davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-10-15
Cabinet as vice-Presidents.

II want to say something here about
the Cabinet. They have dual capacity
They are the advisers of the President
in regard to national policy. They are
entitled to be dignified, they are ell
titled to give independent advice, but
IN the organization. the business ns
Eanization of Government they are
nothing but the routine ce-presdential
managers of business, that is all, and
they must take their place, and under
this Administration they have taken
their place as subordinate. administra-
tive vice-presidents of a corporation.
Now I call your attention to this
fact about the budget The budget had
nothing to do with expenditures for this
fiscal year, nothing whatever.
''rrhe Budget law was supposed to be
concerned with the expenditures for 1923
went into that office l told the Presi-
dent IL there was anything in the Ex-
ecutive pressure and anything in this
principle of having the Government run
as a business organization would run,
that we could just as well make the re-
auctions on the expenditures already APP
propriated for as we could to get re-
duction in the estimates for the ex-
penditures for last year: and / said: IF
we are going to do that we have got
TO proceed just exactly as we would in
a business organization and call the
business organization togethe ras a
whole and announce the policy" HI
said, Go to It,"
New-York tribune., 1922-12-12
Movement in
Stock Prices
Is Irregular
Securities of Both Railroad
and Industrial Companies
Average Slightly Lower
at Close of the Session

Fluctuations In security prices yes
terday were ineonelusivs In results and
reflected primarily temporary shifts by
professional speeulators. On the
average, both railroad and industrial
shares closed shade lower. after an
other session Of marked irregulsrity.
The speculative markets moved with
little relation to the news. although
the conference Of premisrs In London.
which came 20 n halt. vas a subject Of
discussion in the district. About forty
minutes before the market closed II
became known that unwillingnsss Of
the British to agree to French exertion
Of force in the Ruhr Valley had
brought n deadlock and postpcnement
Of further conferences until January 2.
This news tended to check the rise In
sterling exchange. which previously
during the day had risen 70 the high
est quotations In three and one-half
years. The news Of the break caused
moderate reactions In francs and lire.
In the cotton market thers was 4
tendency 70 even up accounts In antiei-
patton Of the crop report Of the De-
partment Of Agriculture, which will be
made public to-day. The general sx-
peetstion Of q short crop will be fur
Their eorroborated in the government
statement, It Is believed around the
ring, whore predictions as TO the crop
varied between 100000 and 100000
bales.
Under the stimulus Of the strength
Of the foreign exchanges, and par
ticuisrly ths hrmnsss Of Liverpool QUO
tatlons In the commodity. wheat priesi
early yesterday climbed 10 e now high
price for the season. Expectation Of
favorabls legislation for the American
farmers. particularly in respect q
credits, also has been exciting th'
Imagination Of wheat traders, whit
later In the day began TO take profits
Final quotations were irregular. vary
ing between a gain Of cent and th'
loss Of a eent a bushsl.
Bond prices were steady, With trad
ing in Liberties slightly more active.
New-York tribune., 1922-12-12
Victory Note Redemption

In spite Of every effort on the part
OF the Federal Reserve Bank the innux
Of called Victory notes ct that institu-
tion for payment on December 10 has
not yet reached more than tenuous
proportions, II was officially stated yes
terday. The total amount Of these
notes 20 be paid throughout the country
Is 500, 100000, and Of this aggregate
probably a third are held In this dis
triet or should find their way 20 the
local bank for redemption. Most OF
the large holdings. however, have been
converted into other securities IN re-
sponse 70 earlier offers By the Treas
ury and as a consequence the notes
outstanding are very widely distributed
and II Is not tho easiest task In the
world 70 reach all holders. A small
amount Of the issue probably never
will turn up for payment, being lost,
destroyed by FIRE, or for other reasons
But aside from this fractional pereen-
tage the notes should be available for
presentation for redemption and, as IN
terest ceases on December IS on notes
lettered A, B, c, d, = and F, Il is 20
the advantage Of holders to cash them
on this date.
New-York tribune., 1922-12-12
Bum. prothsr. capItaI RsaaIu.tr.sn
Sterling at New Top

News that the premlers' conference
AZ London had reached a deadlock and
adjourned to January 2 at Paris failed
yestarday afternoon 70 impair the
strength Of sterling, which earlier In
the day had attained a fresh peak at
s4b9M, 2 cents above the former high,
and proved only slightly disturbing 20
francs and lire. The bidding for ster-
ling was associated with the financial
strength Of Great Britain implied IN
her reported Willingness 70 cancel the
French obligation. The close was
s4.5sH. Sentiment regarding a settle
ment OF Europe's problems was more
optimistic throughout the session than
many thought warranted on the basis
OF new adyiees.
New-York tribune., 1922-12-12
Money and Credit

