davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-11-12
Americas Present Armament

It is important to bring out the
truth concerning our actual arma-
ment as it exists to-day and as pro-
vided for in the recent appropria-
tions by Congress.
The world has been widely mis-
Informed as to our armament, pres
ent and prospective. The Wilson
Administration sought to influence
voters by asserting that we must
join the League Of Nations or spend
billions in armament. Accordingly,
Mr.. Baker asked for an army of
100000 men, and Mr.. Daniels SUBJ
mitted a bill for $700,000,0O0 for
the greatest navy in the world"
1t is not surprising that many
deemed our attitude to be aggressive.
And it is only fair to say that the
leaders Of the present Administra.
ton also assumed belligerent pose
in the beginning, when the naval bill
was discussed by the naval commit
tees last March. The 1916 program
was again indorsed, despite strong
evidence that submarines and air
forces had seriously menaced the
supremacy Of $45,O00,000 dread
noughts.
But the public began to protest
and the Republican House cut the
bill from 100000 to $4OO,00O,-
900. The Senate attempted to add
S100,000,000, but the House held
firm. Only seo,ooO,000 was made
available for new construction, and
the navy personnel was cut from
10000 to 100000 men.
1t is not generally known-cer-
tainly not by the world at large
that for lack of funds voted by
Congress work has now completely
stopped on six dreadnoughts-the
South Dakota, Indiana, Montana,
North Carolina, Iowa and Massa
chusetts-and on three battle cruis-
ers, the Ranger, Constitution and
United States. Moreover, work is
proceeding at only so per cent speed
on the remaining three battleships
and on the remaining three battle
cruisers.
From this it will be seen that the
1915 building program is already cut
in half. 1t is more than probable that
as a result of the Washington con.
ference and from a consideration
of the recent bombing tests not an
other rivet may be driven to com
plete the 1916 battleships and battle
cruisers upon which work has beer
stopped.
Furthermore, the army has beer
reduced from 100000 to about 1873,
600 during the last six months. Il
Is now barely sufficient to garrison
our foreign possessions and provide
a small nucleus for a field force.
To return to the navy. It's help
Iessness for aggressive overseas wa,
must be noted. The battle fleet is
divided. The fighting ships, destroy
ers and submarines are only par
TALLY manned. We have no cruising
New-York tribune., 1921-11-12

From a recent and close examina-
ton of actual conditions in the army
and navy it is revealed that the United
States is virtually disarmed to-day.
AT the conference we will not follow
other nations in limiting armament. We
will lead! In fact, we are already in the
lead!
From reliable sources it is announced
that the much discussed 1916 navy
building program, which would have
eventually provided seventeen capital
ships in addition to the sixteen dread
noughts now in our battle line on the
sea, has been suspended in great meas
ure for lack of funds. Work has been
virtually stopped on six battleships--
the South Dakota, Indiana, Montana,
North Carolina, Iowa and Massachu-
setts-and three battle cruisers-the
Ranger, Constitution and United States.
Ia the Vernacular of the Bureau of
Construction, nine of the most power
full ships in the building list are dead"
for at least year! Officers are pre-
dieting that these ships will never be
completed - certainly not as originally
designed
New-York tribune., 1921-11-12
A Definite Step
(Fror, Tho Wushinoton sta

fFrons Tho Washington Stdr)
Eminent men do not hesitate to re-
fer to the present state of civilization
as so complex as to appear almost
battling. Civilization has at least made
the step forward from the complexities
of the battlefield to the deliberations
Of the council room.
New-York tribune., 1921-11-12
Nineteen B1ttIeships

