davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1921-10-19
Chicago Live Stock Market.

CHICAGO. Oct. l9.-Live stock:
Hog receipts. $4,000; market, 10@
rs lower.
Bulk. s7.1o9ss.2o per hundred
pounds; top, 1886; heavyweight.
S7.60@8.25;' medium weight, $4,000
IS. 80; light weight. $7.S50$S.25: light
lights, $7.759$s.15: heavy packing
sows, smooth. S6.50Q$7.25; packing
sows. rough. $6.00Q$6.75: pigs. $7.75
@$8.25.
Cattle-Receipts, $4,000; market
steady to rs lower.
Beef steers-Medium and heavy
weight. 9.O0@11.75; choice and prime.
615910.00; light weight, 9.25@1l.75;
good and choice, 4.75@s.35: COM
mon and medium, 3.7549.60.
Butcher cattle-Heifers, 3.60@6.50;
cows. 325Q6.50: bulls, 2.5083.50.
Gamers and cutters-Cows and
heifers. 3.00d3.75: Gamer steers,
S.0091l.75: veal calves Qight and
heavy weigho, 4.sSa7.00; feeder
steers, 4.O0G6.s5; stocker steers.
32565.0O
Sheep receipts. 200; market gen
orally weak to 25 lower.
Lambs eighty. four pounds down.,
7.2568.60; lambs (culls and common),
5.00q7.00: yearling wethers. 5.C0@
700: ewes, 3.00Q5. 500; ewes (culls and
common). 1.5092.75; breeding ewes,
3.50@6.50; feeder lambs, 6.5097.50.
The Washington times., 1921-10-19

the corner has been turned and that
loyal and efficient Columbia dealers
will in the closing months of 1921 and
carly in 1922 again reap the profits to
which their splendid efforts and hearty
cooperation with the Columbia Graph.
ophone Company entitle them.
with thirty-five years of Columbia
success and progress in phonograph
development behind the company. the
management is not at all discouraged
by the recent business slump.
There is no doubt in the minds Of
the management that the continued
future of the Columbia Graphophone
Company is assured and that an un.
interrupted flow of Grafonolas and
Columbia records will contine to you
The Washington times., 1921-10-19
Baltimore Grain Market.

BALTIMORE, Md, Oct. 1s.-Wheat
firmer. No. 2 red. winter, Sill "a;
No. red, winter, garlicky. $1.06h.
Receipts. S9,642 bushels; shipments,
3S5,878 bushels.
Corn steady. No yellow or better,
domestic, 60 asked. Receipts, 20,2s2
bushels; shipments, 1,517 bushels.
Oats quiet. No. 2 white, domes-
tic, As. Receipts, 3.415 bushels; ship
ments, 5,192 bushels.
Rye firmer. No. . Western export,
spot, S9L. Receipts, none; shipments,
500 bushels Hay dull. Supply
ample. Flour. 25 cents barrel lower.
The Washington times., 1921-10-19

