davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03

- iHeH nave hear0 that
IRON is the Barometer of trade but
1t is amazing how few appreciate that
this Is not only theory but an actual
and an obvious fact. This is true be-
cause we live in mechanical age. me-
ehanical power has been substituted
tor both horse power and hand labor.
and hence it is machinery that holds
al the secrets Of cheap production. For
thls physical reason steel forms the
OASIS, the super-structure and the very
mechanism of all constructive enter
prise and all productive industry. Steel
making is, therefore, the key industry
OF the nation--the industry which must
lead, and SO long as the steel industry
recovery of business
c. M. Schwab's View
Charles M. Schwab knows as much
apout the cost Of producing steel
as any man alive to-day, and in his
famous and historic letter Of November
ID, 1899, Mr.. Schwab used these exact
words:
Il know positively that England can
not produce pig iron at actual cost for
less than sll.50 per ton, even allowing
no profit on raw materials, and cannot
put pig iron into a rail with their
most efficient works for less than $3.50
per tom. This would make rails at net
cost to them of S19. We can sell at
this price and ship abroad so as to
net US SIS at works for foreign bust
ness. nearly as good as home business
has been. What is true of rails is
equally true of other steel products.
AS a result of this we are going to
control the steel business of the world
You know We can make rails for
less than S12 per ton, leaving a nice
margin on. foreign business. Besides
this, foreign costs are going to- increase
year by year, because they have not
to decrease. The result of all this is
We will be able to sell our surplus
abroad, run our works full all the
time and get the best practice and
costs in this way"
Now to prove how surely right Mr.
Schwab was in both his estimates and
his forecast we need only look at the
balance sheet of the United States
Steel Corporation. That tells the whole
story and tells it all. because the de-
tailed and most admirable annual re-
ports of the Steel Corporation give us
the exact number of their employees
and the total amount of all the wages
and salaries paid to them, thus clearly
indicating the total labor cost of their
entire product, and they also give US
the net earnings of the corporation for
each year since it was organized. The
following figures are, therefore, taken
directly from these annual reports and
they can be quickly verified by refer
ence to those official documents,
namely:
U. S. STEEL CORPORATION
Comparison between pay rolls and
net earnings, calendar years 1902 to
1915, inclusive:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03

sidiary of Z. I. du Pont de Nemours
& Co. The plant at present is
producing 1000 pounds day of $50
denier. one Of the popular sizes of
thread. Both finer and coarser counts
will be made in accordance with the
demands of the trade. All OF the prod
uet will be sold in the form of skeins
and viii 60 direct to manufacturers
When in full operation the plant will
produce about 1,500,00e pounds of arti-
ficial silk year, and employ approx
in.ately 500 operatives.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03
Opening of Branch Bank

According to Consul Bickers, at
Puerto Plata, the Bank of Nova Scotia
has opened branch at Santiago; this
bank already has branch in Santo
Domingo City and took the opportunity
afforded by the closing OF the local
branches OF the American Foreign
Banking Corporation to extend It's ac-
tivities to the nerth of this republic.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03

There is and can be no lack of de-
mand for steel at fair prices. because
tl) Tor full five years past our rail
roads, the greatest consumers of steel.
have been buying from hand to mouth
specifically because of the high prices
made possible by the war; (2l Mr..
hoover conservatively estimates that
we are at least a million houses short,
because labor was so long diverted TO
war industries; 90 our great farming
INDUSTRY IS driving ahead once more
because labor is cheap, plentiful and
emcient; and (4) already the autom o.
bile industry, especially the truck
manufacturers, are making q brave
hght to get back to normal, because
lhey well know that this is the richest
country on the face of the earth. and
people are ready to buy if we can sim
ply get rid of this illogical and intel
cradle Industrial depression.
Judge Gary's Primary
Finally, Judge Gary has managed
the Steel Corporation with such CON
summate skill that it amounts almost
TO craftsmanship. He has taught the
steei manufacturers the stupid folly
OF cutting each others Threats by sell
ing their products at less than fair
prices; he has taught his workman the
needed lesson that it is impossible for
them to select representatives who are
competent to direct the operations of a
great technical industry; and for over
twenty years past he has been the ac
tual leader in period of the most pro
longed and substantial prosperity that
our people ever have known. / have
not the slightest doubt that he will
now take the existing situation actively
IN hand, and before the summer is over
ferVentiy hope that we may see fur
naces recharged, rolling mills restarted
tens Of thousands of steel workers busv
once more-and thus the country viii
be speedily led out Of this needlesslv
severe industrial depression.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03

