davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-08-14

reached at least before a conference
report could be reached. The great
question is whether it will be possible
to hold the House that long There
is the call of the campaign. in which
almost all the House members are
candidates for reelection, and the re-
sulting problem of getting them to re-
main in Washington to vote on bill
in which there is little or no interest
possibly serious bareback from those
who realize the bad features OF the bill.
Democrats Satisfied.
The Democrats In both the Senate
and House are well satisfied with the
fight they have made against the rates
In the bill. even though they succeeded
in making few changes. They believe
they have made their case before the
country. which will realize. when the
proper times comes. that the Democrats
have opposed at every stage the un-
scientific rates imposed which will
mean nothing but an increase In the
cost of living.
The Democrats now. from a political
standpoint. are anxious that the bill
become a law, which accounts for the
willingness of the Senate leaders to
agree to the date for final vote. They
feel that nobody believes the original
charges that the Democrats were fii-
clustering against the bill--charges
made on the floor on several occasions
during the first two months of the de-
bates. The dat eset for voting Is, in
fact that proposed more than two
weeks ago by Senator Simmons GDem..
n. Co., the minority leader in charge
of the tariff BILL
The Democrats, of course. have not
teen without their own troubles. 1t
has been hard TO hold some of them
in check. The program at first called
for a fight against every rate, and the
Democratic Senators primed themselves
The New York herald., 1922-08-14
Continued from First Page.

influences which will dictate changes
i'm the Congressional lineup are less fa-
'vorable for tho Democrats than they
appeared a month ago. The experts
of Mr.. IIarding's party, stipulating cer-
tain reservations that may arise out OF
the present turbulent Industrial situa-
ton, base their hopes on the decision
of the people 10 permit the Republican
party to prove the alleged value OF the
undertakings designed TO remove
causes for present dissatisfaction.
Republican leaders assert they will
be able to convince the voters of the
country that the Fordney -McCumber
tariff bill Is not really so bad as it has
been presented by Republicans as we'll
as Democrats: that desirable economies
have actually been accomplished in
the management of the Government; !;
that some of the reforms adopted by
the executive branch of the Govern
ment will eventually yield tremendous
benefits.
1t will be pointed out that the au-
thors of most of the blunders credited
to the Republican ma ajorty in Con-
gress will be corrected by their elimi-
nation from the Congressional situa-
ton
This, of course. has reference to the
defeat for denomination OF Senator
IcCumbcr, joint author with Repre-
tariff bill and irritating bonus legisla-
. ton. Mr.. Fordney himself has elected
to voluntarily retire. This decision,
according TO Republican as we'll as
Democratic critics, was due to the con-
viction of the original sponsor of the
tariff and bonus hills that the voters
of his district would retire him any
way.
Fenr Insurgents More.
In putting forward their best foot,
as it were. Republican leaders are
supremely confident general conditions
of prosperity which they say are just
ahead will influence voters against
dividing the responsibility for the con-
duct of Congress.
If Republican predictions are justi-
fled there will be little if any change
in the present partisan division OF the
Senate. Leaders of that party admit
possible increase of insurgent SEN
timcnt' through the possible election
of Mr.. Beveridge of Indiana, Mr.. Howell
of Nebraska. Mr. Brookhart of Iowa
and Mr.. Frazier of North Dakota
The chief Republican troubles are ex-
pected to result from the activities and
individual ambitions OF members of
this group rather than from any mate
rial increase in Democratic represcn-
tation.
The fact is, the Republican leaders
except to pick up n Senate seat or
two to add to the margin of twenty
four votes they now enjoy. A study Of
conditions existing in the States which
The New York herald., 1922-08-14

for such tactics. Then they switched
their policy to expcditing the bill, with
the result that some of the Democrats
have refused to be throttled. 1t may
be that TINS has delayed the Senate's
consideration of the bill. but, at most,
only for brief time.
Because of the probable political ad-
vantage the Democrats will not stand
in the way of the bill becoming a law
They will. therefore. If the measure
comes out of the conference committee
in time. do what they can. campaign
or no campaign. to help get quorum
necessary for a vote
The New York herald., 1922-08-14
NEW DRIVE is BEGUN
TO PASS BONUS BILL
Attempt to Cocrce Senate Seen
in Deluec of Tclegraphic
Threats.
RETALIATION BY ANTS
Disabled Veterans Offer
Strongest Protests Against
Proposed Raid OH Treasury.
Special Dispatch to THE NEW YORK HERALD
New York Herald Bureau.
Washinrfon. ID. G.. Aug. Il. [

