davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-06-24
BANKERS ASK MORE.
HELP IN HOME TRADE
Middle West Financiers Give
Views on Business to Harding
at White House Dinner.

WASHINGTON, June 23.-The attitude
of middle Western bankers and imam
ciers toward the present business situ-
alton, was detailed 70 Presiden' HAr-
ding tonight at the second OF his con-
ferences o; "best financial minds
A score of prominent figures in the
middle Western business world We're
the Presidents dinner guests, and they
are undertood to have given to him
advice regarding the particular needs
Of the domestic. international ana
money market. The viewpoint Of the
international bankers group was pre-
sented at a similar dinner several weeks
ago.
Although details OF what occurred
during the conference were held in ccn-
fidence, it was indicated that the con-
servation OF American home trade as
distinguished from expansion OF exports
furnished one OF the principal subjects
Of debate. The export side is said to
have been emphasized at the flrst dinner.
where Eastern bankers made up the
company. and some OF those present to-
night are understood to have impressed
on the President the necessity OF giving
adequate attention also to domestic re-
habilitation.
As at the previous dinner, Secretary
Mellon Of the Treasury and Secretary
Hoover OF the Commerce Department
were among the Presidents guests. The
others were:
John Sherwin, chairman, Union Trust
Company. Cleveland; f. II. Goff, presi-
dent Cleveland Trust Company: W. g.
Rowe, president First National Bunk OF
Cincinnati; George M. Reynolds. chair
man Continental and Commercial Ma
tional Bank, Chicago; Frank o. Wet
more, president First National Bank Of
Chicago; Il. d. Hubert, president Mer-
chants Loan and Trust Company. Chi
cago John J. Mitchell, chairman Illinois
Trust and Savings Bank. Chicago Rich
ard S. Hawes. vice-president First Ma
tional Bank st. Louis: Z. G. Lonsda,e,
president National Bank OF Commerce.
st. Louis: e. F. Swinney, president
Omaha National Bank; George Fl.
Prince, chairman Merchants National
Bank. ST. Paul; John S. Drum. presi-
dent Mercantile Trust Company. San
Francisco John r. Scott. president First
National Bank Houston; oliver G. Full
ler president First Wisconsin National
Bank, Milwaukee: Festus ]. Wade,
president Mercantile Trust Company, st.
Louis; w. w. Head, Omaha Netional
Bank. Omaha; John W. Barton. Metro
poiitan National Bank, Minneapolis Z;
Charles G. Dawes. chairman Central
Trust Company, Chicago: William t.
Abbott, Central Trust Company. Chi
cago; John r. Mitchell, Federal Reserve
Board Milton z. Abeles. Riggs National
Bank, Washington.
The New York herald., 1921-06-24
Based on wrong Theory.

1T is based upon principle that is
wrong and upon g wrong theory and
YOU make a mistake If you think ihe
American soldier Will be satisfied with
$50 on July 1. 1922. and $50 thereafter
for each succeeding four months. and
call that compensation for his willing
ness to sacrifice himself in the great
war.
This bill deceives the American SOL
dier. Every soldier who has written to
me thinks he will get $500 or $500 as
soon as the bill is passed and will put
il in his pocket. By the time they rea-
lize the alleged benefits .n this bill, their
crisis will be over and they will be back
In their normal pre-war conditions in
industry and business.
1T Is utterly unjust to the soldier,
unjust to the taxpayer and discreditable
to the United States Senate This re-
port OF the committee says the post
ponement OF payment will give us time
TO estimate the Treasury deficit. 1t may
do that but it will not give US time
10 take care OF the deficit. According
to. the programme before us, the Treas
ury Will be in no better condition one
year from now than to-day. The report
suggests that by reasonable economy
we Will be able to meet the liability
Like Mr.. Micawber. we are simply wait
ing for something TO turn up"
Senator Borah ridculed the proposal
70 pay the bonus out OF foreign loans.
He said many of the debtor nations
cannot pay even the interest now, or the
principal for ten years.
The only substance to this proposal"
he continued, lis that we shall ask I'M
pecunious and practically insolYent ma
tions TO pay an alleged obligation to
the American soldier. The Finance Com
mittee. as representing the good faith
OF this body, should take this bill back
10 the committee and bring in real
bill that we dare defend, based on our
resources and our willingness to pay.
and not put 1t upon the foreigner or
posterity. I want to ask those who can
speak with authority II they regard this
as an expression of the good faith OF
the Republican party toward the Ameri-
can soldier"
The New York herald., 1921-06-24
SCHLESINGER WILL
HANDLE SHIP CLAIMS
Suits for $780, 100000 Are
Pending Against Board.

