davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-10
Hylan Tanles Cub Bear
With Chicken Sandwich
Goes $3.50 ON His Luncheon
to Win Affections of Addi-
ton to BROOKLYN Zoo

Mayor Hylan was munching on a
chicken sandwich yesterday when a
black cub bear ambled unannounced
into his Office in the City Hall.
Hizzoner laid his sandwich on a pile
Of official documents awaiting his sigma
ture and assumed a defensive attitude
Soon it appeared that the cub was in
the custody of three men, who entered
and announced that having captured the
animal in the Adirondacks they knew
no one more worthy to receive it than
the Mayor The visitors were George
Schleich, Robert Vincent and James
Hadgraft, of Port Washington. L. I.
"lf you don't care to keep it, we
thought you might like to designate q
zoo for the cub" said Mr.. Schleich.
While Hizzoner was meditating young
bruin, attracted by the various historic
paintings, endeavored to scale the wall.
Hizzoner, who had resumed eating his
sandwich held it out to the animal as
an inducement to desist.
The cub, appreciative of Hylan's in
terest in bears as we'll as in the COM
mon people, ate the sandwich with
relish, but gave preference to the
chicken part Of it.
Let him be taken TO the zoo in Pros
pect Park" said the Mayor finally, not
Forgetting that he himself lives in
Brooklyn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-10

resulting in inetficiency and waste IN
administration.
NO one will dispute the claim that
there are Implications and detects IN
the city's charter. One deal thing to
DO would be to first give the same power
TO New York City that has been gwen
to second and third class cities by chap-
ter 40 Of the Laws of 1914. me glVing
Of this power was recommended by the
power 70 the local officials, the Board
Of Estimate and the Board OF Aldermen
to consolidate departments where ex-
Derience dictates it should be DONE
eliminating disadvantageous actlvltles
where experience indicates their TURNER
continuance is unwlse.
The Mayor defended the various city
departnents ard said if the city
authorities had power TO consolidate
various existing departments where
experience dictates it should be done,
as we'll as to abolish activities whose
continuance is deemed unwlse, greater
efficiency and economy would result.
The local authorities should be
given general power to do this, so
that they may act under it from time
to time in gradual and progressive
way, effecting economies and increas-
ing efficiency in the light of admins
trative experience" said the Mayor.
Control Over Employees
"lf the power to exercise complete
control over the employees, functions
and existence Of de partlr ents were def
iNtelv lodged in the responsible city
authorities, changes in departments
organization and personnel would be
made gradually and only alter careful
consideration where deemed necessary
in the interest of economy and efficient
government
"Considered in the light OF the cir
cumstances prevailing as an Aftermath
of the war and the limitations affecting
the transaction Of city business, the
several city departments have made eX-
cellert records in the administration
of their affairs.
department for department, New
York City will compare favoraby witt
the corresponding departments IN any
city in the country.
mo oft-repeated mouthings of paid
! libelers and assassins of the good
name of the City of New York can per
vert the facts to the contrary.
at will be strange. indeed, if by fine
combing the activities Of about $4,000
employees of the city some derelictior
OF duty cannot be discovered.
Human nature is no more perfect
in New York City than it is in Albany
or elsewhere. Year in and year out
routine, through the Office of the Com
missioner Of Accounts, has been In
vesti gating for the discovery of weak
nesses in the performance of the many
! city activities, and as they are discov.
cred they are immediately remedied >
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-10
Anti-F grsion
/ act Asked I,v
La a5uardia
(CoHtinued from pass one)

piled: Ns re-
Il shall be very glad to meet N.;
La Guardia and discuss the sitn r' .!o'
with him, but when it comes ~ s -
disposition of the places on the t;ol' .Ne
am running for Mayor and 49, -
else Major CurrAn IS al right -
am against the machine that stole -
primary FOUR years ago and who srS
sponsors for the city ticket row -; -
the field. My petitions are real N
sling. They are likely to be lied ~ ~
morrow. There will be a comnlete c' w.
ticket, and complete borough s1S
county ticket in Manhattan ana rHa
Bronx. The letters that ! am receiv; inv
indicate widespread desire on tSss
part of Republicans to clean out tSe
machine bosses. | expect to be tho
next Mayor of New York"
It was learned yesterday tina. Sena.
tor Bennett stands for the enforcen,rn+
CT all laws, dry law and all, so lons
a. they arc on the sta tute books vhilss
Judge Haskell and Major La Guard;s
are avowed vets and will make ths
abolition of the Nolstead law largA
feature Of the campaign. if thsv
carry out their present plans
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-10

