davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-10-27

iaqairy ought 30 have been made IN
madiately aftnr the war ended, bc1orc
peace treaties were enforced.
1Those treaties ought Go have been
based on knowledge Of the economic
world as it is to-day and not on fal-
iacious theories. Unfortunately tne
statesmen Of the world never thought
1t worth while TO understand or even
try to understand economic law
Era of Peoples Rule
aThe peopie OF the United States
control the destinics Of their country.
In the last few years the peoples OF
three great empires have at last come
into their own They will control their
own destinies, too, and the American
people have helped to bring this about.
II you look around the world to-day You
viii see that with rare exceptions the
people of the nations are Mt last IN
control of their own affairs. To-Day
statesmen have disappeared. The peo-
Pile arc in control. This is Democratic
world.
"The peoples Of Europe say---arad !
want you to realize this--that they
have had more than enough war. They
want peace. This Is the new European
democracy talking You are no longer
listening to the voices of European
statesmen. especially ask you to think
of our late enemy, Germany, and of
the Russians and Austrians. There Is
q military party in Germany, to be
sure, but what Of IT.? This is not Ger
many. In Germany now the people
rule. There Ia democratic Germany
II know you do not feel kindly to-
ward the Russians because OF their
government, but ASA you TO remember
that until now Russiana have virtually
been slaves. A few people at the top
dominated and controlled that enor-
nous country This great nation you
have helped set free. | want you nov
to treat her AS free nation. I do not
symphatize with, but strongly con-
denim, the communistic economy OF
Russia, but am glad to say the Rus
sian government has already learned
the lesson that communism is i,npos-
sible. 1t is already changing and be-
ginning to accept principles which you
support. / hope that you will express
your sympathy for Russia in a tangible
manner"
Trade Awaits Peace Abroad
Mr.. Bedford declared his conviction
that the United States cannot enjoy
full prosperity until settled conditions
once more prevail In Europe. He urged
the Importance of developing American
foreign trade with countries other than
those OF Europe and expressed belief
that the basic fact to which America
must look for rehabilitation Of her ex-
port trade is resumption of the pre-
war tendency toward manufacturing
for export.
Referring to the conflict of so-calIed
expert testimony with regard to Ger
many's capacity for payment of repa-
rations, the speaker said it appeared
time to abandon efforts to decide this
complex question on the basis Of what
may be considered popular and to study
it in the light of economic facts and
sound business principle.
Addresses were also made by Alba
New-York tribune., 1922-10-27
Paisll Says U. 5.
Must Recognize
Russian Regime
Self-Interest and Humanity
Alike Condemn Isolation
Policy, British Economist
Tells Export Association
America World Model
Democracy i'm Saddle All
Through Europe; War No
Longer Popular, He Says

Sir George Paish, British economist,
addressing 800 members OF the Ameri-
can Export Manufacturers Association
at the organizations annual dinner,
held last night at the Waldorf Astoria,
urged American recognition of Russia
as free nation, whose people merit
and stand in dire need of American
sympathy and practical aid toward ma
tional rehabilitation. He declared that
the democratic governments of Europe
to-day are patterned after America and
are due in large measure to American
experience. Sir George was introduced
by Alvah B. Johnson, president of the
Philadelphia Chamber Of Commerce,
who was toastmaster.
A. G. Bedford, chairman Of the board
of directors Of the Standard Oil Com
pany, in an address preceding that Of
Sir George, denounced the policy of
isolation as destructive of American
world interests and declared the guild
ing principle Of the nation should be
not in the direction OF isolation, but
toward achievement of those greater
benefits that would result from FREQ
international intercourse, even though
this involved assumption OF certain
risks and obligations.
Cooperation Stressed
After pointing out the great need Of
cooperative effort by nations Of re-
source in the work of world recon
struction, Sir George said:
81 do not ask you American business
men to make up your minds about this
important matter without investiga-
ton. What | do ask IS that you in
vestigate and, having investigated, act
promptly on the knowledge you have
gained. l am convinced that you will
do this, not only in your own interest
but in the interest of mankind. Such
New-York tribune., 1922-10-27
Phone Rate Query Ends;
States Verdict Awaited
sp,e.al n.spatoh 70 rh. rr.n,.z i.

