davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
Bond Market


New York. Arg. 3l-The out
standing incident in today'ss bond
market was the further abrupt de-
cline in the Chicago & Alton ; and
81 percent bonds following the
announcement Of the company's
receivership. Although Wednes-
days break in the Alton bonds was
quite violent it was evident that
neither the bonds nor the stocks OF
the carrier had reflected such an
early action for receivership.
During most of the time today
both the IS and 315s sold several
points under Wednesdays final
prices. The IS got down close to SO
and the 3hs. moved irregularly be-
tween 1914 and So. The interests
Of holders Of the 32 percent bonds
will be in the hands of pFotec-
tive committee. There are 22,0O0,-
600 of the 81 percent outstanding.
An interest payment on the $45,-
$50, 900 refunding first gold s. is
due on Oct. /.
The rest Of the railway bond list
was apparently unaffected by the
movement of Chicago & Alton Sc
curities. Chicago-Great Western As
had a drop of we'll over a point CO.
incident with weakness in the
stocks. This followed the publica-
ton Of the July report, showing
that for the first seven months Of
the year earnings fell short Of
charges. There was further reac-
ton in a number of the low
priced rails, such as the Seaboard
Air Line, the Missouri, Kansas &
Texas adjustments and the Friscos,
Interborough Rapid Transit re-
funding IS among the fractions
were strong. It was stated that
the September interest on the
company's three-year convertible
notes would be paid. Great North
ern SIS struck new high for the
year.
In the industrial section there
were few features and trading
quieted down. American Telephone
IS got to a fresh top and SO did
the Nassau Electric Il.
Liberty bonds were slightly low
er again in spite Of the feeling that
bonus legislation would receive the
presidents veto. United Kingdom
SIS of 1922 were dealt in on a
cash basis. It was the last day for
the conversion privilege of these
securities. French government
bonds held up fairly we'll while the
Seine Is and the French industrials
softened. Mexican IS also declined.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
PRICES
TAKE DROP ON
LIGHT DEMAND
(By the Consolidated Press.)

tBy the COnSOt1daIeQ Press
Chicago, Aug. 31.-Wheat prices
were lower after q little early SELL
ing and the market again reflected
the light demand outside OF short
covering. Outsiders refuse to buy
on the advances and the leading
longs did not give the market much
support. In fact, there was evil
dence OF profit taking on the strong
spots, the pit being well supplied
with selling orders ON all the up
turns. Liverpool was a quarter to
three-eighths pence DIP at the close.
Canadian news was bearish. A bear
influence also was an Antwerp ca
BILE saying Germany was not inter-
ested in wheat and that wheat
afloat was hard to sell as well as
grain on the spot. Local cash prices
were steady with q good demand.
Receipts we're moderate here at 100
cars.
Corn was rallied from an early
break, and there was a good cash
demand, but the weakness in wheat
checked buying. Offerings from the
country continue fair and receipts
we're larger than expected. Local
arrivals were estimated at As cars.
Commission houses sold on the ad-
vances. Weather conditions were
more favorable.
In oats the trade was light with
no special feature except that the
pit 5, trade followed the general
course of other grains. There was
fair buying support at times. Re-
ceipts were 5 cars estimated and
the cash demand was fair.
Provisions trade was narrow, and
the higher hog market did not
bring in much buying support. Hog
arrivals were $4,000 with prices
mostly 10c higher. Liverpool prices
were little easier. The cash trade
is only fair.
Wheat closed M@2c lower; Sept
99A@B; Dec. 1.01b@101; May
1.O6A az. Corn closed Il lower
to sc higher; Sept. 591s @59; Dec.
54@h; May 5sh @5s. Oats closed
A@kc lower; Sept 31ss@A; Dec.
33A@h, and May 81. Lard was
unchanged to 12c higher and ribs
to 10c higher.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31

