davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-07-06
Cities Service Expansion Plans

The Cities Service Company has ap-
proved plans involving the expenditure
Of several million dollars on the prop
critics of the Ohio Public Service Com
pany, subsidiary serving the, north
eastern section of Ohio. The plans ap-
proved call for the construction Of
sixty-miIe, 130.ooo-volt steel tower
transmission line from Lorain to Mans
field, Ohio, and similar line fifty-five
miles long between Warren, Alliance
and Canton, where it will connect with
the system of the American Gas and
Electric Company, which now operates
large power plant on the Ohio River
In addition, the plans call for the in
stallation of a 20000-kilowatt turbine
at the Edgewater plant at Lorain and
new 10000 -kilowatt turbine in the To-
ledo Eduson Company plant at Toledo.
A new 10000 -kilowatt turbo-g generator
has been authorized for the Empire
District Electric Company in Joplin,
Mo-, together with other equipment for
subsidiary utility properties of the
Cities Service Company which involves
an additional expenditure of 81 100000
New-York tribune., 1922-07-06
In Wall Street

Reports OF the appearance OF salt
water in several wells in the Toteco
Cerro -Azul field in Mexico were be-
lieyed responsible for break of IL ~
points in Mexican Petroleum on the
Stock Exchange and g decline Of II
points in Mexican Seaboard Oil shares
on the Curb Exchange Officials OF
both companies did not deny the re-
ports. but belittled their Importance SO
far as the future oil supply Of Mexico
is concerned. }. Nj. Danzigcr, vico-
president Of the Mexican Petroleum
and Pan-American and Transport
companies, declared that the appear
ance Of salt water in ar oil pool was
not an unnatural or unexpected devej-
oprnent. "Salt water" he asserted,
Serves as the warning that the pool IS
approaching the end asa producer, but
we expect TO get quite bit of oil from
the ptol before it is finally through.
There is no special reason to view the
situation with alarm so far as the
Mexican Petroleum Company is con-
cerfed. This might be Of Importance
to company which has built its post
tion upon one pool, but Toteco Cerro-
Azul has produced some 1o0,Oo0,ooo
barrels Of oil and that is as much as
can be asked of any pool. The Mex.
lean Petroleum Company has plenty OF
production in other fields and the loss
from Toteco .Cerro-Azul, when it ~
finally through, will be Offset by other
production"
New-York tribune., 1922-07-06

cent. u a-o per
=. Eldredge 4 Co. are Offering s45o 900
City OF Manchester, N. H., 4 per cent
bonds, due serially July l. 1898 to 1919
inclusive, at prices to yield 4.2o per
cent, 4.l5 per cent and 4.10 per cent.
Ames, Emerich s. Co, Halsev & ca
and the William r. Compton Comnanv
are Offering to-day $41o 900 Decatnr
H., sanitary district an per cent
bonds, due serially May /, 1928. 70 1924
at prices ranging from 4.20 to 4 a.so
basis. The bonds are direct .obliga-
tion Of the Decatur sanitary district
which includes Decatur, III, and Am
siderable adjacent territory. The fnan-
cial statement OF the district: RenI
valuation, estimated, $4,000, 900: fotai
bonded debt, $850.0o0; population
1856.
The Bankers Trust Company. the
Guaranty Company, Dillon. Read & Co.
the William r. Compton Company and
Hannahs, Rallin g. Lee are offerinx 4
New-York tribune., 1922-07-06
Mexican seaboard oa,cia. Comments

In statement to stockholders Har-
ris Hammond, president of the Meg
lean Seaboard Oil. said that the welis
Of the company affected by the salt
water invasion in Toteco Cerro-Azul
are deep wells, from which the com
pany has been drawing heavily in an,
ticipation Of the fact that they wouid
be the first to show salt water, the
appearance of which was not unexpect,-
ed. "The wells affected" he explained,
"are offsets to the wells Of the Huaa-
tica and Mexican Gulf companies simi-
lar1y affected. and the three companies
have been drawing on the deepest
wells for the major part Of their re
ouirements. Eight other wells in the
Toteco Cerro-Azul field are unafecte
and. in Mr.. Hammond's opinion, should
produce large quantity of oil. Past
experience has shown that by reducing
the output of oil in which salt water
has made its appearance large guam
titv of oil can still be obtained from
those wells
New-York tribune., 1922-07-06
New York Metal Marker

