davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
comnaratIve statement.

New York. November H.-The following
is the comparative cotton statement for
the week ending Friday, November q:
Net receipts at all United States ports
during week. 319.s1s; net receipts at all
United States ports same week last year,
3l5,3S5. Total receipts since September
/, S,25s,Ss3 total receipts to same, date
last year, 3,0H,s11. Exports for the week,
210,3 exports for same week last year.
235, 657 Total exports since September
l. 2,l435O1 total exports same date last
year 2,161, 301. Stock at all United States
ports, 925, 465; Stock at all United States
ports same time last year. $40 96S. Stock
at all interior towns. 565,399; stock at all
interior towns same time last year. $780,,
POI. Stock rat Liverpool $4,000; stock at
Liverpool same time last year, 35S,00O.
Stock of American afioat for Great Bril-
tain 2Ss OOO stock of American afioat for
Great Britain same time last year, 402,-
600
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22

Cash quotations were as follows:
Flour-Steady.
Wheat-No. 8. 6S@73c; No. 2 red, 751k@
76sc.
Corn-No. 2. 5e1kc; No. 2 yellow &c.
oats-No. 2, S44QS6c; No. white, $40
SIC.
Rye-No 2, 52c.
Barley-Choice mating. 53d5Sc
Flax Seed--No.ss /, fila; No. 1 north
western, $1s22. ~
Timothy Seed-Prime, $3.50.
Mess Pork-Per barrel, $16.S71k@17
Lard-Per 100 pounds. $40. 5000. STU.
Short Ribs Sides-Loose, IS. 25Q9. so.
Dry Sailed Shoulders-Boxed, 9ssQ91kc.
Short Clear Sides-Boxed, $sl5099.75. 4
Whisky-Basis of high wines, $1.32.
Clover--Contract grade, $11.
On the produce exchange today the
quotations ranged as follows:
Butter-Firm; creamery 1S@29c; dairy.
1S@23c.
Cheese-Steady, 11Q12c.
EggS-F'resh, 23c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
LIvernonI Market.

Liverpool, November 2-cotton spot in
moderate demand; prices six to eight
points higher; American middling fair
SOC; good mlddIing 4.64; mlddllng 4.54; low
middling LA; good ordinary 4.32; ordinary
40. The sales Of the day were 1000 bales
of which 800 were for speculation ana ex
port and included $500 American. Re-
eeipts 1000 bales, including 1900 American.
Futures opened firm and closed very firm;
American middling g. o. c. November
December AS. Deeember-January 4.4s;
January February 442; February March,
March-April, April May May-June, June
July 4l0442; July-August Al.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
The Metal Market.

New York. November 21.-Tin was firm
in London today, advancing rs Cd with
spot at G113 los and futures at 2112 los.
The local market, while easy showed lit
tie change, prices closing at $25.OO925. 10.
There was a sale of five tons for Novem-
Der delivery reported on the exchange at
$26.95. London copper prices declined and
recorded a new low level for the season,
spot closing at ESQ rs Cd and futures at
ESQ 12s Cd. The New York market was
dull and weak. Standard closed at $40 621a,
nominal lake at $1140G11.6O; electrolytic
at $11.25G11.35 and casting at s11.25q11 80.
Lead was quiet and unchanged here at AZ
and in London at 910 los.
Spelter was unchanged, the local mar
ket being easy at $50, while London closed
at a19 12s Cd. The Glasgow market for
iron was unchanged at 55s. Middlesboro
declined 11hd, closing at Sos 11sd. The local
iron market continues quiet and unchang-
ed. Warrants nominal. No l foundry.
northern, s23O0a25Oo; No. 2 foundry,
northern, No. l foundry, southern. and
No. foundry, southern soft, $22.OOQ23. co.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
New Orleans Market.

