davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06
Previous Fund Limit Lavs i.
HaUe Failed, Clapper Says
Congressional Regulation OF Campaign Contri
buttons Always Has Had Sufficient Loop
holes, He Points Out

WASHINGTON, April The
evils of large campaign contributions
are widely recognized and admitted.
especially sinte the scandal inyestiga-
tions threw new light on the problem,
but the question of correcting these
by Legislation provekes wide differ
ences of opinion.
Legislation is now being drafted and
at least one measure win be introduced
shortly. by Senator Mcclellan Of Ten
nessee. This viii be followed by other
bills, and the. whole subject will fig
ure prominently in the coming cam
paign and win lead to serious con-
sideration of regulatory action m the
next session of Congress
Would Make $500 The Limit
McHellar's bill viii seek to-:
limit expenses. of presidential
2-Limit individual contributions to
$500 each.
3-Limit the amount WHICH political
parties may borrow from banks.
i 4-Prohibit contributors from &C
fcepting offices.
.fs5--Prehibit officeholders from con-
tributing to party funds.
The problem is approached from a
different angle b. William j. Bryan,
who IS advocating law which. would
finance campaigns out of the public
treasury: Theodore Roosevelt urged
such measure in his message to Con-
gress in December, 1907. Bryan
would allow each party 10 cents. per
voter. -
This experiment was tiled out in
Colorado is years ago, when a-law was
passed allowing each party 25 cents
per voter, to be divided equally be-
teen the state and county oreaniza-
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06
DRY GOODS MARKET
SOMEWHAT -FTRMER
Sales, However, Still OF Very
Moderate Character

: NEW YORK. April 5.--A firmer
cotton market led to somewhat
steadier price condition in print cloth
and sheeting lines but sales have been
LOT very moderate character. There
have been slight increase in the
interest shown in goods for, future de-
livery and agents are now hopeful that
the worst of the long quiet is at
hand. Prices have declined to such
low levels that curtailment of produc-
lion has extended greatly in eastern
and southern mills. Some estimates
now indicate an average idleness of %
per cent of the producing capacity Of
all cotton mills. The reduction of 9
cents a yard in percales and 2 cents a
yard in tickings has not stirred up
much new business. Ginghams show
a. little Improvement in demand.
Bleached cottons are dull and wide
sheetings, sheets, and pillow cases have
not been active. Wash fabrics are
quiet with the principal buying noted
in erepes, ratinesN and novelties. Prices
on, cotton and silk goods in first hands
have declined steadily. Novelties in bed
spreads have sold well, artificial silk
mixtures being in the best demand.
Some new lines of fancy prints and
draperies are selling in moderate
quantities. Yarns have continued quiet
and knit goods outside, of few spe-
cialties and highly colored hosiery have
ruled quiet with lower price. tendency
Prices current in first hands are as
follows:
Print cloths. 2S-inch 64xCi4s. &c;
84x60s, G%c: 3S1s-inch G4x64s. 91tc :
brown sheeting, southern standards,
15Hc and 16c; ticlings, S>oz., 26c:
rdcnims, ZOOS, 2415e; prints. 90 c /;
staple Ginghams, 15c; dress ginghams,
1S12c and Gle
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06
MOST OF MARKETS
SEEK HIGHER LEVEL
Stocks Recover Due To Correc-
ton OF Oversold Condition

NEW YORK, April 5.-Stock. bond
and commodity prices sought higher
levels in this weeks markets. For
eign exchanges developed pronounced
strength in expectation of a favorable
reaction to the Dawes report, which will
be made public over the weekend.
Time money and commercial paper rates
were relative easy, but call funds stiff
fened when an active demand developed
for weekend money.
The recovery in stock prices generally
was described as the correction of an
oeFrsold, position, although so-called
fresh buying developed in the rail and
oil shares, which gave the best demon
STATIONS of group strength. Buying of
the railroad liens also overshadowed
other developments in the bond market.
The further rise in the French franc
which crossed cents for the first time
this year, was the feature of the for
eign exchange market. Belgian francs
recorded sensational rally on reports
that a \ credit was being arranged for
that country, similar to the one granted
France, and the Scandinavian rates i'm
proved on the resumption of gold pay
ments by Sweden. Other European
currencies were strong.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06
UTILITY ISSUES
SHOWsSTRENGTH
Lehigh Jumps From AS IL
To so During Past
Week

