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Show ! r 4r 'F U U THE BALT LAKE TRIBUNE, A t i Break on Stock Exchange Greatest of Any Day in History of the Securities. Contractors Will Proceec to Carty on Work Under Cktears Lake Tribes Lasse Wire. NEW YORK. May II, Price of Libthe Rejected Agreement erty bonds fell to new lew level on th IVe Believe J Th contractor central executive comd oon mittee met Tuesday afternoon stdered the action of the Building Trade Council In rejecting the proposed building ....... In close cooperation between employer and employee and in the principle of collective bargaining between them. In the free and full discussion of all disputes and the right of arbitration and settlement of the same without cessation of work by strike or lockout . today. Th break wai sxchang in any on day In .the his securltls. Alo( It waa th lory swiftest that had occurred during th recant downward movement. In which prices have been registering new low levels almost dally. At today lowest price Liberties wer off all the way from M cents tv ft. IS fur each I1M bond, as compared with Monday's closing fig- urea. The Victory 4 per cent notes. however, owing to the early date of thetr maturity, did not decline so sharply. 'Around the lowest levels a eonsld erable amount of buying - by cavings banks and similar Institutions appeared. That caused a substantial rally, but th recovery was only momentary. With the exhaustion of the buying power the sell Ing pressure reasserted Itself and price again slumped to tha lowest point of tie session. Today's svalanch of soiling .waa regarded merely as a continuation. In ag gravatod form, of tha steady liquidation which has been going on for month. Corporations and large merchants In need of ready sad quick money for working capital were .tbe principal seller,, a they had been right along. Beeline of Liberty bond and Victory not price lately ha brought th yields on United States war Issues in close Isproximity to th yields on the war sues of that nation whoso credit- - stand I second te th United State, nameIng ly, Orest Britain. Since our entrance Into the war, this country prided Itself on being able to stock th i ID t Trlbaae-la- Means "American Plan Freedom of Industry From Agitators, Says Ashton. MAY 19. 1920. Contractors Define Policy i t - WEDNESDAY MORNING, AT LOW LEVEL i " 1 gratst of th In the binding force of collective bargaining and all agreements reached by arbitration . not only upon the employer, but likewise upon the employee. binding, ' - , N . - Fruitless Negotiations decided that further negotiation with organised labor, under Its present organisation, would be useless, and that the building employers would proceed with their business without regard to any union. The contractors are strengthened In their determination by the expression of their employees, many of whom have i urged them to take some action that would free them from the Intolerable conditions under which work has been carried on," said Willard T. Cannon, chair' fnan of the building employers' committee, last nlgbt. We realise that the carrying out of -. -this policy will mean some temporary delay and Inconvenience but the matter te war iano-A- t' of Suet; 'importance to- the investor and float-"!Interest rates of, the general publio that everyone wishes much lower than those of other nations, and its issue have maintained heretoit to be settled In a proper manner. fore relatively higher market prior But th sensational decline in our Liberty Stability Sought. bond within th past several "Referring to the action of the building weeks price practically wiped out the trades council In finally rejecting the margin ha of difference existed In that agreement negotiated between the Salt comparison with market yield oil BritLake contractors and organised labor. It ish war issue. , should be recalled that through the presBased on Monday's closing Liberty ent controversy the sole desire of the conbond there are two of our war tractor ha been to bring about stability Issues prices, which yield Investor higher than In the building Industry so that the right per cent, namely, th third -4 M's and of the Investor could be safeguarded. Up th Victory The former- at 7.44 to the present time the contractors have show the latter believed that this could best be effected at M a yield of a1.24 perofcent, cent. (.41 per yield represent by an agreement with thetr employ see All other Issues except th lli's show under which wages jtnd working condiat current price In excess of I tions could be amicably established and yieldscent. per decided by arbitration, if necessary. Highest yield of British war loans, "When the matter first came up the on Monday's prices, was that of of organised labor ex- baaed., representative th Issue, namely, th I M pF cent pressed a thorough agreement with the loan first of 1(14. At till this bond shows purposes in view a nd recommended a form of yield approximately 7 per cent. of agreement which had been put Into effei t In Portland, Ore.; between tbe or- There are three issue of war bonds on basis of I per cent or a ganisations of employers and organised selling over and two selling In excess labor. A committee of seven employers slightly cent. srtd seven representatives of labor was of I per The war loan more nearly British designated to negotiate such an agreement with the stipulation that any resulting ac- comparable with our 4completely tax-frkH per cents is ths per cent war ken tion should be submitted to thetr respecof 1429-4This was issued in January, tive organisations for final ratification. 