davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
: GUARDS HELD
AS L0OTERSOF
CHICAGO BANK
Three Others Also Taken In
$25O,OOO Robbery From
Safety Deposit Vaults.
BY international News Service.

CHICAGO, Aug. 29.-tive men
two watchmen and three others
whose identity the police are ron
cealing-are held today in connec-
ton with the robbery of safety de-
post vaults in the Masonic Tempe.
Loot obtained in the robbery is esti-
mated at as high as S250,00O.
Ernest Weber and Milton Jonas
are the guards held. Chief OF De-
tectives Hughes declares they have
told contradictory stories.
According to the present police
version of the affair. the three men
approached Weber, the outer guard
at the vault, and one of them asked
to rent safety deposit vault, Weber
accepted payment for the vault and
gave the men n card admitting them.
Inside the men are said to have
drawn guns, bound and gagged Jonas
and proceeded to break open nine
teen boxes with hammers and
chisels.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
EDITED BY
WILLIAM M. CONRAD
Railroads SholU Good
Net Earning Increase

analysis of railroad operation for the first six months
of 1921 just completed by the Bureau of Railway Econom
ics shows that the increased net earnings, compared
with the same period of 1920 due largely to a
decrease in such would have to be resumed
if business were to revive toward normal
This was especially noteworthy in May and June
Of these economics As per cent $4448799) in
June reduction in operating expenses and So cent
1854 $500 from deferrng of maintenance both of right
of way and equipment
So far this year, in other words owing to light business
fewer trains have been rum less coal used and fewer men
employed without however, reduction of wage rates
There was also large reduction in the amount of
eria used such ties rails other track material etc.,
and fewer bad order and engines put condition
In the analysis it is pointed out that reduction in
transportation costs necessarily follows falling volume
of business but that reduction in maintenance merely
posponement of expenditures that must be made later
the roads are to be adequately maintained.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
NICARAGUAN SOLDIERS
IN BATTLE WITH REBELS
FURNISHED by Redmond & Co.

MANAGUA, Nicaragua, Aug. 90
Heavy fighting between government
forces and revolutionists has taken
place at FL Sauce. fifty miles north OF
Leon. The government now has a
large force of men under arms.
Many persons have been arrested for
political activities. The government
has issued a decree announcing 20
per cent reduction in the salaries of
government employees and for the clos.
ing OF the public schools. These steps
are TO be taken as measures of econ.
omy necessary because Of the revolu.
ton.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
GLOBE TROTTER TO END
3OO,OOO-MIlE WALK SOON

YORK, Pa, Aug. 29.-Claiming to
he on the last lap of 300, O00-mile
hike, Edward T. Lambergh, globe
trotter, who passed through York
in 1902 and 1912, has again arrived
here.
Lambergh IL a guest Of the York
Lodge of Elks. He claims to have
walked 270,s00 miles and expects to
finish his jaunt on July IL, 1924. At
the conclusion he declared, he will
receive s66, 900 from the international
Medical Association of Central Eu-
rope for proving that with less food
and more exercise the body can be
kept in first-class physical condition.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
Wall Street Gossip

l it has been 50 per cent on basis
Of reduced prices.
Operations of the Colorado Fuel and
Iron Company have been curtailed as a,
result of requests for suspended de-
livery for much OF the steel and coal
business on it's books. according to
statement to it's stockholders by j. +.
Welborn, president Of the company.
The company's rail mill was closed
in August because of the inability of
the roads to take shipments. and will
not be resumed until October.
That shutdown necessitated a cur
tailment in other directions. The com
pany's business was handicapped Sc
verely by June's flood in the Arkansas
valley.
THE management feels, Mr.. Wei
born dealers, that operations at
our mills so far this year have been
on a basis to compare favorable with
Eastern plants"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
marlborough Rapid Transi
Miller Rubber Defers.

