davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1922-12-18
q. S. Foreign Trade Hinges
on Credits, Says Hoover
Quotes Grosvenor NJ Jones, Chief of
Finance and Investment Division, on
Change Wrought by War

the ability to export 5 or 10 per
cent Of their output may mean
the difference between a profit
and a loss.
The solution of the problem Of
financing our export trade lies to
q great degree in the purchase
Of foreign securities and in for
eign Investments. Ordinary COM
mercial credits will meet the
need only in part. since what is
required Is long-term financing
that will tide over the period of
now see may last many years.
. BEGUILED BY PROSPERITY.
More harm than good has been
done In talking about Europe's
restoration only in terms of
credit. Europe was treated to a
deluge Of credit from US during
the war. and believing the war
had made us fabulously rich, she
thought that credit would con-
tinue to flow freely from Ameri-
can sources.
l fear We were partly to blame
for this misapprehension, since
we did not discourage Europe
from thinking this could continue.
We ourselves were begufied by
our prosperity. II took the jolt
OF 1920-21 to waken us from this
dream.
We should pursue a sound, we'll
considered. farsighted course of
action. Above all. it must be
clearly recognized that the capt.
tai destroyed or rendered less pro-
ductive by the war can be re-
stored only by the most efficient
employment of existing produc-
tive capital and by the most ef-
fective distribution and ,utiliza-
tion Of the earnings of capital.
In other words, the world needs
not only peace and order bu.
sound economic craftsmanship.
This warning seems pertinent,
since there still Is a tendency TO
resort to temporary expedients
regardless Of their ultimate ef-
fects.
The Washington herald., 1922-12-18
Tells Negroes
To Stay South

Claiming that 100000 negroes
were planning to leave the South
because of failure TO act upon the
anti-lynching laws has caused fear
among them. DIR. Simon p. w. Drew.
pastor Of the Cosmopolitan Baptist
Church and president Of the White
Cross Free Labor Bureau, yesterday
preached a sermon warning his fel-
low men against leaving their
homes.
The North does not provide the
opportunities for negroes that are
provided in the South" he said,
''and the South needs the negro just
as much as the negro needs the
! South
DR.. Drew will preside over a mass
meeting at the Cosmopolitan Church
Wednesday night at s O'Clock, when
an effort will be made to devise
ways and means to stop the exodus
from the South.
The Washington herald., 1922-12-18
Pepper Says Senator
Is Most Unpopular

NEW YORK, Dec. 17.-The pa.
thetic plight OF being a Senator
was the subject of an address de-
livered before the Pennsylvania So
ciety last night by Senator George
w. Pepper.
There is an abyss Of unpopu-
larity, reserved for that august
body, deeper and darker than any
thing set apart for the legal pro
fession." said the Senator. 1T
might be a difficult thing to raise
money by popular subscription to
erect a memorial to deceased
lawyer. But It would be altogeth-
ar impossible to do that thing in
the case of a Senator-unless by
way Of a thanks Offering"
The Washington herald., 1922-12-18
REPORT. REVEALS
LARGER INTEREST
IN FOREIGN FIELD
Julius Klein Says American
Business Mep'Take Increas-
iDgz&ecount Of Alien Trade
ny Universal Service.

Remarkable interest in foreign
markets is reflected by q 400 per
cent increase in inquiries directed
to the Department Of Commerce by
American business establishments
Of all kinds. according to the annual
report OF Director Julius Klein of the
Bureau of Foreign and Domestic
Commerce, made public yesterday.
ANSWERS MANY LETTERS.
The report. covering the fiscal year
ended June 80, points out that nearly
100000 letters, each dealing with a
specific foreign trade problem, were
received and answered by the bureau
during the year. These were in ad-
dition to thousands of letters dealing
only with routine matters.
More than $4,000 manufacturers
and merchants called in person at
the various branch offices of the bu-
reau to discuss export matters.
GETS LARGE ORDERS.
The largest Italian contract award
ed in years, amounting to $4,000, 900,
was obtained for an American firm
through the help Of the branch In
Rome. The Vienna office enabled an
American merchant to land a 81 $780,.
900 order.
Ending his report, DIR. Klein states
that il the bureau Is to carry on and
enlarge its work in the manner die
tated by the economic situation of
the country, it's activities should be
extended to cover the study and pro-
motion of domestic commerce. He
urges that additional experts be ap-
pointed and that the salaries of a
number of positions be Increased,
otherwise the bureau will continue
to lose some of its more valuable
help"
The Washington herald., 1922-12-18
Gasoline Drops 2 Cents
Through New England

