davidaulloa/AmericanStories huggingface dataset:
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
BY JOSEPH Fl. DEGREES,
President OF the Chamber of Commerce
of the United States.


of the United States.
WASHINGTON Dec. 24-Men draw
different interpretations from the facts
that appear in the business situation
which has been so uncertain of lac.
My own conception Of present economic
conditions in the United States is
gathering strength"
To my mind, evidence multiplies that
the elements of weakness which charac-
terized the situation a year ago have
run their course in large degree and
that we are now in a period of bust
ness rehabilitation with many of the
causes of unsoundness eliminated. How
ever unpleasant events have been, they
have served to bring the country down
to fundamentals and to disclose once
more the great basis of economic power
we have for a fresh start.
In twelve or eighteen months we have
sustained with remarkable success the
shock of declines such as no other
countries have as yet had to undergo ana
we are now In the position Of having
gone farthest toward wiping out the
artificial features of our situation left
by the war All this has been accom-
plisAed without resort to emergency pal
liatives. There has been a demonstration
OF American coura sc and of the strength
Of our economic structure.
To any general statement regarding
the economic status of the country there
must necessarily be individual excep-
lions. REIMBURSEMENT in certain fields
will undoubtedly continue. In the case
of railroad revenues and rates, definitely
organized machinery exists to deal with
them In other problems. like taxation,
a beginning has been made and there is
promise of more progress yet to come.
Developments in these problems and In
processes of readjustment Will speed the
restoration of economic relationships
among raw materials and finished prod
ucts between producers dollars and
consumers dollars.
sURER FOUNDATION
FOR BUSINESS.
A building Of business activity has
now become possible upon a surer fOun-
dalton than has existed for years. As al
ways happens in such periods, raw ma
terials were first to feel the effects Of de-
faton in prices. These effects have been
widespread and serious. The compensa-
ton will come through response of raw
materials TO the new conditions. At the
middle Of December a joint congressional
committee. reporting on the agricultural
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
National Chamber of Commerce Head
Sees Gathering Strength in Business
Situation With Firmer Foundations

A wooden manufacture has increased
his employees by 70 per cent over No
vember of last year.
a general survey of the lumber in
dustry in all parts concludes that in
1921 not only the current production
was marketed, but much of the stocks
that stock on hand at mills has de-
creased at least by 40 per cent. and
that retailers stocks are 80 to 80 per
cent under normal
There is every indication that light
stocks are the order of the day for all
industries and merchants. Today stocks
sumption demand can be Immediately
felt and industry has greatly improved
its ability for efficiency and economy.
The president Of the Electric Railway
Association now tells the members, "as
a whole the electric railway industry has
survived in a manner that challenges
the parallel and inspires hope and con-
fdence in their future sU tcess.''-
Whatever adjustments Of revenues and
rates remain to be made for the steam
railways, a deficit from operation last
year has been replaced by earnings, pos
sibly 5000, 900 900 or more, for the twelve
months
UNEMPLOYMENT
HAS DECREASED.
Unemployment has decreased. Some
where between 100000 and 1000, 900 per-
sons, unemployed four months ago, have
been put to work, according to Govern
ment authorities
Wholesale prices have the most direct
relation to general business conditions
In May, 1920, they were at their peak
272 per cent of the 1913 level In No
vember of last year they were 207 and
by December had dropped by is points.
In November of this year they stood at
149. The prospect is that the tumbling
Of prices we have seen is at an end and
that their further downward course will
be brought about largely by process OF
competition and the laws Of supply and
demand, T. e., by processes Of our normal
economic life.
The banking system has greatly i'm
proved during the year.
Between November OF last year and the
end Of November, 1921, a little better
than half billion dollars Of the national
debt was retired and the monthly cost
Of running the Government was got down
from a figure that kept near 100000, 600
to one that bears about the same relation
to $500, 800, 0O9.-Copyright, 1921, by In
ternational News Service.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24

