davidaulloa/AmericanStories huggingface dataset:
Every evening, Wilmington daily commercial., 1921-03-25
WELFARE WORK WITH BOYS
Will be Important Topic for Dis
cussion With Rotarians at
Atlantic City.

Atlantic City, N. j., March 25.-Ju-
venile welfare work with reference to
development of lads both in body and in
mind will be one of the most important
topics for consideration by the Fifth
District Conference, International As
sociation of Rotary Clubs, to be held in
Vernon Hall, Boardwalk and North
Carolina avenue, this city, on Monday
and Tuesday, April II and IL. The Ro
tartan delegates and visitors will assemble
here on Saturday and Sunday, April
9 and 10, for on informal reunion and
'get-together" session in the Hospitality
Hut on the Steel Pier, where the big
international convention of last June was
conducted.
The principal speaker will be Frank
Camel, of Vinton. Iowa, recognized
throughout International Rotary as an
authority on the subject boy" Mr..
Gam has made study of the adolescent
from a psychological viewpoint, and has
formulated course of training calculated
Every evening, Wilmington daily commercial., 1921-03-25
NO. TREASURE STORES
IN OLD RODNEY HOUSE
Historic Mansion on Hill Over
looking City Almost Entirely
Razed to the Ground.

TnO razinG Of the old Rodney Man
Hicn on the hill Is almost complete, and
within a few days all traces or the MS
toric mansion Will have been oblterat-
"a. For tho information OF scores OF IN
ouircrs. II may be stated that thus far
In the work the men engaged on the oe-
y,,olition of the structure have not come
across any secret repositories. wherein
were. or might have been, deposited
documents or other articles OF vaiue or
historic interest. 1t evidently was the
general impression that once the work
OF destruction got under way there
might be some such discoveries OF mo-
ment. Such has not been the case
The old building WAS set up 10 last
and the crew OF men tearing 1t down
ara some fine examples of masonry, of
n quality OF construction now Obsolete ;
,hey are compelled to pry one stone
sror, another as the mortar clfngs
tenaciously to all the granite rock, Ell
S.c,tne almost complete amalgamauon.
The indoor wood work of the old pile
is as GOOD and firm as ii could nave
been when put in place more than
certury ago. The beams ana giroers
are Of oak, cut with an "up-and-doWn
nav They are almost as hard as tne
stone work and scarcely at all dlScoi-
ored After their Ions service. The walls
~rer~ from 12 TO Is inches thick, and
the windows were framed and boxed
with boards of similar depth. These
sntioues. with the fragments OF the
Colonial front door hood are put aside
and may be preserved.
This front doorway that faced the
river was the most artistic or attrac-
tive feature Of the old mansion which
otherwise was narrow and craInped ana
-,retty generally unattractive. much
more SO than were the houses built in
this section. following the ReVolutlon-
airy War. by families Of means The
fire places. originally very capaclous,
IL later DAYS lost their dignity through
la, introduction Of coal stoves set into
spaces from which recesses they glow
ed in common place ugliness.
The new owners of the tract are al
ready caring for the two or three fine
old elm trees on the adjacent land.
which doubtless will soon be graded and
planted. and that pretty part Of the
CITY still more beautified.
Every evening, Wilmington daily commercial., 1921-03-25
URBAN REALTY TRANSFERS.

Recently recorded transfers OF property
in this CITY include the following parcel.
ITnion street southwest of Shallcross
avenue. the President Directors & Co.
of the Farmers Bank of the State of Della
ware from Hugh J. Toomey and wife,
S3,100. -. r
Twenty-fourth street, southeast oil
Lammot street, Abraham Perman from
Harry f. Link, ct al, $1,000.
Van Buren, street, south OF Sycamore
street. Franciszek Dobozyski from Helena
Kolakowski, S2,675.
CLAYTON street, north of Fourth street,
Frank Glenn from Edward J. Hanion,
xR 500
Every evening, Wilmington daily commercial., 1921-03-25

to develop youths into outstanding, good
fighting men. John Markey, OF the Fred
erick, Maryland, Rotary Club, Will speak
on the theme Providing for the BOYS
Physical Development Edward II.
Wingard of the Sunbury, Pa, Rotary
Clnb will discuss 'Keeping the Boys in
School," and Frank Van Geisen, OF the
Allentown. Pa, Rotary will present a
paper on"A Rotarian's Opportunity wish
the Boys He Meets
Every evening, Wilmington daily commercial., 1921-03-25
Junior Guards Minstrels.

