davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-03-26
I. :. on Comn,iss;o.

In ge...na down % s,...
r,eparatione Mr Bargc.O Ots.' ., aee
United Sta-os should .oe's ne.
part or 'a> Repsrst',psy pay ar q
IN. mere asro been hints 'I5 f9o,, o'9na n.
Pres.dent Hsrdjny m;aAlp MOI pas' week
- D.. oa2le ! ton rom ''9. ~ 's a.
IT, -. % -' RHpast.onn, ,@s ne. t'
discuss the Allied da.. 'afac' T
70 ssT. rs The Br.ti.s w..
7aVs sugse t.d. .aat -. ss0a'ea''
.l..... aace -. -oe.r Claims on Gsrr,,- ,',.,,. p
@l'eh' tae" 'ae United SAT-. =
400, "a I'D eaeese .. %
NJ about chalk md es,t. Voc
tna- 70 the extens +bs. - a..
3 ates educe i.s 80. ,'
mar Aires r rsd9..
haoH ar- eraons.arcss n.
e' tlst cs-caIs,.or rori.
because ro4 tend
credit. without va.ca acn..
would oa Thrown 0acs "a
caao.-.oH Id winch -5av
around aid a. herbs n.
,nlne 1-se for ban .s,.
of ag rho Allied ds~
1red States Treasgrv ~
Heaa arl oa he Other n ~.
rIeE ~ tae sane coua.rIe.
en- 7sstors. Until reDsr.,,...
settled oH . definite w6rksb.. /.
% te~a o. Darg deferred br
o. aasa.ft adjustments IL. IL,
aaJ-.- Nr Baruc5 -h.ass TIA. =,
terrs-oaa. .oaa 70 Ge-ms,g w..
inpo5s 7ie since o-der, vori.
care 70 risk funds without b..
7ast other claims would be og.-
n agsi0s- the debtor
New-York tribune., 1922-03-26

fluctuations have done more {,
settle me six business than a.y
cause. n otaer words, eliminate
6ucketshoD dealings on the IsF,
Bourse and tha market vii q.
itself % is natural level. An Eyc.l
IN Yokohama for the making Of B.
sales and purchases is no dog6. sz
tai. but steps should De tsssl :
dlately 70 make raw six sap:
modify instead Of football
Declining markets. for tn,
beng. msv bring nearer The p.
days To come. Present discoz.w'
the cost Of regain;ng les. r:
Progress has been made IN ass'r
wages. A painful operation .lii
wholesome I'm the extreme, n
necessary Tor the restoration Of
sustaining ,-fo-0r.
New-York tribune., 1922-03-26
Farmers Spirits Are Rising
Growing Checrfuness Is Noted, Due to The Belief
That Higher Commodity Prices
Have Come 10 STAY

amount of corn sent abroad more i'm
TACT, than IN amy twelve months in the
past twenty years. Much of it went to
Russia AZ food for the starving mil
mons in that distressed country; but
the rest Of Europe apparently took il
as iced TO" IlVcstoc't whose depleted
numbers they are endcavoring to re
store, and for which there is no food
like corn. MANY years ago there was
a sustained effort on the part of corn
growers to teach Europeans that they
were missing something when they did
not eat corn IN all its infinite varieties
OF food preparations. But it was no
use. We led them to the through. but
they would not drink, and went ON
eating rye bread and pretending that
they liked it,
Europe has always drawn on US for
rood and this situation is accentuated
even more than in prewar times be-
cause Of the Elimination Of Russia for
so long period. We seem to forget
IN al ltheSe calculations Of rchabil-
tated Europe that such an event will
WORK both ways. If it means larger
purchases o. our goods in some lines.
IL means an even hcrcer competition In
otner lines and consequent falling of
IN some kinds Of exports. What we
seem gradually drifting to and this
uLHl win become moro apparent i'm q
short time, il TO find greater markets
elsewhere. especially in South Amec-
lea and Asia, particularly for fab
1cated materials. 1t requires only a
causal glance ateNport figures TO note
how our previous contact with Cuba.
HaWal and the Philippines has proved
an anchor cast to Windward. just as
Eng iand's strength in her export trade
lies in the loyalty Of her colonies
The story Of canned goods in f,uitg
and vegetables. illustrates he course
Of what each line may expect accord
nG as it adjusts itself in accord with
prevailing conditions There were huge
stocks carried over into 1921 which had
to be disposed Of at reduced figures
lnen there were smaller yields of both
FRUITS and vegetables in 1921 than in
the previous year. 50 stocks are now
below normal for this season of the
year. Tne consequent outlook is for
larger production of fruits and veg
etabIes this year than last. There prob
ably Will be a large volume of business
IN these commodities during the com
ing months. Also in fruits, since the
severe and widespread freezes we had
last spring do not often occur two
wears in succession
New-York tribune., 1922-03-26

