davidaulloa/AmericanStories huggingface dataset:
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-01-08
CHILD SAVING WORK
IN ARMENIA TOLD
BY AN AMERICAN
Charles V. Vickrey Gives Facts
of Near East Relief Pro-
gram for Orphans.

Charles V. Nickrey, general sccrc-
tnry of the Near East Relief, has re-
turned from trip of inspection
throughout Central Europe and the
Neal East, and made report to the
trustees of the Near East Relief in
which he covers in detail the actual
work Of child saving now being con-
Quoted by the great American reIi"t
organization in She Near East. Mr..
Nickrcy believes that "a few millions
Of dollars wisely expended at this time
in the education of the children or
the Near East, in character building
end in moulding these young lives,
will be worth vastly more to the world
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-01-08

First Church of Christ, Scientist,
Sunday morning service at 1915.
Sacrament"
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-01-08

TO RENT-Warm furnished front
room. Pleasant house IS II. Il. st.
l64-tf
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-01-08
CARD OF THANKS

We wish to eXpressour deep ap-
probation and thanks to our friends
and neighbors and the various organ
izations for the many acts of kind
ness shown during the illness and
death of our beloved husband and
father.
Mrs Geo. w. Hooker and family.
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-01-08
Sunday Ccool at IL and Carry On So
Getty at 5.U0 o'clock.
ST. JOHNSBURY
local News

The Searchlight Club will meet
with Mrs. Lindol M. Scott at % Sum
mer street Monday evening at 7.30.
Executive board meeting at 100
0 clock.
The many friends of Hugh W.
Hastings Esq, formerly deputy coun-
ty clerk and now practicing law in
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-01-08

than billions of dollars spent later in
suppressing international warfare and
strife"
Mr.. NiCkrcy considers the need in
thc Near East and especially in Ar
mrnju greater than anywhere else in
the world because. rs he says, in the
countries Of Central Europe there arc
going governments which have merely
been temporarily impoverished by war.
IN the Near East, on the other hand,
lhrr" is no such thing as stable gov
eminent The whole fabric of the
state has to be created from the be-
ginning, and the innocent and help
less children have to he trained to the
responsibilities OF future citizenship.
reacc in the Near East and, in great
measure, throughout the world, will
depend very largely on the character
of The. citizenship Of the peoples of the
Near East"
Irresistible Appeal of Orphans.
Describing the urphanagc work Of
the Noar East Relief in the Armenian
Republic, Mr. Nickrcy said:
"Nc have at AlcNandropo in the
CaucaSuS, one orphunage where there
lrc approximately 10000 homeless
children, futhcrIe4S or mothcreSS
many Of them having no known living
relative Some of them do not even
know their own names or the place OF
then birth. They have shown wonder
FIJI rrcupCraliNc powers and to see
Them play their Kindergarten or other
games under tho direction Of our Amcri-
ran relief workers, one could never be
licye that they had passed through
the years of suffering that most of
them have experienced since they. or
lho.r parents, were driven from their
louoS in Central Turkey five years
uGo.
"l'Or the accommodation of these or
nhHnS there are sixty splendid stone
buildings. erected as barracks for the
Russian army. These Buildings are
now given to us by thC Armenian gov
crnmrn, for a period Of ten years and
lend themselves admirably to relief
purposes,
"Ih'S 0rrIanage at AIeXandropol Is
h'lt ono 81 Inc -" ornhallages tlat the
N'ar East Rell't IS now operating III
Wrj''S parts of the Caucasus, Anato-
liza, 'IIifla, SYRIA anu the CONSTANT
nor straits area.
hjriy miles from AIcXandropoI. at
kar', there IS another group OF Rus
Sial army barracks which were given
US 'N the Armenian government for
IrIr purposes. WAS gong through
tn dormitorios OF TINS "rphanagc ut
kufS when the young American col
lee" ctrl in charge turned TO me and
tnld; MT. NickrCY II sometimes makes
me feel inst n little older than Me
thu>"lnh to be called "Alothrr' by
COCO OF those Armenian chiIdrcu'
AMI That is exactly what sSc was
tn" only mother that these G,OOO Ar
meuian children hayc, except MS she
nN:,ilS herself of the Organized assist
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-01-08
CHURCH NOTICES


