davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-03-08
RUSSIAN SOVIET TRADES
sFCST WITH GERMANY
Spends $50, 900, 900 There and
S4S, ,000,0 900 IN SUeden.

Special Cable to THIS Nrw YoRK IrsRMp.
Copyright, 1879, bv THE NEW yoRK HERALD.
New York Herald Bureau
Berlin, March Z.
Whatever division of Russian foreign
trade IS made by the international con-
sortium after the Genoa conference.
Germany and Sweden thus far have
landed the lions share. Railway pur-
chases made by Russia In these coun-
tries. mp TO January /. valued all told
more than S100.000.000. Prof. George
Lomonosoff. the technical superinten-
dent OF Russian railways. in an analysis
Of the business done, not including
America, shows the orders placed In
England, Austria. Denmark and Czccho-
Slovakia. In round numbers, these or
dcrs amounted only to $1,000 900. while
Germany got s50.00U.000 and Sweden
S4S,000,O00. On January forty-seven
German locomotives had been delivered
IN Russia, 100 more had been accepted
for delivery and single order OF 200 is
70 be delivered by June !. Locomotive
orders have brought $4,000. 900 into
Germany and other items an follows
Tank cars S2.500, 900 rails, S3,700OOO :
supplies. s4.500,000.
Virtually all the Swedish business WINS
limited 10 an order for 1000 iocomo-
tivcs. Of which only fifteen have been
delivered.
The New York herald., 1922-03-08
Typewriter Gives CIews.

So frequently tave peculiaritles OF
typewriters been the means OF tracing
down bankruptcy swindlers as they
vanished from one town to set up
"buainess" in another that some
swindlers on large scale have Been
known to resort to the trick Of
changing typewriters and stenogra-
pliers every few weeks TO escape de-
lection.
Detection is accomplished In such
cases usually by some letter being
slightly out OF alignment in the corr
respondence OF a number OF concerns
which have got into trouble in differ
ent places at different times. thus lead
ing finally TO linking all Of them to.
gether under the genius of one man
who used the same typewriter in his
several fraudulent schemes.
One or two crooks have been caught
through their correspondence even
when their typewritcrs failed to de.
velope any idiosyncrasy. One man
spent considerable time in the At.
lanta Federal penitentiary because he
The New York herald., 1922-03-08
MILLER APPROVES
VETERANS RELIEF
FavOrs Immediate Assistance
of Disabled Men Under
$1,O0O,000 Measure.
Special Dispatch to THE NEW YORK HEri Id.
New York Herald Bureau,
Albany, March T.

Special Dispatch to THE New YORK HEr.Lp
New York Herald Bureau,
Albany, March Z.
Gov. Miller gave his full approval
to-day to the Brundage bill which car
ries an appropriation OF s1.OooOo0 to
be allotted Immediately to disabled vet
Grams of the war who are not receiving
adequate assistance from the Federal
Government. With this Endorsement
passage of the measure is practically as
sured.
The number of soldiers who will
benefit Is estimated all the way form
1000 to 5000. The Governor said he
was informed there were not more than
1000 such emergency cases in this
State. but others declared the number
exceeded 5000. At the Governors sug-
gestion the amount of the appropriation
was cut from $5,0o0.000 to $1.o00,00
which Mr.. Miller said he believed was
all that was needed.
1T is with the understanding that this
relief Is to be granted that the former
service men have given up hope Of get
ting their bonus bills through the Leg
islature. The half dozen measures which
have been shunted around the Capitol
all winter are expected to go into the
waste basket.
Everybody agrees that the disabled
soldier should have care" the Governor
said "The only question that has been
in my mind was whether there was
delay by the Federal bureau in the de-
cision of the claims of the disabled
which would justify the State in extend
ing temporary relief. which is what this
Brundage measure really does.
"Col. Forbes, head Of the Veterans
Bureau. assures me that the eases are
being disposed of rapidly. The policy
OF the Federal Government certainly
is very liberal in the treatment OF cases
where allowances are made. Nobody
can complain of that But it Is work
which should not be duplicated. The
State should not undertake TO do what
the Federal Government Is doing.
'I arm told by members Of the legion
and by people engaged in Red Cross
work who have undertaken to assist
the boys in the presentation of their
claims and in giving temporary help
that there are cases where relief Is
needed that they are unable to care for.
How many there are in that class /
do not know. but j am in favor or car
ing for them. The bill was not intro
duced at my request 1t came from the
legion men. The money will come from
the money in the treasury"
Single men who are out of work and
whose disability is due directly to war
injuries are to receive $50 month and
married men s45. If they are getting
help from the Federal Government in
smaller sums than those two figures
the State will make up the difference.
There will be deputy in each Assem-
bly, district to whom will be presented
the claim of the soldier. with affidavits
from the legion commander Of the dis
trict and a physician. AS fast as
passed upon by the deputy. the claims
will go to a commission. whose members
are the Controller. Attorney General
and Adjutant-General.
The New York herald., 1922-03-08
ACCEPTANCE FRAUD
ALLEGED AT TRIAL

