davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-10-30
TAKING
HAND IN UTAH.
SENATE FIGHT
Republican Tariff Policy Under
Fire in Lively Political
Campaign.
BY j. BART CAMPBELL,
Interna tionaI News Service.

A battle royal over the new Re-
publican tariff, with Senator Reed
Smoot, one of the makers of the
McCumber-F Fordney bill, as the gen.
eralissimo of the Administration
forces, has suddenly plunged the
people of Utah into one of the bit
terest conflicts of their history, ac.
cording to advices reaching the
National Capital today.
Instead OF returning here this
week, as he had p.anned, Smoot
sent word that he intended to. con.
tinue stumping his home State in
an avowed effort to justify the new
tariff law by striving to defeat
Senator William II. King, Demo.
cratic candid:,e for reelection. and
to bring about the election of
Ernest Bamberger. the Republican
Senatorial nominee.
BY taking up cudgels for the
tariff which King so strenuously
opposed in the last session of Con.
gress, Smoot helped to make it the
chief issue of the Utah campaign,
and upon it he and Bamberger and
their Republican allies will win or
lose.
The appearance of Smoot, the
next cha-Iman Of the Senate FL
nance Committee and an ardent
protective tariff advocate and Ad,
ministration spokesman. in the
Utah Senatorial. fight, is regarded
here as Of national political i'm.
portance, for within the borders of
the State are number of those
industries which he and other
sponsors of the McCumber.F Fordney
bill contended were in dire need of
the highest possible tariff wall 10
protect them from foreign competi.
ton.
II King. who fought hard against
the Smoot contention for a protec.
tive tariff, is defeated. and BAN.
berger. a wealthy Salt Lake City
mining man, Is sent to the Senate
in his place, the victory is certain
to be regarded not only as a per.
sonal one for Smoot. Republican
leaders here declared. but as a vim
dication of the Administration s
tariff policy. which has been sub
jected TO countrywide attacks by
the Democrats.
On the other hand. Democratic
leaders tarrying at the National
Capital said their information was
that the Utah election would prob
ably be close. and would leave the
tariff question still open, to he
threshed out again in tn" next
Presidential campaign. They pre-
dicted Kings reelection. while the
Republicans asserted that private
advices from .Smoot himself ind
Gated clearly BamherG"r's election
if on.y by small ma jOrity.
The Washington times., 1922-10-30
CHINA TRADE
ACT To HELP
j. 8. BUSINESS
Sec. Hoover Issues ReguIa-
tions Relieving Commerce of
Income Tax Burden
BY Universal Service.

American traders in China today,
for the first time. are on equality
with the British. French. and Japan
eSe. Regulations for carrying out
the provisions of the China trade act
passed at the last session OF Con-
gress, have been issued by Secretary
of Commerce Hoover.
Owing to special provisions ex.
tended by the British, French, and
Japanese governments to their ma
tionals operating in China, American
have suffered heavy
handicap. This disadvantage is now
removed by passage of the China
trade act, which provides for exemp-
tion from Federal income taxation
of stock in concerns directly engaged
in commerce in China, held by
resident in China, provided the
amount of money so eXelupted is dis
tributed annually as special
dividend to such stockholders.
Under Secretary Hoovers regula-
tions firms, in order to benefit from
the act. must be organized as District
Of Columbia organizations with the
specific purpose Of trading in China.
made to +. r. Eldridge. who has
been designated as assistant registrar
under the terms Of the act. He is
stationed at the Department OF Com.
merce. Acting Commercial Attache
Frank Rhea. at Peking, has been
designated chief registrar.
Applications must be signed by a
majority of the incorporators and
sworn to before notary public.
They must also set forth the date
and place Of application. name and
address of resident incorporation,
whether the application is for an
original or extended certificate;
names and addresses OF incorpor.
ators, and nationality Of each incor,
porator by name. Certificates Of
naturalization must accompany the
application in the case of any in.
corporators who are naturalized
citizens.
The Washington times., 1922-10-30
DR.. J. R. N DILL
GETS HIGH JOB
IN VET BUREAU
Veteran of Two Wars Is Made
General Medical Consul
tant to Director.