At St. Andrew Episcopal church
Rev. A. P. Grlnt, Ph. d., rector the
services are as follows; 8 a. M holy
communion; 1880 morning service
p. III. evening prayer
-
A. tbo r,orn;,r yo,,ico ot Cr.co
Ma+hoG;s+ nbnrch nov Dr r p
Frost viii sneaE on "Thc Gricf Of
CT" H. snbioct ~ tbo n,,oninn sor.
The New York herald., 1921-04-14
$3.50, 100000 TO CHANGE
HANDS HERE TOMORROW
Transactions Led BY State In
come Tax Payments.

Financial transactions second only TO
those of q date for quarterly payment
OF Federal income and excess profits
taxes will take place tomorrow, when
about s250, 100000 will change hands.
The effect on the banking position VIII
be relatively small, although the pay
ments for State income taxes cannot
be handled quite SO smoothly as the
Federal income and excess profits taxes
are handled.
Total receipts in this city by New
York state as the return for State IN
come taxes will probably exceed
sJO.0Oo.OOO. On the same date the Gov
ernment is scheduled to pay out about
$50 900 600 as semi-annual coupons on
Liberty bonds. Banks will enter their
subscriptions to the New York portion
of an offering of sl5O 100000 5la per cent.
Treasury certificates of indebtedness.
At the same time the United States
Treasury viii retire sils, $50. 900 maturing
certificates Of indebtedness. of which
nearly s50,000.O00 are held in this district.
To wash this latter transaction the
Federal Reserve Bank of New York an
nounced that $7, 100000 of United States
deposits would be withdrawn from men,
ber banks Of the New York district.
These transactions. all scheduled for
tomorrow. will cause considerable fluc-
tuation In The bank statements to be
published Saturday, SO that the bank
conditions will not be reflected normally
before the end of next week.
Rates for money are expected TO be-
come easier at the early part of next
week.
The New York herald., 1921-04-14
ADDED TO BIG BOARD.

The New York Stock Exchange has
adnitteg to the list the following Sc
curities.
Kingdom Of Sweden. ~S25. .0yo 900 OF
twenty year 6 per cent. bonds Beech
Nut Packing. s1.119,500 OF Z per cent.
cumulative preferred stock, class II !:
Cuban American Sugar $4,000 600 OF
first mortgage collateral per cent
sinking fund bonds Superior oil, 2s,COo
shares Of additional capital stock
American Agricultural Chemical s52.-
900 OF additional common stoek: City
Of Berne. $4,000. 900 of twenty-five year
per cent bonds: Tnvincihle oil. s2,-
250.0e0 or additional capital stock :
Texas Company. s21 100000 u acuI-
tional capital stock Nashville Chatta-
noogo ard ST. Louis. $4,000 additional
mortgage bonds: Canadian Northern,
$50. 600. 900 Of twenty year per cent
dcbcntures. Cerro dc Pascp. 5000. 900
OF ten year : per cent. bonds Inter-
national Cement. le0.s60 shares OF capi-
tai stock Morris q Co., sT.7b0.o00 Of
additional AZ per cent. bonds United
Alloy Steel. $4,000 additional shares
OF common stock Sinclair Consolidated
Oil. $t7.7S1.3o0 OF convertible gold
notes and s2i7.T00 Of 5 per cent. pre-
ferrcd stock Gray a. Davis. 1882
shares OF no par capital stock: Penn
Seaboard Steel 1900 additional shares
or capital stock Middle states oil,
s2250 GOO Of additional cap'tal stock.
The New York herald., 1921-04-14
U. S. START COPPER
SHUTDOWN INQUIRY
Suspensions of Operations by
Companies May BE Viola
tion of Sherman Act.

