davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-06-28
Progress Reported
In Readjustment
OF Freight Rates

Rapid progress in the readjustment
OF freight rates to remove inequalities 9
Is reported in American Railroads, the
monthly publication of the Association
of Railway Executives, the June 2s
issue of which is out. to-day. The
TRANSIT Continental Freight Bureau of
Chicago reports that up to June 9
1,272 reductions have been made in
westbound domestic rates, 153,319 in
eastLound rates and 100 reductions in
export and import rates. The reduc-
tions affect grain, iron and steel, food
products, lumber and many other COM
modities.
Since June, 1920, the Western Trunk
Line Committee has considered 1900
subjects, over 80 per cent of which
were reductions, and nearly all affected
rates increased last syear. The de-
creases ranged from to 70 per cent,
the maximum cut being on paper and
lumber
In the month of May F. A. Leland,
chairman of the Southwestern Freight
Bureau, reported that 159 out of 1863
cases acted upon involved rate redlic-
tons. According to report, dated
june IL, from N. W. Hawkes., chairman
of the New England Freight Associa-
ton. for the period August 25, 1920, UP
to June J., 1921, that association has
considered 695 freight rate proposals
and in the same period issued 348 rec
concentrations, of which 80 per cent
were reductions.
The Trunk Line Association of New
York stated that in trunk line territory
from September /, 1920, to May 81,
1921, 1862 rate proposals were consid-
cred, of which 2,463 were approved. In
that month SO per cent tf the changes
in rates were reductions. Commenting
on the rate reductions in general
American Railroads says:
With all the savings that the rail-
roads can hope to make as result of
wage reductions and other economies
it is only with the utmost difficulty
that they can hope to earn the S475,-
100000 necessary to meet their fixed
charges for 1921.
There can, therefore, be no general
reduction of freight rates this year.
The best the roads can do is to read
Just rates on the existing level so as
to remove inequalities and maladjust-
ments that have resulted from the sew
eral blanket increases"
New-York tribune., 1921-06-28
The Market

The quick oversubscription yester-
aay Of the issue of S., 100000 of Illinois
central Railroad Company ffteen-year
SA per cent secured gold bonds was
viewed in Investment circles as
proof that there exists a good de-
mana Tor high quality railroad bonds
eesplte the unsettlement of the general
securities market. Investment brokers
thought, however, that under existing
sona,tions only the best kind of bonds
solld be placed, although it is. believed
saat the situation is turning for the
Dssser. Practically no new financing is
EElaaned until after the July holidays.
me pond market at the exchange was
ssrong IN spots yesterday. Frisco ad-
Jussments IS rose to 50, while numer-
Gus other rail issues showed substan-
4,at nt, fractional gains. United States
Huooer 772s held firm despite the
areaK .l IN the stock. Rising strength of
me local fractions was attributed by
- ..Llsesssfnent bankers to recognition of
saS Improving fundamental position of
pupilc utilities in general, due to fall
Ans wages and prices of materials.
New-York tribune., 1921-06-28

and the distance of the maturity date.
To figure the precise yield on bond it
is necessary to use yield tables, bat the
approximate yield can roughly be figured
out BY the follo,oing formula, Dtvids
the closing quotation on bond into
the rate Of interest it pops, and the re-
suit toilI be the annual return. If the
bond is selling betoW par you must
alIoao also for the Appreciation of the
principal. To do this subtract the mar
ket quotation from par, or 100, and di-
vids the remainder OF the number Of
years the bend has TO run before ma.
turity. Far Example, il per cant
bond is selling at 90 and has ten gears
to run, the annual return aoiu be 6-6s
per cent. The difference betloeen par
and the market price tcitl be 10 points,
su5tracting 90 from 100. Diufding ten
points By ten years, the qaotiett wiH be
/. This figure is to be added to 6.66.
which is tbs annual return, and ths rs-
suit is 7.ss per cent, teiJ glue yoa sks
Gpproaimnte geld.
New-York tribune., 1921-06-28
Administrator of Estate Has Problem

