davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-07-16

NEW YORK, July l5.-The
amount OF trading which originated
outside the stock exchange today
was barely perceptible, but lit was
SO concentrated as to cause sharp
reactions in numerous industrials
and thereby opened the way for a
general selling movement In the
afternoon. Bear pressure was con-
centrated with some success on
such stocks as General Electric
Crucible. Bethlehem Steel, American
woolen. Steel Common, Baldwin
and American International. On a
rumor that there had been some
hitch in the negotiations between
railway executives and government
oficiaIs looking toward an agree
ment on q funding plan. the rail-
road stocks. notably Chesapeake
and Ohio, Northern Pacific. Read
ing. Rock Island and Baltimore and
Ohio. reacted sharply in the after
noon. The damage was done be-
fore the rumor could be denied.
Before today the shorts who were
selling General Electric stock used
only the argument that the con-
tinuance OF stock dividends at the
rate OF 4 per cent annually was
doubtful and that the stock simply
on an per cent cash basis was not
entitled to its high market posi-
tion. While today's selling was 60
Ing on, however, one could hear In
almost every brokerage house ex-
pressions of doubt about the nature
of the business which the company
is said to be booking at rate
somewhat in excess OF so per cent
of capacity. Whether these book
ings represent real orders without
any strings attached to them or
simply inquiries to await specihca-
tion-that was the question raised.
And the discussion of this subject
was not confined to those houses
whose customers are known to have
taken an active besrish position on
the stock. General Electric stocks
sold down steadily, going below
l2o around midday. This price
compared with previous low of
l20h and with a high Of 13sh on
March IS. Il sold as high as l12
last year and 17s in 1919.
In the case of Westinghouse there
was no stock dividend to be con-
sidered. but this company and Cen
eral Electric are engaged in prae-
tically the same line OF business
and is therefore under the same
trade influences. Westinghouse de-
ciined a point establishing new
low for the year. A price OF II u
on this stock (par value $500 is
equivalent to SO. or 81 points less
than General Electric. Both re-
ceive a cash dividend of per cent
There were reports of a rate un-
The Washington herald., 1921-07-16
MILLION CORDS OF
ALASKAPULPWOOD
SOLD BY SERVICE
Alaskan-American Paper
Corporation Purchases
Huge Tract.
$4,000 ACRES IN AREA
Contract Price 60c for Spruce
And Cedar and SOC for
Other Species.

One million cords of pulpwood on
the Tongass National Forest. Alaska,
has Just been sold by the Forest
Service Of the United States De-
partment of Agriculture to the
Alaskian-American Paper Corpora
tion. The timber Is located along
the east shore of the Benin Canal,
ReviIlagigedo Island. about thirty
two miles from Ketchikan, the
largest city In the Territory. The
contract price Of the timber was so
Gems per 100 cubic feet for spruce
and cedar. and 80 cents per 100
eubic feet for all other species. The
sale area covers $4,000 acres ana
extends for fifty-five miles along
the coast. Twenty per cent of the
forest is spruce. 6s per cent hem
lock and IL per cent Alaska and
western red cedar.
Conditional Award.
A conditional award has been
made by the Forest Service to the
company, pending approval by the
Federal Power Commission of their
application for a hydro-electric
power license. The timber sale
contract covers an initial period Of
thirty-two years. or until 1883. The
price of the stumpage will be rc-
determined and fixed by the Fed
eral government in 1928, and every
five years thereafter. Cutting must
begin by October 1, 1928. thus al
lowing two years for organization
and construction of improvements.
The contract also requires the es-
tsblishment of a pulp mill of not
less than twenty-five tons capacity
by October 1. 1926. A yearly cut
of from $500, 900 to 100000 cubic
Feet is contemplated.
4 In Line with Policy.
The award of this sale Is in line
With the general policy of the For
est Service for making available
the timber resources of Alaska as
a means of increasing the supply of
pulpwod for the United States.
The National Forests of the Terri
tory probably contain 100, 0,000, 900
cords of timber suitable for the
nanufacture of newsprint and 9TH
er grades of paper Under scien-
tinc management, experts say that
these forests can be made to pro-
luce 100000 cords of pulpwood an
nually for all time. or enough to
manufacture one-third of the pulp
products now consumed in this
country.
The Alaska forests also contain
the second chief essential of the
pulp and paper manufacturing in
sustry. namely, water power. No
iccurate survey of the power re-
sources has yet been made. but
known projects have a possible de-
yelopment of over 100.000-horse-
power, and IL is believed that a
complete exploration of the Ma
tional forests in Southern Alaska
will show not less than 250,00o po-
tential horsepower that can be de-
yeloped from water.
Forest Service cruisers are now
working in Alaska collecting data
Tor further use and Development of
the forests One block of timber
containing 335.000. 900 cubic feet
.npugh to keep a 100-ton pulp mill
running. has been advertised and
Is now ready for sale.
The Washington herald., 1921-07-16

