davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-07-01
OIL SHUTDOWN IN
MEXICO POSSIBLE
American Interests Consider
Closing Plants for Time
Because of Tax.

American companies having big petro-
Ieun1 producing interests In Mexico are
considering closing down their proper
ties, or at least stopping shipments of
oil from that country for the present,
according to information obtained yes
terday., The new export tax which the
Oregon Government of Mexico has de-
creed is effective to-day and 1t Is UNDER
stood that the producers declare that
they will be unable to operate under
those additional imposts at a profit.
A meeting of important Mexican oil
producers was held on Tuesday in New
York and also conference as TO
whether or not economies could be ef-
fected in oil production which would Off
set to some extent at least the heavy
EXPORT taxes. which in certain cases are
calculated to run as high as S5 per cent.
of the market value of the oil. 1t was
discovered at the meeting that no econ
ornies sufficient to offset even small
portion of the extra taxation could be
worked out When that fact was devel-
oped, 1t is understood. the possibility of
a forced shutdown of Mexican proper
ties. with Just enough operation to pro.
tect leases, was discussed. No formal
action was taken. Sbut it is said that the
majority of oil men present expressed
the opinion that thiSstep was about the
only one which could be taken If Mexico
should persist in collecting the new ex-
port tax
BY curtailing production to a very low
point and stopping all shipments or OIL
from Mexico the companies Win be able
for a time to escape the heavy exporl
tax Tremendous storage facilities no"
available in that country will be used 70
store the oil produced'until the producers
shall decide to ship it. The Mexican n
Government, it is believed. VIII be mace
to see that the export tax amounts to
killing the goose that laid the golden egg
during the period of oil storage, when no
revenue from the export of oil Will pe
received, and as result the elimination
or at least a modification of the tax de-
cree is hoped for.
The export tax plus the new tarif on
oil reported in the Congress on Wednes-
day will bring the charges on Mexican
oil production to a rrohibitive figure, ac-
cording to one producer. The present
market for crude oil In New YORK Is 80
cents a barrel. he pointed out YESTERDAY,
and the Mexican taxes will total 43 ~
cents a barrel, pipe line charges mini
mum OF Is cents a barrel, and the new
tariff. if imposed 25 cents barrel,
making a. total of s3h cents barrel
Thus a margin of less than cents a
barrel for the oil companies to pay all
of their expenses and get their prof1ts
would be left, which, the oil man de-
clared. would be impossible.
The New York herald., 1921-07-01
CAN'T FoREsEE RAIL RATE CUT.
National City Bank Says Expenses
Must Drop First.

Public criticism of the maintenance or
existing freight rates Is scored by the
National City Bank of New York in its
June review, which calls attention TO
the difficulties the railroads are having
in trying to make both ends meet. The
bank says:
"The Government guaranty expired
August 81, 1920. The figures of opera
tion are available for the succeeding
eight months. A per cent return for
that period amounts to S728,901. 600
the actual net operating income OF the
carriers was only s277,943.ooo, or $780,
95s.oooS less than the minimum they
should have earned.
1.-The average net earnings of the rail-
roads for the eight months since the
Government guaranty expired have been
s34.70 900 a month and 1t takes
s37. 100000 a month merely to pay in
terest on the railroads funded debt
The New York herald., 1921-07-01
GENERAL MOTORS DIVIDENDS.

Directors Of the General Motors Cor
poration, meeting yesterday, declared a
dividend of 25 cents a share on the COM
mon stock. $3.50 on the per cent. pre-
ferred, $3.50 on the 6 per cent. deben-
lures and st.75 on the z per cent de-
bentures. all payable August 1 to stock
of record July IL. 1t was also an
nounced that the resignation Of r. ii.
Collins as a vice-president and a director
had been accepted Fred J. Fisher was
appointed to the vacancy on the direc-
toraio
The New York herald., 1921-07-01
NORRIS BILL MOVED ALONG.
Dem ocrnts on senate Committee
oppose some Features.

wAaH1Ne1oN. June so.--Fayorahle
report on tho Norris bill to create a
one hundred million dollar Government
corporation to promote the expectation
OF agricultural products was ordered to-
day by the senate Agricultural Commit
tee.
Democratic members will oppose the
nrovisjon authorizing the corporation to
purchase products for sale abroad. They
also said they would oppose other pro-
visions on the ground that certain
functions proposed to be granted to the
corporation now are performed by other
Government agencies
The New York herald., 1921-07-01
BKAZILIAN STATISTICS.
REPORT DECLINE IN FAILURES.

