davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
Adds SAYS POWERS
MUST ACT In CHINA
Unreasonable to Hold Up De-
velopments While Waiting
for Stable Politics.

Sir Charles Adds, X C. M. G., chair
man Of the Honghong & Shanghai Bank
ing Corporation director of the Bank OF
England. and head OF the British Group
OF the Chinese Consortium, speaking at
luncheon in his honor given by Thomas
w. Lamont OF j. p. Morgan & Co., at
the Downtown Association yesterday
said that from conversations he had with
delegates in China anal Japan returning
from the recent conference at Washing
ton, he judged it was considered that
upon the whole honors had been divided
between the two countries.
The luncheon was held to give Sir
Charles an opportunity to meet the lead
ing bankers OF New York and members
of the American Group Of the Chinese
Consoftium. which was organized for
the assistance OF China in New York on
October Is, 1920. About thirty guests
were present.
Sir Charles recalled the great changes
that had taken place In China in the
twenty years since he had his residence
there in charge OF the HonglSong &
Shanghai Banking Corporation. He said
that the Young China party have been
encouraged by the decisions OF the re-
cent conference at Washington, and he
added that the delegates may b. con-
graduated on having achieved the high
est result of which such q conference Is
capable. He added
Incidentally the Washington confer
ence has set the seal of international
approval on the policy Of the con-
sortium and the principle on which 1t is
based. Our view has long been that the
center OF international politics was
shifting from the West to the East and
that the solution, of the Far Eastern
problem was to be sought in the sub
stitution Of international cooperation
for international competition in Chinese
affairs. l am returning from China
more profoundly impressed than ever
before with the infinite possibilities
for good or evil for war or peace which
lie in the proper handling of the Far
Eastern problem by the Powers con-
cerned. What is that problem? It is
the notification of China by the estab-
lishment OF strong and independent
central Government"
Sir Charles then explained that It was
not the people of China that were at
fault; that they would welcome the re-
union of the country, but that it was
the sway of the military governors,
called tuchuns, who by interruptions
and ruthless methods had usurped the
power of the national Government. He
said he was confident that this unlaw
full regime would finally come TO an
end. He continued: ct seems to me
unreasonable to hold UP the develop
ment of communications in China while
the Government is engaged, it may be
for a generation, in evolving a new
political system. In my judgment the
time has come for the consortium to
consider the practicability of nege-
tiating independently with an auton-
omous, or group of autonomous prov
inces. for the construction of specific
railway undertakings within their re-
spective borders"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
DIVIDENDS DECLARED
BY GENERAL MOTORS
Sales of Cars Increase and
Outlook Brightens.

Directors OF the General Motors Cor
poration yesterday declared its regular
dividends-s1.50 share on the 6 per
cent. preferred and per cent. debenture
stock. and s1.75 share on the per
cent. debenture stock--all payable May
/ TO stockholders OF record April z.
After the meeting, p. S. du Pont, presi-
dent. issued a statement. saying:
''The position Of the corporation is
very satisfactory. Bank loans, now at
s4l140,000. have been reduced $500
600 since the beginning of the year, and
cash. now at $4,000, 600. decreased only
100000. making the net Improvement
in cash position s4,4So,0O0.
Sales of motor cars, according to pre-
liminary figures, for January were
5000, February 20,664 and March
10000, a total OF $4,000. This com
pares with 5S,4SS in the previous quar-
ter and with 30,o23 In the first quarter
OF last year.
'All divisions arc enjoying a sub
stantial increase In business and reports
indicate strong retail demand this
spring and summer
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
BRAKE SHOE NET LOWERED.
American Company Reports Less
Income for 1921.

The American Brake Shoe and Foundry
Company's net increase for 1921 was
$1.320,27t after all charges and Federal
taxes. or SAL share earned on the
outstanding 14s.S54 shares OF Its no par
common stock after dividends on its
subsidiary and preferred shares. Those
figures contrast with $2,571,S4S, or
s130S a share, in 1920.
The balance sheet shows cash. $780,
066, against S5s0,155 in 1920: accounts
receivable. S2,79S,222. in contrast TO
$t,757.5S0: Investments &c, s9s5,39s.
against s1se.s65 accounts and wages
payable $1,110,S73. in contract to s3.321.-
500. The company paid off s254,00o in
notes payable during the year, but its
surplus dropped from sS55,941 in 1920
10 $46,T36.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
TAX EXPERTS TO TOUR
COUNTRY AS SPEAKERS
Will Address Amy Body of
Business Men Who Ask Them.

