davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-01-18
IIANCIAl
SITUATION
.
olfsction Policy Of Fed,
II Reserve Will I'm
prove Credits.
" DAVID LAWRENCE.
lsnecial to The Argus.


Warrington, Jan. 1S-More papar
,...sy has been retired from CIR
station in the last eighteen days
- st any other previous period
4 american history, and as q con-
I suuence the wrinkles have passed
ism the brows Of our government
s2cals, The process Of deflation
~ followed normal lines. Nature
e tnken its course. Liquidation
( - been extensive. And the en-
I'M nuancial situation is health
n than it has been in some time.
/ Various statements issued by the
idefal reserve board, indicate
vhen analyzed that about $245e
tooOOO In federal reserve notes
i,ye been retired in the last three
vseks, which is about fifty mil
ron dollars more than was the
c,se for the same period last year.
smilarly since the middle OF De-
nmber loans have decreased
slout $3.50. 100000 corresponding to
IL reduction in the amount Of cur
nscy.
O6icials are drawing optimistic
hisrences from these figures and
e confident that it means a quick
daage. for the better in business
4 whole. For as soon as the tak7
~ Of stock in January is COM
pIeted, the buying Of spring goods
I'd the general demands of spring
hssiness will begin to be financed
N financial condition of the bust.
~ world, as reflected in the data
nthered by the federal reserve
lafd, is satisfactory and the nat
|'ml expansion Of currency and In
npsse Of credits which occur II
- early spziRG are confidently 'ex
| lgtsd.
81 Per Capita.
The retirement Of $245,000,000 IL
federal reserve notes has anothel
meaning. The decline signifies
reduction by more than two dollar
Of the per capita circulation o
money. Fortunately the cost OF Nv
,iag 10 tumbling so that as tn
anclnt Of money in circulation
dininishes, the purchasing powe
dtAs dollar is rising.
b fAr as is known, this reduc
Ia Of more than two dolla:
Nsablishes a new record. Ger
talnly no such change has been re
saedsd in an equal space OF tim'
AID % a further evidence OF tn
success Of the defiation currents !
American finance, the earning al
t6s Of the federal reserve boar
lave dropped below the three bi
Ion mark for the first time sine
Jan. 3, 1920. j
In nutshell, the policy OF cor
traction Of credit which the fet
fContipvad an pooo Tshpoa !
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-01-18
TWELVE SACKS. OF MAIL
SEIZED BY ROBBERS At
CHICAGO UNION STATION
Thieves Escape in Auto
Reserve Bank Shipment
Of 500, 900 in Loot.