NEW YORK. Dec. l1.-Reduc-
ton in the price of gasoline of two
cents gallon in New York and
New England, making the tank
wagon price for gasoline % cents
and naptha 81 cents, went into
effect today.
Advices from Boston announced
that the Texas Company, Gulf Re
filming Company, Standard Oh of
New York and Jenney Manufactur-
ing Company had all reduced tank
wagon prices on gasoline to %
cents a gallon in New England
territory.
The Washington herald., 1922-12-18
Pity for Working
Girls Discounted
By New Champions
Woman Seeks Rights, Not
Sympathy. Declare New
York Physicians.
by Universal Service.

NEW YORK, Dec. 1.-THE poor
downtrodden working girl who in
fiction at least usually marries
the rich mans son. has acquired
a new set of champions. Dr.,Mary
Halton. New York woman physic-
ian, says to the new welfare work
ers:
Do not waste your sympathy
on women workers. II you are
able to prove that long hours
are injurious to women, you can
prove by the same. facts that long
hours are injurious to men.
Women who earn their own iiv-
ing refuse to be crowded out Of
their industrial fields, in order
that they may the more submis-
sively do the domestic drudgery
Of the world. 1t comes down to
that if you legislate minimum
hours and wages for women, and
not men.
Another woman physician as
serted:
Women for years have worked
to get themselves removed from
classification with imbeciles and
idiots. They are row fighting
against measures placing them in
a class with small boys, and
this is really what the welfare
measures. so called, will do
The Washington herald., 1922-12-18
Northwest Turkeys Sent
East for Christmas

MINNEAPOLIS, Dec. I7-Tur'
keys will be cheaper Christmas.
Twenty carloads OF gobblers from
the prairies OF Minnesota and the
Dakotas reached here tonight eu
route east.
fat enough for the Thanksgiving
trade, so that the gobblers of Mary
land, Texas and New England had
the market to themselves.
Wholesale and retail dealers de
MED that turkey prices will he sew
eral cents lower than at Thanks
giving.
The Washington herald., 1922-12-18
BY JOHN GOLDSTROM.
Universal Service.

ITO sustain our foreign trade at
normal levels under present con-
ditions the United States must pro-
vide large-scale credits in the form
Of foreign loans or must invest
heavily In foreign enterprises"
Secretary of Commerce Hoover
yesterday made public this informa-
ton by the chief of his finance
and investment division, Grpsvenor
M. Jones. This view has been
presented to President Harding and
1t is believed that 1t may in the
near future influence the shaping
Of the Governments European pol.
icy with respect to a German loan.
CHANGE DUE TO WAR.
After stating that the United
States must invest abroad the
statement continues: ~
This Is a 'naAral result of our
unique position as a leading
creditor nation and at the same
time one Of the worlds chief
sources OF food products, raw
materials and manufactures.
This country has a large ex.
portable surplus Of, many COM
modities which 1t can offer at
prices sufficiently low to make
their Importation by other coun-
tries inevitable. Some of these
commodities, especially grain and
cotton, are indispensable, to a
number Of countries.
SURPLUS Is KEY.
Likewise the sale Of this sur.
plus abroad is necessary If Amer
lean industries are to be fully
employed and the cost of produc-
tion kept down to proper levels.
There is a tendency TO mini
mize the importance of our ex-
port trade by saying that, on the
whole, II absorbs only a fraction
of our production. 1t is unnec-
essary. however. in any gather
ing of persons engaged in export
ing to emphasize the fact that
The Washington herald., 1922-12-18
Makes $4,000 In Less
Than Minute On Deal

NEW YORK, Dec. IA new
record for quick turnover on
the stock exchange was set up
yesterday when Joe Manning.
credited with being one of the
most alert traders on the exchange.
grasped the speculative possibili-
ties in connection with q twenty
per cent stock dividend by Pan
American Petroleum.
AT the opening Manning was in
the middle of the crowd. biddin 8
so for 1000 shares.
Sold" cried a broker.
Within thirty seconds the bid
price was Sc.
Sold" cried Manning. who in
that half minute had cleaned up
$3o, 1000.
The Washington herald., 1922-12-18
The HERALDS WEEKLY REVIEW OF BUSINESS TRADE DEV
Building
FINANCE
BUSINESS
n 3. @. F0RBEA
Continued from Page -