project to extend the Northern
Railway to the Santa Lucia River and
to build wharf at that point has been
approved. Expenditures, not exceed
7e0)1, have been authorized for this
project.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03
Wearing House Reserve Drops

cine excess reserve of the New York
wa wseSiFIng House banks declined last
1ss RE co. 20 $lo,2ll,760, a decrease Of s16.~
fso,eoo, compared with the week be-
csa GU mas was accompanied by an in
nee s ae IN loans and discounts OF s4,
o@O,VoV to s4,593, sos, 600 Net demand
csa totaled $3,733,152 900, an in
Is Is OF $35,l9s, 400. Time deposits
0s'reased $4,587 900 to $222, 6s8, 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03
BY John r. Dunlap
Editor, indus trial Enoinea,s,,a

Editor Industrial Engineering
Am NOT engaged controversy with Topping
epuDc Iron and Steel Company
ing mere personal opinions by
This prolonged and stubborn war prices which
no longer possible infctng such cruel injury
entire country agcay Exchange and The
tribune exerts such nationwide influence public affairs that
your readers should
points at issue namely The labor cost of producing profit
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03
Steel Prices Must Decline
j. n. Duuslap's Resort to Critic
Engineering Editor Sketches History of Steel Quo
tations After Depressions and Expects Magnates
to Follow Precedent-Hopes for End of Slump

me foong article vas sent In the form Of
a whsch oa designed reply with
oh" a Topping chairman Of the Connpany
90 r topping denied the assertions
eg nigh and holding referred par
ccy to assertions made By John Dunlap editor Of Industrial,
Engfneertmg-Ftnancial Edstor)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03

sIncluding all salaries and wages
latter deducting interest bonds and
fxed charges of subsidiary companies.
obstinate OF Federal income. war profits
and excess profits taxes payable in follow
ing year. After 1913 the bulk of these
taxes has been carried as overhead, or
manufacturing and operating expense.
Finally, as the result of war con
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03
UTy Dock Savings Institution

Tb * $ 81, BoWERY, Cor Sd St, New York.
Ter ~ trustees have declared a dividend
on III 1s s'1 months ending June 36th, 1921,
Byya az deposits entitled thereto under the
ann, 81 ne tate OF FOUR Per Cent. per
Ds s,., payable Oh and after July 18th 1921
i msm be entitled to Interest from july ist'
ANr,, 49,, ANDREW MILLS. President.
{. " MILLS, JR., First Vice Presid ent
$40 sNSS1,3 I. siCh SHERWOOD, Treasurer,
49, AI' WEBSTER. Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03

Begins Manufacture of Silk
Artificial silk is now being manu-
featured at the Buffalo plant of the
Du Point Fibergilk Company. a sub
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03
Totals. 80. sa,la2,oo1'774 ss9,14s,oa4

*Including all salaries and wages
tAfter dedueting interest on bonds and
axed charges OF subsidiary companies.
These official figures prove conclu
sively that throughout period of four
teen years under pre-war conditions
the Steel Corporation was able to main
tain, and actually did enjoy. scale of
prices high enough to yield them net
earnings of no less than 1915 per cent
of the total labor cost of their entire
product, including all official salaries,
and hence our steel manufacturers now
have nothing to fear even if prices go
clear back to prewar levels.
Now let US examine the record of
the truly phenomenal profits which
war prices have yielded, alike to the
Steel Corporation and to the national
government. through the excess profits
tax.
Figures Are Cited
The following figures, corresponding
to the above, are taken from the an
nual reports Of the corporation,
namely:
UNITED STATES STEEL CORPORA
TION
Comparison between pay rolls and
net earnings, calendar years 1915 to
1920, inclusive:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03
Dividends
Initial