Frazer, Of y Il K {, X. Essle aS
has report on staple broad S-A
said:
"Anotber factor initiating %
profitable silk manufacturing 10
the ease with whIch irresponse%
Of little experience and less e.
can engage ir the business.
both for machinery and toT ... x
telial IS TOO cheap. Inc esis.
self-intereSt OF the raw SIX Gear ., /
the machinery producer shouia = 4:
them 70 see inst stability Of 'i.-
does not came through reckless y. !.
discriminate competition pO1 -. -.
the fostering OF The legitnlsN -, -,
in business. Concerns Of rms S-i 4
Ter exercise \ very pIeludica, ( !.
on our whole industry taroasa
failure 10 comprehend and pa. ~ T,
feet fundamental laws that ~ i, h
tal to tine upbuilding Of any p''-
business. .,k,.
Overhead. depreciation, B.,,' -,
costs. are all ignored. ineF y, +,
originality themselves nor DO 'aa \
chase any: cloth is brought e
reputable manufacturer ta'',ii -.
expenditure Of much time {.
energy and money; i me- me-.
favor. is copied and Is lmls ..,,,,
best it can re by these iffs's ,.., !, !
ysctors ana sold NJ price thls Z
all Is said and done, $ m Asss ss b
its intrinsic worth but TnTs l.ss
tendency 20 bring to its ries r..s,., :
s9.tir7s Ibat il SO poorly imltah i.,
rs there not in cur lnauSs' as,t, /
great tendency 70 coneea.,s'v vi
the production OF 3 IsVoi's st,H'
Should not manufacturers 81 ii ii
evolve distinctive. iudlyidusi i.Ts
thar by their very Wolta as ID
themselves TO the oayinSS s.S,i,.
Fashion does not create isp'f + b
is done by the manufactures. a.ssy,
CERTAIN ones as again'. :. ~ 81 b
women in their desire 70 upS ~. ssgi
o. beauty do NJ: all vs1t y sect
aetlv the sa~s thing Il o,irs a dI
desire is in e--1ttly tne ppL,'vo,ild e
ton. and il manufacturers NV bri4
more in personal way 70 eoal.
different types of fabrics 80 ssi'
the tendency which is now s.Sr,s h Is
r1nning in favor of one is0''
verted into that Of msny .,.r, as
discernible drift tos,,' towSra fed,
ton in the manufacturing 10 p ii
would give greater potenlV5o aver ~
mower and greater control y ~, the .,
rresponsible elements in bola aids.
Featuring and distributing nnntirslg
we'll known that there sis.r;butips arr
many nan concerns in the d. dlstfips ~ are ri
Of the six business. They sy men n 4
a great many instances .psp ~ less
lille i experience, and even .s he inde
;tsI. tai. who We're attracted 70 g sp smonsy
6y the case with wllsn aS & 1918.
New-York tribune., 1922-03-26
ii0N BE u ShOrt0ge

