davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-07-28
MONEY MARKET.

THURSDAY, July 81.
Renewals. ......... 3hlLast .............
High. .......,....3 3KlYear's high. ...... 9
Low.............-. Years low. ....... 2N
TIME LOANS.
Mixed coiIaterals, 60 to 90 days 49,. skW4
Mixed collaterals. to months. 014K
Industrials, 60 to 90 days. 3N6D4
1ndustrials, to months. ......... @4h
COMMERCIAL PAPER.
Best names. 4 to 6 months. .......4
Other names, to months. ...... A d74A
DISCOUNT RATE. RESERVE BANK.
Commercial paper, f15 days. A; 90 to 90
days, 4; Liberty bonds and Victory notes Is
days, a: 16 to 90 days. 4 bankers accept
ances, 10 to 90 days, 4.
'Fixed June II. Previous rate. Az. fixed
November 2. 1921.
OPEN MARKET RATE.
Call loans and acceptances.. .......... 3o
DISCOUNT rates on prime bankers accept
ances Aeligible for purchase by Federal Re-
Bid. Ask. Bid. Ask.
60 60 ds..... days..... 3% I1So days. days. az
CLEARING HOUSE STATEMENT.
Clearing House exchanges. $647. 500 900:
balances, $45, 600, 900.
SILVER MARKET.
Official bar silver IN New York, domestic,
G9%c., unchanged; foreign, 69%c, unchanged;
London. SS%d.. up Nd; Mexican dollars.
Range of silver prices this year:
Highest. I,owest
London ...... 37skd., May % 32Nd.. FEB. %
New York;. 73Hc.. May % 52%c.. Feb. %
The New York herald., 1922-07-28
UNITED STATES TREASURY STATEMENT.

s,s4ar Dispatch 10 TINS YorKIr
New YokHcra Bureau.
D. C.
The New York herald., 1922-07-28

az az close Of business July Is.
The New York herald., 1922-07-28
OPEN MARKET RATE.
CLEARING HOUSE sTATEMEN

Clearing House exchanges. $647. 500 900:
balances, $65. 900. 900: Federal Reserve credit
balances, $45, 900, 900.
The New York herald., 1922-07-28
N. Y. RESERVE STATEMENT.
RESOURCES.

RESOURCES
July 26. 1922. July 10. 1922
Gold and gold GER
tificates ....... s2oe. .7e4.ois s2o7 .27s. 900
G Il settlement
fund-Fed Res.
Board ......... 92p9G937 b347o oon
The New York herald., 1922-07-28

dsoursenens reaching
The New York herald., 1922-07-28
OsIMERCIAL PAPER
DISCOUNT RATE. RESERVE BANK.

Best names. 4 to 6 months. .........
Other names, to 9 months. .... d74A
The New York herald., 1922-07-28
TIME LOANS.

Mixed collaterals. 60 to 90 days. -. sk@4
Mixed collaterals, to MONTHS. "a
Industrials, 60 to 90 days. 3%94
Industrials, A to months. ......... "a
Evening star., 1922-03-19
NEWFOUNDLAND is OLDEST
OF ALL BRITISH COLONIES
Pride in This Seniority Among the Lions
Cubs Probably Permanent Bar to
Union With Canada.

Renewed discussion by the neigh
bors Of the United States to the north
Of the desirability Of Newfoundland's
becoming a part of the Dominion Of
Canada raises a point upon which
probably many Americans are hazy-
that there are two distinct British
realms. not one. in the portion Of
North America above the Canadian
border. Newfoundland and its rela-
tions to Canada are brought out in
the following bulletin from the
Washington headquarters OF the Ma
:ional Geographic Society.
Sentiment plays its part in history
and historic geography" says the
bulletin, land the fact that New
foundland has insisted on standing
alone while all the other British pos
sessions Of North America have united
to form the Dominion of Canada is
probably partly due to the pride that
Newfoundlanders have always had in
being able to boast that theirs is the
senior British colony'-the first Of the
children of the motherland to make
its home beyond the seas.
Dates Back to 18th Century.
Newfoundland had it's settlements
as early as the seventeenth century
and was full-fedged British colony
Evening star., 1922-03-19

