davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
RAILROAD HEADS UNM0vED
BY THREATS OF STRIKES
Executives stlll Confident Walkout
viii Not Take Place

Atlantic city, June 2O.-"Our rail.
roads, in the truest and best sense.
are owned by the people, both
through the wide dissemination OF
their stocks and bonds in the hands of
individual holders and through that still
broader distribution of ownership
brought about by the widespread hold.
ing Of these securities on the part Of
the great fiduciary institutions of the
people-notably the banks. saving
funds and insurance companies-in
whose welfare and safety practically
every citizen is directly or indirectly
interested
This statement was made yesterday
by Elisha Lee, of New York, vice presi-
dent Eastern region Pennsylvania Sys-
TEN, in an address before the Purchases
and Stores Division Of the American
Railway Association convention. at
tended by several thousand delegates.
Mr.. Lee said the G per cent dividend
on Pennsylvania Railroad stock would
be restored as soon as possible.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
.AvIAT0RS FIND FLYING
EASIER SOUTH OF EQUATOR
Portuguese Alrmsn say Wind Cur.
rents Are Steadler

Rio dc Janeiro, June 2O.-Air naviga.
ton Is more practicable south of the
equator than north Of 1t, on account
Of the steadier winds prevailing in the
southern half Of the globe, in the opin-
ion Of Captain Sacadura. the Portu.
guese navigator, who with Captain
Coutinho has just completed a trans
Atlantic fight from Portugal to Rio
Janeiro.
Telling Of his fight to the CORE.
spondent of the Correio de Mania. the
aviator declared the most difficult
stretch Of the ocean voyage was between
Lisbon and the Canary Islands. The
east coast Of Brazil. he found, offered
TIE worlds best air md water condi.
tions, as there were many harbors be.
hind the reefs and river mouths.
The flight, on which new air methods
were practiccd. had been productive of
practical results, Captain Sncadura
added. and the observations which he
and Captain COutinho made are to be
published later. He believed the only
things that limited air navigation was
the weakness of airplanes.
The aviators took the opportunity TO
send greetings to the Portuguese. colo.
nies in the United States. They intend
to remain in Brazil for six weeks.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
KU KlUX KLAN THREATENS
PROHIBITION DIRECTOR
Letter Sent to Davis Warns Him to
Quit In Ten Days

A letter to John T. Davis, State pro.
hibition director. which stated that
unless he resigns within the next ten
days he will be "tarred and feathered," I"
and signed by Ku Klux Klan. caused
no little commotion in the Office Of
the director. Mr.. Davis, however, re-.
mained unperturbed.
The letter was received by the d..
rector yesterday morning and was sent
from the Central POstOfficc. 1t was
written ON a small piece of white paper
in red ink. The writing was almost
illegible. A copy of the letter letter folloys e'S $;
that unless you quit your job within
the next ten days we are going to tar
and feather you.
"By order of the Ku Klux Klan.
president.
Director Davis remained in his Office
all day calmly attending to his duties.
II do not think anything about 1t,
he said; this Is the third letter of its
kind l have received since l have been
in Office
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
GOSSIP OF
TIE STREET

With every one pointing out easy
money a. the most powerful bullish
factor In the current speculation, u
would seem strange, IL not OUT ..
place, to assert that the money market
might be responsible for an extenslvc
liquidating movement in the stock mar
ket. Almost ali Of the leading banking
interests show no hesitancy In express.
ing the view Of the market having
,reached dangerous position because OF
the reckless operations Of the bullish
following.
Attention was called yesterday, to the
menace Of tho seriously extended loans
Of brokers, which it was figured were
approximately close to the two billion
dollar mark, thereby passing the peak
reached in 1919. Much of this money
It was stated, came from out OF town.
From the West, Northwest and even
from the South. in fact, from nearly
every section of the country, much OF
this out. Of town funds, 1t was stated;
was being placed temporarily in New
York and might be withdrawn almost
any day.
A sudden calling of loans, It was fur
ther stated. might place some OF the
managers of the bull movement IN a
very embarrassing position, as. NOT.
withstandine the plethora Of funds, the
New York banks alone would not be IN
a position to supply the requirements
of the active market interests. SO far
the out of town institutions have
shown no inclination to call in their
money, but this is one of the danger
points many have overlooked, and pos.
sibly accounts for the caution advised
by many prominent commission houses.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
A Ono. Ring Circus

