davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1922-10-31
Plan to Put Reparati0ns
Claims in General
. Moratorium.
EXPECT AMERICA
49, TO HELP FRANCE
Outcome of Scheme De-
pends on Commissions
Trip to Berlin.

LONDON. Oct. 3O.-A general
moratorium to embrace both repara-
tions and allied debts. with America
included in the scheme. II possible.
is the plan by which allied econ
omists will attempt to work out
the European financial muddle.
America is being considered in the
moratorium arrangement because
France insists she cannot suspend
the German reparations payments
unless Great Britain and the United
States allow her a breathing spell
in paying of her war debts.
So far as Great Britain is con-
cerned. she is willing to wait for
France to pay her. but the sonar
law government intends to strictly
fulfill its obligations to America and
does not want to risk misinterpreta-
tion in the United States where the
play may be regarded as another
scheme to escape payment of the
war debts.
see No fsoNS 10 - =.
1t is pointed out that America
would not be losing by granting a
moratorium on the allied debt in as
much as England is the only coun-
try from which the United states has
e chance of getting any money for
the present And England. IL is in
sisted, will continue her present
policy Of paying what she owes.
srrE- NTsr 1NNFr MI N
AartIy depends on the outcome of
reparations commissions trip
Berlin, but il seems TO promise
ce of success and will be intro
at the reparations conference
BRUSSELS or elsewhere
The departure OF the reparations
Dfonnnfsston for Berlin, therefore,
begins a movement which may de-
AyeIgp the greatest Significance for
the United States.
Aim to Stabilize Mark.
The commission VIII open nego-
tiations with the German govern
ment regarding the stabilizIng of
the marx and the balancing of the
budget. 1t will ascertain whether
Germany can balance her budget
and still leave a margin for repa "a
tions payments. Germany VIII ne
requested to submit the program
for neNs years budget. Then the
reparatIons commission will attempt
TO determine Germany's financial
position for the coming two years.
They WI dec:ds v.Lct1e; Germany
can make any rep.,rati0ns payments
and, il 50 how rlucn.
The significance of the commits
sion's trip to Berlin rests on the
fact that this investigation prob
ably will form the basis of discus
sion when the allies eventually take
up the reparations and allied debts
questions. and the matter of de-
claring a moratorium.
The Washington herald., 1922-10-31
NEW YORK GIVES
ODDS ON MILLER

NEW YORK. Oct 3o.-As Gov. Ma
than Miller and his Democratic op-
ponent. former Gov. Al. Smith. swung
into the city today for the fnal week
Of the campaign. betting In Wall
Street continued to favor Miller.
Ope firm had sloo.ooo to bet on
the Republican candidate at even
money. and $4,000 TO place on Srnitii
at IL to 10. II is estimated that
s75o,o0o has already been placed on
the two men.
The Washington herald., 1922-10-31
Enters College at IL Years

NET. YORK. Oct. 3O.-Daniel Ber-
man. Il. New York. enrolled as a
freshman AT Columbia University to-
day He entered school AT .. COM
pleted his prepa ratory course in two
years sos wants to be a lawyer
The Washington herald., 1922-10-31
Big Rail PROBLEMS
AWAIT CONGRESS,
EXPERTS DECLARE
Living Wage Issue Will
Force Fight on Esch-
Cummins Law.

