davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-03-17
HARRY LAUDER PREFERS
READING BANK BOOKS
Count More Than Credentials,
He Tells Brooklyn Rotarians.

Sir Harry Lauder talked on friendship
thrift and work yesterday al the weekly
luncheon of the Brooklyn Rotary Club
al the Hotel Bossert. With reference to
thrift, he said:
II would rather read a mans bank
book than read his credentials" He de-
clared that 60 be out of debt is the
first chapter OF efficiency"
Kind words were described by the
comedian as being the music of the
world. The world. he said, needs more
friendship. and in its quest OF il the eyes
of the world are turned toward the
English speaking countries
I'VE talk OF betterment and OF better
ment of business conditions" he con-
tinued. but we keep putting 1t Off. say
ing II will be next week or next month.
The market of tie world must be put in
a better condition. The market is not
the United States OF America. nor is Il
Great Britain. II is all Europe and all
America. II we can put II right we shall
all be busy. To do this we must secure
friendship. which is the keynote of the
worlds business"
He said his aim in life was 20 give
expression to thoughts that would help
his fellows to help themselves. II would
rather give happiness by affection than
fell by infection" ne added.
The comedian called war "all wrong"
let US break down the battleships and
build up friendship" he concluded.
The New York herald., 1922-03-17
COMMON DIVIDEND
PASSED BY CRUCIBLE
Wilkinson Explains Why Pre-.
ferred Sells So Lou.

Directors OF the Crucibe Steel Com
pany OF America yesterday passed the
quarterly dividend OF 81 share on the
common stock, due at this time.
With the notice OF the passing of the
common stock dividend the following
statement was made by Horace S. Will
kinson. chairman OF the company:
II am of the opinion that the long
drawn out depression in the steel busi-
ness is nearing the end and that from
now on we shall have a gradual return
10 more normal business. I believe II
will not be long before the company
will be able to resume the payment of
TIL, dividends on its common stocks
"On March 1. 1929. the company had
a surplus OF s24.032.121. which may be
applied to the payment Of dividends, but
we do not believe this surplus should be
reduced at this time excepting in pay
ment OF dividends on preferred stock
II will be the policy Of the management
10 resume reasonable disbursement for
dividends on common stock as soon as
the earnings and business conditions i'm
prove sufficiently TO Justify same.
so far as the common stockholders
are concerned. they should know that
practically no changes have taken place
IN common stockholders Of record since
have been chairman of the company
excepting the changes that show the sc-
QUESTION OF additional stock BY certain
holders and the addition of new names
10 our common stock list / should re-
gret very much IL any loss were taken
by any stocSholder through the sale OF
bis stock because OF the action in pass
ing this common dividend"
The New York herald., 1922-03-17
INSPECTOR OUSTED
FOR THEATER CRASH
Finlay's Suspension Follows
Courts Hint of Action on
Brooklyn Wreck.

James NJ. Finlay of 62 Montagus
street, Brooklyn. an inspector of steel
construction In the Department OF
Buildings in Brooklyn, was suspended
yesterday by Albert Kisinert. Superin-
tendent of Buildings, as a result OF the
report of Chief Magistrate McAdoo on
the John Doe proceedings to establish
the responsibility for the collapse of the
American Theater. at Bedford and Park
avenues. Brooklyn, on November 20.
Finlay was one of the four men
against whom the Chief Magistrate said
he would entertain charges OF man.
slaughter and who has been arrested.
He is held responsible for many viola
tions of building regulations in the con-
struction of the building. the collapse
of which killed seven persons and in
jured seventeen others.
Borough President Edward Reigel-
mann issued a statement in which he
declared he would take whatever action
might be necessary to remedy conditions
in the building department. He said, in
part:
I'm view of the fact that the matter
Is still pending in the hands Of the Dis
trict Attorney. ] would deem it mani
festly improper to make any statement
or comment at this time that might pos
sibly interfere with anything the District
Attorney is doing or any action he pro-
poses to take.
II have given to the District At
torney my fullest cooperation since the
beginning of this investigation. and /
propose to follow the same course to the
end. Magistrate McAdoo's criticism of
the Building Bureau will receive the
fullest consideration, and If action IS
deemed necessary action will be taken
regardless of how drastic it may be-"
David Hirshfield, Commissioner of Ac-
counts, in view of the action of Mag
istrate McAdoo. yesterday wrote letter
to District Attorney Banton calling at
tention to the fact that no one had ever
been held responsible for the collapse
of the Strathmore Building, Broadway
and Fifty-second street. in which one
man was killed and several were in
jured.
Ferdinand Pecora, Acting District At
torney, said that two distinct investiga-
tions had been made by the District At
torney's office without producing any
evidence Of culpability.
The New York herald., 1922-03-17
TUNNEL AND LIQUOR
VETOES OVERRIDDEN
Jersey Legislature Insists on
Ousting Democrats in
Hudson Tubes.

