davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-12-28
Lehigh Plan Filed.

Officials of the Lehigh Valley Railroad
Company presented yesterday to Attor-
ney-General Daugherty the amended
plan for the segregation of the roads
coal properties. Early action by the
Department of Justice is predicted in
view of the few difficulties which have
arisen in discussions between Lehigh's
counsel and members of Mr.. Daugerty.s
staff. 1t is understood that the plan as
modified represents minimum OF con-
cessions on the part Of the road. The
original plan was filed with the court on
October 6, 1921. after which the Govern
ment Immediately entered objections
The matter has been under active dis
cussion from time to time since then,
recent activities on the part of the
roads counsel resulting in the success
ful termination Of negotiations.
The New York herald., 1922-12-28
steel Merger Details.

All details in connection with the
merger of the Bethlehem and Midvale
companies will be ready for submission
to stockholders of the latter by the end
of, the current week, according to infor-
nation available in the financial dis
trict. The agreement is expected to in
clude details concerning the mortgage
bonds OF Midvale. A period of sixty
days must elapse before the plan is
submitted to the stockholders OF Mid
vale. while In the case Of Bethlehem
only one months notice is necessary.
Announcement was made yesterday that
the Stock Exchange had stricken from
the list the stock of Lackawanna Steel.
or the 351.0s5 shares outstanding before
the acquisition Of the company by Beth
lehem only $4,000 shares still remain to
be turned in for conversion into Beth
lehem securities.
The New York herald., 1922-12-28
FAR EAST.
SOUTH AMERICA.
CANADA.

New York funds IN Montreal ss.6i pre-
MUM per 81 900; Montreal funds in New
York, ss.64 discount per 81. 900.
The New York herald., 1922-12-28
Foreign Exchange Unsettled.

The departure from England yester-
day of the members of the British mis-
sion who are coming here to discuss the
funding of that country's debt did not
have the expected stimulating effect on
the foreign exchange market. This may
have been due to the rumors current in
England to the effect that American
action may not be favorable to Great
Britain. The reaction in sterling was
only fractional. but French exchange
was heavily sold in London before the
opening of the local market and the
same weakness prevailed here. vir-
tually every other exchange closed low
er. but weakness was pronounced In
Belgian. Italian and German exchange.
Canadian exchange was heavy.
The New York herald., 1922-12-28
OIL stocks IRREGULAR.

In the face OF irregularity in the oD
stocks as group. Producers and Re-
finers shares were in heavy demand dur
ing yesterdays session. with the result
that at the high OF 40 they showed, an
advance from Tuesdays closing levels of
S1A points. Mystery surrounds the buy
ing of this stock and hints that Pro-
ducers Is to be made the basis Of con-
solidation Of a number of producing oil
corporations are numerous. although Of
ficials maintain strict silence in the mat
ter. The so per cent. advance in the
price of Wyoming crude oil is also an
important factor in the strength Of the
shares Of oil companies operating in the
field.
The New York herald., 1922-12-28
Pond Creek Meeting To-day.

meeting Of the directors OF the Pond
Creek Coal Company will be held in
Boston to-day. when. II II understood.
the offer made by Henry Ford TO pur-
chase the company's properties will be
considered. The Ford interests. as well
as the Pond Creek people. II is under
stood. desire to complete the transac-
tion before tho end OF the year. and for
this reason II is quite likely something
definite may be decided upon at to-
days meeting. The price at which 1t
IL understood Ford will acquire the
properties to be included In the trane-
actibn. IL II is completed. Is said to
amount to approximately $40 share
on the outstanding stock. Other assets
not included In the sale will be about
S6 or oe more.
The New York herald., 1922-12-28
Equipment Investigation.

Wall Street exhibited considerable in
terest in yesterdays news from Wash
ington to the effect that the Interstate
Commerce Commission was planning
comprehensive investigation into the
railroad equipment situation. While the
announcement Of the time and place Of
the hearing will come later 1t Is under
stood that the commission already has
sent out questionnaires seeking 'infor-
nation regarding freight train cars now
In service. the number of each class
needed. the age Of the rolling stock
now In use and other details. The
opinion here is that the roads will fill
their needs early next year.
The New York herald., 1922-12-28
Colorado Fuel and Iron.

