davidaulloa/AmericanStories huggingface dataset:
America. [volume] (Cleveland, Ohio) 1905-current, 1921-10-28

London. Ohio. - Marele juri,l
din judetul Madison Il facut acu-
zatll contra Il SaSe oficlanti dc
aici. Eli sunt acuZati. - la lnsiS
tenta authorization federale pen
tru nfortarca prohibited. de ire
gularitati. Gel acuzati slnt: pri-
marul Elisha S. Gordin, acuzat
ca primit mita: seriful l.. Il. Ro-
binson, acuzat ga dat mita pri-
marului Gordin 81 ca ma servit
un mandat de Arrest unui violator
al prohibited: deputy-seriful Har-
ry Turner, acuZat a dat prima-
rului mita 81 PRINT 81 dinsul
James Goldberg. oficiant jude
team, care a primit mita Advoca-
tul. judetean: Leo Holland, care
a primit mita. Toti neaga acuzelc
America. [volume] (Cleveland, Ohio) 1905-current, 1921-10-28

Din cauza crizei care bantlie.
tincrii Sc feresc >ii Sc isatoreasca
GU fete durdulii. fiindca le trebue
prea mutt material pentru imbra-
caminte.
The Washington times., 1921-12-04

5 Billion Farm Debt.
Farmers Not Welching,
Present-Day Burdens.
Facing the Music.

CHICAGO Dec. 3-The farmers of the United States
carrying S. of debts That much Italy
and England United States at the end of the
far than the United States Government owed ct
of the civil is much of the national
debts today. = :.
There 100000 to 100000 farmers in the United
States. There about 100000 people in Belgium
Yet the Belgium debt less, by half billion, than
the farmers total deb in this country And all the world has
sympathy for Belgium
How many have it for of the United atets?
figures and comparisons suggested by the latest
bulletin regarding the burdens borne by the American farmers
nowadays ,s-.,
They tell story that is worth pages of economic theory.
but let that pass.
The important question How the American farmers
carrying their load? Cheerfuy? Well, about cheerfuy
American from 100 to 60 But they
carry it. Few go into bankruptcy None call for State
national moratorium.
North Dakota tell of the farmers who
when things grew desperate walked off their farms while
they still had shoe leather to wall in and left their land to
the holders of mortgages.
But such unusual In general the farmers of the
East West Northwest have set their teeth and resolved
puy to pay their debts possible to struggle
back fast they
The Washington times., 1921-12-04
Rail Trusts Are Taken
Up BY Western Capital

Sae Of Of railroad equipment trust certificates
held by the Government yesterday by Dec
tor General Of Railroads Davis bringing the total Of such
securities disposed of by the Government to
For the first time since the Government began the sales
of such certificates Western financial interests have taken
blocks them according statement by Eugene Meyer
jr, managing director Of the War Finance Corporation
through which the sales arranged. ",. sAt@
The sales Of today consisted of blocks of Cleveland Gin
cinna Chicago and ST. Louis Railroad certificates totaing
sold to syndicate of financial interests of New
York. Pittsburgh, Chicago Cincinnati and Cleveland and
certificates of the Delaware and Hudson New York Central
Chicago and Northwestern Michigan Central Chicago, St.
Paul Minneapolis and Omaha railroads. totaing $s3S6200
Of them went to syndicate composed of the Illinois Trust
and Savings Bank the Merchants Loan and Trust Company
the First Trust and Savings Bank and the Continental and
Commercial Trust and Savings Bank all Of Chicago It
was estimated that in certificates had been sold
by the Government
with reference the sale of railroad equipment trust
certificates to the syndicate of Chicago banks Mr. Meyer
said 1T is interesting note that the investment demand
for these securities which at first confined to the East
arm territory Is gradually spreading westward appears
indicate that the general Improvement in money market
conditions s following precedent and is gradually moving
westward there will be better market for farm
in the not distant future and that the agrcu
ura sections will begin feel the benefit of inprov-
ing financial conditions"
The Washington times., 1921-12-04
Clarksburg People Ask
Link to State Highway

