davidaulloa/AmericanStories huggingface dataset:
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-12-11
Table Board.

1909 ST y. W.-GIVE Us 4 TRIAL;
why cook when you can have your meals
sent TO your door? Week days. &c; Bun
Gays. 81: homemade pies; trial dinner sun
DAY; white only North I43 iSS
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-12-11
Agents.

AGENTS WANTED TO ADVERTISE OUR
goods and distribute Free Samples IN Con-
sumner: 9Oc per hour. Write for full partiC-
MARS AMERICAN PRODUCTS co. Ar
American Bldg. Cincinnati. Ohio. 49,
SALES AGENTS CAN MAKE $40 TO SIS A
dav selling CrpscO Newleather Utility
Bugs and Waterproof Aprons. IMPROVED
MFG. CO. Dept. 1a5, Ashland. Ohio 351
AGENTS NAME ST2 A WEEK BY SELL
ing average Cresco RaincOats n day.
OUTFIT free: no delivering IMPROVED
MFG. co. Dent. 1906. Ashland. Ohio RI"
WRITE FOR PARTICULARS: BEST ARTI-
Gle ever offered men; costs Sc: sells
Quick for 81; SIS daily; sworn statement
EDWARD NANTHEY. 42I York ST.. Gin
Cinnati. Ohin 3l3
NEW J-PIECE SPECIAL. SAFETY RAZOR
combination 81; agents price 25c; gnaran-
tpcd 20 sell fast You show It: send no
r,Duoy, UNITED SOAP WORKS. - Park
Place. Y i."4
AGENTS MAKE $50 TO so DAILY SELL
ing oUr rev beautiful 81 comb nation for
soc: agents price only 1Gc Easiest quick
est seller pv-r offered UNITED SOAP
WORKS, II PAX Place. y v. 9SJ
The New York herald., 1921-03-29
CO.
PASSES DIVIDEND
Statement Explains Substan-
tial Increase in Sales
Other Changes.

The board OF directors Of Sears.
Roebucll & 60. yesterday passed
the quarterly dividend due on the COM
mon stock Three months ago the reg
ular dividend Of per cent. was paid in
scrip, and prior TO that 81 had been
paid quarterly on the stock. The COM
pany issued this statement:
'The beginning of the year found the
company with a large stock of mer-
chandfse and accumulation OF indebted
ness caused by the general slump in
business and greatly reduced demand
for winter goods. due to the lack of
cold weather Expenses have been cur
tailed and sales arc showing substantial
increases. March sales will be approxt-
mately s19.500. 900, which is is per cent.
more than March. 1919. and only 80 pee
cent less than March 1920. Condi-
tions Of the company have greatly inn
proved since January l, and liabilities
are being materially reduced The COM
Iauy has no commitments direct or
indirect. other tnan those necessary for
the current conduct OF business upon
present volume OF sales and all OF the
compsnys commitments are based on
tho present level Of prices
The Punta Allegre Sugar Company
declared dividend of si.25 share
on the capital stock. which compares
with a previous quarterly ratc Of So
4 share. The dividend Is payable April
Is to stock Of record April 1. Inasmuch
as there has been considerable talk OF
the company eliminating the dividend
entirely. the announcement was fol-
lowed by a sharp rise in tn market
price OF tho shares.
The United States Smelling. Refining
and Mining Company has passed the
quarterly dividend on the common stock.
but has declared the regular dividend Of
STia cents share on the preferred.
Three months ago the company cut the
common dividend from $3.50. OF So
annually. to 30 cents. or 81 annually.
The General Motors Corporation mas
postponed its dividend meeting, schcd-
ulcd for THURSDAY until Tuesday. April
:. at o'clock. No reason WAS assigned
for the change
The Abitibi Paper Company Of Can
ada has declared dividend Of 81 a
share on the capital stock. payable
April 10 to stock Of record April l.
Heretofore the company has paid a
quarterly dividend OF $3.50 a share. The
reason given for the cut was the neces-
slty of conserving resources IN view Of
business uncertainty.
The New York herald., 1921-03-29
NATIONAL LEAD SHARES
EARNED $I4.67 EACH