It Will be remembered that only two
battleships of the 1915 program have
been completed thus far-the California
and the Maryland. And it is also re-
vealed that the work on the battleships
Colorado, Washington and West Vir-
gina, as we'll as on three battle cruis-
ers--the Lexington, the Constellation
and the Saratoga-now less than 30
per cent complete, is proceeding at
only SO per cent speed. Only one of
these six vessels, the battleship Colo
RADIO, could possibly be made ready for
duty with the feet in less than two
or three years. In other words,
within the next three years the navy
program born five years ago, and which
has so alarmed the world, will have
added only three big ships to our bat
tie fleet--the California. the Colorado
and the Maryland-giving us nineteen
battleships ready for action in 1920,
instead Of thirty-three capital ships,
which the world expected us to have at
that time or shortly thereafter. It
might be claimed, to be sure, that two
more battleships-the Washington and
WestVirginia-and three battle cruisers
might be added by special effort in an
emergency, but it must be remembered
that a ship when completed is not
ready for battle. 1t requires at least
six months or year to train her crew
to meet the enemy.
It is true that work is progressing
at about 60 per cent speed on ten
scout cruisers. But these are not CAPT
tai ships, and our navy will not have
one modern cruiser at sea until these
ships are finished! We are greatly in
| ferior to other navies in this respect
Nary Not Aggressive
| But this is not the complete story
of our present naval armament. We
have not one submarine, built or build
ing, that can accompany the fleet. Gu,
submarines are limited to coast de-
fense. Furthermore, we have no air
plane carriers and we cannot possibly
build one in less than four yearsl The
makeshift carrier now nearing com
pletion has q speed of only fourteen
knots and cannot go with the feet
1t can be used only for training pur.
poses.
Moreover, the data at the Navy De.
partment prove that the personne
New-York tribune., 1921-11-12
The Tower
The Unk now N


Here, under sacred ground,
The Unknown lies:
Dumb be the earth around
And dumb the skies
Before His laurelcd Fame,---
Yea, let sublime
Silence conduct His Name
Unspellcd, till Time,
Bowed with eternity,
Goes back to God,
Abandoning earth to be
At Lies last cxcquy
Mans final clod
Here, under sacred ground,
The Unknown lies:
Dim armies gather round
His sacrifice;
Kings, Princes, Presidents
Attest His worth:
The Generals bow before
His starry earth;
In the Worlds heart inscribed
His love, his fame
He leads the Captains with
His Unknown Name!
HARRY KEMP.
New-York tribune., 1921-11-12
A Terrible Threat
fFrom the Boston Transcript

fFrom tH6 BOSTON TrdnScrIptJ
1t seems to be fair inference that
unless we declare war against France,
England and Italy, at the same time
discharging all our generals and in
sulting all our soldiers, Senator Wat
son, of Georgia, will secede from the
Union.
New-York tribune., 1921-11-12
MDMnrR o,r rur Assoc1Arrp rRrss

Tie. Associated Press Is exclusively entitled 10
ne use for republication OF all news dispatches
credited 20 It or not otherwise credited in this
paper and also tho local ncws OF spontaneous
origin published herein.
All rights OF republication of al other matter
herein also reserved,
New-York tribune., 1921-11-12

into q haif-hearted advocacy OF air
plane carriers, submarines and modern
weapons while still insisting that the
terribly menaced s4,OO0,0oO battIeship
remains as the backbone" of the feet.
The press and the people at large
have been so convinced of the awful
weakness of the capital ship that they
have, as rule, sustained the officers
who pleaded for modern navy and
whose predictions were completely JUS
tifed by the bombing tests
The result is logical. For lack Of
funds the Bureau of Construction has
been forced to curtail work on the
1916 program, and owing to the failure
of Congress to provide either subna-
rines or air forces the condition OF
unreadiness revealed above has been
forced upon us--our navy is sentenced
to remain at home. For lack of mod
ern weapons it cannot safely cross the
sea in war The world has been need
lessly alarmed. The estimated paper
strength Of our navy in 1927 is not the
strength Of our navy to-day. Nor is
it probable that this fictitious strength
will ever become q reality.
New-York tribune., 1921-11-12