The action OF several large copper
mining companies in suspending opera
tions at or about the same tine recently
has been made the subject OF investiga-
tion by the Federal Department OF Jus
tice 10 determine whether the sherman
antitrust act had been violated ac-
cording TO informa tion obtained yester-
day. The head Of ar least one large
producing company Is said 70 have been
called on by a representative of the de-
partnent.
It was said that the department was
endeavoring TO determine whether the
closing down was the result OF an agree
ment. Besides. Federal agents are un-
derstood TO be looking into the reported
determination of a great many pro-
ducers not to sell their surplus copper
ct present below cost market prices.
Some weeks ago the copper producers
met to formulate plan for financing q
portion OF the tremendous surplus of
copper stocks. A plan was evolved
whereby s40,00o.0oo was raised on the
copper, which was pooled for export
sale under the Webb law. At that time
u was intimated that certain companies
had decided not to sell their product
at current quotations and Il - believed
that the Department Of Justice Is de-
sirous also of finding out whether there
was an agreement to withhold copper
from the market pending the stiffening
OF the price.
The New York herald., 1921-04-14
COMPANY WILL RECAPITALIZE,
Producers and Refiners Plan Also
includes Exhaustion.

According to word received yesterday
In the financial district from Denver
directors OF the Producers and Refinsrs
Corporation have announced plans for
recaptalizing the company and expan-
sion Of its activities IN Wyoming and
the midcontinent field. According to
that report. the company's stockholders
viii be asked to approve an increase OF
s10,000.000 in its common stock and
issuance of s5.000.0 900 of it's ten year S
per cent. convertible bonds, OF which
s2.500.00 will be underwritten by bank
ers i'm New York and offered pro rata
TO stockholders. The par value of the
stock will be raised from $40 to $50
a share. Az revised there will be
10000 shares of per cent. preferred
stock and $4,000 shares of common
stock authorized.
The gross and net earnings OF the
corporation for three months ended on
February rs, before depreciation, de-
pletion and Federal taxes, were as fol-
lows: December gross. s535.567: net,
$366,960; January, 1921. gross. sdT2.373;
net. s275.57s; February, gross. $780,
596 net, Sif4.Sf5.
The New York herald., 1921-04-14
1920 A RECORD YEAR
FOR HARVESTER co.
Profits LoDer; Inventories
Cut OFF 81, 500, 900 Earnings.

CHICAGO. April 1.-THE International
Harvester. Company's annual report,
made public to-day, showed net profits
for 1920 OF si6,655. 900. against s2c,oll,-
600 in 1919 The percentage or net
profit to capital invested was 10 per
cent. against s.e per cent. the previous
year.
Despite the reduction in net profits
the company's sales we're the largest
In its history. totalling s225.0oe,0oo.
In 1919 the sales totalled $212,ooo. 600.
In the foresyn field, despite many DIFF
ficulties, sales amounted TO 100000
900. breaking all records. Profits on
foreign sales were declared TO exceed
those Of the preceding years.
Machine selling prices in 1920. ac-
cording 10 the report, showed an aver
age increase OF about 60 per cent above
pre-war prices, and repair parts showed
an average increase of 40 per cent.
The total inventory at the end or 1920
was given as si31,t34.196. adjustments
In which. II is declared, cut s7,5o0.eoo
from the years earnings. The COM
pany's capital expenditures aggregated
s13.550, 900 for new plants. additions.
extensions and improvements.
Under the companv's extra compenss-
ton and stock ownership plan, IN effect
for the first time last year, whereby ~
per cent. Of the profit in excess Of
per cent. on the invested capital wss
to no 10 the employees. ,26S VIII be
distributed on May ! among approx
matcly 1900 eligible employees. The
average number OF employees In 1870
was as, 80. with a total compensation OF
$50 a300 000 Under the company's indus
trial council plan there are now twenty
two works councils, with It's employee
representatives.
The coYnpany's plant Mt Neuss, Ger
many, formally returned TO the COM
pany in June. 1870. has been operated
throughout the year and fs meeting the
demands of trade. The Groin works,
near Lille, France. which had been
stripped OF its machinery by the In
vading German army. has been restored
as strictly modern plant and is now
In complete operation. Nothing was
known regarding the cornpany's plant
i'm Russia. but it was declared that so
far as known the property had not been
taken from the company by the Soviet
Government
The New York herald., 1921-04-14
WILL FORM A NEW
EXPORT SUGAR co.
Organizers Expect to Borrow
S2O,000,OO0 on Acceptances
for Cuban Movement.

