Richmond Palladium (Daily), Volume 46, Number 249, 30 August 1921 — Page 12

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PAGE TWELVE

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND. IND.. TUESDAY, AUGUST 30, 1921.

CAPPER TINGHER BILL TO BRING MILLENIUM TO FARMERS, BELIEF

(AMERICAN VETERANS ENLIST IN SPANISH ARMY i k . TO FIGHT WILD INSURGENT TRIBESMEN IN MOROCCO

PALLADIUM SEWJ BlItEAU WASHINGTON, D. C. Aug. 29. The Capper-Tincher bill, providing government regulation of grain exchanges, is about to become a law. When this act becomes operative, its proponents say, gambling in grain w ill cease. The purpose of the bill is to have tne price of grain governed by the law of supply and demand and

to stabilize the grain market. The

act proposes to put an end to the following evils of the present system: Market manipulation by big traders; dissemination of false crop informa

tion: gambling in indemnities, or

"puts" and "calls;" and promiscuous

speculation in foodstuffs. The bill proposes to accomplish these reforms

in the following ways: Government regulation of the grain exchanges is provided, with the secretary of agriculture as the regulator. It provides that books must be kept showing accurately all the transactions on the exchanges, to which thesecretary or his representatives may have access at all times. Must Comply With Rules It provides that the secretary of agriculture may designate such boards of trade as "contact markets" where grain futures may be dealt in, but only when these boards of trade comply with conditions and. requirements set down in the act itself.

It employs the taxing power of the government to eliminate gambling in grain. In making use of this power the bill provides that there shall be

levied a tax of 20 cents per bushel on :

each bushel involved in every privilege or option for a contract either of purchase or sale of grain, intending thereby only to tax the transactions known to the trade as "privileges," "bids," "offers," "puts and calls." "indemnities," or "ups and downs." Furthermore the bill imposes a tax of 20 cents per bushel on every bushel of grain involved in a contract for future delivery, except where the seller is at the time of making the owner of the actual grain or is the grower, and except where such contracts are made by or through a member of a board of trade which has been designated as a "contract market" by the secretary of

agriculture, and a record of the transaction is kept for the inspection of the secretary. Will Run Bucket Shops. Those who have worked in the interests of the bill state that the tax of 20 cents per bushel on the kind of gambling transactions that the measure aims at is prohibitive. It Is said, however, that the act does not prevent the legitimate "hedge." It is expected to put out of business thousands of wire houses and bucket shops operating throughout the country by making it impossible for gamblers and speculators to do business on boards of trade. For years the farming interests of the country have complained bitterly of the system which has permitted an artificial method for fixing grain prices, a system which ignored the law of supply and demand. The Cap-per-Tincher bill is the answer to these complaints. The Chicago board of trade has been the greatest center of grain

gambling. On an average Chicago

actually receives 325,000.000 bushels

of grain In a year. But in a year

there are sold on the Chicago board

of trade eighteen billion bushels of

grain for "future delivery." Handle Imaginary Stocks

In other words, the dealers on the

Chicago board of trade sell for future

delivery more than fifty-one times as much grain as is delivered to the market In a year. In a period of twelve months f.hese dealers agree to deliver, on future contracts, more grain than there is wheat, corn, oats, rye and barley grown in the whole world in that period. More than 99 per cent of all the sales for future delivery made on the Chicago board of trade are not followed by an actual delivery of the grain. It has been stated that when the Chicago board of trade sells 18,000,000,000.000 bushels of grain in a year, for future delivery, it does a business that averages between $15,000,000,000 and $20,000,000,000. The maximum business of the old Louisiana Lottery when It was in its prime was $50,000,000 a year. Monte Carlo has annual receipts of not more than $12,000,000, of which about half are net receipts. What the grain growers have had to contend with from the price-fixing

system soon to be legislated out of existence is instanced by the bear

raid on wheat last year. When wheat came on the market last year, it is

recalled, a bear raid began which lasted ten months and forced the price from $2.75 a bushel down to 85 cents. Yet during all that time there was a greater demand for American wheat

than ever before. The law of supply j

ana uemana simpiy was not anoweu to operate by the specuU.ors.

r: 7 rmnsr-ir'rr t-. .myrrrAB ; rAFs vr rjP''Qrm 1 If ? - iZ33 ICSaifl-ffl , W"T.& . JW,J& -gg

American volunteers for Spanish foreign legion aboard ship ready to leave New York.

