United States Steel Cuts
Dividend Rate and Will
} JRiIED STATES
Steel, genera¥y
regarded as the ba-
rometer of American
business conditions,
went on record when
the directors at thelr
meeting in New York
reduced the quarterly
dividend on common
stock sharply from
$1.75 to $1. The new
dividend rate amounts
J. A. Farrell to $4 a share instead
of 87 and is the lowest paid by the
corporation in sixteen years.
At the same time the directors
dealt with the wage question through
f recommendation that salaries of of-
and employees be adjusted,
leaving it to the management to de-
termine the amount of reduction in
pay. There was no mention of read
justment and the officials
would not on the possibility
of this action, but in quarters
It was thought the directors were au
thorizing the first move in a
that would be extended to Iabor in
case this became apparently unavoid-
President
took
ficers
of wages
comment
some
program
Hoover's administra-
repeat
no lowering
able,
tion its plea
that be of wn
scales in key Industries and of living
standards, and James A,
Farrell of the United States Steel cor
poration has been regarded as one of
the stanchest supporters of this pol
fey.
The reduction
occasion to
there
or
=t
President
in salaries, it is
derstood. will be put effect
goon as the adjustments can
worked out. The proposed cut witl
applicable to all salaried
and will average about 10 per cent, it
is believed. One rumor is that som
of the higher executives will
larger reductions President
himself is in this latter category.
exact amount of
been made public,
places |t £100,000
000,
The
affects
ers.
un
into ns
be
he
employees
between
reduction of tl
more than
Steel stock Is owned and
hout the werld Wall
took the news of the directors’ actl
quietly, though it had hoped the
dend rate be placed no
than $1.25 = quarter.
Fos
though
ie dividend
200060 stockhol
traded
Street
wonld
———
more bald
crossed
the
aviators
Atlantic
far
sUCreay
the ocenn,
first pair were from
reaching their destination. Hugh
Herndon, Jr. and Panghorn
took off from the New York n
airport with the
Moscow and thence around the world.
All the way across they
flew through dense fogs and they were
compelied to land’In a farm fleld near
Cardigan, Wales. They went on to
London and continued their flight from
there,
Russell Joardman nd John Po
lando, who left at the same time Xnd
from the same alrport on a flight to
Turkey, were more successful, for they
landed safely in Istanbul, besting the
non-stop distance record established
by Coste of France.
Clivde
unicipal
ntention of flying to
the ocean
OL. CHARLES A. LINDBERGH
and Mrs. Lindbergh started from
Washington on their long and perhaps
perilous aerial jaunt to Japan in their
big scarlet and black seaplane, The first
hop, which was intended to take them
as far as North Haven, Maine, where
fs the summer home of Mrs. Lind-
bergh's parents, ended in Flushing
bay, New York. in the midst of a
thunderstorm and heavy downpour of
rain, The colonel announced that
the radio tests had proved unsatis
factory and the flight was accordingly
delayed until the apparatus was got
in order.
The tour of the Lindberghs will
take them up across Canada to the
Far North, across Alaska and to Ja-
pan by way of the Aleutian islands.
Their Lockheed Sirius plane has been
equipped with every device needed to
make the trip safe and successful,
The colonel is chief pilot, his wife
chief navigator, and both are quali-
fied to work the wireless,
HEERED up by
the encouraging
promises and predic.
tions of Prime Minis.
ter MacDonald of
Great Britain, Secre- |
tary of State Stimson
of the United States
and other eminent
statesmen, Cermany
worked hard during
the week to rescue wh
herself from financial
collapse. The distin. "err Schmity
guished visitors were received in Ber
iin with wuproarious demonstrations
and were the chief figures nt banquets
and conferences. “Britain's confidence
In Germany Is undiminished.” declared
Mr. MacDonald, “We are filled sith
admiration for Germany and we ure
firmly convinced that if she continues
her efforts, if she exerts nll her intel
lectual, moral. and economic powers
to get on her feet again, without giv.
ing way to despalr, other nations will
help her and not suffer her to go un.
der. A free, self-respecting Germany
is Indispensable,”
Mr. Stimson, before leaving Berlin
for London, issued a statement In
which he said:
“The American people have faith
in the German people and believe In
their future, My faith in Germany
has been strengthened by my visit
here. 1 believe the present difficulties
are due mostly to temporary lack of
confidence and that through courage
and renewed confidence Germany's
welfare will be restored.”
