davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-12-26
N. Y. Cotton Exchange.

NEW YORK. Dec. 26.-Buying
orders were in evidence after the holi-
days at the opening of the cotton
market today, and first prices were
4 to Is points over Fridays close.
Liverpool, commission houses, Wall
street and New Orleans were buyers.
Selling came from Japanese inter-
ests, locals and the South. Later the
list ruled firm, and at the end of the
first fifteen minutes business was
about 1S points net higher.
The Washington times., 1922-12-26
Riggs Bank at Dupont Circle.

Plans for the erection of the Du.
pont office Of the Riggs National
Bank will be presented at the COM
Ing annual meeting of the board OF
directors of that institution on Jan
uary 3, it was learned today. II
Ia understood that work OF con-
struction will be begun within a
ahort time.
The Washington times., 1922-12-26

Aim. Co. Of Am. rs. 1925. 10
Aim. Co. Of Am. rs, 1888. 10
Amer. Cot. Oil 6's. 1924. 8
Am. Sugar 6's. 1887. .l10
Am. Tel. q Tel 6's. 1926. IL
Anaconda Cop. 6's. 1929. 10
Anaconda Cop. rs. 1929. 10
Anglo-Am. Oil TVS, 1925. 10
Armour & Co. rs. 1890. 10
Beth. Steel rs, 1923. 10
Can. Pacific SIS, 1924. .l1C
Cent. Leather SIS. 1926. 8
c. c. c. & st. l.. IS, 1929. 10
Copper Exp. A IS, 1924. .ll(
Copper EXP. A IS. 1926. .(1O
DUPONT TVS, 1881. lilo
Goodyear T. & r. 8s. 1881. 9
Great Nor. Ia, 1886. III
Humble Oil 5hs. 1882. 8
Kan. City Term. IS. 1923. |1O
Kenne. Copper rs. 1890. 1O
Lib. Men. & l.. Is, 1881. 9
M. St.P. &S.S.M.6l1s,1931.I1 I1O
Morris & Co. ms, 1890. 10
Penna. r. X. rs. 1880. III
st. p. Un. DIP. 5h's, 1923l1O
Sears. Roebuck Is. 1923. no
SOUTHWEST. Bell 70, 1925. .I10
Stand. Oil Of Cal. Is, 19S1llO
Tidewater OIL 6h's. 1881. 10
Union Tank Car 7s, 1880. 10
Vacuum Oil Is. 1896. no
West. Union 6hs, 1896. IN
West'hse E.& Mfg.7s,1sS1. IlO
The Washington times., 1922-12-26
Declare Dividend.

The board of directors Of the
Washington Mechanics Savings
Bank have declared the regular quar-
terly dividend of per cent, pay
able January 2, 1923, to stockholders
Of record of December 81, 1922.
The Washington times., 1922-12-26
Coffee Market.
FURNISHED by Redmond q Coz

NEW YORK, Dec. 26.-The coffee
market opened unchanged to l point
higher today. March, 9.75Q9.7S; May.
9.46Q9.48; July, sos bid: September.
S.60Q8.63; December, S.23Q8.2S.
The Washington times., 1922-12-26
Local Stocks.
SALES.

Capital Traction SIS. $1,0OOQ96%
81. 900 Q96S.
Washington Gas Light, l0Q5s12
5@59h, 5@59h, 10Q59h. l0Q5sh'
10Q59h, 10@59.
District National Bank. 10Q172.
Firemen's Insurance Company, 4
Q17h.
After call
Washington Market Company, 3
440.
Washington Railway and Electric
As, $1.000Q73k.
Money-Cal loans. 646 per cent.
The Washington times., 1922-12-26
Oil Stocks.
Bid. A sked.

FURNISHED by Redmond & Coz
Prices at noon.
The Washington times., 1922-12-26
Short Term Securities.
FURNISHED BY Redmond q Cs.)

BID. Offer
l0SNT10SM
.105Nl106h
81 | 97k
I116k|116%
.101 nI101 IL
|103Al104
|1O3 l103h
|1O5 l1O5A
.104hl104%
)101 1hl101&
| 9Shl 80
|101Al101h
l1O1hl102h n
102 2%l102 Y
|107Nl107N
98hl 80
|1lO I1l0S
971l Ssh
.100AI101
los I105A
99kj100
,105 l105 Y
|l06hl107
ITO l110h
100 ll00&
|l01kI101 II
102xl102 70
los |106k
100 I....,
|107%I107%
|110hl111h
|107 l107M
The Washington times., 1922-12-26
@ BUSINESS AND FINANCE ,H%2@a@T%%s&2
Curb Stocks.

