davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-12
TRUSTEES
TO OPERATE
STOCKYARD
Court Approves New Plan
to Dispose Of Pack
ers' Interests.

Washington, April Ia new
plan under which Swift & Co. and
Armour & Co. are to divest them
selves Of their interests in stock
yards and stockyard terminal rail-
roads was agreed upon today by
the department of justice and i'm
mediately approved by Justice
Stafford Of the District Of Colum-
bia supreme court.
Under the plan the companies
must deliver their stock in the
yards and terminals to the Illinois
Trust & Savings bank at Chicago
within 80 days for administration
by two trustees, Henry W. Ander-
son Of Richmond, Va, and George
Sutherland of Salt Lake City, Utah
until sold. which must be within
a year.
The trustees are to receive sal
aries Of $4,000 a year each and
will have power to interfere in the
management of any stockyard OF
railroad if in the opinion of both
either the Sherman Act or the
terms of the decree are being vic.
lated.
Must Sell Stock.
The plan sets forth that the de.
PENDANTS are to proceed to sell
their stock with due diligence WITH
reports of all sales submitted te
the court for its approval. These
reports must contain the price, anG
the name of the proposed purchas
ers and must be accompanied by al
fidavits that the proposed purchas'
ers are in no way connected witt
the defendenats.
"The legal principle of course wal
up to the department of justice,
Justice Stafford said after he hdl
signed the plan. land when the de
partment had approved the plal
it was only incumbent upon me Il
see that the law was not violated
by any of the particulars. l wa
glad to find that such was not th'
case and therefore approved tn
plan"
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-12
ONE KILLED IN
AKRON BLOW UP

Akron. Ohio. April 12.-One man
was killed and six others we're in
jured this morning when an explo-
sion wrecked the cement house Of
the Miller Rubber company. Off
cials Of the company estimated the
damage at $25,000. An investigation
has been started to determine the
cause Of the accident. Large guam
titles of gasoline and chemicals
were used in this department Of the
factory, It is said.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-12
WOMEN FAVOR
MANY REFORMS
ATLEAGUE MEET
Convention at Cleue.
land Has Varied
Program.

cleveland. Ohio, April 1.-THE
second annual convention of the
National League of Women Voters
formally opened here this morning
with more than 1000 delegates and
alternates from all parts of the
country in attendance. The con-
vention will close on Saturday aft
ernoon.
The conventions working sched-
ule was drafted in seven pre-con-
vention conferences yesterday.
three Of the conferences completing
their recommendations. Four Of
the conferences were unable to
complete their reports because of
deadlocks. The four are expected
to complete their recommendation
by noon today.
Conferences on child welfare, uni
form laws concerning women and
food supply and demand, reported
their recommendations last night.
Those to report today are Amert-
can citizenship, election laws and
methods, social hygiene, and wo-
men in industry.
The conference on child welfare
recommended the immediate pas
sage of congressional bill giving
federal aid for maternity and il
fant care; endorsed the principle Of
physical education in schools
through state action, urged the en-
forcement of all child labor and
school attendance laws.
Food Legislation.
The food supply and demand
conference recommended legisla-
ton for the acquisition of stock
yards by railroads; federal regula-
tion of the meat packing industry !;
prevention Of unfair trade prac-
tees and cooperation with federal
agencies to secure the proper pro-
| duction, distribution and use OF
food.
The uniform laws concerning wo-
men conference recommended uni
form state legislation on marriage
and divorce, abolition of common
law" marriages, legislation reQuir.
ing health certificates as one re.
Quisite for the marriage license
equal property rights OF swome1
with their husbands, laws prohib.
iting the evasion Of marriage laws
Legislation making wife and chill
dren abandonment a criminal of.
fense, exemption from jury service
of mothers of young children, and
mothers pensions.
| All these recommendations ans
those to be made by the four Other
conferences to report today will b.
acted on during the week
Bar Packers.
Chicago, April 12.-Mrs. E. T
Costigan, of the National League o.
Women Voters, refused to allow {
representative of the Institute o.
American Meat Packers to presen
facts and figures concerning the in
dustry to the conference ON foOt
supply and demand, according tt
charges made public here today b,
the institute. The statement said
that S. T. Nash, president Of tn.
Cleveland Provision company, ant
vice president of the institute, was
told by Mrs. Costigan that "it would
be impossible to permit the packers
side to be given a hearing at the
committee conference"
| According to the statement Mr.
Nash had requested that the insti
tute be given place on the pro
gram because he had learned thai
1.-the announced program plainly in
dicated that only one side Of the
question would be presented
when federal regulation of the mea
industry would be considered.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-12
NEW DRAFT RULE.

