davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-11-01
M'KENNA SAILS TO-DAY.
May Issue Statement nefore' Leav-
ing United states. ~

The Right Hon. Reginald McKenr..
formerly Chancellor OF the British Ex~
chequer and now chairman Of the Lon
don City and Midland Bank. who has
been in Chicago and Washington as
we'll as In this city. viii sail for f.on-
don tomorrow afternoon. He has been
entertained. in banking and social circles
under the guidance OF Seward Prosscr,
president of the Bankers Trust Com.
pany. in whose office he made, his head
quarters. 4..
Mr.. McKenna declined yesterday to
talk for publication, but a statement
may he made public In THE New YoRH
HERAlp tomorrow morning.
The New York herald., 1921-11-01

Call money renewed yesterday in the
New York Stock Exchange at So per
on renewed calling of loans in connec-
tion with the United Kingdoms $751;
100000 maturity, to be paid to-day. ad-
vanced first to 81 per cent. and then to
s per cent. at the close. The outside
market followed that schedule closely.
except that at one time few loans were
reported to have been closed at Al per
cent. I. The time money market was
nominal. In acceptances the supply on
hand Is being worked Off at AZ per cent.
discount. although a discount OF As
per cent. to-day would cause no surprise
In View OF the bids for .acceptarices yes
terday at Az per cent. discount.
The New York herald., 1921-11-01
wiiIys-overland Loan.

Approximately $18,000,0o0 of bank
loans OF the Willys-Overland Company
matured yesterday and about 10 per
cent Of them were paid, according to
information obtained In banking circles
yesterday; The remainder, it was said.
was extended for another eight months.
Fl was added that after making pay
ments on account Of it's loans yesterday.
the company was stIli In an excellent
cash position.
The New York herald., 1921-11-01
Would End Railroad Labor hoard.

Tho railroads cannot be rehabilitated
until the United States Railroad Labor
Board is abolished and the wage fixing
and rate making powers consolidated
into one body. said statement yester-
day bysT. J. Lisman. He suggests that
tho wage fixing power be transferred
to O. bureau under the supervision of
the Interstate Commerce Commission.
with. tho duties of supervising the ac-
counts, elections and strike votes of
the unions and of defining all issues
between managers and employees so
that tn man may know exactly wha.
they are supposed to- be striking for.
Mr. IAsman believes tho foregoing so-
luton would retain the benefits of the
union organizations while curbing the
professional agitator In the interests Of
the public.
The New York herald., 1921-11-01
Fore,sn .Fina.n,co Corpora tion.

= The 100000. 900 Foreign Finance Cor
poration. which was actively promoted
for several months. has been laid on the
shelf. Attention is being directed to the
Ter Meulen scheme for financing inter-
national trade, regarding which there Is
expected to be further information to-
morrow.
The New York herald., 1921-11-01
UNITED STATES TREASURY STATEMENT.

sseNo Dssac" to The YorxI Irsuua
Nsv Bureau.
ID. q. Oct 3i(
The New York herald., 1921-11-01
1919.
261,395,138

Open High Low Clos Net
ing. est. est. ing. Ch'nge.
The Washington times., 1921-11-10
ADVANCING
WASHINGTON'S INTERESTS
500, 600, 900 Municipal
Bonds Sold Recently

