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The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-03-17

A special city election to determine
whether the city of Richmond prefers
a city manager form Of government
to the present mayor and council form
is virtually assured by unofficial re-
turns from ward chairmen of the city
who have in charge the circulating of
petitions. -
The first official tabulation Of sig
natures will not be made until Friday
morning, at which time each worker
will report the number of signers Sc
cured to his ward chairman who in
turn will report to a committee having
the tabulation in charge.
One worker for the new form Of gov.
ernment stated that time was the only
thing that was preventing his getting
a hundred names on his petition. With
forty people out in all districts Of the
city it is estimated by leaders in the
movement that 1000 or 5000 names
will be affixed by Friday
The election, which will follow the
filing of the petition with the city
council, will be carried on in the same
manner as an ordinary election. A
lively fight is expected by people who
are advocating the change in munic
ipal affairs. Although no formal an
nouncements have been made of any
! one leading fight against the pro
posed measure, this is expected tc
turn UP before the matter comes tc
| a vote.
In preparing for the election the
city clerk and two resident free hold
ers, one known to be in favor of anC
the other opposed to the measure
shall be appointed by the mayor at the
time of calling the special election
These election commissioners will
| have in charge the election, the dis
tribution of ballots, the appointment
of judges, clerks, inspectors and sher
ifs for each precinct.
Form Provided
When the question is called for ,
vote the statute provides the form o
ballot. If desirous of voting for tn
measure a (X) mark in the space op
posite the yes" on the ballot will
be indicative. If opposed to the meas
ure, the same mark should be EN-
ployed opposite the mo"
The passage of the home rule bill
by the state legislature has Temporal
lily discontinued the announcement o
candidates for mayor and councilmel
of the city.
Activity in all political matter
seems to have suddenly suspended II
anticipation of the balloting on tn
city manager form of government fo
| Richmond.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-03-17
Weather Forecast
MooRE's SPECIAL FORECAST
Occasional Showers. Mo-

Occasional Showers. Mostly Far.
Cloudy and unsettled weather with
showers this afternoon or tonight
Mostly fair Friday but partly cloudy,
moderate temperatures will prevail.
For Indiana by the United States
Weather Bureau-Fair tonight and Fri
day, not much change in temperature
Temperatures for Yesterday.
Today.
Weather Conditions-The storm cen
ter is over Lake Michigan this noon
causing cloudy and unsettled weather
with showers from the Great Lakes
south to Tennessee. Another storm is
now over the Canadian northwest
Temperatures are above normal ex
cepting over Lake Superior region anC
Saskatchewan.
Barometer Readings
a. m. oU.US
p. IN. IS.9Z
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-03-17
SPECIAL ELECTION
VIRTUALLY ASSURED,
UNOFFICIAL REPORT

Persons signing the petit
tion for the city manager
form of government, are urg-
ed to affix their names with
ink or an indelible pencil. If
names are signed with an ordi-
nary pencil, they are value
less, said one of the leaders
today. Remember, names
must be signed in ink or with
an indelible pencil.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-03-17
Forty Autos Burn
IN EIkhmf Blaze

ELKHART, Ind, March 17.-Forty
automobiles were destroyed early to-
day in a fire Of mysterious origin
which leveled the Warren garage here
B. l.. Losce. proprietor. estimated the
/ loss at about 100000. The blaze fol-
lowed an explosion in the garage
/ stock room.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-03-17
REDS LOSE
TWO TOWNS
ON FRONTIER
Forces of General Semenoff
Occupy Points Located on
Boundary Between Mon
golla and Siberia, Report.
TRAFFIC IS PROHIBITED
. (By Associated Press)

