davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-02-12
Decline in Exchanges Halts

cables yesterday before the reaction.
which started on Thursday. met with
a check. A slight increase in the buy
ing interest imposed resistance at that
point, and with offerings on smaller
scale the quotation recovered slowly
until at the close it was established d
on parity vita Fridays final level.
The recovery was aided by publication
of the British foreign trade returns
for January, which revealed further
reduction Of the excess of imports. In
terest in TIE other exchanges on the
eve OF the twoday cessation Of trad
ing was slight. and their fluctuations
were largely governed by the move
lnent in sterling.
New-York tribune., 1922-02-12
Union Pacific
'A.inesc Mill Owners Provide
FNnd for Cotlon Exnerinent,

so.a, An annual sum of $4,000 has been
o,su ~ voted by the Chinese Cotton Mill
sas sa"ets Association in Shanghai to
sinc Tsriculturai department Of Nan
men. Aeschers' College for the improve
s .ae area to be put under cotton will
.ot be less than /. 500 NOW Zone NOW
Vicinity. =" -'H"A4hS ana us
loM,, Is intended, the China Cotton
Anar; Asmsi states, to allot 800 NOV for
Amer;an Ae,ican cottonseed plantation, 200 for
es;can e~rssan cotton cultivation ard other
ssas ssanss'lments, 800 for Chinese cotton
nssa p'sn'ation, and 200 NOV for Chi
ment cotton cultivation and expert
New-York tribune., 1922-02-12
The Lu}l in Conner Ruyino

Traders have been selling the copper
stocks as result of the let down in
buying os the metal and the reduction
in the price to l3l4 cents pound. II
is pointed out, however, that the statis-
tlcal position of copper is strong Trade
authorities assert that the available
surplus of the metal is now under 300.-
100000 pounds. figure which would
be dangerously small under normal
marhet conditions. The leading pro
ducers already have piaDs under way
for resumption Of mine operations. al
though production on a large scale is
not expected for several months.
New-York tribune., 1922-02-12
Union Pacific Net Declines
hut Ra'io of Operating Costs to
Revenue Drops

me ratio Of operating expenses to
,lsvehue Of the Union Pacific in Decem-
yer 1921, wal 7a.31. compared with
Tn.4l IN 1920. Net operating revenue in
1ecemoer, 1921, was $3,3s9,0O0, an in
''saSe OF Sl,216.00O over 1920.
for thc year the company earned in
m ~on'e OF S3S,0e5.000, which was only Al
5u. b cent less than net income in 1920,
ea' equipment rentals. which were only
snaIi debit against the Union Pacific
10 .ooi iS@o' were debit Of $S.84o,0 In
New-York tribune., 1922-02-12
Public Utility Issues Strcn-

In tho face OF considerable selling
lhroughout the general list yesterday
the public utility stocks were notice
able for their strength PEOPLES Gas
made ne" high for the year at 76%
compared with low for 1921 of 335s
The preferred stock of the Market
Street Railway, which operates in San
francisco, also made new high. ad
vancing to Az. and closing a. A, with
a net rise OF 3Ss points. This company
llHc many other utilities. is faced with
much mere favorable conditions than
q year ago. Earnings are showing sub
stantlal gains. while operating expenses
have been cut substantially.
New-York tribune., 1922-02-12
Bid and Asked

Following are the closing bid and
asked quotations OF stocks listed on
the Stock Exchange in which there
we're no transactions yesterday:
New-York tribune., 1922-02-12
Studebnker Financing Denied

A report yesterday, which seemed to
lave its origin on The foor Of the Stock
Exchange. was that the Studebakcr
Corporation is about to do some new
hnanclng. The rumor was used as a
prete&t for selling the stock, and witt,
some eject on the price. Interests in
New ork which are presumed to know
what IS going on in the confpany's af-
falrs denied new nnancing plans are
under consideration. The company in
It's fcnort for the nine months ended
September 80 last showed Sl52l share
earned on the stock. compared with
$lo.38 share earned in the CORE :
spending period Of 1920. Cash on hand
tota!ed S9,332,S46. The net assets ap-
pllcable to the stock amounted to S59.-
639,o91, or $3.50 a share, after de-
ductlng trade namo and goodwill, :,
amounting to S19.So7 PIT.
New-York tribune., 1922-02-12
More Equipment Orders