Al a meeting this morning will be
completed final details OF the formation
OF a s., 600, 900 financial and exporting
sugar company which is to borrow $780,
0G0. 900 on acceptances TO finance the
movement of Cuban sugar. This COM
pany, TO be known, 1t is understood, as
the Cuban and American Sugar Financ-
ing Commission, will have its entire capi-
tai subscribed in cash by the Cuban-
American Sugar Company the Cuba
Cane Sugar Company, Czarnikow. RI
onda & Co. and affiliated concerns.
Bills will be issued against sugar
stored in warehouses pending its move
ment and sale. and these bilis VIII be-
come aeceptances when taken BY such
institutions as the Guaranty Trust Com
pany, National City Bank. Chase Ma
tionnl Bank and Irving National Bank.
AS collateral for the ninety day accept
arces the sugar viii be taken at so
bag approximately 2R cents pound.
Officers of the new company VIII pe
Manuel Rionda, president. Robert Haw-
lev and Victor Zeballos, vice-presldeh.s.
It was reported yesterday that >. r.
Morgan & Co. would be one OF the ac,
cepting Institutions. but it WAS polHteo
out that the work can be done by the
hanks mentioned and that paper IN
dorsed by IA private banking mouse
would not be eligible for rediscount al
the Federal Reserve Bank. The Nor
gan firm does much acceptance business
and paper indorsed by It as acceptor. az
though non-eligibe. commands approNl-
mateIy as high market value as ell
rible paper The rule is that eligiDie
acceptances for rediscount at federai
Reserve banks must bear the fndorse-
ment OF member banks.
Albert Strauss of ]. & w. Seligman
& Co, has in hand the question OF eligi-
bility OF the acceptances based on bills
of the new company and It is expected
that announcement viii be made to-day
that the paper is eligible for rediscount.
The organizers believe the plan VIII pc
of benefit to the planter without any ef-
feet on the selling price of the sugar.
The New York herald., 1921-04-14
CHINA TO ACCEPT
CONSORTIUM PLAN
objection Because of Loan Re-
strictions Are Reported to
BE Overcome.
Special Despatch to TIrs New York HrRatp
New York Herald Bureau,
Washington, ID. c., April i3.

New York Herald Bureau,
Washington. ID. c., April l3
China is about to accept the inter-
national fina.icial consortium plan, which
aims to finance national and provincial
governments in China for building rail-
ways and other economic projects.
There has been considerable objection
in China t. the plan because OF the
limitations Of the projected loans to
governmental agencies Cable despatches
received during the last few days indi-
cate that that objection has been over
come.
Chinese opposition to the consortium
was also based largely on the claim that
the features OF the plan limited Chinese
autonomy. but the Government and
banking groups responsible for the re-
organization of the consort!um have felt
that the only practical way in which the
reccnstr,rction Of China can be effected,
with regard for the proper use of the
loans. is FOR the consortium 10 have
supervisory powers over the expenditure
OF the moneys advanced.
me condition OF the Chinese treasury
Ia raported to be desperate. The Gov
eminent is experiencing difficulty IN
paying it's civil employees ana IL SOL
tJ,ets and Il In felt that without imam
cial assistance II might not long sur
vive.
II is recognized that the only alter
native for the consortum would be re-
version to the old system under which
the Chinese Government might obtain
loans from abroad by pledging It's ma
tiooai resources Under that system
there was constant conflict between rival
foreign interests, political, commercial
and financial.
II is expected that thcre win be soon
formal announcement OF huge loans 70
China. probably calculated In pounds
sterling. to finance the Governments
immediate needs and mainly for the
construction OF railroads. In that all
road building movement the United
States is expected to play possibly the
most conspicuous part. because Of its
larger Facilities for rapid mass produe-
ton Of the necessary materials.
The New York herald., 1921-04-14
pHELPs-DoDGE SHOWS LOSS.
Reports Deficit of s3.76e,sss Dur
ing 1920.

