davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-08-24
MARKET:
CONTINUES ON
UPWARD SWING
Good Demand Shown for Oil,
Steel and Industrial Shares
In Early Trading.
by w. 8. COUSINS.

(copyriEht, le2a, by Cosmopolitan News
service,)
NEW YORK, Aug, 24.--on the
theory that no concessions were ex'
pected from the railroad executives
in an effort toward the formal end.
ing of the shopmen's strike and that
therefore the formal statement of
their rejection Of the latest pro-
posals of the brotherhoods on the
seniority issue added no new note
to the general situation as applied
10 the stock market, stocks sold
higher in the early trading today.
There was q good demand for
the OILS, steels and industrials, some
Of which distinguished themselves
by rapid advances to higher price
levels. This was particularly true
of the Mexican oils, Houston, Cru
chile and Republic Steel, Studebaker
and Mallinson, the last mentioned OF
which sold at new high price for
the year.
Exceptional weakness on the other
hand was displayed by the shipping
stocks, and in q very brief period
Marine preferred had sold down az
points more to a new low At SAX
while the common got to new
low at 10. Those who were In
clined to criticise the president OF
this company for his public statement
TO the effect that "the mercantile
marine will do well to earn It's per
cent preferred dividend" have had
ample reason to reverse their opin
ions In view OF later Developments
In the overseas shipping industry
Atlantic Gulf and American Inter,
national were also weak In early
transactions.
Mexican Pete Up.
Mexican Petroleum continued the
strenuous forward movemnnt In
augurated by II on Tuesday and
sold up to 1861, thus substantiatins
the predictions made by those who
stated that Pete would sell at 1SS
before II sold at 1856. As q matter
OF fact, all the oil stocks were
strong and active. Pan-Americar
selling beyond 81; Houston Oil al
SO; Standards Oils were slightly
lower.
Renewed buying In the stee
stocks, which made its appearance
in the first hour, was reflected In
moderate advance in the prices OF
steel stocks. Crucible sold up IN, tc
%; Gulf States. IN, to S3h: Repuh
lie, ~. to -; Midvaie, ~. to 30
Vanadium, N, to b2k.
As for the railroad stocks, the
steadily advancing business as evil
denced by the increase Of 44.3ll ir
car loadings for the week ending Au
gust IL was a more important factor
than the current developments In
the strike situation. Railroad stocks
were subjected to quite heavy realiz
ing sales and prices In this sector
were not as we'll maintained as else
where. But the losses which were
sustained in the first hour were
Quickly made up in some cases, no
tably in Northern Pacific. New York
Central and Southern Pacific. Al
80, Northern Pacific was up points
from last weeks low.
Speciality stocks were led by Nal
linson, at a new high at 1914, and
Endicott- J Johnson, near its high leHe
at 81. Studebaker sold up points
at 12Sh.
In line with expectations, Tobacco
Products "A" stock was placed on 1
per cent dividend basis today. To
bacco stocks were active at arount
yesterdays closing level.
Call money was in good supply a
81 per cent.
The Washington times., 1922-08-24
MEXICO REDUCES EXPORT
TAX ON OIL FOR U. 8

NEW YORK, Aug. 24.-Export
taxes on Mexican crude and re.
fined oil shall be fixed at 10 per
cent of the rates established in
June, 1921, the Mexican govern
ment has decreed, according to in
formation made public today by
the Mexican financial agency.
The decree, settling a subject that
caused considerable controversy be.
tween America and Mexico, Is ret
roactive to February ], 1922.
The Washington times., 1922-08-24
Foreign Exchange.

NEW YORK. Aug. 24.-Sterlins
demand, 4.47h; cables. 4.Eh.
French francs. demand, .o77lh;
cables, OTIS. Lires, demand. .04t4;
cables, .o444h. Belgian francs, de.
mand, .07sst; cables, .o7s9. Marks,
.o0o5E new low. Drachmas, demand.
.O317 and .o322. Swiss francs. de.
mand, 1904 and 1906. Guilders, de-
mand, 1897 and 5000. Pesetas. de-
mand, 1856 and 1883. Sweden
kronen, demand. .2661: cables, .2605.
Norway, demand, .171s and .lI2S.
Denmark, demand, .2166 and .2160.
The Washington times., 1922-08-24