The renewal rate for call money
yesterday, Az per cent, was the lowest
established since November 20: The
explanation Of the easier conditions
than have recently existed lay In the
concentration Of funds here for the
government payments later In the
week. The rate was advanced during
the afternoon to ~ per cent. Time
funds were unchanged as 20 rate, with
bidders Offering ~ per cent, and the
banks generally holding at 8 per cent.
YeBter- Year
New-York tribune., 1922-12-12
What's Behind
ActiUe Stocks ?
l73-American International

l/O-fAinCIlCdl ihtCiiiobiOioA
The American international Cor
poration was incorporated late in
i9i5 20 engage In the development
OF export and import trade, the en-
ployment Of American capital In the
construction Of foreign enterprises
and in general the encouragement
Of American business In foreign
fields. The corporations principal
essets are the securities Of other
companies, valued IN the last bal
anee sheet at t29,316,00o. Al the
beginning Of 1922 II owned 100000
shares Of cormon stock and 1000
shares Of preferred Of the Inter
national Mercantile Marine, about
one-third Of the stock Of tho Pacific
Mail Steamship, 1894 shares Of
New York Shipbuilding, 1880
shares Of United States Rubber
common, s9,744 shares OF Simms
Petroleum and the stocks and bonds
OF ten other corporations. Invest
ments Of subsidiary corporations Of
a miscellaneous nature were carried
on the books at S1.296.7i7. In addi-
tion II owned all the stock Of the
Allied Machinery Company, Amsink
4 Co, Carter, Macy 3 Co., Rosin
and Turpentine Export Company, In
ternational Steel Corporation and
Balsa Refrigerator Corporation. In
the last balance sheet cash and
United States certificates totaled
S6,bSl.000 and current assets ex-
ceeded current liabilities BY S20,-
$4,000. The net tangible assets APP
plieable 10 the common stock
amounted 70 s42,43s,000, or $3.50
A share. Net earnings for the seven
years ending with 1921 averaged
l.69 per cent a year on the $780,
100000 common and preferred stock.
The corporation has no funded debt
There are outstanding 81 00000 Of
preferred and S40,000.000 common
stock. Both stocks are entitled 70
the same dividend until 7 per cent
shall have been paid on each during
anv one year. Thereafter the pro.
ferred IL entitled to one-hfth and
the common 10 four-hfths OF any
additional disbursements. No divi-
dends have been paid since Septem-
ker, 1920. Both stocks received $3.50
In 1870. f460 In 1913, 1880 IN 1913,
s3.t5 In 1917 and rs cents In 1919.
The common 1eeame fully paid up
on October 10, 1919. Range Of com.
mon since that date: High, ig2k
| in 1919; low, 2lh In 1915 yester-
days close, 29h.
New-York tribune., 1922-12-12
Cash Flowing Into Liberty BONDS

Investment houses report the sale Oh
a substantial volume OF called Victory
notes, which many Of them are now
prepared 70 receive az par and accrued
interest, and the reinvestment OF the
proceeds IN the various Liberty loan
issues. The government Friday pays
out on maturlties and in interest al
most $1,000, 900 900 and 20 Offset this
is Offering only about S700,000,000 new
securities. A fair proportion Of the
difference Is expected 70 flow into LAD
erty bonds and the start OF the move
ment explains their recent appreela-
ton.
New-York tribune., 1922-12-12
Fnr.Irn Lonna under pIseussIon

Add to the list Of foreign loans rank
ing as possible hotatlons In this mar
ket over the next few months q Dutch
government bond issue and a Toxic
Electric Company issue OF SSQ, 0,oOO.
Fiscal agents for tho Netherlands In
this country are without information
as 10 Dutch loan prospects, but ad-
vices from abroad have hinted a large
refunding operation, while agents OF
the japanese company have been IN
contact with several banking houses
here with reference 10 borrowing.
New-York tribune., 1922-12-12
New York Metal Market