Yesterdays pyrotechnics in Mexican
Petroleum practically made the market
a one ring circus. That stock was the
bareback rider, the contortionist. the
clown and the ringmaster, while the
general list occupied the position OF the
audience. Driving the stock up nearly
seventeen points on top Of, the fifteen
points scored on Friday and Saturday
made life very miserable for the out.
standing short interest, but it also left
a very unpleasant odor behind 1t and is
likely to bring a fresh lot of criticism
down upon the heads Of the Stock Ex.
change officials.
The stock is generally known to be
very closely held and, Of course, those
playing with 1t had the knowledge
they were dealing with something
more dangerous than dynamite. If a
crowd of men can unceremoniously jack
up stock over thirty points within
three days, that stock Is surely not en-
titled to have trading privileges, because
It entirely loses all Investment coloring
and becomes simply a speculative foot.
ball.
Such performances will not help the
cause of respectability of the Stock Ex-
change. but will, on the other han1, give
an undisputable argument for Govern
ment control or supervision in some
form or another.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
Looks Like q Corner

There are many In the Wall Street
district who were confident that cor
ner had been sprung In Mexican Petro-
leum last week. when the floating sup
ply of that stock was suddenly bought
up and an upward movement started
so violent as to indicate suddenly de-
velOped squeeze Of bear traders. For
long time past the Street has been
flooded at intervals with reports at
tacking the producing powers OF the
company and many reasons were found
by those committed to the short side
OF the market in their speculative ven-
lures for selling this stock.
Its lowest price for, recent times was
s4H. on August % last year. but since
then 1t has had many violent advances,
all OF them, however, eclipsed by the
manner in which the stock moved up
yesterday. Those who had sold the
stock on Friday and Saturday, and
were called on to deliver it, paid one
sixteenth premium for its use for that
purpose, but this premium was only an
Incident in connection with the turning
of the screws by those in control Of the
market. The stock started up with a
rush at the opening, and by 2 o'clock
sold at 1891. a gain of over II points,
and almost doubled tho price at which
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
LITTLE: Hope SEEM
Of ENDING STRIKE
Anthracite Trouble viii continu1
: Unless Mine Workers Abandon
Position, Says G. z. Huber Y
UMPIRE IS NOT coNslDERsu'

Wilkes. Barre, June 2O.-The st,,lsl
Of 1855 900 anthracite mine workers Win
last Just as long as the men are viii"
ing to adhere to the uhtenable positia.
which their leaders have assumed y ~
~ Huber, president Of the Lehieh asi
Wilkes Barre Coal Company, one -
the advisory operators and head Of on
Of the biggest Of the anthracite indna'
tries. made that statement yesterdsv
"We have been confroned with n.
impossible situation in our negotis.
tions with the mine workers." M.
Huber said. "Not only did they s., -
mand a further increase over presese.
inflated war time wages, but they rs.
fused to consider. or even discuss. ON,
proposal Of May 1 for revision down.
ward.
"Since 1920 there has been sradus,'
authorities fix at approximately "a ns,'
cent. The mine workers gave no resard
to the economic situation at thAs,
Shamokin convention. There Is nothins
constructive in a policy Of that kinS'
The leadership that advocates IL IN
little regard for the industry or thss
public It serves. @
1.-THE only solution to q settlement a,
the controversy lies In arbitration. This
we offered in its broadest and most us.
restricted terms. The answer was thai
arbitration could not be considereS
unless wages would be. subject to read..
justment in one direction only--upward.
'As far as the operators are con.
cerned, they are unit in that the an.
thracite industry must participate 4
the readjustment of wages and price,
which is going on in every other IL.
dustry." .a,.' sa' M
Hazleton, Pa, June 20. A sus.
gestion that DR.. Charles p. Neill. ~
Washington, umpire of the Anthracite
Cancellation Board, act as arbitrator
in the deadlock between operators
and miners has not been considered a
any meetings of the Scale COMMITTEES.
It was stated at headquarters Of tho
United Mine Workers here yesterday.
1.-The mine workers are opposed Il
arbitration in any form, especially
when such arbitration was to take up
and consider wage reductions
statement from the district Offices do.
Clared. .,s. 4. .. .F5
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
NEW YORK BONDS