Recent municipal bonds in thirteen States have
totaed more than $50 900 and in addition
of the securities been offered for sale according 10
statistics made public today by the National unempoymeh'
Conference. - Ia ..a
addition $40 State bonds have been sod ana
the same amount of them offered for sale -.
These figures it explained in statement, W WSte
compiled in connection with studies made OF the possD
of Fastening public works measure OF renewing Tic
unemployment situation . ,,-. ia m,,.s
"The largest State bond SALE, the statement sald,
Illinois of S5 600 600 for highways. Michigan offered
Sd 600 600 bonds also for highways and $30OO0o9 OF
these had been sold when the figures were compeo Oh
October 81. e,o ooo ooO in
"The State of Michigan is also offering $loUoMgooo M III
honds for the soldiers Connecticut recently spose
of in bonds The rate of the state nonas Was
nar cent for illinois, Connecticut, 56 Tor the sooies
bonus of Michigan 575 for that States highway
IA wider variance of rate was shown IN the mGhsipa
bonds These ranged from cent as In the Ccaso
issue of 81 500 900 for park improvements, 10 RLh;
for the 81 100000 in school bonds oemg Snnds az
Public works which is hoped will be erected schoos or e
+snded bv these municipal bonds include highways SCHOOLS
sewers filtration plants, water works. hospitals Ems
forest preserves bridges, lights, paving court
and police department equipment strees anu
sidewalks beach Improvements and memorial playgrounos
The Washington times., 1921-11-10
Wall Street GOSSIP

NEW YORK, Nov. 1o.-The over
whelmins Democratic victory as
founded the Street.
While they expected a Republican
defeat, they looked for a much closer
contest.
Far-sighted brokers regard as the
most important features of Tuesdays
voting the increasing swing away
from the Republican party, not only
in New York, but in numerous other
cities and localities.
Many fail to realize the tremendous
problems which confronted Harding
on his election.
Almost every act has caused dis
satisfaction among SOME group or
other. The bonus question turned
many veterans against the Repub-
Leans.
The Washington times., 1921-11-10
New York Cotton Exchange.

NEW YORK, Nov. 1o.-There was
a good deal of covering at the opening
of the cotton market today. but also
some active selling for Wall street and
Liverpool accounts and by the South
At the outset, October was points
higher and other months were to L.
points lower.
Soon after the opening. however
the list turned strong on heavy West
ern covering, which advanced quota
tions about 6 points over yesterday Z
close. but purchasers appeared to get
cotton rather easily because Of ofto"
ings from the South and the upturN
was maintained with some difficulty.
Cotton opening prices follow: Dc
cernber, 17.40; January, 1710; March
1905; May. 1890; July. 1915; October
1870.
The Washington times., 1921-11-10
EdlUardH. Jones Heads
New Chevy Chase Bank
EDITED BY
WILLIAM M. CONRAD

Edward H. Jones' prominently Identified with Chevy Chase
Md realty work. has been selected president of the newly
formed Chevy Chase Savings Bank according to
ment made today.
Clarence Waters first vice president; Frederick W.
Mckenzie second vice president and Paul Sleman counsel
A cashier is to be selected shortly.
Directors have been chosen follows Edward H. Jones'
Edward L. Stock, Frederick w. Mckenzie Alfred b. Leet
Clarence F. Waters Joseph A. Burkar r. F. Hatcher, Dr.
Frederick E. harrington Frank Simpson Horace E. Troth
jr Thomas w. Perry Paul Sleman Dr. Truman Able John
M Williams, William A. Mills, B. E. Hinton, George F. Mix
keson, Philip F. Gormley, and Stanton c. Peele.
The bank, which is capitalized at $4,000 with $4,000
surplus will begin business December the
Connecticut and Mckinley street
President Jones' DR.. f. E. harrington Thomas W. Perry
Alfred Leet and Paul Sleman will compose the executive
committee of the organization.
The Washington times., 1921-11-10

United States Government can have
little more effect upon the situation
today than the public works in Paris
had in the course of the French revo-
luton. The money, If used, will pass
away and leave the surface, here, as
in England, scarcely touched"
The argument here is not against
undertaking public works, but against
expecting much from them.
II is well to watch the real things
work out in business life, even in hard
times. Then we can realize the great
truth that there is still nothing TO
walk on but ground-the clouds won't
do, even in the new era" that we
hear so much about.
The Washington times., 1921-11-10
Britain's Cure.

