Newspapers / Greensboro Daily News (Greensboro, … / Dec. 19, 1921, edition 1 / Page 1
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BOKO DAILY WEATHER Fair Tdar. Tuesday lTa settled Rata. You Want All the News About Businest Read the Ads Daily VOL. XXV. NO. 154 gumst) AS SECOND claw matto AT rOftlWFKI. URBEN.SBOH), N. c GREENSBORO, N. C, MONDAY MORNING, DECEMBER 19, 1921 DA1I.T ANT (H'SPAT. .( rT.1 TUI DAILY ONLI. II.M Hi EA1 TRICE FIVE CENTS BUFFALO IS SWEPT BY 95-M1LE-AN-H0UR GALE FRENCH PROPOSAL NOT OF TAR HEEL WORKERS NOW IN BUSINESS WORLD IDE TOTHE HIGHEST FOR YEAR EAST IEK GREEK EWS Plate Glass Windows Broken and Trees Uprooted. ONE MAN LOSES HIS LIFE Two Ladies Caught Under Fall ing Tree and Firemen Have to Cut Them Free. WIRELESS TOWER RAZED Wind Blowing Dim Lake Erie. Pile Up Water Until Bird Ulna Pier Ad Nona Ulan Are Com pletely Submerge. (Br AaodaUd InmA , Buffalo. N. Y., Deo. 18. A 5 mllean hour gale awept the city today, up rooting trees, tearing down chimneys mashing- plate gass windows and piling up the water in the harbor to an unprecedented stage. One man was Killed In the storm, The damage throughout the city was great, but heaviest ; losses ooourred aloifg the waterfront where a 800 foot wireless tower was demolished, boat houses and small docks were swept away and several hundred pleasure craft were smashed : or carried down the river. . j The property loss will run into hun dreds of thousands of dollars. A window hatch torn from the top of a business block fell on a passing automobile, killing Frank E. Krlefer, on of the two occupants and Injuring the other seriously. The hatch went through the windshield and pinned Krlefer to the seat. The automobile, 'with both occupants unconscious, ran about a block before It swerved and crashed Into a store front. Two women were caught under a falling tree near the water front. One of them, miss Margaret Cochrane, sus tained both legs broken. Her sister, Katharine, was Internally injured and firemen had to cut away part of the tree trunk before she could be releas ed. , The wind, blowing from the south west directly down Lake Brie, piled up the water unti? Bird Island pier and Squaw island (were almost com pletely submerged, Nearly 100 squat ters' shanties wers' carried out Into the Niagara river, rneir occupants were rescued by police, firemen and coast guard crews. . Three ferry boats used In. the ser vice between Buffalo and Fort Erie were piled upon the rocks between the river and the canal. At Tonawanda the water rose eight feet above normal, flooding the large lumber yards there and carrying thous ands of feet of timber Into the river and over Niagara Falls. A dredge an' thored off Grand Islands began to drift toward the falls, but managed to find anchorage by digging lis steel dipper into mud on the river bed. Seldom has such a volume of water poured over the brink of the Niagara cataract as today. The waters of Lake Erie crowded Into the Niagara river, caused a swirling flood where usually there are only a few scant Inches. Such floods poured over' the precipice that the pier of the Maid of the Mist was submerged. Many inlands Just above the falls were submerged for the first time in years. Great property damage was done on the upper river between La Salle and Niagara Falls to River Side boat houses and motor boats. One estimate of the property loss there is 1300,000. 'No loss of life was reported. " All the large lake boats here weath ered the storm. Some dragged their anchors, but none was beached. Three gasoline fishing boats were sunk In the harbor at Dunkirk. '-" . HIGH WIXDS AND IIKAVY RAIV VISITED SEW YOHK SUNDAY New York, Dec. 18. Winds of cy clonic character, accompanied by heavy rains, visited New York today, caused slight damago in lower Manhattan, then jumped to the Bronx and wrought destruction over a wide area in the union port section. An unidentified man. dead from exposure, was found on a bowery sidewalk. MRS. J. A. BRITTAIN DIES AT SPENCER HOSPITAL Nke Was Operated Saturday and Was lining Nicely Wfcra Tkere Was a Turn for Wont, (Rimrlil lo Usllr Niwi I Spencer, Deo. 18. Mrs. J. A. Brittaln died here very unexpectedly at an early hour this mornling. . she had been carried to a' local hospital for an operation which was performed Saturday. She stood the operation all right and it was thought she was getting on fine when some unexpected complication arose resulting in her death. Mrs. Brittaln was well known and highly esteemed here. She was a