davidaulloa/AmericanStories huggingface dataset:
Evening star., 1923-01-20
BRADSTREET'S REVIEW.
Home Conditions Bright and For
.eign Situation Dark.

NEW YORK. January 2o-Brad-
streets Review today says:
The trade, price and industrial situar
tion varies greatly accordingly as
domestic or foreign happenings or
conditions arc considered. The first
mentioned with industry busily en-
gagged, unemployment negligible,
trade for the drst three to six months
of tho year apparently secure, build
ing favored by mild weather in wide
areas, unprecedently active, and the
chief subjects of complaint scarcity
of cars, coal or materials for manu-
facture, are almost uniformly favor
able.
On the other hand, with punitive
military measures being enforced
against the worlds greatest debtor,
the conference with the representa-
tives of Britain adjourned, prices of
cotton and the grains. diversely af-
fected by war talk, foreign security
markets weakened, the exchange sit
uation, one of the most important
keys to foreign trade, unsettled be-
yond description, and our export
trade mediocre. the foreign side of
the pictures is hardly one TO wax
enthusias site about. ""
weekly bank clearlngs,* $780,
046000s -.
Evening star., 1923-01-20
BY. STUART r.. WEST.
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK, January 20.--The
home security market has effectually
demonstrated this week that domestic
business conditions are the supreme
consideration, and that even the seri-
GUS possibilities suggested by the
French occupation of the Ruhr are a
matter OF secondary Importance. The
purely technical explanation for the
steadiness Of the stock market, that
is, the explanation which appeals. to
the professional mind. is that there
had been: no chance during the up
ward movement which started around
December 1 to distribute stock on "a
large scale. - -
Confident Of Americas Position.
There is. however, the broader view
of the situation-that it must be
proved that the European troubles
might eventually affect home basi-
ness conditions before these become
a major factor in the price movement.
Wall street has been expressing its
judgment that the worst that may
happen to Germany, or even the COM
plete failure OF the French efforts to
collect reparations, will not impair
the favorable outlook for. trade In
this country.
The London security market and
the course of sterling exchange have
shown that Great Britain feels the
same confidence in it's position re-
gardIess OF developments on the con-
tinent
Recovery Rests on Home Demand
The one way in which q breakdown
in Germany and France could possibly
affect our situation would be through
curtailing the demand for American
goods. But our business conditions for
the last year and a half have accom-
modated themselves to a minimum ex-
port movement. The recovery OF the
past twelve months has rested almost
entirely upon the home demand.
decided increase, TO be sure, has
occurred during the last few months in
the export totals, mainly due to larger
purchases by South America and the
far east. but we have probably seen
European. buying power at the. lowest
It can ,conceivably be and American
business has adjusted itself to this con-
dition.
New Capital Issues Absorbed.
Regarding the investment market, II
is perhaps we'll to remember that in
January a year ago bond prices had a.
considerable advance. This was fol-
lowed by u sharp reaction in February
and March and the secondary upward
in the spring There were two reasons
for the intervening recession. The first
was the exhaustion of the January re-
investment demand and the second was
the uncommtilY large output of new
securities. 10th these factors may
Evening star., 1923-01-20
WEEK RECORDS FURTHER
ADVANCES IN COTTON
Recovery Reflects General View on
Revival of British Cotton
Goods Trade.
By the Associated Press.

By the Associa ted Press.
NEW YORK, January 2o-Nervous-
ness over the state of affairs in Eu-
rope probably promoted a disposition
to take profits as the price of cotton
reached the 2S-cent level in the mar
ket here at the beginning of the week.
There was considerable volume of
liquidation, but it was absorbed on
reactions of 60 to 20 points. with
trade interests reported good buyers
on scale down. Between an idea
that the contracts sold were going
into strong hands and reports of i'm
proving trade in Manchester, the mar
ket turned steadier during the middle
of the week and later made new high
records for the season on replacing
by earlier week sellers.
May contracts which had eased off
from 2S.06 on Monday morning TO
27.41 on Wednesday sold up to the
2Sz cent level today. making an ad-
vance of som ething like AZ cents per
pound from the low prices touched
early in December. This recovery was
regarded as rejecting. a generally
bullish view of the supply situation
combined with indications of a re-
vival in the British cotton goods
trade.
Evening star., 1923-01-20
SAVINGS DEPOSITS
SHOW BIG GAINS
People All Over Country Are
More Thrifty-Sanitary
Bond Issue Sold.