1(17, in conjunction with the taxable I per cert loan. The lower rated bond was Agreement Adopted. mad free of all lnooma and escea profit "After the taxes. At (I H this bond shows a yield of thorough consideration, Portland agreement was adopted as to I per cent. Th Liberty IV4S at (0.(0 form, minor changes only being made to show a yield of 4.04 per cent. fit local conditions. The building employers ratified this agreement on April . 17, and at that time formally notified the of ' practically th entire hustnssa Interests f . i 'Vy building trade council by letter, of their In the city, ae well a a great proportion action and that in view of the fact that of their employees whs have individually the time of ratlfjcatlon by the various un- expressed themselves. ion waa uncertain, the working condition set forth In the agreement would be Contractor's Stand Given. Immediately put into effect. Edward M. Aahtoft, on behalf of the "Subsequently, when It appeared that the employees were not being informed building contractors, said last nlgbt: th "Th uncompromising attitude of loas to terms of th proposed ment nor of Us ratification by thaagiam cal agitators has finally brought about ployer. notices were posted on various an intolerable and serious condition In jobs containing extracts from the agree' the building trades. Tor many weeks 1 ment and ths letter to th building trades have labored ae ehairman of a joint comoouneU. upon which. In some cases, the mittee of contractors and heads of th men Were called Put by th business various crafts hoping to bring a boot a agents. cooperative action for industrial good will In the building trade These de, No Complaints Received. liberations have been futile, and because , t r th dictation of walking delegates "It should be noted that the employers of act cannot in workmen effecfreely generally ave received no complaint as to wages, th to emgiving of their services working conditions cor tha existence o! . any grievances. Vague charges have been ployer. "Having mad a persistent, careful sad made, however, that thk contractors have fol brokfen faith. A knowledge of the facts patient effort to unit these forces, in this effort, 1 now will convince anyone that the action of lowed by failure but on course Is open, name the employer has been entirely consistent conclude out th of th 'American bringing with their written advice to labor and ly, of employment. This plan herald free from any Intention whatever of work plan'dawn of Industrial freedom from the the ing any hardship on their employees. misuse of powers gained by unwise beads All existing contracts and agreements with unions, such as the present agree"The building employers of Balt Lake of labor. ergknteed are a unit lp their determination that th ment between the Master Masons and their employees, will be strictly" lived innoi on issue There of i the and the not it restriction have that wage question hampering prevailed In th building trades must be abolished; Retain Predicted. to and complied with. up that the management and direction of th tention of the employers to use the present occasion to bring The Judgment of ths rank and file of building business must be restored to th in the building trad of Sail employ building employer instead of th paid bust Lake will. In opinion, eanse a raplc about a reduction in the scale. ness agent. disintegration from this dictation and th return of a large percentage of emrapid Council Action Regretted. ployees to work. "Balt - Lake contractors, I am con"While the allure of these negotiations, the interest of their emjudged by the experience of employers vinced, have elsswhsre was not unexpected, yst the ployees at heart and will pay wages contractors regret the action taken by the strictly in keeping with prerant abnorThe public will support building trades council and are convinced mal condition. nation-wid- e 'American plan' that It Is not representative of th true the present and has already said to class movement, conviction of the employees. can so oU 111 IN THE DISTRICT COURT OP THE the following described property: go dictation, far, but no "The contractor proceed In th had Standard mill Job at Goehen today, said organization of the cabinet, made ne Lulled State for the district of Utah. course they have marked out regardless farther.' Neutrality is no longer popu the union teamsters snd chauffeurs 1 Lot 25, Block L Southgate Park. Mr. Jacobs last night, "Villadsen BrothLumber comthrough the Ulnete of Premier Chin In the matter of Robert of the action taken by the bulling trades lar. A firm stand against dictation and left thand Morrison Merrill bran M. Hess, Plat "A." Tun Peng. Meantime Admiral Shah that they had joined by ers are the contractors on that Job The Cheng-Penpany No. 5417 S council. Th$lr stand has tbe indorsement Injustice of building trades council Is th many bankrupt. lu Lot 13, Block L Southgate bankruptcy. Is of minuter the navy. Park nonuton mou as well In protest to men will be taken off a building at order. Petition for discharge. Plgt "A." J Smlthfleld tomorrow. acting as minister. agreement. To "It Is gleaning to not that th Balt thD, building Honorable the 4 Tillman D. Th frame house No. I West Johnson, O. In was H. of W. Beckett last returned Jacobs evening Ogden orcharge as both an Lake real estate boerd, judge of th district court of th United Malvern avsnua , the meeting of the of ths meeting of the executive board PINED FOR INTOXICATION. 