Special Despatch to THE NEW York HERALD.
New York Herald Bureau,l
Washingtsn. ID. O., Juno 20.
Elmer Schiesinger. who has just been
appointed general counsel for the United
States Shipping Board, was born In Chi
cago on November 20. 1880. lie was
graduated from Harvard in 1901 and
from the Harvard Law School in 1909
lie entered the firm OF Mayer, Meyer.
Austrian & Platt of Chicago. in 1903
and became member OF the firm in
1911 and has been identified with II ever
since. During Mr.. Schlesingers service
with the firm he was intrusted with the
representation OF many important inter-
ests.
Mr.. Schlesinger has been active in Re-
publican politics in Illinois. but has
never held public office. lie will take
charge OF the legal department OF the
Shipping Board at the Invitation OF
Chairman Lasker
As an indication OF the Importance of
the position II may be noted that claims
are pending against the board which
amount 10 more than $500, 900 0oo.
The New York herald., 1921-06-24
TO PLAY GOLF
AND REST ON FOURTH
To Pass Holiday in Home of
Senator Frelinghuysen.

President Harding will deliver no
Fourth OF July grafton. With Mrs. Har-
ding. Gen. and Mrs. Sawyer, Speaker
and Mrs. Gillett and Senator Hale OF
Maine he will spend the holiday at the
summer home OF United States Senator
Joseph s. F'relihs shuysen of New Jersey.
The follow ing announcement was
made yesterday at Senator Frelinghuy-
sens summer home. between Raritan
and Somerville.
The President and his party will ar
rive here Friday evening July 4. and de-
part July 5. lie will play golf on Sat
urday and Monday and will attend SER
vice in the Third Reformed Church in
Rarltan Sunday morning No visitors
will be permitted TO see the President,
but he will be glad to shake hands with
any ono so desiring after the exercises
on July 4"
The New York herald., 1921-06-24

law. but now controls the American
chemical dye industry, with assets OF
approx imately 100000. 900.
Francis p. Garvan. former alien prop
erty custodian, while acting as Gov
ernment official. has been charged with
selling 1000 patents of foreign chemicals
and dye stuffs taken over by him as
Government custodian and valued at
n any millions OF dollars. to said CheIni-
cal Foundst ton trust FOR $25o,600, after
having sold 1000 other chemical and
dye patents to the Grasselli Chemical
Company OF Ohio for s5.400,000.
Garvan is now president OF the Cheni-
cal Foundation, TO which he sold these
patents and formulas Tor s250,000.
The New York herald., 1921-06-24
Canada's Birth Rate
Is Double Mortality

OTTAWA, Ontario, June "a
Canada's birth rate for 1920
was 27.47 per 1000, as against a
death rate of 1881.
The marriage rate during the
same period was S.94 per 1000.
These figures We're announced to-
day by the Dominion Bureau of
Statistics.
The New York herald., 1921-06-24
ALIEN BILL ADVANCED.

