davidaulloa/AmericanStories huggingface dataset:
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-07-08

Isn't Being Done This Season."
story OF suspense. love and action.
Many Of the scenes arc laid amid
Oriental backgrounds,
REX
Tonight viii be the last oppor.
tunity 10 witness the screen showing
81 '1Bucking the Tiger" In which
Conway Tearle is straring at the
Rex.
The new show. opening Saturday.
features Monroe Salisbury and Jane
Noyak. two Of screenland's most
popular players. In THE Barbarian"
a big outdoor drama OF the North
woods.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-07-08
COLONIAL.

cornne Griffith. the charming 1T
tie star OF '-rhe Broadway Buhbls"
and othcr screen succcnscA. comes TO
tho Colonial Saturday, following
CLOSED Doors" the present attrae.
ton.
Miss Griffith viii DO seen In 1T
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-07-08

the Edgar comedies. says she doesn't
want to grow UP and wear long
skirts Why worry about the long
skirt part OF IL. Luciile7
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-07-08

offering.
Mabel Tnilaferro. the charming
stage and screen star. makes her re.
appearance In silent drama In this
production. She will be seen in the
role OF The Painted Lady" while
Garcth Hughes porirays the title role
and May MeAvoy ~ east as Grizel
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-07-08

visit tho new WHITE Farmers
Section. bargain basement Queen
City Market Fourth and Pine.--Ad.
vcrtiscmcnt
The Washington times., 1921-08-08
Building SholUs Fall
lii July Over June
EDITED BY
WILLIAM M. CONRAD /,

July construction 79o less than in June, but 40
above that of July, 1920 according to F. WDodge Co.
July contracts awarded in 81 northeastern states toaed
,000 Increase in construction expected for the
Summer months has not materialized.
July building contracts in the Middle Atlantic States
(ouhern New Jersey, Eastern Pennsylvania, Delaware,
Maryland, the District of Columbia Virginia and North
and South Carona amounted to decrease Of
1879 from June Contracts in Western Pennsylvania, West
Virginia. Ohio Kentucky and Tennessee amounted TO $43
021 900, decrease of go from June.
Discussion of wage scales in many centers has been
protracted and settlements delayed Confidence in stability
of construction has not been generally established
Total contracts in 81 states during the first
months of 1921 amounted to 900, 1919
than the average figure, for the first months of the
preceding five years.
Residential building lead all classes of construction in
July, amounting to 500 452, 0OO $3.50 of the total
Public works and utilities $46,902,000 or 22E
of the total; business buildings $33240 000 educa
tonal building 1870 and industrial buildings 65. Com
templated new reported from January to August
1, 1921, has amounted to $2,838 100000.
The Washington times., 1921-08-08
Chicago Live Stock Market.
CHICAGO, Aug. S.-Live stock:

CHICAGO, Aug. S.-Live stock:
,Hogs-Receipts, 81 900; market
active and mostly 5000 up.
Bulk. $9.40@$11.4 As; top. s11.50
heavy weight, s1o.1OQ$11.OO; medium
weight, s10.75@$11.5O: light weight
$11.16@$11.b0; light weights, S10.756
S11.48; heavy packing sows, smooth
$9.25@$9.75; packing sows. rough
$S.75@s9.25; pigs. S10.0o@s1I.o0.
Cattle - Receipts, $4,000; market
mostly 1925 up.
Beef Steers-Medium and heavy.
weight. $s.75@$1o.1o; choice and
prime, $6.25@7.5O; good and choice,
$s.00@$10,40; common and medium
$5.75@$9.00; butcher cattle. heifers
$400@$s.0o; cows, s3.759s725; bulls
$4.0O@$9.00; Gamers and cutters, -;
COWS and heifers. s2.250S3.75; can
ner steers, $2.75G$400: veal calve.
Digit and medium. weight, $1,000
1915; feeder steers, s5.006ss.75
stockeD steers, $3.751Ss.75; stockcr
cows and heifers, $25o@s5.5o.
Sheep-Receipts, $4,000; mark Ell
lambs about 25c lower: sheen. steady
Lambs-ts4 pounds down., $500
s10.75; lambs, culls and common,
s5.60@s8.25; yearlins wethers, $4,000
$3.50; ewes, s3.00@s5.25: ewes. culIs
and common, S1.5o@s3.oo breeding
ewes, s3.ooQss.5o; feeder lambs, sc. SO
@$7.75.
The Washington times., 1921-08-08