What does this mean? That the
unemployment committees and con-
ferences have been useless? Probably
not. 1t means probably that, praise
worthy as their efforts have been, they
have not amounted to enough in the
vast expanse of American business TO
have any noteworthy effect.
What has been done has been worth
while. But the great problem is he.
ing adjusted entirely aloof and apart
from the endeavors OF appropriation
committees and official commissions.
Like some animals, business appar-
can cure il. We believe in time the
figures will show this. One can al
most prove the point now by the eN-
perience of Great Britain.
The British officials have been
handling the unemployment problem
ever since the armistice: 1t has been
good deal of a problem, often in
volving / 500 900 to 1000 900 idle work
ers. Great Britain has only about
AZ, 900. 900 inhabitants. Therefore her
proportion OF unemployment was
about the same as Americas when
America had been 100000 and
5000 900.
That made a severe proposition for
narrow country and an old one.
So the government took hold; it in
creased the numbers of working men
insured against idleness. 1t appro-
priated s5O,O0O.0 900 to road building.
1t spent several millions in sending
so, 900 men to the colonies, mostly for
agricultural employment. By a va
riety of relief enterprises 1t found oc-
cupation for 200 900 men at home. Up
to date II thus has used $3.50, 200, 900
and provided work for about 300,"0J,
yet, as the statistics say. has scarcely
more than touched the surface of the
problem"
The Washington times., 1921-11-10
BUSINESS AND FIN N c. WILL
Mexican Petroleum
d, Brings In a G. usher

MEXICO CITY. Nov. lo.-The
Mexican Petroleum Company
has brought In It's Cerro Azul
No. well. with q now esti-
mated at over 100000 barrels q
day.
A message received by the
local office OF the company says
The well was brought In Tues
day and that II will be connect
cd up with a pipe line imm sdi-
ately.
The Washington times., 1921-11-10
Workman Has $500 for Stock.

Il. D., Massachusetts Avenue.-For
many years 1 have aspired to own
stock in big corporation, but until
now have never had sufficient
money to crafty my desire.
l have succeeded in saving up
$500 good, clean money. During the
process Of pinching and saving and
going without l have watched the
stock market and have read a good
deal about corporations and these
are the stocks l have picked out as
possibilities: American Car & Foun.
dry, Atchison Railway, Norfolk &
Western, Southern Pacific and New
York Central.
Which of these wouli you advise
me to buy7
Answer-It might not be a bad plar
for you to buy one share each Of the
five, as we approve OF all OF them
You will then have an interest in
five big corporations, four OF them
railroads, and you will have n LOT
more satisfaction in receiving divi
dend checks from 80 many companies
instead of only one.
This plan calls for an expenditure
OF about $3.50 and you will receive s35
annually.
The Washington times., 1921-11-10
Grateful for Our Advice.

p. H., Pennsylvania avenue.-I am
grateful for your help In the past.
1t has protected my modest savings.
Through your advice have
bought some good investments, and
If 1t had not been for you I should
probably have engaged in foolish
ventures and lost.
Now / have a few hundred dollars
more to invest and want your advice
about the Urban Motion Picture
proposition.
The company will give me so per
cent bonus Of common stock with
the preferred.
Is II safe, and how does II compare
with Northern Pipe Line and In
diana Pipe Liner
Is 1t as safe as American Tele-
phone & Telegraph
Which of these four stocks would
you advise?
Answer.-Eliminate entirely Urban
lutely no investment value.
To compare II with the Standard Oil
pipe line stocks or American Tele.
phone is farcical.
Indiana Pipe Line, par $50, price
SS4, pays 16 per cent, 81 quarterly,
and yields 9k per cent.
Northern Pipe Line, par 800. price
S94, pays IS a share every six months
and yields 10h per cent.
American Telephone, par 500. pays
1925 quarterly and yields $50 per
cent.
We favor the latter for your invest
ment.
The Washington times., 1921-11-10
Decline In Cotton Ginning.

Cotton ginned prior to November
amounted to 6,646,13o running
bales, including 111,150 round bales,
11,775 bales of Egyptian
and 1886 bales OF sea island, the
Census Bureau announced TO-DAY.
Last wear to November there
had been ginned 7.50S,633 bales, In
Guiding 159,058 round bales, 23.O2S
bales of Acknowledgements and S4S
bales of sea island.
The Washington times., 1921-11-10
Foreign Exchange.