WAsT1NGToN, June 23.---Favorable
report was ordered to-day by the Senate
Immigration Cormittee of the House
bill permitting admittsnce Of between
eight and ter thousand aliens who sailed
for this country without knowledge Of
the new Immigration restriction law ana
who have already been admitted tenn
porarily and charged against future
quotas under the new laws
The New York herald., 1921-06-24


MISS ALICE ROBERTSON,
Republican Representative
from Oklahoma, suggested to the
House to-day one means of re-
ducing governmental expendi-
lures. Her advice was: "Stop
talking and the bill for printing
the Congressional Record will be
reduced"
Representatives applauded the
finding of a woman who did not
want to talk, but they kept right
on Grating"
Five hours was spent in de-
bate on an amendment to the
farm loan act, which Representa-
tive Mclaughlin (Neb.) said
would not be opposed by a dozen
members.
II am not going to talk much,
for l realize that silence truly is
golden and that every extra word
we speak here makes that much
more expense to the Govern
ment," said Miss Robertson.
"Some of us should begin-sas |
shall begin right now--to save
money by stopping talking"
The New York herald., 1921-06-24
TO DOUBLE PHILIPPINE DEBT.
Senators Favor House Bill Permit
ting Bond Issue.

WASHINGTON. June %. Favorable re-
port was ordered to day by the Senate
Committee on Territories and Insular
Possessions on the House bill TO permit
the Territorial Government OF the Philip
pine Islands TO increase it's bonded in
Gebtedness s15,oo0,0oo. to $4,000. 900.
Prompt action on the bill will be
sought by Chairman New.
The New York herald., 1921-06-24

ing next December must In the ensuing
six months make the appropriations for
the fiscal year ending June so, 1929.
Let us see what Congress has done
to give the Director OF the Budget the
machinery TO attempt this colossal task
which IL we are to get any material
relief even so late as the fiscal year
ending June so. 1928. must be practi-
caliy completed by December l OF this
year. He is given an appropriation of
s225.00 for expenses and employees
and an assistant in each department
appointed by the Cabinet head. But
from the $225,000 appropriations. be-
sides the assistant TO the Director of
the Budget. be can employ for this stu
pendous work only four men of his
own selection at not over $4,000 each
For the rest of his force he is COM
pelled to take his chances on men to
be certified to him by the Civil Service
Commission.
"One might as well be handed a
toothpicl< with which to tunnel Pixies
Peak. It is evident il this. the greatest
business crisis which our Government
has ever confronted. 10 10 be properly
met chief reliance VIII have to be
placed on something else than the pitt
full machinery provided by law with
which TO exercise the wide powers ex-
tended to the Budget Bureau.
81 am therefore accepting the position
Of Director OF the Budget only with the
idea that the patriotism Of the bureau
chiefs and the country as a whole can
be so aroused in this emergency that il
will be met as was the emergency of
war four years ago.
The New York herald., 1921-06-24
Help for Director, Aids.

When we call into the service the
budget representatives, they will be met
by body OF bureau chiefs who have
been asked under authority OF the
President to think IN terms OF their Gov
ernments interest, and who IN my judg-
ment will be not only willing but eager
to lay before them the suggestions and
information which must 30 largely form
the basis OF the final conclusions OF the
Budget Bureau.
ITO these business men whom the
President viii call TO Join with him, with
the Cabinet. with the Congressional COM
mittee or reorganization. with the
Budget Bureau. and. above all with the
bureau chiefs in founding thc first
great national budget ] have this to
sai When tie call came TO me to
take this place ] had the same alb
horrence Of the thought OF leaving pri-
vate life Co engage in such q task as
you have Only the thought firnt if J
The New York herald., 1921-06-24
Embargo Cost 100000, Charge.

"It mas been disclosed in the Senate
that sieo 900 was spent by American
dye interests TO secure the existing dye
embargo and license legislation" said
Mr.. Frear
The chemical dye trust. represented
by name as the Chemical Foundation, is
reported to have endeavored 10 escape
the provisions OF the Sherman antitrust
The New York herald., 1921-06-24
Dawes Outlines His Task.

