davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-09-18
CHANGE IN
FREE TRADE
POLICY
Southern Dominions TO Ask
England Adopt imperial
Preference Plan.
By MERRYLE S. RI1KEYsER.

tcopyrightsd. 1874. BY star COMPANY.
Inc. and distributed BY Cosmopolitan
News Service
NEW YoRK, Sept. 1s.-The doc
trine Of free trade Will be challenged
in England next month. when the
Imperial Economic Conferences will
be held.
ENJOYS from Australia. South
Africa, India, Canada and the other
British possessions win meet q
London with the spokesman Tor tile
island kingdom. There seems to Be
conflict of economic Interest and
ideas between the colonies and the
mother country. To which free ex.
preston will he given.
Representatives Of the southern
dominions will no doubt propose q
more general adoption Of the prlfl-
cfoIe of imperial preference, which
means that goods shall be received
| in British territory from within
the empire on more favorable terms
than merchandise from alien cotIns
tries.
Colonies Give Preference.
IN the past tho dorni1iions have
granted preference 70 certain grades
OF English goods. which enable the
English to compete more advan
tageously in the colonies through
foreigners.
England itself. however, aside
from wartime emergency restric.
tons, attained commercial primacy
through stressing complete freedom
l OF trade, admitting merchandise
from all countries on equal terms
without protective tariff Eng
land is the outstanding example Of
/ a country that is not economically
self -sustained; it cannot raise enough
Efoodstuffs to support its population.
/ Its welI-being depends on world
trade, and 1t has for years been
Britain's cardinal trade policy to
remove all letters from commerce..
AS result Of its dependence on
the profits attained from inteTIla-
tionaI trade and investments, Eng.
LAND is now in the throes or COM
merciaI depression. rejecting the
subnorn1al buying power Of its Gus
toners on the continent Of Europe.
Unlikely to Yield.
4 IN the circumstances, it Is doupt-
lfu1 whether England win yield %
1.-THE clannor for special economic
privileges III the home market for
its colonies 1t might be more In
cIined to do 90 If the colonies were
i ready TO commit themselves to buy
all manufactured goods in Eng
land, themselves producing only
II So s5e11z
1.-THE dominions are not willing is
do that, but arc tending to be-
J come economically more and more
elf-sufficient.
The conference viii be attended
by prime ministers and other lead
ing officials OF the dominions, who
VIII come to London with gree
expectations for revolutionizing the
inter-imperial economic policies.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-09-18
STOCKS SH0 v
STEAD|ER
TONE
Oil Stocks Continue Drop, But
Balance Of Market in
Good Form.
BY II. j. DUIZEND.
Copyright, 1929. by Cosmopolitan
:

NEW YORK, Sept. 1S.--Apart
from some liberal offerings in the
oil section, occasioned by the an
nouncement Of additional gasoline
price cuts and unfavorable dividend
rumors, affecting various independ-
ent companies, prices showed quiet
steadiness in the first two hours
on the stock exchange today. Al
though caution was still the watch
word in speculative quarters, senti-
ment was d bit more cheerful,
caused by the confident tone dis
played in the general list In the
face Of the continued unsettlement
in the oils.
Trading was far from brisk, in
fact operations were more restricted
than for some days past. but a
tendency to take in short contracts
was evident, resulting in a slow re-
covery which in most cases did not
go beyond fractional limits The
great strength in cotton and its
effect upon other commodities was
factor to be reckoned with, rem
dering short selling b risky affair
for the time being at least.
The persistency with which Cosden
has been offered in recent sessions
led to a severe break, amounting to
three points in the early dealings.
Following last weeks denial OF III.
mors Of consolidation with the
Standard Oil OF Indiana, the stock
sought new low levels each day on
reports that the dividend will be cut
Today's decline to new low at 81
was accompanied by exceptionally
large transactions, representing the
unloading of extensive speculative
holdings, accumulated in anticipa
ton Of merger with the Standard
company Fear that the dividend
will be omitted at the next meeting
was responsible for the continued
weakness in Sinclair Oil, whereas
other oil shares were more or less
affected by the further lowering oi
gasoline prices.
The balance OF the industrial list
plainly indicated a. tendency to break
away from the influence Of the oils.
definitely steady trade being es.
tablished in most groups of stocks.
Gulf States, New York Air Brake,
Punta Allegro Sugar and Dupont
came in for special attention. rising
from to more than points. Quiet
accumulation was reported in the.
railroad group in expectation of the
issuance Of favorable August traffic
statements. New York Central
Baltimore and Ohio and the Erie
issues were steadily bought at slowly
advancing prices.
Call money renewed at AZ pei
cent, u per cent below yesterday
renewal rate.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-09-18
COMP ROLLER
ISSUES BANK
CALL
Many Washington Banks Re-
port Increase in Deposits
Since June Call.
BY HARRY GUsACK.