way out-only temporary relief, and
then more trouble.
This is not a matter Of theory. not
a matter even of reasone BILE choice.
1t is experience, history, practical
craftsmanship. The whole art, sci.
ence and record of national taxa ton
prove the assertion.
For a long time the writer of this
column was opposed to the sales tax.
The political objections in Wash.
ington seemed too great to over.
come. 1t seemed as IL some easier
way out of the tax predicament
might be found, even though the
sales tax filled the requirement OF
reaching everywhere through the ma
ton and accommodating revenue in
strict accordance with the Taxpayers
ability to pay. -
But II the best pla, the Treosui y
Department can propose for the In
come tax is to unload on weaker
shoulders the burdens already found
too heavy for stronger ones--ther
the time is here for a sales tax. re
CARELESS of Congressmen's political
fears and the Administrator appre
tensions.
There is no time left to expert
ment on the wrong side with bust
/; ness.
The Washington times., 1921-08-08
FAMOUS PLAYERS
SHOWS DISTINCT
ADVANCE IN n. Y.
Dealings on Exchange Are Light
and Changes In Prices
Small and Irregular.

NEW YORK. Aug. s.-Dealings In
securities on the stock exchange this
morning were light and changes In
prices were small and irregular.
There was very little outside bust
ness as the majority Of issues were
inactive and without feature in the
way Of price movements or trading.
There was a special movement, how.
ever, in Famous Players which after
yielding " to 48h advanced to 4s%.
The sugar stocks were in supply
from a professional speculative ele.
ment, American Sugar yielding 1 Y to
ssh and Cuba Cane Sugar preferred
dropped points to IS.
United States Steel, after Yielding
n to 73x. rallied to IA and Baldwin
Locomotive. which sold down to 76k
rallied to 76H.
Railroad stocks were generally in
supply, Northern Pacific being traded
in at Is to 75h. against rs at the close
on Saturday.
Mexican Petroleum. which sold
down to 103k. rallied to 104%, and
General Asphalt rallied from 4sh to
5oh.
The Washington times., 1921-08-08
New York Cotton Market.

NEW YORK, Aug. s.-Active profit.
taking, especially for Southern &C.
counts and by Liverpool, prevented
the cotton market from making as
much response to bullish news early
as had been expected. At the start
May was points lower and other
months were unchanged to points
higher.
Commission houses and local traders
purchased, and after absorbing the of.
ferings this support advanced prices
about 8 points above the low levels
reached after the start, when quota.
lions sold a shade under Saturday,
close.
The weather news over Sunday was
unfavorable, as there was too much
heat In the Southwest and there were
further showers in the Eastern belt.
Cotton opening: August. 1900 bid;
October, 1856; December, 1895; Janu'
airy, 1885; March, 1904; May, 14l2.
The Washington times., 1921-08-08
Road is Common Carrier.

The Sheffield and Tionesta Railway
Company, operating in northwestern
Pennsylvania, today was found to be
common carrier by the Interstate
Commerce Commission, subject to the
interstate commerce act, and II may
lawfully receive division of joint in
terstate rates or, absorption OF It's
switching charges under appropriate
tariff provisions fHom it's trunk limo
connections. such divisions or charges
to be reasonable.
The road extends from Sheffield.
where IL connects with the Pennsyl-
vania, to Tionesta. passing through
and serving Kellettville, Mayburg and
Nebraska. IL owns and operates <0.s
miles of main track and two miles of
spurs and sidings,
The Washington times., 1921-08-08
Foreign Exchange.