In introducing the bill Mr.. Nc
fadden declared that the measure
mad the approval Of Comptroller OF
the Currency d.. Il. Crissinger, and
called attention to a recent ruling Of
the Comptroller wherein he held
that national banks have right to
maintain additional offices or
agencies In such States as do now
permit States banks and trust COM
panies to have branches, additional
offices, and agencies.
The subject of legislation to per.
init national banks 10 nave branches
has been under discussion for many
years past, and the recent ruling of
the Comptroller has renewed the dis
cussion," declared Mr.. McFadden.
The introduction Of this bill will
determine whether or not Congress
VIII confirm the ruling of the Comp.
troiler and thus permit national
banks in the United States to be
placed on the same basis as States
that authorize branch banking"
he said further that the Comptrol-
Ter In approving this bill does not
ASK Tor national banks any rights or
privileges that are not authorized and
permitted to State banks and trust
~S"pethSe' lHcao IlBHtb, npWeNtII ,
should be mutual and equal and until
they are so, there will continue un-
iair competition, between banks of
the national system and State hanks.
In his last annual report, the
Comptroller recommended that Con.
gress check this tide by passing leg
islation making 1t possible for the
Comptroller to authorize national
banks to establish branches. Comp
troller Crissinger is understood to
be In favor Of legislation which would
permit the Comptroller to authorize
the establishment of branches, Off
ces and agencies only in those States
which permit the State institutions 10
do the same thing.
He Is opposed to the branch bank
development, but recognizes. that the
national banking system must take
steps to meet a condition which eX-
lists whether 1t approves of the new
turn or not.
Mr.. McFadden stated that 1t is his
purpose to call the bill up for con-
alteration at a very early date in the
House Committee on Banking and
Currency.
The Washington times., 1922-08-24
Cotton Market.

NEW YORK, Aug. 24.-The cotton
market was irregular at the opening
today, with first prices IL to "a
points lower, October opened at
s22. 40, off "a: December, se2.a5, off
81; January, $22.20. off rs; March
S22.25, off %; May, $22.20, off IL.
The Washington times., 1922-08-24
50, ,a43, ,o42 SPINDLES IN
PLACE, u. S. REPORTS

There were 36,943,o42 cotton spin.
ming spindles in place in the United
States on July 81, of which 3l;975, 2S9
were in operation at some time dur
ing the month, compared with 3l,-
877,016 in June, the Census Bureau
announced today.
The aggregate number OF active
spinning hours on July was 1884,
957, ,625.
The Washington times., 1922-08-24
NIGHTS, WAKE
DAYS, LONGEVITY TIP

LONDON, Aug. 24.--"Go to sleep
as much as you can In the might.
time and keep yourself awake oil
day''-this is the recipe for longevity
given by Sir Arthur Channell, one
OF England's venerable retired High
Court judges,
The Washington times., 1922-08-24
July Gas Earnings.

The Washington Gas Light Com.
pany's report to the public utilities
commission yesterday for the
month Of July showed a deficit Of
slS,303.45, as compared with a
profit of s54,4+s,69 during the
previous month.
In some quarters It was believed
that the coal situation was a CON
tributing factor, but the decrease
in the sale of commercial gas dur
ing July stood out as a probable
cause OF the deficit, During juno
the commercial gas sales totaled
t321,s67, while In July this total
fell to $260,719.
The operating revenues during
July are stated as having been
s2S2,296. Operating expenses were
given as $246,167. The deduction
for interest was $33,104.
The Washington times., 1922-08-24
McFadden Bill Permits
Branch National Banks
Congress Asked to Remove Present Restric-
tions, and Give National Institutions
|, Same Rights AS State Banks.
BY HARRY GUSAcK.

Legislation designed to present restrictions on
national banks and authorizing them to operate branches in
States under the privilege accorded State bank and trust
companies proposed in bill introduced in Congress yes
erday by Chairman McFadden Of the House Banking and
m
The Washington times., 1922-08-24
LEO D. JAcOBY
2O8 Continental Trust Building
PHONE FRANKLIN 1sAs

PHONE FRANKLIN 1s4s WASHINGTON o. c.
LEO D. JACOBY,
2os Continental Trust Co. Bldg
Washington. D. C.
furnish information concerning the
paying q dividend Of ics monthly
FILL OUT
The Washington times., 1922-08-24
Liberty Bonds.

Furnished BY w. b. Hibbs a Co.
Prices at noon:
The Washington times., 1922-08-24

WUrIH' Fuup FI1N va va "
open. High. Low. Clss~
Money on call. 3% -. -. 80.
STOCK sales up to-
~ m. ~ noon. ] p. m. ap. N.
256.700 4S6,100 ........ ........
Bona sales up to
! n. m. ~ noon. p. N. sd. m.
5000, 900 $50, 900 ........
The Washington times., 1922-08-24
INVESTORS
NOW WARY Of
SW|NDLERS
Have Learned Lesson From
Recent Collapse Of "Buckst
Shops,"
BY MUNROE ROBERTS.

