davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05
AMERICAS HOPES
DEPEND ON WORLD,
Big BANKER WARNS
Francis SissOn, Noted Finan-
cial Expert, Declaims
High Tariff Plan.
BY FRANCIS II. SISSON.
Vice President OF Guaranty.
Trust Co. New York.
Especial to The News-TIme-J

Especial to The News-IimeS.l
NEW YORK. March 4.-While
economic depression prevails
throughout the world, as the newt
able aftermath Of the most destruc-
tive OF all wars. America can no
more hope 20 solve its domestic eco
nonic problems alone than the
world can reasonably expect 70 cure
its multifarious economic ills by
some magic panaces. In the final
analysis. we were drawn into the
European struggle because OF the
economic interd ependence Of all
civilized nations; and the only pos
sible way we can fully recover from
he effects Of war is by international
economic cooperation. Our COMPLETE
realization Of that dominant fact is
the paramount need of the hour in
his country.
But we cannot effectively cooper
ate abroad until there is more eff
caciOUs cooperation az home. 1t is a
case OF better team work within and
without. It is futile. for instance. for
one branch Of the government 10 en-
deavor 10 facilitate the granting Of
credits TO prospective foreign buyers
OF our raw materials when another
branch of the government insists on
making II impossible for those buy
ers 10 pay us their debts and liqui-
date the credits they obtain here.
While the extent TO which the War
Finance corporation can aid Ameri-
can and foreign interests in its COM
mendabie efforts 10 supplement pri-
vate sources of credit in promoting
our foreign trade may be question
able-in view of the abnormal world
situation and it's colossal demands,
its services must unavoidably be
negatiyed 10 a considerable degree
by the enactment OF a permanent
high tariff act.
Consider Tariff.
Consideration should be given 10
the effect OF a high tariff not only
upon-particular industries, but uron
the welfare Of the country as a
whole We should not lose sight OF
\ the difference between conditions
when the Payne Aldrich law was
enacted The effect Of the adoption
of a high. protective tariff today
may be quite unlike the effect Of the
| adoption Of the Payne-Aldrich law
] and similar measures passed before
/ The war.
] Prior 10 the war. the United
/ States was a debtor nation and com
| paratively little thought was giver
TO the effect OF a protective tariff
on our export trade Today an al
! together different situation obtains
and the adoption OF a tariff law
with rates high enough 10 interfere
/ seriously with our export trade, IS
| destined to cause serious injury Ia
\ our commercial and Industrial life
tt IS estimated that, prior n the
war. European capital was invested
/ in American securities 10 the APP
proxlmate amount OF $4,000. 900, 900
The net payments OF interest and
/ dividends on this capital, after
deducting the amount owed TO citi.
zens OF the United States on account
OF their foreign investments, re.
/ quired the annual remittance abroad
OF between s175.OO0.0O0 and s225.-
/ 100000. other payments. such as
/ expenditures OF American tourists
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05

cal FOR congress 20 endcavor 20 re-
duce the onerous taxation burden.
which is handicapping business. If
81 continues TO spend the taxpayers
money Xtrayagantly
some Tax Figures.
Il should DE remembered that gov
ernmental expenditure for 1920 ex-
ceeded those from 1871 20 1865. In
elusive. a period Of = years. Fur
thermore. it, Is imperative for the
taxpayers o. this country seriously
10 consider the fact that obligations
arising ont OF the recent and earlier
wars. together VITA the current ex-
penses OF the war and navy depart
ments. constituted 92.S percent Of
the total appropriations for 1920.
Congress has appropriated for the
military and naval establishments
for the fiscal year 1922 the sum Of
1855. s3793s If we take these ap-
propriatiOns as fairly representative
OF our annual military and naval ex-
penditure I'm the future IL viii be
seen that. while Germany is paying
S26. O0O.O goo as interest and am
OritizauOn Of her present reparatiOns
obligation Of SO. OoO.0OC.OOO gold
marks. the United States viii have
expended In the same period $50
600. 600. 600 for military and naval
purposes.
Germany. IL should be recalled. in
cidentally, has practically been re-
lieved OF her army and navy under
10 OF
can. therefore, divert revenues and
labor that would otherwise be ex-
pended for armament into more
productive channels.
There would also seem TO be little
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05
BY ROY GIBBONS.