Columbia q 4
Elec 1Ot
2..... cav
Columbia q q
u LIST sta
6.t... 04b
Con'd Coal Co
OF Md 8
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
Gulf States Steel

Gulf States Steel was one of the
few of the steel group able to join the
fast company in yesterdays market.
According to Street gossip, the strength
of the stock was based on improved
earnings for the second quarter.
The company was one of the few
steel concerns to- show some profit after
fixed charges in the first quarter, when
net earnings after taxes. depreciation
and other charges were $50, equal,
after preferred dividends, to about forty
cents share on the common. 1t Is
understood improvement will be shown
in the second quarter and 1t is es-
timatcd the minimum will be equal,
after preferred dividends, to an an
nual rate Of about 6 on the common.
The company is operating its blast
furnace, three of the five open hearths
and finishing mills, the latter practi- =
cally at capacity. Shipments have
been good, and it is expected they also
will improve after freight rate re.
ductiOns July I.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
WORLD SOCIALISTS ACTIVE
Propose to Send Mission to Reach
Understanding With Americans

London, June 20.-A resolution was
adopted yesterday by the conference of
national organizations affiliated with
the Second Internationalc inviting the
Vienna Union to cooperate with the
Second Internationale in summoning n
general conference Of Socialist and
Labor Parties to meet in Hamburg the
first week of October.
NJ. Roster, France, proposed sending
delegation to the United States to
get in touch with American Socialists,
with a view to creating better UNDER
standing of European problems.
Berne, June 20.-An international
conference hns been called for Septem.
Der 16 by the International Union of
Socialist Parties. The conference will
be held at Carlsbad, Germany.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
MISCELLANEOUS
German Bank Statement

Berlin. June 2O--The statement Of the
Imperial Hank Of Germany az Of Tune is
shows the following changes In marks: Total
coin and bullion Increased 240, 900; gold In
crea sed 900, 900; treasury and loan associa-
tion notes Increased 3.lSl, 726. 900: notes OF
other banks Increased 2.337. 900: bills of
exchange and cheqre inCrea sed 435, ,384. 900 :
discount and treasury bills increased ,80l.
028. 900; advances increased. .9,4sl 900: In
increa sed l. .G74 900; other assets
decreased 2,8ss, 4ss. 900: notes in circula tion
Increased 43O. asa. 900; deposits increa sed
i. $50 1856. 900. other liabilities decrsased lSb.-
6G2 900; tota gold holdings, l.0O3, ,S0l. 900.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
!. ~. t,.d.t, N ON Ausust q, less than

IL was traded in on August %, less than
An kinds Of rumors and reports were
I in circulation about the basis for the
demonstra ton, the coming publication
OF the annual report being suggested as
one bullish factor, while the street was
fill Of predictions about coming extra
troll OF Mexican Petroleum, had an ad-
vance OF points and some Of the other
petroleum stocks moved up from one to
two points. THE TRADER.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
Silica Gel Process

For months past the Street has had
an overdose of literature and gossip
concerning the "silica gel process
Just what this mysterious production
was no one seemed to know, but, ac-
cOrding to the gossip. almost every cor
poration in the land was after it and
its nature was being jealously guarded
by the Dawson Chemical Company's
chemists and officers.
Some light. however, was thrown
upon the mystery by c. Wilbur Miller,
the president Of the company, in its
annual report.
In explaining the silica gel process,
he says that It is "an indcstructible
material which whep in use becomes n
part Of the equipment. 1t is not a
product manufactured, sold and con-
sumed." There are three types Of ap-
paratus which cover its many uses; one
for cleaning liquids. one for vases and
driving air and one for refrigeration.
He pointed out the problem of getting
equipment to give best results and roy
alties established on n fair basis takes
time, but In the long run will be greatly
to the company's advantage.
Process was started with an oil re-
fining plant in Boston to develop prac-
teal application for refined oils. Plant
demonstrated everything claimed for
process. said Mr.. Miller, and was built
entirely by silica gel corporation and
was used as pilot plant. A commercial
plant for absorption of gases and re-
moving of moisture from the air has
been success and first refrigeratina
machine has been completed and is
operating well.
Mr.. Miller said the company has beer
offered some attractive contracts anC
more important ones are now in nego.
tiation.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
WARE-WRiGHT