The report Of the National Lead Com.
pany for 1920 shows net earnings. after
charges and Federal taxes. of St,375.-
500, which Is equivalent, after preferred
dividends, to Sl4.67 a share earned on
the common. In the preceding year earn
ings were at the rate OF sif.l7 share
on the common. Preferred dividends
aggregated Si.705.132 and the common
distribution was Sl.oS9,324. leaving q
final surplus for the year Of S1,79O.453
Edward J. Cornish. president OF the
corporation. IN his report says we are
passing through the most adverse and
trying conditions TO which the company
could be subjected. Rapid and radical
fluctuation i'm the prices both or raw
material and manufactured products are
very disadvantageous Attempts TO vary
prices OF manufactured products with
changing prices Of raw materials result
invariably In loss 10 tho company. The
company. therefore, must continually
struggle to obtain fair average profits"
The corporation had 1886 stockholders
at the end OF the year. Of which women
holders number 3,93e and own i2.t00
shares OF common and f0s,s79 OF pre-
fcrred. The average holdings are fifty
nine shares OF both classes. The dividend
has been maintained at @ per cent, TO
which figure IL was increased last year.
The following table shows compari-
son between the 1920 and 1919 report
The New York herald., 1921-03-29
COMMITTEES FOR NEW
EDGE LAW COMPANY

John McHueh. chairman Of the f'or-
cign Trade Financing Corporation. has
appointed committee OF members Of
the Federal advisory council 10 investi-
gate the situation confronting the new
800 100000 corporation and to decide
whether the campaign TO raise $780,
100000 should be limited to n
smaller amount as well as 70 decide
when the bank shall open It's doors for
business. The names OF the committee.
are as follows Levi L. Rue, president OF
the Philadelphia National Bank: Paul
NJ. Warburg. formerly vice-GOvernor OF
the Federal Reserve Board John ].
Mitchell, chairman Of the Illinois Trust
and Savings Bank, Chicago: Philip
Stockton, president OF the Old Colony
Trust Company, Boston; j.. T. Swinney.
president of the First National Bank.
Kansas City, and r. o. Watts. president
Of the First National Bank. St Louis.
The chairman. discussing the new de-
velopmcnts. said in part In view of
world conditions in trade aud in view
further Of the suggestion that has been
made that credits should not be extend
cd until the machinery Of the League Of
Nations is perfected Il was deemed wis
est by the organisers OF the new Edge
law corporation that committee on pol
10y such rs that named should ~ once
be appointed"
The New York herald., 1921-03-29
EARNINGS GROW sos 900.
Bond aud Mortusgc Guarantee
Company Issuc- Report.

The Bond and Mortgage Guarantee
Company earned si.cS1. 90 ~ 1890. &C.
cordns 20 report made yesterday 70
stockholders by it's directors That is
an increase Of ses.0oo over the previous
year. Dividends were paid at the rate
Of IS per cent. which required $4,000.
and tho balance Of sfo1 .S29 was added 70
the surplus account. which nov stands
At ss.3ei.5si.
The total amount of outstanding guar
sntees was s2,a.ss2. 600. the directors re-
port represented by 37.cii policies A.
an offset TO TIE Withdrawal 81 o.i05
policies insuring si0.5sS GOO from the OUT
standing guarantees. tho company
issued during tho last year too policies
insurlng sse,00s,ooo OH properties The
highest rate guaranteed was ~ per
cent. and the policies were disposed Of
os follows. TO individual investors.
si99iSoc0; 10 trustees. $40. .i0S GO; TO say
mgs banks. $4,000 TO corporations,
tS,sie,oto; to charitable. religious and
educational institutions. 81 i,44.ooo
Lewis spencer Morris has been elected
director OF the corporation, taking
the place made vacant by the death
~ ths iateJulisr n Davies
The New York herald., 1921-03-29
TAFT WILLCONDUCT
SMELLING INQUIRY
Accepts Role Offered Follow
ing Charges Made by
Karl Eilers.