van snsst ~ xnak- A1g. BIZ
Oversight a1nosnesnast d the
Cks6Ieo I Altoa rscsf1vrship was
folSDwsd " renswed tcollapse in
- boids and sticks sf the COM
peuy This brought about some
seaftnrsd selling In other railway
shares particularly in certain OF the
Iov priced non-divtdend paying
rho news had little eject on the
market because 1t was fully rea-
lized that the Alton was q special
case. that it had no significance for
the railway situadon In the main.
No. doubt as the accompanying
statement in explanation said, loss
Of revenues through the coal ana
rail strike was an immediate cause
of'the troubles of the noad. But this
only served to bring matters to a
head The outstanding fact that
has been known all along, is that
Atoms capital account is excessive
in comparison with earning power
even ut the best.
another downward turn in the
foreign exchanges suggested
clearly enough that the recovery at
the start of the week in francs and
marks was due to the closing IN Of
part of a much extended short posi-
tioH and did not mean any change
in the situation itself. The impress
sion. that feeling in banking circles
wass more hopeful on the subject Of
German reparations was ethel
never warranted or has been de-
stroyed by developments within the
last day or two.
The decision of the PREPARATION
commission is now rather expected
to be ,unfavorable to Germany's re
quest for a moratorium, or, if 1t il
not, then the idea is that France
will ignore the verdict and carr,
out her threat to collect the indem
nifty alone.
1t was hard to detect evidence
that the European financial sltua
tior.. was a factor in our securit!
markets today. Some rather not
able losses occurred in few OF tn,
minor rails, obviously an effect o
the Alton incident. Rubber ant
tire stock for specific trade reasons
long, understood were offered dow
ANA realizing sales made them
selves felt in some of the telephone
and gas stocks which have recent.
had such remarkable rise.
On the other hand fresh buyin,
CAME into the oil stocks, into Amer
lean Wool, Crucible Steel and va
Y riety of pool specialties. These up
ward moves were numerous enough
tosstake away any appearance 0
reaction from the general list.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31

CONTINUED from First Page.)
it proper for the chief executive to
say what his course would be in
advance of action by congress.
This is not altogether a new con-
eeption of executive courtesy to-
ward congress, but it is in line with
MIR. Harding's belief that the leg
islative branch should be given
every opportunity 10 exercise its
free judgment without dictation
from the White house. So many
times in the past members of con-
gress have excused their votes on
the ground that they did not wish
to vote against the president or
that they felt it useless to cham
pion a bill which was certain of
executive disapproval.
The presidents idea is that con-
gressional responsibility for the
passage of legislation shall rest
solely on members of congress. He
knows of course that many men,
hers of congress who right other
wise oppose the bonus are fearful
OF the political consequences and
will be pleased by the presidential
veto, for they will be squaring
themselves with their soldier con-
stituents on the one hand, while
the others who think it harmful to
the community will be spared the
iil-effects by the action of the ex-
ecutive in killing the bill.
Curiously enough the thought o!
the moment is that failure to pass
over the presidents veto will end
tha matter. But it will not. Poll
ticians who have watched congress
behave under the stress of fall
elections are of the opinion that
the day OF the bOuns is merely be-
ing. postponed and that the Repub-
lican party will not dare to go into
the 1924 presidential campaign
without a specific pledge in favor
OF soldier bonus and that the
presidential candidate will find il
necessary to make that pledge
Broadly speaking, the advocates OF
soldier bonus will not quit their
fight with the present session OF
congress. They really believe thei.
chances Of ultimate success are
better than ever and that the votes
In both houses of congress either
before or after the presidential
campaign will be an overwhelming
mandate to the Republican party
and its choice for 1924.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
Peoria Livestock.

Peoria, ILL.,, Aug. 31.-Hogs: Re-
ceipts 500; 10c higher than yester-
days best price or 15c to 25c high
er than yesterdays close; top $50;
lights S.25@9.50; mediums 9.1O0
$40; heavies S.00@900; packers
6.00@7.00.
Cattle: Receipts very light; not
much business.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
Kansas Citv Cash Grain.

Kansas City, Mo-, Aug. 31.-Cash
wheat: No. ? hard. 9S@1.10; No. 2
red, 1.O2@104.
Corn: No. white, 55@55k; No.
2 yellow, SO; No 2 mixed, SAY @55.
Oats: Y cent higher; No. 2 white,
35; No. mixed, 33@34; No. 2 red,
33G34.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
Horses and Mules.

East St. Louis, Mo-, Aug. %. =
Horses: Good to choice drafts,
$145@17O; choice southern chunks.
$50@70; medium to good drafts,
s10O@145.
Mules: 16 to II hands, s1750
$50; 16 to 1875 hands, $175G225;
ISL to 1913 hands, $150@2 20.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
Peoria Cash Grain.

Peoria, Ill, Aug. 31.-Corn: Re
ceipts, rs cars; unchanged to Il
cent lower; No. yellow, 60A; No.
3 yellow, 57A; No. yellow, 57A;
No. 5 yellow 56A; No. 3 mixed,
STA; sample grade, SO. q
Oats: Receipts, 5 cars; un-
changed; No. 2 white, 32l12.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
Chicago Produce.