CHARLESTON, w. Va, Dec. g.
Requests that the State road commits
sion establish a connecting road from
Sistersville to Clarksburg, by way of
Middlebourne, Shirley and Center
Point. were made Of the State road
commission by q delegation of prom
;nent citizens of Tyler county. Tho
proposed hard surface highway would
bs through Tyler. Doddridge and Har-
rison counties
Included in the delegation were for
mer Senator T. p. Hill, who was q
member Of the 1911 legislature; w. r.
Mcintyre, who was q member OF the
1911 Legislature: A. T. Nichols. #, N.
Underwood and I. M. Underwood, all
Of whom are well known in that sec
ton.
They advanced a number of reasons
why the road commission should des.
ignate the route as q State project.
The territory covered by the route IL
Of important local nature and the
highway IL badly needed. they said.
Thousands of persons in the three
countries favor its establishment.
The Washington times., 1921-12-04

each other, that things are going to
the devil ii win grease the slide TO
that state of things.
: Then we must keep suggesting
to each other th1t we believe in each
other; pledge each other our mutual
faith, to our country and the God
above US. that we will stay on the Job
and plug and save and dig until the
new economic day dawns." r,.t
All this may not seem to the point.
1t is. II with a national debt on their
shoulders, with bushel OF corn sell.
ing FOR the price OF collar and with
a bushel of wheat worth little more
than a necktie, the majority OF Amer
lean farmers are thus determined TO
face ne music, work their way our
and .4ot waste time on the thousand
and one schemes for cheating credit.
ors, nationally or internationally.
they surely are showing the sort OF
American character that has made
American welfare the marvel Of man.
kind.
Pluck. perseverance, grit, under.
standing Of the facts and the resoiu-
ton to conquer them. no evasion -
financial hardships and no general
thought Of repudiation-those are
the things and conditions that pull
the nations business out Of any
slough.
The farmers talk Ii not economic,
in the ordinary sense, not sentimen.
tai in any sense, but what we have
quoted Is as clear. strong and re-
freshing as a like wind In August.
And consider a moment-tt comes
from a group Of men who are carry
ing a five billion dollar debt. That is
something to think about
The Washington times., 1921-12-04
runsas%assaHsarnu. Blu SINESS AND FINANCE VII
INVESTORS SERVICE


Has Read Promotion Literature.
K. C.-If a person had invested
500 in Swift . Co. or Van Camp
Packing Co., or H. J. Helms Co. when
these first started in business what
dividends?
The figures I have seen in printed
literature. advertising motion picture
stocks and oil stocks seem almost
incredible.
Answer-You arc right.
Get-rich-quick stock boosters play
up, such things AZ a trump card.
But the figures given are never more
than wild estimates and absolutely
silly In comparison with promotion
schemes.
But they are worse than silly.
They are misleading and not infrS-
quently used with fraudulent intent.
with dire consequences to investors
who are led to believe that similar
good fortune will come to them In
buying this or that really worthless
stock offered to them.
The founders of the three great
business enterprises you mention he
gan with very modest capital and per.
snally assumed all the business risks.
They never went around peddling
stock.
As q matter OF fact. investors were
not permitted to put money into the
business until IL had assumed large
proportions and passed beyond the
hazardous stage.
When you receive advertising show.
ing how 800 invested In Swift or Hell
Telephone or Heinz or some other
great American corporation quickly
grew into a colossal fortune. simply
smile at the promoters notion that ne
can play you for q sucker. and throw
the stuff into the kitchen stove.
Usually IL Ia the indelible brand of
the beggar.
The Washington times., 1921-12-04

toward the rails. although combining
itself primarily to the dividend-pay-
ing stocks among them.
While the demand for bonds and
preferred stocks has by no means
run its course. 1t Is only natural.
considering the advances they have
enjoyed, that they should show more
hesitation.
Still the courage Of the buying
public has increased to such an ex-
tent that whenever desirable stocks
are offered at moderate concessions
they are promptly absorbed.
At the first Of the month there
il usually a little better demand for
money at sitter rates, but this need
not be given serious consideration
as the supplies Of funds for some
time ahead will undoubtedly be moro
than sufficient to meet the demand.
and a large portion Of this ID bound
to be attracted to conservative in
vestments which offer liberal returns.
The Washington times., 1921-12-04
w. Va. Collects Million
Year in Excise Taxes

CHARLESTON. w. w., Dec. g.
Figures compiled in the State tax de-
partment show that the income Of
the State derived from the excise tax
on corporations during the calendar
year 1920, amounted to 1885,, 075.32.
and from the end of 1920 to July /.
1921. when the collection of this tax
was suspended, to an additional S207,-
1926 approximately. or a grand total
for the year and q half of approx
mately S1,694.567.6S. All returns. of
course. are not yet In for the half
year and win probably not be soD-
plete for some time.
This tax will no longer be collected
because it In superseded by the sales
tax. under the new law Of the legis-
lature. but these figures show that
the excise tax was q good revenue
producer for the, State while 1t lasted.
The Washington times., 1921-12-04
Little WEIGHING.

