davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1921-02-24
AnEaIcAN srEKL FoUNDRIEs.


n. W.-Plesse be kind enough TO
let me know the facts regarding
A-sriess Steel FsssSrie.. as / am
desirous OF investing In same IL
you think the common stock Is
fairly safe. notice IL is selling
for about $50 and pays > per cent
Please explain this apparent anon
ally.
Asswer-Americss steel Fo~sArtes
common stock has a par value OF
3S3 Ia. IL pays per cent, or -
Per annum. on par. On this basis IL
yields better than 10 per cent. IL
was reported in December that near
ly all OF the company's plants were
busy.
In 1919. 2O.77 per cent was earned
on the common. or more than s2.-
100000 in excess of the dividends
paid.
The company did even better las,
year, IL is believed. and, unless un-
favorable conditions arise, the pres.
ent dividend Is in no danger. IL sp-
pears to offer an attractive income
and speculative investment oppor.
tunity.
The Washington times., 1921-02-24
CERTIFICATE PAYMENT.

Fifty per cent of the remaining sums
on deposit with the national banks OF
the city on account Of the purchase
of Treasury certificates Of indebted
ness of January Is is being paid into
the Federal Reserve Bank at Rich
mond today
The Washington times., 1921-02-24
INVITES TO FOREIGN TRADE
MEETING.

All directors OF financial institu-
tions of Washington are being sent
a special invitation TO attend the
meeting to be held on Monday even
ing in furtherance OF the work OF the
Foreign Trade Financing Corpora
ton.
Harry V. Haynes, president OF the
Farmers and Mechanics National
Bank of Georgetown, is in charge OF
the work.
The Washington times., 1921-02-24
Fire in l0reto Church.

ROME. Feb. 24--Fire in the world
famous church at Loreto, the Chic
della Casa Santa, destroyed the altar
and the statue of the Virgin. says
dispatch from Loreto. The fire was
caused by a short circuit.
The Washington times., 1921-02-24
VIRGINIA BANKERS RESOLUTION

Deep interest is manifested by
Washington bankers in the resolution
adopted Tuesday by group 5 OF the
Virginia Bankers Association at Lees
burg urging an amendment to the
Federal reserve, act which will per-
nit the payment by the reserve banks
Of interest on the balances of member
banks.
The Washington times., 1921-02-24
Wall Street Gossip

Business has been slack for the
past six months and gross sales for
1920 are estimated TO have been S10O,-
900. There is talk OF a strong pool,
but Is hard to conceive on what basis
they anticipate a possible rise.
The Washington times., 1921-02-24
U. $. RUBBER DIVIDEND.

Colonel Colt. chairman, has denied
that the U. s. Rubber Company is
contemplating any new financing.
Traders have been selling the stock
Just the same, however Their con-
tention Is the company has from $40
OoO, 900 to $50, 10000 bank loans.
IL there is no new financing contem-
plated. they believe the dividend will
be reduced.
Directors meet next month.
The Washington times., 1921-02-24
ltaly FiuhtS TyphuS.

y ROME, Feb. 2i.--Nigorous measures
are being taken by the Italian govern
ment to prevent the entrance OF in
fectious diseases, especially typhus, Sig
nor Corradini. undersecretary OF the
interior, declared in the senate.
The Washington times., 1921-02-24
Narcotics In Wooden Arm.

NEW YORK, Feb. Narcotics
were found concealed in the wooden
arm of Salvatore Santo, after he was
convicted for carrying a revolver
without a permit.
The Washington times., 1921-02-24
DR. DONOHUE TO SPEAK.

Dr. F. j. Donohue. of the Catholic
University staff, Is to lecture to the
advanced class of Washington Chap
ter. American Institute Of Banking,
this evening on "Origin and Develop
ment of Banking
The Washington times., 1921-02-24
POSSIBLE TARIFF LAWS.

