davidaulloa/AmericanStories huggingface dataset:
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
IRON, STEEL, TEXTILE
OUTPUT INCREASING;
BUSINESS IS BETTER
lBv Associated Press)

WASHINGTON, Dec. 7.-COntinued
Improvement in business conditions in
October. reflected notably in increased
output of iron and steel and textile
products and also a widespread stim-
ulation in building and It's related in.
dustries, was reported by the depart
ment of commerce today in its Sur
yey of current business"
While prices continued to decline
slightly during October, the survey
showed, the relative stability of prices
as compared with preceding months
and the improved banking situation, as
evidenced by smaller loans and lower
interest rates were cited as conditions
favorable to continued business I'M
prOyement.
With the exception of metals the
quantitative production in the impor-
tant industries was shown by the sur
vey to be equal or greater than the
before the war average of 1918, many
lines, including pig-iron and cotton and
tobacco manufactures showing an in
crease of about one-thiTd over the min
imum production for the current year
An increase of 20 per cent over the
imminent was reported in the produc'
ton of bituminous coal while the out
put of wheat -four, cement and wool
products was shown to have been ap-
prOximately double the minimum
figures
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
AVERAGE CITIZEN, HAVING DICESTED TAX LAW
IS PLEASED, THROUGH SURTAx IS CRITICIZED

ton, At the average dividend rate
paid by such associations this will
enable people 10 invest between $1,000
and $4,000 in building and loan stock
and have the income free from federal
taxation. There are at present about
100000 members in 5000 building
and loan associations thar will be eff
fected by this provision. hundreds of
citizens of Richmond, Ind, hold stock
in local associations. It is anticipated
that this provision will encourage
people TO invest in building and loan
association stock. If So that. in turn,
will furnish stimulus TO the building
of more homes and houses.
Shift Burden
The average man as a buyer has al
so commented favOrably on the fact
that the new tax law rcpeals all fed
eral taxes on wearing apparel, shoes,
etc Although the new law did not
repeal the luxury tax oil household
furniture, trunks and other manufac-
tured articles, it did shift the tax from
the consumer to the manufacturer.
Under the old law the consumer
paid the tax on the basis of the re
Continued on Page Eleyen.J
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
PUBLIC IS hHANIFESTING EARLY INTEREST
is PROVIDING CHRISTMAS JOY FOR NEEDY

The 1921 Christmas is to be the
merriest and happiest in th ehistory
of Richmond.
Gloom and worry. heartaches and
despair will be supplemented with the
spirit of the holiday-"Peace on earth,
good will to men
Never in its history has the city
manifested such an early interest in
the celebration of the holiday, r.
quests for the names of families re
quiring aid and of children whose
hearts need to be gladdened, have
come to the Social Service bureau in
large numbers.
The Salvation Army will distribute
IS baskets and the Elks lodge 100 or
more Each basket will be filled with
foodstuffs. Kettles in which donors
may drop coins for the Salvation army
will be placed on the streets next
Saturday If you have canned goods
to give to the Salvation Army, call
telephone No. 1405, and member
will call for them.
To prevent Implications Of baskets,
persons and organizations desirOus Of
participating in the Golden Rule part
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
FOUR men ARRESTED
IN CONNECTION WITH
ROBBING OF PROCTORS

CINCINNATI. Dec. -Four men ar
rested late yesterday in connection
with the robbing of jewelry valued at
from $4,000 to 100000 at the home
of Col. William Cooper Proctor, at
Glendale, O., on Nov. 2S, last, were
taken before Mayor Ralph Rogan. of
Glendale, today and arraigned on a
charge of robbery.
Acting on information given by one
of the accused men, detectives today
arrested Eliza Grow, a negress at her
home here, and recovered two jeweled
pins.
The police say each of the four men
made statements of their part in the
robbery before being taken to Glen
dale. Approximately $4,000 worth OF
the stolen jewelry has been recovered
police say.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
FINE POLICE Chief
FOR TAKING BRIBE
(Bv Associated Pressl

