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The New York herald. [volume] (New York, N.Y.) 1920-1924, March 30, 1921, Image 5

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ror safety's sake?
Sound Advice
/V in his autobiography?
T resolved not even to own
anystock... .bought and sold
on any stock exchange
such a course should com
mend itself to every man in
the manufacturing business
and to all professional men
no sound judgment
can remain with the man
whose mind is disturbed by
the mercurial changes of the
stock exchange."
Follow this sagacious advice
by investing your money in
our Guaranteed First Mort
gage Certificates whichnever
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ing and leave your mind en
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They pay 5Vi%. Send for de
scriptive Booklet |<-5
Capital and Surplus
59 Liberty St., New York
184 Montague St., Brooklyn
4 Herriman Ave., Jamaica
impressive novel
is a penetrating and
vivid story of Amer
ican life in the New
York of the early
20th century. Mary
Antin says: "That is
a book! What il
lumination, what
revelation!" The
Boston Transcript
writes : "It has
heights and depths,
moments of what
appear sheer revela
tion." And now
Sinclair Lewis,
author of "Main
Street," says:
"Don't read 'The
Dark Mother'
once or twice, but
three times, and
buy your copy."
$2.50 everywhere,
and more than worth
it. Boni & Liveright,
j Harding and Advisers Con
sider Some Charges Posi
tive Economic Danger.
President to Confer With
Experts and Sliipi>ers in
Stnd.ving Problem.
Xo Car Shortage Now, but Con
ditions Next Autumn Are
Sure to Be Serious.
! Special Despatch to Tub New Yonjr IIeialh.
New York Herald Bureau, I
Washington. D. C., March 28. j
President Harding' and his Cabinet
i have determined to tackle the intricate
railroad problems and to find a solu
tion as an absolute essential of normal
peace time business and prosperity.
After the Cabinet meeting to-day
President Harding made it known that
ho would call to conference with him
Chairman Clark and other members of
the Interstate Commerce Commission
and the chairman and members of the
Railroad Labor Board. President Rea
of the Pennsylvania Railroad and Sen
ator Penrose of Pennslyvania already
have conferred with the President and
it is likely that, others interested in
the railroads will be called to the
White House.
At present traffic or sufficiency of
transportation is not a problem, but
the situation with regard to rates in
| its effect upon traffic is regarded as
' dangerous. The railroads arc not earn
I ing anything in spite of the fact that
rates arc on a level almost universally
regarded as too high.,
It has been suggested in many quar
ters that the falling off in railroad traffic
is due to the fact that many commodities
cannot move freely on the present level
? of rates, with other prices on the down
? ward trend, and producers have pro
: tested that they could not market their
; products profitably on the present rate
! basis.
Behind Expected Earnings.
Government ligurea considered by the
Cabinet show that the railroads are run
: ning 1700,000,000 a year behind the
I earnings directed by the Esch-Cummins
law and expected as a result of the rate
advance of last August.
In the face of the situation the Presi
dent and his advisers are agreed with
Senator Cummins nnd others that rates
not only are too high for the good of
American business, but that in many
Instances they threaten the economic
Because of dearth of business at the
present high rates there is no car short
age or other transportation difficulty at
this time, but the railroads are under
' equipped, and experts In and out of the
I Government service are looking for a
repetition of such difficulties as car
i shortage and congestion when the heavy
| movement of the autumn sets in and
the crops begin to go to market.
After talking over the matter with the
I men handling different phases of the
transportation problem, it Is probable
| that the President will call in other
! interests in the railroads. Including S.
j Pavles Warfleld, president of the Na
, tional Association of Railroad Security
Owners, nnd members af the Association
of Hallway Executives, as well as shlp
; pers.
For the security owners Mr. Warfleld
already has advanced before the Senate
i Commerce Committee a plan for eflTect
, ing railroad economies to rcduce costs
, of operation, and It Is likely that hear
? ing?! will be held on that phase. In the
meantime, in view of the serious Cabinet
I consideration, it Is regarded as probable
that the President will go into the rail
road problem In his message to the ne\t
I Congress. Whether he does or not the
railroad problem is certain to take up
much of the time of the session.
