davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-06-24
stndebnker May Retire Preferred

The recent strength m Studebaker
preferred. although not 80 spectacular
a. that in the common. has given rise
IN reports that the company, because
Of is present excellent financial con-
dtion. may decide 20 retire the senior
share issue through an exchange for
the common. This would leave the
common stock as the company's only
capital obligation. The preferred stock
is callahle AZ 1915 Directors are sched-
ulcd 10 meet the latter part Of July,
but D, IS believed that no action regard
INC the preferred will be taken ~ that
time. The street. however is expect
ing on e1tra dINIdend on thc common.
New-York tribune., 1922-06-24
Loans Under Passive Negotiation

Several pieces of foreign financing
are up for discussion IN Investment
banking quarters. but the most &C.
curate description OF their present
status Is % say that they are under
passive consideration. Few issues oi
this character are expected until aiter
the Fourth OF July, and several VIII
probably have 20 be postponed un'll
the markets position Is sounder than
AZ prescnt. Among the applicants Tor
loans IN this market who nave re-
ecivcd n moderately encouraging, re-
eertion are representatives o. Colom-
- pnru- Ecnador and Ruman.a.
New-York tribune., 1922-06-24

Associated Dry Goods directors ar"
scheduled 70 meet next week 10 take
action on the dividends on all classes
~ the company stock An increase
IN the common dividend disbursement
was reported 20 be under discussion
earlier m tho year. but u rs now be.
licvcd that no change In the rate Will
he ordered A. this time. Although
earnings have been running A. salts
factory rate 'he company had 10 read
lust its inventory account again this
year. and this probably has been a
factor in determining the present div
idcnd policy.
New-York tribune., 1922-06-24

The hrming up of the rate for call
money Yesterday 20 per cent. higher
than j, had been during any session
since June ?. reflected tho complete
elimination - the foat created here
by the midmonih payments, confirm
ing tho evidence presented by the New
Yor. Federal Reserve Banks state
ment 81 condition. Further than this.
IL was due 10 the usual calling of loans
on behalf ~ interior Institutions. which
do not Gaze 10 leave their funds ncre
for an extended period when thc rate
is "a low as 3 per cent. The immediate
outlook for accos modations Of this
character is complicated by me ap-
proach % tho July disbursenents'
which will be heavy.
New-York tribune., 1922-06-24
Better Copper Export Sales

Export sales Of copper are reported
"a have shown recent improvement al
though domestic buying during. the last
week has been on an extremely smaN
sc,ie. Franc. and Germany have been
buving in good quantity from the Cop
per Expor, Association. The contlnh-
snee OF the coal strike is having the
effect OF making home consumers
whose fuel supply is not assured soise-
what hcsitant in providing for future
reouircmcnts. The present quiet de-
mand is no; expected to carry prices
much below present level $. although
some sales have been made NJ sllgnt
concessions.
New-York tribune., 1922-06-24
Whaf'S Behind
4ctiue Stocks?
7S.Amcrican Car & Foundry


American Car and Foundry Com
many common stock Is not active
sro,yh 10 be termed speculative
fsvori,e. II stands among the IN
vcstmcn, stocks IN which traders
b.ve no interest. The company was
,ncorporatcd in 1929 rs a consolida-
ton OF eighteen companies manu-
occurring railroad ears and parts,
r.. major plants have an annual
c,n,citv Of i25.000 freight cars, l'5oo
,,sse,rer cars. $4,000 tons oi
wheels snd 100000 tons OF forgings;
lust recently the company Dranched
on, into the manufacture o. auto
mobile wheels. Property and plants
arc carried az S7l.s75,ooo. There Is
"a funded debt. The s30.000.0Oo OF
conmon stock is preceded by an
couai amount OF cumulative
nreferred stock. on which per
cont has been paid regularly 'lnes
isa0 The common has received
nor cert quarterly since Oetoner'
ioio 4 total Of per cent was
raid in 1919. m 1915 ana ~ :.
from 1909 to 1915 and : IN isO'
ard 1908. on April 30, 1921, there
was special reserve for DIVIDENDS
.uHei.nt 10 Pay tho present rate
- 10 per cent FOR three years.
Earnings for ten years ended Aprh
"a 1921. averaged iS.4s per cent on
~. common. Net Gssets applieaole
"a the common amounted to s269.o:
share in April. 1921 Range oi
s,oek since 1910: High. 1862, IN June
1929: low. 35is. in 1913; ye'terdayt
close i63.
New-York tribune., 1922-06-24

ous,tion-I have s. 600 hicA woi'd
ltks 10 invest With absolute .sfeiy IN ~
following Issues AMI would mus i,D IA"
s,r.u. 4 90. s, psr oent hrsi moiigsgs
hond' twenty shares Norih Am-rean pre
f.rrsd ana one share N Ianaeiaa acme
Railway eonmon.--G " W.
Answer-"Absolu,e safety Is an eX-
irene term. /, IS something that can
hardly be predicted OF second grade
ureferred stock and railroad eomTonl
stock. II you can he satisfied with
securities that are reasonably sound
the Two stocks you mention are sultaole
for vour purpose. We consider Straus
mortgage bonds good investment
New-York tribune., 1922-06-24
The Dollar in Foreign Exchange