New Orleans, November H.-The de-
mand for spot cotton continues good.
There is better mill demand and buy
ers are taking the goods largely for ship
ment. Liverpool is decidedly stronger,
while MANCHESTER Is firmer for cloths and
yarns. Consequently the export trade
feels vastly encouraged. Sales 1900 bales,
including 1900 to arrive. Quotations un-
changed. In contracts. notwithstanding
the somewhat wide fluctuations In prices,
there was steady and moderately heavy
trading. The opening was to points
down and under realizing sales a fur
Their loss of 2 to poinss was noted.
Under the influence of a sharp advance
in Liverpool prices moved up brislxly I'M
til a gain of 8 to 9 points had been
scored This was followed by downward
turn that sent figures off to points.
Later fsequent fluctuations occurred the
coard at the close showing net losses of
points on November and to q points on
the other positions.
New Orleans, November 2-Cotton fu-
lures quiet and steady; November 1888
bid December 795@7 81, January 5000
s.O4, February s.06@s ,0s March s.12@s 10,
April s.14ds.15. May s.16dS.17, June S.17@
$40, July s.2O@S.22.
New Orleans, November 21.-Cotton
steady; sales 5000. ordinary 9-16, good
ordinary 7 Lie, low middling 7ss. middlng
tx. good middling 85-16. middling fair
Q, receipts l2,194, stock s5O,sa2
Daily Statement.
Galveston-Firn; middling s. sales 400:
receipts II, $50; stock 219,945
Mobile-Firm; middiing IN; sales 800:
receipts 1929 stock 32.477
Savannah-Steady; middling tx; sales
9s2; receipts 1879; stock 150,479
Charleston-Firm; middling 7 13-16; re-
ceipts las; stock 1882
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
cIearInos and EXCHANGES.

Memphis, November 21.-clearings, $751;
1863; balances, $105.9S2.
Boston, November 21.-Exchanges, $22,-
O4s, 2OS; balances, 81, 625024.
Philadelphia, November 21.-Clearings,
$40, 037, 628; balances, 50, 540,36S.
Baltimore. November 2.-Clearings, 49,
536, 773; balances. s379,248.
New York, November 21.-Exchanges,
$276, $40, Sol; balances, s., 71S035.
New Orleans, November 2l.-Clearings,
So, 1856 317; New York exchange, bank par;
commercial SIPS per $1,000 discount
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
Naval stores.

Savannah, November 21.-Turpentine
firm at 5Ozc; receipts, 1877; sales. $40; ex-
ports none. Rosin firm; receipts. 8057
sales, 1924; exports none Quote: A. B, c,
d. s1.37; e, 81 .421s; F. s1.471z; G. H.571a;
H. $3.50; /, $2.05; X, 81. 55 M, SO; N. So 80;
Window Glass, rs; Water White. 81. Is.
Charleston, November 21.--Turpentine
and rosin unchanged
Wilmington, November H.-Tlirpentine,
nothing doing; receipts. "a casks. Rosin
firm at 81 .25@1. S0 receipts, 1a5. Crude
turpentine firm at sl.75Q3; receipts, IS.
Tar firm at $3.50; receipts liz.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
rotal MAJ Recelpts.

New York, November 21.-The following
are the total net receipts of cotton at
all ports since September /: Galveston,
LOIS, ss2; New Orleans, S31,745; Mobile, g.
oil; Savannah. 6eSs36; Charleston, 1896;
Wilmington, 202. 72s; Norfolk. 49, Balti-
bore, 5O52; New York, s776; Boston, Il, 1888;
Newport $780, Philadelphia 1885; Bruins
wick, 1886; Pensacola, 1928; Port Ar
thur, 15,161; Port Townsend, 27.226; San
Fransico, II 1926; Portland, Ore. 1541. To-
tai 3.253, 803 bales. y
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
Weeklu Cotton Moven,ent.

New York, November a.-The following
statistics on the movement of cotton for
the week ending November 81 were COM
piled by the New York cotton exchange:
Weekly Movement-Port receipts, this
year. 324, 1877; last year, Si6,476. Overland to
mills and Canada, this year, 50511; last
year, 1858. Southern mill takings (esti-
mated, this year, $1,000; last year, 47,24S.
Gain of stock at interior towns, this year.
20 169 last year, 1880. Brought into
sight for the week. this year, 454,sS7; last
year, 1854
Total Crop Movement-Port receipts,
this year, 8,261.001; last year, 3070,475.
Overland to mills and Canada, this year,
800, 10S; last year. 317,201. Southern mill
takings (estimatedD, this year. $4,000; last
year, 495,940. Stock at interior towns in
excess of September /, this year. 473, 789;
last year, 44sS31. Brought into sight thus
far for season, this year. 4,559,S9S; last
year, 4332 447.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
LOCAL MARKETS.

There was no change in the local cot
ton market yesterday.
The changes in the stock and bond mar
ket were as follows: Birmingham Rail-
way, Light and Power company preferred
declined from 115-11S to 112-115; Birming-
ham Railway, Light and Power company
bonds declined from 103-105 to 102-1O3;
North Birmingham Land company de-
clined from 25-32 to 25-2S.
The produce market was without
change.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22

New York November 21.-The UNDER
tone is steader for forward deliveries Of
staple cottons following the improvement
in cotton this week Otherwise the cot
ton goods market Is unchanged. Demand
moderate prices steady. Linens are
firm, with the demand fair Burlaps
strong and advancing; light weights are
scarce.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
Bonds.
Money on Call.