Wall Street advices are that inter
ests connected with the Harding Ad-
ministration believe the President
elect is in favor OF the Payne-Aidrich
tarin law with some modification.
The one Objectionable feature OF
the Payne-Aldrich tariff is the wool
schedule. which is to be revised.
The Washington times., 1921-02-24
I. G.. e. ORDERS UTAH RA,L FARES
RAISED

Railroads OF Utah were ordered by
the Interstate Commerce Commission
today to Increase their passenger fares
to the level in effect in Interstate
traffic. effective April /.
The Washington times., 1921-02-24
Spanish R. R, Rates to Cortes.

MADRID. Feb. 24.-Premier Dato
today promised a delegation repre-
senting the railroad companies that
the question OF increasing railroad
rates will be one of the first measures
brought before the new Cortes.
The Washington times., 1921-02-24
FAvORs l.. 4 n. AND c. 4 o.

FAVORs l.. 4 n. AND G. 4 o.
E. C.-Do you consider LeuisviIle
ana Nashville and Chesapeake md
Ohio substantial Investmentsf
LouisviIle and Nashville looks es-
,pecially good to me at It's present
price: in fact. j favor both stocks.
Please give report of dividends
and earnings.
Answer-LouisvilIe anA Nashville
controlled by the Atlantic Coast
Line. began dividends a year before
the Civil War ended.
The record is not entirely un-
broken, but there have been very
few years in which nothing was
paid, and the liberal stock divide nd :
in years past more than make up
Tor these omissions.
1t is one Of the few big roads
that needed no Government guar
antee. Last year the dividend was
earned approximately twice over. The
Z per cent rate now paid appears to
be in no danger. The stock has a
high investment rating, and is sell
ing at almost the lowest level in a
dozen years
Chesapeake and Ohio did well
through the war period, but needed
the Government. guarante in 1919. as
the company's actual operating in
come showed a deficit of more than
$3,000.00O. There was a SO per cent
betterment in 1920, and the dividend
was earned with a comfortable margin.
The stock seems to offer attractive
income and speculative possibilities.
and at present level yields 6.75 per
cent.
OF the two, however, we prefer
Louisville and Nashville. yielding
per cent.
The Washington times., 1921-02-24
Investors Service

sAsdb
80
ssrsIe. Nuassy wsshinston- D.
The Washington times., 1921-02-24
BOUGHT sAVOLD TIRE.

w. A.-Some time ago / bought
twenty shares Of SavOld Tires at
$50 per share. arranging to pay
for it on the partial payment plan.
/ still have payments to make. The
The Washington times., 1921-02-24
Hot Drinks for Iona Life.

PARIS, Feb. 24.-Ice water is the
most dangerous drink IL one is hoping
for long life. All drinks should be
taken as hot as possible. These state
ments are included in a report made
to the Academy of Medicine by Prof
The Washington times., 1921-02-24
COLUMBIA GRAPBopHbNE NOTES

COLUMBIA GRAPHOPHbNE NOTES
n. M.-Please give me your opln-
ion OF Ceisobis GrsphsDAose 8 per
cest gold notes, due 1925. Are
they entitled to any special priv
ilege? Do you consider them well
secured? Would you reeomemnd
them as an investment?
Answer-The notes were issued
last August and are due August 1,
1926. $4,000, 900 outstanding OF ST.
500, 900 authorized. They are a d.
rect obligation but not a mortgage
They carry the right to purchase
on and after February I. 1921, three
shares OF common stock at S35 a
share for each note.
With the stock selling at about $40
a share the rights" are of no pres
ent value. The notes have a good
rating 80 far as quality Is concerned
but not very high degree of mar
reliability.
The Washington times., 1921-02-24
OIL SHIPMENTS INCREASED.

The Mexican Petroleum COMPANY
shipped 3,4IO.OOO barrels OF oil from
Mexico ddring January, as compared
The Washington times., 1921-02-24
NEW DIRECTOR or MERCHANTS.

