davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-03-12
Holders Become Frightened.

The days decline was preciptated
by heavy selling from one commission
house, which was reported TO have sold
an aggregate OF more than 10000 shares
during the day. This. il was reported,
represented the throwing overheard Of
a weak speculative account held in this
house by a customer who had failed
to meet recent calls for more margin.
This kind of selling, helped along
BY tile bear operations OF the profess
sionals produced cumulative weakness
in the entire list, and many holders
Of long stock, while amply protected
in the way of margin, became fright
ened at the extent OF the decline and
ordered their stocks sold for whatever
they might bring.
This went on right through the en-
tire session, with the result that at
the close there was little OF a construc-
tive nature to reflect upon In going
over the days happenings. II was re-
ported from many commission houses.
however. that the old time bargain
hunters were in the street in sizable
numbers. and that much buying of the
character usually called good took
place while stocks were breaking to
new low levels
The New York herald., 1921-03-12
ACT TO CUT PAY OF
MARINE WORKMEN
Continued from First Page.

designations did not cause grief in times
such as these.
Roads Ready 10 Make Pleas.
The railroad executives are ready to
state their case to the labor board at
once. They are prepared 10 produce
statistics and records TO back their
contention that wages must be reduced.
Just what the railroads intend doing
in case the Labor Board concurs In their
arguments for lower wages remains 10
be seen. but it is not taking great
chances OF error to predict that one OF
the first thing the roads intend is to
promise a proportional decrease in
freight and passenger rates. And an
other of the early moves is the apolition
OF the surtax on Pullman rates. With
freight rates as they are, the railroad
executives contend, no decrease in wages
will afford relief, for the simple reason
that shippers will still refuse to ship
and there will be no revenue to pay
any sort Of wages-high or low
The briefs of the railroads will con-
tend that when the roads were returned
to their private owners there were 261,-
900 more persons on the payrolls thar
at the end OF 1917. Since September ]
approximately $4,000 workers havs
been laid off-the shop crafts, mainte-
nance of way branches and clerical
forces being the principal sufferers. i
is the contention of the railroads that
13 per cent more traffic was handled
in 1920 than in 1917 with 1900 fewer
employees in train services and with
virtually the same number OF locomo-
tives and cars.
They 20 on to say that 17.5 per cent
OF the locomotives were in bad condi-
tion when the roads were turned over tc
the Government. but that 269 per cent
were in this disorder when the Govern
The New York herald., 1921-03-12
BAN A HOUR PRINTING WEEK.
New York state Publishers Also
Indorse Binghamton Courage"

SYRACUSE. March 1.-The New York
Stale Publishers Association, at a meet
ing here to-day, adopted a resolution
opposing n working basis Of less than
forty-eight hours a week in the printing
trades. Tire association adopted a reso-
luton indorsing the courageous" stand
OF the publishers OF the Blnghamton
Morning SiuI and the Binghamton Press
in suspending publication because of the
"unwarranted" demands Of the typo
graphical union for very large increases
In pay and reductions in hours Of labor"
The action Of the publishers followed
the adoption OF resolution 'unalterably
opposing the forty-four hour week by
the Second District Typothetse Fedora
ton. which includes ESQ master printers.
This resolution declared that the forty
four hour week would increase produc-
tion costs and the selling price Of
printing.
The New York herald., 1921-03-12

ford Railroad chiefs conferred with rep
resentatives OF it's unsxilled labor yes
terday in New Haven G. L. Bardo.
general manager OF the system, made
the roads appeal to the men, but no
percentage decreases in wages were
stipulated. The men promised to cons
suit with their colleagues and report
back later. The road proposes a wage
reduction approxima ting 20 per cent.
Representatives OF 500 employees of
the New York, Ontario and Western
Railroad conferred with their employ
ers In Middletown, y. y, and it was
said that the chances were good that
the men would submit to the decision
OF the Labor Board IL 1t goes against
them.
The New York herald., 1921-03-12

ment handed the roads back. The con-
tention is Furthermore. that the present
percentage of out of order locomotives
is 2s.5, and this reduction, the road ex-
ecutives seek TO prove, IS due solely to
the fact that the roads were able to
shop out their repair work 70 locomo-
tive builders.
Freight cars III bad order amounted
TO 81 per cent. Of the whole when the
Government took possession Of the
roads. There were 6.5 per cent in bad
shape when the Government 'relin-
quished their possession. But just now
per cent. of the cars are out OF COM
mission, with no money 70 replace or
repair them.
The New York. New Haven and Hart
The New York herald., 1921-03-12
PACKER EMPLOYEES
WILL ACCEPT TRUCE
Continued from First Page.

