davidaulloa/AmericanStories huggingface dataset:
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-13

former president OF r rttiicts AoAA9AAS az
cepted the French premiership tonight
He succeeds Aristide BRAND, who re-
signed yesterday.
!. PARIS. Jan. I3.-RaymOnd POincare,
) FORMER president of France, who was des-
ignated by President Millerand to form
q new ministry to succeed the resigned
BRAND cabinet, was unable to complete
his task today. After a fOrty-five-minute
conference with President Miuerand, M
Poincaro stated tonight that he could not
announce the formation of cabinet.
NJ. Poincare had met with difficulties
in securing ministers, but he was stih
comforting with both friendly and hostile
eruups in parliament in an effort to
create a government suitable TO the
various factions
NJ. Pofncare refused to say whether he
would confer with Premier Lloyd George
in Paris tomorrow.
PARIS, Jan. 13.-Raymond Pofncare,
former president of France, who was
designated by President Millerand to
form a cabinet to succeed the resigned
BRAND ministry, was engaged today in
an effort TO create a strong nationalist
government which will exercise a policy
Of the utmost sternness toward Germany
NJ Poincare was engaged in confer
ences with political colleagues through
out the morning. He went to the Elysee
Palace this afternoon to report to Prcsl-
dent AIillerand.
CABINET SLATE
SUBMITTED.
As N. Poincare went into conference
with President Aillerand it was reported
the cabinet slate virtually was as fol
lows:
Premier and Foreign 8finister-Ray-
m0nd Poincare.
Justice-M De Selves or NJ Raiberti.
Interior-General Maunoury.
Warn. Magnet.
Marine-M. Landry.
Financial De La Steyrle,
Francois Marsal.
Public Instruction-M. Beraud.
Agriculture-Jean Durand.
Colonies-M. Sarraut.
Pubic Works-AL lie Troquer
Iabor-M Darriac, NJ. Jourdaiau, or
NJ. Colrat
Opposition to the proposed Poipcare
ministry already has been expressed IN
the radical Socialist group in the Cham
Der of Deputies. The Democratic left in
the Senate decided that none of its mem
bers should enter the new ministry
1t was understood the Premier
Designate planned to retain two e1-
minister's one Of whom Is Minister Of
Colonies Sarraut, acting head Of the
French delegation in the Washington
conference.
POINCARE TO TAKE
OVER TWO POSTS.
NJ Poincare himself proposed to take
over the two posts Of Premier and For
eign Minister.
Poincare has been one Of the most con-
sistent leaders of the French political
faction, demanding: =
Strict execution Of every clause Of the
Versailles treaty and subsidiary docu-
ments by Germany.
Further military occupation Of Ger
many il the Berlin government defaults
in its indemnity obligations.
\ receiyership for Germany with an
allied control commission in Berlin if
Germany fails to make the indemnity
payments due this month and next.
close alliance between France and
Poland.
Refusal by France to recognize the
Moscow soviet government unless IL
Continued on Page Two)
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-13
WEATHER

Forecast for indianapolis and vicinity
for the twenty-four hours ending at I
p. m, July II. 1922:
Generally fair and colder tonight; low
est temperature about Is degrees. sat
urday fair
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-13
ATTORNEY GETS DIVORCE.

ATTORNEY GETS DIVORCE.
Judge Pro Tenn. Russell Wilson in
Superior Court. Room 2. today granted
a divorce to Alfred n. Cave, a local at
torney. from Sarah e. Cave, on grounds
of infdelity.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-13
Is ENT0VHBED BY PENNS VI vAlN|A CAvE-I|
Convicted Bandit Aids in
Recovery of $1,325 Stolen
From Beech Grove Bank