You can purchase merchandise advertised in THE
TRIBUNE with absolute satety--tor dtssat'sfac-
tisn results In any case vHE vRiBUNE auaran-
tees to pay your money back upon request. No red
tape No euhh,ing. We make good PROMPTLY II
New-York tribune., 1921-11-12
A Mutual Puzzle
fFro,n The Bors.mors Sun,

(Fyotn The Baltimore Sun}
And yet it may be that the rest Of
the world puzzles China as China pu,.
zles the rest Of the world.
New-York tribune., 1921-11-12
The Metrical RiaIto

f. r. A. in "The Easiest Way"
Haywood Broun in "Tho Blue Lagoon"
Fontaine Fox in "The Music Box
Louis De Foe in "Let's Go"
Johnny Weavah in "Adam and Eva"
Clare Briggs and Louis Hatch in "Mrs.
Wiggs," etc.
Neysa M. McMein in "Such a Little
Queen"
Grantland Rice in "Take My Advice"
Rankin Towse in "Heartbreak House"
Not to mention
Louis Mann in "Peter Pan"
The Barrymores in varying Shores"
Doris Keene in Seventeen"
Janet Beecher in 'The Little Teacher"
Nora Bayes in "Palmy Days"
Valli-Valli in "Sally"
Margaret Mower in "The Crowded
Hour" ENOEL,
Vanderbilt Clings TO Posts" is a
good enough headline, but The
Tribune's story disappointed us. It
said that Mr.. W. K. Vanderbilt had
applied TO the Interstate Commerce
Commission for permission to hold his
directorships in twenty-five railroad
corporations.
Disarmament begins at home. Yes
terday the claws Of Nistah Vitus
Marsden, the most beautiful and pug
nacious cat in North America. were
fled
Alphabetical Precedence to Rule at
108-Ft Table.-Tribune headline.
One way Of seeing America first.
-"If Prof. Broun," telephones S. r.,
speaking for the Princeton alumni,
"wrote piece suggesting hut The in
tellect of the Yale team might prevail
over the physical puissance of the
Princeton eleven, would you, if you were
a copy reader, head it 'Broun Picks
Brain over Brawn'?" Yes, unless the
piece appeared in, for example, The
Princetonian, or the Nassau Lit. Then
we should
That paragraph was getting un-
wieldy and out of hand.
head it The Influence Of Mind Over
Alma Mater. F. P. A.
New-York tribune., 1921-11-12
HARRY KEMP.

What are the meditations of Mr..
Coningsby Dawson, who thought that
Mr.. John Dos Passos would have got
into trouble during the war for say
ing the things he says in "Three Sol
diers," when he reads Marshal -Toch's
"God helping, peace will reign through
out the world" and Balfour's "This is
the worlds desire"? During the war
would not these have been the utter
ings of defeatists and pacifsts?
II am glad" said Mr.. Henry Ford to
a Tower reporter last night, "that
Anatole France got the Nobel literature
prize. Although a traitor to the con-
tinental army, his statement that he
had but one life to give his country
was outweighed by his wonderful THE
Old Wives Tale"
New-York tribune., 1921-11-12
THE DIARY OF OUR OWN SAMUEL PEpYS

November 9-At my stint all day, and
with P. Hammond and Florence and
my wife to dinner, and so to see eve
Girls% but l deemed it uncomickall
and empty, and so home and to-bed.
10--Early up, and to J. Burgess the
dentists and he kept me only ten
minutes, and SO at my scrivening all
day, and home and wrote some letters,
and A. Sullivan and Alice come to din
ner, and L. Rehm, and we had Cam
chowder, and nought else, which me-
seemed scant meal to give to guests,
let alone to me, and I told my wife
so, but she laughed it off; and I felt
no rancour.
Ito the office, where till noon, and
j. Wise come to see me and so to
Childs for luncheon, and I ordered
| clam fritters, but there were no clans
to be seen or tasted, and I told the
waiting woman so, and she brought me
some scallops instead, very graciously,
too. To the office till late, and so home
and to-bed
"The heralds of Nathan's Shows
back in the $685." recalls that slip
pered pantaloon, G. T., "proclaimed the
street parade "a shimmering, gold-em-
blazoned, ornate mass of moving, gilt
tering Oriental splendor, great arenic
and animal entree'; and the ringmaster
announced Immediately after the
peform-unz there will occur a grand
concert to take place on an elevated
stage to be erected in the center of the
amp pi-theaytur. The agents will now
pass around the large tent disposing of
the tickets for the concert, Che price
of which has been placed at dime,
ten cents. Every man. woman and
child remaining to the concert will
have the privilege of seeing the wild
animals fed with RAW MEAT"
New-York tribune., 1921-11-12
The Army