.Notes tseu as Guide
Il don't want the No. 2, l want this
10. L."
We'll, the redemption of-thcre are
certain items there. II you want nae
70 read them | Will read them"
Before We look at any figures, |
rant 10 know what the purpose of it
Is. The sinking fund has a general
purpoge. Can you tell me. without
reference 10 the figures, what it is
for :"
yea, can"
"Will you. please?"
"WiIi you repeat the question:"
II Will reetate the question: What
Is the Sinking Fund for the redemp-
ton Of city debt No. II | think you
ought u be able 70 tell me what the
Sinking Fund Is; | am not asking you
what It's payments are"
''Is that prior 10 consolidation ?"
.sked the Mayor.
as ii prior to consolidation ask
you ?"
"Weu, which one, which one do you
want7"
II want 70 know abrat the Sinking
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-10
Harding Plunges Into
Work After Vacation
rro,r The rrib..ne's Washington B,,.,.

Fron. The Trib.ne's Washington Bureo,
WASHINGTON. Aug. o-The prssi.
dent returned to the White House 10.
day feeling fit after his ten davs' va.
cation in the White Mountains of Nsw
Hampshire. His greeting to the men.
bers of his Cabinet was charac5e rized
by heartiness and zest that was Isck.
ing before his vacation Mrs. Harding.
too, returned exceptionally benfted
by the vacation.
The Presidential Yacht NayAowe,
locked at $3.50 O'Clock this morning At
the navy yard, almost three hours
ahead Of It's schedule Commands
Holmes said that exceptionally good
time was made on the return trip rem
Portland. Ne. The sailing was smooth
and there were no heavy squalls.
There was no engagement list f.,
the President to-day, but he found his
desk piled high with imperfect r. ~.
ters which accumulated during his
absence. He plunged into the work Of
disposing of important papers until Ii
o'clock when the Cabinet met At /
o'clock he saw the correspondents and
in the afternoon engaged IN conference
with Senators and Representative re,
garding legislative problems,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-10
Hyfon Defends administration and
Assaits Legislature for. Tux Burden

The statement read by Mayor Hylan
at the opening of the public hearings
OF the joint Legislative committee be-
gan by asserting that he found it
necessary to make it because there has
been so much unintelligent comment
on the citys affairs. 1t ended with
the ADMISSION that wrongdoing might
be found among some of tho $4,000
employees of the city, but maintained
that the city's record could be com
pared favorabIy, department for de-
partment, with any other city in the
country.
And no oft-repeatcd mouthngs of
paid llbelcrs and assasslns of the
good name of the City Of New York
can pervert the facts to the contrary"
added the Mayor.
AZ the outset the Mayor said:
'Ihe Legislative resolution that fur
nlshes the scope Of your committees
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-10

powers contains most reckless asser-
tlons. say reckless, because by the
very recitals Of the resolution the
legislature admits its action is not
founded upon facts, but upon ire
SSponslble, unfounded, to use its own
language, common report If the Leg
stature did not have facts to set out
IN ITS recitals, and yet nevertheless de-
sired to set an Investigation afoot.
common decencv required that when il
AUTHORIZED the desired investigation
1t refrain from publishing mis- eading
ana vicious statements regard ng the
chief city of The American continent.
Calls Charges Groundless
THE six recitais. wheroases or bases
OF your Legislative committees reso-
luton relate to four assertions. All
are founded upon what is called in the
resolution common report. They are.
tirat-That the city's general nnan-
cial status is "m n pcrilous position
and that "thc revenue of the city is
insufficient to meet the requirements Q.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-10
More Questions To-day

