davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-04-29
Rediscount Rates.

The action of the Bank Of England in
reducing its rediscount rate from per
cent to 6Ia increased yesterday the
pressure exercised on the directors OF
the local Reserve Bank to reduce the re-
discount rate here similarly. The prob
ability is that there viii be no reduction
here much before June !. If then. such
action being dependent largely on the
movement In the market for commercial
money. The redlscount rate in New York
has become effective as a result OF the
establishment of a Z per cent rate for
commercial paper and the reserve state
ment disclosed the extent of the liqui-
dalton of borrowings on rediscounts. A
banker expressed yesterday the opinion
that as soon as the rediscounts secured
by commercial paper should go down to
500. 900. 900 or possibly 50.000,000. a
rate of per cent. for commercial paper
" ould be seen and a Reserve Bank re-
duction be a natural consequence.
The New York herald., 1921-04-29
Commercial Money Market.

The minimum rate at which CONNER
cial paper changed hands yesterday was
6% per cent. against 61a per cent. on
Wednesday. and the maximum was ~
to 7% per cept. The important fact.
however was that more business was
done yesterday at per cent. than was
transacted at that rate on Wednesday.
The market seems to have reached a
level OF per cent for the occasional
borrower who is considered a prime
name. There were offers OF eight months
paper at 6h. but so far as could be
learned none OF them was accepted. The
trend OF the market for commercial
paper is distinctly lower and a general
rate of per cent. by June I would
cause no surprise. The reserve bank
statements disclose a condition Of coun-
try wide liquidation and anticipation of
maturity, due to slowing up Of business.
The New York herald., 1921-04-29
Three Theatre stocks Up.

Three theatre stocks-Orpheum Cir
cult, Loew's and Famous Players-made
substantial gains during yesterday
session. with Orpheum Circuit in the
lead. Orpheum advanced to 80, net
gain of 1% points, while Famous Play
ers went up to a high OF SIX and
Loew's touched 1919. Mortimer II.
Singer, vice-president of the Orpheum
Ciru-it, said yesterday that the four
theatres being built In the West by the
company would be ready for the fall
season, giving the corporation a total OF
fifty theatres. The earnings of the COM
pany had shown a satisfactory Increase,
he said, and the coming season he ex-
pectcd would be the best In its history.
Mr. Singer added that an increase In Its
common dividend might be expected as
a result of the Increased earnings from
the new theatres. Martin Beck, presi-
dent of the company. is abroad booking
foreign talent for the company for the
first time since the war began.
The New York herald., 1921-04-29
Allied Chemical Higher.

Allied Chemical and Dye shares moved
up yesterday on publication OF the re-
port from Washington that the Senate
Finance Committee had approved the
tariff bill amendment offered by Senator
Knox for the exclusion for six months
OF dyes and certain chemicals entering
into dye manufacture. Wall street has
been awaiting some official action on
that amendment on the theory that its
adoption would be OF great benefit to
Allied Chemical because of the COM
pany's difficulty In competing with Ger
man manufacturers cheaply made dyes
and chemicals.
The New York herald., 1921-04-29
New I. G. Commissioners PLEASE.

Satisfaction is expressed In railway
circles here over President Harding 8
appointment Of Il. I. Lewis and j. b.
Campbell 10 membership in the Inter
state Commerce Commission. Rail Of
ficiaIs particularly approve the naming
OF Mr.. Lewis, formerly member of the
news STAFF OF the Indianapolis Nctcs and
one time chairman OF the Indiana Public
Utilities Commission. Mr.. Campbell Is
a lawyer of Spokane. wash, who rep
resented agricultural and industrial In
terests Of the Mountain Pacific district
when higher railroad rates were In the
making last summer. Confirmation OF
thoee nominses b. the Senate VII -.
the last two remaining vacancies ~ the
Interstate Comnserce Commission.
The New York herald., 1921-04-29
Call Money Higher.

Call money in the New York Stock
Exchange. after renewing at 61 per
cent. advanced to before the closing
and there was practically no business in
call funds over the counter. The slightly
firmer tone was due in part to to-day's
withdrawal of s9.200,000 of United
States deposits from member banks and
in part to preparation for May interest
and dividend disbursements.
The New York herald., 1921-04-29
Defers stock Dividend.

