davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26
PLAN RAIL SERVICE BUREAU
Effort to Bring Together Buyer and
vender Of Equipment

Preliminary plans We're announced
today for the establishment of Offices
here by the Railroad Buyers and
Sellers Service Bureau. headquarters
Chicago. for the co ordination of the
efforts Of purchasers and vendors of
railway equipment In general. w. II.
Hassett is general manager, and j. l..
Newman, formerly a news writer Of
this city. is editor in -chief Of the Rail-
way Trade Digest weekly. one of
four functions of the bureau.
The other three phases of the or
ganizatiOn are the publication of a
telephone directory and buyers guide
of buyers and sippliers of railway
equipment in Philadelphia and tribu.
tary territory. an auxiliary department
of scientific research. including chemi-
cal and other analyses and economic
surveys. and a personal emergency de-
partment by means of which technical
information may be obtained immedi.
ately.
Offices have been established in New
York City and are in process of or
gAnizatiOn in St. Louis, Denver,
Seattle. San Francisco. Memphis, At
lanta, Baltimore. FL Paso and other
traffic centers.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26

samuel McCrcery. 4 Co.. announce
that Joseph. A. HeAley n now asso.
ciated with them In their bond depart.
'ment. f4N N4s
The average price Of the twenty ac-
tive industrial stocks advanced O.O8
per cent to 03.1O, while the twenty
railroads advanced Ola per cent to-
SAG.
American Locomotive Company has
recently closed orders for total of
fifteen engines. Largest single order
involves six Pacific type locomotives
tor. Chosen Railway Of Korea.
way Company applied to Interstate
Commerce Commission for authority to
acquire control of Santa Fe and los
Angeles Harbor Railway BY lease and
BY purchase Of all its capital stock.
Although Thomas Iron Company
stockholders have until July 10 to ac-
cept the offer for sale Of their stock at
$50 a share, already over two thirds OF
the total number Of ehares has been de :
posted in assent, thus assuring the
sale will be made effective.
The protective committees represent.
ing holders Of New Orleans Railway
and Light Company refunding and gen.
eral lien per cent gold bonds and
the one year z per cent gold notes are
notifying holders who have deposited
with the committees that q plan and
agreement for reorganization Of the
company has been prepared, approved
and adopted.
The Hayes Wheel Company has is.
sued q statement Of its financial con-
dition on May 81. showing cash. on
hand $3.50 ,421, total current assets 81. :
6S2, ,227, current liabilities 81 ,272, ,124
net current assets ~, 40, ,1O3, and total
net assets after prodiving for all liabili.
ties and reserves $4,048. 1896. Trade
names. patents. good will. etc., are
carried at valuation of 81.
Coca Cola Company's net earnings
for May are understood to have been
nearly 81 10000 Earnings for June,
1t Is estimated, will slightly exceed
the May figures. These earnings did
not include the profits Of any subsidiary
companies, and were after all deprecia
ti0n and taxes. The company recently
had in the neighborhood Of $4,000, ,OOO
cash in bank, far exceeding all current
borrowings.
I'm face OF n reduction of the redis
count rate of the New York Federal Re.
serve Bank and world wide. decline o.
interest rates, the bond market las
week was unusually quiet. Rarely ha'
week passed with SO few features il
price movement. Renewal Of call none,
on several days at 2A per cent failed tt
stimulate trading. The Az per cent
Liberty loans reached new high prices
but the increase was insignificant.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26
ACTIVITY IN OILS
FEATURE 0NCURB
~ Gain. Made by Producing
Company Issuss--lndus-
IL trials Active

x.w York. juno 20. - Petroleum
~. came into the greatest promi-
49,. s.soo An the Curb from the beginning
W. y hus;ncss this morning and strength
y .o,,v,,v in n number Of these is-
any. ana " were later explained BY the nm.
sues sue,cement Of advance OF prices OF
n.Usoiinc and kerosene by some OF the
lesTn ~ hest gains were made BY impor-
=. Inc producing companies. Mexican
SMa"hoord, MI being the strongest feature
cs'I y tIc independent group. that stock
@r;ne % nm from 473s to the new high
m"% nmsoor% Of 5OA. Standard Oil Of In
% I,aua which was in brisk demand IN
dIo',a sho sarly trading, ranged from 1OSai to
tmss; being supplied by some interests
sStSn identified with the management.
r. 7, was thought by some that this re-
y William Rockefeller.
" Standard OIL of New York was steady.
.,nsinv from 420 to 42S. and Ohio OIL
IaI of 9Oj to 200. Standard Oil OF
soS,ono soSi M later rallied from its low level.
ra,;.s Service was comparatively quiet
. '.;,h sales at 231 to I'D. Omar OIL
w"s @ heavily traded in ut 2Ha to rs.
: w The industrial group was fairly ac-
ne but without special change In
Nriccs. 'tf.s tt,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26
FOREIGN BONDS
FLOOD COVERS TEXAS TOWN
RIo, Grande Waters Overflow Levees.
No lIves Reported Lost