One thousand three hundred and TWEEN
ty-fiye dollars Of the $4,000 in cash and
Liberty bonds which were taken by
bandits from the Beech Grove State Bank
Sept. 8, was delivered today in open court
to Judge James A. Collins by Capt Claude
NJ. WorIey, special Investigator for the
prosecutors office, who recovered the
money in 4 barn in West indianapolis
after Glenn Stout, one Of the convicted
band bandits, had revealed its hiding
place.
Mr. Worley and Sheriff George Snider
were taken to a barn in West Indiana
polls late yesterday by Stout, who had
Eeen brought to indianapolis from the
Indiana State Reformatory to reveal the
hiding place Of the money.
Mr. Worley did not give the exact To-
cation Of the cache, bat stated that 1t was
secreted in n barn in West Indianapolis.
The money was wrapped in newspaper
and was in five, ten and twenty dollar
bills.
The money was placed in the barn a
few days before Stout was arrested last
fall. 1t is thought Stouts share Of the
bank loot exceeded $4,000
After producing the money in court,
Mr. Worley turned it over 20 the bank
authorities. At the same time the $4,000
bond Of Mrs. Erma Stout. the bandits
wife held in Jail on q conspiracy charge.
was reduced 10 81 900. It is expected she
Will be released as soon as bond can be
obtained
STOUT BROUGHT TO
CITY THURSDAY.
stout WAS brought from the reformato-
ny at Jacksonville by Norley and Sheriff
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-13
POINCARE PREPARES
CABINET SUBJECT TO
MTLLERAND APPROVAL
New Regime to Exact
Full German Repa-
ratiOns.
STERN IN POLICY
Former French Presi-
dent to Hold Two
Posts.

PARIS, Jan. 1S.-RaymOnd Poincare'
former president Of France, formally ac-
cepted the French premiership tonight.
He succeeds Aristide BRAND, who re-
signed yesterday.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-13
THE WEATHER

Generally fair and colder tonight.
Saturday, fair.
The Washington times., 1922-12-29
FINANCIAL COMMENTS
BY w. g. Cousins.
copyright. 1872. by Cosmopol,tar
Newa Seryicel

NeWe SeTNlCe.D
NEW YORK. Dec. 29.-Except In
what are termed cash sales, losses
established on stocks traded In today
will not be reported in this years &C.
counts, but must be included In 1929
records. There are no regular
clearings on Saturdays and there.
fore stocks sold today cannot be put
through the regular delivey chan.
nels until Tuesday OF next week.
With the possible exception OF the
first two weeks in December. tax
loss selling was not a prominent fac
tor in the year-end market. II must
be remembered also that there has
been buying as well as selling to es.
tablish losses, for those who were
short Of the market at the low prices
prevailing earlier In the month would
need to cover their short commit.
ments In order to even up taxations
before the end Of the year. No doubt
the skyrocketing tendencies Of some
OF the big market leaders was d.
reotly related TO this covering
process.
Some uneasiness has been caused
In the financial district by tho un.
certain developments abroad in this
last week Of the year. Interna-
tional bankers have their cars close
to the cables in order to keep
abreast OF developments. The dis.
patching Of the British fleet to the
Dardanelles, the recognized failure
Of the premiers' conference in Lon.
don, the throwing down of the
sauntlet at Lausanne by the Turks,
and the call for another vote of
confidence In the French senate.
together with the seeming differ.
ence OF opinion that prevails at
Washington with regard to all these
problems. are factors that cannot
be ignored.
Reviewing briefly the American
financial situation from the first
part Of 1917 to the present time
ana covering fully the American
war and postwar period. the Fed.
eral Reserve Board characterizes
the four years from the beginning
OF 1917 to the end OF 1920 as a
period of war initiation: 1921 and
the first half OF 1922 as one Of
loan liquidation and the second half
OF 1922 as one Of gradual recovery.
Both the Federal Reserve banks
and their member banks are now
in a healthy and liquid condition,
ready to give every possible assist
ance to the business and Industrial
enterprises Of the country.
II the balance Of the 300 class I
railroads report their November
earnings in the same proportion as
the first twenty, the net operating
income for that month will he
about IS per cent In excess of the
same period last year. The Amer.
lean Railroad Association is now
reporting loadinss OF all revenue
freight at the largest figures on
record for this time OF the year.
Particularly heavy Is the movement
OF agricultural products. which 10
said to he the greatest for the fall
season In the history Of the coun.
try.
The Washington times., 1922-12-29
WIRE TROUBLE
CAUSES DULL
MARKET
Stocks inactive and Irregular
In Early Trading as Wire
Service 10 Interrupted.
BY w. 8. COUSINS.