Bill, 90 exchange on Europe con
iruei in supply yesterday and rates
,,n 70 tho loves. levels Of the week,
Isrlinc dropping back 10 s4.4Oss for
tbles. 10 cents in the pound below
he recent high marx for the year.
Txchsnge on Greece broke sharply
ia readiustment 70 a common stand
" in Athens. London and New York;
here was an abrupt decline on word
'om Athens that the eonsortium nad
Ven reconstructed and drachmas were
gso.ed nominally here yesterday az
r..
New-York tribune., 1922-06-24
Investment
Information

ov,sfiors Of general irisyesi 70 in
rssfors uiH Re anspsr,d ~ MS eel.
uwn. ia ukich case Only initials wI
b. used. Oihcrs uH be answered by
mail Add,ss, NIL impurities. 'rcl5s-
ire a stamped. addyssssd snvsiope. -
Financial Editor. The Tribune, 49,
Nassau Street. hsw Yort CITY
New-York tribune., 1922-06-24

Four full columns OF in.
resfmenf questions and an.
steers ,edi be published in
The Tribune euery Sunday
and Monday. On other days
one full column irill appear.
New-York tribune., 1922-06-24
p,r;a Market Steady

PARIS. June %. Prices were STEADY
=, ,b~ Bourse to-day. Three per cent
renter. 81 francs - eertlmesi eAcnans
on London. 81 francs 20 on eens.n,,s, ..s
p.r cent loan. 76 francs 20 eeh.'.ny1 ~
The dollar was quoted at II francs IN
cent.mes.
New-York tribune., 1922-06-24

Bank Clesrings - Bank clearings at
New York Yesterday were: Exchanges,
$4,000 .000 balances, 6i,OOo'oOo.
Silver go London. 355sd; New lors'
domestic bar. 9essc; foreign, 7O%c;
Mexican dollars. 53"4c.
New-York tribune., 1922-06-24
Money and Credit

Call money opened and renewed yes
''rGay 20 per cent. rate which later
proved altogether in adequate as a
measure OF the days requirements.
The charge was advanced by successive
increases OF 2 per cent until late in
ise afternoon a maximum Of . per
zen. was reached, the first time 50 high
rate has been quoted since June Z.
Tine funds we're dull ard unchanged
ss % rate. The demand which the re-
es-.lv modified attitude Of lenders in
sacea appears 70 have been pretty we'll
ss,isaed and business currently 10
New-York tribune., 1922-06-24
N.w york Telephonc Preferred

Question: have iooa 10 put n u sac
fr,s,fnenf ard have been ihlnHng
buyify fo-tv shares ~ me NeW lnIn
rsrred s'o-k. pasing 80 p-f eeni Annuai
6fv'dends a. the psr vain" ~ sino. 80
fafes cannot h- purchased tnrossn nto
-. hpt direct from the Sew YORK TrI-,
,b~re ard Taleeraph company. and WV
not b. ls.l~d until The end ~ this monin y
wui you please give ma your OPINION "'
iris Stock and advife me y sou ihin~ f "
New-York tribune., 1922-06-24
Bid and Asked

Following are The closing bid snd
asked quotations ~ stocks listed on 10
Stock Exchange In which thers wsfs
New-York tribune., 1922-06-24

AnfWrT 7 ~ IT." II'I'I II''
tho New York Telephone Company
should prove n good investment, e'pe-
ciallv for person in a position 10
keen IN touch with tho eompany's earn
ings. The stock o. Inc parent company
the American Telephone and Telegraph
Company. il regarded Gs a good invest,
ment and has an established dividend
Vaecri
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03
SYSTEM IS ALL WRONG