concerning land ornaments and the in
ability Of the administration to do any
thing regarding revision of the Versailles
treaty.
NO CONNECTION WITH
LEAGUE OF NATIONS.
Then the President, in answer to
another question affirmed the total dis
connection Of the League Of Nations with
any action taken by the Washington con-
ference.
1t was at that juncture Mr.. Harding
delved deeply and almost passionately
into the program recorded by the past
year in the realm of peace and inter
national understanding. He declared he
believed with all his heart that progress
had been achieved. The United States
had not made any greater contribution
than other nations Of like Importance and
like civilization. He was nevertheless
convinced that 1921. with its fuller rev.
elation of the aftermath Of the World
War had produced a new conviction in
the hearts Of men. They had come to
realize war was the decidedly wrong way
Of settling disputes and that mankind
would be unworthy Of its opportunities
and blessings if it did not invent some
means of righteous adjustment other than
an appeal TO slaughter and its attending
destruction.
PRESIDENTS BELIEF
IN MANKIND.
The President is convinsed the Wash
ington conference is the worlds express
sion Of desire for a better order OF
things. Men are sitting about the con-
ference table looking each other in the
eve and coming to agreements without
passion Hitherto nations have made
war. destroyed thousands Of millions OF
men, and measureless treasure and then
Gathered around a table 70 settle their
differences and problems. Mr.. Harding
has a feeling, perhaps, mankind has be-
come wise enough to sit down before
war when there Is dispute that
menaces the peace Of the world. Pre-
cisely that, in the Presidents view is
the object of :he sOur-pOwer treaty just
concluded in Washington. That is why
he attributes no significance TO any dis
agreement over construction. If there
were a menace to peace in Japan Mr..
Harding can conceive no objection to
the United States sitting down with its
friends in the Orient and seeking a way
to avoid conflict If Austria and Serbia
had done that there would have heea
no European war in 1914. The whole
object Of the Washington conference,
the President stressed. is to arrive at
some way Of compromising differences
before resorting to war. He is persuaded
that is what Is in the American heart,
in the British heart, in the japanese
heart. in the French heart. in the Italian
heart, and in hearts throughout the
world.
Mr. Harding's creed can be epitomized
in the statement that II present day
civilization is incapable of taking ad-
vantage Of the new spirit that pre-
walls. civilizations future holds little
hope.-Copyrght, 1921 by Public Ledger
Company.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24

prominent in engineering circles and an
expert on tool equipment and gear cut
ting devices.
The Stevenson Gear Company manufac-
lures n gear cutting machine. known as
the Stevenson multiple process. whereby
gears are cut simultaneously rather than
one at time by the standard gear cut
ting machines. The company can make
gears for automobile manufacturers and
all other companies using gears, such as
cash register concerns and saw manu-
facturers.
Among the directors Of the company,
In addition TO Mr.. Starkey, are w. I.
Wingo. president of the Superior Ma
chine and Engineering Company. De-
troIt, Mich. formerly Of Brown & Sharpe
Manufacturing Company; G. f. Steven
son, inventor of the Stevenson process
and president of the company. Indian
apolis; Elwood Haynes, president Of
the Haynes Automobile Company, Ko-
komo; G. r. Stevenson, S. McQuiston and
T. L. Stephenson, Indianapolis.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24

