davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22
Board of Trade Selects
Officers for New Year

Thomas Bradley vice president of the Washington Loan
and Trust Company reelected president of the Wash
ngton Board of Trade yesterday special meeting Of the
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22
ID. d K. @. Stockholders
Begin Big Damage Suit

suit has been begun against the Denver
Rio Grande Railroad Company minority stockholders
who charged that the corporation had been looted Of that
amount.
The plaintiffs in the action, which will be tried in New
York county, N Y, are George Tracy Rogers Joseph
Slocum, James L. Beers Abel Corey Hansen execurx
of the will Of Sperry Hansen Fred w Koehler and Julia
Buh executors of the will of Frank H. Buh James
Nelson and Benjamin H. Old, suing behalf of them
selves and all other stockholders similarly situated;
The defendants George Gould, Edward T. Jeffery
Arthur Coppelli, Edwin Gould Kingdom Could Edgar
Marston, Benjamin F. Bush, Edward L. Brown Edward D.
Adams Finley Shepard, Harrison Williams Benjamin B.
McAlpn George G. Haven Henry u Nudge, James Horace
Harding Harry Bronner, Charles Huitt John H. MeCem
ent Alexander R. Baldwin Alvin W. Krech and the Denver
and Rio Grande Railroad Company.
The plaintiffs $3.50 shares of the preferred stock
of the Denver and Rio Grande Railroad Company. The
D. r. G. system comprises about $500 miles Of line In
Colorado, Utah and Mexico.
The defendants have been directors Of the D.
G. except Mr. Krech who is president of the Equitable
Trust Company and president of the Western Pacific Rail-
Corporation and Mr. Baldwin who vice presd Of
the Western Pacific Railroad Company
The stock Of the D. r. G. amounts to $38 900 900
mon and approximately $50,000O00 of preferred The
properties of the D. G. said to be worth upward of
above bonded and other Indebtedness and in
addition all the stock Of the Utah Fuel Company,
alleged to be worth over $100,0000O0.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22

RailreaA Earnings.
Brokers who have been bulling the
rails look for exceptionally good
October returns.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22
INVESTORS SERVICE

n toa have a investlnsat pesAAsm,
The fineo VA % glaA - an yse.
Write ss fuzzy, i4sisslne STAMPED, e..
dresseA envelope Ter reply. and address
the Financial Editsr.
Invests In Coed Securities.
II. H. d. should like to have
your opinion Of the following
securities, which hold: $500
American Telephone D Telegraph
collsea.l trust Sc Of 11Ae. at 81;
81 900 6sn Antonio D Ar1xDnSas
Pass first mortgage peS cent
bond, n 50: five shares American
Telephone . Telegraph, st los, and
five shares Standard Oh Of New
jersey preferred ut lee.
These securities have at certain
times been favorably mentioned by
you and on this account I bought
them.
Do you think l am holding too
many telephone bonds for . small
investor?
Answer.-Ysu have made some
good investments.
You have q ten-point profit on
your telephone bonds and fourteen
points on your San Antenio bond.
Your stocks have also increased in
value. You are not holding too many
telephone bonaa. They are high
grade.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22
New York Cotton Market.

NEW YORK. Nov. Good ca
bles from Liverpool had important
bearing on the local cotton market.
which opened IL to is points higher
today. There also was good purchas-
ing for Liverpool account and sup
port from Southwestern spot houses,
while Japanese interests bought near
deliveries and sold late options.
The South and Wall Street sold.
10 points decline from the highest
initial levels.
Opening cotton prices follow: De.
cember, $3.50; January, $17.45:
March, s17.40; May. $l7.05; July,
$16.6S: October, $3.50.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22
vAuussREsHHHSumm BUSINESS AND FINANCE
Lehigh e Wtlkesbarre
TO Pau $35 DiUideysd

Lehish q Wilkes. Barre Coal
Company directors have declar-
ed . dividend Of SIS . share.
payable November -.
No further dividend II to be
paid during the current calendar
year. After the meeting the
following statment was issued:
As the president reported
that on November II the Central
Railroad Company Of New Jer.
ssy has agreed to sell 1sS.7yS
shares of this company's stock,
owned by the Central Railroad.
II was recommended that dtvi.
dend ACTON be taken"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22

WE BUY, 3EII AND QUOTE
Listed ssA upitstsd stscks. pesds
And Securities Of every dSSesiptioa
that are Marketable. II ysu weAt 20
nirHiE1 HCO ICES d e 4. ".
1kAEM1EN - ~. MssAis9tle, u. q.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22
Chicago Grain Market.