special Dispatch 10 THE New York HERALD.
TRENTON. March lb.-That tine Repub-
'l.can majority in the Legislature Is de-
termined to wrest control of the New
Jersey Bridge and Tunnel Commission
was indicated this afternoon when the
House passed over the veto of Gov.
Edwards the ripper" bills sponsored by
Mr.. Evans OF Passaic. the majority
leader.
The ripper" bills were sent immedi-
atcly to the Senate and will be acted
upon by that body tomorrow, for vetoed
measures can not be taken UP on the
day of their return.
Serious attempts Of the Democrats to
block the rippers ceased yesterday
when Gov. Edwards forwarded his veto
messages to the House, accompanied by
detailed statement in refutation of
charges made against T. Albeus Adams
of Montclair. president of the New Jer-
sey Commission.
Passage of the measures by a party
vote to-day was perfunctory and similar
action by the Senate tomorrow will be
the same. unless the minority inaugu-
rates a filibuster. This is not anticipated.
Besides ousting the present commits
sion and creating a bipartisan board OF
eight members designated in the custer
measure, the companion bill strips Jer-
sey City, or the administration of Mayor
Hague, of power to halt the Hudson tun-
mel by empowering the new commission
to condemn the lands necessary for the
tunnel and its approaches. This bill
was drafted after Mayor Hague had de-
clared the tunnel would never be built IL
the Democratic commission was ousted.
Activities of G. Rowland Munro, coun-
sci for the Anti-Saloon League Of New
Jersey, on the floor Of the House this
afternoon called forth protest from both
the Democratic and Republican sides Of
the Chamber. Following his usual prac-
tice when prohibition legislation is un-
der consideration, Munro was particu-
larly interested in the anti-screen bill,
of which he was the craftsman, which
requires exposure of the interior of all
places where alcoholic liquors are Sold
as we'll as of poolrooms and billiard
parlors. 1t was passed over the veto OF
Gov. Edwards, as were the other prohi-
btion bills.
The Senate passed over the Governors
veto the excess crew law repeater, the
Case bill providing for an increased
State police and the measure accepting
The provisions of the Sheppard Towner
act of Congress to aid maternity and
infancy.
An effort will be made to adjourn
finally tomorrow instead of Saturday as
now provided.
The New York herald., 1922-03-17
PROPOSALS.
THE PITTSBURGH, CINCINNATI, CHICAGO
&ST. LOUIS RAILROAD COMPANY
PROPOSALS
Treasury popartmeni.