NEW YORK, Oct. S0.-Financial
leaders foresee developments which
they believe will turn the railroad
question into the biggest problem
that Congress will have to deal with
soon. Work is expected to begin on
IL at the short December term
The decision of the Railroad Labor
Board to reject the living wage as
the basis for fixing wages already
has brought from Samuel Gompers.
president of the American Fedora
tion of Labor, q demand that the
Esch-Cummins act be repealed.
President Harding has begun q
series of conferences. out OF which
he will form a program Of railroad
legislation to be presented TO Com
gress soon after IL convenes. These.
in the opinion Of financial leaders
here, are only the FIRST manifesta-
tions.
Four Diss<tsAed Elements.
They see big underlying forces.
each dominated by more or less self
ish aims. about to bear down on Con-
gress for a new handling of the rail-
road problem. These dissatisfied ell
ements are:
l. Labor. which has always op-
posed the Esch-Cummins act. and
which is now incensed by the aban-
donment of the living wage" as a
measuring stick by the Railroad La
Dor Board.
?. Shippers. who embody the
great majority of farmers. stock
rafsers, lumber men. and many
manufacturers. They demand lower
rates
3. State railroad commissioners.
who pull strong political strings.
want their old authority over the
ultra-Stste rates restored.
4. Railroad executives, who de-
clare that the railroads are earning
only 3 1-2 per cent on their prop
erty as fixed by the Interstate Com
merce Commission. and that, while
this condition prevails they can
not raise capital to meet the grow
ing transportation needs OF the
country. The executives also are
dissatisfied with the regional con-
solidation plan proposed by the In
terstate Commerce Commission.
Strong roads object to being forced
to absorb money losing lines.
Onions Denounce Board.
CHICAGO. Oct. 3o.-Ieader. of
railroad labor united today in de-
nouncing the attack OF the Railroad
Labor Board on the living wage"
members Of the board stood pat on
their opinion. At the same time.
spokesmen for the board declared
nv tn1, hot
as drastic as Il appeared 10 have
been generally construed.
A. o. Wharton. the only board
member to dissent from the living
wage" opinion, directed a return
broadside tonight, declaring that II
the majority report were consistent.
IL would follow Its hour
increase to the maintenance men
birth control"
Wharton supported his opinion
upholding the living wage" as q
basis for awards with the assertion
that the average workingman's
family consisted Of three or more
children and that the boards con-
tention falls 10 the gsound because
OF its false assumption that all OF
the 100000 families IN the CSited
states are families OF wage eayners,
The 32.ooS.oos families are declared
by the board to average Ia children
apiece.
The present basic wage scale OF
25 to 81 cents an hour for painte-
nance men will not provide the
father OF a family with as much
food as is allowed a copvict In the
Cook County jail" Wharton as
serted.
The Washington herald., 1922-10-31
BONAR Law MOVES
TO PREMIER HOUSE

LONDON, Oct. 30.-Premier Bonar
Law formally took possession of the
official residence OF the prime minis
ter at 10 Downing Street today. 1t
is expected the cabinet will meet
early in the week.
The Washington herald., 1922-10-31
Bankruptcy German Plea.

BERLIN. Oct. 3O.-Germany is ex-
pected to declare herself bankrupt.
so far as meeting reparatiOns de-
mands is concerned. when Chan
-eIlor wirth meets the allied repair
ations commission here tomorrow.
The reparations experts will he
told that Germany has reached the
point where. if she is not granted
outside aid in the form Of 4 mora
torium or a loan, she will be un-
able to pay any sort of reparations
for the time being.
In this connection. the question
of American-entente debt cancella-
tion. or some form Of adjustment
Of the allied and American debts
will again come to the foreground
France. it is indicated. will not in
sIst upon occupying additional Ger
man territory il she is convinced
hat the United States will either
cancel Frances borrowings. scale
hem down or grant a respite in
payment
Warns of Catastrophe.
Warning that F-cunce's reparation
demands If endorsed by the other
lilies and enforced, would spell ca
astrophe for Germany and the end
Of all reparatiOns payments was
given today by the German min
ster of economy. Schmidt
should the members Of the rep
irations commission decree the es-
.ablishment Of customs barrier
Schmidt declared. they will not
obtain a single ton Of coal more. The
only consequences from that French
demand would he the humiliation
IF German industry. the starvation
Of 6o.0OO,o00 people and the total
ruin of the insignificant remain
OF Germany's reparation power"
The Washington herald., 1922-10-31

Continued on Page Three.
The Washington herald., 1922-10-31
Warn Public by Posters.

