davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
RADIO CORPORATION
BUYS INTERNATIONAL co.
Valuable Patents Figure in
Deal, Says Report.

The Radio Corporation OF America
has purchased the assets OF the Inter-
national Radio Telegraph Company. De-
tails Of the transaction were announced
yesterday by the Westinghouse Electric
and Manufacturing Company in a state
ment reading in part as follows:
The Radio Corporation of America
has acquired from the International Ra-
do Telegraph Company a group of pat
ents relating to wireless telegraphv
which the Radio Corporation found it
necessary to make use of to enable IL
10 give the public proper and efficient
service.
The International Company had not
embarked upon commercial work to any
great extent and was confronted with
important patents owned by the Radio
Corporation, so that neither company
was able to give to the public satisfac-
tory service without infringing upon the
patents of the other. Under che cir
cumstances IL was found essential that
The right to use the several groups Of
patents should be acquired by one COR
poration."
INC purchase was made, 1t Is under
stood. with 100000 shares OF So par
value preferred and 1000 900 shares of
no par value common stock OF the Radio
Corporation.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
New High Reserve Ratio.

The consolidated statement of the
twelve reserve banks disclosed another
new high record on the present upward
movement Of reserve ratios, although
this weeks gain was slight. and due
to continued inflow of gold. Total
reserves of the yellow metal gained
s22.0o00O0 and there was s7C0OO0O con-
traction in circulation. Otherwise
changes for the week were unimportant.
Total gold reserves in the New York
district gained $33.000.000, carrying the
ratio of reserve to deposit and note
liabilities combined from TAG per cent.
to 75.5 per cent. and the ratio of gold
reserves to notes in circulation, after
setting aside 80 per cent. against de-
post lila bilities. from 1li.7 per cent. TO
1888 per cent. Repayments of loans
to other reserve banks were accom-
plished to the extent of $4,000 coo and
circulation contracted more than
$4,000 900.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
Southern Railway.

The Southern Railway Company's pre-
ferred stock bounded to AZ yesterday
when a news ticker agency flashed
false report that its directors had de-
clared per cent. dividend on that
issue. The Southern's board did not
meet yesterday. 1t has deferred action
on the regular 2ia per cent. semi-annual
dividend on the companys preferred
stock since its May meeting. The orig
inal announcement of yesterdays meet
ing should have carried only news of the
declaration Of the . per cent. dividend on
the Southern Railway-Mobile and Ohio
stock trust certificates, which is a fixed
charge and is paid regularly without
action by the directors. When that
declaration became known Southern pre-
ferred dropped sack to 46, where 1t
closed with point net loss for the day.
The next regular meeting Of the South
ern board is scheduled for September s.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
Moline PIOvv Default.

The Moline Pillow Company defaulted
Yesterday on an interest payment on Its
"a. 900. 900 in notes outstanding and on
the principal payment of 100000 Of
those notes which matured at the same
time. The company's reorganization
plan is practically completed and prob
ably will be made public before the end
of the week. That plan. 1t is UNDER
stood. includes extension OF the notes
and taking care of $16.000,000 due to
merchandise and other creditors.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
Idle Freight Cars Decrease.

The surplus of freight cars on Amer
lean railroads totalled 491,399 cars on
August 23, decrease of S,195 compared
with the total in the preceding week.
according to reports of the American
Railway Associations car service divi-
sion. OF the total of the week ended
on August 90 270,024 were serviceable
cars and the remaining 221,375 were in
need OF repairs. AS compared with
those of August /, the cars in bad order
showed an increase of 6,119 OF August
23. and the surplus serviceab bic cars
decreased 14,314. OF the whole number
of freight cars on American lines $50. 440
cars. or 1876 per cent, were reported in
state of disrepair on August %. in
contrast to 376,440. or 1913 per cent,
on August /.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
PHONE COMPANIES TO UNITE.

WASHINGTON. Sept. 1.-The Ohio Bell
Telephone Company and the Ohio state
Telephone Company fled n joint petition
to-day with the Interstate Commerce
Commission asking authority TO con
solidatc The new company would be
known as the Ohio Bell Telephone Com
pany The application was the first to
be filled since the transportation act
was amended to permit telephone COM
panes to consolidate.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
Mexican Petroleum.