member of the local lodge of the Daughters of Liberty and of the aux iliary to the Brotherhood of Hallway Trainmen. She was a good. Christian woman and the whole community has been shocked by her sudden death. Hhe leaven a husband and four small children besides a brother, Rev. R. E. Htack, of Krwln, Tenn,, and four sis ters. Mrs. Tucker, of Friendship, Mrs. Lena Meadows, of Kcrnorsvllle, Mrs. Jessie Strutton, of Summerfleld, end Mrs. Daisy- Bethenla, of Central, S. e. A brief funeral service was held at Ihe residence on Yadkin avenue this afternoon by Rev. Tom P. Jimlaon. and Dr. John Wood. The remains will be carried to Colfax tomosrow on an early train, where the funeral proper will be conducted from Shady Grove church by the Rev. Mr. Hill STORE Y'VLXj OF GOODS AT SPEXCER KTOI.EX SATURDAY tftx'Ll ui Uiili Vn.1 Spencer, Deo. 18. The store of J. Sleeloff was almost removed by tsbbers Saturday night, several hun dred dollars worth of goods being carried away In a truck. There la no clue as to the Identity of the visitors. Thermometer Readings The temperature In Greensboro and vicinity yesterday, according to A. H. Horry, local government observer, was: High 1 Law it Wreck Conference Or Submit to Unequal Treatment. THEY'RE OUTMANEUVERED Feel They Have Been Treated As Poor Relation By Other Pow-. ers In the Conference. THE SAME OLD QUARREL As For Battleships Tkey Insist Tkey Have a Hlgkt to Build, Tkere la Mo Probability That They Would Be Even So Much As Begaa. DtlLr Ihn Bureau ud Telecnpb Offlet. 823 Alto, BuUXIui (By load Win) i By FRAKK H. SIMONDS. (Owrtlbt. 1031, bj the McClun Nnnpiprr UrndlciW.) Washington, Deo. 18. "What is the matter with the French?" This ques tion pretty accurately expresses the present feeling in Washington In view of the crisis which has been produced by the French demands In the matter of naval strength. The answer Is neither easy nor simple because a great many elements are Involved, but certain facts or certain circumstances have created a French state of mind which largely explains the French ao tion. The French came here as one of the great powers of the world Invited to the conference and expecting that equal participation which American like British representatives had at the Paris conference. This equal participa tion they assert that they have not en Joyed at any time. - Instead they feel that with the Italians they have spent. most of their time cooling their heels in their hotels, while Great Britain, Japan- and the United States have dis cussed the problems of the Pacific and the question of sea power. They have seen British and Japanese rights and Interests recognized and their points of view heard with respect and atten tion. Up to the moment when the naval ra tio Issue was raised France had had exactly two Important relations to the conference. M. Brland was permitted to express the French view as to land armaments and this subject, in defer ence to French views, was dropped. Again' after the United States,' Great Britain and Japan had been working on a three-party agreement In the Pa cific for many weeks, an agreement was reached. The French, who had nothing whatever to do with the prep aration of this agreement, were per mitted as an act of grace on Mr. Hughes' part, and against the wishes of the British, to become a signatory., - Last Thursday, after the British, the Japanese and the United States' repre sentatives had reached an agreement upon the subject of naval ratios, the French were called In and told the ra tio which, in the opinion of the United States, Great Britain and Japan, repre sented the maximum of French claims. From the French point of view this constituted no more or less than in dicating a dotted line on which France was invited to sign without eeremony and without aroUrst. ""- -Seemed ta Be la Trap. ' When the French, Instead of signing presented their views on what their naval strength should be not only was this estimate instantly opposed both by th United States and Great Britain, but it was also made public by a Brit ish agent with the obvious purpose of arousing American sentiment against France. Thus the French found them selves in what seemed and seems to them a trap. No one has published the first proposals made by , Great Britain, for example, as to an Anglo-Japanese-American treaty. No one published at the opening of the dis cussions anything which purported to represent British views, although everybody knows that the British ad vocated something much more