Furnished bZ w. B. Hibbs z CO:
The Washington times., 1922-12-26
Liberty Bonds.

Furnished By W. b. Hibbs q Co.
The Washington times., 1922-12-26
Miscellaneous Bonds.

D. c. Paper Mfg. SIS. -.
Riggs Realty 5's dong. .
Riggs Realty 5's Short.
Sec. Stge. & Safe Dep. 6's.
w. M. Cold Storage SIS. .
Wardman Park Hotel 6's.
The Washington times., 1922-12-26
PRICES.
ON UPWARD
TREND
Market Goes Forward Under
Stimulus of Heavy Buy
ing Demand.
By w. 8. COUSINS.

copyright. 1922. by Cosmopolitan News
Servce.)
The Washington times., 1922-12-26

Prices at noon: Bid Ask.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31
1922 SUMNER SESSION
AT BOHEMIAN COLLEGE

A summer session of more than
usual interest at Montana State Col
lege, June 10 to September 1, 1922, is
announced by Prof. j. H. Hoist, d.
rector. The summer session is planned
to appeal to various teachers of Mon
tana and to others who wish to make
up college work or gain additional
credits toward a degree. Each sum-
mer session student who satisfactorily
completes six quarter credits will be
entitled to receive a refund of all rail-
road fare in excess of $500 to and
from Bozeman. The summer session
catalog may be obtained by writing
to Prof. Hoist.
The course in community recrea-
tional leadership, one of the features
of the 1921 summer session, will be Of
Tered again in 1922 in an even more
comprehensive manner.
The summer session will maintain
an appointment committee to assist
teahers in obtaining positions. Most
of the subjects required for higher
teachers certificates will be offered.
The summer quarter will be divided
into two terms Of six and five weeks
respectively. Most of the subjects for
teachers will be offered during the
first term, June 10 to July %.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31
THE CAPITALISTIC PROBLEM

The so-called Labor group" in the
Manitoba legislature recently adopted
resolutions "condemning the. present
capitalistic system" 1t is fortunate
that this is not the attitude of labor
in general.
IT we are to have employment,
there must be employers. We cannot
have employers unless men have
saved something from their earnings
and use that saving in the purchase
of equipment enabling them to employ
others to assist them. No mar wants
to employ others to assist him unless
he is making a profit by thus using
his savings. The man who is not per-
mitted to make a profit on his savings
will either hide them away or put
them into non-taxable and
ductive securities, in either event d.
minishing the amount of employment.
There we have the whole capital
istic" problem in few words. Every
body knows that there are a lot of
men who v can make a success of
working for themselves because thew
are poor managers. Their work is
either done at a great disadvantage
or is entirely fruitless unless they
work under the direction of other men
who have a better knowledge of the
task or who attend to the proper per-
Torrance of the work with a higher
degree of attention. The careless, the
thoughtless, the inept, we shall al
ways have with us, and, in order to
utilize their work to the best advan-
tage, such men must work under the
supervision of men of initiative, skill
n energy. If every youth refused
to be an apprentice, We could never
nave skilled workmen, and without
skilled workmen there would be no
progress in industry. More than that,
without a saving Of some of the prof
Its, thus creating capital, there could
be no employment of the unskilled un-
DER the supervision of the skilled, be-
u of the lack of tools, material,
shops, selling agencies, advertising,
etc.
Condemning the first essential of
employment is a poor way to solve the
problem of unemployment.
1t must be noted, however, that the
Manitoba Labor group" offered a So
luton for the unemployment situation
to have the government provide
work for the unemployed at regular
wages. But this is manifestly no So
luton at all, for the government must
get its funds through taxes and the
X must be collected from capital.
II capital is to be destroyed, the gov
eminent will have no one from whom
to collect taxes, and it will have no
money with which to pay any wages.
Conflscation or humiliation of cap
ital has been tried out in Russia, and
1t did not work to the satisfaction of
anybody. We ought to be able to
read the lesson without learning it
by our own dear experience.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31
PLUGGING UP HOLES
IN THE CONSTITUTION