NEW DINECTON OF NEHNHANTs' %
Peter NJ. Dorsch. widely known
local baker, was yesterday elected a
member OF the board OF directors OF
the Merchants Bank. Mr.. Dorsch has
been egnaged In the baking business
here since 1891, entering the business
with X. w. Blair. Seven years later
he went into business for himself
He is now located at 63l $ street
northwest.
Mr.. Dorsch, who was born here
forty-three years ago. is a member OF
the Washington Board OF Trade, the
Washington Chamber of Commerce,
and the United states Chamber OF
Commerce.
The Washington times., 1921-02-24

It's OF Si.1s3l5l.T0 also hs~ gain
OF practically $4,000.
With deposits OF x8Os.9 %. the
Citizens Savings Bank shows a loss
of about s2.e00 on the showing at
the previous call
Other bank ngures are as follows
Deposits on Feb. ii Gain
Fran. National. ,s3,027. .2s2.S' Approx.
10000
Union Savings .sl.5T5, ,234sT. Approx.
Ssl 900
N. W. Savings *iss, TT2.92 Approx,
$4,000
The Washington times., 1921-02-24
FINANCE
- AND
|BUsiNESS| mi
How the Financial and
Business Communities
Analyze Harding's
Cabinet Selections.
: BY b. C. FORBES

Like most things in this world.
President Hsrding's Cabinet, as an
nouneed. Is a mixture of good and
bad. The financial and business
world. however, accepts IL as being as
good as could be reasonably expected.
seeing that political considerations
often govern political selections.
The Washington times., 1921-02-24
A N A (E d CONRAD

DETER NJ. DORsCH, widely
known baker who was
yesterday afternoon elected a
director of the Merchants
Bank.
The Washington times., 1921-02-24
FINANCIAL AND BUSINESS CENSUS

A census OF financial and business
men would result probably In some
such analysis OF the Cabinet appoint
ments as this:
Secretary OF state. Charles ~.
Hughes. OF New York; Excellent; will
inspire respect and confidence both
at home and abroad.
Secretary OF the Treasury, Andrew
w. Mellon, banker, Pittsburgh: win
insure mastery handling OF the many
momentous financial problems con-
fronting the United States both
domesticsiiy and internationally. Mr..
Mellon being a practical successful
banker of vast experience in handling
large affairs.
Secretary OF War, John W. Weeks
OF Massachusetts,, ex-United states
Senator: A fitting selection.
Attorney General Harry NJ Daugh-
erty OF Ohio: A purely political ap-
pointment. rendered as a reward for
his having managed Harding's pre-
convention campaign. Mr.. Daugh-
ertys ability TO measure up to the
intricate and extremely important re-
sponsibilities OF this office doubted,
snd his selection regretted. in view OF
the now vital connection between the
Department OF Justice and the regula-
ton of big business.
The Washington times., 1921-02-24
Prosperity Returning

with 3,222.S4S barrels in Decembe r
and 2,427 ,974 in November, 1920.
The Washington times., 1921-02-24
HERBERT HOOVER.

Secretary of Commerce. Herbert
Hoover. of California: Ideal; a prac-
tica1. mental giant sorely needed to
develop the Department of Commerce
into an organization capable OF hold
ing it's own in the crucial game of
international commercial chess now
being skillfully played by Britain and
other nations, a game at which the
United States has been lamentably
weak all through the Wilson Admin
istration.
Secretary of Labor. James J. Davis,
exunion steel worker, Pennsylvania
and Illinois: Unknown in finacial and
business circles; judgment on his fit
ness suspended
The Washington times., 1921-02-24
WILL II. II AVS.