Copyright. 1929. by Cosmopolitan News
SeTvice)
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
CENTRAL LABOR
COUNCIL NOTES

At the regular meeting of the Central Labor Council August
denials Rene
Sufe The laundry workers delegate place of Wright
autograph the bacsmths credentials
for j. A. Rose the macnists delegated Weber All
delegates obligated and seated.
The Federation Film Service the Council have the
Disciple shown Everett appointed
told by President Sharpess
Buchler of Tiffn Ohio, book
entitled "The Closed Union Shop Jufabe contains the
the work the Iideer University T Ohio debate uphold
the closed shop This miles
states, and with place
financial of the
1922 read to the delegates.
Recommendations by the Central Labor Council the Building Trades
affiliated
applicants for the position of 7th president the
called for and should be September
49, o be submitted the Federation
committee appointed the
advertisements
Paronize" list from the curtain.
The Cooks and Walters call the attention of union
Montgomery place Colby and Mannngs
boh places o the 1--WE Don't Paronze" list
Study this list and make mistakes
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
WE DON'T
PATRONIZE
LIST
BARBER SHOPS
|. II. Turner. ll04 Hewitt.
Barnhart Shop, Monroe.

BARBER SHOPS
l. H. Turner, ll04 Hewitt.
Barnhart Shop, Monroe.
BUILDING LABORERS
L. Starks, Emil Mitersbach. Phillips.
COFFEE AND TEA HOUSES
Mannings Coffee House Hewitt between
Colby and Wetmore.
RESTAURANTS AND CAFES
Montgomery's Ice Cream Parlor, 1922 Col
by avenue.
CONDENSED MILK
Libby. Mcneil & Libby. Packers and Can
ners
Carnation, Aster, Mt, Vernon and Wash
Yakima City Creamery.
CONTRACTORS
K. Bogstade, mgr. Columbia College.
Columbia College:
Reed and Willard and building 23rd street
and Maple.
Emil Larson, Carpenter.
H. Mayes and T. Hoffler. carpenters.
ELECTRICIANS
f. r. Hare. electrical contractor: John
FISH COMPANIES
San Juan Fish Co.. Seattle
GENERAL MERCHANDISE
Buffers.
MEAT MARKETS
A. c. Snider. the Rural Butcher, in Mid
way Market
Star Meat Market. 18th and wetmOre.
PLUMBERS
VIM. Plambeck.
Joe waiiem and his house at the corner
of 1925 Lombard.
LAUNDRIES
Independent, Standard. Union, Paris and
Kriegers.
PAINTERS
Rainwater & Son, Painters.
A. J. Jones, Sign Painter.
Steen Bros, painters.
MISCELLANEOUS
The Puyallup Fair.
o. W Ward, Cement Worker.
M. Anderson.
Mr.. Burden and his house. 25ll Maple
street.
F. s. Lang Manufacturing Co., of Seattle,
Union Oil Service Station, Cor. Rucker
and Pacific.
Mr.. Burns and building at 4Ist and Ruck-
err avenue
c. n Cay Furniture Store. 2OOS Hewitt
Smoke BLUE RIBBoN 81 Cigar.
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01

charge or supercede men who had
come in to help in an emergency.
The strikers, on their side, said they
would never return until the rule of
seniority was restored giving all the
strikers all of their previous rights.
Each side stood stubbornly for its re-
spective contention until President
Harding asked them to settle the
strike, leaving the matter of senior
ity in allegiance for the present.
The fair mind will see the force of
both positions, because the fair
mind will assume that everything is
straight all down the line. But the
facts dispose of seniority as a strike
problem. The so-called strike break
ers brought in by the railroads are
not mechanics and quit their jobs as
soon as peace is declared. The rail
roads are paying more than twice
the usual wages to their strike break
ers. Any railroad manager will tell
you that he has more trouble with
his strike breakers than with his reg
ular men. One railroad has had two
strikes among its strike breakers
but it was not reported in the news
papers.
When the strike is settled, wages
will go back to the previous scale.
That is, the strike breakers will be
cut from the $40 they are now re-
ceiving, to about $4. Of course, they
will not stand for it. They are not
seeking steady jobs. They are not,
as a rule, of the class that has fam
lilies to support. They are the mer-
cenary troops, so to speak, the mo-
mile army of labor trouble, and most
of them are in the employ of
agencies that are in that kind Of
business.
1t is quite plain, therefore, that
once the regular men go back to
work the problem of seniority is au
tomatically solved. as far as the
strike breakers are concerned. They
are not interested in orderly indus
trial procedure They will not be
there to conduct their rights" They
will be scattered among their various
tenderloins waiting for the next
strike to break out. and some of
them will be employed as agents in
various industries to provoke strikes
and thus make business for the
strike breaking agencies.
But, even so, the real problem of
seniority will remain. And it is this
problem which will continue to face
the railroad men until it is settled
right. 1t can only be settled right
where the basic wage is just, where
men can earn a decent livelihood
whatever their degree of employ
ment. Which is only to say once
more that all our industrial diff
culties are patiently waiting their
solution in an order of justice and
humanity which shall permeate ev-
cry kind of work.
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
CHAS. GOLDTHORP
ENDORSED BY THE
PAINTERS UNION

