davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-05-01
ROME is OPPOSED
TO TAX ON TOURISTS
Spokesman Says 1t Would
Keep Americans From Italy.

Special Cable TO TIE New YORK HERALD
Copyright, I9s2, by THE NEW YORK HERALD.
New York Herald Bureau.
Rome, April 30.
The Rome Chamber of Commerce has
taken the stand with other organizations
against the projected sojourn tax of 10
per cent. on tourists. The project is
now before the City Council and at
tempts are being made to introduce the
proposition in other Italian cities. The
supporters of the tax are In the minority
but they are influential
Luigi Bertarelli, president OF the
Italian Touring Club. in a newspaper at
tack on the tax declares 1t would dis
courage the bulk of American and Eng
lish travel to Italy
The New York herald., 1922-05-01
ZITA TO LEAVE MADEIRA.
Does Not wish to Live where
Royal Husband Died.

LISBON, April 30 ASSOCIATED Press) -
Dispatches from Funchal eay the for
mer royal Austrian family will leave
Madeira for Switzerland within ten
days.
II liz stated this step has beea taken
because the governments of the Allies
have granted the request OF former EN-
press Zita. who does not wish to live
in land where her husband died.
The New York herald., 1922-05-01
ITALIAN GOVERNMENT
ASKED TO AID IDLE
Guards Called Out After
Plant Disn1isses I 500.

Special Gable 10 THE New YonK HERALD.
Copyright W.s, bV THE NEW YoRK HEsALp.
New York Hcrsld Bureau.
Rome, April 30.
The dismissal OF 1900 workers from
the Fiat automobile works at Turin fol-
lowing close on the heels OF other dis
mssals Of worsmen in large numbers
has resulted in the calling out OF strong
police guards TO prevent demonstrations.
Thus far no untoward incidents have
occurred. The automobile works are
now practically at a standstill, there
being only fifty workers in the shops.
The chemical and rubber workers at q
meeting voted to ask the Government TO
aid them during their unemployment
period.
The New York herald., 1922-05-01
Mexican Rent Directors
to Parade ON May Day

A HEXICO CITY, April 30.--Or-
M ganized labor las planned
a series of demonstrations
for tomorrow. Thus far there is
no indication that police obstacles
will be encountered. One parade
will be made up of more than 5000
tenants OF Mexico city. who are
protesting against high rents. The
tenants Of the capital have formed
a union and several weeks ago
threatened general strike" by all
persons paying rent unless land
lords acceded to their demands for
reductions.
The New York herald., 1922-05-01
GALWAY IS DIVIDED
BY HOSTILE ARMIES
IrreguIars Capture Dock and
Custom House.

GALWAY. ireland, April S0.--Irish
Republican Army irregulars to-day oc-
cupied the Custom House. the new
docks and the bonded warehouse at
Nuns Island. They also occupy the
Freemasons' Hall. the Oranmore depot.
the Lenaboy Castle, police barracks and
naval base.
The Official troops occupy the railway
hotel. the country club. the post office.
the court house and the county jail.
CORK, April 30.-John Bradfeld. a
Protestant. was shot and killed In the
Bandon district to-day.
The Bishop OF Cork In his sermon
at the Cathedral to-day condemned in
the name OF Catholics and himself the
wicked murders of members of the
Protestant community" The Bishop Of
fered the deepest sympathy of himself
and his people to the families OF those
killed.
Abiding to the murders in Belfast
the Bishop declared Ireland, both north
and south. stood disgraced before the
world. He earnestly appealed 10 the
young men of his diocese to shun or.
ganizations which had been declared
immoral.
The New York herald., 1922-05-01
AIR BOMB FALLS NEAR
u. S. MARINES IN CHINA
Train on Way to Pekin Men
aced by Army Plane.

LONDON. May 1 tMonday) An air
plane used by the Chinese forces. flying
from Poa Ting-fu to Fcngtai. dropped
a bomb, but without damage. near n
train carrying detachment OF Amcri-
can marines TO Pekin, says n dispatch
TO the London times from Pekin,
The New York herald., 1922-05-01
CREEK NATIONALIST
COUP FRUSTRATED
Defense Committee in Smyrna
Had Infected Army.