Comptroller of the Currency
Dawes today issued a call asking
for the condition of banks as OF
September IA. This is the third
call of the present year, which
should bring the fourth and last
call about December 81. Although
number of Washington banks
show substantial increases over the
previous call in June, indications
are that as a whole local instltu'
tions will show but a slight IN.
crease over the June call.
Among the banks reporting In
creases in deposits over the june
call of the Comptroller are the
Riggs National Bank which shows
a gain in deposits of $2.20O.00O
Merchants Bank and Trust Com
pany, $500, 900; the Second National
Bank, $403, ISL 900, and Northwest
Savings Bank, $20,534.80.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-09-18
sex. dividend.
Foreign Bonds.
Foreign Exchange.

NEW YORK, Sept. 1S.-Foreign
exchange opening: Sterling. demand
$4.53fs; cables, $4.534S. Francs, de.
mand, .0576A; cables, .0577A. Lire,
demand, .043S1s; cables. .0439. Bel.
gian, demand. .04821a; cables, .04S3.
Marks, 25O,00O,000 to the dollar.
Czechoslovak kronen. demand,
.0299h; cables, 0300. Swiss, de,
mand, 1888; cables, .17e5. GuiI6ers,
demand, 1929; cables, 1892. Pesetas,
demand, 1919; cables, 1851. Sweden,
demand, 1851; cables, 1856. Nor.
way, demand, 1904; cables, 1903.
Denmark, demand, 1905; cables,
1872.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-09-18
RUBBER TRADE
REGA|NS ITS
STRIDE
Setback of Recent Months
Overcome, and Future Bright,
Review Shows.
By Cosmopolitan News Service.

The rubber industry, which was
sagging behind during recent
months, has caught step with the
general improvement in other lines,
according to the India Ruber Re-
view, in its current issue.
OF the return of the industry to
It's customary activity, the Review
says. 1.-THE pulse of the rubber in
dustry is steadier and stronger to-
day than it has been for months.
Its temperature is back to normal.
The shifting of hay-fever days is
over and it seems to have a husky
appetite once more.
II fact, one might say that the
rubber industry had a touch OF
summer collie; like the barefoot boy
who gorged himself with green
apples pilfered from a neighbor' &
orchard. the rubber industry over
INDUCED in the ruthlessness of trade
OBSERVATION-DISCLOSURES cut tire
prices and nearly cut their own
Threats. But those days are over
for the time being at least.
AS to the future, the Review con.
ttnues. There can be no misgiv-
ings as to the future for tire man.
aAeASbui SIa' Ii4cIS VIII always BS
market for not less shan 10000, 00C
tires annually. and this market is
bound to increase as the number
of motor vehicles increases"
The United States Bureau Of Pub.
lie roads in a report Just issued
gives the total registration of motor
cars and trucks on July /. as 49,.
coz 427, which is an increase OF
164,G52 since the first of the year
The table issued by the bureau
shows commercial cars and trucks
now number more than 1871 ,058
private passenger cars more than
II ,571 ,181, buses and taxicabs and
cars for hire, about 60.18S. trailers
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-09-18
D. 6. banker to Attend Meet.