Postms ster General Will II. Hays
OF Indiana: Although a political ap-
pointment. regarded as not an un-
satisfactory one, as Hays is credited
by business men with unusual ca
pacity for Organization.
Secretary of the Navy. Edwin Den
by, OF Michigan, ex-member of Con
gress: Totally unknown to the bank
ing and business community, but
since he is extremely well spoken OF
by Washington lawmakers and has
both Spanish war and world war
record. the latter covering advance
ment from an enlisted marine to an
important offcership, where he is
credited with having accomplished in
valuable work, the disposition is 10
Judge the appointment leniently pend
ing actual demonstration OF his fitness
or untfitness for this vitality i'm
portant post.
Secretary of the interior, Senator
Albert B. Fall OF New Mexico: Use
ful choice. as Senator Fall is esteemed
an extraordinarily agreeable, level
headed advisor who will add strength
and balance to Harding's official
family.
Secretary OF Agriculture, Henry
Wallace, editor of agricultural pub.
lications. Iowa: o. X.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1921-11-16
WILL TALK OF
LAND ARMAMENT

Washington, Nov. 15.-Francc took
the first step towards bringing the
question of land armaments of armies.
before the Washington conference.
In concurring for France in the cs-
sential principles Of the American
proposals regarding naval establish
ments, Premier BRAND touched upon
the army problem as far more vital TO
France. By agreement NJ. BRAND
probably at a public session of the
conference later this week will pre-
sent "most fully the views of France
with regard to the subject of land
ornaments" There was no intima-
tion in the remarks of NJ. BRAND that
he had definite plan for reduction of
armaments to suggest. He did say,
however, he was satisfied that the con
ference confcrces would be convinced
that France, after the necessities of
safety and life have been adequately
secured, proposes no thought what
ever of disturbing the peace Of the
world"
M. Brands statements were con-
strued generally as showing his par
BOSE to explain fully why France re-
cards 1T necessary to retain the great
,vrce in her armies. AS the nation
with the largest army, the premier
pointed out today it was appropriate
for her to take that question up. but
neither at the conference nor in auv
oher quarter is there suggcS ton that
any such sweeping proposal for rcduc-
ton of armies is to be expected as the
naval plan put forth by the United
States .
The Union daily times. [volume] (Union, S.C.) 1918-current, 1921-11-16
Arrest White Women

Two white women giving the names
of Mrs. P. II. Kearin and Mrs. Muir
phey, were arrested yesterday after
noon in Main street restaurant,
after they were recognized by a clerk
in kohn's department store. The firm
reported the loss of plush top coat
Naiued at S400 and officers say tn
women admittcd that the coat was
taken by one while trading in the
shop. The women claimed New York
as their home and were using Moon
car with New York license No.
214-733 Mrs. Kearlin and Mrs. Muir
phcy engaged an attorney and fur
niShcd bond in the sum of $3.50 each.
The two women appeared in Kohn'S
store Monday afternoon and the cost
ly coat was missing after they left,
according to the clerk who waited on
the strangers. 1t is said that one
of The customers looked at a coat suit
while the other put on the top coat
and walked out of the store. The coat
was recovered.-The State.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1921-11-16
DOUBLE FUNERAL
in ANDERSON

Anderson, Nov. 15.-The double
funeral of James E. Barton and
daughter, Jennie Law Barton, who
met such tragic death in an auto
mobile accident when ON their way
to the pageant in Grcenville last Fri
day afternoon. was the largest gath
rrlng of people that has ever been
seen in the First Baptist church.
More than half Of the church was re-
served for the different organizations
70 which Mr. Barton and Jennie had
belonged On one side sat the 200 men
of the Baraca class of the First Bap-
tist church, of which Mr.. Barton was
4 most enthusiastic member. In the
enter sat the 80 prominent business
men who were honorary pallbearers,
ne knights of PYthiaS and so little
girls Of the same department III Sun
day school as Jennie Law Barton, each
with daisy 10 place on the bier of
their little comradc. The Ladies' Aid
society, of which Mrs. James Craig,
laughter Of Mr.. Barton. is president,
.so had a section reserved for them.
she large concoursc of Sorrowing rel
ativcs and friends occupied the from.
seats.
In a short service .hc Rev. John +.
White, ID. D., spoke OF what a loss
he death of Mr.. Barton was to the
municipality, the church and to his
FAMILY. He stated that the earnest
words of Mr.. Barton, who only few
Nc"ks ago in the meeting that was
held in the First Baptist church re-
ed vi allegiance 70 the church and
Christianity. In the same meeting
Jennie Law Barton made a profession
f her faith and was baptized two
weeks to a day before her funeral
md was given the right hand of fell
iowship by the pastor and deacons
Dnly the Sunday before.
The floral tributes extended across
he entire rostrum and covered the
rostrum Of the Sunday school room,
ne arrangements were exceedingly
handsome.
The intermcnt was in Silver Brook
cemetery when those two, who were
nscparabIc in life, were laid to rest
side by side
The Union daily times. [volume] (Union, S.C.) 1918-current, 1921-11-16
Five Women on Jury
In Arbuckle Case