Washington. ID. G.. Aug. IL.
All the pressure ait the command OF
the American Legion has not been
strong enough to stay the opposition Of
manned. sick and disabled veterans to
the $4,000 100000 bonus raid on the
public treasury.
This fact will be clearly revealed
when the Senate takes up the Mccum-
her bin next week. IL the supporters Of
the measure succeed IN bringing It up
ahead OF vitality important Industrial
legislation which may be needed to solve
the coal and railway strike problems.
Politicians in the American Legion
who have won support for the bonus
raid by threats OF political reprlsals
against unsympathetic Senator'S will at
tempt to counte-act the effect of op-
position to their scheme from real vic
ers A new drive to coerce the Senate
into passing the Mocumber bill, to which
the President is opposed, has already
been launched.
OF the country are already deluging SEN
ators with telegraphic requests. roint-
ing out the dsagreeable political con-
sequences they predict will result from
the failure of the Senate to grant them
Government cash for their patriotic ser
vices While the legion politicians arc
developing the full resources of their
propa ganda machine in favor of the
ruid rit a ~
taliating by urging the complete repu-
diaton of the attempt to reward pa
triotic services with Government cash.
Most Impressive Protests.
Most impressive of the protests
against the enterprises arc those that
come from the real victims of the world
war--the men who were actually dis
abled by German bullets. Two delega-
tions OF disabled from Walter Reed and
Mount Alto Hospitals have already
urged President Harding TO defeat the
attempt of the American Legion Off
cials to raid the Treasury for the bcne-
fit OF abe-bodied service men. The
objections urged by these veterans will
figure in the debate over the bonus bin
II 1t is called up IN response to the de-
mand of Senators who still attach i'm
portance to the organized soldier vote.
A new element In the situation was
introduced to-day by the National Dis
abled Soldiers League. This organza
tion, which Is composed wholly Of men
who were actually disabled in the SER
vice OF their country, has "A member
ship OF $4,000. Only men who have been
rendered incapable of caring for them
selves are eligible for membership. The
head of the organization is John X
Nolan. who as commander OF IL re-
ccives no salary and in fact works for
a living despite the .act that he was
The New York herald., 1922-08-14
Position of His organization.

In stating the position of his orsani-
zation to-day, Mr.. Nolan said
If every soldier advocating bonus
bill could be brought 10 realize that
the benefits will he obtained at the ex
pense Of men who served in the trenches
and lost an arm or leg, or were
blinded or rendered mentally nnbal-
anced. they would not be so enthusiast
tic for il. Nearly all Of the disabled
veterans are against the bonus. At the
last convention OF the National Disabled
Soldiers League a resolution was unan-
imously adopted denounclng the bonus
The disabled soldiers also believe
substantial ajority of able bodied ex-
service men are against the scheme.
The only soldiers who favor the bonus
for able bodied men are those who have
been fooled by the men in power in the
American Legion and Veterans of For
eign Wars
How did tho agitation for a bonus
for able bodied men start? Two years
ago when the American Legion and
Veterans of Foreign Wars were con-
ductlng drives for more members they
adopted the slogan "A cash bonus for
all soldiers Most Of the really patriotic
members OF the two organizations
dropped out leaving those who were
willing to accept tho bonus for their
patriotic services. Since that time the
membership of the legion has dropped
from 100000 to around 100000.
"Thc daily bin OF the Government
for taking care of the disabled veterans
now amounts to si00o.ooo. Director
Forbes of the Veterans Bureau told me
the other day il may reach s3.000,oo0
or s4,000.000 day. Competent Gov
ernment officials have expressed to me
their doubt as to whether the Govern
ment can safely stand this strain. but
there is no doubt the Government will
End way TO do II, regardless OF what
il viii cost
The New York herald., 1922-08-14
SENATE AND HOUSE
1 TO Fight ON TARIFF
Delays in Conference May
Put Bill Off Until After
the Elections.
INDIFFERENCE is SEEN
Returning Representatives
Report Either Apathy or
Strong Opposition.
TO CONVENE TOMORROW
Likely to Oppose Being Held
In Session for End of the
Battle on Rates.