William H. Taft, who was asked by
the management Of the American Smelt-
ing and Refining Company to make an
investigation Of the company's affairs
as a result OF numbet~of charges which
have been made by Karl I5ilers. formerly
vice-president. to the effect that IL has
been misnanage ged. has agreed 10 UNDER
take the investigation under certain con
ditions. Edgar l.. Newhouse. chairman
of the Smelling board. has advised Mr..
Taft that the conditions he submits are
agreeable, and IL is believed the inquiry
will begin at AN early date.
IF 1 understand the proposal Mr..
Taft said in his reply to the Smelling
management, ''it is that the board of
directors elected at the next election
shall invite me to act in the capacity
OF ar impartial investigator or arbitra-
tor, TO consider all the charges made by
Mr.. Eilers as former vice-president of
the company as to the transactions of
the company. / assume that you intend
that Mr.. Eilers shall be given full oppor-
tunity to present such evidence as to the
transactions OF the company as he may
choose and that those whom you repre-
sent will have equal opportunity and
that my conclusion shall be a judicial
one.
with that understanding. and with
the further understanding that / may
have sufficient time, after my present en-
gagements. TO do this work, | shall be
willing to accept the task and render a
decision upon the issues thus made, as 4
Judge"
In acknowledging Mr.. Tafts letter. Mr..
Newhouse wrote that "the present board
OF director pledges it's own cooperation
and that Of the incoming board in the
task we have asked you to assume. May
l add that it is our hope that il will be
agreeable to you to consider questions
raised not only by Mr. Eilers but by
any other stockholder who may in good
faith raise a question as TO the ethical
propriety OF the activities OF the present
mana cement especially With reference
to the relationship thereto OF Messrs
Guggenheim Brothers."
The New York herald., 1921-03-29
rnN>syLyANtA OFT MARKET.

or CRY. March gs.--Credit balances
s3 runs i3i.1S3 average, JS,3i7: ship
n.ents, s4.63l average, 3o,6ll.
The New York herald., 1921-03-29
LIGGETTs INTL. PROFITS.
OF sIs.go a share shown
On Common stock.

Ligeett's international. Inc. has is
sued q consolidated statement for 1920
giving combined earnings OF all sub
sidary companies for twelve months
except Boots Pure Drug Company. for
which only nine months earnings are
included. The statement shows net
profits after charges and reserves for
British. Canadian and American Gov
ernment taxes equivalent TO Sf4.65 q
share on the class 4 and class - conf
mon stock. The income account con-
yorted into United states currency at 81
pound sterling and 30 cents a Cana
dian dollar. shows net sales Of Ss2.-
1853 and costs Of $i3.6ia.5T0. OPP
Grating cXt epscs were SS,IIg,528 and
other income st6i,1ai For depreciation
and doubtful accounts s9S3.0t9 was set
side and s32t.S50 was charged fer cur
rent taxes. leaving net profits sor the
car Of ss.fS2.6s1
The New York herald., 1921-03-29
SALES IN BIG STORES
AT HIGH VOLUME
Federal ReserUe Report
ShoUs Steady Retailing.

Sales BY department stores in cities OF
tie New York Federal Reserve district
during February were about on a par
with those Of the same month last year.
az shown BY reports received by the Re
serve Bank from twenty-six stores, ac-
cording to an item about retail trau.
which will appear this week In the
monthly review of credit and business
conditions by the Federal Reserve Agent
OF New York. The report continues /.
In view of the fact that average prices
III department stores were lower than
those Of last year. the volume OF mer-
chandise distributed was considerably
larger. The number Of transactions
shows an increase Of i2.5 per cent.
"The continued large volume Of sales
IS evidence that in the cities OF the
district,the purchasing power OF the pop
,llation has not - yet been greatly sf-
tons In Utica. Syracuse and Rochester.
where there has been much unemploy
ment. sales have been equal TO those or
last year. ~ further explanation Of
large sales is found in the type of pur-
chases being made. Merchants repon
that sales OF mems and womens APP
parel are running well ahead Of lasr
years sales. Many people were de-
erred from purchasing new clothing last
spring by high prices, and now arc, APP
parently. roplenishing tnsir wardrohes.
House furnishing goods and pianos and
other musical Instruments are not in as
great demand as last Year.
zone New York city merchant states
the belief that larger stores are, securing
increased sales at the expense Of smaller
concerns. The large retailer Is finan-
cially able to stand the losses involved
in repricing goods at replacement values,
while the merchant with less capital
cannot make as drastic reductions. As
a result sales shift TO the large stores"
The New York herald., 1921-03-29
NEW CARDS ON EXCHANGE.
Bona BROKERS Notiaed Of CHANGED
system.

