davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-10-16

nITTSBURGH, Oct. 15.-The
~ steel industry continues to
H. show slight gains in volume,
but no marked evidence of permanent
restoration to a normal condition.
Mills which are operating nearly
full capacity are doing so on the
accumulation Of small orders. Few,
indeed, have any contracts to roll big
tonnage extending over long periods,
which is the normal condition of the
industry and the goal toward which
the manufacturers are looking anX-
iously. 1t is a hopeful indication,
however, that the volume of small
orders seems to increase somewhat
from week to week, SO that the mills
are able to continue operating on a
fair percentage
All hope for normal times in steel
manufacturing nov centers in securing
reduced freight rates, liquidation of
railroad, mining and building trades
wages and adequate reductions in tax
alton, so leading manufacturers in the
Pittsburgh and Youngstown districts
believe. The movement to procure
freight rate reductions has been grow
ing apace and sope hopes are now en-
tertained that revised schedules will be
filed BY railroads which Will release
business from the thrall which has held
If TIGHT for the mast Vear
New-York tribune., 1921-10-16
Aower " Wcges Next

Acceptance Of a reduced scale of
wages by railroad workers and miners
s the next and inevitable step toward
business adjustment, it is pointed out
here. further concession in wage
rates by the organized building trades
workers is also looked upon as essen
tlal to II complete restoration Of condi-
tiOns Favorable to resumption 1t is
pointed out that building is still de
lnyed by the costs Of labor. which make
1t Improbable as an investment, and
that further concessions are required
before the large volume Of business
from this field can come into the mar
kct
A scale OF wages in the building
trades Of the Pittsburgh district,
based on the highest rates that were
recognized by the Employers Associa-
ton, indicatcs thot there is still room
for adjustment 60 euable ar actual inn
petus TO b. given TO building in this
region. THIS scale, made up for the
ycars 1900 to October u, 1921. inch.
alVe, shows that brlchayers in 1868
and up T. 1909 we're receiving SO canis
an hour and that the rise in wages
rcnhcd lts peak In the last quarter Of
1920, two years after the closc Of the
waf, the top wage being $l.50 an hour,
and that the present rntc is under
$i.20, or still nearly double what it
wns in lJO5-'0s
Narpcntors in 1903 md 1909 were rs-
New-York tribune., 1921-10-16

The Sharon Steel Hoon Company is
operating three Of its finishing mills,
and President Severn r. kcr statcs
that the bus ness outlook is better now
than it has been for months. The sheet
mill Of the American Sheet and Tin
plate Company at Farrell, Pa, is work
ing at 100 per cent capacity, and the
tn mill is operating twenty out Of
thirty hot mills, with prospects of CON
tinued operations at 70 per cent.
John Perry, president Of the Valley
Mould md Iron Corporation, Sharon,
Pa, is optimistic over the industrial
New-York tribune., 1921-10-16
Japanese Order

The National Malleable Castings
Company, Sharon. Pa, has just re
ceived n fair sized order for anchor
chains from the Japanese governments
TINS VIII keep the chain department
going for some time.
The American Bridge Company is
now operating nine of its fourteen
plants on part basis
Follansbee Brothers Company. mann
facturers of tinpiatc. are operating
their Old plant at Follansbce, w. Va,
on basis of about so per cent
Tic Carnegie Steel Company has
broken ground at Clarion for the IN
stallation of Il Iarge addition to the
by-product coke plant. which is to be
constructed by It's own organization
The Standard Steel Car Company,
Mt Butler. will he operating at prac-
tcally full capacity beginning next
Momay. on an order for 900 freight
cars for the Baltimore g. Ohio Railroad.
New-York tribune., 1921-10-16
Weok and Strong Roads

There il one aspect Of ths way Of
going about railroad Consolidation
which even Professor Ripley in his
comprchensiye md painstaking report
ooes not ditc1ss lully, possibly hccausc
Sc ss.Dmcd TINT II was not within hi4
proyince. Both IN the Southeaat and
the Bo7th~cst railroad Systrns ~erc
~ the past bDjlt up by unloading FINN
eiaily wcak or phyyieally poor proper
sies on fne strong properties. Tho Oh
iect n pftcn in the past was 10 afford
profit fDr the insidcr who held an in
tereet IN the wcak road that nan being
1oisted IN the strong one. in both The
eoothsakt and the Soutnwest the
ffocess led, M q rule, 70 the bank-
suptcy Of the stroDg road where the
unloading proc"ss waa carried pcry far
New-York tribune., 1921-10-16
Southern and CIinch field

