stockholders of stock respectively in
the Illinois Pipe Line company and
the Prairie Pipe Line company must
pay income tax upon the same. under
decision by the United States SUI
preme court
Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-11-24

All mammals have the same num-
Der Of vertebrae In their necks-seven.
These seem adequate enough for a
man or a mouse or tiger, but very
few for giraffe. Yet there they
are--count them-seven
Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-11-24
WATSON NEAR FIST FIGHT
Senator From Georgia and Williams Of
Mississippi Almost Come to
Blows In Senate.

Washington. Nov. pa physical
encounter was narrowly averteti In the
senate when Senator ''Tom" Watson
Of Georgia accused Senator Williams
of Mississippi Of "deliberately saving
that what he knew was not true"
Williams accused Watson of "belng
against his country during the war"
Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-11-24

in the city.
1t is suggested also that an Alumni
ball be arranged for the Christmas
season, this to be made an annual af-
fair.
Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-11-24

graduates will be spending a time
when permanent officers will be elect
ed 1t is believed that during the
holidays much can be done to increase
the membership as so many former
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05

ton business men and bankers, has
established local offices In the Albee
Building. Fifteenth and @ streets
northwest
The new company owns two
universal Joint patents. one designed
for the automotive industry and the
other for general machinery uses.
The new joints were invented by
Charles w. Sponsel. a consulting
engineer.
The ,spenseI- drives" as they are
termed In industry. consist of shaft
and two joints. They have been tested
by several Of the leading automobile
and motor truck manufacturers of the
country, II is said, and have been pro-
nounced by the engineers of those
companies to possess durability equal
to. II not In excess of, any similar
joint now on the American market.
The company is capitalized at 81, 000,-
900. The stock In divided into 200 900
shares OF 8 per cent preferred ana
200, 900 shares Of common, both classes
having par value Of $40 per share
The officers Of the company include
Rear Admiral A. r. Couden, u. s. NJ:
Rear Admiral M. ]. Endicott, U. 8, NJ,
and e. w. Creecy, general manager.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05
LAW BRINGING AID
OU.S.fARMERS
PASSED IN SENATE

Another farmer relief measure, the
Administration plan for Government
aid in supplying credit for expectation
of agricultural products, was passed
by the Senate yesterday and sent to
the House.
The bill was a substitute for the
original Norris bill and provides for
the War Finance Corporation to fur
nish the export credits. The Norris
bill. which proposed new Govern
ment credit organization. was laid
aside formally and the substitute
drafted by Secretary Hoover, Of the
Department of Commerce, and Direc-
tor Meyer, of the War Finance Cor.
poration. was adopted virtually intact
yesterday. The bill authorizes the
War Finance Corporation to make
loans to agricultural associations,
banks and trust companies. The bill
makes no change In the corporation's
cash capital of $500, 900, 900, but re.
duces from $4,000 900 900 to 81, DOC. 900 ;.
600 the authorized maximum bonds IL
may issue. This, according to Direc-
tor Meyer, will be more than sufficient.
Through loans to banks on agricul-
tural collateral, 1t Ii expected the bills
influence will be felt mostly by the
expansion OF credit available to farm
ers.
In disposins Of final amendments.
the Senate rejected riders of Western
Senators to extend privileges of the
Federal farm loan system on Gov
eminent reclamation. Assurances for
future action In a separate bill, how
ever. were given.
Senator Norris, chairman of the Az.
ricultural Committee. who Initiated
the credits legislation and who col
iapsed week ago after a long speech
criticising the Administration substi.
tute, was not present for the vote to-
day. He left tonight for an extended
vacation In an effort to regain his
health.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05
Wholesale Produce
Market
FURNISHED BY Tidswatsr Lines. Ina

The market remains steady except
for slight changes being noted on the
live and dressed poultry market and
another raise In the price Of eggs.
Quotations follow:
EGoS-Strictly fresh. Sc; average, ssc
POULTRY-Aiivs: BOOSTERS. 1Se per ID.
turkeys $50 sbc per ID; chickens, Sa0 sse
per ID. hens. 20 o 2sc per h.; keats, young
Soo7Bc each. Dressed Fresh killed
spring chickens, ss0<oo per lb.; hsns, ~
Saso per ibS ROSTERS $40 per lb.: tur.
keys 80 @ <oc per ID.
PORK-Dresssd: Small, $50 Per ID.
medium, laolto per IL; heavy. is0iSs
iivvEsrocK--caIy.s; Choice, lee %,
H.; lambs, choice, ~ 0loc per ID.
XPPLEsNBbl:- ylrEini.. ana w::,
Winssaps. best, -: poorer. Sf.gS; yellow
wins:sP:, best, $40; poorer ~; Ben Dsv,s
sLxCKBERRIEs-s per quart.
acknowledgements NsSoaSs %,
CoRN-sl.oo016o per crate.
CUCUMBERS-S1.Soo per bushei
LETTUCE-S1.ko02.6o per crate.
ONIONs-standa crates. Nos. ! and
.. mixed, Sl,Seq1.oo.
TOMATOES-Mississip u and turning
ripe. best, bo07kc-
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05