Junior Mechanic Guards Minstrels gave
. very interesting and successful show at
o07 Tatnall street under the auspices Of
Diamond Council. lr. O. I. A. NJ, on
Monday evening. This is only the second
time the minstrels have performed The
troop minstrels Will give another per
forrnsnce at the p. O. : OF A. Hall on
April IA
Every evening, Wilmington daily commercial., 1921-03-25
Georgette and Pongee
|BlouseS $3.50, $500, $500
House Dresses $500

4 very special Saturday sale Of New Ging-
ham House Dresses in Billie Burke and
other styles. All sizes.
The Washington times., 1921-09-21
INVESTORS SERVICE

#. b. G.-About q year ago I
bought from . local investment
house q block Of stock--two shares
of preferred and one common. of
the Good Year Tire snd Rubber
Company. At the time this stock
was offered q circular over the sig
nature Of F. A. suberling. said
the stock was being sold on &C.
count OF the large surplus, etc. On
January 1. the dividend was passed
and since then ! have received
proxies to be signed, but having
lost all confidence in the manage.
ment of the company, I did not
sign any. I now learn that the
bonds have been issued. IL my
stock worthless?
ANSWERING desire to acknowl
edge the receipt Of your letter. Your
Goodyear Tire and Rubber stock ID
not worthless. Indeed 1t has a daily
quotation on the New York Curb
At the time Of writing the common
stock 10 quoted at 81 q share and
the preferred at $30h. It IL quite
true that the company recently issued
SS0,000.000 s per cent bonds. The
UOIlus arc uuo loSl. Inc company
disqualification plan constitutes the
issuance Of s4o.0oo.ooo prior prefer
ence per cent stock, Of which $40,
600. 900 has been issued to assentins
merchandise creditors. We think we
are committing no grievous error In
advising you to hold your stock in.
stead Of selling at the present very
low price. We believe that the com.
pany has passed through the acute
financial troubles and il headed for
better things, which makes us think
that eventually the common and pre-
ferred stocks win be worth more than
they are now.
A. b. 8. C.-Can you tell me what
has become Of the following COM
paniesp Washoe Mining a M. Co.,
formerly Nevada Commonwealth;
Reorganized Pioneer Co., Pioneer
Consolidated Midwest Asbestos
Co., Perry Publishing Co., Brant
Gold q G. Co., Of Denver. Colo;
North American Coal q on Co.. OF
Nashville. Tenn. ID the stock of
them Of any value. II 20, where can
] exchange or sell them&
ANSWER.-This acknowledges the
receipt of your letter Of September
IL. We very much regret the neces
sity OF advising you that we have
been unable TO secure any informa.
ton In regard to the companies men,
toned In your communication. There
appears to be absolutely no market
value for these stocks, but whether
there 10 any intrinsic value attached
to them IL q matter that we cannot
undeetake 20 say. We do not find
their names In any Of our lists.
The Washington times., 1921-09-21
CURB MARKET ISSUES
INTERESTING BOOKLET