Tin was quIet, but steady, With
Straits quoted at 37l2hGS775ci
Straits shipments, 1880 37.75ei stand
ard, s6.75e, and 80 per cent asked. Cop.
per firm; standard spot, December and
January. 19.37h@1375c, and electro
lytic spot, December and January,
is.75Gf4.25c. Lead steady New York
spot. 7.2bG7.b0c and East 81. Louis
spot, 6.s0G6.o5c Zinc steady; New
York spot, 760c, and East St. Louis
spot, 7.20@7.S6c.
New-York tribune., 1922-12-12
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings
0IVOn0
Dav Yea,
January Ito Date

tCopyrighL 1871, New rork tribune Incl
New-York tribune., 1922-12-12
THE AMERICAS
rordou Metal Market
sNouninal

LONDON, Dee. ii.-Stsndnrd e0gRsl'
s,os ssa ibs: futures, Ee5 70 Cd; Elee-
troIytic, spot, ESQ 1885, futures future ~ s.vi
spot. f2e; futures, SIS ssi Zlns' SPOT
f2S Sc; futures, fSb.
New-York tribune., 1922-12-12
TbeDoIlarin FOREIGN Exchange

Sterling's continued rise to new high
levels for more thar. three years over
shadowed other exchange dealings IN
Yesterdays steady market. Demand
Continued for bills on London above
s4.59 for cables. Changes in other parts
Of the list were irregular.
New-York tribune., 1922-12-12

Bank CIearinEs-Bank elearings at
New York yesterday were: Exchanges,
S3eb, ,OoO, 900; balances, $66,ooo,ooO.
silver-London, 81 1S-ledl New York,
dornestic bar, 9oKe; foreign, 6Aac;
Mexican dollars, temc.
New-York tribune., 1922-12-12
In Wall Street
Expect Com Products Extra

Common stoek holders Of the Corn
Products Refining Company viii be in
line for a substantial extra cash divi-
dsnd when directors meet on Decem-
ber 20, according 10 reports In the
financial district yesterday. Il was
said that In all probability the extra
would amount 10 50 a share. while the
regular rate would be increased 10 81
a year By eliminating the policy Of de.
clafing 81 regular and 81 extra. Not
20 long ago Il was believed Corn Prod
uets directors would compensate
shareholders with a stock dividend, but
little has been heard along that line OF
late. In the nine months ended Sep
tember 30 the company earned tlo.b4 .
share on the common, after taxes and
preferred dividends. Earnings for the
full year are expected 10 aggregate
between Sil and $40 share.
Burns Brothers Capital RsadjustHsent
Directors Of Burns Brothers AZ their
meeting scheduled for to-day are eN-
peeted 10 consider a recspitalization
plan drawn up By the special commit
tee appointed az the November meet
ing. Il Is understood that the plan
calls for the declaration OF stock
dividend and retirement out Of the two
preferred stock issues, the latter 10 be
replaced BY the present Class A com
mon. This would leave the Glass j
shares the only outstanding common
stock. The preferred Is callablo at ii0
and Is now selling at i0b.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-08-02

to create a political machine with the
view and for the purpose of under
mining, disrupting and destroying
the democratic party.
"It is generally believed that pol
itics is rotten, and I am sorry to adj
nit there are some grounds for such
opinions, particularly as to republi-
can administrations, and it is incum-
bent upon me and all other citizens
who care for the maintenance and
perpetuation Of good government to
expose and obliterate all fraud and
corrupt practices in u power. No
man shall have a government COM
mission, with the approval-conflr-
nation of the senate, to plumber our
people, if it is in my power to pre-
vent it. Loving my state as l do, and
feeling the pride of it's reputation
that I have always felt, I will not
stand for the nomination n min
ute.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-08-02
The Town of North.

This enterprising little city of some
800 inhabitants is situated about 80
miles south of Columbia on the main
line of the Seaboard between Colum-
bia and Savannah, about five miles
from the Lexington Orangeburg line.
While of course North, like every
other town in the country, it matters
not where the location be-, bears
scars of the wars aftermath, yet
there are evidences on every hand
that the town is wide-awake and pro-
gressive. It's strong banks, two in
number-its modern places of bust
ness-its handsome residences, some
representing an outlay of $4,000
it's large, modernly appointed brick
churches, one Baptist and the other
Methodist, both costing upwards of
$40, 0OO-its modern brick school
building, the capacity of which is
now in process of being doubled,
costing also above $4,000 all
these and other things indicate I'M
mistakably that it is a community of
wealth and enterprise.
But that which most commends
North to the visitor is not found in
structures of steel, brick and mortar,
nor in it's other evidences of mate
rial success and progress, rather that
which impresses n most on visiting
the town is it's strong, sturdy,loyal,
enterprising citizenship. After all, the
men and women make a town, and
we are constrained to believe that a
majority of North's citizenship is
composed of high-minded, right
thinking men and women. In "The
Deserted Village" Goldsmith said:
"Ill fares the land, to fastening
ills a prey,
Where wealth accumulates and
men decay"
It is evident that in their fat years
when money was easily accumulated
the good people of North did not let
their manhood and womanhood de-
cay. Placing the proper estimate up.
on things, they did not neglect the
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-08-02

