davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-12-04

Another big lot of fine Madeira linens, many one of kind. These bought under mark the savings to you All kinds and all sizes in m Burgers Madeira Linsns-First
The Birmingham age-herald., 1921-12-04
Best Bath Robe Cloth 45c and 69c
Xmas Folders and Boxes
ss.a s;.s.ss. ssRs $5.45

Best quality of bath robe blankets, with cord and loops to match. These are 72x90 size, large enough to make any size bath robe. all new designs. wonderful value on special sale to- morrow at $5.45.
 Burgr's-First FIsor
The Birmingham age-herald., 1921-12-04
Raincoats for Gifts

Gifts of very practical nature that will be appreciated by the. woman or child who must be out in all weathcrs. Good capes and coats of rubberized materials are in oxford, tan and navy at S3-5o to $Is.95.
 Coats-Second Floor
The Birmingham age-herald., 1921-12-04
Fine Shirtinss 3 yards

woven madras. also striped ponges, t52 inches wide. put up in 3-yard lengths, materials that will wash and wear unusually well a-yard lengths at e5e-
 Bussrs-r'irst Floor
New-York tribune., 1921-05-21
Average Earning Last MONTH
Falls " Cents; Drop Due
30 End of Seasonal Work
i'm Many Industries Here

ALBANY, May 20.-Average weekly
earnings In New York State factories
reporting TO the Stata Department of
Labor continued their downward course
in April, dropping to S26.20, or n
'certs below the previous month. with
the exception Of small gain in March,
said Henry d. Sayer, Industrial Com
missioner, to-day, average weekly earn
ings have shown steady decline since
last October. The drop from that
month to April was $2.73, or per cent.
Compared with June, 1914, however,
wages in the states factories show an
advance of 106 per cent.
The drop in average earnings dur
ing the past few months" said Mr..
Sayer, reflects only reductions in wage
rates and in working hours, affecting
employees who retained their employ
ment, but fails to take into account the
loss in earnings caused by the laying
off of numerous workers. The latter,
however, is reflected in the aggregate
amount of wages paid out to the
workers Of the state. From March
1920, the month preceding the first
decline in employm snt, to April, 1921,
the total weekly payroll expenditures
of the 1,64S factories reporting to the
Department OF Labor dropped from
$17586,168 to $12,334, ,856-a decrease
of nearly 30 per cent. This would
indicate that for all factories of the
state the weekly payroll expenditures
were over $13,000,000 less in April,
1921, than in March, 1920. Most of
this decrease is due to unemployment.
"a large part Of the reduction in
average earnings in April is due to
lessened activity in New York City
plants, especially In the seasonal in
dustries. The April average weekly
earrings of New York City factory
employees was $2784, decrease Of
$1.19 from the preceding month. This
reduction more than offsets an in
crease in weekly earnings reported in
New York City in March, and makes
total drop of $139 from the record
average earning of last November. In
upstate factories the average weekly
earnings in April was $25.18, or IS
cents less than in March. The av-
erage earning Of upstate factory
workers has declined steadily since
last September. The total reduction
from September to April amounts to
$3.72.
New-York tribune., 1921-05-21
Western Garment Men
To Push Sales Here

Sales in the Eastern markets of
women's garments manufactured on
the Pacific Coast have developed to
such an extent within the past two
years that Frank E, Gallagher, who
has been representing seven or eight
Western manufacturers in this market,
yesterday announced plans that ul-
timateIy are expected to give the
thirty or more garment producers in
California and othea adjoining Coast
states direct representation in this
market, with adequate supplies of
merchandise in stock to fill Immediate
requirements.
Mr.. Gallagher also announced the
holding of market or buyers week
by the Los Angeles ready-to-wear
manufacturers, from August to l3,
in the Union Terminal Building, Los
Angeles.
His plan includes the establishment
of an office in the Alexandria Hotel In
Los Angeles and additions to his offices
and show rooms in the Hotel Pennsyl-
vania here.
New-York tribune., 1921-05-21
Early Reactions
I'm Cotton Offset
BY Trade Buying g
Covering Helps TO Send
Prices IL TO 23 Points
Above Thursdays Closes
May Leads on Upturn