10 his opinion there js poss biI Y
Of n shortage Of goods after this set
.ioioent has bNeu made and tuc or
gauzng ability of Germany ~ s"t
free again 10 d~ve,op Russia and other
Eastern European countries. lie
uise he discounts the argument that
the payment Of interest and prircfpai
on their war debt 10 the United State
by t0e Allies viii mean over7-ncl Inning
the United state Nth foreign goods,
coutendjng thai in reFiung economic
world the con assumption power - Ike 3.
10 be almost unlimited
At any rate he would not. Ike gone
international bankers. cancel tae 3
ed debt to the United States Tres
TRY at present, bat would vat before
considering II untfi the question Of
repar~tions has been finally adjusted
and the economic benefits Of that 10
clsion have begun to manifest them
eelves. With the productive power Of
the world restored and people returned
TO work I'm wnelmjng numbers. Nh
Baruch sees heightened ability 20
pay.
To the argument tnst the advances
by inc United States Treasury 70 tne
Allies during ire time thst the United
States participated .n tne var were
really lighting dollars which helped
the armed conflict. and which. tnere-
foro, America ought 10 contribute
without thought Of returu M Baruca
rctorte that perhaps there Is some
merit IN this argument, but # tie A
les should be credited with ina part
Of the expenditures which vent direct
~ toward winning the war. they ought
New-York tribune., 1922-03-26
lbiHiy TO Pay

Reparations. he believes. cannot
longer be looked upon as means OF
moral retribution. because if GERMANY
dlled the proverblal bottomless pit she
could not. in Mr., Barucn's opinion. pay
for the suffering that she has brought
upon the world. OF necessity LIE
question must be centred on Germanys
ability to pay.
The muddled thinking, Mr.. Baruch
contends, st;sted at the Peace Confer
cnce at Versailles back in 1919 The
French are at present criticized as the
main obstacle to workable solution.
New-York tribune., 1922-03-26

in his new book, "Rcvision Of the
Treaty. Keynes estimates chat So
100000 gold marks (the gold mark is
worth 1913 cents) can be paid, whereas
in his more pessimjstic "Economic Con
sequences of Peace he conceived the
possibility OF economic disaster and
seemed by no means convinced thai
New-York tribune., 1922-03-26
Hupp Motor Earns Sl.5Q Share

Inc Hupp Motor Car Company rc.
ported net profit tor the year ended
fuoo DsGemoer n1o 81 after Federal taxes, Of
@o9o 2fo, equivalent, after allowing for
preferred dividends, to sl,59 fharo
earned on the S5,192,lOO Of outstand;nr,
common stock. Gross profits totaleG !
%ii'o20,27S. while the surplus, after ali
dividends, amounted to $304,S34.
New-York tribune., 1922-03-26
Demand DereEoDs

Early IN November an increased de
mand for broad silks DEVELOPED and
m&nutacturers, anticipating good
sprung season, commenced TO take on
SuppIes and prepared to mount more
looms All through December and until
lhe middle OF January prices continued
10 advance, daily cable from Japan re
hecting scarcity of desirable grades.
AT the close of the year VII raw
silk markets were strong and the trend
"as upward. Early in January, how
ever, business in New ork became ver-
quiet sales were few and far be
tween and buyers Of merchandise
reused TO pay any advance on last
lea SON About the middle Of January
cables were sent TO Japan that the
Amerlean manufacturers were going
TO ooycott Japanese silks. which threw
SPECTATORS into semi~panic. They
uAloaded their holdings on the Bourse
IN Such Quantities that it became
necessary TO close the Exchange. The
open market in Yokohama was like
wise sfected.
Referring to the Japanese Boursc.
IN the opinion of some OF the best
mlnds IN the silk business. strenuous
steps should be taken TO eliminate
speculation. The unit on the Japanese
bourse at the present time is one
eehth OF bale, whereas the minimum
nNed by the New York Cotton Ex-
cosnge Is 100 bales. These violent
New-York tribune., 1922-03-26
Y. 5. Should Have Represe,
ton on Allied indemnify e.
mission, He Believes

nomic freedom to Germany snd permit
her to work out the details Of method
and time Of payment, within reasona Die
restrictions He thinks that the plan
Of having a receivership for Germany
is foolish. pointing ont the djficultjes
of enforcing the Volstead Act at home
against the will Of large section o'
the population He thinks that the
Allies viii get nowhere until they MAKE
4 settlement which the public opinion
Of the World thinks emjnently far and
to which Germany wiil assent.
Hc contends that it is foolish 10 tear
that Germany viii food the market
Of he world with goods ia making
reparatjou payments He asks how
people can predict now ~nat the de-
maud for goods wjl be- after '1e eor"s
nr fne Iear are nnaIed
New-York tribune., 1922-03-26
Urges That Economic Facts Re.
place Political ENpedients as
Settlement Basis
By Merryle Stanley Rukeyser

