davidaulloa/AmericanStories huggingface dataset:
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1921-01-28
SPECIAL REDUCTION SALE
AT HICKS STORE, ROCKVILLE.

We will conduct a special sale of real
reductions from January 2lst to the end
Of the month 0ne-third off the following :
Wooden MILDLY blouses, red and navy .
wooden MILDLY suits, sweaters Of all kinds,
ladies wooden skirts. fancy under skirts.
fiannelette night gowns and shirts. wooden
dress goods. mems flannel shirts. mems
and boys suits and overcoats. coats for
ladies, misses and children. ladies' shirt
waists. children's wash dresses. White sew
ing machines. and numerous smaller arti-
Giles.
The following items are sold at one-half
less than prices prevailing ten weeks ago:
Sheets and sheeting. long cloths, percales.
bleeched and brown muslins. dress ging-
hams, apron ginghams outing hannels. and
many other cotton goods.
We believe prices have reached the bot
tom and no further reductions are expected
in the near future. as present market con-
ditions are very firm and inclined to adj
vance.
w. HICKS,
jBn 2l-tf Rockville, Md.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1921-01-28

d. 1921. by the Circuit Court for Montgomery
county. as Court Of Equity. that the Spe-
cial Auditors Report filed IN the above
entitled cause, be ratified and confirmed.
unless cause to the contrary thereof be
shown on or before the 5th day Of Feb
ruary next Provided a copy Of this order
be inserted in some newspaper published in
said MONTGOMERY county, once in each Of
three successive weeks before the said
5th day OF February, 1921.
PRESTON B. RAY. Clerk
Circuit Court for Montgomery county.
True cOpy-Test:
PRESTON y. RAY,
jan l4-td Clerk
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1921-01-28
o1.dor Mist.

In the matter Of the deed Of trust from
The Glen Echo Town Hall Company Of
Montgomery County. Maryland. a cor
poration. to Frank Higgins and Clifford
II. Robertson. Trustees.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1921-01-28

TOR SALE. - -
I SEVEN COWS, five Of
which are fresh now two TO freshen SOON
One high-grade Jersey bull. All tubercu-
lin tested Also purebred o. l. c. SOW and
boar. Apply to -
JOHN DUVALL,
Route a, Rockville. Md.
Residence. 0akdale, Md.
Jan I4-2t"
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1921-01-28

In the Circuit Court for Montgomery county
as Court of Equity. No. 1923 Equity.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1921-01-28
jan 81.

IN My wife having voluntarily
left me without Just cause, hereby warn
all persons not to extend credit to her on
my account.
CHARLES p. HIGGINS.
jan 21-3tS
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1921-01-28

DOR SALE.
i Purebred Holstein bull. 2
wears old. by Corby's stud bull and out of
n cow with a record of rs pounds Of milk
and % pounds Of butter.
JAMES VEIRS,
dec 3.3ts Rockville, Md.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1921-01-28
No OF BANK. 4eO8. RESERVE DISTRICT No. S.
REPORT OF THE CONDITION

OF THE
First National Bank at Gaithersburg,
in the State of Maryland, at the
close of business Deem
Der 29th. 1920.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1921-01-28

30-H. P. Traction Engine.
suitable for threshing or saw mill. Inquire
IMIRIES GARAGE,
dec 1O-Im Bethesda. Md.
New-York tribune., 1921-01-02
Number of Failures

1t is reassuring that though this
liquidation has been drastic in nearly
all branches of industry, only a small
number Of outright failures has re-
suited. This is believed to justify the
expectation that the rebound from the
current depression will come more
promptly than in previous similar
periods. If wage cuts lag behind de-
clines in the cost of living and the
basic eight-hour day with extra com
pensation for overtime, which was won
in so many industries, is left undis-
turbed-and both of these conditions
have thus far been met+American
wage earners will not be worse off as
regards real wages than they were be-
fore the war, and as regards working
conditions they will be nuch better
off.
As to the campaign for the open
shop, friends of labor must frankly ad-
nit that forcing employers to enter
into closed shop agreements against
their will, as was done in some in
stances in the war period, was neither
wise nor defensible.
The exposure of conditions In New
York building trades which Is now
being made has proved most helpful
The abuses to which tho closed shop
may lead unless coupled with guaran-
ties that insure open unions have been
clearly revealed. On the other hand,
evidence has also been brought out
which substantiates the charge Of labor
leaders that the employers "open
shop Is often synonymous with a shop
closed to union men
New-York tribune., 1921-01-02