stC III Hty
AS for the army, it is only necessary
to recall that it has been cut by Con-
fact it appears that for want OF re-
cruits the United States Army is to-
day reduced temporarily to $4,000
men. No first-class power in the world
equipped for war on land. The army,
as we'll as the navy, IS reduced TO the
lowest terms!
There have been indications for
some time past that the conservative
element at the Navy Department and
in Congress has been preparing for an
orderly retreat on the future battle
ship program.
Furthermore, the evident determine
ton Of President Harding that the
conference shall not meet in vain, and
the manifest appropriateness of tho
United States taking the lead instead OF
following in q conference called by our
President to limit armament and taxa
tlOn. Coulu not Iall 20 impress the con-
servative element with the wisdom OF
change Of attitude on their part. II
has been reported unofficialiy that
upon the advice of the Navy Depart
ment the delegates from the United
States may suggest decided cut in
the most expensive elements Of
naval armament. with the result of
greatly reducing taxation the world
over without in the least jeopardizing
the purely defensive forces of any
nation.
Is it true that our experts and lead
ers in Congress, realizing at last that
adding battleships in lieu of modern
weapons does not add strength to our
fleet, may encourage the President to
take the bull by the horns, put a stop
to battleship building and thus give 20
the United States the lead in reduc-
ing taxation for expensive armament
that does not arm? Will not the people
of the United States glory in our lead,
and will not foreign delegates to the
conference be forced by their people
to follow our example?
New-York tribune., 1921-11-12

head it The Influence Of Mind Over
Alma Mater. r. p. A.
New-York tribune., 1921-11-12
GUARANTY

Entered az the Postof,cc at New York as Second
Class Mail Matter.
New-York tribune., 1921-11-12
Alphabetical Precedence to Rule at
108-Ft. Table.-Tribune headline.
One way Of seeing America first.

That paragraph was getting un
wieldy and out of hand.
New-York tribune., 1921-11-12

Disarmament begins at home. Yes
terday the claws Of Mistah Vitus
Marsden, the most beautiful and pug
nacious cat in North America, were
filed.
The Washington herald., 1921-04-17
Market Still Drifting.

THE stock market has exhibited the same drifting
tendencies during the past week that have char
acteTized it for some time past The alternate
rallies and declines have been chiefly the work OF pro-
fessonals The total sales for the week ending Thurs
day amounted to 26o7Ioo shares compared to 20s74oo
the week before and 6,S66yooo shares year ago.
Average prices the whole declined for the week
Heavy selling OF steel shares carried independ-
ents as we'll steei common to low levels Tor
the month. 1t to be regarded that the cut IN
prices without any reduction in brings the cost
Of production the selling price to be sale.
Last year u S. Steel paid out in nearly $40 Tor
every ton OF steel produced and sold.
During part OF the week there heavy selling
Of railroad shares led by the Northern Pacific, which
reached a new low for the year.
international Paper during the week in spite
Of the statement by the president that he could see
nothing in the way OF dividend disbursements this
year. The annual report however showed that the
company earned $52 share last year and this IS
taken to that dsbur to shareholders can
not long be delayed
The news regarding the British labor strike was
the most unfavorable development OF the week and
was successfully used crowd prices to lower levels
The bond market showed periods OF activity our
ing the week, although the total transactions were
small Total sales for the week amounted to $4o'-
$4,000 compared to $s364 900 week ago and $So'-
sos 600 in the corresponding period last year The
decline this week was due largely the falling off in
Liberty bond sales which were over $ooooooo less
Prices remained steady throughout the week
The Washington herald., 1921-04-17
Company Reports.
Millions OF Dollars.