The New York stock Exchange has
notified bond brokers' that beginning
April 4 new system OF colored cards
for day. week and month bond orders
win be inaugurated. In anticipation OF
this change all orders now on the bond
books. including day, week. month and
good till cancelled" orders will be can
ceiled at noon Saturday. Brokers do
string 10 place these orders on the
ooks 10 be In effect AT the opening
on Monday must notify the committee
OF arrangements not later than o'clock
Saturday afternoon.
These orders must be arranged IN
accordance. with the division Of tho
books. a SEPARATE sheet TO be used by
the broker for recording IN each book.
Members arc reminded I'm the secretary's =
notice that orders 10 buy or sell, ex-
cept day orders. will not be recorded IN
the books unless made in writing, with
date attached. and no cancellations OF
orders save day orders will be recog-
nized unless similarly filed.
The New York herald., 1921-03-29
Custom uorsr RECEIPTS.

Receipts for duties ~ the Custom
House yesterday we're sS52,s7o.5i. Of
which s95,s4S.e0 was for merchandise
withdrawn from bonded warehouses, ana
s2b6.72i.e1 for recent frnportations.
The New York herald., 1921-03-29
Talks
To Investors

DURING THE YEAR 1870 we spent .
far more than half million dol
lars in rendering Service to our
clients. This will give an idea Of
the comprchcnsivcncs Of our
organization and the great vol
ume of work IL does for investors.
DURING THE DOZEN YEARS in which
we have been building up this
business, VIC have mulat ted
investment files and records
which could not now he dupIi-
Gated for any amount of money.
VIZ HAVE DEVELOPED an organizs-
ton Of investment experts and
specials Of very high charac-
ter. Nearly hundred expert
workers are actively employed in
this work. and at large expense
VIC have continued from year to
year. To build up the quality OF
the organization ar1 of the serv-
ice wh; IN we re ider.
Dun LIS or CLIENTS is now ap-
VtOAttG.--stN "tStn tHVusAUus
and includes thousand. ofbanks,
trust companies. insura',c COM
panies and o Ter fiduciary insti-
tutions, besides trustees Of cs-
tatss. corporations. college. and
schools, and individual investors
ofcvcry type.
Besides furnishing Investment
ratings, through our rating
books and supplements. on over
$4,000 distinct securities, we
supervised. during 1920. invest
ment lists sgerceating billions
Of dollars impair value Of bonds
and stocks which were submitted
to us by clients.
) Full information regarding the
Service We Render will he fur
nished on request.
hoody's Investors Service
JOHN MooDf PrsJser,
I5 Nrssau Street New York. N. Y
osToN PHILADELPHIA tHiCAc,
The New York herald., 1921-03-29
MEETING ADVANCED

AEro&. Ohio. March IS Another
postponomcnt until April &C the meet
ing Of the stockholders Of thr Goodyear
Tire and Rubber Company for passing
OH its refinancng rlans was announced
to-day at the cumpany's office here
The meeting was scheduled Tor to-mor-
raw
The New York herald., 1921-03-29
RIO GRANDE SALE IS
CONFIRMED BY COURT
Holders May Not Interfere
With Roads Operation.

