davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1921-03-11

tous waste Of time ana For
example. a machinist's helper or any
handy man used to put in a nozzle
tip before the war. Today to do this
simple bit of work on a locomotive
il is necessary to:
Call a boilermaker and his help
err to open the door. because that IL
boilermaker's work;
Call a pipeman and his helper to
remove the blower pipe. because that
is. pipemen's work. and
Call "a machinist and his helpe"
machinist's work.
The same three forces must be
employed TO put in the new tip.
A little leak in a locomotive boiler
used to be repaired promptly by a
boilermaker and his helper. Separa-
ton OF trades has now been carried
to such point that the following
elaborate, time-and-money-
series of operations has to be gone
through:
First. "A sheet metal worker. with
a helper standing by to hand him his
tools, loosens the jacket: second. a
locomotive carpenter. whose tools
must be handed to him by another
helper. removes the packing; third.
a boilermaker. waited upon by an
other helper. corks the leak; then the
locomotive carpenter. who has been
idle meantime. replaces the packing !;
and the sheet metal worker. who
probably has been idle while the
Others were working, tightens the
Jacket.
The Washington times., 1921-03-11
WAITING ON THE LEADER.

steel has always been recognized
as the markets leader. The opinion
is growing that the maintenance of
existing prices by the corporation is
partly responsible for the instability
of security prices. Until the big
rnanciers and traders are absolutely
certain OF the corporations policy. it
is stated. hey will take no definite
stand. & They recognize the futllity
e attempting 10 get a bull move
ment under way while facing the
likelihood of drastic cut in prices
and wages by The leading Industrial
organizations in the world. How
long it will be before such re-
duction takes place no one can say,
but it is the general opinion tn at
1t will not be prior to May /. In
the meantime" some traders are
asking, will the new Congress put
high tariff on certain commodi-
ties?"
The Washington times., 1921-03-11
U. S. PACKERS FIND RICH
MARKETS IN GERMANY

Germany's need for fats is indi-
Gated by the fact that during January
that country imported 1S,441 800
pounds of lard. valued at s3.483. 63s,
from the United States, the Depart.
ment OF Commerce announced today.
In addition to lard, Germany also i'm
ported 5,415,024 pounds of oleo oil,
valued at S636.41i.
Other American packing house
products imported by Germany dur
ing January included l0,32t,1I3 pounds
Of bacon. valued at $2,095,133: 1852
pounds of canned beef, 146,225 pounds
beef, 59,47s pounds of hams, $4,000
pounds Of neutral lard, 2l0,3ss pounds
of picked pork, and 1,052,139 pounds
of lard COmpoMndS.
The Washington times., 1921-03-11
SLAMMING THE RAILROADS.

Everywhere in the street nova,
days a different story Is told OF the
suffering railroads." and If all were
true the plaques of the Egyptians
in Pharaoh's time were light in com
parison with the troubles OF over
worked railroad executives. The del
uge Of rumors. IL credited. would lea 4
TO the belief that practically all roads
are facing receivership and that not
one is in a position to continue divi,
dends. II James ]. Hill could hear
what is being said about Northern Pa.
cific and Great Northern he would
turn in his grave.
The Washington times., 1921-03-11
Wall Street GOSSIP

become more pessimistic than ever
and real liquidation has again de-
veloped. The present quotation is the
lowest since February. 1914, when it
reached 11.73 cents. The failure Of tn e
recent financing by the Copper Export
Association to bring about a better
market has added to the dissppoint-
ment. II is felt that a further curtail-
ment of production will be necessary.
The stagnation and uncertainty in the
steel industry has an important bear
ing on the copper trade. and improve
ment there-no matter how brought
about-would have a stimulating eff
feet on the coppers.
The Washington times., 1921-03-11
SELLING OF STEEL.

United States Steel common hit
The low point of 1885 yesterday on
continued selling Whereas previous
selling has been largely by shorts,
It is stated that a good volume now
consists of real liquidation. This
view was strengthened by the rumor
that Judge Gary's departure for the
South would be followed by an
nouncement of a reduction in rates.
Those close to the corporation are
inclined to scoff al the report. how
ever. and no action is looked for
until some time after the judge re-
turns early in April, as no one
would take the initiative on such a
momentous question in the absence
Of the chairman.
The Washington times., 1921-03-11
43 STATES UNITE
TO CONTEST |. c. c.
Challenge Right of Rate Fixing
Body to Regulate lntra-
State Tariffs.