Nineteen times since the framing
and adopting of the constitution Of
the United Staes the people have been
called upon to make amendments to
the original and basic document. New
holes show up constantly, and they
have to be plugged. A few weeks ago
President Harding advocated in his
message, the twentieth amendment to
the constitution in order to check the
increasing volume in tax exempt Sc
curitles. There isn't the same thrill
about tax matters as was found in
other previous reasons for changing
the constitution, when a check was
placed on the drinking of booze, and
when suffrage was granted to wo-
men; or ever when the election of
United States Senators was left to the
people to decide by direct vote.
Nevertheless the new constitutional
amendment would remedy a perni-
cious and growing evil. Philip H.
Gadsden of Philadelphia, one of .he
country's clearest thinkers, argued
this proposed constitutional amend
ment at some length before the Com
mittee on Ways and Means of the
House of Representatives. "Suppose
was in your State" he told the Com
mittee Chairman, land l was worth a
million dollars, and you issued tax
emept securities and | invested half
of my income in tax-exempt securi-
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31

marketing and price conditions have
not only extended to grain but have
also included tobacco and other pro-
ducts.
The long-continued slackness of en-
ployment and past uncertainty as to
agricultural prices have produced an
effect upon trade activity, with the
result that both wholesale and retail
trade indexes are disposed to show
recession of buying in most parts of
the country save for seasonal activity
in special lines, such as dry goods.
Although betterment of retail de.
mand has been reported in the farm
ing districts, the effect of higher ag-
ricultural prices has not yet brought
about any considerable modification of
conditions. It should, however, be re-
membered in this connection that the
farmer has already disposed, to a
large extent, of his last years crop.
Continued improvement is noted in
building operations.
Financially the month has shown
continued reduction in the volume of
credit required by the community.
Portfolios both of reserve and member
banks show still further reduction,
while interest rates have remained
fairly stable at the levels already
reached. Foreign exchange has shown
a decidedly stronger tendency, the
highest levels for a long time past
having been reached in sterling,
francs, and some other European cur
rencies. Business failures are on a
materially higher level than in 1921.
while the month of February, as pre-
viously predicted by commercial
agencies, also shows an increase in
failures as contrasted
with January.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31
.es, so that l did not contribute any

ties, so that l did not contribute any
thing to the State government at all? 2
And according to Mr.. Gadsden that i!
just what a lot of rich men and wome,
are doing; investing in gilt-edged Sc.
c~urities that have been especially ex'
empted from taxation in order to make
them desirable for people who have
surplus money that they want to put
to work with the least possible physi-
cal and mental exertion.
In order to carry on the railroads,
public utilities and telephone and
telegraph business of the country it
is necessary to raise nearly $2,00O,-
100000 of new money a year. Mr..
of return limited on public utilities to
of reutrn limited on public utilities to
eight per cent in the majority of in
stances, and with municipal bonds
yielding ASS per cent, an investor
subject to a surtax of over 10 per cent
cannot afford to buy public utility Sc
curities. He concludes that this means
that all new apital obtained by pub
lie utilities from private investors I'M
der these conditions must come from
individuals having a taxable income
of $4,000 Or less per year. Such a
restriction makes it quite impossible
for the public utilities to interest the
heavy investors-hence the troubles
that we hear so much about whenever
these semi-public institutions and in
.ustries are discussed.
According to President Harding
twenty billions of dollars in
securities are in existence.
That means, clearly that this vast
of wealth is escaping taxation,
and that rich ta%x-dodgers are having
made easy for them by a sys-
tenn which has grown and grown I'M
til it has become a menace It stands
to reason that if the very rich dodge
billions worth of taxes that
rest of the people Of the country
are paying it for them.
Congressman McFadden of Penn
'ylvania, in commenting on the con-
lition says that the time will come,
lnless the evil of issuing tax-exempt
securities is checked, when half of
he people of the country will be pay
ng the entire burden of taxes of the
'ther class; that class best able to pay
will be relieved from the payment"
Mr.. McFadden also points out the
seriousness of the situation when he
that "the continuation of the
tax exemption system will ul-
;imately lead to the complete tax ex-
'mption of moneys and credits and to
he imposition of heavier taxes upon
arm and other lands"
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31
BUSINESS, INDUSTRY AND
FINANCE FOR FEBRUARY

