davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-01-27

chased In omen market fell off 12.200.-
600. Substantial additions to the hold
ings of United States bonds and notes
were made by the Federal Reserve
banks of Philadelphia and San Fran
cisco, the total increase under this head
being S5,7O0,000. No change Is shown
in Pittman certificates held as cover
for Federal Reserve Bank notes, while
holdings of other Treasury certificates.
reported mainly by the Boston. New
York and Chicago Reserve banks, in
creased $17,400.000. Total earning as
sets were $52,s00.000 less than the week
before. and on January 20 stood at
$1,1S3. 100000. compared with s2,s0S,-
900, 900 about year ago.
OF the total holdings of SSS7 100000 of
bills secured by United States Govern
ment obligations, s2s2. 10000. OF 70 per
cent, were secured by Liberty and
other United States bonds; S39. .sOo,O0. or
105 per cent, by Victory notes; SILL
900, or 3.2 per cent, by Treasury notes,
aud so6, 100 600, or 7.3 per cent. by Treas
ury certificates.
AS against an increase Of s1s.50o.0co in
Government deposits, the banks report
reductions for the week of s21, GOO in
reserve deposits and of 50. 10000 In other
deposits, composed largely Of nom
members clearings accounts and cash.
iers checks.
Federal note circulation fell A5.7oo.-
900, compared with a reduction or S2i-
100000 for the corresponding week in
1921. Since December % Federal re-
serve note circulation has been reduced
s259, 500, 600. compared with a reduction
of $3.50 900 for the corresponding
period a year ago.
a
The New York herald., 1922-01-27
ss,ooaooo MORE GOLD HERE.
shipped From Sweden tn Pay for
Imuorts From United States.

The Swedish-American liner Stock
holm brought i'm yesterday from Gothen-
herg S3.ooo,O0O in gold, consigned to
New York banks in payment for goods
bought in the United States. The purser
said that the ship Just missed ship
ment OF S1O.000.000. said to be from
the Russian Government, for grain pur-
chased here. That money will be shipped
on another vessel of the line.
The Bergensfjord of the Norwegian
America Line. from Christiania. had
aboard, a ton of gold coin and some
gold bars consigned TO the National
City Rauk. Capt. Ole Bull said he did
rot know whether or not II was from
Russia, as had been reported.
The New York herald., 1922-01-27
F. T. CHANDLER, JR., EXPELLED
Member or Failed Brokers' Ffrna
Oustcd From Exchange.

The New York Stock Exchange ex-
PEELED yesterday Frederick T. Chandler.
Jr., from membership, a step which fol-
lowed the appointments OF a receiver for
Chandler Brothers 4 Co. several months '
ago. The Exchange, In announcing its
decision. said that It was based on find
irss that the failure Of the brokerage
firm. OF which Mr.. Chandler was q mem
Der. on July 25. 1921, was caused bv
RECKLESS and unbusfnessliis dealings" +"
T1is governors dircotsd the COMMITTEES
on admissions 20 dispose Of ths chsndlse
membership at once.
The New York herald., 1922-01-27
TARIFF BILL PROGRESSES.
Fixing of Specific Bill Advanced
In Permanent Act.

WASHINGTON, Jan. 26.--Reporting
progress in the fixing Of specific rates
in the so-called permanent tariff bill.
Chairman McCumber of the Senate
Finance Committee said to-day It was
his hope the bill could be made ready
for the Senate by March I.
= Further consideration of the valuation
plan which Is to be written into the bill
will be deferred until next Tuesday, Sem
ator McCumber said. Until there is a
decision on this question the AL valoreIn
rates cannot be fixed. Since the Ford
ncy bill ad valorem rates are based on
the American valuation plan. which the
Finance Committee has discarded, Sena-
tors are agreed that most of these rates
will have to be rewritten.
The New York herald., 1922-01-27
SETS OIL EXCHANGE BASIS.
Middle states Cooperation Outlines
Merger Plans.