A further decline in the cotton mar
ket yesterday morning was checked by
evidence of trade demand and rallies
followed on covering. July contracts
sold off to 12.52 during the early trad
ing under further scattering liquida-
tion, but later rallied to 1890 and
closed at 1878, with the general mar
ket closing firm at net advance OF
10 to 30 points,
Tho esriy selling Was due to continued
favorable weather In the South. Tho be-
lief is that recent buyers have not been
altogether satisfied with the action of
prices during the last two or three days
and with prospects for Improving crop ac-
counts were disposed to luuidate their
contracts. The selling of this sort sent
tho active months about co IA points net
lower during the middle of the morning,
but offerings became smaller at tho de-
cllna and as July approached the 12h~
cent level there was trading buying. pre-
sumably TO FIX prices. This checked the
decline and promoted covering, which car
ried prices some l3 to 20 points above
Thursdays closing figures
nrmuess OF May. Ten moro May notices
were reported in the morning, but they were
without any appreciahe effect and later
May sold up on covering by spot houses
selling within 80 points OF July, compared
with n difference of SO to ca points at tho
beginning of the month
Owing to the holiday there wero no
cables from Liverpool, but both Liverpool
ana New Orleans were moderate buyers
here during the carly trading.
southern spot markets, as officially RS
ported. We're unchanged to 10 points high
er, most of them being unchanged with a
continued small volume OF business The
local market for spot cotton was steady
and 20 points higher, at 1866 for middling.
NO sales were reported.
The range OF prices:
New-York tribune., 1921-05-21
COMPREHENSIVE NOTICE
MOORE q sCHLEY.


The undersigned do hereby certify:
i. That they have renewed tho limited
Quoted under the mama of Moore & schley
IN the County OF New York.
2. That the general nature Of the busi-
ness intended to be transacted Is general
brokerage business In securities OF all kinds,
and all business incidental thereto.
g. That the names of all the general
partners and the special partner inter-
ested therein. all of whom are of fun age,
and their respective plaSes Of residence,
are as follows:
Names:
Kenneth 3. schiey, Far Ellis, n. J.
Henry =. Chiffon, oyster Bay, N. Y
L. Martin Richmond, Flushing, N. Y.
Arthur Myles. scarsdale, n. Z.
General Partners.
Special Partner.
9. That the special partner has CON
trtbuted as capital 100000 in cash to tho
common stock OF said partnership, no part
of which haa been withdrawn!
nae That from e ass 4s gs % aay 9 e
TO end on tho 30th day Of April, 1924
Dated. New York, April 28 1921.
HENRY P. Chiffon.
u, MARTIN RICHMOND,
ARTHUR MYLES
EYANDER B. SCHLEY.
stsse OF New York. County Of New York.
On this 2sth day of April, 1921. before
rue personally came KENNETH B.
scHLEY; HENRY r. CHILToN, l. MAR
BvANDER Is. SCHLEY. to me known and
known to me to be the persons described
IN and who executed the foregoing GER
ttncates and they severatly acknowledged
10 mo that they executed tho same.
Notary Public, New york county: Count,
Gisrk's No S44; Registers No. 2322.
State Of New York. County of New York.
ARTHUR MYLEs. being duly sworn, de-
poses ana says l am one OF the general
garenefs OF the partnership of Moore &
sehley. The sum OF St00 900 contributed
70 9S,a me eapitel stock Of said partnership by
tssanuer u. Schley, the special partner has
oeen actually and in good faith paid in
casi. .s. and no part of the same has been
sworn :. -. ARTHUR MYLEs.
April. 1921. ~0'n oay OF
Na,.-v p,,A,. PHILIP C. KEMP.
4svSs1ary Pabitc. New York County: Courtv
SNa,S s no; S44; Registers No 2s22.
New-York tribune., 1921-05-21