The first prosecution FOR an illerai
trade acceptance was begun yesterday
when Harry Rubin, dress and suit manu-
facturer OF 125 West Twenty. fifth street.
was placed on trial before Justice Was
servogei in the Supreme Court charge [
with grand larceny in the first degree.
Rubin IL alleged TO have discounted
on September Z. 1919. with the New
Netherland Bank. Al West Thirty-foursh
street. two trade acceptances, totaliLg
S5.107.05, which did not represent any
actual business transaction. The com
plainant institution maintains that
Rubin falsely represented that he had
sold goods valued at slightly more than
1000 to Herman v. Schwartz. skirt
maker of 1877 West Twenty-sixth street.
A few days after Rubin had dis
counted the trade acceptances. which
were signed by Schwartz. he Withdrew
the money from the bank and soon after
went into bankruptcy Schwartz was
indicted with Rubin on December Of
last year on the same charge. He OBJ
tained severance for separate trial.
Ferdinand Pecora, Assistant District
Attorney prosecuting. In his presenta-
ton to the jury contended that the trade
acceptances taken by Rubin we're fraud
ulent in that they did not represent en-
obligation on Schwartz In favor of
Rubin. He pointed out that there was
no evidence that there had been AIRY
transfcrral OF merchandise between the
two men.
Mr.. Pecora said he had received let.
ters from various individuals and organ
izations. including the Federal Reserve
Board. the National Credit Mems Ass5~
citation. the National Bankers Assoca-
tion and others. evincing interest IN the
result of the trial. Such practices, hc
said. are q constantly growing evil aud
several similar cases arc about TO enter
the courts
The trial was adjourneN until to-day
The New York herald., 1922-03-08
CHICAGO BROKERS FAIL.

CHICAGO. March 7.--William w. Whit
lock was Appointed receiver for Kreibei
& Co.. investment bankers. BY Federal
Judge Carpenter to-day. IN involun-
tary petition In bankruptcy had been
filed against the firm earlier In the day.
The assets were listed as Sf.000.000 and
liabilities az $4,000. 900. The firm has
three branches here.
The New York herald., 1922-03-08
RoBBER GETS EIGHT YEARS.

John Bentham, %, of AL East 12sd
street, chauffeur. was sentenced TO
eight years in States prison Yesterday
by Judge Francis X. Mancuso in Cen
eral Sessions for robbery. The court
told the defendant he was given a light
sentence because OF his aid in the con-
viction Of Leo Kahn. 10. OF 352 West
Thirty-ninth street, another chauffeur,
who was given from eight TO sixteen
years for the same crime by Judge AL
fred J. Talley.
The New York herald., 1922-03-08