1Ae railroads are releasing few
more car orders in addition to the
$500 fer the Chicago, Burlington 6.
Quincy the distribution of which was
reported last week. Tac Union Pacific,
according to The American Metal
Market, has ordered twenty-five bag
gage cars from the American Car and
oundry Company and twenty coaches
from the Pullman Company. The Pa
enc Fruit Express, which put out an
inquiry for $500 refrigerator cars
about two weeks s,,o. is expected to
close this week. The Norfolk & West
ern IS in tine market for 100 gordola
and lOG hopper cars and is expected to
purchase motive power. The Chicago,
Mi,wauksc & st. Paul is inqu!ring for
l,ooo box cars, and the Central Rail
road OF New Jersey. the Baltimore &
OAio and the Boston & Maine are each
n the market for passenger equipment.
New-York tribune., 1922-02-12
Paris Market Firm

PARIS, Feb. u.--Prices were firm on
the Bourse to-day. Three per cent
rentes, as francs. Exchange on Lon
New-York tribune., 1922-02-12

don, so francs 80 centimes. Five per
cent loan. Is francs S5 centimes. The
dollar was quoted at II francs Is CEN
times.
New-York tribune., 1922-02-12
., london Money Market

ID. MN MN Feb. 11.-Bar gold,. s5s.
ratea.ruuey' . per cent. Discount
bills aShort bills and three months'
New-York tribune., 1922-02-12

Bid. Asked.) Bid. Asked
Alas Gid NJ. "a 1ajEro~u Shoe. .c7t ~
All Am Cable l07 do pr 81 81
An Az Ch pr 5Sha 81 Burns BIS Or 94la a5
Am Bnk Note SO 05 Cal 4 Aha. IS 90
do pr .. 5iA i2lziCan Southern. 5u'a
Am Beet S pr 6t 6l Case j ] pr. 81 10
3 & Fy. 5s 80 Case Plow 3M
do pr .....l0ll4 Io3 Cen OF J..1Ss 10:
Am Can pr. 95A 0t1M Certain Isl pr ~ SEA
A pr. ls,a tC = ~ ps S3 S5h
Am Chiclc 9'siC y W Pr is6 ll0
Am Cot Oh pr q As s III Il O 5ss 55
Am Express. ..l33 la6 90 pr 49,. 90 81
A IArseed SO % (C G q y 5tN Sj
Am Malt s,pi 10 l5Nl do pc .. 50 S4M
Am Hadia M IS 81 fCIuott Pea pr 90 90
Am Smelt p- 89N 91ilC I'd pr 4s IS
do pr A.. 81 90 Cont Can pr 100 l04
Am Snur Dr. 20 100 Cont Ins CO. 81 68
Am Tel 4 &. IS 81 Crea Carpot. ~ IS
Am To pr new. 100 lOl ICu Am Su pr 80
Am W1 pr . s9H ~ Det Edison. ..lo4 iojaa
Am z 4 i pr 3!1s 81 %4Det "a 'h 6o
Ana Aybor 10 Is A.. "a ~
DO pr :. 81 Go pr 80. Si2
Assets RI Co. l'tDurham Hes. %
4 d G I'd pr - 5snl ds pr 500. so ~
Asso oil 49,. 80 l0ittEast Kodak. ESQ $50
Al Bir & A. III lst Elkhorn G pr. IS 10
Atlantic Ref. $50 $50 EN- Brant pr 90 a3.
do py .....ll5 1T Endi John pr.lo4Aa 1905.
Atlas Tack .. l3a l5lIFairbenks =. 20 80
Austin N;csacis l3}s ltNSEed NJ .. 3, II
Ss.n.. Ie.." s: g a.sioS WINS. ,..,, 49,;
BEnsdan H.. Il Is do pr deb. "a ss
New-York tribune., 1922-02-12