ator E, B. Friday arose, and to the
surprise of the generous and widely
beloved host, presented him, on be-
half of the citizens of North, with a
handsome Morris chair of the de luxe
type as an expression of their high
regard for him. This surprise COM
pletely took Mr.. Glover off his feet
and it was evident that in more ways
than one, certainly for the moment,
he was too full for utterance. Not
withstanding his CONSERVATION, he
acknowledged the thoughtful act of
his friends in a very beautiful man
ner. Out of the fullness of his heart
his lips feelingly expressed his graft
tude.
Immediately following this touch
ing incident, DR.. Davis, in the capac-
ity of postmaster, announced that a
little program had been provided by
way of intellectual feast. The follow
ing toasts were responded to in a
highly creditable manner in the or
der named: "Our Guests, Mr.. A. A.
Glover; "Our Host, Mr.. j. L. Minis;
"Our Nation, Rev. Mr.. Simpson,
pastor of the Baptist church; "0ur
State, Hon. M. P. Wells; "Our
County, Hon. E. B. Friday; "our
town., Nh. W. A. johnson, and "Our
Churches" Rev. j. j. Stevenson, pas
tor of the Methodist church. Just be-
fore the last toast was reached, the
writer, greatly to his regret, had to
leave hastily in order to catch a
Seaboard train for Co
lumbia and was deprived of the
pleasure of hearing the last speeches.
Having made such a favorable i'm
preston through the manner in
which he served the fatted calf and
other good things, Mr.. Edmunds,
though not on the formal program,
neat cards of the toasts having been
printed and n placed beside each
plate, was called upon for a speech,
and we have been told that he
the house down." Several
gentlemen remarked to us, after eat
ing the Edmunds hash, that they
wanted to keep him over there, ex-
pressing themselves as needing such
a good cook. We told them that we
need him to build our roads and to
build up the waste places in our
county's finances, and for that reas-
would have to bring him back
with us.
This brought to a close an occa-
sion that had been faultlessly plan
ned and one which afforded much
real joy and pleasure to such a large
number of people. Mr.. Glover's
wished him many 10 happy
and useful years and also expressed
the hope that as each succeeding mile
post along the highway of life was
reached he would thus again and a
gain honor his friends far and near.
When Mr.. Glover left us he had
daughters, Kathleen and Evelyn,
who have grown into young woman
hood. In fact, Kathleen is now mar
ried and has her own home, having
married Mr.. Livington, an excellent
of North. who is a brother of
her step mother, and who Mr.. Glover
introduced as his brother-in-law and
son-in-law. Evelyn was visiting her
aunt, Mrs. Carrie Forrest of Saluda
county, when we were in their home.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-08-02
Cheap Money For Farmers.

The Edgefield National Farm
Loan Association has $4,000 to lend
to farmers at five and m half per
cent, for The Federal Land Bank of
Columbia.
Applicant may file application not
later than Sept. LIST. next, for this al
lotment.
B. E. Zimmerman,
Secretary-Treasurer.
Farm Loan Association,
Edgefield, S. G..
S-2-st.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-08-02

elapsed before either one knew
where the other lived.
Although there is much Of interest
that could yet be written, this story
of our visit to North and Orange
burg county must close.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-08-02
rhe Best Hot Weather TonIc

GRoyE,srAsrEEEs chill TONIC eariches the
blood, builds up the whole system and viii: won.
derfully, ~strenet-en and fortify you to withstand
the depressing effect Of the hot summer. SOC.
Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-08-02

county has such a prestige, agricul-
turally.
A Rare and Very Choice Spirit.
On this hurried trip a-wheel, at
the suggestion of Mr.. Livingston, we
made a brief stop at the home of DR..
Ben H. Knots, a kinsman of Mr..
Barnwell Jones. This venerable gen.
tleman, a connecting link between
the present and the good old days of
long ago, is now in his 86th year,
yet his mind is surprisingly clear and
active. He always welcomes visitors
and delights in relating interesting
"reminiscences of the past, very re-
mote past. He spoke of having witt
messed punishment meted out to
criminals at the whipping post at
Lexington court house and marveled
at the wonderful strides that have
been. made in the lives of three peo-
pie, his grandfather, his mother and
himself. His grandfather, jeremiah
Jones, fought under Francis Mar
ion in the Revolution. To illus
trate how slow travel was and how
limited, were the means of commun-
ication among the early settlers of
this country, DR.. Knots said his
grandfather and his brother came to
settle in that section Of South Caro-
lima, then probably one of the Amer
lean colonies, each locating without
knowing at the time just where the
other had located and although they
were only rs miles apart 20 years
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-03-21
Eye Troublea Try
Canphor & Hydrastis

