davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-12
Sterling Drops or HeauyO0
VH1lls as Supports Withdrawn,
All Leading Exchange Rates Fall; Bankers See Begin
ming Of Heavy Export Flow of American Grain
and Cotton; Three Months Ago Sterling Was $4

Withdrawal of artificial support by
the British Treasury and the beginning
Oh heavy export movement of Amer-
can grain and cotton to England and the
Sentiment were held chiefly rcspon-
s'nie yesterday by international bank
ers Tor the sudden marked weakness
IN sterling exchange rates, which tum-
pied 3A cents in the pound to s3,62&
Tor demand bills, setting new low
TOT the year, and adversely affecting
most OF the other exchanges.
The fall in sterling rates yesterday
pound since last Friday, when the
London rates began to drop with sur
prlsinng violence. Less than three
months ago the pound sterling was
selling in New York at better than Sd
pound. Rates of exchange on
France, Belgium, Switzerland, Italy ana
Germany were also lower yesterday
although the declines were not so vio-
lent as in sterling.
Gables from London reported heavy
selling of sterling there and steady
purchases of American dollars. Locally
several of the large international
sterling and the volume of business
that has been done here since Friday
last is said to have been the largest in
several weeks.
Bankers who had hand in arrang-
ing this end of the transactions in
volved in the German reparatioiis paw
ments in dollars put through month
and half ago asserted yesterday that
the pronounced weakness in sterling
and other exchanges could not be at
tributed to any new German opera
tions, since the next German repara-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-12
War Finance Corporation
AS an Aid to Cotton

Eugene Meyer, Jr., managing direc-
tor of the War Finance Corporation.
announced yesterday that the advance
of 100000 to the Staple Cotton CO.
operative Association of Memphis.
Tenn, recently announced, marks the
adoption of new policy by the d.
recrors of the corporation.
Under the terms of this transaction
the association agrees that out of the
100000 bales of long staple cotton
pledged as security, it will export with
IN one year a quantity sufficient to re-
pay the full amount out Of the pro-
ceeds Of export sales-the cotton to he
held in American warehouses until the
time is favorable for export. The adj
vance representa- approximately ore
nall of the present market value of
the cotton and will run for maximum,
period of one year but may be reoaid
sooner, as the cotton is exported and
sold anu
"If," said Mr.. Meyer Yesterday ga
similar plan could be carried ont in
connection with other types of cotton
it would be helpful in relieving the
situation. Properly financed, it would
insure the orderly marketing OF the
crop and make it unnecessary for the
producers to dump ON the market un-
duly large quantities of distressed cot
ton within short period. But II
would do more. 1t would help to sta
bilize the market SO that the consumers
of cotton would perhaps feel justified
in replenishing their stocks, which. in
most cases, are much lower than usual
at this season of the year"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-12
Days Dealings In Bonds
The Market

Unusually heavy trading in United
States government and foreign issues
stood out yesterday as che Of the most
interesting features of the market IN
listed bonds. Dealings in the Liberty
Loan and Victory note issues alone ran
we'll over third CT the total turnover
in bonds at the exchange. The price
trend in this group WAS bit irregula.
and the range of prices was narrow
considering the volume of business
done. Foreign issues, while active and
irregular, showed no striking changes.
Corporate bends continued to exhibit 3
firm tone. and in the rail group North
ern Pacific Great Northern joint ohs
went to e8A under impetus Of heavy
buying. Cuba Cane Sugar bonds were
barely steady around 57M. Few new
security issues were announced yester-
day. A number of important operations
are under consideration. but banking
underwriters are disposed to wait until
there has been further improvement N
the general situation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-12
Dominion to Borrow Later

The Canadian government is under
stood to have postponed it's plans fo,
arranging Dominion loan here this
month to refund the s15,0o0,000 note
maturity on August / next. The neces-
sity of selling new issue was obvi-
ated, it is said, by the sale last week
of S25 100000 bonds by the Canadian
National Railways, the Dominion con
trolled system. This put the govern
ment in, possession OF large dollar
il the funds needed to meet the i'm
pending maturity. Ultimately, how
ever, it is believed in well informed
circles that the Dominion will float a
large American loan. but under exist
ing circumstances this operation is
likely to be postponed until more
favorable terms than those now offered
are obtainable.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-12
Farmers Seek Probe of
Federal Reserve Board
Ask Widespread Inquiry and
Say Agriculture Is Fac
ing Ruin