Chicago. Aug. Shutter, higher
creamery extras, 35%: firsts, $40
32k: extra firsts, 33@34A; Sec
onds. 5000: standards, 34k.
Eggs, unchanged; receipts, S,2e1
cases.
Poultry. alive: fowls, 1924;
springs. 24h; ROSTERS. l4h; broil-
- not quoted.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
Weather Forecast

Illinois: Unsettled, probably To-
cal thunder showers tonight and
Friday; slightly warmer Friday.
Indiana: Unsettled tonight and
Friday; probably showers; slightly
warmer Friday in south portion,
Wisconsin: Showers tonight and
Friday; not much change in tenn
perature.
Missouri and Iowa: Partlt
cloudy tonight and Friday; prob
ably local thunder showers: not
much change in temperature,
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
New York Money!.

New York, Aug. 31.-Call money:
strong; high, 5; low, Az; ruling
rate, AZ; closing bid, 5; offered at
51a; last loan, per cent.
Call loans against acceptances, 4
per cent
Time loans, firm; mixed collat-
eral 60 to 30 days, 4@4A per cent:
four to six months, 4A@4k per
cent.
Prime commercial paper, 4@4A
per cent,
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
Chicago Potatoes.

Chicago, Aug. 81. - Potatoes.
weak; receipts. IS cars; total
United States shipments, $50 cars:
New Jersey, sacked, Cobblcrs, 1.50
Q1.60 cwt.; sacked. Giants, 1.20@
LES cwt.: Minnesota, sacked, Early
Ohios, 1.00Ql.15 cwt.; bulk Early
Ohios, 1.l001.s5 cwt; Minnesota,
sacked. Round Whites. 1.2001.25
cwt.; Idaho. sacked, Rural, 1.20G
LIS cwt.: Utah, sacked, EARLY
Ohios. 1.35 cwt: Wisconsin, sacked,
Cobblers, 1.20@1.30 cwt.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
St. Louis Futures.

St. Louis, Mo-, Aug. 31.-Close
wheat: September, 9SA; December,
1914.
Corn: September, 577s; Deem
Der, 535s
Oats: September, 31A nominal;
December none.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
St. Louis Cash Grain.

st. Louis, Mo-, Aug. 31.-Cash
wheat: No. 2 red winter, 1.08@1.09;
No. 3 red, 1.03@1.07.
Corn: No l white, 60; No. 2 white,
60.
Oats: No. white, So; No. 8 white,
45A@34A.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
New York Sugar.

New York. Aug. 31.-Raw sugar:
quiet; holders asking SIC for Gu
ba's cost and freight, equal to $50
for centrifugal.
Refined sugar: no change
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
CHICAGO FUTURES
Grain
Chicago Cash Gram

Chicago Cash Gram.
Chicago, Aug. 81.
WHEAT.
No. 2 red 1.051s.
No. / hard 1.04@1.04A.
No. 2 hard .1.O4@1.04A.
No. 3 hard 1.02k.
No. / northern 1854.
No. 2 mixed 1.021a.
No. 1 northern dark 1.20@1.21K.
No. 5 northern dark LOS.
No. 2 yellow hard 1.01h@1.02%.
No. 3 yellow hard 102.
No. 4 yellow hard 1.011s.
CORN.
No. l mixed 61A.>
No. 2 mixed 61@611s.
No. 4 mixed 60@6OA.
No. mixed 59k @6oh.
No. 1 yellow 61h@62.
No. 2 yellow 61A@62A.
No. 8 yellow COZ @61k.
No. 4 yellow 6Oh@61.
No. 5 yellow 6OA@60h.
No. 6 yellow 59a @60A.
No. 2 white 61A @61A.
No. 3 white 61A.
No. 4 white 60@61H. :
No. 5 white $4,000.
No. 6 white 59A goo.
Sample grade 5S1a goo.
OATS.
No. 2 white 34A @36.
No. 8 white 32A OBS.
No. 4 white 33A @33h.
OTHER GRAINS.
Rye: No. 2 ssh.
Barley: $1,000.
Timothy seed: 4.00M5.00.
Glover seed: 12.00M16.00.
PROVISIONS.
Pork: nominal.
Lard: 1890.
Ribs: 9.50@10.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
Flour.

Minneapolis, Mimi, Aug. 81
Flour, unchanged to 10 cents low
er. Family patents: 6.60@o9 80 per
barrel in 80 pound cotton sacks.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
Toledo Seed.