DERNARD NJ BARUCH graduate
hementy the employment workable business
non;e facts instead o. political eNpedient the solution
EuIope's riddles.
With great sweep man sdyo
Gates cSchewig politics settling the pulling questions
and inter Allied debts Having
delegates Paris among Americans
singu!srly familiar with the details Of the problems.
New-York tribune., 1922-03-26
~ o"fd Deio, teton

Iuoeed. II has been suggested and
~ rithout some Logic. that If 2 rec
eesocitT agreement had been roauo dc
pTe - thc government. advances
SoU!o have been delayed ur,l after
- ENACTMENT O. t'e permanent tariff
ol4. O. the United States. For the Ca
asd'ar application Cor rAcip~ocitv ,oay
orontp revision Of that bill 10 protect
agriculture interest, in the United
states aTs4rsr possible Canadian com
petition BY JsstrictinG close'r the ar
'horitT OF ne President 10 neootj.te
&ny Spch treaties. Aeragrian repre-
SertstiVes in the Canadian Parlia,1ert
already hs~c e~pressed This tear and
nave cuNclzed the government <oY not
7rAlt,ne until after the Co8g1e sion8i
election before proposing reciproca.
rsrif CONCESSIONS
Al explanation o. the government
ataer uns pected move probably can
1e found iE the neculiar r0'it;laI stu
eslon. Even with It's solid Quebec"
following. the Libera' pay ,ac%s sn
actual majo1't- "a 16e Cs.aGien Par
iameA.. On MAN. issues tl;ele are
fdndsWe a diTercaccs cf Onion
within that partr On rsilwav and
tariff pole aad several other great
sete.s upon ah.ch the nev govern
fF4Ss-s +.tA> III ti. Dc ClT':U TT o
'ine up the Liberal rcp~esAatatioes on
lrty~-.--. est:ona6ly
the uev- Premier fcs2e I'd Quebec dom
nation" Of soYernme7t policies. From
such situation IN. King sought 10 es-
osps b. working arran cement WITH
the ncorress:yes. or sgra orian, group.
Bat ~ making \ bold b - Cor such sup-
"-i. Re aroused Ei-ter ooosition within
5 OF psrty 2tatcrr4nts a. those
'2ost d:r"ctIv concerned direr a. 20
what actually was proposed. hut
'@hether the pss was to organize a
coalition government o. only 70 give
% the progressives rep~eserr4t:on in
/ Liberia cabinet. if fsi.cd. The intrs-
,arty difficulties Of NJ: King were in
.rexscd but the Premier at least sue
eeded in securing an undertaking that
he progressives led BY Hon. 7. A
1rerar, while maintaining their identi
y and polticsl Independence. would
New-York tribune., 1922-03-26

10 70 be On the ooeber hand ,...
= - a. s'es =. oogernment 10 ~. ~ i'e n. 4.
aoe.r peoples and coI9oi,.s. ,ts 5lbs
ar i'' such strictly miI,tsau' ts au't
's.'' PoH'og troops and ao.ly .os5y ps
app n france and .fE RE 70
sneed 10 the Allies .,'9' did ~. do.I'.
on VA puf9oses. sItba,..ol 10y 20 :.
aId some of thai a5,...ga Nos
brtaio. for eeampie. o,s, s.eed
e.,Se SILVER for pm@r. a'sd :. /.
peg sterling At Eor 70 Ir-
New-York tribune., 1922-03-26