"Why, the only way 20 tackle this
thing is to go at il as one would with
4 pitchfork in a haymow. / realize the
cnornlty OF the task and I am not going
around here boasting about what we
are going 70 accomplish. The thing for
uS do is 10 roll UP our sleeves and
pitcn in ana work like he'll until the
Job is hnished. That Is the job cut
out for us And We are not going 60
shirk 1t, either; you can put that down.
Heads OF bureaus have been FOUNDER
ing around not knowing where they are
at. making extrsvagant estimates and
getting away with il. That day Is gone.
II am going 10 call in our bureau
chiefs and the law Is 10 be laid down
10 them. They are going to cooperate
don't forget that. They have been will
ing to cooperate In saving reckless ex-
penditures sll along but they have had
no method cut out for them by which
TO do Il. Now they will simply get in
line and all Of them will pull together
10 cut out this wasting of the peoples
money. II is going 10 be a new day
sure enough for these Government bu-
feau chiefs"
Mr.. Dawes INDUCED in more plain
language in his statement made public
after seeing tho President lie sah:
I'VE all know the desperate condition
or the business or the country 81 pfeS-
ont---industrial agricultural and COM
mercial--and that It is staggering un-
der tremendous burden OF taxation
from which Il must be relieved II II is
TO properly revive. Congress has passed
the budget law In order to give the
President machinery with which 20 Sc
cure the Information necessary for him
20 direca the reform of Government
business administrator and rave taxes.
He asks me 20 become the Director Of
the Budget Bureau. whose FIRST and most
important duty under this law is 60 sug-
gest an alternative budget-that IS a
more economical budget--for the fiscal
year ending June 80. 1923.
This alternative budget the Presi-
dent IS directed 10 recommend to Con-
sress on the first Monday OF December.
FIVE months from this date. In other
words the President Is depending on
the Budget Bureau within this short
time TO make a survey o. cur vast gov
srnmental business activities and 10
suesest improvements therein involving
economies. with an estimate of their
financial effect. The Congress conven-
The New York herald., 1921-06-24
DaUes, Handicapped,
to Ask for Volunteers.

BY the time he formally takes Office
on July Charles q. Dawes OF Chicago,
whom President Harding has selected to
MI the new post of Director OF the Bud
get. will have all OF the machinery of
his office In running order go that he can
get TO work upon the preparation OF
economical estimates for the expenses
OF the various Government departments
and agencies to be submitted to Con-
gress next fall. Mr.. Dawes called on
President Harding and Secretary of the
Treasury Mellon to-day and received
their assurances OF cooperation in per-
forming his duties.
Mr. Dawes, after he had talked with
the President. issued = statement in
which he frankly said that II anything
important was to be done reliance must
te placed on something more than the
'pitiful machinery provided by Con-
Cress in the budget law. He said he
would ask some experienced business
men TO give their services free to the
Government.
He has requested that two army off,
GERS who We're with him in France
Brig. Gen. George Van H. Moseley, for
mer Assistant Chief of STAFF in Gen. Per-
shing's headquarters. and Col. Henry
Srnithers, formerly Assistant Chief Of
staff in the service Of supply-be as
signed TO his Office. lie also has asked
William T. Abbott. his business asso-
ciate in Chicago. to serve temporarily as
Assistant Director OF the Budget
.T. Dawes is noted for his plain
So king. He earned the name OF Hell
~ q Mariah" when he appeared before
o. Of the House committees investigat-
ff war expenditures because OF the
q tsuency with which he used that ex-
preston in speaking OF Government ex-
travagance. A NEW YORK HERALD re-
porter talked with him to-day and he
did not try to minimize the task ne has
undertaken at the Presidents request
This Is n hell OF a job" he said.
I'VE simply must conscript the best busi-
ness brains in the United States and
get to work on il and pull things out
OF tnc muck and mire.
The New York herald., 1921-06-24