Chicago, Jan. 1S.-Five. youthful
bandits held up q United States
mail truck at the Union statfoa
here early today, escaping In an
automobile with IL sacks Of mail,
10 of which contained registered
mail. Police say that the pouches
contained part Of federal reserve
bank money shipment which vas
to have been placed on . train
leaving for st. Paul, Mimi, at $3.50
a. m.
The mail was to be placed on
Chicago, Milwaukee & st. Paul
train No. SIS. The bandits sur
prised three postal employees guard
ing the pouches, forcing them ct
the point OF rev0lvers back into the
truck, while the bandit car drew
alongside and the II mail bags
were transferred to it. The ban
| dts worked swiftly and the robbery
was accomplished in few min
utes.
The regular mail was composed
solely of city collections and the
registered mail bags were sup
posed to contain currency and
bonds whose value cannot be esti-
mated yet.
1 Was Inside Job.
| One Of the postal employees said
that only q few minutes after they
had arrived at the station with
their truck the bandit car dashed
up. The police believe the robbefy
was an inside job - the bandits
seemed to have knowledge of tAa
hank shipmenA ~ we'll - the Nnne
1.-THE truck. wouid arTive and the
number Of men guarding It.
Thomas Carter, Richard J. Sliney
and Phillip Cahill, postal employees
said the five men, none Of whom
appeared to be more than 20 years
q old, wore black masks and carried
out the robbery in such shori
time that the attention of watch
man and a railroad mail foreman
working nearby was not attracted
: until they were speeding away will
i the IL pouches.
4 Carter, who drove the mail truck
said he believed the bandit ca
followed him from the postOffice Il
r the station. The alarm was sent t
y the federal building, the city detec
r tive bureau and the Des Plains
street police station. Severa
a squads of officers were on the trai
II Of the robbers within a few min
e uteS
;, Do Not Know Loss.
= Postal authorities early toda
= were unable to estimate tt
amount of the loot. They said tn
" shipments to the Northwest whic
4 usually go out on the 2:30 4. n
= mail average about 100000 !
N value, but they consoled themselvs
with the knowledge that the Tue!
T. day shipments are generally -
n less value than on other daj
Sof the week. .,.. ... -;
Postal inspectors spread u
and enlisted the aid OF SuOurDe
town authorities and notified Il
police of nearby cities. One I
their first activities was to chez
N up on all recently discharged ma
A drivers. as the circumstances
the robbery convinced the author
ties that it was an inside job"
The mail truck had been back
}. to the curb in front of an elevat
" used to deliver mail to the baa
ment of the station and stood Abo
Is feet north OF Monroe street
Canal street. The bandit car cai
:: from the west turning into Car
u street from Monroe moment at
ps the truck had been parked. lS
Ut rival was timed to a nicely. 4.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-01-18
Plat FORM
Of BRAND
ANNOUNCED
German Disarmament and
Reparation ''Hsadlin-
ers" Of Policy.
By JOHN DE lGANDT.
UNITED Press Star Correspondent j.
Copyright, 1921, by the United
PreSS),


Press).
Paris, Jan. 18.-France is ready
to support any reasonable project
designed to bring about q regime Of
justice and peace throughout the
world, Aristide BRAND, the new
premier, declared today in an inter-
view granted the United Press.
This interview, the first given by
BRAND since he took the PREMIER
ship. was considered especially i'm
portant in view Of the pre4ent agi-
tati0n for disarmament.
BRAND. however. indicated his
ministry would be firm in compell-
ing Germany to make full repara..
tion for war damages.
II am resolutely a pacifist," he
declared. II will support with all
my efforts any organization or prof.
ect susceptible Of gathering all the
goodwill of the world SO as to es-
tablish, little by little, in serious
and durable manner, a regime of
peace and justice between nations.
at isn't the people who ignore
the necessary steps who most
quickly reach the goal"
BRAND then related the hare and
tortoise fable to explain his idea
of attaining real peace.
Il am not hare" he asserted.
The veteran French statesman
o somaS - ~ a;facnlt;a. ~ sornin, ,
sn - .c.sotehi. ~ cah;net recsived tn
i sa..ss~nrdont - with m trach a
wn-rw va ~. nroh,em vh;ch vii
1870 ~ todar when ~. Erancl
~~ H !. ~ ..".. :, rs,.ot ~,
cnsmu " " sts - ~ ~
q paaes sSs... ..-. ~. Y,.,t.J
| r ~ - .1sI.tsS ,,.rt - ~ s.,
~ ss.~,rr ~ - i.ter IN ennn
.ssta k -, - nre.srtir1 az his select;ons +,
tie ~ oharher 20
49,. v..A.
1 A"o uiot MA
TWO matters wni occupy m'
mino, brland sac IN Deennns.
! Inese are oisaf lnainent anu 'ep
aration.
ne insls'eu N INA. .nants us - m y
ne s1f11Ped ot AZ ~sn.s su ~ r. :
ileve rAnce VI e oa1sei
aAck. - =.
4 since tne eSsaDusnment =. -
tnlro rep9Diic france mas Doen ~
enc, ne declared.
~ vas Umaay Aa,s1 ~. w ~
cons.sn'ly mSassTu S: sra.ras 10 wa1 .mo.d s "
poMosr anu sas e1s. 20 psne1 eso,srS . ~
1o nOe uesy .ue poas ra. - :,
aucM Cnanse wniSn na on N. = ]
iecteo IN our Iolnes Sneu.e. daw as
DecAme ue~o. S .Se ~ Jr' ~ ~. ~ a. % 1
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-01-18
The WEATHER