CoxsrAHrrsoPLE. April 3o.--After ex-
tended negotiations between the Greek
Commissioner and Gen. Ioanou. acting
on behalf Of 300 officers and men OF the
Greek National Defense Committee. all
members affiliated with the committee
have pledged themselves 10 return TO
Ion,a. and deserters Will benefit by an
amnesty and be rehsbilitated.
The New York herald., 1922-05-01

A dispatch from Constantinople April
q said the Greek Nationalist movement
IN smyrna had spread and that two
thirds OF the army already had been
won over 10 the defense committee
which, Il was announced. would pro-
claim the Independence OF Smyrna the
moment the Athens Government ordered
the evacuation OF Ionia.
The New York herald., 1922-05-01

FOUND ANYTHING?
II so, see II Il IL advertised In the Lost ant
Found columns OF to-day's New York Hsrald
Adv
The New York herald., 1922-05-01

nA4444EEEAg NldllIIIllS IilS VII
tue of Turkish Tobaccos,
that the original Turkish
cigarette may well keep
silence.
1t can afford to, with forty-three
years of supremacy speaking for it.
When the enjoyment of a cisa-
rette is multiplied by millions, it
becomes factor in the sum total
of human happiness.
Such is Melachrino, sold the
world over. To smoke them is to
be on familiar terms with one of
life's luxuries.
Prv Tnkih ,sJaso Is he end rbazs Esed in Ifsle-
eh,ino Cteayoy baae TwkJh sbaas is hs sziy osarrrs
hbacs tphich bf nod pr natural aas, and deer
not ,sqmys artificial nearS brrsrsm ir Gsqnns and
dtinan a,vma.
Pvs tuHfer 10 all haf is addlS IfelaoiyIrs sstxr IN
nsw and d5hnnsv pr,fsyrzfr re tvyl etvy fkS 1rfy
that IL Is csmpsfed srb sf fAs ebsiccf Twtnk sbaas
gyvuw-impsfnbk iviiaE v sqnaL X
The New York herald., 1922-05-01
TWO PARIS POLICEMEN
WOUNDED IN RED REVEL
Communist Hdranguers DraU
CrosDd of 10000.

Special Gable to THE New YORK HERALD.
Copyright, 1929, by THE New YoRK HERALD.
New York Herald Bureau.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19

sired As an addition to them but
would be most acceptable to replace
or modify the present heavy sur
taxes under which many individ-
uals are now staggering.
Foreign Trade and Credit.
Latest returns for our foreign
trade show a progressive reduction
of the export balance in favor of
the United States. According to
the Federal Reserve Board, II due
allowance be made for the various
issues Of securities floated here
during the last few months and
for other items in our invisible"
balance. the unfounded or out
standing claims Of the United
States are probably not greater to.
day than three OF four months ago
This fact in itself would help to
account very largely for the i'm.
proved position of exchange, par
ticularly in our relations with those
countries which have most nearly
succeeded in balancing their export
and import relations with ourselves.
IL 10 not strange. therefore, that
decided improvement in exchange
conditions has continued.
Market Review and Outlook.
Business has been somewhat i'm
proved in volume on the exchange
for several days past, and while at
times light has, nevertheless, been
helped by a strong undertone. with a
prevalent feeling that money Is to be
made In the long run by holding to
stocks already ip possession of the
investor. In the absence of unfavor-
able action at Washington. continued
improvement may be expected, and
in that view Of the case, the purchase
OF stocks whenever offered at moder-
ate concessions, with the idea of dis
posing Of them on recoveries, seems
likely to be the order Of the day until
some general influences afford a
stronger impetus. The strength Of
the market Is very convincing evil
dence that the bull movement recent
ly started has by no means run its
course. To be sure, the demand for
stocks from the general public is still
light. On the other hand, there are
no offerings Of consequence, and this
makes II necessary for bids to he
raised to bring out any stock. Az
pointed out repeatedly, owners Of
stocks who have carried them
through troublesome times cannot
be induced to part with them now
that the outlook Is assuming a very
much brighter hue.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
Pressed Steel Car

Condensed analysis OF Pressed
Steel Car. founded on figures shown
in its annual report shows why
the stock holds its present position
even though no dividend is paid.
In the first place, the shares are
held by strong interests who be-
lieve in the company. Therefore
II is not active and not subject 10
violent raids from the bear ele,
ment. Its financial position is
quite strong and promises well for
dividend resumption. once railroad
buying RECEIVERS. The common s
asset value of S137 a share is
quite high.
This is due. TO some extent, to
the value placed on franchises in.
cluded in the plant account. The
most favorable factor is the big
reduction in inventory, bringing it
down to S2.9S9,00 This leaves the
company in favorable position
to secure supplies on new orders at
low prices now prevailing for steel
and other necessities. With a work
ing capital OF 1890. 900 and surplus
of $14,677,OO0. there would appear
to be ample ground for the faith
OF insidere
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
C|LLETTECQ.
EARNINGS SHOW
BIC INCREASE
Razor Company Earned ST.
o08, 564 in 1921, Showing
Gain Over Previous Year.