Forty three States have Joined with
Wisconsin in the test being argued
before the United States Supreme
Court to determine the power of the
Interstate Commerce Commission TO
prescribe State rates on railroads
under the transportation act.
This law has been challenged in
nearly all the States as in conflict
with the rights and powers OF the
states to regulate intrastate rates.
The decisions by the lower courts
have been conflicting. Wisconsin
brought an appeal to the Supreme
Court from an adverse decision In
the Federal Court of the Wisconsin
district holding that the Wisconsin
state Commission had been deprived
of its powers TO regulate state rates
by the Federal law and that this
power had been lodged in the Inter
state Commerce Commission.
The Washington times., 1921-03-11
ATIANTIC-GULF SELLING
TANkERS.

NEW YORK, March 1.-The
Atlantic-Gulf and West Indies Cor
poration is understood to be nego-
tiating with certain of the larger oil
producers for the sale of some OF its
tankers While no announcement has
been made. il is pointed on THAT some
companies would welcome the oppor-
tunity to augment their fleet If they
were able to procure additional tank
ers on an attractive basis. One COM
pany is rumored TO have offered to
take over two OF Atlantic-Gulf :
tankers and pay for them in pre-
ferred stock.
The Washington times., 1921-03-11

organized in October, 1917.
The bank moved into its
new home, corner Fifteenth
and | streets, one year ago,
and President George D.
Watson, who has directed its
advancement for the days OF
organization believes that
the institution has a bank
ing home which is the peer
of any in this section of the
country.
Since the bank located in
this section, the locality has
had a remarkable growth,
and the institution has
gained over 100000 in de-
posts during that time.
Besides President Wal
con tba nffi.iolc IF fba in
The Washington times., 1921-03-11
WASHINGTON BANKERS
WATCH FOR CROOKS

Washington bankers have
been warned that a band OF
crooks are operating new
swindle in Liberty Bonds in New
York.
They appear as would-be pur-
chasers OF bonds and show their
good faith by making a deposit
OF cash in part payment,
The following day they appear
with certified checks for the bal
snce and receive the bonds.
Later IL is discovered that the
certifcation has been forged.
The Washington times., 1921-03-11
PHILADELPHIA PORT GROWING.

The Swedish Tobacco Monopoly, a
governmental corporation controlling
the entire tobacco supply of Sweden,
Is now shipping and storing the ma
jority of its American tobacco at the
port of Philadelphia. The tobacco is
being shipped to Philadelphia by rail
from points in Virginia, Kentucky.
North Carolina. and Tennessee. New
York was abandoned by the company
as shipping port because of the ex-
Cessive costs
The Washington times., 1921-03-11
CHANDLER MOTOR co. BUSINESS
IMPROVES

Directors of the Chandler Motor
Car Company, in New York, yester-
day declared the regular quarterly
dividend OF $3.50 share on the
capital stock. payable April ! TO stock
OF record March Il.
Business for some time past has
shown a marked improvement, ship
ments are on a very satisfactory basis,
and are steadily increasing, Presi-
dent Chandler states. The company is
in a strong cash position, has a large
volume of business on its books. and
has no indebtedness outside OF cur
rent accounts.
The Hamilton Watch Company OF
Lancaster. Pa, has announced it's in
tention TO increase it's capitalization
from 81, 900, 900 to $1,000 900.
The Washington times., 1921-03-11
EHl, RESULT.

What has been the inevitable re-
suit OF such foolishness? Some
5000, 900 workers are idle today in
the United States, including several
hundred thousand railroad employees.
the need for their services having
been done away with by the business
depression which was at least partly
brought about Icy excessively high
railway Costg and excessively low
railway earnings. In 1917 the ma =
tons railway wage bill was sl.139,-
SOC. 900. Last year the wage bill was
So, 6OC. 900, 600. an increase of almost
two thousand millions.
1t cost the shipper - cents to send
bushel of wheat from Kansas to
New York in 1917. Last year 1t cost
him 46 cents. But - cents of this
was consumed by railway wages. o,
exactly what the whole freight bill
was in 1917.
ticket collector on the Erie
Railroad said to me Abe other day
with sneer: Every fellow in the
shops or out of the shops who ever
picks up a hammer Is now classed
a. skilled mechanic. We poor
devils get the thin end of the stick. -
A good national agreement COW
ing the working conditions of
railroad employees might Cor might
noD be equitable and beneficial both
to railwaymen and those of us VINO
foot the bill, but an agreement
which entails such tomfoolery as
here cited is indcfcnsible and cam II
be too quickly abolished.
The Washington times., 1921-03-11
INDEMNITY SETTLEMENT.