CHICAGO, Nov. 22.-Wheat today
opened u higher; corn, h6k up,
and oats, n higher. Provisions were
irregular with lard lower and short
ribs higher. Opening:
Wheat - December, 1904 91.o9Ia;
May, 1.1lk 01.11h.
Corn-December, 49A; May, san a
SAN.
Oats-December, 33s; May. $50
3Sh.
Lard-January, $50; March, 855;
May, S.759S.S0.
Ribs-January, 1925: May, 1865.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22

Bought Oh Stock on B1ardWalk.
A. B.-whils spending my vaca.
ton in Atlantic City ! was induced
to buy 100 shares Of Elk Basin
United OIL.
This was two years ago. At
that time the compny was selling
stock from an exhibition room
on the Boardwalk. have never
received a dividend nor . single
word from the company, but q
week ago heard that the prop
critics were taken over in 1915 by
the Elk Basin Petroleum Company.
IL this true?
AnsUer.-we have no knowledge
n II. and doubt II very much. In
fact the stock 10 worthless. We be-
ieve.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22
Mr.. Troth Made Bank Cashier.

J. Ezra Troth, receiving teller Of
the Bank Of Commerce and Savings
for some years past has been elected
cashier OF the new Chevy Chase Saw
ings Bank at Connecticut avenue and
Mckinley street.
The bank has a capitalization Of $780,
900 with $4,000 surplus, and accord
ing to the expectations Of the leaders
in charge of the organization will be.
gin business on December l.
The newly elected cashier, accord
ing to his associates. is regarded as
one Of the best posted men In the jun
for banking fraternity of the city.
He has had about fifteen years OF
practical banking experience. starting
with the Merchants & Mechanics
Bank as runner. Later he was as
sistant manager of the Seventh street
branch Of the bank. after which he
became receiving teller of the Bank
Of Commerce & Savings.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22

WASHINGTON STOCK ExcHANGR.

Business on the washington stock
Exchange began picking up today,
after several weekend quiet sessions,
with stocks and bonds about evenly
matched In thu trading.
Interest wat manifested Ia wash.
ington Gas Shares. with four deals
during the session and fifty.two
shares changing hands ct from l7A TO
Hk.
In tho trading in securities Of the
Potomac Electric Power Company, Z
1000 G. M. and Ref. brought i02A .
while bit later another $1,000 bond,
- well a. one OF the $500 dsnomina.
ton. sold At the same, figure. Two
$1,000 Cons. Sc OF the company sold
at IS.
At the opening Of the session q $500
Washington Railway sold at slX.
after which five shares Of the com.
pany's preferred brought IS.
Mergenthaler continued TO show
strength, with SIX shares In two deals
selling at 1884. Ten shares of Capf.
tai Traction sold at s1k.
eALiO6.
Washington Railway and Electric
Is, &5000Gh.
,, W..ai1rt ton. Railway and Electric
preferred. b0S6.
Washington oas Light. 3ooI7x.
26047k.
After CALI
Potomac Electric GIN and Ref. 70,
w. l.. S1,o000l03k.
Mergsnthaler Linotype. S013SX,
1013ak.
Potomac Electric GIN ana Ref. -,
w. l.. 1,00o0oi0Sk. 4So0WloSk.
Capital Traction, 1ooSlX.
Potomac Electric Cons. Sc, u ,oo0o
So, t1,00o0sS.
Washington Gas Light. soHA,
Money-Call loans 8 and { pr
cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22
. Liberty Bond Prices.

securities both bonds and stocks, re.
ceived a total of s24.315,122 during
the year. OF which S6,399,S5s was pro-
vided by investment and miscellane-
Gus incomes, so that only S18,915,25%
in net amount went to security hold
ers. as compared with the S231. 9<4, AS
earned by the road in public service,
or little more than S per cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22
Mellon Makes Call.