Mrs. Jennie Gertrude Wright, o.
S43 North Eighth street. and Charles
Francis Ware, Of 1912 Spring Garden
street, after getting marriage license
here. were married in Norristown By
Magistrate Harry. The record shows the
bride was divorced from her first hus.
band on the ground of cruel and bar.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
Money Rates in the West

No material change in money con-
ditions is reported in the West. The
general view of leading bankers ap-
pears to be that current rates repre-
sent about the lowest figures interest
will drop to. 1t is the opinion also
that present rates are fairly well
stabilized, and this is being helped by
discount rates are also stabilized.
The call money rates in the East have
not affected conditions West great
deal, although there has been some
money placed on call for Western ac-
counts.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
RED CROSS PROPERTY HELD
Americans Refused to Pay Shipping
Bill In latvia

Riga, June 20. - Property Of the
American Red Cross. which will cease
its activities in the Baltic States at the
end of June. has been attached by the
LatviHn courts in favor of shipping
company which in 1920 obtained q
Judgment against the Red Cross for
$21 900 for supplies transported.
Contcnding that the freight rates
were excessive. the Red Cross has ap-
pealed to the Constituent Assembly.
acting as the highest court. The final
decision has not yet been rendered.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
lIyerpool Cotton

Liverpool. June 2o.--A good busineas vas
done In spot cotton today win pr,Sss S,m nsm I'm
%adns The ssass \: ooS Ss5s S.,.s %
mhisS S1,ss asseo Ssses were Amsriesn. Futures
were steady in the early dealings: Spot
prices were Ass;csn; ;'x %idGlisn as'r, sSS sSdS
niddlins' iV.6od; low Iniddiing, u. ODD; good
ordinary, 1900: ordinary. ii.1sd. "a
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
Union
Sta ct OLs

i q ,.. lUO
G " XIX a. 80
2..... 00ia
C c c 4 st l.
Ser A 0s
2;.... 08N
4..... 90 ..
3..... 90 4.
~ "-
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-07-31
REACH AGREEMENT
IN ONE COAL FIELD
Five Thousand Miners in Kentucky
and Tennesse Area Come
To Terms.

Knoxville, July pa wage
agreement affecting 5000 miners in
rs operations in the Kentucky-Ten-
nessee field was negotiated at Gin
cinnati today between union officials
and operators of the Kentucky-Ten-
nessee Coal Operators association,
according to a statement here to-
night from headquarters of District
10, United Mine Workers.
The agreement effective August !
will virtually end the coal strike in
these fields, the advices said.
Another meeting will be held at
Middlesboro Thursday when it is
believed another agreement will be
effected regarding that field.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-07-31
PITCHER ALLEN IMPROVES.

Pitcher Allen the star slabman of
the Abbeville team, has about re-
covered from the injury received in
Fridays game. He was out yester-
day.. looking fit for battle, and he
will likely be heard from either to-
day or tomorrow.
Mr.. Allen escaped serious injury
from the blow which he received
only because the ball was not one
of Henderson's hot ones. He was
struck Immediately behind the left
ear and was carried from the field
as limp as dish-rag, but he soon
came around, though feeling the
effects of the blow.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-07-31
TO NAME MEMBERS
'oF RESERVE BOARD
Three Men Being Mentioned For
This Place-Governor To Be
Appointed.

Washington, July 29.-President
Harding is preparing to make soon
two appointments to the federal
reserve board to fill the expiring
term of Governor W. P. G. Harding
and to fill new place authorized by
Congress and urged by agricultural
interests as a position for a "dirt'
farmer.
In the consideration for the lat
ter position, three men were said
today to be prominent-Milo Camp
bell, of Michigan; President, How
ard, of the American Farm Bu-
reau, and w. P. Houston, Missou-
ri farmer. Any of the three were
said to be acceptable to the agricul-
tural contingent in Congress. The
President was said to have high per-
sonal regard for Mr.. Houston, who
was considered for Secretary of Ag-
riculture, it was said, when the
Presidents cabinet was being form
ed.
The reappointmsnt of Governor
Harding was said to be still unde-
cided. Republican members of the
Senate agricultural bloc are known
to oppose him as well as some Demo
cratic Senators who have made a
campaign against him. Some Sena-
tors today said that his confirmation
would be doubtful, while others de-
clared that he could be confirmed
only after a long fight. Agricultural
bloc members were reported to have
urged appointment of Comptroller
Crissinger in Governor Harding's
place.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-07-31
WORK BEGINS ON BATH HOUSES