The Federal Reserve Board reports
that during the past month improve
ment of conditions in several basic
industries has furnished a more hope
1ul prospect for the trade Of coming
months.
The net outcome of changed condi-
tons, which the Board finds to exist,
a beer to diminish the irregularity
and unevenness noted in the move
ment OF industry during 1921. The
feadJustment process, it would ap-
pear mas now ~defeintely reached the
ion.
The advance in value of agricultural
products is deemed important, and
the Board says it has tended to create
conditions materially facilitating both
the liquidation of loans at banks and
the rapldity of movement of products
TO market. The more satisfactory
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31

native flowers: Mertensia, Shootins
Star, Trillium, Mariposa Lily, Dog
Tooth Violet, and Bitter Root. "Rocky
Mountain Flowers, by Clements and
Clements, is a most interesting book
on this subject.
7. Placing of books and maya
zines in public libraries on home and
landscape gardening. The "Garden
Magazine, "TheG Gardeners Chronicle"
blouse Beautiful, and blouse and
Garden" are recommended. Although
there are many books on garden
making, two of the most beautiful, as
well as practical, are "The Complete
Garden, by Albert D. Taylor, and
Colour in My Garden" by Louise
Beebe Wilder. "The Garden Guide,
by A. T. De LaMere is most practical.
8. Offering prizes to school chill
dren, as we'll as adults, for the best
planting plans of gardens.
8. Encouraging the school child
rem to have Towering bulb shows at
Easter time. The Hyacinths, Narcissi
and Daffodils may be ordered now, in
wholesale lots, and sold to the children
at cost. They should be ported by
November first. Also urge the plant
ing of more bulbs for outdoor blooms.
Scillas and Snowdrops which bloom
in April; Tulips, Daffodils and Poets
Narcissus, which are hardy in Mon
tana, and grace the garden in Nav
and June. There is yet time to plant
Peonies.
10. Encouraging the planting Of
at least a few vines and shrubs at
the base of the many barren buildings.
The Matrimony Vine, Virginia Creep
er, Purple and White Native Clematis,
are all hardy in Montana, and would
if planted greatly help toward blend
ing the building and the grounds.
The native shrubs are most satisfac-
tory for planting about public build
lngs, as once started, they require
very little care; they are the Wild
Rose, Yellow Currant, Syringa, Choke
CHERRY, Hawthorn, Elder, Thim5le-
berry, Buffalo-berry and Red Osier
Dogwood.
The country school house is in
special need of a few vines and shrubs
and a tree or two to bring it in har-
mony with nature. 1t seems to me
that there are so many things of
real interest to do to make our sur
%roundings more beautiful that it will
not be difficult for the women's clubs
to select just n or two at first.
How surely does this study of art
and nature help to train the percep-
tive facilities, and train the mind to
see and love the beautiful.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31
MAINE POINTS THE WAY
TO REPUBLICAN VICTORY

The result of the special election of
the Third Maine district on Monday
does not bear out the claims of those
who are insisting that the popularity
of the administration is decreasing,
and that the country is disguised with
a do nothing Congress" and prepared
to turn the government over to the
opposition.
Practically two-thirds of the voters
of the district cast their votes for the
Republican congressional candidate.
The proportion of the total vote cast
by the Republicans was &C per cent
in 1920 and 81 per cent this week. The
election followed a hard fought pri-
mary which aroused some bad feeling.
A few days before Democrats had
made considerable gains in municipal
elections. On election day country
roads were almost impossible, owing
to a heavy fall of snow and sleet, so
that the vote was light in the Repub-
lican portions of the district and heav-
Ter in the industrial centers, where
there is still much employment.
Mondays election puts the Repub-
licans off for a good start in 1922.
The Congressional and National CON-
mittees supplemented the district and
state organizations in making an eff
fective fight. The National Republi-
a was sent to ten thousand Republi-
can workers in the district during the
short campaign. Letters were writ
ten and organizers used by National
Chairman Adams and Congressional
Chairman Fess. The Republican can
didate, Mr.. Nelson, made an active
canvass.
The Maine motto is "Dirigo,'-"I
point the way" AS Maine has dcne
in other years, Sc does the Pine Tree
State in 1922. No one laims the Re-
publican record is perfect. There is
dissatisfaction with it in some re-
spects. But, when the alternative is
contemplated, who believes that the
American people are going to turn
for relief to the party and the leader
ship which got this country into the
mess from which it is claimed the
party in power has not as yet made
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31