There were reports Of a rate un-
der 6 per cent today for time loans
based on Liberty bond collateral,
but It could rot be ascertained
whether any loans had actually
been made on such terms. Bor-
rowers were bidding 6 and 6h per
rent for ordinary time loans backed
by mixed collateral and u per, cent
The Washington herald., 1921-07-16
MORE GRAPE JUICE
THAN MARKET REQUIRES
Reduced Consumption Depresses Industry
Which Furnishes Outlet for Grape Surplus.
rON HERAID ECONOMIST.) y

HERALD ECONOMIST.)
Southern California regions, Is In
dicated by the record OF carlot ship
ments reported by the railroads to
the Bureau of Markets. which is as
follows:
SHIPMENTS OF EASTERN COMMERCIAL
GRAPES.
The Washington herald., 1921-07-16

(By THE WASHINGTON
-HE grape juice industry was
popularity supposed to be the
- chief beneficiary OF the Vol
The Washington herald., 1921-07-16

[tkheu by W. d, Hioot . Vos, lnembel
New York Cotton Exohange.)
New-York tribune., 1921-01-06
Wealthy Man Is Arrested
On Suspicion of Murder
Admits Having QuarreIed With
Victim, Whose Body Is Found
in Woods Affer Shooting

QUINCY, Mass, Jan. 5.--Caleb L.
Cunningham, d wealthy resident of Mil
ton, was arrested on suspicion tonight
after the body of John Johnson, fifty
two years aid, of West Quincy, had
been found in patch of woods known
az Cunningham Pines, and owned by
Cunningham.
Johnson had been shot. The police
said Cunningham admitted that he had
quarre ed with johnson this afternoon
johnson left home this noon to cut
some wood, and when he failed TO re-
turn at his usual time, his wife notified
neighbors who organized searching
party. His body was found lying face
upward under a pine tree with Il bullet
wound in the left side. The axe which
he had been using was missing.
The police found shotgun in Cum
ningham's home. Tomorrow they will
drag a pond on Cunningham estate in
an effort to find the axe. Another gun,
according to the police, also will he
sought, but they refused to explain the
nature of their suspicious.
Cunningham was asleep when officers
went to his home and arrested him.
They said that he made no statement
with regard to the caseg further than to
say that he had had words with johnson.
New-York tribune., 1921-01-06
cial officers Some of the reactionaries
would have the program go even

cal officers. Some of the reactionaries
would have the program go even
further.
In the Assembly Joseph Steinberg, of
New York, served notice that he would
in the near future introduce motions to
amend the rules of the House along
lines suggested by the Citizens Union
and the City Club. She purpose Of the
proposed amendments are to end .og-
rolling and liberalize legislative pro-
cedure. One of the principal reforms
sought is the abolition Of the r,orgue,
where members legislation often is
LAID.
Ass.mblyman Charles II. Belts, of
Wayne, introduced his two daylight
saving bills. One repeals the day
light saving law, the other permits
local option on the question. Assem-
blyman Belts, who is editor of The
Lyons Republican, also introduced a bill
to repeal the law requiring the print
ing Of the sessions laws. This meas
ure carries out recommendations made
by Governor Miller in his first mes
sage to the Legislature. The printing
of the session laws and concurrent re-
solutions last year represented an out
lay of more than S1,000,0O0.
A number of bills designated to
curb the crime wave in New York
City by providing for the lengthening
of the maximum sentences for feon-
les, were brought before the Legis-
lature. A bill introduced by Senator
w. V. Tolbert, Republican, of New
York, would make any person con-
vcted of burglary in the first degree
liable to Imprisonment for life.
New-York tribune., 1921-01-06
Minority Heads Express
Admiration for Message
Walker and Donohue Say They
Viii Help to Ciue Effect to
the Plans Of the Governor