nearly like an nlllance than the four-power treaty which was adopted. Absolute secreoy was preserved up to the mo ment when agreement had been reach ed and no opportunity was allowed for attack directed either upon Great Britain or Japanese for proposals Which, from the American point of view, unquestionably seemed extreme. . But the publication by a British press agent of the French naval pro posal places the French In the position of seeking to wreck the conference, when from their own point of view they are merely making that statement of their, views which they have an ob vious right to make, a statemenVwholly analngous to those made by Japan and by Great Britain at the outset of the discussions over the raclflc problems. They've Been Out-Maneuvered. No one on the French side at all mis understands the fact that they have been out-maneuvered; that the exer cise of the right of presenting the view of their country now takes on the ap pearance of an attempt or a willing ness to wreck the Washington con ference. But the very fact that they realise that they have been complete ly out-maneuvered by their British al lies contributes to make the French more Indignant and more resolved to hold their ground. Tkey are keenly alive to their Isolation: they are equal ly alive to the fact that Isolation is now inescapable and has been made Inevi table by the series of maneuvers which have gona on here on the British part from the beginning. The; French are proud and sensitive. They see no reason why they should have been excluded from the Pacific conference and only called in at the last moment and permitted to sign the agreement which the other three Pa cific powers had been working upon or a month. They are even more sensi tive over the fact that after five weeks of negotiation between the Americans. the British and the Japanese on the subject of naval ratio, France should be expected to accept the decision of three other powers without question, and thRt a French counter proposal 'should be translated Into an attempt to wreok the conference. . Are in n iiiirmmn, The dilemma which France Is In is obvious. They must either submit to (Continued on page four.) . J. W. CANNON IS VERY ILL AT CONCORD HOME He Suffered Severe Heart Attack Sun day and His Death Is Almost Hourly Kspected (Durrlil to Villr Sml Concord, Dec. 18. J. W. Cannon, one of the moat prominent cotton mill men of the south, who has been seriously ill at his home here for the past ten days, suffered a severs relapse early this morning and his condition Is so critical that death is hourly expected. Mr. Cannon has been suffering with heart attacks and he suffered the most severe attack this morning and has failed to rally. Members of his family have been at his bed side for several days. One Effect, However, Will Be to Delay Adjournment. SOFTER ATTITUDE LIKELY America, England, Japan and Italy Do Not Expect Rigid Insistence On Ratio. CHINA STUMBLING BLOCK Her Request- (or Abrogation of The 1915 Treaties Has Put a Cheek oa Early Solution of Far Eastern Problem.- nr AuecUUd Pml Washington. Dec. 18. Although fur ther Instructions from Paris are ex pected generally to soften somewhat the attitude taken by the French del egates toward the problem of naval ratio, many members of the arms con ference are looking forward to an animated and perhaps prolonged dis cussion before the French views fin Ally are brought Into accord with those of the other powers. ' There apparently is little expectation in American, British, Japanese or Ital ian circles that the Frenoh govern ment will Insist rigidly on the proposal of its naval experts, already present ed to he conference, for a French capital fleet of 860,000 tons, but at the same time enough of French opinion on the subject has been revealed to dampen hope that the counetr pro posal for a 175.000-ton fleet will be eadlly accepted. It would not surprise some of the delegates if the discussion lasted Into the new year and upset the plans of the British to sail for home in Decem ber. Until the word expected momen tarily from Paris Is received, how ever, no one In authority now will make a prediction as to the probable date when the conference will be over. So far as the far eastern problems are concerned, there aeems to be lit tle to delay an adjournment The Shantung negotiations are understood to have brought the Japanese and Chinese almost to an agreement on that subject, and only a few Items In far eastern agenda remain to be con sidered. Some