davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-04-12
sTRoMBERG NET LOWERED.
Reports Final Profits Of es1,6.0
for Last Year.

The Stromberg Carburetor Company
OF America, Inc, reports for 1921 net
profits of sSl.67o after charges and
Federal taxes. or s1.0S a share earned
on the $4,000 shares Of It's no par capital
stock. Those figures contrast with net
profits OF s3ao o., or e4.53 a share, ~
1890. The company's gross profits
dropped from s7s7.443 to s422.236.
The balance sheet shows cash $2S2.t5s.
againet si09,322; notes and accounts
receivable s203.763. IN contrast 10 s247.-
$40 inventories s522,ii7. against ss4i,-
ZOE; accounts payable s55.Ssl. II
contrast to st33,403. The company paid
off $4,000 of notes. Its surplua In
creased from s2.344,e43 10 s2,434,35o.
The New York herald., 1922-04-12
CROMWELL HAS CLEAR TRACK.
VIII BE Reelected President OF
stock Exchange May 8.

Seymour L. Cromwell. the incumbent
ia the only candidate for president OF
the New York Stock Exchange at the
annual election Nay s. Warren u. Nasn
Is slated to succeed himself ao treasurer.
The nominations for members OF the
governing committee for for- years are
James c. Auch,nc,oss, Oliver c. Billings.
Dexter Blagdon, Edga- Body. JaJ y.
Carlisle, Robert Gibson. r. I. II. Iia.sey'
Ja1nes b. Mabon, Samuel VI. Newburger
and l.. Martin Richmond. Chalmers
Wood. .Jr., has been nominated as gov
ernor for three years and Bertrand :.
Taylor, Jr., for one year. Henry y
swords will be made trussec OF the
Gratuity Fund for five years.
The New York herald., 1922-04-12
NEW NATIONAL CITY OFFICER
Fnrnham Retires as vice-Presi
denti DurreII Elected.

At meeting yesterday the board OF
directors of the National City Bank ac-
cepted the resignation OF Roger L. Farm
ham, q vice president. J. II. Durrell,
an assistant vice-president In charge OF
Cuban branches, was elected a vice.
president.
1t is understood that Mr.. Farnham
resigned to engage In a business enter
prise. ]. Fl. Durrell has had twenty
seven years of active banking expert
cnce. He became connected with the
National City Bank in 1918.
The New York herald., 1922-04-12
MONEY MARKET


Mixed collateral, co to 10 days......... IA
Mixed collateral. 70 months. 4ts
Industrlals, 60 to 10 days. .............. AZ
Industrials, 4 TO months. ............... AZ
COMMERCIAL PAPER.
Best Names to 6 months. .4tsa74H
DISCOUNT RATE, RESERVE BANK
Commercial paper, sl5 days. IA. 80 to 80
days. AZ: Liberty bonds and Victory notes.
10 days, AZ: i6 to 90 days. AZ. bankers
acceptances, is to 90 days, ~.
'Fixed November .. Previous rate. 5.
fixed September 81.
OPEN MARKET RATES.
Call loans and acceptances. .............s 81
Discount rates on prime bankers accept
ances eligible for purchass by Federal re-
servo banks:
Bid. Ask. Bid. ASK
30 days. ..... 3M 3%l 90 days. 3H 3S
go days ...... Sh 3ssli2o dnys... 3ia Sl
CLEARING HOUSE STATEMENT.
Clearing House exchanges, 1894. .7oo, ,c0o; ;
balances. $50 500 900: Federal Reserve credit
balances, S67 100000.
SILVER MARKET.
Official bar silver In New York domestic
9eHc.. unchanged: foreign 65ssc.. off isc. !;
London, 33i5d., unchanged; Mexican dollars,
50i4c. unchanged.
Range OF silver prices this year:
London ....... .35jfd., Jan. Q 3ojsd., Feb 20
New York. .66Ac., Jan. 10 62stc., Fob. a9
The New York herald., 1922-04-12
OPEN MARKET RATES.
CLEARING HOUSE sTATEMEN
PENNSYLVANIA OIL.