BONNEVILLE. Ind. Dec. John
c. Vincent, chief of the Bonneville po-
lice department was found guilty by
a jury in circuit court today on charge
of compromising a misdemeanor A fine
of 500 and sentence of 10 days in
Jail were recommended.
Vincent was charged with taking S25
from Irl Roth, who was operating an
automobile without license, and not
preferring charges against Roth. He
was also accused of having accepted
money from gambling interests.
Judge NJ. L. Tweedy said he would
not sentence Vincent until a motion
for new trial had been made
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07

WASHINGTON, Dec. THE coun-
try has now digested the tax revision
law, enacted few days ago in the
closing hours of the extra session Of
congress. and the national lawmakers
are in receipt of flood of comment
on the measure.
Generally speaking. the business in
terests are not entirely satisfied with
the new law. As a whole, though,
these interests agree that the new
taxing system is a great improve
ment over the law it supercedes The
provision which fixes a maximum sur
tax of so per cent on incomes instead
Of 40 per cent, as recommended by
President Harding. is the target for
most of the criticism business aims
at the new law. Fault is generally
found with the fact that the repeal
of the excess profits tax is not made
applicable for the present calendar
year.
The average man. particularly mar
ried men and heads of families hay
ing an income of less than $4,000 Il
year, has indicated that he has found
much qualification in his perusal of
the new tax law for it removes 4
large part of the burden of federal
taxation he has been carrying.
Married Men Pleased.
Under the old tax law married men
or heads of families having less than
s.. eco per year were allowed an eX-
emption of $4,000. Under the new
law. this exemption is increased to s.,
500 and the change is effective on this
years income. 1t is estimated that
it will benefit approximately 10000
heads of families and that it will re
duce by $70,OOO000 the amount of
taxes they have been paying to the
federal government There also is an
increase in the exemption for depend
ents. other than wives, allowed to
married men and heads of families.
Under the old law the exemption fOr
each dependent was 5000 1t is $500
under the new law. This will benefit
approximately 100000 people in ad-
diuon to the 100000 mentioned.
Another feature of the new tax law
which closely touches the average man
is the exemption of the first $500 OF
income which is derived from divi
dends of building and loan associa
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
nv Associated Prcss)

Nv Associate PTCsSD
BELFAST. Dec. 7--James Craig.
Ulster premier. told the Ulster par
liament today he did not think it was
expediant 10 make any statement with
regard TO the details OF the new Irish
proposals, as there We're antiquities
here and there in the documents.
In a message from Sir James Craig
received by Lady Craig at Ratheisland
county Down today the Ulster pre-
mier said: 1t now appears 10 me that
peace may possibly be within sight If
all work together to that end with
patience and good will"
LONDON, Dec. 7.-Ulster's attitude
toward the establishment of the Irish
free state was expected to be defined
today at a meeting of Sir James
CTaig's cabinet.
1t is certain that the treaty will un-
dergo searching examination before
receiving the approval of Ulster, and
many notifications undoubtedly will
be proposed Her consent, however,
is not necessary, as under the treaty
terms she is given the option of re
sion of her boundaries by a commits
sion.
Favorable action by the Dali Eireann
is thought to be fairly we'll assured
and that of the imperial parliament,
which has been summoned to meet
Dec II is toregone conclusion
should the Dali Eireann approve the
treaty
King George Presides.
King George came to London from
Sandringham today to preside at a
meeting of the privv council and sign
proclamation calling d special se5
sion Of parliament for Wednesday
next to consider the momentous agree
ment reached yesterday between
Great Britain and Ireland for the es
tablishment of the Irish free state.
Should the agreement be approved
of which little doubt is entertained
the session will last only a few days
and the parliament will adjourn until
the regular session in February when
a resolution implying the agreement
will be dealt with.
The king is expected to open the
special session in person, in which
case the ceremony will assume the
dignity and magnificance of regular
opening of parliament. The kings
! speech will deal entirely with the Irisl
question. and the debate, which ordin
arily on such an occasion touches up
! on every subject with which the par
/ lament has to do, will likewise bt
limited to Irish affairs.
/ Here and there amid the genera
chorus of praise for the agreement are
sounded notes of warning that troubl,
may yet break out before a final set
tlement is effected, and this warnin:
/ does not come from quarters opposing
/ the agreement. 1t is pointed out tha
nobody has yet drawn from Eamon De
Valera, Irish republican leader a state
ment as to his attitude toward tn,
plan.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
13 BODIES
OF over 100 KILLED
IN PRUSSIAN BLAST