of them appear at first glance as likely to be difficult to handle, yet the delegates seem to be generally of the opinion that If thu naval problem can be solved, the far eastern end of the conference will be wound up speedily. China's request tor abrogation of the 1918 treaties, resulting ' from the 21' demands form the most formidable Immediate stumbling block In the way of a far eastern accord, but In many quarters It Is believed that he point never will be stubbornly pressed. Japan already has objected to discussion of the treaties by the conference and it Is recognised generally that no nation can be compelled to talk about a ques tion It considers outside the scope of the conference. In addition, there have been hints of strong support from oth er powers - for - the Japanese conten tion that the conference should not attempt to go Into "close Incidents." Neither Is It considered likely that there will be any attempt to discuss the problems of Siberia In detail as has been done in the case of China. The Japenese are said to be preparing a general declaration, of policy for future protection of the territorial in tegrity of Siberia, and some of the delegates believe the conference can well accept such a declaration as cov ering the situation. Others want to see a joint declaration of the same kind by all the powers, but of a char acter so broad as not to require' pro longed negotiations. french attach dbfinitb schedule: to proposals Or isotiiiit PresU Washington, Dec ,18.--Froposals made by the French delegation Thurs day to the naval committee of the armament conference Included a defi nite schedule of construction whlcn contemplated the replacement by 1941 of the present French battle fleet by ten new ships totalling 860,000 tons. The proposals and the accompanying schedule of planned construction were presented with the full authority of the French government, It was learned on best authority tonight, and were not, as has . been Indicated In some quarters, merely "a tentative depart mental plan." . . Authoritative French opinion, as obtained tonight, was that the plan and Its resulting ratio for France was entirely reasonable. It was made plain that there was no disposition to modify the proposals In their vital features, or to accept the 176,000 ton ratio proposed by the American dele gation. , The first new ship would be laid down in 1928, under the French plan submitted to the committee, and each year the keel of an additional ship would be laid to gradually replace and augment the present capital ship tonnage of France which, In the opin ion of her government, its antiquated In design and Inadequate to properly protect the nation's Interests. The naval experts of the Frsnch delegation estimated that the last of the new ships would be ready tor service In 1941, or not before 10 years after the period of the naval holiday oontemplated In the limitation agree ment now before the conference. The essential features of the French plan were submlted in committee in a tabio Illustrating proposed construc tion, as follows: Year Capita ship tonnage. 1926 HI. 000 (all old dreadnaughts). 1931 200,000 (two new; six old dread naughts). m 236.000 (l'old; 7 new dread naughts). . 191t, 460.000 (10 new dreadnaughts). An analysis of the table, It was ex plained, would show that the French navy at the end of 10 years would figure about 200,000 tons of capital ships, including two new dreadnaughts, and that this would be only 60.000 tens. representing approximately the ton nage of the two new shls,"" over the allot ment made toFrance under the American plan. The Paris government has been kept fully informed of what transpired in the conference on Thursday, Friday and Saturday. No recommendation for change has been made from the del egation here and no supplementary In structions have been received from Paris. The conviction exists among members of the delegation that none will he received unless recommended by the delegation. The members of the delegation are confident that the more their figures are examined the less will they be op posed by either the American govern ment or American public opinion but even If 'they were found unacceptable they declare It Is not seen how they could be reduced materially, having (Continued on I 'ag Four.) Number of Farm Laborers De creased 10 Per Cent. In Decade. REPORT ON OCCUPATIONS Of State's Population More Than 895,000 Are Classified As Gainfully Employed. THE ACTIVITIES OF WOMEN Some Found In Road