Consolidated Mortgage Bonds or VAN.
DALIA RAILROAD COMPANY 20 = total
cost Of si5s. 90 viii be purchased for the
sinking fund March 81. 1922, a. the Agency
Of the Company. The Farmers Loan and
Trust Company. New York city. under thu
following provision OF the mortgage.
sealed proposals for the sale OF said
bonds viii he received AZ the Agency OF
said Railroad Company in tho City OF
New York. and bonds offered at the price
which, exclusive Of accrued interest
thereon shall be the lowest percentage
of the principal thereof. win be accepted
and paid for at not exceeding par and ac-
crued interest. Should bonds Of different
holders be offered al tho same price. the
number ot such bonds purchased shalt be
on pro rata basis, as nearly as prac-
ticabie, IN proportion 70 the whole number
of bonds offered at the same price"
Proposals 10 SCH bonds 10 the sinking fund
must be In the hands Of The Farmers Loan
and Trust Company, New York City, before
three O'Clock r NJ. on Thursday, March so.
1922, and must state the Series Letter of the
bonds offered. On March 3ist notice OF ac-
eeptance WIN be mailed. and Interest 30
April ist, 1922. win be paid on bonds ar
cepted Bonds accepted must be delivered on
April fst or security furnished on that day.
II, required that delivery win be made
Within ten days.
r. n. II. MCKNIGHT. Treasurer.
The New York herald., 1922-03-17
SILK Market Improving.

The local raw silk market is show.
ing a slightly better tone. Although its
business continues limited. according TO
II. l.. Gwaltcr g. Co., Inc. present values
are receiving more attention from the
mills, which are in need OF raw material.
frmer tone prevails in the primary
markets in which quotations are above
New York prices. Conditions In the
fabric market are improving and the
outlook for broad silks and ribbons is
reported as more favorable. The Milan
market is quiet, and buying for Euro
pean consumption Is of hand to mouth
character and confined to thrown silks
for ready use in mills. The Yokohama
market is quiet with prices steady on the
basis OF 1920 yen for double extra and
1850 yen for tram stock. Stocks remain
about 10000 bales. Business in the
Canton market is reported as moderate
at firm prices. The Shanghai market
Is duh and its prices are nominal
The New York herald., 1922-03-17
SEABOARD CLEARANCES.
TO GIVE UP CABLE MONOPOLY

RIO JANEIRo, March 16 ASSOCIATED
Press) The Brazilian Government has
no reason 10 oppose the recent petition
of the Western Telegraph Company to
abrogate its cable monopoly in Brazil, in
furtherance OF the proposed agreement
between the Western Telegraph and the
All America Cable companies concerning
South American cable extensions. the
Co1Teio de MoHhU to-day quoted the
Minister of Communications, Pires de
Rio. as saying.
The Minister said there were indica-
tions OF an carly favorable response to
the Western Telegraph Company's petit
tion.
The New York herald., 1922-03-17
Better Tone to Cotton Hosiery.

Manufacturers of cotton hosiery are
beginning to receive a small share u
the hosiery trade, which has been dis
tributed exclusively among silk and
woolen hosiery manufacturers. The
winter and early spring fad for wooien
hose has made serious inroads into
cotton hosiery business. But more
optimism is evident, as the longer skirt
edict and the fad for sport garments
are turning consumers attention TO
longer wearing hosiery. Demand for
cotton and Isle hose for men is said 70
be reyiving
The New York herald., 1922-03-17
BUSINESS NOTES
AND TRADE NEWS
Gingham Price Advance /
Looked For-Demand for
Small Rugs Increases.

Many In the piece goods market are
expecting an advance In the price OF
ginghams soon. In spite Of a strike. In
progress for seven weeks, and which
has resulted in a decrease Of about a
fifth OF the nations gingham product
prices or deliveries. English importa-
tons have made up some domestic
losses, but manufacturers generally
agree that foreign ginghams are in
ferior in quality 10 those made In the
United States. When dress manufac-
turers begin to send in their recorders
scramble for American goods is ex-
pected.
The New York herald., 1922-03-17
HELD IN FAKE STOCK SALE.
Crosa's Brother-in-Law Alleges y
ssO0 swindIing Loss.