Washington, April 12.-Drafts se-
cured by warehouse receipts cover
ing sacramental wine in storage
are made ineligible for rediscount
by federal reserve banks, under q
ruling issued today BY the federal
reserve board.
The ruling, however, the board
said, does not affect the legal right
Of . hank to make q loan on the
note of q borrower secured by a
warehouse receipt covering wine in
bond.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-12
HARDING FORMS
APARTNERSHLP A
WITH CONGRESS
Separate Peace Not to
Haze Pro-Cern,an
Tone.
BY DAVID LAWRENCE.
Especial to The Argus.)

Washington, April 11.-President
Harding and congress have enter
ed upon an era of complete partner
ship. Talks with returning mem
bers indicate that Mr.. Harding has
behind him in congress a powerful
influence for cooperation. "Irre-
concilables" as we'll as "reserva-
tionists" as the groups became
known in the treaty fight, are as
serting with unmistakable positive
ness that 'the president and the
senate are going to get along ex-
ceptionally we'll together"
Mr.. Harding has decided to read
his address to congress. On the
surface this seems as If he had
merely swallowed another Wilson
policy, but there will be distinct
difference between the ways of Mr..
Wilson and Mr.. Harding. The for
mer was wont to enter the legisla-
tive chamber in solemn dignity and
depart as abruptly as be came. Mr..
Harding views his visits to the cap
itOl as an opportunity to mingle
with colleagues in the cloak rooms
and drink in the atmosphere of fell
lowship which is characteristic of
the membership Of both the senate
and house irrespective Of party.
The new president can call men,
bers Of congress by their first
names and hardly feel that he is
doing something artificial to curry
favor. Warren Harding's visit to
the capitol will be a simple return
to the congressional fold Of one VINO
spent six years alongside the same
individuals whose cooperation he
now seeks.
SPLITTER Enders."
The writer has been talking with
some of the so-called bitter end
ers" in the senate who feel salts
fed that Mr.. Harding has interpret
ed the mandate Of the last election
correctly when he turns his back
on the League of Nations and peace
treaty. But the significant thing
which one draws from conversa-
tions with these senators is that the
alternative separate peace with
Germany-doesnt mean the same
thing to them as it does to the folks
who have been regarding such a
step as "an abandonment Of the al
lies" or a "pro-German peace"
OF one thing the public may be
assured and that is that when
America makes a separate peace il
will not be a pro-German peace bu'
pro-ally peace. Anything else
would be absurd and unthinkable
: None other than Senator Knox
author of the resolution declaring
a state of peace with Germany gave
the writer such an assurance in ar
informal talk on the peace ou,
look. Mr.. Knox is in complete ac
cordance with the Hughes policies
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-12
FLAG PUT AT
HALF-MAST
over DOORN
Hohenzollerns Gather for
Burial Of Augusta -H-
Kaiser Grieves.
Doorn, Aprl 12.-Unite.1 Press

Doom, Aprn 12.-United Press
The German flag few at half mast
over Doom castle today as mem
bers OF the Hohenzollern family
gathered for the funeral of the ex-
Empress Augusta Victoria. The
crown prince reached here from his
asylum at Wierengem. His arrival
differed from his usual dash into
the quiet Dutch town in roaring
automobile. The entry was quiet
and Friedrich Wilhelm brought
with him black-clad officials of the
Dutch government to condole with
his father. The gates to the former
kaiser's residence were under
double guard. Within the gates all
was quiet Only glimpses of oc-
casional groups sauntering over the
grounds could be caught.
The ex-emperor remained within
doors. He was said to have iso-
lated himself and to be showing
signs Of the deepest grief. His at
tendant was Prince Adelbert, in
"AOo0 oA uo IAo GIL ~ cOS ulcU.
Chapel Servica
DR.. Dysander, former court
chaplain, was another arrival to-
day. He will have charge Of the
private services in the little chapel
today or tomorrow. He will have
the assistance of clergymen from
HARLEM and Doom.
Plans were laid today for the
removal of the body early in the
morning after the services here. Ii
will be taken to the railway station
in a specially built automobile. A
the boundary line the kaiser ant
crown prince will be halted Will,
the remains Of the empress go on tt
Berlin to be paid the honors O
royalty.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-12
FOR GERMAN PEACE, But SCRAPS LEAGUE
DISTINGUISHED
JAPANESE MAY
VISIT AMERICA
Pacific Problems To
Be Discussed bv
ENJOY.