Urgent covering of Mexican Petroleum
was induced yesterday afternoon by per-
sistent reports that the Mexican situa-
ton was nearer solution than II had
been for long period. Those reports.
from reliable sources, were to the effect
that the recognition of Mexico by the
United States Government was nearer
than ever before and that In all likeli-
hood satisfactory settlement between
the oil men now in Mexico and that
Government would remove about the last
obstacle to such recognition. AS n re-
suit of the covering Mexican Petroleum
was run up five points to los in very
short time and closed with a net gain
of more than four points on the day.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02

No explanation for the strength OF the
tobacco shares was offered yesterday. al
though it was reported in tho finaI,eh
district that the buyinc ~as iD 81 70
interests identified with tho tooscro
group. The biggest feature of INC group
was Tobacco Products. which advances
more than two points to a high OF 6SH
United Retail Stores advanced frac-
tionally and American Tobacco made a
two point advance to 123. Liggett Il
Myers scored n three-quarter point rise
to 15ia1. but declined to 1o1. where 1t
closed with net gain Of four points.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
DIVIDENDS.

Stock Of
Record PAYABLE
Am. Car & rdy Co., a., So. Sept Is Oct. 1
Am. Car Fdy. Co. pr, O..
Sf.Ij .....................S Sept. II Oct 4
Am. steel Fdries, O., i5c.. Sept. IL Sept. 80
Am. steel Edries., pr, 81 - Sept 10 Sept. so
Arkansas Valley Rwv. l. e.
Armour G. Co. pr, a..
S1.1J Sept IL Oct
u. Co. pr. o., Sl.1o. Aug. ~ Sept. II
Cambria steel Co. s.-a, ". Sept ~ Oct
Mercantile Trust Co.. O.. 81. Sept. IL Oct.
Southern Ry.--Mobile O.
trust cifs., 2eo............. :. !.
Tonopah Ext. Mining Co.. a.,
sc. ACKNOWLEDGEMENTS. Sept. 10 Oct. I
United 1t. & Ry., a.. SLIGO. Sept ~ Oct Is
Wis. MINI. IT. Fr. Co.
pr, O., st.IJ. Aug. 90 Sept. 1
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02

Studebaker was yesterday again a
strong feature in the market, and In
reliable quarters 1t was declared that
buying of it continued principally as
a result OF a steady increase In the COM
pany's operations and earnings. 1t Is
expected that the three months ended
on September 30 will show q better re-
turn for the company than did the pre-
ceding quarter. the last month of which
was the best in the corporations history.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
OIL Production or Again.

The daily average crude oil produc-
ton in this country was last week 1.303.-
070 barrels, in contrast to 1,315.440 bar
rels In the preceding week, drop OF
1880 barrels. according TO the Ameri-
can Petroleum Institutes estimate. The
biggest decline by fields was in the
Louisiana-El Dorado district. which pro-
duced only 1876, 800 barrels. against 1885,
720 barrels In the preceding week.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
CAsENAVE TO VISIT IN FRANCE.

Maurice Casenave. director general OF
The French Commission In the United
states, will sail tomorrow on the steam
snip La Lorraine. Mr.. Casenave is re-
turning to France to take part in certain
preliminary studies made necessary by
me approaching armament conference
IN Washington NJ. de Rinouuesen.
French financial agent here. will remain
IN New York to administer The affairs
OF the French Commission.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
EXPORTS FROM NEW YORK

Exports from New York yesterday /:
Wheat. Sl2,2ol bushels; barley, 10S.1
bushels: beans, $500 bushels -four.
5S,S45 sacks; oil cake. $4,000 pounds :
pacons, 707.50o pounds: hams. $4,000
pounds lard. $4,000 pounds; lubr,cating
oils. 10000 gallons.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02

READING. Pa. Sept. ito stimulate
business the Reading Iron Company,
one OF the largest independents. to-day
announced reduction in the selling
price OF al kinds o. pipe. ranging from
$40 to sis ton. 10 take effect at once,
THIS 10 the fourth reduction made this
car.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
Call Money Firm.

Call money loaned all day in the New
York Stock Exchange and over the
counter at So per cent, the banking
pool supplying $60o0.O00 or more to avert
a higher rate. There was no business
in time money.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
LONDON WOOL MARKET.

