davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1923-10-26
TRADING
0EN, Y.MART
DULL
Stock Prices Generally Higher,
But Trading Is
ListIess.
BY HI. j. DUIZEND.
Copyright. 1898. by Cosmopolitan
News Service.l

News SerVlcesD
1 NEW YORK, Oct. 26.-Stocks in
the first two hours trading on the
stock exchange today made only q
half-hearted response to publication
Of additional information regarding
this country's willingness to take
part in an international economic
conference to hasten the solution OF
the reparation problem.
Prices were generally higher, but
traders were in no hurry TO ols-
count the favorable possibilities,
which such q gathering implies,
pending knowledge OF the French
attitude. The market for several
months has persistently ignored all
foreign developments, either good
or bad, and it is therefore, be-
lieved that the latest move VIII only
be reflected in the price structure,
If productive Of tangible results. !.
Consequently, the steadiness OF
the list could just as easily be
ascribed to the substantial improve.
nnent in the position of the Federal
ing based on the oversold condi-
tion Of a good many stocks, or
both. The Improvement, however,
was by no means general, a few
stocks making the now customary
new lows for the year.
? An overnight break OF nearly 8
points in Famous Players was the
outstanding feature OF the opening
dealings, heavy liquidation being in
duced by the company's decision TO
suspend creation oI new pictures
pending q reduction in production
costs. Official assurance that the
dividend is not in danger brought
about a temporary rally, but in
creased offerings in the second hour
caused another slump to SO, a new
low. representing a loss OF 35 points
from the years high.
The general list was slightly
irregular at the outset, but renewed
strength in stocks of chain store
and merchandising companies had a
salutary effect on the leading indus
trials. Gains from a fractional to a
point were common in the major
groups, but the complete absence OF
outside participation stayed the
hand of those, working for better
prices. Intense dullness ensued,
during which some pressure was
applied to u. s.. Rubber, resulting
In q one-point decline to q fresh
low for 1928.
Low-priced rails recovered slightly
from yesterdays extreme weakness
while the dividend paying carriers
ruled steady.
The foreign exchange market was
greatly cheered by the latest inter.
national developments. Sterling rose
above $3.50, 3 cents above its recent
low Most continental exchanges
made more or less impressive gains
Call money renewed at AZ PEI
cent.
The Washington times., 1923-10-26
BUDGET BUREAU
DEFENDED BY
BANKERS
BY Cosmopolitan News Service.

NEW YORK, Oct 26. What
prominent bankers think Of the re-
ported move to be made in the next
Congress to destroy the budget sys.
tenn of appropriations, which was
inaugurated to prevent wastage or
public funds, is disclosed in the fol-
lowing statements:
Lewis L. Clarke, president of the
American Exchange National Bank:
''I am strongly in favor of the ma.
tional budget system. Our bank was
one of the first financial institutions
to advocate the adoption Of budget
system by our Federal Government" !"
Sees Added Taxes.
w. E. Knox, president of Bowery
Savings Bank and vice president of
the American Bankers Association:
1.-THE prospect of a surplus in de-
partmental revenue Of $125, ZOO, 900
or more for the present fiscal year is
gratifying evidence Of the success
which has attended the inaugura-
ton Of the Federal budget. Taxa
ton has a direct relationship to ma.
tional prosperity. If we are to con-
ttnue on the road Of normal and
healthy business development during
the next year, it is vital that the
scrutiny and supervision of Federal
expenditure through a budget bu-
reau should not be relaxed.
ANY return to the old system Of
blind appropriations by Congress,
without any study Of their relation
ship to government income, is only
to add to the already heavy burden
Of taxation which business Is now
asked to carry"
IN
of the National Bank of Commerce:
1T is unthinkable that any one
should wish to go back to the old
expenditures. The present budget
system Is incomparably superior to
the old method"
Frederick w. GehIe, vice presi-
dent of the Mechanics and Metals
National Bank, said: "It would be
a grievous step backward were the
nation at this time to abandon the
budget system which has operated
so amiably over the past three
years. To scrap this department
would mean that the old practice
would return In Washington of ap-
propriating great sums without
Congress knowing precisely whether
those appropriations were necessary.
It would mean that necessary ex-
penses would be sacrificed for those
which were unnecessary, 1t would
take from every department of the
the restraint which is
now so effectively exercised by it's
duty to justify it's cost,
Restoring the old system would
impose a positive check against the
progress that is now being so sue
cessfully made in tightening the
load of debt which presses down
on the country's finances"
The Washington times., 1923-10-26
NEW BLUE SKY
Law To BE
). URGED
Modified Denison Bill, Which
Failed, to Be Pressed at
Next Session of Congress.
BY HARRY GUsACK.