NEW YORK, Nov. 10.-The foreign
exchange market opened steady to-
day, with demand sterling " cents
higher, at S394B. Francs yielded
" centime, to 7.27k for cables and
1851 for checks. Lires were N
points lower. to 4.14% for cables
and 4.13% for checks. Belgians de-
clined 1k centimes. to 6.9Sh Tor
cables and 6.97h for checks. Marks
yielded 4 points. to .0037.
other quotations are: Guilder, ca
bles, Bats; checks, 3473; Sweden
kronen, cables, 23.05; checks, 23.0o.
The Washington times., 1921-11-10

announce at any moment a reduction
in tire prices.
The statement in this column a
month ago that tire prices would be
reduced drew several semi-official dc.
malls. Now cuts are being announced.
u. s. Rubber's reduction should be
followed by similar action by Good
rich. For some time there has been
keen competition In the industry, the
result of which Is now becoming ap.
pasent.
Cutting prices Ia the most effective
action the manufacturers could take
to stimulate demand and put the in.
dustry as a whole on a more stable
basis.
The Washington times., 1921-11-10
n III Curing Itself.
Il The Great Lesson.
Keep On the Ground
BY George w. Hinman.

CHICAGO, Nov. 9.-Unempoyment grows less Why? More
goods demanded by the public open
men are called back to work That the simple
glance over the report from the industrial
In food products iron and Steel textiles leather goods
chemical of clay and glass and other
industries say the official reports the revival of employment
general and noteworthy.
That all seems natural and doubtless there good
news OF the sort to The only thing about these
reports to surprise anybody is that there hardly
ton of Government work and Government employment Mil
lions on millions spending good roads and public
buildings.
Cities States and nations have made and making efforts
employ enterprises But in the nation wide
which said reduced the of
ploed from 100000 100000 the construction of public
works seem to have been lost to view.
The Washington times., 1921-11-10
Chicago Grain Market.

CHICAGO, Nov. 10.-Wheat opened
~ TO N lower; corn. ~ to u lower
oats. V to " lower; provisions lower
Opening: "
wheat--Dec. l.05a a l.O5h; May,
1.11h Oil. .
Oats-Dec., 32h: May, SIMON.
Lard-JAp-, $50; May. 9.o2Q9.oo.
The Washington times., 1921-11-10
Joins Guaranty Forces.

The Washington office of the Guar
anty Company of New York Is an
nouncing the acquisition OF WinsloW
b. Van Devanter to its sales force.
Mr.. Van Devanter, a son OF Justice
Willis Van Devanter, or the onlteo
states Supreme Court, has recently
graduated from the bond school OF the
New York office of the company.
The Washington times., 1921-11-10
Worldwide Surveys.

World wide surveys of automobile
markets to aid American automotive
manufacturers to increase exports
are to be conducted by the Com
merce Department.
The surveys will be made by VII
liam I. Irvine. one Of the depart.
ment's trade commissioners. who will
first visit most of the principal auto
motive centers of this country to
confer with the industry ana later
tour fore'~r Countries.
The Washington times., 1921-11-10
Liverpool Cotton Market.

LIVERPOOL, Nov. 10.-Spot cottor
was dull at the opening today. Price,
were weak, sales were 5000 bales
Amer Mids. fair. 1898; good Mlds.
1913; fully Mids., 1923; Mids., 1893
low Mids.. s.53; good Ord, 1888; Ord.
7.os.
Futures opened easy.
The Washington times., 1921-11-10

Totals for these States amounted
to sec, 800, go in municipal and town
ship bond sales and $34,706.465 In al.
ditional bonds offered. The sales ana
offerings of bonds Of the State OF
Illinois, Connecticut and Massachu'
setts are not included in these totals
for municipalities and townships.
The Washington times., 1921-11-10
Seek to Hold Directorshlps.

w. X. Vanderbilt. OF New York,
applied to the Interstate Commerce
Commission today for permission to
hold his present office as director
in twenty-five different transporta-
ton corporations. ]. Ogden Armour,
of Chicago, also entered plea to
retain his places az director OF the
The Washington times., 1921-11-10
Surface Scarcely Touched.

