davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-12-23
MANY CHANGES IN FIRMS
IN FINANCIAL DISTRICT
Some DissoIve; New Partners
Admitted; Members Retire.

Many changes In New York Stock
Exchange firms will take place on JAN
uary I.
Frank ]. Bittel and A. J. Barrett VIII
retire from z. Lowitz & Co.. oe
Bruyn from Boissevain & Co.; Cnaries
e. Spiegelberd will be admitted 20 the
firm of James NJ. Leopold q Co, franh
Milan to w. A. Gardner Co.. Orrlh "
Wood and Hermann +. Clarke 70 Ssta'
brook & Co, Emil A Tauchert to bram'
lev e. smith. Paul StamYn to Ladenburg,
Thalman & Co, Albert II. Brand TO u.
II stern & Co., James r. stevens, Jr''
to Paine, WepDer & Co.. Alfred Dryer
will retire from and Peter J. Maloney,
Jr.. will be admitted TO Block. Maloney
& Co. ~
Charles T. De Bevoise and henry H.
Hollster I'd will be admitted to the hrm
Of Foster & Lounsberry; Edward 4. IL.
Talnadge. Jr., to Clark, Dodge q 20.
Alexander e. Hunt, Harold Hartshorne
and Hugh Il. Coyle to $. B. Chaplin q
Co. William C. Biting, Jr.. to Lorenzo
Il. Anderson g. Co. A. T. Lawrence to
CHAPMAN, Carman & CO; ; w. IL. GoodpS
will retire from w. II. Goodby " co.
Henry w. Warner from Warner q CO.
Edwin D. Morgan. Jr, from Redmond
& Co.
The firm Of James S. Gross & Co
will be dissolved. The new firm oil
Adler, Cowen & Co. viii comprise
Adolph Il. Lichtenstein, Hamilton Adler
and Edwin Cowen. William 5. Masten
George NJ. Paisley. Fred Q. Masteh
William ]. Marks, william j. Fleming
and Louis f. Brand will form the firm
of A. z. Masten & Co. Joseph ID. Fran
kel and Arthur II. Goetz will form the
firm Of ]. ID. Frankel & Co. j. Clarke
Dean, J. Victor onativia, Jr.. u. r.
Rosenbaum. Il. S. Rosenbaum and Har'
Taylor will make up the firm OF Dean
Onativia & Co.; Cushman Newhali'
James S. Gross and Charles II. Dinen'
derffer will form the firm OF Newhaii
Gross On Diffenderfer.
Dlumenthai Brothers Will be dissolved
an of December 81.
The New York herald., 1921-12-23
FOREIGN STOCKHOLDERS
OF PENNSY DOUBLED
Total List ShoYs Gain After
Several Decreases.

Foreign holdings Of stock Of the Penn
sylvania Railroad virtually doubled In
November. 1t was the first definite In
crease in foreign held stock Of the cor
poration since the war. On December
foreign holdings represented 2s2 per
cent. Of tho total amount outstanding.
against lat per cent. a month earlier.
The increase was ascribed to reinvest-
ment in American securities by for
eigners. which can scarcely be dee at
profit now. and more particularly to a
return of securities by the British COM
mission which mobilized English twned
securities In America during the var to
strengthen Britain's credit here.
After four months of decreases thu
stockholders list of the road shows an
increase. It's stockholders on De, mhe-
totaled 140, 39S. an increase of : 0oS over
November 1. The roads record number
of shareholders was 41,075, reached on
July l. 1921. An increase of 9.2S3 holders
is shown over the total of yea ago.
Women numbering $3.50 now hold a0.s9
per cent of the company's stock.
The New York herald., 1921-12-23
BEVERIDGE DEMA NDS
ECONOMIC TAX PLAN
Country Must ReDiue Business
First, He Says.