The Miller Rubber Company has de.
ferred the regular quarterly dividend
on the preferred stock due at this time
in order to conserve cash.
According to William Pfeiffer, pres
ident of the company. Indebtedness
has been reduced from sS,676.000 10
s., 400 900 since the first OF the year.
OF the amount still due, sl,400,000 is
owed TO banks.
Against this the company is stated
to have accounts receivable of $780,
900 and 81 200, 900 cash.
During the first five months OF the
year business was 55 per cent OF the
same period of last year. Since June
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
A New Scheme Every Minute.

n F.-Any information you can
Give me of the Funding Syndicate VI
Pittsburgh would be gratefully re-
ceived Do you consider II worth
while taking a chance on couple OF
hundred dollars worth OF STOCK 4
should also like to know something
about Simms Petroleum and Allied
Oil.
Answer-This so-called syndicate
snpears to have been organized as
holding and sales service enterprise
whose objects ARE the development
of business enterprises and the pro
motion of real estate
The promoters are issuing bO0,Ooo
shares preferred and 100000 shares
common stock at 81 par.
The first scheme to be promoted
was prospect mining company
shares are to be sold to provide
working capital. as the promoters
themselves evidently haven't any OF
their own, and expect the public to
furnish IL.
II the organizers had first made
a. success of the enterprise, risking
their own money in IT meanwhile.
thus eliminating major portion OF
the hazard. they might have bet
ter right to expect the public to step
up and buy stock.
As IL Is now, II looks like a neb-
ulous speculation, with stress laid
on nebulous: =,
Neither Simms Petroleum nor Al
lied Oil are recommended.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
Chicago Grain and Provisions.

CHICAGO, Aug. 29.-Wheat opened
unchanged to Y higher: corn I'M
changed to "a lower; oats unchanged
to u higher; provisions slightly
higher.
Opening:
Wheat-September 1.21 91.21A; De-
cember. 1.23k @1.23; May, 1.26h a
1.26%.
Corn-September, san 654&; De-
cember, 54%@541a; May, 57% ass.
Oats-September, 34h 935; Decem.
ber. 3Sk 63Sas; May, AK.
Lard-October, 11.45; January. $50.
Ribs-September, 9.22; October, $40.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
Foreign Exchange.

NEW YORK, Aug. 29.-The foreign
exchange market opened firm this
morning, with demand sterling "
cent higher at 1891. Francs rose
one centime to 7.76 for cables and 7.I5
for checks. Lires were 2 points
higher to 4.29 for cables and 4.2s for
checks. Belgians were i " centimes
higher to 1924 for cables, and ISL u
for checks.
Other quotations are: Guilder cables.
81 80; checks, 1928; Sweden knonen
cables, Piss; checks. 21.60; marks,
1.14h.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
LIVERPOOL Cotton Market.

LIVERPOOL, Aug. 29.-There was
a good inquiry for spot cotton at the
opening this morning. Price were
firm. sales were 10000 bales.
American middlings fair. 12.44; good
1914; fully middlings, 1894;
994; low middlings, 914;
good ordinary, STA; ordinary. 7.39.
Futures opened steady.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
Richmond Reserve Bank
Reduces Obligations

Inter-reserve borrowing increased $134SOOO for the
past week. 1t stands at $67569OOO Only borrowing
bank Richmond, of which the Washington banks are a
part reduced its obligations to other banks during
the week under review.
Atlanta made the largest increase in borrowing and
Minneapolis close second The increase in this Dor
rowing at this time of year is surprise.
No improvement is expected before November but the
borrowing is not expected to grow to the
portions attained last year, although lending banks are IN
position to supply all the credit that may be needed and
with little, if any, inconvenience.
The borrowing banks, Richmond Atlanta, Minneapolis
and Dallas all in agricultural districts Two OF them,
Dallas and Atlanta, in the cotton belt Richmond
handles some cotton paper
Minneapolis is in the grain and cattle section and IN
addition has the troubles of North Dakota financial stua
ton to contend with.
Following table shows amounts borrowed within the
system the last two weeks compared with year ago.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
Opposes Texas Plans.

Flood protection improvements for
the Brazos river, Texas, were report
ed on unfavorably in letter to Con.
gress submitted today by General
Beach, chief OF the rivers and harbors
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
Wade Confers With Harding.

conferred with the President today.
IT came here TO talk religion with
the President" was the only COM
ment Wade would make on his visit.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
Liberty Bonds.