Mostly cloudy tonight and Wed
nesday; rising temperature with the
lowest tonight about 20 to Is do
gree3.
Highest yesterday. Is: lowest
last night, 13.
Wind velocity at Z a. m. 10 miles
per hour. ~
Precipitation, none.
12m,. 7p.m. am.
yestsr. .yester. today
Dry bulb temp. II Is II
Vet bulb temp. II is
River stage, 1.1; rise Of IL
last - hours.
]. \. SHERIER, ueteoeologist s
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-01-18
NAVY BOARD
HEARS TALE
:. Of: AIR TRIP
lieutenant Klcor Tells Of
Thrilling ght to
y. s.r
Moose Factory.

Rockaway, N. r, Jan. 18.-Lieu-
tenant Kloor, pilot Of the American
naval balloon Asses on its thrill
ling flight from Rockaway to Moose
Factory. Canada. Dec. Is and IA.
told the story OF the trip to = naval
board Of inquiry here today.
Lieutenant kloor said that before
the start of the fight on Dec. 13.
the balloon was fully equipped and
provided with rations. At the start
they ascended to q height Of 1000
feet, knowing from observations
previously made that at that height
it would be possible to take q due
northerly course.
1T would have been just as sim
ple as falling OF a.log to land at
Wells, N. T." Lieutenant Kloor
said. !
The balloon, he explained, was IL
q calm, hanging about one hundred
feet above ground. 1t was then (
D. m. About two hours later thu
wind increased and soon after mid
night they saw lights to the north
ward. They tried to bring the bal
loon over the lights, but in each In
stance went to one side or the other
Of the towns. About 1870 a. m. the
lights Of a large city appeared n
the distance and they dropped low
enough to shout at the people.
/ A heavy rain was falling ant
they could see the drops spatterins
on the deserted streets All thetl
efforts to attract attention failed
however. It was impossible to lan'
and they kept on northward.' ~
signs of habitation were seen unit
about 8 q. IN. when what appeare'
1 Is ba a small fsy0~h0use was dis
EtinRuished below them. They yell
ed until 4 man came to the door.
II could see that he was fright
tened," Kloor continued. HE open
| ed the, door, looked out . minute
made no reply and hurriedly rushe
back into the house and slamme
) the door,"
:, No Sign Of Life.
i They floated ON until morninl
with NO signs Of life. Forest ate
forest swept by under them. broke
only by snow capped mountains an
frozen streams. A heavy rain pei
, ed the bag and soaked the men
, clothing and all their equipmen
Later it turned to snow and Il
weight caused the balloon to sett
,, SO that at 8 o'clock in the mornln
ithey were forced to throw out mol
l ballast. They gathered all avail
able weight and hauled in the 10
pound drag-weight. cutting 1t
( pieces. At 10 o'clock they saw
small log house, but kept on II
1 another hour, when the sun can
!. out, expanding the gas and sendir
y the balloon to 3 height OF $500 fe<
About lis p. m. they thoug
e they heard a dog barking and thu
saw . small log house. 1t vi
much colder and they decided
chance a landing. When abo
thirty feet above the tree tops tn
made . rip" landing and the os
loon, striking the trees. porpoise'
80 or 40 feet above the wooe
swept by q high wind.
] Tho men crouched in the botto
iof the basket and. Kloor said, ma
a good landing. considering the co
4 ditions. As the men climbed o.
the bag remained suspended IN
trees while the basket rested
the ground. eN.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-01-18

