Evening public ledger. (Philadelphia [Pa.]) 1914-1942, February 22, 1921, NIGHT EXTRA, Page 16, Image 16

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EVENING PUBLIC LEDGER rILDELPHIA1, TUESDAY;
FBBBUABT ' 22, 192i
iBS
fill?
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life' '
Kftuiir p -w'j
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Wk ' 'f .it'.r -to r
1. 31
mi a a a
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7cAPITALS500,00a0(m
f SURPLUS (EARNED) ll
II $2,000.000.00 J
Income Tax Returns
The Internal Revenue
Bureau has assigned one
of its representatives to
be at this Trust Company
from
March 1st until
March 15th,
daily, for the accommoda
tion of the general pub
lic in making their income
tax returns
NORTHERN TRUST
COMPANY
New List of
High Grade Bonds
We have just pre
pared a circular which
gives particulars of a
number of Canadian
Government. Provin
cial and Municipal
bonds yielding from
6V2
to t
All of the bonds de
scribed have principal
and interest payable
in United States
funds in New York.
Write for Circular T-211
W6od,Gundy&Co.
Inc rirq !
14 Wall Street. New York
Toronto
london. Oc
Inntiwff
Montreal
Helping
Investors
to select suitable securites is
the primary duty f a icliable
investment banker Obuously
such a service can be rendered
to the best advantage by
bankers who ov n end offer a
diet sifted list of
Government, Municipal,
Railroad, Public Utility
and Industrial
bonds and notes and a seiecteii
list of preferred stocks
H'rr'" fnr our Investment
Suggestions S'o. L19
A. B. Leach & Co., Inc.
Investment Securities
115 South Fourth St.
Bdl Telephone, Lombard 257
Rather Unusual I
Wc offer an investment
that possesses the following
features:
1. Total fixed c It a r ; c i
earned eight tiroes aver.
2. Joint obligation of six
companies.
3. Coupon rate 8.
4. Can be bought to field
9.70!i.
5. Has a strong Sinking
Tund.
6. Convertible into 8J Pre-
ferred Stock.
7. Readily Marketable
U'ou'J Voi 7 II 'n llrrr iinrt
Ab i I ! 7
Frederick Peirce
IWMW
inn
& Co.
imi sr
MI..NT
MSI ( hf.lniil sir' Mi 1 felrtlit
tialK mvr.l nj w j i net 0f
FRITTERED AWAY
ESI MLS ire often
times frittered awa
becnusi of unfaithful
or mcompetint individual
management 1 his is im
possible with a well orjjnn
iid and will m.m.ijjed
'1 rust ( o hurh as ours.
Real Estate Trust Go,
Droad and Chestnut Sts.
Morris Brothers Co.
rnhllhnl H'H
Bonds for Investment
Municipal and Corporation
1421 Chestnut Street
J, M UI I U
s I'lllOV
Sailer & Stevenson
"II AM) till STMT hll
HOiN DS
Tax Free, Melding l'jo lo o
Safe Bonds for Investment
HALSEY, STUART
CO. Inc.
r 1 :
II III
ARE YOU PROTECTED
AGAINST STRIKES?
IN these times strikes arc very pre
valent. They curtail production,
disrupt business conditions and un
settle credits, making payments slow
and uncertain.
Many of your accounts good in nor
mal times arc liable, under present
conditions, to be questionable. Why
gamble with them Why not insure
and get absolute protection in a
"LONDON" Credit Insurance Policy?
We can write a policy to fit your specific
requirements. With our policies to protect
you, you know when you get our money on
failed accounts. Asking for particulars does
not obligate you.
jl :
II '
li
OUR SUPEft
SEHV1CE Losses Paid In
American Currency
1 Jr ffljf 5S
LONDON GUARANTEE AND
ACCIDENT COMPANY LTD.
R. A. IRVING. General Agent
Phone I ombard 4016 PHILADELPHIA, TA 820 La Fayette Bldg.
. Mill.,.,,, ..II4IHM.... .,!,.
Spruce 8200
GHT--SOLD--QUOTCD
Lukens Steel Co.
1st Mtge. 8s 1940
Northwestern
Bell Tel.
' lit MtBe. 7s 1941
SECURITIES DLPARTMENT
Commercial Trust
Company
Member Federal Reiene Svitem
City Hall Square West
'IF 'AND'
and 'BUT
In nt-hnnl n au'll' i
. n r I" Ct.u of kp"1-
nnlunctlnn. if i rcmrml -r
om-oih
In cnlnu thrnuuh 1 fi ' l" "
la. tin (Irtflnlmn. nr lo-.t unon u.
rd we I n-n to rrtcKnl?e rfm t.
rtruri". of .xpri ..l u n lnnacr In
a crHmintlriW .. nw
IK AST) nni III T -will'
rnlsht lia ln i p-nrllril rx
prf..lnn fif r Iff or rRrt ip
pi'tun't1 iriin il nr t
SPKCIU. AnriiT.i: ,c J. .ins
'hi. .uhjT' xt It ffris tie In
irArt. nf th lnetir inl trnl r
hit. Iwrn prntr(1 h our V.Auca
tmnftl Iipt fir tr Ht.trlti itlon
Atk for Article "LR"
MiltonHeim&Cq
STOaS-FOREKW EXCHANGE-BONDS
MtMSIHI
PHILADIUWU STOCK EXCHAMJE
CCNSC112AJU5 STOCK EXClIAKCi,Y
lfi22 Chestnut Street
rhnnf nll. Sprurf satlSOA
Kr'Ntnne. Hare 7J
?( Ilromlviuy
X inn 5ih Ai- N
it imford. Tnnn
GRAIN
PROVISIONS COTTON
rtrr Frn
Ftq trtl
Hughes & Dier
i i iiirncn iioirn or iriti r
N Prodtirp KTrhnnxr
I Phil "tnfk Kirhanne
' Pltloliiirdi Hlnrk i;trhp.nr
1435 Walnut Street
SnrtHf mi
Karf 101
Philadelphia
STOCK SALESMAN
Philadelphia corporation
recapitalizing has excellent
proposition.