Another evidence Of the betterment in
the steel industry is found in the an.
nouncement yesterday in dispatches from
Denver to the effect that the Colorado
Fuel and Iron Company will start it's rail
mill and blow in two additional blast
furnaces on the first of the year. Those
who have been expecting that the stee,
industry would slow down after the first
of December and would experience the
customary holiday lack Of activity have
been proven to be entirely wrong. As
matter Of fact reports from the indus.
try indicate that constant expansion
rather than any mid-winter letting down,
may be expected.
The New York herald., 1922-12-28
FINANCIAL NEWS
AND COMMENT
New Highs Made by Grain and
Cotton as Stock List Shows
Irregularity.

Except for one or two rather sensa-
tional movements in the stock market
and outstanding strength N grain yes
terday's financial markets were of the
featureless character which usually
marks the holiday period. The general
list OF stocks was highly irregular. with
perhaps preponderance of changes
represented in declines. Some stocks.
such as Producers and Refincrs. Ameri-
can Sugar. Baldwin. American Loco
motive. Du Pont. Eastman Kodak and
a few others. responded to special de-
velopments. some of which appeared in
the news and some Of which. appar-
emily. were being kept under cover for
the moment.
Pool operations in some of the lead
ing stocks were very apparent Also
1t was quite obvious that there is still
little public interest in the market. That
decline such as has occurred since
the middle OF October. and Il is not
likely that the outside interest in the
general list of stocks will again assume
operations and pool buying have put
prices substantially higher than they
are at present.
Foreign news was of such a mixed
TO determine just what effect might be
expected marlSetwise The approaching
debt conference in this country Is likely
to be productive of some good results
pected to find some reflection In the
securities market. On the other hand
signs of further discord on the Conti-
nent in the consideration OF the repara-
serenity of the situation, nor to the con
fidence necessary to Improvement in
the market for stocks and bonds.
Aside from a fractional advance In
lively heavy offerings of bills had been
absorbed the foreign exchange market
was heavy. French. Italian, Belgian,
German and other European rates de-
clned substantially below Tuesdays
closing figures. 1t Is interesting to note
that the major portion OF the days de-
cline in foreign rates was recorded
abroad prior to the opening of the New
sational advances in sterling a short
time ago were nearly all accomplished
IN London in advance of the opening
here.
some new highs were made again. De-
cember wheat gained / "a cents over
Tuesdays final quotations and advances
in other months were proportionate.
Corn and oats were likewise very strong.
The cotton market was quite active in
the early hours and some new high
marks were recorded above 81 cents a
| pound.
The steel industry Is rounding out the
year in an exceedingly gratifying man.
ner The weekly reviews of the indus
try are very good to look upon when
consideration is given the facts they had
to chronicle a little more than a year
| ago.
| The Iron Age points out that much
! less than the usual holiday interruptions
to ordering" are found this holiday sea-
son and that leading manufacturers
are committed against production vel
through the first quarter of 1929" This
points to a very satisfactory condition
in industry generally during the opening
months OF next year. and II progress
can be made along lines necessary to a
continuation of the Improvement through
the entire year 1923 will prove to be one
whose prosperity the nation will never
forget.
The New York herald., 1922-12-28
Erie shop Conference.

A conference between the manage
ment of the Erie Railroad and repre-
sentatives of that roads shopmen is
scheduled for next week in this city.
The shopmen's suggestion for the pay
ment Of time and a half for overtime
will be considered. The attitude Of the
road is one of willingness to pay straight
time for eight hours on Sundays and
holidays with time and half after that
The men are expected to agree to the
change
The New York herald., 1922-12-28
MONEY pecomes rirmer.

The money market has felt the effect
Of the heavy Government Withdrawals
of $70,000.000 from banks here this
week. On Tuesday the Government
withdrew s30.000,000 from banks In this
district and on Friday It will take away
an additional $+0.o00.000. Call money.
which has been fairly tight ell week.
opened and renewed in the New York
Stock Exchange yesterday at 5 per cent.
and then advanced to 5it per cent.
Actual transactions In time money are
few and bankers are asking AZ per
cent for 30-day loans and ~ TO per
cent for 60 and 90 day loans
The New York herald., 1922-12-28
Ford In st. Paul.