increases certainly look aHtoundins.
especially when II IN reuneTparCd .ha
the bank was organized only seven
year ago.
For example. one man hsa Jumped
from $4,000 TO $4,000 year, anathsr
from $1,000 TO $4,000. another fion
$4,000 TO s22. 900. another from $4,000
10 $4,000. another from $4,000 TO
SIS, 900. The list also contains such
jumps as from 1900 to $4,000 a
ysBr. from $1,000 to sl2 900, from
81, 500 TO $4,000 in two cases, and
six instances OF increases from 81 SOC
10 salaries nnging from $500 20
$4,000 a year.
Some Salary Boosting.
Certainly not many non-govern-
mental organizations have boosted
salaries at such rates. and II may be
in the public interest to have the
fullest explanation OF how tn sse
various men have increased their
worth so phenomenally.
On the other hand. the three high.
est salaries paid. according to Mr.. vii.
liams. are one Of $50 200 and two Of
$40. 900 surely not extravagant re-
muneration for the men mainly re-
sponslble for running so colossal and
SO tremendously important a financial
institution, an institution, indeed, in
some respects the largest In the world.
Take the $50, 200 salary. 1t is paid
Benjamin Strong. governor of the
bank. He started at $4,000 seven
years ago.
ka fav nSns xxytf NJ
Strongs banking career, and l venture
to say that, had he kept on as he was
going in the banking world he would
have been earning at least $4,000 by
now.
The $40, 900 which he received at the
start was probably no more than he
was getting as a responsible officer in
the Bankers Trust Company Of New
York at the time of his appointment.
There are financial institutions in New
York which have paid their presi-
dents twice $4,000 a year-F'rank A.
VaDderlip got 500. 900 year from the
National City Bank. and doubtless the
president of the largest trust COM
pany In the city is worth as much.
Pierre Jay, one of the $50, ,000-a-year
men. is the governmental representa-
tive in the bank.
He started in 1914 at $4,000 year.
The other 900 officer, Deputy
Governor j. ii. Case, is. l should say,
underpaid rather than oyerpaid.
have followed Mr.. Cases career for
many years, and when he agreed to
go with the Federal Reserve Bank at a
starting salary Of $4,000 year he
probably incurred a financial sacrifice,
as he was then leading vice president
in the Farmers Loan and Trust Com
pany of New York.
Governor Strong is away from the
bank a great deal. and in his absence
Mr.. Case takes the responsibility OF
command. AS salaries go nowadays,
$50 900 certainly does not appear ex.
travagant for such a position.
The Washington times., 1921-10-19
WALL STREET NOTES

NEW YORK, Oct. 19.-Thc feeling
that there will be no railroad strike is
growing stronger among traders.
OF course, the hope is more or less
father to the thought but several indi
cations are to be found to give founda.
tion to the belief. The most pertinent
factor in preventing the walkout will
be the Government.
What policy the Administration win
adopt Is unknown at present, but
Washington advices indicate that the
Presidents stand will be made perfect
ly clear in the next few days.
One wire from the Capitol stated
that Chairman Barton, Of the Labor
Board, is expected to disclose the Ad
ministration's measures for averting
the strike at the conference called for
tomorrow with the unions representa-
tives.
Some brokers believe that even
thought a strike should occur II has al
ready been discounted by the action
OF the market. Such is not the case.
however, as there can be no telling
now just what the ultimate effect Of q
general walkout would be.
Invincible Oil Pool.
The following is from wire Of
well-known house; "Invincible oil has
sold off from high price OF ia a few
days ago to 10A this morning. We
understand that strong pool has
been formed in this stock to aid in
the underwriting of new issue Of
Invincible common stock to be offered
shareholders at 10. II the general
market permits, II is likely that the
stock OF the Invincible Oil Company
will be n purchase on reactions below
IL, and a sale on rallies from l3 UP
until the new stock offering has heen
completed"
This advice rather speaks for itself.
The notable fact is the rather limited
margin of safety allowed odd.lot
traders,
Government Withdrawals.
The Government will withdraw to-
morrow S17,000,000 from the banks In
this district.
Those who persistently advise buy.
ing the rails on prospects OF big
earnings are those who moan the
luudes' that the cost OF labor will
bankrupt every road.
Specialists are watching Pierce
Arrow closely and believe II the
stock rises above IL the patient
can b, regarded as on the road to
full recovery.
The Washington times., 1921-10-19
Foreign Exchange.

NEW YORK, Oct. 19.-The foreign
exchange market opened weak today,
with demand sterling % cents lower.
at s3.S9%. Francs yielded cen.
times, to 7.15 for cables and TIA for
checks. Lires were unchanged at
3S9 for cables and 3.8S for checks.
Belgians declined 8 centimes. to 7.06
for cables and 7.05 for checks. Marks
we're unchanged at .0059.
other quotations are: Guilder ca.
bles, 24.01: checks, 34.93. Sweden
kronen. cables, 23.15; checks, 1910.
The Washington times., 1921-10-19
Enrd on Right Track.