The Gillette Safety Razor Com
pany, the dominant manufacturer In
its line not only in this country but
in the world, has been hanging up
new records of earnings. The year
recently closed showed that Gillette
in 1921 learned before taxes $7,OOS,-
564. which compares with $685. O7
in 1920, $6,025,3 in 1919 and $5.252.-
1876 in 1918. In fact, for each year
of the past decade Gillette Safety
Razor Co. has increased its earnings
over the preceding year, an achieve
ment worthy of more than passing
comment when II Is remembered that
the past ten years spanned the war
and postwar REIMBURSEMENT periods.
Pay Dividends.
At the end of 1921 the company
had outstanding 275,000 shares OF
stock, but as $4,000 shares Of this
capitalization represented a 10 per
cent stock dividend paid in the final
month Of the year II Is fairer to
figure the earnings on the 100000
shares Of stock which were outstand-
ing for more than eleven months.
On this basis the company earned,
before taxes, $28.03 a share on its
through 1921 with deep scars. 1t was
the most prosperous year in Gillette
history, as attested by the payment
of dividends totaling $12 in cash
plus 10 per cent stock, the latter
dividend having a current market
value Of more than $1S.t
Its total quick liabilities on De-
cember 81 last were $265,87S in &C.
counts payable, which compares with
notes and accounts payable of more
than $1,000, 900 three years ago: The
company Is also running very strong
in cash. with $2,434.437 on hand De-
cember 81 last. Inventories and re.
ceivables were slightly reduced dur
ing the year.
Launch Selling Campaign.
The Gillette management in 1921
launched its most important mer-
chandising campaign in connection
with the Introduction to the shaving
public of it's new improved razor.
and at the same time decided to
market the old type Gillette, with
fewer blades and in a different case,
at greatly reduced prices. The re-
suit was the largest sale of extra
blades in the company's history at
1881 1851 dozens and a turnover of
4,248, 069 razor sets, which latter
figure compares with 2,090,6l6 sets
in 1920, and was exceeded only in
1918 when more than three-quarters
of the sales were to the army and
navy.
The prosperity which came to the
Gillette Company in 1921 has spread
over into 1922. January sales were
over 264,000 razor sets. and more
than LAY 900 dozen extra blades.
This compares with 1853 900 razor
sets and 1000 dozen extra blades
in January. 1921. January Is usually
q period for stock taking by dealers
and new orders are Kept down to a
minimum.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19

to American business on the Sc
curity Of stocks and bonds pledged
for loans at banks-given not only
to big business but to small bust
ness in $1,000 and $4,000 lots.
Why can't the security be taken
safely by bank? How is its value
determined? The answer to both
questions is that the stock exchange
or the stock market tells the bank
er at a glance what a stock Is worth,
and from day to day let's him know
whether or. not the stock Is suffici-
ent security for the money lent.
Moreover, IL the stock begins to go
down so as to endanger the loan,
the stock exchange provides a mar
ket where in five minutes the secur-
ity can be turned into dollars and
the loan be paid. All very simple OF
course, but by such simple processes
are banks kept sound, depositors pro-
tected, and business kept going.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19