NEW YORK, April 5.--The most
important feature Of the market on the
New York curb the past week was the
suddenly developed activity and
strength in "a number Of the public
utility Issues, Lehieh Valley Power
securities being a. special feature and
advancing from 4s1a 10 60. American
Power and Light rose 81 points to, 236.
and there was vigorous buying of a
number of other issues in this group
including American Light and Trac-
ton and Commonwealth Power.
Glen Alden Coal also came into
prominence, selling above 92,4a gain
OF over five points for the week and
anew high record. The directors meet
In the first half of May for dividend
action and the belief prevailed; that
the present buying is in anticipation of
another increase, which has been made
larger each dividend date, from the
time the first distribution was. made
There was a development of strength
In British American Tobacco which
rose about one point ON local buying
The changed conditions in the petro-
leum' industry met a belated response
in activity and strength in that group.
Heavy buying first. appeared in the
South American issues, international
Petroleum being permanent and there
was also a sharp advance in Lago Oil.
Prairie Oil advanced over, 10 points
prior to the publication of the balance
sheet. Standard Oil of Nebraska made
the greatest gain advancing ii points
to above 240. ~
Gains of about five points was made
In Standard Oil of Kansas and six
points in Swan and Finch. Mining
stocks also, became active during the
week s-s-s3sfas-. 49, p
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06

TONS But the measure was declared
unconstitutional before it could be
given q real test.
:. Several attempts have been made
20 deal with the problem by Congress.
but all have been VIGOROUSLY inef-
feetlye-- The corruption laws now on
the books are 80 loosely drawn that
they have been generally ignored.
Contributions by corporations were
prohibited by federal law in 1907, but
the active heads of corporations con-
unue to make huge gifts in their own
names. az for instance the 100000
which E. III. Doheny gave to the demo-
Gratis and republicans in 1920 and the
$4,000 which Harry +. Sinclair gave
toward wiping out the :. republican
deficit after the 1920 campaign.
80 Laws Apparently Ignored
Congress acted to limit the. expendi-
lures OF its own members in 1911 by
fixing $4,000 as the maximum for
senators and 5000 for members of
the House. But this law was SO drawn
that 1t does not cover personal ex-
penses. printing and distribution of
material In fact, large expenditures
can be made legally despite the ap-
parent restrictions
Section lis of the criminal code ex-
pressly forbi8s officials to receive
campaign contributions from any civil
emplcye of the federal government,
but this law is quite generally ignored.
Other laws exist relating to publicity
for campaign contributions and pre-
yention of corrupt practices. but they
have been singularly ineffective. Both
parties are equally fragrant in their
disregard for such restrictions and, as
II BY common consent, there has been
no serious attempt made to enforce
these measures
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06
STOCK LETTERS

NEW YORK, April s.--Today,s stock
market was Irregular with few material
changes. although there was considerable
activity, There were q number of strong
features, among them Norfolk and West
ern, which sold at 1s0, an advance OF
more than points, Early Ratification
OF the lease to the Fennsylvaniai railroad
10 predicted and higher prices are still
looked for. New Orleans. Texas and Mex
leo Is another one in which there Is per-
sistent accumulation. American Agricul-
turaf Chemical issues again developed
weakness. The oils we're the most active
In the early part of the session advance
ing sharply. but in most instances sold
off from the high points ON profit tax
ing over the week-ends--Fenner a. Became
to Kahn 4 Virgin.
NEW YORK. April 5--The market has
oeen more active today but its action
has been. decidedly, inconcinsiyes To be
sure. IL is g. Saturday but the short fn-
terest is not even apparently, consider
should, have an advances in the active
stocks of from eight to fifteen points or
something around this. Up. to now, the
bears, are sellers of stocks whenever the
market shows a. disposition to rally ana
there is not enough Incentive in the news
tas' IT comes To hand TO ffightAf them
and makes them start real covering
movement. This Isl one OF those times
where the short interest Is very inlpor-
tant factor and worth Watching as like.
ly2to give the Initiative to the next uD-
non &,sCo. go /. " {
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06
WALL STREET BRIEFS