A Federal 'blue-sky" law, design
Cd to give the fullest possible pro-
lection Of the Federal Government
to investors. and at the same time
meet the requirements of legitimate
concerns dealing in securities will
be pressed in the early days Of the
next Congress.
Such action was indicated today
by Frederick r. Fenton, secretary
Of the Investment Bankers Associa-
ton, in an informal discussion Of
the many important problems to
De taken up at the convention of
the organization which opens Mon
day.
Proponents of the Denison Blue
Sky Law, which failed in the last
Congress, have closed long series
OF conferences with the financial
and other organizations which op-
posed the Denison bill as it was
first proposed. They are expected
to give full support to the new
measure which will be greatly modi-
lied as compared with the Denison
bill
Among the speakers who will
address the sessions of the con-
vention, it was announced, are: Sec
retary Wallace, Secretary Hoover,
Postmaster Genera! New, Assistant
Secretary Of the Treasury Winston.
Many Of the 1000 delegates sched-
uled to attend the convention will
arrive Sunday morning. The board
Of governors viii meet Sunday aft
ernoon, and the first session Of the
convention will be held at the VIII.
lard Monday morning.
The Washington times., 1923-10-26
Chicago Grain Market.

CHICAGO. Oct. 26.-Grains were
higher at the opening today.
Wheat started with fairly general
buying and a lack of important sell
ing. Prices were unchanged to q
cents higher and further gains
were made later.
Corn started with general COM
mission house buying and II to y
cents higher. Offerings increased
on the upturn. which ran into rest.
ing orders.
Oats started q to II cents higher,
with good commission house de-
mand and moderate offerings.
Opening prices here were:
Wheat-December, $1.07k @1.07%:
May. $1.12@1.12M; July, $1o7%@
10TH.
Corn-December, 74974kc; May,
71K 972hc; July, 72h 072%c.
The Washington times., 1923-10-26
G. &P. Telephone Earnings.

Gross recenues of the Chesapeake
and Potomac Telephone Company
for the month OF September showed
a slight increase over August, ac-
cording to the monthly report Of
the company filed with the Public
Utilities Commission today. The
gross revenues were $4S8,71S. There
was decrease of approximately
$4,000 in total operating expenses;
net operating income shows an i'm
provement OF approximately $4,000.
Total plant and equipment added
during September $158. 1878; retire
ments $47, 1850, leaving net additions
for the month $110,823.
The total net addition to plant
and equipment for the nine months
Of the calendar year is $3.50, ,440.
The Washington times., 1923-10-26
ROADS Awaiting,
COOLIDGE
STAND
President Expected 70 Oppcse !
Drastic Legislation, lnti-
mates BesIer. !,
BY w. 8. COUSINS.
Copyright, is2s, BY Cosmopolitan
MAWa SarvicAA