Continued on Page Three.
The Washington herald., 1922-10-31

Continued on Page Eight.
Every evening, Wilmington daily commercial., 1922-03-01
FINANCIAL

NOTICE OF REDEMPTION
To holders or Victory Notes and others
concerned
Notice f. hereby given az follows:
l-Call for redemption of ai. per cent
Victory Notes. All of the al per cent
series Of United states OF America Con
vcrtiblo Gold Notes of t022-23 otherw lso
known as "a per cent Victory Notes. are
hereby called for redemption on June u.
1929. pursuant TO the provision for re
dcmptIon contained In the notes aud In
Treasury Department circular No 1873
dated April ~, 1919, under which the
notes were originally issued Interest on
all victory Notes OF the 3a4 per cent
series win cease on said redemption date.
June rs. 1922
Suspension and Termination OF Vic
tory Note conversion privilege In view
OF the call for the redemption OF all ~
per cent Victory Notes on June H. 1929.
Treasury Department circular No. 1873.
the privilege of conversion Of Victory
Notes OF either series into Victory notes
nf the other series Is hereby suspended
from February q. 1922. To Juno ~, 1922
both inclusive and on juno i5, 1929. will
terminate. victory Notes accordingly
cease to be lntcrconvertihle. effective Feb
ruary o. 1922, and on and after that date
no conversions of the notes may be made
3-Detailed Information as to the pres
entation and surrender 81 3sl per cent
Victory Notes for redemption Is given In
Treasury Department circular No. 277
dated February o. 1922 copies Of which
are available at the Tcasury and tho
Federal Reserve Banks
(Signed) A. W. MELLON.
Secretary OF the Treasury. Feb o. 1929
Every evening, Wilmington daily commercial., 1922-03-01
DU PONT CONVENTION.
Technical Bureau Men Meeting
Wilmingto

The annual convention of the Tech
nical Bureau OF the Explosives De-
psrtment OF du Pont Company was be
gun this morning In the du Pont
Building. Representatives of the COM
pany are present from various mining
and Industrial sections. Tho program
OF the convention includes reading OF
papers having to do with the moro ef.
ficicnt and economical use OF explo-
sives. and discussions OF the problems
which arise In actual work in TIL,
field.
Among those present are J. w. Kos
ter, 8. c. Jones. i. w. Hultill and &
l.. Potts, OF Pittsburgh; II. II. sum
mer and James Towal. OF st. Louis; w
]. German OF Huntington. w. Va; r
T. Luscher. OF Birmingham. Ala; II
T. ]. Duffey. OF Chicago: A. T.. Ander
son OF Denver: w. l.. Chamberlin o
Scranton s. r.. Russell. C. s. Hurter
w. r. Swint. ]. y. ODonnell. l.. I
Mahony. j. w. Mccoy, ID. NJ. Mac
Donald. w C. Wilson, T.. It. Carley an,
Il. II. Manchester, of Wilmington. Mr.
Arthur LaMotte. Manager of the Tech
nical Bureau. Is presiding.
Every evening, Wilmington daily commercial., 1922-03-01
phone CO. DIVIDENDS
NOT HIT BY HARD TIMES
America, With Sixteenth of
Population, Uses Two-thlrds
OF the Devices.

By Associated Press to Every Evening.
New York. March 1.-The American
l.cople far exceed all others In tho uso
Of modern appliances, the annual re-
port Of the American Telephone and
Telegraph Company, issued today,
shows.
"Forty-f,v years after the invention
OF the telephone" says President II. Il.
Thayer. Europe has only one tele-
phone to each 100 OF tho population.
while tho United States, with only one
sixteenth of the population of the
world. has two thirds OF the worlds 3
telephones"
Referring to the company's financial
condition, President Thayer states
that earnings applicable for dividends
amounted to lilo per cent. against
11.72 per cent In 1920, when the COM
?any made tho best showing In Its his
tory.
Net earnings In 1921 aggrega. cd
S73,523,S13
Every evening, Wilmington daily commercial., 1922-03-01

REMOVAL SALE Moving 90 our new
quarters. l02- lO4 Market street March
J. Prices less than half Misft Cloth
Ing House. now at 1913 Market street
Every evening, Wilmington daily commercial., 1922-03-01
STOCKS GO HIGHER,
MONEY 43-4 PER CENT
Equipments. Independent Steels
and Motors Continue to
Advance.
ny Associated Press to Every Evening.