V 729, LEDGKR OFFICE
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
IIV.O Rl.l 1STITF Till T III III,
ImrMlxfttr und irt just parlnrrtehlp nnd
Infome Tix ItHnrni
- (tfb'H
I BOU
8crviccZi
V THAT imit
wnifACiirt
jk nyan
II 0K
w
THAT imit I
I J. N MILLIARD
( ( III NTVNT l IMTIIK
pr nhz rtl it
ITDIIIM INfllMI TWIS
rtr rf lit tncmr Trur l'i t
II ,r ' - 1 ii
ino II KM, r.-TXTK Tltl hT III III,
I IhiTt Hill II rr J0I7
H.L SMITH &
INVESTMENT SECURITIES
1009 Land Title Bldr Sproct 6721-2
STOCK SALESMEN
r hire in ultrvrllTi- prnnnolMnn
for tiro ep rlenred tnck nilfHmen
Itrfrrrnrrs rrn'Orrd
limit lloi -2K lilirrr Onife
KINJLV( Ml
llll ! Ml.tlHL
,. -. Till" I.I IIir.II IIIVI. M
ii' N l(i riON ( OMIM
Thii id phi i Ietruir s tnjl
Mn,r '-t Ii of Hie Sloikli i1f-
' . i eiiicn toil u n J Na ikiioii lorn
1 ,, I, 1. I II IW f'f i nf th. I i.
137 r n ii siri- I 1'hll idelp'ild p
I liriurr 13 1021. l 1 1 o flnrU n m.
ei mil hit" an f e un will l held for
i lent in d llimril uf l.nse s lo serve
h" n.jtnu nr
op e- f 'Ii Ann ll Tteport run lie hud
nt t i i inip.ny a uitl'O on und lifter 1'ib
uary 1- INL UKltUr PI,,H I
aetreury.
: III
III
ATYOUn.
SERVICE
Established
Eighteen Sixty nine
i .Mllllll""" fl
A Free Book
For Men Who
Wish to Know
The General Rules of
Trading.
The Rights of Stock
and Bond Holders.
The Deposit Require
ments for Carrying
Stocks.
How to Give a Broker
Instructions.
Broker's Commission
Charges.
Howtolndorse aStock
Certificate.
How to Group Invest
ments. Call, phone or write for
No. TU-367
I
A$k for Late it Available
Newt On Active Securitiem
JONES & BAKER
Sptcialitt in New York
Curb Market Securities
PHILADELPHIA OFFICE
WIDENER BUILDING
TeUphonci Bell, Locust 4730
Keystone, Race 2290
BALTIMORE OFFICE
433 EQUITABLE BUILDING
Telephone St. Paul 8431
Offices In 8 Principal Citlaa
Olrsct PrUat WlrM
READING
Generjil Motors
Baldwin Locomotive
iinil inlirr lur xr illnrnsnril
In rurrrnl Ion, of
The Kardos & Burke
Review
r.;wl I ) moitt rs and bu.
rpi n rn throughout t"
t op w 1 lt petti
un i re i it t - No ! I .
Kardos 8C Burke
STOCKS AND BONDS
1424 WalnutSt. .Philadelphia
New Vk Pitnburgh
Clncigo Ddtimer
Dinct Phtiii Wik
IMI.MMKMS M
INI"IHIE.M IIV.SKIMI
n-c inir rnurrrluy pveninv FVbruiry 21
n murrH t i rru tlnn In Inv Mment Hank
Irg nt srrnt lur to empln rs of In-
fttmrnt litnrflnK Houpe Htcurity Dpart-
rnrnte of Trut Companln Unka Public
I tl it les o : run n1 ail InUivulual In
nl,ra Mr Klmrr rj 1'iril) of I'uraly
llrolliers m mter if Tn Udrlphla Slock .
nii-h-nn' I e mlu t th count t ull I
part cu iff rrqust
hfiinoi in (iniMi'.iirK
m ni vts a riNNti:
r MCA
(r'NTICU. Ill 11 DIM)
till Ktll sTItKKV
Stockwell, Wilson & Linvill
Certified Public Accountants
Und Title Bldg., Philadelphia
Moore, Swartz, Hindle & Clark
ACtOl MINTS
Income Tx Coit Sritemi AarliU
Spruir 1777 hi:i'.i III II HINf.
ALBERT DOAK
Mason Contractor
2138 Arch St.
Specialist in the
Brick Setting of Boilers
Special
Transmissions
ACME GEAR CO.
N.'N.Cor. 7lli & Wood St I'tjila.
i
GOSSIP OF
THE STREET
Wild ilixrnrd in cdtcrdaj'i trading,
n few crippled Industrie falling kov
oral points and a few Mool licld
uppelnltles moving up ns one milt, while
the trailing storks swung within n nnr
row rlrcle, wan described as a jar,
ninrkrt with confusion Increasing on
almost crry movement that was made
during the da. Those who watch tho
trotting arc satlsfietl that the under
tone of the market continue one of
pionnuncrd strength, especially in lcw
of the wov the leading stcrl Indui
trial", the prominent railroads and
othir issues net in the course of
mlxnl ilrallngs. Thry generally ai
runic that the declines which Incrensrd
In thr range and extent all through the
past week rrtlectrtl the operations of
i new benr rotnbinntlnn that has ap
oarrntl plrkrd out crippled lndustrleii
ni ohjrctt of attack.
In Rome of these stocks, thoxe ion
eornril In tlirlr manngemcut apparent
ly hate no longer power to offer resist
ance to boar rniils anil this Is said lo
be thr eaor. r'prrlally In Atlantic Gulf
and WVm Indies American Woolen
was token hj another group ns on ob
ject for attack and seemed to miss
banking support that, in former times,
was quick to appear when lower prices
were established.
The impression preroils in strong
circles that, with the holldov period
over anil absentees returned in Inrge
volume to the streets, that a nrtter tone
will be shown tomorrow and that the
real political market looked for with
the approach of the coming in of the
new administration will be continuous
from then on
Hrrak In Foiels" Kxihaiifie
In neeounting for the break In the
foreign exchange mnrket. the obvious,
fact that the market ban been athanc
Ing steodlh for some time, reaching
new high record and wa likely tw'bc
subject to realising bv profit -taking
speculators, wns ignnied.
Aside from the purelj speculative
movements, the most logical considera
tion may be gen to the action of the
Washington goernment In placing an
embargo upon nn further foreign
loans. The higher rates for money at
the lSrltlsh capital would, ordinarily.
In view of the vnmpiiratUc easing of
the rates for monri hire, ns alleged,
woulil have n temleney to strengthen
exchange ns inil eating a transfer of
balances.
