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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 28, 1922
Page
15
Arlington Squire, an employee of the street railway in Westfield, says he caught a trout near his old Montgomery home that bore a cut in its neck, a mark he believes links it to fish seen in Montgomery brooks during his boyhood. The claim ties the recent catch to a famous old trout.
Eminent experts discuss in New England textile prosperity tied to railroad mergers with outside systems and a permanent protective tariff. The two day convention in Boston opens as capital and labor in the cotton industry face smaller financial returns.
Before about 4000 members, former State Senator Guy W. Cox, tax legislation expert, argued the current federal tax system is unfair and urged adoption of a sales tax with its directness as a replacement.
Arthur H. Lowe argues delay in a permanent tariff hurts industry while President Lowe urges financial pinching by capital and labor to restore cotton trade. Dr Julius Klein predicts a rising overseas market for surplus products and a need for steady progress. Oldham urges railroad alliances, not all-New England integration, to ensure national transport strength. The convention's sessions end tonight.
In New York on April 27, the Bethlehem Steel Corporation directors declared the regular quarterly dividend of 11 4 per cent on both classes of common stock though not earned. The move mirrors United States Steel's decision to skip dividends, citing improved business conditions.
Mayor Curley urged a Congressional inquiry into the Massachusetts mill strike to push a settlement. Senator Walsh said capital interests will not arbitrate and most Washington officials oppose the strikers' aims. He favored an impartial committee if possible but warned Congress members largely oppose the labor view.
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