Toxic, April 11.-By The Asso-
ciated Press)-Plans for sending
to Washington q distinguished Jap
anese, who would take up the en-
tire range Of the so-called Pacific
problems, including mandates,
California, China, Siberia. immigra-
ton and armaments, are under
stood to be in the process Of for
mutation by the Japanese govern
ment.
Oficial announcement Of the In
tention of this country to send
such a delegate, who would act in
a capacity similar to that Of for
mer Premier Viviani Of France,
who is at present in the United
States, has not as yet been made,
but it is said that the subject is
receiving serious attention.
The note from Charles E..
Hughes, American secretary of
state to the allies, declaring that
America does not abandon her
rights in the peace settlement,
especially concerning German over
seas possessions, not only created
a profound impression in Japan.
but has served, in addition to crys-
tallize the conviction that the time
has arrived to bring about a solu-
tion of all problems involving jap
anese and America before the rela-
tions Of those countries reach a
critical stage.
Authorities at the japanese for
eign Office confine themselves to a
statement to The Associated Press
that the Hughes note is 80 import
ant that it is receiving the most
serious consideration from the
japanese government, which is
anxious to do everything possible
to establish friendly cooperation
with the new administration in
Washington"
Jap Insignificant
It is learned from other infiu-
ential sources that the opinion
prevails among prominent Japan
ese, especially those familiar with
the United States. that the general
sitRatjeR4 4heaKgDsne 20. far.ahatss1l
requires heroic treatment to pre-.
ven the two nations from further
drifting apart There is, therefore
an inclination to permit the prob.
lem involved in the disposition OF
the island Of Yap to sink into com.
parative unimportance before a dis
cussion Of all the questions center.
ing about the Pacific regarding
, which Japan and America have
! serious differences.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-12
10 REDUCE STOCK.

ST,umous. Ohio. April l2.-The
NY liyear Tire Z Rubber company,
. Ua. today fled articles with the
n. N'.ary OF state reducing its COM
eApital stock from 500, 0,00o,-
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-12
THE WEATHER

Showers probably tonight and
Wednesday. Cooler Wednesday.
Highest temperature yesterday.
So; lowest last night, As.
Wind velocity at z q. m, s miles
per hour.
Precipitation, nome
l2m. 7p.m. Tam.
yes.sr. yester. today
Dry bulb temp. ..55 IS H
Wet bulb temp. ..43 45 AZ
Relative humid. .33 ~ IS
River stage, 5.6, . fall OF z IN
last "a hours.
River Forecast
Slowly falling stages in the Mis-
sissippi will prevail from below
Dubuque to Muscatine unless heavy
rains occur
E. E. UNGER,
Observer.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-04-12

Continued on Page Fifteen.)
The New York herald., 1921-07-01
How Rumors sprend.

The manner in which some harmless
speech overheard by one for whom It is
not intended can be and frequently is
distorted and spread about In the shape
OF most unsettling rumor was excel
lently shown on Wednesday on the floor
OF the New York Stock Exchange.
Things were moving along quietly when
suddenly some one told somebody else
that New York Stock Exchange seats
were selling for $4,000. That startling
bit of information was passed about
from one to another, and in no time the
floor knew that there had been break
of $4,000 in the value OF the seats.
Among those to whom the runlor came
were members of the Exchanges COM
mittee on admissions. which has charge
of sales of seats, and as they had heard
of no sale at such a figure they made
inquiries to find out where the report
had started. 1t developed that in dis
cussing the scarcity of tickets for the
Dempsey-Carpentier fight on Saturday
one broker mentioned to another that he
understood that seats are selling for
75." Another broker. passing by. heard
only the quoted portion of the remarks,
and Immediately interpreted 1t as re-
ferring to Exchange seats. Thus was
another unsettling and entirely un-
founded ru1ror set on foot and given
wide circulation.
The New York herald., 1921-07-01
STEEL COMPANIES TO
CUT PRICES AND WAGES
Bethlehem, MidUale and Re-
public Expected to Act Soon.

Three independent steel companies,
tho Bethlehem Steel Corporation. the
Midvale Steel and Ordnance Company
and the Republic Iron and Steel Com
pany. are expected in the next few days
to announce new reductions in prices
of products and In wages. Action by
the United States Steel Corporation Is
not expected before July 15
Business In the steel industry is about
at it's low point, Notwithstanding the
price reductions made several weeks
ago. It was hoped by steel men at that
time that the lower prices would re-
lease orders for needed material When
the reductions were announced, how
ever, there was a slight squirt In busi-
ness. followed by an even greater de-
preston than preceded the price cuts.
Steel manufacturers arc confident,
however, that with stocks OF steel at
the lowest point in years and with the
needs OF the country estimated to be
high, further reduction will bring into
the market at least sufficient business
TO enable continued operation on a
much higher rate than at present.
The New York herald., 1921-07-01
First Aid TO Railroads.

