davidaulloa/AmericanStories huggingface dataset:
The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-02-01
Five Sacks Of Mail .
Stolen by Armed Bandit.

Chicago, Feb. 1.-Five sacks of
mail, believed to have been registered,
were stolen by three armed bandits
who stopped the mail clerk en- route
from the depot to the postoffice, ac-
cording to police reports.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-02-01
WILL ELECT
POPE TOMORROW

Rome. Feb. 1.-The sacred college
will convene tomorrow in conclave for
the election of new pope. The Ital-
ian, French and Spanish governments
have informed the Holy See semi-of-
ficially that they have no desires in the
matter.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-02-01
roDAY's COTTON MARKET

Mrs. Jack Humphries will leave
this afternoon to visit her sister. Mrs.
Connife in ST. Matthews and before
retaining home will visit her mother,
Mrs. May In Charleston.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-02-01
BEGINS DISCUSSION
ON BONUS BILL

Washington, JAM 31.-Discussion
of the long pending soldiers bonus
bill was renewed today at both ends
of the capitol. Before the house ways
and means committee, which by
agreement of Republican leaders in
congress reopened hearings on the
measure, officers of organizations of
former service men urged immediate
action on the bill and in reply to
questions said the problam of raising
the necessary funds was one for con-
gress to solve. In the senate Repub-
lican leaders frustrated attempts by
the Democrats to add the bonus bill!
to the allied debt refunding measure.
After brief but heated debate, the
senate adopted, AZ to %, motion
by Senator Watson (Republican) to
lay on the table an amendment Of
fered by Senator Simmons (Demo
craft of North Carolina incorporat-
ing the give way adjusted compen-
sation plan.
The amendment would have provid-
ed that the bonus be paid out of the
interest on the foreign debt and that
if this should prove insufficient the
secretary of the treasury should is.
sue certificates of indebtedness to be
redeemed out of future interest pay
ments, or with; the approval of the
president, to sell so much Of the for
eign bonds as might be necessary.
Later the senate rejected, AZ to 81,
an amendment by Senator Jones
(Democrat) of New Mexico which
carried the "five way" plan but had
no provisions for raising funds.
In offering his amendment, Sena-
tor Simmons declared that when he
had proposed the bonus bill as an
amendment to the tax revision meas
ure he had been told that it was the
desire of the majority to act on the
bonus in connection with the debt fe-
funding bill but that now the Repub-
licans had decided in party confer
ence that the bonus measure should
be acted upon separately. The North
Carolina senator went on to say that
tie administration had now decided
that it would not be feasible to use
+the interest on the foreign debt for
this purpose and it, was the plan
34s IevSs new and saecial taxes,
Asserting that Chairman F6f1hiey %
the ways and means committee had
proposed tax on gasoline, Senator
Simmons said this would place the
whole burden of the bonus on users
of that commodity and would be class
legislation in it's worst form.
Opposing the amendment Chair
man McCumber of the finance COM
mittee declared it had been decided
to have the bonus bill originate in the
house because it would be revenue
raising measure and that everyone
knew that adjusted compensation leg
islation soon would be enacted. He
deprecated what he called the injec-
ton of party politics into the ques-
tion and said he objected to attaching
it to the debt refunding bill, that it
might not provide funds for immedi-
ate payment to the soldiers.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-02-01

Mrs. Mary Rice Feaster of Green
wood, accompanied by her two chill
dren. Is visiting her mother, Mrs
Lewis M. Rice, who for the past week
has been quite sick, but is now i'm
proving.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-02-01
TWO FRENCH
SOLDIERS KILLED

Berlin, Feb. 1.-Two French sol
diers were killed and 25 wounded in
disorders in Silesia, according to re-
ports received here.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-02-01
Panama Canal Not
Affected by Earthquake

Panama, Feb. 1.-The Panama
Canal was not affected by the earth
quake yesterday.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-02-01
Charlotte Postmaster Dead

Charlotte, N. c., Feb. IL. H. We'd
dington, for nine years Charlotte's
postmaster, died here today.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-02-01
TARIFF BRlN !.
HIGHER Ices