ALBANY, Oct. 2e.~-Attorneys for
the New York Telephone Company
closed to-day their oral arguments be.
fore Public Service Commissions vii.
liam A. Prendergast in the state wide
rate inquiry, bringing to virtual close
eleven months of investigation.
Deputy Attorney General Wilbur W,
Ihambers. who summed up for the
state, charged padded expenses. y
whereby the New York Telephone Cor
oany was making it appear that large
expenditures were being made FOR tbe
promotion of service, while in real;t,,
I pxorbitant prices for the use OF ean;n,
ment were being turned in 20 AZ
american Telephone and Televrsnh
company, parent organization az r.
telephone company.
Frankland Briggs, attorney for ,ho
company outlined its position, on ysIn-
auon, offering in evidence statement,
81 Eugene 5. Wilson, a yice.pres;dans
2t the company. An per cent return
en- their investment was claimea hn -
ar' wilson as fair return to the com.
pany- In New York City, he said in.
proyements are contemnlatad rhss,,
night have to be abandoned with snr.
sher rate cuts.
Briefs. are to be fisd by both s;d.a
and a decision is expected within 5
month,
New-York tribune., 1922-10-27
Legless Peddler Baa,ished

A legless pedler, whose history in
s20.00o ranch in North Dakesa
ssreed of charge of disorderly enrs
Duct yesterday in jefferson Msrss.
Court. provided that he leave thn
city ard remain away. The man. WIZ
rave the name of Frederick Hammil,
vas arrested week ago on Sixth Ave
nue by a detective, who said he saw
anout seventy-ive persons give money
20 him.
Probation officers told Magistrate
Gutenberg that Hammill had lost his
ranch following series of bad crops
which prevented him paying off his
mortgages. Later he went to Waltham.
Mass., where he still has a residence
and license to operate an automobile.
despite his in6rnnity.
New-York tribune., 1922-10-27

dertaken, but resolutely determined
not to extend our commitments, anu.
should reasonable occasion arise, to
curtail them.
SIT is my confident hope that under
the well-tried guidance of the Secre-
tary of State for Foreign Affairs the
negotiations for the settlement OF the
Near Eastern crisis will result In
true and lasting peace.
s'It will be our earnest aim to give
the League Of Nations whole-hearted
and practical support.
"The maintenance Of our friendship
and good understanding with the
United States, based not on any
formal alliance, but on the community
of inherited ideals as well as the re-
cent comradeship in arms, must al
ways be a principal aim OF British
policy. =,
"Our task il returned to power will
be the ratification of the Irish treaty
We are prepared to take our part in
making good that treaty, both in letter
and spirit, and to cooperate with the
Irish government in the new relation
ship within the empire which the
treaty will have created.
Makes Pledge to Ulster
awe are equally pledged TO safe
guard the freedom of choice and the
security Of the Parliament and the
government Of northern Ireland. We
earnestly hope it will be realized that
the prosperity of Ireland can only be
achieved between the governments and
the peoples of the two portions Of that
country.
Eve desire to promote the quiet
and orderly development Of India under
~ kn~ hVy
the act of 1919. The cooperation OF
all classes and sections is essential to
the progress and prosperity Of India.
"At home our chief preoccupation
in the state of trade and employm ent. I"
Mr.. Bonar Law said it was the Union
ist partys purpose, If the self-gcv-
erning dom;nions approved, to summon
an economic conference in an effort to
discover how the vast trade which the
resources Of the empire made possible
could best be developed by mutual CO.
operation.
Intra-Empire Trade Held Vital
"The most helpful method Of reviv-
ing industry is the development OF
trade within the empire" he continued.
"The Unionist party proposes, there
fore, Immediately to consult the gov
exmGHt vi tH0 beLl governing uUHlH-
ions and, IL they approve, to summon
as early as possible an economic con-
ference with the view Of finding in
what way, by mutual cooperation,
they can best develop the vast trade
which the resources of the empire
admit.
"Plens for dealing with the situation
already considered by the late govern
ment will be examined afresh by us,
with view to seeing whether any i'm
provements are possible, and the nee
essary steps will be taken with the
least possible delay.
"Such remedies are only palliatives,
and real recovery will not come except
from the revival Of trade. To secure
this the firet essential is to reduce ex-
penditure to the best obtainable level
in the hope Of finding some relief from
the burden of taxation, which is now
pressing SO heavily upon individuals
and is the greatest clog upon the
wheels of national industry"
New-York tribune., 1922-10-27
Reform and
Peace, Slogan
OF Bonar. Law
icea.,au.a srsm pas. one,