aad Street Build ing, Draylng and Teaming, Car. neutering Decreases la Do mestle Beryl re. Dtu Ni SiuvMi iik Tvletrtptt Offles, IS Alto Bulldlal 7 Uuet Win) By THBODORB TILLER. Washington. Dec. 18. Demonstrat ing that the average Tar Heel Is an industrious person, the bureau of the census made public tonight Its count of the "principal occupations" In North Carolina taken In 1920. These occupa tion statistics, showing a majority of Tar Keels will be found engaged la "gainful occupations,"" likewise Indi cate that more than 60 per cent of the workers of the state may be classed under the head of farmers or farm laborers. Operatives In cotton mills come next In number. Before getting down to the detailed figures for various occupations, the North Carolina figures are particularly Interesting as they cover the activity of women workers. For Instance: In 1920 the state had several female laborers engaged In road and street building. In the same year there were In North Carolina 10 feminine dray men and teamsters whereas there was no one in the census of 1910. Further revealing the activities of women, the census report shows that in 1910 North Carolina had 21 female lawyers, judges or Justices, against none In 1910; likewise four female car penters in 1920 and none in 1910, and also 60 female foremen and overseers In manufacturing plants 1 1920 against 49 in 1910. In 1920 the state had two female painters and varnlshers, the same as In 1910, but their residences are not fur nished In ths census report. On the other hand, the state In 1910 had 68 female physicians and surgeons and this number dwindled to 29 in 1920. High Lights Of the Report. Ths high lights of ths report of the census bureau made publlo today on the occupation statistics (or North Carolina follow. Total population of North Carolina In 1920, 1,669,129, Including 898,162 males and 202,700 females 10 years of age and over who were reported as gain fully occupied that Is, working for salaries, wages, profits or other forms of pecuniary compensation or Its equivalent Of the males gainfully occupied 260,906, or 88.1 per cent, were farmers (Including those operating turpentine farms) and 122,166, or 19.1 por cent, were farm laborers (either working ' or on ins noma larms). Thus (6.1 per oent, or more than half, of the to tal number of gainfully occupied males were engaged In agriculture. The number of farmers represents an In crease of 10.1 per cent as compared with 227,884 In 1910, but the farm la borers showed a decrease of 28.4 per cent from 207,867 In 1910. The number of females gainfully occupied In 1920 Included 1S.370 farmers as compared with 18,280 In 1910 and 68.162 farm la borers as against 148,788 In 1910. The deorease in the number of farm labor ers of both sexes was due In large part to the change In the census date from April 16 in 1910 to January 1 In 1920. Other Occupational Classes. The remaining occupational classes for each of which at least 10,000 per sons of both sexes were reported in 1920 stated In the order of their num. erlcal Importance, are as follows: Semi-skilled operatives in- cotton mills 24,967 males and 18,749 females: servants and waiters 4,866 males and 21,821 females; retail dealers 18,147 males and 617 females: laborers In cotton mills 13,069 males land 3.824 females; launderers and laundresses not Including those employed In laun dries, 296 rnales and 16,186 females; salesmen and saleswomen 11,617 males and 3,654 females; school teachers 184 males and 12,461 females; carpen ters 14.401 males and 4 females: labor ers in saw mills and planing mills 13, 078 males and 194 females; laborers In cigar and tobacco factories 7,030 males and 4.848 females: general la borers, laborers ernployed on buildings and laborers for whom the line of (Continued on Page Four.) ' MECKLENBURG LADY IS ATTACKED BY NEGROES Desperate Attempt Mode At Criminal Assault One Negro Now lu .... Hownu Connly Jail (Br Aurlibd rrm.) Charlotte, Dec. 18. City and county officers and posses of cltixens have spent the last 24 hours In search of Adam Miller, alias vAdam Brown, one of two negroes charged with having made a desperate attack upoa a well known young , white married woman at her home about a mile outside the city limits last night. The other negro, Fred Ardrey, who was arrested shortly after the crime was committed and taken to Jail here, was removed early today by officers and taken to Itowar. countv lull at Salisbury. The victim of the attack, who was taken to a local