There were 4,133 commercial failures
In the United States In the second quar-
ter OF 1921. with liabilities Of sl27,621.-
553. and zoos defaults. supplying s3oS.-
o19.542 for the half year, according to
preliminary returns to X. @. Dun & Co.,
made public yesterday The aggregate
for June was the smallest month thus
far this year, with sal. 1.9s7,a13 and
March was the largest. with s67.40s, 900.
Both the number OF inSolvencies and the
volume we're smaller in the second quar-
ter than In tho first.
The New York herald., 1921-07-01
RAIL EARNINGS ABOVE
EXPERTS ESTIMATES
Net Operating Income for
May Likely $38, 900, 900.

Results for May of 119 class / rail-
roads, operating slightly more than 60 per
cent. of the total railway mileage of the
United States. show net operating in
come of $31.290.000 saved out of gross
revenues of S318. 100000. according to
the preliminary report OF the Bureau of
Railway Economics. This showing COM
pares with a net operating deficit of
s6.512.000 and S322.598,000 gross re-
ceipts for May 1920. during which the
switchmen's strike caused some depres-
sion of both gross and net earnings.
From the foregoing it is estimated
that the net operating income of the en-
tire 204 class 1 carriers, operating 23s.-
600 miles of line. will aggregate about
s3S. 600. 600 for May. Railway men had
estimated the figure at s35.000,00o
May revenues and expenses for 119
roads. shown by districts. are:
Per cent
increase
Total oner. 1921 over
revenues: May 1921. May. 1920 1920
Eastern Dist. $3.50, 159 600 $164.913,o0o 2.5
Southern Dist 81. 766, 600 55,2l3OOO 'o.S
Western Dist. 94S15.00O 102.412.0 900 '7.a
Unit. States. .S31s. 760. 900 1922 900 'i.2
Total oper. exp.
Eastern Dist .$142. .254 900 $169 .555 900 '16.1
Southern Dist. 4619o. 900 4s. .l9s coo 81
Western Dist 70 e,7O9 900 93.s29 900 '15.0
Unit. states s26s 1886 1912 ,5s2 900 '14.c
Eastern Dist si7, ,22s, 600 1912 2,s1o,ooo 234 4
Southern Dist. 5.424 900 39I6.O0o 36. 4
Western Dist. S.6i3,0oo 2,o22,OO0 ai2.2
-----------
Unit. states. S3f,29o.ooo ts6.512ooo 5so5
'Decrease. TDefctt
The New York herald., 1921-07-01
CUBAN PHONE HAS INCREASE.
Net Earnings for Dividends Arc
sso,25O Larger Than In 1920.

The report of the Cuban Telephone
Company issued yesterday shows an In
crease for the year In net operating in
come Of S204.913 before depreciation
and an increase of ss9.250 In net earn
ngs applicable to dividends after pay
ing bond interest and fixed charges and
setting up a reserve for depreciation.
There was transferred to the deprecia-
ton reserve s33S,672, while $174.3f4
was applied against this reserve on ac-
count of reconstruction.
The company paid regular quarterly
dividends of | n per cent. on all pre-
ferred stock and 2 per cent quarterly
dividends. aggregating s574.546 on all
common stock. returning s27T2so to
surplus.
The New York herald., 1921-07-01
RAILROAD SALE POSTPONED.