More than fifty OF washington
leading bankers will attend the
convention of the American Bank
ers Association at Atlantic City
September "a to 81, it was an.
nounced today by Howard Moran
secretary of the District OF Column
bia Bankers Association.
Among those who have already
signified their intention of attend
ing the convention are:
American Security & Trust Co.,
Charles ]. Bell and B. F. Saul; Ana
costa Bank, Maurice Otterbacki
Bank of Commerce & Savings, M. D.
Rosenberg, John NJ. Riordon and
c. E. Riordon; Continental Trust
Company, Wade II. Cooper, G. w.
Warden and Miss Mary j. Winfree.
District National Bank, Robert N.
National Mank, Harry v. Haynes
Federal-American National Bank
John Poole and Charles B. Lyddane.
Franklin National Bank. John B.
Cochran and Thomas p. Hickman;
international Bank, John r. Waller
Liberty National Bank, George o.
Watson; Lincoln National Bank,
Floyd E. Davis and Albert S. Cat
ley; National Metropolitan Bank.
George w. White and C. r. Jacob
sen; Northwest Savings Bank,
Francis NJ. Savage, Gregg G.. Burns
and Dion S. Birney; Riggs National
Bank, Joshua Evans, jr., and George
o. Vass; Second National Bank
Victor B. Deyber; Security Savings
81 Commercial Bank. Julius L. Pey,
ser and Jerome Friedlander: Wash.
ington Loan & Trust Co., John b.
Larner and William H. Baden
Washington Mechanics Savings
Bank. Ezra Gould.
David r. Smith yesterday was
elected treasurer OF the Interna.
tional Finance Corporation, Com.
merciaI Bank building, to fill the
position made vacant by the resig.
nation Of w. L. Bachelor, who, on
October 1, will become secretary
and general manager of the Mutual
Finance Corporation, of Baltimore
Mr.. Smith is a native of Washing
ton, and has been with the cor.
poration since its organization, June
I. 1920. He has served in various
capacities in the company, and for
the last eighteen months has been
assistant treasurer. The promotion
is effective October /.
The International Finance Corpo
ration has about 1000 stockholders
in the District of Columbia, out OF
a total of loo shareholders. It's
latest financial statement, June 80
1928, shows current assets of 50,
664.692: capital stock outstanding
sos. 800; surplus, $13I,5 undi
vided profits, SIS. 263; cash, 1892 2S
open accounts, trade acceptances
etc, $2,031, 029.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-09-18
Security Savings Dividends.

The directors Of the Security Saw
ings dividend of per cent and an
extra dividend Of 1 per cent, payable
September 80, to stockholders of
record September IS. This institu-
ton has been on Is per cent basis
tor more than two years.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-09-18

Local Stocks.
SALES

Washington Railway & Electric
IS, s., 000@99B. $1,0O0@99B.
Washington Gas Light, 1Q4S -
5@4Sb.
Riggs National Bank (rights) so
93k, 3Q93A, 3Q9SA, 1904, 10@94'
1Q94A.
Lanston Mouotype, SOFA.
Mergenthaler Linotype, 5@160.
Washington Market Company, log
43.
AFTER CALL.
Washington Gas Is, 1888, $1,000
1904, $500@101.
washington Railwey & Electric
As, $1,O00Q72, $1,000@72, $1,000Q72,
$5,000@72.
MONEY-Call loans, sos per cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-09-18
Oil Stocks.

FURNISHED by w. b. Hibbs & co.,
T5,-iooS, % v,or,s. I1i(5 a rIr
Smyrna times., 1923-08-08

The Dover board of education has
definitely decided that it cannot &C.
cept children from the-&sst---te the
sixth grade, outside of the Dover spe-
cial school district because of the linn
tied space available for Dover pupils.
This will be a serious handicap to the
smaller towns and sections near Do
yer, which have been accustomed to
sending the children in these grades
there for their public school instruc-
tiOn.
Smyrna times., 1923-08-08
WANTED

We have an attractive proposition to offer
a man who has the ability to be his own boss,
one with the initiative to get out every day.
Our goods sell to the consumer. they are used
every day by every family. We have a prem
fitted in a profit sharing way. There is no
competition considering our premium method.
We send you the goods as ordered, ready to
deliver to the customer. salesman RENTS after
delivery is made. No capital required. Bond
reference and car for delivery must be furn.
ished by the salesman. Address
GRAND UNION TEA CO..
7-25 st 6O9 King St., Wilmington, Del
Smyrna times., 1923-08-08
ST. PETERS CHURCH NOTES
Rev. Thomas Getz Hill, Rector, An
nOunces Services For the Week

Rev. Thomas Getz Hill, Rector, An
nOunces Services For the Week
There will be a meeting of the Of
ficers and teachers of the Church
School at the Rectory tonight at 7.30
Business of Importance. According
to the summer schedule, there will be
only one service on Sunday. Let
every one come out at II a. m, and
do his religious duty. Upon the call
of the Bishop of the Diocese there will
be a Requiem celebration of the Holy
Communion at 7.30 a. m, in ST. Pet
er's Church on Friday. Special pray
ers will be offered for the late Pres
ident, his loved ones, the new Presi-
dent and the country at large.
Smyrna times., 1923-08-08

THE SMYRNA TIMES is an independent
paper devoted to the welfare of the town 1t
represents and the State of which it is a
part. 1t also gives the items of Importance
of the Eastern Shore of Maryland.
oFFICE-Next Door to the Fruit Growers
National Bank
Smyrna times., 1923-08-08
WANTED

Want working housekeeper, good
home, good pay.
Box 284 THOMAS A. POTTS,
Newark. Del
Smyrna times., 1923-08-08
PIANO TUNING AND REPAIRING

Finest work guaranteed. Prices
right. Leave orders with Mrs. Marion
Coverdale, Smyrna, Del, or write L.C
Dunn. Box 306, Dover. Del.
Smyrna times., 1923-08-08