NEW YORK. Oct. 2e.-The rail- )
roads are anxiously awaiting 4
definite intimations Of what stand !
President Coolidge win take II the
rumors Of adverse legislation con.
cerning the roads should come true. .
william @. Besler. president Of thu !
Central Railroad Of New Jersey,
said today. Most railroad heads, he
intimated. were pinning their hopes 4
on the President in the belief he
will oppose Congress on drastic 4
measures affecting the roads.
The most serious situation con-
fronting the railroads today, Besler
declared. is the tremendously in.t
creased burden Of texation. RI
increase In Taxes. Il II
I'm the twenty.one years that IsI
have been with the Central railroad 8
Of New Jersey" he said. II have
seen the taxes increase from S41S.-
600 per annum to practically $4,000 :
600 per annurn, the greater part Of
which increase. has taken place IN
the past half dozen years.
The railroad systems have been II
udIItk1GIEQ HI b11S 1kAdllGI Oh GeIll1u88s n
Besler declared, by the tremendous.
ly increased costs OF operation I'm
herited from the period Of Federal
control OF the transportation lines. .
plus the doubled expense for ma i
terial, supplies, fuel. etc. !,
Roads Get Body Blow.
"The 10 per cent reduction in
freight rates made by the inter
state commerce commission in July. y
1922 he said, in anticipation OF 3 i
reduction in costs to be brought
about by the United States railroad
labor board, instead Of which came
the costly strike Of the Federated :
Shop Crafts, etc, has dealt the Z
railroads in this country q body
blow These increased costs, to-
gether with taxes, have produced
a situation which, so far as earn
ings go. Is far from satisfactory at !.
present" 4
The Washington times., 1923-10-26
win Talk On Credit.

Carl ". Starkloff, credit manager
OF the Drovers and Mechanics Ma
tional Bank OF Baltimore, win open
the credit course of the Washing
ton chapter of the American Insti-
tute of Banking tonight with a
lecture on Field Of Credit" ut the
chapter rooms, New Masonic Tenn
pie.
Julian NJ. Walters. a farmer Of
Mclean, Va, has been elected a
member of the board Of directors
Of the Farmers and Mechanics Ma
1ional Bank Of Georgetown. Mr.
Walters will fill the vacancy caused
BY the recent retirement from the
board Of z. 7. Simpson.
The Washington times., 1923-10-26
Foreign Exchange
Demand. | Cables.

NEW YORK, Oct. 26.-Foreign
exchange opening:
The Washington times., 1923-10-26
Foreign Bonds.
N. Y. Cotton Market.

NEW YORK, Oct. 26-Cotton
futures Were strong at the opening
today. Prices advanced from 20 to
26 points in response to higher
Liverpool cables and unfaVorable
weather reports. December opened
at 3O.82, up "a points: January at
1922, up %: March 1927, up 26
N1ints and May at 30.35, up 20
points.
The Washington times., 1923-10-26
Open. High. Low. Close.

Open. High. Low. Close.
Money on call. Az "a. %. 90.
Stock sales up to-
II am IL noon. I q. m. pm.
181,700 315,500 ........ ........
Bond sales up to-
IN m IL noon. In. m. 2p. ID.
2,478 900 5,039 900 ........ ...>....
The Washington times., 1923-10-26
Liberty Bonds.

Furnished by w. b. Hibbs q Col
g Us, due 1947 ........... .$100.01
First 4A's, due 1914. .......... $500
Second 4A's, due 1912. ....... 97.30
Third AS. due 1923. ......... 1928
Fourth AZ due 1898. 8..... 97.S1
u. S. T. 4L's. eff, due 1882. 99.11
The Washington times., 1923-10-26
RAILWAY Bonds Authorized.

The Interstate Commerce Com
mission today authorized the
Kansas City Terminal Railroad
Company to issue $1O,000,000 of
three.year 5k per cent gold notes
to liouidate a $9,S50,O 900 indebted.
ness maturing November Is.
The Washington times., 1923-10-26
Oil Stocks.