Tin dull, with Straits and Straits
shipments quoted at 312500s1 *.
standard, al@3l.5oc and 80 per cent
so.75c asked Copper dull, standard
spot, July and August, 13.37hc asked
and electrolytic spot. July and August
l3.S7h asked. Lead dull. New yorI
spot, 5.80c asked, and East s. Iouis y
spot, 5.55c asked. Zinc firm; New p.I yorL
sp2t. $500. and East St. Louis spot.
New-York tribune., 1922-07-06
Offer $25,OOO,OO0
5l2 P. C. Ten-Year
Humble Oil Bonds
Issue Priced at Par; Will
Replace Equal Amount
of z z. c. Notes Called
tor Redemption Sept. Is

j. p. Morgan & Co. will to-day offer
at par S25,oo0,O00 of ten-year 51s per
cent bonds of the Humble Oil and Re-
ming Company, which will replace in
the petroleum company's financial
structure an, equal amount of ner
cent two-year notes, which mature ON
March 10, 1923, and which have been
called for payment on September 1b.
1922. The operation represents an at,
tempt by the company, which is in the
Standard oi! group. closely affiliated
New-York tribune., 1922-07-06

esnrough stock ownership with the
Standard Oil Company OF New Jersev
to take advantage OF the substantial
easement in the money market during
the last year. wing
1T is understood that the Standard
oil Company of New Jersey and Off
GERS GERS OF the company own so per cent Of
the common stock of the Humble oil
company. The called bonds will be re-.
ceemed at loo1s. The new obligations
VIII be callable during the first three
years after issuance at 10a and there
after at 1927.
New-York tribune., 1922-07-06
June Copper Sales

June sales of copper, foreign and
domestic, are estimated at around 140,
100000 pounds by interests in close
touch with the industry. This reflects
the let-up in buying that has been no.
ticeable recently and compares with
100000, 900 to 210,000,0oo pounds sold in
May and 100000 in April. The Cop
per Export Association and indeperd-
ents, it is believed, shipped abroad
last month between 60,000,000 and TO-
100000 pounds. On the basis OF the
June estimate total sales for the sec
ond quarter Of 1922 were in the neigh
borhood of 4sO,o00,oO0 pounds. or an
average rate of 16o,ooo,ooo pounds a
month.
New-York tribune., 1922-07-06
American smeltine Karnincs

The present outlook for increased
earnings Of the American Smelling and
Refining Company is distinctly favor
able, says President Simon Guggen-
helm in letter to stockholders
Gradual improvement has been noted
since January /. with prospect Of still
greater enhancement, according to Mr..
Guggenheim, who adds: Tonnage at
the company's lead plants has mate
rally increased, due to the rise in
lead: In addition to greater smelter
receipts from outside mines the COM
pany's ownership of Federal lead
mines in Missouri means a substantial
increase in profits generally. Renewed
operations of the country's copper
mines will be reflected after July / in
larger operations of the company's COP
per plants at Hayden. Ell Paso. Garfield
and Tacoma. The improved situation in
Mexico also insures better returns
from the company's properties there"
New-York tribune., 1922-07-06
1. & G. N. Plan Operative

The reorganization plan cf the In
ternational & Great Northern Railway
Company has been declared operative
by the readjustment managers, ]. &
W. Seligman & Co. and Speyer Co.
The plan, which was made public By
the bankers on May 30, provides for
s3s,s50,o and s7,5oo,OOO outstanding
capital stock. New working capital of
s4,000,000 is provided for.
New-York tribune., 1922-07-06

Barr Bros. G. Co. ard Remick, Hodges
q Co. are Offering new issue of $500
GOO Cortland County, New York, Als
per cent courthouse and iail bonds in
various maturities from 1923 to 1862,
inclusive, to yield to 4.10 per cent.
Barr Bros. & Co. are offering a new
issue Of $383,o0o City of Plainfeld. N.
j.. gold an per cent school bonds IN
various n,aturities, from 1894 TO 1852,
New-York tribune., 1922-07-06

new issue Of s2,oeo,ooo City of cleve-
land, school district AZ per cent bonds.
dated July I, 1922, and due 500 900
each year, September ], 1928. to Sep
TEMPER |, 1912, inclusive, at prices to
yield from per cent to 4.3S per cent.
New-York tribune., 1922-07-06
The Dollar In Foreign Exchange

Continental exhanges continued in
supply yesterday and declined sharply
despite the fact that sterling was In
demand and cable rates on London ad-
anced more than 2 cents in the pound.
New-York tribune., 1922-07-06
Money and Credit