The government is not hopeful, but
still goes ahead with its appropria-
tions; 1t has about $500 900, 900 worth
of projects and schemes still under
way or in prospect. But by neither
its past performance nor present out
look does il promise employment for
more than a small fraction OF those
who need work and cannot find II.
The sums spent by the British gov
crnment may not seem large &c an
American-may not appear adequate
to give public works and other relief
efforts a fair trial, but consider:
IL the United States government
had made similar efforts, in proper
ton TO the nations size, It would
have spent $3.50, 100000 already and
would have in prospect the addi-
tional expenditures of more than
800 900 900.
Those are sums to make one stare.
Yet I'm Great Britain the surface OF
the unemployment problem has been
scarcely touched"
What is the lesson? That public
works. while humane in intent and
good as far as they go, do not ac'
complish in hard times what Is eN-
pected of them-have not accomplish
ed IL in Great Britain, will not ac'
complish II in the United States. The
problem Is too big. 1t has been too
big Tor generations. One hundred and
fifty years, one hundred years, sew.
enty years, and fifty years ago, the
experiment was tried. II always fail
cd II is one OF those cloudy ideals
that may do some good, but never
enough to count.
In such a vast expense as American
business, with 5O,O0O,oOo persons ordl'
nariIv employed. with an annual trade
OF $40 900 900 900. with a yearly income
Weld OF more than 100000 100000,
with wages and salaries that trans.
cended the sum total OF the wealth OF
nations few generations ago--in such
circumstances the expenditure OF half
a billion or even a billion by the
The Washington times., 1921-11-10
Ford to Expand Plants.

The Ford Motor Company will
shortly commence series OF add.
tions TO Its factories to relieve un.
employment, Edsel Ford, president.
ence, according to advices received
here.
The Washington times., 1921-11-10
Politics and Finance.

Politics and the stock market are
similar. For instance, parties OF
groups nominate their pet, work hard
to put him across, but often find diff.
ficulty In getting the public TO accept
him, Just as In the stock market pools
pick their pets, manipulate them sky.
wards, but also find trouble In getting
the public to take them off their
hands.
The Washington times., 1921-11-10

AFTER CALL.
Potomac Electric G.. NJ. and Ref. rs.
w. l., s1,000@103, 81, ,0OOQ103, 10000
103.
Washington Gas Light. 10950.
Mergenthaler Linotype 59l27h; 2
@127h.
Potomac Electric G. M. 6's, S1,000a
97&. $1.0O0Q97%, s1,000Q97k, $1,000
Q97x.
Capital Traction. 5@s9h. 5@S0h,
6@S9h. 5@89h. 5@89h.
Washington Railway and Electric
pfd., 10Q64.
MONEY-Call loans. 8 and per
cent.
Notice-The exchange will be closed
tomorrow, Armistice Day.
The Washington times., 1921-11-10
Mr.. Dicel8y TO SpeaI,

scheduled to address the advanced
class OF Washington Chapter. Ameri.
can Institute Of Banking on Con.
tracts"
The Washington times., 1921-11-10
Totals for IS States.

"The totals for thirteen States oil
municipal and township oonos re-
Gently sold or offered for sale are:
The Washington times., 1921-11-10

HAD II gone through. many busines,
men would have been dissatisfied,
The railroad question, tariff, fore,gn
debts, and practically every other
question may work out the same way.
FOR TINS reason, every distinct
change IN the trend of public opinion
VIII oe carefully studied by those in.
The Washington times., 1921-11-10
INVESTORS SERVICE

II you have an investment problem,
The Times will be glad to aid you:
Write us fully, inclosing stamped
addressed envelope for reply, and
address the Financial Editor.
The Washington times., 1921-11-10

Chicago, Milwaukee & st. Paul ana
the Illinois Central Itailroad.
The Washington times., 1921-11-10
Next Election.