mon ideals Of both peoples must al
ways dictate that course"
In regard to the Irish question Mr..
Bonar Law said he pledged his party
to respect the treaty, and spoke more
optimistically than was expected of the
future Of the Free State. Yet the most
thunderous roar of applause came when
he added cautiously: "Of course, we
shall never go back on Ulster"
In discussing unemployment he prom
ised that efforts would be made con-
tinuously, but here again he reverted
to general remarks on the need of re-
turning to normally, which he said
was the only real cure.
The Premier developed usiet
streak of humor in discussing some Of
the taunts hurled at him by his prede-
cessor. Quoting Mr.. Lloyd Georges
remark that what the Tories wanted
was physician with proper bedside
manner" he said that he believed he
had that demeanor and that it was
requisite in the present case. Again,
IN answering the Welshman's warning
that split in the coalition would mean
an advantage to the Labor party, he
said that political division along class
lines would mean certain victory for
labor.
Two definite steps for retrenchment
served to complete his argument before
MS Scotch constituentsthe abolition
o. the secretariat and the end Of min
istry pensions.
Despite the lac of dramatic effort
IN his speech it was evident that the
Premier struck deeply into the unde-
monssrative Scotch audience, fact
HS1phf h.,
deep understanding he had Of the peo-
pie he was addressing. Tonight there
was Q skirling of bagpipes outside his
notei and the song Of aAuId I.ano
Syne," which told that the countrymen
o. the mild-mannered little man had
approved the note he struck for peace
and tranquility : fsS
New-York tribune., 1922-10-27

has arrangsd for three cbureh
for scouts Sunday as wind iIa services
tional Girl Scout Week. Tp TSsp of Nss
service in st. Thomas's ss 81 VIII ID
4 p. m, when DIR. stires will .aurca as
mass for Catholic Scouts :. preach; seh i
rick's Cathedral, where a.t, 81, PAT.
Hayes will preach at ii q n1cn Dfshop
Jewish service at B'nai Jesb~;saa, and 1
agogue, West End Avenue a,,,, ~ IN n syn.
eighth Street, at 10 a. nj, m snba Eighty.
Goldstein will preach. ~hen Rabbi
New-York tribune., 1922-10-27

government, he added, had offered
some posts without portfolio. but these
ne indignantly refused.
Failing an agreement with the Faesa
Masso1ini next turned 80
negotiations with former Premier Gio-
itsi, who was in power during the
turin industrial disturbances. When
the negotiations with Gioiatti failed
the Fascisti leader finally reached an
sccord with Gabrielle d.Annunzio, thus
bringing to the standard OF the Fas-
eisti the large following OF the poet
solder.
New-York tribune., 1922-10-27
Senator Sheppard Seeks Res,

" HAsHIAaTON, Oct. g. - Senator
xiorris Sheppard, of Texas. will go to
Atlantic City tomorrow, Ii WAS an
'sounced tonight, to enter q sanatorsuna
here in an effort TO ward on a threat
med nervous breakdown. The Sena.
sor's physieiaHs. it was aaid ct mis-
aofne, have ordered him to cancel ali
speaking engagements.
New-York tribune., 1922-10-27
q Dry Agents Aided by
Police Raid Wine Cache

Prohibition agents who wars o,h
Wednesday night when they ,nsaa spssu
fsad IN the Same nsixhborh oods - {
New-York tribune., 1922-10-27

q. johnson, former president of the
association, and by Senior Don Federico
Aifonzo Pezet, Peruvian Ambassador to-
the United States.
New-York tribune., 1922-11-03
London Market irregular