According to information available
he-e yesterday arrangements have been
almost completed for the location Of a
unit of the Ford Motor Company on the
Mississippi River at st. Paul. The total
expenditures of approximately $40. .000.-
900 are planned on this unit. The plan
provides first for the moving the as
sembly plant now at Minneapolis to st.
Paul. with both the st. Paul and the
Omaha roads providing trackage into
Ford district.
The New York herald., 1922-12-28
TOPICS OF WALL STREET.
Reading Segregation Plan.

Presentation Of the modified segrega-
ton plan of the Reading is expected to
be delayed until early next month. The
plan Is believed to deal chiefly with
changes In the mortgage provisions as
ordered by the Supreme Court. with no
alteration in the situation surrounding
the preferred and common stocks. which
will share pro rata in the distribution
OF the coal property. Further hearings
are considered a possibility in the event
that the bond holders object to the modi-
fications, for the court has shown a dis
position to hear both sides Of the case
fully.
The New York herald., 1922-12-28
NEW YORK STOCK EXCHANGE QUOTATIONS
WEDNESDAY, DECEMBER 27. 1922.
Days sales

1929.
Days 1O7523o sl7sO4
Evening star., 1922-10-15
No "Ohlcial" Mail Box.

A reader Of The Star, In a letter
printed in yesterdays issue. calls at.
tent:on to the fac: that an enterpris-
ing young man Is making the rounds
Of houses in the District selling letter
boxes, with clever suggestion that
he represents the post Office. and that
the boxes he offers for sale are the
officially approved devices. These
boxes are retailed at prices much
higher than those at which satisfac.
tory mail receptacles can be purchased
at shops In this city.
OF course. the Post Ohice Depart
ment Is not marketing letter boxes.
nor has it put its stamp of approval
upon any particular make or style OF
box. Nobody has any authority to
vend mail receptacles as the official
boxes. and whoever does such a thing
is perpetrating a fraud upon the pub.
lie. 1t is up to the householder to buy
his own mail box. II he is mulcted in
excessive price by an enterprisin 6
salesman he has no one to blame but
himself. Still, any salesman who plays
a trick Of this kind is guilty Of false
pretenses and should be punished.
Evening star., 1922-10-15
Camp Good Will.

The announcement that the govern
ment Office Of public buildings and
grounds has ordered the summer out
ings committee of the Associated
Charities to remove Camp Good Will
from the site it has SO long occupied
in Rock Creek Park cannot but cause
regret. concern and resentment on the
part of the residents Of Washington.
The fact that the camp is being ousted
to make way for public golf course
does not tend to alter the popular re-
action. And when to this fact is added
the knowledge that it is proposed not
only to take away the present site Of
the camp, but TO require its absolute
removal from the park, earnest pro-
test must be raised.
Camp Good Will. which has since its
establishment in 1904 occupied Sc
cluded site in the park. performs dur
ing the summer months function of
striking usefulness and beauty. To it.
without distinction of race or creed.
are sent little white children OF the
a fortnight in the country, together
with their tired and overworked
mothers. Last year the total number
afforded the rest and GOODNESS and
peace Of the camp was about 500. OF
the value Of such a constructive work
of kindness as that performed by the
camp for the community as a whole
there can be no question.
The plan to require the removal of
the camp from the park should be
altered. If the construction of the new
golf course has progressed to such an
extent as to necessita:e such a pro-
cedure, another appropriate site with.
in the park can readily be found.
There are very few golfers who
would enjoy a round in the conscious
ness that their sport was provided at
the cost OF the happiness of sickly
child or its rundown mother. There
are few Washingtonians who can see
any justice in a scheme of things
which would provide a park camp
site for visiting automobile tourists
while closing the parks to the children
of Camp Good Will-Washington
children all.
Washingtonians paid one-half the
cost of creating Rock Creek Park and
contribute three-fifths of every dollar
spent in its upkeep. Their voices
should be heard in matters affecting
its use. And it may be stated with
assurance that those voices today are
raised, with emphasis and unanimity,
in assertion OF the fact that no f1ner
use for few acres of Rock Creek
Park could be found than in furnish
ing site for Camp Good Will, and in
urgent appeal that, assuming the ne
cessity of move at all, the camp be
moved with every governmental as
sistance to some other equally desira-
BILE location within the park limits.
Evening star., 1922-10-15