These men are on their way to fight, in the Spanish foreign legion, against the wild Moorish tribesmen who have been making

things warm for the Spanish forces around Melilla, in Morocco. Most of the 400 American recruits are veterans of the World

war. They are not going to Morocco for fun, but because they are out of work and need the sixty cents a day.

The Adventure of the Noble Bachelor By SIR ARTHUR CONAN DOYLE Copyright, 1921, by Harper & Bros. Published by special arrangement with The McClure Newspaper Syndicate.

TODAY'S INSTALMENT "When did she vanish, then?" "At the wedding breakfast." "Indeed. That is more interesting than it promised to be; quite dramatic, in fact." "Yes; it struck me as being a little out of the common." "They often vanish before the ceremony, and occasionally during the honeymoon, but I cannot call to mind anything quite so prompt as this. Pray, let me have the details." "I warn you that they are very incomplete." Perhaps we may make them less so." "Such as they are, they are set forth in a single article of a morn

ing paper of yesterday, which I will read to you. It is headed 'Singular Occurence at a Fashionable Wedding.: '"The family of Lord Robert St. Simon has been thrown into the greatest consternation by the strange and painful episodes which have taken place in connection with his wedding. The ceremony, as shortly announced in the papers of yesterday, occurred on the previous morning; but it is only now that it has been possible to confirm the Strang r,umors which have been so persistently floating about. In spite of the attempts of the friends to hush the matter up, so much public attention has now

been drawn to it that no good pur-

apparelled, but had refused to credit that it was his mistress, believing her to be with the company. On escertaining that his daughter had disappeared, Mr. Aloysius Doran, in conjunction with the bridegroom, instantly put themselves into communication with the police, and very energetic inquiries are being made, which will probably result in a speedy clearing up of this very singular business. Up to a late hour last night, however,

notnmg had transpired as to the

wherabouts of the missing ladv.

whose pleasant lot it had been ever to command and to be obeyed. His manner was brisk, and yet his general appearance gave an undue impression of age, for he had a slight forward stoop and a little bend of the -knees as he walked. His hair, too, as he swept off his very curlybrimmed hat, was grizzled round the edges and thin upon the top. As to his dress, it was careful to the verge of foppishness, with high collar, black frock-coat, white waistcoat, yellow

gloves, patent leather shoes and lightcolored gaiters. He advanced slowly

into the room, turning his head from

left to right, and swinging in his right

hand the cord which held his golden eye-glasses.

"Good-day, Lord St. Simon," said Holmes, rising and bowing. "Pray,

tane tne oasKet-cnair. mis is mv

"The King of Scandinavia,- j "What! Had he lost his wife? "You can understand," said Holmes

suavely, "that I extend to the affairs

of my other clients the same secrecy

which I promise to you in yours.

"Of course! Very right, very rignts I'm sure I beg pardon. As to my own case, I am ready to give you any in

formation which may assist you in; forming an opinion." I "Thank you. I have already learned all that Is in the public prints, nothing more. I presume that I may take it as correct this article, for example, as to the disappearance of the bride." Lord St. Simon glanced over It. "Yes, it is correct, as far as it goes." "But it need3 a great deal of supplementing before any one could offer an opinion. I think that I may arrive at my facts most directly by questioning you." "Pray do so." "When did you first meet Miss Hatty Doran?" "In San Francisco, a year ago." "You were traveling in the States?-' "Yes."

T"lil ifmi a An CTCA then

"No."

"But you were on a friendly foot

ing?"

"I was amused by her society, and

she could see that I was amused. "Her father is very rich?"

"He is said to be the richest man

on the Pacific slope."

"And how did he make his money?"