LONDON, Roy e.--rrscee moved srrsgn.
iariy on the stock Exchange to-day Ear
gold was quoted at s2s Id: money WAC
loaned ut IL per cent. Dfsconnt rates
were: Ehort and three-inontn bills. aasep
27-1e per cent.
Consois fer money were quoted sc B75S.
British 6 per cent loan Vt 5sss and Britt
fsf h psr cent loan at 95.
cIosiuy stock quotations were.
New-York tribune., 1922-11-03
Fly GEORGE McANENy. Chairuaaa.
JAMES B. WALK EE, Secretary

PROPOSALS WIN be rscetved by The Bnruau
Of Supplies and Accounts, Navy Dsts rr-
q. niss Nov, ~, 1929. for delivering liner,
goggles. polishing paste, tiansd corfied beef
and brushes 70 the Navy Suppiy Depot, sos
tho May Purchasing Office New York. ri Us
or 20 the Bureau Of Supplies and Accounts.
David POTTER. Faymastsr General OF tna
Navy. 10-26~se =
New-York tribune., 1922-11-03

The proportion Of the banks reserve
to liability this week is 1894 per cent;
last week it was 1914 per cent. Rate
of discount per cent.
New-York tribune., 1922-11-03
Potectiye Committee for
central Crosstown R. r.. Bonds

a committee consisting of Henry w.
George, as chairman, John w. platten
ana William Carnegie Even, has been
formed in the interests of the bond
holders Of the first mortgage 6 per
cent, Ao-year bonds of the Central
Crosstown Railroad Company, which
became due November /, 1922. The
properties of the New York Railways
Company, lessee of the properties of
the Central Crosstown Railroad Com
pany Of New York, having been placed
IN the hands of receiver and the re-
eeiver having been ordered by the court
appointing him not to pay the princi-
pai and interest on said bonds, due No
vember !, 1922, and the trustee under
the mortgage securing said bonds hav-
ing gone out of existence, the commit
tee has agreed to represent and protect
the interests Of the holders of the Cen
tral Crosstown Railroad Company
bonds. The Unitsd States Mortgage
ana irust Company will act as deposi-
tory for the bonds.
New-York tribune., 1922-11-03
FINANCIAL MEETINGS
NslrIca 1s 11ERr,rsY f,iprM thas 80 !

NOTICE. is HEREBY GIVEN that racet.
ing of the stockholders Of PAUL RsYrHs-
Man. INC. Will be held ct the osscs az the
company Roofn 7ls. lsz Nassau Street, In
York. on flae 4th day OF Decsnaber, 1859 at
tive o'eack I'll tho aftArsoon. for the psfrose
or votiug upon q proposision that the ysid
70 secfisu zsl Of tho General Cpsporation.
Iaw 4
Dased New York. October ssth, 1854.
PAUL RoTIIasAN.
secrtsStry es the corpp.ssstxs +
New-York tribune., 1922-11-03

| / -. "a
/ ..+ 95
r I Ark & l.
4 hs 1894
4 -. COX
Rog Brown Ir
rs 1942
| / -. 95
st L / NJ s. s
5s 1881
| 2 ...- sssM
| Z 80. 80
IS 1929
| As Riv & eli
| div 1888
10 -. 54h
! 3 -. SAX
st L Rk NJ &
p 5s 1855
st L:.s: + : . Is =
New-York tribune., 1922-11-03
Days Dealings in Bonds
TIle Market

4he pond market found itself yeater-
aas' AFTER many sessions of inde-
seraanate fuctuation, definite trend
appeared. Liberty bonds had already
pointed the way to the recovery and
neid the position Of leadership yester.
aay. Throughout the list, however,
there was noteworthy betterment ~
lone. L fractional gains were tho rul.
m put IN the foreign government uroun
sa,u snu among the speculative rail bonds
soine som. advances Of greater proportions
were recorded. The French 75ss firmed .5
10 70 petter pc than 95 and the SIS finished
az w. Belgian issues wera strong
eaosing n,orn with gains for the session Of 81
nn,rs lhan point. The over-the.
counter market reflected the same rs.
newed interest as did the list. tt sne.
claiists IN tax-exempt securities /,
particular, reported an increased move.
ment and stiffening Of prices.
New-York tribune., 1922-11-03
Public Debt Increased
$265, 900, 900 i'm October
Issuance of Securities i'm Excess
of Redemptions Responsible
for Gain