PERU tpar sass a pound)
Checks ........ 4.52 0,aS
ECUADOR (par 43.60 cents Il sucre)
Checks ....A.25 242S -
CHILE (psc 3e.a cents a. peso)
Checks .l0.oGH 1U13H
URUGUAY (par 1884: cents a peso)
Checks ........Sl.6z1Y 79.62M
VENEZUELA (psr 1873 cents bolivxr)
Checks .l7.S7 1887
Canadian ExchanCe---Nev York funds /
Montreal, II per cent pre1u!un Montre y
funds In New York. Az per cent discous,'
The New York herald., 1922-06-16
HAGUE COURT OPENED
AT THE PEACE PALACE
Prepares to Settle TUo Inter-
national Labor Questions.

Special Cable to THE New YORK HERALD.
Copyright, 1923, by THE New York HERALD.
THE HAGUE, June 15.-Ten grave
judges in sillsen gowns to-day assem-
bled in the gorgeously paneled court
room Of the Peace Palace. the gift of
Andrew Carnegie, for the constitution OF
the first business session Of the Perma :
nent Court of International Justice.
With DIR. Bernard Loder of Holland
presiding and John Bassett Moore rep
resenting the United States. 1t was truly
an international tribunal. prepared to
settle the first international issues
whether the Dutch delegates to the Third
internationally labor conference were
properly chosen and whether the Inter-
national Labor Bureau was competent
70 regulate agricultural labor. The sec
ond point was raised by the French, who
object to limiting farm labor to eight
hours.
Invitations had been sent to the Amer
lean and other Governments not MEM
bers of the League Of Nations and
score of international labor organiza-
tions to discuss the problem before the
court, but when the court finally got
down to business Dr. Loder announced
that only one answer had bsen received,
from an international organization
which promised 20 send comment on the
26th of this month.
The New York herald., 1922-06-16
JAPAN'S NEW PREMIER
PLEDGES CUT IN ARMY
Promises Cooperation in Spirit
of Washington Parley.

TOXIC June Is (Associated Press).--
Admiral Kato, Japan's new Premier. to-
day pledged the faith of japan to CO.
operate with the other world Powers
for a further reduction of armaments
and the maintenance of the new era OF
peace which he said had been ushereu
In by the Washington Conference.
'Tn brief" Premier Kato said. ia
pans foreign policy. from which this
Cabinet will not depart, is to cooperate
with the Powers in the spirit as well
as in the letter Of the covenant of the
League of Nations and the treaties and
resolutions signed at Washington, with
the view that concord and friendship
may continue and develop among the
nations and that reductions OF arma-
merits may steadily progress to relieve
the difficulties and burdens of man.
kind. This Government intends to
fulfill the terms agreed upon by the
Powers and to- this end to take the ap-
propriate steps In accord and In coopera-
ton with them."
Premier Kato said the Japanese Cabi-
net would endeavor to bring about an
expeditions and amicable adjustment of
the problems relating to Siberia. and
added: "In China's welfare Japan is In
terested, not only sentimentally but
also materially. The welfare OF Japan
to a considerable measure Is dependant
on the peace and prosperity of her great
neighbor."
The New York herald., 1922-06-16
HAGUE DIVIDES ITS !
WORK ON RUSSIA
Continued from First Page.


subcommittee will consist OF eleven
members. The allied nations. known
otherwise as the inviting powers-Great
Britain, France, italy and Japan, to-
gether with Holland-will each have a
member on each OF the three sup-com-
missions. This leaves five places open
for other countries, and the representa-
tlyes will be selected in accordance with
the interests of these countries In the
particular problem under discussion.
The heads Of the principal delegations
also determined to keep politics outside
the conference. believing that this Is the
only way to achieve practical results on
the problems which they wish to discuss
in the same manner as the business
directors of big industrial concerns or
commercial companies. Emphasis. was
laid on the necessity Of allowing every
country. great or small, to have an OPP
portunity to voice its views.
The general direction which the lead
ers hope the conference wfll follow will
be outlined more specifically tomorrow
afternoon at full session of the dele
gates. when Sir Philip Lloyd-Graeme.
chairman OF the British delegations y Is
expected to deliver an important ad-
dress setting forth England's concep.
tion of how the conference In it's essen
tials should proceed on vital matters.
The representatives OF the other nations
will have an opportunity to develop their
views.
Present plans provide that at the con-
clusion of tomorrow afternoons meet
ing the conference will adjourn until
Monday afternoon. this mainly to give
all the countries time to decide whether
they desire to be represented on the
main Russian commission. On the fol-
lowing day. June 20. the names of thii
general commission must be communi-
Gated to the Russian Soviet Government
The New York herald., 1922-06-16
CONVICTED
OF ACCEPTING BRIBE
Rifzman Took $500 to In
fIuence War Purchase.