BERLIN. Dec. THE bodies nf
only 13 of the more than one hun
dred persons killed in the explosion
yesterday at the Nobel Dynamite
works at Saarlouis, Rhennish Prussia,
have been recovered, according to the
latest reports received here. The
number of injured has not been ascer-
tanned
The explosion, which occurred In an
oil tank, destroyed the greater part
of the factory. Houses in the neigh
borhood suffered badly, roofs being
blown off and the walls collapsing
Fire which started in the ruins spread
to the surrounding forests.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
Robbers Get 300 Haul
At Indianapolis Store

INDIANAPOLIS, Dec. Robbers
who broke into the drygoods store of
David and Aaron Cohen in Brightwood,
late last night or early today obtained
900 in cash and $500 in bonds. ac-
cording to a report made to the local
police The safe was unlocked ii
was said.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
DIAz SAILS SATURDAY

WASHINGTON, Dec. 7. - General
Diaz of Italy planned TO leave tonight
for Boston from where he will sail for
Italy on Saturday. His program today
included parting calls on President
Harding and Secretary Weeks and a
lunch at noon with General Pershing
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07

of the Christmas celebration are ASK
ed to register the names of the FAM
lies with Miss Ethel Clark of the So
Cial Service bureau
Prevents Duplications.
The bureau does not distribute this
material, neither does it dictate to
whom it is to go, but it will be Of
great service in preventing duplica
CONTINUED on Page Ten)
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
De Valera Still Silent on Irish Settlement

Eamon De Valera so far has
declined to comment on the
settlement with Great Britain,
giving Ireland title of Irish Free
State" This photo. the latest
taken of the Irish leader, was
snapped after he had been made
chancellor of the National Uni
versity of Dublin recently.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07

The
the expectation that will be cabinet head
of
Taylor Upton worked suffrage
l.
a
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07

Weather conditions-The barometric
pressure has increased over the cen
tral and eastern states and diminished
in the southwest 1t is cloudy and un-
settled over the southern plain states
where a storm has developed. Moder-
ately cold weather is the rule over
the United States excepting over por-
tions of Wyoming where zero temper
atures exist.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
IMPRISON HERRERA
WHEN GOVERNMENT
FALLSIN GUATEMALA

WASHINGTON, Dec. 7. - Carlos
Herrera, whose government was over
thrown in Guatemala, in revolution
which began Monday midnight. was re
ported in advices to American officials
today to be prisoner in his resi-
dence. Members of the Herrera cabi-
net the advices say, are being held in
military prisons.
Herrera's government was over
thrown at midnight Monday after
fighting in which three persons were
killed and several wounded. The
president surrendered his powers to
provisional government headed by
General Jose Maria Lima. General Or
ellana and Miguel Larrave, former
under secretary of war.
The provisional government Is said
to have imprisoned foreign minister
Luis Aguirre, finance minister Emilio
Escamilla, vice-president Zelaya. the
president Of the congress, Rafael Pinot
and various members Of the Unionist
party.
The casualties came as the result of
the resistance to the reyolutionists by
the city police. The country was
tranquil today.
Carlos Herrera became provisional
president of Guatemala after the revo-
luton in April, 1920 in which the gov.
cTnment of Estrada Cabrera was over
thrown. Herrera's government was
recognized by France and the United
States. Three months afterward and
in September of the same year he was
regularly elected as president f01. a
term Of six years.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
STATEMENT WITHHELD
BY CRAIG REGARDING
SETTLEMENT DETAILS
BULLETIN

LONDON. Dec king George to-
day issued a proclamation releasing
all political prisoners interned in Ire
land
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-07
Weather Forecast

Cloudy tonight and Thursday. Snow
and possibly rain.
Unsettled weather is in prospect
with snow and possibly rain and with
temperatures of freezing and above at
intervals during the next SO hours
For Indiana by the United States
Weather Bureau-Snow or rain to-
night and Thursday; colder in extreme
southwest portion.
Temperatures For Yesterday.
New-York tribune., 1921-05-08
Kansas City Southern Prefsseea