Continued from Page ~ q
this time these oft-repeated dec
larations appeared to excite
more concern in Government
circles on both sides Of the At
lantic. At
The greatest stir Of all, how
ever, was caused by unmistak-
able indications that President
Harding, Secretary Hughes and
the Cabinet as q whole are ac-
lively figuring upon dropping
Americas do-nothing policy and
coming forward with some def
mite. proposal or plan devised to
arrest devastation.
j. P. Morgan's trip to Wash
tngton for the sole purpose
Of conferring with Secretary
Hughes, coupled with the sum-
mons to Ambassador Harvey to
come to Washington at once,
started or fostered reports that
America contemplates support
ing a huge loan to Germany.
Indeed, these reports have sup
piled the newspapers with their
biggest headlines Of the week.
In the highest financial cir
cles, however, these reports are
discredited.
Nevertheless, the truth is and
always has been that banking in
terests here have foreseen all
along that the time would come
when the Cabinet would be COM
PEELED, by the sheer forces of
circumstances, to project itself,
in some way or other, into the
European mess, not so much in
the way of merrily using a pen
to write smaller figures in our
foreign debt ledgers, but by be-
coming an active participant in
European conferences and per-
haps formulating a concrete plan
for dealing with the whole mud
die in a fundamental way. The
latest events have simply
strengthened this long-enter-
tanned belief.
1t is not without significance
in this relation that, despite the
alarming utterances of Bonar
Law and other European states
men. the principal international
exchanges have advanced very
vigorously.
Sterling exchange went sky
rocketing to S4.69 in one of the
most sensational foreign ex-
change movements ever wit
messed. Although there was a
partial recession, sterling Closed
the week within 5 per cent Of
par.
French francs moved up brisk
ly. Italian exchange, Holland
exchange, Indian exchange, Jap
anese exchange, all reached new
high points for the year.
1f-and this is rather big if
if something tangible be actually
achieved towards setting Eu-
ropes feet on the road to re-
covery and if our own radical
politicians, and our business in
terests who handle prices, act
circumspectly, the whole busi-
ness outlook would warrant gen.
uine optimism.
At this stage, however, it
would be rash to take too much
for granted.
Copyright. 1892. by Il. c. Forbes)
The Washington herald., 1922-12-18
Apology Saves
Bank DepOsitOr
Leak in Account
Receiver Of Check Forged on
Col. J. W. Worthington Gives
Tip by PoIiteness.
It pays to be polite.


So says Col. - w. worthington.
2n5 Third street southeast. whose
checking account at the National
Capitol Bank was leaking until he
received an apology.
The apology stopped the leak.
saved the colonel considerable
amount of money and resulted in
the arrest Of a "trusty'' cook. Mat
thew. Brown, negro, living with the
colonel. Brown Is charged with
seven cases Of forgery totaling
$3.50. He was iield for grand jury
action in default of $4,000 bond
by Judge Hardison.
Brown. according TO Detectives
Wise and Hildrupt of the Fifth
Precinct Station, cashed the first
alleged forged check on September
26. Several more then were cashed
without the knowledge of the
colonel.
Brown. police say> took tt sev-
enth check, written Nor $50. to the
cigar store of L. ]. Redmond.
Fourth street and Pennsylvania
avenue southeast, and received two
$50 bills and the rest in SIS bills.
Several days later, Redmond,
meeting the colonel on the street,
apologized for not being able TO
cash the check with money Of a
larger denomination. This was the
first intimation Of the leak fur
nished the colonel.
The Washington herald., 1922-12-18
STRIKE CRIPPLES SHIPPING.