(Copyright, 1879. by Cosnio politan
News ServiceD
NEW YORK. Dec. 29.-The stock
market was both inactive and irregu.
lar in the first period today. the most
pronounced feature being the heavy
volume Of cash transactions made to
record actual losses against income
taxes. The bulk OF this selling was
In the railroad and industrial de-
partments. the oils and motors,
which are now at or near their high
prices for the year. being coppara-
lively exempt. Interruption to the
wire service was responsible for Q
good part Of the reduction In the vol.
ume OF business brokerage houses
reporting their wires between New
York and Chicago at only about 50
per cent normal. Cash sales were In
smaller volume In the second hour
and q slightly higher range of prices
prevailed, especially In the motor and
oil stocks. The market showed no
tendency to broaden out in its ac.
tivfty. however, and stock sales were
small in comparison with recent SEES
sions.
cheerful prospect for the rail-
ways was presented by the Ameri.
can Railway Association in it's state.
ment that present loadings of agri-
cultural products are the largest in
the history OF this country. General
traffic In December OF this year Is
also establishing new high records.
The copper trade indicates that sales
for the red metal for December will
be larger than for any other month
In 1922. Most of this copper has been
SOLD on a rising market, as the metal
Is now quoted at lax cents, nearly
cent higher than a month or two
ago.
Oils Advance.
The oil stocks were the first to
forge ahead In today's market.
Producers and Refiners selling up
two points at so: California Petro.
leum advancing N TO 664s: Pacific
OH, Ia TO - Y Cosden and Sinclair
about one point higher.
Studebak.r's rs per cent stock
dividend was marked off today,
making Its market equivalent about
NV. 1t sold at that price in the
first hour. but advanced to ll2Y
before the noon period. The other
motor stocks were steady on
small volume OF sales.
Special movements included the
advance Of Pond Creek Coal to a
new high at 39A: Endicott johnson
TO SO; Coca Cola 3 points to 7Sir;
Pere Marquette . points to 3Sa,
Baldwin lost at the ooening. but
recovered nearly 2 points. and
United States Steel was always
practically above yesterdays close;
North American Company registered
a new high at 102A.
The posted rate on call money,
loaning and renewing was 5 per
cent, an increase to 5ia per cent
at noon.
The Washington times., 1922-12-29
Chicago Live Stock.

Hogs-Receipts, 81 ,0C0; market 25c
lower; bulk. S.00GS.25: top. S35;
heavy weight. S.10GS.25: medium
weight, S.15dS.25; light weight. 500
@S.30: light lights. s.20mS.35; heavy
packing sows. smooth, 740G7S5;
packing sows. rough. 7.10@7.35: pigs,
7.75@S.10.
Cattle - Receipts. 5000: market
steady. Beef steers - Choice and
prime. 12.00413.00: medium and
good, 9.00@11.O0; good and choice,
12.00@13.0O; common and medium,
7.50Q11.00. Butcher cattle-Heifers,
6.00010.0O; cows. 4.0OGS.O0: bulls,
3.50Q7.00. Gamers and cutters
Cows and heifers, 2.5OQ3.75; Gamer
steers, 4.00@6.00. Veal calves night
and handy weight. 1O.O0d11.5O.
Feeder steers, 5.50QS.00; stocker
steers. 5.00d7.75: stocker cows and
heifers. 3.5o05.25; stocker calves,
5.OO@720.
Sheep - Receipts. 5000; market
steady. Fat lambs. 14506l5.25:
lambs, culls and common. 1000
1900; yearlings, 11.00n13.50 weth.
ers. 7.50@9.50; ewes, 7.0098.25; ewes,
culls and common. 2.50Q 500; feeder
lambs, 13.5OM14.50.
The Washington times., 1922-12-29
Local Wholesale Prices.