Question: have been appointed admin
lstrntor OF small estate, valued at about
s36,eoo composed In part Of the following
bonds: Providence Securities Company
per cent hve-year gold debentures, United
illuminating Company, New Haven, Series
a., first mortgage per cent; International
idated Railway Company per cent fifty
year gold debentures, New York, West
cnester & Boston Railway first MORTGAGE
Series Ser, ]; "a per cent Mississippi Central
Aanroad Company s per cent first gold
mortgage, Union steel Company first mort
gage, 5o-year 5 per cent; International
Rapid Transit per cent first and refund
ing gold mortgage, Armour 81 Co. real
estate first mortgage. ~ per cent. s0-year:
Buffalo General Electric ave-year 6 per
cent debentures also the following stock:
connecticut Railway y Lighting Company,
Ways 10 shares cumulative preferred NV
dlniculty is in deciding whether 1t would
be better to sell all or part OF these bonds
at market prices or continue the estate for
the present In hopes that some of the se-
curitles, which very much depreciated
VIII, to some extent, recover their original
yalue.-H. II. S.
Answer-The New York, Westchester
& Boston first mortgage AIS are so
highly speculative that, in our opinion,
you had better sell them, as you know
the only security that the bonds have
that is o9 cid in paying the interest on
them is the guaranty of the New York,
New Haven & Hartford. The Mis-
slppi entral appears to be rea-
sonably good bond, although not.read-
lily marketable. The Union Steel first
and collateral trust 5s, due 1852, are
high grade, being guaranteed, principal
and interest, by the United States Steel
Corporation and secured by a mortgage
on the Donora and Sharon steel plants.
The 1nterborough Rapid Transit 5s are
speculative, it is true, but we would be
inclined to hold them rather than to
sell at present. 1t seems probable that
Governor Miller will find some way of
Strengthening out the New York City
traction situation. Armour & Co. real
estate first mortgage 41as are we'll Sc
cured bonds. The Buffalo General
Electrics are fairly good public utility
debenture bonds. The Connecticut Rail-
way and Lighting Company preferred
Is speculative, as is also the New York
State Railways cumulative preferred,
and we should suppose that as admin
istrator Of the estate you would desire
to have it invested in other than specu-
lative securities
New-York tribune., 1921-06-28

order is received from the brokers'
office this information is conveyed to
the broker on the floor by means of the
enunciator boards that are built in the
western wall, and the broker then i'm
mediately gets in touch with his tele-
phone clerk and learns the nature Of
the order.
In 1917, when the plan for having a
curb exchange first had it's inception,
1T was estimated that the bulk Of the
business on the Broad Street market
originated with Stock Exchange firms.
Mr.. Mccormick said yesterday that this
percentage was now between 40 and go
per cent.
The new curb building, which with
the land cost about $2,500,0oo, is six
stories in height, is of simple classical
design, with an exterior of gray brick
limestone, and copper cornices. The
firm of Starrett & Van Week designed
the building, which was constructed by
the Thomp -Starrett Company and
financed by the New York Tile and
Mortgage Company. The main entrance
is on Trinity Place, where there is a
small grass plot on which at later
date an office building will be erected.
New-York tribune., 1921-06-28
Days NeaO Issues

The $4o,ooo,o0o issue of ten to twenty
year Federal Land Bank 5 per cent
bonds offered for sale in April by a
New. York and Baltimore syndicate
has been soid, 1t was announced yes
te1day.
The legislature of the State of Mich
igan is to be convened in a special ses-
sion to change the authorization of the
s3o,ooo,ooe of bonus 6onds on which
bids were recently rejected SO that
principal and interest will be payable
in New York. When this change is
made the bonds are TO be readvertised
for sale.
New-York tribune., 1921-06-28
Canada's Trade Declines
imports Increase, but Exports
for Year SIumn