WASHINGTON, Nov. 2.--An increase
Of more than s265,ooo,Ooo in the public
debt during October is shown in fig
ures made public to-day by the Treas
ury.
On October 81 the gross public debt
stood at s23,077, 100000, as compared
with S22,812, 100000 on September so
and with $23,459, 100000 on october 81,
1921.
Issuance of government securities in
excess of redemptions during the
month, particularly tho half-billion
dollar bond issue, Treasury officials ex-
planned, was responsible for the in
crease, but was not regarded as inter
fering with the orderly reduction of
the national debt, which is effected
quarterly.
Ordinary receipts Of the government
during October aggregated 1901 ,00o,-
600, an compared with s23s,0o0,o00 in
October of last year, while the total
expenditures chargeable against ordi-
nary receipts for the month amounted
to $466, 900, 900, as against 1858, ,000, 600
in October year ago.
Public debt receipts for the month
totaled s987, 100000, as against sS1 ,o00.-
600 during the same month last year,
while public debt expenditures aggre-
gated s702,oo0,oo0. against $546,000, 900
in October, 1921.
Customs receipts during October in
creased as compared with q year ago,
while internal revenue collections de-
clined. Receipts from customs duties
for the month aggregated 100000,
compared with $26,0o0e00 & year age,
while income and profits tax collec-
tions totaied S27,ooo,0og, against $48,-
100000 In October last year, and mis-
cellaneous internal revenue for the
month amounted TO $4,000, 900, against
$I13, 100000 in October year ago.
New-York tribune., 1922-11-03

Nominal.
New-York tribune., 1922-11-03

PROPOSALS
INVITATION TO CONTRACTORS
A

Agreement "CG"
Concreting Voids Under Piatforsn of stk
Street Station, Route B, Section =
+ Borough of Manhattan
Sealed bids or proposals for concretin9
voids under pla form of sth street Ststtops
Route s. Section 4, In the Borough OF Mars
haitian Will be Teceived by the Transis
Commission OF the State of New YorH
Hereinafter called the "Cofamission'') ~
behalf of the City of New York ct ths
Office of the Commission, at No. 40 Laffy-
este Street. Borough OF Manhattan. NFy
York City. until ninth day Of Novsuhsn
NJ. at which time and place, or at . aEtef
date TO be fixed by the Commission, tas
proposals Will be publicly opened
The Contractor must complete all the
work within two (2) months from the de-
livery of the contract.
fuller description Of tho wcek ana
other requirements, provisions and epectc-
snent, bond and contractors proposal and
IN the contract drawings. which are so
deemed part OF this Invitation ara
copies of which may be inspected and pur.
No proposal will be received unless &C.
companied by separate certified cEecE
for one hundred dollars $1,000 payable TO
the order OF tho Comptroller OF the City
and drawn upon a national or state bank
or trust company satisfactory to tho Co1a-
mission and having ito principal ofiics In
enclosed In the enyeIope containing tho
proposal.
Deposits made by bidders, except ths
lowest and next TO lowest bidders Wilt be
returned within ten (fe, days after the
receipt Of bjds The deposits OF The lewsec
and next 70 the lowest bidders Will be rs-
turned within three q, days after this
delivery Of the contract.
The right 10 reject aay ana aiI bids is
reserved,
New York, october "a. 1872.
TRANSIT COMMISSION.
Isy GEORGE McANENy. Chairraaa.
JAMES b. WALkEE. Secretary.
New-York tribune., 1922-11-03
Reserve SYSTEMS
Holdings OF Bills
Show Increase
Changes Largely i'm Cor.
rection of Contradictory
Movement of the Week
Before; Ratio Is Lower