this country, is far below what it ought
to be to keep the producers of those
countries busy and prosperous and to
enable them to buy imports that they
would take. 1t is the reason why prices
are not only falling, but are not appar-
emily stable at levels which are low
IN comparison with recent time. Eu-
rope needs some financial help of one
kind or another to get her plants go
ing again. We can regard Europe as
if it were a business concern Of estab-
llshed standing, stricken by some ca
tastrophe that the business community
recognizes as worthy of being helptd
on the feet again quickly, in fact must,
in the interests Of the community it.
self, be got going, with its working
people, as soon as possible. 1t is pro-
ductive use of capital of double bene-
fit to everybody concerned.
Europe owes US immense sums of
war debt, bearing periodical payments
so great as to make international ex-
changes difficult. Europe owes US a
large. amount, certainly in excess of
two billions, for merchandise bought
since the war closed. Her exports cam
not pay for her imported purchases
New-York tribune., 1921-01-02

tinuance Of the effort to meet this
campaign is part Of the outlook for
19sl, and very vital part.
Much the same motives underlie tho
plans that are being made to try to
procure the enactment m q number of
states Of laws similar to the atrocious
and ridiculous industrial relations act
OF Kansas. The fact that the prin-s
ciples embodied in the Kansas law con-
stitute menace to every part Of our
social structure is lost sight Of BY q
great many narrow-minded employers,
who see in it only a weapon for the
undermining Of trade unionism. These
employers have not yet eomprehended
what it would mean to American politi-
cal and industrial life and to our social
life generally. If We were to follow the
direction taken by the Kansas law and
apply generally throughout the country
the principle and practice of throwing
the whole category of industrial rels-
tions and disputes into the realm Of
politics, am confident that the pro-
ponents of the idea would find them
CONTINUED on paac tenl
New-York tribune., 1921-01-02

further than basic conditions justify The lure Of rising prices
acts stimulant to buying the unnaed whereas
in times OF falling necessitous selling must
have cash leads liquidation long holders securities or
commodities have decided quotations were low
enough.
Behind che anticipation Of recovery in the during
the is this customary phenomenon declines overdon
This logic rather than the earlier
months will RETURN tenabe The quotations
realized at first only bv the sensve average man will
still be talking the most forceu Language pemsm when the
rebound takes place. The critical will
taneousy all industries in all speculative places
Until equilibrium established incidence hardships
and neque will be than normal times Of the
defects of the that being curtaed
at time when the world needs all that can produce
Instead Of overroduc there production
Those who lay out the blue prints Of industry with
the notion that developments would along straight lines
Moreover there another aspect Instead of over
production there has bee Paul M Warbug points out under
consumption especially whose credit
resources have become exhausted.
The key to the future always pursued never really
found In this symposium the puzzg problems wokaday
world are critically examined by especially qualified by emf
in their field discuss them.--Fnanca Editor
New-York tribune., 1921-01-02

During the five years of war pros
perfty the number and power of or
ganized wage earncrs increased enor-
mously. From a total membership of
not more than 100000 in 1915, Ameri-
can trade unions have expanded to q
membership of more than 5000. 900
Confronted by this growth and by in
slstent demands for higher wages,
shorter hours, the extension Of the
closed shop and other concessions. en-
ployers in many lines have taken alarm
and organized more strongly on their
side, not to deal with, but to down the
unions. Justifying their procedure by
the familiar slogan, "the open shop"
characterized as "the American policv'"
employers associations all over the
country are taking advantage of the
situation to restore pre-war labor con
dltlons, t least as regards the power
labor organizations are allowed to
exercise in determining what these
conditions shall be.
While the year thus opens inaus-
piciously for labor there is ground for
hoping that much of the solid progress
New-York tribune., 1921-01-02

IN Germany will exert it's healing indu-
encs in Russia, the lowest point will
have been reached and all the world
will soon be on the uphill grade. That
will be the moment when we may
throw our weight into the scales and
tip them from dependency to courage
and cheer.
It Is then that ambitious plans Of
relief may come into full fruition and
that tho present deadlock in production
and trade may be broken. The world
does not suffer from overproduction,
but underconsumption--underconsump
tion on the part Of countries whose
credit has been exhausted. That credit
cannot be restored until actual peace
becomes q matter Of fact. Before that
is actually accomplished 1t is idle for
US to attempt to prognosticate the
future Of the economic outlook in Eu-
vope.
New-York tribune., 1921-01-02
January