PEk1NG, March 17.-Occupation of
the two towns of Kiakhta and Troits-
kosavsk, located on the frontier be-
tween Mongolia and Siberia, about ITO
miles southeast of Irkutsk, by General
Baron Michel Ungern-Sternberg, chief
lieutenant of General Semenof, is re-
ported here.
These towns are about 125 miles
south of Verkhnie Udinsk, through
which runs the Transsiberian railway.
There were formerly of great CONNER
cial importance, being trading stations
at which Chinese and Russian mer-
chants met.
General Semenoff's forces have been
in the process of organization around
Khailar, northwestern Manchuria, but
the capture of the city of Urga, about
IT'S miles southeast of Kiahta in JAN
uary, showed that anti-Bolshevik ele-
ments had moved westward from
Manchuria tc a point within striking
distance of the Siberian frontier.
Uprisinss Reported.
There have been reports of anti
| Bolsheyik uprisings at Irkutsk, and
other points west of Lake BaikaI, and
it seems probable the occupation of
Kiakhta and Troitskosavsk may fore
shadow an attempt On the part of
General Semenoff's followers to join
forces with elements in Siberia, which
were opposing the authority of the
! soviet government in Moscow.
Bolshevik officials are not permitting
traffic toward Russia beyond Omsk
over the Transsiberian railway, the
reason given for this attitude being
the heavy transportation of provisions
within Russia"
| All freight shipments west Of Man.
.chuli, station on the Trans-Siberian
! between Siberia and Manchuria have
been stopped on orders from Verkhnie
! Udinsk S.
I WARSAW, March 17-Polish Rus
sian and Ukranian delegates will sign
the treaty between soviet Russia and
Poland at z O'Clock Friday evening, II
Ills officially announced here. Nego
tiations on the treaty, which will es
| LaDllSn peace between fuSSld ana tnlS
country. have been completed at Riga
where the ceremony of signing will
take place.
COPENHAGEN. March 1.-THE
Bolshevik batteries on the Kareliar
headland opened a strong fire agains
Kronstadt yesterday, says the Hell
singfors correspondent of the Ber
lingske Tidende today. The lombard
ment, from kronstadt caused four ex
tensive fires along the coast toward
Petrograd, the warships at Kronstad
participating in the bombardment, the
correspondent adds. Finnish refugee!
from Systerbak report the Bolshevik
are making extensive preparations fo1
a new attack On kronstadt, four ar
tillery divisions with 48 four-inch ant
and six-inch guns being concentrated
between Systerbak and Petrograd
y Last night there was a violent artil
llery duel between the fortresses a
Kronstadt, krasnay va Gorka and Oran
ienbaum.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18

uation. despite his duties in connec-
ton with the arms conference.
The President announced on Fri
day that he has accepted the resiR-
nation of Secretary of the Treasury
Mellon as chairman of the United
States section of the Inter-American
High Commission and has appointed
Secretary Of Commerce Hoover to
the post. 1t readily may be sur
missed that there is a connection be-
tween this change and the formation
Of the new foreign policy. Credence
Is given such a surmise by the fact
that any Latin.American entente
would have an important bearing on
trade relations.
This aspect, presented here as
largely conjectural, in view of the fact
that developments have not progressed
far enough for any announcements to
be given definitely, is given increased
interest when the European compe-
tition with the United States goods
in Latin America is taken into con-
sideration. Germany. England. Bel
GUM and France have been making
a determined drive for Latin-Amer-
lea trade and are meeting with sue.
cess. The United States, of course.
has no quarrel with legitimate COM
petition, but this Government Is
aware Of persistent propaganda
being spread throughout Latin-Amer-
lea, which charges that the business
men and bankers Of the United
States deliberately have worked, to de-
preciate exchange with the Republics
Of Central and South America and
place the business of those countries
at a disadvantage. This propa-
ganda has been traced directly 70
European sources. The meetings Of
the various national sections of the
Inter-American High Commission.
which are to be held on December
FL, will discuss this situation, and
an official effort will be made by the
American Government to have this
propaganda exposed. 1t Is quite pcs.
sible the matter will be taken up
through diplomatic channels.
American business men of both
Northern and Southern continents
are coming to realize their inter-de-
pendence more and more. To real
ize the prospects Of greatly enhanc.
ing mutual strength and economic
advantages, by adopting policy
which will make the hemisphere ~
unit in the matter Of trade AMI
broad political policies. A concert OF
natural interests is perceived. For
Secretary Hoover to sit at the head
of the United States section OF the
Inter-American High Commission an'
gurs well for the solution Of the
problem and promises expeditions &C.
ton in the completion OF pending
mercial treaties and uniform agree
nnents, practices and productions OF the
sort already set on foot by the Corr
mission, and which are regarded as
being Of so much importance by for
eign traders.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18
Sugar Interests Move
on Capital Tuesday

A number Of sugar men, represent
ing some of the largest sugar inter
ests here, are en- route to Washing
ton to attend the hearing before the
Senate Finance Committee next Tues
day and urge Il return to a one cent
tariff on Cuban sugars. They in
clude: Edwin F. Atkins, Of z. Atkins
q Co.; H. 8. Rubens, of u. s. Indus
trial Alcohol Co., and representatives
OF the Warner Sugar Refining Com
pany interests.
Although no official statement is
yet at hand, advices received from
Cuba by sugar interests here say
that President Zayas has decided to
dissolve the Cuban Sugar Finance
Commission on December 81, as
planned. In view Of opposition in
the Cuban House, it ia understood
that Zayas, II he takes action as
stated, will dissolve the commission
by Presidential decree, which only
needs the assent Of the senate, and
not of the house, to make 1t effec.
tive. Sugar futures were weak Fri.
day, with prices ! to 8 points lower
rejecting the probable early dissolu,
ton Of the commission. March sold
at 2.13 cents.
Informal negotiations in connec.
ton with the sugar situation reveal
that the Cuban producers would be
glad to get sugar back on q basis
which would pay them three cents
This would mean a price OF about
three cents to the American con.
sumner.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18