There was slightly easier tone to
the Stock Exchange call money mar
ket yesterday. Following renewal
rate of Ak per cent, increased offer
ings of funds before the close of the
stock market carried the rate down to
per cent. The government will with
draw s4,50o,Ooo from this district to-
day.
New-York tribune., 1922-07-06

Bank Clearings - Bank clearings at
New York yesterday were: Exchanges,
sse5, 900; balances, $77,ooo,ooo.
Silver - London. s6Ad; New York,
domestic bar, 99%c; foreign, 71Nc;
Mexican dollars, 54Ac.
New-York tribune., 1922-07-06

ntMan Tn,a tpar "24o cents a paper milreis)
=, 9s1ies ssI .:...l5.75 1875 1075 10
Ehu tpar $4sf a round)
SnecRS 4.10 4l0 aA7
EEDApoR tpar 4s so cents a sncre)
1neGKs ,',:....?14 Al 2747
NHiIiE tpar &6.5 cents a peso)
Gneeks e........12.S0 IL 65 1o7s
1Eo1LA1 tpar lo2.42 cents a peso1
:, Shecks ,,1s ;.....s0.1ea S037b sa-5
'ENEZuELA fpar 7s.a cents a BOLIVIA,
ChecAs .....N 1855 1898 "a %
Canadian Exchange--New yar,, -,,,a. T.,
Montreal, ll-e+ per cent premium. MonirsaI
ionas In New York. per cent discoun, co
Nominal. "'Seouht.
New-York tribune., 1922-07-06

cent. Per
The Connecticut labor news., 1922-03-10
R. R. GUARANTEE
 ENDED ON MARCH l
But Nevertheless Roads Will Con tinue to Collect Through
 I. C. C.

Washington, March 1o.-The sec ton of the Cummins-Esch act, which guaranteed returns to railroads, ex- pired on March I. This guarantee called for 5H per cent. return and an additional one-half of I per cent" for improvements,
 Under the act this guarantee IS re- placed by another provision which re- quires the interstate commerce com mission to make rates that will give railroads a reasonable return on the value of their property.
 The only difference between the two provisions is that under the sec- ton that has just expired the com mission was specifically authorized to limit railroad returns to 5H per cent Under the section now effective the returns are not defined, but the com mission must make rates that will make reasonable return" possible.
The Connecticut labor news., 1922-03-10
ABANDON EFFORTS
 IN TEXTILE STRIKE
Second Attempt to Bring Arbitration Fails When Neither Side
 Accepts.

Providence, March 1o-For the second time since the Rhode Island textile strike began, more than six weeks ago, the state board of media ton and conciliation has abandoned attempts at settlement of the strike and adjourned indefinitely. A state ment issued by Labor Commissioner George H. Webb, announced that that body "considers it useless to make further attempts to persuade either side to submit to arbitartion."
 A little more than a week ago the board gave up first attempts to settle the strike. On Saturday the board met again in what was announced as a final effort at mediation. A plan was drawn up providing for 10 per cent wage reduction instead of the 20 per cent. asked by mill owners, and for retention of the 48 hour working week in the mills, instead of the 54- hour week proposed by the manufac- turers The statement issued by the board was taken as indicating that those terms were not acceptable to one or both of the interested parties
 The collapse of the latest move towards arbitration gave rise to rumors that number of textile mills would attempt to reopen shortly un- der police and military protection.
The Connecticut labor news., 1922-03-10
INCORPORATION
(Continued from Page One.)

ing 1t, I was doing so as friend, not as an opponent, of labor unions I be- 1ieve in them. On the whole, they are benehclent institutions. Their chief value is that they carry down from one generation to another the lessons of ex- perience. Our workingmen know noth- ing of history. They can only learn by their individual experience, which dies with the individual. Hence the desira- bility of associations which will keep alive the memories of experience, in- cluding failures of devices which at the moment might seem to be, but which had turned out not to be, expedient. The trouble with our labor unions is, like all other associations of men, in the state, in the church or in business, they are run by fallible men. Clothe any man, or set of men, with power, in state, church or business, and they are sure to abuse their power. Hence the neces- sity for chcks and balances We have such in the state, and to a limited extent in the church. We must also have them in business associations. Power must be restrained by responsibility. Re- sponsibility to the law of the land
 Twenty years ago, as counsel for a union of unskilled labor men, who were said to be lawless in their methods, 1 Was WdlIed OH Dy d COHllIUtee, WHO stated that they were revising their con- stitution and would like me to make suggestions. I replied htat l would make one that no strike could be suc- cessful unless public opinion was in it's favor, that public opinion would not countenance any injury to person or property during a strike; therefore such injury would be detrimental to the in- terests of the union, and so should be punished by the union. I did not know but that those rough men would walk out of my office in high dudgeon. On the contrary, they said they had learned this by experience, and would I draft such clause for insertion i'll their new constitution. l drafted one: Injury to persons or property during strike be- ing detrimental to this union, any me1n- Der who is guilty thereof shall be pun ished by expulsion, suspension or fine. ;" It was adopted As counsel to union of skilled laborers, I gave them this
The Connecticut labor news., 1922-03-10
MEIRDEN
(Continued from Page One. )