4 btaie for the district of Utah: frame bouse No. 4 East Th ganisation and a Individual membership, from Provo to attend of the state council of carpenters last at carpenters at the M. or Robert Hess avsnua Balt In supports this forward movement, as well district council 14. Lake Malvern the of Clarence Crow PROVO, May City last night. night. , as going on record emphatically for the of bait Lake and state of Bam house Nx West 5 Ths Utah. In The executive board of the state counThe district council of carpenter' Salt Lake and W. Hardy of Eureka were county American plan. said district, respectfully represents that Malvern avenu. cil of carpenters, comprising all the car- executive board met last night at the sentenced to pay ISO each for being In- on the Z, Southgate Park Plat ' iidtti 4 Block Lot 12, of day he B. last July, Tucker James past, toxicated, my Judge 'COMPOUND penters' unions throughout Utah. In Labor temple following th state council today. was duly adjudged bankrupt under th Progressive Policy Urged. was last night meeting, but routine work only meeting at the Labor temple 7 frame acts of congress relating to bankruptcy; Th ... house No. 3 West CLEARS THE THROAT of phlegm indorsed the action of the district coun- transacted. "Personally,- - I stand for a constructhat .be baa duly surrendered atl his prop Crystal venue. cil of carpenters In calling. union men tive, progressive policy, which mean and mucus, stop that tickling, oped (be 1 Lot I. and Southgate Park Plat D vrty rights of property, and has betteiy working conditions- for employees, off all building Jobs in the state which 8 Lot 54, South gat Park Piat "D. air paiwges fof eexier breathing and coats fully complied with all the requirement WILL REORGANIZE CABINET. on an of with contractors the are of direction th th under obligation part of 10 said act and of tha orders oi tbs court The frame house No. 3 West FOR FLETCHERS tbe raw. Inflamed (tirfacca with e,heelPEKING, May IS. Chow Shumu, a peremployer to supplant what Arbitrary dic- who have posted the building agreement Oaklono evenue. touching bis bankruptcy. sonal friend of President Hsu Shlsh tation has failed to achlsvt. nolle on any of their jobs. 11 The west 21 feet of tot 0, Block 2. ing, toothing medicine. Wherefore he I be that prays be may It was announced yesterday by James "Th union men were called off the Chang.'ha been entrusted with the re Oakland placa decreed bv the court to have a full disGrateful Father Telle' What It Did Hall, 'secretary ef the building trades 12 Th west 21 feet of Lot 14, Block L charge from all debts provable againet n the courtwork that council, 4th county St fvssevflle. lad, hie estate under amid bankrupt acts, ex- Oakland place. W. E. Cvrry. UP Cp house at Pro vo would be stopped,, as 12 The east 1) feet of Lot 2T, Block L auch writu: I have s little girl I yea wbt k debts as are cept excepted by law Oakland of union men a as confar as cooperation was s trauila with creep. 1 hev end a pel from such discharge. placa frame 1 H I an Job." 14 "unfair ss no that Th sad house No. 2 West cerned, S' I Bases Dated (hts 12th day of May, A. D. Fikl'l Casruf. while D. O. Jacobs, business agent of the Oakland avsnua bar according Is diravtiaes, sad shtsteia fastest of 15 frame Balt council house No. g East ef rebel hr her, Mr wUe sad I ee it whenever Ths district carpenters ROBERT M. HESS. bothered with a had eeld m eeesh. end 1 mil Oakland avsnua Lake, was sent down there to so notify hod Bankrupt 22 lh 14 said, heal Vnen feet of Lot 27. Block L on the job. Tb west all union rewily far say that it Is Burton placa Rumors that there would be a mas cough,, tkrset txasbl c sreay that I over Arw. ORDER OF. NOTICE THEREON. ' 17 Th east 11 fast of Lgt 24, Block L men In building crafts th f meeting District of Utah. P tresis wbo ns Folet's Honey end who have left Work here were denied by placa On thia I7th day of May, A. D. 1(20, Burton 12 Lot 22. and th asst 12 feat of Lot Ter know It is sale sod no barns will J. E. Murray, on of tbe officials of ths on reading th foregoing petition It Is 23, Block 2, Burton placa com even if so overdose should be building trades council, yesterday, ordered by th court that a hearing be 18 lot 47, and tha east IS feet of Lot A. E. Harvey, local organiser or the had upon the same on the 20th given by accident. ll taste good end Block 2. Burton Paoa together with day of American Federation of Labor, eaM that D. A. before 1820, June, said frame house thereon known court at children like it. It won't npsnt the dell, the now th "open shop" did not figure so Salt In said district, at ten at No. 4 East Taylor avenua Lake City, delicate of children, stomachs a th young much in the controversy cstt question o clock in the forenoon, and that notice 20 frame house No. I West Th overtime. pc elderly people. thereof be published In The Balt Lake Taylor avsnua a 21 frame house No. 4 West Tribune, newspaper printed In said disTbe Overtime Pay Is Issue. trict, and that all known creditors and Taylor avsnua other persons in Interest may appear at 22 Lot 17, and the east IS feet ef Dot "When fh men have worked where the said time and place and show cau.a. 44. Block 1. Burton place, with Improvethese notice of th building contractor If any they have, why th prayer of th ments thereon, known a No. 4 East Burare posted regarding the piopnesd buildsaid should not be granted. ton avsnua petitioner ing agreement, they find In about a week U Bloodless! 