brighter outlook for tax revision.
good railroad reports and the potential
value Of the Dawes report today were
considered in Wall street as leading fac
tors for consideration in stock market
commitments
That the covering movement of the
past week may prove to be- no more than
temporary adjustment. effected by
stressng the strong technical position
through oversold condition, was the
suggestion of bankers who closely watch
the tape and trade conditions for their
opinions. But none were willing to at
tempt a prediction as to how extensive
the movement might prove be. although
judging from the daily transa ctions, the
short account had not been heavily re-
duced when measures against the rather
common estimate of two million shares
its probable volume
In trying TO anticipate the effective7.
ness OF the Dawes report, assuming its 4
acceptance by all concerned, commission
houses still were trying to create inter-
est in the copper group but with indif-
ferent success.
To those who have been persistently
calling attAntion to the railroad stocks
the past week was a particularly pleasing
prominently in the forward price trend
There was dividend talk to account for
some OF the interest there in developed
but good earnings and encouraging
traffic outlook also were seriously consid-
cred.
was the general understanding in
the financial district that the forthcom-
ing Week would witness the selection Of
a successor to the late A. H. Smith. as
president of the New York Central sys-
he raj
roads executive family seemed to be o.
majority opinion although to identity
1t still was a matter of conjecture. But
it was more with policy than personality
that the street was most concerned as 1t
was realized that Mr.. Smith had some
most ambitious plans for the expansion
Of the New York Central into an eastern
Rail Empire"
Julius Rosenwaid, president of Sears.
Roebuck g. Co., said on his departure for g
Europe today that business prospects were
very good and sales We're expected TO
increase 10 per cent over last year 1--WE 5
have not discussed any dividend policy
as yet" he added. but we will pay a
diyidnd when the proper time comes" g
Continued demand for cast iron pips
is shown in liberal bookings by munici-
palities and private interests in various
sections. The United States Cast Iron
i.5Oo tons for Cleveland 500 tons for g
Minneapolis and large order of special
Ilttlngs Tor milwaukee National Cast
iron Pipe received q contract for 100
tons Tor Springfield. Illinois. and zoo tons
for Arkansas City, Ark.
:.
A sharp rally in sterling, which moved
up at one time almost cents restored
leadership Of the foreign exchange mar
ket to the British pound today Heavy
buying orders, attributed to condolences
In the forthcoming Dawes report, and
slackening of the demand for dollar.
credits for the next debt payment, sent
n az
reacted about a cent at the close. Other
European currencies were firm. "a
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06
PLACE BAN ON SALT
Physicians Say Excessive Use Tends
To Malignancy In Diseases

Physicians Say Excessive Use Tends
TO Malignancy In Diseases
And now the doctors are telling us
not to pickle our insides with salt.
They gay that civilization is suffering
from too much sodium chloride in its
soup. Observation has given rise to the
medical idea that tendency to malig-
nancy in certain diseases is traceable
to excessive seasoning in the food, says
the New York Sun and Globe. -.
Patients who have made an honest
to-goodness effort TO sut salt out of
their eats report that although the lack
of it seems grievous for n few days,
things begin to taste better afterward,
and agreeable flayors assert themselves
which were absent in the same articles
of food when lavishly seasoned.
Moreover, tits set forth that by cut
ting out salt the fat man can reduce
his weight without the anguish of a
daily dozen. The idea seems to be that
the excessive seasoning of food tiekles
the palate and makes us eat more than
we need. Any one who embarks on a
saltless dinner will quickly acknowl-
edge that on such regimen he would
have no trouble in training down. to his
fighting weight. - -. 4.s
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06
DECIDED UPTURN
IN GRAIN PRICES
May Corn May Reach $1.OO, Is
Current Talk

CHICAGO, April 5.-With receipts
of corn shrinking to almost nothing
and with talk current that May deliv-
cry of corn might yet command 81 q
bushel, all grain has made decided
upturn in price this week. Compared
with week ago. the corn market this
morning was 25s @2A TO 3ss higher,
with wheat I to L IS up, and oats show
ing q to 1ss@1% advance. In pro-
visions. the weeks net changes varied
from f0c higher to Zoe gain.
Preceding the rise in grain values,
something of a furry among traders
was brought about by announcement
that the government representative on
the board of trade had called attention
eorn--a charge that the corn market
had been manipulated, and iunduly
forced downward. General evening up
of accounts by dealers who had been
engaged on the bear side took place,
and with corn of firings light, advances
in price quickly ensued:
Expectanee that the movement Of
corn and other grain. as well. would
be greatly curtailed for at least sew
eral weeks during the rush of field
work on farms, did good deal to add
impetus to the upward swing of the
corn market. 1t was said, too, that
considerable corn had been put under
charter for shipment at the opening Of
lake navigation.
Decreases of the domestic visible sup
ply of wheat and likewise of corn and
oats, aided the ,Apturn Of grain values.
Mill withdrawals of wheat in store here
counted also as a stimulus. Besides,
delayed seeding of oats received much
attention.
Notwithstanding increased stocks of
lard here, provisions averaged higher
with grain.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06