Toledo, Ohio, Aug. 81. - Glover
seed: Prime, cash. 1000; October,
go; December, 9.85.
Timothy: Prime, cash, go; Oc-
tober, 2.75; December, 2.75.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31

All the news all the time-Th,
Argus.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
CONGRESS
action may
9 KILL BONUS
arr nsSs O~'~O

(Continued from First Page.)
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1922-05-25

eddy the attack of Frear on the money
bags" will be franked all over Wisconsin and
IN this manner the rest of US will help materl-
ally In paying his campaign fund.
Be that as it may we are not inclined to think
that the congressman from up state has been
correct in his reading of the political signs One
would hardly say that it was the money bbgs'
that defeated Senator New in Indiana and
paved the way for the impetuous Bev-
eridge to become candidate for the United
States senate with view Of using this office
as stepping stone to the presidency 1t would
be hard to convince anyone that it was the
proverbial political pot of gold' that named
Amos Pinchot for governor of Pennsylvania
after the organization there had declared that
'SPinchot will never have chance"
People Of Wisconsin and people Of the rest
of the country are beginning to do their own
political thinking. Such men as Frear, even
with the use Of the congressional record as a
campaign document are going to find it in
cfeasngly harder to put over their political
bunk.
In Wisconsin the people are very liable to
show tired feeling over having their office
holders, down to the constable Of the war die
tated by an organization which meets in the
office OF some political leader who has grown
fat off the pie counter. The people viii not
be slow to believe that one class Of voters has
just as much right to organize as the others
These men who claim to be the guardians of
the rights of the people will find it mighty
hard to qualify. Of course in Wisconsin and
other states they have built up wonderful
political organization which has for it's main
purpose the participating of themselves in Of
flee but the men and women who examine their
tax receipts will find it hard to work out any
real benefit that has accrued to them from this
"close partnership Of few sef-seekng poll
ticians and bunch of theorists who are look
ing for a chance to grab the state
Frear is just shouting "The Wolf, The Wolf"
with a view Of betting the minds of the peo-
pie away from the fact that the present admin
istration has been a burdensome do nothing
administration in Wisconsin,
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1922-05-25
Hugo SHINES

America thinks it knows something
about "big business" Henry Ford
employs $4,000 men; the U. S. Steel
corporation, 275,OOO; the Bell System,
225,000; the U. S. government, 6OO,-
900; the entire coal industry, 100000.
Hugo SHINES, "Germany's new Kais-
err" has 100000 persons on his pay
roll. He operates shipes, mines, fac
tories, electrical works, railroads,
newspapers, and many other indus
tries. He is probably the biggest bus
mess man in the world. What kind of
man\is he? Why does he pile up
his fortunes? What are his political
and economical beliefs? Who are
his business enemies?
Milton Bronner went to Germany to
make a frst-hand studyo SHINES
and his operations. Bronner has just
completed a series of articles on this
man whose far-fung activities pale
other individual achievements into
comparative insignifcance.
His first article begins today.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1922-05-25
FREAR AND THE MONEY BAGS.

Congressman "Jim" Frear of Wisconsin
threw an awful spasm over the political adj
vance of the money bags in the lower house
of Congress on Saturday afternoon and appear
ed to be greatly concerned over the fact that
the moneyed interests of the country were
striking at the root of political freedom. Re-
ports from Washington said that it caused a
mild sensation. In Wisconsin it will prob
ably not cause such great sensation as most
people out here have pretty good idea as to
how Congressman Frear has usually been the
beneficiary of organized politics. Few people
in Wisconsin would be willing to accredit the
fact that Mr. Frear has been in public office
much of his working life to the fact that a
spontaneous outburst of the people due to his
political popularity put him into office and
kept him there. We have not seen any record
Of Mr.. Frear objecting to contributions being
made to a Republican campaign fund when he
was running on the ticket 1t is possible that
the suggestion has been made that he has sat
at the pie counter long enough and that some
other person might be urged for the job by an
organized Republican party.
It's just about this time of the year that the
average congressman makes the effort supreme
to get his name in the congressional record in
order to have the government pay goodly
norton of his campaign expenses. Undoubt-
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1922-05-25

