davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-06-30

No. 122f3.
TREASURY DEPARTMENT
OFFICE OF
COMPTROLLER OF THE CURRENCY
Washington, u. c., June 8. 1912.
wHEREAs. by satisfactory evidence pre-
sented TO the undersigned. It has been made
TO appear that
THE CAPITOL NATIONAL BANK OF
NEW YORK
IN the CITY OF NEW YORK
has compiled with all the provisions OF the
Statutes OF the United States, required 70
be complied with before an association shall
be authorized TO commence the business OF
Banking;
Now therefore. I. u. II. CRrssINGER,
Comptroller OF the Currency. do hereby
THE CAPITOL NATIONAL BANK OF
NEW YORK
IN the CITY OF NEW YORK
IN the County OF NEW YOr.k and State
OF NEW YORK
IN authorized TO commence the business OF
Banking as provided In Section Fifty one
hundred and sixty nine of the Revised Stat
utes OF the United States.
In testimony whereof. witness my hand
and Seal Of office this FIFTH day OF
JUNE. 1922. -
(siEned) d. r. cRIssfNGER.
Comptroller OF the Currency
The New York herald., 1922-06-30

in guaranteeing them Is negligible.
Thus the mortgage is doubly safeguarded.
The guarantee is the touchstone of the good
mortgage, but the size of the guarantee fund
is very important. The Bond & Mortgage
Guarantee Company has the largest guaran-
tee fund of the kind in the community
.($I2, o,ooo) and has a reputation that
should make its guaranteed mortgages, a.
offered for sale by US. the first choice of
every investor.
The New York herald., 1922-06-30
-xssHCAG0 PBTcEs.
NEW YORK PRICES.

wHEAT-No . red. 81 BOY; No. 9 hard.
duruIn, $1.35tx. C. 1. (. track New York to
arrive.
Z CORN-No. yellow and No. . white were
quoted at SIC, with No. mixed S0Mc.. C.
4 {. New York all rail.
OATS-No. 2 white. 47kc. to Isc.; No. .
white, 1910. TO 47c.; No. white, 4oc fan
ty clipped white, 54c. to. 56kc. ordinary
clipped white. 4sisc. to 50hc.. all elevator.
RYE-No. 2 Western. S1y01. Z. o. b. New
York. and 99fsc., g. l. f., export.
BARLEY-Malting 74c. to 7sc.. C. |. Z. New
HAY-No. i s2s@so: No. . s2e@2s; No. 8
s23Go5; shipping SPICES per ton.
The New York herald., 1922-06-30
INTERIOR RECEIPTS
EXCHANGE HOLIDAYS.

The Chicago Board OF Trade will close at
80 A. M. on Monday. July Q. The New
York Coffee and Sugar Exchange will
he closed all day next Monday. The New
York Cotton Exchange and the New Orleans
Cotton Exchange VIII be open as usual on
Monday, because OF Government crop re-
port TO be published at 80 o'clock. New
The New York herald., 1922-06-30
LIVERPOOL.

vance; middling, 1319d. Sales 10000.
American 1000 Imports 1000, American
5000. Futures opened quiet and steady at D
10 ~ points advance. Closed quiet at net
advance OF 20 points. July 12.14; october
10. 80; December f2.15 January 1904; March
II IS; May. Ills. Manchester-Yarns firmer;
cloths in good demand.
The New York herald., 1922-06-30
CUSTOMS RECEIPTS.

Receipts for duties at the Custom House
yesterday were $7s4, ,0sa ~. OF which sfa9.-
80O.26 was for merchandise withdrawn from
bonded warehouses and s5s5, ,6so.f9 for recent
importations.
The New York herald., 1922-06-30
UNITED STATES PRE-wAR BONDS.
PENNSYLVANIA OIL.

OIL CITY. Pa, June 2o.-Credt balances
$3.50. Runs, s7,854. average. 5T,5SS. Ship
msnts, ~. .721; average, b7y69a.
The New York herald., 1922-06-30
FOREIGN MARKETS.