Special Dispatch to THE New York HERALD.
SOUTH BEND, Ind, Dec. 22.-Albert
]. Beveridge. speaking before the South
Bend Rotary Club last night. denounced
the present Congress for continuing or
making worse the old tax system which
he declared TO be in violation of every
economic law.
Other violations of economic law
which have helped place business in
it's present plight, said Mr.. Beveridge,
are the failure of the transportation
systems due to the early looting of the
roads and the present domination Of
labor chiefs and the "concealing'' Of
invested capital in tax exempt securities.
The outstanding duty of the country
now is to revive business, asserted the
former Senator. who advised ruthless
fy putting aside every reformer who
interferes with the restoration of sound
business 1t is no time for shell
game of politicians who care only for
offices, he declared.
The New York herald., 1921-12-23
EAST RIVER SAVINGS
BANK TO PAY 4l-2 p. C..
First of Large Institutions to
Make Increase.

The first Of the larger savings banks
to declare interest to depositors at the
rate of Az per cent. year was an
nounced yesterday, when the East River
Savings Bank increased the rate from
4 per cent. to Az per cent The in
crease is described as an extra disburse-
ment. Until two years ago several saw
ings banks were content to pay az per
cent to depositors, but subsequent
grown of earnings caused an increase
to a general rate OF per cent
The East River has paid dividends
regu arly for seventy-five years and its
deposits and surplus funds have grown
steadily. Total deposits exceed $4,000
900 and the surplus fund is more than
s6.700,000. The bank has 30 900 de-
positors. The year 1921 has been
one for all savings banks
and one of the contributing factors was
the availability of high grade. eligible
securities for investment at prices show
ing d handsome return on the invest
men..
The New York herald., 1921-12-23
SENATE ORDERS GRAIN
EXPORT TRADE PROBE
Directs Commission Look into
Certain Features.

wAsHINoroN, Dec. 22.--An investiga.
ton by the Federal Trade Commission of
certain features OF tho grain export
market was directed to-day by resolu-
ton adopted by the Senate.
The resolution. introduced by Senator
I,add. Nom Partisan Republican, North
Dakota, calls on tho commission to as
certain and report the margins between
farm and export prices, freight and other
transportation costs. profits and losses of
firms engaging in the business. facts
connected with market manipulations, or
ganization, control and relationship OF
concerns engaged In grain export; meth
DDS used by foreign buyers and other
data affecting foreign use OF American
exported grain.
The New York herald., 1921-12-23
CHANDLER BROKERS EXPELLED
seats on philadelphia Exchange ts
lie sold for Creditors.

PHII.ApELpHrA, Dec. 22.-Earl Menden-
hall and Frederick T. Chandler. Jr.,
tho brokerage firm OF Chandler Brothers
& Co. which failed in July. have been
expelled from the Philadelphia Stock
Exchange. It was announced to-day
Their seats will be sold and the money
turned into the concerns assets. Both
arc awaiting trial ON charges of con-
spiracy. embegzlement and fraudulen,
conversion.
The offer OF Edward S. Little, the
New York member of the firm. to pay
s325,000 in installments In settlement
of his civil liability. was referred by the
Federal District Court to the referee
in bankruptcy to be placed before the
creditors.
The New York herald., 1921-12-23
MORE FEDERAL LIGHT STOCK
Stockholders to Meet Jan. IL for
Vote on Proposed increase.

A special meeting of stockholders Of
the Federal Light and Traction Com
pany has been called for January IL.
An increase I'm capital stock from Sl1,-
GOO, 900 to s21,000,000 Is proposed, the
new stock being a new class OF cumu-
lative first preferred carrying an per
cent dividend. II Is also proposed to
issue of $4,000 shares of common stock
OF no par value in exchange for the out
standing common stock.
Notifications in the terms of the 90
year first lien per cent. sinking fund
gold bonds permitting an increase Of
from 10 7is per cent In interest and
other proposed steps will also be voted
on. as well as the proposal 10 execute a
general and funoIng mortgareu 10 se-
cure obligations issued from time TO
time.
The New York herald., 1921-12-23
SUGAR TONNAGE KEEPS UP.
But American Co. Reports $4,026,
ESQ Deficit for Ten Months.