Henry Ford is on the right track
when no comes out and advocates
better pay for the judges who sit In
our courts. II Federal, State and
even municipal officehoIders We're net.
ter paid there would 10 less temptu.
ton TO indulge in practices designed
TO swell their bank accounts.
Payment OF higher salaries. too,
would attract competent, aggresst"e,
brainy men who, having attained sue.
cess in the business world, hesitate 10
accept public office because OF the n.
nancial hardship II YOU; entail upon
their families.
The Government and its agencies
instead Of being about the poorest
payers In the country, ought to be
the best.
Copyright. n. G. Forbes)
The Washington times., 1921-10-19

OF the Currency
who is to bankers
what a red rag Is
TO a bull. dsciares
that the salaries
paid by this In
stitut l on a 4 Q
shamefully extrav-
agant. And Con-
gress has decided
10 reveal the facts.
Mr.. VIII l a m 8
presents a list OF
the largest salaries
paid, along with
the In C r e a 8 c y
granted from the
tme the officers
were employed.
Gs.5B.n nf fhaza
The Washington times., 1921-10-19
Liberty Bonds.
Furnished by w. b. Hibbs & CO..
Chicago Grain Opening.

CHICAGO, Oct. 19.-Wheat opened
V to 1c higher; corn unchanged to
hc higher; oats unchanged; lard
higher; pork and ribs inactive. Open.
ing:
Wheat-December, s1.06@1.05; May,
S1.10h Gill.
Corn-December, 46Q46bc; May,
51b 451hc.
Oats-December, 32q32Ac; Nav,
36&.
Lard-January, 1910.
The Washington times., 1921-10-19

James G. Dulin, assistant
secretary of the American
Security and Trust Company,
heads the special committee
In charge of the drive, and it
is expected that the approx
mate 800 membership of the
chapter will speedily be in
creased to the desired figure.
Victor B. Deyber, president
of the Second National Bank;
Charles l.. Eckloff, assistant
cashier of the National
Metropolitan Bank, and A. b.
Crigler, of Alexandria, will
be Mr.. Dulin's assistants in
the work in hand.
Literature pointing out the
benefits to be derived from
membership in the institute
is to be distributed freely, and
this is expected to go far
toward accomplishing the de-
n
The Washington times., 1921-10-19
Liverpool Cotton Market.

LIVERPOOL, Oct. 19.-There was q
fair inquiry for spot cotton at the be-
ginning of business today. Prices
were steady, sales were 1000 bales.
American middling fair, s14.59; good
sl2.79; fully middling, sl2.29;
sl1.S9: low middling, s10.7l;
good ordinary. $3.50; ordinary. ss.S4.
Futures opened easy.
The Washington times., 1921-10-19

In this connection it is pointed out that individual
who is in sympathy with the objects of the work in hand
is eligible sustaining membership in the chapter.
The start the drive will begin on Thursday evening
opening meeting will be held at the New Willard
when will be made that the lecture course OF
year will begin the following Tuesday evening at the
chapters headquarters.
The Washington times., 1921-10-19
New York Clearing House.

NEW YORK, Oct. 19.-Clearing
house statement: Exchanges. $685..
500 900: balances $67.000.000; federal
Reserve Bank credit balances s57,-
100, 900.
The Washington times., 1921-10-19
Get Caroline County Bonds.

Baker, Watts & Co., Nelson, Cook q
Co., and Townsend Scott & Sons, OF
Baltimore, jointly, were the success
full bidders for an issue Of $4,000 g
per cent serial school bonds of Caro-
line county. They bid 104,639.
The bonds mature $4,000 annually
October /, 1926 to October /, 1885.
The Washington times., 1921-10-19
|tIN ANCE
- AND
BUSINESS IN
~ b. G. rORBEs
Another probe ,

Another probe.
This time AZ lis the salaries paid the
officers of the Federal Reserve BANK
of New York. The redoubtable J2hh
Skelton williams. former ComptroiIer
The Washington times., 1921-10-19
Banking Institute Wants
One Thousand Members

One Thousand Members is the slogan the Washington
Chapter American Institute of Banking starts its fall cam
paign with today.
The Washington times., 1921-10-19
Postal Deposits Interest.

An Increase from 2 per cent 10 8
per cent in interest paid on deposits
by the United States postal system
has been asked by CORTLAND Smith,
secretary of postal saving system OF
the Postoffice Department, of the
House Committee on Postoffices and
Post Roads.
He has also asked that the maximum
deposits permitted be increased. He
contends that the increase asked for
would not interfere with the saving
banks of the country.
The Washington times., 1921-10-19
Treasury Expenditures.