John NJ Cross. 40. merchandise broker,
OF $50 seventh avenue. arrested Friday
az Police Headquarters. where he had
gone to make complaint, was held In
1900 bail yesterday by Magistrate
Oberwager in Tombs Court on a grand
larceny charge made bv his brother
in-law. George r. Grant OF 1872 West
Thrtieth street. a charge OF insanity
was dismissed, although Cross admitted
he had been confined for thirty-five
DAYS in an asylum.
Grant alleged that his klnsman had
swindled him out of 500 in fake stock
shares lie said Cross had sold him
stock in the John NJ. Cross Company,
manufacturers OF burglar alarms los
Hudson street. lie asserted the concern
had not been chartered and that Cross
Ind no right ~ s-'i - -tor't
The New York herald., 1922-03-17
Preparing Cotton Lines.

With cotton ready to wear lines be-
ing prepared for early spring showing.
buyers are unloading feverishly as
many heavier garments as possible be-
fore placing orders for new business.
Generally slow selling in this spring
ready to wear business has been more
or less distinct shock to the trade. In
the attempt to unload many are sacri-
ficing quality merchandise TO price die
tates. Even the most optimistic In the
trade are frank to admit that they have
been disappointed. The finer fabric
goods. particularly silks, also have SUI
fered from buying inertia.
The New York herald., 1922-03-17
Combine Credit Bureaus.

Under a consolidation effected between
the service bureaus OF the Associated
Dress Industries of America and the
United Waist League OF America a new
body. to be known as the Joint Service
and Credit Bureau. will conduct all
credit investigations and litigation af-
fectng any member of either associa-
ton. The consolidation. according to
David y Mosessohn. executive director
% the dress body. will benefit materially
credit departments throughout the
dress and waist trades. Several
changes planned by the bureau will be
taken up in the meeting of its advisory
board.
The New York herald., 1922-03-17
JAMES BOLTONS WILL
LEAVES $4,000 FOR PETS
S2OO,OO0 Estate Bequeathed
by Textile Maker.

An endowment fund of $1,000 to pro-
vide for pet cats and dogs Is one OF the
bequests In the will of James Bolton
founder and long time president Of the
Bronx Company. textile manufacturers
at West Farms road and the Bronx
River. which was filed for probate yes
terday in Bronx Surrogates Court
Total bequcsts are said to exceed $780,
900.
Mr.. Bottoms wife. Eleanor, is the
chief beneficiary. Two nephews. William
II. and Thomas Bolton, are to be both
beneficiaries and executors. A trust
fund OF $4,000 is provided for the rector.
warden and vestrymen OF Grace Church.
fremont and Vyse avenues. The Bronx
The wfll gives $4,000 outright to the
Methodist Episcopal Church at West
Farms.
The New York herald., 1922-03-17
FLED FOR LIFE FROM
PITCHFORK ATTACK
Jersey Farmer Says Hand
Tried to Kill Him.

!. SomERvrLrE, n. j., March 16.-John
kish. n farmland. was locked up in
the county jail here this afternoon after.
Il Is alleged, he had tried TO kill his en-
ployer, Frank Kee, whose place IL on the
Hamilton road near New Brunswick.
According to the authorities Kish. work.
ing with Kee in the barn. seized pitch
fork and tried to stab Kee with II.
Kee. who is 81 years old. ran into the
barnyard crying for help and Kish. the
police were told, chased him around for
some time. finally tripping over the
pitchfork and falling. Kee then crap
pied with him and they fought until aid
game from an adjoining farm. A State
trooper handcuffed Kish and brought
him here. He is believed to be insane.
The New York herald., 1922-03-17
Discovers Vast Deposits
of Platinum in Albania

w 7 ASHINGTON. March 16.-
wv Discovery of vast deposits
of platinum in Albania was
announced to-day by Constantine
A. Chekrezi. Commissioner from
Albania to the United States. In
a letter to II. Foster Balm, Director
of Bureau of Mines. he says the
platinum was unearthed several
weeks ago by Prof. Saderholm OF
the University of Helsingfors. in
Albania on a mission for the League
of Nations.
Platinum was found in sufficient
quantities to warrant belief that
the deposits in the Ural Mountains,
controlled by Russian Soviet Gov
ernment, would lose their position
as the worlds chief supply of the
precious metal. Considerable guam
titles of anthracite coal also were
discovered by Prof. Saderholm.
The New York herald., 1922-03-17
SPECULATORS BUY,
SENDING WHEAT UP
Europe Continues to Purchase
as Receipts in Two Big Cen
ters Dwindle.