ny Associated Press to Every Evening.
New York, Mar. 1.-(Wall street.
1880 a. m.)--The short interest In the
stock market hurriedly covered Its
contracts at the opening OF today's
session as many popular issues made
early gains OF l to 8 points.
Leaders OF the advance. which was
stimulated by tho further rise OF
British exchange, included Gulf
states Steel. prominent equipments,
oils and several OF the rails. notably
Canadian Pacific.
Sugars and food spccialtles extend
cd yesterdays substantial gains. Ma
tional Biscuit rising 3 points. Market
street Railroad, Prior preferred. was
the only rcactionary issue. falling M
points
Noon.-Fears Of an early money
furry. due 10 March / payments, were
Hroundless, call loans opening at AZ
per cent Equipments. independent
steels and motors and their subsidiaries
continued 10 move forward with ship
pings
Gains Of to points were made
by kelsey wheel Crucible. Rcplogle.
Nanadium. New York Airbrake.
Pierce Arrow. preferred. Stewart War
ner. Stromberg. United States Rubber
and Kelly Springfield.
Mexican and California Petroloums
and Standard OH of New Jersey.
featured the stronger oils.
Except Ter Texas and Pacific and
Canadian Pacific at gains Of point
and Ia points rails were apaihetic
Every evening, Wilmington daily commercial., 1922-03-01
FINANCIAL NOTES.

The PENNSYLVANIA Railroad Company
reports for January net railway operating
with s37 .75e. or almost nothing, for tnat
month last year. Gross receipts were
o. 800 600 less. at So 1922. 1888.
Cities Service Company reports for
January net earnings available for the
common stock and reserves OF 1929. 7e4
decrease x3es, ,e4l.
Directors of the International Nickel
Co are sched uled TO hold special meet
ing Thursday Of this week at which IL is
likely that the selection OF new prosi-
dent to succeed the late William Bost-
wick will be considered.
A report was published this afternoon
that the United states Steel Corpora
ton nov Is operating at 90 per cent OF
capacity hs compared with 40 per cent
al the end of the year and the low record
of is per cent last June Expanding ac-
tvity is reported in nearly all depart
ments with special Influences at work in
tns tinplste departments
Another factor which has no doubt
contributed TO the recent strength In
the stock market has been the investlga-
ton OF the so-called bucket-shop evil.
which resulted In many failures and in
duced a large volume OF short covering,
kSy Spencer Trask a Co. OF New York
Improved business conditions In the
United states and continued Improvement
in the European demand may render 10
unnecessary FOR the Brazilian government
10 continue its system for controlling
the coffee market by valorization. in the
belief OF the National Bank OF Commerce
In New York
Missouri Pacific preferred was the out
standing feature OF strength in the rail-
road group today. The price advanced TO
. new high record for the present move
ment on buying attributed TO banking in
terests identified with the company Ac-
cruod dividends totaling SIS per share
must be paid before the common stock
holders can receive any return
The business situation has been bright
ened decidedly by the rise OF farm products
which has taken place In the last month. a.
says the National City Bank OF New York
This advance is of greater significance
occurred since the prices OF farm products
broke In the fall OF 1920. 1t Is the first
burst OF real sunshine. and. as such, in
markodkcontrast with the artificial variety
which has been rather laboriously dis
seminated by cheerful people who have
thought nothing was required but that
every ybody should smile at each other
Under the order made by the United
states Supreme Court for d reargument
OF the Reading Segregation case ON April
10, IL appears 10 counsel that the object
Is primarily TO determine whether the
plan is In full conformity with the de-
cree directing separation OF the properties
The matter was so argued before the
lower court. which was convinced that the
plan does meet the requirements OF the
decree which IL was under directions 60
supreme court Is satisfied on the points
which were raised I'm rhe appeal as TO
the rights OF the preferred aud common
stockholders. and is prepared to decide
As TO that on what is before IL. or 20 pass
81 over In approval or disapproyal Of the
plan. as it shall conclude such plan does or
dos not meet the dissolution decree.
Every evening, Wilmington daily commercial., 1922-03-01
DU PONT TAX SUIT.
To Hear Motion to Dismiss In Phila-
deIphia March 2.