Equitable Eastern Raotsir0 f,orror,.i.r
hs.s ihlliel dividend Of per cent a share
sarei pyeA declared out Of the six snonths'
OF reees,, PAYABLE July s 10 stockholders
- Regular Declarations
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-03
Moutevideau Railway Project

Canadian ExchRnge--New York funds in
Montreal, - per cent premium Montreal
funds in New York. IL - per cent discount
Rockingham post-dispatch., 1921-04-28
REMARKABLE FUNERAL
Continued From Front Page.

Continued From Front Page.
like a man, with his face to the
front and following the flag of
his country. Major McCullen
then spoke for Is minutes, and
there was scarcely a dry eye
throughout the congregation; an
eloquent plea for patriotism ran
through his talk, and the Major
spoke feelingly from the heart.
The service concluded at the
church, the line of march was
resumed to Eastside cemetery,
just outside the corporate limits
of Rockingham. Waiting at the
cemetery were many hundreds
of people, probably 1000, and the
hundreds from the church and
on the line of march soon made
the pretty cemetery knoll a
seething mass of humanity.
The soldiers formed a circle
around the grave, and against
them the crowd pressed. The
service concluded, the command
from 1t. Phillips rang out, "At-
tention, parade rest, sound off,
theheels clicked, eyes front, heads
up, and over the silence of the
hills rang out "taps" blown by
Bugler T. S. Linton-and the
last tribute was paid.
Claude Sears was a son of Mr..
and Mrs. J.B. Sears, and was born
in Moore county Aug. IA, 1893.
! Alex Mcqueen, a Pee Dee vii
lage young man, joined the Nat
ional Guard regiment June 26, 49,
16, and shortly afterwards return
ed home and was accompanied
back to camp by a dozen or so
fellows, among them being Ray
mond OBrien and Claude Sears.
They joined his company; Nc
Queen, by the way, served
throughout the war and was in
Is major battles; he proved to be
a brave soldier. After joining
the service, Sears saw active duty
on the Mexican border. Later
his regiment trained at camp
Sewer, and on May II, 1917, it
embarked for France. He partic-
pated in 13 major battles, being
killed in his 18th on Sept. 29th,
1918, in the attack on the linden
burg Line between Bellecourt
and ST. Quentin. 1t was this at
tack by the 30th division, assisted
by the 9th New York, that de.
finitely broke the famous Line,
and insured the final defeat of the
Huns. The attack began before
daylight on the morning of Sept.
29th, and never was there fiercer
than did these gallant boys do on
that morning. Their onrush
proved too much for the German
lines, and the victory rested with
the boys of the 30th-but many
a brave lad paid the price, among
them being 1t. Lawrence Nc
Cullen and this young Corporal
Claude Sears. He was buried as
best as could be done under the
stress of battle; and now his body
has been disinterred and brought
back to his home county and
buried with the greatest respect
and honor that it is possible to
bestow,- and no greater homage
could be paid man than the
turnout of our Richmond county
people last Sunday.
Evening star., 1921-06-01
Old Mr. Toad Gives Up Hope.
BY THORNTON W. BURGESS.


Who keeps his eyes too murh behind
To what's ahfsd IL WHOLLY az siind- "a ~.
Hop. hop, hop, hop. went Old Mr..
Toad Hop, hop. hop. hop, hop. hop,
he went. 1t was clear that Old Mr..
Toad was in a hurry, in a. very great
hurry. AS he hoped he rolled his
beautiful golden eyes back, trying to
see behind him. In them was look
of worry. Just to have seen him
for q moment yeu would have known
that he was anxious
He was. He was very anxious, was
Old Mr.. Toad. Somewhere behind
him. hiding from Mrs. Bear and the
twins, was Buffer the Adder. Old
Mr.. Toad had seen Buffer try in vain
to fool Mother Bear. He had seen
ground just in the nick of time Now
he wanted to get just as far away
from that hole az he could before
Bluffer should decide that 1t was safe
to come out You see, he knew moth
ing under. the sun would please
Buffer more than a Toad for his
dinner. He is one of the Snake fam
lily who is especially fond of Toads.
Wish those Bears had put an end
he hoped along Stupid of them
to let him get away. Never could
see any good In Snakes anyway.
Don't see what they were made for.
Wonder il that fat robber has come
out yet I'm getting short of breath.
Wish was back in Farmer Browns
garden That Is the safest place for
Evening star., 1921-06-01