glad 10 meet any one Mr.. Davis desis-
mates.
'Tf Mr.. Davis can get from the pack
ers assurance that they will maintain
the status quo, not enforcing the wage
and hour proposals effective Monday
we in return VIII be glad TO defer our
vote for a strike"
The labor chief said the strike ballots
would probably be mailed out to-mor-
row. unless tire status quo is agreed to-
he said The executive board probably
would name labors two representatives
tomorrow, the secretary said.
A statement issued by the American
Association Of Meat Packers to-day
said the possible strike of Stockyard
workers has had no effect on the meat
market
while live stock PRICES have risen Z
cents a pound in Chicago in two weeks
there has been no change i'm the other
big meat centres. The local increase
was due TO suspending of pork killing
by several smaller packers and the re-
sultant competitive bidding Of butchers
who wanted TO lay In a large stock
The New York herald., 1921-03-12
some of the Heavy Losers.

Many S. -cks which recently have made
statements showing their financial posi-
tion to be very secure, or whose tech
nical position in the stock market made
bear raiding inadvissble, we're not sub
jected 10 the pressure that the majority
OF the list was forced to Withstand.
Declines in the active list ranged from
small fractions to as high as IL points.
the latter being the days loss at the low
point OF Mexican Petroleum, which was
the subject OF particularly sharp attack
in the last two hours of trading. Trad
ers learned of large number Of stop
loss orders in Mexican Petroleum around
$50 and under, and once they had broken
it through that point it fell. with no
apparent support of any kind.
Other heavy losers were American
Sumatra Tobacco, American Beet Sugar,
American Tobacco, Baldwin Locomotive.
California Petroleum Consolidated
Cigar, Rock Island, Atchison Southern
Pacific, Norfolk and Western, Stromberg
Carburetor. Endicott Johnson, and in
BILE others. Very few were the
gains recorded on the day, and most of
these were in very inactive stocks.
The following table gives the closing
prices of a number OF stocks which suf-
fered severe declines yesterday, with the
closing figure of Thursday and the lows
reached in December:
The New York herald., 1921-03-12
B0ATMEN's UNION WINS.
Monthly wage of *iio TO ~
Maintained.

The strike OF the Boatmen's Union
Local SAT. International Longshoremens
Association, which occurred yesterday
practically was ended last night, ac1
cording TO a statement of James
Mathews. a delegate OF the union iie
said that nearly all of the biggest boat
owners had acceded TO the demands OF
the union that wage scale or Sllv
a month be maintained.
The strike followed the announcement
of boat owners that wages had bcer
reduced from s1i0 10 500 month.
The New York herald., 1921-03-12
WORLDS PAIN and
& ACHE LINIMENT
Just one trial convinces you Sloan's
Liniment helps drive away
III rheumatic twinpes

WHY endure pain when YOU know
wv Sloan's Liniment will relieve
~ it promptly? 1t couldn't re-
main the Worlds Liniment for so years
If it wasn't highly beneficial in relieving
rhkumatic aches, stiff joints, sore
muscles, lumbago, lame back, neuralgia,
stains, bruises and the results OF ex-'
posure to bad weatehr.
Pcnstrotes ,oithom rubbing, leaving no
stained skin, clogged pores, mussiness.
"A pain and ache Eminent that stands
aleae in doing what il is meant TO do.
Get bottle today and keep II handy.
All druggists. Three sizes -35c, zoe,
Si.40. The largest is most economical.
The New York herald., 1921-03-12
LIvEsTock MEN PROTEST.

WAsHINGToN. March 11.-Thc National
Livestock Association announced To-
day that il had filed with the Inter-
state Commerce Commission complaint
directed against all leading railroads
attacking the present rates on ordinary
livestock throughout the country
The New York herald., 1921-03-12
Colorado Plant to Add
1000 New Steel Workers

PUEBLO, March 1.-THE Colo
RADIO Fuel and Iron Company
to-day announced that owing to
improved conditions in the steel
industry 1000 additional men
will be employed commencing
next Monday morning. Four
idle mills will reopen, running
two eight hour shifts.
The New York herald., 1921-03-12
RAILROADS SUFFER
IN STOCK TUMBLE
Oil, Steel, Tobacco, Beet Sugar
and Motor Also Hard Hit in
Liquidation.
GO TO NEW Low LEVELS
Holders Become Frightened
and Bargain Hunters Appear
at Unloading.
GO TO NEW Low LEVELS