OIL CITY, April io.-Credlt balances,
1925: runs, 47,5i6 bbls.: average, 41,2I1;
shipments, 81, $50: average. $500.
The New York herald., 1922-04-12

The balance sheet also shows up
badly. Receivables have dropped about
ST, ,000, 900, while inventories have in
creased almost $7,000.Ooo. At tho Same
time, notes and accounts payable have
jumped from s1,24s.s:5 to s1s.5s6.1ss. Sur
plus was reduced from ssc,oS2.6i9 to
S23 $3.50.
The New York herald., 1922-04-12
1921 BAD YEAR FOR
PAPER COMPANY
International Reports Loss Of
S1,166,282, Due to Depres-
sion and Labor Trouble.

The losses OF the International Paper
Company during the last year as a result
Of labor troubles and the general bust
ness depression, were revealed yester-
day when its report for 1921 was made
public. The report disclosed loss o.
s1,166.2s2 after charges, against a prof.
of s11.836,362 in 1920. Total revenues
declined from s2l,239.065 to s1s542,641.
The companys plants were closed sew
eral months during the year as a result
of labor disturbances.
The following table Shows the chief
items of the income accounts Of 1920
opd 1901.
The New York herald., 1922-04-12
REELEcrs.

CKrcAoc, April 1.-THE Chicago and
Northwestern Railway in its annual
meeting to-day reelected the following
directors whore terms had expired (:
Chauncsy M. Depsw. David Kimbail.
Gordon Abbott. Charles Trick, MarHhaii
REID ard Ssnuei L.nde
The New York herald., 1922-04-12
$15,OOO,OOO
Province of Ontario
DOMINION OF CANADA


o
5W Thirty Year Gold Bonds
NoNcALLABIE -
%
'#s" & G S LHa" "c"a" Coupe"
s:s a.: :: : ss : The s, 7ssss:
mMs dne there IS include 10 oAumga amounts smuaM
IN
al .:.
Electric
@ @ss% $ IL ~
Aan
AnnuaDo nnionCo nmntS
Populate
tn In TO
til, combnd terhor Staesk known
adNG it nes
Its power to a m the i
hanu % is aordnar
for
than
Of
rnaamcnn i'll aMowdm mAn he gniugd hmde
99A andI Interest Yielding about 5.O595
F@ n
Dillon Read & Co. The National City Company
Harris, Forbes & Co. Guaranty Company of New York
Ts.ss@%1s ~ s IS ss@ @SS%%
The New York herald., 1922-04-12

This business has developed since 1909
from AZ stores with gross sales Of
Ss,l16,ooo to 100 stores in 1921 with
gross sales Of Sss,S5o, 900. These results
we're accomplished with margin Of net
profit ranging from 5o4fo 10 $3.50,
which is remarkable record.
The 1922 edition of our Kresge pamphlet
ton contained therein, based on official ds
authoritative and should be Of particuls
seaI i
The New York herald., 1922-04-12
CIGAR STORE SALES DROP.

The United Cigar Stores March sales
were S6,013,3s4. in contrast TO $6.496. sos
In March, 1921. In the first quarter of
this year its sales were s16,723,144
against s1s.179,399 in 1920
Evening journal., 1922-07-19
RADICAL APPEALS
MENACE NATION.

From the Milwaukee Sentinel.
There never was time in the his
tory of our country when sober
thought, calm speech and broad
tolerance were more imperatively
necessary to the public welfare than
now.
The nation has not yet recovered
from the strain of war. a strain
which bore upon the nerves and
spirit Of the people even more heav-
lily than upon their material re-
sources.
In such a period the minds Of men
are not normal. their passions>are
easily swayed and an appeal to class
prejudice or to fancied selfish IN
terst is more potent than in ordi-
nary times.
These things no doubt. were up
permost in the mind of President
Harding when in his admirable
speech at Marion, he pointed out
the menace of the man who appeals
to prejudice and infames passion,
when sober judgment and honest
speech are so necessary to establish
tranquility and security"
The Ills which beset the people
of tie United States. in less degree
than those of other lands but which
nevertheless exist can not be cured
Evening journal., 1922-07-19
A POSTAL ECONOMY.