WASHINGTON, July 11.--1nvestiga-
ton of the operations of the Federal
Reserve Board, the Chamber of Com
merce of the United States, and "the
great trusts, such as the steel, coal,
credit and money trusts" was asked of
joint Congressional commission to-
day by c. S. Barrett, chairman of the
National Board of Farm Organiza-
tions, and president of the National
Farmers Union.
Charles A. Lyman, secretary Of the
National Board of Farm Organiza-
tons, told the commission that agri-
culture was facing bankruptcy and
ruin.
"a policy of deflat;on of the cur
rency md restriction Of credit was
instituted by government agencies"
he said. This policy, dramatically
carried out, has resulted in loss 20
farmers during the last year of
$1,000, 100000"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-12

tions instalment is not due until the
END Of August, and they would hardly
be selling bills at this time. More
over, the next payment, amounting to
$50. 100000 will be made in sterling.
francs. guilders and other foreign cur
rencles. and will be paid in London to
the PREPARATIONS commission there. The
erect of the operation upon the ex-
change market is not expected to be
as serious as when the first payments
were made several weeks ago. This ia
in keeping with the plans Of the repa-
rations commission, it is said, which is
deslrons of arranging the payments
with the. least possible disturbance to
the foreign exchanges.
The best explanation of the current
weakness in sterling, the bankers said
yesterday, is the withdrawal of the
support given the market by the Brit
ish Treasury during the period of the
coal miners strike, plus the increasing
offerings Of bills arising out Of large
export movement of American wheat
and cotton. 1t is the present plan of the
British Treasury, it was asserted to
let the sterling market take it's own
course, and let rates seek their own
level. The decline in sterling would
tend to curtail British imports and
stimulate British exports, the bankers
pointed out, and should in the long
run prove beneficial to British in
dustry.
The prediction was made in one
quarter that rate of $3.50 is likely
to be seen for sterling before the end
of the summer. Last year sterling
rates, after an exhibition of strength
in the spring, fell steadily until they
resched low of 1882 on a decline that
ran most Of the summer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-12
London Stock Market Firm

LYNDON, July 1.-THE tone of the
''0ck market was frm to-day. Clos
Ing prices follow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-12
Days Neao Issues

r. NJ. Grant & Co. are Offering $500. 600
Alpemarle County, Va, s per cent road
bonds AS these bonds have been issued ia
provide funds for a portion of the state
highways. the State OF Virginia has con-
tracted to reimburse the country for the
principal amount of this issue. Federal
ala also has been extended the county for
TINS Improvement. The bonds direct
obligation OF Albemarle County, which for
purposes of taxation has an assessed valu-
alton OF sl6.370,51S. The bonds are being
cent
Reports that the Louisville & Nashville
Railroad had sold issue of S15, 600. geo
Sia per cent bonds to local bankers were
emphatically denied yesterday both by
representatives of the company and the
bankers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-12
Ionion Wool Prices Down

LONDON, July 1.-THE wool auc-
ton sales reopened to-day with an cffer
Of 1884 bales of good selection. There
was q fair attendance. but the demand
was slow. lower prices prevailed,
merinos and fine crossbreds being from
10 7la per cent lower and scoureds
8 ner cent down from the last series.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-12

Recent rains and the promise of gov
eminent assistance to the wool raisers
have given the general business out
look in New Mexico a more cheerful
tone, according to L. Praeger, Of Price
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-12

& Co.. retailers, of Roswell, N. NJ. who
is now in New York on e buying trip.
The low price of wool has had a de-
pressing effect upon spring and sum-
mer trade in the state, according to
Mr.. Praeger. but indications poirs TO
q broader demand for most commodi-
ties in the fall.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
BY Harold E. Scarborough
LONDON. September T.