WAsHINGroN, June t5.--Charles A.
Ritzman of Detroit. formerly a captain
in the army in charge of the mainte-
nance division of the Motor Transport
Corps, was convicted to-day by jury
In the District Of Columbia Supreme
Court of bribery. The jury found that
he accepted $500 from c. II. Standley Of
Boone, Ia, to influence the purchase
during the war of 100000 worth OF skid
chains and skid fasteners for The Gov
ernment Motion for a new trial will be
filed, his attorney announced, and Ritz
man will remain at liberty on bail.
Ritzman testified he was suspicious
Of Standley and led him on 10 the offer
ing Of the brlbe money. He Intended he
said. to TURN over the $500 TO HIS
superiors, 1but was arrested before he
could do s9.
The New York herald., 1922-06-16
NEGRO SLAYER DENIES
GUILT GOING TO CHAIR
Corona Man Had Been in
Death House a Year.

William Bell, negro, was put to
death in the electric chair at Sing Sing
Prison last night for the murder last
year of Milton Scheer. a grocer. IN
Corona, Queens. L. /. Bell protested his
innocence to the last. telling attendants
as they dressed him in the death clothes
that he had nothing to DO with the
killing Of Scheer.
Bell had been in the death house for
more than a year. He was to have
been executed n month ago. but was rs-
prieved by Gov. Miller.
The New York herald., 1922-06-16

beside the. seat cushion, clutched IL,
: made a grab at Peters and the shoot
ing followed. Peters's bullet id not
break any glass in the coupe but went
through an open door. All the con-
fusion about the broken glass appears
to have been caused by the newly dis
closed fact that there were nocturnal
meetings with the blackmailers and that
the glass was broken the first night.
1t is for the jury to say whether all
this story is true. 1t is given here as
essentially the story which Ward has
told and upon which he will stand.
Indictment Is Unanimous.
II Is understood that the Grand Jury
voted the Ward indictment unanimously,
feeling that whatever his justification
for shooting Peters. Justice and pub
lie policy demand that all the OBJ
tainable facts be put before the trial
jury. Two members Or the Grand Jury
are said to have hesitated for while
over first degree indictment The bill
finally returned has only one count.
Among the witnesses before the Grand
Jury yesterday was Mayor Harry Scott
OF New Rochelle, who was asked about
a story published in a New Rochelle
paper that on June he held a secret
meeting with Ward, the latter having
telephoned him the night before from
the Pelham Country Club. making the
appointment.
Mayor Scott, it is believed, admitted
that he had had such a telephone call
from Ward and that he went to the
Pelham Country Club to meet him on
June 5. but said that the meeting place
was changed and they talked the mat
ter over In the woods along City Island
road. When asked who the third man
at the conference was he said 1t was
Allan II. Campbell OF Wards counsel.
Mayor Scott was then asked the pur-
pose of the meeting and he said that
Mr.. Campbell did all the talking.
Conspiracy Inquiry still On.
Justice Morschausep~ has not finished
his investigation of the conspiracy
charge against George S. Ward and
others unnamed who, according to the
District Attorney, have been trying to
defeat the ends of justice. He did not
set day for another hearing.
Before indicting Walter Ward the
Grand Jury heard as witnesses Louis
e. Thayer, editor of the New Rochelle
Daily star Troopers Collins and Green
of the State Police, who saw the body of
Peters at the place said to be that of
the shooting, and Earl Hardy, an uncle
of Peters, who is a soldier In the 1S1st
infantry. stationed at Camp Devens.
Elwood Heffner. in whose pocket when
he was arrested last week in New
Rochelle was found letter from Walter
Ward addressed to Alfred E. Blute re-
garding racetrack information, was pa
rolled yesterday to await the action OF
the Grand Jury on charge that he had
liquor in his possession. The other
charge, that of passing a worthless
check, was dismissed.
The New York herald., 1922-06-16
SHIP SUBSIDY FOES MAKE
CAPITAL OF LIQUOR FIGHT