The following petitions In bankruptcy
were hled Yesterday in the United States
p,s:Ei$S ThTS5R @Sa}S
all unsecured claims and no assets.
WOLF NAIDICH--yoluntary; carpenter
all 'i unsecured r,,ii claims and no assets
FRANK DEBuoNQ2-.yy,0,lIpa!ntary; .ts tailor or
unsecured claims. and no assets.
LAFAYETTE AUTO SUPPLY CO., INC.
Involuntary; auto tires and accessories,
919 Lafayette st. Liabilities. $4,000 and
NJ. BRANDH &. CO, 1Nc.-1nvoIuntary
dental supplies. West 116th Street
untary; manufacturers OF women's hats,
5S3 Broadway. Liabilities, $4,000 and as
SAMUEL CooPBRMAN--volunt 1872
Bryant Avenue, Bronx liabilities, 1926,
all unsecured claims, and no assets
JOSEPH observation-disclosures trim
STANDER- MCCONNELL CORP.--volun~
tsry; manufacturers of shoes. 24S West
Seventeenth Street. Liabilities, s69,so1, of
which $4S,lo1 are unsecured claims and
$21,7o0 secured claims, and assets at $27,-
cal, OF which 1925 is stock In trade, S1s,-
8O3 machinery. tools, etc
Schedules in Bankruptcy
The following schedules In bankruptcy
we're filed Yesterday in the United States
H, 6 s. srEELE-shoe Bindings, ass
East l46th Street, Bronx, Liabilities
S7145. of which $500 are unsecured
claims, and assets of sS.e17 OF which
$500 is stock in trade. $500 debts due on
open accounts and $500 vehicles.
SAMUEL s. BAPLAN-Silk yarn, Ill
Fifth Avenue Liabilities s16T,1es. Of
which $14S,143 are unsecured claims $7,522
secured claims and $1l,i98 notes end bills.
and assets of s178, 1872, of which $97,o15 Is
stock in trade: $6S,s96 debts due on open
accounts, S7,lo0 bills, promissory notes and
securities, $s,11o deposits of money in bank
aud $1,000 machinery, tools, etc.
New-York tribune., 1921-05-21
Wheat Is Higher
I'm Active Market;
May Goes to $1.6O
Reports From Abroad and
Crop Conditions Send
Prices Up; Old Wheat
Believed Near Exhaustion

CHICAGO, May 2o.-There was a
very active and strong market in
wheat to-day and closing prices, while
one-half cent below the highest, showed
net gains of 81 to 7%c. The May
position showed the greatest strength,
advancing to $1.60 on urgent covering,
due to the pronounced strength In the
cash position and the light stocks at
that point.
Cash wheat was also higher and ex-
porters were credited with taking coo, 900
bushels at the Gulf against old sales. The
Winnipeg market was rs to cents higher
for cash wheat and IL was said that Great
Britain had bought about 10000 bushels
of Manitoba wheat.
On the whole, the situation in old wheat
was tight and offers were limited. Crop
accounts were again of an unfavora BILE
nature for in most part, and this had a
slim nulating influence tho July position
Labor conditions in the Argentine with
the port of Buenos Ayres practically tied
up. believed to be sending European
orders to America Russia was credited
With buying a cargo of wheat In Great
Britain, and on the whole the news Of the
day was decidedly in favor OF prices.
The corn market was heavy throug hout
the day despite the strength in wheat and
reflected hedge selling against Increased
country offers. Advees from Illinois said
that farmers are showing more disposition
to sell than for many weeks, and this led
to expectations of larger receipts in tho
near future. The close was unsettled at
the Same yesterdays finish to q o lower
with July 603s @ u to 60ss.
New-York tribune., 1921-05-21