Queens County Court, that amount rep
resenting the difference between the saf~
aries received by the attendants last
year and the amount requested by County
Judge Burt Humphries in his budget
for 1921. fTs
Mr.. Craig and the board also were d.
rected to provide S2S. 200 for the same
purpose for this year. Tho order af-
fects a special clerk, three deputy chief
clerks and a court crie-.
The New York herald., 1922-03-08
Herald Series Indorsed
by Seymour L. Cromwell

TITO THE NEW YORK HERALD
1t is my personal convic-
ton tnat the most effec-
tive remedy for the stock swindling
evil Is through publicity and popu-
lar education. l have therefore
read with great satisfaction the
series Of illuminating article THE
HERALD has contributed to the cam
paign of exposures which has been
waged in the press.
SEYMOUR l.. CROMWELL,
President N. Y. Stock Exchange"
MARCH z, 1922.
The New York herald., 1922-03-08
oppENHEIM SITS on BENCH.

II. Phillips Oppenheim. novelist. spent
some time yesterday on the bench be-
side Judge Talley in General Sessions rs
spectator at the trial OF Arthur q.
Green. 81. negro declchand, accused of
killing Jose Rego at pier 50, Hudson
River. on May II last year. Green was
acquitted.
The New York herald., 1922-03-08
CITY MUST PAY SALARIES.
Order Issued TO Craig In Favor OF
Queens County Court.

Justice John MacCrate OF the Supreme
Court in Queens signed an order yester-
day directing Comptroller Craig and the
Board OF Estimate TO provide payment
OF s2.46S to the court attendants OF the
The New York herald., 1922-03-08
STRANGE TRAILS LEFT :
BY MERCHANT CROOKS
ESCAPING WITH GOODS
Wifes Fondness for Cats Only Clew to One Swindler
Who Carried Lootyin Trunks Which Had Pet
Names-Priest as Creditor Long Was
Spy for Bankruptcy Ring

The New York herewith its
public and mercantile houses
the reenessness with these
deaude being difficulties frequently
bringing justice.
Perhaps o
insist having povedo individuals
honest and legitimate business than
eting Of
Association
required the undivided
fugitive could
lures haveD the O investigator.
Scian fraudu
lent grocery failures bzed the
The New York herald., 1922-03-08

Special Cable to THIS Nrw YoRK IrrRMp.
COPYRIGHT, f92c, bv THE NEW yoRK HERALD.
New-York tribune., 1922-05-18
Bank Stocks AS Investments

Question: am very much interested I'm
Your investment information IN The Trib-
une each day. do not recall that you
nave ever given your opinion of bank
stocks as fnVestments. Please give your
opinion of the following: a physician
New-York tribune., 1922-05-18
Expects Rise in Radiator

Questlon-l have been told by nm en-
p!oyee of the American Radiator Com
pany That the common stock of the com
pahy would increase TO $500 y snare with
IN the ne%t two years. and have thought
that his statement was greatly exagEer-
ated. WIN YOU kindly give me your opin.
ion of this stock?-W B w.
Answer American Radiator common
is selling now to yield slightly above
4 per cent and is regarded as one Of
the comparatively few common stocks
entitled to an investment rating. 1t
contains an element Of speculation. as
dc all stocks to varying degrees, but
1t has an established dividend record
behind it. At its present price the
stock reflects traders's anticipations of
stock dividends or other Developments
favorable to holders. The old stock Of
$l00 par value-beforc it was split up
four shares for one in reducing the
par value to S25 in l92O-sold as high
as $500 a share, and it is within the
bounds of possibility for the present
stock to touch that point, but forget
ting for the moment that we cannot
attempt to express an opinion on prob
able future prices of stocks, we must
agree with you that we think the state
ment you quote "greatly exaggerated. !"
New-York tribune., 1922-05-18
ohould He Average" Graphophonc