The Treasury Department states
that ordinary expenditures for the
month of September, 1921, aggregated
$266, ,523,932; from July l. 1921, to Sep
tember 80, 1921, S879, 500. $40; from duly
1, 1920, to September 80, 1920, ST.
250S49,556.
The Washington times., 1921-10-19
A Pertinent Incident.

Let me here relate a pertinent in
cident:
Mr.. Cases predecessor in the Fed
eral Reserve Bank received a very
unusual salary. He was a man of
unusual breadth and ability. When
very important financial position
had to be filled, a committee of lead
ing bankers was appointed to select
the ideal man.
They finally picked Mr.. Tremaine.
OF the Federal Reserve Bank, and of.
fered him three times the salary ht'
was then receiving. Because OF the
auasi.public nature Of the work he was
then doing, however. he felt compelled
to refuse the offer.
The public affairs OF. this country
Internationally would be administered
better were the Government and gov
ernmental bodies to pay larger sal
aries. There have been few changes
In the salaries paid for Government
positions during these recent years
when the cost Of living doubled and
when wages in many industries were
increased anywhere from rs per cent
to 100 per cent.
For example. the average pay OF the
country's railway employees increased
no less than 1879 per cent, and the
wages OF steel workers rose about the
same amount. as also did the pay "
anthracite coal miners.
In many industrial concerns rrofit.
sharing plans were introduced. and the
amounts received by important execu-
tives sometimes reached very large
figures. Most financial institutions
inaugurated bonus systems for both
clerical forces and officers. But Gov.
ernment salaries, as a rule, have stood
still.
The Washington times., 1921-10-19
rAupHSs~Hnnn sRsaM BUSINESS AND FIJI JAN CE
Local Stocks.

SALES.
Capital Traction. 2bQs7h, 2bgTh'
25Qs7h.
Mergenthaler. SQl22h.
After call
Washington Railway 4s. $1,000
5sh. sl.00Oq6sh.
MONEY.
Call loans, s and 8 per cent.
The Washington times., 1921-10-19

Specialists are watching Pierce
Arrow closely and believe II the
stock rises above II the patient
can bt regarded as on the road tc
full recovery.
The Washington times., 1921-10-19

Those who persistently advise buy
ing the rails on prospects OF big
earnings are those who moan the
loudes' that the cost Of labor will
bankrupt every road
The Washington times., 1921-10-19

BONDS.
pITRIIC uTIIIT
The New York herald., 1921-02-21
FIRE CAUSES SIS, 900
DAMAGE IN BROADWAY
Breaks Out on Second Floor
at 39th Street Corner.

Fire which. according 20 several per-
sons In the building. was preceded by an
explosion. caused $4,000 damage ycster-
day 10 the eight story Broadway and
Thirty-ninth Street Building Robert
Massey, elevator operator, did not dis
cover 1t until the halls were full Of
smoke. He ran the car TO the roof Civ
ing the alarm on each floor. and carried
down May Reid, model employed by
the Volpea Company. who wae in the
companys studio on the sixth floor, and
a dozen other persons
w A. Elmore. head OF the belmont
Trading Company. was in his office on
the fourth floor conferring with n sales
man, Franklin Jerome. Both men
thought they heard an explosion They
went down by the fire escape.
A man who was not identified was
found wandering about confuscdly in the
smoke on the second floor and was ear
ried out by firemon. smoky" Joe Mar
tin. assistant fire chief, said the fire
started on the second floor In tho offices
OF the Claridge Clothing Company Po-
lice reserves wero called 10 keep en- order
crowd Of about 5000 which gathered
about the building
The New York herald., 1921-02-21
SEEN
IN REPORT OF BANK
OF NORTH DAKOTA
Funds Shrinking Rapidly
in NOn-Partisan Leagues
Favored Institution.
STATE TREASURY BARE
Independents Framing an
Appeal for Recall in
Event OF Deadlock.
TOWNLEY STAYS AWAY
Lemke Fighting to Save Stu
alton for Farmers Fac
tiOnal Party.
STATE TREASURY BARE
TOWNLEY STAYS AWAY