Americas Second Largest Stock
MarNeL' Is the title Of an interesting
booklet explaining its own history
ana activities which has just been
issued by the New York Curb Mar
ket.
No longer q curb" market In fact.
1t having moved indoors on June %
last, in its new exchange building at
IS Trinity Place. New York city, it
still retains the original title.
According to the introduction Of
the booklet, the Curb, Market In its
outdoor days In historic Broad street
consisted Of q group Of men, small
In number but large In vision, who
foresaw the necessity and desirability
Of organizing a large American pri-
mary market, first to afford a public
market for new, reputable Industrial,
public utility, oil and metal securities.
Second, to establish just and equtt-
able rates for trading in such securi.
ties. both as regards the public and
themselves"
The Washington times., 1921-09-21

than ever before. since the creation
of the system.
With special reference to the agri.
cultural needs Of the country, Fed
eral Reserve Board officials an
nounced that the reserve system now
has more available credit facilities
for the farm industry than at any
time in It's history. The prospect for
the farmers Is rendered even more
encouraging by the movement now
under way to cut rates, more in
conformity to the easier money con-
ditions which are in evidence.
May Cut Commercial Rates.
Rediscount rate cuts may or may
not be represented by q correspond
ing reduction in rates to actual bor-
rowers at banks in given districts.
II was emphasized that the Federal
reserve system loans to banks. and
not the public, but 1t also was OBJ
served that recent financial develop
ments have shown that drops In re-
serve rediscourls rates have general
ly been foil wcI by substantial re-
auctions N -0nmercial rates at
banks.
General. tho tendency after re-
discourt rate cuto IL a stimulation Of
credit, aud release of new money
ipt9 circulation.
The Washington times., 1921-09-21

Oh the East and Middle est.
Boston Ii now leading the country
with q high reserve ratio Of rs per
cent. Other high Federal reserve
bank ratios are: New York, 70 per
cent; Chicago, SO per cent; Cleveland.
SO per cent; Philadelphia, 81 per cent;
San Francisco. g. per cent. Other re-
serve banks range downward in lower
percentages.
Reserve board officials said that the
diversity in the percentages of re-
serve ratio 10 due to the fact that in
some districts, notably those Of the
South and West and Southwest, the
usual seasonal liquidation which re-
suits from recurrent sales of farm
products, realization of the proceeds,
and the application Of them to loans at
banks, has been rather slow. In the
high reserve ratio districts, officials
said, chiefly in the North and East,
liquidation has been much more
speedy and normal.
Considerable Variation Noticed.
Latest reports of conditions with the
Federal reserve bank at New York
disclosed to the advisory council con-
siderable variation in the movement
OF loans and discounts. as compared
with those in Southern agricultural
districts.
Fiscal experts authorized the state
ment today that on the basis Of these
recent reports, II Is shown that the
Federal reserve system Is in q strong
position to meet requirements, and
that the machinery for distributing
credit to the different sections, where
credit pressure Is greatest, has been
perfected upon more efficient basis
The Washington times., 1921-09-21
Bond Sale Authorized.

Minneapolis, st. Paul and Sault Ste
Marie Railway Company has been
granted authority by the interstate
Commerce Commission to issue and
sell at not less than s7k per cent Of
par $4,000. 600 OF ten'year sh per cent
and pledge as collateral security for
the gold bonds So, 100000 Of first re-
funding mortgage bonds; and to pro-
cure Authorization and delivery to it's
treasurer OF s2,bo0, 900 Of first refund
ing mortgage bonds 70 be held In fits
treasury until further order of the
commission.
The Washington times., 1921-09-21
R. c. HOFFMAN REPRESENTS
EQUITABLE IN BALTIMORE

The Equitable Trust Company. Of
New York, has announced the OPP
pointment OF r. C. Hoffman, tr., as
its Baltimore representative. Mr..
Hoffman's offices will be located at
511-12 Keyser Building.
Mr.. Hoffman 10 q native Of Batli-
more and q graduate Of the Johns
Hopkins University. For many years
he was vice president Of the r. c.
Hoffman Company, Inc, Of Bait.
more, dealers and exporters in iron
and steel products. and subsequently
president Of the Maryland Bolt and
Forge Company. He 10 q trustee OF
the New York Rubber Company,
chairman of the board Of the Balti.
more Gas Appliance MANUFACTURING
Company, and q director In several
financial institutions.
The Washington times., 1921-09-21
Liberty ExempfionS.