Spsctnt Disputch TO THE NEw YORK HERALD.
Washington. ID. G.. Aug. 13.
Republican leaders were beginning
to realize tonight that their troubles
over the Fordney -McCumber tariff bill
have only begun. The definite decision
of the Senate TO vote on the measure
next Saturday has created an acute
legislative problem, which. with time
limited, must be solved forthwith II
there is to be any action during the
present session.
House leaders, returning to Wash
ington for the reconvening of the
House on Tuesday. brought reports
that the country is far less interested
in getting the tariff bill into law than
commonly had been supposed In sec
tions where the newspapers have been
revealing the high rates imposed by
the bill there is a strong sentiment
against the measure. Elsewhere there
is an utter lack of Enthusiastically
no demand for extreme protection.
Among the House members, conee-
quently, there is a feeling that the bill
should be laid aside until after cleo
tions, although this opinion is not shared.
except in a few instances, in the Sem
ate The result is that the coming
week will be given over to large ex-
tent to conferences between Senate and
House leaders. out of which in all proba-
bility will come a program which should
be fairly well known within the next
week.
2,tOO Changes in BilI.
Meantime tho Senate will go ahead
winding up the details OF the bill pre-
liminary TO its passage next Saturday
under the unanimous, consent agreement
arrived at YESTERDAY. To-norrow's work
will be taken up with the sundries sched-
ule, which probably will be disposed OF
by the en-, OF the day. With the free
list cleared up Tuesday the decks will
be cleared for the disposition of all
Finance Committee amendments on
Tuesday night. leaving Wednesday and
Thursday for discussion and votes on
individual amendments. Night sessions
in all probability will have to be held
on Thursday and Friday nights to en-
able the Senate to discuss the bill fully
before the final vote of Saturday.
There will be no time lost by the Sem
ate In sending the hill to conference.
but an agreement there will be difficult.
The chief issue between the Senate and
House will be of course the question Of
whether the American or foreign valua-
ton plan will be followed as the basis
for rates. House leaders declare they
will not yield from their stand for Amer
lean valuation. while the Senate insists
that foreign valuation will have to be
adopted.
The Senate has made something like
2.100 changes in the bill. many OF them
routine. many OF them vital. The physi-
cal task of going over each one OF these
changes and reaching an agreement Is
by no means small. The Senate Finance
Committee spent nine months making
the changes in the first instance.
Nobody doubts but that the confer
ence committees work, at best. will
require month. II would mean that
the middle of September would be
The New York herald., 1922-08-14

wounded by the bullets OF the Kaiser's
soldiers.
M. Nolan, who devotes all his spare
time to urging legislation for the bene-
fit OF the disabled members or his or
ganization. Is vigorously protesting 10
Senators against the enactment OF the
bonus bill.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-07-24
STEEL MARKET
IS UNSETTLED
COAL AND RAIL STRIFE HINDER
PRODUCTION AND INCREASE
COST.
Big Iron Trade Nervous-Tin Is Affect
ed by Reluctance OF Consumers

New York. July 23-Industrial condi-
tions arising from the coal and rail-
strike have quite seriously disturbed
the steel market, production is being
h!ndered and costs increased by the 1uel
shortage and buyers are showing dis
nOSition to limit new operations ana
await developments. Consequently new
business is smaller but untitled ORDERS
are quite large.
Pig iron is. nervous and unsettled.
Furnaces are being blown out owing to
scarcity and high prices for coke and
huvcrs are cautious about placing moro
man moderate orders under present
conditions.
Conner rs firmly held al II cent? for
NIL deliveries by the large producers
with egporters bidding 1890 fas New
York. Inquiry from both domestic ana
foreign sources is checked ny the rail-
and coal strike Although labor short
age Is now reducing production some
IF the large producers arc ready 10 con
;ract for October copper al present
prices. June shipments OF about TO-
600. ono mounds were the heaviest OF any
ncacc month and represented desire
70 forestall rail strike delays.
Tin was somewhat firmer with Lon
do, hut has heen affected by the rail-
and coal uncertainty and the reluctance
NJ consumers 20 anticipate their neeas.
Lead remained very steady. with quo
tations unchanged.
Zinc was Arm for a time but later
hcsitated and producers arc now I'M
willing 70 quot. beyond August. An
,imony steady with only moderate
consuming demand. chiefly for spots.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-07-24
.PRO| ONGAT|ON OF TWIN STRIKE
! MAKES AN |NROAD ON TRADING
WALL STREETS TRAprrIoaAh IN
DIFFERENCE TO LABoE TSoo
BLES Is SHAKEN.
IMPROVEMENT Noted In june NOT hA'H
taInSd-Futuro Rendered hoRe
Obscure.