owned ships operated under the Ameri-
can flag than the moonshiner and boot
logger at home has to dispose Of their
whisky and other liquors. The law of
our land should follow our flag where
ever II goes, whether on land or sea-"
The New York herald., 1922-06-16
and which is being tried in winiams-

and which is being tried in Williams
port, Pa.
Anyway, Justice Morschauser sat In
his chambers as a magistrate, and the
Grand Jury was ready in another room.
and 1t is true that while n Grand Jury
subpoena is not servable outside the
State. warrant for arrest is honored
in other States and conspiracy to OBJ
struct justice is an extraditable offense'
No warrant was issued. but the pro-
ceedings before Justice Morschauser had
the effect of bringing Ralph Ward,
brother of Walter. before the Justice as
a witness regarding the conspiracy mat
ter On the preceding two days ralph
Ward had declined to tell the Grand
Jury his brothers blackmail story, be-
cause he had it from his father ana
under the rules of evidence regarding
Grand Jury restrictions. it would be
hearsay testimony and. therefore, mad
missible. But before the Justice sitting
as a magistrate this restriction was re-
moved. and it is understood that when
II was made clear to Ralph Ward that
he could not avoid telling the story ne
did so. Justice Morschaauser and DIS
trict Attorney Weeks, who was also pres
eut. as was a court stenographer, would
nos disclose what, IL anything. Ralph
Ward told them.
District Attorney Weeks Went pach
before the Grand Jury. and at IL :oo L.
M. the jurymen assembled before JUS
tice Morschauser and the foreman
Auckland b. Cordner Of White Plalns'
handed up the indictment.
The New York herald., 1922-06-16
Dry Leader Attacks.

While the wet forces in the House
maintained broad smiles at the situation
the drys were bittor in condemning the
practice. Their sentiment. generally. is
summed up In a speech made by Repre-
sentative Cooper (Ohio). He said In
part:
Continuation OF the present policy
does, In my opinion, Justify the charge
that Uncle Sam Is engaged In bootiegg-
ing. Our constitution prohibits the sale
and manufacture OF intoxicating liquor
within the Unuited States and its ter
ritories, and yet, we have the disgrace
ful condition OF our Government owned
ships violating the law.
''Is II any wonder that the people of
Europe say Americans are not sincere
I'm their efforts to enforce prohibition.
when they observe the spirit OF our con-
sNtution being observed on our Govern
ment owned ships?
mo one will deny that the law breaker
and the bootlegger in our own land will
be encouraged to carry on his work by
reason Of the policy OF the Shipping
Board, for IL places the Government in
the position OF admitting its inability
or unwillingness to enforce its own laws.
"Our Government cannot afford TO per-
init this condition to continue and the
Shipping Board has no more right TO
permit liquor to be sold on Government
The New York herald., 1922-06-16
ward Locked In Cell.

The prisoner. his brother and the
lawyers had a short consultation In a
aide room. Then Walter Ward bade
them good-by and was taken to his cell,
which differs In no way from that OF
other prisoners.
The bIackmaii and shooting story, now
reportable at some lengtn' is. tnere is
reason TO believe, the one that Walter
ward told his father and which Ralph
ward refused to impart to the Grand
Jury because no got II second hand from
the father. Walter Ward conhded IL
10 the father on May fs. when the
father rot bnck from Europe, Peters
The New York herald., 1922-06-16

Special Dispatch to THE New YORK HERALD. |
New York Herald Bureau,
Washington. ID. C. June l5
The New York herald., 1922-06-16
Judge Asks for Indictment.