TIE discussion Began whcn Mr
Bsruch WAS asked What he thougot OF
he latest move Of the Reparations
commission a Par.s, which offered
Gern1any = morstor,um or the coad;-
ton that tac Allies he permitted to
run Germsny's finances during the
perlod Of tho financial breathing spell
This marks the final step in an
effort TO settle the question o. r-para-
ions or political instead Of economic
grounds. IN my opinion" Nv B&ruch
aid We ARE drawing jneyitao y
nearer the time when W. shall hs
Q treat repsrstions a business prob
en- and not as question 20 be settled
oeftly BY the edicts Of politicians
New-York tribune., 1922-03-26


in accordance with the program of the
progressives Themselves.
Foror Reciprocity
The political platform Of the Pro.
gressives and that of the Liberals both
contained proreciprocity planks. and
the Premier, faced with the necessity
Of strengthening the decidedly unsub-
party and the Progrez zsives, was obliged
10 give to the latter some definite proof
Of the Liberals good faith Rightly
or wrongly, it is believed by many
that the recent advances to Washing
ton we're made as direct result of
this situation.
Certainly Mr. Fielding still believes
that reciprocitY with the United States
on some such basis as was proposed in
1871 would be advantageous to Canada
Mr. King and some Ministers in his
government may hold similar views. 1t
IS appareRt' however, that if any CON
siderable measure OF reciprocity
seemed likely TO be effected. there
would oe protests from Liberal sup
porterS. The only eplanation Of the
shehca OF antl-leCIprocity Liberals
seems TO be that they were convinced
that the bid Cor reciprocity would not
be entertained at Washington, but that
II ndght be Of strategic value to the
government in negotiating with the
ciprocity "Progressives."
Now the King government can tell
the aglarian voters that it did its Ut
most TO secure revival Of the agree
ment OF 1911, 1t can place upon the
Conservative opposition the full bur
den Of responsibility for rejection Of
reciprocity when offered and for the
governments inability under present
conditions to effect any arrangements
which world open the United States
markets to Canadian products.
The merits OF dement's Of the agree
ment Of 1911 have been under almo ST
continuous discussion in the Dominion
since the terms OF the proposal first
were made public 1t has been assert
ed that the agrarian political move
ment. which has made such rapid prog
"ess in tha Dominior ard has given to
5he farmers the balance Of power in
he Dominion Parliament. as we'll as
partial on complete control Of three
provincial legislatures, is direct out
come Of the defeSt by Eastern inter
eStS OF the rcciDrocijy r,art
New-York tribune., 1922-03-26
StrGiniIlg nf q Leash

The United States should, in NY
opinion. be represented on the Repars
tons Commission and should help to
decide how much Germany can pay 1t
IS futile to seek to Judge Germany 5
capacity to pay BY her record during
the last three wears Of restricted pro
ductiOn. Nearly all Europe has been
Dragging along on q transformation
bssis. In fact, the world it straining
al leash, anxious TO get into great
neriod Of productions The settlement
Of the repsrations question on 4 Just
basis which would hav. behind it the
sanction of Worldwide public opinion.
would free the world for perhaps an
unprecedented period Of production OF
useful things. We ought to enyisage
New-York tribune., 1922-03-26
SIX Industry Nopr Suffering
From Relapse of Depressil
But Many Believe Manufacturers Are Acquirr,
Control That Will Make for Future Sta.
bilization in the Trade

IRST TO fee the depression following the war and poa m
BOOM rs to show recovery from depths Of that o,y
the SILK manufacturing industry in America is now passing
secondary depression According in the Industry copds
no" are as bad as they in 1920 Others however assert that
Snu1acurefs no" have more control ultimately
gam still further viii mean sabzaton Of no %
such as has not been known since is inception
New-York tribune., 1922-03-26

Since the United States decided to
remain outside the rough and tumble
Of European adjustments and 10 be un-
represented on the RcparatIone Com
New-York tribune., 1922-03-26
Reciprocity Reuiued as q Lice
Question IN Canadian Politics
Opposition, However, Among Manufacturing and
Allied Interests Is Much Better Organized
Than 1t Was in 1911