rolling. tinbered interior. Along a
number of the streams are fertile val
leys in which agriculture and stock
raising flourish.
400 Years OF Fishing.
'Tn late years mining, stock-raisins,
the manufacture of wOod-pulp and
newsprint paper and a number of
other industries have been developed
in Newfoundland. but throughout its
central story Of the island might be
told in one word-fish. Boston and
Massachusetts, have felt deeply in
debted to their sacred cod.' but, after
all, that important creature came
from the Newfoundland banks; and
England, 1t has, meant much more to
Newfoundland and through New
foundland to Great Britain.
"A good case even could be made
for the cod rs claimant for q place
on the British coat-of-arms, for that
ton Of the worldwide British en-
pire. Before the discovery Of New
foundland Britishers were Of little
Importance as seafarers. The great
wealth Of Goldfish which John Cabot's
finding Of tho island disclosed imme-
diately drew tho men Of tho British
Isles out Of their insularity.
-149S-a feet Of Devon fishermen
crossed the Atlantic and returned
laden with fish, and from that time on
for centuries the annual crossing and
recrossing OF the Atlantic took place
The British kings looked upon the
voyages of thousands Of mon to and
from Newfoundland as the best kind
Of training for seamen, and delib-
erately discouraged the settlement of
the island in order to perpetuate the
fishing from q British base. Great
Britain quickly became a seafaring
nation; the navy grew. and with its
growth the British empire spread
around the world.
Lfkened to Canada.
"The Newfoundland Of today has a
government in general somewhat
like that Of Canada. It Is not a
crown colony, but a self-governing.
responsible colony with a governor
general appointed by the British
king, a premier and a parliament of
two houses.
'Its educational system Is unique.
Neither the central government nor
political divisions maintain public
schools. Instead, religious denomina-
tions have charge Of schools In pro-
portion to their membership. and
funds are furnished to these schools
by the government. Practically the
only unifying activities Of the gov
ernment are in the laying out of stud
les and in the giving Of examinations
at stated periods"
Evening star., 1922-03-19

with governor when Canada was
New France, South Africa was in the
hands of the Dutch, and not a single
white settler had landed in Australia
Newfoundland has geographical
position Of great Importance, for 1t
largely blocks the broad gulf into
which tho st. Lawrence river widens.
and which forms Canada's front door,
from Europe. Moreover, Newfound-
land is the closest part Of North
America to the British Isles, being
only 1,640 miles from Ireland. It is
natural that the first transatlantic
cable should have been laid to the
shores of Newfoundland in 1858 and
that out of seventeen cables now
crossing the north Atlantic eleven
first touch American soil either on
Newfoundland or its neighboring
islets. And when in 1919 aeroplanes
finally conquered the Atlantic it was
from Newfoundland that both the
American and the British machines
took off.
newfoundland has an area of more
than $4,000 square miles and Is there
fore practically half the size Of Great
Britain. Excepting only Cuba, which
barely exceeds it in size. it is the
largest island of the western hemi-
sphere outside polar waters. With its
cliffs of brown stone rising 200 to 800
feet, broken here and there by deep
fjords and bays. Newfoundland has a
bleak and barren appearance which
bellies conditions in many parts Of the
Evening star., 1922-03-19
Urges Housing Inquiry Caution

most fertile field for digging pitfalls
for the unwary. Suggestions are
being presented to the public in vocal
utterances and press articles on this
into law would bring to pass a state
so chaotic and destructive of prop
erty rights that only repeal could
correct. Some of these suggestions
are nothing moro or less than single
tax" ideas dressed up in seductive
and Offering sop to the prospective
home builder by an ingenious Offer
ing Of relief from the burden Of tax
alton Iulling them to sleep, as it
were, to the effect Of a fundamentally
false principle.
The owners of unimproved land are
bsfng held up to the public as '1and
hogs and enemies to the public well
fare. Now. how much of this is true?
There are several ways that men be-
come possessed of landry purchase,
gift and inheritance-and the rea-
sons for holding in an unimproved
state are various. 1t may be safely
stated that there be few of the
genus land hog" whom we interpret
as being an owner of unimproved land
who sits back in complacency and re-
fuses to sell or improve. though he
may be well able to do SO. and who
deliberately blocks the growth and
development of the section in which
his land may lie, in the hope Of re-
ceiving an unearned increment in
value by reason of the activity and
progressiveness of his feilow-citizens
There never was more fallacious
theory than that which reasons that
by placing high tax upon land. owners
would be compelled to build thereon
and every one would soon be well
housed and happy. One does not have
to so very deeply into the subject to
pluck this bubble of false optimism.
No city was ever made to grow and de-
velop by the majesty of the law rising
up in the midst Of undeveloped territory
and saying to the owners thereof, rThou
shalt build or thy land shall be taken
the single-tax idea means. Develop
ment can only be had where the under
lying principles are sound. There must
first be the demand; second, the avail
ability Of funds. and a reasonable ex-
Evening star., 1922-03-19
Never MudbOund
In the Shenandoah
To the Editor Of The Star:

To the Editor Of The Star:
Located on fruit farm IN the
Shenandoah valley two miles south
west Of Staunton, Va, beg to take
exception to several articles OF re-
cent date regarding the mud-bound
conditions existing in this state. We
are far from being mud-bound In
this most beautiful section CT Vir-
ginia-no wartime rationing of food
stuffs-doctors a. a-plenty-regular mail
service-autos in great numbers
Not one day this season with more
or less snow, rain and hail have
road conditions prevented me from
going to and fro In my machine:
prom our farm it Is possible to travel
ss much as 100 miles northeast. fifty
miles southwest and many miles IN
other directions without using an.'-
thing but the best of macadam roads.
sympathize with my friends in
washington who are in such sorry
plight living in fine homes and the
hest sections of the city surrounded
by mud conditions far worse than
those we have had to deal with in the
beautiful Shenandoah valley. ! hope
this will serve to establish q better
Understanding as to the conditions
exiafinr in this section OF Virginia.
CAROL X. MORRISON.
Evening star., 1922-03-19
To ASK PEOPLES VERDICT
ON RECORD PRESENTED.

In addition to progress on tariff
legislation this Congress further re-
stricted immigration to avoid In
creasing unemployment made acute
by the operation Of war.
The highway or good roads DILL
authorizing the expenditure Of $76'-
600, 900 on federal aid to road con-
struction, will not only assist agri-
culture, but will greatly reduce the
unemployment. The Presidents un-
employment conference organized the
machinery to assist In caring FOR this
result Of the war.
This Congress created the Veterans
Bureau, which has now under its d.
rection Isl, 900 cases Of soldier claims.
1t enacted the postal employees com
pensation measure, touching q service
for which more than hal1 olAioh
dollars q year is spent.
1t enacted the maternity Dill VI
gently requested by the women OF the
country.
This Congress has established a
record, measured either by amount OF
work. number of people affected, OF
in acuteness Of problems to be soiveo.
Upon this record the republicans
will go to the people for their yer
dict, mindful that it is not partlsan
talk or fault-findings of interested
parties when the shoe pinches IN
March, but the votes Of the people IN
November, that count.
Evening star., 1922-03-19
Mr.. Heap Replies
To Writer Critics
10 tie Editor Of The Star:

10 tie Editor Of The Star:
In Wednesdays Star appeared a
letter from Mabel e. Beals, from Bos-
ton. expressing pleasure on seeing
an article from Mr.. King OF Balti-
more, printed in The Star of the 18th.
commenting on the condition of
animals in Washington, and stating
that she had been shocked and
broken-hearted so many times that
she had made up her mind that there
wasn't any S. 2. c. A. in this city"
l hasten to inform Mrs. Cor Miss
Beals from Boston that there is such
a society in Washington and that it
able to employ two agents to patrol
the seventy square miles of territory
over which its jurisdiction extends,
investigate conditions and remedy
abuses of animals at seven public
markets. besides some six hundred
chickens and other fowls are kept for
sale, but a careful inspection of the
records of the society fails to dis
close the names of either Mrs. Cor
Miss) Beals from Boston. or Mr.. King
of Baltimore. as having contributed
anything, either as dues or donations,
to the society, to enable it to en-
ploy more agents to carry on its
work. .
incidentally, Mr.. King of Baltimore
could undoubtedly make a little
pocket change to help pay his eX-
penses in coming here if he would
secure one of the paper shoes he
says are worn by horses in Washing
ton and exhibit it as a curiosity. Our
agents have never been able to find
one. Probably what he saw was a
leather or rubber pad worn as 4,
part Of the shoe to protect the ami
mails foot from the hard paved
streets, common thing in Washing
ton, but evidently a rarely in 0Iher
cities, as Mr.. King seems nevae to
have seen one until coming here.
Washingtonians visiting Boston.
and Baltimore. especially the latter.
city. report condition of animals in
those cities to be quite as bad as in
Washington and. in some respects.
worse, which prompts ME to quote,
for the benefit of visitors from those
cities: =
And why beholdest thou the mote.
that is in thy brothers eye, but con-
siderest not the beam that is i'm thine
own eye?" JOHN y. HEAP. "a
Sec'y Washington Human Society.
Evening star., 1922-03-19