Changes in the items OF the Federal
Aeserve systems statement Of condi-
tions issued yesterday, were largely in
correction Of contradictory movements
OF the previous week. Tho temnorary
character Of the decrease In commeru
ciai reeiiscounts was demonstrated by
the return from s27s,sss,ooo TO sa1e,-
$4,000, while similarly the reserve ae-
count of member banks recovered abopt
saS,ooo,0oo Of its earlier loss. Total
hiil holdings rose from s727, 900 ,ooo to
Ss4s,422,ooo, all categories showing
gains.
Aggregate reserves Of the system
We're virtually static, but this was in
spise OF decrease OF almost $1,000 900
IN gold reserves. There are indications
.nat the latter are being drawn upon
Tor export shipments to Canada in
amount that Is not quite Offset bv that
part of gold imports which the reserve
banks currently arc taking. CircuIa.
ton increased about S10,500,oo The
ratio fell from 77.5 to 76.0 per cent.
The ratio of the New York bank went
on from S3.4 to S0.1 per cest. Whereas
the systems ratio is five points above
| that OF year ago, the local banks
ratio is three points lower. Reserves
snow little change for the week, bill
holdings advanced more than S75,0oQ.-
oOO, the reserve account of member
banks rose S34,00o,o00 and circulation
increased about S3,000,0o0. The com
parison with year ago is more inter
esting. Reserves reveal a decline Of
more than Sls,000,0o0, bill holdings are
| only $16,5o0,o00 less, and total earning
assets S8,oo0,000 less. On The side Of
liabilities, member bank reserve ac-
count deposits are up S55,00o,o00 and
circulation has contracted about
S32, 900 900.
New-York tribune., 1922-11-03

To figure the precise yield on a bond 10
In necessary 80 rse yield tables but tho
approximate yield can roughly ne figured
out by the following formula: Divide tina
closing quotation on bond into the rate
OF the snnua1 return. II tho bond is selling
below par you must allow also for the
subtract the market quotation from par
or 100. and divide tho remainder by the
number of years the bond has TO run be-
fore maturity. For example. IL Q per
cent bond is selling at 30 and ras fen
years to run. the annual return Will be e68
per cent. The difference between par and
the market price will he 10 points. sub
tracing 80 from 100. Dividing 10 points
by ten years the quotient Will be /. This
fEura is to be added 60 6.s6: which Is the
annual return. and the result. T.66 per
cant. will give you the approximate yield.
New-York tribune., 1922-11-03
Gets Chilean Loan
National City Awarded Issue of
Sl8,O(lC fsDO

SANTIAGO, Chile. Nov. Q (By The
Associated Preasl. The Chiiian gov
erninent to-day accepted the bid Of tho
National City Company Of New York
for q loan of s1s.ooo,ooo. The loan
VIII issue at 91a, will bear per cent
interest and mature In twenty wears.
Wath per cent amortization after
two years.
The National City Company was with
cut direct advices last night to con-
itrin the above dispatch The COM
panyfs representative at Santiago was
aatnoriSed ass to submit bid for s1s,-
9posVVo twenty-year per cent bonds,
oao beyond that the details Of the
issue are not known here.
New-York tribune., 1922-11-03
Bank of England Ssasemen.

LONDON. Nov. 2.--The weekly state
ment Of the Bank of England shows
the following changes.
New-York tribune., 1922-11-03
Paris Market Firm,

PARIS, Nov. 2..-Prices were firm OIL,
the Bourse to-day. Three per cent
rentes, 81 francs 80 centimes. Ex-
change on London, Cd francs. Five per
cent loan, rs francs 35 centimes. The
aoliar was quoted at Ia francs 38M
New-York tribune., 1922-11-03
Bank of France Statement

PARIS, Noy. 2. - The weekly state
following changes, in francs: '''e
New-York tribune., 1922-11-03
London Metal Market

LONDON, Nov. 2.--Standard copper.
spot, s62 It's Cd; futures, fs3 i2s Sd.
Electrolytic, spot, $40 IS; futures, $40
15s. Tin, spot, f179 5s; futures, e1S0.
s35 Is Sd.