ances due stood at $1,546,000. There
were $6,S05,0 loans and bills pay
able and $12,792,000 audited vouchers
and pay rolls. The semi-annual div
1dend of 9 per cent on the stock calls
for cash payment of $1,256,000,
Operating Revenues
Total operating revenues of the
Chesapeake & Ohio for the calendar
year 1920 were $90,524,000. This was
an increase over 1919 Of 26.7 per cent.
Total operating expenses amounted TO
ST9,S59,000, an increase of 31.2 per
cent over 1919 These figures and
those that follow refer to the opera
ton OF the property regardless of
whether the government or the com
pany was operating it. The govern
ment turned the property back to the
corporation in fairly good shape as far
as roadway and structures were con-
cerned, although the company claims
that it was not at the high standard
which had been maintained by the
company itself during the test period
Cars, however, were in bad shape, and
1t IS obvious from the annual report
that the C. & o. had to make heavy
expenditures for getting its equip
ment back into good shape. Mainte-
nance of way and structures cost S13,-
$4,000 in 1920, an increase of onlv
IA per cent over 1919, which is not as
large an increase as would be ac-
counted for by increased wage scales
alone, probably. Maintenance of
equipment cost $25,505,0 900 in 1920, an
increase of nearly Al per cent. With
the falling off in business the Chesa-
peake & Ohio cut down its shop forces
quite radically and there are probably
a rood many bad order cars in need
OF thorough overhauling en- the COM
pany's lines to-day, which, if business
]ustltied 1t, would be going through
the shops.
Transportation expenses, which are
largely made up of enginemen and
trainmen's wages, fuel costs and the
other expenses Of moving freight and
passenger trains increased SO per cent,
There are evidences of gain in op-
Grating efficiency in 1920. The ton
mileage of all classes of FREIGHT
amounted to 11,7200o0,000 in 1920,
an increase of nearly % per cent This
IN itself would explain considerable
part Of the increase in transportation
expenses, and the retroactive wage
increase of the Railroad Labor
Board would be more than sufficient
TO explain the remainder of the in
crease. The fact that the increase
was only 80 per cent is in part due
to an increase in average revenue
trainload and average loading per
loaded car. This is the more remark
able in that the Chesapeake G. Ohio's
figures for train and car loading were
already among the highest of any road
in the country. The average tonnage
per train in 1920 was 1,l3l, an in
crease over the previous year of 81
per cent. The average tonnage Tor all
loaded cars was 391 tons.
After the payment of operating. ex-
penses and taxes (still disregarding
government rentals or guaranties7
railway operating income amounted to
S7,675,0 600, decrease of sd per cent
as compared with 1919.
New-York tribune., 1921-05-21

ANDREW J. MCCORMACK. Auctioneer.
REGULAR AUCTION SALE
STOCKS AND BONDS
by ADRIAN III. MULLER Il SON.
OFFICE IS WILLIAM STREET,
WEDNESDAY. MAY rs, 1921.
EXcHhNcS s. - 81 P'059Sf, sS4 ,EsRo6M s. t5s
NOS. Ia AND IS VEsEY STREET.
For Account of Receivers:
20 shs. Interboroug n nConsolidatedC Corpn.
10 shs. New York, Ontario & Western
r. r. common.
10 shs. Chicago, Milwaukee & st. Paul
Ry. common.
100 shs. Briquette Coal Cos
1900 shs. American Pine Products Corpn.
2 shs. Commonwealth Finance Corpn.
shs. Commonwealth Finance Corpn.
prefd.
zoo ahs. Alaska Mines Securities Co.
1900 shs. Kleensweet Products Co. (ctf.
For Account Of Executors:
s1A shs Safe Guard Real Estate Assn.
90 shs. Hudson Realty Co.
1000 shs Einstein- Wolff Co. common.
1921 shs Einstein-Wolf Co. prefd
2e shs Yukon Alaska Trust (trustees'
10 sas. as.' Central Consumers Ice Co. prefd.
$500 shs. Tularosa Copper Co.
For Account of Whom 1t May Concern;
10 shs National City BANK
$1,000 Chicago & Erie r. r. "a Income
$4,000 Buffalo & Southwestern r. r. 1st
Mtg. So Bonds, 1928.
so shs. Churchfnar Company.
II chs George c. Moon Co. common.
shs. George C. Moon Co. so Cum.
so shs, Animated Picture Products Inc
Prornissory note dated July 2, 1912, made
by De witt c. Flanagan to the
order of Elijah Woodward for
$500, payable July 3. 1913 and
cause of action thereon subject to
any and all defenses set forth in
said cause of action or existing
thereon together with 100 shares
Of stock of the Cape Cod Construc-
tion Co, held as collateral thereto.
1000 shs. The Glass Caslzet Corpn
30 shs. The Secvidor Co.
New-York tribune., 1921-05-21
d., L. & w. Rights
Glen Alden Coal
Decline ON C,nrl.
Taking and sal,,
Bring Reaction in ss..4 ..'s
CATION Issues; ResdS;ae. IT,
Rights and Ola F..