who and what are you?
What place do you hold in the
None" she answered quietly. lam
You are rich" -
1"On the contrary" she assured him.
II arp nearly pauper."
How do you live. them" he asked
oreathlessly.
1 She shrugged her shoulders.
Why do you ask me these Ques-
tionsr she said. II cannot answer
them. Whatever my life may be,
live It to myself
breath was coming quickly. and she.
too. caught something of the nervous
excitement of his manner.
There are better things" he be-
mot for me-" she interrupted quick
1y. II tell you that / am an outc2sc
OF you, ask only that you go away
-now-before the baroness returns,
and do your best to blot out the mem
ory Of that one night from your life
Remember only that you did a gem
erous action. Remember that. and no
more"
Too late" he answered; "I canpot
do it." :.
You are a man." she ANSWERED., "and
1T is because I am a man. and you
are what you are, that I cannot" he
answered slowly.
There was a moments breathless si-
lence. Only he fancied that her face
had somehow grown softer.
You must not talk like that" She
said. You do not know what you are
Baying-who or what ! am. Listen!
I think ] hear the baroness"
She leaned little forward. and the
madness fired his blood. Half stupi-
fed, she yielded to his embrace. her
lips rested upon his. her frightened
eyes were half closed. His arms held
her like a vise he could feel her heart
throbbing madly against his. How
long they remained like ii he never
knew-who can measure the hours
spent in paradise. She flung him from
her at last, taking him by surprise
with a sudden burst of energy, and
before he could stop her she had left
the room. In her place, the baroness
was standing upon the threshold.
! dressed in "a wonderful blue wrapper,
and with a cigarette between her
teeth. She burst into a little peal OF
laughter as she looked into his dis
traueht face.
For an Englishmah," she remarked,
you are a little rapid in your love
affairs, my dear Mr.. Wrayson. ia II
not SO? So she has left you piante
la"
Twas mad" Wrayson muttered.
The baroness helped herself to
| whisky and soda
"Come again and make your peace,
my friend she said. You viii see
no more of her tonight"
Wrayson accepted the hint ana went
CONTINUED in Tomorrow's Start
Evening star., 1921-06-01

convince me that my silence was
justified. Tell me, at least. that you
had no knowledge of or share in that
mans DEATH"
"I cannot do that" she answered.
He took quick step backward.
his blood. floating before his eyes.
you cannot!" he repeated hoarsely.
"No! / knew that the man was in
danger Of his life" she went on;
calmly. .'On the whole. ! think that
he deserved to die. l do not mind
telling you this, though. 1 would have
saved him IL could"
He drew a great breath of relief.
You had nothing to do with his
actual death. then?"
Nothing whaterer." she declared, l.
cried a sskea why y1y coaId eSs
not have told me beforeT
She shook her head.
you asked me other things" she
answered calmly. "s9 much Of the
have pleaded not guilty to the ma,
around the worthless neck Of the
man whom you knew as Norris
Barnes. I plead guilty to knowing
why he was murdered. even IL ! do
not know the actual person who COM
mitted the deed. and l admit that l
robbery. That is all ] can tell YOU"
He drew little nearer to her.
Enough! Do you know what 1t
is that ou have said? What are you!
Who are you?"
She shrugged her shoulders. Some
bow, from her side, at least, the
tragical note which had tremoled
throughout their interview had pass
ed away. She helped herself to soda
water from a siphon on the side
board.
"You appear. somewhat to my sur
prise" she remarked, ito know that.
/ wonder at poor little Edith giving
me away
"All that 1 know is that you are
living here under a false name" he
declared.
She shook her head.
my mothers" she told him. The
discarded daughter always has right
to that, you know"
Her eyes Knocked him. He felt him.
self helpless This was the oppor-
tunity for which he had longed. and
it had come to him in vain. He recog-
nized the fact that his defeat was
| imminent. She was too strong for
81 am disappointed" he said, little
YEARLY. you will not let me believe
| in you"
I
!, Almost Immediately she bit her lip,
as though she regretted the words.
which had escaped her almost invol-
unfairly But he was ready enough
with his answer.
II cannot tell you that" he said
gravely. II never thought of myself
| as a particularly emotional person. In
fact, I have always rather prided my
, self on my common sense. That night
| 1 think that / went little mad. Your
appearance. you see. was so unusual
She nodded.
| "I must have been rather a shock
| to you" she admitted.
She watched him closely. The fire
! in his eyes was not yet quenched.
"Yest" he said. you were a shock
And the worst of it is-that you re-
| main one!"
"Ah"
You mean to keep ne at arms
| length" he said slowly. Ito tell me as
| little as possible. and get rid of me
| l am not sure that I am willing"
She only raised her eyebrows. She
| said nothing.
you have told me nothing of the
l things l want TO know" he cried pas
Evening star., 1921-06-01
Watching the Parade.
BY JOHN PILGRIM.