LONDON, Sept. AT to-day's wool
auction sales 9.649 bales were offered.
Although small selection, the wool met
with n ready sale Fine medium and
greasy crossbreds were active. There also
wan a steady demand for Puntas and
F'alklands at recent rates
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
OPEN MARKET RATES.

Prime eligible acceptanccs on CALL G; re-
discount at rese-,e banks. 90 10 30 days.
aiaNJ: non-membcr ana private hsnkcrs,
30 10 90 DAYS 5a.T5is.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02

Official bar silver in New York, domestic,
a9i4c. an ounce, unchanged: foreign, 62isc.,
mp nc. London, 3IAd., Off bd., Mexican
dollars, iSc., ~ nc.
The range OF silver prices this year:
London. a2isd. Jan. !, 30%d. March )
New York. .. GSssc. Jan. J2Ssc March 0
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02

Commercial paper, 'i5 days. 5is: 90 10 30
days, 5la: Liberty bonds and Victory notes.
Is days, 81; 10 TO 90 days, 5M. bankers
acceptances. 16 TO 90 days. 5is.
sFixed July 81. Previous rate. O. fixed
June II.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02

Mixed collateral, GO to 30 days. .... sYas
Mixed collateral, TO months. ~. d6
Industrials. 90 10 30 days. ......... 58tG6
Industrials, to months. ...... ~, UB
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
CLEARING HOUSE STATEMENT.
SILVER MARKET.

Clearing EIousc exchanges. 5000. 100 o0I,
balances 81 .2oo.o 600; Federal Reserve credit
balance, SI0, 001. 600.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
FAR EAST.
SOUTH AMERICA.
CANADA.

New York funds in Montreal, sos. - pre-
MUM per 81 900: Montreal funds IN New
York. $3.50 discount per 81 900.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
SUGAR.

The range of prices in yesterdays
sugar futures market follows:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
U. S. CERTIFICATES AND NOTES.

Closing prices bid in yesterdays open
market for United States certificates of
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
PENNSYLVANIA OIL MARKET.

on CRY. Pa. Sept. Credit BAL
ances. s2.25. Shipments. S0.Oo1 barrels :
average, 47,935.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02

close So
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
UNITED STATES TREASURY STATEMENT


W York; Buea
II. q. Sept.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
CONfNfERCIAL PArER
DISCOUNT RATES. RESERVE BANK.

Best names, 4 to 6 months. .......G Gao
other names, to q months. ......... Gao
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02
NEW YORK STOCK EXCHANGE QUOTATIONS
TEMBER1
THURSDAY. SEPTEMBER /, 1921
1919.
2O2,S27,4O5


lInrh-II CnsI
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02

Open High Low Clos Ne
| ing. est. est. ing. lCh'nge
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02

: --isoi 81 ~Ciosing.-, lpiv.l
He'll Low. | Bid ASH. linS.l Sales.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-02


a price outsi Of the regular lot
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1921-07-29
Endorsed by the Trades and Labor
Council of Hamilton, Ohio.
Endorsed by the Middletown Trades
and Labor Council of Middletown. o
SPEED HER UP

A year and a half ago the people
voted S650,000 for the rebuilding of
the electric light plant after being
told unless this was done the city
would be in darkness in a very short
time. Through the kindness of Henry
Ford in selling the city current, we
have managed to get by. Some time
ago the city council issued $4,000
worth of bonds to employ an expert
engineer to advise US just what is
best to do-whether to patch up the
old plant or build new one. 1t is
announced that the Ohio industrial
commission has accepted these bonds.
With this announcement comes the
information that the authorities are
now awaiting the coming of W. B..
Mayo, engineer of Detroit, who will
make recommendations regarding the
situation, and after that the advising
engineer will be employed.
This may be alright, but how soon
is Mr.. Mayo coming and how soon is
there really going to be something
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1921-07-29
PRESSMEN'S
Strike Assessment Reduced
One-Haf