21 And It Th trams bouse further ordered 2114 the Na court, by that they receive to time and g hair that th clerk shall send by mall to all South Main street. for 'overtime ' neither any tima and 14 from The house known of creditors said Na 2124 copies petition half for legal holiday, of Bunds.vs That and this order, addressed to them at South Main street Th thin and bloodless, with pale is lh point at .Issue under thee pew 25 Th framn house cheek ther while 'klips and frail, angular building agreement notice Na 214 place of residence at elated. posted on W Itnra th Honorable Tillman D. JohnSouth Main street physique, of this community have been lobs. No wonder the men are leaving 24 The water train an artesian wel oq th of said son, district much Interested la tbe reports of physi- jobs where they find thee notices Judge and court, are 19 and 44, block I, Oakland the seal thereof,, at Salt Lake City, in lot cian end other concerning th effec- pooled. placa on tn Iith day of May, " Bale Will be mad of fh whole of raid sm aistrl.T, tiveness of th treatment for Increasing men sun are working 'for pri"The art las In on parcel ur In saparara 1820. A. D , , , prop th red and whit corpuscle of th blood, vate concerns which are fair to union tracts as listed above at the option ef the Attest: thus adding color and weight, with Its ac- labor," said Ooorgo W. pahy, on ef th boerd of county rammtiwi loners JOHN W. CHRtSTT, Clerk. (Seal) companying vigor, to tbe depleted system. directors of th building traded council," Doted. April . rM54 A ge n of from 10 te 10 pounds I not "and slow on these few jobs Which may U STILLMAN, unusual. where then treatment Is he fair and which are conducted by coat &. 14N t" NOTICE OF BALE. J y, for several month, while ntractor. But wherever A contractor he regularly WM. B. HU.HES, th color Improve almost from th be- a job and ha posted on ef thee noIs hereby of Board Notice Commlsa cnor County ginning. Most good apothecaries supply tices elsewhere, even If It Is not posted on commissioners of of Balt Lake county, Ltaiv n It In tb form of three-grai- n that job,-- ths men leave, as hi attltuds sell at publio auction et th west front Attest; tablets, put up In sealed packets on th open shop' 4s shown by porting of th county court bouse at 10 o J. . CLARK. Clerk. Tbe beautiful Berio Bisters, divinf queen, wbo win headline tbe collection of new vaudeville acta which, with door wtth direction for home us. Its action such notices" UlTSft clock a. m.. on Friday, May 19NL (Seal) aids sssimllatlon and absorption of th J. .B. Bhaw, of Teamsters and Chauf- th spectacular film play, The Courage of Marge O'Doone, ' will mark the beginning of continuous performance at pursuant to Section 1400x35, 2th, Compiled food eaten very promptly. (Adv.) feurs' local No. 28 L said yesterday that Pontage today. Leas of Utah, 1817, to th highest bidder; TRIBUNE WANTS BEING ELbULT-- l agreement. It was unanimously For weeks we have sincerely sought cooperation of the Building Trades Council in securing the adoption of an agreement between employers and employees which embodies the principles of the policy above set forth and which agreement was recommended to us by representatives of organized labor. of business agents and other paid union officials, the unions have refused to ratify their Through own proposals embodied in the agreement. the-activiti- -- es considerable Furthermore, without presenting either grievance or complaint, these business agents- ordered the building craftsmen fo leave their work, without even waiting for the official action of the proportion Building Trades Council respecting the agreement and without informing the workmen as to the details and the nature of the agreement. Still further, union officials have declared their intention to call men from the work of all contractors who have indorsed the agreement and who (in order to let the workmen know what the principal points of the agreement were) posted nptices containing the main features of the agreement. lt'i In view of these facts building contractors of Salt Lake City have concluded that it is no longer possible to reach an adjustment of the present controversy by negotiations with the present union officials.' Declaration ee We therefore declare that when we proceed with our business it shall be under the following plan of employment: 2. That workmen shall he employed only on the basis of their ability and fitness for the work required and entirely without regard to affiliation with any union or other organization.. V This Is the American Plan of Employment K f - x A This plan will obtain until we can secure the cooperation of our employees in joining with us in making tive the principles set forth in our statement of policy as defined above. To Be Noted: Wages ty I Utah Associated General Contractors g, Foleys Honey and Tar Labor- -temple . - - O hi Tr eirC r v CASTOR M i: A Continuous Performances From to 11 Open at Pantages Today; New Vaudeville Bill Headlined by Berio Sisters, Diving Girls; Big Special Feature Film, The Courage of Marge ODoone Ik I. - . For the Thin and 11 u4 hypo-nu-els- -- I- - f |