DENVER, Col, March 2S.--Sale OF the
Denver and Rio Grandc Railroad TO the
Western Pacific Railroad for $4,000, 600
here last November 10 satisfy a judg-
ment OF the Equitable Trust Company
of New York was confirmed to-day in
the Federal Court here by District Judge
Robert ". Lewis.
The decree provides that william A.
Jackson. who was appointed special
master on court order, shall deliver to
the purchasers full deeds, all assets and
assignments on the payment to the spc-
cial master Of the full amount of money
within thirty days. or within such time
as the court may designate.
The decree also directed that ALI
moneys held at present by A. p. Baldwin,
receiver OF the road, except 100000
which the receiver Is authorized to re-
tain for current expenses. shall be turned
over TO It's purchasers.
The confirmation definitely disposes
OF any right OF the stockholders to in
tcrfere with the roads operation.
Sanction of the payment OF the $4,000
900 in per cent. thirty year gold bonds
OF the Western Pacific Railroad Is given
in the confirmatory decree.
san FRANCISCO. March 2s.--Confrna
tion of the sale of the Denver and Rio
Grandc railroad TO the Western Pacific
Railroad by the United states District
Court in Denver to-day will mean the re-
organization OF the Denver and Rio
Grande system within the next thirty
days. Charles VI. Lovey. president OF the
Western Pacific Railroad, said to-day.
I'VE were only waiting for the deci-
sion In order TO put our plans into
operation Mr.. Levey said. II under
stand the new system will be reorgan-
lied and refinanced under the name OF
the Denver. Rio Grandc and Western
Railroad. The road probably win re-
main in the receivers hands for the next
thirty days.
mo extensions or other improvements
arc planned at present. The Denver and
Rio Grandc will be operated under the
direct supervision Of the Western Pa
cific Company"
Daily Kennebec journal., 1921-08-22
Trio Aut0-Tire
Thieves Bagged
At Weymouth, Mass.

Weymouth, Mass. Aug. 21-One
man shot and seriously wounded
and two others were arrested here
today by special officer William B..
Hendrich, who said he had discov-
cred the trio stealing automobile
tires from his garage. Chester
Bowles. the injured man, was re-
moved to a hospital in Quincy where
surgeons reported there was little
chance of his recovery. The men
under arrest are Thomas f. Nc
Auliffe and Fred w. McGaffery. All
three are residents of Rockland.
Hendrich, who said considerable
gasoline had been stolen from him
recently. remained on guard at the
garage during the night. Early this
morning three men in an automobile
stopped in front of the garage en-
tered the back window and took out
four tires. Hendrich fired at them
wher they disregarded his COM
mand to halt. wounding Bowles. His
companions then submitted to ar
rest without resistance.
Daily Kennebec journal., 1921-08-22
KILLS WIDOW FRIEND
AND HER BABE, THEN
TAKES HIS OWN LIFE

Webster, Mass, Aug. 21-Af:er
shooting and instantly killing Mrs.
Katherine kluza, IS years old, and
her three weeks old child, in the
Kluza home here today, George w.
Nichols, 43. turned the weapon up
on himself and committed suicide.
The three bodies were found by the
police a short time later, with a re-
volver lying on the floor beside that
of Nichols.
Nichols is said to have been on in
innate terms with Mrs. Kluza, who
was a widow. His wife had not liv-
ed with him for some time and this,
together with the fact that he was
recently discharged from his posi-
ton and had been unable to find
work, is thought to have deranged
his mind.
Nichols shot the woman as she Sc.
beside window, the police said. He
then went to the bedroom and shot
the child who was asleep, and i'm
mediately afterward killed himself.
Neighbors who heard the shots
telephoned the police. fearing it
was said. to enter the house as
Nichols was known to have acted
queerly for some time. Officials of
the mill. where Nichols was employ
ed until two weeks ago, discharged
him because of his strange conduct,
they said.
Daily Kennebec journal., 1921-08-22
RUSS REL|EFTo
COST MILLION
HALF MONTH
Hoover's Plans AL
ready Well Under
Way For Starving
Shipments Ready ct New York
as Soon as Vessels are Avail
able-Supplies Now Moving
Into Stricken Area from For
eign Warehouses