=, -, = -
pollcy TO TAX. Ihere was nothing to
prevent people kidding one another.
Say, what about that diamond ring
o yours, you've been Dragging so much
about" ! heard one young fellow jibe
another, well, you told me it was
worth $500, and it amt nothin' O. the
sort. Here's your own figures and it's
worth just $25."
But look at that hunting outfit o.
yourn," the other fellow replied. That
fine dog, your gun-why, the whole out.
fit comes to only $25. Right there's
your own figures" -.
What do, YOU suppose bannenad !.
year or so later?"
III. oot,si
crasssd 4, A. rer;ns VI prpperV IN u,
to 30 per cent, notw;tbstsnd;n, tba. (.
was between years when evarrth;ns
was supposed to he going down This
simply meant that the honest man had
ceased to be penalized for being honest
in turn;ny in his nronertv e -'"e' -
There's one more cbapter to o,r
story. -
Handling M Rridses
,+;ooa a. -.
fort;,,,o+e ona, ~ soq ina. we were UNI
vora oIo,,dh,,ust 1000
,r;,,a1 ~. 'Ss., mon hau
co rp i seore uruses IN our
s;stancs -, ra,,i a..r:ant ~ "aue m
s;onars III III .spiaeemene the commits
new bridges. Here. is w6ere We so1sd
around 100000 and since have canssJ
other counties to scrutinize mattars of
this sort more carefully
Aft.r TIC h,;d.o oost..
lot and tba br;dnas 80, $3.50. 80; hau peen
,r;os frar,,S,,t si1o;s seins III, tnefe
ronts On Itha cn,trants "a wal y.
snrJs ~, ha..d rassJ G., 1888 VI
wara netr-aI,1 ,.r aa Susse warran am !
;ntarest Ena,in 49, ~ psr eenl
70 -, 80 .,.o.s. 20 4, 100 nSn amounls gre"
Son 70 ct : i;tti. o 1870 anu peopie oe'
. ala lneu.
appeared that there were no def
more records available which showed
Just now tnings stood. Some of the
~ - oi'ies anu taApayers began 70
cnrod q" "oeoun''ns inisne oe Sc
>, Nhen the farm bureau took hold OF
tne matter there had been rather
sen5atlse settiement on W completed
bridges, on which the total. cost ap-
Sc D0G % k,J hao, ,,.J. r.s 49,
anonnt .rd a@u .v uesn . .ts ron thIs
sIn1 ooo ;ssnnd d Inos; " 'ne pmount %
500 Ell * nnns;a = uaiance %
br;Joes p'u vi 'ueSe palticuiar
rs ~.
n;ttae 20 1e Dt tas appointeq a com
.ha 49, ~ anpasels 20 lnvestlgate
dana rtr,o,,t esneel s rom tne state
deps 49, 49, ia on se bu;Sa During i've
Bolts. washers and If might avan he
said spikes and nails were conrtsd
Then fhe charges made hy az hr;Jnn
COMPANY we're carefully checLad r.
some cases where tbe Iridoe con,n.nr
appeared to have chargad too i;+tIa
something was added hnt in n,os+ nssas
deductions; aTceeded what was oSdsd h.,
81. 665. 10. Rear in mind that NE Crer ~
not f;rd;nr .rv fa,,1t ..;.k a. 49,
but only with the cost. The bridge com.
pany agreed to this reduction. 4
A LITTLE later NC d;.covarod st.+o
ments for On ;nconnlste hr;aaas W.
went +hro,oS thosa ;n ,+hD $50 we
and bere ne roaJe 49, .oSsnt;o "as ~
Ss1o5 147 Tho Lr;Sra Ae ao. n1uuu.ion u
nromntiv ayr1sd ~ v;np III ml
Suctip, ~ 'AiS re
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06
RAIN MARKET

CHICAGO. April S.--Grains aseraxed
higher today and wheat showed relative
ly greater strength than corn A good
portion Of the wheat news was construed
Is fayo,able After the close yesterday
u was learned that the highev tariff on
wheat would be made effective at mid
night tonight instead Of Monday as had
pesn expected. For sometime there has
the tariff increase our market might be
able 20 better respond to any IMPROVE
ment In the milling demand
Corn: Yesterdays advance in corn had
ended when 1t appeared that the cash
tsnsion was easing. Today there were
further evidences that the demand was
rot broad enough to>absorb any material
increase in offerings, Nebraska farmers
were SAID to be selling uite+liberaily in
me bulge. Cash market was easier rel
|atlyeiy to futures. AS we see IL, indica-
tions Of sustained advances are lackinT-
H. B. Beer to'J. F. willinsham Co
HORSES AND MULES.
EAST ST, LOUIS. Ill.,. April B.-Horses
4And mules steady. Quotations unchanoesIy
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06

me $4,000 That is the eternal con-
f'versatiOn to which I listened along three
thousand miles of railroad going out and
three thousand coming back.
let these very men, many of them
OF q simple idealism, are keenly inter
ested in Europe. They will listen TO
me by the hour and encourage me to 20
on when tell them about LLOYD George.
or Winston Churchill, or the League of
Nations But everything l saw they are
apt to link up with money in one form
or other. Yet their comments are
shrewd enough, sometimes disconcert-
insly frank
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06