Secretary Mellon today called for
10 per cent of the balance due on de-
posits in the reserve banks in con-
nection with the November sale of
certificates. The returns must be
made to the Richmond Federal Fee
serve Bank by November rs.
The call today makes the total
amount called for 20 per cent. 10 per
cent having been requested last week.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22

directors OF the OrganlZatl0n,
as were all the other Officers,
with the exception of Secre-
tary j. Harry Cunningham,
who declared that after five
years service he believed he
was entitled to relief.
Arthur Carr was selected
for the post, while the list of
those reelected includes E. c.
Graham, first vice president;
E. F. Colladay, second vice
president; Walter H. HOPPER,
treasurer; l.. Conner, assistant
secretary; William M. Shuster,
associate treasurer, and Fred
J. White, sergeant-at-arms.
A communication of inter-
est from the Aerial Transport
Company of New York re-
quested the approval of the
organization of it's plan for
aerial transportation of mail
and froi0bt hof1uoop cort q in
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22
II. 4 O Record Volume.

The annual report Of the Baltimore
and Ohio for 1920 shows a net rail-
way operating deficit of $4.427 ,0l9.
compared with a net railway income
of S4,229, 004 for the preceding year.
The decrease last year, compared with
the previous year. was $S,65s, 024.
Gross revenues increased 81 per cent,
a new high record, but operating ex-
penses increased 33 per cent over 1913.
All holders of Baltimore and Ohio
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22


large cities of the Atlantic coast line, and after short
discussion referred to a committee.
The board also requested ndore the plan for the
proposed District Athletic Association in communication
sent by William F. GUIDE, member of the District Rent
Commission and former president of the Chamber Of
Commerce.
This request also referred to committee.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-11-22
Vienna Exchange Closed.

VIENNA, Nov. 1S.-Yh~ stock sx-
change was CLOSED here today - . r.
suit OF the Governments aStion In
taxing stock brokers 100 sold kronsn
monthly.
Evening star., 1921-06-26
Country Bound to Be Disappointed
In the Extent of Tax Reductions

tail they are at times grotesque to the point OF
absolute incredulity II not ridicule One hears
tales of shipbuilding and armament which 10
the we'll informed man are recognized as De-
yond the physical power OF fuih'iment' tnousn
no doubt .ccepted without a grain of salt by
many.
These reports. however, do not alarm the
public. Talk with the average citizen. and II
will be found that he cannot bring himself to
beleye the possibility of Japan and the United
States coming into conflict. That is to say.
the average man whose habitat is east of the
Pacific coast strip of states and their near
negnbors.
This increduity of trouble with Japan has
increased by the published expressions of the
sentiments of Canadians, New Zealanders and
Australians Of their avowed intention not to
sympathize with a possible coalition of Great
Britain and Japan against the United States. as
we'll as the vigorous utterances. public and
semi-offlcaly in England. Of the existence of
similar feeling there. 1t is believed to be be-
yond doubt that the taxpayers and voters OF
England and her dependencies would refuse to
carry into effect a possible agreement between
the government of Great Britain and Japan
which would involve hostile action against the
United States.
However Secretary Weeks position against
too great weakening of the military strength
in Congress- The majority vote on military
and naval appropriations may show division
of judgment among men to just where the
line exists between adequate and weak pre-
paredness but there is no question the senti-
ment is existent for the principle of prepared
ness.
ConeresSmen do not have in mind any par
ticular nation or set of circumstances likely to
arise against which to prepare. Their appre-
tensions are based upon the general upset con-
ditions of the world. They visualize world
upside down. things askew everywhere on the
planet and often hears the expression.
Anything might happen in situation such
as exists in the world nowadays.
X X X
What is to come out of the disarmament
propa ganda? is frequently asked among con-
Eressmen. They know from personal talks with
President Harding that he is favorable to world
wide lessening of armament and they have
heard the British premier. Lloyd George, hint
at overtures initiating it.
But is anything practical being done in that
direction? they inquire. And their best endeav-
ors do not disclose a tangible fact which could
be construed answer in the affirmative.
Was Secretary Weeks. therefore. speaking by
the card when he made his warning speech?
Evening star., 1921-06-26