The Painters Union believing that
members of union when out for a
political office, especially the ones
who are taking an active part in the
general labor movement, should at
least be endorsed by the union Of
which they are a member, at their
asst meeting unanimously endorsed
Chas. E. GoldthOrO for the JIflce of
sheriff of SnOLoman County.
Charlie GoldthCrE has been an ac-
tive member Of TIE labor movement
in Everett since about 1900 when he
first joined the Painters Union. Not
being satisfied with one union card
he joined the Stage Employees Local
Union in 1911, and has been Q mem
Der in good standing Of that local
union since. After being out of the
Painters Union for several years,
during which time he was not work
ing at that tcada, he joined again in
October 1918, and is still a member.
His activities in the labor move
ment are and have been many. He
is past president Of the Central La
Dor Council, of the Stage Employees
and Of the Painters Unions. Is at
present chairman Of the Board Of
Trustees Of the Stage Employees,
delegate from this local union to the
Central Labor Council and stock
holding member Of the Building AS
SociatiOn.
SOME FAMILY RECORD.
Charlie is not the only one in the
family carrying a membership card,
one OF his sons r. c. Goldthorp. is
also a member ot the painters uuon.
While another son, Fred GoldthOrD,
is member 0t the seaman's union.
Two Of his brothers George and
F. c. Goldthorp also belong to the
painters. F. c. carries a card in the
stage employees like Charlie. Two
other brothers J. R. and J. c. Gold
thorp, are members Of the shoema-
kers local union in Seattle.
While another brother f. J. Gold
thorp. is a member of the machinist
in Seattle.
A sister-in-law of Charlie, Mrs.
F. G. Goldthorp is a member of the
laundry workers of Everett, and
little Fred Goldthorp about 9 years
old, feels proud to be a member of
the news boys.
A. W. Goldthorp, another brother
of Charlie, carries a withdrawal card
from the machinists, he has not
worked at his trade since he met
with an accident some years ago
when he took out the withdrawal
card.
The name Goldthorp is a popular
one in organized labor circles.
paid ADVERTISEMENT
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01

Between 25,0OO and 10000 visit
ors from all parts Of the State Of
Washington, Vancouver and Victoria,
B. c., are expected to join in Wash
ington's greatest Labor day cele-
bration at the University of Wash
ington Stadium, September 4. Re
sponses from labor and civic or
CARNATIONS indicate that this IS
conservative estimate Of the out-of-
town visitors who will witness the
magnificent spectacles and sports,
and Seattle is expected to contribute
a crowd numbering up to 100000.
The celebration will begin Satur-
day, September 2, at p. m. with
a big decorated float parade i'm the
downtown section and Labor day
texts will predominate in the
churches Sunday On Monday all Of
the sports and spectacles will be
staged in the Stadium and adjoining
university grounds and on the Lake
Washington canal.
One Of the big features will be the
massing of 10000 children in a chill
dren's festival and fairyland parade;
another will be the five liberty pole
dance by children from the school
pIayfields. Other features in the
afternoon will include mass singing
by Sunday school children, the reg
ular entry sports and a worlds
championship log-rolling tournament
besides scores Of acquatic contests
Washington states greatest band
will play at the Stadium in the even
ing, $50 union musicians being group
ed for the program. Then, besides
the street dancing, on 5000 square
feet of pavement, there will be other
brilliantly Illuminated spectaces on
the great Wayfarer stage in the
Stadium.
Special water and rail excursion
rates are being arranged by the COM
mittees and Victoria, B. c., will send
large boatload of Labor day cele-
brants to participate in the festiv-
tiles. Luncheon will be served at the
Stadium by Boldt's restaurant ser
vice. See advertisement.
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
THE BUGABOO
OF SENIORITY