There is also to be considered the
t robable effect of the announcement by
the Hrltlsh tinnnei- minister that his
government intends to prepare for the
resumption of interest payments on
the Hrltlsh ilebt to the t'nlted Htntes
Treasury. Tin re must not be left out
of the nnnhsis the present extensivelj
bullish speculation in ilrprrclntrd for
eign currencies which lime enuseil n
more widespread interest in the move
ments of the foreign exchange mar
kets than at any time on record.
Great llritain is increasing its for
rign trade and is steiul'lv liquidating
nine nf its obligations, including the
instalments on the SinO.OOO.OOO loan
from Canndn. It is to bu noted that
for the time being tlie lung-contlnucd
imports of South African gold, via
London, have (cascil, and Jnpau has
PLUMBINGftHEAT.Mr
rfWM.U.MAYBERRYT
JV 524-Walnut St. J J
OBBING A SPECIAL! 1
CRUICE-BUILT 1
&VM2Z SrasSSiE
Porch Enclosures
Will ft nu fuel snd glvs you a
nun jturlnr BeKt quality of material
and fuper or workmanship aisured
FRANK A. CRU1CE
Menufsrturrr of -tor rtulki Omc
iBriittoni peclsl Cblnt Work
21ST AND RIDGE AVENUE
i'otiiar mv.
FOR SALE
4000 Metal Bands
for Baling
'i inch wide, 8 feet, d inches
Innp, with end buckle. In good
condition.
Will Sell Cheap to Quick
Buyer
See MR. DILG, 2d Tloor
GOG Chestnut St.
We are equipped to do the
work at your plant and avo
you the expense of long tie-up
Tlnn il INII nnd Main 3111
EH RETS
SLAG ROOFING
EHRET ROOFING &
MFG. CO. c,
S?. DREXEL DLDG. fc
FORTY FIV S
fit ivlVl n ai'lHli ISKr nt
I WK tfRSWr -SK,-:?ii"'.'T?X-2a
w 1
; UESPP-VARKRU
I ZI2-2X0.DARIENST. j
placed an embargo upon international
mocmentH of the yellow mctnl.
rinnnrlnl Situation In Kngtanri
Although the Hank of Knglnmt shows
an Increase In the proportion of reserve
to liabilities from 14 to 14 per cent,
the financial situation in flreat llritain
ottraits renewed attention in view of
the urgent appeal of the administration
to the Hrltlsh hanks to give a larger co
operation toward the efforts to reha
bilitate credits. London advices, rela
the to the recent boom In foreign ex
change, suggest thnt the rise has liecn
pnrtly due to exaggerated expectations
of favorable developments from the
meeting of the Supreme Council.
It is a matter of general knowledge
that the two most important factors In
causing the present pronounced recov
ery In tho foreign exchanges have been
the dullness of international trade, re
flected In an almost complete absence
nf commercial bills mid the decline in
the prices of our exportable commodi
ties to about one-third of the figures
ruling nt the high point in tlic wnr.
The London Times has this to say
about foreign exchange: "During tho
war the watering down of currency was
not fully rctlected in the foreign ex
changes, because of the rise of costly
'stabilizing' devices; but these ucre
gradually abiindnnrd and in 1020 the
exchanges were exposed to a real eco
nomic vnluntlon, namely, thnt fixed by
Hie relation of supply and demand.
"In the ense of the continental coun
tries, the currencies having no stability,
their external wilues fluctuate almost
hourly. Because of their volatile char
acter, bankers refuse to lend against
them and, generally, will continue to
do so until steps are taken to put a
stop tit the further Inflation of cur
rency and the existing paper money Is
once .more fixed In n definite relation
whip to gold or to sterling."
TUP, TUADRU.
PORPHYRY EARNINGS LOW
Deficits of Three Big Companies In
crease in Last Quarter
further losses from operations are
shown In the quarterly reportB of the
lending iorphry copper companies
with a consequent deficit after dividend
requirements
The Hay Consolidated los of $00,731
compares with ii Iosb of ,"2,149 In tho
preceding qunrter nnd profltN of (647,228,
or 41 cent a share, In the Decotnber
quarter of 1019 The total Income of tho
compnn for tho enr was $911,075, or
67 cents r share In the preceding ear
totnl Income n.illnble for dlvldenilB was
$1,743,440. or $1.10 a shore After pnj
ment of dividends last vear. there wns
n deficit of $6(Um"o1, nnd of this total
$4Bo,026 was the deficit for the fourth
quarter. The nerne cost of copper
produced In the fourth quarter was 16.27
cents, without allowance for gold or nil
ver or miscellaneous Income The cost
of producliiK tho mctnl In tho third quar
ter was flRured nt 15.96 cents. The nver
ago cirri InK price of copper for the
quarter was 14 '.9 cents per pound, com
pnrcd with 15,OTi7 In thethfrd qunrter.
18,426 In the second quarter nnd 21.96
for the first quarter The report sajs1
"The metal market continues to tie erv
dlsnppolntlns There hne been steady,
though small, sales contlnuully for ex
port shipment hut domestic demand has
been exeecdtnRly llRht ; n further cur
tailment of production hns been there
fore necessary."
Tho loss of $2SO,499 In the fourth
quarter b the Nenda Consolidated
Copper Co compares with n loss of
$83,180 In the preceding qunrter, nnd
net earning of $6S7.290, or 34 cents
xhnre, In the December quarter of 1919
Tor the full ear net earnings total
$21,904, or 12 cents a shnre on the
inpltnl stocl., compared with $1.22',1&7,
or fil cents n share, In 1919. After pn.
ment of dividends, the deficit for the last
vear wns $1,263,688. Tho deficit of thf
preceding car was $1,77.1,828, but In
that e.ir dividends were Just doubl.
those of 1920 The average costs of
copper In the fourth quarter of the ear,
after nil expenses and charges nnd after
allowance for gold and silver i.ilues
wns 17 li cents a pound, ugnlnst 16 04
cents a pound In the preceding quarter
This reporUnlso calls attention to the
need for further curtailment In opera
tions. In the case of Utah total loss for tin
quarter wns computed after charging on
$-.3', 270 on securities. In the preceding
qunrter the profits were $502, sis, or Jl
cents a hnre, while for the December
quarter of 1919 the profit was $J,698 -456.
or $1 60 a shore For the ienr 19:0
the profits of this company were $5,024,
4'.8. or $ 1 09 n shniv, against $8,2R2,19i,
or $3 OS a shnre In 1919 After pujnient
of dividends Inst ienr of $9,746,940 there
was a di licit of $4,722.442.