| the signals being flashed from one
station to another.
These signals, or letter combna-
tions, form a separate call code and
should be learned as thoroughly as
the dot and dash system. They help
| to shorten messages between stations.
Each signal, it will be noticed, be-
gins with a @. That is the introduce
tory or warning letter for the actual
message in the rest of the combina-
ton. A question mark after each
combination changes its declaratory
meaning to the" corresponding ques-
ton.
The authorizations, or "calls," that
are used most frequently among IL.
censed amateurs and professional OPP
orators follow:
QRA-This is station 800.
QRH-My wave length is .....
QRK-I am receiving well.
! QRL-I am receiving badly. Please
send 20 49,. for adjustment.
QRM-I am being interfered with.
QRN-Atmospherics are very strong.
| QRO-Increase power.
! QRU-Decrease power.
QRQ-Send faster
QRS-Send slower.
QRT-Stop sending.
QRU-I have nothing for you,
QRV-I am ready.
QRW-I am busy. Please do not in.
terfere.
! QRX-Stand by.
QRY-Your turn will be No. 800.
QRz-Your signals are weak
QSA-Your signals are strong.
QSB-Tone is bad. Spark is bad.
QSC-Your spacing is bad.
QSD-My time is .....
/ QSL-Please acknowledge. =
QSP-Inform ...... that I am calling
/ him.
/ QSQ-You are being called by $500,
| QSR-I will forward the radiogram.
QST-General call to all stations
QSU-Will call when l have finished.
QTA-Repeat.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1922-05-25
fRv Associated Pressl

Toxic = A telephone instrument is
one of the most priced possessions of
foreigner in Japan. Under the gov
eminent system the instrument is sold
outright to subscriber and as the
governments supply is apparently new
er replenished, it is next to- impossible
for new subscriber to have one in
stalled, applicants who sent in the
order even ten years ago still waiting
to have their request complied with.
AS a result instruments, ownership
of which carries with it the right by
payment of small fee 20 have it
moved or transported to another in
dividual, are held at a high price. In
Toxic for example an instrument is
valued anywhere from $700 to $1,250.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1922-05-25
supplied to the purchasing communi

supplied to the purchasing communi-
ty.
All the SHINES family had to do was
to keep the property together and grow
up with the country. No boom dis
trict in America ever saw an increase
in wealth, population and industry
similar to that of the Rhenish West
phalian region conferred about the wa
tiers of the Rhine and the Ruhr. This
was especially marked after Germany's
victorious war with France in 1870.
This gave her Lorraine, whose preci-
Gus iron was added to the boundless
coal ofs the Ruhr. Cities sprang M
like magic.
Unaffected by War.
Today even-with Germany defeat
ed, Lorraine back in French hands and
world business in the uoldrums-there
are few scenes like those to be wit
messed in the SHINES home country.
Take all the towns around Pittsburgh
in America and Birmingham in Eng
land, multiply them by five and you
have the Ruhr
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1922-05-25
By MILTON BRoNNER.

Berlin - There is still a foolish i'm
preston abroad in America that the
great war was fought for the ag-
grandizement of the House of Hohen-
zollern and, especially, of Emperor
Wilhelm the Second of Germany. Come
here 20 the immense capital of the
country, or visit the Ruhr Valley and
you will find many who will swear the
conflict was fought for the enrichment
OF the House of SHINES and that Hugo
the First, Only and Unique, is really
the uncrowned king of this so-called
republic.
King Hugo the First is everything
Wilhelm Hohenzollern was not. Will
helm was blond and erect. Hugo is
black and STOPPING. Wilhelm was
laxative as hungry parrot. Hugo is
silent as the traditional claim. Will
helm sought the limelight. Hugo
fees from it. Wilhelm loved to be
photographed. Hugo avoids the snap
shooters as if they had the black
plague.
Wilhelm liked to doll up in glad rags
Hugo wears the same old black suit
and claps an old "dice- box" on his
head. Wilhelm made a bluff at appre.
ciating all the arts. The only picture
Hugo likes is the Autograph of fac
tory with the smoke pouring from all
its chimneys.
Their single resemblance is that the
Hohenzollern power was founded when
the family made themselves masters
of the Mark of Brandenburg and the
SHINES power was founded when thew
got hold OF coal pit at Mulheim.
How SHINES Started.
Back in Napoleonic times Matthias
SHINES at the age of IS started the
family fortunes. The SHINES before
him had worked on the Ruhr and the
Rhine. They were shipping people,
engaged in hauling produce up and
down the rivers in the days before
steamships and railways.
To Matthias came a vision. Coal
was supplanting wood as a fuel He
would combine three Businesses
ping, coal digging and coal selling. His
own ships would carry his own coal
to his own yards. It was a simple
formula, but he worked it out long
before his neighbors.
Everything his famous grandson has
done has been to expand this formula
until now the SHINES enterprises, in
stead of being confined to the Ruhr
region, are spread all over Germany,
and extend into Finland, Sweden. Aus
tria and Switzerland.
The capital with which Matthias
SHINES started his career was exactly
1910 deprecated Rhenish German
thalers. But he was enterprising. He
was the first to introduce the steam
ship into the Rhine hauling business.
At his death in 1845 he possessed four
coal mines, shipyard, a feet of eaal
carrying ships and barges and twenty
nine coal yards where the fuel was