The great difficulty that stands in
the way of discussing Uncle Sam as
an employer is that there is no such
person. The men who stand ia the
relation of employer to their subordi-
mates are nothing but employees them.
selves, and temporary ones at that,
with a very fleeting tenure of office.
Cabinet officers and members of con
gress, TO whom the rank and file of
employees look for guidance for a
solution of their problems, are simply
fleeting figures that come and CO. with
their own interests TO serve. They
testify freely enough as to conditions
of government employment, Senator
Carter Glass, recently secretary of the
treasury. for example:
1.-THE largely multiplied business of
the government cannot be conducted
with efficiency and economy unless
there be attracted to and retained in
the public service group of highly
trained, well-paid and permanent Off
cials of supervisory grades. Uncer-
tainty of tenure in some instances and
lnadequaey of compensation have
closed the public service to many men
of the best type or forced them out of
government employ at the moment of
their greatest usefulness.
"The war has increased the public
debt more than twenty-five fold and
has augmented the functions and ac-
- u,
ways. The duties are greater and the
responsibilities are larger than those
OF other days, TO the standards of
which it is not to be expected that
the government viii ever return. The
conditions are such that failure TO take
the necessary action TO invite and
hold in the public service men of ex-
ceptional ability and of real distinc-
ton in their fields can result only in
grave burdens TO the taxpayers of the
country and in possih,R disaster
Already the transaction of the
business of the government is ham
pered by deficiencies of personnel due
to the return to private life of many
men ~ large capacity who during the
period of active warfare were willing
and glad to serve their country al
l great personal sacrifice. / have come
/ to learn that there are heroes in the
/ civn establishments as well as In the
military services, self-Sacriheing pa
triots who toll year In and year out foi
a bare pittance when they could com
mand salaries double or treble the
amounts they receive from the govern.
lnent. but who. TO" the love Of their
I country n,.1 for the love of their
work, have rejected alluring offers in
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03

the field of private enterprise. They
were to, fine and too patriotic to leave
their posts
Under the compelling force OF pa
triotism they made willing sacrifices
| during the war, but with the return OF
peace the government cannot expect
to retain these employees indefinitely,
because In justice to themselves aad
their families they viii sooner or later
accept the larger opportunities that are
open to them in the world of business
and industry unless the government
proposes to pay them salaries that at
least reasonably approach the value Of
their services.
"Only prompt action by the congress
to build up a permanent and dignified
civil service which will include men
of great ability and high attachments
can prevent mistakes and failures In
the transaction of the public business,
the consequences of which may be
calamltous."
Ex-Representative Good, who was
chairman of the appropriations COM
mittee of the house, is equally frank !:
To-day duplication in the govern
ment service abounds on every hand.
For example, eight different depart
ments of the government, with large
overhead organizations, are engaged
in engineering work, in navigation ir-
.rigation and drainage; eleven different
| bureaus are engaged ia engineering
research; twelve different organiza-
| lions are engaged in road con-
struetion, while twelve, with large
| overhead organizations, are engaged
in hydraulic construction and sixteen
are engaged in surveying and man
ping. Sixteen different bureaus axer-
| else jurisdiction over water-power de-
| velopment. Nine different organiza-
tions are collecting information on the
consumption of coal. Forty-two ,7lffer-
ent organizations with overhead ex-
| penses, are dealing with the question
! of public health.
THE Treasury department, the War
department. the Interior department
and the Labor department each has a
bureau dealing with the question of
general education. These departments
operate independently; instances of CO.
operation between them are excep-
tional. Each Of these departments is
manned at all times with an organiza-
tion prepared 10 carry the peak of the
/ load and maintains an expensive
ready-to-serve personnel. A lack of
/ cooperation in the executive depart
ments necess srilv leads to gross ex-
travagance. The system is wrong, and
! congress alone can change the system
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03
VII.
WHY GOOD MEN DODGE