. LONDON, June 29-Trading was quiet and
prices moved irreguary on the Stock Ex-
change to-day. Quotations follow:
Bar silver, 36itd an ounce.
Bar gold. gfs. I'd.
Money. 1A per cent. -
Discount rates: Short bills. 2i4 per cent. !:
three months bills. 2lk per cent.
Two and one-haf per cent. consos, 56h.
British 3 per cent war loans, 100.
Z British 4n per cent. war loans, %.
DE Beers, 11&
Rand Mines, ga
The New York herald., 1922-06-30
The Best Guarantee Goes Only with the Best Mortgages
Other Mortgages Are Uncertain

The inexperienced mortgage investor has
no means of picking out the best mortgages
except by requiring them to be guaranteed.
Even this, of itself, does not make mort
gage a sound investment unless the guar
antor is able to make good. The better
able he is to meet his obligations and the
more money he has at stake. the more care
full he is in putting out his guarantee.
This means that he will pick out, for
The New York herald., 1922-06-30

PARIS, June 2o.--Prices improved on the
Bourse to-day. Quotations follow:
The New York herald., 1922-06-30

US Remsen ST., Brooklyn.
80 Bay ST.. St. George. S. I.
The New York herald., 1922-06-30
X O Southern
ref IS 1850

Continued on Following Page.
Evening journal., 1922-12-15
FRIDAY, DECEMBER Is, 1922
OUR SLOGAN;
The Evening Journal-the First
Paper of the First City of the First
State.
NOT A DEFICIT, BUT A SURPLUS

NV7HEN more than a year ago DR. Walter Huihen
wv president OF tho University Of Delaware. an
bounced publicly that there would be dehcit in the
hnanoss OF the institution there skeptical smes
N many quarters Nor did those smiles fade altogether
when Arthur c. Wilkinson business administrator for
Sne university echoed amplned the Hullihen deo-
iaration-
We desire now to call public attention TO the fact
that Business Administrator Wilkinson has issued in
attractive pamphlet FORM his financial statement for
the fiscal year 80 last and that instead OF
showing deficit amounting TO thousands OF dollars a
balance In hand Of s1240s. No who knows the
past financial history OF the university fall to
preciate that suoh a result only could have been
achieved through sound business methods the best
between the president and the bus-
administrator their associates in the several
departments of the institution. No has been
nt.d to forget the pledge made the people and TO
the Legislature OF State that there would be no
sencit. The rssult hishly-sratifyng report which
makes strong appeal to public favor.
It also should be said that Business Administrator
Wilkinson framed his report in such form that It
Is easily understandable any person who reads It,
There is nothing complex about IT, and for the eimlna-
ton OF complexities he is worthy OF high commenda-
ton The of running university shown sepa-
rstey from thN4 running the research work extern
work and many other branches. Another feature
Is that the fiscal year closed the year that the
athletic through the bust
ness administrators onioe. There is a comprehensive
setting forth OF the of the athletic activ
ties with definite cost figures for sport. Those
sacts and figures should be OF much interest the
alumni.
SO, as the situation stands now, the University OF
Delaware so before the public the Legislature
with clean hands and ask for ample funds its
needs.
Evening journal., 1922-12-15
CONSTRUCTIVE COOPERATION THE CURE

IN folder which has for its title Constructive Co
Il operation Curbs Costs" the Philadelphia Builders'
Exchange and Employers Association which has in It's
membership OF wllmington's most prominent
builders forth tabloid discussion
building trade conditions which undermine industrial
stability. 1t gays. In substance:
High rents inflated realty values high living costs
high material prices. high wages. excessive building
eosts. Can the circle be broken
April to Decsmber 100 per cent. employment for
mechanics in the building trades This shortage
In many trades Wages up; employers pay bonuses;
work Is delayed jobs have little value efficiency suf
fers; costs mount
December 10 April unemployment approImates 40
SO per cent Mem work Efficiency RISES but
Basic wages held at level fixed through a
milton Of Tho condition OF seasonal employment. Me-
nhsuioa wage for working days that averages
periods of enforced sdlensss.
lfzterial costs follow the same course. Summer ac-
rdtaes manufacturing capacity congest
poyxtion delay deliveries, stop work. prices;
pyramid costs
Basto labor rates should be reduced II
ernploy1nent diminished. An extended CONSTRUCT
period would relieve material markets and trans
portaon- Distributed activity strain
supervisory forces. Costs would fan This breaks the
efpcl&
We need cooperation forethought, planning. II you
contemplate building alteration
Start new construction IN March instead OF April
May June
Plan inside work employ labor in period OF lowest
norrnsl demand.
Relieve industry by contracting for all alteration
repair under cover that labor fall
period of lowest general employment
Use your influence public non-specuative and
institutional work at period when it will make small
est demand available labor and materiarsupply
Insist that architects plan your that actual
construction be under pressure. Do not
demand early completion when labor is obtainable only
on payment of bonuses advanced Your gain
is only eemporary the community suffers and you
fer with It
asserted that such policy will reduce the
owners all work at all tines; help the commu-
nifty obv1ats delays; stabilize industry and relieve I'M
employment.
Point is made that unavoidable W inter- costs average
hut per cent it is asserted that money pro-
y1dsd building starts earning only completion
The above should receive the serious attention
~ everyone. employer and employe in the Wilmington
building Arades that OF all persons who are
bsh4sf hsf7dins sutsrp~ises.
Evening journal., 1922-12-15