Dlu they get the S32,oO0,UO0 unen-
numbered with any charger"
The Mayor looked at him blanklv.
Senator Brown repeated the question.
II don't know what you mean" the
Mayor finally confessed
well, they got the money, and then
it was paid into the city treasury,
wasn't it?"
Dyes.
"Now. l ask you if the city got the
money free and clear or whether 1t was
subject to any charge that reduced it,
We'll, | don't get just what you mean
by subject to any charge
well, if / pay you SO subject to a
mortgage for 50, that you have got to
go and Immediately pay, you don't pet
but SO, do you?'
No, you only get So, of course"
That would seem to be quite a clear
proposition?"
yes"
N ow, IN this case there was a
transfer of $32, 500, 900, and ask you if
there was any charge or mortgage or
lien on it by which the amount that
the city treasury received was re-
duced?'
We'll, they gave them general fund
bonds"
What do you say?"
The sinking fund received general
! fund bonds"
We'll, was there any other charge {?
isn't 1T a matter Of fact yoa can't give
any other charge. can your"
Not at this time. can't remember
any"
"Well, can you at any other time ?"
IL don't know"
You might? ?" II don't know just
what you are driving at"
Explanation Proves Difficult
"Sow, I will tell you. AS a matter
Of fact, that $32 600 900 has TO be re-
| duced, II read the Comptrollcrs fig
urea right, to the extent Of 50 300 900,
which goes as interest on the general
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-10
s. Do you understand that

fund bonds. Do you understand that
to be 500"
ono l don't. think the Comptrol-
Ter should explain that"
"Well, hope So
u am not familiar with that"
but you can explain"
81 can't
AT one time the Mayor explained that
other administrations did what his was
being accused of in the issuance of
general fund bonds, which brought
from Senator Brown:
Did you think | was here to inquire
only about your administration If so,
you are mistaken. | am here to help
the City of New York, no matter when
the conditions originated. may fail
in that, but there are many of these
things that reach back into the past
But they are conditions and you hap
pen to be the chief executive and ad-
ministrative officer Of the city at this
~
New-York tribune., 1921-04-08
Prices Lower
On rressllre:
Market Dull
Professionals Sell OH Col
lapse of Mediation Plans
i'll England; Call
Money at 612 Per Cent

Speculative activity on the Stock Ex-
change, small all through the week.
contracted further yesterday, and in
dull session prices tended to move
lower. The attention of professional
spectators, who made the market, was
fixed on British labor developments.
Collapse of efforts for mediation and
indications that the triple alliance
would function were disturbing to
financial sentiment. The readiness of
the transport and railway workers to
support the strategy of the miners led
-some to fear revolutionary changes,
but there was nothing in the action of
the financial markets to indicate wide
spread worry. Rather the majority be-
ieved that compromise would be,
reached and the controversy adjusted.
The unfavorable turn, nevertheless,
was an unsettling factor. Demand ster-
ling closed at $391, compared with
S3.92as on the previous day. Belgian
and French francs and marks likewise
moved lower in sympathy but lire, for
special reasons, moved upward. Ameri-
cans are buying silk in Italy, and this
trade activity has created demand
for lire bills. There is evidence, too,
of internal progress in Italy toward re-
adjustment to stable peace conditions.
In the cotton market the British in
dustrial situation was depressing
factor early in the day, but a reco*ery
toward the close effaced most of the
losses. In the grain market the gov
ernment report on the condition Of
winter wheat eclipsed political develop
ments in influence. The report showed
a condition of 81 per cent, with an in
dicated yield of 621,000,0 bushels.
The estimate year ago was 4S4 900 900
bushels, and the final crop 578,00O,0 900.
Traders interpreted this report favor
ably, from the standpoint of prices,
and in quiet market quotations closed
"a cent to l cent higher.
All of the markets were so narrow
that the days fluctuations were none
too significant. In the money market
call loans were available at renewal
time at 5 Il per cent but instead of de-
clining further late, as on the previous
day, rates climbed up to 61a per cent?
on the floor. In the unofficial, outside
market rates varied between and 612
per cent.
The rebound in rates on speculative
credit served to remind observers how
erratic market the cali loan mart is.
When rates. are high. funds are at
tracted from out-of town banks. But
when rates tumble interior banks i'm
ediately withdraw their contributions
nd instead lend their money at home.
New-York tribune., 1921-04-08
In w all Street
Money Tfghtens