For most eye trouble there Is
nothing better than simple camphor,
hydrastis, witchhaxel, etc., ~ mixed
in Lavoptik eye wash. One business
man says it relieves aching eyes and
improves sight. Another case Of
red, watery eyes reports that La
voptik has helped wonderfully. One
small bottle usually relieves ANY
CASE weak, strained or sore eyes.
Aluminium eye cup FREE. Eagle
Drug Co., Inc. Adv.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-03-21

the better feeling Of nations and on
the worldwide desire that our chill
dren may be spared from the hor-
rors which were poured out upon
US in the war with Germany. That
is the second result Of the confer
ence. Now as to the third.
The United States refused abso-
lutely to accept the proposition in
regard to Shantung in the treaty Of
Versailles and believed then, and
believes now, that that province
should be controlled by China, Of
which 1t was always = part. But of
the other eight powers at the table
in Washington six had ratified the
treaty Of Versailles and had ac-
cepted that clause relating to Shan
tung. Therefore, the only way to
get that wrong undone was to bring
about negotiations between Japan
and China directly.
This was effected by the good
Offices Of the United States, repre-
scented by Mr.. Hughes, and Of Great
Britain, represented by Mr.. Balfour.
The result has been that Shantung
goes back to China practically un-
burdened. The only hold retained
by Japan il q traffic manager on
the railroad, appointed by and under
Chinese director. China Is to
buy the railroad with her own
treasury notes. The notes are to
run for IL years and in FIVE years
they can be redeemed. In the
meantime, within six months, Japa-
nese troops will all be withdrawn
from Shantung and China will have
her oldest and most sacred province
once more within her own hands.
England announced on the conclu-
sion of this treaty that she would re-
turn to China the port of Wei Hal
Wei, which was held under lease,
and that viii clear the province
entirely from any foreign hold.
In addition to that we signed q
treaty negotiated by the nine
powers, agreeing to respect the
administrative, territorial and politi-
cal integrity Of China. There are
clauses in it providing also fol
neutrality and for the open door, 81
most beneficial to the Chinese EN-
pire, ~ are q number Of Other
declarations to foreign postoffices,
foreign troops, and matters Of that
character, which now hamper and
shackle China in her effort to estab
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-03-21

lish herself again, regain peace and
secure her independence.
Due to Wisdom Of Harding
think this il . great work. Il
viii help to relieve the burden Of
taxation and in my opinion, to pro-
mote the peace Of the world. And
we all owe this to the wisdom of
President Harding in summoning
that conference. When they say
that the Republican party has done
nothing, after you have reviewed
what Congress has accomplished,
call attention to this conference
where more has been done in IL
weeks for the worlds peace than
has been done anywhere else in
twice as many years.
These are questions which arise
above the region Of politics, but the
fact remains that 1t was under q
Republican President that steps
have been taken under which q
thoroughly American policy has
been carried out in the conference
at Washington, by q delegation
representing both political parties,
with . success which 10 reconized
by the entire world.
Such in mere outline Is the work
Of the first Republican year.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-03-21

Twenty-Five days Of horse rae
ing with 400 Of the best horses in
the west participating, will start on
the Reno track on June 10.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-03-21
PROBABLY WILL CALL
ON OUTSIDE JUDGE

It Il probably the Judge Callahan
Of the sixth district with Offices at
Winnemucca, win BIO called upon
by Judge Taber to hear the removal
cases Of Guy Hardin and George
Cotant when they come up for
trial. There will be an appearance
in court on Monday Of some sort,
but the extent Of what will happen
on that date is not known. Judge
Taber will hear the indictment pro-
ceedings against Hardin, 1t is UNDER
stood.-Elko Independent.
Eaxaou Ctr Moraaa lan OLA IA 10
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-03-21

Carson City-Nevada has 9l4,749
sheep valued $6,768,275.