Question: hold two e--Ares OF Kansas
City Southern Railway preferred. DE you
think il would be good plan TO exchange
this fer one share OF Bethlehem Steel 4
per cent preferred am holding one
share OF this stock at the present time.
purchased the Southern Railway preferred
at ~ v, and II has now advanced TO as.
thought that IL might now DC exchanged
good advantage. thought that perhaps
there might be some doubt as to whether
or not the dividends on the Kansas City
Southern preferred stock were safe both
now and In the future. to say nothing of
the common. Are the dividends on the
Kansas City Southern preferred paia quar-
teriy?-W. II. B.
Answer--It is evident from your let
ter that you are attempting to specu-
late, not to invest. Speculation is q
highly technical business, and we do
not undertake TO advise in regard
thereto. We consider Kansas City
Southern common speculative, and
Kansas City Southern preferred as
somewhat speculative, although we
think that the chances are reasonably
good of the preferred continuing to
pay it's per cent dividends. These
dividends are paid l per cent quar-
terly.
New-York tribune., 1921-05-08
Puget Sound Power and Light

Question--WHl you kindly give your
opinion of the Puget Sound Power and
Light CoHpany's bond, about tn be issued
Am locking for safety. as Well as in
come.--L Fl. L.
Answer-The Puget Sound Power and
Light Company is paying nearly s per
cent for it's money because it needs
money now, not in the future. To pro-
tect itself, however, against a possi-
bility of much lower prices for money
it's general and refunding mortgage III
per cent bonds, due 1s41, are redeem
able at the option of the company at
1o5 up to May /, 1925, and after that
date at lower price. We think that
the hytlro-electric companies, when
conservatively capitalized, are good
investment. The Puget Sound Power
and Light 7h per cent bonds appear to
be secured amply. In the year ended
March 81, 1921. interest charges were
earned more than twice over. The dis
trict served is prosperous, and has
shown rapid growth in the recent
past. The companies which generate
power by steam have felt the increased
cost of coal severely. This company
however. generates large part of its
power through hydro-eleetric plants
and this is an added factor Of strength
/ in our opinion. We consider the bonds
good investment.
New-York tribune., 1921-05-08
Will Consolidate Debt
Government of East Indies Pro
poses New Bond Issue

1t is proposed by the government of
the Dutch East Indies to issue new
bonds in the amount of 250,000, 900
florins for the purpose of censolidat-
ing portion of the floating debt.
The public debt of the Dutch East
Indies amounts to 426,5oS,1o2 florins,
made up of six loans--twe at 8 per
cent, three at 8 per cent and one at
6 per cent. Besides this bonded debt
there is q floating debt for money
advanced by the Java Bank for ap-
proximately S4o,ooo,ooo florins and an
unsecured issue of small notes amount
ing to 100000 florins. This puts
the total obligations of the govern
ment, exclusive of the note issues OF
the Java Bank, at S,508,1o2 florins.
Bond issues of the Netherlands col
onies have never been issued else
where than in Holland. Dutch inves-
tors have found them to yield a sure
and satisfactory income, and this part
of Hollands foreign investments has
contributed in no small measure to
that country's wealth. The Dutch
florin is now selling at New York AT
q discount of about IA per cent, and II
| is probable that some American pur-
chases of the new issue viii be made
New-York tribune., 1921-05-08
Standard Oil, N. Y.
Earnings Decline
Slightly In 1920
Book Value of Assets I'm
crease From $50, ,OOO,-
600 to More Than SILL
600, 900; Liabilities Gain

In the calendar year 1920 the book
value of the real estate, plants. vessels
and other fixed assets of the Standard
Oil Company of New York increased
frmo Ss5,s7o,00o to $1ts,5o2,0o0. and
inventories of merchandise increased
from $s8,s23,oo0 TO $123,ss6,o00. Cash
and other current assets were less at
the end of the year than at the begin
ming by about S3,00o,o00 and totaled
December 81, 1920, s74,S42,G0o. Cur
rent liabilities increased from $685..
100000 sat the beginning of 1890 tc
$50 6,571 900 at the end of 1920.
During the year the company earned
net, after the payment of operating ex-
penses and taxes and after allowing
for reserves and depreciation, $3s, ,406,-
600. In 1919 the net earned was $43,-
10000. The earnings on the S75,00o,-
900 stock were equivalent in 1920 to
1854 per cent and in 1919 to 57.55 per
cent.
The Standard Oil Company Of New
York is the Standard Oil company
which is supposed to control large
portion of the Far Eastern trade in oil,
1t owns four refneries in New York
City, one in Buffalo and one in Provl-
dence 1t markets oil in the New Eng
land States and in New York.
New-York tribune., 1921-05-08