The report OF the Phelps-Dodge Cor
poration for 1920 shows a surplus, after
charges. depletion and depreciation, OF
s733,112. or sf63 q share earned on It's
ousta pding stock. In contrast to sT.1t a
share earned In 1919. It's net earnings
were S56e5 .453. against sS,l2l.7so In
the preceding year. and depletion charges
amounted to s3se6, ,2i5, against s3.7ss.-
3sS. Depreciation was written off at
81 .26s. .0s6. and dividends Of $4,000, 900
were distributed. leaving deficit for the
year OF S3,766.SSS.
"The operating costs have been high"
the report pointed out Wages were
not reduced during the year; the price
OF supplies showed marked advance I,
freight rates. already high. were raised
by the August increase 60 the point
where they are excessively burdensome.
These and taxes In Arizona have reached
point where they are seriously mem
acing the output OF any but high grade
orc. Western taxes alone having practi-
cally trebled since 1914. In addition,
curtailed operating conditions necessarily
result in n greatly Increased overhead
charge per unit mined and treated"
The New York herald., 1921-04-14
STEEL MEN DIVIDED
ON EFFECTS OF CUTS
Trade Will Be Revived, Some
Say: Others Contend New
Level is Artificial.

Opinion was somewhat divided among
steel men yesterday as to the probable
Immediate effect OF the United States
steel Corporations price cuts announced
Tuesday, although all were willing to
admit that ultimately the reductions
would have a beneficial effect. An Of
ficer of large independent company
which has both lowered and raised It's
prices within recent months said there
are three vitality important factors In
the steel industry. and until they are
recognized and remedied the trade viii
remain in its present state of stagna-
ton.
The three factors he enumerated were
lower freight rates, readjustment Of
wages in the building trades and re-
vision of taxes. The present costs OF
steel manufacture directly traccable to
high freight charges. he said. are enor-
nous Wages in the building trades,
he asserted, have reached the point at
which building is virtually at a stand
still, thus removing an important buy
ing power for steel products revision
OF taxes mas Deen adHlllleu 10 DE u
necessary step not only for the benefit
of the steel industry. but for almost
every other industry In the country.
IF the effect of the corporations ac-
ton Is to stabilize prices said Il. A. s.
Clarke, president OF the Consolidated
Steel Corporation, "the effect should be
to stimulate exports of steel. I believe
that there is considerable buying power
abroad and that the foreign buyer will
begin purchasing when he Is convinced
that prices are not going any lower"
The Steel and Tube Company Of
America announced yesterday a new
schedule OF prices on merchant pipe In
volving a cut of $40 a ton. Other inde-
pendents are expected to make a similar
reduction soon.
The IRON Age says that the new turn
in steel prices has caused more stir than
the steel market has known in months
and It's effect on the volume of business
is being widely canvassed.
The Iron Trnde RerisD says, speak,
ing OF the price reductions:
TT remains to be seen whether busi-
ness will be stimulated and the view Is
expressed in some quarters that the new
levels are artificial and do not conform
to the law of supply and demand any
more than previous quotations"
The first shipment of iron ore OF the
season cleared Duluth Tuesday. The
composite iron and steel market average
of the IRON Trade Reuie,o this week is
s439o. against s43.s6 last week, and
S45.25 four weeks ago.
The New York herald., 1921-04-14
TRADE BETTER, SAYS TOPPING.
Republic Company's Operations
Satisfactory So Far This Year.