DR.. John r. McDill, veteran Of
the Spanish American war, Philip
pine insurreCtion, and world war,
has been appointed general medical
COnsultant of the director of the
United States Veterans bureau. The
duties Of DR.. Mc4Dill will he to keep
in touch with the medical affairs Of
the country in general and of the
United States Veterans Bureau in
particular; I odevelop for and sug-
gest to the director plans and policies
for the bureau.
DR.. McDill was chief surgeon in
the base hospital of the Fortieth Di.
vision at Camp kearney, Californi l.,
from September, 1917, to July, 1918.
In August, 1918, he was appointed
consultant in reconstruction in he Of.
flee of he. surgeon general. which
position he held until March. 1919.
DR.. MCDill was latr appointed chief
medical officer in the rehabilitation
division of the Federal Board for
vocational Education. with the rank
or assistant surgeon general in the
United States Public Health Service.
To the position of general medi-
cal consultant, DIR. McDill brings
the broad experience gained not
only in the military service in the
Spanish-American and the world
war, but also extensive service in
the civilian field. He was a volun.
teer surgeon in the Spanish. Amer.
ican war and served as brigade sur.
geon, and chief operating surgeon
in the field in Cuba for the Sew.
enth army corps and as chief oper.
ating surgeon in. Manila. While in
the Philippines he organized and
became chief surgeon Of the WON.
mans Hospital and of st. Paul's
Hospital. and served as professor in
surgery and head of that depart.
meht at the Universit yof the Phil.
ippines from 1906 to 1872 and also
served as chief surgeon of the
Philippine General Hospital. DR..
McDill also served as assOciatep ro.
fessor Of surgery at Rush Medical
College in the University of Chi.
Cago, of which he himself is a
graduate. He also studied at the
University of Berlin and the Uni.
versity of Munich.
AS an author on tropical surgery
DR.. McDill is well Known, and he has
also written numerous pamphlets on
surgery, and since the outbreak OF
the world war has written the follow
ing books. Lessons From the
Enemy" and How Germany Cares
for Her War Disabled"
DR.. McDill is a member of the fol
lowing medical societies: Surgeon
general and life member Veteran
Army of the Philippines; founder and
fellow American College Surgeons
Society Tropical Medicine and Hy,
gicne. A. NJ. a.; member Association
Military Surgeons United States
Wisconsin State Medical Society, Far
Eastern Association Tropical Medi
cine. Philippine Islands Medical A.
soCiation. and Manila Medical So
ciety.
The Washington times., 1922-10-30

A. ". MELLON.
Secretary of the Treasury
The Washington times., 1922-10-30
IMPORTATION OF CATTLE
TO PHILIPPINES COSTLY

MANILA, Oct. 30.-Nineteen Here.
ford bulls at the college OF agricul.
fure here are believed to he the
most Travelled and among the most
costly bulls in the world. They arc
what are left out Of ESQ Herefords
bought by the Philippine government
from Texas pastures three years ago.
Instead of putting the bulls into
the hands Of cattlemen, the govern
ment shipped them to Zamboanga,
at the southern end of the archi-
pelago, then brought them back and
afterward sent them out to the col
lege.
At various stopping points they
were infected with cattle disease
called rinderpest, from which most
lof them died. Nineteen are left =.
from which 1t Is said that fewer
calves than the original number of
bulls in the shipment have come
Native cattle are small; the original
intention was to breed size and beef
into them by crossing them with
the Herefords.
The Washington times., 1922-10-30
FREAR.PO|NTS=
To ERR0RS| IN
MELLON RULING
Again Demands Enforcement
of Penalty Clause Against
S. o. Surplus.
BY Universal Service.

Congressman Frear Rep) Of
Wisconsin. again has demanded Of
Secretary OF the Treasury Mellon
that he invoke the penalty clause
Of the revenue act in its applica.
ton to the billion dollar surplus re-
ported by the STANDARD on Com.
pany. In a vigorous letter he points
out that Mr.. Melons reply to
previous communications is. in ef-
feet, that the stock dividend deci-
sion Of the Supreme Court several
years ago renders the penalty
clause nugatory. He adds:
II have consistently tried to pre-,
vent you from falling into such n
serious error. whether. due to any
unconscious influence Of YOUR own
individual interests. or advice OF
others that may later be discussed.
I still maintain that while you are
understood to be interested az
former official in over sixty cor
porations, including United States
Steel, which announces proposed
stock dividend distribution OF $780,
100000. it will not influence your
decision as public officer. Further,
that your reputed wealth. according
to Klein, OF $500. 100000. with a
possible daily income Of $50.oo0.
places you in a position where you
can unquestionably prove that your
official act is Independent OF any
personal interest"
After quoting from the Supreme
Court decision and from one OF
Mr.. MELONS, "own Treasury regu-
lations" to prove that the stock
dividend decision has no more re-
lation to the law Of 1921 than an
edict of Mohammed," Mr.. Frear
continues: Your aid in securing
repeal Of the excess profits Law
saved these gigantic companies
large payments Of taxes that frr m
all sources brought $450,OO0,OOo to
the Treasury in 1921"
Mr.. Frear calls upon Mr.. Mellon
to say whether Commissioner OF
Internal Revenue Blair has called
upon any of the various companies
for statements in this connection.
Declaring that the State Depart.
ment has secured for Standard
Oil and other oil interests a right
to 10 per cent OF Mesopotamia' 3
oil fields" Frear declares that 1t
would devolve upon the Govern
ment to use force to carry out the
agreement in the event that Turkey
protests He adds that It would be
a matter OF partial justice to com.
pei Standard Oil TO pay its full
share Of taxes" TO help the Govern
ment defray the cost required FOR
the protection Of private oil en-
ploitations."
Mr.. Friar also deplores the lease
OF Teapot dome 10 the Mammcth
Oil Company. which he says is
Standard Oil controlled.
The Washington times., 1922-10-30
RAILROADS ACT TO MOVE
ALL FOOD SHIPMENTS