The Middle States Oil Corporation an
nounced yesterday plans for the ex-
change of outstanding stock of the
Texas Chief Oil Company. Dominion Oil
Company and Ranger Texas Oil Com
pany for. the. stock of the Middle States
Company at the rate of 81 par value of
Middle States stock for $40 of any of
the foregoing shares, and for the ex-
change of stock Of the Imperial Oil Cor
poration, both common and preferred, at
the rate Of $3.50 of Middle States stock
for $40 of Imperial common and Sc Of
Middle States stock for $40 Of Imperial
preferred.
This consolidation effects no increase
in the outstanding capital stock of these
companies. but amounts to an actual
decrease of $1,996,Oo0 In par value Of
their capital.
The New York herald., 1922-01-27
MEXICO INQUIRY URGED.
House BfII Aimed at Alleged Oil
Propn gnnda.

WASHINGTON. Jan. 26.-Congressional
Investigation of charges tina. an extern
sive campaign OF propaganda" has been
waged both i'm the United states and
Mexico by agents and representatives
OF certain American oil interests" TO
"discrcdit the present Government of
Mexico and to prevent its recognition by
the United States" was called for to-
day I'm resolution introduced by Rep
resentative Connally. Democrat. Texas,
Mr.. Connally proposes tho House For
eign Affairs Committee make am exhaus-
tive inquiry into the personnel and ac-
tiyities OF the National Association for
the Protection OF American Rights In
Mexico and the Association OF America n
Owners of Land in Mexico.
The New York herald., 1922-01-27
ANACONDA -EFTCIT $s,s5s,547
Copper Mines Closed Most of Nins
Months Covered in Rcport,

The report OF the Anaconda Copper
Mining Company for the nine months
ended September so shows deficit OF
$s.65s.547 after charges, Federal taxes
&c. During large part of the time COW
cred by the report the mining properties
of the company were closed down.
Gross income was $49,5S2,446 and cx-
penses, taxes. &c. s51.055,419. Other
income amounted TO s6,19 and s4,s67,-
51f was written off for depreciation
obsoiescence. &c. For interest charges
s2.3S1.596 was deducted and $59.340
was apportioned to the minority in
terest.
The New York herald., 1922-01-27
NORFOLK AND WESTERN GAINS
Reports $2,13S,Ss6 Net Operating
Income Saved in December.

The Norfolk and Western Railways
operating report for December shows
$2,13S,SS6 in net operating income saved
out of gross operating revenues OF
37.2fS,S94 after deductions for operating
expenses and taxes and adjustments for
joint facility rents That amount repre-
sented a gain of s1.24S,675 in net earn
ings. compared with those of December.
1921, when only ss90,211 in net operat-
Ing income was saved out of a larger
gross operating revenue, amounting to
$S,440,933. which indicates clearly the
effect of reduced costs for labor and
materials and the result Of increased
operating efficiency
The roads remarkably good showing
for December brings its total net operat-
ing income for 1921 up to $14,S70,021, In
contrast to $3.655.717 in net for the
corresponding twelve months Of 1920.
It's gross operating revenues aggregated
$S0.760.590, in contrast to $SS,4s9,355
In 1920.
The New York herald., 1922-01-27
HOLDS UP TAX ON ORE.

DULUTH, MINI. Jan. 2e.---Fedcral
Judge Page Morris to-day granted an
order restraining the State of Minnesota
from taking any further steps TO collect
the occupationsl tax on iron ore In
northern Minnesota until hearing on a
petition for an interlocutory injunction
before court Of three Federal Judges
The order halts examination OF the books
OF the Oliver Iron Mining Company and
thirty independent corporations.
The New York herald., 1922-01-27
FRUIT EARNS sas.oo A SHARE.

Tho earnings OK the United Fruit
Company in 1921 were equivalent 10
s33.gG a share on its capital stock out
standing prior TO its 100 per cent, stock
dividend. The company's loss on sugar
during the year was negligible Spencer
Trask & Co. have prepared circular
aualyzing The conpany's growth and
position.
The New York herald., 1922-01-27
DIVIDENDS.

ssss.' r.y-
n.oon on Co M. ~ .... Jan !" J.s. -
Cast Iron pipe CO. o. ~ =.
Nl.2S ....s.. .4t.s.s-. 90 :. nat' 4 MY ="
Continental pspsr Bss :. !.
Mills, a., VI so. ..........-Eet. req. N
Continental Paper a Bag -.
rsrnord Mfis a. 81 so. 49,. Jas. ~ Feb. I
Esword Nina a. pf. af rs. Jan, ~ F~t. I
s:sss:rss s;.ss.2s sBBfii saBBiiIs IA; &c. c. 4 " .,
stsndsrs NiuIps o.. rtvs - -. a
The New York herald., 1922-01-27
AJAX nuunEn SHOWS DEFICIT.