crisis, and its causes, reached conclusions
of fact that are reassuring. From its
statements ii would follow that agricul-
ture can look forward with much con-
fidence to the future, with an increasing
demand for what 1t has to sell
Other producers Of raw materials seem
to have improvement in sight.
Copper producers Of raw materials
seem to have Improvement in sight.
Copper is finishing the year with a
remarkable squirt, one that has already
regained mucn OF the ground lost earlier
in 1921" according to a leading trade
Journal.
THE great basic industry Of steel did
not go so far downward as copper, and
has shown a good degree of recovery
since last July"
COAL INDUSTRY TO
ESCAPE HANDICAPS.
The president Of the organization of
bituminous coal operators expresses Il
belief that "the bituminous industry will
emerge from the period of depression
without many of the handicaps of the
past period"
1.-THE -four milling industry" according
to an authority, has faced periods which
were far more severe than any recent Oc-
currences"
Outside OF tn metals group, our i'm
portant industries today have an actual
production Of goods as great or greater
than before the war. Some Industries are
working at a ratio which reflects the
impulses which are coming from the gath
ering Of strength which is going for
ward.
The production Of cement has broken
the record for any month.
Cotton mills IN the South are reported
in some instances to be operating with
night shifts.
Shoe factories in various districts are
said to continue" extremely busy.
Paper mills making newsprint in No
vember produced at IS per cent of the
capacity that attained at the time Of
the greatest activity, in 1920.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
Taken From Hospital
to County Jail

Garland Snepp. 36, 419 South Noble
street, alleged burglar, was brought In
from the city hospital to a cell room at
police headquarters today, where he Is
held under q bond of s., 500 on charges
OF petit larceny and burglary. Snepp
has been in the detention ward at the
hospital since Dec. 10, recovering from
shot wounds said to have been received
while he was escaping from a grocery Of
w. Towley, COS Fletcher avenue. Homer
Montgomery. go Fletcher, shot Snepp
when the later refused to obey the COM
mand to stop. Snepp has a police record.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
FIND ARSENAL
OF EXPLOSIVES
Sim Fein Headquarters at
Glasgow Raided by
Police.

GLASGOW, Dec. 2+.-Enough explosive
to blow up this city was discovered when
a heavy force of policemen raIded a secret
Sim Feln arsenal today.
The arsenal was located in parochlal
hall in Fullerton, a suburb. The police
men surrounded the building and then
forced an entrance. Thirteen men were
taken by surprise. They started to put
up a tight bur surrendered when the po-
lice drew revolyers and threatened to
open fire.
In addition to n tremendous quantity
Of gelignite and dynamite. the police
found many rifles, revolvers, bayonets
and bombs.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
Illinois Town in
Flames; Wires Down

ALTON, H., Dec. 24.-The business
section of Brighton, ten miles north of
here is In flames, according to reports
reaching here today. Telephone and tele-
graph wires to Brighton are down and
no details concerning the confagration
could be ascertained.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
FLOOD MENACE
IN CINCI REGION
Excessive Rains Put Many
Streams Out of Banks.

CINCINNATI, Dec. 24-As a result Of
the recent excessive rains Cincinnati and
nearby districts are threatened with
flood that promises to bring much suffer
ing and damage.
The Ohio River has risen eighteen feet
in the past twenty four hours. Big and
Little Miami and Licking River and Mill
Creek are all flooded beyond their banks
and emptying torrents of muddy water
into the Ohio.
The food stage of fifty feet is ex-
pected to be reached here within a few
hours, according to Weather Forecaster
Devereau.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
Debs VIII Fight to
Free His Friends

ATLANTA. Ca, Dec. 24-Only Eu-
gene Debs desire to hasten with his
wife in Terre Haute will keep him
from going directly TO Washington
on his release from the Federal prison
and appealing to President Harding
for freedom for all the so-called politi-
cal prisoners, close friends Of the So
cialist leader, said today.
He will not be reconciled to his own
release until all war offenders now
serving sentences are freed. they de-
clare, and predict that after a short
rest IN Terre Haute he will make a
personal plea to the President at
Washington
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
DIES AT WHEEL

BURNLEY, England, Dec. 4.-Thomas
Ellington, a merchant, who was driving
his own motor truck during a strike, died
Of heart disease while guiding the truck
down a steep hill, and fell from the seat.
The truck dashed on and killed a man
and a woman before it was wrecked.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
Arkansas Cyclone
Causes Nine Deaths

EARLE, Ark, Dec. 24.-Eight negroes
and one white man were killed In a cy-
clone which practically wiped out Clarks-
dale, Ark, a dispatch received here today
stated Relief workers from surrounding
towns are caring for the injured and
searching the ruins for bodies.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24