VERA CRUZ, Dec. l1.-Shipping
still remains crippled tonight as
the result OF a strike OF longshore-
men, which shows no signs of end
ing. American ship lines have been
advised to reduce their shipments
by 25 per cent.
The Washington herald., 1922-12-18
l. c. C.. Orders Hearing
on Joint N. Y. Terminals

Trunk line railroads entering New
York have received orders from
the Interstate Commerce Conmis.
sion to show cause why the
unification of terminal facilities
at the port of New York should not
be put into effect at once.
Twenty-one railroads, including
the Pennsylvania, Lehigh. B. & O..
Erie. Delaware, Lackawanna and
Western, New York. New Haven
and Hartford. Long Island, Phila.
delphia and Reading, and the West
Shore were among those roads
cited.
The Washington herald., 1922-12-18
New York State Budget
May Total S160,O0O,OOO

ALBANY, Dec. 1.-THE new
State budget now being prepared
probably will run between $3.50, ,OOO,-
900 and $4,000, 900, 1t was stated
at the capitol today.
Appropriations requested by the
various State departments have
reached a total of nearly $160, ,OOO,-
900. This Is an increase of ap-
proximately s15,000,O0O over the
required appropriations Of last year
when the total was $145,00O,O00. It
is also an increase of about s27,-
000, 900 over the amount allowed by
the budget makers and approved by
the 1922 legislature.
The Washington herald., 1922-12-18
Trees For Christmas
Plentiful Through East

ALBANY. Dec. 17.-Christmas
trees will be plentiful throughout
the East, according to a statement
Of the department Of farms and
markets tonight.
Trees from Pennsylvania, Maine
and Vermont are plentiful at prices
ranging from 25 cents to $1.75 for
punches Of two to SIX trees each,
1t was stated.
Evening star., 1922-01-03
ELLIS ISLAND TO SEE
GREAT IMPROVEMENTS
Aliens viii Receive Entirely .Dif.
fersnt Welcome on Arrival in
United States in Future.

NEW YORK. January s.-Aliens
seeking admission to the United
States will in future enjoy improved
conditions while waiting at Ellis
Island. Recommendations made by
the advisory committee appointed re-
Gently by w. w. Husband, commits
sioner general Of immigration, have
been adopted and will be put into sf-
feet Immediately.
Welfare work will be carried out
by government and private agencies;
women and children will be given
i'm proved quarters. and immigrants
witt be given larger facilities for
communicating with friends and rel,
atives in this country. Services Will
be held each Sunday by Catholic.
Protestant and Jewish clefgymen, and
if necessary other groups may have
similar advantages
Persons debarred from the countr;;-
wilfs have the disposition of their
cases explained to them and to m
terested friends. Aliens will not IN
future be detained in the Ellis Island
barges, but in comnodious quarters
in the main building there.
Evening star., 1922-01-03
SOVIET LAND PLAN
REFORM IS URGED
Present Indefinite Policy
Causing Decline in
Agriculture.
By the Aksocia ted Press.

Dy tuo hhSOCIAt leu FEeSs.
MOSCOW. December 2s.-The all
soviet congress before closing to-
night adopted a number Of land re-
form plans suggested by N. ossinsky.
commissar for agriculture, who said
the indefinite land policy Of the So
Wet had created distrust and uncer-
tainty among the peasants, contrib
.uting to the decline in agriculture.
NJ Ossinsky said the government
must make clear the fact that the
peasants do not own the land. and
that it must be neutral and not de-
eide whether they should cultivate
the land as communes, as co-opera--
tive organizations or in small hold
ings. He urged, however. the neces-
sity for encouraging the cooperative
prescribing the form of their Coop
GRAFTON.
The minister also urged that the
minorities be permitted to leave the
land communes IL they so desire, but
that after selecting the plan by which
they desire to cooperate they must
continue under that system nine years
in order to insure continuity of cul-
tivation. He expressed the desira-
bility OF permitting short-term leases
and the hiring OF labor under strict
regulations. Financial assistance for
red army men returning to the land
was advised by the minister.
The new central executive commit
tee elected by the congress embraces
all the prominent Moscow leaders and
also representatives Of all the aut6n.
omous republics which hitherto have
not had representation in 1t.
Evening star., 1922-01-03
1000 ENGRAVERS ARE OUT
IN new YORK SHUTDOWN
Seventy Commercial Shops Fail to
Agree With Their Work
men.