The stock market yesterday was
again the scene of drastic liquidation
and severe attack which sent prices
down to new low levels for the year and
In many cases below the extreme lows
of the terrific smash in values of last
December.
With the first attacks directed against
the railroad shares, as they had been on
the preceding day, the selling Of stocks
broadened as the day progressed. and
in the early hours of the afternoon the
oils, steels, equipments, tobaccos, some
OF the motors and number of special
ties were let go by dsquieted owners
with very little regard for the price
which had been originally paid for the
same securities. Not little of the
selling OF securities yesterday is under
stood to have been for the purpose or
securing funds with which TO meet in
come tax payments due on March D.
Trading for the day aggregated more
than l 100000 shares for the first time
since January IL. and was within fewer
than 100, 900 shares OF the highest total
for this year, which was 1,l60,sS0 on
January TO- The selling was not of the
indiscriminate character which marked
the violent declines OF last December,
however. and more attention was paid to
current financial position and other fac
tors with respect TO certain issues than
Is usually the case in rout such as
yesterdays.
The New York herald., 1921-03-12

If you have money to in
west and are seeking op-
.portunities in the busi-
mess world, either as q
,partner or as an owner
,of business, consult the
Business Opportunity col
,umns of The New York
Herald both daily and
Sunday, which usually
.appear daily among the
.classifed advertisements
and in the Want Direc-
tory on Sunday.
The New York herald., 1921-03-12
BOSTON & MAINE MOVES
TO REDUCE WAGES

BosroN, March 1.-THE Boston and
Maine Railroad issued notice to-day of
a proposal to reduce wages TO certain
classes Of employees. including clerks.
maintenance of way men. machinists
and carpenters. on April 16. 1t was an
nounced that conferences would be ar
ranged with representatives OF the en-
ployees to discuss the situation
BETHLEHEM, Pa. March 11.-Oficers
Of the Lehigh Valley Railroad and rep
resentatives of more than 5000 of its
employees discussed a proposed wage
reduction for common labor here to-day
and agreed TO meet again on March q
for further consideration of tho COM
panys proposal.
PORTLAND, Me. March 1.-THE Maine
central Railroad management said to-
day that a reduction OF wages would be
proposed soon to certain classes OF om-
poyecs including clerks. mechanics.
achinists. maintenance OF way men,
station men and heads Of departments.
Ii is estimated that 1900 employees
will be affected,
OMAHA. March 1.-THE Union Pacific
Railroad has proposed reduction of Is
cents an hour in the wage scale OF COM
mon ldbOit ~ was dniiobHNtu 80
decrease would be from As 10 80 cents
an hour.
ST. PAUL, March 1i.-Wage reduc-
tions ranging from 4sis cents an hour TO
Il minimum OF 25 cents are contemplated
for unslSilled workers by the Northern
Pacific and Great Northern. ii was al
legged late to-day.
DENVER, March 1i,-Ohcials Of the
Denver ana Rio Graude Railroad COM
pany to-day announced further lay
OFF OF 700 shopmen. The road has laid
off more than 2.700 employees since jan
uary /. No action has Yet been taken
10 reduce wages. 1t was said al the com
pany Offices.
The New York herald., 1921-03-12

designations did not cause grief in times
such as these
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-20
LUSK TELLS ABOUT
GIFTS FROM POLICE
Senator Did Not Want Silver
for Wife, but Would Not
Offend Detectives.