Issues created by the s.v..
tho D., L. & ". coal props,.,. tas''a v
piled most of the activity on !. sas'
markst yesterday, selling prs.ss,. y, 'a'a
proflt-taking on the rise ssrlis, -. : ~ !.
week week bringing reaction Of -
than two points. "a n'ss
d. L. & W. rights to sub,e,,,.
the coal company stock d..,s %
33%, while Glea Alden c., ''a %
when issued basis sold s poiUta , % 8
S5 ~ 9R being ~. the Offering prics.sh . NOE ss
were easier. issuing rghts
Oil stocks moved w3tb,,
range receding slightly on y. assros
Elk Basin was lowsr pss.a p" sns whol..
OF offer Of new stock. Msraeaibo as, ;ls
SerneSl0nss but so. PPstrosum showed &s Io,s, h.
tionally. 1eeoVered fnc.
New-York tribune., 1921-05-21
Chesapeake-Ohio
Defers Dividend:
Is Short OF Cash
Annual Report Shows 1920
Good Year, bat Road Is
handicapped in Collect
ing ON Freight Traffic

AZ the annual meeting of the Chesa-
peake b Ohia yesterday. action on the
seTni-snnual dividend was deferred.
The roads showing in 1920 was good
and the per cent dividend was earned
mors than twice over. During the
greater part of 1920 the volume of
traffic was unusually large and was
1b.2 per cent greater in 1920 than in
1919. Traffic, however, dropped off
almost over night. late in 1920, and in
the present calendar year the company
is not earning at rate TO pay interest
charges. This is not peculiar to she
Chesapeake G. Ohio, and might not of
itseH be sufficient justification for
deferring action on the dividend, but
there are certain elements in the
Chesapeake & Ohio situation which
than with other railroad companies.
The dividend was deferred partly
because the directors thought that it
would be wiser TO wait until they
could see the trend of conditions more
clearly and partly because the Chesa-
peake & Ohio's working capital was
not sufficient to justify distribution
of cash at this time.
The balance sheet as of December
81, 1920, reflects only the beginning
of the condition which the company
dividend came up for discussion. Since
the first of the year the situation as
regards getting payments on traffic
balances due has steadily got worse.
Il is customary for g road which par
ticipates in haul~on freight to draw
a draft against the road which coll
lects the freight charges covering its
share of the through rate. These
drafts are often not honored at pres
ent. The Chesapeake & Ohio, being
primarily a coal railroad, delivers
freight to other lines in such greater
proportion than it receives freight for
delivery to consignees on its own
lines. The government is having the
greatest difficulty settling its accounts
with the various roailroads and the
result is that no company knows eX-
actly where it stands and there are de-
lay and confusion in regard to the set
tlement Of inter-company accounts.
more than ordinarily hard.
Little Profit In Coal
Furthermore, the Chesapeake {; Ohio
carries it's coal business on small
margin Of profit. Before the raise in
rates the Chesapeake & Ohio carried
a hundred tons of coal mile for
little over thirty cents. Overhead plays
a large part in a railroad such as the
c. & O., and when the volume of traf-
fic suddenly Falls off, losses mount up
much faster than on road which has
n higher ton-mile rate. All of these
things combined explain the action on
the dividend.
On December 81 there was total of
S5,637 600 cash on hand and traffic bal
New-York tribune., 1921-05-21
B III siness ~ 9 w 8
n. Y. Factory Wage Declined
In April After March Rise
Says NornaaEcy A,Units
Restoring Of Wealth

ST. LOUIS, May 20. -- Normal
conditions should not be expected
until further progress is made in re-
storing the wealth destroyed by the
war, estimated at nearly S350,o00,-
100000, w. p. G. Harding, governor
of the. Federal Reserve Board, said
in an address here. He asserted
there should be no apprehension of
general financial trouble"
1--WE are heading toward recuper-
aticn," he said, "but we should not
expect normal conditions until there
is further progress toward restor-
ing this wealth.
"The failing off Of exports during
the last three or four months is an
evidence of inability or indisposi-
tion Of foreigners to purchase our
goods, and IL our export trade ia to
be revived, which would give new
impetus to domestic trade, it would
appear necessary to make q decided
effort to get new business"
New-York tribune., 1921-05-21
Judgments Filed
In New York County