ouestiea-~r have soms bonds, safe. re.
sreesabie, but 90 aninterestingl Also 7
naSs ma sisse ready 70 invest. Can sea teil
which have possibilities OF what you sall
asprseiation In market yalae,'f Not
somsthing which may have 9 isttle yeast
Ia them why blame the daughters az
Eve for hankerins so spseaiatef Waa not
eve ready TO take q chance s-IAsiss *, n,
Answer-~We suggast Cities Service
per cent dshentures, series B or C.
1866, or the new MARYLAND Oil Conn
pany 9 per cent sinking fund bonds
1881. The conversion features Of the
Cities Service and the participating
privilege of the Maroland, and also it's
subscription rights, will probably add
sast to your investment. Yea, we un-
deYstand Eve took chance in Forbid
den Fruit preferred, but we never
heard of anybody erecting monu-
ment TO her for that performance.
The promoter has not been paid in full.
to this dsy.
New-York tribune., 1921-05-08
woman's List Can Be Improved

Question: ask your opinion Of the fol
loWns securities as safe e
bond 6la per cent; Rochester IN 70
Telephone Company 1883 bond, per cent
bond. S per cent United Kingdom 1899
bond. 3 x per cent; Province of Manitoba
canadian Northern Railway 1890 bond,
common and preferred stock, per cent :
American Druggist syndicate capital
stock, per cent; De Nilbiss MangfaeanrE @ asdoi,
Regal Shoe preferred stock, per cent !;
Coon Ice Cream Company preferred stock,
pany preferred stock. per cent Adirono
dack Power and Light Corporation ls45
Ssnd per cent Ngrtsern states powss
Power Company 1895 bond. per cent;
awinigan Water and Power Company
so hone pss sss heT een
vada California Electric Corporation 1880
bond. per cent; American Agrleultural
Chernieai Company 3940 bond, per cent
Mrs Il. II. E.
Answer--of the bonds named on
your list, the Northwestern Bell Tele.-
phone, the Shawinigan Water &
Power, the Consumers Power. the
Northern States Power, are, in our
ouinion, safe investments. The
Province of Manitoba, Canadian
Northern 4s, the United Kingdom OF
Great Britain and Ireland b1ss are
good investments ana are sne c!ass
! that we rank as high grade. The
Adirondack Power & Light bond Is
good, but we would not advise having
| too large proportion of your invest
ments in one class of securities, and
I you already have three good power
| company bonds. The rest of the list
we do not consider suitable for q
woman. Stock is dependent on the
| earnings for the payment of any in
| come and we doubt whether you are
| in a position to- watch your invest
ments closely enough TO be even rea-
| sonably safe with anything but high
grade investments. The three public
| utilities which head your list are good
| Investments, but in our opinion not
suitable for your requirements. Look
at some of the lists of bonds that we
| publish frequently IN these columns
we consider are good investments foi
| women.
New-York tribune., 1921-05-08
Rurnania Plans Loan
Flotation Sought in Dutch Mar
ket Through Acceptances

The government of RuHania is ne
gotiating for loan in Holland which
will take the form of aeceptanee by
Dutch banks of Rumanian government
Treasury bills, according TO the Ameri~
can Express Company. Two months
ago Rumania successfully arranged for
similar loan in Paris, the amount
being 200 600 900 francs.
A further considerable increase IN
che eountry's foreign debt appears to
be inevitable, as Rumania faces large
expenditures for railway repairs, har-
Dor construction and the repair OF war
damages. when certain agragrian re,
forms have been made effective and
her transportation system improved
Rumania should be amply able to meet
all her obligations dIle ooa nacioma, aen nisa
francs, while the total debt IS lo,5oOs-
GOO, GOO of this total, 4,ooo,ooo,ooo Is
external debt.