LIVCSTOCK QUOTATIONS
( Idrimo, tvh JJ CATTI.B Itoci'lp s
"noo hmd Hcf st'ers montlv ISO to J 5
I iBlw-r Top .tiers JIO 40 liulk JH 2V
ii 7,'i Lurcher Mock bull ntndtcra nnd f"-rt
rs iienU f mro.ig. bulk hutchfr rni mil
h. If rs tiff n "O twlorna nnd bf hull
niiktlj SI 7wr 75 ennners nn1 rultfru
nrKilJ $.' "iftlfD."!). rls 2Sc to BOt- hlsli
r bulk .nlrs. llOBOlfllftO, itocker
und ffdrs moM iOJ.Sn
nrxis n-relrt 27,noo head. Active, IV
in JVc hnshfr Hunts up most. Tod, JIO
l.ulk .'no pouml" od down 0."0 no
ulk ,.'.'' imunila up. 10 10WU.50, hIki 10
hHKI'1' Ilprelpt" 1ft 000 hfild. Killing
tarfr m rurally 2"c hldher I.amb inn
rrl 110 S" rholio S2-pound ihorn liimln
tn '."i bulk fl Inrnt'" tO10 70 p.iund
iirllrKn 17 00 i-hcilpo llR-pound fn In
lulU fat cvk $11.71. bulk no-pound
ffnlir Hmbi. I. 50.
ritmlitireh, IVb 22 HOCiS Brclpts
looo hird HIkIiit. HavR JfiCO :
h an nr'(ers IirIiI orkrrs und plus. 110 113
fi in 71
'lll.i.l' AMI I.AMIIH ItcrrlptH 800 ha 1
Hlnher Top (htfp 10. top lumps tt)
Sternly
CAI I.i Receipts 60 hBd. Stfddv
Tip JH VO
I'.ul hi LoiiIn. Ill . Jb 22 CATTLE
It iik ",-Ou hTd St-Mrs Hlron to 2V
I uher llul't J" S0i s 'i0 cni nnd hlf.
y irr a in m hai hlsh r bulk htlfiri
vn -f?s bulk i J.TM7.1 Mtin n
l bull I.' 'O en cillis 25c to "il
ri sher 'op HI Mi bulk 1 1 1 ft 1 2". , t K-k
,n I fi ders Mrnnir Imlk lft?7
Ilmi- liici ptM snnn hd Knlrlv
it thurj inrlv or itbou. Mertih to
in htuh r limn vntrili s iivriiffe mom
,f mil new on 200 pound buti hern Kftrly
i ' lli'jv out or line rrsiMi n ton 110 10
u llHlitu nnl nedlumr til?!) 75 bulk
nil -. $7 '"iftili picker hums and pis
tr nir o fc'i- htulier nunlit mofltlv j;ooil
hill I.I lie. eptn vm hend Hlrons to
i "i hlulier i f i ili. m ide rn lntu
m m m 1 unt to t iod eirllnffs and Inmbs
1 learl'nifii brouxlit 7 25477 511 for around 03
Il lund iiiernici ro lnmbs pold
Ist IliifTnln, I'll 12 CATTI.K
llieiiin JJ-, bi nl S,mi1 Calvis r
- mo h id AiiUi. 3fli liliilier I.liiilfi
II ,s- ni , I1h iiimi 1, , i KP nnd
I It ri. .'ifi'lir hi. In r II ivv id 17 10
ti ' fin Mill 10 75 iirkr, lluht orlir
i l I r Ml r iiinii 7 - i Hints I iifl
Mlhl'P AND I.AMIIS Ririlpts infi'i
bi ii I h'.iilv tn .'5- hluhir Lnmbii tftOt
10 earllni-e I'VifiT'n fthir $1 Vlff
0 tuea 2ff-- mix. I hIihui 5 50ti3 7."
LIVERPOOL COTTON
I lierpiMil Ib ' Spot cotton wnB
i 1 1 ml t.l demand I'rlces were lower
''"1 middling 132: fullv mlddlliiir
".' nildillliiB, 7 87 . low middling 6 72:
- nl onlliian 5 12 ordlnnr, 4 12
ilm win 1000 liulos, IntliidlnB 2700
in r r in Jleoeljits wore C4 OOli bales,
liidiiiK OJ too American ruturCH
I d Mpail Ki'lirunry 8 08 , Mnrch
11 Ma 8 0 luly, 8 57, Uctobtr,
C8 Iiocimtiir, 8 74
Prices Stronger on Paris Bourse
I'nrln, li ii Prices were htrongi-r
thi IlourHi todity Three pi r cnt
i tiH 57fr 85c pxclinngp on London
Ifr 0"e 5 pi r unt loan 83fr H5c The
lull.tr w.m iiniitPil nt Ufr "He
London Metal Market
I oniloii I'iIi ii Standard rnpprr
Mit "" 17s fid futurfH 7n electro
vtlc spiit 74. futures, 70 Tin KK)t
1 1 7 'I 5h . futuieh 17! 5s I.iail, sjMit
111 fiitnris, 10 15b ?.lnc spot 125 2h
lid futures 26 12s Cd
No Markets Today
Sim k iiml (oinmoilln mnruris ns
wll ns liniiks mill trust lompaiiies
IhrotiKliout the niuiitrj nre closed
tmln in celebrntlon of Wnshin
ton's nirthtlnv a legal lioll lay.
THE
Letters to tho Editor
Old Tariffs Out of Date
To ffc Fdltar of (he Kvenino PuWb Ltdotr:
Blr Tour edltorlM In yeterdjr' Itdue,,
"Old TarllT Out of Dte," ho wht
every InterniMlonillit In the Und ! propi
gatlnir, etpeclnlly the bankir Internatlonaltit.
Wo are told "e mut not lay profane
hands upon our eacroaanct fnretm builneia
especially exporta of manufatlurta by
etiactlnit any tariff law that will Interfero
nlth the unlimited influx nf forelim g-nndi
Ilecauae, they nay, theae Kuropeana hae
no sold with which lo pay for our exports
nor sufficient credit that theee bankers nre
nlllln to caah, and no, like ftood, hrold, sen
erous rlttten of the world, emancipated
from our former narrow leolatlon, we muit
let them pay In soode.