NEW YORK, January 3.-Seventy
commercial engraving shops, employing
approximately 1900 men, were closed
here today as a result Of the failure OF
negotiators to reach an agreement end
ing the controversy between the Photo
Engravers' Board of Trade and the
Photo -Engravers' Union. 1t was said
that shops throughout the country EN-.
ploying members Of the union would not
be opened until the dispute was settled.
The shops affected by the trouble are en-
gagged in the advertising, book. circular
and kindred trades.
Matthew Woll. international president
of the union. was expected here today
to take charge of the situation. which
developed as a result Of a disagreement
over a reduction Of wages and a read
justment of working conditions. Photo
engravers employed by newspapers are
not involved in the controversy.
Out In Quaker City.
PHILADELPHIA. January 3.-Ap-
proximately 400 photoengfavefs. EN-
ployed in fourteen local shops. failed to
report for work today, claiming that
they had been locked out. The en-
ployers, on the other hand, declared the
men were on strike because 1t was pro-
posed to put into effect forty eight
hour work week. They had been work.
ing forty-four hours a week.
Evening star., 1922-01-03
SPEED At RECEPTION
RECALLS LlNC0LKS
REHUKE TO VETERAN

Many who attended the New
Year reception at the White House
yesterday had the experience OF
waiting In line for long time ana.
on adrnittance to the blue room,
where President and Mrs. Harding
stood, being pushed along 90 fast
they hardly had time to RECOGNIZES
the President.
The situation recalled to An old
civil war. veteran, whose name ID
withheld by request, the reception
at the White House in 1853. when
President Lincoln was host. This
veteran, tall and angular, waited
many hours for the chance to
shake the hand Of his commerder-
in-chisf, but when the opportunity
came, he was pushed along huf-
riedly by those behind and navsr
had Q chance to catch more than
1 glimpse Of his hero. 30 he got
in line again and waited for hours.
When he reached President Lin.
coin the second time. he was recog-
nised.
There are too many people in
this line for anybody to come
around more than once" he was
cautioned sharply by the President.
And the vetelAM. .cherishes to this
day the rebukes
Evening star., 1922-01-03
GENERAL ELECTION ISSUE.
England Keen1y Awaits Lloyd
Georges Address on Question.

LONDON, January 3.-Great Britain
may hold a general election in Febru-
ary, 1t was asserted here today, after
a week end during which the news
papers discussed the political situation
rather freely. 1t was declared that
Premier Lloyd George favored an
election next month, but was meeting
opposition from an influential group,
headed by Lord Birkenhead. which de-
sires an appeal to the country at a
later date. This group is said to want
the governments plan for reforming
the house Of lords to take definite
shape before an election is held.
The coalition libsi ais will meet here
in convention on January 81, and Mr.
Lloyd George will On that occasion
sneak on the situation. Keen inter-
est in his address is already evidenced
In London. ~
Evening star., 1922-01-03
MUSIC ENDS FIGHT.
Dry Agent Attacked by Hotel
Guests in Springfield, Mass.

SPRINGFIELD. Mass, January s.
A federal prohibition agent attacked
by hotel guests, unaware Of his iden-
tity, was saved from personal injury
when the orchestra OF the Highland
Hotel played The Star Spansled
Banner Saturday night and the hote
steward. r. G. Jahrelins, switched on
an illuminated nag. Two raiding Of
ficers entered the hotel and while one
was producing credentials the othei
entered the dining room and began t.
settle drinks on the tables.
The latter's action was resented BY
guests and q rough and tumble flgh,
was in progress when the steward
entered and ordered the national an.
them played. at the same time switch
ing the lights on the flag. The music
brought the guests to their feet ant
ended the fight.
Evening star., 1922-01-03
GEN. WOOD CoNFERs
WITH IG0RROTE CHIEFS
Declare They Desire to Be Gov
erned by American Instead
Of Filipino.

BAGUIo, P. l., January 9.-0ov.
Gen. Wood, who IL spending the hol-
idays here, conferred today with the
Igorrots presidents of councils and
the leading men Of the subprovince
of Benguet. All of the Igorrote pres-
idents told the governor Renesal In
response to his question, that they
desire an American governor instead
of a Filipino for the mountain prov
inces. Of which Benguet u 2 sub
paying taxes, but desire the money
to be expended In the locality where
collected instead OF in other sub.
provinces, as they alleged Is being
done.
The governor was host at q barbe-
cue for the Igorrote chiefs. Liberal
quantities Of roast pig ana caribou
meat were served.
The governor also attended a horse
show, Mt which the natives exhibited
their best stock. Miss Louise Wood,
the governors daughter, acted as
Judge and distributed prizes.