Today only about rs per cent Of our
imports and exports are carried in
American vessels and rs per cent on
foreign vessels.
Saving of Many Millions.
1t is said that the purpose of the
proposed government aid to Ameri-
can shipping in the foreign trade is
1) the retirement Of the Shipping
Board from operation Of ships by the
Ultimate sale of government ships to
private parties: (2) government as
sistance to these private owners as a
matter of protection to Americas for
eign trade and the establishment Of
a. naval reserve in case of need. 1t
is argued that government operation
of ships is now costing $50,000,000 a
year, whereas the proposed govern
ment aid measure will not cost more
than $34,0o0.eoA and will. it is ex-
pected, be unnecessary ultimately.
Great Britain's ocean freight earn
ings constitute one Of the large "in-
visible credits" which she enjoys to
offset her merchandise balance of
trade against her. In 1919 it was
81 ,s4S, ,soO, 900, in 1920 it was $2,435,-
e5o,Ooo. United States shippers paid
a good share of this. The proposed
shipping aid bill may divert some of
this to American steamship lines and
help promote Americas foreign COM
merce.
At least one-half Of Americas for
eien commerce should be transported
in American vessels. Today less than
one-quarter is thus transported. The
markets for western and southern
agricultural products and for east
ern and middle western manufactur-
ers are not to be confined to America;
they must be found in foreign coun-
tries also. VIII Congress rise to the
occasion?
Evening star., 1922-03-19

To the Editor Of The Star:
Every one is willing to admit that
the housing problem is a serious
one and that every honest endeavor
to bring about a satisfactory solu-
tion of the complex situation should
be commended and encouraged by
every good citizen. 1t would be
most unfortunate, however, If. in the
effort to find a solution to the prob
lem, our lawmaking body should be
encouraged in the enactment of
the roots of property rights. guar
anteed under the Constitution.
The interest manifested by Secre-
tary Hoover and Senator King in
local conditions relative to the sub
ject Is indeed commendable, and the
suggestion for the appointment of
a committee to investigate housing
conditions in the District of Column
bia should be compiled with at once,
and undoubtedly will be, as pres
emily indicated. II this committee
is composed Of able and right-thtnk-
ing men the public need have no
fear Of their findings and recon-
inendations, and may reasonably ex-
pect suggestions that will be both
corrective and constructive. The
chief factors-land valuations, labor
and material entering into construc-
Ion costs, return on Investment and
availability OF money-will, in the
long run. under supply and demand
principles, work themselves out sat
isfactorily. The danger lies in trying
to force by legislation these inexora-
BILE economic fundamentals and mold
a structure built upon false princi-
pies and inevitably doomed to de-
struction because Of its fundamental
weaknesses
The aNeStion Of taxation offers the
Evening star., 1922-03-19
A Sad Blow.
rom the Boston Transcript.

From the Boston Transcr1pt.
The New1yweds have home in the
suburbs and Mrs. N. was relating esr
disappointment with her garden 10
sympathetic caller. I'VE did hope TO
have luck with our tomatoes, she
What was the trouble"
"You know there are several KINDS
of tomatoes and we thought we had
planted the red kind, and now those
horrid old tomato bushes are just COW
cred with the green ones. which we
don't want at all, as we never @at
pickles."
Evening star., 1922-03-19
A Belgian Jawbreaker.
tho New York Times.

From the New York 11mes
Belgian oppositioo - things. French
before the war made them coin their
own word for automobile, so called by
the French when this new vehicle ap-
peared on the market. So. if you took
a motor trip to Belgium. you went in a
suelpanrdelooszondtrs dtrspoorvegpetr
rytuig. Today this equivalent for the
shorter name, "auto," is still used in
certain sections of Belgium. Literally
translated, 1t means ''fasthorselesswith
outrailspetr0vehicle."
Evening star., 1922-03-19
FIUME NIGHT BE
CENTER OF CONFLICT.