From the Rochester Post Express.
Postmaster General Work is in
favor Of ownership by his depart
ment Of every postofice building in
the country. that is. OF every build
ing that houses a postofice. He has
examined leases of buildings or parts
of buildings occupied as postofices.
and finds that the rentals for ten
and twenty years would In many in
stances have paid for the buildings.
II the rental pays for n building in
ten years. the rate is excessive, but
II IS not If it takes twenty years
for It TO cover the selling value
of the building. However. in many
cases, the postof1ice does not occupy
Q whole building, and therefore IL
the rental pays for such building,
even in twenty years. It is an ex-
cessiye rental.
It would appear. from the facts
submitted by E1r. Work that his
proposal is practical. The govern
ment is in the postal service to stay.
II it pays rent for a building until
Evening journal., 1922-07-19
RooKEFEILER's DIMES

lrENHE worlds richest man. John d. Rockefeller, goes
Il TO a circus. Like many wilmingtonian has done
laughs the clowns feeds peanuts to the elephants
sppisnds the acrobatc acts and buys pink
lemonade and hot dogs"
| All around. IT a complete circus day. even to his
daug hter-in-law having tintype taken the Mid
way.
"It brought back memories OF boyhood days" said
John d.
And It probably is a safe bet that he had the best
time on circus day that he had had in year. though
the diversion was Of the inexpensive sort within the
means of the man who count the dollars OF his
weekly pay envelope on his fingers.
The greatest Joys OF life. for rich or poor involve
simple things And greatest pleasures are mex
pensve. Money desirable, but it is not everything
This may be patitudinous. Most platitudes however
are and philosophical
The mob that followed John d. Rockefeller about
the interested in the dimes he gave to
200 of the fun producers.
Observe his system-only dime TO each person.
and always a bright, spankng-new dime, fresh from
the mint.
John D. always carries a pocketfu Of dimes-and
never appears in public without distributing some OF
them.
He is rich enough to distribute IS gold pieces They,
however would be spent quickly. He is shrewd enough
to know nearly every would save dime from
the worlds richest man. lucky piece
In his unique psychological way, RacRefeer is try
ing to impress the public with the value Of the humble
dime. Pennies might be hurled back at him in de-
rision. except drunken men ever threw away
dime. Probably John d. is like the rest Of u.s. and
would spend dollars OF trying recover dime
lost through a sidewalk grating.
You see Rockefeller with his dimes spreading the
wisdom Of thrift with all theatrical instinct
of Phneas T. Barnum.
After ALL 1t was thrift that him his start back
in the days when he bookkeeper oiling for s85
month.
He learned to handle dimes before he was able to
handle dollars. So did Henry Ford. when he was
machinist. So did schwab, when he day-worlSer
in the steel mills
Comfortable financial independence is a matter OF
plain od-fashioned thrift though expanding the mod
est fortune to a gigantic fortune depends on ability
and chance
Evening journal., 1922-07-19

blot on the American name when Of
fcers of he law give up 1leir lives.
as Sheriff Duvall gave up his life. in
the night for the duty he was under
oath 10 perform and for the law 1t is
the sacred obligation OF every Ameri-
can citizen TO maintain against crime
and violence.
And while the nation feels its
proud gratitude 10 the dead sheriff
and his deputies who never faltered
In defence of American law, principle
and tradition, The New York Herald
again reminds all in the seats of au-
thority Federal. state and local, that
the place TO check lawlessness is at
It's first step beyond the bounds. at
coal mines, on railroads or any
where.
The time to uphold the majesty OF
sovereign law Is before 1t ever has
been dragged into the mire. The
way 10 be American is 10 resist mob
violence at the start as Sheriff Duvall
of Brooke county, West Virginia, re-
sisted II at the start. and to die as he
died. when death It must be, in re-
sistance to the end.
There is no other way-for the
man In the humblest path; for the
man in the loftiest post.
Evening journal., 1922-07-19