New York. July IS. Regardless ol
Wall Streets traditional ind'tteren.e
70 labor troubles, the week III inc -
ancial market offered cumulat'E' eN',
dence that the prclougation 81 the coaI
and railroad strikes had finally IeI' rs
impress on trade and industry.
Figures issued by the department. OF
commerce az Washington and autnoT'N'
artvc mercantile agencies PLAINLY 81"
dicatcd that the Improvement noted IN
June had rot been maintained and tAa'
the Immediate future Is rendered more
obscure.
Thrss conditions were IN part attrI-
hutcd 70 seasonal sl1cEcniuG but 'heF
were accelerated 70 = marked extent y
higher production costs. prospective re-
auctions OF railroad earnings and an
enormous shrinkage OF buying P"WeS
through lahor's loss Of wages.
The stock marke: lapSsd into rs
customary midsummer dizziness out
values in the transportation and Goa
groupS were not materially arrectea'
Reactions were more pronounced IN the
oil and motor divisions some or thcSo
issues showing sharp depreciattons.
Predictions that IN" oil industry -
approac hinSs state Of oNer-product:or
and that further outs IN railway and
refined. products are Inevitable gained
wider. currency. Rcversals in the auto,
mobile list were accompanied by we'll
defined reports Of Impending reorSan-
ization or capital readjustment.
Steels. equipments Coppcrs and kind
red lndustrials denoted good support ut
moderate concessions Forecasts ~ 6e
quarterly statemen: Of the United
States Steel corporation. which will b.
issued next Tuesday. were Of an opttm.
lstic character.
Anomalous conditions ruled in the
money market. call loans evinc!nS a
flrmer tone while virtually all TINA
offerings hank acceptanccs and mer.
chants paper eased and were In better
demand by interior a. we'll as loca,
banks.
International EXCHANGES showed tenn
rorary unSettlemcnt. especially centra'
European rates but later advicss which
suggested an understanding between
France and England regarding Ger
many's many ohligation 10 the allies
effected substantial recoveries
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-07-24
INDEPENDENT MERGERS

Although Attorney General pauGher-
" has given the Observation-Disclosures n
land steel merger a clean bill or health
in his report 10 the Senate, II was said
Yesterday that the three companies Will
not proceed with their announced con-
solidation plans until the attitude OF the
Federal Trade Commission has hecn
made known. Despite the impression
created in the Washington dispatches.
no complaint has been lodged by the
commission against this combine. state:
mcnts Of the Attorney Genera on
whether the merger violated tho Fcder-
nj trade act were contained in that par;
Of his report which dealt exclusively
with the bethlehem LaCkawahna consol
ldation. This group is expected tn 60
ahead with Il splans without delay dc.
snite the fact that President EuG"nh
Grace is now in Europc. K IS expected
that directors meetings Will he caIIc"
within the next few days and .conSoH-
dation plans presented to stockholders
at an early date.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-07-24
.RARS0N SEES Bic VALUES
IN SUBURBAN REAL ESTATE

reported sales In May, they were con-
sdcrably above estimated refinery out
put. Tho net result OF production and
sales in the first six months OF TINS
year was n substantial reduction Of
metal stocks on hand The excess Of
sales over production IS estimated at
2Sl,00O 600 pounds. The United States
Geological Survey estimated stocks OF
blister refined and copper in process on
January |. 1922, ut 1913 100000 pounds
After deducting the estimated excess OF
sales to June 30. ii would appear that
tho present surplus of copper above
ground amounts to approximately 5l2,-
100000 pounds, including l6O,uog."Oo
pounds held by the Copper Export AS
ISOLATION for export only This com
pares with a surplus Of l,l24,OOO,OVO
pounds on January /, 1921. In the six
years prior TO the war tn" average nor
NAL surplus Of metal on hand from
mine to refinery was @5% 100000 pounds.
Accordingly surplus should be further
reduced by approximately l59."oo.orO
pounds before the industry Is on a
normal pre- war basis.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-07-24
UNITED CIGAR STORES

Announcement was made Yesterday
,ha, the United Cigar stores Compah!
nr america has opened 262 stores ana
agencies since the first Of the year
bringing the total IN to 2.+6o' ne
management is devihing the country
into seven zones. each Of which VIII
have its own organization complete Tor
purchasing and distribution. ms pan
is expected to permit more extensive
expansion and may result IN inc ny.
,rn,;o, NJ seyen suhsidiay companies,
90 FOR each zone. The price situation
IN tho tobacco industry is reported 10
no ranidlv adjusting Itself and thero Is
said 10 he growing disposition among
,ohbers and retailers to abandon Costly
uric, cutting The cigarette indns,rS
turned for the better In May ~h''n
showed the hrst incrcas" in output over
1921 of any month this year.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-07-24
COMPANIES CONSOLIDATE
sun and Diamond Realty Companies
Unite and VIII DO Known 81 Sun
Realty Co.