ADVERTISEMENTS Smyrna Times is
the business medium not only for the town it
represents. but for the outlying district of
which it is the centre. embracing the towns
of Clayton, Kenton, CheswOld. Townsend,
Leipsic, &C. A rate of so cents per inch
an insertion will be charged for transient
advertising. Display advertising rates
quoted on application. For Sale. For
Rent, Lost and Found advertisements occu-
pying one inch space or less, a minimum
charge of so cents per insertion. Public
Sale advertisements 75 cents per inch first
insertion and so cents per inch for each sub
sequent insertion. Locals and Reading No
tices, Is cents per line per issue.
Smyrna times., 1923-08-08
The SMYRNA TIMES
SMYRNA, DELAWARE

Published Every Wednesday Afternoon. by
ROBERT D. HOFFECKER, Proprietor.
Founded by Robert D. Hoffecker. July 5, 1854
Editor and Proprietor until Feb. 10. 1907
Smyrna times., 1923-08-08

R. w. SLAUGHTER. Auctioneer.
Smyrna times., 1923-08-08
PUBLIC SALE

The undersigned will sell at public sale at
the Thomas Place,
Smyrna times., 1923-08-08

Entered at the Post Office at Smyrna, Della
ware as Second Glass matter
Smyrna times., 1923-08-08

HhAND L NUN LEA NO.s
609 King ST., Wilmington, Del.
Imperial Valley press., 1923-09-08
Improyised Dust Can

A motorist about to negotiate a
stretch of muddy road, remembered
that, earlier in the day, that he had
lost a dust cap from one of his tires
and had failed to replace it. Realiz-
ing that to drive through the mud
would mean some time spent later
in removing the caked mud from III
side the tire valve, the mOtorist
set about finding some method of
protecting the valve. An infant in
the party happened to be eating'
dinner at the time, which gave the
driver an idea. He "borrowed' the
rubber nipple (after dinner, of
course), and placed. it on the tire
valve, Though the nipple could no
longer be used for its intended use,
the few cents required to replace
it did not in way compare with the
time which would have been lost in
cleaning the valve.
Imperial Valley press., 1923-09-08
REFINING BRAKES

Refining the brakes is a simple
enough job after the owner has
once mastered the details. Before
proceeding, a few words in regard
to brake Innings may not be out of
order. Do not be persuaded to in
vest in cheap brake lining any more
than you would buy cheap rope for
use on Alpine glaciers. Your life
depends upon the action of the
brakes and the best lining is none
too good. The best will cost only
a little more than the cheapest
for the whole set of brakes, and
the few pennies gained are not
worth the. risk involved. Cheap
Innings will also wear out much fast
er than the first quality. with the
former you will have to repeat the
refining process often, while the
superior quality will in most eases
last through an entire season.
Imperial Valley press., 1923-09-08
Brake Troubles

It is necessary to have the
brakes in working order at all times.
If the brakes fail to hold, it may
be that the drums and bad facings
have been covered with oil and
dirt, or the lining may be worn.
The brakes may bind due to the
tightness of the adjustment, for,
with a tight adjustment the engine
pulls the vehile against the friction
OF the brake at all times. If the
brakes slip, it may be due to oil
which has found its way out of the
rear axle assembly and come in con-
tact with the brake band. This
oil can be removed by washing
with gasoline, and if this does not
eliminate the slipping the trouble
can usually be overcome by applying
a little Fuller's earth to the lining.
Wear of the lining will also cause
slipping and if the wear is not great
enough. to warrant refining the
band, the brake can be adjusted.
Imperial Valley press., 1923-09-08
Chevrolet Cut
In Price Causes
Great Surprise

The substantial reduction in Chew
rolet prices announced September 1
caused great surprise to. the auto
mobile world i'll view of the COM
mon opinion that good grounds ex-
listed for expecting higher prices on
all Chevrolets. Dealers state they
had no intimation that a reduction
was coming as they knew that for
more than six months the ChevrO-
let motor company has been unable
to fill half the volume of orders
received.
Three new assembly plants at
GAINESVILLE, Wisconsin, Buffalo, New
York, Cincinnati and Ohio and six
new body adjoining assembly plants
are rapidly building up production
so that it is believed the company
will shortly be in position to fill
a much larger proportion of orders
as it is & fixed policy of the Chew
rolet motor company to price its
products as low as production costs
permit.
Mr.. Sopp, local manager for the
McDearmon Motor company, stated
this morning that the price reduc-
tions on the Chevrolet products, eff
fective since September first range
from $15 to $65, which constitutes
an important step toward still more
economical transportation.
Imperial Valley press., 1923-09-08
A. C.. to Revise
Sign Pos ting
Over Cou n try