Senator Clayton r. Lusk. whom Com
missioner of Accounts Hirshfield said
yesterday he intedded to question about
presents received from detectives after
he had sponsored the bill for perma-
nent detective bureau. declared in a
prepared statement last night that
Mayor Hylan and Police Commissioner
Enright were sitting beside him when
he received the billfold that has been
spoken of that he permitted Mrs. Lusk
to accept a chest of silver because he
felt a refusal would be slap in the
face" to detectives who had been
friendly; that the cigars and flowers
were customary presents for legislators
to receive. The silver was given to Mrs.
Lusk after the Mayor had killed the bill
by his veto.
'If Commissioner Hirshfield Is inter-
ested In the question OF presents Of
this sort" the Senator said, (which are
sometimes thrust on men in public life.
he can do lot of investigating of
money raised in the Police Department,
and by subordinates in other depart
ments. for presents for New York city
officials during the last few years, some
of which are said to run high into the
thousands. Now I have discussed my
presents, 1t Is a good time for all public
officials to come before Commissioner
Hrshfield and the Meyer committee and
discuss theirs
The dinner at which the billfold was
presented. he said. was no secret. 1t
was a dinner of 100 detectives and
guests at the Hotel Aston. and he felt
sure that both the Mayor and Police
Commissioner had received similar bill
folds.
The Senator said that II he had known
about the silver In advance he would
have prevented its purchase. He &C
copied 1t reluctantly, he said. when he
learned that It had been engraved and
could not he returned.
1.-The committee was headed by De-
tectives Gegan and Brown. whom | had
learned to like and admire" he said
THE detectives who have been pre-
scented as Objectionable by reason OF
their money raising had nothing to dc
with it. Sergeants Gegan and Brown
and the rest Of them knew there was
nothing else In the world they could dc
for me, and I suppose their enthusiasm
found ITS elimination in this silverwart
gift. I told them repeatedly that / die
not wish to have them do this"
AS for the detective bill. the Senator
said it was the first piece OF construc
tive legislation toward the end OF max
ing New Yorks Detective Bureau an in
stitution in which the men would be free
from political CONTROL
Mayor Hylan and Commissioner En-
right both praised the bill, he said. but
said 1t could not be accepted because OF
the expense involved. None Of the pres
ents, he said, were made until after the
bill had been killed.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-20
COALITIONISTS USE
HYLAN PET PLANKS
Continued from First Page.

for a five cent fare under all conditions.
he declared He doubted II there were
many members who knew whether the
lighting and telephone rates were too
high
I'VE have got to appeal to the Repub-
licans with this PLATFORM said c. s.
Reyes, "and it is unfortunate TO antag-
onize them unnecessarily. l am not In
favor of saying anything about change
in the transit BILL" Others spoke along
the same lines.
T. w. Hickey. taking the other side
of the argument. said the outlying dis
tricts wanted five cent fare There
was no time for a campaign of educa-
ton on the fare question.
I'VE want to persist in our vehemence
for five cent fare" sid e. Kaufman or
Brooklyn. "If the Transit Commission
says il is not enough we must say they
are wrong"
"If we want something simply to catch
the eye" said G.. w. Thompson. why
not declare for a. three cent fare. But.
IL we put what Is false in our PLATFORM
we deserve TO lose"
eff we don't stand for five cent fare
Mayor Hylan will win." said one man.
whats the use of making ourselves
ridiculous?" asked Mr.. Thompson he
asked for vote on the plank. Mr..
Price said It was not necessary because
of the mail vote. He declared railing
costs made a cent fare feasible. IL
It did not pay charges the deficit should
be made up through taxation.
A vote finally was taken and resulted
in 81 for the plank and 10 in opposition.
The conservatives defeated a para
graph which would have given the
school board entire freedom from super
vision of it's financial affairs by the
Board of Estimate. The paragraph con-
tanned declaration for an appointive
board of nine members.
"As to the division of responsibility
in the management of the schools at
present. said Mr.. Thompson, I'VE have
got to have some strings on the Board
Of Education 1t Is not little tin god.
although II may be made up of some
thing of that character
"Why not ask the city to sell ice
cream cones?" asked c. V. Dykeman of
Brooklyn in opposing the paragraph on
the sale of ice and coal by the city.
~ am not sure l am not in a Social
istic body"
1--WE are playing right into the hands
Of Hylan." said Mr.. Dorman.a opposing
the radical plank on home rule.
Mr.. Price stated that what happened
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-20