NASHVILLE, Tenn. June 30.--Sale OF
the Tennessee Central Railroad. sohed-
uled to-day. was postponed to October l
OF the request of the Mississippi Valley
Trust Company of St Louis. trustees
for the first mortgage bondholders.
The Illinois Central and Southern rail-
roads are holders OF the first mortsage
bonds.
The New York herald., 1921-07-01
KIDDER-PEABoDY BRANCH.

The movement of banking institutions
TO obtain quarters In the Grand Central
Station zone was added to yesterday
whan Kidder. Peabody G. Co. announced
that on Wednesday July 6. they win
open branch office at 45 East Forty
second street.
The New York herald., 1921-07-01
HEADS CosMoPoLITAN BANK.

Frank A. Gallagher. cashier of the
Municipal Bank, located In the Browns
Vile section OF Brooklyn, has been
elected president OF the Cosmopolitan
Bank, commercial Institution at Pros
pect and Westchester avenues, The
Bronx. He succeeds Leonard G. Robin
son. Mr.. Gallagher. who IS not yet
thirty-nine years of zee. started his
business career ~ bank messenger.
The New York herald., 1921-07-01
spRINcFrELD co. BANKRUPT.

Bos1oN, June 30.-The Springfield
Automatic Screw Machine Corporation
OF Springfield filed o voluntary petition
IN bankruptcy to-day. Liabilities OF
Ss741f1 were listed, with only s11,672
said to be secured. The assets were
placed at S29o,0oo,
The New York herald., 1921-07-01
FOREIGN MARKETS.

LONDON. June 3O.--Trading was slow
on the Stock Exchange to-day. but
prices were generally firm. Industrials
displayed an improving tendency and
consols gained 2h points. duo to a
shortage of stock. Quotations follow
Bar gold, 110s.; money, per cent: dis
count rates: Short bills. 51a per cent I:
three months bills, IA per cent.
The New York herald., 1921-07-01

PARIS, June 3o-Prices were irregular
on the Bourse to-day. Three per cent
rentes Sc francs IL centimes: exchange
on London. as francs 40 centimes: five
per cent loan. 50 francs 40 centhnes: the
dollar, IL francs 80 centimes.
The New York herald., 1921-07-01

Alabama Great Southern Railroad Co. New Castle Sheuango Valley Raoa
American Water Supply Co. Of Kankskee Co.
Arm, Nav Club of Manila York Steamship Co.
Athens Railway Electric Company oien City OF
Butler Water Cmpauv Peoples Water Of Okloosa
d Rs CITY Of Refundins Bonds Northern Railway Company
Central Brewing Comnnv Popular Science Publishing Company
Cbsanoosa citv Water Co. Suffolk Water Company
Chicago & North Western Railway Santa Lucia Company
Equipment Agreement, Series "A Sharon Railway Company
North Western Railway Co., Southern Public Utilities
Equprent Agreement Series C. Co, Mts
Chicago St Paul Mnn Omaha Ky; ST. Cairo Railroad Company
.o' IquMe"' Asse'r" series Manufacturing Company
Clyde Water Supply Co, Refundns Is S.. tuw r,n,,v ryh
so"me." IsIs % COMPANY Third Railroad Company sg
So'.'uo" "1 ~p-" Union Depot Company, Columbus, Ohio
Cowitz Lumber Company II,,n Inr,; conn,nv .' m s'
Layton 'n Nan.sy sonpany Warrants
Greenwich Water Supply from Csifs Of Depo.D
r "se r ., Warren Water Company Gssue Of July
Mtge ~ W.T., r n,,,. >, hav
East ST. Louis lntemban Water Co. !, i9os '' -
Ellsworth Galleries Company Wayne ottonM
l Paso Southwestern Railroad Co. Washington Water Power Company
Hampshire Southern Railroad Company Woodward Iron COMPANY
Hekimc, Mohawk, lion & Frankfort 49,, a.. ,o.,
Electric Ry. Co. g. ~ ~ -. %. NJ, r.
Indianapolis Railway Company c'' =" ~ ~ -" "ee' w.
Iowa City Water Company NS0"" :" ''s' "'
Ishae. st. Rwsy Co. Due JAM 1921
"a $1,000 cacD ndinneapo Iyndae & Minnetonks Ry.
Lakewood Coast Water Eee R Co. Co. and Minneapolis Street & Co.
Lupton, F. M Publisher Inc St. Paul City Railway Company
Mobile Light Railroad Company School No
Mot; z Ohio Railroad Co. Extens;on Of Pelham, NJ Y.
lst Mtge- July
National Starch Company Pekn Water Works Company
DIVIDENDS.
July l't. 1921 Ernest simons Manufacturing Co., Pre-
City Rapid Transit Co., Preferred f,ued
weymanButon Company, Preferred Juiy 6th. 1921
Company. Common Detroit f'de South western Kali
W. Woolwprth Co, Preferred road Company
The New York herald., 1921-07-01
COFFEE.