Especial 20 The Aews-Times.l
CHICAGO. March 4-"He's just
pipe dreamer people said that. of
John Hertz 90 years ago.
Today. at A. Hertz is a muItimil-
llonaire. And all because he cashed
IN on his dreams!
He's head Of the Chicago Yellow
Cab Company. That company car
ried 90. 06O 600 passengers last year.
II owns 1000 cabs and other property
worth more than $4,000, 900.
And he's a pioneer in introducing
courtesy into the taXiCab business.
For Yellow Cab patrons are treated
with the utmost cOnsid GRAFTON
never browbeaten or overcharged,
Hertz says
Twenty years ego Hertz was an
auto salesman. He found most OF
his profits tied up IN a growing heap
OF secondhand cars taken IN ex-
change for new ones. And there was
no market for the used machines.
II was a desperate situation. But
Hertz thought he saw a way out.
Use the old cars 10 run an auto
Iivery," ne said.
His partners laughed. For in those
days the automobile was still some
what OF a curiosity and horses wore
binders 10 prevent shying at the
"durned cOntraptions.
Hertz gave his idea a test. His
livery with its 40 antiquated cars was
VI success.
SO he dreamed further He gave
up selling cars altogether and en-
barBsd as a pioneer IN the taxicab
business
The Yellow Taxicab Company has
grown from that.
Treat the other fellow square. Do
something for him and he'll reciprO-
cate'-that's Hertz's business phi
lOsOphy.
IN practice that means:
THAT every taxi driver IS part
ner IN the business and can buy as
much stock as ne wants and can
pay for.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05

have increased. With auto racing
on the climb. bull fighting will be
on the decline, until eventually the
once worslNpped matador who slew
the bull with his sword, or the tore
ador whose skill in the arena always
called for widest applause, Will be
only a matter Of history"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05
UNCOVER ANCIENT TOME.

TOULOUSE. France.-Three arch
biologists of the university here re-
port the discovery OF a funeral
CHAMBER deCked with necklaces or
badgers teeth and with worked flint
In the grottO OF Masd'A zil in the
south of France.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05

An automobile headlamp marketed
in England IS made so that no blind
Ing effect IS produced. II IS taper
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-05

ports does not necessitate a CORES
ponding decrease in exports. It Is
entirely possible that the present rela-
ton between exports and imports
may be reversed without in any way
decreasing the volume OF exports.
We can buy more without selling less
and thereby enable our European
debtors 10 pay off their obligations
without gripping our industries or
decreasing our national wealth IN
order TO do so. a study of the devel-
opment Of foreign trade in many Eu-
ropean countries will show this to be
true.
To Absorb Surplus.
During the last few years we have
Increased our production OF many
commodities far beyond our own ca
pacity TO consume and we have been
developing foreign markets. especial
ly in Latin-America, TO absorb this
surplus. From such markets we i'm
port many articles, some OF which
are not produced in this country. If
we now limit the importation OF
those goods bv nigh tariffs we should
do irreparable harm to our export
trade by preventing the free ex-
change OF those C m IN att s
which our customers have to offer in
payment for what they purchase
/ from us.
The business stagnation OF today
I is not due, as some advocates of high
I protective duties assert, to a flood OF
/ foreign goods competing with the
/ produce of our own fields and fac
| tories, Moreover, in large part our
\ imports are non-competitive goods,
I and it is in industries represented by
| some Of these, such as coffee and
rubber in which stagnation is most
/ pronounced at the present time. Al
/ though il is estimated that our ex-
/ port trade constitutes but about 10
percent of the total trade of the
I country, it IS commonly looked upon
as the outlet for our surplus produc-
! tive capacity Of agriculture, trans
/ pOrtation, and manufacture and as
a stabilizer of business. A healthy
/ and prosperous foreign trade has
/ become of increased Importance 10 a
great many Of our citizens. It is
/ consequently of serious domestic
concern.
While it Is possible that a high.
\ protective tariff on some articles
may be proper. there is surely MOTH
Y ing in our economic situation which
/ justifies the adoption Of a general
/ tariff policy that Will, in effect. erect
\ a barrier around our ports and iso-
/ late us commercially.
1t would seem 10 be equally nlogi-
New-York tribune., 1922-07-02
DEATHS