pss.--s,r,etly fresh: :.ieetsd etc.,, S.ndiss; 4
lsc: Southern. tbc; cold storage. so0s2c.
Live PouItry--Roosters, per H.. lac,
turkeys, rer lb., IS: spring chickens.
per 10. ,ieasc; keats. young, each. 90;
I,iy. stock--ca,ves. choice, per ID,
1stc; lambs. choice, per ID. isc; live
Dressed Pouitry-rresh-k killed spring
chickens. per 10. 2767sc; hens. per H.,
per 10. 3b9 4oc: keats. youn. each, TOO
500.
Green rruit--Appies. pc. .sei., si.7sg
$50; per bu basket, 7sc0SI.oe; call.
f.1n, sms.. Tssnss S:I sc. To To.sS s si.pstsS,
Ss.oo8s.fs: tanserinss. ii.So9ISo.
yss;as5.'r0.:sSe, eS r.r .:ss ,ssoi,r .ss.i ss.
pss,Se' MSs,s ~ ss, c's..,s s..r. ,1ssSSssss
kaie, per bbi., 81, 90 6l.75I lettuce. 1i,soe
f..s; peas, 5000 9T,bo per basket; celery.
per dos,, ti.ooG1 .fbi ssobsGe. NORTHERN,
N.7sds.se; eGgplssts, per crate. 5000
40 ,cms,c.', per be-. boz. EioriSs' Eior,Ss' SsS
t.eei spinach. per bsi.. e3.eoosta
The Washington times., 1922-12-29
BOND PRICES
SHOW GAIN
IN 1922
Maturities Of Industrial Bonds
In 1923 Estimated at
$2oo,ooo.ooo.
BY MUNROE ROBERTS.
1922, by Cosmopolitan
Newa SSryiceD

NEW YORK, Dec. 29.-When the
postal savings department was
under contemplation. a good deal
of criticism was forthcoming from
bankers and others who figured
that the facilities offered by the
postoffice would compete quite
strongly with the saving banks Of
the country. As a group, the
bankers were quite emphatic In ex-
pressing their disapproval Of the
propect and even in attempting to
block the legislative approval of the
plan. Subsequent developments,
however. have shown that their
fears were groundless and that the
new Government system. far from
interfering with their business, was
actually an aid TO them.
The same might be said OF the
Governments thrift savings and
war stamps system, which has
been beneficial in many ways.
There is no doubt that good por.
ton of the proceeds of the ma,
TURTLES of the war savings stamps
will find their way into the savings
bank.
Turning to the department Of In.
dustrial bonds and their maturi.
ties during 1928. II is estimated
that the total OF maturing indus.
trial securities this year IL little
In excess Of 100000. This is slight.
ly below both the 1922 and 1921
totals. While some OF these bonds
will doubtless be paid off during
the coming year, the larger portion
Will be taken care of through the
refunding process. that In, by the
issus nee OF new bonds through the
medium OF the banking syndicates.
Corporations whose bonds have
been running for long period and
therefore bear low coupon will
probably be compelled to face a
larger expense In their refunding
will prevail. On the other hand.
pons. say and 8 per cent. will
find the 1928 money market more
favorable to them than when the
bonds were put out. Among the
largest 1923 maturities are $50.
900 900 Bethlehem Steel per cent
notes, due July Is. and Sears Roe.
buck and Company 1000 900 in
I per cent notes, due in October.
Reviewing briefly the course OF
bonds prices over the past wear. II
will he seen that in every division
OF the market. prices closed tn. year
higher than they started II. The so.
called peak points were in April and
September and the irregular periods
June and November.D December. The
Dow-Jones compilation OF averages
shows that the ten highest grade
rails gained 2.74 points this year;
the second grade. or speculative
rails, $50 points; the public utility
500 points: the industriala. 643
points. while tho combined average
was 5.26 points higher than at the
beginning of the year. In the specu.
lative bonds the spread between the
high and low prices for the year
has been as much as 25 points.
The Washington times., 1922-12-29
Reserve Banking.