marine is to exist at all, it must nec-
essarily reduce wages and other
standards TO a foreign basis unless
some form OF governmental pro-
lection is given. Our coastwise trade
has survived only because foreign
vessels are excluded from it by law.
No form of economic protection to
vessels engaged in foreign trade is
practicable except a Subsidy. The
subsidy is the equivalent of a pro-
tective tariff granted other indus
tries, and is relatively no more ex-
pensive TO the public-than is the tar
if.
We now have hundreds of fine
vessels, built at tremendous cost,
literally rotting in idleness while the
surplus products of this country are
carried in foreign bottoms at great
profit. We know what happens to
American goods transported on Jap
anese railroads in Manchuria. If in
competition with japanese goods
the American products are subjected
to loss. tremendous delays. etc. So
IL is with American trade in foreign
bottoms. II is handicapped in a
multitude of minor ways too numer-
Gus TO be detailed here. This is
but one aspect of a merchant ma
rine being an economic corner stone.
We can take Mr.. Lasker's word for
Its being true in a general sense.
The close interrelations between
the merchant marine and the Navy
is obvious. The marine is reser-
voir OF maritime personnel to serve
as a war reserve. Merchant ships in
great numbers are needed to supply
an actively operating fleet. Mer-
chant ships OF certain types are use
full for conversion into fighting types
and may add greatly to the aggre-
gate strength OF the fleet. Limita-
ton of naval strength by agreement
more than ever the rela-
tive Importance of merchant ships
for combatant uses. Especially this
true OF the merchant liners. which
can be transformed into excellent
cruisers and ariplane carriers. And
L is the American liner which needs |
a subsidy most to enable it to meet
foreign competition.
Evening journal., 1922-07-19
RESPONSIBILITY DETERMINED

nIscERNING wimingtonians no doubt recognize
IL the fact that insincerity OF the Democratic
party impressivey exposed few days ago by SEN
ator James E. Watson, of Indiana, when he read to the
Senate that of the Democratic national platform
of 1915 which dealt with the subject of coture The
platform said:
I'VE favor such alteration of the rules OF procedure
of the Senate United States will permit prompt
transaction of the nations legislative business"
As pointed out by Senator Watson this the first
national platform mention the subject OF limi-
tation Of debate in the Commenting upon that
Platform plank. Senator Watson said;
That very concise and emphatic declaration
in favor OF limitation upon debate this body. 1t will
be recalled that in the campaign that year woodrow
Wilson the candidate for the Presidency on the
Democratic ticket referred several occasions this
plank the Democratic platform. and insisted that
some limitation should be placed upon debate in the
Senate Evidently the plank had been received with
much favor throughout the country In that campaign
that the Democratic party in convention assembled
thought worth while to repeat in the platform of
1920 and that year in exactly the language. the
same plan again was incorporated So that so far as
solemn declaration of purpose is concerned nothing
could be more emphatcaly stated than the intention
Of the Democratic party thus announced IN +vvo con
rentons and also the unequvocal declaration NJ tho
candidate for the Presidency platform INSISTING
tnat this promise should be redeemed in good faith
In 1917 cloture rule adopted with the support
ing votes OF poth democrats and Republicans The |
rule Is part OF the rules the Senate ana ,o
tie petition of fifteen more Senators the ousst,o
whether the rule shall be invoked is laid before tb
Senate ana determined by a two-thirds vote
OF that rule the Republicans endeavored
to debate the tariff bill after the debate had
been proceeding without Limitation for many manv
weeks
Notwithstanding the cloture proposal had Originated
with the and they professed to be earnest
advocates of prompt enactment OF legislation they
solidly against the motion limit debate TO one
each Senator during the remainder of the dis
cussion.
Thus they proong the debate indefinitely and defeat
Evening journal., 1922-07-19
A GREAT ACHIEVEMENT.