The German government announced
the formation of the “Acceptance and
Guarantee” bank with a capital of
$48,000,000 to facilitate the immediate
financial transactions of the country
and to make the
of all German banks, The Reichsbank
and eleven German
banks guaranteed the
new bank,
In addition to removing the restric
tions on banking activities throughout
the country, Dr, Luther,
dent of the Relehshank and Chancel
lor Bruening said they hoped the
bank would help
cl Darmstaedier und
bank, and save other small
tottering.
possible re-opening
leading
the credits to
other
Hans presi.
new
the
nal
mini
re-establish
Nati
banks now
nliso
sed
One Important step tak
ment was the
n Schmitz to assume control of
all German banks
He was made controller of
try's financial structure with power to
draft plans to stop the flow of funds
from the various
Herr Schmitz has been closely
fied with the great chemical industries
of Germany,
en by the
appointment of
during the crisis,
the coun-
banking houses,
identl-
ONSIDERABLE
interest is evi
denced In Was!
ton in the |
future
He
H. P. Fletcher ing
Fletcher said tersely:
indefinite, but I certainly
to go into a convent.” ’
mors that he would seek
for the
SOCPEROr to
nomination
as
this
he
governor-general
In view of the
Mr. Fletcher in the diplomatic service
can
senatorship
Davis, but
thought
he denied
was
of the Fhil
long experience of
lelgium, there is
should be
secretary of
man for
and
any
office
be a
to both [Italy
that, If
made In the
state, he would
the post, Following the election of
Hoover In 1028, he was mentioned
freely for secretary of state and for
ambassador to Great Britain and am-
bassador to France. Long a friend of
President Hoover, he accompanied
him on the good-will trip to Latin.
America soon after the Presidential
election.
talk change
of
logical
NTORMAN H. DA.
i vis, one of Amer
lea's most eminent
financiers and at pres
ent trustee of the
Bank of New York
and Trust company,
announced that he
had accepted a post
on the finance com:
mittee of the League
of Nations and would
sail for Europe al-
most immediately, N- H. Davis
His first business there will be to at-
tend a conference on European ered:
its which will open® August 20, He
will then take part in a meeting of
the finance committee early in Sep
tember. He will return home in Oc
tober, and will not be obliged to re
linquish any of his business interests
in this country, as the finance com-
mittee of the league ix called togeth:
er only three times a year, ench meet.
ing as a rule, continuing for only a
few days.
Mr. Davis is entirely familiar with
European finances for during his dis
tinguished career he has been a mem
ber of numerous International commis
sions and conferences. In 1020.21 he
was undersecretary of state,
NE more report has come from
the Wickersham commission, [It
deals with the American prison sys
tem, which it condemns as Inefliclent,
antiquated, falling to reform the erim-
inal or protect society, and as using
brutal and unjustified disciplinary
measures. Much of the report is a
denunciation of prison conditions,
characterized as “almost incredible,”
under which men are imprisoned In
overcrowded cells without sufficient
Hght or fresh air or benefit of modern
plumbing.
It attacks also the system of prison
discipline described as “traditional,
antiquated, unintelligent and not in.
frequently cruel and Inhuman” As
serting these methods “contribute to
the Incrense of erime by hardening
the prisoner,” the commission urges
they be changed by law,
Outlining what Is considered the
ideal, the commission asserts segregn-
tion of the diseared, Insane, drugad
dicted and hardened eriminal is
of the first requisites, It holds fort
ressiike prisons’ of the Auburn type
are ‘unnecessary save for the worst
types,
Under the proposed system all pris
oners would paid wages, thelr
treatment would be more humanized,
the choosing of prison officials would
be removed from polities and guards
would be trained specifically for thelr
task,
It is advocated that “no man should
be sent to a penal Institution until It
is definitely determined that he is not
a fit subject for probation.” Extension
of the parole system also Is urged as
the "best means yet devised for re
leasing prisoners from confinement.”