Special Despatch to THE NEW YORK llEP>Lu.
BISMARCK, n. D., Feb. 20.-Events in
North Dakota are moving swiftly. The
Bank of North Dakota, heralded in the
Non-Partisan League prospectus as the
cornerstone of its industrial programme
is undergoing progressive liquidation.
It's monthly statement, dated February
Is, and made public to-day, shows the
rapid shrinkage of the banks funds and
clearly disproves the statements of State
officials who have said the banks plight
is due TO the refusal of other banks to
settle their accounts with it.
Independents are laying the founda-
ton for a recall election. which proba-
bly, will be held in May. Non-Partisan
leaders have admitted privately that
they cannot expect to win in such an
election. For that reason they may yet
agree to the terms laid down by the In
dependents in a series of bills before the
lower House of the Legislature. These
terms are now called impossible by the
great bulk of the Leaguers, because
they involve surrender of control of the
Industrial Commission by the league.
AS tho State Treasury is practically
empty and there is no immediate pros
pect of being able to pay ordinary bllls
and meet standing appropriations, the
House, controlled by the Independents,
in the next few days probably Will issue
formal notice to the state that there Is
a deadlock in State affairs and that the
only solution is a cleanup. IL necessary
through a recall election.
The New York herald., 1921-02-21

funds 10 be deposited in national or
States banks within the State and pro-
viding for publicity for such deposits
Reorganizing the Industrial Commits
sion so it shall consist of Secretary of
state Thomas Hall, State Treasurer John
Steen and John n. Hagen, Commissioner
of Agriculture and Labor. Hall and
Steen are Independents. 1t also allows
S2,000,!000 for completion of the mill
and elevator at Grand Forks. and $780,
zoe to clean up the affairs of the home
building associations.
The third measure created a rural
credits board, as in South Dakota, taking
over the farm loan business now done
by the Bank of North Dakota and pro-
viding for the issuance of real estate
series" State bonds to provide money for
farm loans.
A fourth bill to be introduced will
provide for liquidation of the Bank of
North Dakota. This is to be given to a
board of trustees, of which State Treas
urer John Steen probably will be the
head.
All these bills will be passed by the
Independent majority in the lower House
and probably will be killed in the Sen
ate, where the league has one majority.
This will leave the situation with no
solution except recall.
The Bank of North Dakota statement
issued to-day informs the public that the
State or North Dakota is offering for
sale $6,200,000 worth of it's bonds for the
promotion of certain activities. These
are the bonds that a league delegation
tried unsuccessfully to dispose of in
Minneapolis this week. and $2,000,000 of
them are bonds sold by the Industrial
Commission to the Bank of North Da-
kota for its cancelled check, as already
described. The statement ends with
language indicating some Willingness to
amend the State laws so the bonds will
be more satisfactory security.
The New York herald., 1921-02-21
Is Kept in Strict secIusion.

Among the callers yesterday were Pas
quale Amato, Giuseppe de Luca and An
tonic Scott. None of them was allowed
to see Caruso. He will be kept in abso-
lutte seclusion, except for the members
Of the family, for several days.
Caruso's continued Improvement has
resulted in a decided change in the at
mosphere of the Vanderbilt After the
relapse of last Tuesday night the place
had the atmosphere Of impending grief
about 1t. The people in the lobby seemed
afraid to converse aloud as though they
believed it might in some way disturb
the sick man eighteen floors above.
But now there is a noticeable feeling
OF relief and gayety again reigns.
With the news that the chances are
now in Caruso's favor. the chief topic
OF speculation now is whether he ever
will sing again. Many a debate Is held
on this, but no physician has yet VEN
tured an authoritative opinion. Some Of
them. however. have declared that it
viii be practically impossible for him to
appear in opera again. The pleurisy it
is believed. has weakened his lung power
TO such an extent that il Will be I'm
possible for him TO achieve the tre-
mendous dramatic heights which made
him famous Conversation on this sub
iect is especially rifo i'm and about the
Metropolitan Opera House.
The New York herald., 1921-02-21
CUTTING HORSE POWER
URGED TO SAVE GAS
Petroleum Institute Secretary
Says Public Wants Too Much.