The reports to this effect come in
printed reviews of agricultural con-
ditions just now and in the reports Of
travellers.
They are confirmed by the writer's
personal experiences and by many
letters. in all the grumbling and
groaning, from city and country. 1t 10
refreshing to find that there Ia SO little
welching.
farmer in Artesia. Cal, shows
the true spirit. He il not especially
cheerful. but. like millions Of his as
sociates, he has set his teeth and
refuses to say die.
Il am a plain farmer" he writes,
"a so-called dirt farmer. and perhaps
my ideas are not very valuable just
now. But when l owe a note at
bank. i get to work and pay it as
soon as 1 can"
There is the spirit. Then comes
the application. which il a little off
the line of this article. but yet has
lesson.
81 think we American taxpayers
have a moral and legal right to ex-
pect this same conduct from the
nations that borrowed and spent our
hard-earned dollars for the defense
Of their homes.
Il do not believe that any man or
set OF men. No matter what their
official position may be. nave any
legal or moral right to cancel one
dollar OF that Indebtedness. and
further. that any public man bring
Ing about the cancellation Of any
part Of the war loan can never be
buried so deep that his name will
not smell in the nostrils of future
American generations" Then, on
conditions In general. this California
farmer remarks:
When any great number Of the
people put their shoulders to the
wheel, the load moves or something
breaks"
The Washington times., 1921-12-04
Weekly Financial ReUiew
By HENRY CLEWs.
Of Henry Clews d Co., Now York Bankers

NEW YORK, Dec. 3.-Definite announcement by Presi-
dent Harding that he expects put before the con-
ference plan the calling of regular sessions fus the
expectation of those who had looked to discussion OF
economic questions by the conference.
believed that the first session OF this conference
will have do with exchange and debt problems and there
are many who anticipate that will be summoned during
this winter possible at about the time Of the adjustment
of the next German PREPARATIONS payment
Meanwhile the work of the present conference seems to
be giving practical Of in the tightening
of armament charges-in present national budgets.
At the new session of Congress is understood that
first duties Of that body will be the formulation of
revised budget based upon the plans which have been
worked out by President Hardngs Administration.
Early consideration of the tariff is also contemplated it
being expected that hearings will start within few days
Reliable forecasts also suggest the presentation Of plans
for a direct subsidy to shipping
Whatever may be thought of these projects is clear
that they intended stimulate confidence in business
The railroad funding bill will also be pressed
The Washington times., 1921-12-04

money to ''line-of-credit" customers
at banks. who are largely manu-
facturers and distributors. has clearly
taken place. while rates charged for
investment n well as for short term
funds are obviously declining.
Reparations and EXCHANGE.
The outstanding feature in the
exchange market continues to be the
low value of the German mark, a.
though recent recoveries have raised
II to over $.005s.
Coupled with the practical inability
Of the German government to set
aside any substantial sum toward its
reparations obligations early in the
year, the present state Of things tends
to raise in many minds the gravest
doubt As to the prospect Of real
financial Improvement from the inter
national standpoint.
Hence the visit Of the Preparations
Commission to Berlin and hence also
the proposal Of an international bank
ing conference to be held in the near
future and to devote itself to clear
ing up the whole problem Of repara-
tons and exchange.
The plan to have the United States
represented by an unofficial adviser
at the coming sessions In Europe Is
probably desirable. notwithstanding
the fact that we have no direct inter-
est in reparations payments.
Meantime, the presence Of a sub
stantial supply of capital in this
market available for use in further
ing foreign investment requirements
has been made evident through the
ready response to some of the sound
er bond offerings that have been
lately put before the public.
Market Review and Outlook.
There has been reasonably active
business throughout the past week.
Inherent strength being manifest
even when transactions were light.
Popular fancy has appeared to trend
The Washington times., 1921-12-04
Another Story.

Speaking for a host OF farmers I'm
the northwest, the ST. Paul farmer
OF this date tells tn. same story as
the man in Artesia.
Just as our fathers and grand
iathers faced the financial chaos Of
their times. and turned IL into order.
SO will we. In the meantime there
are two things we can do to help,
Let's stop talking to each Other
about hard times. We are not starry
ing yet and there Is no prospect of
that. II we keep on suggesting to
The Washington times., 1921-12-04

.Rulae and regulations prescribing
the form Of through export bill Of
lading to b issued by rail- carriers in
connection with ocean carriers, whose
vessels are registered under the laws
of the United States, on shipments
from points In the United States to
PORTS in nouAdJacent foreign conn.
tries have been issued by the Inter-
otato Commerce Commission.
The Washington times., 1921-12-04
Retail Food Cost.