1t appears that the majority Of
the purchasers of stock Of the Occi.
dental Oil Corporation were found in
Washington and in Richmond, Va. A
considerable number were department
clerks and soldiers in nearby mill.
tary camps.
The action in Delaware was insti.
tuted by Attorneys Ralph II. Case, Of
Washington, d. c.. and Dudley c.
Outcalt. of Cincinnati. Ohio.
The latter when interviewed today
said that following the failure Of the
directors of the Occidental Corpora
ton to call a stockholders meeting
In January last. an organization Of
stockholders was effected for the
protection of their interests.
About May Is demands we're made
on the company's officers. then in
Washington. by, Major Case and my
SELF" said Mr.. Outcalt today. for q
financial statement and an inspection
of books and records.
This was refused by Treasurer
Robling, who stated that the books
had been sent to Texas, as II would
financial statement at the Mexia
offices. Mexia is the home of T.
Frank Smith, who was formerly
mayor of that town. ~a
Demands were made on July by
Major Case and myself as attorneys
for the stockholders that the officers
of said corporation should comply
with the Delaware statutory pro-
visions by reporting the amounts re.
ceiyed on purchases of stock In
money or property and to file at Its
principal office in Delaware. the
original or duplicate stock ledger.
These demands being ignored. 'he
suit was begun in Delaware which
came on for q hearing today.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05
Mid-Week Lassitude Facilitating
Distribution-Railro Hit Top
General Asphalt Income-Germany
and tho Chemical Industry-Retail
Shoe Prices.
Thursdays Indifference.

NEW YORK. Aug. 5.-Every week
recently II has seemed as II Thursday
was the day on which traders in the
market grew tired of stocks. indiffer.
ent to their trend, particularly II that
trend be momentarily downward.
The recovery from this indifference
has generally been noted on Satur.
day. when a rally comes from the re-
newed enthusiasm that brings US into
Monday with a fairly strong market.
Yesterday was true to form. The
current market has been labelled. and
II appears to carry out the label, a
professional market.
What Wall Street really wants at
present, despite the short interest
noted In a number Of issues, is rising
market.
1t does not make much difference
who makes the market so long as II is
Is made. but 1t II not considered pos
sible that any considerable market
will be made until stocks drift or are
led into a definite picture Of steady
advances-when the public. attracted
by the movement, will come In.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05
Baltimore Grain Market.

BALTIMORE. Nd, Aug. 5.--Wheat,
easier; No. red winter, 1929; No. 2
red winter, garlicky. s1.21x. Re.
ceipts. 22s,S65 bushels. Shipments.
1884 bushels.
Corn, easier; No. 2 yellow, domes.
tic, IS cents. Shipments, 762 bushels.
Oats, easier; No. white. domestic
old, 40. Receipts. 1851 bushels.
Shipments, 3,732 bushels.
Rye, easier: No. western, export,
spot, $1.1s. Receipts. 7s,4s3 bushels.
Hay, fair demand for new crop.
Flour, quiet.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05
After Uruguayan Loan.

NEW YORK. Aug. 6.-Three bank.
ing syndicates, each headed by one
Of the largest investment institu-
tons in the country, are competing
In the negotiations for a Uruguay
loan Of from $500, 900 to $40 ,000, 10000.
The Guaranty Company Of New.York
is manager Of one group negotiating
for a $500, 900 issue. The National
City Company heads a group which
Is trying to lend Uruguay a similar
amount, while the Equitable Trust
Company Is sponsor for syndicate
which offers to lend $4,000 900.
A cable from Montevideo yest.r.
day stated that the financial com.
mission of Uruguay favored the
terms offered by the National City
Company. but that che members of
the assembly objected.
/ This means that there win have
to be further negotiations
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05

told while abroad that the Germans
had no intention of trying at the
present to make any great profit
out Of their exported products.
The impression he took away with
him on several Of his trips was that
the main intention Of German manu-
facturers was to re.introduce their
goods into foreign markets and force
reduction Of prices, especially by
American manufacturers.
There is nothing particularly
gloomy In the outlook Tor America
he thought, since knowing the wide
spread intention Of German industry
the American manufacturers can pre-
pare for the competition; the relation
these facts have toward the chemical
industry Is in the pre-war excellence
Of German dyes, which 1t behooves
the American makers to equal. II
they cannot surpass. since the re-
introduction Of German goods is of
such Importance to the manufact-
urers of that country that they are
willing to try operating for export
at a loss. 30 long as the ultimate
end can be attained
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05
General Asphalt Meeting.