T">ire<-t methods of reducing railroad
operating costs were not dlscussrd bv
the Cabinet, and there was no discussion
of railroad wages, though railroad ex
. eeutlvc'a have gone on record on the po
' sitlon that wages and working condi
tions would have to bo ^hansed to meet
present conditions if the railroads nr? to
j continue operation.
There are two Items of agreement bv
all of thoj-r concerned with the emer
gency. They are:
First, that rates are too high : and,
, Second, costs of operation must be re
| Railroad executives have moved for
abrogation of the national working
! agreements, which It Is declared have
put too heavy a load upon the payroll
*rWifC men Icam by others' hanrts; fools by their own."
You Think Of Home
Let your thoughts be untroubled. If you
?ealize, while traveling, that you have left
four valuables within the reach of fire or
thieves, the pleasure of your trip will be
There is no need of such anxiety, however,
for your silver and other valuables may all
he left in our safe deposit vaults, at moder
ate cost.
the bank.
of america
dinre'nJ?"5' they nave moved for
m r?ductiona.
a eent?>*C?MId h,a advanced a plan for
econo^TJ. . 0a? or*anLxation to effect
q?n!T. Jl *QUipment and operation,
datlon ?f 5VT.min" 8taJlda *0? consoli
brimr f s.i>eX n* "ne? and 8y?tems to
Tif ^nomy and reduce overhead.
ahouM^? Jeneral agreement a? to what
Plans .o bUt the~ are only
L*. advanced for accomplishing
hi n."1rU'ht. In thl" Nation " wiff
dL. f^?Kary f?,r thC new Congress to
f further railroad legislation
in connection with President Har
injs plans it is stated that iti the last
three weeks some fifteen rail executive*
with !r1Ual0nS to conferences
with the President. The President in
S?rrr^srw,th ox
pressed a willingness to have them dls
ffelt whfttBUUaU?in frankIy and to ?u*
fhTnV .?lth8<\emed t0 thc? to be the best
asked tn ^ unext- Rome have been
T, wm l " the,r VieWB to writing
tJL7lL^m?nthm before the Railroad
I* arfl can act upon the national
agreements and the motions for wu??
reduction. Senator Cummins has
mak h'S C"mmlttee ?f the Sen
ate will make a detailed investigation
rpi??C?St? 0t rai|poad operation and into
reasons for the financial failure of the
railroads before seeking a remedy as
?>rr?hU" " ^?bab'y w'? be Tecessa^y
for the roads to worry along- for several
Honert?iyei' un!css an?ther transporta
'??" ,s Precipitated by the far tors
ciT^TC7;jrta thc finan
Cabinet ?adviT? th? ^'dent *"d his
sharTrt f n vl8 ?VCr the "Nation is
"sppclaliv bv \ ?m?lal8 in
? by thoso ??rving on com
mittees having railroad legislation un
der their Jurisdiction. Senator Cum
*!"'? Cha'nnan of the Interstate Com
erce Commission, expressed satisfac
tion with the programme for having the
transportation problem made the sub
tle hf ,attuntion by the ?ecu
, , ranoh of the Government. He
White h ??mment d'rectly upon the
terJnl H?u?e announcement for con
ferences between the Interstate fnm.
mer^ Commission and the Railroad Ijh
??r. Board beyond saying he was pleased
to hear that immediate consideration is
to be given to the reduced earnings of
rai.roTd ra^ t0 P?Mlble r*du<*??n*
jJ? sr -Sp
J?" a,??* the 1,nes' from the highest
The rii,?^' I? from 8a?olenf up
The railroads obtained revenues to th?
fa??Uyearf %e,r *6 000'?? <>00 during the
J?ar- ?They spent all of that ex
cept about 110,000,000 in operating e^
hTdlefV't^ repre9f,nts 'he amount thev
!?? / 1? pay f"vidends and bond
apeot to t)?W lnqulry wi" be with re
L,0|!Cratlnj expenses."
l-enre i the comin* confer
,?. ? d concern itself with thi?