The Department Of Labor has CON-
pleted compilations showing changes
in the retail cost Of food in thirteen
principal cities Of the United States.
From October Is to November Is,
there was = decrease in SIX cities and
an increase In tive. In Washington
there was q decrease Of . per cent; In
Atlanta, Peoria and Springfield, q do
crease Of . per cent: In Little Rock. 4
decrease Of l per cent, and in Man.
chester, q decrease Of 0ne-tenth of
per cent. In Rochester there was an
increase Of per cent; In Philadelphia,
an increase of three-tenths OF I per
cent. and in Baltimore, Louisville and
New York an increase of one-fifth Of
1 per cent. In Denver and Norfolk
there was no change.
For the year. November 16, 1920. to
November Is, 1891. there was q de-
crease of "a per cent in Louisville,
Norfolk. Peoria and Springfield; %
per cent in Atlanta, Baltimore. Denver
and Little Rock; II per cent In Man
chester. Philadelphia, Rochester and
Washington, and 10 per cent In New
York.
Compared with the average cost In
the year 1913, the retail cost of food on
November Is. 1921. showed an increase
Of 50 per cent in New York and WASH
ington, 81 per cant in Manchester, "a
per cent in Baltimore, 81 per cent In
Philadelphia, Is per cent In Atlanta,
~ per cent in Little Rock. II per cent
in Denver and 20 per cent In Louisville.
The Washington times., 1921-12-04
BLAST WRECKS GAS PLANT.

MORGANTOwN, w. Va. Dec. a.
,last that wrecked the Union Utui.
'es Company gas compressor plant
Barket Station, inflicted loss that
is estimated will require a month
10 repair. The loss was 100000.
The Washington times., 1921-12-04

stood at s23.45s. 40. 4s0.4s, compared
with $23.s19.0S5.725S7 on November
sc.
The increase was que to the issu-
ance Of 1921, 200. 900 worth of Treasury
certificates on November 1. while
there were no certificates maturing
during the month.
The Washington times., 1921-12-04
ICE CREAM MEN MEET.

WHEELING. w. Va, Dec. a.
Huntington was selected by the Ice
Cream Manufacturers of West Vir-
ginia for their 1929 convention city.
Officers elected were: w. B. Sine.
Clarksburg. president; s. b. Haffner.
Elkins. vice president. and c. F.
Jamison, Huntington, secretary-treas-
The Washington times., 1921-12-04
Ecuador Borrows s7ee, see Hers.

Ncuao0r b0rr0WS w, ~ Hoc0.
Consul General Cooling. at Quito,
Ecuador. has reported to the Depart
ment OF Commerce that American
financial interests have contracted to
float loan of $1,000 for the Quito
municipality. Tho securities VIII bear
8 per cent interest and amortization of
the bonds will be at the rate Of . per
cent q year.
The Washington times., 1921-12-04
Harding Favsrs Shin Subsidy.

President HA. ling definitely favors
the ship yubsidy and will 80 inform
Congress In \ special message six
weeks hence. the White House off,
cially announces. A concrete plan will
b advanced In that message. II In said.
The Washington times., 1921-12-04
Phot0Kraphic Material.

he market in Brazil for photo
.aphic goods and supplies seems to
one Of the few that has not expe
enced a depression in the present
risis.
Due to European competition and
he favorable rate OF exchange to
European exporters, considerable ad
vertising will be required In order to
III American products.
The Washington times., 1921-12-04
Sewing Machines.

Sewing machines are in strong de.
land In French Morocco. principally
,mong the Jewish population. Owing
, the extremely high prices Of Amer.
an sewing machines which have a
God reputation in this district, the
heaper makes are preferred.
The Washington times., 1921-12-04

The Fort Worth and Rio Grande
Railroad Company has applied to the
Interstate Commerce Commission for
authority to issue &s2,ss2 Of demand
promissory notes to be delivered to the
St. Louis-San Francisco Railway Com
The Western Pacific Railroad Com
pany has applied for authority to &C.
ouire control by purchase Of stock OF
the Sacramento Northern Railway
Company.
The Washington times., 1921-12-04