The savings deposits in the United
States on June 80, 1922. aggregated
S1S.0s7. 493, 900, with 6,61S,595.0 900
June 80, 1921. an increase of $1,46S,-
S9S,000, according to preliminary fig
ures of the savings bank division of
: the American Bankers Association.
Savings accounts in mutual savings
banks, state, national and private
banks and trust companies increased
from $26.637,S31 on June so, 1921, to
NS2S,953,526 June so, 1922, or a gain
OF $2,315.695.
Later data are expected to show
even larger gains for 1922 than in
dtcated here.
Sanitary Bonds Bring S9S.1O.
The Washington Suburban Sanitary
Commission yesterday opened bids for
the purchase of 100000 4Is per cent
bonds, maturing in fifty years, with
the option OF redemption after thirty
Years. The issue was sold to Dean,
onativia & Co. of New York, with
gocA ot1ees in the Woodward build
lmg' at. $3.50 a 800 of par value.
The next highest bid was $975l3 by
the Mercantile Trust & Deposit Com
pany OF Baltimore and associates
The proceeds OF these bonds will be
used for the extension of water and
sewer lines in the Maryland suburban
territory adjacent to Washington and
more particularly for water and
sewer extensions west of Chevy
Chase, north of Takoma Park, north
of Hyattsville and in the Seat Pleas
ant neighborhood.
Federal-American Bank.
Announcement was made yesterday
that plans for the erection of a large
bank building to house the Federal
American Bank at 14th and G streets
were we'll under way, and that the
building committee, headed by Will
liam John Eynon. vice president of
the institution. will leave for New
AYork next week to inspect the not
able banking houses of the metropo-
lis. The committee will also continue
through other large eastern cities In
quest OF new ideas.
Big Back Tax Collections.
The drive by the internal revenue
bureau to collect back taxes brought
nearly $165, 100000 in income and
profits taxes into the Treasury in the
first half of the fiscal year 1922-2S
according to estimates made today by
maintained collection for the fiscal
year will far exceed the estimate of
$1,000 900 made last June, Mr.. Blair
said.
September 80 aggregated more than
S18,000,000, according to the bureau 5
records, as compared with nearly
$4,000, 900 in the quarter ending De-
cember 81, 1921.
These receipts, it was explained, are
in addition to current taxes. and
therefore swell the Treasury balance
20 that extent beyond estimates of
normal collections.
Indications were given also on the
basis of receipts from the first two
weeks IN January that the collections
of back taxes in this quarter would
outstrip any previous period. Unoff-
,cIally IL was declared that monthly
faverage of S25, 900, 900 which the COM
missioner had expected to maintain
already had been passed.
Evening star., 1923-01-20
CUBA'S FINANCES SOUND.
Reserve Bank Expert Reports on
Fiscal Mission,

BOSTON, January 20.--William p.
G. Harding. the new governor of the
federal Reserve bank here, in an
address here told the members of
banking investment houses. that the
Republic of Cuba would not find 1t
necessary again to sell her bonds
abroad after the placing of the ours
rent loan of $50.o00.000. With, this
issue, he said. her financial condi-
tion would be secure. Mr. Harding,
who was formerly governor of the
Federal Reserve Board. recently re-
turned from a fiscal mission to Cuba.
Evening star., 1923-01-20
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star onaes

liquidate accounts and take profits
wherever available.
Trading started in the new. issue
of Centrifugal Cast Iron Pipe Com
pany common stock. The issue. was
offered for public subscription at $40
per share. The first sale took place
I'm the open market at premium OF
half point.
Goodyear issues moved against the
general trend, both the preferred and
prior preferred rising. sharply for a
gain of over two points. Goodyear
common. however, failed to share In
the upward movement.
Evening star., 1923-01-20
LABOR SHORTAGE LOOMS.

PITTSBURGH, January 20 (Spe-
cial).-Labor shortage is being felt
in various lines. Manufacturers fear
an acute shortage when men begin
to leave plants for outside work as
the weather improves In the fall
an advance in wages to attract men
10 plants was a possibility, but suf1i-
cient men left outside work for in
Evening star., 1923-01-20
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