OTTAWA, June 27.- -Canada's i'm
ports totaied $1,162.1 2.1so.se2 IN the
twelve months ended May, 1921, an in
crease of more than s11 500 900 over
the corresponding period ended May.
1920. Total exports were Sl.1s ara
464, decrease of more than $50 900 .(lflf,
Imports from the United States 10.
tailed Ssl2,53l,s21 and exports s525.
164,405. Imports from the TTnisea
Kingdom were valued at SI92 452. .7e3
as against exports of S3I6,i04,O5l.
New-York tribune., 1921-06-28
Harris, Forbes & Company
Pine Street, Corner William, New York

first IS at TO- am single man, sixty
I'VE years old, and depend on my income
for living, and would not like to lose
any of my principal. What do you think 2
Which one is safe for me to buy as TO
prfncipal?-F. w. c.
Answer-Either the Northern States
Power 5s or the Bush Terminal Build
ing 5s are, in our opinion, safe and
meet your requirements admirably.
New-York tribune., 1921-06-28
Will Reinyest s. .a0N

Question-Two thousand dollars is about
to be paid in which must be reinvested at
highest interest consistent with safety
What do you think of Brazil bonds 20.
w. r.
Answer-We think that the new Bra
lillian s per cent bonds are q good busi-
ness mans investment. The reason the
yield is so high is because Brazil's
credit record has not been free from de-
fault We would not class it with the
Government Of Switzerland SIS, for in
stance.
New-York tribune., 1921-06-28
Comes Back for More Advice

Question--Last summer I bought five
bonds-two New York. Docks one Ameri-
can Telephone and Telegraph 5. one Good
rich and q Victory Az. Your advice
was good, as they have increased In value.
would like your opinion on following
named bonds:' American Writing Paper Is
at a. Northern States Power 5s at IA.
Bush Terminal Building SIS at rs, Standard
Gas and Electric 6s at rs, Appalachian
New-York tribune., 1921-06-28
Investment
Information

Questions Of general interest TO IN
eestors will be answered in this col
ann, im aohich case omiv initials will
be used. Others wilt be dnsWered by
mail. Address all inquiries, iaclos-
ing q stamped, addressed enuelope, to
Financial Editor, The Tribune, 15I
Nassau Street, Nesp York City.
New-York tribune., 1921-06-28
An Old Fashioned Trust Company

PTNHE modern trust company has been compared to
the department storc-ike the department store If
is well adapted to care for many aspects of modern
business
But specialists in many lines of business still attract
customers old new and the of the New
York Life Insurance and Trust Company believes that
many people pcefer to do business with trust COM
pany which specalzes in old fashioned business
The New York Life Insurance and Trust Company has
specialized for than ninety in the adinistra-
ton of Personal Trusts. Along with this business te
Company has developed banking facilities which
recently been uodernized afford every con-
venence and interest allowed deposits subject to
cheek well as time deposits.
The policy OF the management is TO continue to spe-
calze in Personal Trusts and to conduct its banking
business along tine tested lines that will keep
deposary for the funds of individuals corporations.
New-York tribune., 1921-06-28
Four JuL columns of iss-
Uessnaent questions and an-
sscers are published in The
Tribune erery Sunday.
london Metal MarEes

LONDON. June Standard cop
per, spot f70 15s; futures, Ell; elec-
trolytic, spot. STA; futures, GT6; tin
spot, sl66 lbs; futures, s169; lead
spot, s23 2s Cd; futures, s23; zinc,
spot, s27 los; futures, 227 15s.
New-York tribune., 1921-06-28
Days Dealings in Bonds