The Pressed Steel Car Company has
deferred action for the present on the
payment of it's 20 per cent. stock divi-
dend, recently ratified by It's stock
holders, and on the proposal which
would permit it's preferred stockholders
to exchange their shares for It's COM
mon stock. The regular quarterly SO
dividend on its common stock has been
declared. payable on June to stock of
record on May is. and also the regular
quarterly dividend Of s1.75 on It's pre-
ferred stock, payable on June ! to stock
of record on May II.
The New York herald., 1921-04-29
TENN. COPPER CUTS DEFICIT.
Gross Sales Gain Heavily, but Not
So Much ms Expenses.

The Tennessee Copper and Chemical
Corporation reports deficit OF s2s5.sse
in 1920. compared with deficit of $685.
37s In the preceding year. Gross sales
amounted TO $5.7s3.99S. an increase OF
h,S93,375, but this advantage via i'm
paired by an expansion of s1.610,o02 In
operating expenses.
The balance sheet, issued yesterday,
showed current assets amounting TO
s4.436,5S1. current liabilities s77s,212.
cash and Liberty bonds more than
s1.924, 900 and other investments ss.257.-
535. The last named item was s1,429.-
S35 at the end of 1919
The New York herald., 1921-04-29
Wells Fargo Dividend.

Wells Fargo & Co. has declared a
dividend of $3.50 a share on its capital
stock. payable on June 20 70 stock of
record on May 90. 1t is the first divi-
dend declared by the company since
July 90, 1918. when $3.50 share was
distributed
The New York herald., 1921-04-29
Collins Quit. General Motors.

The General Motors Corporation has
accepted the resignation of r. II. Collins
as president and general manager of the
Cadillac Motor Company. 1t was ten
dered on January IA, but official an
nouncement of it's acceptance was made
yesterday. II. H. Rice. formerly treas
urer and now vice-president of General
Motors. has been named to succeed Mr..
Collins. who will join the Durand organ
ization.
The New York herald., 1921-04-29
Prairie OH and Gas Statement.

The Prairie Oil and Gas Companys
financial statement as of December 81.
1920. shows total assets and liabilities
of $15S,076,9S1. which compares with
s130,203.997 at the end of 1919. Profit
and loss surplus at the end of the year
stood at s93.567.112. against S79.912.531
at the close of 1919.
The New York herald., 1921-04-29
Seat on 'Change Sold.

The New York Stock Exchange seat
OF John r Ogden. deceased, has been
sold to Irving b. Kingsford for S91, 900.
Walter M. Caribach has been elected
a member of the Exchange.
The New York herald., 1921-04-29
DIVIDENDS.

Stock OF Pay
Record. able.
Beth Steel Cor. A. a. 81. .25 June II July /
Beth Steel Cor p. a, 81 20. June 15 July 1
Consol. Gas Co. q. Si.75. May II June 10
G. a y. II. Il. spec. guar.
q, OuV. :. s.....s....s ....4.. .......
g. & +. r. r. reg. guar.
1.eh,gbS ~ q ~ 90 (, 40 All, an uav ~
Mass. Gas Co. pf =. a., 81 May 10 June
y. 4 w. ny, q, si.75. May 81 June 1s
Pitts. steel Go. .pf. a, s1.T5.May IL June I
Pressed 81 Car pf. a. s1.TD.May IL June
Stand. Milling Co. a. 81. May 2t May 81
stand. u. co. pf. 9, si.5o May, q May 81
Stewart Mfg. pf. a. s2....Aprll IS May 1
The New York herald., 1921-04-29
TREASURY CERTIFICATES.
SUBSCRIPTION RIGHTS.

acceptable in payment OF taxes due on
date of maturity.
The New York herald., 1921-04-29

THESE fine days make you want that au-
tomobile most. Read the Automobile Ex-
change Ads In classified section. Many
bargains there. All mkkes.-Adv.
The New York herald., 1921-04-29
THURSDAY. APRIL 2S. 1921.
-l921 - rClosing.0 DIV.
High. Low, Bid. Ask. Inns. Sales. |

1921
'ear to date Observation-Disclosures. 54 $50 595
The New York herald., 1921-04-29

Ing. est. est. ing. lch'nge.
The New York herald., 1921-04-29
NEW YORK STOCK EXCHANGE QUOTATIONS.
A

1921. 1920. 1919;
96,207,0S4 74.S22 ,ozi
The New York herald., 1921-04-29
DAVIS sales