Brownsville, Tex. June 26.-(By A.
P.)-Rio Grande flood water, from two
to three feet deep, last night, covered
most of the town Of Mercedes, fifty
miles up stream from here in Hidalgo
County. No loss of life has been re.
ported. ... ......
Two thousand men. working in relays
for seventy two hours, fought a. losing
battle when water poured over the levee
protecting towns on the south bank and
covered large residential section of
Mercedes. Other levees soon overflowed
and the food area was extended to the
business section, Merchandise. how
ever. had previously been moved. No
serious property damage is expected.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26
RADICALS COOPERATE
N. v. Socialist and Farmer.Labor
Parties 70 Meet Saturday

New York. June 28.-(By A. +. J.
A Joint committee representing the SO.
cialist and Farmer Labor Parties last
night issued call for State cOnven..
tion here July to nominate State and
congressional tickets for the fall cleo.
tion. The announcement marks the
first instance Of cooperation between
the two groups in this State.
James p. Holland, president of the
New York State Federation of Labor.
today issued the call for the fifty ninth
annual convention Of the organization
in Poughkeepsie, N. Y. August %.
Mr.. Holland said labor's platform in
the non partisan political campaign,
which 1t will wage this fall; would be
the principal subject Of discussion.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26
FAREWELL FOR. VICAR
Services Are Held a. Compliment 4
the Rev. J. A. RIehardson

Farewell services for the Rev. ]. A.
Richardson, yicar of st. Mary's Church,
Broad and South, streets, the Episco- :
palian Pro. Cathedral, were held in the
church yesterday. 7 -
DR.. Richardson has resigned to take
effect September /. but he virtually
severed his connection yesterday, for
he leaves today for Wellesley. Mass. to
attend as chaplain the Wellesley con.
ference of church workers, and after
that he will spend July and August in
New Hampshire. On September 1. he
will assume the rectorship of st. Paul'e
Church. Burlington, Vt.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26

These bonds are obligations OF the Kentucky
Joint Stock Land Bank and collaterally secured
by either first mortgages on farm lands or United
States Government Bonds or Certificates Of
Indebtedness. The liability of the Banks share
holders is double the amount OF their stock.
The Kentucky Joint Stock Land Bank is
restricted by its charter to loans farm land only
in Kentucky and Ohio. Up to the present time
all OF the Banks loans have been made in the
famous Blue Grass" section of Kentucky. The
Bank has very strong management. consisting
OF men who have had long, successful experience
in the banking and mortgage business i'll this ter
ritory, by reason OF their connection directing
heads OF the Security Trust Company of Lex
ington, Kentucky.
The Bank operates under Federal charter and
Government supervision. The issuance OF its
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26
0ELANco HOME ROBBED
Robbsrs prIvsn on as Thsy Were
About 20 Cart on Safe

s NOV0b ~ S0Vt wv SssO
Shots fred by Chief Of Police Hahner,
Of DeIanco, early yesterday saved Clar,
owner. loss Of thousands Of dollars
when burglars were discovered at his
home. The Taubels were in Atlantic
City for the week lend and Chief Hahnsr
was giving the house extra attention
because OF the frequency Of robberics
recently. On one trip he saw two men
acting suspiciously and as he went
toward them they darted for an auto.
mobile and sped away. He fired. but
failed to hit them. -
had been entered and $500 worth Of
silverware q $500 watch. rife and some
clothing stolen. The thieves had cut q
safe from a stone wall and were ready
to remove It when the ~oficer's bullets
changed their plans.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26
MEMS LEAGUE AFTER FISH
Big Automobile Party Goes From
>Haddonfieid Church to Tuekerton

