davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1924-03-12
AIR MONOPOLY
CHARGE IS
DENIED

Denial that the American Tele-
phone and Telegraph Company plans
to monopolize the air was made BY
E. S. Wilson, vice president of the
company, and William f. Hardness,
assistant vice president and manager
of Station WEAF, at a hearing on
the White radio bill before the
House Committee on Merchant Ma
rine and Fisheries today
Both Of the officials declared they
supported the White bill with a few
minor changes.
Mr.. Hardness declared that Sta.
ton WEAF had lost money through
its operation last year. 1t required
$250,000, he said. to furnish the
broadcast programs from that sta.
ton. Less than half of this amount,
he said, was received in payment for
the broadcasting service.
He further declared that the policy
of the station Is not to favor any
party or individual, but to allow
everyone equal opportunity to use
the WEAF microphone.
Although the rates charged ny
the station are not definitely fixed,
he said, the 6 age rate is 800
AOL lCH AAhuLcS dIIu @4UV lOr an
hour.
Upon being questioned by Con.
gresham Briggs Of Texas, Mr..
Hardness declared he could not
calculate how much of the broad
casting program is paid for.
Revenue from license fees of
other broadcasting stations, he re.
piled In answer to a question of
Mr.. Briggs, would bring the return
of the broadcasting station to a
greater figure than $125,00O.
Mr.. Hardness replied in answer
to another question that the Amer.
lean Telephone and Telegraph Com.
pany owns 80 per cent of the stool,
of the Western Electric Companv
The stimulus given to radio bv
the WEAF program, he admitted.
helped the business of the Western
Electric Company.
Mr.. Hardness declared that the
company at present does not hold
any stock in the Radio Corporation
of America. The 100000 shares of
preferred stock in that company
held on December 81, 1922. has
been sold, he, declared.
The hearing recessed at noon. It
will be resumed again this after.
noon when officials Of the citv of
New York will be given an oppor.
tunity to reply to the testimony of
the telephone company officials.
Congressman White Of MainA A
presiding at the hearings.
The Washington times., 1924-03-12
Commodity Market News,
BY Cosmopolitan News Service.

NEW YORK, March 12.-Steel in
got production by the United States
this week establishes a new high
record for nearly eight months
operations. The present operating
rate Is SO per cent Of capacity,
against 81 per cent at the end Of
February. Independent companies
are not running so high. although
in the Youngstown and Pittsburgh
districts some have not relinguished
the 100 per cent operating rate in
augurated last year; others have
fallen to as low as SO per cent.
Large consumers of steel products
have not placed their orders for
third quarter delivery. There is no
indication that prices will go high.
CT, and hence consumers feel iusti-
fled in holding off purchases. They
realize also that production is in
creasing, and that foreign iron can
be drawn upon should the market
become crowded.
A slight increase in the foreign
demand for copper, together with
the smaller production resulting
from the one-day-a-week shutdown
of number Of the copper mines,
is reflected in slightly firmer
market for the red metal. British
dealers are bidding for tonnage in
New York, but are reluctant to
follow prices above the accent
level. German buying is excellent,
but weakness Of franc exchange Ia
handicapping metal trade with
France. Sufficient copper Is still
available to satisfy demand at IL
The mild famine in spot tin con.
tinues and buyers are compelled to
pay top prices for prompt delivery.
The shortage is due to the delayed
arrivals, lauge consumption earlier
in the year and competition for
available supplies with European
consumers.
The Washington times., 1924-03-12
Chicago Grain Market.

CHICAGO, March IL. - Grains
opened with an irregular tone to-
day.
Wheat started Il cent higher to
4 cent lower. Trade mostly be-
tween locals. Some indications of
further liquidation and market tone
is weak.
Corn started steady to h.cent
higher, but met with local selling
inspired by the weakness in wheat.
Volume of business is light.
Oats started unchanged to 1s!cent
lower. Trade. small and featureless.
Provisions started lower for lard,
with buying support weak.
Opening prices were:
Wheat-May, $1.O9A oh, July,
$1.O9% Clio; September, 81. 1O% OF.
Corn-May, SIN @ Sac; July, S1%c c:
September, STAG.
Oats-May, 47b@hc; July, 457sc,
September 42&c.
Rye-May, Tic; July, 72sd.
The Washington times., 1924-03-12

Short Term Securities.
FURNISHED by w. B. Hihbs & Coz
The Washington times., 1924-03-12

Local Stocks.
SALES.