San Francisco, Nov. 1.-THE end
Of the second day in the manslaught-
cr tria! of Roscoe G. QFatty) Ar
buckle say II temporary jurors in the
DoX. i've OF them women.
The Questions did not differ mate
tally from thosc asked at the opening
Df thc trial Yesterday.
Albu"hic remained aloof. He did
nut consult his counsel and at the
rCcvSs periods remained by himself.
There were vacant seats in the
"out room throughout the day. al
hou%h the crowd in front of the
building was larger than Yesterday.
Gavin McNah, chief counsel. said that
h"vr IS a possibility of the Jury be-
N" finally selected by tomorrow
ni~ht.
The women in the box are all house
wives and some Of them hHvo chill
drcn who, they said, enjoyed the Ar
Buckle motion pictures
The Union daily times. [volume] (Union, S.C.) 1918-current, 1921-11-16
RAILWAY UNIONS
PLAN PROGRAMS

Chicago, Nov. 15.-Plans of the
Brotherhood of Locomotive Engineers
and Brotherhood of Locomotive Fire
men and Enginemen to meet demands
of the railroads for revision of rules
and working condition agreements
and for further wage cuts were COM
pleted today at the close of two
day session Of $50 general chairmen
and officials.
Warren S. Stone, grand chief Of the
engineers, and William S. Carter,
president of the firemen and engine
men, explained the settlement under
which tn recent gneral strik order was
cancelled and received their followers
Endorsement of their action.
Requests from 90 railroads for re-
vision of rules and working condi-
tions were considered, and the coun-
ter demands formulated. Mr.. Stone
announced tonight the unions were
rules cases.
Announcement was made today that
the four big brotherhoods have signed
agreements with roads in the Eastern,
Western and Southeastern districts
for settling up adjustment boards,
provided for in the Esch- -Cummins
transportation act. Two assistant
grand chiefs will represent the engi.
neers on the board-F. A. Burgess on
the Southeastern and H. P. Daugherty
on the Western.
The Brotherhood of Railway Train
men will be represented by A. f
Whitney on the Western and w. N
Doak on the Southeastern board. No
appointments to the Eastern board
have been announced as yet.
Creation of the boards is expected
to speed up the work of the United
States labor board by relieving its
| docket of the hundreds of petty cases
of individuals grievances. All such
disputes will be first referred to the
nearest adjustment board for arbitra.
ton and only in event of a deadlock
on the board will the case come before
the government tribunal here.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1921-11-16
Eastern Star to Serve
Oysters Thursday

Martha Chapter, No. 70, Order Of
the Eastern Star, will serve oysters
in the Armory located in the Town
send Building Thursday, November
18th. There will be fried oysters, oyS-
ters stewed and oysters raw, in fact,
they will be prepared to suit the
taste of the most eXacting and inds-
eliminating person.
In conjunction with the oyster sup
per there will be admission made to
the Silhouette Room. This interest
ing room, with it's walls panelled with
the silhouette faces of Unions noted
men and women will afford one a half
hour of real pleasure. There are more
than 90 faces Of men and women that
one is likely to see on the streets OF
Union. The physiognomist will find
many interesting faces in this group
Of men and women of Union.
Supper will be served from 5 o'clock
until TO-
The Union daily times. [volume] (Union, S.C.) 1918-current, 1921-11-16
ONE AGREEMENT
IN TAX REVISION