Independent Pneumatic Tool Co. of Chcago.-Net
earnings for year ended December 81, 1920, of ST.,
so84s7, as compared with $143o,376 in 1910 Profit
and loss surplus amounted to $I,553233 against
$I,o72,Io7 in the preceding year
Butte and Superior Mining Co.-Surplus for year
ended December 81, 1920 after charges and Federal
of $I8702o equivalent to e. cents share (par
$Io) earned the $2ooIo77 capital stock COM
pared with surplus of $S64ooo or $2oS share in the
previous year.
Keystone Tire and Rubber co.-Net loss for year
ended December 81 1920 after expenses, interest and
taxes, of $3I7,7o4 Profit and loss deficit Decem-
Der 81, 1920, was $384623
Pierce Oil Corporation. Consolidated statement of
Pierce Oil Corporation and subsidiary companies for
year ended December 81, 1920 shows surplus after
charges and of $3,42o8rS, equivalent after de-
duction of preferred dividends to $234 share (par
$25) earned the $2374783I common stock. This
compares with surplus of $27SI884 or $2.45 share
on the Sci ,o784so common in the previous year.
Associated Oil co-Report of Associated Oil Co.
and affiliated companies shows surplus for year
ending December 81, 1920 after charges and taxes,
OF $8So77I8 equivalent to $22I5 share earned on
the $3o755634 outstanding capital-stock This COM
pares with surplus Of $6o74342, $I527 share on
the $3o,756,o85 capital stock in the previous year.
Inspiration Consolidated Copper Co.-Surplus for
year ending December 3d. 1920 after charges and Fed
eral taxes of $22o4276 equivalent to ST 90 share ($eo
par) earned the $2363o.34o outstanding capital
share in the previous year. After payment of diV-
dends there deficit of $ts426o0 against deficit
of $20osI73 in 1910.
Remington Typewriter Co.-SurplGs for year end
ed December 81, 1890 after charges, reduction in
ventories and Federal of $I,s784So, equivalent
after preferred dividends to $8I4 share earned
the $o,oo6ooo outstanding common stock. This COM
pares with surplus in 1919 Of $2.oIo,7oo which, after
deducting preferred dividends, including back divi-
dends SECOND preferred shares, left balance equal
to s. 50 a share on common stock.
Sloss-Sheffield Steel & Iron Co.-Suplus for year
The Washington herald., 1921-04-17
FINANCIAL AND TRADE SUMMARY
RAILROAD EQUIPMENT.

Aside from order for fifty locomotives recently
contracted for by the Atchson Topeka and Santa Fe
there has been little domestic activity in the equipment
industry. Manufacturers not looking for any material
increase in business until freight traffic conditions show
improvement Latest reports compiled by the Railway
Manufacturers Association show that during February
twenty five building companies delivered 6276 freight
cars for domestic service and 500 for export Fifty
senger were delivered during that month to class
roads As of February 2S last the building companies
had on their books orders for 2668s freight and
$50 passenger for home roads and 2225 freight and
a8 passenRar cars for export delivery
The Washington herald., 1921-04-17