The Ajax Rubber Company's report for
tho first nine months OF 1921 shows loss
of es.?66.4i5 after interest and inven-
tory adjustments. Its operating loss was
sc5ag,C43. its inventory adjustments
Si.I57,agi, and It's interest charges
sS62.a7l.
The New York herald., 1922-01-27
ARMOURs ISSUE DENIAL.

WASHINGTON. Jan. 26.--Denial that
Armour a Co. had violated provisions
of the packers and stock yards law. as
charged by The Kansas City Live Stock
Exchange in "a complaint filed with the
Dcpartmsn mt of Agriculture. was issued
to-day by representatives Of Armour &
The New York herald., 1922-01-27
OTIS STEEL LOSS s1.214,5oO.

The Otis steel Company reports for the
first three quarters of 1921 a net loss Of
sl.aii.550 after charges but before de-
probation. It's net operating loss was
$924.1S7. and other income S6s,ss3. The
company's income charges amounted to
s297,464. and its subsidiary companies
losses to $61.ss2. Preferred dividends OF
s30a.071 were declared by the company.
making its final deficit for the year
4
The New York herald., 1922-01-27
INvINoInLE OIL NET s4is.asl.

The Invncible Oil Corporation reports
for eleven months ended with November
net income of s4is,2s4. before deple-
tion. depreciation and taxes. Earnings
from It's operations were $s24,o66 and
its other income s232, 2,34o, against which
were charged interest and discounts OF
SsOS4S2
The New York herald., 1922-01-27
EXPORTS FROM NEW YORK.

Exports from New York ysstsrda.: whsst
iop. .5.ss bushels: corn. 1e6,945 bushels; bar.
ley, 90 Gao bushels flour. 26, ,osf sacks beef
2,sTfsoi pounds grease, i20,oo0 pounds
iubrlcsting oil. 1880 gallons; alcohol. f7s
bsvreis; on cake. A.1sovsQo psu.<s-
The New York herald., 1922-01-27
BETHLEHEM STEEL
DIVIDENDS EARNED
Inventories Reduced to Lowest
Point in 1921, One of In
.dustry's Worst Years.

The Bethlehem Steel Corporation in
1921 not only earned its dividends with
a substantial margin to spare. but re-
duced it's inventories to the lowest figure
they have ever been since the corpora
tion has had it's present capacity, and
ended the year in an excellent cash posi-
tion. This was revealed yesterday when,
after meeting of the directors at which
the regular common and preferred divi-
dends were declared, Eugene c. Grace,
president, issued statement :"
Net earnings after charges and after
extraordinary deductions on account OF
future bond redemptions amounted To
$S,02s. s03 or $3.50 a share on the COM
mon stock after preferred dividends.
Comparisons are as follows:
The New York herald., 1922-01-27
OFFERS INSURANCE. COURSE.

A practivl course in life insurance
for Insurance men will be given az CO.
lumba College in It's spring session.
beginning on February II. Joseph d.
MacI.ean, assistant actuary of the Mu-
tual Life Insurance Company OF New
York. will be the instructor.
The New York herald., 1922-01-27
CUSTOM HOUSE RECEIPTS.

The receipts ior duties at the Custom
ifousc yesterday were sSJ1 .6a,.32. of witch
sc1I ,T6i.sp WAS for merchandise Withdrawn
from bonded warehouses aud 5000 .S91 IL for
recent lmportations
The New York herald., 1922-01-27
KNOTT HEADS BANK.

David VI. Knott, former sheriff of New
York County. was elected yesterday
president Of the Central Mercantile Bank
of Nsv YhnA
The New York herald., 1922-01-27
LONDON WOOL MARKET.