! Washington, Nov. l5.-Agrcement
on cAclsu ana soft drink taxes was
! lGacneu today by the house and sen
atS conlereeS on the TAX revision bill
Alter striking out ,he senate proposal
lor Il i per cent maaufac uurers' tax
on perfumes, essences, extracts, toi-
let waters, ana the like, the man
ayers agreedto the excise taxes as
iIEa,iy approved by the senate. They
! are:
Automobile tricks and automobile
wagons, including parts and acces-
sores, ) per cent.
Other automobiles and motorcycles.
including parts and accessories, ) per
cent.
Camcras Weighing not more than
1CO pounds anL lenses for such. 10
per cent.
photographs and plates. other than
moving picture ,l!mS, ) per cent.
Candy. , per cent.
flfrarHS, shells, etc, 10 per cent
Cigarette and cigar holders or
pipes, composed wholly or i'm part OF
meerchauh or amber, and smoking
stands, 10 per cent.
LivcricS and livery boots aud hats,
10 per cent.
Yachts and motor boats not de-
Slgncd for trade or fishing or M
tional defense; and pleasure boal :
and pleasure canoes If sold for more
than 500, 10 per cent.
Works of art. 5. per cent
EXCISE taxes now in force the re.
peal of which is agreed uron are:
Articles made of fur. 10 per cent.
'fuSlcal instruments. per cent.
Sporting goods, including pool and
billiard tables, 10 per cent.
Chewing gum, ) per cent.
Portable electric fans, 5 per cent.
Moving picture films, ) per cent.
ManufacturcrS' taxes on soft
drinks, to be levied in leu of tba
present 'levicS, were agreed upon a ,
fol'ows:
Upon all beverages derived who'll
o. in part from cereals, = cents a ga
Ion.
Upon all unfcrmcnted fruit juices
intended for consumption as bcver
aces with the addition of water and
! sugar, and upon all limitations of such
trult Juices. and upon all carbonatcd
beverages (cXccpt ccrcaD, = cents a
Gallon
Unon all still drinks (cxccpt pure
apple cldcr) cents a gallon.
Upon all finished or fountain syrure
for use in compromising drinks, Q
cents Il gallon.
After limiting it to admissions to
moving picture shows, the confereo. /.
ffegreed TO theAsenate amendment nro-
v:rNir~ that NO admission tax shall be
collected where the charges 10 not ex-
coed 10 cents.
The excess profits and tranSporta-
ton tax repeal were agreed upon,
hut this war purely rerfmctorv. aS
n"!h house and senate hil'S provided
Tor their "eNc0l on n"Xt Jaruarv !.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1921-11-16
Two Big Legacies
For Misses Phelps

New York, Nov. 15.-Mrs. Ellen
Sheffield Phelps, widow of William
Walter Phelps and daughter Of the
late Joseph +. Sheffield of New Hav-
IN, Conn, who died August 81. 1920,
Il, The Hotel buckingham, left per
foLal estate Of &3 l6O.S73 and real cs
tate valued at SD l29. The transfer
tax apprisai Of The estate of Mrs.
Phelps fled in the surrogatc's court
today, fixes the residence of the tes-
:ratriN at the time of her death as
Tea Neck, N. j., and schedules as
Scts amounting to only SSlOl7l az
being taxable in New York.
Among the leading beneficiaries are
Eleanor S. Phelps and Claudia l..
Phelps of Aiken. S c.. grandfather
tcrs. who receive $50 261 each, and
a daughter-in-law, Mrs. Claudia
Phelps, who receives S25 900.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1921-11-16
To Meet in Greenville

Greenville, Nov. 15.-The fall cere-
monial of Hejaz Shrine temple will be
held on December ] in Greengille, and
arrangements for the event now are
being made by members of the Green
vile Shrine club and by others here
and throughout this section. A hand
some loving cup. it was announced to,
day, is being offered by the temple
for the best feature or stunt introduc-
ed in the parade which is to be one of
the leading events of the day. The cup
was won last year by the Shriners
from Newberry.