'AIembefs New York Cotton ExchanrA.
ENew Orleans Cotton Exchange, New
York Produce Exchange, Associated
Members Liverpool Cation Aasoclation.
'Drdess solicited for the purchase and
BALE Of Cotton, and Cotton seed on Tor
Future delivery. Special eonsignmsnt6 Of
ppOt cotton for delivery.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06
MONEY IN GRAIN

$3.50 buys guarantee option on 10000
bushels OF wheat or corn. No Further Risk.
A movement OF &C from option price gives
Sc, $500. etc. WRITE TODAY FOR PAR
TICULARS and FREE MARKET LET
TER.
Investors Daily Guide, S. W. Branch,
Dept. TIA.
1915 Baltimore Ave, Kansas City, Mo.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06
VICTOR BRENNER DIES

VICTOR BRENNER DIES
NEW YORK, April 5.-yictor David
Bremen. sculptor and medalist, design
err of the Lincoln cent, died here today
after a long illness.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-06
HUBBARD BROS. e ca

EAST ST, LOUIS. H.. April 5.-Horses
and mules steady. Quotations unchanged;
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-12-05

In Canada, the girls have taken up
bicycle racing and as a track sport It
has become exceedingly popular,
Races have been held at Toronto,
ottawa, London and Winnipeg. and
the public has responded generously
Long.dlstnnco "biking" also is com
ing TO the front rapidly.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-12-05
PETS DYED TO
MATCH GOWN
Watch Out for Pink Puppies,
Ell Cetera, Here Soon

CHICAGO Dec. Don't blame II
on synthetic sin n In tho near future
sou SEC n shamrock green poodle
p.sfinE out tho window of roms
stately limousine bowling along the
mail.
a fkyhluo chow fr1iickIHE on n
leash b~sido fashionable mnirou
needed no, make sou thlak you have
lhr hrSberErrbreH
A crimson King Charles nesting Ia
a d1wBgrr.s arms viii not DO proof
that you arr going uutty,
Such hystcrical sights may BE- OK.
prciri soon on American bonlryards.
according TO a beauty specialist TO.
Gently returned from abroad
Fashion across the pond. the cr-
pert said has the dellrium ttcmeur.
a society woman In Paris gayest rct
was recently hern in the Champs
Ulysses leading a Kaliy colorrd poodle
by leash The poodle. which matched
her frock In color. naturally created
"a sensation, Tho next day madamol.
nrlIc appeared with her Persian cat
tinted the Same color AZ tho uphol-
story % her limousine. her great
furry pct certainly the last word Ia
feline FpItudor. Now all the women
OF tho French capital arc following
hor example. and dysinE pets 10 har.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-12-05

Government figures on the produc'
tion OF bicycles show that in 1898
there were 4S0,077 bicycles manufao
tured valued at sl0,5640is.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-12-05

The favorits drink Of the Inpland.
crs il smoked snow water
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-12-05

1t seems practically assured that,
at no far.dIstont date the bicycle
rider will come into his own. There
is strong agitation in many parts
of the country for revival OF the
bicycle paths that once made bl.
cycling safe, hcalthful and fasci.
mating recreation.
With the production Of bicycles
reaching around the half million
mark annually many prominent
newspapers are taking up the cud.
gels on behalf OF the bicycle riders
and paths and safety riding zones
arc being advocated. Chicago and
st. Louis In particular have been
very active in offceting relief, and
other cities are falling into limo.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-12-05
Germans Not Used
to Sound Currency

WASHINGTON, Dec 5.=Ths Ger
man public. accustomed 60 the
bloated currency Of tho paper mark.
has not rcadJustsd Itself 20 the sound
values of the new currency. Asa re-
suit, American Trade Commissioner
Douglas Miller reports 10 the depart
meut OF commerce. the average pur.
chaser pays far beyond tho fair value
% most everything he buys in Ger.
many today.
Vivid rccollectiona Of wartime
difficulties IN the procurement Of
staple commodities" Miller states.
'still liuErr IN tho German mind ana
amply account Tor the attitude which
retail houses can assume toward
their clientele"
The favorite drink Of the Lnpland.
rra IN smoked snow water.