The American Sugar Refining Com
pany in the first ten months of this year
had net profit of s173,299 after charges
and inventory losses. but before depreci-
alton, according to figures submitted to
the banding syndicate which has under
written the sSo.O00.o0o of fifteen year 8
per cent. bonds. After all charges and
dividends paid up to october 20. the
company's deficit for the period was
$4.026,6s0, the surplus having been re-
duced that amount since the beginning
OF the year. The tonnage volume OF
business for 1921. 1t was said, will equal
that of last year.
The balance sheet as of October 20
shows total assets and liabilities OF
s157,395,416; cash on hand. s5,724,sS2 ;
current accounts receivable. Ss,091.422
customers acceptances, $3,ns3 300; mer-
chandise and supplies. s12,206.23S. As
general Investments s35.156,624 was car
ried, and s1s.o00.000 for accounts re-
ceivable as due from customers on 1920
contracts. Bills payable tota'ed $2o, o,000,-
600, and sugar drafts payable S10.3u,-
1875.
The New York herald., 1921-12-23
CANADIAN FUR AUCTION
co. TALKS OF COMBINE
Action ADaits Proposal From
Concerns in u. S.

MONTREAL, Dec. 22.-The possibility
Of merging the Canadian Fur Auction
Sales Company with the New York ard
ST. Louis organizations was discussed
at to-day's meeting of shareholders In
the Canadian company. Action was de-
ferred pending receipt Of further prop
ositlons from the American organiza-
tions. both of which have suspended
operations.
yice-President II. $. Coltart an
nounced that more furs are being re-
ccived here from the United states
than formerly and ascribed the In
crease 20 suspension OF the American
auctions.
The New York herald., 1921-12-23
SEEK TO AID BIG A HOLDERS.
Com ittecmen VIII Take Up ofier
by New York Central.

A committee has been formed TO rap
resent holders Of the preferred STOCK OF
the Cleveland Cincinnati, Chicago ana
st. Louis Railroad. who are dissatisilen
with the offer of the New YORK Central
Railroad to exchange its own STOCK
share for share for Big Four preieIrs.
stock. The committee VIII consist OF
Edwin q. Merrill. president Of the New
York Life Insurance and Trust Com.
pany. chairmani Gsorge Il. RooseVei,
and Wills -. Wood. It's secretary WIN
be Charlea Eldredge of 52 W9ll street.
Mr.. Merrill said the committee plans
to combine the efforts of the preferred
stockholders. particularly tha larger
holders, TO determine the value of their
stock and to obtain substantial recogni-
tion thereof Preferred holders who are
willing to be represented by the COM
mittee are asked to communicate with
its secretary.
The New York herald., 1921-12-23
cuBAN-AMERIcAN SUGAR LOSS.

The Cuban American Sugar Company
repor,s for the year ended September
80 a net loss OF s7.sss.7s1 after charges
and depreciation, which compares with
a net profit of s12.1fIi9l in the pre-
ccding year. Sales aggregated s2o,iS4,-
$50. operating expenses $25.7S2,ios and
charges. including interest, discounts
and depreciation s2.349.b72 Preferred
dividend payments totaled s5b2.566 and
common s2,5o0.0oo, making the final
deficit s10,e49.2o7.
The New York herald., 1921-12-23
GREENE FIRM ENJoINED.
Must Not Dispose of Property
Pending Chnncery Action.

BosToN Dec. 22.--The Supreme Court
issued temporary injunction to-day re-
straining the III. v. Greene Company
and its subsidiaries from disposing OF
any property until disposal of a bin In
equity flied by the Mutual Finance Cor
poration against Henry ". Greene, the
II. v. Greene Company and others.
The New York herald., 1921-12-23
RAIL PLANT STARTS MARCH l
Inland Steel Company to Begin
Operations In East Chicago.

EAST CHICAGO, Ind. Dec. 22.--En-
couraging Industrial prospects for the
East Chicago Steel districts were en-
HANGED to-day with the news that the
Inland Steel Company's new rail plant
would be in operation on March /. the
company having received large orders
for rails.
The Crane Company will complete In
January its new warehouse and pipe
shops, giving employment to 200 more
men.
The Universal Portland Cement Com
pany will remodel its No. plant, and
the General American Tank Car Com
pany Is erecting a wooden car depart
ment, in which box cars will be built.
The New York herald., 1921-12-23
WAR CORPORATION ADVANCES.
Approves se,0I7,OoO for Agricul-
turaI and Live stock Uses.