January
2-Twenty rail stocks average 6555.
Thirty industrials average 109.5O
Violent bidding UP Of industrial
shares WHEN money rates ease
from 15 per cent to per cent.
s-Sharp decline in securities on
Federal Reserve Boards reported
attitude toward loans on nom
essentials.
Steel strike officially called off
By labor leaders.
1o-Unfilled orders Of United States
Steel Corporation make greatest
gain in history.
l5-Belgian loan of 100000 quick
ly oversubscribed.
2l-Noticeable weakness in foreign
exchange, with sterling dropping
to new low record Of $361
22-New York, Boston and Philadel-
phia Federal Reserve banks ad-
vance rediscount rates to per
cent.
23-Chicago Federal Reserve Bank
advances redscount rate to 7 per
cent.
February
4-~Foreign exchange demoralized.
Sterling breaks 15H cents to
$3.18, low record for year. Ex-
changes on other countries de-
cline to new low records. Break
In securities ON 100000 transac-
tions. Call money rises to 25
per cent.
5-Gold rises in London to 1878 id.
new high record.
6-Violent break on Stock Exchange.
with securities dropping S to II
points.
Il-Stock market securities apain
slump sharply. Silver reaches new
high price in London, at 89hd.
17-Rail shares in good demand, with
substantial rise.
l9~Rsil stocks again advance.
21-New York Federal Reserve Bank
reports first deficit in reserves on
record.
23-Scnate passes Esch-Cummin.
transportation bill.
25-~Break In securities on higher
money rates. New York Federal
Reserve Bank advances rcdscount
rate on certificates OF indebted
ness to per cent.
27-Esch-Cummina railroad law np-
proved by Department of Justice.
March
l--Suprsme Court rules that United
States Steel Corporation Ia not
. "trust."
New-York tribune., 1921-01-02
Indicating vs. Farming

We have seen recently an editorial
comparing agriculture with the oil in
dustry, to show how much more certain
and stable were the returns of the lat
ter than the former, and it was not an
attempt at satire If anything has been
typioa! of risky adventure it has been
the oil industry.
We cannot look for a restoration of
full employment and prosperity until
something like the old balance between
agriculture and the 6ther industries is
restored. If there was any prospect Of
rise in the prices of farm products
it might be argued that the balance
would be restored in that way, but
there is little basis for such expecta-
tlon. The prices Of our farm products
arc dependent upon the prices at which
the surplus can be sold in foreign mar
kets. To cut down our production for
the purpose of raising prices would be
an attempt to sustain prices on an
artificial basis, basis of scarcity. The
farmer would have less to sell, and the
attempt would check the decline in the
cost of living and the downward ten
dency Of costs in the other industries,
with the result that the farmer would
continue to pay high prices for any
thing he bought. The remedy does
not lie that way, but in bringing the
prices Of other things down to the level
of farm products. When a Eushel of
wheat, bale of cotton and a pound of
pork Will buy as many goods in the
stores as in 1919, the farmer will be
able to resume his position in the
trading circle; not before.
New-York tribune., 1921-01-02
What 1t Means to Finance and Business
American Industry in Quest of a New Normal

n T1NETEEN-TWENTY year Of escape from the
the preceding period The industry
\ and the ngency of credit (while bank
precedentedy colossal in the aggregae)
Of conventional of pancy depressonof the essential
of the country
Nineteen twentyone finds business fnanciers every
where searching in their inner
Obviously the yadscs built Of inflated
will longer accurately conditions And there
in logic historical analogy fash back the 1913
basis Enterprises normal
ards of which will allow for the productive
of the in the last six years. the heightened position
Of tolers both and people,
ability of buyers He who all the changes
wrought since the outbreak Of strife Europe permanently
eaced by return to the status ante beum blind
the gueless proteer who liked believe that the peak prices
would recede
Much Of the downward reaction made necessary by the
expansion 1919 If the readusment had
signing of the armise Of the peous declines
that has just closed could probably
the fact that 1920 the Of the swfest price declines yet
recorded
If economic forces guided by single conscious the
drastic swings business and finance would perhaps eliminated
in the world that bull movements usually 90
New-York tribune., 1921-01-02