NJ. L. Seidman, will soon begin a speak
ing tour OF the United States under the
auspices OF the Committee of American
Business Men. They will speak on the
principles of taxation before any body
of business men which desires to hear
discussion OF the subject.
Temporary officers of the business
mems committee are William Forbes
Morgan. acting president; l.. #. Loree,
president OF the Delaware and Hudhon
Railroad. vice-president; JUGS S. Bache
of ]. S. Bache & Co., treasurer. and
George Henry Payne. editor OF the
Forum, secretary.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
THIRD AVE. DEFICIT CUT.

Third Avenue Railway system reports
for February a deficit OF s25.510 after all
charges. contrasted with a deficit OF
s14t,9S7 for tho same month year ago.
Gross operating revenues aggregated
s1.013.430, an increase of s54.G27 over
February, 1921. while its total operating
expenses decreased s45.659 TO s769.s05,
resulting in operating income of s169.-
ss4 after taxes, compared with s62.0S3
In the preceding February In the first
two months OF 1922 the company re-
ported a final deficit OF $4,000 after
charges. against deficit of s636,5i3 a
year ago.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
TURNS DEFICIT INTO PROFIT.
HomestaI<e Mining shows $40: q
share EarQcd Last Year.

The Homestake Mining Company re-
ports for 1921 a net income Of SASS, 49,.
after taxes, depreciation. depletion and
all charges. or $t.92 share earned on
the $25,1i6, 900 of its capital stock Ia
contrast to a deficit OF S313,s67 In 1920.
After payment OF dividends there was a
loss OF $14,133.
The companys balance sheet shows
cash increased from S139,77s In the pre-.
ceding year to s620.3s4 bullion in tran
sit increased from s2s2.537 to S333.15i.
Inventories dropped from S6St,065 to
$5Sf,155. Accounts payable were re-
duced from 100000 to $52.452. An in
crease OF s1,259,161 was made IN reserve
for depreciation and depletion, which
now totals s6,123.101.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
STANDARD OF KENTUCKY
STOCK AT S76 A SHARE
Bankers Here Get $4,000 Is
sue, Offered To-day.

Blair g. Co., Inc, have acquired 81 900
shares OF capital stock OF the Standard
Oil Company OF Kentucky, which is be-
Ing offered for subscription 10 the public
to-day at SIS a share on a when issued
basis. The par value is s25 a share.
G. T. Ceilings. chairman OF the board,
said the business OF the company COM
prises the refining OF oil and the dis
tribution and marketing OF its products
In Kentucky, Alabama, Mississippi
Georyia and Florida. Net profits last
year after all deductions were S2.717.-
592, exceeding the average OF the last
four years. Working capital, which at
the end of last year stood at s6.s41 600.
viii be increased by 100000 from adj
ditional stock.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
FINANCIAL BREVITIES
FROM THE DAYS NEWS
Northern Pacific Gains.
To be dated April I. 1922

The Northern Pacific Railway reports
freight hauled on It's lines during the
first three weeks OF March were 1895
cars. an increase OF 81 per cent. COM
pared with the 37,947 handled in the
first twenty-one days OF March, 1921.
or the former 1855 cars was the larg-
est single item and represented an in
crease OF 1895 compared with those OF
the corresponding period or 1921 and
was ascribed to preparations for the APP
preaching strike In mine fields.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
Belgian Bonds Called.

j. r. Morgan & Co. and the Guaranty
Trust Company OF New York have
called for redemption s2,so0.0 900 Of the
Kingdom OF Belgium's ~ per cent
bonds az 115 on June 1, 1922. In accord
ance with the terms OF the sinking fund
agreement The bonds, drawn by lot
range in number for the 81 900 denomi-
nations from "a TO 1925 and for the
30 pieces from 30 70 6,43t
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
NORTHERN PACIFIC BUDGET.