In considering questions before the
House of Representatives, Il would be
we'll to remember that there Ia a Con.
gressional election next year.
The Washington times., 1921-11-10
Foreign Bonds.

FURNISHED by w. b. Hibbs 4 co..
Prices at noon:
The Washington times., 1921-11-10
Lower Rubber Prices

As this In being written. the II.
s. Rubber Company Is expected 70
The Washington times., 1921-11-10
Local Stocks.
WASHINGTON STOCK EXCHANGE

SALES.
Washington Gas 81, S5009S2.
Washington Railway and Electric
As. $1.000Q6lH.
Potomac Electric @. NJ. and Ref. 10.
w. l., 81 l,000Ql03, 81, ,000Ql03, Sl,00OGD
1903, Sl,0004i03. 81 ,000Q 1903, 81 10000
1903, Sl.000Ql03, $1,000 10000
103, l.000Q103, 81 .000Q l03, 81 ,0006p
103, sl.000Q103. $1,000 lO3, 81 ,O0O0
l03. $1,000Ql03. s1.00OQ103, 1.O00p
yn9 4 nanE,1nq mn z.tnp
The Washington times., 1921-11-10

Stock sales up to
ia m IL noon, I'D. m. In. m
286,900 2,427.900 ~
Bond sales up to
II m. II noon. Ipm
S,Ss9,ooo 6.l30,000 6,I37,0Oo l"
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-02-21
LOSES CENTER
OF POPULATION
Jimmy Herrin Sees Professors
Pick Spot on Neighbours Land.
Special TO The Times.

SPENCER, Ind, Feb. 21.-The rush"
Of Jimmy Harm was over today. The
6o-year-old farmer sat back in his arm
chair. free from the gaze OF the curious
and reflected on his short-lived fame
which followed announcement that the
center Of population Of the United States
had moved to the Herrin farm. Jimmy
can go ahead cultivating his little plot
Of ground now uninterrupted by news
paper reporters, photographers and
movie camera men.
Astronomers from Indiana University
decided that the first calculations which
placed the center of population on Her
rims farm were wrong, that the honor
should go to Melvin Sims. living two
miles away. Professor Cogshall deter
mined the spot was on a steep hillside
of the Sims farm. 1t is marked by a
Beech tree on which the professor
CARVED Center of Population, 1920.
There are six houses within mile ra-
dins Of the tree. Two of thees are unni-
habited. Two hundred yards away is the
home Of Oliver Renard. Whitehall, the
nearest hamlet Is two miles east.
The place is one of the most primitive
in Indiana Automobiles cannot so with
in a mile Of the tree.
1t is planned to erect permanent mon
ument beside the tree.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-02-21

that the weather man is going to let UP
on us-he has been riding us hard every
spring show for the past eleven years.
with rain, sleet. snow and hodge plodge
Of even worse--including the memorable
food of 1913, when we were all but
washed away entirely.
'But this year / believe the weather
gods are on our side. The mild winter
may, Of course, wind up in a general
meteorological catastrophe which may,
equally of course, hit us amidships of
auto show week, March to r. Again
say, however, that ! don't believe it.
This is one year when we are destined
to have mild weather.
"ShOw week will be devoid Of rains
or SHOWS. Why? Well, for one thing,
the new moon the other night was lying
fat on It's back with It's heels up in the
air-a real for sure dry moon
'Show week will, also, not be cold ;
that IS, not bitterly cold. The matter
Of snappy chill cuts no figure, anyway
because the big show building at the
State fair ground has whale of heat
ing plant and the show visitors will be
comfortable. Just so the people get to
the show without sloshing through rain,
sncw and slush-and they will this
spring, sure as shootin."
Orman is hereby awarded the genuine
barb wire sofa pillow and hand painted