"In mining. He had nothing a few

years ago. Then he struck gold, invested it, and came up by leaps and bounds." ' "Now, what is your own impression as to the young lady's character your wife's character?" The nobleman swung his glasses a little faster and stared down into the fire. "You see, Mr. Holmes," said he. "my wife was twenty- before her father became a rich man. During

There are rumors of foul play in the 'friend and colleague, Dr. Watson.

matter, and it is said that the police have caused the arrest of the woman

who had caused the original disturb-

j ance, in the belief that from jealousy

or some other motive, she may have been concerned in the strange disappearance of the bride.' " "And is that all? "Only one little item in another of the morning papers, but it is a suggestive one." "And it is" "That Miss Flora Millar, the lady who had' caused the disturbance, has actually been arrested. It appears that she was formely a danseuse at the 'Allegro' and that she has known the bridegroom for some years. There are no further particulars, and the whole case is in your hands now so far as it has been set forth in the public press."

"And an exceedingly Interesting!

case it appears to be. I would not

that time she ran free in a mining camp, and wandered through woods or mountains, so that her education has come from Nature rather than from the schoolmaster. She is what we call in England a tomboy, with a strone nature, wild and free, unfet

tered by any sort of traditions. She is swift in making up her mind, and fearless in carrying out her resolu

tions. On the other hand, I would

not have given her the name which I have the honor to bear" he gave a little stately cough "had not I thought her to be at bottom a noble woman. I believe that she Is capable of heroic self-sacrifice, and that any

thing dishonorable would be repui nant to her." Tomorrow "The Adventure of th Noble Bachelor," continued.

On Rennell island, one of the Ion liest spots of land in the Pacific, th only currency consists of the teeth o flying foxes.

SHEET MUSIC

i

I Opp. Post Offics

Phone 1655

Select Your Fall Suit Now ROY W. DENNIS Tailor 5 N. 10th St.

At Feltman's

Brown Calf Military Heel Oxford

Conservative toe, medium in color, good solid soles, military heel. This is one of our leaders

Feltman's Shoe Store. The World's Largest Shoe Dealers 35 Store 724 Main Street

1 . . .1

uraw up a nine to tne tire, ana we

will talk this matter over."

"A most painful matter to me, as you can most readily imagine, Mr. Holmes. I have been cut to the quick. I understand that you have already managed several delicate cases of this sort, sir. though I presume that they were hardly from the same class of society." "No, I am descending." "I beg pardon." "My last client of the sort was a king." "Oh, really! I had no idea. And which king?"

pose can be served by affecting to i have missed it for worlds. But there

disregard what is a common subject

for conversation. "'The ceremony, which was per-' formed at St. George's, Hanover

j Square, was a very quiet one. no one

being present save the father of the bride, Mr. Aloysius Doran, the Duehess of Balmoral. Lord Backwater, Lord Eustace, and Lady Clara St. Simon (the younger brother and sister of the bridegroom), and Lady Alicia Whittington. The whole party proceeded afterward to the house of Mr. Aloysius Doran, at . Lancaster Gate, where breakfast had been prepared. It appears that some little trouble was caused by a woman, whose name has not been ascertained, who endeavored to force her way into the house after the bridal party, alleging that she had some claim upon Lord St. Simon. It was only after a painful and prolonged scene that she was ejected by the butler and the footman. The bride, who had fortun

ately entered the house before this unpleasant interruption, had sat down to breakfast with the rest, when she complained of a sudden indisposition, and retired to her room. Her prolonged absence having caused some comment, her father followed her. but

learned from her maid that she had! only come up to her chamber for ani instant, caught up an nlster and bonnet, and hurried down the passage. One of the footmen declared that he had seen a lady leave the house thus

Here's the New Silk Stripe Canton Shirting

PER

YD.

is a ring at the bell, Watson, and as the clock makes it a few minutes after four, I have no doubt that this will prove to be our noble client. Do not dream of going, Watson, for I very much prefer having a witness, if only as a check to my own memory." "Lord Robert St. Simon," announc

ed our page-boy, throwing open thei

door. A gentlemen entered with a pleasant, cultured face, high nosed and pale, with something perhaps of petulance about the mouth, and with the steady, well opened eye of a man

TVOT XECESSARY TO TRAVEL The season is herp when many hav fever and asthma sufferers seek relief at health resorts.. Those who remain at home can find relief in Kolev's Honey and Tar. Mrs. Alice Holtz, 817 York St., Cincinnati. O.. writes: "Foley's Honey and Tar broke up a bad cough and also my hoarseness, and gave me Kreat relief. It is certainly a good remedy." It spreads a healing, soothing coating over tickling, irritating membranes, eases choking and gasping. A. ti. Luken & Co., 626-628 Main St. Advertisement

Five Dollar Bill Sale of

Harding Special Bodyguard of Alabama Legion Members When President Harding visits Birmingham, Ala., in "October, he will be attended by an honor guard of 1,000 members of the American lesion, drawn from each of the 80 posts of the Mate.