Were these sentlemen to ifo aa far
ou do In prnolalmlnr th.mt.lvea, free trad
rrn, no exception could be taken, but when
conscious mlmlvlnas compel them to an
nounce their continued nlleslance to the Ite
puhllcan party and devout loyalty to pro
tection but. etc., etc. (aa witness Hanker
A. Uarton Hopburn not Ions aso), we have no
alternative but to euapect either lack of
know I. den or a titanic struggle between
principal and Interest. Tou frankly state
that "a tariff law adapted tn the situation
must be framed with almost a much retard
for tho foreign producer as for the home
manufacturer." Hut. Mr. Editor. Just a
Lincoln proclaimed that this nation could
not endure, half lav and half free, so we
today cannot endure halt protectionist and
half free trade. There Is no "almost" In
our economic vocabulary We must be either
nationalist or Internationalist American or
hyphenate.
Our old-established Industries, under the
beneficent Influence of protection, hve been
de eloped to I he point where Ihey can easily
supply the. entire requirements' of the home
market. Not one of them that needs pro
tective duties to equallzt differences In pro
duction costs here and abroad can, for ob
vious reasons, seil Its products In forsUm
markets In competition with Europeans
Therefore every yard or pound of goods Im
ported means n corresponding stoppage of
such home machinery nnd loss of employ
ment to some homo workman
What Is this Utopia that Is so persistently
dangled before our eyes! The last statistics
mailable the census of 1014 lvs the to
tal value of our domestic manufactures ns
about menty-four times the total alue of
our exports ef manufactures To be exact,
4 58 per cent went to this "land of promise,"
while 01 47 per cent stayed right hero In tn
best market on earth Shall the tall wag
the dog?
No, Mr. Editor, there Is no ruch thing
as old tsrlffs out of date In the sense ou
mean The principles that govern them are
eternal and no war has changed or can
change them If there Is anything out of
,Hte. It la those who. like Old olonlous, nre
mistaking a hawk for a hand-saw.
OEOnQD C HETZEt.
Chester. Pa , February 10, 1921.
In saying that the old tariffs are out of
date the i:rtNO I'mttC I,riIBB was merely
n resting In another form what William Me
Klnle said In his famous last speech in
Iluffalo about twenty jears ago This news
jiper Is not advancing free trade, but
I. has lieen Insisting for tho past three or
four j ears that It would be a grievous mls-l-ike
to Ignore In framing a tariff law the
great economic faot that the United States
has become a creditor nation within a dec
ade and cannot -safely pursue the tariff pol
icy of a debtor nation Editor.
Defends Soldiers Needing Bonus
to fh Kdilor of ITit livening TuMIe f.rdorr
Sir In a recent Issue of the reopla's Fo
rum I read where an ex-servlco man wrote
slating he did not think It necessary for the
boys who served with the army or na to
ask for a bonus Why not! Perhaps he has
plenty Those boy who willingly went and
did their bit were well talked of while over
thiro There was nothing too good fur
them. Every one was soldier erased I hail
a joung brother-in-law who spent eighteen
hard months oer there In the A E. F.
forces who left from our home In Columbus,
O He was In all those hard fights, was
gnsvd nnd Is now a nervous wreck. If
thie lioya had been on this side In peace
the wouldn't need to ask for that bonus
for thotc fellows who wero "fighting at
home" had the chanoe to make big money
nnd were also being paid a bonus by their
employers
If they failed to receive It, they put up a
kick. The ex-service boys are In need of tho
bonus Why make them wait? The writer
who believes the boys shouldn't ask for pay
for what thry did. I wonder If ho Is as
grind a nUer ns a talker.
Washington passed a cash bonus of llfl
per month Njw what's the trouble with
the state of Pennsylvania? I sure would not
ho trying to knock the bonus bill een If I
didn't want it myself. Half of those ex
soldiers ore now on the streets selling gum
1 1 make an honest living Doesn't that look
great for those who risked thilr lives to
nie the day? Trusting this will help I
hae bald no more than any fair-minded
pemon could sa, with good wishes for your
paper always
I also wHnt to say that I think the Erit
iin rtntii I.snorn Is a wonderful paper,
and I can hardly wait for It each evening
EDNA KUI.1I
Phllade'phla, February 18, 1021
Science and the Bible
To tht I'dllor of the J-.vmitto Public l.rdatr
Sir The remarks of ' O J ' as to the
Hlble and science are fine, but need some ad
dition Home eclence Is truth not all One
only metis to look back a ery few jears to
see man things accepted as fact and truth
but now dlrrnrrted. ns "O J " rightly says
The error too many people make Is that they
assume "ft ery probable theory" to Is? cor
rect and try to fit the Hlble. to It Our col
leges are much to blame for stressing such
theories as facts
A leading biologist, Trof U S. Heale, of
King's College, Iondon, says "there Is not
the slightest eWdtnce of any relation be
tween nonliving and lltlng haUng been es
tablished by grnduHl ndunce and no ei-
dence that man bus descended from, is or
was In any a) specially related to any
other organteni " or words to these effects
Home folks Imiglne there Is but one mUs ng
link They lire nil missing. When wo are
siown at least one and given some Informa
tion as to hou It oiHT.itcil will be time
nouxh to accept it
Another cause of supposed difference be
tween I lie Hlble nnd what we understand tn
bo truth ns eeen In nature Ib that we do not
teeih the Hlble properl) Although given
clten In parable anl often in iry condensed
form It Is understandable by those who hae
e( to see and ears to hear The account
nf thi motion Is perfectly understandable
und ngrees with our accipted geologic story
If we remember thit Mens nlmobt surely
i is hIm n tht facts by means of u lslnn
and ihat hi wrote those facts ns an ob
nmr on the surface of the thn forming
irlli would have written them Any one
drubtlng the nccniint should tell us how
.Miiis leurnid the fa Is If not thlt wn
fills i)i.itr seems to he i c!rnrl revealed
truth Anv teiulitr who teachi s otherwise
should wski up
A furtlur rational explanation Is that
men weie crentrd long tiefore Adam and
thit AiUm was the Ilrst man In tho same
hrnte thut Christ wns the secon 1 nmn The
aciounts it two creations nre tint tonfused
i.irriitU'f nf the sime thing Many things
In the Hlble bears out this, and Wnchcll nnd
olher lei ling hriilnglsts hae nprrssVil Ihein
wKn ii m holding to the belief In pre
Adamites t E I).
l'hllidelphu Februir 18 1021
How About Coffins?
to the Filltitr nt (lie 'ntnlno I'ubUc l.nljjr
Sir our lending editorial Wednesday
Februnr 10 Is liemKil
It Is liiH"sslbli to prolure toi much
Mr Homer sbnwdly points nut that the
more wi make the more we ro isuint "
Hay, iblef huw about colt ns?