Federal Reserve developments in
1922 present a marked contrast to
those of Immediately preceding
years. From the beginning Of
1917 to the end of 1920, borrowings
from the Reserve Banks increased
rapidly in response to war and
postwar conditions; 1921 and the
first half OF 1922 was a period Of
loan liquidation, accompanied by
q rapid reduction Of Federal Re.
serve note circulation and ty
heavy imports of gold BY the sum-
mer Of 1929, liquidation had run
its course; production began to in
crease nearly a year earlier. prizes
started to rise at the beginning OF
the year; and these developments,
together with the credit and cur.
rency demands Of the crop. moving
season, followed by the needs Of
active holiday trade. were reflected
in increased borrowings from the
Reserve Banks. During the past
year credit liquidation. which had
lasted for over eighteen months,
came to an end, and the last quar-
ter witnessed increased loan ac' ,ity
both at member banks and at Fed.
eral Reserve Banks. The condi-
ton of Reserve Banks at the end
Of 1922, consequently, shows rela.
lively little change from the begin
ming of the year.
The Washington times., 1922-12-29
Chicago Grain Market.
Furnished by Redmond a CO

CHICAGO. Dec. 2s.-with the ex.
ception OF December corn, grains
opened lower today with an ap.
pearance Of weakness. A lower
opening at Liverpool for wheat was
An influence. There, wheat was
down y pence to Y pence at tho
start. At 2 o'clock II was Y pence
TO pence lower. Opening prices
here were: wheat - December,
s1.2S&: May. s1.24L OK; July S1.14
az.
Corn-December. 7s8k cents;
May. 71k6b cents: July. 719k
cents.
Oats-May. 4kk az.
The Washington times., 1922-12-29
Increase Capital Stock.

Stockholders Of the District Guar
anty Corporation, at their regular
annual meeting held yesterday In
Alexandria. authorized an increase
in the capital stock of the company
from $250.00O to s1,250,000. recon-
mended by directors at their annual
meeting on December IL last. The
company will take immediate steps
to effect this increase, which will
aggregate 10000 shares of s per cent
cumulative preferred stock, of 800
par value. and a like number Of COM
mon shares of no par value.
The Washington times., 1922-12-29
Foreign Exchange.

NEW YORK. Dec. 2s.-Openine
foreign exchange:
Sterling, demand. Assn; cables,
463a: French francs, demand
.0725is; cables. .0726; lire, demand
.0505h: cables, .0506; marks. .0137
guilders. demand. $3.50: cables
1893; Belgian francs. demand
.o666is: cables, .0867; Czschoslovak K
kronen. demand. .0313: cables. .o315
Swiss francs. dema nd, 1889; cables
1891: pesetas, demand. 1863: cables
1870: Sweden kronen, demand. 1881
cables, 1885: Norway. demand
1885: cables, 1890: Denmark. de-
mand. .306s: cables, .2062.
The Washington times., 1922-12-29
BANK TAX BILLS
APPR0vEDBY
SENATORS.
One Permits States to Levy on
National Banks, and Other
vaIidates Past levies.
BY HARRY GUSACK.

The Senate Banking and Currency
Committee has ordered a favorable
report on a bill to amend the ma
tional bank act, changing the rule
Tor State taxation of national banks
TO provide that taxes imposed on mn.
tional banks shall not be at a greater
rate than is assessed upon other
money or capital employed in the
business of banking.
Another bill was ordered reported
to validate certain taxes collected
from national banks by the States in
the past. which stand in danger Of
invalidation as a result of a recent
decision OF the Supreme Court ia a
Virginia case.
The Washington times., 1922-12-29
Liverpool Cotton Market.

LIVERPOOL. Dec. 29.--Cotton,
fair; spot demand. prices easier;
sales. 1000 bales.
American middllngs. fair, 1886
good middlings, 1929; fully mid
dlings. 1921: middlinss, 1915; good
ordinary. 1436: ordinary, 1906.
Futures opened quiet
The Washington times., 1922-12-29
Local Stocks.
SALES.