Editorial in Dearborn independently
At this writing the settlement of
the railway strike seems to hinge on
Seniority" In railway circles this
term describes the system by which
men advance according to their time
in service. The next oldest man, in
point of employment, is promoted to
desirable vacancy. The next oldest
man is not always the best fitted,
and thus railroading has suffered
from a system which was originally
intended to bring about fairness in
such matters.
In the strike, however, it takes on
a new meaning. Railway managers
decreed that strikers lost all their
rights; if they returned to work they
should return as new employees. Man
ayers said it was not fair to dis
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
Painters

A roaring meeting with major
ity of members present listened to a
long speech of General Vive Pres
ident Jos. F. Clarke, who was pres
ent at the meeting August 20. Broth
er Clarke informed the painters
about the general conditions on the
coast and all over the United States.
The Union Record $500 per men,
Der plan to be paid in three years
was adopted by this union.
Charlie Goldthorp, candidate for
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
WELFARE WORK IN CHILE

A Welfare Department has been
set up by the Association of Nitrate
Producers covering almost all the
nitrate mines in the country. This
is one of the most important indus
tries in the country, employing over
$4,000 workers. The new department
will study all questions connected
with workers camps, their comfort,
cleanliness, etc, and all matters af-
fecting the health and welfare of the
workers. 1t will further encourge
education centres. The provision of
medicaments is also contemplated
International Labour Review, July
1922,
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
JUDGES TO VOTE FOR IN PRIMARIES;
SAVE THESE NAMES FOR REFERENCE

The primary election is almost 1t is of the most
vital Importance that prepared take full advantage of
opportunities afforded by that election to further the inter
labor and the people generally One of the greatest
portnities afforded is to elect progressive Supreme Court
has been divided recent years 5 to A. against
rights The four friendly judges hodovers this
reactonary judges for reelection The cand
dates endorsed by the labor and progressive forces
For the siX-year term-JUDGE BRUCE BLAKE, of Spo-
kane: W. D. LANE of Seattle.
For the two-year term-JUDGE VIM H. PEMBERTON
of Bellngham.
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
LOCAL UNIONS

sheriff, got the endorsement of the
painters; he is a member of this To-
cal union.
Five dollars was donated to the
striking textile workers.
Many other important questions
were discussed and decided upon. If
only all members present that night
would be there every week, business
would not pile up and cause lengthy
and late meetings.
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
James Ballew Sick

James Ballew, member of the
plasters' union, was taken sick as
reported with paralysis. Mr.. Ballew
is well known in labor circles, and
one of the pioneers of the Everett
The latest reports are that he is
improving
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
Cooks and Walters

Collected $72.00 for the striking
shop crafts and are heartily in favor
of the movement to get the "New
DISCIPLE to Everett.
Forget the existence of Montgom-
cry and Manning, and they will soon
cease to exist.
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
Blacksmiths

The blacksmiths' local union is a
mixed local and has jurisdiction over
both the city members and the ones
working in the railroad shop. At
their last meeting they elected del
egate to the Central Labor Council.
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
Butchers

Formal installation of the Everett
local union charter took place last
Monday night at the Labor Temple.
All butchers and meat cutters for
merly belonged to the Seattle local
union.
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
Laundry Workers

Initiated two new members and
ask the advice of the Central Labor
Council whether the machinist work
ing in a laundry should belong to
their organization.
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
Street Carmen

Donated $1,000 to their striking
brothers in Buffalo. One new appli
cation was received at the last meet
ing and one member was admitted on
Withdrawal card
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01

Telephone Strike.-Desiring recog-
milton of the right to negotiate as
an organization, and being denied
such recognition by the government
bureau having jurisdiction, 1000
telephone operators went on strike
July 21, 1922, causing the cessation
of all telephone communication in
Stockholm and Gothenburg.
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
GO TO SEATTLE
ONLAB0R DAY

CELEBRATION BEGINNING SAT
URDAY, SEPTEMBER 2, WILL
ATTRACT THOUSANDS OF
VISITORS FROM ALL OVER
THE STATE.
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01
Success.

"Four-fifths of the success of CO.
operators consists not in the victories
won over private profit merchants,
but in the cohesion of their associa-
tion. in their fidelity to the coop
erative store, in their commercial
honesty. If tomorrow a decree of
parliament should suppress private
merchants, cooperators would not
gain much thereby George Holy
oake, founder of British cooperatives.
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01

Smoke Olympia Capitol. 1Oc straight
The labor journal. [volume] (Everett, Wash.) 1909-1976, 1922-09-01

Smoke BLUE RIBBON 81 Cigar.