Approval OF additional items. includ-
ing purchase of 1000 freight cars. has
increased the Northern Pacific Rail-
ways 1929 budget to s19,000,000, ac-
cording to advices from Minneapolis. Its
chief items are s3,092,000 for rails and
track materials, 100000 for automatic
signal and interlocking equipment de-
vices. s3,950.oo0 for passenger and
freight cars. s1,30o.oO0 for bailasting
and s2,5oo.000 for uncompleted work
carried over from last year.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
tGc. 4 SHARE on COLO. POWER

Tho 1921 report or the Colorado
Power Company shows net income OF
si2f,i3s after expenses. taxes and de-
probation and which. after payment OF
preferred stock dividends, " equal 70
i6 cents q share. Those figure contrast
with q net income OF siT9.TS9. or 90
cents q share ON the common stock IN
1929. Gross operating revenue dropped
s122.5s4 70 s99S.S4i
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
Ratify Magma Copper Plan.

In special meeting OF the Magma
Copper Company's stockholders the plan
calling for a new Issue OF It's convertible
bonds not TO exceed 100000 and for
an Increase in It's capital stock from
s1.500.000 20 si,750.o00 was ratified.
The proceeds from the bond issue are
10 be used to build a spelter and widen
the Magma Arizona Railroad 70 stand
ard gauge
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29

Plans for financing by the Savage
Arms Corporation will be set under way
IA the annual meeting OF It's stock
holders on April 4, In which a plan au-
thorizing issuance and sale Of FIRST
mortgage bonds. ITO be issued when and
upon such terms and in such amounts
az the board or directors may decide"
will be submitted. The stockholders
will be asked TO approve In the meeting
a plan TO change the name Of the COM
pany from the Savage Arms Corpora
ton 10 the Savage Corporation.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
READING ORDERS RAILS.

PHILADELPHIA. March 2S.-The Phila-
delpha and Reading Railway announced
to-day that II had placed orders for
10000 tons of steel rails for delivery
IN the last half OF this year. The Beth
lehem Steel Company received orders for
10000 tons OF 100 pound and 1000 tons
Of 1870 pound rails. the Carnegie steel
Company for 5000 tons Of 1870 pound
rails and the Midvale Steel Company
for 1000 tons OF 1870 pound rails from
the road.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
New Grnphophonc Directors.

III the annual meeting OF the Column
bia Graphophone Company stockholders
yesterday the following directors were
elected: NJ. n. Buckner. Charles w
Cox. w, G.. Dickerman. Van Horn Ely
III. y. Fuller. q. II. Kinnicutt, Y. w
SHIRLEY. Harold Stanley. II. r. Thomp-
son, r. r.. McClelland. Douglas Parmen-
tier and II. l.. Wilson.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29

port shows for 92i net profit Of Si,155.-
e3763, or s14.49 q share, on the s7.9S3,-
600 Of It's capital stock outstanding.
Current assets on December 81 1921,
were S2.f6S.6TG,Sl, and current liablli-
tics. including reserve FOR Federal taxes,
S352.33725.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
NAT. LEATHER's EARNINGS Low

The National Leather Company FOR
1921 reports net earnings of s19716f
after charges and provision for accrued
dividends on the preferred stock, which,
added to the previous surplus. brings Il
up TO s1,f5s,952. The balance sheet
shows cash on hand s1.t93,5O5, accounts
receivable s4279.652. inventories sf5.-
T66.770, notes payable s2.4S0.122 and
gold notes due 1925 si0.00o,00o
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
Maine Loan Approved.

The Interstate Commerce Commission
has approved the application Of the Bos-
ton and Maine Railroad FOR a Govern
ment loan OF 100000 for the purpose
OF meeting at fts maturity on June 1.
1922. a previous loan Of similar amount
made TO the company IN May, 1920.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
I. ). 10 withdraw $4,000, 900.

The Government will withdraw s1S,-
000, 900 from the banks IN this Federal
Reserve district on Thursday
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
ELECTRIC FIRM TO EXPAND.

The Public Service Electric Company
OF Newark viii spend $1,000. 600 In the
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29

OIL CITY. March es.-Crcdi balance,
s3.2H. Runs N,t7f; sverars 81, ss7 chip
rcnts f9.223i ayersEe t2.ls5
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
UNITED STATES TREASURY STATEMENT

Special Dispatch to Tue Nrw YORK Inrnp
49, Bureau i
G.. rs
Rn,nnn clnannf hnainn March
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
MONEY MARKET.