Too much horsepower is the main
cause OF the presentday shortage " OIL
and gasoleue, r. T. Wclch, general scc-
rotary and counsel for the American Pee
troleum Institute said yesterday.
"'The great need" Mr. Wclch said "is
20 curb the demand OF tho American
public 90 have their motor cars develop
20 or so horsepower. although the cars
arc operated generally at about twenty
miles an hour The time has come, from
the oil standpoint, TO build engines that
VIII go twenty 20 thirty miles ON q gall
lon OF Easocne instead u seven 20
twelve miles Tho horsepower must be
cut down and cheaper, lighter cars built
We now have about 100000 automo-
bllcs going IN this country, and soon we
win have from 100000 10 $1,000. 600
using the ordinary grades Of gagolcue.
The immediate problem is 10 use refining
methods TO make an internal combustion
oil out Of the largest practicable fraction
OF crude OIL Tho oil problem Is largely
one OF conservation"
The New York herald., 1921-02-21
BAREFOOTED CHASE IN SNOW
RE WARDS ROBBERS VICTIM
Franklin Mays Pursuit of Negro Sends Fugitive Into
Poicemans Grasp and an Arrest Is Made After
Desperate Fight in Fortieth. Street.

The deep laid plan OF Adolphus Tenn
pie. negro OF 122 West 129th street,
failed yesterday, although the victim
was hampered by the snow and the fact
that Adolphus had compelled him 70 dis
robe of everything except his underwear.
Patrolman Joseph Mckay of the West
Thirtieth street station, on post at Ninth
avenue and Forticth street, was startled
at the sight Of a negro racing toward
him, travelling west in Fortieth street,
pursued by man who was sprinting
through the snow in his bare feet. and
carrying his shoes and trousers in his
hands.
The negro saw the officer and turned
back swiftly, running into his pursuer
and knocking him. lightly clad as he
was, into a snow pile. Patrolman Nc
Kay chased the fugitive to tho roof Of
The New York herald., 1921-02-21

233 West Fortieth street and subdued
him after battle.
At the West Thirtieth street station
the negro, said to be Temple was
charged with the holdup of Franklin
May, 81 years old, Of 242 West Forty
eighth street. May said he was on his
way home when the negro jumped out
of doorway in Fortieth street and
raped him on the head with a black
jack. The blow glanced and did not
stun him.
Il put up my hands" said May, "and
he took $50 and some papers from my
pocket. Then he told me If I had any
respect for my head I'd have TO get out
of my shoes and trousers. suppose he
thought this would make me helpless,
but he thought wrong. III say, though,
! never undertook a barefoot dash
through the snow on a Sunday morning
before"
The New York herald., 1921-02-21
ADJUSTMENTS.
NJ E TR OI.ITAN


NJ E T r OP OLIT AN f9pE-sA; 3rERA
TONIGHT at s:15. BOHEME. Bori, Ro-
sele; Hachett, Scott. Martino, Picco-Papi.
WASH. B'DAY MAT. at /, PARSIFAL.
Matzenauer; Sembach Whitehill. Blass,
Leonhardt, Gustafson-Bodanzky.
TUES: EVE. at 8. GALA PERFORMANCE.
EUROPEAN RELIEF COUNCIL. CARMEN.
lFarrar, Miriam, Call; Martinelli Mardones. j
Rothter.-Wolff Followed by TABLEAU.
WE'D. s. CLEOPATRA's NIGHT, Aida;
Kingston. Cond. Hadley. COO DOR. Scot
ney, sundelius. CALI; Diaz, Didur. Bolm-
Bamboschek.
THURS. at 8. LOUISE. Farrar, Merat
Harold Whitehill. Diaz-wolff.
FRI DON CARLOS. Ponselle Gordon CALI
Marinelli. De Luca, Didur. Gustafson-Papi.
SAT- ANDRE CHENIER. Muzo. .Howar rd.
Dalossy Perini, ,Gigli ,Danise Ddur-Moranzoni.
SAT, s. p.Prices, SAMSON EFT DALILA.
Matzenauer ;Sembach ,Amato .Mordanes-Wolff
NENT MON. at s, MANON. Farrar, CALI:
racket Chalmers, Rothier, Ananian-Wolff.
THURS. MAR. 8, sPL. MAT. 81 to IS. |
BUTTERFLY. Farrar. .Fornia ;Crimi Scott.
Bada-Moranzonl. Seat sale begins to-m'w.
HARDMAN PIANO USED.