-W-l .----oI CClosing.- Div.
itign.i Low. Bid. ASK. in s. Sales
The New York herald., 1921-04-29
soUTu AMERICA

New York fulds IN Montreal. Sl2l IS pre-
mum per Al 600 Montreal funds in New
York, sos ca discount per 81 900.
The Fayette falcon. (Somerville, Tenn.) 190?-current, 1921-03-11
Subsribe For The Falcon
Million Packets Of
Flower Seeds Free

We believe in flowers around the
homes Of the South. Flowers brighter
up the home surroundings and give
pleasure and satisfaction to those who
have them.
We have filled more than a million
packets Of seeds, Of beautiful yet
easily grown flowers to be given to
our customers this spring for the
identifying Of their homes.
Wouldn't you like to have five
packets Of beautiful flowers freef
YOU CAN GET THEM! Hastings
1921 catalog is 116-page handsomely
Illustrated seed book with twenty
beautiful pages showing the finest va
rieties in their true natural colors
It is full Of helpful garden, flower and
farm information that is needed IN
every home, and, too, the catalog tells
you how to get these flower seeds alb.
solutely free.
Write for our 1921 catalog now. II
Is the finest, most valuable and bean.
THU seed book ever published, and
you will be mighty glad you've got n
There is no obligation to buy any.
thing. Just ask for the catalog.
u. 9. HASTINGS CO.. sEEDsMEN
ATLANTA, GA.
The Fayette falcon. (Somerville, Tenn.) 190?-current, 1921-03-11


The home Of Mr.. and Mrs. Jobr
Steele of this city was visited by death
lsst week ard their infant daughter
claimed. The bereayed parents have
the sympathy Of many friends in this
Community.
| The first picture show Of the reason
will be giy,n at Lipsky orera house on
next Tuesday, March Is, when the
Management will present Katherine
McDoasld in Beauty Market" which
is Represented as being cne OF the most
beautiful and in ere ting of screen pic
lures. The prices will be 20 and IS
eenta.
Another meeting of the sweet potato
growers of this section will b. held at
the court house tomorrow afternoon,
Saturday. and every citizen interest d
in the movement and its welfare is in
vited to be present, whether prospec-
tive planter or not.
Miss Marjorie Humphreys leaves her
home in this city the first Of the week
for Nashville where she goes upon APP
pointment by Senator W. w. Bond who
represents Fayette and Haywood
counties in the state senate, and will,
serve the senate as an assistant engross-
ing clerk for the remainder of the SEES
zion.
Born in North Carolina February, II
1853. moved to Fay cite county 1869
when II years old. and has lived here
since that date, a memb of R hobeth
church in the fifteenth district the past
Is years, died March 4, 1921. buried at
Rehobeth March 5. with funeral SER
vices by Rev. j. w. McNutt Of this
city. Such is the brief history handed
The Falcon of the life of Scott Mcqueen,
age So years. He leaves his widow,
two sons and three daughters.
A Falcon representative had the
pleasure few days ago of going thru
the plant of the Somerville Battling
Works in this city. j. W. Russell,
of the concern, has just
completed the work of remodeling and
renovating the entire plant in prepra-
ton for his approaching busy season
and the whole plant is spic and span
with its new equipment and inerior
coat of paint and new arrangement.
Mr.. Russell contemplates busy season
to begin with the approach of spring
and is ready for it.
The j. F. Wright Produce Company
IS the mama of new business house
opened this week on the west side of
the public square for business. They
are located in the Scruggs building
low owned by H. s. Shaw and oc
'upied last year by ]. B. Burnett &
3rother. The new firm has put in a
inc of staple and fancy groceries
md feed stuffs. and they propose to
make a specially of buying country pro-
luce of every kind for which market /
afforded. They are quoting some pro
uce prices in another column. Mr..
Wright and his family have rented
ooms with, Capt and Mrs 7. W. Brink
" where they are keeping house
The Fayette falcon. (Somerville, Tenn.) 190?-current, 1921-03-11