TUESDAY. MARCH IS.
Renewals ......... ~ Last ..::.:....... -
High .............. 4HlYear's high.o.... 9
Low ............. 4AlYcar's low........ 3
TIME LOANS.
Mixed collateral, go 10 no days.. 4i4Tla,
Mixed collateral. 20 u months 5isn ~
Industrials, 60 TO 90 days....svN ..... 4Ii04k
industrials. 4 to months. ......... 4h0fA
COMMERCIAL PAPER.
Best names, 4 to g months. ........,..... ~
DISCOUNT RATES. RESERVE BANK.
Commercial paper. si5 days. AZ; 60 to 90
days, Az; Liberty bonds and Victory notes,
scceptances. rs to 90 days. ~.
.Fixed November 2. Previous rate. 5,
fixed September FL.
OPEN MARKET RATES.
caf loans and acceptances. ...,..... 3&qs
Discount rates on prime bankers accept
snces eligible for purchase by Federal Re
serve banks:
Bid. Ask. Bid. Ask
30 days.. ssi 3h 90 days.. %. ~
CLEARING HOUSE STATEMENT.
Clearing House exchanges, s794 900, 900;
balances $40. roo, 900. Federal Reserve credit
balances, sa0.3o0,ooo.
SILVER MARKET.
Official bar silver in New York, domestic,
a9Ssc.. unchanged; foreign. &c. up isc. /;
London, 33ssd,. up I'D; Mexican dollars.
Range OF silver prices this year;
New York. ...06Nc., Jan. 10 62%c.. Feb. rs
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
THE EQUITABLE
TRUST COMPANY
OF NEW YORK

was announced Yesterday nv John l..
O'Toole, assistant to the presidenG
Half the expenditure will be made the
\nrst year and most OF & VIII ee
spent on supplying additional GENERATING
capacity.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29
he close Of business March q

n. reaching tn. Treasury in July ar. Included.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-03-29

TUESDAY. MARCH IS
The Washington herald., 1922-08-23

MEET IN BALLROOM

Broadcasting by radio Of the ad-
dresses. Of notabies At the cny
Clubs weekly forum luncaeons was
decided on yesterday by the clubs
new civics and forum committee,
meeting for the first time under the
ehairmanship OF Claude w. owen,
to plan forum programs for the
om-ing season.
Another. feature will consist OF
the inclusion OF a hve-minute in
teriude between the luncheon ana
the address. to be given over to
singing and similar events.
The forum season will open
Tuesday, September IS, and the
committee Is WORKING 10 obtain q
speaker Of unusual prominence for
the first meeting Meetings will be
held regularly in the main ball.
room OF the club. which has ac-
commodations for 500 persons.
Two meetings In October will be
given over to national politics. fol-
which the Congress. s.onal campaign
committees of eacn party will be
asked to provide a speaker. one Il
outline the campaien policies of the
q. o. p. on Republican Day." while
the opposition Will be given its op-
portunIty on Democratic Day."
James T. Lloyd was elected vice
chairman yesterday.
The other members OF the com
mittee are Clarence A. Aspinwall
Claude n. Bennett, J. Cloyd Byars
Roe Fulkerson. Isaac Cans. Johr
lhlder. Leo C. May. w. Pearce Ray
ner. Charles F. Roberts. Franc. 4
Sherry and John Walsh.
The Washington herald., 1922-08-23
J. H. PelLen VIII Head
st. Vincent de Paul

J. H. Pellen, chairman Of the spe-
cial works committee. Particular
Council. st. Vincent De Paul Society,
was elected president Of the council
last night at a meeting at Carroll
Hall, to I'LL the vacancy caused by
the resignation Of William II. De
Lacy.
E'ans for entertaining visitors to
tile annu,l meeting Of the society.
to be held at Catholic University
September II to Fl. were discussed.
The Rev. John O'Grady and William
DeLacy spoke on the tentative pro-
gram. which includes a banquet and
auto trips around -the city.
The Washington herald., 1922-08-23
Claims Divorced Spouse
Failed to Pay ALins0nB

George F. Harting. 1906 One-hslf
street southwest. whose wife. Mrs.
Clara HsrtinE. secured. an, absolute
divorce ON May last was ordered
yesterday by Justice Bailey In Equity
Court to appear on August 20 for
his alleged failure to keep up ALI
mony payments.
Mrs. Harting claimed her former
husband refused to pay her $50 q
month for the support Of their child
nor has he paid her attorney. she
claims. as required by the decree
The Washington herald., 1922-08-23
CITY WOULD REOPEN
SCHOOL INJUNCTION