sufficient progress in ex~tricating it!
Congress is, of course, by no can
through with the program upon
which the Republican party will ap-
peal in the autumn for the peoples
support. The tariff law is a meas
ure of special Importance to national
prosperity and to Republican success.
The treaties which are the outgrowth
of the Washington conference remain
to be ratified. Business conditions
are growing better, things are On the
upgrade. The horizon of the coun-
try and the party is bright with hope.
National Republican.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31

One must look twice at many a
spring wrap to determine whether it
is a cape, pure and simple, or a more
complex wrap. The more like a cape
it looks the better it's chances of win
ming approval from the fashionables.
The cape has always stood women in
good stead, nevertheless it will not
hold her allegiance season after sea-
son without notifications, and we
have them in the cape-wrap.
For general wear the spring offers.
among others, the graceful wrap
shown here. It is made Of ~tricotine
and has a large collar trimmed with
applied loops of silk braid. At the
back, loose, pendant panels of the cloth
are finished with silk cords ending in
slender tassels. Something between a
sleeve and a slit at each side of the
front allows freedom for the hands
and arms. Altogether this is a smart
and practical wrap for general wear
and is developed in several coatings
and colors.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31

pensive business, adding very seri-
ously to our taxes at a time when
business conditions make every tax
more burdensome than it would ordin-
arily be. If we had withdrawn our
army months ago., as many wise heads
thought we should do, there would
have been a howl in Britain and
France. We have been reducing it
nevertheless. Now that we have pre-
scented u bill and it has not been
paid, we do well to withdraw our
arm entirely.-New York Mail.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31
THE BILL

Apparently it came as a surprise to
many persons in Europe that America
shouid put in her bill for keeping an
army OF occupation on the Rhine. It
IS hard to get it out of some persons
a that this country is not an in
e~xhaustlble source of wealth. We have
been Keeping an army on the Rhine
manly because u allies thought we
ought to do so. 1t has been an ex-
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31
Prevents Cold Feet.

Salt in the bottom Of the shoes In
winter will help the circulation and
prevent the feet from getting cold.
This %precautlon Is common and effec-
tive among Maine wOOdsmen.
Milford chronicle., 1922-11-24
WOMEN SEEK VERY
SHEEREST HOSE

! Opinions differ as to the influence of
the skirt length on hosiery styles. Just
as some believe that the longer skirt
will mean the passing of chiffon hose,
others believe that it will promote the
wearing of chiffon hose. An Economist
representative sought the opinion of
a number of women who always dress
very smartly and who have no con-
nection whatever with the dry goods
business. And their answers were all
alike. They wear chiffon hosiery, they
said, simply because they think it
looks prettier. The skirt length, in
their opinion, has nothing to do with
the case.
Probably this is the whole eXplana-
ton of the matter. So far as the skirt
length has any influence at all it is
reasonable to suppose that this in
fluence would favor chiffon hose, for
it contributes to a more dainty ap-
pearance of the foot and ankle. The
same tendency is favored also by the
daintier styles in footwear which are
in vogue this season. The decided pre-
ference for sheer effects is well Illus
trated by the fact that so many women
are buying hosiery in colors like gun
metal, graphite and taupe for wear
with black shoes. The reason they
give is that hosiery in these colors
creates the effect of a very sheer
black, whereas even the hghtest
weight in black does not look sheer
enough on the leg.
This does not mean that there is
any decline in the demand for black
silk hose. On the contrary, black
seems to be bigger than ever, and it
far Outdistances all the other cOlOrs
combined. But many women who want
the effect of a particularly sheer black
are buying cOlors like gun metal, |
graphite and taupe because it creates
this effect. These colors are being |
bought also for wear with bronze
shoes. Next to black the most favor
ed colors are the new brown shades,
such as caramel, otter, mandalay and
cocoa. OF these caramel is generally
spoken of as the leader.-Dry Goods
Economist.