declined the President call in a time
OF business emergency like this ] would
regard myseiI as n pusillanimous quit
Ter FOR the balance OF my lie, led me
TO accept.
III there is one os YOU who, after
enjoying me benefits OF great pros
perily. success ana prestige under the
protection OF Government which yoe
c.ann 20 love. declines 10 accept inns
call, except Tor reasons OF mo ana
death, your conscience viii be cursed
by the same convection. However great
the sacrifice, you Will come. When the
tour months OF your service is over,
whether IT is crowned By success or
failure, whether public praise or public
criticism results, you wlil at least nave
been true TO your country
in the minds OF the President, the
Cabinet, the Congress and the pubic
there must exist an absolute confidence
in the -parlisanship, impersonanty
and disinterestedness OF the Budget
bureau, which can never succeed prop
eriy II it becomes involved in contro-
versy. public or private, with the heads
OF the departments.
The New York herald., 1921-06-24
Economy of Words Urged
In Congress by Woman
New York Herald Burcau,
Washington, ID. c.. june 20.

Special Despatch 10 THE NEW YcsK
lIrxALp
The New York herald., 1921-06-24
To Seek Aid of Bureau Heads.

LAS soon as possible pending the or
ganization of my office and before Au-
gust I, will call together all the bureau
chiefs Of the departments in Washing
ton and their assistants. and explain
my purposes. They and they alone
being I'm intimate contact with current
governmental business. and each fully
cognizant of the situation in his own
bureau, must form the chief basis OF
the hope OF the President of Congress
and OF our people, for the accomplish
ment Of this work by December 1. Called
before the representatives of the Budget
Bureau. who IL they respond 10 this ap-
peal. will include the best business minds
OF the nation, they must furnish the in
| formation and in many cases the sug
g<stions OF the changes In methods to
! insure economy through coordination.
Outside MEN, of whatever command
\ ing ability and prestige. cannot go into
the vitals OF Government business ad-
ministration in five months unless the
bureau chiefs cooperate 10 the last de-
gree. In advance OF my appeal 20 them
collectively. l predict from them not
only cooperation. but the initiation OF
suggestions for economies TO the budget
I representatives 1t is not TO my call
I that they will respond, but 20 that OF
| the President OF the United States OF
/ Congress and OF the American people.
1T is inconceivable that the budget
representatives who seek only informa-
ton for the use OF the President who
is assuming business leadership for the
good OF the Republic. should be opposed
in their quest No penalty can be too
severe or too inexorsbly pressed if op-
position should anywhere develop.
will say here that whenever a suggestion
for coordination made by a bureau chief
In adopted by the Budget Bureau as q
policy 20 be recommended 10 the Presi-
dent. Il will bear his name aud not tina;
Of the officers OF the budget who, after
ell. act largely as a clearing house for
the transmission OF the brains and in
dustry OF others.
The New York herald., 1921-06-24
Appeals 10 Patriotism.

UNLESS the bureau chiefs OF the de-
partments and the leading business men
Of the country respond to the call OF the
President as they did four years ago
the situation is hopeless 50 far as any
material relief for two years is con-
cerned from this source.
I'm an emergency the conventional
must be brushed aside. Contrary to the
rules of common sense and propriety in
the ordinary situation OF an incoming
official | must announce my pro-
gra.nnae OF inauguratipg budget in adj
vance. because II can only be carried
out by an appeal to patriotism. There
is no reason why In five months a
proper budget cannot be made If the
bureau chiefs and American business
men are made Of the same stuff as were
their sons in the last war Ny plan Is
this: propose to organize my office
so far as I can go under the law as
quickly as possible after selecting the
only four men on whose qualifications
for service the law presuuaes me capable
OF passing.
The first of these will be my business
associate. William r. Abbott. who as
acting assistant director, will for a few
months aid me in the organization Of
the work pending the selection OF per-
manent assistant director. Besides them
] shall ask the War Department for the
detail of two great coordinators---Gen.
George Van Horn Moseley. Assistant
Chief Of Staff, and Col. Henry Smither.
Assistant Chief OF Staff. On or before
August shall ask the President to
invite number OF leading American
business men TO come TO Washington
to serve without compensation in an ad-
visory capacity to the Budget Bureau.
These gentlemen at first will be assigned
to the different departments to advise
and cooperate with the respective budget
officers thereof during the progress OF
their work Later corcurrently they
will advise with the Director of the
Budget.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-06-26

