davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-04-21
ACTIVITY SHOWN
ON CURB MARKET
Many Issues Display Strength
And Proft-Taking Reflect
ed in Many Securities.

PHILADELPHIA. Pa. April 20
The market on the Broad street
curb continued active with a dis
play OF strength in q number Of
issues. but some of the stocks that
had been dealt in the past few DAYS
rejected profit taking sales. an in
stance being Southern coal and
iron which reacted to g. United Re
tail Candy maintained the advance
which occurred yesterday again
selling at 80 to s and there was a
fair amount of business in Sweets
company which sold at -. Radio
issues were hrm and slightly
higher. Durant Motors was steady
and exchanged at 81. Dealings in
Columbia Emerald were fairly large
At prices ranging from 81 to -
There was a moderate amount of
business in ImeperiaI Tobacco at
81. British American Tobacco
was steady selling at l22 and l2S
United States Ship Corporation was
unchanged in its market position
selling at 5-l6 and y.
Petroleum issues continued 10
command most attention through
out the day. but the Standard oil
SNONhs lhdN InOSl dCllNe
yesterdays trading reacted slightly.
Standard Oil Of Indiana new stock
ranging from 75k TO TAX. The fea-
ture of this group was international
petroleum which moved up from
lSA to Is buying being based on an
understanding that Standard Oil in
terests in putting into effect a
development plan would devote
most attention to the tropical oil
company which had been Absorbed
by International Petroleum. Inde-
pendent oil stocks were generally
firm, Simms Petroleum being fea-
ture of this group and selling at
sk to So. Engineer Petroleum
was again in demand. Before the
cut in the price Of crude oil this
company was reported as earning
about per cent per quarter on the
outstanding stock. The company Is
now reported to, be earning about
per cent but expects TO again re-
ceive a bonus OF Is cents a barrel
on its oil and to receive a substsn-
tial advance in price OF its product.
The Washington herald., 1921-04-21
COFFEE MARKET.

NEW YORK. April 2o.-The cof-
fee ring was deserted for long pc
riods today and tradin6 in mini
mum quantities sufficed to swing
prices several points.
As a rule the trend was upward
gains of 4a5 points being shown at
one time.
Trading on the call was limited
to ten lots of May. Few OF the
subsequent transactions involved
more than one or two lots. There
was, however, some fairly heavy
switching. holders of May and July
exchanging for later deliveries.
generally at unchanged differences
The Washington herald., 1921-04-21
TRADE DOWN IS PC.
BY CLOSE OF MINES
Sweet Discusses Light Road
Operations in Southwest.
Lauck Heard Again.

CHICAGO. April 2o.-Close OF
copper mines in the Southwest re-
duced railroad business in that ter
ritory IS per cent, the United State;
Rail Labor Board was told today by
A. +. Sweet, vice president Of the
FL Paso and Southwestern Railroad.
Sweet was one of the Southwest
ern Railroad representatives testi-
flying in the hearing of the applica-
tion of railroads for wage reduc-
tions.
Southwestern railroads were unan-
imous in declaring wages in other
industries along their lines. and cost
Of living had been reduced, Swee,
said.
The Southwestern railroads were
expected to be heard late today or
tomorrow.
Lauck Issues Report.
w. Lett Lauck, economist for the
railroad unions. in statement
made public today, declared the
railroads were wasting more than a
billion dollars a year. The statement
called attention to the alleged waste
and inefficiency in railroad opera
ton.
Lauck said the railroads were
using old, worn-out locomotives.
which cost thousands of dollars
more for coal than up-to-date en-
gines would. He claimed there was
inefficient management in the shop
organizations, an unnecessarily
large turnover OF labor and huge
sums spent in propaganda
The statement was part OF an ar
gument which Lauck had prepared
for presentation to the Railroad
Labor Board on the question of ma
tIonal agreement. but the issue was
decided before he had an oppoFtu-
nifty to make his argument.
The Washington herald., 1921-04-21

themselves and an automobile on
less than $1,000 or who supported a
wife and an automobile on tess than
$4,000 year. The other alternative
is that there were a large number
of these who should have made in
come returns. but did not do so.
The fact that there are many per-
sons who are escaping their just
burdens under the income tax is one
of the important arguments for
general sales tax. Under it's opera
tion every one would be required to
pay his proportion. On the other
hand the relative burden of a sales
tax would fall heaviest on that part
of the population least able to bear
it. The following table gives an
approximate comparison of the
yearly cost Of a per cent sales tax
and the present income tax to indi-
viduals with the above three classes
of incomes. The figures in the sec
ond column are merely estimates of
the amount which would be spent
and upon which a final sales tax
would be collected. They may he
open to criticism, but they repre-
sent the essential facts.
The Washington herald., 1921-04-21
u. S. Wrests Coal
Marts from Britain