LONDON, Jan. 26.--Thorc was strong
demand for all classes at to-day's WOO
auction sales. Full recent rates were paid
ard most OF the i1,si3 bales offered were
toId
The New York herald., 1922-01-27

, pletion 6oo9sssdd5 sd 1sGi 1 ~ a.
7 Discount and ex-
pense of bond and
note issues applic-
able to subsequent
years ............ 2,So4uul .....-....
Balance ,.......... S.O2s,S03
' Before the deduction Of the charge
fer subsequent redemption of bond and
note issues the earnings were $11.52 a
share on the common stock. These earn
ings, Mr.. Grace said accrued largely
from orders on the books at the Begin
ming Of the year. The year, he said.
was one of the worst ever experienced
in the modern steel industry. Orders at
the end of the year were valued at $780,
$4,000 compared with $145,2S7.OO0 a
year before. This estimate makes al
lowancc for expected cancellations OF
work on the naval program. New husi-
ness booked during the year amounted
to S52,672,0 600.
The balance sheet will show current
assets over current liabilities of $751;
c36,675 compared with $77.474.000 a
year ago. The cash and liquid securi-
ties. largely United States Treasury
obligations, amounted to $54.SSf,227.
compared with se0,o7s.7ss. The value
Of all inventories was s41,115,700, COM
pared with $Y3,a0S,67S, the decline hav-
ing been deducted gradually from earn
inss.
Allowances for depreciation and de-
rlction aggregated s6,oO2715, making
the total out of earnings for five years
$9o,300, 900, providing for the elinina-
tion In ordnance plants made after 1914,
as we'll as the excess cost of CONNER
cial plants constructed during the war
period. OF a total property account OF
1886, 900. 900, less than $s.o00,00O Is now
represented by investments in ordnance
stocks.
Mr.. Grace said that the plants are op-
Grating about 80 per cent. of capacity,
while the only activities in the shipbutid-
ing plants are the completion of a Few
old contracts and the execution of fair
amount of repair business. Inquiries as
well as the planning of new projects are
more active. he said. ~
Just so soon as the country can pe
given cheaper transportation. cheaper
fuels and cheaper building operations
through the lowering OF the high labor
rates." Mr.. Grace said. 1--WE should start
forward. provided necessary revisions
arc made in the present tax laws and the
American merchant marine Is made pos
siblc for the economical and ehlcicn'
distribution throtfghout the world OF our
farm and manufactured products"
The directors declared the regular
quarterly dividend of IA per cent. on
both classes OF common stock. payable
April Ito stockror. record March IA,
The New York herald., 1922-01-27
BID ASKED QUOTATIONS
Y. Y. STOCK EXCHANGE QUOTATIONS..

To the following prices accrued interest Is
10 be added: AL
FOREIGN GOVERNMENT AND MUNICH
PAL BONDS.
The New York herald., 1922-01-27
FEDERAL RESERVE
BANK STATEMENT
Note Circulation Reduced
Again; Gold Holdings In
crease; Ratio Goes Up.

Special Dispateh to THE NEw York HERALD.
New York Herald Bureau,
Washington, d. c., Jan. 26.
Further reduction by s45,70o.0oo In
Federal Reserve note circulation. ac-
companied by gains of $500 900 IN gold
and Of s1.S00,0O0 in other reserve cash,
and decrease of S6.1o0.00o in deposit
liabilities are indicated in the Federal
Reserve Boards weekly consolidated
bank statement. The Reserve ratio rose
again from rs to 77.2 per cent.
Federal Reserve Bank holdings of bills
secured by United States Government
obligations were s30,S00,000 less than
the week before. larger reductions In
paper secured by Victory Notes, Treas
ury notes and Treasury certificates be-
ing offset in part by an increase in hold
ings of paper secured by United States
bonds. Other discounted bills declined
$32, 100000. while acceptances pur-
COMP AR ATvyE STATEMENT OF
The New York herald., 1922-01-27
MONEY MARKET.
TIME LOANS.