ended December 81 1920 after charges and taxes OF
ST ISoaz7o equivalent after preferred DIVIDENDS to
$I424 share earned on the $Iooooooo common stock
as compared with surplus of $2oo4,826, or $I625
share in the preceding year
international Harvester Co-Surpus for year end
ed December 3I 1920 after taxes interest depreciation,
etc. of $I66s5353 equivalent after deduction OF pre-
ferred dividends to $3S4 share earned on the $oo-
100000 common stock, as compared with surplus of
$126o8726, or $Ios1 share the $Sooooooo common
stock in the previous year ~.
Tobacco Products Export corp.-Surplus, from
period of its organization April 1919 to December
g. 1920 after expenses depreciation and Federal taxes
of $222o67 equivalent to Al cents share earned on
the 49, 500 shares capital stock of no par value
international Paper Co,-Net income for year
ended December 81, 1920 after charges and taxes OF
836 362 equivalent after preferred dividends to
$52o7 a share earned on the $Io85o264 outstanding
common stock, compared with net income of $4,-
12I,4o4 $I324 a share on the $Io,So3,o2o common
stock previous year.
Phelps Dodge Corporation after costs,
expenses depreciation and depletion, for year ending
December 81, 1920. of $733IIa, compared with $3zr4
345 the previous year. 'n ." =
Laekawanna Steel co.-Profits for quarter ended
ended March 81, 1921, after interest," depreciation and
Federal taxes, of $873s against deficit of $44o72o for
March quarter, 1920 '
Both Fisheries Co.-Loss for year ending December
81, 1920, after charges and depreciation of $7o3562
This compares with surplus of $43r834, equivalent af-
preferred dividends "a cents share earned on the
100000 shares of no par value in the previous year
Superior Oil Corporaton-Net profit, for year
ended December 3 1920 after depreciation, depletion,
and Federal taxes of $I,I4337o equivalent to I.Io
share earned onhe os4aoS shares Of capital stock Of
par value.
Vacuum Oil co.-Net profits for year ended De-
cember a. 1920. after charges and Federal taxes Of
$8.3S6783 equal to $5So1 share earned the SIS,
100000 capital stock compared with net profits Of
$8.II2,777 or $s4.o8 share in 1919 ..
cerro de Pasco Copper Corp.-Statement sub
mitted to New York Stock Exchange for year ended
December 81, 1920 shows surplus after depreciation,
depletion and Federal of $I,3a88s7 equivalent to
$I48 share earned the 8o823o shares of capital
stock of par value
Western Union Telegraph co,-Net income, for
quarter ended March 81 after charges and taxes
of $I7o85oo, against $356673o for period in 1890
The Washington herald., 1921-04-17
Mail Order and Chain Stores Sales

Though still substantially less than in 1920, sales
Of mail order houses in March made much better
display than in the first two months of the On
the other hand gross sales OF the chain store systems,
while higher than in 1920 showed less increase in
March than in February, though this difference was
negligible.
Sales of leading chain store systems and mail
The Washington herald., 1921-04-17
frances Exports Exceed Imports.

Statistics received from the French ministry OF
commerce Frances foreign trade in the hrst two
months of 1921 bring out the very encouraging tact
that for the first time since 1914, frances exports
exceed her imports. ..."
An analysis of the figures show that, while France
is continuing to import great quantities OF raw ma
tcrias her imports OF both foOdstufs and manufae-
tured goods have been greatly reduced and that she
has, at the time, greatly increased her exports
of both raw materials and manufactured articles, ..
The following table gives the imports and ex-
ports of France from January to February 49, 1921:
Imports lin Francs)
FoodStuHS I5o'o/<'ooC
Raw Materials i'|"4'490'oNo
Manufactured goods ............."...... oso'o2oooo
Total .3'Soo'S99"o"
Exports
FoodStuHs Soi'ojo'0"o
Manufactured goods 2'3oS'2lS'ooo
Parcel post 2oo'o/9'oNo
Total 'SIo<'oo<'oNp
Excess OF exports imports. IS5Io33ooo ns
In January, 1921 Frances trade hgures asnii
showed an excess of imports exports OF I5o55o
600 frs 1t was in February that the favorable turn
took place Exports totaled in this month Io5o444-
600 frs as against imports of L6I3S3Iooo frs leav-
ing favorable balance in February OF 34S2I3ooo rs