one
he
——
N ONE of the most strongly worded
opinions ever handed down in a
prohibition case, the United States
Circuit Court of Appeals at Chicago
severely attacked the tactics of
agents In entrapping offenders,
claring their methods to be “a
the court's
observing that
creasing frequency of simila
The the
of five policemen of Indianng
year found
spiracy to protect a speak
dry
de
to sense of Justice”
ever in
eases”
there Is "an
opinion reversed
last
were
Appellate
Wis
be no
conrt’'s opinion. "The conspiracy
conceived by prohibit
who eal :
Ly
1 their
agents,
decoy, le, to
ated speakeasy, |
dry spy who
Pp
i: dis
“THERE
the East n Ney ork
workers
clothing Industry on
i= 6
S000
3
in the men's and chi
strike
idren’s
on
orders from the Amalgamated Cloth
ing Workers of American
Carlos Ibanez
girike. The
the resig
time set for a general
congress promptly
nation but apparently withheld
of the
accepted
the safe
conduct out country which
Ihanez asked,
morning hours the
overthrown dicta
in Cabbage Plants
Measures for Control of the
Infections That Cut
Down Profits.
Next year's cabbage crop can bo
made more profitable by observing
the results obtained with this season's
crop, declares A. L. Plerstorff, exten
slot specialist In plant pathology for
the Ohlo State university.
By recognizing the type of diseases
present in thelr during the
growing season, he suys, growers are
In a good position to take the proper
control measures for next year's crop.
Infected Fields.
Yellows, one of the most serious
cabbage diseases In Ohlo, can be con
trolled only through the use of yel
lows resistant seed of the early point.
ed Copenhagen type, the Danish bald
hegd and the Flat Duteh type of cab
bage. Fields Infected with this dis
ease, Plerstorfl points out, should not
be planted to cabbage for many years
cabbage
Signs of Disease.
Plants Infected with yellows are
yellow ap
The lower leaves drop {rom
one by
often leaving
out
stem.
plant
ther side
plant
# naked stalk or
lower
one,
small head witl
on the
of
: the ©
leaves present
one side the
be Infected, leay
if tl
or ihe
may
et ff the older
leaves stem is cut
ACTOSS,
will be
‘
bin
cing t
not jet
the iRRUes
il or
ich will
It develop
For this
many years,
temperatures
1
amount of yellows even |
planted
ties,
1
with disease -resi
a motor car At Los Andes they
boarded a special train for Argentina,
attempt will be made to
back to Santiago for trial
When Ibanez fled, Pedro
president of the senate and vice presi
bring him
Ibanez to escape. He,
Montero, who presumably will be chief
executive until a president Is elected,
Montero is one of the country's lead
ing lawyers,
annoncement that Pedro
i
had agreed to accept the
finarce minister,
ter” policy during his eight-day term
as premier has been accepted by most
Chileans as a great step to rid the na.
tion of its economic distress
RIDAY saw the belated dedication
of the marble column at Putin
Bay, Ohio, memorializing the victory
of Commodore Oliver Hazard Perry
over the British In the battle of Lake
Erie In 1812. The 320-foo! shaft has
been completed for 15 years, but the
ceremonies were put off from time to
time until the present,
Dedication addresses were made by
Senator James Hamilton Lewis of II
linois and Gov. George White of Ohio.
Among others. on the program were
Webster P. Huntington of Columbus,
president of the Perry's victory me
morial commission; John H. Clarke,
Cleveland, former associnte justice of
the United States Supreme court, and
Edwin A, Scott, president, and A. W,
J. Flack, secretary of the Canadian
club of New York.
Su C. MAJOR, representative In
congress from the Seventh Mis
sourl district, died In Fayette, Mo., and
the Republican majority In the next
house was thus restored to twe, for
Mr. Major was a Democrat, one of the
twelve In the present Missourl dele
gation of sixteen, He was sixty-two
years old and was elected to his fifty
term last autumn,
(i. 1051, Western Newspaper Union.)