New York, November H.-Money on call
steady at 4G51a per cent; closing at AZ
per cent. Prime mercantile paper 51s016
per cent. Sterling exchange firm, with
actual business In bankers bills at
4.&.125 for demand and at 4.S3. 625aD4. SO. rs
for sixty days. Posted rates j. S41b014. S.
end ASS Commercial bills 4.S2. 7504. SO. %.
Bar silver 4s%. Mexican dollars 80.
Government bonds weak, state bonds
inactive, railroad bonds steady.
Treasury Statement.
washington. November 81. = Todav,s
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22

Solid comfort and the height OF fashion
can be combined in moderate priced
shoes but the fact remains that that is
rarely done.
Too many manufacturers and dealers
have the short-sighted habit of sacrific-
ing the prestige for the sake OF large
profits.
Our profits are small. Our shoes reach
the maximum of comfort and style. We
buy from conscientious manufacturers.
Our shoes appeal to careful buyers.
We especially invite your attention to
our medium-price line of Ladies Shoes,
any style toe or heel. extension or light
sole. tips or plain.
Our Nov. selling price $50. worth %. 90.
Our Nov. selling price 1915, worth 50. 25.
Our Nov. selling price $500. worth SAL
Our Nov. selling price $3.50. worth 50 90
Our Nov. selling price $500. worth 50 so.
Luster's French Luster Csc per bottle
Ask for any style of shoe--I'l furnish It.
: Ny leather finding. making and repair
department best in city.
Goods delivered to any part Of the city.
d. B. LUSTHR,
Phone 1R7. 217 North Nineteenth St
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
CHICAGO 'chanue.

Chicago November N.-Less activity
was manifested In wheat today, and
prices had a lower tendency, December
closing &c lower, December corn 11sc
lower and oats nc higher. January pro-
visions closed from 21s45@10c lower
The leading futures ranged as follows;
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
cotton Seed OH.

New York, November 21.-Cotton seed
oil firm. Petroleum and rosin firm. Tur
pentine firm at 5359Q54c.
New Orleans, November 21.-Cotton seed
oil: Prime refined in barrels, 3315c; off
refined in barrels, s214c; prime crude,
loose 27i1c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
COT TON PRICES
STILL CLIMBING
Market Opened Lower But Soon
Began to Rise
SALES WENT TO 100000
Was Finally Barely Steady at Net Rise
of 2 Points to a Net Decline Of
Polnts-Disposltlon to Sc
cure Profits.
SALES WENT 10 100000

New York, November 2i.-The cotton
market opened points lower TO l high
er, and declined a point or two after the
first CALL cables being unsatisfactory and
the weather map favorable. Subsequent
ly prices advanced to L points on enor-
nous buying following indications of a
much smaller movement than had been
estimated with most encouraging reports
from the spot cotton markets. OF the
south, tending to indicate a strong de-
mand from exporters and spinners for
in the day 1t became apparent that the
southern spot markets nad advanced Lie
a1sc in almost every case.
The highest prices of the session
showed an advance of 80 TO 10 points
since the market turned last Friday in
the direction of recovery from the period
OF Liquidation that had illuminated then
action there was a disposition to secure
profits by a considerable class of trad
ers, who took advantage of the strong
weekend statistics 10 unload. This SELL
ing produced a reaction that about alb
sorbed the earlier advance. But while
liquidation was very heavy the public
demand was also heavy, and the BUSH
ness for the day reached about 100000
bales, this being the largest total of re-
cent active times.
The market was finally barely steady
at a net rise of 2Rpoints to a net decline
of points According to Superintendent
King, the amount Of cotton brought into
sight for the week is 454837 bales against
1854 last year. At one time estimates
ran as high as 476000 bales. AT the same
time the excess in the interior stocks and
consolidated stocks is less than had been
looked for.
New York, November H.-Cotton quiet;
middling, $500; net receipts, $40; gross
receipts, 5772; stock, S5,S13; exports to
Great Britain, 1900.
Total today at all seaports: Net receipts
46, 229; exports to Great Britain, 24,327; ex-
ports to the continent, 6lS2; stock, $685.,
465.
Consolidated at all seaports: Net re-
ceipts, s19,S19; exports to Great Britain.
81 ,428; exports to France, 25.O54; exports to
the continent, 103,917
Total since September 1 at all seaports:
Net receipts, 3,253,S93; exports to Great
Britain, 906, 263; exports to France, 24S,
6S5; exports to the continent, 99Se02
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
misunderstanding Co.