The United States has wrested
the coal markets of south Amer
lea froIn Great Britain.
This far step I'm the expansion
OF this country's foreign trade
was officially announced yester-
day In n report TO the DEPART
ment Of Commerce from Consul
General skinner at London.
"The high cost OF production
and the low output In the British
coal mining Industry" says Con-
suI General SINNERS report,
''kav~ won n predominant place
for the United States In the
South American coal markets."
In 1919. the report continues
American coal exports to Argen-
tiha and Brazil totaIed 1,4SS,27o
tons, ms compared with the p
6o6.043 tons by the British.
In 1920 the United states jump
ed far into the lead with 2,7S4,-
So tons, while Great Britain
dropped to 431 ,s12 tons.
The Washington herald., 1921-04-21
Fake Revenue Officers
Get ADay With $500

Representing themselves to be In
ternal Revenue officials, three
colored men entered the. home Of
Henry Taylor. 1113 Fussels court
northwest. and while conducting a
pretended investigation Tuesday
broke open a trunk. Theygot away
with $500.
After they had shown a revenue
badge the men were given permis-
sion to search the house. Mrs.
Lottie Jones, mother of Henry Tay-
lor. was the only occupant at the
time. She thought nothing of the
Incident until her son returned. The
theft was reported to the police of
the Third precinct
The Washington herald., 1921-04-21
CASH GRAIN MARKET.

CHICAGO. ILL.,. April 2o.-wheat
No. red. s1.34; No. red. s134a
I.34k; No. hard winter. 81 Al: No.
. hard winter, s1.37; No. northern
spring. t1.34: Dark. s1.47.
Corn-No. mixed. 5sa5ske: No
> mixed. ka5sI4c: No. mixed
Sax a54%c; No. S mixed. SAKE; No
2 yellow. 5s1ia5sc; No. . yellow. STA
5sc: No. 4 yellow. s4a54hc; No. 5
yellow, save; No. white. 5sa5sKc C;
No. . white. 5sEc: No. white,
52he.
oats-No. white, s7xa3s%c; No
2 white. 37isa3sc; No. 3 white, 3sha
size: No. white. 3sKasshc.
The Washington herald., 1921-04-21

Those individuals with an income
of over s25,00o would not pay more
than 5000 per year on a 1 per, cent
sales tax compared with S17,500 in
come tax. Persons with incomes of
less than $4,000 would pay approx
mately the same in either case. 1t
would seem that if a sales tax is in
stituted the exemption limit should
be raised for incomes Otherwise
those with small incomes will be
paying 100 per cent more to the gov
ernment. while those with large in
comes will be paying less than 2 per
cent more.
The yield of a sales tax has been
estimated variously by different ex-
The Washington herald., 1921-04-21
Mellon Supports West
For ReUenue Position

. The Internal Revenue Commis-
sionership probably will go either
to Millard West of Kentucky or
David H Blair OF North Carolina
1t was learned yesterday.
West has powerful support for the
place and Secretary of the Treasury
Mellon is said to be one of those
for him.
The Washington herald., 1921-04-21

perts. III We assume that a tax of
l per cent on all final commodity
sales is made we may approach
probable total expenditures. II we
assume that there are 10000, 900
families in the United States of
which only 100000 report a taxa
BILE income. the remaining 5000, 900
families must have an income of less
than $4,000. We may take the av-
erage income of this class as 81, 900
per year. all OF which is expended
for taxable articles. Making the
same assumption as in the preced-
ing table, We may deduce the fol-
lowing:
The Washington herald., 1921-04-21
D. L. and w. Secures Loan.