Even were the Clnchheld TO be OF
10 particular advantage TO the South
ern as d coal road, if the Southern
undertook TO develop through route
over it for interchange of traffic with
the Northwest it ought to be, or at least
might be, an important factor in the
general development Of tho Southeast
and be q factor in the trend of this
development. To an outsider it would
appear that the Southern Railway, with
its smaller mileage and it's interest
more wholly identical with the ter
-itory which it serves and, further
more, with less of conflict Of interest
within that territory, would be better
ttted to develop connection with the
Northwest than would the Atlantic
Coast Line system.
Both the intergtate Commerce Com
mission and Professor Ripley 81 his
'eport recognize clearly the comrAlling
reasons which have led to the exparl-
sion of the Southern Railway and also
which have put limitations upon that
expansion. Just a the New Haven
manufacturers problem IS inextricably
icd up with the New England railroad
Lrobien, so the Southern cotton grower,
southern cotton mill operator, etc, is
italy interested in the Southern Rail
way, and the Southern Railway is
rlta'ly interested in his pros perity.
This il true 70 less extent. il is be
.ieved, with the system 40. II, IS con
tituted by the Interstate Commerce
Commission.
System No. II includes the Atlantic
Coast Line and it's two affiliated lines.
The Louisville & Nashville and the
Nashville, Chattanooga 4 st. Louis.
lung on to this prosperous we'll man
aged railroad system az now consti-
tuted. u the Florida East Coast, At
ianta & West Point, Charleston & West
carolina, Louisville. Henderson e. st.
Ioaia, Western Railway Of Alabama,
richmond, Fredericksburg & Potomac.
::>orfoiE Southern, the many times
bankrupt Atlanta, Birmingham {, At
lantic, thc Winston-Salcm Southbound
the Carolina, Clinchfeh and Ohio.
Georg'a Florida Gulf, Mobile &.
forsnern, and Iissiseippi Central
Suct grouping es this carries out
TIC main object oY the combination Of
Joaas as both tho Interstate Commerce
romr'sslon and Professor Ripley in
terpreted the transportation act. /.
combines the weak hnanei al roads With
ttrong financial roads, in an attenpt
to eliminate the weak roads' problem.
New-York tribune., 1921-10-16

Air Line with the Illinois Central
System No. 10 is the Southern Rail
way system almost unchanged. 1t in
cludes the Southern Railway proper,
the Alabama Great Southern, the
Georgia Southern & Florida. Southern
Railway in Mississippi, Northern Ala
nma. Cincinnati, New Orleans 4
Texas Pacific, New Orleans Great
Northern and Alabama & Nicksburg.
This is approximately the Southern
Railway and affiliated lines as now
constituted William 2. Ripley, pro-
fessor OF economics of Harvard Uni
versity, in his report 10 the commits
sion on railroad nsolidation, adds
the Carolina, Chnchfield e. Ohio to the
Southern Railway System. The com
mission adds this road to its system
No. II. The commissions plan carries
out the present affiliations and traffic
relations between the Carolina, Cllnch-
field & Ohio and its Southeastern con-
ncctions, but Professor Ripleys sug-
gestion would seem more logical. The
Carolina, Clinchtield & Ohio runs
from the northwestern border of Vir-
ginia south TO connection with the
the northern part of South Carolina
The Southern Railways coal fields lie
southwest of the Ciinchtield fields and
sre competitive with the Clinchveld. It
is presumably for this reason that the
commission links the Carolina, Clinch-
field 4 Ohio with the competitive sys-
TEN of the Southern Railway rather
than with the Southern Railway.
New-York tribune., 1921-10-16
Other Wdges