seamen that add largely TO the cost
of operation and, with other condi-
tions, make American shipping I'M
profitable. II was designed to es-
tabllsh American standards for
labor at sea. and this in itself is
laudable. but If American ships ars
driven from the ocean, as they GER
tainly will be without government
aid, American seamen will be either
out Of employment entirely or forced
to work on foreign ships under for
eign conditions.
The merchant marine act would
take nothing out of the pocket of
labor; 1t would insure the perman-
ence of American standards of labor
for American seamen, and by its
provisions for larger percentages of
American /seamen on every ship
would increase the demand for en-
ployment in that field of labor. Or
ganlzed labor, II is true. wants gov
eminent ownership continued, but Il
has already been clearly shown that
this costs the country very much
more than the aid proposed. does not
serve the transportation needs of the
country as it should and is in general
economically unsound. Government
ownership is, as President Harding
says, a colossal failure, and If con-
tinued will as surely result in the ex-
tinctlon of the marine. after hun
Evening journal., 1922-12-15

( place this legislation before the
other items upon the legislative pro-
gram. For the America of today
which cannot prosper without It's
foreign trade, a national merchant
marine, designed for and directed
TO the upbuilding of American COM
merce, must be ranked with the
most fundamental OF all industries.
There are the soundest economic
reasons for comparing farming and
shipping. Both are basic industries.
Since the war the nation IS more
alive than ever to the necessity of
upbuilding prosperous and con-
tented farming population. 1t was
equally the lessons OF the war which
convinced the nation that America
counld not be either secure or effi-
cient in its foreign trade unless Il
possessed a large merchant marine.
1t is popular in certain quarters
to speak of legislation extending
governmental aid to farmers or
shipping lines as legislation for
special interests" The Democratic
party has long attacked the whole
protective theory on this exact
ground. The Republican party has,
to tho contrary. consistently sup
ported such fostering aid upon the
theory that It was the prime duty
o a modern nation TO lend svery
Evening journal., 1922-12-15
STARS AND STRIPES HAUnEp Down

A eight bells Ga m.) December 8. the Stars and
N Stripes two magnificent steamships OF tn,
United American Lines. the Hesoluts and Reliance
we're hauled down and the Panama nag quartered red
white. and blue. with two the white quarters
was hosted TO tho mastheads.
The formal transfer Of the Ships to Psnamsnisn
registry completed It is quits generally conceded
in shipping circles that II the ship subsidy bill should
be nbusered to death in the Congress large
number of American ships WIN to Panama reg
sry while others will to Japanese British reg
Istry
1t seems probable that the onicials Of tho United
American Lines are pessimstio TO the outlook for
the ship bill. and they do care to operate at con-
tnued losses between and March, in the hope that
the bill may pass.
While business might have dictated action faith
which all things might have dictated that
the United American await the outcome the bill in
the Senate Certainly nothing protrscted buster
would capable OF defeating the measure at this
juncture.
Evening journal., 1922-12-15

Esoh nsneuver OF the farm-bloC
Senators against the shipping bin
throws into higher relief the broad
mindsd and patriotic stand of Mr..
Hsrding in face OF those local
groups of which every legislature Is
necessarily composed.
In their demand for further farm
credit legislation, the Senators from
the Middle West are performing
their duty in representing their con-
stituents. Their demands are largely
fair and reasonable and for the good
Of the whole nation. They are act
ing wisely and properly. But when
they couple with their plea for aid
for their communities a denial OF
aid TO another basic industry, ship
ping, they expose themselves TO a
charge Of grave Inconsistency and
-sightedness.
1t is Mr.. Harding's bounden duty
under the Constitution to represent
the whole United States, and he is
living up to his duty with stalwart
courage and fairness. He himself
comes from the Middle West. He is
in no sense an fastener. But he
has seen the shipping problem in its
national aspects and he Is speaking
for the whole people OF the United !
States when he insists that Congress
Evening journal., 1922-12-15

facility TO the development or a
rounded and correlated industry
that a nation specializing in a few
activities could be neither indepen-
dent nor great.
Upon this Republican theory the
America of today is founded. AS
Il happens. the two industries to-
ward which Mr.. Harding would
now direct Federal aid. farming
and shipping. are closely CORE
lated. The farmer needs American
vessels in which to export his grain
or he cannot hope that his grain
will compete with the grain of other
nations upon an equality. 1t is upon
a prosperous farming population,
adequately financed, that American
ships must look largely for their
cargoes.
Thus, in a fair view, neither the
shipping bill nor the rural credits
law favors a special interest. Each
is an integral part of that national
machinery upon the functioning of
which the welfare of the entire
nation depends. Mr.. Harding fights
for the whole nation in demanding
both laws. The farm bloc Senators
will write themselves down as legis-
lators Of small and limited horizon
II they demand just laws for the
farmer ana deny Just laws for the
ships of all America.
Evening journal., 1922-12-15
The National Viewpoint