Washington. Aug. 21-Once more
American supply ships are to bridge
the Atlantic-this time carrying
food munitions for the American re-
lief administrators war against
starvation and sickness among the
children of Soviet Russia.
Food shipments from New York
are to begin as soon as vessels are
ready, officials said tonight, but it
was believed the surplus supplies
from warehouses abroad were al
ready moving into Russia under the
working agreement negotiated at
Riga between Walter Lyman Brown,
European director of the organiza-
ton and Litvinoff. the Soviet repre-
sentative.
AS yet. officials declared, Secre-
tary Hoover has only outlined in a
broad general way the plans for mi
tigating the Russian famine. Before
Continued on Page 4-col. g.
Daily Kennebec journal., 1921-08-22
NEAR THOUSAND
FORCE MARCHING
INTO OM|NC0 COUNTY

Charleston, W. Va, Aug. 21.-Men
from the Cabin Creek and Paint
Greek coal fields who gathered at
Marmet near here yesterday with the
county as demonstration against
martial law in force there, were still
in camp tonight. according to Sheriff
Walker of kanawha county. He said
arrived in the camp today bringing
the total to approxima tely nine hum
dred, most of whom are armed.
The plans of the miners. who were
scheduled to start for Mingo this
morning, could not be learned defin-
itely, although the sheriff said there
was considerable talk among them of
starting before daylight tomorrow.
He could not verify the reports
through self styled leaders. however,
and added that there appeared to be
no recognized leaders among them.
Sheriff Chain of Logan county,
through whose territory the eighty
mile march to Mingo lies. said tonight
that mo armed mob will cross the
Logan county line. He added that he
was little interested in the gathering
of the miners but that he was pre-
pared to meet any emergency.
State authorities continued to keep
in touch with the situation but reiter-
ated they would not interfere until
the sheriff asked for aid. Sheriff
Walker said he had no reason yet to
Interfere
Daily Kennebec journal., 1921-08-22
9S-FOOT YACHT
TO TOUR WORLD

New York, Aug. 21.-Habor craft
gave a noisy farewell to the Speejacks.
ss-foot power yacht owned by A. Y.
Gowen of Cleveland. as i headed sea-
ward today on the first leg of a cruise
around the world. Aboard as guests
Of the owner and his wife were B. F.
Rogers Jr of Chicago and Ira ]. In
graham of New York. The crew of six
was under command of T. T. Hogg,
former captain of the Princeton foot
ball team of 1916.
The cruise is expected to take
year and a half and will include stops
at Panama the South Sea islands,
Australia China, Japan Egypt, Cape
Verde Islands and then home.
The yacht was built especially for
the trip, which is intended to be the
first around-the-world by a motor boat.
1t is fitted with the latest scientific
apparatus.
Daily Kennebec journal., 1921-08-22
CONFEREES REPORT

Washington, Aug. 20-The confer
ence report on the Anti-beer bill,
definitely agreed on today and pre-
sented to the Senate, exempts a
mans home from search without
warrant obtained in due course of
law, but requires no warrant to
search other property, provided an
officer acts without malice and has
reasonable cause to suspect the
presence of liquor.
Along with the presentation of the
report word reached the Senate that
prohibition leaders of the House had
declared there would be no recess of
Congress until the measure had been
finally enacted.
Senate leaders. on the other hand.
announced that it was hopeless to
expect Senate acce ptance in view OF
the rejection by the conferees of the
Stanley amendment. passed unani-
mously, and designed to protect the
home and other property from indis-
criminate search through imposi-
ton of heavy penalties.
Senator Ashurst. Democrat. Ari-
zona, who boiled the conference
early in the week, and Representa-
tive Dyer, Republican, Missouri.
failed to sign the report. 1t was ap-
proved. however, by Senators Ster-
ling and Nelson, Republicans, and
representatives Volstead. Republi-
can, and Summers, Texas. Democrat.
The only point at issue in final de-
Continued on Page 7-Col. 7