hospital last night. In a highly nervous condition, with many bruises on her body, according to her physician, remained under treatment tonight, suffering from shock and bruises. Coventor Morrison, at Raleigh, to day communicated by telephone with Mayor J. O. Walker and announced that the state would pay a reward of $400 for the apprehension of Miller and that he would order a special term of Mecklenburg Superior court to he held Immediately for the trial of the negroes. Let us help you solve that gift problem. A Pnls-l p Kubsrrlptlon To The GREENSBORO DAILY NEWS offer Rplntdld nlution. Number of oar rrnilern mnke n pmcttre nf Vlvlnft m yemr'm ittewrlptlON. Am rrndrr yon know and iipnrrrlntf! how much tbU nrwflimper mrnn In rnal.ll.iK VO( t ciMnlii a rorrtW vlrw polnt. Your friends will rnjoy the Dully Sevrn, The rot trlfllnv compared with the value rerrlved. Let the dolly reminder of your IhouKhtfulneaa he aubiierlpttoti to the atfttr'a heat newnpaper, the GREENSBORO DAILY NEWS 4 l A" 1 ' tt Mrs. Norman de R. Whltehouse, society leader and suffrsglst, finding social life Inactive, has entered the business world. Mrs. Whltehouse has chosen the leather industry as Ihe field for her new activity and has purchased the con trolling Interest In the Iluuhan-Murphy Manufacturing company. She la presi dent of the organisation, which she will rename the Whltehouse Leather Pro ducts company. 500 Persons Arrested In Raids by Chicago Police IS JUST A STARTER Chief Fitzmorris Has Promised to "Make Chicago So Dry That It Squeaka." ; SOCIETY FOLK ARRESTED (t AuodlMll Fran.) Chicago, Deo, 18. Five hundred per sons are under arrest here charged with violation of the prohibition laws. The prisoners are being held at va rious pollcs stations throughout the city. Chief Fltsmorrls said today that plana for further arrests were under way. The arrests were made last night and today In wholesale raids conducted by the police at the order of Chief of Police Fltsmorrls who has promised to "make Chicago so dry that It squeaks." I Among the places raided was the exclusive Casino club whloh numbers among its members many Chicago so ciety folks. One man who the police said was found with a bottle of liquor In his hand, was arrested. Other mem bers of the club were not molested. Mil. Ill tilllCH COMMUNICATES WITH FHKKCH OOVF.ItKMKNT (Br AimiiM fran.) Washington, Dec, 18. Secretary Hughos. as chairman of the armament conference, has communicated directly with Premier Hrland, of France, re garding the situation which has de veloped as a result of the stand of the French delegation upon ths ques tion of naval ratios. ... Mr. Hughes is understood to have called the attention of M. Hrland lo the entirely unexpected nature of the, French proposal and to its failure to harmonise with the basic principles upon the limitation of uaval arma ments plan was drawn. Forecast By states. Washington, Doc. 18. Virginia, North and South Carolina: Fair Monday; Tuesday 'unsettled, probably rain, out much change In temperature. Georgia: Fair and somewhat warm er Monday; Tuesday rain. Florida: Fair Monday, warmer In ex treme north; Tuesday unsettled, prob ably rain In north.. Extreme Northwest Florida, Ala bama: Incroaslng cloudiness and warml er Monday; -Tursdny rain. Tennessee: Increasing cloudiness and somewhut warmer followed by rain In west Monday afternoon or night; Tues day rain. ' Louisiana: Monday Increasing cloua- iness probably rain In northwest warm er; Tuesday rain, coldtr. Arkansas: Monday Increasing cloudi ness followed by ruin, warmer; Tues day probably rain or snow, colder. Fast Texas: Monday Increasing cloudiness, followed by rain In north; wurmcr in east and south; Tuesday rsln In south, rain or snow In north; colder In north and west. - - , West Texas: Monday cloudy In south, rain in north turnliiK to snow In the panhandle; Tuesday unsettled probab ly rain or "snow, colder." V ' i. v. 4 ' "' . . F -. . " ' ..... .... i J " . - t r 1 I f 1 Violent Earthquake Somewhere to South Washington, Dee, JH. An earth quake aesrrlbed as "very severe" was reeorden today ou tke sets ntogrnpk ut Georgetown unlver slty, bealimlna ut loiBT a. m., und rontlntilng until about noon. Fa tker Tondorf, of tke university's elentlne stun, estimated tknt the direction was south of Washing ton, and the distune us nnnrnjl. mutely a,5O0 miles from this city. EXPECTING COMPROMISE FROM PREMIERS' MEET London Considers It to Be As Important As Gathering In Washington. TO FACE BROAD ISSUES ' Isnlsl