FURNISHED by w. B. Hibbs & Coz
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-17

measure on sOme
minor mistakes in administration. but
more generally on a misunderstanding
or their purposes. OF what should be
expected OF such system.
The banker. as much as any man. IL
10 Diane for the present misconcep-
ton. He found Federal Reserve
Banks ready scapssoat to blame for
no matter what happened II II
seemed desirable to refuse or call q
loan II was easy TO say that the Fed
eral Reserve Bank wished II, although
II should have been refused because
contrary to good banking practice.
Most OF all was the system blamed
br the fact that violent imitation
which hundreds OF business men and
bankers hoped might be continued
forever was finally checked By putting
up Federal Reserve interest ratss.
There were those who blamed the
system for not having put up the rate
soon enough and others who blamed
1t because II put up the rate at all.
The penalty for thus blaming every
business mishap on this valuable sys-
tenn may be the loss OF its much
needed benefits. II we wish to save
the present bank Of the United States
from the fate of its two predecessors
We must make known to America, to
its rank and fle. the splendid useful.
nsss OF these institutions.
We must admit at the outset that
in their administration mistakes have
been made. that governors of Fed
eral Reserve Banks and members of
the Federal Reserve Board are human
beings, and In the administration OF
the AFFAIRS OF any institution BY
human beings mistakes will be made,
but these have been 30 insignificant
as compared with the outstanding
OF the institutions them
selves that they should be judged by
the good which they have performed,
which. after all, has been along the
line Of their designed achievement,
rather than by those errors which
time and experience can easily elimi.
nate.
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-17
en- Davis

Mr.. and Mrs. II W Arncti. Made
line aud Basil Arneii. Mrs Frank Gah
ley. Dorihy Galley. Mary Echols.
Viii Galley and Wilma were Caldwell
visitors Thursday.
iiclen Speaih WAS dinner guest
sunday OF Nellie Weick.
Leia Sabn Is home on a vacation
from Eugene. Oregon.
Mr.. and Mrs. NJ. ". Mclaughlin
and Harvey Mclaughlin moiorcd to
Emmett Wednesday Mrs. NJ. L.Kurtz
aud sons returned home with them
Tor a few days visit n the II. /. Me
l.aughlin home.
+. Harold and family OF Boise
are visiting Al the home OF Mrs Frank
Galley
Mr.. and Mrs. Vandemcor visited
sunday At the George Harris home.
Mary Echols Is working for Mrs.
Will Galley.
Mrs. Frank Farley visited Mon
day with Mrs. Mary Bales.
Clint Kelly was 4 business visitor
IN Ten Davis last week
Rev. ID. h. Hare OF Caldwell viii
be down Sunday to conduct COM
munion services.
Mrs. Z. ). Barnum. Mrs. NJ. W
Mclaughlin. Raw Brahams and Mr..
and Mrs. K. ID. Scbree were Caldwell
visitors Monday
Mr.. and Mrs. Fred Hcr,is visited
Sunday ait the William Bishoff home.
Mr.. Bishol has been quite sick but
# this writing he is improving.
Ray Brahams and Sidney Mcl.augh
in were dinner guests Sunday al the
]. ). Babcock home.
Rev. CaSsel pastor OF the Church
Lower Boise Church.
Rev. Cassel. Bedford I.cverion. Mr..
md Mrs. II. l. Mclaughlin were sun
lay guests at the NJ ". Mclaughlin
rome.
The Ten Davis Christian Endeavor
-eceived an invitation TO attend Chris
ian Endcavor in Notus Sunday night.
About fourty five from Ten Davis
accepted the invitation and enjoyed
he meeting verv much.
Ray Brahms will hold special meet
ngs at the Lower Boise Church on
he last three nights he will be here.
They will commence on Friday night
august the Path. and last over SUNDAY
light August 10Th
Mr.. and Mrs l.. T. Small aud
ylc Small were dinner guests sun
lay at the G.. l.. Judd home.
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-17
Canyon Items