Much confusion has arisen from
Washington press dispatches stating
mat the Senate Finance Committee
Rad adopted an amendment to the
revenue bill, making all Liberty bonds
free from taxation. Senator Penrose
10 authority for the statement that
what the Senate Finance Committee
lid was to adopt the House provision,
permitting a consolidation of Liberty
bond exemptions up to S125. 900. as
provided In Section 1910 of the House
bill. E
The Washington times., 1921-09-21
Discount Rate
Cuts Discussed

Further reduction In discount
rates In the various Federal Re-
serve districts is being con-
sidcred by the Advisory Council
Of the Federal Reserve Board.
The present rates vary from
~ to 8 per cent. No blanket
reduction Is contemplated, II
was explained. Any cuts will
be based on conditions In the
individual districts.
Easier money developing In
the market Is given ~ the chief
actuating cause Of the prob
able reductions.
The Washington times., 1921-09-21
Federal Reserve Cut
Presages Lower Rates
By w. H. ATKINS.
Intsrnational News Ssrvics

Lower bank rates early date predicted today
Federal Board. New York and Boston Federal
reserve banks both of which have flat redscount rate OF
OF per cent, will be the first to make rate cuts
Other banks in the Federal system notably Chi
cago and Cleveland and possibly Others be quick to
follow the lead of Boston and New York Officials OF the
Federal Reserve Board refuse dvuge details Of the
discussions of the council except to there had been
most extended of the economic situation and that
easier money conditions outstanding factor.
Drops in bank re-discount rates will exert
healthy influence Immediately upon credit The strength
OF the Federal system and its ability future
emergencies is clearly indicated by the almost unprece-
denied reserve ratios registered for of the big districts
AZ fnaE Il llaN Laat
The Washington times., 1921-09-21

or tnHtyHpiBHt CoH'
tains maiIy names
which win com
mand public CON
fidence, and not a
few that are re-
garded with e.
TEEN by workers.
Let US glance NJ
some of Them.
The steel In.
dustry. where un'
employment has
been grnvely wide
spread, In repre-
scented by the man
who ulquestion-
ably II the most
popular of the
steel giants In
The Washington times., 1921-09-21
Foreign Exchange.

NEW YORK, Sept. 21..-The foreign
exchange market was steady at the
opening today. the leading exchanges
being quoted around last nights clos.
ing figures. Demand sterling was x
cent higher at 3.7lh. Franc cables
yielded 2h confines to SOS for cables,
and 6.97 for checks. Marks dropped
four points to .0091. Other quotations
are Lire cables. 4.13; checks. Az; Bel.
gian cables. SOS; checks, 6.s4; guild.
or cables, 31.55; checks, Sl.53.
The Washington times., 1921-09-21
Wall Street Gossip

they stopped buying. waited for the
dividend and then sold. The neat
quarters dividend will entirely de-
pend on the condition Of business the
last three months Of the year.
Varying Opinions.
That which would only be a Diff
ference In opinion among some folks
causes considersbls trouble when u
occurs between those aspiring TO lead
ership In the market. r
'sMex..Pete" Sells Elk. -
Mexican Petroleum viii sell with
the SO dividend off today. This
would make last nights close OF
10TH equal to 104k at the opening.
The return of Mr.. Doheny, II was
expected. would bring, forth some
statement as to the exact condition
of affairs in Mexico and the agree
ment reached between the oil pro-
ducers and the Mexican government.
However. President Teagle, Of the
Standard Oil Company, was appoint
ed chairman of the American conf
mittee and he IL the only one au-
thorized to speak for the producers.
AZ matter OF etiquette, Mr.. Teagie
believes the Mexican government
should make public the agreement.
In the meantime the bears are cir
culating innumerable rumors--some
revived and others with a new twist.
The Washington times., 1921-09-21
Liverpool Cotton Market.

LIVERPOOL, Sept. 21.--There was
o firm demand for spot cotton at the
opening today. Sales were $4,000
bales.
American middling fair, 1896; good
mid6ings, 1895; fully middling, 1876;
middlins low. 1895: good ordinary.
l.e1; ordinary, Ills. .,... -
The Washington times., 1921-09-21
Chicago Grain.