:. Vu%ston--t own 100 shares Columbia
~ ~ .hophone common purchased in 1aeo
!. s'u per share outright There hse
y, q, necline since then and 1t was scllinr
tween s4 and S. per share wouid yon
me TO buy more at tho present
IA 80 20. a less Also kindly let me know ali
dition.-H. NJ s a. No4
Answer-Thc question as to whether
you should attempt to average" YOUR
loss IN Columbia Graphophone is one
YOU VIII have to decide for Yourself
we cannot undertake 30 say whether
IL would be more profitable in tho long
run 10 take your loss pow or "ayerace''
IN inc hope Of recovery. All we can
40 Is to set down some facts in regard
~ lhe com panys outlook from which
fou may draw your conclusions. Due
largely TO an inventory adjustment of
81 VOL 'ooo, the company suffered s. de-
noat @ IN l9Zl after dividends of S15,sS1. =
ooo' compared with a surplus in the
preceding year Of 81 ,497 ,923. The op-
eratlng loss for the year was So 1863 $3.50.
cohcrasted with the preceding years
proht OF So ,0S5,5 ,514 Another imnortant
factor was the adjustment of onerat.
ing expenses incident to a business of
S44000,000 in 1920 and SIS 200 ooo J.,
i'zl' me company had profit and
loss deficit at the end Of the year Of
81 'o'o'SS1, An attempt by stock
hoiders to have receiver appointed
was defeated in the United States
oourt of Delaware early this wear.
me company is reported to be CON
templat'ng the manufacture Of wireless
receiving sets, but just how much
progress along this line has been made
has not been announced.
New-York tribune., 1922-05-18
Investment Information

~on "early sixty years or age. began some
,.ast ago 70 save 500 per month for in
n9er,a nlt dtvtdend from the invest
,msnIs n to be roinvestcd, and he has at
p.eF"nt let us say in round numbers
,9,upV invested In addition to that
1n'nun, T., II Is hts intention to keep So 600
W. aNlnES banks an emergency fund
Whlcn 1t drawn upon at any time ia RI.
h,"' 20 az soon as possible. or tho $4,000
inclnGin,-s gS ~ 'Go lnX"sted in hank stocks
i,t nonetVlhE leading New York. Boston and
FOCAL banks. about $4,000 In bonds which
mSNf ra your approval abou, So oOo in rail
tanadlan Pacific. Southern Pacifr ond
mon Pacific; about s5 600 in railroad
p.stsreea stocks. including Atchison. Chit
ahev, :" '\0r,h nnn Western and Union Pacific
anuout a'1.,l sh.ooo IN industrinl common stocks
including American Telephone and Tele-
s,aph' Western Union Telegraph and local
mus. about $4,000 IN Industrial prnferred
stocks, Including United states steel
United States Rubber and local mills
% %sour criticism OF the above will be ap-
Answer You have we'll diversified
and thoroughly uitablceqnvestment for
a person IN your circumstances. In
making this statement we make no OK
ceptlon of the bank stocks which YOU
say we have not spoken of in general
terms IN this column. 1t is our opin-
ION that good bank stocks should form
a part of every investment when
sufhcientIy large number of securities
mas been accumulated OF course we
DO not recommend a 100 per cent com
mltment IN this class of securities for
small investors. Since the establish
ment of the Federal Reserve system
the double liability" feature Of bank
stocks has diminished in importance
as an argument against bank stocks
during the tremendous liquidation of
the last two years not single large
bank has been allowed to drift to the
point whore the stockholders were
called upon to pay an assessment Sev-
eral small institutions in agricultural
districts were forced 10 suspend, but
thelr chief allmcnt was an excess of
credit based on commodities which not
only declined rapidly in value, but
hnallY ceased to move to market in
time to allow for retirement of loans
on the due date One Of the common
objections to bank stocks is based on
their habit of fuctuating broadly over
period of years representing trade
cycle. That is really no valid objec-
tion at all if the investor makes up
his mind in the beginning that he is
going to hold his stock permanently,
striking an average in the rate Of re
turn. Too many investors merely dab
BILE IN bank stocks, as they do in other
classes Of stocks, taking fright and
selling out at q loss as soon as g spirit
OF conservatism prompts the directors
to curtail dividend disbursements in
times of stress We urge this class or
investors to stay away from bank
stocks or any other class of stock with
a changcablo dividend rate.
New-York tribune., 1922-05-18
Wants Deprecated Bond