City of Paris es, 1921. ss14
do Lyons 15-yr SIS, 1894. Tsh
do Marseilies 15yr 6s, 1894. TS
do Bordeaux 15-yr 6s, 1884 :. 7s
do Copenhagen 25-yr 5hs. IA TAN
Gvt of Switzerland IS. 1910. 104
japanese Gvt 4hs, str In, 1925 s4s
do 12s. 2d series, 1925. .. 845a
do As, sterling loan, 1931.. 69ss
Japanese Toxic City 5s, 1852 :. 571a
CT Br & Ir 5 yr 51as, 1921. -. 99&
40 8 yr 2i2s, l922 2........... 97Ss
DO 10 yr 5 rs, 1929.......... SO
DO 20 yr rs, 1937.......... 8Sss
Mexico Ext str 5s of go, 1s45. 45is
do gold IS of 'o4, 1854. "a
e Of Italy 5 yr 6 rs gold bonds 85A
Sao Pau4c Ss, ct........... 95
New-York tribune., 1921-06-28

The Tribune prints each dcy the ma
ttsrity dates of all active bonds quoted
on the Neso Yorh; Stock Erchange. The
return on a bond to the anpestor depends
mpoa three factors: the rats Of interest
the security bears, the market price
New-York tribune., 1921-06-28
What High Interest Rates
Mean to You


At 49, senannuay $1,000 175z
conditions
% in wears
Besides
substantial profit principal
of lower
will purchase $1,000 2oyear 79 bond which if sold
OF when yield
besides the of S375 total growth years
If the $ Of
will be larger.
Very rarely perhaps lifetime extremely
to levels
If these bnornaly high only rarely and temporary
be investe fol long
No form of investment safely and conveniently provides this
employment high
selected bonds They do declining
of interest and being quickly ab
maturity ma be readily
safety high opportunity increase in value without
additional converby the purchase
good bonds We
which with
t. yield from6 to so. -
Ask for lBondC Gil
New-York tribune., 1921-06-28
Missouri Pacific General As

Question--Wil you please advise what
your opinion is of Missouri Pacific general
is now around 54?-J. j. D.
Answer-Missouri Pacific general As
are secured by mortgage junior to
the first and refunding 5s, of which
there are $50,523 900 outstanding, and
junior to the mortgages prior to that
securing the first and refunding 5s,
aggregating 1888, 800 In other
words, they are a mortgage bond, but
so far from the rails as to be in the
nature of debentures. The Missouri
Pacific is a weak road. If you are CON
sidering the purchase of a bond on
which continuance of interest and
safety of principal are first con-
sideration we would not recommend
the Missouri Pacific general As.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-31
Special pispateh to The Tribune

BOYERTOWN, Pa, July 80.--A real
duchess, who came to this town with
out any fuss or servants, who let's
people cal her Marie and who is
human and plain enough in her ways
even 80 help with the supper dishes on
occasion, has given Boyertown con-
siderable thrill. She is the Duchess of
0porto and Princess of Braganza. And
it was over the kitchen sink that she
told the story of how she happened to
be here for q while.
The Duchess rode in a chair car to
pottstown and then came here by
trolley. Passing by finer hostelries,
she stopped at the inconspicuous
Union House.
The other night she wandered out
into the kitchen and ran into short
age of help. Miss Mabel M. Croll,
daughter Of the proprietor, was doing
the dishes, and the Duchess immedi-
atcly seized towel and helped wipe
them. Over the dishes she told her
story.
To Miss Croll she unfolded the past
admitted that she had been married
four times, and told of the wondrous
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-31
Bank Declines
IS Million Aid
InFrenziedRul1l
Boston Five Cents Savings
institution Keeps Extra
Hours to Pay Throngs
of Excited Depositors
Crowds Clash With Police
Rush Blamed ON Radical
Plot; Offers Made to Buy
Accounts al Discount
specsa, Dispatch to The Tribune