Improyement Of the Railroads.
Even without such aid for railroad
credit conditions among the carriers
are obviously mendinG.
There has been q very decided ad-
vance OF values Of standard railroad
stocks during the past week and this
has been based AZ much as anything
upon the more favorable net earnings
showing revealed by the latest figures
which indicate a growth Of several
millions for October over September
figures, which were $S7 900. 900 in the
net income of Class 1 carriers.
The rate question il to be carefully
studied by the Interstate Commerce
Commission at hearings which Will
open December IA. and which are A.
tended to establish whether rates an
a whole are reasonable, meaning there
by appropriate to the movement OF
goods and adequate to the payment, Of
the charges.
There Is abundant reason to believe
that this investigation will be con-
servatively conducted, and that its out
come should be an important stabiliz-
ing factor in transportation values.
Changes in tho working rules" gov
erning railway operations. just an
nOunceu, snouio aiso hoip tho oieoo
ton.
We are slowly but surely approach
ing a much more positive determine
ton of the railroad status with re-
spect both to investors and employees.
Growth Of Sound Credit.
Continued growth of sound credit
conditions is indicated by the increas-
ing abundance and lower price Of loan
able funds.
An interesting study made by the
Department of Agriculture showing
that at the end Of 1920 selected banks
in the United States had loaned about
$4,000 900 900 In personal and collateral
loans to farmers and $h447, 900. 900 In
farm mortgages, or total OF about
SIS, 200, 000, 900.
These figures, based as they are
upon rather less than half Of the
hanks of the country indicate the
presence OF bank advances to farmers
In the entire United States Of prob
ably not less than 1900, 000,0 900 to
sI2, 900 ,000, 900.
The farmer is thus shown to be well
provided with funds as compared with
other factors In producing, while
within the past month progress In
liquidating his borrowings Of the
proceeds OF present crops has been
going ahead steadily.
A definite reduction In the cost Of
The Washington times., 1921-12-04
Rubber Goods.

An excellent market for mechanical
rubber goods Is open In Brazil. There
are about $4,000 Industrial establish
ments, many Of which require betting
for power transmission. Rubber hose,
and rubber packing are in steady de-
mand.
A Polish rubber company under the
name Pneumatyk has been recently
founded in Posen. There are con
siderable stocks Of raw material on
hand at present, but these are
gradually depicting.
The Washington times., 1921-12-04
Paints and Varnlshes.
Agricultural Implements

American machinery. agricultural,
implements, ard particularly tractors,
IRE assured q definite and important
market in Palestine.
An excellent opportunity Is Offered
American manufacturers for the in.
PRODUCTION of steel plows into Siam.
for use In the preparing Of the rico
lands.
The Washington times., 1921-12-04
Fertilizers.

Mineral fertilizers are finding
growing market among the farmers
and orchardists In southern Spain.
The principal mineral fel tilizers In
use are the superphosphates of lime,
Of variable richness. the maximum
being from IS TO 20 per cent. Nj:
trates are also in demand.
Superphosphates are selling at 1910
pesetas Il peseta equals $01337 at the
present rate Of exchanged per 100 kilos.
Z. O. b. railway at Seville, for the 16 to
Is per cent quality. and 1910 pesetss
Fer 100 kilos for the 1S to 20 per cent
quality.
The Washington times., 1921-12-04
TRADE
Railroads..

Railroads.
An expenditure Of $500, 900 has
been authorized by the Ontario gov
eminent for the construction Of an
extension of the Transforming and
Northern railway, seventy miles
northward. 1t is planned to award
the work az q single contract.
Bids for the construction Of this ex-
tension will be received by tho Tennis
koming and Northern Ontario railroad
commission after December /.
Lumber.
Tho exceptional activity in con-
struction of houses and Of municipal
undertakings in Japan, has resulted
In heavy demands of American lum-
bcr, particularly of the best qualities
OF Douglas fir, Port Oxford cedar and
other specialties.
The increased activity in building in
Buenos Aires affords an excellent
opportunity for American manufac-
turers to supply the builders with hard
ware and other appurtenances, and
especially in the introduction of Ameri-
can equipment.
Owing to the shortage Of buildings
In the Levant, q ready market IL
offered in this district for portable
houses.
The Spanish government IL in the
market for a large number Of ready
cut houses, to be used for workmen's
dwellings.
Paints and Varnishes.
Paints and varnishes are not manu-
featured In Portuguese East Africa.
This colony Is wholly dependent for
paints and varnishes upon. foreign
countries.
The demand. however, is limited.
The Paints are almost invariably pur-
chased from the standpoint Of cheap
ness rather than that Of quality.
A fair demand for paints to be used
in connection with ships might be fos-
tered in Laurence Marques
The Washington times., 1921-12-04

An increase of about $eo.oO0.Ooo IN
the public debt in November was an
nounced yesterday by the Treasury
Az the end Of October the public dep'