CHICAGO, March 16.-Speculative bay
ing, based largely on opinions that re-
cent setbacks in wheat had been toe
severe, gave the wheat market a decided
upward swing to-day. The close was
strong at to 3ss net higher, with May
$1.35& to S1.3615 and July $1.l6ts to
S116&. Corn gained rs to rs cents
and oats u a n to 4 cent. In provi-
sions the outcome was unchanged to 81
cents higehr.
Wheat at first had a downward tend
ency owing to new declines in Liverpool
II soon became apparent. however. that
selling orders in Chicago had lost their
popularity. An active demand from COM
mission houses developed and the con-
tention was made that Notwithstanding
reported weakness of British markets
the difference between Chicago and
Liverpool values Of late had widened in
stead Of narrowed. Then, too, it was
said that continental European coun-
tries were buying, and with dwindling
receipts at Kansas City and Minneapolis.
together with adverse crop reports from
Ohio. the market during the later deal
ings continued TO gain impetus toward
higher level of prices. One bullish fac
tor Just before the close was Phila-
uelphia message saying dealers were
picking up all the cheap -four they
could get.
Industrial demand for corn and fall
ing off in arrivals here helped to lift
values OF corn and oats. Receipts OF
corn here were the smallest In many
weeks. Despite heavy deliveries OF lard
on March contracts. the provision mar
het averaged higher. in line with hogs
and grain.
WAsHINGToN, March 16.-The condi-
tion OF winter wheat improved during
the last week in Oklahoma, Texas. Kan
sas and in the lower Missouri Valley.
according to reports received by the
Weather Bureau.
Wheat was reported to be greening up
and stooling well in the extreme lower
Missouri Valley and in the upper Mis-
sissippi Valley. The crop continues
mostly in satisfactory condition and
showed Improvement during the week
in many localities.
The New York herald., 1922-03-17
Eject OF Flat Life on rug Trade.

An effect of apartment house life has
been to increase the demand for small
rugs. The small lay down rug is now
regarded as the bread and butter Of the
rug industry. large importer calls at
tention to the time when large rooms
were synonymous with generous floor
coverings, but small rooms have quick
ened the demand for smaller rugs. With
the decreased size have come better
quality, higher prices and wider call for
imported rugs and carpets Importers
report improved buying in the last few
weeks. which has resulted in a shortage
in the local market of Mossouls, Relays
and the so-called runway rugs.
The New York herald., 1922-03-17
BRINGS BACK COTTON
SHIPPED TO GERMANY

BosroN. March 16.--The British
steamship Mackinow. IN from Hamburg
and Bremen to-day, brought back from
Germany 5000 bales of American cotton
shipped there several months ago
The cotton was returned to this
country. 1t was said. because market
conditions In Germany at present were
such that the cotton could be sold
more profitably in this country. not
withstandlng the freight charges involved.
The New York herald., 1922-03-17
ELECTIONS AND MEETINGS.
REPUBLIC IRON & STEEL COMPANY

The Annual Meeting OF the Stockholders or
,he Republic Iron Steel Company VIII be
held al the office OF the Company. IL Ex-
change Place, Jersey City, ". j.. on Wednes-
day April 18TH 1922, AT III O'Clock in the
forenoon. for tho transaction Of any and All
business that may properly come before the
meeting Transfer books OF the Company,
both Common and Preferred. VIII be closed
Al 10 o'clock A NJ on April 18Th. 1922.
uTCsttARu HOMES JR Secretary
The New York herald., 1922-03-17
ryeINEMAN DIES or BURNS.