PHILADELPHIA. January Gothic
strengthened prices for both cotton
and woolen yarns in this market,
This move has been aided by in
creased. demand since January 1.
Buyers today are anticipating still
further advances.
CHICAGO, January 2o.-Neariy Fali
tho middle west oil refineries have
advanced prices for their products
following the increase in the. quota
tions for crude oil on the mid CONT
nent and Wy oming fields.
PITTSBURGH. january 20.-Mer
chant tailors are having a busy sea-
son at present. Their difficulty is TO
secure workmen. While mems suits
and overcoats are So to 81 above
selling them on a fair scale
QUAPAW. Okla, January 2e.-The
Quapaw Mining Company, controlled
by Charles NJ, Schwab and associates.
has just purchased the Wolverine
mine near here for $4,000. This is
said to be the first of a number of
acquisitions by the company in this
section of the lead and zinc field.
KANSAS CITY. January 2o.-The
output of the Kansas City -four and
griSt mills in 1922 was valued at
s35.471,6os. IT is expected to be
larger this year.
NEW ORLEANS. La. January 90
Sales of white goods in local dry
goods stores, since January !, have
broken all records, according to local
merchants today.
ST pAIIJ. January 2o-Orraf,iza-
ton of cooperative potato mark citing
agency to serve seven of the north
western states has been begun The
agency is expected to market 75 per
cent Of the tubers produced in this
territory.
Evening star., 1923-01-20
ANNUAL REPORT OF THE
DISTRICT AGENCY COMPANY.

We, the vice president and a majority of
the board of trustees. of the DISTRICT
AGENCY COMPANY, of the District Of CO.
lurnbia, do hereby certify that the authorized
capital stock of said company is 81, 600 Of
which 81 ,0o0 has been paid in and that the.
assets of said company, as at December 30,
1922, were S37, ,171.9s: liabilities, $50, ,o35 10
capital stock snd surplus, $16,1751s.
:. d. G. DAVIS, vice president,
p. G.. GoTTWALS,
- MAX V0LLBERG,
HORACE ]. PHELPS.
JAMES A. MACELWEE,
T.. DANIEL G. DAVIS, vice president of
the District Agency Company. Of the District
of Columbia, do hereby swear that the facts
stated in the above certificate are true to the
best Of my knowledge and belief =
- d. G. DAVIS, Vice President q
Subscribed and sworn to before me this
Goth day Of January, 1923. :.
:. fSeaL HELENA d. REED,
Notary Public for the District of Columbia
Evening star., 1923-01-20
New Tariffs Agreed on.

NEW YORK, january 20.-New tar
ifs on iron and steel products be-
tween. the Pittsburgh Buffalo district
and New England territory will soon
he published as the result of confer
fence between manufacturers' repre-
sentatives and officials Of the Trunk
Line Association. q.
Evening star., 1923-01-20
Washingtonsstock Exchange

SALES
Washington Gas 5s-$1 600 at e5.
Capital Tr2ction--6 al 1o4.
Washington Gas bight-l0 at 0T&, 10 at
5IHs.
AFTER CALL
Potomac Electric deb. 6s-s1 900 at 9s1s,
81 OOO al a9Is.
Capital Traction $500 at 97E.
Washington, Bait. & Annap. 5s-s1,o 600 at
T7i2, 81 900 at 771H.
East Washington Savings Bank-10 at 1713.
PnMnG
Evening star., 1923-01-20
FOREIGN.
(sa.m.. Greenwich time. today,
Waterproof.

Sandy Tin. restaurant)-Hoot, mon!
That's ma umbrella you are taking.
McGinnis-Phat of it.? i.
Sandy-Do you ken who you're talk
ing to-? I'm Mcintosh.
McGinnis-Faith! Then you don't
need it.
Evening star., 1923-01-20
TITLE INSURANCE
BOSTON STOCK MARKET.
PUBLIC UTILITY.

BOSTON January 2o.-Following is
A list OF today's highest, lowest and
closing prices for the most active
stocks dealt in here:
Evening star., 1923-01-20

Miss Hattie Mills Hanna Wyom-
ing girl. is the conductor OF brass
band composed mostly OF men.
Evening star., 1923-01-20

NEW YORK, January 20.-FolIow-
ing Is list of today's highest, lowest
and closing prices for the most active
bonds and stocks dealt in on the New
York Curb Market:
Evening star., 1923-01-20
BY WILLIAM #. HEFFERNAN.