The Sun Realty and the Diamond
Reality Company were consolidated last
Saturday and will be known under tho
name Of the Sun Realty Company here
after
The present offices ~ the Sun Realty
Company in the Board OF Trade build
ing will DO maintained and the present
offices Of the Diamond Realty Company
In the McLain building will be given up.
4. NJ Fair will havo charge OF tho
drafting department and will serve AZ
yice-president. Mr.. Fair for years was
associated with his farther. tho late w.
r. Fair. who for years was ono OF the
best known building contractors In
wheeling. The officers OF the consoli-
dalton are o. II. Gravin. president and
treasurer: J. G. Ffndlay. secretary and
A. NJ. Fair, vice-presldent.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-07-24
MACK TRUCKS STRONG

Dcsnite the general weakness In th'
motor group. believed 20 have been
caused primarily by the heavy seIlins
of Plercc-Arrow. Mack Trucks shares
are strong. The stock established =
new high for the year AT 60. although
before tho close there was recession
which made the last sale show only
fractional net gain. For the second
quarter OF the year the company Is eH'
noctcd 70 show net profits of more than
81 on0 moo. against only S@95.l97 in the
ers, quarter. This would indicate carr
lnrs Of about 81 a share on the common
stock for the half year. after all charges
and preferred dividends Operations
are understood to have been al capacity
In June.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-07-24
EASY MONEY;
-'' BONDS NOS STRONG
FIVE LIBERTY ISSUES AND NUM-
= BIER OF INpUsrRIALs EEAoR
NEW LEVELS
Northern Pacific Railways Now Refuna
ing and improvement Mortgage
Attractive

New York, July "3.-(By Tn" Asso-
c!ated Press )--Continuanc of easy
money rates caused n further strength
eninK Of bond prices last week. I'VE or
the liberty Issues and several high grade
rails and industria!s rising 10 new high
levels for tho year. New offerings to-
tailed only 1850. 900 as compered with
STN.0O0,O0o tho week before
There were several indications last
wcck that there ia still 4 plethora OF
money available for Investment pur-
noses The $S,7O2 800 rGcunding and i'm
nrovrmen, mortgage five per cent bond
jsgue Of the Northern Pacific railway
company. which was offered at 90 to
Weld so per cent was oyer-suhscriOcd
nearly nine times. being particularly
desirable because Il runs for IFS years
and IS not callahlc FOR 20 years.
The $500. 900 external secured per
cen, ten year bond issue Of the Repuh-
lie OF Peru which was offered ut par.
elso was over subscribed. Another In
,erestinE sidcl!ght on the investment
money situation was the heavy demand
for the public offerings OF S2S.00O.0oO
preferred stock Of the New York Tclc,
phone company, which was more than
four times over subscribed.
The rail and coal strikes. while hav-
ing harmful effect on general bust
ness has been Of benefit to the bond
market. releasing for Investment larg"
sums which otherwise would DO turned
into Industrial channels.
Banks and corporations have been the
heaviest buyers recently of government
bonds which yield thom net return
larger than they could obtain by loaning
funds at the prevailing easy money
rates.
The only general exception 10 the rise
in bond prices was ncted among She for
eign bonds which wero Irregular re-
flertInE the tone of the foreign exchange
market.
Big Offerings IN Prospect
Several large industrial offerings arc
In prospcct for this week. including
Sl2.5O9,On convertible sinking fund
gold bond issue Of tho Virginia Carolina
chemical company. These bonds, which
rum for fifteen years and bear y per
cent. and interest, Will be offered this
morning at ?S To yield -? per cent by
n syndicate headed by Blair and COM
pany.
Other large offerings Las, week in
cluded:
S6s5.o0O Shorty year Az per cent
gold Improvement bonds of the CITY OF
Yonkers offered TO yield 40 to h.l5 per
cont. $1,000, 600 two year five per cent
pold bonds OF the province or BRUSH
Columbia offered nj 99ss TO yield b."e;
$500. 600. IS year six per cent Hrst
mortgage collateral and r"tunding go.d
bonds. series A Of the Central Indiana
Power company offered Al 1874 TO y!e'o
gar. s25.50O, 900 five year six per cent
cold bonds Of the United Railways and
Electric company OF Baltimore. offered at
gS 10 Weld SIS: $1.760.Oo0 twenty year
per cent first mortgage sinking fund
gold bonds of Johnson Cowdin EmmeF-
ech, Inc. offered mt % 10 yield ''IV'