Hadd0nheld, n. j., June 28. = A
parade of automobiles left the First
Presby terian Church at daylight this
morning for Tuckerton where fifty
members of the Mons League of the
church will pass the day trying their
luck for porgics, weak fish, crabs and
other sen food.
The party will 20 out on the bay
six in boat and will fish until night
and hope to get back home with great
loads of fish at 0 o'clock tonight.
The pastor Of the church, the
Rev. Robert 8. Morris. chaperoned
the crowd and Stanley w. Rusk was
admiral OF the feet,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26

bonds and the collateral pledged as security have
been approved by the Federal Farm Loan Board
a bureau OF the Treasury Department OF the United
States Government.
These bonds are prepared aud engraved BY the
Treasury Department. The Act under which thev
are issued provides that: Farm Loan Bonds issued
under the provision OF the Act shall be deemed and
held to be lnstrumentaltes of the Government OF
the United States, and such they and the income
derived therefrom shall be exempt from Federal
State. Municipal and Local Taxation" This en-
emption clause covers all forms OF taxation, exclrl-
sive of Inheritance Taxes.
By decision OF the Supreme Court OF the
United States, rendered February 2S 1921. the
consttutionality OF this Act and the tax exemption
features of these bonds were fully sustained
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26
"BEFORE YOU INyEsr-

Investigate." said c. B. Forbes recently in
an article in the Business Section. There are
complete data as to price changes and In
come yields OF hundreds Of leading stocks
and bonds published every day in the Bust
ness and Financial Section Of the PUBLIC
LEDGER Make II q Habit. ADJ.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26
s5,ooo,oo0
New York Steam Corporation
Nelo issue
First Mortgage Gold Bonds, Sc

First Mortgage Gold Bonds, Series A, SO, due 1947
(Nonrede
May
Ns~r Fs Ns4 I P 4S "sS SssS
s Bonds so s aa S ss;ss 500 ' a T
$s.: $$ s;:$ @ II IL; ;S; n s Ssf % 81 $ 3 ( %S
~. heehrb pn
THEN CITY BANK O yoRK Trustee.
bemadeto Es these Bondson
Issuance hid beeap Service o. York
rJamsD Hud PeaAna III is a.
Corporation
oerAo building neudm mgsomeof the in
o
exceeding 7%
provided nj
acquisition property provision
Fund
emonhse ended Ma
or21l
the Mma o ymans ppei
Price and interest," Yielding about $40
illustrate Circular showing gloadono of t sndt
edmdg giving gntHesdn form
<uans The National City Company
ETMM%& ionLC
m&m Chesnw
AuantcCh Chy-Ch aNont cA 5BordwaA
~ eMa 81 cities uue Untds
"a to be
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26
Exempt tfromF Federal, Municipal alandLoe
100000
Kentucky Joint Stock Land Bank
LEXINGTON, KENTUCKY
50 Bonds
so Bonds
Issued Under the Federal Farm Loan Act

Loan
Dat" May 1872 due I2a
and zL
Sng DfG fG Funds
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-26

'I!:s H::!sssa ::ss:ls slss r!ss I: sssS s1ssS i'll ISL
i$ N.Y. ri q! &, I'LL, ::;:: !: Dc sSS sSS
'.SSS Egg sssSesH' s%sa H' OH Oil" 2s III n
100 Salt Creek Cons i2A in i2E
:. 100 Shell Union pfd 90 % e0
. 100 eimms Pet NM. 81 d. AZ
2Ou0 Skelly OIL rts -. 4c 4c 4c Z
1000 South Pa n . tSc 1Sc 1Sc
5000 Tsxan O i t.. &c SSc Ssc
100 MIicox oil '-... ~. 80 5G sM
1000 Wogd6urn ....... CSC aBc csc
1vg0 OIL ......,... Ice ice 10c :
1OO Mexican lnvast u % -
Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-10-11

driving wheels Just ass he 81. said /
When they looked e little closer, they
found that one OF these driving wheels
that made the whole American com
s1hercial ma chine 60, was named Gre
dit, !" !. and the. other was named Tran
saportation,'' AS soon as they. saw this.
every body began ITO understand just
what had happened and to remember
that they, too. had seen the brakes
slapped on those driving wheels, just
JAS the little man said. They recalled
chow freight rates under the Esch-
Gummins railroad Jaw were made 50
heavy that wheels Of S traffic could
shardlySturn and how bankers. in cities
|send small towns, acting under orders
from higher up, : suddenly. began to
tScall loans and to refuse all credit for
kcarrying crops and merchandise, so
Ethat farmers and small business men
1sal over the country were ruined and
the savings of a lifetime were wiped
{sout overnight. s+ ~
This may: sound, q bit fanciful at
first, but il you will think it over, yor
will find it q prettysaccurate picture
Eof Just whatareally happened.
IS Almost everybody: now knows what
happened to credit, because this oc-
Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-10-11
PIA
HER !'|! ON SUNDAY / | \
VVVlillmar Challenged b Twin City
\, Team. For ! Game 81.
4 :.. .s:.: There y. IS. 8.