1t was learned today from L. :.
District Attorney Hughes that the
hearing on the motion to dismiss the
injunction bill filed Ivy Alfred !. du
Pont against Harry I. Graham. col
lector OF internal revenue. to restrain
the collection of taxes growing out
Of the distribution OF stock Of the T.
I. du Pont deNemours Powder Co. in
October, 1913, will be held in the Fed
eral Building at Philadelphia instead
OF at Wilmington.
The change in the place Of holdins
hearing was made at the request Of
Judge Thompson. who will sit In th'
case. due TO the necessity Of his pres
cnce In Philadelphia on March s.
Every evening, Wilmington daily commercial., 1922-03-01
PENN.sRABOARD STEEL.
Fonr Of It's Five Plants Are Now In
Operation.

Replying 10 tho inquiry as 10 the
causu OF the decline IN tho market
price OF tho Penn -Seaboard Steel cor-
poration's voting trust certificates,
John II. Warren. president OF the com
pany states that there IL no reason
why this stock should DO selling at It's
present low price, Tho financial posi-
ton OF tho corporation has shown n
substantial Improvement during the
past year, there having been n large
reduction In current and fixed debt
Tho corporation has no fixed oblign-
tons maturing this year. and is
promptly meeting Its current bills.
Tho corporation has booked consid-
cradle tonnage during the last 30 days
with tho result that four OF its flve
plants are now In operation. tho opcr-
ntions ranging from % per cent to 81
per cent capacity. Preparations alsc
are being made To open the NTH plant
Tho corporation is now figuring or
several large contracts. which II con
summated. would alone mean capacity
operation for two of the plants fol
more than IL months.
Every evening, Wilmington daily commercial., 1922-03-01

LOST Mau's coin purse. near Sycamore
and Giles street. Reward 2I37 Gliles 81
Every evening, Wilmington daily commercial., 1922-03-01
LOCAL SECURITIES.
Reported Daily 1T Noon by Laird 4
Co., du Pont Building.
NEW CHARTERS.

Special Correspondence Every Evening
Dover. March Charters were fled
here. yesterday. as follows
Mammoth OIL Co. Wilmington. Del /:
capital 500, 900 600.
shubert Theatrical Co. Wilmington.
Del S25 100000.
whitasco Manufacturing Co. Dover.
Del $4,000. 900.
American speedometer Corporation, New
London. Conn: 1000. 900.
Emmett-Nsvarro Producing Co, New
York City: $500, 900.
Texas q Ohio Oil Syndicate. Pittsburg
Pa S25O.00O
Molly Pitcher Candy Co.. New York
City; 5000. 900.
Red Lion Candy Co. Whining ton
Del s20O000.
The Hill-winsten Co. Philadelphia. Pa.
100000.
Olson Shirt Co. Wilmington. Del.
100000.
Robbins and Neely Motor Sales Co
Scranton. Pa. $4,000.
Duquesne Investment Co. Whining ton
Del $4,000.
Quality Baking Co. Philadelphia. Pa.
$50 900.
Purdom Advertising Service, Inc. Louis.
vile. Ky: $4,000.
Increase in capital OF Columbiana Goa
and Clay Co. from 5000 900 20 $500. 900
Every evening, Wilmington daily commercial., 1922-03-01
ROMA PRoBERs STILL AT SEA.
Declare They WIN Investigate Every
Report Of tho Disaster.
prcss to EVERY gvrninr.

ny Associated prcss to Every Evening
Newport News, March l,--Eyery re-
port and every runner dealing with the
destruction OF the airshlp Roma
February 2t. with loss OF "a lives is
being investigated by tho board OF In
quIry.
This was the statement today by
members OF the board as they resumed
their investigation and went into scs-
sion at Langley Ficld.
On,clals at Langley Field have beer
beset with reports and rumors that
tho Roma was considered unsafe be.
fore she made her last flight but they
assert that thus far they have beer
unable to flnd anyone who has thrown
any direct light on this phase OF tho
catastrophe.
Every evening, Wilmington daily commercial., 1922-03-01
DIVIDENDS DECLARED.