A complete revision &C the great
sign-posting system leading across
America 20 Southern California has
been undertaken by the Auto Club
of Southern California.
Two thousand miles of sign posts
leading motorists directly to this
part of the state over the National
Old Trails Highway and its trib
utary links will be completely re-
vised at the conclusion of an ms
pection trip just commenced by the
sign-posting department Of the
club.
Many of the signs, which are en-
ameled metal on metal posts are
reported to have been destroyed by
vandals since the last renovation
two years ago. Sign notes will be
taken bv the club crew for the re-
placing of all mutilated signs and
the revision of the route wherever
necessary.
A sign-a-mile will serve to guide
motorists Paeificward af1r the
new system is installed. The club
inspection trip will continue on to
New York.
Imperial Valley press., 1923-09-08
THE BEST TOOL CARRIER

For comfort the tool roll should
be scrapped, and box, with a sep
arate compartment for each tool, OBJ
tanned. Nothing is more irritating
when a small roadside job has been
completed than to have to replace
all the tools have been used or dis
placed from the ordinary roll. They
are mostly just dumped in" any
how; and the next time a particu-
lar tool is required it is found, after
long search, to have dropped out
of the roll and hidden right at the
bottom of the locker. A properly
made tool box encourages one to
keep the contents clean, which is
an advantage. Only the tools re-
quired need be disturbed, and it is
a simple matter after use to wipe
and replace each one in its obvious
compartment.
Imperial Valley press., 1923-09-08
GRADE CROSSINGS
must GO, EDlCT
|0F CLUB HEADS

Popular sentiment demanding the
illumination of dangerous grade
fcrossings from the highways of
Southern California has congealed
in action just taken by the Board
3of Directors of the Automobile
I Club of Southern California, saying
that "grade crossings must go! -
A rigid and extensive investiga-
tion into the grade crossing prob
lem has been conducted by the Auto
Club i'm preparation for this final
Faction, and in this investigation it
Es shown that more than 200 per-
SONS have lost their lives at grade
crossings during the last year and
Ea half.
i 1t is determined that nothing
twill be left undOne now in order
Ito bring about an immediate solu-
ltion of the problem.
AS an immediate measure of pre-
lcaution, it is recommended that all
trains slow down at grade crossings
Ito fifteen miles per hour, or to such
speed as may insure full control by
the motorman. This is to be in
effect from the present date until
| highways and railroads are sepa-
rated.
Furthermore, it is strenuously re
eommended by the motoring organi-
lzation that no more permits for
lgrade crossings on principal high
|ways be granted.
| 1,,,r,1aIia+o o%iny, Ty,,, t;ryo
But underlying the entire action
taken by the club is current de-
noting the necessity for immediate
faction and no delay involving red
tape or long futile discussions.
1t is also urgently recommended
#that the campaign of educating
motorists to be careful in approach
ing crossings be extended in the
most effective manner possible, and
i'll this the Automobile club pledges
fits cooperation, as well as ito the
NCalifornia Railway Commission in
putting into effect the policy not
ito grant further permits for grade
tcrossings on principal highways.
In regard to the cost of elimina-
Etioi VI STdue cTOSSlHSS WOfh, II. II
recognized that the responsibility
docs not rest entirely with the rail
roads, and that the entire separa-
tion cost cannot fall altogether on
the railroads with any fairness
The club recommends that the cost
be equitably apportioned between
the railroads, the counties and
municipalities involved, together
with the State of California i'll such
Eases where state highways are
concerned.
1t is further recommended that
b competent engineering commission
anvestigate existing conditions, de
fermine which crossings shall first
be separated, and then recommend
b manner of separation and an
Estimation of cost.
Easy Solution to Problem
Observations made by the Auto
plub engineering experts show that
Imperial Valley press., 1923-09-08
RECOGNITION OF MEXICO rs
GREATLY BENEFICIAL TO 4. S.
SAYS ECONOMIST B BSON

government through the efforts of
New York bankers, agreed to re-
adjustment of its Indebtedness. Con-
tinually during the past year various
corporate readjustments have been
going on, which show the good faith
of the Obregon government. The
action of the Mexican congress re-
garding confiscation has been very
satisfactory to American investors.
The fact that all usurpers have been
put down and that Villa himself has
been finally eliminated has streng-
thened the situation. There are still
many wildeyed radicals in the Mex
lean government but these are grad
ually being tanned. The Mexican
revolutions of the past ten years