Philadelphia, Jan. 81 Tile Aneri-
can valuation plan, as ptoposed in the
pending tariff bill, viii: mean higher
prices for commodities md make It
impossible for. this countr to market
its agricultural product3 abroad, VII
bur w. Stewart, presidtAt Of the Ma
tional Association OF Mekehants TSiiors
Of America declared todRySat the OPP
ening session Of the org 6izat ION 81 an
nual convention. 8 8 \!
81 hope way may 81 found" he
said, as suggested by Finsiaent Hard
ing, that will make fof Hen }t1ity and
elasticity so that rates eajs be ad-
justed to meet unusual and Changing
conditions which can not be accurate
ly anticipated at this TINE
In accordance with new ruling
that no freakish or senS tienal suits
could be shown at The fyle exhibit,
help in connection with RI ocnyention,
the fashion committee }tonight, ruled
out several garments wEtse lines were
not in keeping with the fashion stand
ards Of the associationf One Of the
suits disbarred had pocll Fpps sharp
ly pointed at the end, an zllother was
an evening suit with sai 6lssiess iapels.
The exhibit will be opef 10 the public
tomorrow for the first st1s IN the his
tory of the organisatioI.
The clothes for sprihR will be de-
signed, the fashion committee said,
to be easy to wear The aaek coal, in
cluding the one and two sutton vari-
ETY., and the ample tru0er will pre-
dominate. The trouser 6}If Is rapidly
losing its popularity and Nth its pass
ing the suspender againsl come into
its own. Demonstration at the ex-
hibit' showed that loosk and cuffless
trousers soon become s3Speless when
dependent for suppcrt Dh the belt
alone. Extreme pointed Iapsls, and,
in fact, everything treme was
frowned upon by che fIs makers.
Blues and browns are Ne the lead
ing shades for spring, ,s.y I; .
The full dress coat VA seld by the
committee to be the on3 torreet gass
ment. for affairs whS5 The ladies
wear evening dress. Is sss & ,s: g
~ :! ,s. !
The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-02-01

Diamonds are now ;cut and polished
by machinery.
The New York herald., 1922-10-11
US. LOAN ATTRACTS
SMALL INVESTORS
Subscriptions to New Issue of
S5OO,00O,000 May Reach
S2,OOO,OOO,OOO.

The second day of the campaign for
ernment All per cent. bonds brought
hearty response from the small investor
as was expected by bankers handling the
loan. The Federal Reserve Bank was
unable last night to make public any
official figures of subscriptions received
so far, but an official of the bank de-
clared that the loan was a decided sue
cess and a final accounting probably
would reveal subscriptions for the $780,
100000 issue at between $1,000. 100000
and 100000 900.
1t was pointed out that 1900 banks in
New York and about 10000 banks all
ever the country are taking subscrip-
tions to the loan and that 1t has not been
possible at this early date to make full
tabulation of the number of bonds taken
so far. Many of the banks anticipated
the wants OF their depositors and sub
scribed for large blocks of bonds to
be passed on to their customers. These
banks report that calls from the in
vestor in the $1,000 to $4,000 class have
been greater than expected.
\ high official at the Federal Reserve
Bank stated that he did not believe that
banks were padding their subscriptions
to this loan. Indeed, it was reported
that to insure getting a full allotment
some banks had subscribed for bonds
i'm smaller amounts through their en-
DlOyees
Wall Street bankers were unanimous
in their approval of Secretary Melons
Judgment of investment conditions. IT
was said that the terms of the loan were
exactly right and that the 4 u per cent.
rate of interest hit the mark exactly
Any lower rate of interest would have
made the bonds harder to sell at this
time. particularly as the Government ex-
poets to come into the market with an
other large block of long term bonds
later. 1t was declared by bankers that
the investment market is not yet ripe
to absorb such a large block of bonds
or1a per cent. basis.
Holders of Victory AZ per cent. bonds
in large numbers are said to be eXchang-
ing them for the new bonds TO avoid
taxation. Investors who bought the
Victory bonds considerably below cur
rent prices can show substantial profit
on which they would have TO pay taxes
this year If they sold them. BY ex-
changing the Victories for the new Gov
ernment long term paper they avoid
cashing in their taxable profits.
The New York herald., 1922-10-11
SOUTHERN REFLECTS
RETIRING DIRECTORS
Railroads Income for Half
Year Reveals Big Gain.

Retiring directors of the Southern
Railway Company were reelected to
serve for three years at the annual
meeting held in Richmond yesterday
Only routine business was transacted
according to advices received at the local
offices of the company. 4 vote of con-
fidence in the present management was
recorded in the form of resolution by
A. c. Graves of New Haven.
Fairfax Harrison, president of the
road in his annual report to stockhold-
ers pointed out that operating results
for the first half of the current year
showed a marked Improvement over the
same period last year. operating income
being $S.s77,425. compared with S2,143,-
947 last year Mr.. Harrison. in discuss
ing the recent rate and wage reductions
i'm the light of the shipments strike.
urged that the time has come for Sin
Gle responsible regulating commission"
to handle the question OF rates and
wages. Regarding business conditions
in the South he asserted that the situa-
ton was on the upgrade.
The New York herald., 1922-10-11
FIGHT FOR PIERCE OILS
CONTROL GROWING HOT
Doherty and Untermyers on
Opposing Sides.