0uestlon-Ih" writer would Appreciate
any information and Your opinion on tho
hfls ponds. convertible Is series 4 y
ahd -. am young man twenty.nins
ana wish TO purchase for investment onIS,
snu want TO obtain bond which has
appreciated in Value.--1. II
Answer-lf safety first" is really
your motto, do not start with the Erie
convertible bonds. The fact that n
bond is selling at discount does not
mean that it is unsafe. You will find
many issues figuring actively in the
DAILY trading which are gilt edge in
vestments in spite of the fact that
they can be bought for less than their
lace value. Their depreciation means
only that the coupon rate is lower
man 'he current rate for money. But
IN the case of Erie convertible bonds
the extent Of the depreciation reAects
uncertainty. Leave them alone unless
you want to speculate.
New-York tribune., 1922-05-18

sss inm iiGpd cd Rub Is. s7% s7s. 81. s7s
900 x G NM ~ s. 1l2 112 ll2 1I2
eva Nv Nv Eng Tel IS 81 ss1s sss 81 81 ~ ss,
y wren 1'1s 1o7 1o7 Io9 1oT
'''Fl Tel as 95'. as esa. ps
New-York tribune., 1922-05-18
Montreal
Toronto

Riordan Paper & Pulp. old. com
do new, pf. .....,......... IS
New-York tribune., 1922-05-18
Philadelphia
Bonds

$4,000 Erie CIV Is. 4sa 4sh 4ai. +aI-
1000 Elec e. Peo As. 6si1 ssls e77s Sc
5000 G 6s. '35.1oc 1o2 l02 1o2
5000 Ph co cons 5s 81 90 90 %
225o0 PHI Ell 5hsw 100 100 aa7s a97,
22so0 do LIST 5s....100 100 esL 9Sl,
10000 do IS .......104A lo4H 104 l04
New-York tribune., 1922-05-18
Form. Rate and Maturity. Bid. Ask
New York State Bonds

Issued in coupon and registered form
not interchangeab Coupon bonds regis
terabie.
Bid. Ask Yield
New-York tribune., 1922-05-18
Suitable for His Pu,.nose

~ oaestonmI hnnna bought the following stocks
read them over and let me know If |
shouih exchange them for some which
YOU consider n better investments paving
me me same amount of dividend. 'rhe list
100 shares Pere Marquette preferred 100
shares American Ice preferred 100 shares
h, j Reynolds Tobacco Company. Class II .
doo SHARES Van Raalte Company per cent
hrst preferred 100 shares American Tele~
phone and Telegraph per cent common
100 shares Western Union Telegraph 7 per
cent common: VIII YOU kindly look over
thls Ist carefully and let me know IL they
are business mans investment or
Whether you consider some Of them should
be exchanged for others which are better,
and paying an equal amount of dividends?
S. s.
Answer: The only suggestion we
would make in the interest of greater
security is the substitution of Pere
NJ Marquette prior preference stock for
the preferred. Both pay the same rate
of dividend and the prior preference
stock is selling about six points higher
than the preferred All the others are,
IN our opinion, suitable investments for
n business man.
New-York tribune., 1922-05-18

S"esf'ons OF general interest to in
'eetoFs io'tt 6c unsUered IN this coli
h""' ~ ich,ch case only initials mtIl
oe nscd. Others wiil be nnsweysd BIZ
mat Address ok inquiries, inc{os.
,n9 q stamped. addressed onrelope. to
'honc'oi Editor, The Tribune, f5l
NoSso" Street, Nep York City.
New-York tribune., 1922-05-18
London Metal Market

LONDON, May l7.-Standard copper,
spot, f61; futures, 961 5s; electrolytic,
spot, sos bs; futures. sss 5s. Tin. spot.
fl4s It's Cd; futures, $3.50 IS. Lead,
spot, a24; futures, c22 It's Sd. Zinc,
spot, f27; futures. c26 It's Sd.
New-York tribune., 1922-05-18

-Four tuI columns OF in
resfnaent questions and an.
s,cers ,ciU be published in
The Tribune eucry Sunday
and Monday. On other days
one jul column 1ciH appear.
The Washington times., 1922-12-09
BANkCLEAR|NGS
GA|NDUR|NG
!. 7 WEEK
increase Over 46 Per Cent
Over Last Week. Fig
ures Show.
nv f<o.mopol,tan' News service.