(From the New York Tribune).
Evening journal., 1922-12-15
EDITORIAL OPINION
PLUMBERS UNION METHODS

PLUMBERS UNION METHODS
From ths New York Herald.
This testimony before the Look
wood aomIsittse under the question
ing OF samuel Untermysr gives Ia
tho public some hiDt OF what the
plumbers union has done ana IL do
ing TO the pubic.
That union, thanks 10 the blind
eslnshrsss OF its members and the
gall and greed Of It's bosses. is
| blocking construction of all kinds at
time when this country needs
buildings more than sver It needed
thsm.
That union. with its dog in the
msnger tactics. Is keeping young
men who need work out OF a trade
which needs worlemen. It has stop
ped at nothing IN its effort to leave
tho plumbing trade constantly short
Of men in order that Its wage scales
and It's regulations may be imposed
upon employers.
A single phase OF the situation
forced by the union f. enough to
show the economic evil that IS
wrought. Pipe cutting and thread
ing represents half the work OF gem
eral plumbing. This work could be
done quickly and economically with
power machinery in the shops. But
me plumbers union oompels the
plumbing contractors to have all
pipe cut by hand on the Job. Ths
cutting and threading OF pipe is not
skilled work. A fairly strong boy
can learn in a day TO out and thread
pipe up 10 the diameter OF two
inches. But the apprentices and
helpers who used 70 cut and thread
pipe are not permitted TO do so
now; the union forblds. In fact,
the union does not allow apprentices.
It allows helpers. but only one for
every two 1ourneymen plumbers.
And a helper is no longer allowed
to use tools. not even such simple
devices as pipe cutters and the
stocks and dies that are employed
in threading.
The result OF these union rules is
that the helpers, who should be
busy with work they sre perfectly
competent to do, are used only as
porters for the Journeymen. And
tho journeymen. who should be
busy with the skilled end OF plumb
Evening journal., 1922-12-15
With the Paragraphers

Briton has invented silent" soup spoon But we
may still find the dining II we listen for the cell
ery.-New Orleans Times-Pcayune.
A New Jersey man, anxious for distinction as A pub-
lie executioner has let II known that he will perform
the functions OF electrician the death house at cut
rates. 1t is grim commentary the struggle for
stence that to meet the high OF living
dvidual is ready to reduce the high dsgraceul
death-New York Herald.
One why the Leader is often little bit late in
coming out Is that frequently have number fair
visitors who come in TO leave news item ad
something OF the kind and at such times we always
like true Southern gentleman, take pipe out OF
our mouth and lay Il down somewhere after they
always takes about fifteen to nnd II
lagain-Tarpon Springs (Fla-) Leader
Evening journal., 1922-12-15

ally are opposed to government aid
for the merchant marine. Organized
labor is also opposed TO it. And yet
10 no class Of our people is the pur-
pose of this aid so directly import
ant, and TO no class would its result
be so beneficial as to these. IT IS due
in no small degree to the operation
OF the seamens' law, fathered by
Senator La Toilette and strongly sup
ported by organized labor, that
American shipping is placed at a dis
advantage in competition with the
ships of other nations. This law
established rigid regulations as to
the character, treatment and pay Of
Evening journal., 1922-12-15
love NJUNCTI0N'
AGAINST TEACHER

SEAMAN, Ohio, Dec. Is Omitted
Press) Judge W. p. Stevenson
granted a permanent love injunc-
ton" against alleged relations be
tween Jessie snedaker. pretty school
teacher and Homer King. wealthy
lumberman.
Miss Snedaker is enjoined from as
sociating with King in any manner
and from speaking to him directly
or indirectly by word. letter. sign or
symbol"
The injunction followed an agree
ment between attorneys in the SEQ
600 alienation of affections suit filed
by Mrs. King against the school
teacher.
Evening journal., 1922-12-15
THE MARrYRpoM OF MONTENEGRO