I The Wilmer football team by It's.
two victories over Benson and the.
draw game with Redwood Falls. has;
created q reputation which has even
caught the eyes OF two strong Mime
apolis teams, The Oaks and the Ii:
sbsrtys. "A telegram and q telephone
call was received yesterday by Wal
ter Erickson, manager. Of the: 'Will-
mar team, ii, which they invited Will.
mar to Minneapolis for a game next
Sunday. AS Madison will be played
here. Sunday it will be out Of the ques-
|tionsto fill that date. Another date may
be agreed upon however. @sS z=s. !:
i 1illmar has this year built up quite
q strong aggregation and it is taking
its place as one Of the best in the
state::It contains both college and
high school stars and has shown a
high class brand of ball this season.
Madison will be here Sunday for
the fourth game Of the season for
,Willmar and it's second home game,
"A large crowd is expected to turn
out for this game. The boys indeed
deserve a boost and. the support Of
local fans. .-..:
Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-10-11

CURED right under heirseyess and the
local bankers; as as rule told the folks
just how the big fellows had sent the
word down thru the federal reserve
system that it was time fo Dictate.
But a lot Of the. people don't under
stand yet just what happened to, the
railroads or what this had to do>%with
their prosperity. z w. <ss4s@:; i
- Effects Of Eseh-Cummins Law
Thirty-one months have passed since
congress enacted the Esch,C ummins
railroad law-oficia!ly known as the
Transportation Act Of 1922 49,
blinded by false railroad propagan-
da, the. senate and house threw to the
winds every economic and political
princ iple that. had in the past guided
the development and regulation of
American transportation ~ and. voted
like sheep for a bill which had ::been
drafted by the great financial inter
ests that control the railroads. EVerl
important feature of the so;called
! EschCummins law is to be found il
| the testimony of T. De Witt Cuyler
chairman of the Association of Rail
way Executives, and spokesman FOL
the New York banking group: There
were dozens Of witnesses representing
Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-10-11

farm sserganiza--
tons and labor orr anizations, who
presented carefully considered plans
for the solution OF the American rail
road problem, but they didn't count
when itscame to drafting the law For
all practical purposes, Cuyler was the
only witness. Moreover Cuyler> and
ESother railroad representatives 'sat
in while the bill was being drafted
land were consulted even about minor
xamend1n ents."s H.. &c.. 49,.
|A Now the. important thing to note
about Mr.. Cuyler, is that, while he is
chairman of the Railway Executives
Eassociation, he is not, a railway exec
utive and newer has been. He is a
lawyer. He holds this enormously pow
erful position only because he has
been put there by the Morgan-Rocke-
!: feller-Kuhn-Loeb banking group.
l{ ~ Part Kellogg Played
IL e spare permitted it would be easy
Ito sput eWler,sz proposals and the
final ESch- Cummins law in parallel
columnsaand show=@that they are iden
teal inAexerySimp ortants feature. sBu'
lit should not:be understood from this
that Cuyler put the bill through con
gress single-handed. BY no means
Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-10-11

He had able; sistance sembled
around him-as chief spokesman was
the greatest crowd Of lobbyists ever
seen in Washing ton. @ The Wall Street
journal said editorially at the time
that the capitol corridors were so
crowded with 81 varieties Of railroad
lobbyists that they trod on each 9th
er;s toes $< IA ,.} sss:.ss@:s -ss5S
/ And there were other helpers. Chief
among these was the Honorable Frank
b. Kellogg, the famous trust buster"
who busted the Standard Oil trust so
hard that they made a billion dollars
out Of the fake dissolution. Kellogg
was member of the senate interstate
commerce committee which had charge
Of the bill, and it was he who always
knew exactly what the railroads want
ed and saw that they got it. He was
the line Of communication between
cuyler and the committee and be-
tween cuyler and the republican lead
ers In the senate at every stage Of
the fight. If the whole truth were
known, this railroad iaw-the "crime
Of 1e20"--wouid: be called the Cuyler-
Kellogg act, because it was these two,
more than .Eschs and Cummins, who
really shaped it and forced it through.
Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-10-11
Do nor. DIVIDE VOTE