NEW YORK, Dec. s.--Banh
clearings at leading cities OF the
United States for the week ending
December z, as reported to Brad
streets journal, aggregate $685.
l07, 900, a gain of 46.4 per cent over
last week IA holiday week., and Of
17.s per cent over this week last
year. Outside of New York the
total Isl ss,I63. .407. 900, an increase
Of 30 per cent over last week and
Of els per cent over this week last
year. New York shows gain Of
1851 per cent over last year. Forty
one cities report larger totals than
hast year, while only one exhibits a
loss. Chicago reports a gain OF
1913 per cent; Boston, 27.7 percent:
San Francisco. III: Cleveland, 2s.4
Detroit, 37.2; Los Angeles, 37.3, and
Minneapolis, 17.4 per cent.
Business failures for the week
ending December number 462
which compares with 400 last weel,
q holiday week., 591 in the like
week of 1921; 337 in 1920; 115 in
1919. and 13s in 1918.
The Washington times., 1922-12-09
PACKER MERGER
APPROVAL.
READY
Daugherty Opinion Sent to
WalIace-Trade Board
Against Action. +. :,

Merger Of the Armour and Morris
packing interests is said to have
been approved today in an opinion
written by Attorney General Daugh.
erty and transmitted to Secretary OF
Agriculture Wallace.
Secretary Wallace may not make
the opinion public fvr some days. He
will study the document and he may
supplement Il with d statement Of
his own. Wallace and Daugherty
have been reported at odds over the
wisdom of giving Governmental
sanction to the Consolidation.
Officials of the Department Of Jus.
tice today refused to discuss the
opinion and declared II ID now up
to Secretary Wallace TO determine
whether II shall be made public.
The Federal Trade; Commission II
understood to take the view that the
merger would violate the Clayton
act, forbidding combinations in re-
:straint Of trade. - ~ 80
The Washington times., 1922-12-09
Local Wholesale Prices.

Eess-strictiy fresh. sslectsd csndlsd.
mar doz., s3c: average receipts, eec;
southern. soc; cold storage soc.
1--we poult,y-FSo:.sts: s- Pc. dS;,r.n. iSi a.S;
per 10, ssc; kests. young. each. = ssO7eci
fowls, zoe. -,
,taTc; lsmbs. choice.. Per lb.. isc; live
hogs, per h. s&c. ,eAi ~
Ipres,ed Pouitry-Fresh killed sprins
chicrens' per ib., aSo 2sc: hens. per. ib-
sI0 fSc; foosters. Per ID. 1sc; tvrksys
per ID. tootso: keats. youns. seeh' 'ss
Green rrni.-Ayg,:.. Per Ssl Z ! !. .issS rs,
tornia ORANGES. Per cr.ts; s0s,.s. $1,000
';.1Sss;s sseSS Rs! sss ssn..1sSss ssseC sss
..ss nS .sss ss
potatoes, North Carolina. SLe90 lee
n:;rsy seSiss Pa e.sn, ,.,,sa. ssss :. s;cs y
.ssS: ' peas. Pea 81. 900 go per S.sEss; e.l.ry
rer dos, soc . u. .ee;. cabbage. Northern
n.seOi.7s; ssGplants per crate. ss.seQ 9
SEQ; tom.toss. Per bog. rs.,. rssTsy. ,%sS
s.so; spinach. fper bbf, 'efoo0a.se.