Emergency mea sures to move
food products from the Western
markets to the East were adopted
by the railroads today.
Lines in the Central West, North
west and Southwest have been
ordered % load Immediately all box
cars belonging to Eastern railroads
row on their lines and dispatch
them to Eastern destinations. The
use Of such cars for local traffic
in Western territory Is prohibited.
At the same time railroads In the
East have been ordered to return
to Western terminals at once all
freight cars belonging to the West
ern railroads.
The Washington times., 1922-10-30
|. c. c. STUDIES
F[OTATION Of
BOND ISSUES
Government Agency Inquiring
As to Rate of Commission
Charged.
BY MUNROE ROBERTS.
copyright. 1922. by Cosmopolitan
News Seryicel

NEW YORK. Oct. 30.-The Inter
state Commerce Commission has been
entertaining representatives OF bank
ing and business interests, more par.
ticularly the railroads. in an inquiry
as to the methods Of floating new
issues of securities. There has always
been more or less criticism Of the rate
of commission charged by big under
writing concerns in floating new
bond issues, and It has been held
that a rate as high as 2 or per cent
was excessive and made the charges
to receiving companies entirely too
high. While this may all be true, 1t
has generally been found that the
underwriting method is the most eco
nomical in the end, not only for rail-
roads and business concerns, but also
for governments and municipal dis.
tric's. II bonds could be sold more
cheaply from the office Of the county
clerk or an Industrial company. such
a method would surely be substituted
for the underwriting method which
now generally prevails. AS a matter
OF fact 1t has been tried on several
occasions and has been found a fail
ure.
The commerce commission has
however. made good stroke In
insisting upon wider competitive
bidding in the new issues Of rail
road bonds which will be forth
coming in the future. With good
market prevailing for such bonds
the underwriting companies will bf
under less expense in distributing
them and could, therefore. oper
ate on a smaller margin.
The service Of experienced bank
ers who not only know theil
markets but have excellent facili
ties for the quick distribution Of
bonds. is worth considerable tC
American concerns. which. OF ne
cessiary. are seeking the funds o.
investors and 1t is not fair to Cx
pect such services without q
reasonable compensation.
The new ~ per cent Treasury
bonds have proved less OF a success
on the listed market than in the
initial subscription. In fact. they
declined more than a point last
week. From this circumstance. bank
ers arc inclined to disa gree with the
prevailing opinion that the Treas
urv could float big issue Ia 4 pei
cent That the Treasury will bt
obliged to come to the investment
market in the current fiscal veal
goes without saying. since in thai
period it will be obliged to refund
about 81, 100000 COO of war loans. wal
savings certificates and Treasury
certificates. The general firming W
of the money market will also ht
an important factor TO consider ir
the flotatiOn OF the next issue oI
| Government bonds.
The Washington times., 1922-10-30
STOCK MARKET
IRREGULAR IN
EARLY TRADING
Cult States Steel Jumps 41-4
Points-Market Hit by
Selling Wave.
BY w. s. COUSINS.