When the 44-hour week agreed
upon two years ago between the en-
ployers and members of the Printing
Pressmen and Assistants Union went
into effect on May 1st, many of the
employers reneged on their contract
and many of the workers struck. To
care for the striking workmen 10 per
cent of their wages was assessed
against those remaining at work to
care for the strikers. Word has just
come that because of hundreds of en-
ployers throughout the country ac-
ceding to the demand for the 44-hour
week, the assessment of 10 per cent
will be reduced to per cent upon the
wage scales prevailing in each subor-
dinate union for each position thereof.
The report gives 4,657 members still
out to whom $46,570 is being paid
each week in strike benefits. This
shows that the printing pressmen and
assistants are slowly but surely win
ming out.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1921-07-29

the principle of labor organization.
Conspiracy laws have been annulled,
and the men who no longer dare favor
these laws organize company unions"
for employees. In every instance the
employer holds the veto power over
decisions by these unions" 1t makes
no difference to these employers
whether they deal with their workers
as individuals, or through petty
bosses. Whether through agents, or
directly, in its last analysis the en-
ployer is as much an autocrat as if no
company "union" exists.
The company union" bears no re-
semblance to trade unionism, either
in form, spirit, or purpose. The form
of the company union" is imposed on
employees and does not grow out of
their experience. The purpose of this
union" is to retain boss control of
wage earners while lulling them into
the belief that they have voice in
their working conditions. The spirit
of the company union" is paternal-
the opposite to that which pervades
trades unions.
Workers may be temporarily forced
into these company unions" but
they will abandon them as truly as
water seeks its level. They cannot be
substitute for trade unions because
they are uneconomic and dishonest
Social justice and improved working
conditions is the trade union center OF
gravity, while company unions" are
formed by those who ignore every
ideal and instinct in men who would
better their lot in life.
Organized labor can shorten the
velvet glove" period of opposition to
trade unionism by agitation, education
and organization.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1921-07-29

VELVET GLOVE CONCEALS IRON
ANTI-LABOR FIST

Every advance of labor Is marked
by three, stages-open antagonism
alleged friendship with hostile design,
and final acceptance. These stages
are clearly marked as labor developes
power and ability to shape substan-
tial public opinion for the cause it
pleads at that especial time.
When cornered the second stage is
greed's favorite device. 1t may be
termed the "velvet glove" period, and
now confronts organized labor in the
form of company unions" which
their hackers call Industrial demo-
cracy" and employees representa-
ton"
Wage earners have forced practic-
ally all opponents to outwardly accept
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1921-07-29
COMPANY "UNION"
FAILS

Vancouver, Wash.-In their report
to the convention of the State FEEDER
alton of Labor, officials make this
comment on the company union"
knows as the loyal legion of loggers
and lumbermen.
"The Timber Workers. Union of the
state has launched campaign to
complete the work of organization in
that industry. The Four L organiza-
ton proved the mirage all experience
ed trade unionists had predicted for
it as soon as it would be put to the
test. 1t has utterly failed to pro-
vide any protection to it's members
against the ruthless slashing of
wages by the employers. It's former
members seem to be now fully dis
illusioned and are flocking to the In
ternational Timber Workers Union.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1921-07-29
WHO IS SUFFERING MOST?

The following editorial is reprinted
from the official magazine of the In
ternational Brotherhood of Teamsters,
Chauffeurs, Stablemen and Helpers
at is useless to deny the fact that
capital is suffering pretty nearly as
bad as labor. have no brief to speak
for capital, but deny it as we will,
when capital or big business is suffer-
ing, we are suffering also; but big
business is to blame for it's present
unhealthy and unsettled condition.
Labor is not to blame, because we are
forced into idleness. We are willing
to work, but cannot find any. During
the eight years of unprecedented
prosperity for big business the earn
ings, especially during the war, were
so large that the enormous profits
made were undoubtedly criminal. Big
business, in most instances, in order
to evade paying its legitimate tax to
the government, in excess profit taxes
and income taxes, squandered in
every manner possible their surplus
earnings. They used up their profits
in unnecessary improvements and in
unnecessary additional machinery,
buildings, ETC., and they attempted to
hide away (and did successfully
their enormous profits. The result
was that the crash in industry came
before they expected it, hitting us
much harder than anyone believed
it would. Big business found itself
with no great financial reserve, with
a lot of buildings and machinery on
hands, and after few months of gen.
eral depression, were short of work.
ing capital. 1t rushed to the banks
and the banks assisted it for short
time, but then began to tighten up,
so that it's willful endeavor to steal
from the government by evading the
payment of it's legitimate taxes. by
turning its enormous profits into un-
necessary improvements, is response
Die today for the paralyzed condition |
confronting big business, so the hue |
md cry is to reduce wages; reduce
'unning expenses; cut down the over
read, and as soon as they do this
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1921-07-29
WE ARE GLAD