BOSTON, July S0.-Financial as
sistance amounting to $5,o0o,0o0 was
refused to-day by the Boston Five
Cent Savings Bank, while a second
run was in progress and q large detach-
ment of police was having difficulty
restraining thousands Of panic
stricken depositors.
Statements issued by officials of the
Five Cent Savings Bank, by officials
of other banks, and by Bank Commits
sioner Joseph C. Allen, testified to the
strength of the Five Cent Bank, but
these statements failed to 'reassure
the depositors who stormed the bank
to withdrawals Police officials were
working throughout the day to trace
rumors. declared to have been circu-
lated by radicals, which we're respon-
sible for the big run.
Policeman Trampled by Crowd
Women became hysterical as the dis
orderly crowd struggled before the
bank doors, policeman WAS swept Oft
his feet by the rush, and another was
punched on the nose by an excited
woman depositor.
Early to-day other banks in Boston
offered support to the savings bank
volunteering to supply large sums to
assist in paying depositors. Officials of
the bank on which there has been a
run for two days, refused the offer,
declaring the bank was we'll able to
pay all depositors as fast es bank
books were presented Furthermore
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-31
American Duchess Comes Back
To Get Coffin for 18th Husband
Widowed Princess of Braganza, Ex-Wife of Philip
Van Valkenburg, Living Democratically at
Boyertown, Pa, Near Bronze Works

love she bore her last husband, the
Duke of Oporto, who died in London
more than year ago. The Duke was
the brother of the assassinated King
Carlos of Portugal and the uncle of the
exilod ex-King Manuel.
With the Duke she had been supreme
ly happy, the Duchess told Miss Croll,
although she was much younger than
he. She came to Boyertown from Italy
because the great bronze factories are
here. She wanted to superintend the
construction of bronze coffin for the
husband who had really won her heart.
This sad woman, who already has
endeared herself to Boyertown, was
American born. She was Miss Nevada
Hayes, born in Ohio in 1885. Her first
husband was Lee Agnew, Of Chicago,
whom she divorced in 1906. A few days
later she became "the $10,0O0,000
BRIDE of William Hays Chapman, sew
enty-six years old, wealthy New York
retired business man. He died ten
months later, leaving her fortune
Philip Van valkenburg New York
lawyer, married the duchess in 1911
and they lived at the st. Regis, on
Fifth Avenue, until 1914, when differ.
ences resulted in divorce. She was
married to the duke in Rome IN Sep
TENDER, 1917.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-31

sound. Twoscore patrolmen and three
mounted policemen were detailed to
duty at the bank, and when it was seen
that this force was unable to cope with
the excited depositors officers were hur-
ried to the bank from other stations.
Thomas C. Evans, Deputy Police Su-
perintendent, acting for Superintendent
Michael Crowlez, said, "Some malicious
secret force is at work spreading propa-
ganda among the foreign element, get
ting them to withdraw their savings
and cause a run on the Boston bank"
Police officers discovered several men
in the crowd of dcpositotrs, Offering to
buy bankbooks far below the amounts
shown on deposit. These spectators
were elected from the street.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-31
Drug Users in
High Finance
Circle w armed
----s.---------s-s-------------
{Contlnucd from raga ona)

tinued to purchase drugs, he would
have them arrested,
One death as a result of sudden
deprivation of drugs was reported and
many addicts succumbed and had to
have heroic medical treatment to save
their lives. Because Of this phase of
the Wholesale arrests, DR.. John p.
Gavin, of lit West Seventy sixth
Street, bitterly scored the methods of
DR.. Simon and the Health Department
as inhumane and declared that other
physicians we're with him in his atti-
tude.
He said that such methods could
only result in tragedy and great suf-
fering and asserted that the depart
ment of administration in charge of
suppressing drug addiction was manned
by incompetents. He said:
"Dr. Simon knows nothing about
drug addiction or the treatment of it,"
DR. Gavin held that no such raids
should be conducted without careful
preparation for the proper treatment
of the unfortunates, by skilled men Of
technical knowledge.
Dr. Simon, on the other hand, justi-
fed his wholesale raids by showing
records Of addicts, large percentage
of whom are known criminals who have
served sentences in penitentiaries for
burglary, grand larceny and, in one
instance, two sentences for homicide.
The fatality resulting from the anti
drug crusade was that of Otto Thomp-
son, twenty-onc years old, of 8 Bow
cry who dropped dead in his cell at the
Clinton Street station. Dr.. Hoffman, of
Gouverneur Hospital, said that the ex-
cessivc heat and deprivation Of drugs
he'd resulted in the death.
Three alleged addcts -John Holley,
John Berthwich and William Robert
son-collapsed while being photo
graphed at Headquarters before being
sent to Blackwell's Island. Restora-
tives were administered by DIR. Nc
Kenna, of st. Vincent's Hospital.
Grace Jones, cabaret performer,
who said she had no home, had hys-
terical commissions. She battered her
head against the bars in the detention
room of Jefferson Market court. Her
condition was said to be manifesta-
ton of cocaine delirfum
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-31