Advices received from abroad by
prominent house with international
connections state that banking circles
in both London and Paris express
confidence that the indemnity ques-
ton will be settled very shortly The
strength OF foreign exchange has re-
fected this optimism
The Washington times., 1921-03-11
FINANCE
- AND
BUSINESS
How Public Are Fleeced
BY National Agreement
Railroad Men Forced
Through During the War.
BY b. c. FORBES
BY B. c. FORBES

The railroads have two main pur-
poses in view at present--to lower
wages and to drop the niue I'D scussed
national agreement made during
the war. the railroads>Tegard the do
ing away with the wartime agree
ment as not less important to the
public than the readjustment of
wages.
What is the national agreement"
how did it come into being?
When William G.. McAdoo became
director general on January l. 1918,
he appointed as one of his assistants
President Carter. of the Firemen's
Brotherhood. and unionization of I'M
organized employees was vigorously
carried out, particularly among the
shop men. The eight-hour day came
into effect; wages were increased rs
to 80 per cent, the lowest paid men
receiving the largest percentage Of
increase; many kinds OF workers were
put into new classifcations. thus en-
titling them to higher rates of pay,
and piece work was opposed; COM
ditions became unsettled and disputes
arose.
Then the director general appointed
committee of railroad officials to
confer with committee representing
the mechanic crafts. that is. the ma =
chinists. boilermakers. blacksmiths.
carpenters. car repairers. copper
smiths. etc. A good many roads al.
ready had some working rules af.
fecting these classes OF workers, but
no uniform rules had ever been drawn
up.
The Washington times., 1921-03-11
CAPITAL TRACTION INCREASE.

Justified by big earnings. the Cap
ital Traction Company announces
mat its annual dividend rate will
be increased from s TO I per cent.
stockholders will receive the BEN
eht OF the Increase beginning April
10, the date when the quarterly
dividnd for the three months ended
March 81 il to be paid
The additional 1 per cent amounts
to about sl2O,0OO q year.
The Washington times., 1921-03-11
MARKET COMMENT.

In their comment on the marked
Jones a. Baker investment bankers
OF New York say:
o. With the March Is taxes soon out
or the way securities ar. cxpG:ted
10 give better account IF them.
selves, particularly if reports Of bust
ness Improvement continue to accum
ulate. 1t is being recalled that after
March 10 last year the market IN
joyed a substantial rally.
The Washington times., 1921-03-11

with view to expediting these matters he could not
tell which subject would be taken up first
''Ihey are both such important matters" he said
''hat hope they can be considered simultaneously and
thus save delay"
Secretary Mellon said that steps had been taken
vet regarding European debts the United States and
indicated that the subject would go for the present
in favor of pressing domestic legislation He denied
a report that he had conferred with British financial
representative.
The Washington times., 1921-03-11

1.-The business situation to-
day." said Mr.. Mellon, "is
complicated by the fact that
financial distress and malad-
.iustment are worldwide phe-
nOmena. | do not expect that
the United States can return
to a normally prosperous con-
dition until conditions be-
come better abroad. This |
hope will be before many
months"
Secretary Mellon an
nounced that on Monday he
would confer with Senator
Penrose, chairman of the
Senate Finance Committee,
and Representative FOrdney
of the House Ways and
Means Committee, regarding
tax and tariff legislation,
The Washington times., 1921-03-11
CALIFORNIA PACKING REPORT.

The California Packing Company in
it's forthcoming annual report will
show net earnings of about $12 a
share after all charges. Inventory is
understood to amount to about Sl3.-
600, 900. compared with s10,600.o0O in
1919, and bank loans will show in the
neighborhood of $4,000, 900.
The Washington times., 1921-03-11

stution incude Dr. William l.. Robins vice president
Grant W. Taylor vice president; Edward j. McQuade
CASHIER James B. Skinner and M. F. Calnan assistant
cashiers. ..'.....
The list of directors is follows: Clyde B. Asher
Thomas p. Brown, Charles "A. Camaer. S. T. Cameron
M. F. Canan, M. o. Chance John B. Clark Judson r
Gull jr, Dr. L.. F. Davis, Paul E. Johnson, George /.
LARSEN, Lennard H. Mitchell, Dr. F. H. Morhart VIM
McCray e. j. McQuade, E. H. Neumeyer Dr. VIM L.
Robins, Isaac E. Shoemaker James B. Skinner Grant
Taylor, and Geo. O. Watson
The Washington times., 1921-03-11
MORE GASOLINE PRODUCED.