desire of the public for more radical cut in
public expenses than the administrative branch
thinks necessary. and this fact might seem to
refute the suggestion that the two branches
are in accord. But the point Is this: Both
branches actuated by the same general prin-
ciple. and 1t is only difference in judgment as
to the extent to which the principle Shall be
applied. So there is no material difference In
fact. The sums involved but few hundred
millions.
X x + X
Congress is faced by one fact which must not
be overlooked. The budget system may not
prove unmixed blessing to Congress. although
that body recognized its general merit and put
it into effect. But it is a certainty that the
budget system will turn out be at
example, mighty incentive to economy and a
warning to Congress. 1t will deterrent
to lavish appropriations by Congress on and for
its account.
The first time the budget of governmental
appropriations is reported to Congress it will
show great saving in proposed expenditures.
"See what the departments have done in cutting
down expenses is the sentiment it will breathe.
Go thou and do likewise expenditures out
side the departments"
That may not sound so cheerful to the
gressmen but the question arises. how they can
violate the injunction? 1t will admonish them
the strictest economy in general appropria-
tions and will focus the attention of the country
their action.
Considerable curiosity excited in Wash
ington by the veiled allusion Of Secretary Of
War Weeks. in speech last week. to the ex-
istence of a world situation which should deter
the United States from vitality weakening its
military strength at this time Secretary Weeks
hinted that the government is in possession of
information which is of nature-<o cause it to
STOP look and listen before permitting its pow
der-horn to become too empty.
Whats in the wind?" everyb body asking,
and from which quarter does it listeth?"
The word of the Secretary-of War is not to
be doubted. but certainly the public has no in
formation to warrant the apprehension which
he voiced The man in the street hears nothing
but expressions of international amity from
England and France the only powers materially
capable of presenting situation of menace to
peace with this country.
X x
The differences between the United States
and Japan officially reported by the Depart
ment of State to be in process of adjustment
between the Japanese ambassador and Secretary
of State Hughes. And yet the pubic hears
constantly reiterated reports that Japan not
sackening military preparations. No doubt the
mass of these reports grossly exaggerated.
and certainly they grow in repetition. In de-
Evening star., 1921-06-26

training. They are being instructed
in every feature of agriculture, dairy
ing. poultry raising. etc. Every board
student at Lansing is making good.
Personal Service to Men.
To discover and bring under the
care Of the government the world war
veteran, SCARED. disabled and voca-
tionally handicapped, who is slowly
succumbing to the exigencies of the
times by a losing fight with penury
added to i'll health, Is as much the job
of the federal board as is it's better
known job of rehabilitating those
who have come under its jurisdiction
through regular channels. Getting in
touch with the men who deserve rec
oEnition and federal aid and getting
their cooperation is a big problem in
itself Fear of impending cessation
of other compensation, ignorance as
to the aid the federal board offers
and the bogey of being forced to go
to school are reasons why the ex-
service men at first avoided connec-
tions with the federal board. They
were slow to take up training be-
cause, in the words Of one of them
I'VE were afraid there was a string
tied to it some place and as we were
just getting accustomed to our civilian
clothes. we didn't want to take on
any more uniforms for awhile" And in
the words of another: Most of us
were afraid of the word education
We hadn't been to school for seven
or eight years and the realisation of
how little we really knew robbed us
of confidence in our ability"
It would have been simple for the
board to gain the confidence of the
men If the government could have af-
forded a comprehensive educational
campaign, aiming to reach the ear of
each ex-service man, explaining the
aid it offered and the informal pro-
cedure with the man himself. How
ever, there was no appropriation for
this phase of the work and every cent
was needed for the practical running
of the machine. AS a matter Of fact
the discharged soldier. sailor or ma
Evening star., 1921-06-26
BY N. o. MESSENGER.