The present industrial depression and
the Importance Of an early reduction in
transportation charges require that
business men generally arouse them
selves to the serious condition confront
ing the railroads, says William II. Barr,
president of the National Founders AS
sociation, in letter to its members. AS
remedies for the railroad situation, he
urges that the members actively support
steps to abolish the national agreements
on railway working rules, to restore to
individual carriers Jurisdiction in ques-
tions of wages, classifications and work.
ing conditions. to repeal the Adamson
eight hour law and to fund debts owed
the Government for expenditures on ad-
ditions and betterments during Federal
control.
The New York herald., 1921-07-01
TO PLAN FUNDING OF
ROADS DEBTS TO u. S.
Association of RailUay Ex-
ecufiUes Will Meet Today.

The funding of tho 500. .ooo. 900 debt
owed to the Government for capital ex-
penditures on railroad property In the
twenty-six months Of Federal control,
the expedition Of final settlement of ac-
counts with the United States Railroad
Administration. the decision OF the Rail-
road Labor Board extending q part OF
the national working agreements beyond
July / and measures 10 increase through
greater efficiency the earnings OF the
American Railway Express Company.
whose earnings under the uniform ex-
press contracts are shared by the car
riers, will be discussed to-day at meet
Ing Of the members roads OF the Associa-
ton of Railway Executives In the New
Haven Railroad board room In the
Grand Central Terminal
Interest Is expected to centre upon the
reports OF I. De Witt Cuyler. chairman
OF the association, and members Of the
steering committee on their conference
with President Harding last Wednesday
concerning the founding problem. OF
total Of 81. 200. 900, 900 owed by the roads
approximately 100000 has been dis
posed of mainly by the issuance Of equip
ment trust obligations. The remainder
has been further reduced by about
100000, 900 by those railroads which
have concluded settlements.
The New York herald., 1921-07-01
CONSOLIDATED EXCHANGE.

There were violent recessions In the
Pan-American oils and wide gains in
the railway issues during yesterdays
Consolidated Stock Exchange trading,
losses In the former being based on the
projected United States import tax on
foreign crude oil and accumulation Of
the rails was Influenced chiefly by the
new wage schedules effective to-day.
Most active Industrial shares fell in line
with the early downward trend of prices
and rallied sharply In the late trading,
a few steel and equipment stocks rising
above Wednesdays final figures. De-
clines of 14h at the minimum in Mex
lean Petroleum to 9Sh, 6 in Pan-Amer-
lean to 42L, 6 In General Asphalt to
As and 51a in Famous Players to 55A
were outstanding features Of the trad
ing.
Northern Pacific rose 2s to 71%,
Reading to 67&. Union Pacific to
1171s. Rock Island to 32k, Southern
Pacific TO 74K, Atchison to 81, Great
Northern preferred TO 67%, Chesapeake
and Ohio TO 53A. Missouri Pacific TO
2015 and Baltimore and Ohio * to
3s%.
United States Steel rallied TX to
74&. Crucible is to SO, Baldwin Loco
motive 2h to 70%. Studebaker IL to
1913 and Atlantic Gulf 1% to 23H.
while American Woolen yielded 27s to
67L, international Paper 21s TO sex.
Sears-f1oebuclS 2h to 64A, Interna-
tional Harvester 2H to so and Retail
Stores 1& TO SO.
The New York herald., 1921-07-01
TOPICS OF WALL STREET.
Mills TO Reopen.

The mills OF the Union Bag and Paper
Company will be put into partial opera
tion on Monday. provided that present
plans be carried out. They have been
shut down since May IL, and the de-
cision to reopen them followed the agree
ment to arbitrate the wage scale. signed
Wednesday. Plant of the st. Maurice
Paper Company. the company's news
print subsidiary, will so into full opera
tion on Monday. The men go back TO
work on the old scale prevailing just be-
fore the shutdown. The findings of the
arbitrators will oe retroactive so that il
wages be reduced. the company will re-
ceive rebate from its employees.
The New York herald., 1921-07-01
Marlnnd Oil.