+. w. Myers and family visited in
the Gem district Sunday.
Mrs. Chas Robertson has been SER
iously i'll but is convalescing.
Mr.. and Mrs. G.. II. Myers and
son Ralph are having a ten days out
ing at Yellowstone Park.
The PT.A. met at the home OF Mrs.
:. p. Mcneil Thursday.
Wayne Myers and Roscoe Trotter
have returned from Long Valley and
are now at Media working in the po-
tato harvest
Ornand Dustman and family have
gone TO the mountains for a prolonged
outing.
Mrs. r. A. Houdyshell visited Mrs.
s. =. Mcneil last Friday.
Elmer Myers is working in the Gem
district.
Mrs. Sam Whipplc visited at the
home OF her father. o. NJ. Trotter. last
Several OF the young people OF our
community visited Given Springs last
The farmers have nearly finished
planting lettuce. About the same ac-
reage will be planted as last year
Deral Mcneil returned home last
week from Pomeroy. Wash. where he
has been working
A. Hines, in company with Ben
Crockett of Middleton, is visiting at
the Payette Lakes.
Miss Dorothy Kinney. well known
here. has been in poor health and was
obliged to go to Boise for medical
treatment.
o. V. Platt has practically recov-
cred from his recent operation for
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-17
HOUSEHOLD GOODS FOR SALE

Leaving Caldwell. will offer for sale
THIS WEEK ONLY: Oak pedestal
dining table. $40; enameled bed with
best springs. new. SIS; Newhouse sew
ing machine. $40; Great Majestic
range, like new, $50; Cole Hot-Blast
heater. IS: Geyscr electric washing
machine. used months. so: piano,
splendid tone. fine instrument for the
school or home. $50; chairs. rockers.
bookcase. kitchen cabinet, Riddle
Koop, etc Five room house. modern
except heat. for rent. $50 One block
east OF Coles Saniiarium, on corner
Phone 790-W.
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-17
Cory Basin

Mr. and Mrs. Royal Stanton and Mr..
and Mrs Joe Seny spent Sunday Wis
ting relatives in Boise.
Frank Wallace returned from Mel
ba where he has been putting up his
second cutting OF hay.
Mr. and Mrs. w. f. Cox visited at
the Royal Stanton home Sunday.
Albert Bowles sold 25 head OF fine
bucks to Mr.. Maderato OF Boise last
week
Royal and Frank Stanton and Joe
Seny went to Owens Springs Sunday
Frank Hull motored to Nampa last
Friday in search OF hay hands.
Mrs Asbury was visiting at the
Frank Hull home Sunday.
George Kirkland OF Media was look
ing for potato pickcrs here Monday.
Miss Mildred Wallace has been seri-
ously i'll this week.
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-17
Hot Weather Diseases

Disorders OF the bowels are ex-
tremely dangerous. particularly during
the hot weather of the summer months
and in order 10 protect yourself and
family against sudden attack. get a
bottle Of Chamberlain's Colo and
Diarrhoea Remedy. II can be de-
pended upon. Many have testified 90
Its excellence.
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-17

that W o could
continue a first.
class commercial
nation, without
the Federal Re
serve Banks. or
mechanisms sim.
liar to them. Yet
there is antag-
onism to the Fed
Q r q | Reserve
Banks based in a
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-17
COOPERATIVE FARM
MARKETING NOTES
Progress of the Movement to
"Put Farming on Par With
Other Big Business"