NEW YORK, Aug. 29.-Noon Lib
erty bond quotations: avs, 1876;
first AZ, SS7.92; first AIS $3.50;
second AVS, $3.50; third AVS s91.S6;
fourth AVS. $500; Victory AIS.
SaS.7S.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
Local Stock Market.

SALES.
Washington Gas TVS. s50091o2H,
s500@102H.
Washington Gas Light. 5945h, 59
ASH. 5Q45Ik, 5Q45h.
After call
Mergenthaler Linotype. 1Q11SA.
Real Estate Title Insurance Co., 10
Q90. 10000.
Money-Call loan funds offered at z
per cent. with per cent bid.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
New York Clearing House.

NEW YORK, Aug. 29.--Clearing
house statement: Exchanges, $780,
800 900; balances. s42, 500, 900; Federal
Reserve Bank credit balance &3s,.
SOC, 900,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
Opening Cotton Prices.

NEW YORK, Aug. 29.-Cotton
opening prices: October, 15.45; De.
cmbr, 1890; January. 1875; March,
1912; May 1925; July, 1920 bid.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29

REPLIES TO INVESTORS

IN YOU have an Investment prop,
lem. The Times will be glad TO aid
Won Write your name and address
and inclose stamped addressed en-
vsIona- Address the Financial Editor.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-29
Curb Market.

FURNISHED by w. B. Hibbs a Coz
Prices at noon:
New-York tribune., 1921-03-31
La Guardia and HylanA
At Water Bill Hearing
AIdermanic President Tells Sem
ate Committee knight Meas
ure Impairs City's Rights
From a staG Correspondent

Albany, March so.-F. II. La
Guardia, President of the New York
City Board of Aldermen, together with
Mayor Hylan and other city officials,
appeared to-day before the Senate Pub
lie Service Committee in opposition to
the Knight bill, which would give the
State Public Service Commission power
to regulate private water companies.
Mr. La Guardia declared that the
measure would seriously infringe upon
the city's rights, as it would sSest
powers now exercised by the city water
commission with the Public Service
Commission and make it impossible
for the municipality to institute con-
demnation proceedings for water serv-
ice purposes without first going to the
Public Service Commission and secur-
ino its consent.
He charged that the purpose of the
bill was to keep alive the private water
power companies still doing business
in New York City and elsewhere in
the state.
New-York tribune., 1921-03-31
Cooper Union Head Bans
Debs Pardon Meeting
r. Fulton Cutting Says He Ques.
tions Loyalty of Some
Members of Committee

The board of trustees of Cooper
Union have forbidden the use of the
hall for meeting planned to arouse
sentiment in favor of the pardon of
Eugene Debs and others serving SEN
tences for interference with the prose
cution Of the war. r. Fulton Cutting
president of the board, said:
81 have no objection to public meet
ing being called at Cooper Union to
advocate the release of Debs, but dc
object to letting the hall for that pur-
pose to a committee in whose member
ship ! discern the names of individuals
who We're thoroughly disloyal during
the war"
When the committee applied for opcr
dates at Cooper Union April and I
were named as free dates, but when the
list of probable speakers was submitted d
containing the names of Morris Hill.
quit, Philip Frances, the Rev DR.
Holmes, DR.. Magnes and L. II. Rouse
president of the Typographical Union
they were told that Cooper Union die
not want that meeting held there.
The amnesty committee is seeking
another location for the meeting.
New-York tribune., 1921-03-31
One Plane Leap
$500 Fl. i'm Parachute