turaI and Live stock Uses.
WASHINGTON. Dec. 22.--The War FL
nance Corporation announced to-day it's
approval OF so5 advances for agricul-
tural and live stock purposes aggregat-
ing S6.917.000.
Colorado, $4,000; Georgia, S20s,0O0
Idaho, s13. 900: Illinois, $4,000; Iowa,
sss9. 1000; Kansas. $l3s.00o; Louisiana.
Ss75. 900: Minnesota, s196,000; Missouri.
Si6s, 900; Montana. s323,0 900: Nebraska.
1878, 900; New Mexico, $4,000: North
Dakota. 100000: Ohio. 500, 900 Okla
homa, s2S.000; South Carolina, $685.
600: South Dakota. $559.000; Texas.
$4,000: Utah. 100000 Virginia.
$3.50. 900; Wisconsin. $4,000; Wyoming,
$500, 900.
The New York herald., 1921-12-23
CUSTOM HOUSE RECEIPTS.

The receipts for duties by the Custom
House yesterday were $3.50, 4o5.23, OF which
from bonded warehouses and $3.50. .ts136 for
recent importations.
The New York herald., 1921-12-23
FOREIGN MARKETS.

LONDON, Dec. 22.--Prices of securities
traded In in the London Stock Exchange
to-day were irregular. Quotations at the
close of trading follow:
Bar silver. 35Ad. an ounce.
Bar gold, e7s. Cd.
Money. 2A per cent.
Discount rates Short bills. 3h per cent,
and three months bills. 3as per cent.
Two and half per cent. consols. so.
British per cent. war loan. Sih
British AZ per cent. war loan, SO.
DE Beers, 0ia.
Rand Mines, 2.
The New York herald., 1921-12-23

PARIS. Dec. 22.--Prices of securities
traded in In the Bourse to-day were dull.
Quotations at the close of trading were
Al sol.--ws:
The New York herald., 1921-12-23
MONEY MARKET.
THURSDAY. DECEMBER g.

THURSDAY. DECEMBER %.
Hish'. q Years high. 49,. .
Low. .............. years loW....... 3h
TIME JUANs.
Mixed collateral, 90 TO 90 days. 5
Mixed collateral, 4 to O months. .......... 5
Tndustriais, so TO 30 days. ............-..... 5
Industrials. 4 to q months. hs.................. b
COMMERCIAL PAPER.
Best nares. 4 TO . months. s...............
other names. 4 10 Q months. ......... .Jfb5M
DISCOUNT RATES. RESERVE BANK.
Commercial paper. ~ days. AZ: 60 to %
Yb days, AZ: f6 to 90 days, Az; bankers
acceptances. 10 10 90 days. Az.
..Fixed November .. Previous rate. 5.
OPEN MARKET RATES.
CAR loans on acceptances. .......... 5h%
Discount rates on prime bankers accept
ancrs eligible for purchase by Federal Re-
serve Banks.
Bid. Ask. Bid Ask
30 days. Az az 10 days.. Az Al
90 days..,... ~ 4k t20 daye dN AZ
CLEARING HOUSE STATEMENT.
Clearing House exchanges, S67a ,00o, COO
balances, $70,2 200 900; Federal reserve credit
balances. s51. 100000.
SILVER MARKET.
Official bar silver In New York. domestic,
pekc., unchanged: foreign, 05hc., off NC
Iondon. aSltd.. off nd; Mexican dollars.
''fis' Ths range an 'oi Of silver prices this year,
Highest: Lowest.
New York;. 7tNs. Sept. az 5sc. Mar. 3
The New York herald., 1921-12-23
UNITED STATES TREASURY STATEMENT.