contractor comes in, does work and beats it. He gets no permit, asks no questions, and the inspector knows nothing about it. Being part time, he will not be on the job
 "IVhat benefit to a builder is part time inspector? What builder that is failing to live up to the code is going to request the part time in spector to come and look his job over? With a full time inspector he will not know when the inspector is coming hence he will do a better grade Of works Section 376 provides that electrical work shall be inspected within two working days after notice that work IS ready for inspection. Under part time inspector plan one can readily see that this extreme ly important branch of building work IS going to get, not an inspection, but a general once over, if 1t gets that.
 "Contractors should not be required to furnish transportation for the in spector and that is what happens in this city today, it is time to get down to carrying out the code or scrap it"
 The Building Trades Council and Central Labor Union intends to go the limit i'll the matter and to that end IS starting an energetic campaign through The Labor News to bring to the attention of every labor man in Meriden the real facts in the case. The matter of securing subscriptions has been placed in the hands of competent committee and 1t is ex- pected that every Labor man will soon be reader of the paper and that when their representatives go to Hartford next session and are asked how they know they represent Labor they can answer by facts and figures.
 Organized labor here also intends to get right into the political game with both feet. It has at last come to realize that the bosses and financial interests are closely aligned with poh tics and have been using them to their advantage and that it is time Labor did the same. Labor, they admit, may not be so we'll able to write, double reading laws, but that would be a benefit to the country, it is contended.
 Sheet Metal Workers Union, Local 3o7, held an enjoyable get-together meeting in Trades Council Hall on Wednesday, night. A fine program of entertainment followed a brief busi- ness session, every bit of which was thoroughly enjoyed.
The Connecticut labor news., 1922-03-10
WOOLEN co. PROFITS
 $2,337,362 LARGER

Springfield, Mass, Mar 10. - Net profits of $o,Io2, ,62I.78 for the year ending December 3I, 1921, as com pared with profits of $6,855,25oI8 for 1920 were reported in the statement of Treasurer William H. Dwelly of the American Woolen Co.,, in the an- nual meeting of the stockholders here Tuesday. Dividends amounting to $5,0oo,ooo equally divided between preferred and common stock, were declared or $2,8oo,ooo each for pre- ferred and common. In 1920 the pre- ferred dividends amounted to S2,8oo,- 900 while the common stock divi- dends were $I,o83,33333, making the total dividend $4,783,333.33
The Connecticut labor news., 1922-03-10

It IS diSquieting to be compelled to believe that those Americans who loy- ally served their nation in its hour of distress are shut out from all consid- cration by its government, while those who footed and robbed are petted and pampered and given genrous subsidies and permitted to sit in high places and dictate the policies under which the people must live.
 But that is what has happened during this last year.
 The railroads, which skulked and en- deavored to defeat the war plans of the government, have been taken to the presidents bosom and treated as though they were returned prodigals.
 The thieving shipping outfit, having stolen everything that was loose, IS to be admitted to the treasury by the front door and there permitted to further gorge itself at public cost.
 And the crippled soldiers, sitting in the galleries of Congress, were witnesses to part of this disgraceful betrayal.
 They heard the president, who told them that they should be satisfied with the honor of the service they gave, rise to his full height and plead for crooks and grafters who would today be i'll the penitentiary if justice had not been top pied from her throne.
The Connecticut labor news., 1922-03-10
BAKERS
Continued from Page One.)