to home rule In Albany was absolutely
immoral" The plank was passed.
Objection was made to I'VE favor the
appointment OF a civilian commissioners
(police) who shall In no wise be identi-
fed with department politics. but 1t was
adopted
This plan was adopted after some OPP
position: 1--WE favor local machinery
to minimize local unemployment. partic-
ularIy the establishment of city employ
ment bureaus. experimenting those OF
the State. and the development of con-
crete plans by city engineers to expe-
dite city public works in periods OF I'm
employment"
loyalty and good character of our teach
ers, and we object to the arbitrary power
vested in a single individual to judge
az to what does or does not constitute
loyalty TO our institutions. We oppose
arbitrary denial of the use Of school IA
cilities for public meetings"
Strong obje ctiols were made to the
inclusion OF a plank on direct primaries
on the ground that 1t was a State func-
ton. But this was passed "'The move
ment for the repeal of direct primaries
threatens local elections. We favor the
election of city officers pledged to retain
and to improve direct primaries for local
Offices"
Alrick Man OF Quesns, who had stood
right through with the conservatives OF
the committee. suggested that after the
committee had revised the phraseology
the platform be referred back to the full
body But 1t was decided TO send 1t d.
rect to the steering committee OF the
anti-Tammany forces as the recommen-
dalton of the coalition committee.
May / withdraw from this commit
tee and it's PLATFORM" said Mr.. Dornar
as he stalked out the door. No comment
was made on his departure.
About fifty 1ames have been added
to the coalition committee.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-20
TYPOS RATIFY AGREEMENT.
Present Wage Scale to Remain in
Effect Until Next July L.

1t was announced yesterday that the
members of Typographical Union No. 6
had ratified at a general meeting the
agreement proposed by the Newspaper
Publishers Association by which the
present scale of compositors' wages is TO
remain in effect until July l of next
year.
The scale provides that men working
on the day shift receive $55 for a week
OF forty-eight hours, men on the night
shift $5S for for a weight hour
week, and men on the midnight shift
SCI for forty-two hours. Eight continu-
Gus hours. including thirty minutes for
lunch. constitute a nights work. the
hours to be between p. NJ. and A. NJ,
except on Saturday. when the hours may
begin at P. M. or any time thereafter
until and including 7 P. NJ Formerly
they were paid time and half for the
first three hours of Saturday work.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-20

sERGT. BROWN TESTIFIES

In the conflict between the Meyer
Investigating Committee and David
Hirshfield, Commissioner of Accounts.
yesterday over the inquiry into the
slush fund which was sent to Albany
last spring to accelerate a bill giving
detectives permanent jobs. the hunt
for the man who got the money was
lost sight of entirely. The State and
city investigating bodies appeared
more bent on discrediting each other
than in running down the grafters.
Continuing its efforts to establish
that Senator Clayton r. Lusk. ma
jority leader, who sponsored the bill.
knew nothing about the. fund. the
Meyer committee .called several wit
nesses, including Police Commissioner
Enright and Chief Inspector Lahey.
Senator Meyer, chairman, said his only
purpose in breaking in on Hirshfield's
investigation was to clear Lusk and
not to trace the slush fund. Lusk is a
member of the Meyer committee.
Hirshfield charged that the Meyer
committee had broken faith by jump
ing into the inquiry after promising not
to do so and was going to remarkable
lengths to whitewasn Senator Lusk.
The Senator was scheduled to appear
as witness to-day at Hirshfield's hear
ing, but the latter withdrew the invi-
tation and announced he would decline
to question the Senator.
Getting a One Sided story.
Senator Meyer answered Immediately
that Hirshfield was calling only wit
nesses who would tell a one sided story
obviously designed to discredit the Leg
islature and it's committee and was re-
fusing to call those detectives who had
had authority to work in Albany for
the bill and could disprove the Doodle
charges.
The slush fund scandal broke when
Commissioner Enright received an
anonymous letter on July telling him
about it. In the investigation made inn
mediately by Inspector Lahey at the
Commissioner request 1t developed
that Detective Thomas II. Conkling
prominent in the controversy as one OF
the men who handled the $4,000 fund
talked police legislation with John Kleist
when the subject was up in 1920. 1,
was reported commonly In Albany dur
ing the 1920 session that a slush fund
was back of the bill then pending, bu,
it never was investigated. Kleist re-
ceived the $4,000 last spring, according
to witnesses. to lobby for the bill. This
is the first time the 1920 bill has been
mentioned in this inquiry. The testimony
taken by Lahey was laid before the
Meyer committee yesterday.
Commissioner Enright knew little
about the bills offered last spring. he
testified, but he did approve the 1920
BILL which was somewhat similar to
the one passed this year. He did not
take any stand on the bill and did not
see the Mayor about It, He thought
detectives ought to have some degree OF
permanency. Asked whether he could
produce his memorandum on the 1920
bill he said:
II don't know what papers we have
left after all the raids made on our Of
fees"
you are talking loosely, just flip
PANTY. aren't your" Leonard Wallstein
counsel for the committee. asked. The
! Commissioner insisted he was not.
Cornelius J. Brown, detective SER