The Press is much pleased to note
that President Harding has been en-
joying his vacations and that he is
planning another for two weeks in
the White mountains. The president
hasn't anything, however, on the
workers of the country, that is, about
five million of them who have been
let out of their jobs since the coun-
try started back to "normalcy" on
March 4th last. They are enjoying
CD vacations too-that is, if wonder
ing where the next meal is coming
from for the wife and babies brings
10Y!
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1921-07-29

they take away from the other busi-
ness men the additional money the
workers would have to spend for
things for their families and homes.
If you give the worker $25 week
he lives on it and spends it, but if
you give him only $40 week he has
to live on that amount also. 1t is not
safe cure for this cancer of indus
trial depression with which we are
confronted, which has been artifcially
manufactured by the politicians in
Washington and brought about by the
crooked large business interests of our
country to reduce wages-that is not
the remedy. A remedy must be found
elsewhere"
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1921-07-29

CAN'T CONTROL CHURCH

Efforts of big business to secure
control of the church and use it in it's
drive against the workers have ut
terly failed.
The federal council of the Churches
of Christ in America, embracing
thirty-two evangelical denominations; !;
the National Catholic Welfare Coun-
Gil, the Methodist Episcopal Church
and the Protestant Episcopal Church
have severely condemned the open
shop movement as un-American and
n-Christian.
Pittsburgh employers boycotted
the Y. w. C. A. when it approved a
progressive social and economic pro-
gram and served notice on all relig-
ious bodies that they must maintain
a neutral zone" in industrial matters.
The Pittsburgh Ministerial Union re-
buked this attempted coercion in the
following language:
1--WE deny to any political, CONNER
cial, industrial or any other group or
agency the right to set up any re-
strictions on the freedom Of the
Christian church or it's agencies to ap-
ply the spirit and standards of the
Kingdom of God to the whole of life
and we declare it our solemn duty
and purpose to defend this liberty OF
the Gospel"
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1921-07-29
EMPLOYERS HAVE
NERVE

Duluth, Minn.-Employing printers
have shown an exceptional quantity
of nerve in their plea for an injunc-
tion against printers, pressmen and
bookbinders who are demanding that
44-hour agreement be lived up to-.
The bosses say that the strikers are
inducing strikebreakers to violate
their contract One of the employers
was the representative of the Duluth
printing employers at conference of
employers and representative of
printing trade unions, held in New
York city, when the 44-hour week was
agreed to.
The local employers now ignore
this pledge and talk about the need
for Giving up to contracts"
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1921-07-29
MORE MORTGAGED
FARMS

Observation-Disclosures farms in
this country more than doubled be-
tween the years 1910 and 1920, reports
the United States census bureau.
The increase in mortgage charges
against farms owned by operators
was 1925 per cent or from $1,720,
172,S51 in 1910 to $4,O12,711,213, in
1920.
The mortgages amounted in 1920
to 89.1 per cent of the value of the
farms, against debts of 27.3 per cent
of the values in 1910.
The average amount of mortgage
debt per farm for the United States
in 1920 was $3,361 against $1,715 in
1910.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1921-07-29
THE NONPAREIL PRINTING co.
PUBLISHERS AND PROPRIETORS
Subscription Price S1.00 per Year
Payable in Advance.

Whatever is intended for insertion must
be authenticated by the name and address OF
the writer. not necessarily for publication. but
as a Nuarantee of good faith.
Subscribers changing their address will
please notify this office, giving old and new
address to insure regular delivery of paper.
We do not hold ourselves responsible for any
views or opinions Expressed In the articles
or communications of correspondents
Communications solicited from secretaries
Of all societies and organizations. and should
be addressed to The Butler County Press. s2s
Market Street, Hamilton, Ohio.
The publishers reserve the right 70 re1eci
any advertisements at any time.
Advertising rates made known on sppli-
cation.