AEBKER-On June IS, 1879. Walter no.
loved brother of Mrs. Martin keany n -
Aeekcr); Funeral from his late ras.
dtnce 2o3 West S9th St. on Sunday,
Cemetery. :
beloved wifi. Of Arthur Alien. s:st.r "a ~
EDNA and William Smith jr serves
and funeral from her late residence ia
East l37th st, oa Monday. at $50 a; m,
lntermeht Ramapo. y. Y. Automobile
cortogc.
BARBER-Helen Arundel, daughter O.
Mr.. and Mrs. ]. X. Iarber, aged three
years at Greenwich, Conn.
BlDDAE-Mrs. JAMES Bidele, wife of the
late General James Biddie. in her s2d
year, ~ the residence Of her daughter.
Mrs. Louis Evan Shipman. 2l Beekn.an
pi. Funeral services ut Arlington. Nir-
ginia Monday morning. July g.
BOLTON--Josephine Woodruff. he,oves
wife of the late Rev. Robert Bolton of
Westchester County. Service at Chris,
Church Pelham Manor. Monday, July 3.
IL m.
:RADY-At his residence. COS Jewett av.
Westerly S. l., on Juno 80, 1922. Bernard
Erady, REQUIEM mass at the Church OF
j. ~ 10 J. m lnterment Hudson County
Catholic Cemetery. Jersey City. n. j.
CORCORAN--on Friday. June 80. 1922,
Clara Y. tnee Paync). in North Bergen,
beloved wife Of James Corcoran Rela.
tVes and friends are invited to attend
the funeral from, her late residence, 6is
Main ST. on Monday, July q. 1922. at
a;so a; M; thence to St Augustine r. c.
Church. where solemn high mass OF
requiem will be offered for the repose OF
her soul. Philadelphia papers please
copy.
New-York tribune., 1922-07-02
Service to Farmer Worth
Millions, Says McCumber
Puts Value on His Battle for
Higher Wheat Tariff for
North Dakotans
From The rrtbumc's Washington Buret

From THE Trtbumc's Washington Bureau
WASHINGTON, July 1.-Senator Nc
Cumber, of North Dakota. chairman Of
the Senate Finance Committee, who has
just been defeated for denomination,
forcshadowed his departure from the
Senate in his remarks in connection
with the tariff bill to-day. He vowed
his continued allegiance to tariff pro-
lection for the wheat of the North
Dakota farmer.
"Mr. President" said the Senator,
for twenty-t,:ree years and over I
have been fighting the battle for the
interest of the farmers of my state.
think my efforts in holding UP tariff
rates have not only been worth mil
lions, but have been worth hundreds
Of millions of dollars in the years of
my service to the people of my state. !
shall close my labors still fighting their
battles and still attempting to secure
for them all that can possibly secure
by a tariff bill in adding to the value
Of their products; and when leave the
Senate l hope tc leave it with good
protection upon the wheat of the North
Dakota farmer"
Senator McCumber followed with a
long speech upholdirg the proposed 80
cent wheat tariff, which was approved
by the Senate.
Senator Underwood, rcplying. paid a
personal tribute to Senator McCumber
and said ne had "an undoubteo record
Of high character, sincerity of purpose
and an earnest endeavor to carry forth
"-'' - IN the views in which he be-
New-York tribune., 1922-07-02
Rye Country Club Opens
With Dinner and Dance
Series of Events Will Continue
Over the Fourth; Has
Ideal Location

The formal opening of the Rye Coun-
try Club at Rye, N. Y, last night was
marked by dinner and dance which
inaugurated series of social festivities
that will last over the Fourth of july
IN celebration of the event.
The club was formerly the estate
of George Parker, of New York. and
has been remodeled at a cost of $500.
600. The house is a replica of Whit
tley Abbey in Yorkshire, England, of
Tudor Gothic architecture and is over
hundred years old. The interior is
of the Queen Anne period and the halls
and rotunda are decorated with bas-re-
liefs of men famous in art and history
The club has two golf courses-one
of eighteen and the other of nine holes
which were laid out by William
Horn, the South African golf cham
plon. There are five tennis courts and
the club is one of the few country
clubs that have accommodations for
both land and aquatic sports, as it is
situated on Milton Harbor, in Long ISL
and Sound
The president of the club is Mr.
Elbridge Gerry Snow. Tt the dinner
dance last night were 25o guests, to-
gether with the members Of the club
to the number of about two hundred.
Among the guests were Mr. r. Cham
bers Reid, vice president of the Cana
dian Club Mr.. H. S. Duncan, of the
Chicago Club Mr. Charles Ewing. OF
New York; Mr.. S. F. D. Allin and Mr.
?. J. Banker.
There will be ladies' golf tourna-
ment to-day, and tennis tournaments,
dinners and dances will be given to
morrow, Tuesday and Wednedav
New-York tribune., 1922-07-02
Mineola Circus Is
Postponed Because
OF avyDownpour
Racetrack Is Flooded by
Rainfall, Which Prevents
Fulfllment of Plans to
Opcn Society Affair