"Th; v Tu?r CximTnin? was asked.
The? might well do so.- he replied
It is a matter which vitally affect* the
entire counlrj- and might well occupy
the attenien ?f the Cabinet. Our coin
ble Mes if'nni t0hfnd ?u wl,ere the trou
we o.n posslbIe I do not see that
Y can pass additional legislation to
ffive greater authority to the Interstate
^ommcrce Commission over operating
1,? th0 Commission em
^ ie a rai,road how much it
sliall spend for various classes of equip
ment, such as locomotives, ties and roll
coUr rn'Va-t ^ntfr S
theU,rtsun.Ve t0 bPCOm? responsible11 for
"In short, it would mean the Iok*
woiHd be shifted from railroad stock
holders to all the taxpayers. In mv
opinion it is impossible to materiaHv
ncrease these powers of the Conimi?
sion without bringing about Govern
ment instead of private operation.-'
appral* ToTABoii no Ann.
Pliri-ADELPHIA. March 29.? \fter ?.
lonjj conference here to-day between fort'v
representatives of s.sno common laborers
fnTn-n" "" th? Philadelphia and Uead
and company ofllcialH it was
^r,1 H 8Ubm,f t0 tl,e Ra"road l.abor
Board the question of reducing tlm
wages of this class of workers h?
Urges Passage of Measure to
Prevent Spying on Unions
by Detective Agencies.
Kpecxal Or snatch to Tirx N'rw \oik Hbuu.
New York Herald Bureau, j
Albany, March It. I
Samuel (rompers, president of the
American Federation of Labor, gave the
warning here to-day that the worker*
of the country will rise up to "defeat
'he antagonism that seeks to crush the
labor movement." He appeared before
the Assembly Ways and Means Commit
tee in favor of the resolution or Assem
blyman Samuel Orr. Socialist, providing
for a legislative investigation of the
alleged practices of private detective
agencies in spying on labor unions.
Mr. Gompers charged that these de
tective agencies and the corporations
which hire them arc part of forces
"which are trying to destroy the unions
ar.d break the hearts of the workers."
"Few people know the discontent and
disgust felt because of the prevailing
conditions." he said, "and I want to tell
you that the only element that stsndj
between the mabses and deterioration is
the much misunderstood American labor
movement. And those who would crush
it had better halt. I have an abiding
faith in the patriotism of the American
workers and that they will come out all
Mr. Oompers said the activities of the
detective agencies formed one of the
greatest causes of dissent In the indus
trial world. Hugh Frayne, general or
ganizer of the American Federation of
Labor. told how detective agencies of
fered their services to corporations to
prevent Jtrikes and break up unions by
having their operatives become members
and sow the seeds of conflict.
Mr. Gompers also appeared before the
Assembly General Laws Committee
against the Brady anti-strike bill, which
he declared to be a vicious piece of leg
islation. He said it would drivo work
ers back to slavery. Other labor leaders
sai'l that it was un-American and un
Kentucky Pressmen Accuse
Their International.
Lbxikotox, Ky., March 29.?Oral
arguments were heard to-day by Fed
eral Judge A. M. J. Cochran in the case
of the Chicago Printing Pressmen's
Union, No. 3. complainant, vs. the offi
cers and board of directors of the In
ternational Printing Pressmen and As
sistants Union of North America.
The complainant claims a breach of
trust on the part of the officers and
attacks the validity of what is called a
war emergency fund assessment, which
was put in force by a referendum vote
of the membership taken in November,
It is sought also to have the officers
removed from office, in addition to re
covering moneys which the complainant
claims to have been illegally diverted
by the officers of the International
The suit was started in Federal Court
at Greenville, Tenn.. in June. 1919. and
was tried before Judge Cochran at
Knoxvllle, Tenn., in February last. At
the end of the trial Judge Cochran
fixed to-day as the date for hearing
oral arguments in the action.