OIL MEN IN CITY OF MEXICO. CITY OF MKICO. Aug. 30. Heads of American petroleum concerns, who are to confer with Mexican officials regarding the Mexican oil situation, arrived here today.

Kills Pesky Bed Bugs P. D. Q.

P. D. Q.. Pesky Devils Quietus, not an insect powder but a chemical, no muss or dust, aud actually Kills

lied bugs, Koacnes. njas and Ants, and their epEs as

veil. -3oc package makes a ouart. - Dructrists can supply you, or mailed prepaid upon receipt of price by tbe Owl Chera. Co. Terre Haute, Ind. Genuine P. D. U. is never peddled.

Thistl ethvaite's

The Original Cut-Rate EVERY-DAY PRICES In Effect at All 7 Stores Pinkham's Com- QQ pound Oii Colgate's Tooth OlT Paste 1 C Woodbury's O "j Soap XC ALL SCRAP TOBACCO, nrn 3 for DC

SLOW DEATH

Aches, pains, nervousness, diffi culty in urinating, often mean serious disorders. The world's standard remedy for kidney, liver, fcladder and uric acid troubles COLD MEDAL

SALE ON TIRES

hring quick raUef and often ward off ttaadly diaaases. Known as tba national remady of Holland for mora than 200 yaara. All druggists, in thrae sites. Look tmt th wu Cold Modal a mrmrr box mad accept ao imitation

THIS WEEK

30x3 Tires. 30x3 V Tires.

.$ S.75 .$ 9.95

32x3i3 Tires. 31x4 Tires.

$13.50 .$16.00

Look at These Prices on Cord Tires Guaranteed Ten Thousand Miles

32x3V3 $24.90 32x1 $31.00

33x4 ..$3290 34x4i2 $41.00

BUY NOW SAVE MONEY" Richmond Tire Service Cor. 11th and Main Sts.

1 J Big Reduction on Dining j ; j ; Room Furniture

i tfMlHl IB 1 ST J I

FACTS v -V Hit V

Second Floor

ft K I 7 RACK No. 1 I SUITS

M DRESSES

P

We sell 3 1-4 yards for a shirt which costs you $1.19. Compare it with a shirt at $5.00. Where the New Things are Shown First

Knollenber

gs

Store

TRUTH ALWAYS

Ready-to-wear

Second Floor

Lot of All-Wool Suit3, fine Tricotines, Serges, Jerseys, Heather mixtures, etc., suits that sold originally for $23, $30 and $35. Your choice ;r.r.r.:: $5.00

These $5 Specials for Wednesday

RACK No. 2

COATS

Lot of S6-inch Coats, all wool, values of $15, $20, $25 and $23.50. Choice to- Tr An morrow for only.. pt)"vl

RACK No. 4 MIDDY SUITS Lot of All-Linen Middy Suits, sizes 14 to 22; twenty Suits in the lot, in pink, whit, blue, linen color or blue, regular $15 and $20 values; some are slightly soiled, but on account of all-linen materials will look better after being washed than Cff ffk when new vOUU

RACK No. 3

SKIRTS

An assortment of fifteen allwool Plaid and Plain Skirts, regularly sold for $12.50 to

$19.75 Special

at

S5.00

RACK No.

Your choice of forty Summer Dresses of Dotted Swisses. Organdies and Voiles, regular values $15 to $35. To

morrow only for

White Wash Skirts Lot of twenty-five Gabardine Skirts, regular values- $1.75 to $3.00; some slightly soiled; sizes 26 to 30

RACK No. 6 WAISTS

Your choice of large assortment of Silk Georgettes, Crepe de Chines and Satin Waist3 that sold regularly up

to $12.50 at

$5.00

LEE B. NUSBAUM COMPANY

NUSBAUM BUILDING