Continued From rage OneJ
said. ''But it's his Christmas dinner,
and he will understand"
A pair OF soft carpet slippers and a
dark bath robe were neatly laid out in
Debs' large library. They were not new.
81 just thought 1 would have them
handy for him." was her comment.
The fact that Mrs. Debs has not re-
ceived any direct word from her husband
since his release was ordered last night
did not worry her. "What would be
the use Of a telegram when she knows
his heart was in the comfortable frame
house in Terre Haute" her gray eyes
asked.
Several punches Of flowers-sent to the
Debs' house by local business men-were
on the dining room table. Also there
were some books from all over the
country. and hundred or so Christmas
presents.
"They always remember Gene" she
said proudly.
As Mrs Debs pottered about the
house rested to conserve her strength
and pottered again, it seemed as though
every one in Terre Haute had when"
on his lips.
Debs viii have q triumphant entry into
his home town.
Business men, coal diggers, professional
men adm others will be at the station. to
greet the unfettered Gene and four time
candidate for the presidency.
Terre Haute and nvirOns have no
worry about tn charges of violation Of
tn aspionag act that sent Debs to Jail
during tn war. The fact that he is a
Socialist does not bother them even down
here in Indiana where politics are taken
seriously.
Theirs will be the greeting Of one who
has taken his place among Indiana's
great the bosom friend of James Whit
comb Riley, Bill Nye, Colonial Maynard,
Eugene Fields and many others.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
OHIO MAN COMES
TO LOCAL PLANT
Named Directing Engineer of
Stephenson Gear Co.

W. c. Starkey. who has been chief en-
gineer II the Ohio Brass Company. Mans
field. Ohio, for number Of years, will
become vice president ana directing en-
gineer Of the Stevenson Gear Company.
indianapolis, Jan. l. Mr.. Starkey is
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
ROAD FOR FIREUoOD.

LONDON, Dec. 24.-Within three days
after Upper North street had been paved
with wooden blocks, residents Of Poplar
had torn up the pavement and stolen
"a 900 blocks for firewood. Six men and
woman were arrested, but escaped with
small fines.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
SPLIT RAIL CAUSES WRECK.

PITTSBURG, Kan. Dec. 24.--Two
coaches Of n Frisco passenger train wers
derailed at Dais> nm. near Weir. today.
Several passengers We're injured, none
seriously. The wreck was caused by 4
split rail lie to cold weather
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24

American business has struck clear
of the depression and is again on the
high road to prosperity.
This is the cheerful message which
Joseph IL. Defrees, president of the
Chamber of Commerce of the United
States sends to the business men of
America today, as the old year wanes
and the new year dawns.
american business" he says, "is
gathering strength"
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
bht r. HOLDS
VALUATIONS ALIKE.
KENTUCKY TROOPS CALLED

NEWPORT, Ky, Dec. 24-state troops
sent here to quell disturbances arising
as a result Of a strike Of steel workers
took charge of the situation today. -Four
companies Of guardsmen arrived in tho
city in the early forenoon.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
ASHBY THINKS
SALE OF BONDS
WRONG ACTION
Opposes Indiana Electric
Corporation Proposal to
Buy Plants.