ials has reached but 10 per cent, hav- ing a net less of I2 2-o per cent Over against this contention. is that of the representatives of Union No. II, who submit that there has been a 30 per cent. decrease in the cost of bread materials and an IS per cent decrease Tn the selling price of the loaf, leaving a net gain I2 per cent. to the pro- ducer. This contention of the repre- SentativeS of Union No. II IS met by the representatives of the Master Bakers association with the argument that the 30 per cent. decrease, effect ing only the materials of the loaf, connot be applied to the overhead ex- pense which, they contend, consti- tutes one-half the total cost of the loaf. In answer to this, the repre- sentatives of Union No. II that the cost of production was figured, for example, when the wage paid the drivers of the bread wagons was con siderably higher than at present.
 spokesmen for the Master Bakers ble to increase the present selling price of bread and compete with out side makers of bread such as the Ward Baking company. The justice of this contention seems obvious and the effect which the sale of the Ward company's product might have upon the wage paid members of the bakers trade in New Haven, should be called to the serious attention of all buyers of bread.
 Sixth: Ii was affirmed by the rep resentatives of the Master Bakers association that there are signs of an increased volume of business. These signs are slight, but noticeable, and offer encouragement. This condition helps to confirm your arbiter in the opinion that no great reduction in the present wage scale is necessary dur ing the life of the present contract, and that any reduction that may be necessary now might properly be con sidered temporary one only.
 Settlement Just and Fair.
 Seventh: In the light of all these circumstances, it seems to your arbi- ter that just and fair settlement of this issue can only be made by the willingness of both parties to share the existing conditions have made. Your arbiter, therefore gives it as his decision that Union No. II shall accept a 10 per cent. reduction i'll the present wage scale and that this re- duction shall date from the sixth day of March, 1922.
 "Y our arbiter counts 1t both a priv ilege and an honor to have been chosen to make the final decision on this issue between the Master Bakers association and the Bakery and Con- fectionery Workers International Union, No. II. He has endeavored to make a just and equitable decision in which the best interests of a group of fellow citizens united in the pro- duction of a necessary commodity would be fully preserved"
The Connecticut labor news., 1922-03-10

advice: that every workman falls into one of three classes, skilful, ordinary or poor that 1t was all wrong for a poor
 workman to receive the same wages as a skillful one; that if the unions would not consent to be graded by their en-
 ployers they should grade themselves. This counsel was not palatable. l am persuaded, however, that the unions will sooner or later be forced by public | opinion so to grade their members. There Is no incentive now to be a good workman. The most money for the least work Is at present the ani1nating motive of the unions. They reason that inefficient work begets more work. Hence the inetficiency of the hour. This is killing the goose that lays the golden egg. It must come to an end. Right Is not forever on the scaffold nor wrong ofrever on the throne. The working
 man must regain his pride in his job" The skillful workman earns
 more than the DOT one. He is en- titled to higher wage. This is one of the alWs of industry. II cannot be done away with. It must be obeyed. Public opinion must be so influenced as to- compel the unions not to hout it.
 The proviso above referred to is that the state has no visitorial power over voluntary associations. The courts can only exercise their visitorial power 1n a suit against the association by one of its members. If he is quiescent, nothing can be done except to proceed cri1ninally against individual members who have violated the criminal law.
 The remedy for this casus omissus IS not to compel incorporation, but to give the state visitorial power over the un- incorporated. The defect of most re1ne- dial statutes IS that in seeking to do away with one evil they usually create new ones. It would be a gr;evous bur- den on labor unions to compel them to incorporate. It Is entirely unnecessary. A short simple enactment would be eff cacious, without producing any mis- chief.
 All that is needed is an amendment of the laws as to general associations, Ill which voluntary associations are now classed. Amend that law by adding clause that, ''in the event that any gen eral association shall engage in or coun- tenance a violation of the law, the at torney general may institute an action for its dissolution"
 In every union there are good men, as well as bad, The good men are in favor of law and order, but are sometimes out voted by the bad or misguided. Such an enactment would put the power of the state behind the law-abiding mem bers, and afford way to bring the evil designs of others to naupht
The Connecticut labor news., 1922-03-10
CLEVELAND JUDGE
 WON'T FINE HIP
 POCKET DRINKERS

Cleveland, O., March 1o.-Police Judge Sawicki has refused to fine any of a score of men who were ar raigned before him, arrested over the weekend when found carrying pints or half pints of whiskey in their hip pockets.
 Many respectable people carry a little around with them," Judge Sawicki said. '1t's not against the law and 1 cannot see where an of fcer gets the right to search them. Where person. is known to have gallon or more it may be proper to arrest him. But when it's so small 1t can be carried in the back pocket-that's different"