II IltA II VI 1.
Phlladi phla Tebruiry 17. 1UJI
A Timely L'Envol
To lie 1'cltlur at Die hvcntitu 1'ublte J.nlnrr
Mr I tut in t the fullowlng for our I'eu
pes rorimi
nip joy
hateer else nuy haprs n
Hlnce our country has gone drv
The sillor still will have his port
The furmer bae his re,
I he rntlnn still will have Its gin
Th sea cnasl have Its bar
And e irh of us will hate a bier
S'o matter where we uri
O n W
Philadelphia IMirUHrv H I0JI
The Nolan Mystery 8torles
7n thr I it'lur ill tin' r.uiilno Public l.tilptr
Sir riiriiUkh UU I would like to M'! li
word with Philip !rancls Nowliin who u
rrcditid with having wrttlui tho detrctlte
stories on vnor Inside pages While some of
Ids tmsterles uro most complex, nnd while
PEOPLE'S FORUM
-&
Lettern to the Editor should bans
brief and to tho point nP.8'lc'
avoiding anything, that would open ft
denominational or Htctnrlan discus
No nttentlon will be paid o nnony
moua letters. Names Mid addresses
must be signed ns an evidence or
Rood fn.lth, although names Will not
be printed If request Is mono thftt
trwy bo omitted. ,, . ,
The publication of a letter Is not
to be tnken ns nn Indorsement of Its
views by this paper.
Communications will not oe re
turned unless accompanied by post
age, nor wilt manuscript be saved
some are een Interesting, w would like tn
know whers he gets aorne of his dope
In Tuesday's solution of Monday's Story
Ihe strange man takes th stand that ths
howling of the dogs on lfeckshall's place
was the point on which he caught ths house
keeper. H declares most naively that "liar
ey Hunt know dogs never howl except
when tho moon la shining or perhaps under
ths Influence of some mutloat Instrument."
Buroly he himself must have been "under
tho Influence," for he continues to state
quits blandly that the dog's howl Is the same
as tho hunting cry of tho wolves, "which
Is nover heard on a dark night, when the
animals tbuld not see their quarry."
Would this writer Imply that woHos do
not hunt exoept when the moon shines?
Would he Imply that wolves fast when tho
moon Is hid?
Further: Wo would like to ask him (and
his frlsnd Harvey) If either of the two has
eer hoard of tho hunting erv of the wolf?
Or even tho wall of tho domesticated dog?
And, also, whether ho thinks tho wolf eon
fines his hunt cry until only those occasions
when ho Actually sees his prey? And, In
addition, whether or not lie Is nwaro that
tho wolf usually Is silent nftcr sighting his
qusrry? PAX VOIIIBCUM.
Pblladdphla, rebruary 14. 1021.
Protests Law
To the Editor of the Kvenlsj; Publlo Ltdotr.
Blr I note from ths dally Journal that
another "fiulllvan law" Is about to be pre
sented snd probably papsed (House bill No
2S and House bill No OS. by Mr. Allum).
I would protest that such a law simply
enables the criminal to carry weapons
and onl !lsarms ths..law-abldlng. The
criminal classes have no difficulty whatever
In supplying themselves with ss many pis
tols as wanted I would point out tho
frightful crime conditions In New Tork city
resulting from the passage of a almllar law.
Permit mo to protest as a voter, taxpayer
and real estato owner agafnst tho passage
of so unfortunsto a law.
RALPH W. 8EISH
Philadelphia. February IS, 1021.
Wants Sowers Bill Protested
r..f.'" Editor of the Evening Public Ledger:
Hlr In regard to the dowers magistrate
bill, would It not be a goifil thing to get up
a maes-meetlng tn protest sgnlnst this bill
snd get some of the ordinary people of Phil
adelphia to express their Ideas on tho sub
ject? I. for one, would like to help One
or two well-known speskers would be good
Hut I nnd that people take more Interest
when eery one has a chance to help
CHAm.Efl UltlNTOK.
Philadelphia, February 14, 1021.
Questions Answered
To Obtain Pssport, Etc.
Vo fhr Editor of the hvnlng Publle l.tdoer
Sir Will ou kindly print In sour most
appreciated Peeplo's Forum where snd how
can a passport be obtained? Will you also
print the song "A Mother's Praser"?
J M.
Philadelphia, February ID. 1021
Tou can secure a passport only through
the secretary of state, Washington, D. ' .
as no one but the secretary may grant and
Issue passports In the United Htales A fee
of tl Is charged If ou will write to tho
State Department, Washington, they will
send jour blanks for application.
We d) not hae a copy of the song "A
Mother's Prayer " Probably a reader can
supply It
Earning Way Through College
To fr Kdilor of the Kuttlno Put He Ledger.
Sir Are there any colleges In this or
neighboring states which afford a student
the opportunity to earn the greater part of
his board and tuition at the school?
Has a student self-supporting plan been
adopted b any? C. A MARTIN
Philadelphia, February 15, 1021.
Almos all colleges hsve emplomnt de
partments connected with them to assist
loung men and women who are compelled
to earn their way through college by secur
ing employment for them at odd hours
There are no schools, howeer, that obligate
IhemseHes "to afford a student the oppor.
tunlty to earn ths greater part of his board
and tuition " We cannot say If any specific
"self-supporting" plan has been ndopted
How Did He Do It?
To the Pdltor of the t.vti Ing PiiMIe Ledger'
Hlr I am Inclosing a problem which 1
think will interest your readers In Its solu
tion A farmer had one full eight-gallon Jug
of elder. A boy la sent to get four gallons
of the elder, but tho farmer has only an
empty three-gallon Jug, besides the empty
fHe-gallnn Jug the boy brought and the full
elght-gullon Jug of the eider.
JOSKPH ZAMPIEH.
Philadelphia. February 18. 1021.