The banks lend too much money
TO business men and Wall street
gamblers, and too little to the men
who produce our food and clothes
from the SOIL"
This is a common thought among
persons who imagine that the bust
ness OF the country can be snapped
back into place by a gesture. as a
broken leg Is sometimes snapped
back by a bone setter. But II can't
be done, and those who preach that
II can, simply spread confusion.
Business-industry and trade-do
credit. But why not? why
shouldn't they? On rather close
figuring. industry and trade produce
nearly half of this country's yearly
income; on liberal figuring and
estimates, nearly two-thirds. Manu-
featuring alone produces a third of
the income of the United States.
That Is twice as much as is produced
by the next big factor in the ma
lions neutrality-suspicious. or farm
ing.
Farming Income Twelve Billions.
When the United States has an in
come of about $50, 0OO, 600, 900, as it
had in 1918. farming provides about
1000 900 900 to $4,000, 0O0, 900 and
business in general nearly all the
rest. Why, then, should not "busi-
ness In general" require more credit,
borrow more money, demand and get
more accommodation at banks?
Not only does business, as gener-
ally understood, produce the bulk Of
the wealth, but its operations are
quicker; 1t produces and sells. buys
and sells and replenishes it's stock
with far greater rapidity than can a
landowner with it's immovable acres
and periodical crops. A business
man can borrow on short time notes
or on selling contracts. pay up end
borrow and pay up again with far
greater speed than can a wheat
grower. fer instance. That fact
alone gives him the advantage at a
bank that wishes to keep its re-
sources moving and be in a position
always to realize on them quickly II
any emergency comes.
This advantage has nothing to do
with personal bias or prejudice, or
with crookedness or evil intent. II
disc moves faster than land, COM
mercial paper is a quicker article
than land mortgages-thati Is all.
Stock Exchange Essential.
As for Wall Street. 1t may be said
that II there were no stock exchange
the whole industrial life Of this coun-
try would be suddenly blanketed
and reduced permanently to the pres
ent unfortunate position of the far
mers and farming-and that would
hurt everybody, help nobody. Think
Of the vast amount of credit given
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
Butterick Dividend.

Weeks ago there was a rumor in
circles usually reliable that Butter.
ick was to pay a dividend soon.
1t now appears that while Butterick
will resume dividends, no one is
willing to say just how soon. 1t is
stated that the directors do not
wish to declare a dividend until
the annual report is out. That is,
they want Ito know how much the
company earned last year" Every
one knows how much was earned
in the eleven months of last year.
And yet there can he no reliable
estimate made Of the years earn.
ings two months after the close OF
the year. While waiting for the
annual report, the stock goes back
and forth in sympathy with the
various rumors.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
SINESS AND FINA NOE OF ,%%zssMaaaEESmD

regret not having taken q rational
amount Of time to play"
The grave nervous breakdown Of
II. T.. Dawson, OF J. T.. Morgan &
Co., has forced this same thought
into the minds Of many financial
and business giants who had come
TO imagine that they were altogether
too busy to waste" any time on
recreation or relaxation.
Harvey Fisk & Co. the invest
ment bankers. years ago admitted
quite a young man as a partner.
One day very soon thereafter a bed
raggled old woman walked into the
office. The young partner spoke TO
her. She told him, trifle CURLY,
that she wanted to talk with a
member Of the firm. He explained
TO her that he was a partner. She
scrutinized him skeptically. Then
she remarked, ~ notice you are
bringing out a $l5,000,0O0 bond
issue. / wanted to tell you that If
you wanted any money 1 would be
willing to advance any part OF 1t or
all of it," The young partner
thanked her but explained that
they would not need any Of her
proffered money.
AS she walked out, he tapped his
forehead and remarked, THE poor
old woman Is nutty."
Just then another member Of the
firm appeared on the scene in time
to see the old lady disappearing
through the door.
| do you know who that it," he
asked the young man.
NO" he replied.
That's Hetty Green. What did
! she want?"
Then the older partner explained
that they had done millions and
millions of dollars worth of bust
ness with her.
! Never judge by appearances" he
admonished the young partner.
What's holding back business?
Does this letter, received from the
head of real estate company In
| the State of Washington, suggest
! one reason?
I'VE. in our twenty years real
estate business in this city Of now
| 900 people, find that about 81
per cent Of our deals are knocked
ny our DdnheTb ny lHlOTIIllHB Jul
customers they would do better II
they would wait a while.
Things will be cheaper they
say-and IL has always been 80
Only last Saturday, in dealing with
a stranger. selling him a home. he
stated he thought our town ought
TO be better and would be better il
there weren't so many knockers.
then told him that l thought the
bankers here were our worst. He
! laughed and said, Yes, there is
where l got my information not to
buy at this time
"Our bankers must be Jared
loose. They have too much power
and they are misusing il. ] think
you will find upon investigation that
: in every town. big or little. the
progressive man who wishes to &c
ahead must do so against the judg
ment OF the bankers"
Don't become too much Of a bear
| on the United States.
Copyright 1922, by b. c. Forbes.)
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
Bank Credits Being
Used for Speculation
Urges Banks to Lend Money to Men Who
Produce Business and Not Wall
- Street Gamblers.
By GEORGE w. HINMAN.