The range of prices in yesterdays
coffee futures market follows:
The New York herald., 1921-07-01
copARTNERsnR NOTICE.
HARRIS, ,WINTHR0P&Co
IEGAI NOTICE.

OWING 20 tho death Of HOWARD g.
GRAHAM on April 10. 1921, the partner
ship heretofore existing under the name of
Graham, Parsons q Co., has this day been
dissolved.
The business will be continued under the
same firm name by tho surviving part
narB.
LEWIS n. PARSONS,
HENRY r.. vALx
ALFRED q. B. STEEL.
The New York herald., 1921-07-01
The Farmers Loan and Trust
Company
16, 1s, 20 and 20 WILLIAM STREET
New York City

Coupons and Dividends due in July payable at this
office and after July 1st 1921, as follows.
The New York herald., 1921-07-01

Special Cable to THE New YoSK HERALp.
Copyright, 1891, bu THE NEW YORK HEsAi.p-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-05-23
TO TEACH DENTAL HYGIENE
University Of Pennsylvania Plans
for New School

Along with Boston. Now York,
Rochester and Minneapolis, Philadel-
phin Is to have a school for the train
Ing Of dental hygienists. DIR. Charles
II. Turner. dean Of the Dental School
ut The University of Pennsylvania. an
nounced recently that a new depart
mrnt Of dental hygiene had been ere
nted as part of the Dental School.
Courses in the new department will
be opened next autumn. The new
school is the first of It's kind in Penn
sylvania and will train young women
to give instruction in the home care of
the mouth and teeth and as prophylac-
tic operators. capable OF cleansing the
mouth and teeth. The course Of in
struction will extend over one academic
year. Certificates will be awarded,
For the first year the attendance
will be limited tn fifty. The creation
Of a chair Of oral hygiene, the incum
bent to have n seat in the faculty OF
dentistry. has been approved.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-05-23

hunting mare Of his TO death with an
iron trace chain IL would be like him.
granted sufficient real or fancied justi-
fcntion, to go about revenge in bull
hesded rage without counting the cost
God, fts horrible! But you said a de.
cision rested with us? What deci-
sion7"
"Just this, sir. / told Mr.. O'Rourke
oyer. the phone today that we'd got
wind Of certain things down nt head
quarters; We had, but not what he
thought. ] told him tonight that !
wanted to scare Mr.. Wavcrly into tell
Ing me what he knew of the motive for
the murder OF Mr.. Crcveling." Nc
Carly smiled to himself as he added |:
II didn't tell, though, that I intended
to let Waverly see that we knew the
truth and make him confess! said
that was here to do whatever was in
my power 10 keep trouble from coming
to all of you and I'm still here for that
purpose, but we've others, to consider
now-.twO women"
Mrs. Kip O'Rourke asked in
low voice.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-05-23

CONTINUED TOMORROW
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1921-06-04
Foreign