At the annual meeting of the Repub-
lie Iron and Steel Company stockholders
yesterday John A. Topping. chairman,
declared that both production and prof.
It's have been satisfactory SO far this
year The demand Is slowly improving,
he said, and an upturn in bookings has
taken place.
THE outlook for iron and Steel" Mr..
Topping added. while more encourag-
ing, does not indicate year OF normal
profit, as trade conditions throughout
the world will doubtless require further
establishments, and a full demand for
iron and steel cannot be expected until
values have become fully stabilized"
The New York herald., 1921-04-14
CONSOLIDATED EXCHANGE.

Csbled advieos announcing inc de-
cisiou Of British railway and transport
workers 60 strike tomorrow and CON
tinuance OF per cent. rate on ceu
funds were Influences for lower quota
tions In most lndustrials during yester-
days trading IN the Consolidated Stock
Exchange. Several spcciaities ana 7-rsne.
contir entail OF rscvoc against sh- xsn,
The New York herald., 1921-04-14

to S2ts international Paper 3 to sfN
American Wooden, l to TiA United
States Rubber. 70 72M Tobacco Prod
ucts % asa American Sumatra, rs
to 72ta Atlantic Gulf TO 81. and Marine
preferred. = to 49at
Mexican Petroleum yielded tas to
1884 Royal Dutch. New York. y ta
t03a baldwin Locomotive. 2t to Sf1s
Republic Steel iTs "a 6Srs Bethlehem
steel ~ 1& 70 5slks United states
steel 10 5a& lackawsnna steel. ~ ~
t7N studcbaker, u 70 77N Pierce
Arrow, ! X TO 32h, and Chandler n fh.
The New York herald., 1921-04-14

erai trend and finished with fair im-
provement for the session. Rails we're
under pressure from the start. net losses
In them being point to more than .
points. Gains Of 3 in Remington % s4
and 2S in Coco Cola TO 26@ and de-
cline OF az in Northern Pacific 70 50 "
were feature changes.
Great Northern preferred was offered
down 2A 10 sfh Reading. = TO ~
Southern Pacific. 1 y to 7a ST. Paul
TO "a: Union Pacific, 2 TO ia; st. Louls
and Southwestern, ! 10 2sh General
Asphalt. ga 70 sN&1 Central Leather.
The New York herald., 1921-04-14
LACKAwANNA STEEL PROFIT.
First Quarter Ea~ns Cents
share Compared with Deficit.

The L.ackauanna Steel Companys re-
port for the first quarter Of 1921 shows
net profit after charges and federal
taxes OF ss,7s5. or two cents a share
on the outstanding capital stock. This
compares with a deficit of $449,72o in
the corresponding quarter of 1890.
Net earnings after expenses and taxes
we're s667.e95 compared with $S3s.s1o
in the same quarter year ago
Interest charges amounted to 2s0.0Ss
against s274.e7s. depreciation to S545.s
against s45s.1,2. and other deductions to
s5:.. s6l compared with S537Ia.
The New York herald., 1921-04-14
ADDS sa7 500. 900 CAPITAL.

TRENTON. n. r., April l3.--1he
Pressed steel Car Company to-day fled
"A certificate Of increase of capital from
s25, 900 900 TO se2. 1000. The Increase
Is divided into $4,000 shares ~ 500
par common stock. Tho company's pre-
ferred stock consists of 10000 800
sha rn~
The New York herald., 1921-04-14
DETROIT RArL EARNINGS DRop.

The Detroit United halfway Corpora
;or earned net income If Si.233.5T5
~ 1920. compared with si.tlS.6s6 IN
1919. according 10 tnc annual report.
The years surplus. after si,20o.0o0 was
paid out IN dividends, amounted 10 s83.-
us. compared with sf1s.6e6 for the
same period IN the previous year
The New York herald., 1921-04-14
SUGAR.

The Cuban Committee sold yesterday
new crop raw sugar 70 a local operator
At tas cents 9. and T. Outside sugars
sold at Az cents. c. L {. tfull duty), or
s.6t cents epot. dutS paid.
The range or prices iu yesterdays
sugar futures market follows