NEW YORK. Iune 2s.--prima mrr-
camille paper eAsaM Der cent Ex-
change irregular. Sterling 80 day ILLS
and commercial. 90 day bills ca banks.
s.sas commercial GO day bills a.esN I:
demand. s.T3Ss cables. s.Tsis
Francsi demand. T.oas cables. s.oi.
Belgian francs demand. 7aT. ca
hes. 1.sa.
0nnderss demand aa.sa. cables s1.R1.
Lire. demand. sss. rahles. s.sd.
MARKS. demand. t.ass cables. lis.
Greece. daEnand. ass.
Sweden. demand. g43n.
Norway. demand. I&96.
Arwentlna. demand. aosT.
Brasil demand. IL Sc.
MontreaL ~ ale Per cert dineount
oovernment and raiiro41 bends
STEADY.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-06-26
MISS HELEN OLSEN
Ho8TESa AT TACkg pAETy

one 81 che most noYel events II the
past week was taciSy party given oy
Mss Helen Olsen al her home on =.
Gnswofyf-sf.
one ~ the features 81 the party was
TIE plnning ~ the donkey'a tail. the
fret prize being awarded 70 Miss In
ne Bell Lindsay. There uwre also
prizes for the farkiest costume. Miss
Mary Louise Robson and NN4Iiia Daily
winning first prizes.
Ti@ae enjoying the evening with the
hostess were. Misses Mary Louise
Robson. Jaunita Robson. Katie Daily.
Nary Williams Christina Ninamia.
Lille Ben Lindsay. Helen Way. Alice
walker, Ophelia casey. Messrs. willie
Daly, Naldcmar Brocharvlmk. Eugene
Hesington. Maurice VIlamle. Aubray
hall Charles Pyle. Rufus Lindsay.
Eiener Hebcnstrlfe.
Mrs. Charles Olsen. mother or the
hostess. was assisted IN serving BY
Mrs. GA. r. Wise.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-06-26

AR. John Z Condor - Mobile o.
apendinR the week -end with his son.
Agr. Thomas NJ. Condor and family az
their home on ~. iSth-ava.
Mrs. W1lford McAsilliaa ieft Fri-
aav FOR several months Wait with rCla-
tives and friends.
Afr. and Afra. Mobiles q Mobile
leave Cor their home today BY motor
after a short visit % their son, Lee
MOBILES.
~. ID. Anderson - expected home
today from IackHonviiie where be has
been on business.
Mr.. McKinnon - tie Mckinnon
Music IIouaA returned to1ay frum
Panama City.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-06-26
GAY PARTY 10 FLoaioArowM.

Friday evening q party ~ penaa- o.
collans made trip 70 FIorsaatoun in
two speed boats.
Dancing was enjoyed ~ the big pa
WILTON and later a picnic luncheon was
served.
IN the party were Mr. and Mrs
+ ]. salter. Mrs Ralph chr stan,
ARE. Fred sinterH. Misses LILLIAN
UorvalL Jeanette Slnters. Rosaioe
Brown. Eta Anderson. Agnes Ander-
son. Edna Chnttman. Modesto Brew
tor. Edna Stacy. and Edna Peterson
Billy Keys ia. johnson. sticks vlilar.
sam Lai}0na, Ralph sNaIne. Tom
Bowea. Ralph Christian. SAINT nuisey.
Glenn Patrick. HGl Davidson.