Henry L. Doherty, member of the
Parker committee which is contesting
control of the Pierce Oil Corporation,
with a committee headed by Alvin I'm
termyer, yesterday sent letter to stock
holders announcing that on September
80 he personally provided funds for the
payment on October of the quarterly
dividend, but that the members of the
Pierce Oil board failed to declare the
disbursement, although the company
had ample surplus and cash available.
Mr.. Doherty further declared that he
offered to pay off the company's million
dollar loan held by the Chase National
Bank, but officials of that institution
refused to deal with his representatives.
although the bank previously had stated
in writing that the loan would be re-
The New York herald., 1922-10-11
BETHLEHEM TAKES
LACKAWANNA TITLE
Formal Exchange Of Property
Under Steel Merger Plan
Is Completed.

The formal exchange of property titles
and delivery Of stock and cash incident
to the absorption of the Lackawanna
Steel Company by the Bethlehem Steel
Corporation have been completed, Eu-
gene G.. Grace, president of the latter
company. announced yesterday at the
close of meeting of its directors.
Beginning October 81. 1922. the Lack
awanna company will pass on 10 its
shareholders their pro rata share OF the
Bethlehem stock and cash on the presen-
tation of their Lackawanna stock. This
exchange will be made at the once OF
Kean, Taylor & Co.. Nassau street
All corporate proceedings for the dis
solution of the Lackawanna company
have been taken, and the dissolution
papers are being filed.
Mr.. Grace emphatically denied rumors
current in the financial district that the
Bethlehem Steel Corporation was nego-
tiating with the Midvale Steel and ord
nance Company, with view to taxing
over that property.
The New York Stock Exchange ad-
mitted to the list S22,60S,50O additional
shares of the class common stock ana
S77.000,000 new per cent. cumulative
preferred stock of the Bethlehem Steel
Corporation involved in the reconstruc-
ton of it's financial structure arising
from the absorption of the Lackawanna
Company and provision for future cor
porate needs.
Mr.. Grace confirmed the report that
Frank Purnell, formerly identified with
n,y-
port organization of the independent
steel companies, would become head OF
Bethlehem Steels recently formed export
organization.
The New York herald., 1922-10-11

newed. Mr. Doherty cites these in
stances as an argument for the pre-
ferred stockholders to send their proxies
to the Parker committee.
During the course of his remarks Mr.,
Doherty took issue with Samuel Inter
nnyer regarding his attitude in the whole
affair.
When Mr.. Untermyer learned of Mr.
Doherty's remarks he issued a statement
in which he said: "Mr. Doherty was
until within the last few weeks a
stranger to this company. He had not
a. dollar of interest in it. Why he should
be putting up all the money he says he
is willing to furnish is best expressed In
his own words Il went into this deal
primarily because l thought 1t was a
good business deal and expected to make
money out of it. When tho preferred
stockholders have been put into control
of this property. as they are entitled to
be and will be. they will be glad to
deal with Mr. Doherty or anybody else
who can prove to them that it is to the
interests of the preferred stockholders.
Mr.. Untermyer is the larger individual
preferred stockholder of the Pierce On
Corporation. He and members of his
family have a cash investment of about
1000 900 in that preferred stock.
The New York herald., 1922-10-11
Pennsylvania LEASES
SUBSIDIARIES 80 YEARS
Boston and Maine Asks l. C.
G.. to Take Similar Action.

WASHINGTON, Oct. 10.-The Pennsyl-
vania Railroad Company was authorized
to-day by the Interstate Commerce Com
mission to complete 999 year leases with
several subsidiary corporations to bring
about more complete consolidation of
its system.
The companies to be taken over have
been operated for some time as part
of the Pennsylvania system. They m
clude the Cleveland, Akron and Cincin-
natl: Pittsburgh, Ohio Valley and Gin
cinnati: Toledo. Columbus and Ohio
South Chicago and Southern, and Wheel
ing Terminal.
The Boston and Maine. giving similar
reasons, asked permission to merge COM
pletely in it's own corporate organiza-
tion these subsidiary companies: Sulli-
van County. Vermont Valley. Barre and
Chelsea, Montpelier & Wells. and York
Harbor and Beach.
The New York herald., 1922-10-11
NATIONAL BISCUIT
TO CUT A MELON
IS Per Cent. Stock Dividend
on Common and Doubling
of Shares Proposed.