The following judgments were filed yes
terday. May 20, the first name being that
Of the debtor:
Axalroc, Samuel B-Corn Prod
ucts Refining Co. ,;............ $557.42
A p Babcock Co--Presdent, di-
rectors, etc, of the Manhattan
Co ,.....;... 6,s16,67
and Samuel G. Cohen-Western
Parquet Flooring Co. Inc. <3e4k
All7nann, Ferd r Of r Altman
Woolen Co)--Scotia Worsted
NM Mills ~ Inc, 2ss7.s7
Iansello Observation-Disclosures. s1a.ss
Srahclforte Jaines-P Odynskf.. $4,000
SaIne---J odynsh. .....: $4,000
Weinberg tInvincible Undergar-
:, ,5I,,,I1 msnt Cos Schneider; .,.;... B2s.so
,,-o,rs ,mPeopIs, etc. ;,;,,,,;:....., 5Oo.co
s Talix=PsOpla. staassAs...a.,,s Nd a.eso.ss
New-York tribune., 1921-05-21
Commercial Credit

Many business men are taking ad-
vantage of the lower rates on CONNER
cial paper to float new loans in this
method, which are used to pay off di-
rect bank loans.
The commercial paper market re-
mains fairly active, although less paper
is coming into the market than a few
months ago. Rates remain around T
per cent for the bulk of new paper,
with exceptionally high grade notes
going as low as 61s per cent and some
less known names as high as IA per
cent.
The American Acceptance Council
yesterday quoted the following dis
count rates on prime bankers accent
New-York tribune., 1921-05-21
Refined Futures-Tbe range of prices:
Butter, Cheese. Egps

Butter-Recelpts were 1s,74S packages
Creamery, higher than extras, H., 2s y q
29c; extras, 90 score, 28c; seconds, 81 @23 n c;
lower grades 10000; unsalted. higher
than extras, 500 5sc; extras. 20 @2s1a 90;
frsts, 2415 @2sc: seconds, S2@ 24c; state
prime, 24@26o common to fair. 19@23c
ladies, current make, frsts, 220221ac; ;
seconds, 18c; lower grades, 16@ l7c; pack
ing stock, current make No. l, lSc; No, 2,
lie; lower grades, l3@ 16c.
Cheese-Recelpts were 2,0Ss boxes. state
whole milk, short held, 1914 @17c; fresh
specials. 15@16iac: average run, 14p 15c; !;
lower grades. 10@10%c; twins. fresh spe-
cials 15016o; average run, 14@I6c; Wis
consin, single Daisies &resh, 15h @17o;
double Daisies, fresh, 1914 @17c; Young
Americas, frosh, 17@17Mc; sklms held,
specials, 1o1h Q11c; prime to choice, s01oc
-. EggsaReceipts' ssos4 ~ easss ca Fresh
packed, extra flrsts, 261a @261ao; flrstss
New-York tribune., 1921-05-21
Failure Decline Resumed

Commercial failures In this country
this week, as reported to r. G. Dun
& Co. numbered Bis, compared 20
333 last week, which showed slight
increase over the week before. The
South and West showed the only de-
creases, the East and Pacific Coast
showing slight gains.
Bradstreet's report s03 failures for
the week ending May 19, against 3iS
last week.
New-York tribune., 1921-05-21

southern Spot NEUTRALITY-SUSPICIOUS. steady,
unchanged at IL soc; sales. 732 bales New
orleans steady, unchanged at IL. 76c; sales
] l,63s bales, Mobile nominal, unchanged at
at Il6Sc; sales. 279 bales Norfolk quiet
unchanged at 11,5oc; sales, 39l bales
augusta steady, unchanged at 1113c;
sales. 500 bales. Memphis steady, un-
changed at 11.76c; sales, 1850 bales
Houston steady, 10 points higher at 1l.8Oc;
saies S,O4o bales Little Rock quiet, un-
changed ht l1.50o sales, $50 bales Dallas
steady unchanged at 11o; sales, 2,565
Pades' fias -. Montgomery 6n firm, unchanged at
IL points higher at IL, ,loc; sales 2s7 bales
New-York tribune., 1921-05-21
Button Exports S3,846,83O

During the calendar year 1920 the
United States exported $3,846,83O Of
buttons, of which amount S712.714
were pearl and $3,134,116 all other
buttons, according to the Bureau Of
Foreign and Domestic Commerce.
England was credited with S245,572
of pearl and $454,563 of other buttons
New-York tribune., 1921-05-21

Of the total shipments from this
country. Canada received stS2. .5s2 of
pearl and seT9, ,00s OF other buttons.
Cuba imported s70,s3o OF pearl and
$134,442 of other buttons from the
United States In 1920.