Fred Stones Wild West and Motor
Hippodrome had to be called off yes
terday on account OF the storm, but
will take place tom orrow afternoon at
the Mineoa Fair Grounds at 2:15
The original tickets will be honored.
The circus was scheduled to take
place "rain or shine" but nothing was
said about "cloudburst or shine; sc
at 2. o'clock yesterday afternoon the
committee, gazing at the drenched
Crandstands and the flooded race track
decided that the show must be post
porcd. Telephone messages we're sent
to all the ticket Offices in the city
which had been asked to handle the
last minute demand for seats, and the
Long Island Railroad, which had
cola, also put out notices of the post
ponement.
The performances tomorrow will in
clude all the features planned for yes
terday. Fred Stones troupe of twenty
young athletes will show off on buck.
ing bronchos, and band of youngsters
recruited from the fashionable Long
Island riding clubs will give mimic
Indian hold-up.
Twelve motor trucks, rigged up as
miniature stages, will bring twelve
rings to the sight of the grand
stand One will be equipped as a
prize ring, on which Pepper Martin
will have bout with Mickey Don
nelley, New Jersey lightweight. The
Lambs ring" will reveal coun.
musical farmers. The National Vaude
vile Association will present Miss
Bobbie Butler, with Mike, her trick
dog. Annie Oakley, the mari:swoman
will give her famous shooting act from
the old Buffalo Bill circus.
There was a near panic when the
rain swooped down on the Fair
Grounds. Girls and women in their
gay frocks, who had been busy in the
early morning trimming the grand
stand with bright bunting and laying
out decorative lunch stands with ho,
dogs and ice cream cones, rushed te
the stables for shelter. Keith's Boys
Band, with $50 hungry youngsters
present, arrived on schedule time fol
the circus and were able to relieve the
eatables, SO there was no waste there
at least.
The grandstand boxes will be occu-
pied tomorrow by a representative
throng Of Long Island residents, pa
irons Of the Occupation Therapy Hos
pital, in whose interest the circus is to
be held. Among them will be Mrs. c.
E. Auchincloss Mr.. F. w. Alien jr., Mr.
Edward F. Albee, Mrs. George F. Baker
Mrs. Myron Borg, Mr.. Courtlandt D.
Barnes, Mrs. Robert Bacon, Mrs. Sid
ney Borg, Mr.. H. P Bingham, Mr.. Cecil
Barrett, Mrs Nicholas Brady, MIR. R. ]
Caldwell, Mrs. j. Sergeant Cram, Mr.. c.
A. Coffin, Mrs. Boyard Cutting, Mrs
William X. Dick, Mr.. Joseph E. Davis
Mrs. H. P. Dawson, Miss Paula Ed
wards, Mr.. Ch'ds Frick, Mr.. Walter
Frew, Mrs. Julius Fleischman, Mrs
Robert H. Goodman, Mrs. Frank Gull
den, Mr.. W. R. Grace, Mr.. ]. N. Gum
and Mrs. Willard Straight.
New-York tribune., 1922-07-02
Burial at Sea Halted
By New York Samaritan
Fellow Traveller Lends $1,000
to Husband Of Aged Woman
Who Died on Liner

When the Italian liner Contc Rosso,
from Naples, was about 1900 miles east
of Sandy Hook on Thursday one of the
ships officers encountered on the
promenade deck Giuseppe Parascan-
dola, treasurer of a local freight-han-
ding company, and remarked that old
man Garadella, of Chicago, one of the
cabin passengers, was in hard luck
"What has happened to him?" asked
Parascandola.
The officer informed him that Cara
della's wife, sixtv-seven wears old, who
had accompanied him on trip to their
old home in Italy, had just died and
was about to be buried at sea.
Cant the body be brought to port
and buried in Chicago?" asked Paras-
candida.
The officer replied that it could, but
that the rules of the company required
a deposit Of $1,000 in cash to insure
payment for embalming and other in
c:ccrtals and that the aged traveller
could not raise that amount.
Parascando!a ven. at once to the
ships purser and paid the deposit in
cash. Then he sought the bereaved
husband of the dead woman and said:
II have fixed that matter for you. Your
wife's body will be brought to port and
buried in Chicago. Here is my card.
Don't bother about a settlement until
it is convenient"
New-York tribune., 1922-07-02