AtbfNolff>ls JANIhiNt ~
Renewals ......... 4nlLsst. .............. 5h
High ............. q Years hish.......
Low .............. iislYears low........
TIME LOANS.
Missed collateral, 90 10 90 days.. fst
Mixed collaterals, 4 to q months. 4t
lnduetrlal5. 90 to 90 days. s........... sa15
lndustrials. to months. hs.......... 4405
COMMERCIAL PAPER.
Best names. 4 10 y mon,he. ...."..... fad5
Other names. to months. ........
DISCOUNT RATES. RESERVE BANK.
Commercial paper, st5 days. AZ 60 10 90
days, Az: Liberty bonds and Victory notes,
H. days. ~: 10 to 90 days, ~. bankers
acceptances. IL 20 90 days, 4lk.
sFixed November 2. Previous rate, .,
fixed September a.
OPEN MARKET RATES.
Call loans aud scceptanocs. ....... 4iscs
Discount rates on prime bankers accent
anccs eligible for purchase by Federal Re
sorVe' Banks.
Bid Ask. BID, Ask.
30 dsys..... az 90 days.. ~
60 days. 80. ~ 100 days...,. 4is 4
CLEARING HOUSE STATEMENT.
Clearing House exchanges, Sei7,foo,o0o
balances, ss7 100000: Federal Reserve credit
balances, SO. .30O,o0o
SILVER MARKET.
Official bar silver in Now York. domestic.
pessc.. unchanged; foreign. .eolto-, OIL kc.
London, 3sd., unchanged Mexican dollars.
fosSc., up sc.
Ihs range OF silver prices this year;
Highest Lowest.
London. ......... xyid.. Jan. 4He- ~. Y
Stsw Ye<1s<-~s--- osse~ AsesnnSssss3
The New York herald., 1922-01-27
UNITED STATES TREASURY STATEMENT.

Di,potch New yosK iirsMp
w..S...;ss. s.S .;.s T.res :. 9. s:" "ss':: =: !
The New York herald., 1922-01-27
COMMERCIAL PAPER.

Mixed collaterals, 4 TO @ months. . ~
Induetrialg. 60 to 90 days. s........... 4HTJ
Indugtrials to II rnonths 1afts
The New York herald., 1922-01-27
OPEN MAHKrT uATEs.

Call loans and acceptanCcs. .,......... 4isc
Discount rates on prime bankers accept
anccs eligible for purchase by Federal Re
The New York herald., 1922-01-27

Closing prices OF stocks In which there
uera p,. ~ ansactions Yesterday.
The New York herald., 1922-01-27
CLEARING HOUSE STATEMENT.
SILVER MARKET.
official bar silver in Now York, domestic

Clearing House exchanges, Sei7, 100, 900
balances Stg 400 600
The New York herald., 1922-01-27

Best names. 4 20 y months.
Other names, to q months. .......
nySCOuTNT RATES RESERVE ma
The New York herald., 1922-01-27
Tot a ! earning

assets ..........
Tank premises. e. !.
80 redemp. fund
against Fed X.
Bank gotes......
Uncollected items
All other resources
The Raymer enterprise., 1922-06-15

"Open up, and find Quit" said a man In the
Monterey Center crowd, who seemed to take COM
mand us n matter Of course. "Kck the door
open, Dutchy!"
As he said this he stepped aside, and pushed
me up to the door, | gave II q push with my
knee, and the leader jerked me aside, just In
time to let charge Of shot pass my head.
"lts only slngle-barre gum" said he "Grab
himw
| was scared by the report Of the gun, scared
and mad, too, as clinched with the fellow. and
threw him; then l pitched him out Of the door.
when the rest Of them threw him down and be-
gan stripping him. At the same time, some one
kindled fire under kettle filed with tar. and In
a few minutes. they were smearing him with 1t.
This looked like going too far to me, and
stepped back couldn't stand II to see the tar
smeared over his face even II It did look like
map OF the devils wild land rs he kicked and
scratched and tried to bite, swearing all the time
like a pirate. II seemed a degrading kind OF
thing to defe human being In that way. The
leader came up to me and said, THAT was good
work Dutchy. Lucky was right about Its be.
Ing singe-barrel. amt It? Help get his team
hitched up. We want to see him well started"
"All right, Mr.. McGin." said for that was
his name. now first told In all the history Of the
county. "a
smut up!' lie Said My MINUS ouiitn. you
lunkheadi"
The next and the last stop. was away down on
Section Thirty -fve-two miles farther. was feel.
Ing rather handicapped, because Of the memory
of that poor fellow with the tar In his eyes-but
| went all the same.
Mciill pounded on the door.
"Come OUT he shouted. you've got company"
There ives a scrambling and hustling around
in the snanty, and low talking and some one
asked who was there; to which McGlll replied for
them to come out and see. Pretty soon, little
doddering figure Of man came to the door, pull.
ing on his breaches with trembling hands as he
stepped. barefooted. on the bare ground which
came right up to the door-sill.
whats wanted, gentlemen" he Quavered. II
CANT ask you to come in-jlst yit. What's
wanted7'
for Old Mai Fewkes, whom had last seen back
on the road west Of Dyersville. on his way to
"Negosha." Where was Ma Fewkes. and where
were Celebrate Fourth and Surajah Dowlahl And
where, most emphatcally where was Rowenai
stepped forward at McGill's side. Surely.
thought. they were not going to tar and feather
these harmless goodfor-nothing waits Of the from.
tier; and even as thought II, saw the gllmmer-
Ing Of the fire they were kindling under the tar
kettle.
ave want you. you Internal claim jumperl' said
McGill. "We'l show you that you can't steal the
and from US Woodworking settlers, you set Of
sneaks! Take of your clothes, and we'll give you
q coat that will make you look more like buzsards
than you do now"
The Raymer enterprise., 1922-06-15