General Asphalt directors are
scheduled to meet on August 2, and
there Ia some talk heard Of an in
come statement for the first half of
the year to be issued.
Asphalt has never paid dividends
on it's common stock. and usually
only publishes it's earnings once a
year. This leaves 1t In a position
where pools like to work.
BY spreading rumors Of record
earnings, etc, all of which usually
fail to materialize., the pool is able
to induce gullible traders to follow
It's moves.
When the unloading times roll
around these traders are left hold
ing the bag and have to get out the
best way possible.
Then the pool picks up the cheap
stock and goes ahead once more with
it's manipulation. This is what hurts
In a market such as In now being
experienced and what causes the loss
of faith.
Some statement of it's six months
earnings would be most welcome II
1t were issued for IT would show Just
how illusionary are the reports of the
company's big earnings from its oil
holdings"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05
Dividends Declared.
Foreign Exchange,
Rate. Period. Payable

NEW YORK, Aug. 6.-The foreign
exchange market opened steady today.
with demand sterling unchanged to
t3.6oA. Francs yielded one centimo
to 7.75 for cables and TIA for checks.
Tires rose n point to %.31h for cables
ana f.s0h Tor checks. Belgians ad-
vanced ] centime to 7.43 for cables and
7.42 for checks.
Other quotations are Guilder cables,
3o.65; checks, 30.63. Sweden kroden.
cables, ao.S2; checks. ao.47; marks.
l23a.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05
Support And Distribution.

Yesterdays session with it's dullness
was not considered a sign that the
market would not continue to be sup
ported; but. as one shrewd student Of
speculation put 1t, markets are sup
ported in order to facilitate distribu-
ton. The fact that some stocks de-
velop new strength after distribution
has started In others simply empha-
sizes the axiom Of speculation that the
market seldom II ever acts As q unity.
After the large part of the stocks
accumulated last month are distrib-
uted. certain men in the Street be-
lieve. the rails may be expected to
cancel substantial portion Of the
advance they have had since June,
though II Ia not generally expected
that these shares will touch the June
lows again for some time.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05
Liverpool Cotton Market.

LIVERPOOL. Aug. 5.-There was a
moderate request for spot cotton at the
opening this morning. Prices were
firm, sales were 5000 bales.
American middlings, fair. 1l.04; good
middlings. 1884; fully middlings, s.e4:
niddlings, $40: low middlings, 7.5s:
good ordinary. 6.+4; ordinary. $50.
Futures opened quiet.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05

mary order OF court for the
holding Of a meeting of the
stockholders for the election
of directors. Representing
the complaining stockholders
were attorneys of Washing
ton, D. c., and Wilmington.
Officers of the company by
their counsel appeared, and
upon their plea of lack of
time for preparation Chan
cellor Josiah O. Wolcott set
down the cause for trial on
September Is next.
The pri in C i p al business
office of the Occidental Cor.
poration is stated in the com
plant to be in the Continen.
tai Trust building, Washing
ton, and its officers given as
T. Frank Smith, president;
w. R. Charles, vice president,
and Luther J. Rolling, secro-
tary and treasurer.
The complaint alleges that
the annual meeting for cleo
ton of directors, provided to
be held in January last WAS
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05

The basis upon which the leather
companies have recently been pro-
ducing, after the necessary writing
off Of heavy inventories. is indicated
In the plans of the retail shoe trade.
Shoes which retailed for about $l2
in the spring and which cost the re-
taller about $3.50 or 81 a pair are now
being obtained by the retailer at be-
tween $3.50 and $40 a pair.
The stock on hand in retail stores is
considerable and Is made up largely
Of goods purchased at high prices. but
a gradual reduction in retail prices Ia
expected until the fall, when the re-
tailers, with shoes of the same class
as described above at around SO and
81 a pair, expect business to pick up
considerably.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-05

hCAoh Va viz AN0SAoh0A SA0OVSA0
ton of Supervisors of State
Banks this afternoon at the
Hotel Believes ord,
Philadelphia, declared there
seems to be a mania for start
ing banks.
Continuing, the Comptrol-
Ter averred that there must
be q strong feeling ''that the
banker occupies a position Of
vantage, the easy life, the
road to riches"
Mr.. Crissinger declared
that it is unaccountable at
this time of business Quietude
that there should be so many
applications for banks and so
many under $4,000.
II am convinced" said the
Comptroller, that many ap-
plications are made with the
intent and purpose of Great
ing a place where the pro-
motors can find easy access