Continued on Page Three.)
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-13
DIAL THREATENS TO
HAVE LANDS OUSTED

Washington, Feb. 12.-Senator
Dial of South Carolina announced
today in the senate that he would
bring impeachment proceedings
against Federal Judge lands Of
Chicago If he obtained confirma-
tion of statements credited in the
press today to Judge Lands in the
case of Francis j. Carey, bank
clerk charged with embezzlement
Carey, who pleaded guilty to
embezzling $4,000 from the Ma
tional City bank of Ottawa, H.,
was released yesterday on his own
reeognizance by Judge lands,
who was quoted as saying the
bank directors really were respon-
sible for the theft because they
paid Carey only $50 a month.
ANY man who utters that kind
of statements" said Senator Dial
SIS not worthy of public conf
dence and should be impeaehed."
Senator Dial said he had writ
ten to Chicago to obtain confir
nation of the statements credited
to Judge lands. If confirmation
is had, he declared, he would
bring the matter to the attention
of the house. where impeachment
proceedings are required to origi-
nate, and ask his impeachment"
Senator Thomas, democrat. Col
orado, interrupted to say that
Judge Lands, besides his salary
as federal judge, received IAN
enormous, princely salary from
some baseball organization"
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-13
ATTACK MADE
BY ARMED
men On
TRAIN
One Man Is Killed and Six
Others Are Wounded in a
15-Minute Battle in the
Outskirts of Cork.
CARDINAL ISSUES A
WARNING TO FLOCK
Tells Pensioners Not to Be-
come Connected With Or
ganizationS Opposed to
Laws of God and Church.
tRv The Associated rrasa.,

Dublin, Feb. 12.-An Of
fetal report of the attack
by armed men on a passen-
ger train in Cork today, re-
ported in news dispatches
from that city, says the train
was about to leave Mallow
station when armed men
boarded the engine and
compelled the engineer to
proceed until the train had
reached a cutting near the
Mill street station. There it
was halted and a heavy fire
Immediately opened up on
the foremost car, in which
fourteen soldiers were rid
ing.
A fight lasting a quarter of an
hour followed. in which a sergeant
was killed and one officer and five
soldiers wounded. four seriously.
Rifles and equipment were taken
by the attacking party, which num-
bered 200 men, and the engineer
was ordered to proceed
In view of this and similar in
cidents, involving danger to rail-
way men and passengers. the Off
cial report says. a repetition of the
occurrence will lead 10 the closing
of the railway in the martial law
area in which the attack occurs.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-13
DISTRIBUTION or FUNDS
AND SUPPLIES OPPOSED

Dublin, Feb. 12-Whether the
the American committee for relief
in Ireland, which recently arrived,
will be permitted to execute It's
plans, depends on a conference OF
the civil and military authorities,
Chairman France and other mem
bers of the committee with the
American consul visited Dublin
Castle today and had a long inter-
view with Sir John Anderson, I'M
der secretary, and General Mac
Ready, both of whom displayed in
terest in the intentions of the
committee but opposed the plan
for the distributions of money and
supplies.
1t was pointed out by the Off
cials of the Irish government that
no chance could be risked of the
money becoming diverted to the
uses of the republican army. 1t
was suggested that the committee
to spend few days in Belfast and
Donegal and investigate the field
for relief work there while author
tiles were considering the scope
that should be allowed the COM
nittee.
II is understood that the COM
mittee accepted the suggestion and
will probably go to Belfast, after
visiting Balbriggan Monday 1t
was intimated to the committee
that its relief work. if permitted at
all in martial law areas, will be
sharply defined and that the COM
mittee would not be permitted to
alleviate the effects of punishment
officials inflicted for attacks on
the crown forces.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-13
PASTORAL LETTER is
ISSUED BY CARDINAL