Painters, according to the scale,
were paid 45 cents an hour in 1908 to
1911, since which time their wages
have steadily mounted until to-day they
are paid so cents, or just double the
amount received in 1910, with no re
ductions indicated.
Plumbers in 1908 were paid 30 cents
IN hour and are now receiving 81, or
exactly double Their peak wage vas
received III 1920 and was $110
Electricians (insidc wiremen) got so
cents in 1905 TO 1912 and are now paid
Just double that amount, or ST an
hour. Their highest wage was re-
coivod in 1920 and was sl10.
Structural iron workers have seen
their wages go up from 80 cents AN
hour in l905-19l1 until 1919, when the
peak Of 81 an hour was paid and is still
being pad No reductions being re-
corded in this trade.
Even the humble and traditional hod
carrier has been the beneficiary of the
wage increases and has, eingularlv
enough, not been obliged to accept any
reduction as yet In 1905 and 1906 he
was paid ~ cents an hour and is to-
day receiving 50 cents an hour. or IS
for ten hour dav.
New-York tribune., 1921-10-16
Wage Cuts in Other Lines May Aid Steel Industry

would get on this basis business would
continue uninterrupted and the present
condition would soon be rectiicd Of
course. it would take some time to get
back to 100 per cent basis, but we
would go along in a satisfactory man
ner.
Steel is selling st 1877 per cent of
pre-war prices, while the reduction in
wages has been from so TO 40 per cent
"Reports show there is immediate
relief in progress through the local
committee in many cities and communi-
ties"
New-York tribune., 1921-10-16
Higher Prices Talked

The Brier Hill Company is the arg-
est independent maker of sheets and
plates III the Middle West Other in
dependents have been slower in follow
ing the lead taken by the Brier Hill
company than when the previous in
crease was announced in sheets. One
large interest reports that while it will
probably establish the higher level. no
definite decision has beeu reached.
while another states that its course is
still undetermined One Of the signif-
cant features of the action is the an
nouncement by Brier llill that no CON
tracts will be entered into at these
prices. in anticipaton of another ad-
vance before the first of next year.
Effect of such an increase at this
time will be to partially stimulate buy
ing and enable producers who have
oeen selling their output at loss to
make some profit. 1t is claimed there
is not the unanlmity among sheet max
ers with reference to the last advance
therc was previously, and some may
hesitate to enforce the higher prices
Of 2.15c for blue annealed, 3.25c for
common sheets and 425c for calva-
nlsed, all base cages. Some interests
are disposed to permit buyers TO enter r
long contracts at the old levels Such
pollcY, it is contendcd by some Of
the major interests, viii simply tend
to weaker the market and will have n
disastrous effect upon the sheet mar
ket during 1922. The stability of the
latest advance will have much to do
with the hrmness of the market next
year. such interests contend.
New-York tribune., 1921-10-16
Seeking to Reduce Cost /
OF Business Failures
Trustee Plan Preve nts Dumping Goods
ON Market in B ankruptcy Sales
and Effec Is Saving

NAN business failures reduced? Experiment
carried by commercial wreckng indicates that there
make less costly the results of business
disappointment For eight systematic attempt deal
fresh, constructive lines with that fallen wayde
been made The lessons learned from
when under the arreacng depression mortality
scared have been the oet fruitful.
New-York tribune., 1921-10-16
No Security

OF course there is none; the Bolshe-
Wiki, or at least the more fanatical
among them, do not consider them
selves bound by "bourgeois commercial
obligations" and some Of them to whom
/ have spoken have openly said that
they will not hesitate 10 urge that the
concessions be revoked at the first
convenient moment, no matter whether
the term Of years stated in the con-
tracts has expired or not. Others among
the moderatcs have said that when the
social revolution takes place-as they
still imagine it will--throughout the
world, the concessions viii cease to
hold good, because it would be absurd
for Russia to be the only country where
capitalism still obtained in Bolshevist
world.
But this is not on event1ality that
need be considered seriously. a third
group of Bolsheviki say there is
ne need to worry about resembling the
concessions, because if the Bolshevist
government can retain power in Russ ia
for as long a period a the term of the
concessions which have so far been dis
cussed-most Of them are for periods
OF from thirty to sixty yeais-and
these then revert TO the state, every
thing that the concessonnaires do will
eventually be to the profit of the Boil
sheviki, and foreign capitalists may
therefore, be safely encouraged to
come in
New-York tribune., 1921-10-16
keystone Telephone Earnings