SALES
Potomac Electric Cons. 5s, 10000
81, 2,000@97, 3,O00@97, 5,00O197.
5,000@97, 15,000097.
Capital Traction Co., 1095%
4@96.
d. G. Paper 6s. 1,OOO0S5.
National M. & Inv. pfd.. 5000,
5000. 5000.
AFTER CALL.
Washington Gas 6s, '33, $1,000
10Oss, $50O010O3s, $1OO01O0&.
Washington Railway and Electric
pfd.. 1O07SK, 1O073%, 1OQ7S%,
1O@73%.
MONEY-Call loans, sos per cent.
The Washington times., 1924-03-12
BONDS ARE AUTHORIZED
FOR CHICAGO STATION

The Interstate Commerce Com.
mission has authorized the Chi.
cago Union Station Company to is
sue and sell 100000 Of first mort.
gage 5 per cent bonds and to sell
$S5O,O0O of first mortgage Az per
cent bonds previously issued.
The proceeds from the sale of
these bonds will be used for con.
struct1on purposes. At the same
Tune the commission authorized the
various railroads using the station
to guarantee the bonds.
The Washington times., 1924-03-12
RAIL ST D CkS
LEAD EARLY
TRADING
Southern Railway and Norfolk
and Western Establish
/ New High Marks.
BY Ell. j. DUIZEND.
copyright, 1924, by Cosmopolitan
News SerViceN

"
News Service.)
NEW YORK, March 12.-Reyival
OF buying Of railroad shares, espe-
cially the medium and low priced
class, was the outstanding feature
in the first two hours trading on
the stock exchange today. The
chief stimulus was furnished by
the publication of car loading
figures for the week ended March
/, showing the largest freight move.
ment for this year to date and sur
passing former records of any cor
responding week in previous years.
Buying of Southern Railway was
or the best sort, coming according
TO reports, from sources close to
the management. The stock reached
a brand new high at 51A, the
move being based on information
that directors at tomOrrow's meet
ing will inaugurate quarterly divi-
dends of $1.25.
Ihere was persistent strength in
Norfolk and Western, which reached
q new high above 121. Rumors
were current that the leasing of the
road to the Pennsylvania would be
preceded by the declaration of a
stock dividend probably ranging
between 10 and 20 per cent.
Trading in the general list was
still hampered by crippled wire
service, due to severe storms which
swept the Atlantic coast during the
last forty-eight hours. The under
tone was firm but fluctuations,
with the exception of handful of
highly speculative stocks, were un-
important. The strong rally in the
franc to well above the Accent level
in response to confirmation of the
report that a credit had been es-
tablished in London for the support
of the French currency induced
some additional short covering, but
outside participation was again con-
spicuous by its absence.
Loose Wiles, F'leischmann, Otis
Elevator, International Paper, Corn
Products, Mack Truck and Cast
Iron Pipe were prominent in the
specialties. American Sugar rallied
following publication of the annual
report, which showed earnings
equal to $11.92 share against
$12.O1 in 1929. The large losses
sustained in the process of refining
sugar were to some extent offset
by the profitable sale of some Of
the company's investments.
Standard groups, like steels, cop
pers, motors, equipments and oils
fluctuated around the previous
closing.
Call money renewed at Az per
cent.
The Washington times., 1924-03-12
ARMISTICE DECLARED in
HONDURAN REVOLUTION

A temporary arnistice has been
arranged between lcpel and federal
forces in Honduras, where United
States warships are standing by, the
State Department was advised to.
day.
The armistice was arranged by
members of the diplomatic corps at
Tegucigalapa. The Dictatorship has
been abolished by the Honduran
cabinet and the government In now
left without responsible head.
The Washington times., 1924-03-12
New York Cotton Market.