Failing to appeal in time. the Dis
trict Commissioners yesterday re-
quested Jus'ice Jennings la Equity
Court to review proceedings which
resulted in an order preventing the
erec,Ion OF school for tubercular
pupils at Fourteenth AMI Upsnur
streets Eaithwest.
Headed Ivy Charles Z. Hunt. prop
criy owners CLAIMED such q school
W Ju: depr.ci%te their property.
The Washington herald., 1922-08-23
Placed OF, Probation -
On Charge of Assault

Jesse H. Huggins. q carpenter. Of
SIC c street northwest. who was
alleged to have iiltreated his wife,
Mrs. Dora J. Huggins, to the extent
that she was taken to Emergency
Hospital. was found guilty Of assault
yesterday. A three months jail SEN
tence was suspended by Judge Mat.
tingly In Police Court.
Mrs. Huggins testified that she was
attacked last Sunday night and was
compelled to defend herself by strik-
ing him with 2. bottle. Higgins de-
MED he attacked her. -
The Washington herald., 1922-08-23
Right-of-way for Road to
Fox's Ferry Landing
Being Secured.
STRIKERS IN RALLY
Forester Addresses Ma ss
Meeting-Sees Speedy
Settlement.
THE HERALD BUREAU.
A. 3. D5niphan.
127 King Street.

F-f kin8 btrosks
ALEXANDRIA. Va. Aug. ga
Ferry service may soon be estsb-
lished between this city and Fox's
Ferry on the Maryland side Of the
river. which will open up q big
trade between the farmers of Prince
Georges County. Nd. and merchants
Of this city.
part of the merchants Of the city
Is contingent on the construction Of
q road by the Maryland authorities
The proposed road will be a mile
and an eighth long. It will cost
$4,000. Right of way for the road
Is being secured and deeds recorded.
AS soon as the full right Of way Is
obtained the actual work of build
Ing of the road will be begun.
This proposition has been under
consideration for a long time past
and since the movement for a ferry
was launched . number OF confer
ences have been. held between COM
mittees from the chamber of COM
merce and the officials Of Prince
Georges County on the subject.
Diplomas and certificates to the
1so pupils who attended the summer
public school held in Lee school
building have been awarded. mark
ing the close OF one of the most
successful summer schools ever held
here. The school opened for studies
July IL and discontinued studies
Friday.
Addressing the railroad strikers
at a mass meeting today on the
fourth floor of the Alexandria Ma
tional Bank Building. J. J. For
rester. international vice president
o the Railway Clerks, spoke on the
cause Of the strike and the justice
involved. Mr.. Forester told of the
bad conditions of rail equipment
at the present time, and predicted
a speedy end of the strike.
In a report submitted at q recent
meeting of the Alexandria Rod and
Gun Club. II was stated that three
years ago Pohick Creek was stocked
with 1900 trout and that an in
vestigation made recently showed
that not any of the fish could be
found. 1t 10 believed they were
washed down the Potomac by the
spring freshets.
Attorney James r. Cation has re-
turned from San Francisco where
he represented Virginia at the an
nual meeting of the American Bar
Association and the committee on
uniform State laws. For the past
fifteen. years Mr.. Cation has been
a member of the latter committee.
Many persons are already paying
their city taxes. On taxes paid be-
tween now and September 1. inclus-
i've. a discount of 5 per cent Is al
lowed. Collector of Taxes p. F. Cor
man requests all persons who can
do so to pay before the final rush.
Announcement IL made of the mar
riage of Miss Sarah E. Edmonds.
daughter of Mr.. and Mrs George
Edmonds. 423 vueen street. this city,
and Harold G.. Clark, Mobile, Ala.
on August IL at the parsonage of
st. Mary's Catholic Church. the Rev
L. F. Kelly. assistant pastor. ON
ciating.
Headed by the Citizens Band, the
members Of Relief Motor Company
40. left tonight for Hampton. Va.
to attend the annual meeting Of the
State Ffremen's Association, which
will convene tomorrow morning
The Washington herald., 1922-08-23
Seeks Fathers Estate.

James B. Shearer. Of Baltimore,
son of the late James Brown Shearer.
petitioned Probate Court yesterday
for ancillary letters testamentary on
the estate Of his father. The elder
Shearer died August . and left s1o.-
900 worth Of real estate.