NEW YORK, Aug. s.-The foreign
exchange market opened strong today,
with demand sterling ~ cents higher
at S3.65k. Francs rose centimes to
1856 for cables and 1856 for checks.
Lires were 51s points higher to 4.35 for
cables and 4.34 for checks. Belgians
advanced 1917 centimes to 757 for
cables and 7.56 for checks.
Other quotations are: Guilder
cables, $685.; checks. 30.s3; Sweden
kronen, cables. 20.75; checks, 20.7o;
marks, 1.24.
The Washington times., 1921-08-08
Another Factor.

Another factor calculated to stimu'
late the stiffening of prices when pes
simism gives place to optimism is the
increasing plentifulness of money
credit and capital at, rates distinctly
lower than those formerly exacted.
The nations bank reserve again
reached a new maximum last week. nj
e3.7 per cent. The inflow of gold has
actually increased. Liquidation of
frozen credits" has proceeded apace
in both agricultural and industrial sec
tons.
And It now takes far less money and
credit. of course. to handle the coun.
tIy's business because Of the severe
drop in prices from last years inflated
heights.
Under these conditions banks are
now more willing to lend money to
wellfortified customers.
For example. any large corpora
ton which uses enormous quantities
Of raw materials can now obtain the
wherewithal to lay In substantial
stocks Of materials and to make con-
tracts for future deliveries.
With copper selling at the lowest
price since before the war, It is en-
tirely probable certain big Gus, Diners
will place extensive contracts
In other industries where raw ma
terials are selling below cost of
production. both financial conditions
and mental conditions now fav or
much freer buying.
1t would be well to recall AT this
juncture that those individuals and
enterprises that have Jared best In
khis country are the ones that have
Exercised confidence and courage
The Washington times., 1921-08-08
Optimism Not Based on Facts.

Optlm1sm NOT BASED on acts.
G. d. am asked to take stock
In the Thomas Spark Plug Company
Of Roselle Park, N. j.
This company manufactures the
Thomas "Twin-Seat" spark plug. !
inclose herewith the four-page
circular issued by Alfred E. Boyd
& Co., investment bankers, estab-
lished in 1901. Poukhkeepsie, N. Y.
Do you think the stock at $40 a
share is a safe investment?
Answer-There is no evidence that
the stock at $40 share or at any
other price is safe investment"
The company has an authorized
capitalization Of $760.000 Of stock OF
$40 par value and was organized In
1917.
There isn't a single line Of financial
statement in the prospectus, which
omission makes 1t impossible to size
up the book value or the speculative
value of the stock.
The bulk of the document Is taken
up by a history Of spark plugs in
general and statement from B. F.
Tuthill, the company's president.
The brokers issuing the circular
recommend the purchase Of the stock
as conservative, high class invest.
ment." .'
A conservative, high class invest
ment-forsooth! = ..r..
We wish stock selling concerns
would come down to earth and resort
to facts, not fancies. OF course, this
stock is no more a conservative in.
vestment than any other business
risk, but the deyiltry is done by max
ing people think 1T is.
A brokerage concern that claims to
have been in business twenty years
ought to know better. F'-
IT is not recommended
The Washington times., 1921-08-08
Professional Men.

professional Men.
In this class Of taxpayers are a few
rich men, but very few. Most of the
men are In the group between $1,000
and $25, 900.
A considerable number ore high
salaried managers, many more are
professional men with salaries and
fees; the majority are fairly prosper
Gus business men-not big busin ess
men. not little business men. but lust
ordinary business men.
On this so-called middle group It is
proposed now to place the main task
OF paying for the war and carving
forward the annual expenditures of a
loose and liberal administration. WHY
is this? Why this effort to unload on
weaker shoulders burden that
stronger shoulders have been unable
to bear7
II there Is great war everybody
has to pay. II there is great waste
everybody has to pay. II there is
great expenditure everybody has to
help meet 1t. Why does Washington
dodge this inevitable fact? because
everybody" has a vote; and the
Washington idea is to put the heaviest
burden on the fewest voters and still
get the money.
Thus It came that the rich men
w.re first taxed to the linSt-and be-
yond-that the big capital was con.
scripted until 1t no longer sufficed for
the needs of big business, and shut
factories and idle workingmen became
the order OF the day; the very incomes
which at first yielded such enormous
returns to the tax gathering began to
shrink and dwindle under the tax.
gathers hand.
The Washington times., 1921-08-08