NEW YORK, March IA firm
tone was noted at the opening of
the cotton market today, options
advancing from to Is points.
Liverpool cables were generally
higher, reflecting the further i'm.
provement in the foreign exchanges.
March opened at 28.7O, up II
points; May at $3.50, up points:
July at $3.50, up points; October
at 1913, up 10 points, and De-
cember at 25.43, up Is points.
The Washington times., 1924-03-12
Curb Stocks.

FURNISHED by w. b. Hibbs & CO..
The Washington times., 1924-03-12
Oil Stocks.

FURNISHED by w. b. Hibbs & Coz
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-25
.AMAS HOT SPRINGS

JOne OF the few natural hot mud baths
in the world. Unexcelled for the treat
ment Of rheumatism, skin diseases, and
stomach trouble. Standard swimming pool
IS Z 10. Sanitary bath houses with sweat
rooms. Modern hotel. Apartment houses
furnished. Furnished cabins, and Free
shady camp ground with wood, free from
Mosquitoes. Write for particulars and re-
servations. Secretary
HOT SPRINGS DEVELOPMENT ASSN.
Hot Springs, Montana
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-25
JAMES STUART, POSSESSING "A REMARKABLE
PERSONALITY, AND AMATWRAl LEADER, PLAYED
Am IMPORTANT PART lM MgM TAMA S PIONEERING

Hauser, as already stated, became
governor of Montana, and the 9th
er, George Ives, was the first road
agent hanged by the Vigilantes.
Another company, in which we're
Wlillanm Fairweather and Henry
Edgar, planned to join the Stuart
party at the mouth of the Stink
ing Water river, but having been
delayed did not reach that place
until 1t was too late. Greatly disap-
pointed the company started back
to Bannack, and on the way discov-
cred gold in Alder gulch, which dis
covery caused the famous stampede
that year to Virginia City and its
environs.
The Stuart party found little
gold, but had plenty of thrilling ex-
periences, and would have I'M
d~oubetedly been massacred by In
dams had it not been for James
Stuart's courage, and presence of
mind. When they were near the
Yellowstone, they found the Crows,
generally supposed to be friendly
to the whites, quite the contrary so
Tar as they were concerned. 1t was
necessary to be constantly on guard
to keep not alone the horses, but
any of their possessions they did
not wear, from being stolen.
Of this Stuart notes in his jour
nal: "And such an old nights
sleep as we had. Every few min
utes somebody would have to rush
out of the tent and capture some
thing the Indians would steal out
from under the tents in spite of the
and this, too, when it was
moonlight all night. One
thing is certain, they al discount
all the thieves I ever saw or heard
Of; in short, they have to be seen to
their superiority over all
other thieves, either white, red or
black, in the world. They would
steal the world-renowned Arabs
poor in a single hour"
At n camp the Indians would
not permit the men to bride their
horses, and a fight was only pre-
vented by Stuart's prompt action.
warned his men to await
lis orders. he watched Until the
thief, had wandered away from his
warriors. Then with the warning
about to his men look out!" his
oaded rifle was at the breast of
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-25

a light transparent veil is still worn
extending from below the nose.
The ban on the public appear
ance of women has retarded the de-
velopment of the Arab drama, and it
is the hope of the feminists that the
admittance of Moslem women to the
theatrical stage will follow the re-
moval of the veil.
Arab women of Palestine are keen
not only on social emancipation, but
on participation in politics.
"Take us out of our insulting Sc
clusion and remove from our faces
the offensive black cloth, give us our
opportunity as free members OF a
free people, granting us the right to
fight with you for our national
IDEALS" says in part an appeal ap-
pearing recently in an Arab language
newspaper in Haifa. "Then we shall
in gratitude sacrifice our jewels, de-
.livering up u gold and precious
stones for the establishment of the
Arab national bank"
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-25