The Marland Oil Company's net cur
rent assets are s5,000.000 more than It's
current liabilities, according to Z. w.
Marland, its president. It's inventories
include crude oil valued on the basis of
s1.25. barrel for midcontinent and suf-
ficient reserve is allowed to cover the
additional decline of 25 cents. The COM
pany's daily production is running at
the rate of about $500 barrels and it's
daily refining capacity amounts to 5000
barrels. The company uses its own
crude. deriving It's income from the
sale of finished products rather than
from the sale of its crude to other COM
panies.
The New York herald., 1921-07-01
Not Entirely Satisfied.

Railway officials regard with mixed
feelings the tentative decision OF the
United States Railroad Labor Board
made as result OF the general failure
of railroad managers and their en-
ployees to agree to more vital issues
In the negotiation of new working rules.
Satisfaction with the authorization of
pay at the straight hourly rate for
overtime work instead of time and a
half except to employees who have made
other agreements on overtime and those
who received the time and half rate
prior to Federal control is expressed.
The extension beyond July 1 of the
national agreements on such disputed
points as working qualifications, defini-
tion of duties, seniority and piece work
pending final settlement by tho board.
was said by railway operators to be
very discouraging.
The New York herald., 1921-07-01
Rails Behaving Well,

The rails acted well all during the
selling in the oil and industrial groups
and shared in the final rally under the
leadership of Baltimore and Ohio. The
demonstration was attributed to Wednes-
days conference of railway execu-
tives with President Harding on funding
In whole or In part s700.000000 owed
to the Government for expenditures on
additions and betterments during Fed
eral control
The New York herald., 1921-07-01
Three Seat. Transferred.

Hendrick Hudson has sold his seat on
the New York Stock Exchange to Charles
A. Zubord for $4,000. The seat of
William West has been transferred to
Charles c. Wallbridge. and that of Theo-
dore p. Dixon to John T. Terry, Jr.. the
last two transactions representing part
nership transfers.
The New York herald., 1921-07-01
Passes Common Dividend.

The Eastern Manufacturing Company
has passed the dividend on its common
stock, due to-day. The company has
been paying so cents a quarter on It's
junior issue for considerable time.
The New York herald., 1921-07-01
Preferred Dividend Passed.

The directors of the Duluth Superior
Traction Company have passed the pre-
ferred dividend of / per cent. The com
pany has been paying its preferred divi-
dend since January, 1901. The payment
of the company's common stock divi-
dend was stopped in October, 1918
The New York herald., 1921-07-01
BANKS OPTIMISTIC OUTLOOK.

Fair crop prospects and continued Inn
provement In the credit situation at
home were the outstanding favorable
factors In the general situation in June,
according TO the monthly review OF the
American Exchange National Bank.
The New York herald., 1921-07-01
Corn Products.

The Corn Products Refining Company
is grinding about 10000 bushels of corn
daily. The capacity of the companys
plants is 10000 bushels a day.
The New York herald., 1921-07-01
DIVIDENDS.

STOCK OF Fay
Record. able.
Bayuk Bros. Inc. fst pr,
a.. Observation-Disclosures June 30 July IS
Bayuk Bros, Inc, "a pf.,
a.. ~. f2........s............. June 30 July 10
Delaware, Leckawanna a
Western r. r., O.. $3.50. July II July 20
Driver Harris Co. pf. d.,
si.T5 ...................... June Fl July
General Motors Corp, a., 25c.Juiy I Aug.
General Motors Corp, pf. a.,
$3.50 ..................,...J July II Aug.
General Motors Corp. So
deb. O., $50. .......... July II Aug.
General Motors Corp, 70
deb. a.. sf.75..............J July II Aug
The New York herald., 1921-07-01
EFFORTS from NEW Yonr.

Exports from New York yesterday I:
Lard. 2f5.1o0 pounds: cottonseed oil,
$4,000 pounds; lubricating oil. 2s,75o
gallons
The New York herald., 1921-07-01
PENNsyavANIA or MARKET.

on CIT, June 3o.--Credit balances.
t2.25. Runs. 47.146: average, 57,ssS.
Shipments, tc,ss%; average, <7,57s,
The New York herald., 1921-07-01
UNITED STATES TREASURY STATEMENT.
Special Despatch {

Special Despatch HuAtD
ws.Snsi.a ssE scss B.Tc.a E. e. jsns s%sssS. ..
The New York herald., 1921-07-01

CANADA.
New York funds IN Montreal. sf3s.1S pre-
MUM per 81 900; Montreal funds In New
York, Sf21 80 discount per u 200.
The New York herald., 1921-07-01

8 at close OF business on June rs
lr,r.