OmptrOIIer OF the CuTIcHSy
Crissinger and by Senator
Hitchcock of Nebraska, who
has asked the Senate Bank
ing and Currency Committee
to hold hearings on his bill,
which proposes the creation
of a bank of nations.
Senator Hitchcock believes
that a bank of nations of this
kind could greatly aid in
stabilizing financial con-
ditions of the world.
The. proposed bank would
have authority to issue cur.
rency to be known as the in
ternational dollar.
81 would dedicate the
bank of nations to the finan-
cling of international COM
merce," said Senator Hitch
cock in discussing his scheme.
81 would authorize it to
buy and sell exchange, to
lond poonev IN nnorters Ito
The Washington times., 1921-08-08

exporters and to banks engaged in financing exporting and
importing would authorize it to issue currency against
gold reserve to be the international dollar
"At the present time have in the United States one
half Of the gold in the world We have as much gold here
all of the other nations combined.
"We not using it, rather we are only using 1t
partially We do not require it for domestic uses Some
people are actually advocating that should export it,
But still coming to this country at an enormous rate
It the extent of $5OOOO0OOO within the
last eighteen months 1t coming here in great and
we are not using it, and the rest of the world being de-
prived of it. Why not use that gold as the basis
The Washington times., 1921-08-08
BIRMINGHAM MEN DIE .
WHEN AUTO HITS TROLLEY

BIRMINGHAM. Ala, Aug. 8.-W.
W. Slime. general agent of the Gulf
Coast railroad; J. NJ Hughes. treas
urer Of the McClary-Jamieson Ma
chinery Company. and Andye Zwald
are dead Of injuries received late last
night when their automobile struck a
street car. Stine and Zwald were killed
instantly. while Hughes died this
morning at q hospital.
Several others In the party were in.
jured, but will recover.
The Washington times., 1921-08-08

AND

By b. G. FORBES.

Have we reached the turning point
in average prices7
An advance Of ~ per cent il au-
thoritatively recorded for July In this
country. while in Britain the down
ward movement has also been arrested.
II the conviction should become gen.
eral that prices In most lines have
The Washington times., 1921-08-08
RICHMOND CAFE SAFE
YIELDS 500 TO YECCS

RICHMOND. Va, Aug. s.-Yezg-
men last night blew the safe in the
central restaurant Of a chain and
made away with the receipts OF the
day. aggregating more than 500.
The detectives say that the work
was manffestly that of professionals.
The scene of the robbery was the
business section of the city.
The Washington times., 1921-08-08
In VeStOrS'
Service

The Washington Times will be
glad to answer for its readers
inquiries about investments in
stocks and bonds. 1t will give
the best available informa ton
from the most authoritative
sources. This service Is entirely
without charge. and all letters
will be held In strictest conf
dence. Every inquiry must con-
tain name and address of the
writer and a 2-cent stamp for
tho reply. II the inquiry IL Of
general interest II will be an
swered In the Daily or Sunday
Times. Address
INVESTORS INFORMATION
.. SERVICE l
Tho Washington Times Finan-
cial Department. Munsey Build
ing. Washington. d. c.
The Washington times., 1921-08-08
Chicago Grain and Provision.