Minister of Customs Wigmore at OF
tawa denied a report emanating from
Windsor, Ont, that tariff correspond
ing to the United States emergency
measure had been put into effect in
Canada.
Six soldiers were killed instantly,
three MORALLY wounded and twenty
others badly injured when mines were
exploded under party of soldiers at
Cork.
Hungary has officially notified the
League of Nations at Geneva Of her
intention to apply for admission to
the league when the assembly meets
in September.
Captain Mueller, the second German
officer to be placed on trial at Lelp-
sig, charged with criminal acts dur
ing the World war, was sentenced TO
six months Imprisonment. He was
tried on the charge of having prac-
ticed cruelties on prisoners.
A Madrid dispatch says Captain
General Marenco, military governor of
Sargossa, was killed and Lieut.. Bernal
Carcellio and two other soldiers were
seriously injured when military au-
tomobile plunged over a precipice.
Troops formerly under the command
of General Kappell, anti-Bolshevik
leader in southeastern Siberia, have
occupied a part of Vladivostok, says
dispatch received at Tokyo from
that city by the Kokusal News agency.
A radio dispatch from Moscow said
the port of Petrograd had been opened,
and that the first ship, a Lettish YES
sci, sailed from the port.
Seventeen persons were drowned in
the Ida mine at Meuselwitz, Sake
Altenburg, owing to the sudden flood
of the mine by the Erienbach river.
Two brothers named Fitzgerald, one
a railway man and the other a former
soldier, were taken from their home
and shot at Cork. Their bodies were
riddled with bullets.
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1921-06-04
Sporting

Tommy Milton, an American boy In
an American Frontenac, won the 5OO-
mile international motor sweepstakes
at Indianapolis against-a picked held
of drivers from the United States and
Europe.
The United States was finally forced
out of the British amateur golf cham
pionship at Hoylake at the end of the
sixth round when Frederick J. Wright
of Boston, sole survivor of the Amer
lean entrants, was defeated by
Bernard Darwin.
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1921-06-04
e@::@ss.s::@::s::@::@.:@..@.@:.s:,
Important
News Events
of the World
Summarized

Washington

To relieve the railroads financial
plight President Harding at Washing
ton is considering paying at once the
government debt to them, amounting
to from S9OO,0OO,OOO to 81 800, OOO, 900,
and giving the roads ID years to pay
their $S0O,000,O00 debt to the govern
ment.
Small navy advocates again went
down to defeat III the senate at
Washington when the LenrOot amend
ment proposing reduction of the new
construction fund from S63,OO0,0OO to
S3S,G00,000 was voted down by %
TO 20
Informal feelers" with respect to
an international agreement for a re-
duction of ornaments already have
been put out by the American govern
ment, it was learned at Washington.
Mcclellan, Tennessee, Democrat, in a
senate speech at Washington urged
President Harding to recall Ambassa-
dor Harvey because of his recent
speech.
A Washington dispatch says the
Milwaukee Leader and the New York
Call. Socialist papers, were restored to
mailing privileges.
In his Memorial day address at
Washington President Harding said
the United States, rejecting a policy of
isolation, but surrendering none of it's
independence, would accept leadership
in the sterilization of the war-torn
world.
The United States army has devel-
oped a 80 caliber machine gun cap
able of firing a bullet which, at 200
yards, will penetrate the One-inch ar
NOR plate of battle tanks, Maj. Lee
y. Wright, army ordnance depart
ment, announced at Washington.
Following a conference with Secre-
tary of Labor Davis at Washington,
President III. H. Raymond of the Amer
lean Steamship Owners association
issued a statement finally rejecting
federal mediation.
By a vote of ~ to % the senate at
Washington rejected an amendment
offered by Senator Walsh of Montana
to the naval bill to request the Presi-
dent to accept the invitation of the
League of Nations to participate in
the disarmament conference under the
auspices of the League.
Passage of the bill establishing a
federal budget system has been COM
pleted. The house at Washington
adopted the conference report on the
measure, which now goes to the Presi-
dent.
The emergency-tariff bill was signed
by President Harding at Washington.
A number of the most powerful
financiers of the country, headed by
J. Pierpont Morgan, were entertained
at the White House in Washington.
The nomination of David FL. Blair
of Winston Salem, N. c., to be COM
missioner of internal revenue was
confirmed by the senate at Washing
ton. The vote was so to 10.
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1921-06-04
Domestic