London, Feb. 12.-Cardinal
Bourne, archbishop of Westmin-
ster, in a pastoral letter to his arch
diocese, which viii be read tomor-
row. refers to the horror and out
rage in Ireland"
I'm the midst Of this welter of
confusion" the letter continues, II
have grave reason TO fear that
some of my own flock. impelled by
legitimate love of country and
urgent longing for realization OF
their lawful aspirations, are un-
warily allowing themselves to be-
come implicated in societies and
organizations which are in oppo-
sition to the laws of God and the
Catholic church."
Cardinal Bourne refers to the
warning of Cardinal Manning IN
1867. in which Catholics We're re-
minded that the church, through
the pope. had declared all con,
spiracy was a sin.
Cardinal Bourne adds:
"And / take that warning hear6
flfty.four years ago, and make 4
GpntipRed en Page Two.l
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-13
GRAIN RATES HEARING SHOWS
STATE farmers HANDICAPPED
I'M SELLING THEIR PRODUCTS
Rate From Kansas City to Ashfork Is Same as
That From Clovis to Ashfork, Although Dis
tance Is Double; Milling in Transit Priv
ileges Restricted.
(CTINToN p. ANDERSON. J

Santa F'e, Feb. FIN the hear
ing relative to the freight rates on
grain, hay and other agricultural
products which has been held be-
fore the state corporation commits
sion, some information has been
produced which tends TO show the
difficulty under which the farmers
of New Mexico have been laboring
in their efforts to compete with the
farmers of other states.
d. w. Jones, secretary of the
Clovis Chamber OF Commerce,
pointed out that the rate on grain
from Kansas City to Ash Fork was
S5h cents and from Clovis to Ash
Fork the rate was exactly the
same. The distance to Ash Fork
from Kansas City is 1928 miles,
while from Clovis. it is only 632.
The rate on grain from Kansas Citv
to Phoenix. a distance of 1.4S-
miles, is 97lS cents, while the rate
from Clovis to Phoenix. distance
of S26 miles, Is exactly the same as
for the 1,4S7-mile haul.
Mr.. Jones also pointed out that
rates on New Mexico products go
ing east were q combination or tne
rate from Clovis to Farwell. Tex,
and the rate from Farwell east.
This rate from Clovis to Farwell, on
shipments to San Antonio, is 10
cents per 100 on grain products,
the distance being nine miles. On
shipments to other towns the
Clovis Farwell rate ranges from 6
to 10 cents.
But when shipments start coming
into New Mexico, the tables are re-
versed and the advantage is again
with the Texas farmer. The rate
from Clovis to Carlsbad is SO cents
and the rate from Farweli to Carls-
bad is exactly the same. S6 cents. 7
Mr.. Jones pointed out that New
Mexico towns do not enjoy milling
in transit privileges, while these are
granted to Texas towns, If a New
Mexico shipment is milled and
shipped on to point on the Santa
Fe lines, milling in transit privi-
leges are granted; but the average
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-13
PLANS BEING MADE TO
SHIP CORN TO CHINA

Washington. Feb. 12.-CongresS
will be asked to enact special leg
islation authorizing the shipping
board to employ vessels to haul to
China grain donated by American
farmers for the relief of the starv-
ing there and giving the navy de-
partment permission to pay eX-
penses OF volunteer naval reserves
to form crews, it was announced
today after a conference between
Secretary Daniels end Chairman
Benson of the shipping board.
The decision was reached after a
committee headed by Carl Vroo-
man, former assistant secretary or
agriculture had said grain already
had been given by farmers in the
west and that members of the rail-
road brotherhoods stood ready to
hauI II TO the coast without charge
for their services.
Chairman Benson agreed to as
certain what ships are available on
the Pacific coast, He will meet
again with Secretary. Daniels Mon
day to draft the proposed legisla-
! finn
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-13
TESTING NEW METHOD
OF MEASURING VALUE
OF WORK OF EMPL0YE