CHICAGO. Aug. s-Wheat opened
1c to 1Ac up: corn. Nc to sc up; oats.
unchanged to Nc lower; provisions
higher. Opening:
Wheat - September. $1.20h 91.21;
December. $1.24@1.24k.
Corn-September, 57957hc; Decem-
Der, 67@57hc.
oats-september. ssh9ssxc: Ds.
cember. $3.50.
Pork-September, 1850. "
Lard-September. $11.75411.77: Oc-
tober. $11.90611.85.
The Washington times., 1921-08-08
Liverpool Cotton Market

LIVERPOOL, Aug. S.-Thers was a
good amount Of business in spot cotton
at the opening today. Prices were
steady, sales were $4,000 bales.
American middlings. fair. 1910; good
middlings. $40; fully middlings, 800;
middlings. 8.55: low middlings, 1855.
good ordinary, $50; ordinary. 5.75.
Futures opened quiet.
The Washington times., 1921-08-08

ward, lively devel'
opments " o u | d
doubtless be wit
messed. for 1t is
u n a n 1 m o u s ly
agreed that stocks
of nearly all kinds
of manufactured
goods have been
allowed to dwindle
to perilously low
levels.
Moreover. ( h c
impetuous owe r
production fostered
by the war boom
has been followed
8 n c e by drastic
under production
in nearly every In
dtiafrv
The Washington times., 1921-08-08
Matter Of Experience.

And now with this lesson In national
adversely barely learned, It is proposed
to try the same process with another
class of incomes,
take-on the folly Of impoverishing
the well-to-do. But important as this
Is, It does not quite touch the point.
for the point is not the salvation or
promotion of any class or. group. 1t
is just this: In carrying the present
lead of the nation. no class or group of
business, income or citizenship should
be Disseminated against or favored.
All should be drafted to help, each &C
cording to his ability.
Otherwise thSs is no quick or sure
The Washington times., 1921-08-08

On top Of this. n is to be remem.
bered that actual consumption of goods
In this >country has not been SO very
far under normal. and our exports
have not dwindled drastically in vol.
ume.
The Washington times., 1921-08-08
B. & A. Gets Tentative Valuation

The Interstate Commerce Commits
sion today announced that 1t had
fixed the tentative valuation Of $685.
$50, OS4 on the property of the Bangor
and Aroostook Railroad Company Of
Maine, ...
The Washington times., 1921-08-08
! % RSss%SSnnn USINESS AND FINANCE "
Local Stock Market

SALES
Capital Traction SIS. S1.0000S7h.
Mergenthaler, 6011sh.
After call:
Potomac Electric deb. SIS, $1.0000sl.
Washington Railway preferred.
158.
Washington Gas Light. 2694s.
Money-Call loan funds offered At
per cent, with 6h per cent bid.
The Washington times., 1921-08-08
New York Clearing House.

NEW YORK, Aug g. Clearing
house statement: Exchanges, $3.50. 1907
900: balance, S4s. Zoo, 900. Federal Re
serve Bank credit balance. Sl4.S00. 900.
The Washington times., 1921-08-08
Congress May Discuss
International Dollar

International exchange problems is understood VIII
probably be given consideration by Congress shortly as
of the active interest taken in the problem by
The Washington times., 1921-08-08
Tax Controversy.
Enormous Debts.
Everyone Must Pay.
MELONS Plan.

When debts are big and taxes are
heavy everybody must pay his share.
That Is the first principle of all M
tional finance and taxation. Yet It
is the principle that everybody in
Washington seems to forget in the
present tax controversy.
Are the taxes big and heavyi
They are.
The debt OF the United States
averages $55, 1000, 900 to- every Con.
gressional district. For Chicago that
js equivalent to a bonded debt of
about $40o. ZOO, 900.
Think Of It.
And every other great American
city is burdened In proportion.
The burden is enormous. It Is
painful to all and depressing to bust
ness. It will be both more painful
and more depressing II Secretary
MELONS present plan goes through.
.. Class Taxation.
This plan lie being debated from
day to day. 1t would shift the main
burden of the income tax to a few
of the moderately rich and TO the
main body Of well to do.
1t means more class taxation, and
Americans taxes are too high for
class taxation: everybody must pay
something In an emergency Nike this
or. group by group, the taxpayers
will be squeezed and exhausted.
The class plan has been tried on the
big incomes. These incomes were at
tackled so savagely that many Of the
possessors hurried to cover. They
put their money into tax free
securities.
The losses to the Treasury have run
into hundreds OF millions. BY the
very violence Of its onslaught the
Government drove off revenue, and
Industrial enterprise was deprived OF
its life blood-capitaL Secretary Mel
lon sees this. His colleagues see It.
They want to repair the mistake, yet
they need the money. so they propose
what?
To turn to the incomes between
| 81. 900 and 100000 and do to them
what Mr.. McAdoo did to Nths incomes
The Washington times., 1921-08-08
Aururt I Money Stocks