The granting Of the petition Of the In
diana Electric Corporation for permission
to issue SIS 10000 IA bonds for the pur-
chase of seven Indiana utility plants
would be a step in the wrong direction,
Samuel Ashby, corporation counsel for
the city of indianapolis, declared In a
brief filed with the public service com
mission today. Mr.. Ashby contends that
the securities which the corporation seeks
to Issue are in excess of the value Of the
property which would be back OF them.
1t is amazing, Mr.. Ashby declares that
the petitioner should cont md that the
commission has a right tc fxe the prop
erty value at $1S,496 900, He points out
that the total value Of the securities now
outstanding Is only Sl5(220,50
In discussing the valuations. Mr.. Ash
by contends that there lis no argument
for the contention made by the petitioner
In this case that the commission is not
bound in any way, shape or manner, and
Will not be bound In the future in estab-
fishing valuations for rate making pur-
poses by the valuation it seeks to estab
llsh in this matter for the Issuance Of
its stocks and bonds. He argues for the
consideration of The cost OF the property
in making valuations.
Continuing the discussion Of valuations
In connection with the Issuance Of Sc
curities, Mr.. Ashby quotes the law
which requires that no public utility
shall issue securities except for money or
property.
BRIEF HOLDS
VALUATIONS ALIKE.
Valuations for rate making purposes
and for the issuance Of stocks and bonds
are the same. the brief contends. A large
part Of the brief is taken up with the
| discussion Of this subject. Mr.. Ashby
then goes into a discussion Of wartime
prices as a basis for valuations, declar
ing they are unfair
Other sections Of the brief discuss the
emergency relief which has been granted
each Of the utilities involved, the conten-
tion that utilities have no right 10 cap
italize appreciation, the contention that
actual cost OF utility property is the
measure Of value. the proposed central
power plant, the valuations placed on
the property by the commissions en-
gineers, and various other phases Of the
case.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24
ERROR CAUSE
OF DELAY IN
DEBS RELEASE

CONTINUED From Page one)
Draugas. [volume] (Chicago, Ill.) 1917-current, 1921-08-20
BoI,sEVIKAI sUTIKo SU
AMERIKOS PAsELPA.
Prieme jie paduotas S. v.
Salygas.

RIGA, rugp. 20. Pra-
neSta, kad Americas paselpos
organizacijos reprezentan-
tai pagaliau padare salygas
su bolseviku Representatives.,
ikaip lures but selpiami ba-
daujq rusai gyventojai Rusl-
joje.
Bolsevikai ilgas laikas ne
sutiko (su dviem salygom: Jie
nor6jo apribuoti skaitllu pa
.Selpos administrators darbl-
ninkp siunGiamq Rusijon, If
nor9jo pasilikti teise be ME
kur-nieko pasalinti is Rusijos
nepatinkamus paselpos dar-
bininkus.
Su tuo> grieztai nesutiko a
merikonai. PaSelpos admin
stracjios reprezentantai pa
reiSid, jog Rusijon paselpos
darbininku bus siunciama
tick, kick reik6s. Gi prasa-
lint darbininkus uz nusizen-
gimus turi teise ne bolSevikQ
valdzia, bet patys tn monlQ.
virSininkai.
Kuomet amerikonai laikesl
stipriai to nusistatymo, boise
vikai tur6jo nusileisti.
Po athktQ formalumQ bu-
rvs paSelpos darbininkQ, sa-
koma, pirmiausia leisis ! Pet
rograda If tenai prades mai
tinti badaujancius vaikus.
Draugas. [volume] (Chicago, Ill.) 1917-current, 1921-08-20
METAI-VoL. VI No. 1876
tankiai pestynes atsikartoja,
pasigerusiu keiksmai, burno-
jimai piktina gerp zmoniu
jausmus.

RASEINIAI. L. K. Mote
riq draugijos skyrius cia Ia
20 sutvertas vasario 26 d,
1920 m. Per ta lailza pada-
re 8 valdybos If 9 viesus ma
riQ susirinkimus. Buvo SUI SUI:
rengtos paskaitos, kalbeta:
/" "Moteriu organizacijos tiks-
lai," "Steigiamasis Seimas,
/" Nepaprasta valstybes lido
paskola," "Vilnius Lietuvos
sostine il jos reiksme Lietu-
vai."> Draugija daug prisi-
dejo savo agitacija rinkimuo~
Sc j st. Selma. Surenge va
kara draugijos naudai ir slap
uoliai darbuojasi visuomenes
labui.
Draugas. [volume] (Chicago, Ill.) 1917-current, 1921-08-20
PRUsU LIETUvIU TAUTos
TARYBOS PAREIsKIMAS.