Cikli Is silly Sim. My NORMAN W. BAXTKH ireprrisM, itii, if ruiiMitiia rusus udnt.i - London, Dec, Is. The conviction that th meeting between Mr. Lloyd George and Premier Ilrland at Number lu Downing Street tomorrow will b as Important to the successful wiudup of ths Washington conference as the sessions In , the I'an-Aniorican. build ing, has reached the point of certain ty among officials of the British gov ernment, who if not in touch with the actual details of what the two pre miers are to discuss, are conversant with ths broad Issue to be faced. The basis for this belief Is that no matter If the conference starts with German reparations and progresses by stages to the other matters of puroly Euro pean concern, ultimately tho point will be reached when Mr. Lloyd Oeorge will ask his colleague what France wants with a full submarine tonnage and 10 super-dreadnoughts. Ths reaction in England to the French naval ambition has been far from sympathetic. Ths Kngllsh mind first of all see such a building program as a potential menace to Its own Shores, for Us completion would mean that the French strength In liuropeari waters would exceed that of Great Urltaln, which must scatter her fleet about tho globe, llrltlsh opinion, too. cannot picture the fulfillment of such a plau as meaning anything hut that France Is determined to reslHt the restoration of the political and eco nomic balaVfrn which today Is badly out of gear on this side of thu water. There la only one way. as the British see It, tltst France can afford to engage In a too.unfl.onii-frnnn hat tleshlp program und that in by con tinuation of her "dry suueesInK" of Germany a policy that all shades of British opinion is opposing more vig orously every day. It is granted there fore that in order that Ureal Urltaln and France may still travel I ho same road a solution mitst be round when Drlnnd and I.lnyd George meet. Apparently Inspired versions of "the English and French ptaus to be dis cussed at the conference have appeared here and Pari. A multitude of de ductions snd speculations chase one another off the front panes nf succeed ing editions of the press hut the one generally accepted by thone who should have, some Ideas on the sub ject Is that there will be a com promise In part on reparations and gaval building whereliy the cohesion of Frsnce and Knglatid will not be disturbed and through which the path townrd a final decision at Washington would be ensler. Infant Is suffoented. Milieu, !a., Dec. 18 When the home of K. V, llarfield was destroyed by fire here loday an infant grandchild of Harflelds. that had been left In front of an open grate was suffocated to death. And Sterling Its Highest Fori More Than Two Yeara Past. SOME RAIL RECOVERIES Advance In Industrials Consid ered Prelude to Strength and Returning Prosperity. BUSINESS STILL LAGGING Some Wild and Visionary Gossip From Abrosd Follows Uermaay'o As uenneement of Inability to Mnku Her Kepumtlons Pnynteut New York, Deo. II. Industrial j atooks moved to their highest point of j the year during ths psst week. Frl- ; day witnessed a minor decline, but' at ths close on Thursday the average pries of this group was ) points! above the May peak of the year. Com pared with the low point made on August 14 the leve) of the Industrial Issues is now IT points higher. This I Is an Impressive accomplishment. Yet I Its sffsot Is somewhat dimmed by the adverse movement of the railroad' Troup, This group was about a. half I point lower than the previous week.! Itt points below ths peak of the year and less than I points above ths low or June ID. In other words the two major groups are not moving In 'har mony, and while this remains so no assurance as to the course of stock prices In the Immediate future Is pos sible. Baturday's strength corrected this position of the rails somewhat. As ths end of ths year draws nearer I Wall Street la disposed lo take inven tory of developments, especially In reference to the movements of stock I prloes. It Is particularly encouraged by ths movement of stock and bond quotations since ths end of August.. Ths advance In Industrial stocks, fol-1 lowing many months of Industrial de pressions as sejrers as any ever ex perienced by th country, Is considered! a prelude to strength and returning prosperity next year. There are very few bears In the street today. A large contingent looks for lower prlcss with-, In ths nest few weeks; but It expects' them merely as a neoessary phrase of an advancing market. The