Answers Three Problems
To the Kdilor of the Evening JHiWe Ltdetf
Sir In answer to n problem by "f. I.,
E " to find the area nf space Inclosed by
two Intersecting circles distance between
centers Is 30 feet, diameters equal 80 feet.
would state thit answer Is opprnslmotely
85S 1-3 square feet
The answers to tho second problem sre
Output 10O2, U-2.14R74, 1003, 144,.
ISA 51; 1014, $120 830.25.
The answers to "W. L D 's ' problsm sro
8 12 20 nnd 5
Pliof 812 205 45 8 1-2 10
12 'J-IO 5X2-10
A MILOIIEN, Jr.
Philadelphia rebruary 14, 1021.
1 Berkley Street, Cambridge, Mass.
To fhe Pdltor o the Ki enlno Publlo Ltdotr'
Hlr Will ou please give me the address
of limit King, author of "New Heaven and
Earth"? WII.MAM A HAUEH
Pleaeantvllle N .1 , February 12, 1021.
"fl 8.' John r- Rockefeller, Jr 's Njw
York reslderco Is 10 Fifty-fourth street,
Poems and Songs Desired I
Words of Song Wanted
To the Editor of the Evening Public Ledger
Sir Can any one give mo the words of
the following song beginning
"With a bun Hi on mj shoulder and a thorn
stick In m hand
I ride In I hlladelphls, Ike a roaming Irish
man
MAROARHT J. MoCr.URK.
Haverford Pa , February 14, 1021.
Can a Reader Supply It?
To th. Editor at the timing J'ublfo Ledger'
Sir I will sppreilnte It very much It
Miu will have printed In your People's Forum
the words of the song entitled "Soldiers of
Krln." 1A.MHS K MURPHY
Phllartelphts l'ebruarv is inj
Author of Song
To the Editor of the Evening Public I tdner
blr In reply to a question Inserted In
nur newspaper by I) llrown In regard to
tho song "frying" I bought this song in
one of tho muslo stores alonar Market street
hut In th music roll, without the words
The girl ho wrote this song Is Hlesnor
Young JACK HAVIS
I hllndelphla, February IS tftjl
Wants "Lincoln Favorite"
To the Filitor of fbr Evening Public Leditr
Hlr I would like to have n poem said tn
bo a favorite of President Lincoln Do nut
know the title or the author One part hits
these lines
"When the battlefield Is sllem
You ran su with caroful tread
You can bear awa the wounded
You nn lover up the dead "
RAHAH O (OOPHR
Camden lie Teb 10 1021
Bryant'8 "Thanatopsls"
To (he I'dllor at the Pvcwlng Publle 7,c lgrr
Sir Kindly advise me from what poem
The people's Forum will i-norar dn' r
n the I'venlim Puhl'e ller. and also
In Ihe Huniliijr I'liblli Iwlser. let?,"
dlMussliig Hmels loplrs will he printed
lln well ill. rminei.te.1 i.,w ..... ... -..i.,"V
J of general Iniwat will hi , slui rVrd.
eellflttnn ne ritual It. e-,i
taken, or ask somo of the reaar, ill. '",
the People's Forum where same cT
found. I would greatly appreeC. LU
tho remaining lines: c " el"
"Live so that when the ,nd of thy ,
comes. '"' Hit
And tho Innumerable caravans of dean. .
beckoning unto this," etc "
................ ..... .. T A
hllle.hU V.k... ... .'. R
-uiinueipma. renruary H P2I
....nUv. .... .cuiumr in JD2J
ou sre undoubtedly misquoting nn.. ..
last verse of Bryant's "Thnlt'onI)V"0Bi;
n too long for ue in n.i.i . ..."'"
Ihe lit.
..... ,.... ...,,.,,. inanatoDils
h1f.m.i0,hevsrl0r U" ' "..: )
"So "jnht when thy summons com.,
Tho Innumerable caravan which mow.
To thamyslerlous realm, where !,.
Ills chamber In the silent hall, f ,,.
n'ght? ' ,he ""w-su" .1
"wtlud1" dl"""0n bul ln.d im
D "grave'"""1" ,rU"' r'pro,leh
UU couch110 UrM th df,,,ery f W,
About him snd lies down m ,.,,
drDims " i'iiii
An Old Song
To the Editor of the Evcrlig Publ.c I ,,..,
Ell Believing you- 'iaders will treon-.
H"1 H? SAIWATH MOn.N'INij
Oh! the Sabbath morning beautiful .m
bright.
Joyfully wo hall Its golden light
Olid to have a day of sweet and holy m.,
'TIS the day that God has b est
Day clm and holy, day nearest heaven
Osy which a Father's loin has gU.n
b I h5Abb"' mo"iilnr beautiful mi
Olad we hall Its golden light
test us spond tho moments of this holy 4,
So that when we nil sha'l pais nnsy
Sweet 'twill bo to know Ihe uulel Sihh.ih
een ,n
n rings us one da nearer henen
Day calm and holy, day nearest heat.
Day h,cn a n,ther'" m, ,, Ken
Oh! the Hnbbath morning beautifu .nn
bright,
Olad we hall lis golden light '
Philadelphia, Pebruan IS lo:t
Answer to "In Flanders Field"
To the Editor o) the Evening Public .cifo'r
Sir Will you kindly Insert In Ihe Peop -
Forum the poem which was written In m.
swer to "In, Flanders Field"?
nonoTHY i. toopEn
Marcus Hook, Pa.. Februarj 15 1021
There haxe been s. number of anastn
This Is one:
AMERICA'S ANSWER
Hy R W. l.lllsrd
Rest e In peaco. vo Flsnden dead,
Tho fight that Se so gravely led
We'e taken up And wc will keep
True faith with sou who He as'rep
With each a cross to mark his lied,
And popples blowing oerhead
Where once his own life blood rsn rt
So let vour not bo sweet and deep
In Flanders Heidi
Fear not that ye hae died for naught
The torch ye threw tn us we cauxht
Ten million hands will hold It hlxh
And freedom's light shall neer die
Wt've learned the lesson that se tauili
In Flanders fields
Jack Rruole We ntnroi teprint r
Face Upon th Floor," bul If xou wM ,nt
lis a stamped addreistd envelipc we w
mall sou a copy. '
Joseph McDevItt We emnot cu era.
t the printing of "Fnrbir trlichi
which Is lo tie fourd In all roplei of w,
tier's poems snd In nlmnst exers popu a
collection of poetry. The objert of the l .
plo's Forum Is to print pomi and word-
songs virtually cut of print
"C. 13 IV asks fur a porm conlaln'rf
these lines:
"I have no mother, for she died when I wi
xery soung.