Directors of the National Biscuit Com
pany passed resolutions yesterday call
ing for the declaration of rs per cent.
stock dividend on it's common stock and
the reduction of it's par value from sl00
to S25 a share.
At the same time it was decided to
call a special meeting of the company 5
stockholders for November 10 for the
purpose of doubling the authorized COM
mon stock and ratfying the proposed
reduction of the par value of those
shares.
The board declared the usual quarter
ly dividend of $l.75 a share on the pre-
ferred stock. payable November 20 to
stockholders of record November II.
Action on the cash dividend due on the
common stock. however. was postponed
until after the meeting of the stock
holders.
The companys announcement said
that upon receiving the necessary au-
thority from the shareholders the di-
rectors would declare a stock dividend
of 70 per cent. on the common stock.
which will give each holder seven
shares of s25 par value common for each
500 share now held.
The New York herald., 1922-10-11
TRADE BOARD TO TEST
NEW GRAIN FUTURES ACT
Chicago Body Itself to Take
Action.

CHICAGO, Oct. 10.-Direceors of the
Chicago Board of Trade voted this eve
ming to test the constitutionality of the
grain trade act which vests in the Sec
retary of Agriculture the power to regu-
late dealings in future deliveries OF
grain.
The law which Is to be tested recently
was enacted by Congress 60 become
effective November / and was intended
to replace a former law declared uncon-
stltutional by the United States Supreme
Court. Action against the previous law
was not taken by the board Of trade, but
by individual members. In the Supreme
Courts decision as to the former act
Chief Justice Taft said the suit should
have been filed by the board itself and
such a course is being followed In the
present case.
The New York herald., 1922-10-11
RICHl1OND LIGHT G. R. R. co,
Bankcrs Acquire Control of staten
Island Corporation.

A group composed Of Marshall Field.
Glore, Ward & Co, Spencer Trask &
Co.. Estabrools & Co. Raymond VI.
Smith & co. and interests connected with
the ]. G. White Management Corporation
has acquired control Of the Richmond
Light and Railroad Company.
II is tho intention OF this group to
make every effort to effect n sound plan
Of reorganization and to give the best
possible service to Staten Island. AS
plans for doing this are developed the
public will be informed with regard to
them.
The New York herald., 1922-10-11
UNTITLED STEEL ORDERS
INCREASE 74I SOP TONS
u. S. Corporation Has Biggest
Gain Since january, 1920.

The United States Steel Corporation
on September 80, 1922, had total of
6,691 ,607 tons of untitled orders on it's
books. an increase of 741,502 tons over
the total of August 81. It's bookings
were 5,776,161 tons on July 81, 1922 ::
5635,531 tons on June 80, 1922. and
4,560,670 tons on September 80, 1921.
The increase of 741.502 tons is the larg-
est monthly gain reported by the cor
poration since the increase of 1,020,075
tons in January, 1920.
The following tabulation gives the un-
filed tonnage of the Steel Corporation
at the end of each month since 1920:
The New York herald., 1922-10-11
STANDARD MILLING
REPORTS A SURPLUS
Earns $8.32 a Share on Com.
mon in Fiscal Year.

The Standard Milling Company for the
year ending August 81, 1922, reports a
surplus of $61S.537 after interest, taxes
and preferred dividends, equal to $S.S2
O. share on its S7,431,942 common stock
compared with surplus of $S09,S39. or
S10.93 a share, on $7410,142 outstanding
common stock in the preceding year.
Net profits after bond interest
amounted to $1,007,715. contrasted with
S1,199,017 year previous. The amount
carried to profit and loss surplus after
the payment of common dividends was
S25,531. compared with $271,649 in the
preceding year.
The New York herald., 1922-10-11
AUGUST RAIL EARNINGS
CUT HARD BY STRIKE
Report ShoUs LoUest Amount
Since May, 1921.

WASHINGTON, Oct. 10.-Railroad net
earnings in August. n month when the
shopmens strike was putting most of
the lines to extraordinary expenditures,
amounted to s52,579799. according to
Interstate Commerce Commission re-
ports issued to-day
This was the lowest amount earned
In any month since May. 1921. and was
estimated TO represent only an annual
return rate of 2.65 per cent.
The New York herald., 1922-10-11
PACIFIC COAST co. REPORTS.