'lnefe9
Of the crowd. Catch 'em!"
There was a flight through the grass from the
back Of the shanty, rush Of pursuit, some feeble
yells jerked Into bits by rough handling. and pre-
sently. Ceiebrate and Surajah were dragged into
the circle Of light just as poor Ma Fewkes, with
her shoulder.blades drawn almost together came
forward and tried to tear from her poor old hus
bands arm the hand Of an old neighbor Of mine
whose name won't mention even at this late
day.
"Say" said a man who had all the time sat
In one Of the wagons. holding the horses. you'd
better leave out the stripping, boys"
They began dragging the boys ard the old man
toward the tar.kettle, and McGel with his hat
drawn down over his eyes. Wig to the Shiny
mass and dipped into 1t a wooden paddle with
which they had been stirring 1t. Taking az much
on It rs Il would carry, he made as II to smear
It over the old mans head and beard. could not
stand thls-the poor harmless old coot and l ran
up and struck McGill's arm.
what In hell" he yelled. for some Of the
tar went on him, do you meanw
Don't tar and feather EN-" begged. II know
these folks They are a poor wandering family
without money enough to buy land away from any
one"
We list thought we'd kind o settle down." said
Old Man Fewkes whimperingy; "and I've got the
money promised me TO buy this land. So It's all
right and straight"
The silly old leatherhead didn't know he was
doing anything against public sentiment; and told
the very thing that made q case against him. !
nave found out since who the man was that
promised him the money and was going to take
the land but that was just one circumstance In
the land craze, and the man himself was wounded
at Fort Doneson, and died In hospital-so won't
tell his name. The point Is, that the old man had
turned the jury against me just as had finished
my plea.
"You have got the money promised you, have
your" repeated McGlll. "Grab him. boys"
| clinched with our man, and getting rolling
hiplock on him. whirled him over my head. as
had done with so many wrestling opponents, and
letting him 20 In mid-air he went head over
heels, and struck ten feet away on the ground
Then turned on McGill, and with the fiat Of my
hand, slapped him over against the shanty. with
his ears ringing. They were coming at me In an
undecided way: for my onset had been both sud.
den and unexpected when saw Rebecca run
ming from the rear with q shotgun In her hand,
which she had picked up as 1t leaned against
wagon wheel where one Of our crowd had left Il.
"Stand backF she screamed "Stano 0ack. or
I'll blow somebody's head on
heard chuckling laugh from man sitting
in one Of the wagons, and q word or two from
him that sounded like. Good girl" Our little
mob fell back, the man had thrown llmping,
and Dick McC'Ill rubbing the side Of bis head.
The dawn was now broadening In the east and It
was getting almost light enough 80 that faces
might be recognized; and one or two Of the
crowd began to retreat toward the wagons.
an see to IT," said l, shat these people Will
leave this land. and give up their settlement 90
H."