Tests of Hog Feeding
lit 8 warrant full f !
gs, according to the opinion of
experts In Indiana, Ilinois and
Dakota bh of Purdue
Univers
trinls con
Ing
Condition eeding the
EWine
i Sout
the
per head and in tO)
eral lot 147
final weights
pounds per
of these hogs
pounds and
W. E Ca
bandry at the Un
lieves the
is ahether
supplement
218 pounds,
# ’
rroll, chief of swine hus
versity of Hiinols, be
hardest question to solve
or not to feed a protein
in addition to pasture. He
finds that one-fourth pound of
fankage a head dally has increased
the dally gain from 58 of a pound to
.
1.25
of a
pounds a head
the test at 49 pounds and ran on rape
One hpndred pounds of tank
With
corn at 58 cents a bushel the tankage
$83 a ton. A mixture of
half tankage and half linseed oilmen)
is very good at present prices. If plenty
The pigs started
tein supplement will be necessary on
pasture,
Select Young Animals
for the Feeder Stock
Buy them young and keep them
This seems to be the best advice to
stock, according to results of a three
years’ feeding experiment at fowa
State college.
Steer calves purchased in the early
winter and fullfed in dry lot until
finished for market proved in three
years to be more profitable
for the producer than yearlings or
two-year-old steers. A longer time
was required to fatten the calves, but
they required less feed for the hun
dredweight of gain, sold on a higher
market and returned a greater margin
over feed costs,
Next to the calves ranked the year
lings, although there was a close mar
gin between them and the two-year
olds. The two-year-olds required more
feed per hundredweight of gnin, sold
for a much lower price than the
calves and lower than the yearlings
two years out of three, and returned
less margin of profit over feed cost
than either the calves or the year
ings.
#
».
Cattle Wart New Plague
In these days of competition, noth
ing but the best will do now and the
cattle wart arises to plague the farm.
er. The presence of common warts
on a hide bring a loss to the farmer
of as much as 256 per cent of the
normal value. ¢ hides of affected
cattle when tanned have weak and
lumpy spots.
The elimination of infected cattle
from the herds and the proper sterill.
zation of all the surroundings is the
orincipal answer to the question,
Protect Plants From
Attacks of Disease
Improved Cultural Methods
Will Give Resistance.
It may be casually observed that
some gardens require less spraying
than others and appear to be in health.
ler condition. It is generally true
that such gardens have been maln-
tained In a vigorous and dizsease-re
sistant condition through proper cul-
tural methods, This is rewarded by a
decrense in the spray
The question of
at, the beginning of the plant. High.
ly vital and strong seeds should al
ways be used In preference to weak
seeds. Only strong plants should be
selected for transplanting, as other
plants may be injured before they can
be made strong and vigorous through
proper cultural
Maintaining moisture
conditions and ants
with an abundance of complete plant
food are securing this
resistance igorous plants
requirements,
vigor starts back
methods.
the
providing
fpiroper
the
important in
to disease, §
which are producing
and in wi
are taking
subject to
those In
carbohydrates
and new tissue,
the
mally,
ich
Processes place nor
attacks by
unthrifty
are less
diseases than an
condition.
If plants
Much Colic in Horses
Due to Carelessness
rood old horse suffered with
g the hot weather,
One prolific cause
as green corn In
orn, many far
failed to
mers
them, mu the
them from the
long. Too ch
1
u
green corn has about the same
on a horse as green
Muzzling hors
bos 2
wonld
F ¢
About the Fall
er ike oO
nally will
pon the
han
While fall pigs must be
has available for
1 aR
ded with warm
pros winler quarters to
make econ a! gains, the hulldings
Bg i g
for the purpose need not be expensive
The proper facilities fall
pigs, however, must be at hand or the
for housing
practice Is not likely to prove spccess
ful, lesides, be fall
fed on = from
birth till market age.