The Interstate Commerce Com
mission yesterday granted author
ity to the Delaware, Lackawanna
and Western Railroad to issue S45.-
900. 900 par amount of common
stock to be distributed among the
present stockholders as a dividend.
The company had asked for permis-
sion to issue approximately $780,
100000 in stock dividends.
The Washington herald., 1921-04-21
Tax. on Fine Gold.

tax OF 50 cents per penny
weight of fine gold in all gold
manufactured, used or sold in trade
Is proposed in a bill introduced in
the House yesterday by Represent.
ative Raker, of California. The
bill is designed to provide for the
protection of the monetary gold re-
serve by the maintenance of the
normal gold production Of the
United States"
The Washington herald., 1921-04-21
Fruit and Vegetable
Price Trend Is DoIDn

Price trends in fruit and vege-
tables were slightly downward
the past week. according to a
weekly market review from the
Department Of Agriculture. Only
celery attracted higher prices.
Lettuce, new onions. potatoes
and strawberries declined.
An abundance Of cabbage this
season was indicated In the
statement that 1.o2: cars Of new
cabbage were shipped, compared
with SS3 ears In the previous
week and 516 in the correspond
ing week q year ago.
Freezink has injured the fruit
crop In several sections.
The Washington herald., 1921-04-21
Smoot Urges New Tax Laws

The first duty Congress owes to
the American people is to see that
existing revenue laws are repealed
ana new tax laws passed, declared
Senator Reed Smoot, in an address
last night before the executive COM
mittee and delegates of the Ameri-
can Farm Bureau Federation. at the
Hotel Harrington
The Washington herald., 1921-04-21
SALES TAX SHOULDPROVIDE
HIGHER INCOME EXEMPTION
Over 50 Per Cent of Sales Tax Would Come
From Persons Not Now Paying Income Tax.


The United States Internal Reve-
nue. Bureau reports that out of A.
425,114 personal income tax returns
in 1918 there were 3.o13.s16, or IS
per cent, with incomes of less than
$4,000 per year. The total net in
come of these three million odd per-
sons was s5,s5s.17s.41o. or 3s.ssper
cent Of all incomes reported. The
total tax paid by those with an in
come below $1,000 amounted to $6l,-
The Washington herald., 1921-04-21

On this basis our total expendi-
lures for consumable commodities
would be approximately $27.500,0Oo
900, and l per cent tax on final
sales would yield ,275.Oo0.OoO, of
which those families with an income
of less than $4,000 or below the pres
ent income tax limit would pay
about 55 per cent.
Copyright, 1871, By The
The Washington herald., 1921-04-21

ss6,s46, or 5.5 per cent of the total
income tax paid. In other words,
IS per cent of the income tax payers
returned SIS per cent of the total
tax. On the other hand. there were
less than l per cent of the total
number of tax payers with an in
come of over s25.000. Yet this l per
cent paid Sc per cent of the total
taxes. These figures are shown in
tabular form below:
The Washington herald., 1921-04-21
COTTONSEED OIL.

NEW YORK. April 2o.-Cotton-
seed oil was weak: :s:p:o:t:. $50
bid. crude. $50 bid. Futures
April. s.00as.35: May, s.soas.3s:
June, 6.soae.75: July, 6.s5ss-s5;
August, 7.o0a7.fo; September, 7.33a
735; october. 7.43a7.5o: November.
The Washington herald., 1921-04-21
TIMELY WALL STREET TOPICS

They are especially well satisfied
with the choice of w. L. McMenimes.
as a representative of labor empha-
sizing his reputation for conserva-
tism. II Is felt that with him on
the Board the labor group will be
two-thirds' conservative. A report
was current in the financial commu-
nifty that the Railway Labor Board
will announce a new schedule of
wages to become effective May l..
This report. although not traceable
TO any definite source and not veri-
ned. was at least a small factor
contributing toward the improves
sentiment referred to.
The most significant thing about
the stock market in its present
stage is the lack of participation by
even the habituaI trader A tour
Of the financial districts these morn
ings reveals many empty chairs in
the brokerage house board rooms.
Traders are not moved to look over
the tape until well on into the ses-
sion and even then their interest is
most that Of the curious. Commis-
sion house business is not good and
there is at present likelihood Of spe-
cial Saturday holidays to enable
clerical forces 10 catch up with their
work. Professionals are in the sad
die before they are able to convince
the general public that the time has
come to enter the market and they
must arouse the habituaI trader in
to action.
Manhattan Railway Guaranteed
stock acted according to the expec-
tations Of these who had read the
newspaper story limiting that Gov
ernor Miller was i'm favor of can
collation. of the lease of the Man
haitian properties to the inter
borough. From the very beginning
of trading today the guaranteed
stock was offered without apparent
regard for the price IL would bring
Before noon the price was as low as
IS compared with 81 at the close on
Monday. None Of the stock was
sold yesterday. Cancellation Of the
lease. would. of course. be a highly
favorable development from the
point Of view OF the Interborough.
Yet 1nterborough consolidated pre-
ferred stock was reactionsry with
Manhattan stock
The Washington herald., 1921-04-21