Henrik Shipstead as candidate for
governor two years ago received $751;
402 votes. to S1,293 cast for Hodgson,
democrat, who by the way was high
man on his ticket. The least number
cast for, a. Farm-Labor candidate was
1T .256 tor r: r. & w. Commissioner,
and the least number received by a
Democrat was 63,73S for Attorney Gen.
eral. Still some newspapers try to
make out that Oleson and 1ndrehus
have the best chance Of defeating KEEL
logg and Preus. Any progressive who
votes for Mrs. .Oleson and Edw. Indre-
hus helps Kellogg and Preus just that
much. It is too bad that these two
sets Of candidates should be out ap.
pealing for progressive votes, but as
the committees have failed to get to-
gether in the interest of the progress
sive cause. it remains for the rank and
file to use better judgment and give
their solid vote to Shipstead and John
son az the most likely candidates to
defeat reaction.
Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-10-11
WATER POWER GOING,

The people will wake up some of
these days and find that all the water
rights along the harnessable, rivers
have been acquired by private inter-
ests. Others who fondly imagine that
they are shareholders in some big wa
ter.power company will find that they
own some transmission lines only and
that whatever water power they have
is only leased. For several years back
a systematic but quiet plan has been
pursued buying and selling farms al
ong river banks, the selling differing
from the buying in that a clause re-
serving the water rights has been in
serted in the deed. The water.power
trust Of today which is said to have
the most powerful lobby at Washing.
ton will in the future be more import.
ant than the coal combination of our
day, for the ':white coal" will event.
ually supercede the black coal in many
OF its functions of furnishing heat,
light and power. One Of the most far.
sighted public men Of today in Min.
nesota is Mayor Leach OF Minneapolis
who is making a fight for the public's
right to use for it's own benefit the
dam which has been built by the PEG,
ples money between st. Paul and Min.
neapolis. 1t is sad commentary upon
the craftsmanship Of our public men
that little effort has been made to de.
velOp for the public benefit the vast
power which is now wasted every day
in our big rivers.
Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-10-11
WHAT. sMAoNus WILL 20

! WHAT. ;MAoNUs WILL 90
In his speech at St. Paul last Mon
day night, Magnus Johnson, Farmer
Labor candidate for governor, said:
Years agosthe politicians made no
promises at all. But the farmers and
the workers began to awaken. AS we
gained more: power in the, legislature
and voted more solidly the politicians
began making promises. They are out
now doing some of the. things that
We would have done long ago. They
are still far behind: US. ,'>'' =: r. =. =
]. while they are. talking diversified
farming, We are far ahead, urging not
only that but comprehensive pro
xressiye pfogram including state-own-
ed public utilities and state credit for
tie farmar1s:;lTwo year,, ago the poll
Atcians taught cooperation and the
tonnage tax. When they were elected
.as tonnage tax law was put through
that levied only e small tax on the
iron industry. That Is their system,
they 20 only half way Just enough.
Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-10-11

= Do a little hard thinking the next
four weeks and be sure that those lit
tie crosses you will make in the cleo
tion booth will stand for your own in
terests and for the interests of your
children. You have repeatedly given
your votes to a political organization
that has promised much but have been
unable to do any more for you than
conceded by the masters of industry,
commerce, end finance, to whom they
also owe allegiance. Why not try an
organization that is financed and back
ed by the common people themselves?
Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-10-11

they think, to satisfy part Of the peo-
pie so that they will be reelected.
If am elected I will pledge that,
though I may not have the classical
education of Mr.. Preus, will use com.
mon sense in administering the office,
and not follow the dictates OF the
state interests.
II will veto the state police bill If
1t is put thru the legislature, and /
will cut out unnecessary state depart.
ments. The large number Of inspectors
will be reduced. They are now moth
ing more than political henchman go.
ing about the state campaigning for
the present administration"
That Magnus means what he says
and will do what he can to carry out
his" promises no one who knows him
doubts for minute.
Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-10-11
THE PAvEMENT CLEANING ISSUE

:, ~ o.
THE PAVEMENT CLEANING ISSUE
The matter of providing q pavement
cleaning apparatus was not decided
by. the city council at last Monday
nights meeting. All bids were re-
jected and more comprehensive call
issued for bids to be received at next
regular meeting. The issue IS between
providing q temporary expedient in
the form Of horse drawn sweeper or
q more expensive motor driven mach
tne. In case OF the latter. whether q
sweeper or Z flusher. a flushing ma
chine also carries I've very efficient
sprinkling attachment, 50 that III day.
time It could be used for sprinkling
the streets Of the city and at night for
flushing the pavement