A squirt to 6h per cent at the Stock
Exchange yesterday in the rate on call
loans, after renewals had been ar
ranged on O. 5A per cent basis, the
same as the preceding day, jolted the
financial experts who have been talk
ing about permanently cheaper money
Incidentally some harsh things were
raid about the banks and what some
observers described as juggling of
money rates. Money brokers. how
ever. considered the sudden change u
perfectly normal development. 1t was
explained that the temporary plethora
of money at this center had so forced
rates down that banks in the interior
lending on call here mad begun to
withdraw funds because they could en-
ploy their spare funds more profitably
elsewhere. The significant thing to
consider, it was pointed out, in CON
nection with current money market
conditions is that the long pull trend
is apparently toward lower interest
rates, and each successive period Of
easier money lasts longer. According
to d prominent lender Of money, when
TIE total rediscounts of the Federal
Reserve system get down to 81 900 coo, :
600 permanently easier money can be
looked for. The last statement of the
system showed total rediscounts Of
81 .33I 0H6. .0l0
New-York tribune., 1921-04-08
Canadian Government Finance

Canadian government obligations
falling due this year are estimated at
Sl15,000,000 by the Canadian Bank of
Commerce, which points out in this
connection that unless recourse IS had
to new forms of taxation, additional
Dominion borrowing must be under
taken. This figure includes the $685.
100000 Canadian loan maturity of
April l, which was paid off in cash.
Then there is a 15,000,0 600 Dominion
loan in New York on August /, which
may be refunded if market conditions
are favorable. Besides this the govern
ment has Treasury bill issues in Cam
ada of s25 900, 600 and $50,000000 due
October l and IS, respectively. The
estimates for 1922, recently tabled
in the Canadian House of Commons.
indicate that revenue for current ex-
perfses of s546, 100000 will be required,
and that provision will also have TO be
made for $27,000,000 chargeable to
capital account. Provincial and munich
pal government estimates for the year
now being published, indicate that new
demands will have to be made on tax
payers In Manitoba the revenues of
commercial corporations are to be
taxed and the property rate generally
increased.
New-York tribune., 1921-04-08
The Dollar in Foreign Exchange

Foreign exchange rates held up re-
markably we'll yesterday in the local
market, considering the adverse re-
ports received from London on the
British industrial situation. Sterling
was in good demand at the opening OF
the market and for an hour or more
afterward, advancing to S3.92%, as
compared with closing price Wednes
day of $3922s, but later in the day
large. offerings of bills came into the
market and the quotation dropped to
1891 at the close.
Fluctuations Of quotations on lire
formed one Of the features. Early
prices ranged from 4.40 to 4.46 cents,
the highest since September 7, but
later there was reaction to 4.37 cents,
and the final quotation was 4.381a cents.
Heavy offerings ofbills on Argentina
depressed the value of the peso to a
new low record for the year at 32M
cents paper peso. Other South Amer
lean currencies were in supply and
sagged to lower quotations, continuing
a movement that has been noticeable
for several days. Rates on Chile
dropped nearly cent to the lowest
in months.
Rates on Shanghai and Hongkong
we're higher however, probably reflect
ing increased purchases of raw silk in
the Canton market. Shanghai rates ad-
vanced a cent to 65.
New-York tribune., 1921-04-08
twenty-five Yards to Go"

An important client of brokerage
house called up the customers man
yesterday to ask about the market, and
when told that United States Steel
common was holding firm in the face
Of reports Of impending wage and
price cuts, offered the opinion that
Judge Gary was doing the wrong thing
by not announcing a cut in prices
immediately" When he asked for a
quotation on Steel the customers man
said he had to go back twenty-five
yards over the tape before he found
sale recorded. He offered the ex
planation that the dullness in the
stock might signify that investors
were sitting tight on their holdings
and were not perturbed by current
conditions. This seemed to anger the
client, who retorted that Steel ought
TO be selling at so, and seemed to be
quite surprised that it had not dropped
several points
New-York tribune., 1921-04-08
Financial Items

Robert p. Barbour. secretary OF the
North British and Mercantile Insurance
Company and allied companies. is to CO.
operate with Columbia University In a
course In fire insurance to be given during
the winter term OF 1s21'22. Ralph H
Blanchard who is in charge OF the insur-
ance work at Columbia, will conduct the
first part OF the course covering the funda-
mental principles OF the business, and Mr.
Barbour will handle tho second part OF the
course. devoting himself to the practical
application of these principles In tho con-
duct of the insurance business.
Frceman s. Co. equipment trust brokers,
OF New York City. with interests affiliated
with them. have Incorporated under the
Jaws of the state OF Delaware a corporation
10 be known as the National Steel Car
Lines Company. with an authorized cap
italization OF $1,000. 900 preferred stock and
10000 shares Of par value common
stock. to engage in buying. selling and
leasing railroad cars under tho equipment
trust plan. Officers and directors have
been elected as follows: Ernest L, Nye,
president: Leon s. Freeman. vice-presi~
dent; Il. Kirk Haskell. vice presidents S
ualline. secretary; r. j. Burton. treasurer:
southgate 3. Freeman and James A. Cot
Qer.
New-York tribune., 1921-04-08
Regular U. S. Rubber Dividend