The government service must look
largely TO the graduates from colleges
and universities IN recruiting for its
technical work. Replies to an inquiry
addressed to some forty of the leading
colleges and universities of the coun-
try 10 discover what class of men took
civil service examinations, whether
the number is decreasing and, if so,
the reasons, disclose wildly what the
training schools of technical and scien-
tific men think about the government
as an employer. They warn their
graduates against government service,
and the graduates heed the warning.
Carnegie Institute of Technology
at Pittsburgh, reports:
1t is certainly true that the best of our
graduates are not Interested in govern
ment employment because they feel that,
first of all it does not pay adequate sal
aries, nor does it offer opportunity for
advancement that private enterprise does.
This spring 1 interviewed all the mem
bers of the graduating class, except the
women, and none of them would consider
government employment, although there
were many positions open. There
institute, and l will venture to state that
not more than ten are employed by the
government.
Replies of similar tenor and import
were received from the University of
Chicago, Leland Stanford university,
Massachusetts Institute of Technology.
Princeton university, Indiana univer-
sity, and the University of Wisconsin.
Inequality of compensation is one
of the chief reasons that deter scien-
tific men from going into the govern
ment service. Congress fixes the sal,
aries of most of the government en-
ployees. | can give a concrete illus
tration of how it determines the sal
aries of scientific men.
DIR. Leland o. Howard and DIR. Ed
ward w. Nelson are two scientists in
the employ of the government who
have national regulations.
The appropriation bill for the De-
partment of Agriculture was under
consideration in the house on. January
Both, 1920. The secretary of agricul-
ture had been recommending for five
or six years that Doctor Towards
salary be increased from $4,000 to So
600. He proposed it again in that
years bill. When the item was reached
in the discussion on the floor, this col
loquy ensued:
Mr.. Stafford-Mister Chairman, re-
serve point of order on the paragraph.
is the entomologist whose salary you
propose 10 increase the same person rec
commended for an increase last year?
Mr.. Lever Yes; he has been in the gov
eminent service many, many years.
The Chairman-I make the point of or
der.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03
Copyright. Western Newspaper Union
by EDWARD G.LOWRY

I Mr.. Leyer-I concede it,
Mr.. Mclaughlin OF Michigan-WiI the
| gentleman reserve his point of order?
Mr.. Stafford-I will reserve it.
Mr.. McIaughlin-The committee made
! the recommendation to increase the sal
4 airy $500, took testimony on it and con-
/ sidered 1t very carefully. In our judg-
ment the increase in salary ought TO be
made for an official who has been in the
department, as the chairman says, for a
4 long time al the head of this bureau. He
has performed able and faithful services.
| The salary is less than that paid to the
heads of other bureaus. We felt, after
listening to all that was said, and with
knowledge of the work he has been doing
/ and has done, the salary proposed is not
4 too large.
Mr. stanord-How long has he been
| there?
Mr. Lever-He has been there forty -two
| years.
Mr. stafford-what is his age?
Mr.. Lever-Over sixty. perhaps nearer
seventy, but he is still vigorous and able
to do good work. He is one of the
| greatest entomologists in the world
The Chairman-The point of order is
sustained.
Five minutes later the matter of
Doctor Nelson's salary was reached.
The secretary of agriculture recon-
mended, an Increase of his pay from
$500 to $4,000. This happened:
! Mr. Staford-Mister Chairman, I re-
serve the point of order on the para
| graph. VIII the chairman of the COM
| mittee inform the house as to how long
/ this biologist has been in the service
of the government and how long he has
heen receiving the present salary of $500,
! on which you recommend an increase of
| $500?
! Mr. Lever-Mister Chairman, this gen.
| tleman, whose name is Nelson, has been
| in the service of the department since
| November, 1890. He has served as chief
/ field naturalist from 1897 to 1912, and was
assistant in charge of the biological in
vestigation, from 1913 to 1914. On August
G, 1914 he was appointed assistant chief
/ of the bureau and on December /, 1916.
! was made chief of the bureau. He took
the place of Doctor Henshaw.
! Mr.. Stafford-And the salary has been
| 81, 500 since 1916?
| Mr. Lever-Yes.
Mr. Stafford-What is his age?
! Mr. Lever-I should think that Doctor
! Nelson is round tTty years of age.
Mr. Stafford-He is not superannuated.
Mr.. Lever-Oh, no, he is a very vigor-
! Gus man.
| Mr.. Stafford-Mister Chairman. / with
draw the point of order.
Doctor Howard was refused bis in
crease of pay because he was too OLD,
cover sixty. perhaps nearer seventy"
Doctor Nelson was allowed his in
crease because he was not superan-
nuated but in his prime, round fifty
years of age"
Now, as a matter of fact Doctor
Howard is more than two years young
or than Doctor Nelson. Is it any Won
der that scientific men of any attain
ments are reluctant to enter service
where the measure of the value Of
their services is set down in any such
haphazard ard casual way2
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03
MOTHER! CLEAN
CHILD'S BOWELS WITH
CALIFORNIA FIG SYRUP

Even a sick child loves the "fruly'
taste of california Fig Syrup" If the
little tongue is coated, or If your child
is listless, cross, feverish, full of cold,
or has collie, give a teaspoonful to
cleanse the liver and bowels. In few
hours you can see for yourself how
thoroughly it works all the constipa.
ton poison, sour bile and waste out Of
the bowels, and you have a well, play.
full child again.
Millions of mothers keep "Caltfornls
Fig Syrup" handy. They know tea,
spoonful today saves a sick child to.
morrow. Ask your druggist for gcnu
Inc California Zig Syrup" which has
directions FOR babies and children Of
all ages printed on bottle. Mother
You must say california" or you may
get an imitation fig syrup.-Advertlse-
ment.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03
Substitutes for Rubber.