from u StdV Correspondent
ALBANY, Jan. 5.-Not a single word
Of adverse criticism was uttered by any
member Of the Legislature on Governor
Miller's first message. Praise came from
the leaders of both parties, as we'll as
from the rank and file.
No sooner had the message been read
than Asscmblyman Charles D. Donohue
minority leader of the Assembly, and
Senator James J. Walker, leader of the
minority in the upper house, penned
the following statement:
"Governor Miller's proposals for
Of the Democratic party in the Legis-
lature. His first message is commend
able. In fact. we can pay him no higher
compliment than to say that much Of it
reads as if it had been written by Gov
ernor Smith. 1t is to be hoped that the
partisan reasons which led our Repub-
lican opponents to deny support to
Governor Smiths reconstruction pro-
gram having now disappeared, the state
may speedily enjoy the benefits of con-
solidation, abolition Of unnecessary
places and reduced taxation"
Safe Path Indicated
The Republican leaders pledged them
selves unqualihedly to support the Gov
ernor's program.
Senator Clayton r. Lusk, majority
leader of the Senate, said: IL am heart
lily III sympathy with the recommends
tons made by Governor Miller and will
do all in rny power to see they are
carried out"
Speaker II. Edmund Machold. of
Jetferson-"The Governors message
impresses me as being document
which clearly shows the path we must
follow to a return to safe economic
terra firmn."
Lieutenant Governor Jeremiah Wood
Of Nassau-"Governor M;llcr's message
contains plea for economy that can
not be ignored. The adoption Of The
recommendations VIII prove of ire
mendous value in restoring an eco
nomic and sane form Of administra-
ton"
Senator Theodore Douglas Robinson
THE Governors message is no sur.
prise to those who know him. 1t is a
message which embodies 4 program Of
reforms administrative and economic
which will meet with the approval of
practically every citizen in the state
irrespective of politics. 1t is a cork
ing fine document which will long re-
main a Standard
"a Real Governor
Senator Charles c. Lockwood: at is
a practical, big business message in
! line with present business conditions.
We must retrench, economize and in
crease production"
Simon L. Adler, OF Rochester. Assem-
bly, Republican floor leader: II am in
absolute accord with Governor Miller's
plan and shall do all in my power to
further its adoption"
Assemblyman Joseph Steinberg, Of
New York: "For the first time since
nave been a legislator we have real
Governor. If there remains any doubt
In any ones mind that the Governor is
the best we have had in years Il read
ing OF Governor Millcr's message will
dissipate it,"
J. Henry Walters, former majority
leader of the Senate: MY opinion as
a private citizen is that Governor Miller
has submitted a wonderful message. 1t
! IS the strongest read in the Legis 4ature
during my legislative career"
New-York tribune., 1921-01-06
1926, 900 Are Jobless.
Labor Inquiry Show.

WASHINGTON, Jan. 5.-A total Of
2,325,00O workers arc out Of employ
ment in the country, according TO a
survey Of the industrial situation made
New-York tribune., 1921-01-06

Albany I have repeatedly stated that l
was not in public life. felt that there
was no office within the gift Of the peo-
pie of New York which would tempt
me-" Mr.. Whitman said yesterday.
"However, if there is any public serv-
ice l can render" he added, II feel
that I should perform that duty. Mr..
Swami has asked me to assist him. He
has offered to give me free hand and
has placed at my disposal every facil-
ity of his Office. Under the circum-
stances | felt I should accept, and !
will make every effort to get at the
real facts-the truth--of the situa-
ton"
Mr.. Whitman will decline to examine
either Senator Robinson or Assembly
man Steinberg when they appear be-
fore the grand jury in response to sub
pnras.
1T became known yesterday that Mr..
Whitman plans to carry his invest-
cation into every city department, in
Guiding the office Of Mayor Hylan.
While limited to the Borough of Man
haitian apparently. Mr.. Whitman feels
that he can make the investigation
spread throughout the other boroughs,
because the head Offices of all depart
ments-such as the police, finance,
fire, etc.-arc located in Manhattan,
and all orders are issued there.
Mr.. Whitman also plans to make his
Investigation non-partisan. He refused
it was said, to accept the assignment
until Mr.. Swami assured him that
he would be permitted to conduct the
investigation in his own way and have
the right to choose his own assistants.
Mr.. Swami will not appear in the
grand jury room nor will any of his
assistants. There will be no inter-
ference with the methods employed by
Mr.. Whitman in examining witnesses,
it is said.
New-York tribune., 1921-01-06
Theater Zone
Traffic Plan
Gets First Test
One-Way System for Autos
Causes Some Confusion.
but the Sponsor Says it
Will Prove a Great Success
Curb Crowds, w atch Trial
Hundred Extra Police ON
Duty; Alderman Hubbard,
Caught in jam, Protests