NEW YORK. January 20.-The
usual week end evening up of COM
mitments caused a general reaction
in tQday's trading on the curb ex-
change.
After a week of lively Speculation
that resulted in substantial advances
in many of the Industrial and min
ing shares. 1t was the natural pro-
cedure for professional operators to
Evening star., 1923-01-20

NEW ORLEANS, La, January 90
Sales of white goods in local dry
goods stores, since January !. have
broken all records, according to local
merchants today.
The Bingham County news. [volume] (Blackfoot, Idaho) 1918-1930, 1923-04-20

applied to solving 1t for others.
Twenty-Five years ago bank clerk
were not elevated to official positions
Usually successful man in some lin
Of endeavor, who had accumulate,
sufficients purchased that little cloi
ing glory, bank presidency, to win,
up his career.
The bank clerk had to start as meal
senger with very insufficient salarl
and was usually employed at twelv'
or fifteen years of age. He learnet
something about the practical working
Of the bank but very little about gen
eral theory. The president knew some
thing about the theory of business hu
mighty little about banking. Conse
quent]y banks did not arrive at thu
degree Of efficiency they have obtain
ed in the last few years through meet
ing the greater requirements Of the
nations commercial life.
There came time when a few am
bilious men hoped to bridge the gal
from a clerkship to official position
They first organized clubs to study IL
their own banks the theory and prao
tice Of banking. Then those who had
larger vision began to invite clerk
from other banks to sit in the study
clubs. Soon the study club became
community club.
Twenty-one years ago, three hun
dred Of these men met In Cleveland
At that time there were just three
chairs of commerce and banking IN
the universities of the United States
These men did not know where t.
turn for instructors. Bank officers freI
Quently volunteered to help themI
Those three hundred have grown intd
a study club of 1000 men and womeI
today. 1t is now called the Americad
Institute Of Banking. The Institute ID
composed of the officers of banks and
the clerks of banks. The line Of dol
marcation has vanished. They ard
professional associates.
What has been accomplished IN
banking-this linking together Of thd
interests Of all those who are GETTING
their livelihood from the same busiI
ness-will some day solve the problem
between capital and labor That is thd
only way we can hope to do 1t. People
deriving their income from one bust
ness must have common purpose, NOT
an antagonistic purpose. AS they comd
to be professional brethren in the
business. their troubles will be solved
The Bingham County news. [volume] (Blackfoot, Idaho) 1918-1930, 1923-04-20
CHAPTER XVIII
"AIPs WeIl-


"What," said Aimee, with a little
touch of scorn, "are you looking so
frightened about, George dear2'
"I'm n-not frightened" said Geor-
gina family. smoothing her white silk
sleeve with a tremulous hand and
glancing at the spray of orange-blos-
SONS on the boudoir table. I'm su-
premely happy. But-one ought to
feel little frightened, surely? Are
not your?
mot a bit"
Georgina regarded her cousin with
family shocked expression, that
changed slowly into a gaze of admi-
ration.
"How perfectly lovely you look,
Aimee!"
'Yes, don't l." returned Aimee sim
ply, inspecting herself in the long
mirror. isn't Billy luc5yl" She
suddenly encircled Georglna's waist
with her arm. I'm so glad you're
happy, George dear. Everybody's got
TO be happy today; even Aunt Erythea.
In half an hour you and Alexander
will stand at the altar. Don't tremble
like that. l and Billy will be close to
you Dad will marry all four of us
with splendid composure and dignity
There's nothing to be afraid Of Dad
is at his best In emergencies like that"
II do love dignity" said Georgina
gratefully.
Don't say nasty things to me on
my wedding day. You'n get all the
dignity you want When you emerge
The Bingham County news. [volume] (Blackfoot, Idaho) 1918-1930, 1923-04-20

looking at him judgingly, 81 include
you ~ my thanks"
.Mf Spencer bowed and passed out
quickly through the window. He was
holding the door of the car open when
Aimee and her father got in. He
snapped the door to, and, stepping to
the front, spoke in an undertone to the
chauffeur.
keep right away through the park
here to the north gates" said Billy
pointing, land drive like HI
The bishops chauffeur gave a slight
start, and let in the clutch.
.Billyw gasped Aimee, turning 10
ward him us the motor slid by.
Billy stood to attention and graveiy
The Bingham County news. [volume] (Blackfoot, Idaho) 1918-1930, 1923-04-20
K|DD|ES' SCHOOL !
SAVINGS CROW
Deposits Over Four Million DOL
lars In Few Months-Boys and
Girls Own Balances of
S14,0O0,OOO.