From the New York Tribune.
The United States Postofiice De-
/ partment makes the highly impor-
tant announcement that not one IA
| tai accident has occurred in a year
of mail carrying by airplanes.
During this time planes flying be-
tween New York and San Francisco
covered l,75O.000 miles. More than
40,0O0,000 letters.' with total
weight OF 1.224,5OO pounds. were
delivered safely at their destiDa-
tions.
This is one OF the most notable
achievements in the history Of
flight. The element of danger has
attended the development of the air
plane even to greater degree than
It attended that of steam or gaso-
line transportation.
Accidents I'm the air have been es-
pecially spectacular and awakened
hitherto unknown 1errors, for man
was veDturing for the first time into
the skies and risking death in a
new and hideous form.
What earial mail carriers have
done to make flying safe will do
more toward the progress of AFR
plane navigation than all the stunt
flying that has ever sent shudders
through watchers OF the skies.
The record of the postoffice fly
ing division is the best assurance
that can be given that the. time is
soon coming when men may journey !
across continents and oceans in fly
ing machines as on trains or trans |
Atlantic steamships.
Evening journal., 1922-07-19

It virtually pays for the building,
it must commit the extravaganza of
continuing the paymentThis is not
thrifty. as banks. real estate men
and others interested, not alone fin
ancially, but enthusiastically. in the
welfare of our people are continually
telling the wage Garner The buy a
home" movement is just as ecoDom-
ical for tho government in the case
Of an activity like the postohice as it
is for the private individual depend
ing upon his daily work for his shell
ter and support For the government
to keep on paying rent for building
or a part Of it after 1t has already
paid for the building is foolish.
Evening journal., 1922-07-19
The Vest Virginia Battle
(From the New York Herald)

In the outbreak of striking miners
and a frenzied mob at Cliftonville.
West Virginia. yesterday, there was
violence and there was slaughter.
But. thanks to outstanding manhood
and unflnching authority. there was
not the unspeakable butchery and
there was not the official infamy
which have left an indelible stain on
Herrin, Illinois. and on those of that
community charged with the uphold
ing OF public authority and the en-
forcement of American law.
On the contrary, the West Virginia
sheriff and his deputies. outnum-
bered though they were ten to one in
the general battle and forty to one in
some of the side struggles, fought
with courage and honor, fighting to
the death, until the mob was driven
off. 1t is. men like these on whom
depend our institutions and all the
hopes of a sane world.
1t Is a sickening travesty on en-
lightened human beings that such
things as the West Virginia mob vio-
lence must be anywhere in civiliza-
tion. and It is a modification of the
spirit that they can he in
this country. But at least even such
an outburst 10 not an lnexpungable
Evening journal., 1922-07-19
ENFORCEMENT THE THING NEEDED

DREcAUTIoNs which should be taken to prevent the
Il spread of communicable and contagious diseases
well known to members of the medical fraternity.
Therefore. with many laws and ordinances existing
a base the wilmington Board OF Health and repre-
of the medical societies should expert
little difficulty in framing a ordinance In that
behalf and submitting It to City Council
We imagine however that unless the new ordinance
proposed be enforced better than health ordinances
have been enforced in the past it will little diff
ference what the Board of Health officials and the
medical society representatives do in the matter
Lack OF proper enforcement rather than lack of law
and ordinance has been the chief trouble here
The average quarantine ordinance in Wilmington
seems to made be broken to the hope"
Evening journal., 1922-07-19