Kuomet Klaipedos krasto
vokieeiai valdininkai ir kit
maldauja Santarves prlpazln-
ii 81 krasta nepriklausoma
valstija, 0 lenkai ir jq Sail
ninkai, priskirti prie Lenki-
jos, ka gi Prusp lietuviai da-
TO. Jie taipat sujudo If stal
Prusq lietuviQ susivienijimo
tautos iteike vyriausybei San
tarves komisarui pareiskima,
kuriame prirodo, kad u Klal
pedos krastas nuo senq Sc
moves priguEejo ietuviams II
dabar dauguma gyventojQ y.
IA lietuviai, todel ir tapo nuo
Vokietijos atskirtas; q kad
Sis kraStas savarankiskai gy-
vuoti negali, kaip matytis is
tn vienu metu gyvayimo, nes
reik6jo atsivezti duonos is
Lietuvos ir kitur uz II milo
NJ markiq, prekyba bemazko
visai sustojo, o pramonijos
didziausi dalis taipat turejo
apsistoti del medziagos sto-
kos; 81 kad didziausios kras-
to iplaukos, veik 30 milionq,
gautos is prekybos su Lietu-
va, il A. to kraSto tautines
salygos reikalauja, kad butQ
Lietuvai.
Draugas. [volume] (Chicago, Ill.) 1917-current, 1921-08-20
VOKIETIJA zENGIA PR
MYN SU PIRKLYBA.
spejama, kad pasaulio pirk-
lyboje uzims pirmaja
vieta.

WASHINGTON, rugp. 20.
= Pc karo vokieciai greltal
atkiunta. Visonlis jegomls
,jie darbuojasi atgauti savo
prek6ms turgavietes S. Val
stijose. Kas tiesa, pasaulio
.pinigQ kurse vokieeiq marke
nupuolusi. Teciau ia padetls
vokieeiams daugiau lgelbsti,
negu kenkia, kad atgauti ella
ir kitur savo buvusias turga-
vietes.
VoheGiai Siandie perka Vi
sokiq produlStp kuomaziau,
bet prekiq parduoda kuodau-
giausia.
Vlet0Je plglau pafuuotl sa-
vo prekes siuneiamas Suv,
Valstijas, jie uzdeda Amerl-
kai atatinkamas kainas. lr
tokiu budu padaro gerus pl-
nigus.
suprantama, is suv. Valsti
jp jie turi parsitraukti kai-
kokios zalios medziagos. Bet
tai daro labai atsargiai If srl
nuodugniais atsiskaitymais.
Imkime kadir zalia (neis-
dlrbta) medyilne. siandie
medvilnes svarui mokama
iau tik 13 centu. Vokieeiai
Draugas. [volume] (Chicago, Ill.) 1917-current, 1921-08-20
LLOYD GEORGE STOW Uz
sUTARTI sU JAPONIJA.
Tame nemato Suv. ValstlJu
nepasitenkinimo.

LONDONAS, rugp. 20. -
AS nesuprantu, kodel nebu-
tn galima tureti omenyje mu-
81 privaFumQ link JapomJoS
ir palaikyti drauginguma su
taja didele Salimi II tuo pa
Giu laiku tureti broliSkumo
dvasia su Suv. Valstijomis,
pareiSk4 premieras Lloyd Ge-
orge parlamente kalbedamaS
apie Anglijos su JaponiJa So
junga.
"Pastarojo karo metu bu-
70 tikras tos sajmgos. isme-
ginimas,' pazymejo jis, III
kas VIA su atsidejimu temi-
les. tasai visuomet gall prl-
pazinti, kad Japonija ylsaS
Iaikas iSbuvo iStikima saJun-
gininkams.'
ToIiau Lloyd George pa
reiSk6, jog Britanijos su ia
ponija sajungos prailglnl-
mas nereiskia, kad sajdnga
prizes ka nors butp atkreipta,
tue labiau, kad j turetq but
atkreipta prizes Suv. Falstl-
jas.