Prediction that directors of the
United States Rubber Company would
MAINTAIN the So rate on the common
stock was confirmed by yesterdays an
nouncement that the regular quarterly
disbursement of So a share had been
declared. The income account for the
year showed that the requirement had
been earned with margin of more
than $13 to spare. An unfavorable fea-
ture Of the report, however, was the
large jump in Inventories, the balance
sheet showing az increase OF about
$36,00o.000 in this item Current liza
bi!ities advanced approximately s43,-
100000; which doubtless has been the
reason back of the reports that the
company would have to do more new
hnancing this year, despite statements
to the contrary
New-York tribune., 1921-04-08
Financing Oil Purchases

Organization Of two acceptance syn
dicates to aid oil companies in the pur-
chase of crude oil was announced yes
terday in Cleveland by H. C. Robinson,
vice. president of the Guardian Savings
and Trust Company, which heads both.
One syndicate OF large Ohio banks will
supply the Paragon Refining Company
with $3,0O0,000 of credit, while the
other will furnish Empire Petroleum
Company with s6,oOo.oOo. New York,
St. Louis, Detroit, Kansas City and
Chicago are also participants. The
credits run for ninety days, with the
privilege of one renewal. Representa-
tives of the oil trade said yesterday
nat other syndicates Of this character
lave been operating for many months
in financing the purchase and storage
Of surplus supplies Of crude oil.
New-York tribune., 1921-04-08
Breaking Records

All records in the sale of new Issues
of state and municipal bonds were
broken in the first quarter. Figures
compiled by The Bond Buyer show that
an aggregate of S202 ,366,224 of bonds
of this description was marketed in
January, February and March, compar-
ing with $195, ,665, 900 in the CORE
spending period Of 1920, and S102 $685.
223 in the same quarter Of 1919. Judg
ing from reports now in hand from
every section Of the country it is ex-
pected the output of new state and mu-
nicipals in the current quarter will run
into large figures. The March offer
ings amounted to s54,92s. 500, slight
falling off compared with. February and
January and the corresponding month
Of last wear.
New-York tribune., 1921-04-08
Favor Abolition Of Comptroller

Wall Street bankers were not sur
prised at the news yesterday, con-
tained in Washington dispatch to
The Tribune. that the Office Of Comp
troller of the Currency is to be abol-
shed. 1t has always been considered
logical development since thA organ
zation Of the Federal Reserve that the
duties Of the Comptroller's office
should be taken over by the system.
And during the Wilson Administration
the feeling that this should be done
was stimulated by the friction between
the bankers and John Shelton Williams,
who held the office of Comptroller dur
ing that time
New-York tribune., 1921-04-08
Mullins Body Passes Dividend

That the stock market has discounted
in good many instances the passing
of corporate dividends was again evl-
denced yesterday, when dealings in
Mullins Body amounted to only 200
shares at >price unchanged from
Thursdays last sale, although direc-
tors announced that the quarterly divi-
dend Of 81 a share, due at this time,
had been omitted. 1t was announced
after the meeting that the action Of
the board was directly due TO the lock
ont which has been in effect against
the company's employees for about a
month
New-York tribune., 1921-04-08
Nickel Cuts Wages

The international Nickel Company is
acting to reduce operating expenses at
it's Canadian properties by cutting
wages. Announcement has been made
at the Copper Cliff, Ontafo, properties
of general reduction Of Is per cent
on all pay roll rates in the mining and
smelter division, effective on April IS.
Married men are not affected. Accord
ing to company officials there are
plenty of men available and willing to
work, if only on part time
New-York tribune., 1921-04-08
Paris Market Inactive

PARIS, April 7.-Trading was mac
tive on the Bourse to-day. Three per
cent rentes 81 francs. Exchange on
London, 54 francs 81 centimcs. Five
per cent loan 80 francs 95 centimes
The dollar was quoted at 13 francs
971a centjmes