St. Lot;is. March 29.?Union papcr
hanjrers who have teen on strike since
March 1 returned to WOPl< to-day, when
their demand for a wage' increase from
$1 to $1.23 an hour was granted.
Snch Ajerreeinonts Uphold
Peace in Easiness, L&ack
Tells Labor Board.
Chicago. March 29. ? Applying the
conditions in other industrial which led
to national agreements to the railroad
industry, W. Jett Lauck. consulting
economist for the railway unlona to-day
presented voluminous arguments in fa
%-or of national agreements on railroads.
Mr. Lauck presented his testimony be
fore the Railroad Labor Board as part
of the evidence in support of the unions'
contention that the national agreements
should be continued.
"Organisation of employees as well as
organization of unions has become na
tionwide, because the Industrie* them
selves have become nationwide." Mr.
Lauck said in presenting an exhibit on
the movement toward national agree
Mr. Lauck declared that when both
employers and employees were organised
into bodies of national scope the way to
Industrial peace wan through national
"In no Industry is it more important
than in transportation that a sound
basis for national unity ibe laid." Mr.
Lauck declared. "That the Individual
railroads should he consolidated into co
ordinated systems Is clearly recognized
in the transportation act by Us provi
sions for combinations, the permission
to pool purchases and the establishment
of a national laJbor board."
Statistics and data covering the origin
and operation of national agreements In
the stove Industry, glass bottle industry,
pottery, clothing manufacturing and
coal mining Industries and in typograph
ic^ and t.Jectrlcal workers" unions were
presented by Mr. Lauck.
National agreements in other indus
tr>s, he said, tended to show that in
<1j*tr1al pcace was attained by national
agreements: that establishment of uni
j formlty was socially important: that
I unions do observe their contracts: that
national agreements must cover working
j conditions: that trade agreements are
! not Inconsistent with the open shop and
. that such trade agreements tend to
I humanise the industrial situation.
Both Sides Agree to Accept
Federal Decision.
Agreement of unskilled workmen of
the Erie Railroad with its officials to
refer their wage dispute to the United
State* Railroad Labor Board, an agree
ment which was signed yesterday after
noon, marks the first in which the roads
and men have agreed formally to per
mit the Railroad Labor Board to become
the umpire of the case.
Heretofore unskilled as well as skilled
railroad employees, in refusing to accept
amicably the outs proposed, have also
refused to join the companies in certify
ing: the dispute to the board, and in
every other ease the disputes have gone
to the board on the application of the
railroad alone.
F. W. McLaughlin signed the agree
ment for the men and Robert S. Parfcons
for the railroad.
Warsaw. Ind.. March -'0.?John
Heighway, a farmer living near Akron,
his wife, and daughter, Mrs. Worth
Long, were killed Instantly this after
noon when an automobile in which they
were riding: was struck by a Winona
interurban car at a crossing about three
miles north of Akron.
franklin Simon & do.
cA Store of Individual Shops
FIFTH AVENUE,37th and ^8th STS. lalra
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Gracile models in
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Directoire and Gra
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adapted to the larger figure
in fact?losing nothing in
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tinction, proportioned the
least bit different in line so
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bit different in silhouette.
Twillcord or Tricotine in /Vren Tany
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Other Suits for Women of Full Moure 55.??to 145.? '
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FIFTH AVENUE,37th and 38th STS.
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Just Out of the \Parisian
Hands That Made Them
Infants'and Small Children's
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subtle way of sending good wishes to
American babies.
^Baby Shoes
French China
Egyptian ( rad/es
Hand- dJ) Cade brocks
Hand-zJxlade Coats
Hand?Jj tadc Hats
Fifth Floor
Help Wanted Advertisements in The New York
Herald are productive of the best kind of com'
mercial and domestic help. Telephone Fitz Roy 6000

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