CHICAGO Feb. 49," Banking credit should be dedi-
Gated almost exclusively to the production and dstrbu
ton of wealth. but at present it is largely diverted to
speculation"
This is what economic writer of national reputation
told the congress of cooperaors in Des MONIES the night
before last The average reader will interpret the words
in about this way
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
BANDITS GET $4,000.

PHILADELPHIA, Feb. 1s.-Five
bandits today held up James
Winthrop, paymaster Of metal
working factory, and after severely
beating him, escaped in an automo-
bile with $4,000 in cash.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
MONEY IN GRAIN

1880 buys Guarantee Option on $1,000
bushels OF wheat or corn No further
risk. movement OF &c from guarantee
price gives you an opportunity to take
$500: &c. 1900; &c. $500, etc. Write for
particulars and free market letter.
INVESTORS DAILY GUIDE, Southwest
Branch. nesL c. 1904 Baltimore Ave,
Kansas City, Mo.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
WALL STREET GOSSIP
Kelly-Springfield Report.

The ly-Springfield report is
expected early next week. and It is
likely to make a showing somewhat
along the same lines as that Of
United States Rubber. There Is
much tipping Of the tire stocks in
connection with the expectations of
better automobile business. How
ever. experienced traders are pay
ing little attention to them, as the
manner in which the pools in the
tire issues work has discouraged
outsiders. Once the automobile
business gets back to normal and
general business RECEIVERS. Kelly
Springfield should be able to as
sumo a prominent position. The
immediate outlook is not so good.
1t has not been inventory that has
been Kelly's financial burden but
its new plant at Cumberland. The
cost Of this. it Is stated, has not
been met as easily as expected.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-02-19
Lincoln Motors Novel Plan.


Dispatches received by a promi-
nent Broadway house would indi-
cate that those now in control Of
Lincoln Motors are planning q
novel award for faithfulness. There
are a number Of holders Of Lincoln
Motors "a" stock who have had
their shares since the organization
Of the company. Advices indicate
that tentative plans are being con-
sidered for the protection Of these
shareholders. Only those who have
had their stock since the beginning
Of the company will share in the
benefit, should the plans go
through. This would be the first
time in the history of finance that
any such action was taken, but
then Mr.. Ford has never been
alarmed at the idea Of leaving the
beaten path OF past history when
he thought he was doing right.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-03-06
Rapidly GrOUiRg
Industry of Tulsa

The shatfer Specially company
started business IN Tulsa In April.
1919. with offices IN the Kennedy
building. Later they moved TO zoo
South Cincinnati avenue, and In Mo-
vcmber, 1920, opened up machine
shops at 100 South Cheyenne ovo-
nuc, from whore ,hoy again moved
to their permanent location In lnrE-
or and better quarters az 3O3-3l ]
West First street iu April 1871,
where they are NOW located. Th"lr
plant has steadily been increased
nnd expanded until today 10 is one
OF the most modern uud up-to date
speciality manuiactuuuE machine
shops In the state. \ complete
stock OF Wainwright plHtOns and
McQuny- Norris pis,uu rings Tor all
makes and types OF motors are car
flod. In conjunction with their wet
process" cylinder grinder.
Tho manufactured products OF
This firm include tho Shaffcr 4 In !
sucker rod socket, I,fiDy rod con
ncctions. one slip sucker rod sockets,
Almctal sand reel supports, and the
Angus safety casing clamp.
Mcsgrs g.. W. Sh1ffcr, g. J Shaf-
Ter, j. r.. Shaffcr Hud -. W. Shutt'r
compose tho members OF thus iIm
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-03-06
Fifth Semidnnudi
Motor Gas Surrey

Tho United states bureau Of mincs
nfth semlannuai motor gasoline sur
vcy by 4. u. Bauer and n. a. g..
Smith, shows that quality Of gaso-
limo being sold during present winter
81 on the whole similar to that sold
n year ago. Indicates conditions pt
high volatility repeated last SUM
mcr only temporary, ana that there
has been no radical change In ro-
Timing or marketing methods Fact
that present tank wagon prices are
practically the snme as last summer
indicates, according to report. that
the gasoline situation is becoming
more stable. The July. 1921, report
survey showed that the average mo-
tor fuel sold at that time has sur
prislng high volatility This was
contrary 20 expectations, because for
number OF years past summer
quality" gasoline has bccn much less
volatile than "winter quality" Gnso-
1ne stocks were largely drawn upon
during the summer and the country
entered upon tho winter period with
ilttlo more gasoline IN storage than
normal.