NY reciprocity agreement with the United would be
~ strongly in Canada to-day the Knodg
of 1911. Although Canadians feel keeny the
markets by certain that reciprocity
cpaI issue Dominion election verdict
New-York tribune., 1922-03-26


Without impugning the sincerity Of
Mr.. Fielding Csnada's Minister Of Fl
nance. whose latest pilgrimage" TO
Washington has added another brief
chapter TO the history of commercial
Negotiations between the two countries,
It may be said that few people in Can
ada seriously expected trade agree
ment to result. The Right Hon Arthur
Melghen. former Prime Minister and
now leader of the Conservative rem
rant which forms the Official oppoei-
uon in the new Parliament, has indi-
Gated that the Conservative party is
prepared at any time to accept chaI-
ienge on the reciprocity issue. Many
influential Liberals would support such
opposition. Mr.. Meighen mas declared
mat the governments expressed deei ire
for "freer trade relations was onlv an
parent, and that toward such objective
the Administration had made "a mere
gesture. knowing full well the futIlitv. Sc
He expressed his conviction that "a
trade treaty with the United States
such as that Of 1911 can lead TO no
good for this dominion. It would con
'r'oute TO the commercial domination
1of the country"
lhe business Community in Can
"u", i"c'uoiu2 powerful transportation.
hsHNlng and manufacturing interests.
iegaroiess Of party affiliations or pref
orehces' opposed reciprocity in 1911
SHo has given no evidence Of repent
Ancc The new government. Of which
J.. Mackenzie King IS the titular
ne&a, las the support Of influential in
olStrla- leaders and business groups,
1Nd thcer IS reason 20 believe that th.y
we're satisfied that no embarra,ejne.
E1tuation would arise before Mr.. Field
.ns Tas allowed to visit the United
states capita! on Al avoved quest fo1.
4 tcCIproc!t.- arrannAnnent
New-York tribune., 1922-03-26

'''Ae t"e Cottoh ana WOO en- INDUS
tres, the silk trade here is entirely de-
pendent upon foreign sources for rs
raw material Raw silk is not nro-
duced except By wal Of small experi-
ment II the United. It is not produced
10 any extent anywhere on the West
ern Hemlsp sphere. 1t is an Oriental
product subject 10 Oriental control
and Oriental speculation.
SO alarming have become the specu-
i&tlVe features of the raw silk industry.
that the SILK Association OF America
a. It's annual meeting Of the board of
managers last week, formally called
upon the raw silk interests in japan.
the chlet source o. supply. TO investi-
gate and remedy. if possible the condi-
IONS now obtaining on the Yokohama
boErse and IN the raw six industry
there IN general
Inc conditions that led up 10 this
action are fully covered in the reports
submitted by the chairman of the va
nous divisions in the trade
KeYleWlng the raw hjlk trade Tor
l92l and the carly months o. the cur-
rent wear Paul A. Salembier. OF salem
ole~ ( Nillate, said:
ne opening of the raw silk market
Tor l92l indicated a gradual recovery
~ business. there being a noticeab bic
ondercurrent OF confidence and on+i-
hISm. The year, however. was one full
oi nope and Yet one of anxiety. due 70
the tact that prices fluctuated consid-
tfaoiT. Speculation and manipulation
curing TINS period did much TO unsettl4
confidence. The operation of the Japa-
nese e syndicate, which in the fall o.
l92o and spring Of 1921 purchased q
\aFlous times R total ot - 1000 bales
Kept IN check the price Of raws. a. the
same time, however. causing the entire
SIX industry no little apprehension as
theY were constantly in fear OF these
HoVelnment or syndicsted stocks be
lsg lquidated suddenly. with pos
slolIlty Of 4 violent decline in prices
E8riy N the year az Improvement
IA demand for broad silks was noted
Durng the summer months and early
TAU manufacturers were able TO keen
IN operation only about 40 per cent
OF their looms and even with this cur
t"lIment stocks of manufactured goods
began TO accumulate. 1t was imDos-
sible TO book future business at re
Placement cost and sales for spot de-
uVety were made on the basis Of
prices approximately one dollar per
pound below the market value Of raw.