Copyright. 1922. by Cosmopolitan News
Service.)
NEW YORK, Oct. S0.-The most
, imposing factor commanding the at
tention of the financial and specula-
tive community in the first of the
new week was the overwhelming evil
dence Of improvement in business
throughout the country. Commercial
centers poured ina succession Of the
most optimistic and constructive re-
| ports of actual performances in cur
yfrent business, indicating an expan.
sion Of trade activity to the largest
Z volume of the year to date. Money
conditions were slightly improved
and call rates Were marked down
fractionally.
Il. A mild demonstration by Gulf
States Steel. which jumped 4A points
at the opening, and an increase Of
q point or more in a small number
or the equipment and industrial
stocks were the only noticeable evil
dences of improvement in stock
prices over the weekend. Gulf States
was only repeating a performance
that Is becoming almost habitual
with this stock, whose small floating
supply is so closely held that 1t can
be moved around at will.
Equipments were all pointed to
fractionally higher prices, and active
rails had more gains than losses on
initial transactions. Elsewhere the
list was reactionary and the opening
level was generally below Saturdays :
close.
Before the end of the first hour
prices were unsettled throughout
the whole list by a selling wave
which hit practically all of the spec
ulative leaders in the steel, rails,
oils, and industrial groups. Marine,
pfd., suffered as badly as any, be-
ing pounded down to 80 for a loss
of over six points from Saturday $
high, weakness in this stock was
due to the persistence reports re-
garding the possible discontInuance
of it's semi-annual dividend or per
cent, due at the end or the year.
Allied Chemical. one of the outstana
ing weak spots in Saturdays Ses'
sion lost more than three points
more and sold down to "a, loss OF
twenty-one points from the h!gh
point established last week. Repub-
lie steel, American International,
Continental Can, and Chandler Mo
tor also lined up with the weak ones
and lost continually as stocks were
pushed for sale.
Liquidation continued without n
halt in the second hour and little re-
sistance was offered against the
flood of selling orders which swept
dnto the market from all quarters.
Prices receded from one to three
points, the losses extending to every
section Of the list. In the rails the
attack launched against St Paul
netted over two points in the com
mon which sold down TO IS and AZ
in the preferred at 43i2. Baldwin
broke through 1872 for loss Of TWO
points, Studebaker sold down TO 1876,
off 2h; Gulf States Steel at 9l&:
off 8: United States Steel 1852. Off
1: Marine preferred got down 10
- 49A; American Can II, and Retail
Stores lost four points AT S2L. Cru.
.cible lost 31a points at 75ls. Call
money ruled at per cent up to the
Nom neriod
The Washington times., 1922-10-30
NORTH DAKOTA
SENATOR MAY
Be DEMOCRAT
Party Lines So Badly Broken
Republican Party Seems to
Be Facing Defeat.
International News Service.

BISMARCK, y. D., Oct. SO.-Re-
publican North Dakota may. for the
second time in her history. send a
Democrat to the United States Sen.
ate.
With party lines smashed in the
campaign, the issue on the Senator
ship is drawn between j. +. T.
'O'Connor, Democratic and anti-Non.
Partisan League candidate, and
Lynn J. Frazier. Republican nomi-
nee and Non-Partlsan.
Never before has there been
such q complete breakdown in party
lines as in the present campaign in
North Dakota. A score OF years
ago a rebellious legislature turned
upon the dictates of Alexander Nc.
Kenzie, Republican boss OF the State.
and sent a Democratic Senator to
Washington. No other Democrat
has come close to election.
OConnor styles himself a pro-
gressive and former Governor Fra
Zier, who was recalled, n radical;
Frazier calls himself a progressive
and O'Connor n reactionary. O'Con-
nor Is opposed to extension or Gov
ernment ownership. believes In the
Farm Bloc and would vote tariff
protection for farmers so long as
the principle OF high tariff obtains;
believes the Government through
the War Finance Corporation and
other agencies should finance farm.
ers' cooperative marketing agencies,
wants the Federal Farm Land banks
to make twenty or thirty-year loans
and declares he believes in constitli-
| onal government as opposed 70
rndicalism Of the Soviet type. He
would oppose the soldiers bonus.
Frazier, II elected will follow Sen
ator La Toilette on many questions,
lit Is said. He declares President
Harding ought to have seized the
coal mines during the strike, likes
La Follette's plan to prevent the
Supreme Court from declaring un'
constitutional laws Of Congress and
would support soldiers bonus
measure
North Dakota Is normally over
whelmingly Republican. President
Hard ng carried the State by 800,
600. O'Connor has support OF both
the Democratic State committee
and the Anti.League Republican
State committee. He has hut one
dissatisfied group Of anti.Non-Par
tlsans to contend with.
The election fight in the State
RACES chiefly about O'Connor and
Frazier. Governor Nestos does not
expect a stiff fight with the Non
Partisan League candidate, who Il
running as an independent candi
date.
The Non. Partisan League ticket 1:
made up Of ak men victorious In
in the Republican primary and siS
named to run as independents.
The Washington times., 1922-10-30
WE BUY, SELL AND QUOTE
Unlisted Stocks. Bonds. and Securities a
Every Description
CALL. WRITE Oh PHONE MAIN IS.
Riemer & Co. w!:,,,,,s. vs. z 81; \; v:
Notice of Redemption
TO HOLDERS OF VICTORY NOTES. AND
OTHERS CONCERNED:

TO HOLDERS OF VICTORY NOTES. AND
OTHERS CONCERNED:
Notice is Hereby Given ss roliovs:
I. Call for Partial Redemption Of lxes
Victory Notes
All 4%ec Victory Notes. otherwise known ss
United States Of America Gold Notes OF 1922.
1923 which hear the distinguishing letteu A.
r. c. d. Z. or +. prefixed To their serial
numbers having been designed for the purpose
tary OF the Treasury are called for redemptien
on December Is ls22. pursuant 70 the pro
vision for redemption contained IN the notrs
and in Treasury Department circular No lss
dated April 81. 1919. under which the notes
we're originally issued. Interest on al the
I&oc Victory Notes thus called for redemption
will c-ssc said redemption date. December
IS. 1922.
v,-tory Notes n the tkc6 ssriss beaffns the
distinguishing letters @. II. I. J. Il. OF L.
pref, yrd To their serial numbers are not IN any
manner affected ny this call for redemption
and will he due and payable a. 70 principal on
May 90 1873. according 70 their terms.
2 Detailed ir:urmation as N the presentation
and surrender o, A%ec Victory Notes for re-
demption under this call IL given IN Treasury
DspRrtment circular No. 2g9. dated July 20
1929, copies 81 which NAV he obtained from
the Treasury Department Division Of Loans e.
Currency. Washington. D. c.. or any Federal
Reserve Bank
A. W. MELLON.
Secretary of the Treasury
The Washington times., 1922-10-30
Local Stocks. $,$
I sales. M

Capital Traction SIS. 81 a.p009ssH.
$500@9Sk.
Potomac Electric Consolidated SIS.
81 ,OOQ@S5B. $l.OOO9s5x.' $1,000
95B.
Washington Railway and Electric
preferred. 106761a, 10@76h.
Mergenthaler, 10@175. 10@175.
1OQl75, 1OQl75, 1O@175. 10@175h.
109176. 10@176h.
Money-Call loans. sos per cent.
The Washington times., 1922-10-30
Chicago Grain Market.

CHICAGO, Oct. 30.-Wheat start
cd unchanged TO IS cents higher,
corn 4 cents advanced and oats
Il 20 q cents advanced. Trade In
all the pits was moderate; the
strength at Liverpool. where prices
were adlh pence up at o'clock,
led to considerable support. Vol.
ume o. business did not broaden
and prices listed on the turn. July
wheat ruled relatively easy because
of the scattered rainfall over the
western section OF the winter wheat
belt. Hogs a. the yards were slow
and easy. Estimated receipts were
for a moderate run OF cars.
The Washington times., 1922-10-30
Will Demonstrate Ampico.

Z. Fred Colber, widely.known
American pianist. who has recently
been engaged in recording tho
works of the masters on the Ampico
reproducing piano, will be a visitor
in Washington tomorrow. He will
give several informal demonstra.
tions OF how he reproduces musical
selections on the Ampico. at the
store Of Homer L. Kit Company,
1880 G. street northwest.
The Washington times., 1922-10-30
Foreign Exchange.
BY Cosmopolitan News Service.

NEW YORK, Oct. 30.-Sterling,
demand, 4.459s; cables, 4.45Ts.
French francs, demand. .O692% !;
cables, .OG93h Lire. demand, .O392A !;
cables. .O393. Marks. .OOO2as. Bel.
gan francs, demand, .O644; cables,
.O644l5. DraChmas, demand, .021S;
cables. .0220. Swiss francs, demand,
1901; cables, 1903. Guilders, de-
mand. 1901; cables, 1904. Pesetas.
demand, 1924; cables, 1926. Sweden
kronen. demand. .2674; cables, .267S.
Norway. demand, 1901; cables, 1906.
Denmark kronen, demand, .2O1S;
cables, .20l7.
The Washington times., 1922-10-30
Road Wants, Box Cars.
(Furnished by Richmond & CoN

The Chicago Great Western rail.
way today asked the Interstate
Commerce Commission for author.
ity TO issue s906.573 OF 5h per cent
promissory notes. The proceeds are
to be used in paying for 500 box
cars. and the notes are - 10 taken
by the Pullman Company.
The Washington times., 1922-10-30
New York Cotton Market.
Furnished by Redmond { 20

NEW YORK, Oct. 30.-The cotton
market was firm at the opening to.
doy, December sold up 16 at 24.35:
January UP 25 AT 2i.iS; March 2l.3O.
up 81; May 242O, up IS.