Figures given out by the United
states Bureau OF Mines shows a total
OF 4. SS2. 546,649 gallons OF gasoline
produced by United States refineries
in 1920. This is An approximate gain
of "a per cent as compared with an
output|in 1919 OF $685., s57 ,O91 gallons.
The Washington times., 1921-03-11
Wheat Stocks Decline.

Stocks OF wheat in country mills
and elevators on March | were ST.
100000 bushels, as compared with
115,950,000 bushels a year ago, a re-
ductiop of 30 per cent. the Department
Of Agriculture announced today.
The Washington times., 1921-03-11
AMERICAN sUMATRA OUTLOOK.

Quite a lAtle bearish talk is heard
on american Sumatra. 1t is pointed
out that the good showing for 1920
was due to income derived from sale
of tobacco procured at low prices in
the previous year. Now, it is stated,
the company is selling at low prices
tobacco that was purchased during
the period of high prices last year.
The Washington times., 1921-03-11

The Standard Oil Company of New
Jersey has posted a reduction of .
cents a gallon in wholesale gasoline
price, making new price of 24E
cents a gallon. The reduction affects
New Jersey and Baltimore.
The Washington times., 1921-03-11
An OPTIMISTIC EXECUTIVE.

While most roads face difficulties,
the general outlook is not az bad as
often painted. The president of a
Western road. writing to a local bank
err, states that in his opinion February
marked the end of the decline in rail-
road operations and income. and that
from now on steady Improvement
will he shown.
The Washington times., 1921-03-11
NEW FACTORY.

The recently incorporated Atlas
Wheelbarrow and Truck Company, OF
Easton. Nd. has acquired land near
the Pennsylvania railroad line, and
The Washington times., 1921-03-11
MESSAGE on RAILROADS.

An important message on the rail-
road situation is expected to be sent
ty President Harding to the extra
session of Congress.
The Washington times., 1921-03-11
WHAT HAPPENEDs
What happened?

" nat
The mems leaders. very shrewd,
able fellows. collected all the differ
ent rules from all the roads picked
the most favorable rule on anv road
covering each point. strung them to-
gether and said: We want these rules
extended to cover all the roads, in
the form OF national agreement
The officials objected strenuouslv, but
as we were in the midst of a colossal!
war. the Governmental authorities
O. Nd the agreement and il went
into force.
Queer things began to happen.
For example. no road could hire A
carpenter or anybody else as a car
repairer unless he had had at least
four years experience as car re-
rairer's helper. Work formerly done
by helpers was reclassfied and had
TO be done by car repairers at great
err cost to the roads and therefore.
to the public. In many other cases
workers formerly classed as uE-
skilled were transformation paper
into skilled workers. and not only
vas their pay increased, but the IN.
creases were made retroactive, so
that men on being reclassified re-
ceived hundreds and in some cases
wei over thousand dollars at one
clip.
Every worker who had to report
tcheck in) his starting time was
allowed one hours extra pay week
for so doing--even if the man may
have worked only one day week.
This rule cost one large road $500. 900
year. Another rule stipulated that
certain shifts should he paid for the
time they were eating lunch. and this
cost the same road 100000.
Some of the rules entailed iniqvi-
The Washington times., 1921-03-11
MR.. DRURY RECEIVERS.

Peter A. Drury president of the
Merchants Bank, who became i'll
soon after his return from Panama,
was at his desk this morning. He
Is now fully convalescent.
The Washington times., 1921-03-11
ID. C. BANKERS TO MEET.