Allied Chemical and Dye Corporation:
quarterly OF Ia per cent on preferred.
payable April /.
American Can Company. quarterly Of
u. per cent on preferred. payable April
American Multigraph Company, quarter
" OF ~. per cent on common. payable
March l.
payable April IS.
British-American Tobacco Company
Ltd, semi-snnusl OF pa per cent on pre-
fcrred. payable March 81
National Grocer Company, per cent on
common. payable March Is
North American Company. IL per cent
and l per cent in preferred stock on com
mon, also ] y per cent on preferred pay
able April ].
Pettibone- Mulliken Company. quarterly
OF y per cent on first and second preferred
payable April l.
Wheeling Steel and Iron Company quar-
terly OF per cent on preferred A and !.
per cent on preferred Il. payable March 10
Every evening, Wilmington daily commercial., 1922-03-01
Guarantee Credit Co. Hearing.

Chancellor Wolcott this morning be-
gan hearing argument on a rule tC
show cause why the Delaware receiv.
ership OF the National Guarantee Cred
Il Corporation should. not be vacated
George l.. Townsend. Jr. is the Della
ware receiver. and Francis McAdam'
and Thomas ]. Meagher. the Penn.
sylvania receivers.
Every evening, Wilmington daily commercial., 1922-03-01
{ olumhia Grnphophone Readiustment-

The Tine for he deposit OF notes Of
the Columbia Graphophone Co. has
been extended from February Is 70
March 10. and all noteholders who de
posit their notes on or before that
date will receive Immediately the $40
represented by the February !. 1922.
coupon. Notes may be deposited with
the Guaranty Trust Co.. $40 Broadway.
New York City.
Every evening, Wilmington daily commercial., 1922-03-01
NEW STORE PLAN.
"Heip Yourself" Method Proposed for
Chain In Delaware.

The Ilgglcdy-Piggledy Corporation
of Delaware. n chain store company,
whereby tho method OF doing business
Is after the plans adopted by help
yourself" cafes and restaurants. IN
to be Incorporated at Dover today.
For several months, representatives
of the company have been looking
Delaware over. from n business stand
point, and have decided that Tho State
is likely to prove n favorable site for
their business.
1t IL planned 10 open tho first store
OH Market street. and then 10 locate
on other streets In closely populated
sections According 10 the data which
Every evening, Wilmington daily commercial., 1922-03-01

the corporation has assembled, the
company ought In the course OF n few
years, 10 have n dozen stores operat-
ing In this city. The plan N 70 make
the start I'm this city. gradually
nprcnding out through tho towns down
State.
The corporation has opened offices
In the du Pont Building and Win di-
rect the organization Of tbs various
stores from that headquarters. Marvel,
Marvel. Layton and Hughes are at
torneys for The eorporatiSn.
Every evening, Wilmington daily commercial., 1922-03-01
Motorcycles and Bicycles
Service statlons-RepalrIng

AUTO TOPS AND CURTAlN-stern.
rear i403 Rodney. Phone 6I4o and 36S9J
CYLINDER GRINDlNG-l.et US re-
store your motors pep; have your
cylinder resround. fitted with new
pistons and rings; all work guaran-
teed. Call or phone for prices. L. Il g.
Motor Sales Co.. los Market street.
tom" MARTIN GARAGE--4OI Har-
rison street. Phone 622. Speciality
machine shop and general repairs on
all cars and trucks.
Every evening, Wilmington daily commercial., 1922-03-01
COUNTY BALANCES.

New Castle county balances report
ed by Treasurer w. S. Rurris TO Levy
Court yesterday include Sl46,s5s,ee 10
the credit Of the county and the fol-
lowing special balances:
Miscellaneous roads. s294.s1: Chris
tiana. S17,2ls.77: Mil Greek. s4.sSl.35
White Clay Creek. 5.4ss.es: Pencader
s2.716.35; New Castle, S4.55l44; Rec
Lion. sl.s26.5s; ST. Georges. ss,e74.o7
APPOINTMENTS. s72s; Blackbird, ST..
S64.74: Brandywine. se.44522.