Combinations of llnseed peanut, rape
or mustard oil with sulphur form rub
berlike substances, which are said to
be used TO a considerable extent In the
manufacture of india rubber COM
pounds. Pure, unvulcanized india ruO-
Der will float. nearly submerged, in wa
ter, while the oil substitutes, being
slightly heavier in proportion to their
bulk, sink.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03

cuticUra Soap for the Complexion.
Nothing better than Cuticura Soap
daily and Ointment now and then as
needed to make the complexion clear,
sealD clean and hands soft and white.
Add to this the fascinating, fragrant
Cuticura Talcum, and you have the
Cuticura Toilet Trio.-Advertiseme
We may put off doing unpleasant
duties, but we never forget them.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03

An old bachelor says that time is The
only cure for lovesickness.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03

Chickens that come home to roost
have more sense than some men.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03
Decidedly Blue.

The blue and the gray-a woman
with her first white hair.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03

sister and sister-in-Iaw tale {.
nave only the highest praise for !. 40
mas been household word in y
mothers house for years ~ ny
kATHERYN LYND, 2431 Gladvs A .at~
Chicago, Ill ave.
A Little Book Helped Her to D..;l.
Milwaukee, Wis. "Mv d.. us
TOOK Lydia z. Pinkham's VegetaSis
compound as she was so weak ans
did not feel like going to schooI S Sll
was like that for whole wear baf o,S
taking your Vegetable Compon1gO :
found little book of yours in ~, !
mall-Sox and decided to give her III ~
medicine. She is now strong and mn I9
and attends school every dav W.
recommend your Vegetable Con-
pound to all mothers with weaL
daughters, You may use this letta.
as a testimonial. Mrs. E. KIuCzNTy'
9l7 10th Ave-, Milwaukee. Wis.
81 was always feeling tired o..
sleepy. was losing in weight snS S
would faint at times. ] had otbos
troubles too, that made me feel had
ly. read your little books and besr5
friends talk about the good lydia p
Pinkham's Vegetable Compound bs5
done them, so / have taken it too
The results are most satisfactory. fl.
l have gained in weight and nv ba5
symptoms are gone. l recommend
your Vegetable Compound to all nv
friends and you may make whateve,
use you like of this letter. "-GI0BG.
RAMIREZ, 1116 9Th Ave. Tampa
Florida.
te Textbook upon ssAilments
t you free upon request. Write
cine Co., Lynn, Massachusetts
''
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03
STATE is TIED UP
BY SLEET STORM
Rail ROAD AND WIRE SERVICE
ARE SUSPENDED FOR
SEVERAL DAYS.
GREAT HAVOC IN FOX RIVER WILEY

Electric Light and Power Shut OFF in
Several Cities as Result OF Broken
Wires-Worst Sleet Storm in Wis
consin's History.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03
YOUNG GIRLS NEED CARE
Mothers, watchyourD aughters'Healtb
Health Is Happiness

From the time a girl reaches the
age OF twelve until womanhood is es-
tablished, she needs all the care a
thoughtful mother can give.
The condition that the girl Is then
passing through is so critical, and NAV
have such far-reaching effects upon
her future happiness and health. that
1t Ii almost criminal for mother or
guardian to withhold counsel or ad-
vice.
Many a woman has suffered years
OF prolongedpain and misery through
having been the victim of thought
lessness or ignorance on the part of
those who should have guided her
through the dangers and difficulties
that beset this period
Mothers should teach their girls
what danger comes from standing
around with sold or wet feet, from
lifting heavy articles, and from over
working. Do not let them ver-study.
II they complain of headache, pains
in the back and lower liia5s, they
need a mothers thoughtful care and
sympathy.
AHOusehpld Word in Mothers House
writes MRS. Lynd, about Lydia E.
Pinkham's Vegetable Compound.
MY mother gave me Lydia E.
Pinkham's Vegetable Compound
when / was IA years old for troubles
girls often have and for loss of
weight. Then after / married / took
the Vegetable Compound before
each child was born and always when
felt the least rundown. Both my
Lydia e. Pinkham's Priys
Peculiar to Women" will be SCI
20 the Lydia Il. Pinkham Med
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03

The man who gets as large a salary
as he thirGs he deserves is overpaid.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03

Lydia E. Pinkham's Private Textbook upon "Ailmen+,
REGULAR to women viii be upon request Writ
20 the Lydia Il. Pinlham
This book contains valuable
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-03-03

Let your face reflect happiness.