~ RESIDENT HARDING, down in his heart
- realizes that the country is in for SEN
sation of partial disappointment over the
impossibility of realization Of the f1l
measure of hope entertained for immediate
sweeping reduction in taxation. But is he down.
cast thereat? He Is not; he believes that the
country will be reasonable. after the first pang
of disappointment, and will look the situation
and the facts in the face.
But more than that he Is not resting idly.
waiting for something to develop but is moving
with steady and sure strides along a path Of ac-
tion which leads to betterment of conditions in
the future. He has a definite. plan laid out for
material reductions in the cost of conducting
the government which should save many hum
dred million dollars annually to the taxpayers
of the country. The commission to reorganze
the governmental departments and the opera
tion of the budget system are the agencies de-
pended upon to accomplish the economies. which
will be reflected in reduced expenditures and
taxes hereafter.
* \
Under the aforetime system of appropra-
tions it was the custom for the departments to
ask for all they thought they could get from
Congress in the way of appropriations. Con-
gress duly shocked over the exorbitance Of the
demands. would scale the appropriations down.
having in mind that Congress also needed ap-
propriations-public buildings, river and harbor
improvements, judicial Offices and so on-and
would frame, up the best compromise possible
in the circumstances. This was the system in
vogue before the world war.
Then. when the war broke. the departments
came into their And what heritage it
was. Under the stress of patriotism. Congress
could only say yea to every departmental de-
mand, and sing low in considering it's own de-
sires. AS every knows the departments
riot. not willfully nor vicionsly of malice
prepense. but to win the war. 1t charac-
teristic of the American spirit that money did
not count against the attainment of the main
object, victory at arms.
X X
The piper played strident tune, to which
the country danced. and now the country is in
the throes of payment The question might be
asked if the American spirit is still predomi-
nant in the complaining at paying the price
which comes up from the public. The answer
would promptly be that the country is not
sentful of meeting the obligations of the war.
but is only insistent that the habit Of extrava-
gance. contracted in time. shall be broken
off.
Congress and the administration at
in this demand 1t cannot be denied. that the
representative, legislative body. responsive di-
rectly to the people. has manifested the will and
Evening star., 1921-06-26

<UPPOSING you woke up some
= gloomy morning to the realiza-
ton that you were physically
handicapped from returning to
Evening star., 1921-06-26

4
gloomy morning to the realiza-
ton that you were physically
handicapped from returning to
your Job You would then be face
to face with the proposition Of learn
ing a new vocation or getting per-
nit to sell shoestrings on the street
corner. That is the position in which
tens of thousands Of disabled veterans
found themselves. Are they going to
sell shoestrings2 Not as long as the
federal board exists.
The Federal Board for Vocational
Training now has over $4,000 such
men retraining for a new vocation.
Blind men are learning to see and
read with their fingers. deaf men
earning lip reading. dumb men are
acquiring the silent language.
Miners who were gassed and no
longer able to work in the mines
have been rehabilitated in a variety
of vocations. Farmers whose dis
abilities prevented them from return
ing to manual labor have been taught
scientific farm management. fitting
them for a better position than they
held prior to their disability.
Without this rehabilitation they
might have been charges on the COM
munity. non-productive or dependent
on government pension. With this
retraining they are self-supportine,
productive factors in our economic
life. Independent and not pensioners.
No man wants to be a pensioner, and
, the red-blooded Americans are coming
back into their own as independent
citizens and can demand equal pay
for equal work.
Money Well Spent.
This practical education in shops
and factories may seem an expensive
one when we consider that all the
time the man Is in training it is
necessary to pay him maintenance
and support allowance. But a mo-
ment's reflection will dispell this
thought. Take the case of the civil
war pensioners. Some Of them have
!! been drawing a pension ever since
the first pension law was passed.
They were entitled to it because they
were unable to work. If those men
had been retrained they would have
been producers and Independent of
the pension.
The present enlightened policy of
retraining. the disabled men of the
recent war as producers is saving the
government millions of dollars in
/ future pensions, and it is preserving
that independence which is typical of
America. 1t has set an example for
the industrially disabled. and many
states have adopted an industrial re-
habilitation policy along the lines
, laid down by the federal board in the
rehabilitation of disabled soldiers.
Eligibility for RetraininE.
Those persons who have been sepa-
! rated from the military or naval
forces Of the United States under
honorable conditions since April z.
1917, and have a disability that was
| incurred, increased or aggravated. or
| traceable to such services are eligi-
i BILE for vocational rehabilitation.
The word persons" includes those
! who were drafted. commissioned Of