Three United States Army Air Serv-
ice officers made a successful. para
chute descent from the same airplane
at an altitude of $500 feet in a test
at Mitchell Field, Mincola. l.. l., yes
terday. The test was made in a De-
Haviland-4 biplane, ploted by Lieu
tenant Lucas Y. Beau.
Upon the wings of the biplanc, Lieu
tenants L. H. Barksdale and f. B.
johnson lay stretched out fat, with
parachutes strapped to their backs.
when the machine took off Ropes were
tied around the wings in order to aid
them in holding on when the airplane
was banked for turn. Lieutenant c..
B. Finter was in the rear cockpit.
Barksdale landed in some scrub and
slightly bruised his nose. Johnson, in
jumping off THE wing, had his shoulder
slightly wrenched when the parachute
opened too suddenly for him, but he
made a perfect landing in swamp
Finter landed in tree about half a
mile away form the o1ners. His para
chute became entansled in the
branches of tree, and held him help
less there. He was finally extricated
by some workmen who had observed
his descent from a nearby field.
New-York tribune., 1921-03-31
Deadlock Results
At Conference on
Ocean Tug Wages
Owners Insist Men Agree to
Original Reduction and
Refuse Compromise; Fed
eral Mediator Is Hopeful

A threehour conference on the wage
controversy between marine workers
and owners of tugboats engaged in the
coastwise trade ended yesterday in a
deadlock. DR.. Fred G. Davis, the Fed
eral conciliation commissioner attempt
ing to bring about an agreement, de-
clared, however. that he still hoped to
see the situation cleared up, announc-
ing that there would be another con-
ference at IL Broadway at 10 o'clock
this morning
The owners at yesterdays meeting,
headed by Charles G. Hanna, of the
Staples Transportation Company, in
sisted that the men accept the reduc-
tions of $50 to $50 a month put into
effect by the tugboat operators on
March !. The union leaders, with
Thomas B. Healey, of the Marine Engi-
neers' Beneficial Association. at their
head. replied that the reductions were
unJustified, but added that the workers
would agree to compromise their 'griev-
ances. He requested that the men 1e
paid their old wages until May /, when
the whole marine situation would be
gone over with the steamship owners
and whatever decision was arrived at
would be made retroactive. The tow
boat owners refused
New-York tribune., 1921-03-31

matcly lo2 per cent, to earn the amount
which 1t was estimated they would
earn under the increased rate fixed by
the commission in accordance with the
transportation act. Under this act
rates were to be established so as to
yield to the carriers a return of 6 per
cent on their tentative valuation fixed
TOR rate making purposes by the com
mission. lnasmuch as the roads had a
deficit, it is manifestly impossible to
compute any rate of return on their
valuation. OF the 100 roads that
failed to make expenses and taxes, 45
were in the Eastern, 1e in the Southern
and 4S in the Western district.
Total operating revenues for January
were $A6S,S34000, or an increase Of
8 l-5 per cent over those for the same
month in 1920, while total operating ex-
penses were $442,474.o00. an increase
of 3-5 per cent over those for the
previous January. The net railway
operating income. however, was de-
crease of 1905 per cent under that for
January, 1920. In making these tabu-
lations $54,l36,000 in back mail paw
paid the roads in January. 1920, but
applicable to 1918 and 1919, is not in
cluded.
New-York tribune., 1921-03-31
Clothing Union
Is Enjoined From
Continuing Strike
Justice Van Siclen Declares
Capital Must Be Guarded
Against Labor's Efforts to
Nationalize All Industry

Justice James C. Van Siclen Of the
Supreme Court in Brooklyn yesterday
granted to Schwartz L. JafTce. clothine
manufacturers with headquarters in
the Bush Terminal Building Brooklyn
and to Samuel Peck & Co.. with Offices
in Roebling Street, injunctions restrain
ing Sidney Hillman, individually and
as general president of che Amalga
mated Clothing Workers Of America
from intimidating the employees of
those concerns.
The court ruled against "unlawful
picketing, threats, molestation, intimi.
dation, interference wit4, contracts Of
employees and instigating, waging and
continuing a strike among the EN-.
ployees."
In his decision Justice Van siclen
called attention to the "agc old con-
f1ict between capital and :abor" and
said that perhaps the pendulum for
q few years will swing to che side of
capital.
There can be no real solution of the
problem unless the foundation there
for is established by law Labor, la.
Dor unions or organized "a bor have
their place and use; capital and or
gonization thereof likewise, but both
must be made to know and to keep
their respective places and use by law;
to change only by the ever tluctuating
force OF supply and demand. Such &
medium would present extreme conserv.
atism or autocracy, or extreme radical
ism or sovietism.
The courts cannot find the balanc-
ing point by boxing the compass of
judicial opinion from extreme radical
ism to ra-conservatism. They must
stand at all times as the representa-
tives Of capital Of captains Of industry
devoted to the principle of indi-
vidual nitiative-protect property and
persons from violation and destruc-
ton; strongly opposed to all schemes
for the nationalsm of industry, and
yet save labor from oppression. The
prosperity of the nation depends upon
constructive legislation backed by an
intelligent judicial Interpretation and
strict enforcement"
New-York tribune., 1921-03-31
Hays Confers With Penrose
Denies New Party Chairman
Was Discussed