B ;: :: T.: =: +: s:
suadinr the Snanish Armada
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
Eton Youths Mingle With
Factory Boys at Outing
Young England of Two Diver
gent Classes Find Likes and
Dislikes Quite Similar

LONDON, Sept. 5.--Public school
jackets and factory cveralls have been
roughing it together this summer in
one of the first experiments in Corning
ling the classes attempted in England.
The youngsters, from the exclusive
Eton, Harrow and Sussex schools and
from shops and factories in the East
End of London, are the guests at the
Duke Of York's encampment on the
sands near Romney Marsh, and both
groups are obeying his injunction, EN-
joy yourselves"
Glass lines are rapidly being forgot
ten in games and contests along the
beach. Until the August bank holiday
the public school boys remained "club-
by" and went about with the air of
boredom and detachment inbred by
their training. This stage soon wore
off, however, and the camp-mates are
beginning to drift together, to forget
their talk of "trig" and "geom" and
start lively discussions of cricket and
the prospects of rain in England.
The air of shy and embarrassed
wonder which the boys from the East
End brought to the camp gave place
to a keen interest in political topics
their friends were discussing. A visitor
strolling through the encampment a
few days ago was unable to distinguish
the two groups until he approached one
sun-browned lad, clad in sweater and
"shorts," with the query: Can you
direct me to the commandant The
answer came in the poised, wellbred
accents of the Elton Fairgrounds, "You
had better ask the chef" The same
question asked of the next stroller
brought the response: "Cook'll tell
you"
The estimate of their new acquaint-
ances formed by the boys from Man
chester, Leeds and the East End was
~@PA SSoSo ~ :" IVY AiOil OliS VI IHC
factory towns: "The public school boys
don't seem to behave any better than
US. They have rather slap-dash way
like this chap next to me. think he
goes to a very good school. He is a
very good bowler.
ellis school isn't like mine was. He
sleeps there, you know, and there are
cricket and football fields at the back,
and swimming pool, SO he said. He
likes all the things I do, but he can't
imagine what it will be like for him to
earn his own living. 1 told him it was
something like school, only you might
get the sack any time"
The Bank Holiday was passed on the
long stretches of sand in spirited crick-
ct games and bowling matches.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18

ampton and Liverpool to take the men
over.
We went to the consulate and they
said. Are you willing to fghtg' We
said:
Sure; we'll fight all right
"A little man there got very excited
and said Good several times. They
seemed surprised to hear that men
were ready to fight. One of Us turned
to him and said:
We'll win this little war Of yours
for YOU
"The little man said Good! again.
They gave as passports or permits.
Our fares are being paid to Southamp-
ton but other men who join will have
to get to Southampton as best they
can, although believe that eventually
their fares will be paid
As matter Of fact, many of the ex-
service men set out to tramp to South
ampton, where the Spanish transport
Aimirante Loho was lying; but, arriv-
ing there, found that there was nothing
for them to do but to return to. Lon
don. Local authorities fed and shell
tered these men as best they could.
The Spanish transport is still in
English waters. Meanwhile anybody
who wants to conduct little private
war anywhere is requested to commu-
nicate with some thousand London ex-
Tommies with unimpeachable refer
ences. Some of them, it is thought,
wouldn't mind ajoining 3 up with the
Moors or anybody else having a ven
delta against Spain.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
American Praises London
AS City of individuality
Tells Englishmcn Their Capital
Has New York Beaten
Nile for Interest