denly approaching motor. There wa
no footpath or sidewalk. and tho man
and boy were compelled to walk On
the side Of the road. where they were
not protected in any degree from the
traffic. When this case occurred at.
tention was called to the need Of path.
ways alongside of all roads in the
District, but nothing has been done,
though the need is obvious and the
danger is great. This case Is but one
Of a number of similar tragedies.
In the city. where sidewalks are es.
tablished, there is danger enough. But
the rapidly developing suburbs are be-
coming as seriously menaced by the
traffic. Conduit road has in the last
four or five years been thickly built
up, in an almost continuous stretch Of
dwellings to the District line. and yet
there is no provision for foot traffic
save in the highway itself. This is q
government road, controlled exclu-
sivcly by the United States. The gov.
ernment owes an obligation in this
case assuredly to make the road Sc
cure as long as it has become virtually
a city street.
Evening star., 1922-10-15

solidly constructed OF concrete, diff
fering widely from the other tempo
rary" wartime buildings located both
inside and outside of the parks. But
it cannot be believed that 1t Is the pur
pose Of Congress to retain them in
definitely, however much they cost
and whatever the cost by reproduc.
tion in permanent form elsewhere.
Purchase Of the ground north of the
park definitely continues the move.
ment for public building emplacement
in the area west of the State. War
question the future of the area be-
tween the Mall and Pennsylvania ave-
nue., which for many years has been
considered as an appropriate place for
public buildings. AT present only two
blocks of the Mall-Avenue triangle are
occupied by public building struc-
lures. the Post Office Department and
the District building, while five
squares have for some years been
owned by the government. at the
western emu, ana Will uouptieSS uc
utilized as sites for two department
buildings But for the remainder of
the area, save perhaps section for a
hall Of records or archives building.
there is now no definite plan.
Yet it must be assumed that Con-
gress will some time provide for tho
rehabilitation Of Pennsylvania avenue
by the inclusion Of the entire Mall
Avenue triangle within the reserva-
ton system, for certain classes Of
buildings of public character. set
perhaps with disregard for street lines
and in conformity with the develop.
ment of the Mall. The lack Of a
definite public building program spe-
officially adopted and guiding all works
Of this character Is sorely felt in the
present situation. when as result of
the chance emplacement OF wartime
buildings on cheap lands hastily taken
in an emergency. the trend OF per-
manent building emplacement is
thrown far to the west Of the city's
center and away from the area so
clearly appropriate for this purpose.
Evening star., 1922-10-15
Public Building Locations.

Senator Smoot's letter to the Public
Utilities Commission of the District,
written as chairman of the Public
Buildings Commission. urges an in
crease of transportation facilities for
" the section bounded by Pennsylvania
avenue on the north and 18th street
: on the east, because Of the immediate.
ly prospective increase in the number
of government employees who will be
at work within that area. Already
more than 10000 people are engaged
e there daily in the public service. The
government has bought. or will soon
buy. sites north of the park on which
temporary buildings now stand. and
which will be used for the placement
Of permanent structures. Naturally it
is expected, though not expressed In
!, the senator's letter, that ultimately.
and perhaps soon, the temporary
buildings within the park area will be
replaced by permanent buildings out.
side of the reservation boundaries and
doubtless In the same neighborhood.
-, Some assurance should be given as
quickly as possible on the score of
these buildings in Potomac Park.
They are an obtrusion upon the reser-
walton, and they mar the approaches
to the Lincoln Memorial, which is
completely obscured by them from
view for a considerable distance on
18th and on G street. Though onicial-
" known as temporary" they are
Evening star., 1922-10-15
Poiticsa at Home
Mr.. 1evefidN.