the savings bank officials said they
would not be compelled to invoke the
ninety-day clause for Withdrawals
In order to make it possible for more
depositors to draw their savings the
bank kept open until 2 o'clock to-day
Two hours later than the usual Satur-
day closing time.
When the doors of the bank were
opened two long lines of depositors, ex-
tending for many blocks, were impa-
tiently waiting to present their bank
books.
Guards Placed at Bank
The majority of those, in line were
residents of the foreign quarter and
they refused to believe the assurances
of prominent Italians that the bank was
The New York herald., 1921-03-27

sent out as sham while Pothier was
being started for Washington State.
Rosenbluth. who Is charged In a Fed
eral warrant with completely IN the
murder OF Major cronkhite. was unsuc-
cessful yesterday in an attempt TO obtain
release on bail. He was taken TO the
Federal building and his attorney. Jonah
J. Goidstein. ana AIr. Joyce held con-
ference. Afterward the attorneys ap-
peared before Commissioner Hitchcock
and agreed 10 q postponement OF the
arraignment. RI Is now scheduled for
noon 90 Tresday
Mr. Joyce said that he would be un-
sble 10 rcccrs1sral ESsen5luth's release
In bal. until after nc hed conferred with
Attorney -Genera. Daugnerty ana che
United States Attorney IN Seattle. He
said that lie expected 10 hear from both
by Tomorrow night and that by Tuesday
he uEScubtedly would be ready 10 pro-
ceed with the case.
Itosanbluth completed the day with a
visit to Mr.. Joyce's office, where he was
questioned. Both Mr.. Joyce and Special
Agent Harris Joined in tils questioning.
Afterward the prisoner was returned to
che Tombs.
A denial was made by Rosenbluth
taat theory 10 ba advanced in his be-
half vas that he attempted to shield
Pntaier. then L sergeant, who has con-
Tossed 70 the accidental shooting. He
said he would not know Pothier if he
saw him.
The New York herald., 1921-03-27
DICKINSON. REACHING u,
GETS S257, 1874 LEGACY
Fund of $4,000, 900 Still Earns
Income for Youth.

The Farmers Loan and Trust Company
applied yesterday 20 the Surrogates'
Court for judicial settlement OF its
accounts as trustee or a 5000. 600 fund
left for Hunt r. Dickinson, q, OF ID
West Fifty-fifth street. under the WIFI
OF hts greatunc.e, Wesley Hunt Tilford
who was a Standard OIL director.
The will provided that the inconie
from the fund was to be paid TO the
young man as In the opinion of the trus-
tee his wants required until he attained
hismajority. The accumulated income
then was TO be turned over to him and
no was to get the entire principal when
he reached thirty-fve years of age.
IHasmuch as Dickinson became q Mo-
venlber J. the company's petition states,
the court is asked to direct tho turning
over TO him OF the accumulated In
come, which amounts to s257, 1854.
The s4,0co0Oo trust fund. the account
discloses, consists OF cash and high class
securities in various railroads and in
dustrials, principally Standard Oil and
subsidiary stocks. Dickinson Is unmar-
ried.