When this is done fall pigs will
produce as economical gains as spring
pigs, even though the latter are pro
vided with pasture While there is
more labor connected with raising fall
than spring pigs. there are compen
gating factors to he considered. It is
easier to keep full pigs free from
worms and they never suffer from
heat, IX Is jess difficult to keep a pig
comfortable In winter than In sum
mer when the proper equipment Is
available,
the pigs should
well-balanced ration
Good Shown in Mixing
Alfalfa With Timotay
What can excel a seeding of alfalfa
as a producer of lurge crops of hay?
“Nothing.” is the answer most corn
belt folks will give, But at the ML
noises experiment station, a mixture
of alfalfa and timothy, when the field
was used for hay for five years, outs
yielded alfalfa alone. During the first
three years a pure seeding of alfalfa
outyielded the alfalfa-timothy mixture
but ie the next two years the mix.
ture was enough superior to rank first
in the five-year average,
The mixture was freer from weeds
than the pure alfalfa seeding. The
alfaifa died out less rapidly when tim.
othy wns used in the mixture-the loss
of stand being about half as great In
the mixture ag compared with the pure
seedings. Alfalfa wilt did twice as
much damage in the pure seeding as
in the alfalfa-timothy mixture. Wal
lnce’s Farmer,
Agricultural Notes
Rape will stand a heavy frost. In
fact It takes a rather hard freese to
damage It.
Alfalfa leaves contain the major por
tion of protein and mineral of the
plants and should be saved in the hay.
. 0»
Government scientists are experi
menting with wheat and oat straw
in an endeavor to make use of these
farm products in the manufacture of
high quslity paper,
Born on the Battlefield
On the morning of July 10, 1918
the One hundred fourth
into
Battle of
plaintive whine was
bers of Company L.
traced the nolse to a large
and there lay a dog and
puppies. The mother dog and four of
the youngsters had fallen a victim to
shrapnel, but the puppy
had drawn his rescuers to the
was unharmed. On the
wis a brass collar, bearing
scription "Capt. Carl Von Hetzenber
ger, imperial German army” He had
advancing
ing the
Chnteny
Bell
he
whose » ries
place
ers neck
the in
moll
i
which
of
{ she had
buddy, Caos
him to Green
His Curiosity Was Satisfied
Officer 4 f fren}
Holt next orning st
He
and
gtarteq
Just before noon,
darawr
“Well,”
it go?”
“Say.” replied Holt
is cragy.”
“Why? What happened?
“We were going down a pared read
Just at daybreak.” sald Holt. “and the
Germans were shellirg it. Those big
ones sure splatter when an instan
taneous fuse hits 8 cobblestone,
“1 cranied in a hole alongeide the
road with three "Tommies' and looked
for Davenport. There he was. Going
on, paying ne attention Soa. being
ashamed, 1 crawled out and followed
“Then we came to the canal. The
engineers put a bridge across and
Fritz blew it up. They di” it again,
and the same thing happened. Then
they got one down, and Davenport
was the first man across
“Right then” concloded Holt
something of relief, “1 remembered |
was only a spectator, with a family in
ldahe, | came back”
No Time to Waste
Peacetime Irivert of antomohiles amp
preciate that at times one encounters
certtin “blind” spots in traffic where
it 1s dificult to observe an approach.
ing machine. Such conditions, greater:
magnified, added to the problems of
an aviator's flight into dattle.
One day Lieut. Ned Buford of Nash
ville, Tenn, a wartime ace. shoved off
in search of adventure Little tims
elapsed until he found what he sougis
A Boche photographing machine sud
denly appeared and proceeded to go
about its business of making ple
tures of the fortified terrain beneath.
Buford banked .is plane, obtained
point of vantage and prepared to
swoop upon the unsuspecting enemy.
Just as he got within safe range and
was about to release a siream of bul
lets a machine gun spoke from an en.
tirely unsuspected locality, The Ger.
man plane burst (Into flames and
plunged downward followed closely by
Buford and Lieut. David Putnam, an
intimate friend of the American,
They landed ogether, near the
wrecked plane.
“It Just goes to show.” was Buford's
compliment to his fying comrade
“that you can't waste any time getting
your Boche if Putnam is around.®
® n, Western Newspaper Union)
asked his friend. “How
did
“Tha: sergeant
with