New York, November A.-Virginia-Caro
lima Chemical company, 64A; Virginia
Carolina Chemical company preferred
1251a.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
seahoard Air Line.

Baltimore, November dashboard COM
mon 27ls; seaboard preferred 40; Seaboard
As 1885, new.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22

treasury balances, exclusive of the gold
reserve, shows; Available cash balances,
$2O0,54S, S25; gold, s11S. ass, 405,
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22

Guard your kidneys; the health of the
body depends on those small but impor-
tant organs. They extract uric acid from
the blood which if allowed to remain in
the system would cause dropsy and
Brights disease. Prickly Ash Bitters is
successful kidney tonic; it heals and
strengthens the kidneys, regulates the
liver, stimulates the stomach ana diges-
ton, cleanses the bowels. 1t will prevent
or cure Bright's disease.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
L. a N.-Nsrth.

Arrive. Denar,
mo Q. Fast Mail N. o.. l12:05 pml12:2o pm
enc. 4. Fast Mall. N. OIL 1904 pml a:1s pm
mo 8. Decatur Accom-. i. .........l 3:15 pm
mo- 10. Montg'm ac'm. 6:55 PM ..........
South.
Arrive, Depars
mo. l. Past Mail Gin ii s:25 ami s:ss am
No. 7, Decatur Accom-. 1000 anna .......
mo 8, Fast Mail, Cin... $3.50 PM s:45 pm
No. 9, to Montgomery. .I......... 6:15 arD
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22

Birmingham City Bonds.
Birmingham city bonds can ~ sought
On about = per cent pasis
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22

VIII not only save you distressing pain
and valuable time. but will cost you less
money. There il also q satisfaction In
knowing that the very best possible
treatment is being eiver to you by
competent physician who has experience
In such matters and il capable OF curing
you in the quickest and most perfect
manner possible. l have treated privets
diseases IS = speciality for the past NJ
teen years in the city Of Birmingham. ana
/ am therefore known to a great many.
But If you are not acquainted with me.
refer you. with permission. TO First ma
ucnal Bank Alabama National Bank.
Jefferson County Savings Bank and
Steiner Bros, bankers, as TO my respon-
sibility for my contracts ! cure many pa
dents by mail treatment Write fok
prices and terms
i do not use large Advertisements and
false statements to attract patients
which merit has failed to secure. II you
fail to be cured by such methods. give
me q call and get well.
Address DR.. Y. T. Holloway. 1s01h Gec-
ond avenue. Birmingham. Ala
Onice. Second avenue and Eighteenth.
opposite postofrice.
office Hours; s;So O. N TO $50 p -
sunday. 10 q m 10 n ~
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
DIR. Y. z. HOLLOWAY
Physician and Surgeon.

Three-fourths OF
the persons who
come to me to get
cured of Syphilis,
Gonorrhoea. elect.
Structure, l. st
Manhood and other
private diseases
have tried to get
well by using 9TH
er means why not
come as soon a.
you find that you
are afflicted II
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
Live stock Market,

Chicago, November 21.-Cattle receipts
250O including $50 Texans. slow. Good to
prime steers 5.7566.s0; poor to medium
s. 00G5.5O; stockers and feeders s2.00d460;
cows 81. 40945O; heifers $2.00@5.60; Gamers
81 4002.4O bulls $2.Ooq450; calves $500
7.OO Texas fed steers $S.OOQ40O; western
steers $3.506475.
Hogs-Receipts $1,000; 10 and Is cents
lower Good to choice heavy S6.30q6. 45;
light s595Q62 20; bulk $s.10d6.20.
Sheep-Receipts 1900. Market lower;
good to choice wethers 350@40O; fair to
choice mixed $2.5O93.50; western sheep
50 1908 80; native lambs $S50Q5.0O; western
lambs $3.75Q475.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22

Cincinnati. November 21.-Hogs, easy,
44OG4 60; cattle dull. s2.OOd5.3O; sheep.
steady, s1.60qS25; lambs. steady, $500
5.25.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
BIRMINGHAM mINERAL-nor4h.