LONDON, Sept. 3.--"New York is
just box Of bricks and multiplica-
ton table, but this old town is full of
individuality" This is the view Of az
American as given to "Star" re-
porter the other day. The American
was full OF enthusiasm for everything.
in London, refusing to allow that Ions
don was dull "You Londoners have
been crying wolf so much that you
have mesmerized yourself into believ-
ing that London is dull when it isn't.
81 guess the man who cannot enjoy
himself in this city, even on q Sunday,
is pretty poor guy. There's nothing
wrong with London. -
"It's your city which gets us--not
your theaters-
"These quaint little sidewalks and
short cuts which you take no notice
of fascinate US. Right here in the
Strand I saw poky little court. No
one could do any business in it; yet
constant stream Of people were using
it. suppose for hundreds Of
years there has been a line of people
constantly trudging through that court.
There is an individuality about Ions
don. It's capital, with seat of gov
eminent. New York is the capt.
tai of nothing. There is just a dash
Of municipal politics to amuse, but
nothing else. London is full of hiss
tory"
This man, like the provincial visitor
to London, was struck by the orderli-
ness of the traffic and the lack of fuss,
and gave as his opinion that:
"The Englishman hates the man who
makes the regulations, but loves the
rule.
NThe American forgets about the rule
in arguing about the man who makes
it."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
Hungry Ex-Tommies Are Ready
10 Join Any Little Private War
Thousands in London Prospective Soldiers of For
tune as Result of Conditions and Spanish
Recruiting for Men for Morocco

card setting forth the advantages
of enlistment in the "Extranjeros" be-
gan to circulate about London. 1t was
all very much sub rosa until "The
Star" on Wednesday evening came out
with the detailed story of the Spanish
otfer-and incidently ANNOYED it's con-
temporaries by Clearly scooping them.
heretofore the recruits had been
ebbing up to the Spanish Consulate in
Bloomsbury Square by twos and threes;
on the next morning they came in thou
sands. Almost all of these men were
shabbily dressed; hundreds were
sunken-cheeked and haggard, obviously
undernourished. ALI were ex-service
men; some we're ex-officers; and they
bore decorations of every rank up to
the V. C.
The Spanish authorities, fustered by
this overwhelming evidence Of hos
tlilty to the Moors, which they had
hitherto imagined to be confined
strictly to Spain (and to very limited
numbers of Spaniards, at that, sud-
denly announced that recruiting was
off-and called the police to dispense
the crowd.
Right then and there it became evil
dent that declaration of war on
Spain was impending. After all, the
Moors were long way off, and they
probably didn't entice hungry blokes to
stand around in hopes of mythical
jobs. For few moments it looked
as though international complications
were about to ensue; but few bob
bies, who are experts at all times in
the art of handling refractory crowds,
soon dispersed this one.
Then the Spanish Embassy circulat-
ed notice to the effect that it was
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18

net enlisting men in London, hut that
at the same time there were vacancies
in the Spanish Foreign Legion, and II
any Englishman wanted to go to Spain
and join up-why, they wouldn't say
Enything to persuade him, but the Of
flces Of the military governors were st
such and such places, and the service
was very pleasant, and a gratuity of
f21 would be paid each man accepted,
and they did have transport waiting
off Southampton-e cetera.
And the consulate decided that it was
all mistake, too. They weren't en-
listing men, but merely applying vises
to the passports of those unemployed
ex-service men who had suddenly been
seized with uncomfortable desires to
go to Spain. That was all.
Meanwhile, outside in Bloomsbury
Square:
"Wot's goin' on. myte?" asked new
corners.
Another war" somebody would an
c"cl tiiCuk- Gc"Sn nuAuIeQ peters
(pesetas), which sine is 26 quid, if
you join upi"
who's 'avin' the war? And whose
side are we on, anyhow"
Spain and Morocco. We're for Spain
pronounced 'SpineD."
well, I'll ave try at it," the new
conner would decide. mot as / 'olds
with wars, but it's better than starv-
in"
A Canadian who had returned to
England, and who was out of work,
told reporter connected story of his
knowledge of the whole affair.
"a week ago" he said, San ex-off1cer
of the French Foreign Legion came
around to the Y. M. c.. A. and told US
he thought there was something doing
with Spanish legion. | went with a
companion to see the Spanish Military
Attache, and he gave US a card with
the conditions of service on it.
HE told US we would have to pay
our own passage to Spain, but we
said we couldn't, and he suggested we
might work our passages. Then he said
he would communicate. with the Spanish
government, and eventually we under
stood that there were boats at South
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
Trotzky Credits Cars Officers
With Forming Great Red Army
Bolshevik Military Chief Raises Curtain of Secrecy
ON Details of Mobilization of $780,
600 Soviet Troops