York Herald
Washr n. G.. Dec 22
The New York herald., 1921-12-23

'hu expenditures aS 81 ''ot CorIeyponaIne ~ corresp
The New York herald., 1921-12-23
CHARLES M. SCHWAB
says:

"Set a time limit for accomplishing tasks.
Strict adherence to this homely principle
yields amazing results"
The New York herald., 1921-12-23

Clearing House exchanges, S61a .000, COO
balances, $70,200000; Federal reserve credit
hal afancoa SSI 100 OnO
Pueblo chieftain., 1921-02-22
WAR LOANS DEFEATED
CONTINUED from Page one)

foreign loans. was injected into the dis
cuDsion by Senator Shields, Democrat
OF Tennessee, who inquired II Mr. Nc
Adoo had followed this policy during
his administration and whether Sec
retarics Glass and Houston had acted
contrary to Mr. McAdoo's policy.
Secretary Houston replied he did not
know what Mr.. McAdoo meant and
read from the former secrctary's re-
port to show credits totalling S.lTi.-
e76. .ses had been established up to Nov
ember Is. 1918.
Mr.. McAdoo was further quoted as
saying he would recommend enact
mcnt OF legislation extending authority
to establish credits In favor OF foreign
governments for reasonable period
and within reasonable limits TO meet
the needs growing out of the war"
Senator Reed. Democrat OF Missouri.
developed in examination OF Assistant
Secretary Kelley that a loan OF $26, 900
had been given Liberia after both Sec
rotaries Danisls and Baker had said
assistance which that country might
give in prosecuting the war would be
negligible"
The senator read letter from
Former Acting Secretary Moyie OF tho
treasury to President Wilson in which
he asked tho presidents approval for
a credit OF $5,0oo.ooo requested by
Liberia The letter showed the pres
ident had approved 1t and authorized
the credits establishment on the ground
of common justice and friendship
Pueblo chieftain., 1921-02-22
STATE LEGISLATURE

Denver, Feb. 21.-Committee work
occupied tho attention OF legislators
Monday afternoon. Tho senate was
not In session at all during the day.
while tho house adjourned at noon. The
rules committee and the steering COM
mittee of TIE house were in conference
over the thirteen bills drafted by tho
Shoup committee on child welfare leg
islauon. The measures which are
known as the Lindsey bills" were re-
ported out of the judiciary committee
without commendation and are to
come up in the house Wednesday
morning. Members OF the house who
favor the Elliott H MacFadzcen bill
abolishins the tunnel commission an
nounced Monday their intention of
calling upon the state affairs and re-
apportionment committee Wednesday
for a report on the bill.
Leaders said Monday that unless tho
committee was forced to make a re-
port by a majority of the house II
seemed probable the measure would
never get out of committee. Repres-
entauvc Penter's bill making It un-
lawful for legislators to give or pro-
cure campaign pledges will come up In
the house Wednesday for third read
Ing. Tho measure was on the cal
ondar for Monday but was put over on
motion of Representative Penter.
The house passed on final reading
MCnday hepresentatlEe Lakes Dill
that will rcorganize the Colorado Ma
tional guard Other measures that
passed the house on final reading
Monday were:
Creating the fourteenth judicial dis
trict out of Routt. Moffat and Grand
counties
Preventing courts from sending chill
Gren to sectarian institutions for a
home or for committing crimes.
Allowing the state to receive gifts
on legacics.
Providing for the brand inspection
of livestock shipped out OF the utatc.
Providing for tho collection of crop
statistics by county assessors.
Providing for the tmo OF holding
terms of district court in the seventh
judicial district.
The bill allowing the sale of state
land TO veterans of the World War and
giving them twenty years to pay was
put over Until Wednesday when Rep
rcsentativc George A. Pughe. its
author. requested such action.
Representative BlackwelTs bill
limiting the amount OF wine a church
may secure to five gallons on one per-
init every three months went over
until Wednesday. Another bill that
came up in the house and went over
for action Wednesday was that raising
the amount tho state land board
can loan on cultivated farms from
$3.50 to $1,000.
Pueblo chieftain., 1921-02-22
PASSENGERS DETAINED
FOR DELOUS|NG