has prevailed for good many
months. Independent steel companies
are also in a more favorable state,
so that the outlook for the trade.
although naturally affected by scl-
sonaY depression at this time of tie
year. Is exceptionally favorable.
Prices for cotton goods have also
remained stable, notwithstanding the
very liberal increase in the Govern.
ment's crop estimate, and this fyct
tends to encourage progress in the
textile sections where there had been
some tendency to hold off on &C.
count Of fear that the price situa
ton had been left very uncertain by
the ginning report. In wool and
other textiles improvement also con-
tinues to be noted. Copper and al
lied Industrial shares are strong as
a result Of the continued working off
Of surplus stocks and reduction OF
costs, both of which factors operate
to further the advance Of prices or
the exchanges.
The Financial Prospect.
Committees of the American Bank.
ers' Association have been carefully
reviewing the banking prospects with
a view to reaching conclusions as Z
the action, il any, called for by the
joint interests Of the banking conf
munity. 1t is found that a very con.
siderable volume OF frozen loans still
exists In many parts of the country,
the effect being to hold UP further
progress in liquidation until after the
next seasons crop.
This leaves a number Of small banks
fairly closely dependent upon their
city correspondents. which will have
to carry them, and which need not
therefore expect further release OF
funds from these sources. In spite
Of this fact, which points to a belief
that the backward movement of funds
toward the cities, usually still active
at this season Of the year, has reach.
ed its limit, there has been very
substantial amount OF monev availa.
BILE for investment purposes. with the
result of maintaining modei ate rates.
Rumors concerning further reduc.
ton of rates Of discount at reserve
banks apparently have no foundation
and are officially denied, yat the con.
tinued shrinking OF the loans OF
Federal reserve banks at the same
time that their reserves accumulate
out OF proportion to needs, seems to
show that the pressure for lawcr rates
may be expected to continue.
Market Review and Outlook,
The market has displayed good
strength in spots. but still lacks the
impetus OF strong outside buyiny.
Some Of the financially weak com.
panies have shown heaviness, while
other stocks like the coppers, for rea.
sons of their own, have exhibited firm.
ness. Rail stocks have naturally been
uncertain In their movements due t.
the conflicting currents caused by the
important railroad news of the week
There has been a paucity OF offerings
in nearly all lines, most share owners
believing that the outlook is bright
enough to warrant them In holding
on, and this seems to be the correct
attitude TO take. as the market is in 4
healthy position and. aided by liberaI
supplies OF money, ought to work
higher for stocks OF companies that
are undoubtedly sound
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18
D. c. BANK HEAD
SEESR.R.STOCk
AS TIMELY BUY
Local Financier, Convinced That
1922 Will Be Good Business
Year, Favors Rails.
DAN O'CONNELL.

Prospects for 1922 are very bright.
and 1t now begins to look as II the ex.
pected smash. that was to signaiize
the reaching Of the bottom. viii not
matertalize. This Is the opinion Of
the president OF one of the biggest
banks In Washington, who has for
many years been looked upon as a
prophet In things financial.
The reatustment has been brought
about without the contemplated smash
he said today. and even now things
are on the mend. 1t probably will be
several months before things are In
such shape that ii can be clearly seen,
ne says. but the readjustment is now
In full swing, and next year will see
a great deal of prosperity.
Inc best investment at the present
time, he says, is preferred stock of
the responsible railroads. These stocks
can now be bought at prices that are
very reasonable. and they are In effect
junior bonds Of the roads. They are
bound to rise, he predicts. because the
railroads of the country are thearteries
OF commerce, without which the coun-
try could not long survive.
, The best evidence of my judgment
In the buying of these preferred stocks
Is In the fact that / am buying heavily
OF them myself and am advising all
my close friends to do likewise"
The railroads of the South are espe-
cially attractive bargains at this time.
he added, because tao South has been
the first to get into the readjustment
plan with both feet. and 1t Is now
building up from the ground. The fore.
sight Of the South was never better
exemplified, he said, than in the imme-
diate slashing Of wages 1t hurt bust
ness and 1t hurt the people generally,
he said. but they soon adjusted them
selves to the new condition, and today
they are In a better position to go for
ward than any other section Of the
country.
With the lowering of railroad
wages and the lowering Of freight
rates. the railroads Of the country
will go forward with rapid strides,
the banker believes. and while he
still believes that Liberty bonds are
the best buy first, last and all the
time for the man Of moderate means,
the railroad preferred stocks are the
best bargain on the market today
and have the least element of gam
bling in them.
Washington, Of course, will never
taste the bitter pangs of Industrial
depression. and lack of work as long
as the Government remains the prin-
cipal employer.
little thrift practiced by the
Government employees now, putting
of their savings into bank sanctioned
stocks and bonds, would leave them
q pretty nest egg in the near future,
he said.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18
Ags sssgHssTEHH##n BUSINESS AND FINANCE ~dH
r q ~ Highbrow Politics.
AUM" ~ M u. 8. Wealth.
Power Of Resource.
Trade Development.
By GEORGE w. HINMAN.