For the nine months ended Septem-
ber 50 the keystone Telephone Con-
pany reported net earnings os Sa44,lS''
compared with S4Ss.l52 for she corfe'
spending period of the precedin yesf'
and balance available for dividends
surplus and reserve of S9t.76S, agains'
Slla,ASt. For September net earning
were $59,302. compared with SAa9. ~
September, 1920, and balance nVsilass
Tor dividends. surplus and reserV"
Sl9,36b, against Sl3.27I
New-York tribune., 1921-10-16

country-if any really exist-could not
easily be got out. To run d country
economically there are needed an eco
nomic machine, degree of credit and
some social security. None of these
things exist in Bolshevist Russia to-
New-York tribune., 1921-10-16
Solving Problem OF Weak
Roads i'm South Not Easy
Southern Railroad May Not Be Able to
Garry All 1t Is Asked To i'm the
Proposed Consolidation

Of
of
noft
cioi Editor)
%HE
in consolidation railroads
founded Southern Hallway,
linking
New-York tribune., 1921-10-16
BY c. f. Bechhofer

by K. l.. ESChhOter
r + THERE is still anybody in
America naive enough to take
the Bolshevists seriously, he must
have had considerable shock when
the news Of their new economic pol
icy became known. The details of
the new economic regime have been
rather obscure up to the present, and
there are probably few persons, even
among the Bolshevists, who really
know what they actually mean.
There are, of course, the DEGREES
themselves to go by, but as always
in Soviet Russia every decree is
followed by dozen others modify
ing, confirming or negativing the
preceding.
In Moscow last month had long con-
versatlons with two Of the Bolsbevist
chiefs, both of whom might be ex-
pected to know as much about the new
DEGREES as anybody can They were Ka-
mcnev, the head of the Moscow Soviet
and Lenine's old colleague in the pre-
war days OF Bolshgism. and Chicherin,
the Bolshevist Commissary for Foreign
Affairs. kameney is supposed to have
been one OF the principals who drew up
the new proposals, while Chichcrin is
wei known as one Of the few sincere
moderates in the Bolshevists' ranks. 1t
is true that the accounts they gave me
Of the details of the new plans differed
IN many respects. but the following
facts seem TO be common to the state
ments that they both made
The new plans may be divided into
three groups--those concerning for
egn capitalists, those concerning Rus
sian capitalists and those concerning
small industry. l will take them in
order
New-York tribune., 1921-10-16
BOIsIneuists Striue in Vain 10 Reuiue
Russia BY Restoring Private lnitiative

stand in the way of these various
schemes coming into operation. The first
is the dfiidence that foreign capitalists
feel about trusting the Bolshevists to
keep their word. What security is there.
they ask, that the Bolshevlsts viii not
suddenly revoke their new DEGREES and
once again contiscate the possessions of
foreign concerns?
New-York tribune., 1921-10-16
History Of Southern

The reason why the Southern Railway
staggered along for so many years just
escaping bankruptcy in times of de-
preston was that large amount Of un-
profitable mileage had been taken into
the system. The mere fact that the
Interstate Commerce Comm ssion pro-
poses, in forming System No II. to in
clude with the louisville g. Nashville
the Atlanta, Birmingham g. Atlantic,
which never should have been built,
does not make it in accordance with
economic law, nor Will it be any pro-
lection aga nst bankruptng what ia
now financial and operating railroad
system that the South takes pride in.
Rnilroad men who Geo 5n's feet clear
~ also point out the fact that this is
no reflection on the Interstate Commerce
Comm ssion, nor on Professor Rlpley's
report The weak railroad problem il
one which the transportation act calls
upon the scheme OF consolidation to
solve, and Professor Ripley and the
commission are merely using the tools
which they have. No one can dispute
the fact that the Atlantic Coast Line
and the Louisville & Nashville, with its
subsidiary Nashville. Chattanooga &
st. Louis, are the strong roads Of the
Southeaet. both financially and physi
cally. If some railroad body has got to
support Cne ralirOad lame, NalL ana
blind Of the Southeast, the Walters
roads could come more nearly doing 1t
than any other Southeastern road.
1t viii be seen that the Interstate
Commerce Commissions sugges ton for
the Southeastern roads ia analogous to
that Of Professor Ripley's treatment
of the New England roads, but is not
in accordance with it's own suggestion
for the solution of the New Eng and
road problem. The Interstate Com
merce Commission does not suggest
even in alternative system the pos
sibility of dividing UP the Southern
lines among systems which would ex
tend either into trunk line territory or
! form part of transcontinental sys-
TENS. At least such plan as that
would have further spread the burden
that has all been heaped on the Wal
ters roads under the Interstate Com
merce Commissions plan.
New-York tribune., 1921-10-16
Ho,U Plan W 0yks