Savings Of pupils through school
savings banking systems in the
United States during the first part
ending January 81, Of the present
school year, totaled $4,426,OOO, accord.
ing to reports compiled by the Savings
Bank Division Of the American Bank.
ers Association. The total for the
school year will be over $1,000, 900 II
the deposits continue at this rate. a.
compared with five and :. half million
dollars for the previous school year.
The number of pupils reported as
participating in the school savings
systems on January 81 was 1,534148.
as compared with 1,271,O0O last wear
100000 the previous year and 462. 900
In the school year ending in 1920. In
schools which have savings banking
systems the proportion of enrolment
which participates is tending to In.
crease. Teachers and bankers who
interest themselves In the movement,
make every effort to obtain a place for
their systems on the honor roll pub.
ltshed semi-annually by the American
Bankers Association through it's Saw.
ings Bank Division
Savings Balances Double
The reported bank balances owned
by the pupils has more than doubled
already in the current school wear
January 81 showing $4,000, 900 asl
compared with s6.3S2 900 on June 80
1922, and SABA 900 on June 30. 1921
While the increased balances reflect
improvement in Industrial conditions.
it is probable that part of the increase
Is statistical, due to improved 40
counting methods
An important feature of school saw.
ings banking, on which 40 statistics
can be obtained, is the extent to which
the teachers are intoxicating thrift /,
money matters and the advantage OF
saving Systematically part of all. in
come This is the basic purpose OF
school savings banking, the collection
Of deposits being deemed as only an
item in the broad program of thrift
educa ton In the schools. The Ma
.ional Congress of Mothers and Par
Associations is on record
rs giving unqualified assistance to
The establishment Of thrift instruction
IS a regular part Of the curriculum
Of the schools g our country"
The Bingham County news. [volume] (Blackfoot, Idaho) 1918-1930, 1923-04-20

after the wedding breakfast, the car
rage with the two fat horses Will be
waiting for you; 1t will convey you to
the train, and then away for-where
did you say you were going"
"Closeminster," said Georgina rap
turously. Alexander is to be induct-
ed as assistant to the prebendary In
six weeks time. was so glad when
he suggested we should go at once
to the place where later his duties Will
lie. There, under the shadow of that
glorious old cathedral"
you'll spend an idyllic, sedate hon
eymoon," said Aimee. "How perfect,
dear Aren't you grateful to me? II
The Bingham County news. [volume] (Blackfoot, Idaho) 1918-1930, 1923-04-20

touched the peak Of his cap. He
watched the automobile disappear at
most unepiscopal pace down the back
drive.
When 1t was out Of sight, Billy
walked very slowly to his quarters over
the garage.
The Bingham County news. [volume] (Blackfoot, Idaho) 1918-1930, 1923-04-20
HOW THE GAP
Was BRIDGEI
BY J. II. PUELIcHER,
President the American Bankers Asss
citation.

W Q sometime
hear hopelessneA
expressed ov
the prospects o.
solving the prob
lem of the rela|
lions between emu
ployer and em|
ployee. In at leas|
one great business
the way has beer
found. The SAND
l~11 ann hi
The Washington times., 1923-09-01
new GOLF CLUB
UPON HISTORIC
GROUNDS
Winged Foot Course Built Over
Site Described BY
Author Cooper.

Heesian helmets. battered pieces
OF colonial currency. haunted
houses and a dozen other remind.
ers Of the good old days OF the
seventeenth century, when men
were men and Tories were out
OF luck. are woven in a fascinating
pattern through the fiber Of the
Winged Foot Golf Club, the new
Westchester country links organ
ization which celebrates the OPEN
ing Of two Grade A eighteen.hole
courses on the outskirts Of Mar
moneck. N. p. September Is.
Fenimore Cooper. whose entertain
ing historical novels have relayed
an intimate glimpse of those stir.
ring days to the present genera
ton, sat on his porch, a stones
throw from the first tee Of the
No. course, and drafted the out
lines of his lively stories.
According to legend. the present
clubhouse, now in progress Of con-
struction, was the scene Of joSial
little hanging party Of Revosu.
tionary vintage.
Atmosphere, in large luscious
punches, bedaubs the new club and
course plentifully.
However, we doubt II the Door
duffer who played 10 on his way to
the home green and has just asked
for his brassie will pause to ponder
on the historical setting Of the
courses. Rather, he will illuminate
that particular portion Of the land
0cApe with some choice oral mono.
logue that will make Hessians I'M
derneath the fairway blush with
envy. Hessians may have been
rough. crude citizens in their day,
but they couldn't qualify as junior
members In some Of our leading
clubs.
Governor Smith and Mayor HyIan
are expected to be among those
present on September Is when this
old nesting place of redcoats and
lonely Mohicans Is opened under
different guise.
Two hundred and eighty acres Of
the finest land In Westchester
county are comprised in the new
project laid out by A. W. Tillin-
ghast. who declares that the
Winged Foot Golf Club represents
~ finest problems in golf :hat
herica has to offer.