/ from abroad TO put us on our eco
nOmic feet again"
As a matter of fact, the foreign
obligations of Russia are not large,
measured against her huge popula-
ton. vast national wealth and poten-
tial productive capacity. There is
good reason for believing that the
claims OF France. Great Britain and
Belgium do not exceed $4,000. .000,-
600 gold francs. and their claims
cover the great bulk of all Russia's
foreign obligations.
This sum OF $4,000, 600. 900 gold
francs is in round numbers four bill
lions az dollars. Russia could not. Of
course. pay four billions of dollars IN
gold for many years. Russia might
not be able TO pay in gold the mere
interest on four billions. of dollars
for several years. But If Russia got
time. and she would have to get time
for the settlement of these debts. it
would be mere child's play for so
great a population OF such stupen-
dous national resources TO begin
making substantial payments In raw
materials and other commodities
within a comparatively short time
after an International loan enabled
Russian industry to dig itself out OF
the ditch and proceed on It's way.
And that Is what the creditor Powers
of Europe need-raw materials and
other basic commodities.
1t is all a question of faith. honor
and sense-the sense TO know that
nations and individuals will not lend
money TO anybody that repudiates
his obligation 10 pay. The Russians
as a race have the faith and the
honor. The Soviet rulers must have
the sense. II thye haven't it now
they must get It before they can get
their IOan
Evening journal., 1922-07-19
Russia Still EyGng the Loan
(From the New York Herald)

The Soviet rulers do not like
breaking up the Hague conference
as much as they seemed TO be willing
to have the other Powers think they
did. They want money, and each
time II comes to the test they do not
withdraw beyond shouting distance
or their only chance to get it. They
cannot smack their lips over the
loan; they still want 10 eye II.
This only chance is an interna-
tional loan based on the Soviet Gov
ernments acceptance OF Russia's OBJ
llgation TO pay when and as she can
the old foreign loans repudiated by
the Lenine-Trotzky regime and TO
fecompense foreigners for the confis-
cation OF property they owned in
Russia. Nothing else will do. No
matter what they say, the Soviet
rulers know nothing else will do.
Ihere Is some force IN the conten-
ton OF the Soviet representatives
first at the Genoa conference and
next at the Hague conference that
their government cannot tell in exact
terms what 1t can do and how II will
90 II IN the way of reassuming the
old obligations until IL knows what
help II can get from abroad to set the
Russian Industrial machinery in mo-
tlon again. But that does not alter
the fact that It would be a very sim
pie thing and the only responsible
and honorable way for the Soviet
Government to say. I'VE do acknowl-
edge orr inst and ho,nAau obrf~-o
tions. We want to meet them. We
are going to meet them. But we
must work out with you the details
OF the payments and other methods
Of restitution in accordance with our
means and ability as determined by
the extent OF the help we can get
Evening journal., 1922-07-19

by setting men against each other.
by arraying class against class or
by inhaming passions by iDtudiciouss
appeals.
If the problems are 70 be solved
they must be solved by the processeS
of calm discussion. mutual forbear-
ance and a willingness to meet on
common ground, making a mutuat
sacrifice to the end that the common
good may be subserved.
For in the United states there can
be no permanent prosperity or
healthy growth unless all classes oS
citizens are benefited. Those who
labor, as the President is laboring'
to impress this truth upon the peo.
pie are performing a service 10
their country. Those who, taking
cheap advantage of an existing state
of mind, seek to gain temporary per~
sonal advantage, acquire power Or
for the very love of mischief max
ing, try to destroy the faith Of their
hearers in the fundamental things
for which this government stands,
are a menace to their country and.
enemies of its people
Evening journal., 1922-07-19
CONSOLIDATION SHOULD BE BENEFICIAL

rT,HRoUGH the organization of the new Department
IL Of Animal Industry under the direction of Dr. c.
c. Palmer of the most capable and energetic
OF the faculty. the Agricultural Department of
University of Delaware should derive much benefit
and much useful purpose than It has done
in the past.
This department results from consolidation Of
the departments OF bacterology animal hygiene and
animal husbandry all closely related and exceedingly
important the work OF the university The consoli
will make possible for agricultural students
effectively in the work and make it
possible for the Agricultural Department function
in a more satisfactory