..File il at once and return 1t TO me
irnrnediately," the Judge said. He then
issued a bench warrant for the arrest
of Walter Ward. The legal machinery
OF Westchester county was now MOVING
fast. -.
Sheriff George ]. Werner sent out
seven deputies--all he had IN ms ONCE
scattering them so that one would De
sure of finding Ward quickly. Deputies
went to Wards home. So Decatur Eoau'
New Rochelle. to the Ward baking plant
IA The Bronx. to the subway end al
-A9d street, near Van Cortlandt PARK
where Ward, going home from the pax
ery offices, sometimes finds his autofho-
bile parked and to the offices or Rape-
nold & Scribner the Ward attorneys
at 61 Broadway, Manhattan. deputy
Frank Cherico, who went 10 the lam
yers' Offices, was told that Ward was III
one of the inner offices. Cherico 9e-
cIded to wait until he came out. he
sat nnti, a little after 3 o'clock. Ward
emerged. Cherico stepped UP and saia
You are under arrest charged with
murder in the first degree. You nave
lust been indicted and have war
rant. So come slong if you please.
.sAll right" said Ward, but give me
N few minutes to talk with my lawyers.
Talk with Lawyers Denied.
NO." said Cherico, so Ward put on
Ills straw hat and off he went with the
deputy. Subwaying to the Grand Cen
iral Nstation and crossing to the Bel
mont Hotel. they found Wards auto
mobile parked there and with Ward
driving they went up to the Ward Of
fices in The Bronx, where Wards 5
chauffeur was picked up.
Ward then asked If he could not go
by way of his home in New Rocheiie
to change his clothes. The deputy
thought that was fair enough, and they
drove to- Decatur road. which Is in
sutton Manor, New Rochelle. Cherico
his prisoner into the
house Ward had % break to his wife
the news that he had been indicted on
a charge of murder. Such an eventual
ity had not been expected, as the Ward
forces have always believed hat their
self defense plea was too strong to be
denied and evidence to offset 1t too
The New York herald., 1922-06-16
Pistol Pressed TO ward.

The next morning the gang telephoned
him that he was TO meet them on the
road between Port Chester and New
Rochelle late that night. May I5 He
drove 10 the designated place and found
the men In a red Stutz. Peters trans
ferred himself to Wards coupe and
with pistol pressing his side, told Ward
where TO go. The red Stutz trailed the
coupe, with Jack driving It. They rolled
northward until Peters had Ward stop
near the upper end OF the Kensico reser-
voir. The red car passed and stopped
in front of the coupe, partly blocking
the road.
Peters said, pointing his revolver ::
You got out here" Ward made as
II TO dc so, but feeling in the dark wills
his loft hand for his own pistol down
The New York herald., 1922-06-16
Two Days for Pleading.

The Justice assented, and the District
Attorney agreed to produce a copy of
the indictment the first thing this morn
ing. The Judge remarked that two days
are allowed for the pleading, and that
Ward could appear either to-day or on
Monday. the next court day.
II think we will be ready tomorrow
morning" Campbell said. and Il was so
agreed the Judge announcing that the
indictment would be locked In his safe
overnight.
That Is all" Justice Morschauser
said Deputy Cherico then finished his
Job by taking Ward to jail. The pris-
oner was not handcuffed lie walked
beside the deputy down the stairs and
through a long corridor Three young
women followed them, but apparently
had nothing to do with the case beyond
the demands OF curiosity. There was
no great crowd outside the jail. al
though many photographers were there.
Warden John Hill. In his best suit
and a rose In his buttonhole. and his
head keeper, in his newest uniform. rose
20 the occasion. Hill knows Ward, for
the latter passed two nights in the jail
rwo weeks ago. when he was held with
out bail. which was later placed at
$50, 1000.
The Warden o. Kd the commitment
elNerers In a moment Attorney Camp
bell and his associate. Miller. with Ralph
Ward. were admitted 10 the Jail
80 long" said Deputy Rusco 10 Walter
Ward, leaving him.
80 long" said Ward. summonlng q
quick smile.