CHICAGO, Sept. 21.-wheat opened
" to Y lower; corn, unchanged; oats
Nc higher to v lower; lard, higher
pork and ribs, inactive. Opening:
Wheat--scpt., 127@k; May, 1a1M
Corn-sept., Sh8k; Dec. sax
May, SIN. t"-s.Est
oats--Dec., SSH; May. 42x.
Lard-Oct.. lilo; Jan, e.75. &c.,.
The Washington times., 1921-09-21

Wire Trouble flinders
Stock Quotations

Owing to trouble with
the New York wires,
some of The Times ia
bles of quotations could
not be obtained for this
edition. II the difficulty
can be overcome, full
closing prices will ap-
pear in the Pink Edition.
The Washington times., 1921-09-21

America, Charles n. SchwNb. Steel
workmen look upon "Charlir" as one
Of themselves rather. than as a capt.
talistic nabob. He understands them.
mixes a great deal with chem and
likes them.
Henry Ford 10 not on the list, but
Ills old-time partner. James Cousens,
now mayor Of Detroit. 10. Mayor
Cousens has the knack Of overcoming
difficulties; he u intensely public.
spirited; and he Is regarded as a
genuine friend Of the working classes.
w. c. Proctor. Of Proctor 4 Gamble,
il an employer Of the new-school type.
lie handles hts own large labor forces
very successfully along thoroughly
modern, democratic lines and. like
Mayor Cousens, Ii more interested In
doing worthwhile things than in roll
ing up more millions for himself.
The Washington times., 1921-09-21
New York Clearing House.

NEW YORK. Sept. 1.--Clearing
house, statement. Federal Reserve
Bank credit, t52.500, 900: exchanges.
ss3l. 800. 200. Bal bees, $50. 600. 900.
The Washington times., 1921-09-21

.n SALES. ~ r..
Washington Gas Tvs, $10091o4h,
.e.-. - ..
Washington Railway general SIS,
$1,e00@96, S1.000@95. e.. sr.s.
Potomac Electric GIN SIS, $4,000
Money: Call loans, 5x@7.
The Washington times., 1921-09-21
|FINAN E|
T. AND
BUSINESS
~ \. G. FORBES.

The only cure for hunger 10 food.
The only cure for unemployment u
employment. Soup kitchens. bread
lines. doles and other forms OF charity
are but poor makeshifts. ...
VIII the conference on nnemploy.
ment which starts at Washington on
Monday accomplish any tangible re,
suits? .r a.
1t ought to. Sa. -.
President Harding's --or. rather,
Secretary sHoover's-seection OF mem
bers IL quite satisfactory. The list
The Washington times., 1921-09-21
Hard Work Needed.

It were foolish to indulge in noisy
beating Of optimistic Wln.toms were
optimism and optimistic action not
warranted by conditions. Let quota.
tons rise further in the security mar
kets and let prices rebound in q few
more industries after the manner they
have rebounded in cotton and. to some
extent, in steel, and there would be
comparatively little need for organ.
Izing either charity or unnecessary
public works. It will be well, Of
course, for the whole country to pre-.
pare machinery for taking care Of un.
employment. But II the conference ID
to rise to the height Of it's opportunity
4 will 90 handle the situation that
thess temporary expedients will not
prove necessary on any wide scale,
Present conditions and the outlook
do not call for further retrenchment.
but for q fresh forward movement.
(Copyright, 1891. by b. @. Forbes)
The Washington times., 1921-09-21
Selling OF Chandler.