The new traffic regulations for the
theater district went into effect last
night. According to DR.. John A. Har-
riss, Special Deputy Police Commits
sioner in charge of traffic, they demon
strated their success in expediting
traffic.
"Lots of wrinkles have got to be
ironed out" said Commissioner Har-
riss, who spent the evening watching
his experiment at Times Square, "but
1T was very successful first night. Of
course, it is to be expected that the
average driver will not grasp our plan
Immediately, but will need some in
struction. | think that in weeks
time, with the proper sort of educa-
ton, traffic in the new zoned section
Will be operating as smoothly as on
Fifth Avenue. If people will be little
tolerant | think things will work out
splendidly.'
Alderman Angry
Alderman Charles II. Hubbard, chair
man OF the traffic committee Of the
Board of Aldermen, whose car was
caught in the one serious jam Of the
evening, which tied knot in traffic at
Forty-second Street and Seventh Ave-
nue. that took fifteen minutes to un-
tangle, was far from being so sam
guine concerning the new plan.
"You will hear from me later" he
said when asked for his opinion. at
took us twenty minutes to get dsen-
tangled from that shamblcs at Forty
second Street"
Generally motorists proceeded in ac-
cordance with the new rules without
much evidence of confusion and PEE
destrians seemed to find it easier to
negotiate crossings. At some points
passengers alighting from streetcars
found it bewiidering to have a stream
OF northbound vehicles on the west side
Of the street and had some difficulty N
reaching the curb
The Forty second Street jam ap-
peared to have been caused by motor
lists who encroached on the tracks used
by southbound trolley cars, ohlivious
OF the fact that the trolley cars were
following their usual courses.
One hundred extra policemen, in
cluding score of motorcycle men,
were on duty in the ncwly-created zone
under command Of Inspector John f.
OBren and Captain Tony Howe. They
probably will be on duty there for about
a week. Broadway and Seventh Ave.
nue. traffic is regulated by lights on d
standard in front Of the Hotel Astor
and operated on the same system as
those on Fifth Avenue.
Crowds lined the curbs of Broadway
and Seventh Avenue to watch the test
of the new system.
New-York tribune., 1921-01-06
Untern,yer Criticizes
Department Of Justice

Samuel Untermyer telegraphed his
doubts concerning the efficiency of the
Department of Justice to State Senator
Charles c. Lockwood, chairman Of the
joint Legislative housing committee,
yesterday, admitting, however, that
gooo judgment had been exercised in
selecting William Hand jr. and Isdor
Kresel as special counsel for prosecu-
vestigaton.
"The memorial to Congress was de-
cided upon in sheer desperation over
the hopeless ineffciency and deIiber-
New-York tribune., 1921-01-06
Inquiry Bares
Bonding Firms
Bail Methods
New Amsterdam Casualty
Company Gave Strangers
Powers of Attorney, Its
Vice-President A d mits
Agent Withholds Books
Woman Charges $4,000
Ring Was Taken From
Her; Gets Pawn Ticket

Yesterdays session Of the ohm Doe
investigation Of practices of local
surety companies in providing bail for
persons accused Of crime, held before
Magistrate George W. Simpson. in the
Criminal Courts Building, developed
that the New Amsterdam Casualty
Company, of 80 John Street, empowers
comparative strangers to write bail
bonds as high as $4,000 in its name.
Thomas L. Purdum,> vice-pre sident
OF the company, admitted when ques-
toned by Assistant District Attorney
Ferdinand Pecora that these men re-
celved powers of attorney to. act as
agents OF. the company on the rec
ommendation Of Louis Topper, its gen
eral agent, and that the records Of the
men had never been inve stigated. Pur-
DUN admitted that, with two excep-
tions, he had never met any Of the
mon so authorized to act for the COM
pany until the John Doe hearing was
begun.
Refuses to Bring Books
1T also was developed that four O..
these agents who derive their powers
to write bail bonds from the New Am.
sterdam Casualty Company were in the
SiiPiOy oI Joseph -. topper, OF 1lb
Centre Street, although the latter had
no connection with and was refused
power of attorney by that company.
sidelight on Joseph Topper's al
legged methods of doing business was
disclosed by the testimony Of Irving
Gordon, Of 125 East 117th Street, an
optician, who ssid that when his
brother-in-law. Jack Lewis, was arrest
ed, charged with burglary in the third
degree, he was approached by Topper,
who said he would "go bail" for the
man, the amount being $500. Gordon
testified that he signed an agreement
giving as security ninth interest in
the estate of his father, Louis Gordon.
Woman Tells of Ring Deal
A short time after he had been re-
leased ON this bail Lewis disappeared.
and Topper, it was testified, went to Cor,
don's place Of business demanding addi- |
tlonal collateral, according to Gordon. |
They both rode out to Brighton Beach
in Topper's automobile. where Gordon's |
wife was staying for the summer. and, |
New-York tribune., 1921-01-06