Hut still hr memory round my hesri llki
morning mist hni. clung "
"Reader" asks for the Irish s'mx entltlM
" My Owri Home Town In Ireland."
IN MKMORIAM
GKEHR In loving memory of AI.ltn
1IAHH1H Or.nitn who departed this I
Feb 22. 1915 IIUHIINO AND SUN
OUII.FOY. In sad and loviiie rernii
branct of our dor inither JI'I.IA who i
parted this life. Feb 22. Ililfl May she rt
in peste
Sadly ml Med by liushnnd and fsmllr
deaths
ADAMSON Feb. 10 JOHN FPEEMOv
son of Ida and late William Adainson It
atlves and friends, students of OlmrJ I
lege, Invited to funeral service, W.d i p
m . psrents' residence f(i02 v nth t I
prlvste, American Mechanics' Cem
Atl.NCW. leb. 20 1U21 at h I reslden
1512 N Armrlcnn at . MARY 1 dsuthi
of the la'o Dennis am) Mais Agnen (n
Diamond). Relatives ami friends art
vlted to attend funeral Wed . S 30 s "
from tho residence of her i-ousln Joi-n
J, McQunld. 1450 N 4th st Solemn lit
requiem mass St Michael a Church 'I
a m Int New Cathedral
AI.KENTZKR husband of the late U4
Alsentxer (nee Campbell) Relatives I"
friends also John Uraun nen Asso Imit
tn funeral services, Thurs , . p m
dence of his brother, Charles Alienor P
N Randolph si. Int German I uthr
Cem
AI.THML'S At Atlantic Cltv Feb y
CATIIRIUNK Al.TKMUS mother of Jm -nnd
lllanche Attemus Int. Tannerm
Pa.. Wed ,lnm
llAM.AYKTTK On Feb 10 1D2I KATM
'IRINU C . wldcw of OIILerl Hallayrlte It'
atlves nnd friends aro Invited to Ihe '
lees, on Wednesday aftornnon at 13'
o clock, at her late residence J22A Aipr
st Interment at Hillside ('tindery, lewi,
Tuesday evening
UKINB On Feb 21. 1021. WILLIAM
HUlNi: Relatives and friends sleo W
tngton Lodge. No 59 F. and A M H'
niony Rojal Arch Chaptor. No 32 anl '
Masonic Veterans and Masonic Anclrnti
Penna are Invited to the services on Thur
day afternoon, at 2 o'clock, at the resMt"
of his son-ln-la'v. John W. Hew IP 2 "
Wyoming ave.. Oermantown Interment n
IlinDLB At 2135 N Camar si T
21. ANNA W wlfo of William IHdlle t
7R. Relatives and friends Invited lo funur
services. Thurs, 11 a m at Armstroni
11127-211 N nroad at. Int. private
nitADKN. Feb 21. KM7.aiU.TH , f
RRADK.'N (nee Cllne) Funers servlet'
Thurs , 2 p m.. at chapel of Andrew J I
a Son, Arch and 10th sts
l.UdKMAN 2d Mo. 10th 1021 OEOrtO
C. HUCKMAN. aged 00 Funeral sin It'
st late residence, near Newtown ra , .4 "
Das 2d Mo. .'3d. 3 P m Train fir '
town le.ivos Reading Terminal Pnllu 1 J
P' luRIC Feb 20. MARY, wife of r.tfl
Rurk (neo McCormlck) Relatives and frjw?'
Invited to funeral, Wed S 3" o m 21-;
Dover si Solemn requiem mass Ji
Precious Rlood Church, 10 u m. Int "
Cross.
UUIIKS Feb 10. CATHARINE,, "
ler of James H snd Mary llurni n;!;111
snd friends are Invited to attend fwr
Wid. 50 n. m. from her parents rn
dence 5015 Stokes st (leicust ai' L "
Musgravo St.). Oermantown. S"'
requiem mass Church of the Imrn" 'J
Conception. 10 a. m. Int Holy HPUi
CeHHSH.-On Feb. 20 1021 OFOnOK VI
RUSH HervUes on Wednesday afternoon
2 o'clock, at his lato rel!ence l"'
IRth st. Interment private Friends m
call Tuesday evening ,. V t
CALLAHAN Feb 20 rMr-W J ,j
loved wife of the late Charles Caiuran j
beloved daughter of Joseph snd M T.wi
Cosker Relatives snd friend" sre mj iiffl
to attend funeral Thurs S 10 a m
her late resldenc 2211 nf,biiirch 10
requiem mass St Patrick's Church i
m. Int Holy Cross .,,,
CARRY -Suddenly. Feb W
M . husband of Johanna II ",'"",(
Services Tues , 8 p m . brother '"" inl
Oeorgs W. Carey, 2080 homemet st
Poltstown, Pa ,-,.., ion "'
C.TTnLL Feb 21 MINIS n1. j
Cha?lT, C and Ida C'atlell (nee Uwl. ,'
1 1 Services Thurs. J P m mv "
quehanna ave urnVAUP hu'
. CAVANAUOH Keb 20 HEnAIlP
ami oi noien aiarn- '"-:--. mvlted "
oon). Relatives and friends are lnv" ,
Itend funeral Wed 8 30 ''r7oi
once, 51130 WnlKm ave Solemn rr ,
dence, 51130 Walton ave ""'""' Int
mass St, Cartnoge s inu.i- -
IIOCO,iriNS.-Fcb 1H 1021 MirilABIe.i.
WnSteirn ,?.?.
from h s late resident ,"' 'J , .lin ("
r,Uapf..nru?ChrToU.m nT'ln." e..m.-. '
it'MIHn-Feb 2. 102. Oltor.
Iieloved nusnann ui ";-.. socslies "
llelallves and friends and all so fl ,,
which he was s member sre nvi
ii ml funera Thurs, U,' ."'. inri
.I'l'ice' 1344 W , W"nV'nnjThuPhj0 '"
rniub m mass St "",'"" " l ' .,
In Holy Sepulchre I'm josi r"
DI3 aiNDA. Sudlenl , . ,,,.
S .ovrd liu'latid of It"" a""
acid 111 neljilH" n,'f,,?'l ,-'
i.-hneWer 1-oJse .N0,."1; v m 'r,
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