New York. Feb. 21.-All steamships
from European ports found to have
vermin infested passengers are being
detained at quarantine for delousing
and fumigation OF clothing and bag
gage in accordance with an order put
in force Monday by DR.. L. S. Cofer.
head of tho Quarantine station. This
innovation in the war against typhus
involving a delay of about twelve
hours for each ship. will be continued
until the steamship Minnesota of the
International Mercantile Marine has
been placed in service at Quaratine.
The vermin-infested passengers will
be removed to the Minnesota for dis
infection.
Special precautions including de-
lousing of second class and steerage
passengers and disinfection OF their
clothing are being taken aboard the
Cunard liner Aquatania due here
Tuesday it was announced by the
Cunard officers here Monday. Sir
Auckland Geddes British ambassador
is aboard.
Cunard line officials said that be-
ginning Feb. II all Cunard liners have
on board an additional matron and
several male attendants to inspect
second class and steerage passengers
coming aboard at European ports.
Pueblo chieftain., 1921-02-22

Eight words deleted from the house
bill providing for additional help for
county clerks during the period for is
suing automobile licenses Monday
opened prospects for a contest in tho
lower house OF the assembly.
The bill was introduced by Rcpres-
entatives A. NJ. Wilson and w. II.
Mcintyre of El Paso county and pro-
viies for ono additional clerk for a
period OF four months for each 1000
automobile licenses issued. AS origin
ally introduced the bill read except
In the city and county OF Denver" as
licenses for Denver are issued at the
office of the secretary of state. This
exception was left out OF the amended
bill.
Tho bill passed second reading a
amended last week
Opponents point out that the
amended bill creates twenty new poll
tical Jobs in Denver. at a cost to the
state OF $4,000 annually. There are
approximately 40, 900 licenses issued in
Denver annually.
Commenting on the bill, Secretary
of State Carl S. Millikcn said Mon
day: "1f 1t were for economy or eff
cheney ! should be for II. As the bill
has been amended II will mean simply
n needless duplication of work, a
needless expenditure of $4,000 and as
a consequence n serious crippling of the
work of the motor vehicle licensing
department"
Pueblo chieftain., 1921-02-22
HOW TO DARKEN
GRAY HAIR
A Cincinnati Barber Tells How to
Make a Remedy for Gray Hair

A well known resident of Cincinnati.
Ohio. who has been a barber for more
than forty years, recently made the
following statement:
Anyone can prepare simple mix
turc at home, Mt very little cost. that
will darken gray hair. and make 1t soft
and glossy To half-pint OF water
add / ounce bay rum. a small box OF
Barbo Compound and Ia ounce glyce-
rlnc. These ingredients can be bought
at any drug store at very little cost.
Apply to the hair twice a week until
the desired shade is obtained. THIS
will make a eray-haired person look
twenty years younger. 1t is easy to
Use. does not color the most delicate
scalp. is not stocky or greasy and does
not rub off,"
Pueblo chieftain., 1921-02-22
CARUSO'S VOICE
WILL BE BETTER
THAN EVER BEFORE

New YORK, Feb. 21.-Thcrc arc in
dications that Enrico's voice Will be
better than ever after the illness
which nearly caused his death last
week. said n statement issued Mon
day a; the Metropolitan opera house.
This illness unfortunate As 1t has
been. has given his voice and throat
the first real rest they have had in
twenty-five years and this mus; bs
OF great advantage TO the 'lost
strenuously exercised vocal chords In
the world" the statement says. There
romans then only the question oc
complete recovery of constitutional
strength"
At no time has there been any dif-
fi-ilty with or danger to the voice.
Pueblo chieftain., 1921-02-22
STATE RED CROSS
CHANGES DIVISION

St Louis. Feb. 2L-Transser of colo
RADIO and New Mexico from the noun
tain division of the American Red
Cross to the south western division was
announced today by James l. Ffeser.
divisional manager Of the southwest
Tho transfer In part OF a general
reorganiLaion plan in which the num-
ber of divisions will be reduced from
thirteen to eight az an economic meas
ure. Mr.. Fieser explained.
Under tho new plan, the South
western division will be the largest in
point Of area In the United States Mr..
Fciscr asserted. Its territory will
comprise Arkansas. Colorado. Kansas.
Missouri. New Mexico, oklahoma and
Texas. with an area OF 7s4, sst square
miles. Population OF the territory ap-
proximates 100000.
Acquisition of the scventy-one chap
tors In Colorado and thirty-one in
New Mexico. brings the number of
chapters in tho division TO 73e. 1t was
said.