ate inaction of the department" he
said. Apparently they had been
finally driven to an appearance of ac-
tlVity by my insistent demands, as evi-
denced by the appointment yesterday
of Messrs. Rand and kresel
Both Of them are admirable selcc-
tions, although the fact that they are
partners indicates, fear, that we shall
net get all their time How far these
gentlemen will be permitted to proceed
against the powerful Pennsylvania
steel and cement manufacturers, who
are primarily involved, remains to be
seen, but the fact that the Departments
has at last been forced to see the light
is encouraging"
New-York tribune., 1921-01-06
Woman Legislator Tells
Men TO Keep on Smoking
Members of Connecticut Assem-.
bly, Greet First Speech of Mrs.
Hooker With AnnIa,.sn

HARTFORD, Conn, Jan. 5.-Mrs.
Hooker member of the General As
scmbly, made her first speech before
that body to-day, when it held its first
session. 1t was received with applause
81 did not expect that my maide1
speech IN the House would be unon
tobacco Mrs. Hooker said, "but | de-
sire to say that l trust the gentlemen
Of the House will keep on smoking i
they desire, just as if there were no
women members"
New-York tribune., 1921-01-06
Sc. Su2Ro g. @omtonY
SHIRTN11AkER

Announce substantial Price Reductions
on Shirts To-Measure. These concessions
are made, regardless of cost, to meet the
general demand for lower Prices.
Many well-to-do men have refrained from,
buying Shirts of the better quality now
tor some time, owing to high prices.
Therefore, although we are constantly
doing remarkable business, we believe
that immediate price revisions will hasten
the process of bringing about a quicker
return of normal business activity.
A..s~4 Prices from $500 upward
New-York tribune., 1921-01-06

later demanded 1922 for expenses IN,
Cured in bringing Lewis back from IL. ,.
Angeles. She said that on December s "s
last she got, instead of the rine i I
pawn ticket for it in loan shon d i
1877 Bowery, operated by Harry PhnSq Sq
!ps. The ticket, she said, was given s,'. !. :
her by Topper with $2s, he hsrI.o %
,awned the ring for $3.50. "'aag
New-York tribune., 1921-01-06

when the latter had joined them in the
machine, Topper, according to Gordon,
demanded and took from Mrs. Gordon's
finger a diamond ring valued at $4,000.
Mrs. Estelle Gordon was then called
to the stand and corroborated her hus-
bands testimony, adding that she made
many attempts to obtain the return OF
the ring, but that Topper STALLED" ant
New-York tribune., 1921-01-06
Whitman Begins Probe of
Hylan Regime Tomorrow

Charles s Whitman will begin work
Tomorrow on q grand jury investiga-
ticn Of the Hvlan administration. He
announced officially yesterday that he
had acc ,pted the post Of special coun-
sell to the District Attorney offered by
District Attorney Swami Tuesday.
Since leaving the executive Office at
New-York tribune., 1921-01-06

by Clint c. Houston for the current
ISSUE ISSUE" OF Labor. official organ of the
Plumb Plan League. Mr. Houston as
serts that his inquiry disclosed the
greatest industrial slump since the
money panic of 1907
Evening star., 1921-12-04
SCHOOLS.
TECH HIGH SCHOOL.

After several months consideration
the committee. appointed by Principal
Frank C. Daniel for the production OF
Techs annual spring play yesterday an
nounced the selection Of III l were
I King" as this years presentation. It
/. is believed the play will prove greater
dramatic success than Monsieur Beau
caire."
: The new Tech Book Of Songs mas
made it's appearance. The work OF
printing and binding the books was
done in the schools print shop; Inere
are twenty-s six songs in the book. twen-
ty-three Of which are hymns or otner
areligious music. while the REMAINING
/, three are Techs familiar school songs.
: Owing to the failure for three success
siye meetings to obtain a quorum ioL
the consideration of business. the class
OF February, 1928, is yet without per-
manent officers. Miss Marjorie Davis
is serving as temporary chairman.
The Adjutant. annual drill program
of the High School Cadet Corps. WIN
this wear have a publication staff. Since
its initial appearance several years ago
publica tiOn of the Adjutant has Deen
solely in the hands of Miss Shanley OF
business High School. Col. Oscar Sna"
of Tech has been appointed editor-in-
chief Of the publication: Lieut.. Col.
Anadale of Business. circulation man
ager: Lieut.. Col. Hensel of Central,
Photographic editor: Lieut.. Col. Toison
of Tech, Majs. Hoffman Of Western ana
Phares Of Eastern, associate literary
editors.
The June class of 1922 will give a
dance at 2400 18th street. Decem-
Der 80.