The general stock OF money in
the United States on August /. 1921
totaled $7,9sS. 397.1s7 as against ST..
s27.s44,377 on August /. 1920, &C.
cording to a statement issued by the
Treasury Department today.
OF the 1921 total S3.2SS,6 sos. 40S was
in gold coin Including bullion in
Treasury as compared with $685.
337 sos In gold coin on the CORES
ponding date of last year.
The Washington times., 1921-08-08
Favors international Dollar

F1vOr9 lntcrnac0nal D0har.
''Can we not have an international
dollar which can finance international
eperations7 And why can't this bank,
with this enormous power, become
great clearing house through which
all the exporting and importing of this
country could be done-a clearing
house In which somebody would be
able to tell what the exchange would
be at least twenty-four hours in ad-
vance" ~
Mr.. Crissinger and Senator Hitch
cock are working along somewhat diff
-ferent lines, but both have in mind the
creation Of an agency which VIII help
to stabilize international exchange.
The Hitchcock bill establishes
bank of nations with a capital OF
$1,000, 900, 600. 1T provides that the
Secretary of the Treasury shall sub
scribe to 81 200, 900. 900 of that capital
for the United States. paying one-third
of 1t in gold and two-thirds in bonds,
which he has under his control. These
bonds might be British bonds or
French bonds or any other bonds Of
solvent nations
Plan to Market Stock.
The bill provides that $500, 200, 900
of the stock Of the bank shall be sold
to the American people, principally
to bankers, exporters interested In
international commerce. Dbe re-
naming 9oo,o00,ooo OF the capital
would be offered to other nations,
with the privilege of paying one
third in gold and two-thirds in &C
ceptable bonds. The bill permits
the other nations by treaties made
through the President of the United
States to establish their rights as
stockholders in the bank.
Criticism is directed against the
Hitchcock bill on the ground that II
provides for governmental participa-
ton in the banking business.
Senator Mclean, OF Connecticut,
who is chairman Of the Committee
on Banking and Currency, before
which the bill is lending, holds the
view that II a b,nk of this kind is
established the capital should come
from private persons and not be
taken out Of the Treasury of the
United States.
Leading bankers Of the country
hold the same view.
Senator Hitchcock, however, In
answering these arguments, con-
tends that such n hank to be Sue
cessful must have the power of the
Government behind 1t and that fur
thermore 1t must have the backing
not only of the Government OF the
United States, but OF union of
governments.
I. c. G. Denies Railroad Claims.
The Interstate Commerce Commits
sion denied the railroad claims that
the Government should compensate
them for the loss of efficiency Of
railroad labor which they alleged
resulted from Government control.
In fixing the maximum amount to
be included by railroads in operating
expenses for maintenance under the
guarantee of Section 209 of the trans
portation act of 1890 the commits
sion ruled that differences "in the
cost of labor" as those words are
used in Paragraph o, do not include
changes in the quality or effective
ness of labor, but only changes in
wages.
In this same connection the COM
mission announced that II will COM
pute charges representing deprecia-
lions and retirement upon the same
basis as those which were used dur
ing an average six months OF the
test period.
August ] Money Stocks.
The general stock of money in
the United States on August /. 1921,