he farmer has had a hard Jolt and
1t is no wonder if he has been some
what disturbed. He worked hard for
a good crop, did his part faithfully and
then saw the value of it largely dis
appear before he could get it to mar
ket. 1T seemed to him that he was
getting the worst of it, and as he has
thought it over he has been inclined
to think that he always has had the
worst of it. His attitude has been a
little belligerent in spots, but not seri-
ously so. Everybody is entitled to
little latitude Of expression under
such conditions and the farmer has not
abused the privilege. Riotous actions
and extravagant utterances are not
chargeable to the great body of farm
ers. The latter are studying the stu
alton with view to constructive poll,
cies, but they are going on with the
work Of growing crops.
Cotton growers arc planning to cur
tail the acreage and no doubt it will
be done to some extent, but any plan
for general curtailment of crops raises
the question of what farmer will do
with his land. The investment is too
great to Stand idle. Of course he will
New-York tribune., 1921-01-02

16-Liberty Bonds again weak.
17-Stutz Motors quotations barred
from Curb Association.
24-Stutz Motors shorts settle with
Ryan at $3.50 share, ffty-six
Stock Exchange firms agreeing to
tho settlement. High Cost of
Living Parade held here.
2e-Supreme Court orders Reading
Coal Trust ended. Reading COM
mon ADVANCES 13 points as buy
ing of rails increases.
May
stock Exchange closed because
Of moving day.
6-President Carranza calls off
Presidential election in Mexico.
13-Silvcr drops TO 58%d in London
and to 81 here.
17-Retail stores hold price cut sales
in western cities.
19-Break in cotton futures in New
York.
27-President Wilson vetoes Con-
gressional peace resolution.
juno
1-Federal Reserve Bank advances
redisccunt rate. Terms Of new
$5O,O00,0o0 Belgian loan an
nounced. New York Cotton Ex-
change suspends trading pending
adoption of new regulations for
future trading.
3-American Wooden COMPANY r.-
stricts mill operations to four
days week. j. P. Morgan & Co.
buy interest in General Motors.
Six governments, the United
States not included, join In ex-
tending credit to Central Eu-
rope.
5-Congress adjourns.
supreme Cour. upholds volstead
act.
S-Republican National Convention
opens in Chicago. Rail stocks
break on reduction of dividends
by Chicago & Northwestern.
l2-Harding and Coolidge named AZ
Republican Presidential ticket
l4-Sharp reaction In security prices.
l6--A. A. Ryan refuses to be tried
by Stock Exchange Board Of
Governors.
23-Board Of Governors holds meet
ing on Ryan case.
24--Expulsion Of A. A. Ryan an
nounced from Stock EXCHANGE
roStrum.
New-York tribune., 1921-01-02
Interest in Remedies

Another compensatipg aspect Of the
adversely that has evertaken American
labor is the renewed interest in rene
dies for unemployment. The unem-
ployment Of 1914-15 gave impetus to
the movement to establish state and
municipal employment bureaus. Dur
ing the war Federal Employment
Service was developed. The public was
beginning to forget the benefits which
mprehensive network OF public en-
ploylnent bureaus heading up in the
Federal Employment Service might con-
Ter. as was evidenced by the neglect to
provide means for its support and ex-
tension. Interest in the whole subject
has now been revived and the prospect
ttat we Will preserve the bureaus in
existence and place the Federal service
upon permanent footing in the right
relationship to the state bureaus is
spondingly improved This is al
the more important because Of the vital
connection between efficient public en-
pioyment bureaus and practicable un-
employment insurance. On December
8 last the new British unemploym ent
insurance act. applying to some 12.O00,-
ooo wage earners, became operative. If
our current experience with unemploy-
ment Will serve to attract attention to
this legislation and lead to its adapta-
ton to our American conditions we
may yet look back to the hardships Of
TINS winter as blessing in disguise.
Not only as regards methods of pro-
vldlng against Unemployment. but at
many otncr points, experiments that
are now being tried in Europe are
teaching lessons from which American
labor may benefit. Among these none
Is more valuable than the convincing
representation of the fatal defects Of
bolshevism that is being supplied by
Russia Tho general reaction against
1t among trade unionists all over the
world, based on first-hand information
OF the appalling Consequences which
follow the suppression Of freedom VI
industry and enterprise and of the pri-
vate ownership of capital, viii help to
make the labor movement in Other
countries less visionary and utopian
and more practically constructive.
Another promising devlopment is thei
better understanding that is. growing
up between the, so-called industrial en-
labor. E :
New-York tribune., 1921-01-02