William Jennings Bryan has decided
to transfer his home permanently to
Miami, Fla, he announced at New
York. The decision, he said, was
prompted by consideration for Mrs.
Bryan's health.
When her husband, from whom she
was separated, threatened to destroy
her beauty unless she returned to him,
Mrs. Mary Carbonari, twenty-five. a
Chicago bride of a year, shot him
dead.
The price of strawberries dropped
TO within reach of the ordinary per-
sons pocketbook at Chicago. From
a week ago, when the wholesale price
was 81 a case of "a quarts, they were
sold at $4.75.
Every plant of the ii. G. Prick Coke
company in the Connellsville (Pa.) re-
gion has been closed, 1880 workers
being affected. Not since 1894 has
there been a similar complete shut
down.
Claude A. DUNCAN, thirty years old
a salesman, was shot and killed by a
fourteen-year-old girl, who, according
to police, said she fired at DUNCAN
when he appeared at her bedroom
window at Texarkana, Ark.
The bullet which Calvin j. Murphy
sent through his brain also killed his
ten-months-old daughter, whom he was
holding in his arms when he committed
suicide at Sioux City, Ia. The bullet
passed through Murphy's head.
From so to 60 persons were injured
two of them probably fatally and sew
eral seriously injured, when Penn
sylvania freight train crashed into
fast traction car, carrying trailer
at a track intersection at Edinburg
Ind.
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1921-06-04
Personal

S. L. Moore, weIl-known Iowa
banker, died at Boone, Ia.
Gen. Horace Porter, noted Civil war
veteran, died at his home in New
York.
Karl G. Roebling, president of John
A. Roebling's Sons company, builders
of the Brooklyn bridge, died at his
summer home at Spring Lake, n. J.
Rear Admiral A. f. Fletcher, q. S.
N, commander of the Fifth naval dis
trict since 1918, and former COM
mandant of the Norfolk yard, died at
Hampton Roads after a long illness.
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1921-06-04
THE CHlC AGO EA0AE
/ AGILE NEWS[ETS

Twelve prisoners escaped from the
Tulsa county Jail at Tulsa, Okla.
They sawed through seven heavy iron
bars and descended outside the Jail by
a rope.
An Austin (Tex) dispatch says a
case of bubonic plague has developed
in a small town in Limestone county.
1t was caused by the bite of a rat
A complete bathroom, the first ever
fitted in an airplane, is feature in a
1,2OO horsepower biplane building at
London. There is shower bath, wash
stand and hot and cold water
Two soldiers were killed and II. in
Guiding three officers, were injured.
two perhaps fatally, by the explosion
of bomb at the army proving grounds
at Aberdeen, Md.
The Matheson prohibition enforce
ment bill was vetoed by Governor
Blaine at Madison, Wis. on the
ground that it is indefinite and I'M
certain and in conflict with the fed
eral VOlstead act
Pay of the average railroad man will
be reduced u per cent on july l
This was announced by the United
States railroad labor board at Chi
cagO.
Lloyd Delaney, twenty-one, of Usage.
1a and Carl Thomson, thirty, of
Mitchell, Ia, were drowned in the Big
Cedar river. The canoe in which they
were riding tipped over.
Hogs sold at the lowest prices in
more than five years at the Union
stock yards at Chicago. The top price
for the best swine was $3.50 a hundred
pounds on foot
During the past year southern Bap-
fist churches increased from %, 1903 to
27,444, with membership of 3,199,OO5,
gain for the year of 237, 567, says a
Nashville (Tenn.) report.
Counsel for James A. Stillman is
sued a statement at New York deny
ing that he had taken any part in ne
gotiations toward a settlement of the
divorce action.