and three others attempted to cross
the divide, but were unable to dc
so on account of the deep snow
Food growing scarce they were
Obliged to return to Deer Lodge
where there was plenty of game
Here the party prospected on Ben
etsee creek. meeting with fair sue
cess. until fear that Indians would
steal all their horses, led them to &c
to a place in the mountains where
is now the town of Phillipsburg
there they built a sufficiently
strong corral to withstand the at
tacks of the Indians.
In June, James, his brother and
two others started for Fort Bridg-
er. The rivers being high, they
were forced to raft across the Snake
and Big Hole. Reaching Fort
Bridger shortly after their supply
of dried meat was exhausted, they
stayed there a couple of weeks, and
then went to Camp Floyd, south
of Salt Lake, where they sold
horses to the soldiers.
After several years spent in trad
ing with emigrants, James and
Granville again returned to Deer
Lodge and engaged in mining.
This was in 1861. Among those
who came to Gold Creek in 1862,
were !. M. Bozeman, after whom
the city of Bozeman was named,
Samuel T.. Hauser, later governor
IF Montana, and w. B. Dance,
AT an election held in July,
1862, "the first election" states !
Granville Stuart, 'held in the
mountains north of Color
ldo," James Stuart was elected the
of Missoula county, which
hen comprised Missoula, and that
portion of Deer Lodge county west
# the divide.
During his term of office the new
heriff did effective service. He
a Frenchman, who had
tolen some horses, to the mouth
# the Prickly Pear canyon; ar
ested him. The man having been
ound guilty by the miners court,
consideration of his age, was not
ung, but ordered out of the coun-
~ after he had returned the
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-25

Montana will establish itself
this year even more firmly rs the
producer of the worlds best wheat.
Already a determining factor in
fixing the price of the top grade,
the state this fall is sending out
to the world a product hat grades
considerably above the crop of
1928. 1t was estimated recently
at the office Of G. lei. Moran, state
grain inspector, that Montana's
wheat crop will average 1 percent
above that of last year in protein
content.
Spring wheat graded by Inspector
Moran ranges in protein content from
1919 to 1917 per cent, both of these
figures being extremes for the high
and low and not representative of the
average crop. The correct figure
will be approximately mid-distant
between these extremes and from
the run of the grain now going
through the inspectors office, MI
Moran estimates that when the bal
ance is struck at the end OF the
season the average will be a full
point above the 1928 mark. The
quality of winter wheat will be cor
respondingly high.
Testing for the protein content has
been carried in at the Great Falls in
spector's office during the last year,
following the installation of special
equipment for the work. The volume
of wheat handled this year is show
ing a pronounced increase over form
er seasons, Inspector Moran stated.
Nine hundred cars have been tested
thus far, in addition to the package
samples that are sent in.
With the threshing of the 1924
crop well advanced, estimates by
grain men on the states total yield
conform closely to the figures COM
piled earlier in the season. Unof-
ficial estimates of the yield in north
eastern Montana are running some
what higher than before harvest, and
if these are borne out by the final
figures it is regarded as probable
that the states crop will run sub
s%tantially above the pre-harvest est1-
mate.
Individual yields running up to
so bushels an acre are being reported
to Great Falls grain men from the
Highwood and other of the main {
wheat districts, with 80 bushels rep {
-esenting the minimum yield, with {
few exceptions. The Judith Basin, s
Is usual, is recording a large number :
# huge acre yields and northeastern l
dontana is ranking high. The terri |
ory between Great Falls and Belt {
md the Conrad, Dutton and neigh
sections are maintaining high '
.verages. =
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-25

horses; and because of his poverty
fifteen dollars and provisions were
given him to expedite his going.
The next arrest had a more trag-
ic ending. Again it was for horse
stealing. Two men were taken
prisoners and a third shot while at
tempting to resist arrest. One of
the prisoners was acquitted, but
banished, and the other, having
been found guilty was hanged.
Granville Stuart says, "This was
the first execution in what is now
Montana and it gave the name of
"Hangtown" to the town of Am
erican Fork.
When rich gold discoveries were
reported at Bannack, the Stuart
brothers left Gold Creek for the
new mines. They did not engage
in mining, however, but opened a
barber shop.
In the spring of 1868 a party
was organized by James Stuart to
explore and prospect the Yellow
stone country. 1t consisted of fiji
teen men. The names Of two of
these will ever be associated with
that of Montana, but for quite diff
ferent~ reasons. One of them, S. T..
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-25
Fortunes in Oil!