Should there come an outbreak, Sc
cessionist or otherwise. on the part
of the SO far patient Croats and Slo-
yenes. then Fiume will become CEN
ter of conflict, for ,the tremendous
any direction. Fiume might be ex-
pected to become the seaport for any
movement directed against the Ser
bian government. With Italian con-
troll, though it be unrecognized by
the government in Rome. there GER
tainly would come assistance to the
Croats in their movement in gen.
eral effort to suppress Serbian in
fluence in the northern reaches of
the Jugoslav kingdom. Such action,
though it be dsavowed in Rome,
would be pretext sufficient for the
Serbiaus to renounce the treaty of
Papallo and, with an army which
rivals in size that of France, move
against Fiume. This undoubtedly
would mean war. even though war
is not desired by Rome as a means
of settling the vexatious questions
that have arisen in Adriatic settle
menIS. But Ill the CudHCGllOTlcS VI
Europe there always has been talk of
just such contingency in case the
Croats and Slovenes should strike
against the bonds which Belgrade
continues to tie about them and
which are daily becoming more OBJ
jectionable.
with italian control of Fiume or
jurisdiction by a Croat-Slovene state
or joint control of Fiume under
Italian influence the future of Fiume
might rest secure, and it is generally
believed that until some such situa-
ton comes to pass the Fiume ques-
tion ever will remain one yet to be
solved. Jugoslav control Of the port,
except that wrought by the sheer
force of arms, never will be consent
ed to. And in any consideration of
the question the emotions and pas
sions of millions of people must be
taken into consideration and conclu-
sions not predicated upon paper de-
crees and decisions of governments,
which always are susceptible to
overthrow, owing to backwashes of po-
litical tides.
Evening star., 1922-03-19
LINCOLN
Behold one cast in natures r,idest mold;
Angular, loose-limbed. cavernous of face.

1 5
Angular, ose-limbed cavernous of face.
Yet through that mask, and setting it aglow
With warmth and sweetness, and noble grace,'
Shines the great soul that steered Ship of State
Midst rocks and tempests, safely into port
Of common birth-if birth can e'er be common
Reared 'rnong the rough and rugged things of life;
Yet bearing forth nature full of grace!
So life its wondrous marves still performs
AS from the dark, drear soil the lilies grow,
Or from the threat'ning clouds the rainbow breaks
Can any good come out of Nazareth!
Doth the rude stall the Prince of Peace enshrine!
Thus men deceive themselves, and bndly seek
The royal soul in palace halls alone:
Forgetting mans not the ways OF God
X
Thus came the Christ-nor would men first believe
So Lincoln rose-Anerica's noblest son.
WILLIAM R. HARR
Chevy Chase Md
Evening star., 1922-03-19

pectation Of return. if the development
be for investment.
In the investigation that is about to
be launched let US hope for suggestions
for relief, but let us also beware Of the
pitfalls. 1.-THE simple believeth every
word; but the prudent man !ooketh Weh
to his going, FRANK +. LEEICa.
Evening star., 1922-03-19
Real Obedience.
London Post

From the london Fost.
Four-year-old to her favorite doll.
the loss of whose arm exposes the saw
dust:
"Oh, you dear, good, obedient dollyi;
I know I told you 10 chew your food
flne but had no ia you would chew
it as fine as that =
Evening star., 1922-03-19
KEY TO SETTLEMENT.
OF ADRIATIC PROBLEM.

The Adriatic question never will be
settled until there is definite future
for Fiume. Fiume must either be
Italian or it must be Jugoslav in
character. Present indefinite condi-
tions cannot prevail. AS long as the
Italian irregulars control the city. as
long as the Serbians maintain armies
on the ridges back of Fiume ever
ready to swoop down in case of
emergency with tension prevailing
as it does on both sides. the peace of
tho Balkans will remain at stake.
Evening star., 1922-03-19
Control of House
Campaign Stake
Continued from First Page.)

It repealed wartime taxes, includ-
ing the transportation tax.
In addition, it reduced the funded
debt $4,000, 100000 and the floating
debt 70O,0oo,0o0.
Under this administration this re-
public is the only country in the
world that has not only balanced its
budget. but has reduced its debt since
the war.
It authorized the funding Of the
foreign debt Of s11,ooo.oee.ooo, SO that
1T can be put in form to be financed
and allay further agitation for its
cancellation.
1t has taken steps to recall our
armies from Europe and to collect
the cost of occupation on tho Rhine.
This Congress. responding to the
suffering of agriculture by TOO
rapid liquidation, enacted con
structive program, including agrl,
cultural production. marketing ana
export aid act; extension OF credit
through farm loan banks, anti-pack-
ers' legislation, antf-grain-gambiin
legislation, cooperative marketing
law, agricultural inquiry commits
sion, emergency tariff until the per
manent tariff bill can be enacted
and the Presidents agricultural con
ference advanced the interest In tnis
basic industry.