SALEo.
Capital Traction SIS. $2,0o0896h,
s2.oOo@ssA. H.poO@ssH. $4,000
s6k.
Washington Railway and Electric
As. s1.OoO07s.
Potomac Electric Consolidated 90.
81 .ooo@ss. 81 ,ooo@se. $1.ooO9sS'
81 ,00o696. Sl,0009ss, $1,00o@s6,
81 ,OO0996. $1.0009S6h, S2,o0O@
96S. 81 .ooO@s6h. $l.ooo6ssh
81 .0o0@ssh.
Potomac Electric q. and Ref. U.s.
81, ,O000l07
washington Market Gold Storage
SIS. 31.500@s6.
Capital Traction. 6@10Sh.
Washington Railway and Electric
common, 10@6Sh.
Washington Railway and Electric
preferred, 1Q75.
American Savings and Trust
Company, 5@2s0h.
Mergenthaler Lintoype, 10@174.
AFTER CALL.
Washington Railway General es'
81 ,00O@99A.
Washington Gas Light. 2o95s,
20@5s (cash); 1095sh. l0qoSh'
1O@5s1s. 2036sh Gesular).
Washington Loan and Trust COM
pany, 2Q320. 109320.
Capital Traction, 8S9i03h:
Georgetown Gas SIS, $600a9o.
Money-Call loans, 616 per cent
The Washington times., 1922-12-29
BUSINESS AND FINANC t#HaM%S
Curb Stocks.

Furnished by W. b. Hibbs & Co.
Prices at noon,
The Washington times., 1922-12-29
Liberty Bonds.

CFurnrs-.d By W. B. Hisbs & Co. J
The Washington times., 1922-12-29
Extra Dividend.

Directors OF the Washington and
Norfolk Steamboat Company. at a
meeting held yesterday. declared an
extra dividend OF per cent, payable
January 1.
The Washington times., 1922-12-29

sExAividend.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-08-22
Fair Treatment
Employees Means
Industrial Success

Boston, Aug. 21-Survey commit
tees OF the Unitarian Laymen's
League, investigating business con-
Germs in IS states and in Canada in
which industrial harmony prevails
and conflict is unknown, have COM
pleted their reports Of $50 surveys,
covering both the very largest in
dustries and also many which though
small are representative. and the
zone outstanding fact which exists
In every single case" was announced
by the League as follows:
THE managers have acted upon
their consciousness that all who work
In their organizations are fellow hum
an beings-brother~ and the spirit
OF the managers is also the spirit of
the great majority of the workers.
1.-The Unitarian Laymcns League
is not equipped to make a complete
canvass Of all the concerns in the
United States ana Canada in which
industrial harmony prevails, but GER
tainly the fact that. in every case
reported. success in business and in
dustrial harmony have gone hand in
hand with action based upon the
principles Of mans brotherhood with
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-08-22
lnexeusabIe and DastardIy


The trainmen who deserted their
Santa Fe System have been guilty
not only of an inexcusable but a das-
tardly act. 1t is ineXcusable because
railroads have a right to protect their
property against damaging trespass.
and to strike fo.' III a cause is
merely a wanton hunt for trouble
It is dastardly because mail and pas
sengcr trains were dropped where
ever they happened to be at the quit
ting moment. and in cases remote
from towns in the bl 'tering Arizona
deserts, where passengers would GER
tainly be exposed to much suffering
and possibly to loss of life.
These trainmen are all members of
the Big -Four" railroad hrotherhoods
and last of all from them among Ia =
Dor unions had the country been led
to expect such conduct.
1t would seem to he high time for
the chiefs Of these fer brotherhoods
to begin to assert themselves and
their wcll-tested capacity for wise
and responsible leadership.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-08-22
ONE KIND OF CRIMINALS

1t isn't pleasant to contemplate the
spirit of those who tore up a railroa d
track at Gary, Indiana, so wreckng
an express train, killing and manning
human beings.
No sane American wants that sort
OF sentiment in control Of affairs
Bedlam would be a saints refuge in
comparison with it.
The attempt was inspired by some
devilish bug on the brain not al
together unlike. though much more
deadly, those which induced the
members OF the railroad brotherhood
to maroon trains in the Arizona des-
ert.
1t is not proba BILE that the wreckers
OF the express train are members of
the railroad union unless Of the Dor
ing from within variety which is
found in them to a greater extent, it
it said, than many suspect. They are
those whose aim Is to make al the
trouble possible in the hope Of con-
sequent chaos IL which they expect to