buys royalty files the deed for record and he OWNS it
as he owns real estate. The royalty deed is a part of the
abstract to title. None can deprice the royalty investor
of his holdings. The law safeguards him. Whenever
any oil is taken from the ground and marketed the
royalty owner-just as the landowner-GETS HIS
SHARE.
at William Howling owned a farm in Keyin-Sun-
burst field. He did not believe in oil. He sold ALL
his royalty before any oil was found. His farm has
produced thousands of dollars worth of oil that would
have been his had he not sold. The thousands of dollars
worth of royalty oil has gone into the pockets of in
vestors who were wise enough to buy ROYALTIES.
They occupy the coveted place of William Howling on
pay day. Their checks come at the end Of every thirty
days, as regularly as the month comes around.
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-25

Concluded on Agricultural Page.)
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-25
Arab Women Demand
Removal of Wells and
Social and
Political Fire O mn

The stubborn conservatism of
the Mohammedan custom with re-
gard to the social isolation of the
women in Palestine may soon give
way before the movement launch
ed by Arab feminists for the re-
movaI of the veil. The Holy Land,
backward in many respects, is be-
hind such Moslem countries as
Turkey, and Egypt in breaking the
shackles holding women in seclu-
sion.
The movement for the enfranchise-
ment of the Moslem women in Pal
estine is of recent origin and is trace
able to the influx of women from the
west, especially Jewish immigrants
coming to settle in their national
home.
AS the first step towards their en-
ancipation, the ome demand &C.
clesiastical sanction for the removal
the dark veil from their faces. If
such, flying in the face of age-long
custom does not win official approval,
some of the leading Arab ome of
Palestine are determined to do what
Moslem sisters did in Turkey,
where the veil has been entirely cast
off, or at least in Egypt, where only
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-25
G "An oil strike!"

at These words thrill a nation as does no other
terse announcement. The nearest approach was in
the gold rushes of the Old West.
g The reason is that the magic of oil trans
forms men over night from poverty to riches; turns
deserted, arid fields into hustling centers of indus
try; upsets sleepy COW towns and fills them to over
flow with the rush of big business; new industries,
new people, new money-alI join into a vast program
of fortune building.
ct Much money is won; much money is lost.
But the calm observer who has watched the hectic
history of oil fields knows that there is ONE MAN
who always WINS.
ct 1t is the man on whose place the well was
d.iIIad t. tho oudounar
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-25

the chief, who was told to "Signal
your warriors off, or III send you
to the last hunting-ground.' The
chief obeyed and the Indians left.
Governor Hauser thus describes
the scene, in a note to Stuart's
journal: 1--WE, too, looked at our
captain, and II danger was al
most forgotten in admiration. His
whole features, face, and person
had changed; he seemed, and was
taller; his usually calm face was
all on fire; his quiet, light blue
eye was now flashing like an
eagles, and seemingly looking di-
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-25
This
is one
man who
ALWAYS
makes money
i'm Oil---whO
always has and
who always
will


barrels of oil to the surface, he must give 12Hs barrels
to the landowner FREE OF COST OF PRODUCTION.
Not one cent does the landowner have to spend to get
his share of the oil. Because the landowner gets his
share of the oil without having to spend money to drill,
his share is said by the Standard companies to be equiv
aIent to FORTY-SEVEN PER CENT OF THE NET.
That is, the landowners profits are nearly as great as
those of the operator who spends the thousands and
hundreds of thousands to get the oil.
ar The landowners share is called ROYALTY
OIL. He gets 1917 per cent of ALL the oil ever produced
on his land, be it produced this year or 100 years from
now. His right is perpetual. Likewise, he is able to esl
any part or all Of his royalty, as he chooses. Were an
investor to buy ALL of his royalty, the investor would
step into the shoes of the landowner. The landowner
would own the land, but he would not be entitled T. any
of the oil. The royalty is the thing of value on an oil
structure.
G Whenever the landowner chooses to sell part
of his royalty for a LUMP SUM which will Immediately
buy him automobiles, pay off indebtedness or care for
other large expenditures, he can legally do so. He can
sell any fraction of his royalty. He gives a DEED there
for. The deed is like a real estate deed. Ihe man VINO