Dominick Despesito. engineman Of the
Erie train which jumped the track al
Nutley. N. j., last Sunday night. died
In ST. Mary's Hospital at Passaic yes
terday from scaids received when the
boiler of the locomotive exploded.
Frank Matthews. the fireman. who lives
on Hoboken street. North Bergen, is In
precarious condition from soalds in
the same hospital.
The New York herald., 1922-03-17
DISSOLUTION NOTICE.

EXPORT BANKING CORPORATION.-1n the
Matter az tho dissolution Of Export Banklng
Corporation, pursuant to Section 4s6 OF the
panking Law. an order has been made and
entered By tho Supreme Court Of the State of
New York declaring that the business OF
such corporation Is closed.
Creditors Of Export Banking Corporation
are hereby notified TO present their claims
10 the corporation at Its office. No. lco
broadway. New York City. for payment Su
or before June 3. ia22.
EXPORT BANKING CORrOpATION.
By join ". GRANT. Vice President.
The New York herald., 1922-03-17
CHICAGO PRICES.
NEW YORK PRICES

WHEAT-No. red and No hard. Sf43;
No. ] Manitoba. 81 SO; No. mixed durum,
$i.3sa, c. !. I. track New York to arrive.
CORNING. yellow and No. white,
stAc.i No. mixed. I6Ac.. c. |. I. New York
OATS-No. white. 46hc.. No. white.
45l5c.. No. white. 43isc. fancy clipped
white. Soc; ordinary clipped white, 49p
50i4c., all elevator.
RYE-No. Western. Sl.1iA Z. o. b. and
$1.13i4 c. |. I. New York, export.
BARLEY-Maiting, 75tSd79kc., c. 1. (. New
York.
observation-disclosures and Canadian.
$3.50 nominal per 100 lbs.
HAY-No. |. S27G29; No. 2. s2592T No. 3.
S2iq26: shipping. s21G23 per ton. Timothy.
Nos. TO l. large bales, ton. $23a2S; ship
ping. $2oI22 no grade, $15919; fancy
clover mixed. se5927; No. 1. clover mixed,
S23I24: No. .. clover mixed. $21422: heavy
mixed. s15g20 alfalfa, $1SI2T
INTIrpI lon pElIrIpTs
The New York herald., 1922-03-17
TO HOLDERS OF FIRST MORTGAGE 5es
SINKING FUND 80 YEAR GOLD BONDS or
ALBANY SOUTHERN n. n. COMPANY

The undersigned. as Successor Trustee
under the First Mortgage. dated September I
1909. securing the aforesaid bonds pursuan NJ
TO Article V. of said mortgage. hereby calls
Tor offerings for the sale TO IL as such
Successor Trustee OF an amount OF aad
Bonds sufficient nearly as may be 10
exhaust the sum OF S32 ,503.99 now IN It's
hands for account OF the Sinking Fund pro-
vided by said mortgage. All such tenders
must be for all or any part OF the bonds OF
fcred, must state the price al which tils
same are offered, and must be received t
the Corporate Trust Department OF the un-
dersigned, 10 Wall Street, New York City ,
at or before II o'clock noon. on Ma arch -.
1922. Notifications OF offerings accepted
VIII be mailed on before March %, 1922
and will call for the delivery OF bonds
before March 81. 1922. with September !. !.
1922, and subsequently maturing coupons
tached. Federal Income Tax Ownership Cer-
tificates covering accrued interest should az
company accepted bonds.
Dated az New York this 10th day OF March,
1922.
BANKERS TRUST COMPANY. Trustee
By II. +. Nilron, Jr.. Vice President.
The New York herald., 1922-03-17
NOTICE or ANNUAL MEETING 1902.
NATIONAL LEAD co

Thr annual meeting of StockhOIderF cf The
National Lead Company win be held az the
office Of the Company. No. ~ Exchange
place, Jersey City. y. j., on Thursday. April
roth 1922 al IL O'Clock noon.
For the purpose OF this meeting the trans
fer books for both Common and Preferred
stock VIII close at r. VI. on March 3Oth.
1922.
By order OF the Board II Directors
NJ N EnfE. snNrafnrA-