Work will begin tomorrow on
the bath houses at the new swim
ming pool. These bath houses will be
equipped with showers and sewerage
connection.
The Hospital Auxiliary is follow
ing out instructions of Health Offie-
er Filby, Of Columbia, and it is their
purpose to furnish the young people
of Abbeville with a perfectly sani-
tary swimming pool. Mr.. Filby did
not condemn the swimming pool but
assisted those in charge of the en-
terprise in their efforts to make it a
wholesome place for the young folks
of the city to 60 in swimming.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-07-31
GOES
# LEAGUE FAILS
ONLY HOPE, SAYS
LLOYD GEoRGE-MORE TER
RIBLE MACHINES BEING CON-
STRUCTED THAN THOSE U.s.
ED IN LATE WAR.

London, July 29.-"More terrible
machines than used in the late war
are being constructed" said Prime
Minister Lloyd George at luncheon
given by 800 prominent Free church
men today.
"What for?" he asked and contin-
ued:
"To attack cities and main, des-
troy and burn helpless women and
children. Keep your eyes on what is
happening. If the churches of Eu-
rope and America allow that to fruc-
tify, they had better close their doors
"We reduced our armaments and
if other nations follow the example,
there will be no serious menace to
peace, but it is difficult for a nation
to remain defenseless while others
are preparing for war;"
Mr.. Lloyd George said that the
next war, if it came, would be war
on civilization itself. Speaking Of the
suddenness in which war came, he
said:
"The war germ is like any othe,
germ-you do not know that you
have it until it has got you. 1t is OF
no use arguing with an epileptic
when the fit is on him. There is that
atmosphere in the world now and the
explosive material is scattered over
the face Of Europe.
when a match is dropped it is
too late to wave the covenant of the
league of nations. 1t is the new spir-
it that is wanted. Lock up the explo-
sives and especially lock up those
given to dropping matches. The
churches must promote the new spir-
it which is necessary"
The prime minister said that he
attached high hopes to the league of
nations. He said that civilization
would be safe if the league succeed
ed. If it failed, civilization was
doomed, he thought.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-07-31
MADE
ON WOOL TARIFF
AMENDMENTS ON ONE PARA
GRAPH DISPOSED OF-BE-
LIEVED POSSIBLE BUT NOT
PROBABLE SCHEDULE MAY
BE DISPOSED OF TODAY.

Washington, July 29.-Assaults
on the wool schedule of the tariff bill
were continued today from both
sides of the senate with proponents
striking back vigorously and win
ming out on each of the three roll
calls taken during the seven hours
session. Discussion was so extended
that committee amendments in only
one paragraph were disposed of but
the senate was ready for vote on
another paragraph at the finish and
leaders were hopeful, but not at all
confident, that the consideration of
the schedule could be completed to-
day.
Senator Lenroot (Republican) Of
Wisconsin created something of a
stir early in the day by asserting
that there was unintentionally con-
cealed protection in the schedule for
manufacturers of woolen cloth, while
late in the day Senator Nelson (Re-
publican) of Minnesota made char
acteristically vigorous attack on the
wool rates in particular and the
whole bill in general.
Onslaughts from the Democratic
side were made by Senators Walsh OF
Massachusetts,, Simmons of North
Carolina and Pomerene of Ohio. Call
ing attention that the finance COM
mittee majority upon reaching the
wool schedule had ceased to make
appreciable cuts in rates as it had
done with q number of other sched-
ules, Senator Simmons said wool was
"the very keystone" which had bound
the Republicans together in hard
and fast compact" that if the rate
on raw wool were cut down "loo k
out for rebellion on the part of the
agricultural bloc; lookout for the
slaughter of your high rates upon
the manufactured articles"
Charging that Senator Gooding
'(Republican) of Idaho was "the mas
ter mind" in connection with the
wool schedule, Senator Simmons de-
clared, che forced terms upon the
Republican party in the senate and
he is not going to let them out"
Defending the protective duties
proposed on cloth Chairman McCum-
Der of the finance committee said
they were lower than the tariff COM
mission and other experts had calcu-
lated would be necessary to equalize
conversion costs in this country and
abroad.