From The IrtbuneS WGsIt,u 0ton Bureau
WASHINGTON, March 30.-Post-
master General Hays, Republican Ma
tional Chairman, held a conference
with Senator Penrose at tn. offices Of
the latter in the Senate Office Build
ing this evening. 1t was widely re-
ported the conference related to the
selection of a successor to Mr.. Hays
as chairman of the national committee
and also that the question of what is
to be done about the Executive order
of 1917 relating to appointment of
postmasters was taken up.
Mr.. Hays denied the conference was
on either of these subjects and said
it related to one or two postoffce ap-
pointments of minor Importance in
Pennsylvania.
Senator Penrose was formerly chair
man of the Senate Postofices Com
mittee. AS to the national chairman
to succeed Mr. Hays when he resigns,
Senator Penrose has told friends he
is for Vice Chairman John T. Adams,
New-York tribune., 1921-03-31
Merchants Ask
End of National
Railroad Pacts
Labor Board Called Upon
to Discontinue Uniformity
of Rules and Labor Condi-
tions to Improve Service
Costs Charged
New York Organization
Says Burden of Enormous
Waste Falls Upon Public

The Merchants Association. in a
communication to the United States
Railroad Labor Board now sitting at
Chicago, yesterday urged the board
to discontinue national agreements
and uniformity Of rules and working
conditions on all railroads of the coun-
try "as subversive of the public's right
to efficient and economical railroad
service" and urged the substitution
OF rules and working conditions de-
termined by direct agreement between
each railroad line and it's employees
1T is the paramount right of the
public says the message in part, chat
the railroad system of this country be
operated with the highest degree Of
efficiency and economy, and that result
is impossible under uniform rules which
cause low productivity and excessive
labor cost. The entire burden of the
railroad costs are borne by the public,
who have not yet had an opportunity
10 present to your board their vital
interest in the matter.
Decrease in Efficiency
"The evidence submitted to you dur
ing the hearing on this issue, we be-
lieve, proves conclusively that uniform
rules and working conditions, apply
ing without distinction to all railroads $
alike, regardless OF wide variation in
operating conditions, result in extreme
tivity OF railroad labor, with enor-
nous waste, the burden of which falls
on the public
Under those rules economic abuses
of immense extent have grown up. Evi-
dence has been shown that the numbe r
Of employees required to produce a
given output of transportation has in
creased approximately 90 per cent
that is, it now requires three men to
do the work formerly done by two
men; piece work has been abolished
and shop productivity thus heavily re-
duced; low-grade employees have been
consolidated into higher grades; time
schedules have been adjusted to the
maximum of pay for the minimum Of
work and to force excessive overtim e
allowances. 1t is clear that railroad
managers are practically deprived of
the power Of direct discipline and
through lack of effective control over
their own employees are unable to en-
force either economy or efficiency.
Wasteful Labor Costs Assailed
"On behalf Of our members and the
public we protest most earnestly
against the diversion Of the fund which
the public is contributing to obtain
adequate transportation. to any pay
mcnt of wasteful labor costs resulting
from excessively low standards of pro-
ductivits and work, arising from CEN
tralizaton and uniformity"
Several thousand Jersey Central Rail-
way shopmen who have been idle for
more than five weeks were yesterday
given the opportunity by officials cf the
road to return to work at reduced
wage scale. pending the decision on the
proposed 25 per cent reduction in pay
now before the Railroad Labor Board
There will be a meeting Of the men 'at
Elizabeth, n. j., tonight to consider the
question.