, Chandler Motors sold Eek" the
$1.50 quarterly dividend and immedi.
ately declined on large offerings. The
selling was attributed to traders who
had bought In the belief that Chan
der would follow the advance In
Studebaker. When the professionals
observed that II was not keeping up
The Washington times., 1921-09-21

Congress Meets Again Today-Rail.
road Refunding to Be Acted Upon
nc Once-Lower Railroad Rates
Wanted--Aftermath Of Market Col
lapse--Mexican Steel Orders
Chandler Selling.
Congress reconvened today I'm spe-
cial session to run until the end OF
the year. Measures, such as revenue,
taxes. war debts. tariff, foreign obli.
cations and unemployment win come
up for consideration. One Of the most
important, the railroad question, rs to
be acted on first. While some brokers
are advising that the rails have fairly
well discounted the passage Of the re-
funding measure, others do not think
so. They state there Is some doubt
that the bill will be rushed as quickly
as expected. Opposition is likely. but
how great II will be Is hard 10 say.
congressman, especially those up for
reelection next year. are keeping In
close touch with the sentiments of
their constituents. OF late there has
been rather dissatisfied feeling in
evidence and every step will be care
fully considered. -
Left At the Post.
The small trader was waiting to buy
"on reactions" and Is still waiting as
one reaction passes.
The Washington times., 1921-09-21
Woods Human Dynamo.

Col. Arthur Woods. former police
commissioner Of New York. Ii dyna-
mic doer. He enjoys high reputation
as a successful handler Of men. 1t was
he who was chosen by the Secretary
Of War to take charge of the replacing
Of service men in jobs after the war.
He not only knows every angle OF the
unemployment problem. but he will be
able to make practical suggestions for
its alienation.
jackson johnson, Of st. Louis, chair
man Of the International Shoe Com
pany, the largest in the world. knows
from stern experience what poverty Ii.
Both he and his principal associate.
President Rand. were poor boys and
had to undergo more than a normal
share of hardships before they battied
their way to the front. Mr.. Johnson's
heart is as large as his business.
Mortimer Fleishacker In one OF the
foremost figures on the Pacific coast.
He Is q banker. but he II more than
banker. Although q large-scale capt.
talist, he can see both sides Of labor
questions, and because of his fairness
he was selected as peacemaker In yari-
Gus labor disputes which arose during
the frenzied building Of ships during
the war.
The Washington times., 1921-09-21
Labor Well Represented.

Certainly labor cannot complain
Of not being adequately represented.
Sampel Gompers, OF course. Is on
the list. So Is Matthew Vol. vice
president of the American Fedora
ton Of Labor. and one Of the very
ablest Of the younger labor leaders,
q photo-engraver. who, among other
things. studied law In order TO- equip
himself a. q capable champion OF
labor in its wrangies with capitalists.
Others are Edgar e. Clark. ex-presi.
dent Of the Order Of Railway Con.
ductors, and later chairman OF the
Interstate Commerce CommissionI
President Carter, of the Brotherhood
Of Locomotive Firemen and Engine
men; President Lewis, Of the United
Mine Workers; President O'Connor,
of the Longshoremen's Union, and
also member of the United States
Chipping Board, and the redoubtable
Ida NJ. Tarbell.
Perhaps the biggest thing the con.
fernce could accomplish, In addition
to bringing about a spirit Of greater
co-oHeration between employers and
workers, and perhaps some under
standing relating to price reductions
and wage reductions, would be to
draw up ana qlsseminate u convinc-
ing array Of fSes and figures dem
onstrating the soundnes Of our
whole economic position. chronicling
progress already made in reviving
activity in many directions, and
urging bankers, Industrial leaders,
railway operators, buyers, and the
consuming public to cast off the
fear that has gripped them as q
straitjacket and go ahead with
courage and faith and industrious
The Washington times., 1921-09-21
Gary, I'm Mexico.
Market Street Pool.

From the caliber Of Market Street
Railways propaganda It is evident that
the pool Is considering 1t Ii time to
unload.
The Washington times., 1921-09-21
Unselfish OIL Men.

The advice Of brokers associated
with the oil interests, so pronounced.
ly bearish during the last three weeks.
might be summed up as follows:
please sell stocks and break the
market SO that we can buy a line
cheap before general business Inn.
proves further"
The Washington times., 1921-09-21

Stock sales up to
II .. m. - noon. Ip.m. I'D. m.
1880 2ss.700 s06,2o0 3SS. 100
Bond Sales up to-
IL o. m ~ noou- lRu. 2p.m
ASH, 900 s,si1 900 s,ss6, 900 II, oil 900