present movement Is generally described as a "bull market" and less often as "the first leg of a bull market," which Indl-, eates that Wall Street Is convinced that 1921 will be a year of advancing prices, better employment and perhaps of higher commodity prices. On the latter score there Is less assurance. Ths oommodlty indices have again turned downward, and, while there will, no doubt be upward adjustments In commodities like grain, flour, copper and various others, declines are Im minent In transportation and the downward revision of rents, building costs, labor and perhaps steel, will prevent any large advanoes In th composite numbers, German's Plea ("or Time, On Thursday last dermany mad application for a moratorium, an nouncing thnt she would be unable to pay the January 15 reparation pay ment. With It came wild and vision ary, as well as fairly sans, gossip from ths the allied capitals, The ex changes fluctuated violently, but the mark moved only within a narrow range. There was talk of Germany again "feeling the allied fist." of de claring that nation bankrupt, control of customs and collection of German taxation. An outcry was raised against ths "printing" of more money a practice which must be stopped eventually and had better be stopped now. England was stated to havu Brlttih share of reparations, to have suggested elimination of the pension claims Included In ths total of the reparations bill, etc. A huge foreign loan estimated as high as $1,000,000,- 000 was also rumored All this meant nothing more than that 'the Inevitable Is near. There Is1 no longer any question In wsll Inform-, d Amorlcan circles that under pres. ent conditions continuation of the reparations payments Is out of the question. There Is reason to suppose that Germany deliberately debauched her currency In ordor to avoid pay-' ment, but If she actually calculated' the consequences, there was something very much wrong with her arithme tic. Loans, credits, etc., are only means of temporising, of postponing1 the day of reckoning. Somewhere In the background of the various plans for loans or further credits Is the long suffering American publlo, but there, , seems to be little disposition here to extend financial holp until Germany actually docs something for herself. The advance In German rnllroad rates,' tuxatlon, etc., announced during tha week Is a step toward a balanced bud bet, and until the ordinary budget' not Inclusive of reparations Is bal anced little sympathy will be wasted here. Sterling touched HUM on Monday' last, the highest rate of mors than two years. Francs and lire were also up sharply, Swiss francs rose to 19.43c, .011 above parity. Later In the week sterling dropped to 4.1 8s, roso again lo 4.10, declined to 4.17 and so on. The continental exchanges moved under the leadership and Inconformlty with sterling. ...... Ilnoyrd the, F.irlasngrs, A great many speculative short ac-j counts In sterling and other exchanges' undoubtedly perslsled until the be ginning of last week. The four-power! Haclllc agreement and actual Intro duction of the treaty In the senate, Japanese agreement with the 5-6-.1 naval ratio nnd the world-wide ex tContlnued o page lour.) CRISP WANTS POLLING PLACES CLOSED EARLIER Rill FrMiNliiK M nMie Pull Oh K1i tUm Itmy nt 4 F. M. Wilt B lhnyl Toilny Tin (irrwittro Hally NV Biimtt, 80S MerclunU Niliiinal Ilntik Biff Itatcitrh, Dec. 18. lkpreseiitutiv CrlRi), of lnre, will tomorrow brini? on the floor ttiff unwary piihtJr htl! i-tn-dcltaU'd. He la offorlritf to tilost) tha pulla on election ritty ut. 4 o'clock In the afternoon. Tint imrt rt-pre.ienta-tlv) will fight Democrat h nnd Repub lican!. The llopuhllrana will ace spe cial advantage fur itiicrau and tha Pemoeratfi ar",,lal d' ul antHKPB for thftmelvft. The bill wmiM Appear to fnvor liuneHty and efficiency. The CO unt I ok will be dune ehipfly In day light and will be fret from theft and mlntakf. Th ri: turns will bJ mor easily handled and in Hmall place remote frurn townn thft count ran be tranntmUfd brfora telephone and tel (rraiih office, are cloBed. Mr. Crisp dcslron to (tot his bill passed. o that North Carolina elections will b r pnrtM as soon as anybody's. Tht bill has not bopn disnRsM and it was not known until tonight that such a mvv urr hud horn offered. The i'ommltt) rvporifd It "without prajudic."
Greensboro Daily News (Greensboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 19, 1921, edition 1
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