pamphlet and questionable on CO.
operative farm marketing recently L.
sued by the State Bank Division.
American Bankers Association. has
brought out valuable information on
the subject from bankers. farmers and
state agricultural departments. II Is
being used as 4 campaign document in
the organization Of cooperative mar
keting associations in various sections
OF the country. farmers having adopt
ed its slogan: Put Agriculture on a
Par with Other Big Business"
The movement on the part OF farm.
ers toward cooperative marketing IS
= cure for their present economic
plight IL nationwide. There has been
notable progress in the development
Of such associations. some conspicu.
ously successful ones being In opera
ton at the present time. There have
also been some disastrous failures
among these ventures In cooperative
marketing. which is the inevitable &C.
compartment OF the progress OF any
movement. The Banker Farmer"
published by the American Bankers
Association, says:
Cause and effect are operative In
cooperative marketing as truly a.
they are In every other business enter
prise. An association will not neces.
sarily succeed or fail merely because
II is a cooperative association, but be-
cause II conforms to or transEresses
from the underlying principles OF sue.
cessful business operation. The move
ment itself is OF great national import
and the bankers OF the country can
materially aid or retard Its progress
The responsibility OF leadership IN
rural communities rests very largely
with the country banker. II IL his
duty to be informed on all matters re.
lating to the farmers wel,being."
Modern conditions are such that az.
rlculture cannot be successful By 10
diyidual effort. To regain its position |
as basic industry. and a. q force In
national affairs. agriculture must de-
pend upon organization and co-opera.
ton for economic production. for eco
nomic marketing and for the sstsb-
llshment OF tia proper Relationship In
life. 49, Howard Leonard.
President. Illinois Agricultural Asso-
citation.
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-17

Mrs. c. ID. Purkhiser left Tuesday
for Portland where she will spend a
couple Of weeks visiting friends and
relatives.
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-17
Judging a Great
Institution by
Small Defects
BY J. n. PUELIcHER
President American Bankers Asso-
citation.

II would be difficult to find a bank
er. understanding thoroughly the Fed.
eral Reserve System. willing to admit
Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1923-09-28
TELLS OF COOPERATIVE
BUYING IN THE EAST,

Over 10000 farmers of the
east now buy farm supplies CO.
operatively through their own
associations. How these cooper
alive associations function for
farmer-buyers will be shown at
an exhibit at the National Dairy
Show to be held at the State fair
grounds, Syracuse, N. Y, Octo-
Der 5 to 10.
Represented in the exhibit will
be the Eastern States Exchange,
the Pennsylvania Farmers Co.
operative Federation, the Mary.
land Agricultural Corporation,
the Michigan Farm Bureau, and
the G. L. F. Exchange.
Feeds, seeds, and fertilizer
are the principal supplies fur
nished through the farmer CO.
operatives. The display will
show the sources of the raw in.
gradients, how they are assem-
Dled al the great Manufacturing
centers, and how through the
cooperative plan they reach the
ultimate consumer with the low
est possible handling charge.
The feature of the display par.
ticularly interesting to dairy far
mers will be the public formula
iced which was recommended to
the cooperative associations by
feeding experts of eastern agri-
cultural colleges, separated into
various ingredients in the exact
proportions used.
Co operative buying of farm
supplies like cooperative selling
of farm products has made ire
mendous progress in the last
few years. The one has encour.
aged the other; both are increas-
ing the farm income without ia
king an additional dollar from
the city consumer.
Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1923-09-28
ORDER NIs1.


In the Circuit Court for Charles Coun-
ty. Maryland.
No. 1874 Equity.
james Riggs, Ferdinand C. Cooksey,
ct al, Plaintiffs,
Henry E. Barnes, Harry F. Barnes,
ct al, Defendants.
" Ordered by the Circuit Court for
Charles County, Maryland, this 18th
day of September, in the year 1923,
that the Auditors Report made and
filed in the above entitled cause, be
finally ratified and confirmed unless
cause to the contrary be shown on or
before the 22nd day of October, In the
year 1923; provided copy OF this
order be inserted in some newspaper
printed and published in Charles Coun-
", Maryland, once a week for three
successive weeks before the said 22nd
day OF October, in the year 1923.
WARREN NJ. ALBRITTAIN,
Clerk Of the Circuit Court for
Charles County, Maryland
True copy-Test:
w. NJ. ALBRITTATN.
9-2S-3t. Clerk.