Under the plan, when a trusiceship
Is effected and the business $ 10 bc
continued the creditors decide Oh
certain percentage Of the income from
sales TO be set aside as d sinking fane
to hquidate the old accounts. In most
cases new merchandise is necessary
t. carry on the business. This is sup
piled, either by the old creditors. o,
from new sources OF supply and paid
for on the regular terms, as If no pre-
ferred claims existed.
In the cases where the business Is
dIscontinusd the expense entailed in
the proca&s is small. The highest
amount that such expense has totaled
has been $500, according to Mr.
Stevens. and the average runs unde,
Sl00. In contrast to this, Mr. Stevens
showed the final statement of 3
regular bankruptcy proceeding in >
case in which he acted as attorney
Tor some Of the creditors. although the
case was not under the jurisdiction Of
the association. The liquidation as-
sets Of this concern totaled S2.4O0 but
The expense of liquidating was SlI73.
leaving less than half the assets to be
distributed among the creditors.
New-York tribune., 1921-10-16

situation, but does not anticipate that
the mills will be back to normal before
next spring.
Iron and steel manufacturers are al
most certain that the railroads are on
the point of placing orders for equip
mcnt and other materials. AS evidence
of this statement they refer to the re-
cent order placed by the Baltimore &
Ohio Railroad for fifty locomotives and
1000 steel freight cars
The most conspicuous development
in the steel industry the past week has
been the advance, effective to-day, by
the Brier Hill Steel Company of 50 per
ton on all grades Of sheets and of 50
per ton on nlates
New-York tribune., 1921-10-16

oeiving Do cents an hour and in 1920
were being paid S1.25, and are now re
ceiYing 81, or more than twice the
wage scale Of 1903 and 1909
New-York tribune., 1921-10-16
Few Persons Even Among
Soviet Understand New
DEGREES on Economic
Regime; Invite Foreign
Capital TO Aid Industry

(The subjoined article ia from the pen
OF q British journalist loho recently
traveged through Soviet Russia and IN
teruiet0ed BoIshevist feoders and niscel-
loneous individuals. 1t aaoiY=es the at
tempt Of the Communist statesmen TO
attract foreign capitoIists bg granting
ooncessions.-F'inancial Editor.l
New-York tribune., 1921-10-16

The success OF the Santa Fe, on the
one hand. and Of the Atlantic Coast
Line, Louisville G. Nashville (the II. H.
Walters roads) on the other hand, was
due in considerable part to the fact
that they did not take into their sys-
tens and attempt to digest any large
proportion of badly located or badly
financed railroad mileage. AS matter
Santa Fe expanded and was developed
without, so far az now appears, a
single lame duck taken under its wing
New-York tribune., 1921-10-16

sITTSBURGH, Oct. 15.-The
steel industry continues to
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-03-01
RICHARDSON DRAWS
so DAYS IN POLICE
C0uRTAT NEWCASTLE

NEWCASTLE, Ind, March Jesse
Richardson, of Cambridge City, who
was arrested for alleged illegal pos
session of intoxicating liquor here last
Friday, was sentenced to 60 days at
the state penal farm and given 500
fine in Newcastle police court Mon
day afternoon.
Richardson was arrested with a
party of six others, five stating their
homes were in Richmond. They gave
their names as Mr. and Mrs. Roy Wy
mans, William Ketter, Edna Ireton
and Violet Morton, it is said. The
other five were released, Richardson
taking the responsibility for all.
Find Six Quarts
The party was picked up by officers
who had been tipped off that Rich.
ardson was connected with boot.
Logging" gang and would be in New
castle Friday afternoon. He was ap
pretended as he entered his car in the
business district. Six quarts OF
liquor, one pint bottle and an empty
bottle were said to have been in his
possession.
Richardson appeared before a ses
sion of the grand jury Monday morn
ing. The testimony given by him al
the session could not be learned Tues
day morning.
Jesse j. Richardson, who was sen
fenced to serve 60-day sentence and
filed 500 in Newcastle city court Mon
day, was under indictment by the
Wayne county grand jury for alleged
illegal sale of intoxicating liquor in
Wayne county. His trial was set fol
March 25. Local authorities are ex
pecting to let the case rest until the
expiration of the term Richardson rs
now serving at the state penal farm