The pretty days of last week an,
the first Of this week gave opportun
ity for much gardening and field worl
thruout the section. Farmers were ire
ported busy getting in oats, cutting
stall S, repairing fences, etc. and it i.
table that much lespedeza is being
sowed in every section of the county
Demand for seed has been heavy and
the supply scarce causing the price to
advance around so per cent sine the
season for sowing began. The heavy
rain Of Tuesday night put a temp rary
stop to these activities. however.
D. D. Reeves of Stanton was q
visitor in this city Wednesday. Mr..
Reeves was for number of years a
prosp rous me chant of the north end
of this county with stores at Zoo Zoo
and Yum Yum. selling out last year to
enter business at Stanton. He re-
ports that section planting increased
acreage in garden peas and beans this
year. Also tells us that a car, some
times two cars, ofpultry are shipped
from there each week.
On last Friday evening our city was
treated to high class home talent
play under the auspices of the high
school and was thoroughly enjoyed by
all present. The play wasa act
comedy entitled Home Came Ted" and
carried a cast of twelve characters.
The necessary talent was furnished by
the High school and young people of
the town and it is to be said to their
credit that few plays have been render
ed in Somerville that so perfectly
pleased all the au fence. The proceed
of the play was donated to the Parent
Teacher Ass citation.
The Washington times., 1921-10-30
Bv ADMIRAL FISKE---

(Presdent of United States Naval Institute NOU Writing
Series of Articles on for The Washington Ties)
The Washington times., 1921-10-30
Comet just Rebound
NAV Fall Into Sum

ENCKE'S COMET, for which as
tronomers have been searching
for some months, has been found,
one of the staff of the Royal OBJ
servatory at the Cape Of Good Hope
having discovered 1t quite close to
It's predicted place. This comet
though now only faint telescope
object, has a remarkable history. 1t
was first seen by Pons, n very sue
cessful discoverer of new comets, at
Marseilles in 1918. at which time 1t
was for a short period visible to the
naked eye. Subsequently the Ger
man astronomer Encke calculated
It's orbit, and, estimating its period
of revolution round the sun as three
and one.third years, predicted Its
return in 1922, a prediction which
was duly verified.
Since then It has been observed at
every return, but on each occasion
II has passed perihelion (the point
of nearest approach to the SUM a
few hours In advance of the pre-.
dicted time. The phenomenon has
not yet been satisfactorily accounted
for. but the most generally accepted
explanation ascribes 1t to a progres.
sive shortening Of its orbit as the
result Of the retarding influence OF
a resisting medium In space. IL
This Ia so, It must ultimately end its
career by falling into the sun.
II appears to have arrived at
ncrihelion OF this occasion about
three hours in advance Of the lime
calculated for It's Yyrinelicn passage.
shortening OF Its orbit still con.
tinues.
The Washington times., 1921-10-30
EXPLOSIVE RIVET TOOL
MAY CHANGE INDUSTRY
Powder Used i'm Driver Invented by Robert Tenn
ple Propels Pins Through Steel Plates lnStan-
taneousIy and Principle Used May Cause the
Supplanting of Present RiVeting Machines as
Old Fashioned and Obsolete.

in a small charge Of black powder,
the explosion of which performs the
operation. There is neither noise
nor flash, but what Is Of consider
ably greater importance there is an
entire absence of recoil.
Mr.. Temple was in Colorado dur
ing the early stages OF the war. but
when he came to England he In
vented a trench howitzer which com.
bined the same principles.
So wonderful is the principal Of
high velocity that Mr.. Temple can
drive pin h.inch thick into n
steel plate at an angle Of ten de-
srees. THE pin cannot glance off,"
he says. because It has not time to
do So"
BY using larger quantity OF
powder thicker pins can be used
and thicker plates can be pene.
trated. A diver can repair rent In
a ship's side in few minutes, and
the operation II 80 complete that the
pins cannot be Withdrawn. Ono man
can drive IN hundreds Uf p,Us IN nm
hou.
lie absolutely refuses 10 uae his
Invention In the direction OF I'm.
proving weapons Of WAL.
The Washington times., 1921-10-30
LONDON, Oct. -.
FTER many years. study, a