BY GEORGE w. HlNnAN. -.
CHICAGO, Dec. 1T have time for highbrow poll
tics; what want business, said prosperous shop
keeper to the writer recently. .A@
Then he added This country has all the things needs
look at its Why about those people IN Wash
ington? We the richest people in the world
This Is the common sort Of tak-too common.
Just think of it. OF 100000 who have sent petit
tons to Washington regarding the present on d
and the of half the world only 5000
business tf
Nearly 100000 women interested enough TO make
known their Wishes and only 5000 business men:
The bare figures show how general the opinion expressed
by the Madison street merchant We are SO rch we nave
such resources.
Why just to rise up and flood US
again with prosperity?
That is the idea although all the rest of the world fights
in Washington and other capitals today for every
last scrap business and trade that the world affords
Yet the cold fact that resources alone big figures Alone
do not make business and never will.
They all and useless until business and enterprise
take hold of them and make them work.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18
Lumber Expert Expects
Active Year in Building

Indications strongly point 10 the
coming year being one of the most
active years in the lumber industry,
according to A. r. Kriechbaum, vice
president of Lumber, the national
lumber trade journal, who is here
from New York.
Ever since the middle OF October.
he said. there has been steady I'M
Or ovement ir the market through
out the country and particularly In
the Atlantic seaboard territory, and,
as general rule Wholesale lumber
prices have either held firm or ad-
vanced The principal increases. he
pointed out, have been IN hardwoops:
while Southern pine, spruce, and
Douglas fir, the principal construc-
ton woods, have held very firm. A
few itens. such as yellow pine floor
ing, finish and roofing, advanced In
price considerably up to December
/ and since then they have been
holding an even keel.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18

with such stuff. and look At Russia
and China today.
Resources are AZ dead In Russia.
dead az in China, unless taken In
hand by business men, developed BY
enterprise. turned into things people
want to use. and sold in the markets
OF the world.
Business men in England. Ger.
many. France and dozen other CIV
ilixed countries understand this and
act on 1t. Their trade papers to-day
are full of international politics be.
ing done. by their governments TO
turn their resources into the chan.
nels of foreign commerce.. their
products into the courses Of interna.
~tional trade. Sooner or later Amer.
lean business men have got to come
to the same thing II they wish to
get out Of hard times In the present
and to avoid hard times In the future.
Consider! The business Of Asia
more than half the worlds people,
is being negotiated for in Washing.
ton. to say nothing Of the Pacific,
and there are ITO American women
to every American business man
making known their needs. desires
and interests! That reveals a situar
ton that big figures and buried
wealth have no ability to cure.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-18

Tne most important tenet OF the
proposed Occidental entente would
De the Withholding OF recognition from
new governments set up by force or
intrigue or otherwise than by legal
election. until every nation on this
side OF the Atlantic should be ready
to Join in such recognition. In every
case of the establishment Of a new
government, recognition would be
simultaneous by all American govern
ments or would be withheld until
conditions were righted In the coun-
try involved. in accordance with what
the Pan-American League would re.
gard as legal principles.
Discussion Of the new policy has
been brought forward by the situa-
ton In Guatemala, where, 1t is re-
ported. malcontents of an old regime
by force have overthrown the legally
established government against the
popular will. The fact that prac-
tically simultaneously with the over.
throw. civil election occurred which
gave an overwhelming vote Of con-
ddence to the ousted government, lis
regarded here as significant and as
an indication Of the need of some
sort of organized moral pressure
among all American governments to
insure the sort of stability without
which business progress cannot be
realized. The indications at the State
Department are that the new regime
in Guatemala will not be recognized,
but that action will await the COM
pletion of the new Pan-American
policy. The Secretary of State il
giving personal attention to the sit