The total of s27.5o0. 900 is far less
than is actually spent. in the United
States even for final consumption. 1t
is probable that the ma ajor portion of
the additional amount comes from
the class not now paying an income
tax and would still further increase
the proportion Of a turnover tax
which would be paid by those with
d small income.
Washington Herald.)
The Washington herald., 1921-04-21

carcass heef in washinEto4 for w<ek end
inE Saturday. April le. iaN On shipments
sold out, rsnged from Is cents toe1s cents
per pound and averaged 1852 cent? per
pound
The Sun. [volume] (Price, Utah) 1915-1932, 1921-01-07
c
I|RESTOR|NG THE BlY|NCPOWEROF YOURDOLLARS

placement values Our policy
volume and small profits makes possible regularly underse all
one compositions
We indulge sensational
advertising. We We always
This not spasmOdc sale The quoted
will find marked in plain figures the goods in
RECONSTRUCTION PRICES the lowest possible
kind of merchandise buy article priced
until sold forced by market conditions change You safely
this Come store today, prepared
The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1921-12-30

Subscribe for the Progressive
Farmer.
The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1921-12-30
Farm Products Must Advance
Or the Price of Other Com
moditieS Decline

Archer Wall Douglass, chairman
of the committee on statistics for
the United States Chamber of Com
merCe, has this to say for the busi-
ness outlook for the year 1929:
The story of business conditions
which comes from the four corners
of the United States is that of con-
tinuing stagnant markets for all
farm commodities, coupled with
prices below the cost of produc-
ton.
The situation differs as to To-
calities in degree rather than in
kind. Farmers are buying only
things of immediate and pressing
necessity. for the very good reason
that most of them have neither
ready money nor credit. They are
in an economizing mood that has
taken grim hold upon them. Coun-
try banks are loaned up all they
deem is safe, and the statements of
many observers is. that getting
money from banks for any purpose
is impossible.
The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1921-12-30
Upper Mississippi ME-. Con
ference at Columbus, Miss
January u

Bishop Robert e. Jones Of New
Orleans. Laa will preside at the
Upper Mississippi Conference of
the Methodist Episcopal Church
which will meet Jan. 11th at Co
lumbus, Miss. The Rev. E. r. Mil
Ter, pastor at Columbus. is making
the preliminary arrangements for
the conference in cooperation with
the district superintendents. Gen
eral secretaries and representatives
of the Methodist Episcopal Church
will be present at the conference
to speak on the missionary work at
home and abroad and the various
benevolent enterprises of the church
Membership in the Methodist
Episcopal Church increased 9O,4O4
during the year ending Dec. 1st.
1921, according to statistics COM
piled and announced today by DR..
Oliver s. Baketel. editor of the
Methodist yearbook. This increase
was in communicates of the church.
not adherents. The membership
of the Methodist Episcopal Church
is 3 ,938, ,655 in the United States
and 242,OS7 in foreign lands-a
total of 4 ,4S0, ,742.
Benevolent enterprises of the
church during the year received
$19.472 ,423 81. There are 4O,918|
churches and parsonages, 4,500I
ministers and local preachers. The
average yearly salary of the Metho-
dist preacher in this country is ST.
$40. There are 130 educational
institutions and "a hospitals, with
a total valuation. with other prop
erty belonging to the church and
endowments, of approximately
S450,000, 900
The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1921-12-30
600 cures Chills and Fever.
u. S. Printing in Year Covers
35 Square Miles

If the paper used by the govern
ment printing Office at Washington
during the year was laid fiat at a
thickness of one sheet it would
cover approximately 35 square
miles, and if made into octave
books. piled one on the other, they
would soar 500 miles into the air,
Public Printer Carter estimates in
his annual report.
For printing and binding 50.000.-
600 pounds of paper were used dur
ing the fiscal year ended last June
30th. Not all of the paper was
needed for printing the Congress-
ional Record ..however. as the office
gets out various other government
publications.
The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1921-12-30
= Come on along
Fill up your makin's
papers with P. A