A meeting Of the dinner commit
Tee of the District Bankers Assoc
! citation will be held Monday at
The Washington times., 1921-03-11
SlNESS IN + II A n Il + CONRAD
Investors Service

The washin Times With
l
mota ortstive
sndsd OF and
made direct by
c.
The Washington times., 1921-03-11
Liberty Natl. Bank
Has First Birthday

The first anniversary of the Liberty National Bank as
national institution is being observed today it having
been converted from the Liberty Savings Bank which
The Washington times., 1921-03-11
COPPER AT NEM LOW.

with copper selling at ~ cents n
pound, holders of copper stocks have
The Washington times., 1921-03-11
Secretary Mellon Is
Optimistic On Outlook

Business conditions in the United States will return to
normal by the latter part of summer early fall Secretary
of the Treasury Mellon predicted in interview today.
The Washington times., 1921-03-11
Prosperity Returning
GASOLINE REDUCED.

will Immediately start constructing q
factory there.
The Washington times., 1921-03-11

- clock at the District National Bank
according to announcement made today
The Washington times., 1921-03-11

yield from the total Investment, but
in the long future you should fars
better in this respect, as II is believed
that long term railroad bonds or. IN
fact. any other long term fixed in
come bringing securities, now selling
on a yield basis OF from 5 "a to per
cent, eventually Will sell on a Az to
5 per cent basis, which means tha1
present prices are bargain levels. :,
STRICTLY SPECULATIVE.
}. Il. G.-Being a reader of The
Washington Times and having
to investors, ] am soliciting youE
advice concerning General MOtOrt
common. selling for about s14~ e.
share, with a dividend OF 81, as q
good investment, with possibilities
for a rise. Also Willys-Overlapd
common at 81 a share. Are quoted
prices fair indications of true
values?
Answer.-The ticker puts the price
tag on these stocks and very likely
makes no mistake. The ticker sell
dom makes mistakes in weighing
values. =,
General Motors probably is worth
somewhere near its present selling
should not be counted at all; or, At
least, il doesn't weigh very much.
WiIIys-OverIsnd is gamble. II
might be worth little less on q
receivership basis, but not much.
The Washington times., 1921-03-11
A NEW
ENDORSEMENT

The Senate Committee on Re-
construction recommends new
legislation that portion OF
the deposits in the savings de-
partments of national banks
may be invested in long term
securities and mortgages ra
order to give greater security
TO the savings and to assist IN
providing homes fer the
thrifty"
Our First Mortgage Notes.
on improved Washington real
estate, are available in small
and large denominations.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1921-03-24
Palm Sunday Raid
Brings Slot Machines
Constable Scholey Gets Two Merry
Jinglers in Raid at Bassett's
Station Sunday Morning.

Constable John Scholey doesn't rest
even for Palm Sunday and he made a
raid on the saloon Of John Bernhoft
at the western village on Sunday morn
ing and came back with two nickel plat
ed slot machines which he picked UP
off the end of the mahogany at the
Bernhoft place. A seventeen year old
boy was busy feeding nickels into the
machine at the time the constable and
his crew entered the place. Scholey
had search warrant to look for whis-
key but he did not find any LIQUOR
which came under the contraband pro-
visions and he had to be satisfied with
nipping the gambling devices. It is
expected that Bernhoft will be in later
to tell the judge about having the slot
machines in operation. Scholey said
that he had received number of COM
plants against the Bernhoft place and
for this reason had sought the raid
warrant.
John Bernhoft was fined 800 and
costs this morning.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1921-03-24
SEARCH In DEBRIS
FOR VICTIMS BODIES
Wrecking Crews Start Work on De-
bris Scattered by Big Explosion
in Chicago on Saturday.

Chicago Wrecking crews today start
ed work clearing away the tons of de-
bris scattered by the explosion Sat-
urday night in the elevator of the
Armour Gran on 122nd street south
under which the dead bodies of four
victims are believed to be concealed.
The two known dead were blown out
of the structure by the blast, which was
heard and felt across Lake Michigan.
The grain loss was placed at about
$1,000,000 by E. A. James, secretary of
the company who said that it was be-
lieved the other 100000 worth of
grain in the concrete bins should be
salvaged. Weeks will be required, it
was said, to clear away the mass of
twisted steel and concrete, and clear
the channel of the Calumet river
which was almost blocked by the spill
ed grain. Two theories of the cause
of the explosion were advanced. One
was that the explosion was due to
spontaneous combustion, possibly in
the drying room. The other was that
highly explosive mixture of humid
air and grain dust was ignited by a
spark, possibly from a watchman's
eigaret. Police and company officials
placed little credence in theory that
the explosion might have been caused
by dissatisfied employee.