A FTER many years study,
~ Bromley inventor, Robert
Temple. has perfected the APP
plication of explosive powder as
motive force In industry.
One OF the new tools which he has
produced is the Temple driver, a
tool similar in size to a pneumatic
hammer, but which contains its own
energy. It will come as revelation
TO the engineering industry and may
supplant the present riveting ma
chine.
Mr.. Temple will be remembered
as the inventor of the Temple rock
drill which was acquired by the In
gcrsoll Rand Company. Many years
ago he conceived the idea Of apply.
ing high velocities to work requir.
ing considerable power. The enor-
nous power contained in a small
quantity Of explosive had to be &C.
curatcly measured, and this he has
succeeded in doing.
The new. tool. which can he upel.
atcd by one man, Is capable of driv.
ing pins through steel plates instsn.
taneously. The power 10 contained
The Washington times., 1921-10-30
Universal Service.
LONDON, Oct. 90


r ONDON has a woman police
force numbering 100 rank and
file and thirteen officers. They
have no real powers or authority,
and they cost nearly s150,o00 year.
The work OF the patrols-who are
TO be distinguished from those doing
administrative and more general
work at police stations-is mainly
concerned with women of a certain
type In the more notorious quarters
OF London, and consist very largely
OF endeavors at crime prevention.
The women police, In effect, act
rs liaison officers between the gen.
eral police and the outside organiza-
tbns that run rescue homes and
other reclaiming agencies. This
work has for years been efficiently
carried on by voluntary and unof.
ficial bodies, and although the wo.
men police claim that their preven-
tive work Is increasing IN scope and
The Washington times., 1921-10-30

effectiveness. the fact remains that
the work which has been done
voluntarily for years now costs the
rate payers $4,000 a year because
It is done officially by tho women
police.
The patrols have no power OF ar.
rest. II a complaint is made they
caution and watch the supposed Of
fender and refer the complaint to a
male constable, who. II necessary,
makes the arrest. A woman patrol
and policeman, therefore, now do
the work which the policeman alone
has hitherto done.
The Washington times., 1921-10-30

over and developed the vast area
that extended between the Atlantic
and the Pacific oceans. Tech
nically. we were at peace. because
we We're not at war with any for
eign nation. But actually We were
at war with all the native Indian
tribes, because we were continually
forcing them out of the regions OF
their country that we wanted by
cheating. killing and otherwise mai
treating them.
In 1861 the northern and the south
ern sections of the country found
themselves engaged in a civil war.
Despite the long warning given, the
North was so wholly unprepared
that the Southern operations were
successful at first; but the armament
Of the Monitor, proving better than
that of the Merrimac, gave the
North the means to blockade the
South, and prevent her from getting
supplies from Europe that she need
ed, to maintain her armament In
efficient condition. As a result, the
North triumphed, prevented the
breaking OF the Union, and made
possible that forward march In civil
zatiOn of which we are so proud.
After Civil War we proceeded
finely along the paths of pace and
waxed exceedingly big and rich. but
in 1898 we found ourselves unex-
pectedly at war with Spain.
Causes for war had existed for
some years. Suddenly, on Febru-
ary is, 1898, the U. S. S. Maine blew
up in Havana harbor and a cry Of
rage resounded through the country
and a demand for war with Spain.
War began and ended in 1898.
The United States, because it pos
sessed the superior armament, pre-
vailed 1t compelled Spain to cede
the Philippines, Guam and Porto
Rico to us, and to grant mdepend-
ence to Cuba.
BY the war with Spain the United
States leaped from the position Of
a rich but important nation to
position second to that Of no other
except Great Britain. Why? Be-
cause every great nation Immediate
ly perceived that she had an enOr-
nous value as an ally; that the
United States could be Of enormous
assistance to her Tor to her enemies)
il she got into war.
IN SPANISH WAR.
When the U. S. S. Petrol went 10
Hong Kong and other places on the
China coast, shortly after the battle
of Manila, we found a change IN
manner toward us on the part Of
British officers and others, which,
while it was highly agreeable, was
so ingenious and undisguised as to
be almost ludicrous.
The Spanish War greatly stimula-
eed the American nation, as success
full wars have always stimulated
other nations. They realized that
the successful issue of the war had
benefited them in both material
matters and prestige: and they also
realized that they owed its success
full issue wholly to their armament.
For this reason, they took great in
terest for several years in the navy
and army.
But imperceptibly sentiment
arose and spread. especially in the
United States, Great Britain and
France. Yet Germany was at that
time announcing her intention to get
"a place in the sum-" and was open
ly increasing her navy, and In sight
of all men.
In 1897 the German navy had held
almost no rank whatever among the
navies of the powers; but as early as
1904 1t astonished the British King
by the excellence of construction Of