VIC were able to escape. Probably the
tire prevented the scared enemy from
seeing US. We returned without diff
Guilty with only our rudder broken.
THE effect was enormous. At dawn.
after short battle. the Whites evac-
uated Kazan. The following day,
Toukhatchevsky took Simirsk. Our
army then finally gained confidence.
Since then it has known only success.
"Then the true work of organization
began Our partial notifications. in
all, were insufficient. We began to
mobilize regularly by classes. The
number of DIRECTORS diminished. Bill
boards, meetings, satirical plays, tri-
bunals-ail means of recruiting were
used. We recalled the former Czarist
officers. The French Revolution had
used barely half Of the $4,000 officers
of the king, but out of our million
we used hundreds of thousands. 1t is
true that some of them became traitors.
Our 18th Division of Nigni-Novgorod,
for example, our pride, was massacred
in the spring of 1919, during the re-
bellion of the Cossacks of Krasnov,
because of the concentrated treason
of the chiefs. We arrested the families
of the officers and held them as hos
tages.
I'VE created commissaires of the
army. But the Soviet Congress ranked
them only after the generals in chief.
We have placed them in all the divi-
sions, brigades, regiments, and have
added in each company political guides
to sustain their DEGREES. In each army
two commissaires and the commandant
formed the war council. Though they
were responsible for all treason, their
DEGREES were inviolable, and possessed
absolute power of life and death over
all !"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
Number of Male Births
Rises With Living Costs

In a recent article of Science and
Progress Allan S. Parks gives some
curious facts relative to births accord
ing to sex. The number of sexes at
birth are never equal-there is always
some irregularity. Nearly everywhere
males are in excess, which, incidentally.
is very useful. AS the male sex is more
fragile and pays a heavier tribute to
infant mortality the proportions are
thereby almost reestablished.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18

WV ACk around 1861, when Queen
* Elizabeth's jolly sea dogs were
very much occupied in per-
suading the Spanish Armada
that a northern climate was not suit
able for meridional tars, nobody ever
suspected that $50 years later Spain
would be recruiting mercenaries in
London.
Anybody with enough money and an
adventurous appeal can enlist soldiers
of fortune in any great city, but when
a purely wordof mouth advertisement
for soldering at 70 cents day "and
found" can draw queues of men who
went through four years of real fight
ing. and when single newspaper
story can augment those queues to
crowd of 2,5o0-why, then, times must
be very hard, indeed.
1t was revelation to quite lot of
Londoners that thousands of men who
fought for them against the Germans
had reached such pitch of desper-
alton that they were willing to under
take the task of fighting Moorish
tribesmen on behalf of an alien king
And it was more than revelation to
the Spanish consular authorities here,
who found themselves very much en-
barrassed by the sudden limelight into
which they were thrown.
1t appears that the Spanish Foreign
Legion consists of four companies and
that recently it was decided to form
another two companies. Possibly the
recent reverses of the Spanish army
in Morocco had something to do with
the decision.
At any rate, a couple Of weeks ago
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-18
Body of Essad Pasha Still
Unclaimed in Paris Morgue

PARIS, Sept. 8 (By Mail) 1.-The body
of Essad Pasha. the former Turkish
general and dictator of Albania, who
was shot and killed by an Albanian
student on leaving his hotel, fourteen
months ago, is still lying in the mu-
nicipal mortuary unclaimed
No one appears to be interested in
the disposition of the coffin contain
ing the remains of the once proud
dictator. Should no claim be made for
the body within eight months, the city
of Paris will have it carried to a nau-
nicipal cemetery or Potter's Field.
Australia Has Gold Rush
SYDNEY, Australia, Sept. (By
Mail).-A rich gold discovery is re
ported from Glen Innes and rush
has set in.
The Butler weekly times and the Bates County record. (Butler, Mo.) 1918-1950, 1921-11-24
large and varied.

Merchants making attractive
Holiday avoid Christmas and Christmas
Shoppers unhlrried
at
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1921-03-10
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