This is taken from a special to The
Star from Indianapolis describing the
campaign In Indiana:
Mr.. Beveridge has had two impress
sions to down-one that he Is chiefly
an orator and not an effective thinker
In governmental affairs and the other
that he has radical ideas. His man
ayers have been making some prog
ross In clearing UP the minds Of the
eridge's attack on La Toilette, to-
gether with his journey to Ohio to
open the campaign at the request Of
the President. has had a cheering ef-
feet on republicans. who evidently
have come to the conclusion that the
altra-progressive or radical vote will
not control the situation In Indiana At
the coming election.
The orator and the humorist pay a
penalty for their gifts. In their public
appearances they are expected always
to be In character. The orator must
spread his wings whenever opportu-
nifty presents itself. or some Of his
hearers are disappointed The humor-
list must humor whenever he rises be.
fore an audience, or ne is supposed
to be out of humor and sighting the
occasion.
AS a matter Of fact. both an orator
and l1umorist may have. and often
do have. serious and everyday moods,
and when in them address themselves
to practical subjects in practical and
effective fashion. A highhyer may
keep his feet on the ground, or a
humorist keep his face straight and
his jocularity out of action, as he may
decide is most serviceable to the par
ticular business In hand
In the case Of Mr.. Beveridge, he
has shown conclusively that he is
both orator and thinker. His oratory
rich when he is in the moods in
formed by study and reflection. He
flies high whenever a spread Of wing
is in order. but never as a mere wing
exercise. He flies at an object and
usually reaches it.
In his present race Mr. Beveridge is
assisted by the record. In his twelve
years in the Senate he sponsored a
number OF measures OF practical and
substantial value: and the present ap-
peal for him is based on the promise
that if elected he will bring to bear
in that chamber the same informed
intelligence and the same felicity Of
service there.
Evening star., 1922-10-15
Walking in the Road.

Testimony at the inquest upon the
killing Of a boy on Conduit road by a
motor car discloses the fact that the
lad was riding his bicycle past a group
of schoolmates, who were walking on
the side Of the road when. swerving
out too far, he ran into the course of
the machine and was hit. The cor
oner's jury declared the death to have
been due to accident with no blame to
the driver Of the car.
This case brings forward again the
fact that persons using the roads in
the District afoot are, with very few
exceptions, compelled to walk upon
the highways themselves. There are
no sidewalks and very few footpaths.
Thus all pedestrians on these roads,
which are as much for the conven-
fence of walkers as for persons in
vehicles, are forced into positions of
danger.
A few years ago boy was killed
one night on one Of the suburban
roads while walking with his father,
being run down from behind BY = sud
Evening star., 1922-10-15
Mr.. Borah.

Mr.. Borah was expected to be frank
with his constituents, and he has
reached home and taken the stump in
that mood. This is from his first
speech:
After sixteen years representation
Of the people Of this state. 1 intend to
say precisely what i think ought to
be said. and I hope it will be for the
republican party, but I want it right
The next two years are mine. Only
God Almighty can take them away
from me, and shall say what think.
do what I believe right, regardless OF
the political effect upon myself or any
others.
The next two years will be packed
with matters Of great political i'm
portance. Beginning the day after the
November elections. and regardless OF
how they may result, both parties will
gird for the next quadrennial contest
and push for goal with all their might
The Nelson signal Will be flying
from the staff in both camps. Every
man will be expected to do his duty.
Today, Mr.. Borah is republican.
and confesses that he wants to remain
one. 1t will be his privilege and his
duty as a republican to offer advice to
his party on all subjects as they come
up. He has been doing this right
along, and by his course achieved in
ternational distinction. Some Of his
advice has been taken. some rejected.
Upon the whole, he has no reason to
complain Of a want OF consideration
on his party's part.
Will he be in line in 1924? Shall we
see him emerge from the encounters
Of the next sixteen months still a re-
publican. a member of the next repub.
lican national convention, and after
that supporter Of the conventions
nominees?
Mr.. Borah's republicanism has been
Of the stanchest variety. 1t stood the
severe test Of 1912. when the aggres.
sive leadership Of Theodore Roosevelt
caused many republicans to jump the
reservation. It stood the test of 1916
and that OF 1920. when the west was
defeated in its desire to name the can
didate and write the Platform. Can it.
and will it, stand fourth test?