The Pacific Coast Company reports
for the fiscal year ended June 30. 1922. a
net deficit after all charges amounting
to S712.406. contrasted with n deficit OF
S331.394 in the previous fiscal year.
Gross earnings aggregated Si.44S,779,
compared with s4.513.7S0 year ago.
The company showed net loss of S456.
040, after deducting expenses amount
ing to $4.904,S19, compared with an in
come of $143,234 year ago.
The New York herald., 1922-10-11
MOTOR CONCERN BANKRUPT.

Special Dispatch TO THE New York HERALD
DETROIT. oct 10.-The Harroun Motor
Car Company of Wayne. Mich, was ad-
judged bankrupt by Judge Tuttle in
Federal Court yesterday afternoon. The
petition of the creditors to have the
concern declared bankrupt was made
several years ago but the directors be-
lieved they might be able to put 1t on its
feet once more. so court proceedings had
been delayed until now.
The New York herald., 1922-10-11
EMPIRE GAS EARNINGS.

The report OF the Empire Gas & Elec-
trio Company for the year ended August
81, 1922. shows net income after taxes
amounting to s469,230. n decline oil
$3.50 from last year while tho balance
available for the common stock was
s33o. .7s0. equivalent to $3.50 share on
the s1,T46,000 outstanding common stock.
The New York herald., 1922-10-11
!. II. T.. PROCEEDINGS.

Judge Julius NJ. Mayer, in the Federal
District Court yesterday. adjourned until
October "a the proceedings before MIN
for the appointment of a receiver Tor
the Interborough Rapid Transit Com
pany. He said this action was taken
because Of a stipulation entered into by
the attorneys representing all the parties
to the litigation
The New York herald., 1922-10-11
I. c. G. RATES IN MINN. COURT.

WARRINGTON. Oct. 10.-Three cases
attacking the authority of the Interstate
Commerce Commission to fix increases
of railroad passenger fares and excess
baggage charges upon strictly Stase
business in Minnesota, two brought by
the State railroad and warehouse com
mission. and another by individuals
were submitted to the Supreme Court
to-day for decision without argument.
The New York herald., 1922-10-11
ADD TO OIL PROPERTIES.

The Middle States Oil and Southern
States Oil corporations have taken over
control of the Relter- -FosterSneed Geo
logical Syndicate. with its extensive
geological development locating several
oil formations in Texas.
The New York herald., 1922-10-11

The increase in untitled tonnage may
he attributed largely to the heavy influx
of orders for steel rails before October
in anticipation of a So increase in their
ton price effected on that date.
The New York herald., 1922-10-11
UNIVERSAL LEAF TOBACCO co.

Dominick & Dominick of New York
and Davenport & Co. of Richmond. VA,
have acquired privately block of the
per cent. preferred stock of the Unit
versal Leaf Tobacco Company The stock
is stated to have been acquired from in-
dividuals and not from the company. Y
is expected that public Offering viii be
made later,
The New York herald., 1922-10-11
UNITED STATES TREASURY STATEMENT

Special Dispatch THE New
New yorkH raid
Wa d. G..
The New York herald., 1922-10-11
BID AND ASKED UOTATIONS
NGE QUOTATIONS

MT AND MUNICH
NDS.
The New York herald., 1922-10-11

+ IS accrued interest
The New York herald., 1922-10-11
MONEY MARKET.
TINE LOANS.
NUMERICAL PAPER.
Best names. TO months. s.....,......... ~
Other names, to 9 months. s.............. AZ
DrsCOuNT RATE, RESERVE BANK.
OPEN MARKET RATE.

Commercial paper. 10 days. =; go to 20
davs a. Liberty bonds and Victory notes, 10
days. a. i6 TO 90 days. a bankers accept
The New York herald., 1922-10-11

cepts and expendtures at close husness October Il
The New York herald., 1922-10-11

Call loans and acceptances. ......... ~
DIscount rates on prime bankers accept
ances eligible for purchase by Federal Re
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-04-01
Ann Of Cambridge Ohio are

visiting Mrs. s. S. Foreman.
Mr.. and Mrs. Alfred T. Kennard AND
daughter, Miss Elizabeth returned home
this week from an extended visit q
Ashrvillc Y. {. with their sons. Alfred.
T.. kcnnard. Jr., and Francis.
Roland Mccartney visited relatives AZ
H"ndryshurg this week.
Miss Ethel Boyd of Quaker City, Ohio
- visiting relatives here over Sunday.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-04-01

See the daily cartoon by "AAnny''
the daily fashion hint ana "Hoozis, the
Sunshine Kid" all starting In Eas m
telligencer Monday.