Cleveland, o., Feb. 12.--An en-
tirely new method of testing the
value of an employees work is re-
ceiving its first test in the garment
industry here. Scientifically de-
termined standards of work have
been installed.
The wage standards, as they are
called, were determined after six
months of intensive time studies
of actual operations. The Cleve-
land Garment Manufacturers as
sociation and the six locals of the
International Garment Workers
union Joined in paying the ex-
pense.
The amount of work an average
employe can do in a week is con-
sldered 1000 points for which a
STIPULATED weekly wage is paid.
For all that an employe does
above the average standard he is
paid extra, according to a regulat-
ed scale.
In addition to guaranteeing the
worker a minimum weekly wage
and paying him for all he produces
above that, the plan provides for
paying the worker during what
ever idle time there may be in his
work day
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-13

The conference with the labor
secretary, which was also attended
by Judge Lawless, another of the
lord mayors counsel. was described
by Mr., Doyle as satisfactory and
verifying our feeling in the mat
ter"
The order recently issued by the
labor department defining O'Cal-
laghan's status as a seaman which
would require his re-shipping for a
foreign port, Mr.. Doyle said. con-
tained no time limit, as was re-
ported, but said that he must leave
at his convenience, although, he
added, it Suggested a certain
time"
The time limit as reported when
the order was announced gave the
lord mayor until yesterday to re-
ship under penalty of being or.
dered deported He was said to be
on speaking campaign in New
York state tonight. Mr.. Doyle add
ed that the situation would be
cleared up in an official statement
in a few days.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-13

buyer of grain products does not
know where he will ship the milled
product and therefore hesitates to
buy from New Mexico farmers,
1t was shown that Clovis. with
many elevators and excellent ia
cilities, had only shipped five carsa
of snap corn. while Farwell had
shipped 400 cars. Farwell has few
facilities for the shipment of grain.
In many instances the farmers in
New Mexico had hauled their grain
the nine miles to Farwell in order
TO secure the lower freight rate. s.
The rate on hay and straw from
the Pecoe valley to Gallup is 6S "
cents, while the rate from Phoenix,
Ariz., to Gallup is 55 cents. The
distance from Roswell to Gallup Is
SS3 miles. while that from Phoe-
nix is 436 miles. In other words,
Phoenix has a lower rate for a
longer haul.
The rate from the Gila valley to
Ell Paso is S11s cents on hay and
straw, while the rate from the up
per Rio Grande valley is "a cents.
The two localities formerly had the
same rate, but in applying recent
freight advances the percentages
applied were different and the
rates are no longer equal.
Coe Howard, representative from
Roosevelt county. testified that the
people of his region had hundreds
of cars of sweet potatoes which
would enable them to complete
with farmers of other states. M
AS a result of the hearing, f. B.
Houghton, freight agent of the
Santa Fe railroad. wired t, d, Gall
lagher. assistant general freight
agent at Amarillo. to meet him in
Chicago the first of next week and
go over the situation to work out
satisfactory adjustment. He deS
clared that the milling in transit
privilege would be restored. Edwin
F. Cord. rate clerk of the corpora
tion commission, was asked to pre-
pare tables of comparisons which
the railroad might use in making
! the adjustments.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-13
HARDING HAS MADE NO PLANS TO
CALL AN INTERNATIONAL PARlEY
on LIMITING ARMAMENTs, SAYS
The Idea, However, Fits in With His General
Scheme for An Association of Nations; Visit
of Dawes and Lowden to St. Augustine Has
Revived Cabinet Gossip.
tBY THE ASSOCIATED pRrss.l !

st. Augustine, Fla, Feb, "a
While the cabinet problem was
taking on new elements of uncer-
tainty today President-elect Hard
ing let it be known his plans for
international peace and disarma-
ment also are far from definite
formulation. Taking note of pub
lished reports that a disarmament
conference would be called early in
the new administration. he said he
had made no such plans. although
the idea fitted in with his general
scheme for an association of ma
tions. 1t was feature of the