NToNTENEGHo. tho nrst of ellies IN the Work
WI War enter the struggle has Cost in It more thar
OF its lighting men. and onethird OF the owl
population perished through prtvations and famine
And while the Bolshevtly and Greeks who NO
our allies have received generous help, che people Of
the Black Mountain have been entirely forgotten be
cause proudly they and ala not know
how to advertise themselves.
A tiny spot, the map OF Europe Montenegro has
history heroism metims equaisd but surpassed
by nations This hardy OF clesn-vins Chris
than mountstneers has been recognized for centuries as
the buwark OF Christianity and people has more
deserved this glorious title because they have been che
eternal scouts Cross against Crescent for
ever the alert, their snowy peaks. never CON
ousrsd By the bsrbertc Mussulman hordes.
One hundred and sixty thousand strong in the seven
century OF the best fighters of the Psdsha Of
Constantnopls attacked the Black Mountains fighting
ten They went in, but they came out
Their be found this day. lying at the
bottom of the ravnes and the passes OF Montenegro.
Napoleon tried tackle the Montenegrns but his gem
erals gave up the task.
Montsnegrin Humanitarian Mission 10 at present in
this country headed by his BxcelIsnoy vladimir
PetrOvoh for the of revealing to the world the
appalling conditions OF his oouny ruined by the Occu
patton OF rsfsntfess foe whose ipsrsistio aim has
thw.rtsd the fndomisb. love oil liberty Of the
nery little nation.
THIS mission does not ooncern i~oh WIN pofFuoei
conditions Its aim is eniroy of mercy 1t will not
any other subject that hslpinr their
suffering oountrymen Their patrons committee is
formed OF mutituds OF American citizens many OF
them prominent
Two hundred thousand women and children are
rvng and many Instances eating xrsss sus
tain thsmssvss More than 10000 homes have been
burned and thousands Of refugees orovdnE neigh
boring countries where they better on
They hope IN Amsroos, everybody DOES nowadays, |
they think that IL tho people Of THE country knew
they would heir.
The Methodist Church and the Pope of Rome have |
helped the starving mountsnesrs and His Holiness
means and snoourag sment to tho mission to 20
he land OF the free TO seek bread.
Man live by bread Alons-but must
nave bread to 1.-Two at all.
Today Montenegro has bread. she has ssvsd hsr
rational soul by loyalty ideals and the world CRISIS
The gave all she had to others
Even her small military contribution counted then
her stubborn resistance to Austrian force
the larger Serbian army time just BslHium's
assistance saved Francs.
But Montenegros unique value to the world Is morsl;
md free peoples that bread cannot AFFORD to
fountain for The that fall their
ables
Montenegro saved Osa.rs, herself she cannot save.
Others must and America Will
The OF the world may forget It's debt of gratitude
the country that did for Christian cviliza-
ion, America will not. and It has already given assist
and help TO this Montenegrin Mission the Pope of
tome's faith in this country not misplaced.
Evening journal., 1922-12-15
GEMS OF THOUGHT

Too much symathy will make men lazy.
:--:-:-:
The road to poverty is paved with poor inventions
s-:-.-.
The most cheerful philosophers are those that
.-.-.-:
The man who isn't hero to his very young son will
never be a hero TO anybody else.
:-.--:---:
II you don't know all about your Job you can only
conceal your lack Of knowledge by keeping away
from It.
.-:-:-.
mans habits may be his own business but unless he
lives deserted island he will find that others make
them their business.
.-.-:-:
Almost anything is more important than having a
great deal of money, and almost nothing is more i'm
portant than having some money.
Evening journal., 1922-12-15

ing, spend half their time on I'M
skilled work and ask 50 or more a
day.
Thus labor Is wasted. Thus money
is thrown away. Thus young men
who might be learning a trade are
denied the experience they need.
Thus, at a time Of housing shortage,
construction Is blocked by the lack
OF labor.
RELATION OF FARMER
AND LABOR TO
SHIPPING PROBLEM
From the 81. Louis Globe-Democrat.
Il seems that the farmers gener
Evening journal., 1922-12-15

By Diminishing mon not needed in the navy yards the
government will help in supplying men needed
In construction work when there is scarcity of brick
layers carpenters and plumbers would be almost
crime for the government keep any man in its en-
ploy that could be spared.
Evening journal., 1922-12-15

dreds of millions have been futilely
expended, as if the marine had been
turned adrift 10 die of starvation.
Labor can gain nothing by the de-
feat OF the merchant marine act,
while it would lose enormously.
And this is no less true OF the
farming interests.
Evening journal., 1922-12-15

"A loan oft loses both itself friend" said Shakes
peare. which finds application the American
war loans to the allied nations.