Prince Albert 10
s0id tn toppy red
bags, tidy red tins,
handsome po und
and half pound tin
huT7idoTS and ia the
pound crystal glass
IA a VA 1 dor with
sponge n1oiStsnsr
ton.
The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1921-12-30
600 quickly relieves a cold.
ONE WEAK SPOT
Many Aberdeen People Have
Weak Part and Too Often
It's the Back

Many people haye a weak spot.
Too often it's bad back
Twinges follow every sudden twist.
Dull aching keeps up. day and night.
Bachache is often from weak kid
neys.
In such case kidney medicine is
needed.
Doan's Kidney Pills are for weak
kidneys.
For backacne and urinary ills.
Aberdeen people recommend the
remedy. Ask your neighbor.
Mrs. J. M. Brown, 21O ). Meridian
ST., Aberdeen. says: II needed a
kidney remedy because my kidneys
didn't act right and caused my back
To be lame. l used Doan's Kidney
Pills as / heard a lot about them.
They proved very beneficial and sat
isfactory in every respect"
Price 60c at all dealers. DON'T
simply ask for kidney remedy-get
Doan's Kidney Pills-the same that
Mrs. Brown had. Foster Milburn Co
Mfg. Rnffslo. N. Y. IAdv.l
The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1921-12-30

Continued on Eighth Page.
The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1921-12-30
BIG DEMAND FOR NEW
TREASURY CERTIFICATES

Demand for the new issue OF
Treasury Savings Certificates has
far exceeded the expectations oi
the Savings Division of the Treas
ury Department. w Irving Glover,
Third Assistant Postmaster Gen
eral. announces that he has already
received requests by telegraph and
mail from more than one hundred
and fifty first and second-class Of
fees calling for additional supplies
of the savings certificates of the
three denominations of S25, 500
and ST 900.
Telegraphic orders have been
received" " said Mr. Glover. from
six or seven first-class postoffiees
for certificates of the 81 900 denom-
nations to the value of 100000
for each of the offices. The post
masters advise US that their initial
supplies were disposed of on the
first day the certificates were plac-
ed on sale
The new certificates are issued on
a discount basis. and have been
placed on sale in the eight hundred
first-class and twenty eight hun
dred second-class offices The selling
prices which have been announced
are $50 for the S26 certificates, $50
for the 500 and $500 for the ST.
600. The certificates will mature
in five years from date of sale, and
if held to maturity yield interest at
the rate of = Der cent per annum,
compounded semi-annually. One
of the attractive features is the facts
that the certificates can be redeem
ed at any time upon presentation
and surrender at the Treasury De-
partment. and in that event yield
interest at the rate of about 312 per
cent per annum- compounded semi
annually. The limit of holdings has
been increased from $1,000 to $5.-
600 maturity value of certificates
purchased in any one calendar
year.
The Postoffice Department an
nounces that the new issue of GER
tificates will be on sale in twelve
thousand postoffices before Jan. l.
1922. Postmasters throughout the
country are most enthusiastic over
the new securities. Third Assistant
Postmaster General Glover said.
and the Stamp Division with its
large staff of clerks is kept busy
supplying the demands for addi-
tional supplies of the certificates.
The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1921-12-30
Presidents

The following interesting infor
nation is going the rounds of the
press credited to an exchange:
Nine presidents of the United
States were not college men.
Nine were sons of farmers and
five of planters.
Three were sons of merchants and
three of clergymen.
Two were sons of lawyers and
one of iurist.
One was the son of statesman,
one of sexton. one a tanner. one
a manufacturer and one a physi-
The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1921-12-30
Cotton Ginnings

Cotton ginned in Monroe county
from the crop of 1921 to Decem-
Der 13 1921. amounted to 9,435
bales. against 7,0S8 bales to cor
responding date in 1920.
s. A. DALTON,
Census Agent.
The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1921-12-30

clan.
Eight presidents were born in
Virginia and seven in Ohio.
Three were born in New York
and three in North Carolina.
Two were born in Massachusetts,.
The others were born each in
New Hampshire. Pennsylvania.
Kentucky. Vermont and New Jer-
sey
Only one president (GranO was
a graduate of West Point and none
OF Annapolis.
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The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1921-12-30

Rub My-Tism for Rheumatism