Unless that question is settled
promptly and upon . basis that will
enable Germany to survive and fulfill
her obligations the world is headed for
further economic disaster and suffer
ing, and nobody can foresee in that case
when the turn for the better will come.
Until we know whether the moderate
and wise elements in France will pre-
vail in their present struggle, or
whether she is hopelessly delivered into
the hands Of the same kind Of military
domination that brought Germany to
wreck and ruin We cannot venture to
indulge in euesses concerning the fu-
ture economic course Of the Old World
as we'll As the New.
II actual peace is established in
Europe; If the obligations of a sur
viving and recuperating Germany will
prove an asset Of value In the balance
sheet Of her conquerors. and if, at tho
same time, political and social order
New-York tribune., 1921-01-02

A"S AoIceS OF reacC1On TO-DAY are
endeavoring to hamper the movement
Tor progress in every possible manner.
10 assume that under such circum-
stances the trade union movement will
remain quiescent is out of the oues-
tlon. Normal human life does not will
ingly submit to destruction, nor does
1T willingly submit to an impairment
OF IT'S faculties, nor restriction Of its
normal activities.
In mum ber cs industrial eenters ac-
i've campaigns are being conducted by
organized employers looking toward the
destruction Of the trade union move
ment end the establishment of what is
falsely and wrongly called the "open
shop" The "open shop" movement has
never yet established anything but the
shop closed against union men. The fact
that in the face of this campaign of
reactionary employers the strength
and the membership of the American
Federation Of Labor has grown CON
tin lously and is growing, makes it
none the less necessary to resist with
al! possible proper means the mis-
called open shop" campaign. The con-
New-York tribune., 1921-01-02
Sees Return to Farms

With the conditions likely to pre-
vail in the industrial centers, much
Of the labor which has left the farms
in recent years probably will be going
back, and perhaps more, and at terms
within the farmers reach.
The natural law always has a way
Of restoring the equilibrium when it
has been disturbed, and the people who
have been worrying about the move
ment Of labor to the cities NAV take
comfort in the demonstration that
things do not run one way all the time
Natures ways are q little abrupt and
incensiderate at times, but she gets
there just the same.
When the farmer is disposed to think
that his own lot is the worst of all, he
will do we'll to note that the people of
every occuation are in the habit of
claiming that distinction. They all
have very keen sense Of their troubles.
Fathers, as rule, say that they do not
want their sons to follow in their trade
New-York tribune., 1921-01-02
Other Problems to Meet

1t must be kept steadily in mind,
however, that the raising Of funds here
is not the whole problem or by any
means the most difficult part Of the
problem, of financing Europe (and per-
haps of some other parts of the world
in way that will help restore the
world to the normal prosperity of work
and commerce. 1t, isn't easy to raise
great sums now, not half as easy as
it would have been right after the
end of the war. But it is without
doubt easier to raise the funds than
it is to use them in European reha-
blitation in ways that are absolutely
safe. o-day it is not lack of credit
facilities here so much as uncertainty
of credits abroad, and difficulty (even
on the part OF business concerns fully
able to pay) in effecting international
settlements on a fair basis of exchange
or even at all that interfcres with
trade. Whatever measures of financial
help are proposed must be on a sound
basis of credit or they will do more
harm than good.
Europe is gaining in social and po-
litical stability. The way is being
opened for sound arrangements by
which Europe can obtain raw materials
Our own business community owes it
W iceeiI' as uleCc OI enllSnIene0
self-interest, to support whatever we'll
established and carefully planned or
ganization of extending credits may be
worked out by responsible parties here
and abroad. Our own domestic mar
ket will be stabilized by the sale of
our cotton and wheat and copper, if
of nothing else, because that will
strengthen the domestic buying power
of our South and our West, which sup
port the manufa curing activities of
the East. And our export business will
be helped by the reaction of prosperity
in the neutral markets" arising out
of Drope's renewed purchases Of wool,
meat. hides, rubber, sugar, coffee, CO.
pra, jute, silk and other "heavy inter
national commodities"