A. q. s.-North.
Arrive. Depari
No 2. Fast Mail. N. o. / $40 ami s:4Sam
mo :. Pan-Am. Special. 4 s:z5 pun ESQ on,
mo T. Meridian Accom-. HEB PM 40 pm
South. tr
ARRIVE. Denar,
NO !. from Cincinnati. .l1o:o5 pnnIfo:fo pm
sNo 8 Pan-Am. Special. s:ss anl;o:oo am
mo 5. Chattan'go Ac'm.. t12:45 p,,j $50 nm
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
Dissolution Notice.

s. II. Hilton has severed connection
with the firm of Hilton, Shaw Cotton Co.
and has no further power to make any
contracts for said firm.
A.. o. LIDDON.
u-l6-tf Secretary and Treasurer.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
Locei ircn Market.
Local Stocks and Bonds.

Corrected Daily by Caldwell & Ward
Bankers. 2oi5 First Sv@nue. Teie-
nhunA ~ lHea GArd.l
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22

= - - . - Wv NsaaaA sHss@es4A -
Williamson Iron Co. bonds -.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-11-22
LOCAL Cotton Market.

Corrected Daily by w. D. Nesbftt Man.
aRer for Inman q Col
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-03-11
THE CORPORATION TAX BILL.
Arbitrary PROVISION WHICH TAXES SMALL
CAPITAL TWENTY TIMES AS
MUCH AS LARGE.

To the Editor OF The Tribune.
Cir. THE Corporation Tax bill has been twice
withdrawn for amendment. 1t was SO bad that even
its friends were willing to be responsible for It,
II has been amended again. and reported to the
Senate without d hearing 1t is now Senate bill
No 761
Although improved by these amendments it is still
n had and dangerous measure. The bill IS so
technical and complicated that it Is hard to under
stand This must account for the apparent lack of
interest which our leading newspapers have shown
concerning II. Too much space would be required
10 describe all the changes proposed An important
and radical departure from existing law is the
arbitrary provision that business corporations. both
domestic and foreign. which employ less than 20
pcr cent of their capital in this State, shall be taxed
on their entire authorized capital instead of upon
the amount employed within this State.
The tax is at the of $1,000 per 100000 of
authorized capital up $30OOO0O $500 per 100000
from SO coo to 100000 and $50 per 100000 above
S. 100000 What defence can there be for grading
the tax by making it twenty times heavy a
small capital as upon much of the capital
exceeds $5OOOOOO? What excuse can be offered for
taxing company 20 per cent of its assets if in
company which has less than 20 per cent of its
The definition of what constitutes doing business
in this State is greatly broadened. corporation
deanifon. viii be doing business in this state This
bin is plainly aimed ab n PFdd' gtas b sred GS
affect many small corporations as well
take out the required license and pay the tax its
stock shall be taxed personal property in the
hands of Individual holders. This is obviously a
of penal provision. not designed for purposes of
revenue but to be used threat compel COM
pIiance 1t is unworthy and unjust penal pro-
Vision in that IL does apply to the corporation
itself but only to such of the stockholders OF the
corporation as happen to reside within this State.
If enforced imposes double taxation of the most
vicious kind 1t still further complexities already
complex system of taxing intangible property,
which should never be taxed at all
There are thousands of corporations which may
be affected by this bill, with hundreds OF thousands
of stockholders. Many thousands of stockholders
are persons OF small means and own only few
such measure. Their stock may be exempt one
day ard taxable the next, Individuals will not know
whether stock is taxable in their hands or not and
no board OF assessors taxing officer In the State
will know what stock is taxable and what is
exempt.
The tax laws of other States are in many respects
worse than ours, but have never heard or read
of any tax law in any State country so bad i'm
principle and so unjust in operation the penal
section of this bill LAWSON PITRDY
Secretary New York Tax Reform Association
New-York March S. 1902.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-03-11

now Governor of that progressive and rich
State He resigned a federal senatorship to be-
come Governor.
AS a f1nancier 1t is said by his friends that
DR.. Rodrigues Alves has superior In South
America His opinions are respected m Euro
pean financial circles. His sound judgment has
been OF great help to Brazil. His ability was
recognized by President Peixoto. who appointed
him Minister Of Finance in his cabinet. Presi-
dent Moraes retained him in that place
The President-eect is a lawyer and has occu-
pied a leading place at the bar. He has been
elected the candidate of the Republican
party, and his election is considered a particu-
lary great triumph because of the high stand
ing and prominence OF his defeated opponent
DR.. Ubaldino do Amaral
DR.. Rodrigues Alves will be inaugurated on
November ID, the anniversary of the proclama-
ton Of Brazirs independence. The tenure OF
office is four years.