Did II ever occur to you that Chaun-
cey NJ. Depew is really a very popu-
lar old man? And did you ever won
der why? Because he has been a
senator. and that is~a mark against
him. And he has been an unt.ring
after-Ginner speaker. and heaven
knows that prejudices him. And he
has been active in politics and rail-
reading and lot Of other things. And
he has given advice freely, and II
there is one man In the world who
usually is not liked he Is the man
with good advice. Yet men who never
saw him speak well of him. The bet
ter he Is known the better he Is liked.
Why!
"Bscause I have taken pains only
to remember the good things" said
Depew the other day. Il always for
get the unpleasant words and hap
penings. 1 charge my memory only
with the pleasant things that l want
! to remember"
Do you see the cunning of that
the old fox2 Not having a lot OF sour.
bitter. miserable things fostering in
happy inside. 1t Is always sunshine
with him. His smile 10 real. because
under 1t there is no corroding memory
that back in 1879 Pat Rooney said
that Chaunccy Depew was O stem
winding old wind machine. Pat never
said it, but IL he did Depew would not
have remembered 1t. But II Pat had
said that Depew had a heart as wide
as the Hudson river and az warm as
fold OF wheat In July then Chaun-
cey NJ. would have gathered that in
and cherished II.
Sorrows have fallen away from him.
for he has refused to remember sor-
rows. although he has never forgot
ten joys. He has not been envious,
because he has not remembered envy.
but he has been kindly and gener-
Gus because these things have not
been forgotten. He has smiled. inst cad
of whimpering, and at eighty-seyen
years old he Is full Of courage and
optimism and energy and Is very cer-
tain he will finish out his century.
Probably he will, too. for his sunshine
bath Internally has kept him young.
Evening star., 1921-06-01

skirmishes near the church. The brick
archway outside the church for the bell
Is very odd and seems strange now
adays. Some Of the stones In the grave
yard arc % cd you cannot read them
any mose>
I know every boy and girl in the
Nnicr Tearel Club will like to know
that a uasa named Mason L Weems
preached there -oncc In awhile. He was
the .n-s: one. the historians say. to
write in a book abont Washington the
story Of ina cherry tree and the hatchet-
I guess he cid not guess how that story
was, going to be told and told over again
to all OF US kids years and years after
he was gone. The church was built IN
1872 and that makes it 200 years old
next year. 1t was. the second building
built in. the parish. and 1t Is OF brick
brought frnm England. SsAs
Coming back. from PohicA-sn't that
. funny n4meSi saw some other famous
places about which am going to write
to the Junior Travef Club members. 1
want to get moro letters like the one
from Nebraska, and want everybody
who writes to me to tell me what they
would like to see.
RUSSELL BURKE,
The TFave3oE Boy.