ing gallery and Mr.. Esmond O'Brier
will be in charge of the dancing Mrs
George Barton French and Mrs. Lyt-
Teton Fox will 60 by automobile to
Coney Island next week, with the view
to adding other attractions. Meetings
will hereafter be held every Friday
morning until the fair, on August 4.
Miss Katherine Mackay is passing
the weekend with Mr. and Mrs. Good
hue Livingstone jr., and her father
Mr.. Clarence Mackay, is at the sum
mer home of Mrs. Goodhue Livingston
over Sunday.
Mr.. and Mrs. Henry Lee Hobart will
have as their house guests at their
summer home in Easthampton for a
part of July and August Dean and
Mrs. George B. Myers, of Havana,
Cuba.
Mrs. Richard Newton, OF New York
and Watermill. is in Paris. where she
will be for the summer. Mr. Newton
is at their summer home in Watermill.
Mrs. Edward Van Ineen is enter
tanning Mr.. and Mrs. c. Ledvard Blair
and Mr. and Mrs. F. Potts Moore over
Sunday at her country home, The NAL
lows.
Mr. Royal stowell, portrait painter
of New York. will be the guest of Mrs.
D. H. McAlpin at her summer home on
Dunmere Lane, in Easthampton, over
the Fourth.
Mr.. and Mrs. Albert Herter and Mr..
and Mrs, Christian Herter, who were
in California fer the last several
months, have arrived at their summer
place in Georgia. Lake. Easthampton,
where they will be for the season.
Mr.. and Mrs. Edward johnson r-ve
New-York tribune., 1922-07-02
Rare Plants Win First
. Prize for Mrs. Clarkson
She Receives Award for Table
Decoration at Lcnox Garden
Club Exhibition
Special Dispatch to The Tribune

PITTSFIELD, Mass, July 1.-THE
first prize for table decoration at the
LenoX Garden Club exhibition was
awarded to-day to Mrs. Banyer Clark
son, who showed vase of nnthemis
and e smnll yellow Siberian wall
flower, which she secured at Suttons
tor the first time in Lcnox The table
was set with amber co!ored glass and
IN Irish lace table cloth.
For wild or cultivated flowers rr-
ranged for effect, Mrs. Carlos NJ. De-
heredia won first prize. First nrizc
for bowl Of flowers arranged for ef-
feet went to Mrs. Carl A. Degersdorff
First prize for basket of flowers was
awarded to Mrs. Giraud Foster.
Miss Mary and Miss Gertrude Par
sons had company Of thirty persons
for luncheon at Stonovcr to-day, the
guests including the Garden Club ex-
ccrtive committee and judges.
Dinners were given ut Great Bar
rington tonight by Mr.. and Mrs. John
II. c. Church for their daughter, Miss
Mary Church. and ,or Miss Virginia
Tichnor. whose engagements we're re-
Gently announced. Later the guests
went to the first ball Of the season
at the Wyantcnuck Golf Club.
Mrs. Thomas Denny and Miss Ade-
laidc L. Denny, Of New York. arrived
to-day at the Maplewood Hotel in
Pittstied for the season.
Mrs. George H. Earle jr., of Phila-
delphia Pa, is at the Aspinwall Hotel
in Leno*
New-York tribune., 1922-07-02
Osborn to Lead Upstate
Fight Against Hearst
Friends of Editor VIII Have No
Chance in Open Conference
Under Program
Special Dispaten 20 7ae yrtbun,

SYRACUSE, July William Church
Osborn, Of Garrison, Putnam County
will lead the attack on William Ran.
dolph Hearst at the meeting Ct up.
state Democrats here Friday. Neal
Brewster, chairman Of the committe C
that called the meeting received tele-
gram saying Mr.. OSBORN will arrive
Thursday when there will be confer
ences afternoon and evening"
The program for the meeting will
be outlined so that friends of Hearst
will have TO opportunity to mix things
up in the open conference.
MIR Osborn was Democratic candi-
date for United States Senator several
years ago and he was considered for
the nomination for Governor four
years AGO when The informal conven-
ticn at Saratoga Springs picked Smith.
Mr.. Brewster also received telegram
from Victor Riordan, Of Buffalo,
former Collector Of Internal Revenue
in that district, stating he will come
for the meetinp