davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1913-11-15
THE LURE OF THE
LAND MORTGAGE

Copyright 1913. by C. II. Keys, New YORK;
The bankers for a large industrial
company in New York City are people
who understand perfectly wen the psy-
chology of the investor. When they
were handling a large issue OF bonds
for this property a couple OF years ago
they picked out a single fact in the
situation and made IL the basis of their
selling campaign. This fact was that
the bonds of this enterprise had under
them as part of their security a direct
first mortgage on water front property
In the harbor of New York. All tie
salesmen were, therefore, instructed to
lay emphasis upon the fact that in its
essential character this bond was a
first mortgage on real estate. As such
IL was, of course, tax exempt in New
York. but that was not the main point.
The main point was and Is that there
are a lot of people who would sooner
invest money in first mortgages on real
estate than In any other form OF Sc
curity.
There is good reason in this whim.
IL one may call 1t so. The old stock
argument that real estate is always
there and cannot be destroyed, wiped
out by fire, allowed to run down
through bad management. or allowed
TO pile up large floating debt, is pret-
ty true. II forms one of the very fun
damental facts of investment. Given
honesty and integrity in the making of
a mortgage on real estate, and given
at the same time good business judg-
ment in selecting the real estate. and
you have q form OF investment that is
as safe and reliable as anything under
the sun.
The forms of real ests ,e security are.
however manifold First of ALL there
Is the direct mortgage at a relatively
small percentage of actual value issued
against a farm or other productive
property. That is a basic investment.
1t can be abused very badly, and Is
abused very badly. so that it may not
be considered safe to buy farm loans
promiscuously or carelessly merely be-
cause they are farm loans; but the fact.
nevertheless, remains that farm loans
or loans against any other producing
property, are excellent IL bought with
some degree Of judgment.
After that there comes the mortsage
against highly improved property, that
The Washington herald., 1913-11-15
BALTIMORE WHOLESALE MARKET

HAY-No ] timothy. ls0alsg: standard timothy.
$50; No. 2. ls50: No. timothy. IS5aH.o: hEht
clover mixed, H.ooalS-0; No. l clover mixed. n.oa
lsoo; No. clover. mixed. l6ooalTo; heayy. ls 5oa
E.oo: No. ! clover H.50aBm; No. 2 k.ooaiI.oo; no
established erade hay. Wooalsoo; sample gIade hay.
as to kind. quality. and condition. l00a2W.
sTRAw-No. / stHight rye. new. S0; No. :
straight rye straw new lS5oAisoo; No tangled ne
straw. n-50: No. tangled re straw. =; No.
wheat straw. 500; wheat straw. No. 2 100; No.
oat straw. Sooasoo; No 2 oat straw, T.ooASO.
LIVE P0ULTRY-Chiekens old hens. heavy. per
h, Is; do. small to medium, per H.. llal5;; do old
roostsrs per H.. 10; do. young. large per H., aIS
do. small to medium. h.. HaI5: ducks. old. ID,
lsals; do. spring. IbS and orsr. Per h.. psis;
do. smaller. per ID, i5aI5; pigeonA young. pr
pair. y; do. old. per pair. %; guinsa fowl. old.
each. %; do. young. ! ID. and over, s2S; do.
young. smaller. each. soaI5; turkeys young. . lb&
and over. per h., B; do. old. per ID. II; geese.
nearby. per ID. Il; do, Southern or Western. pa
H., Hal3.
EGGs-MarylAnd. Pennsylvania and nearby hrsts.
loss off, per doz %: Western hrsts loss OF. per
dor. .; West Virginia nrStS, loss on per doz. y;
Southern hrsts. loss Oh per dor. S
BUTTER-CreameTy. fancy, per h.. 3lA52; choice
2sa3o do. good. 27a8 do. prints. SA3 do, bockA
DaZ2; ladies. 2a3; Maryland and Pennsylvania rollS
2a9; Ohio rolls. =; West Virginia rolls. =: store
packed, q: Maryland Virginia, and PeAnUlIsnia
dairy prints 2; process butter Ea8.
The Washington herald., 1913-11-15
NEW YORK PRODUCE.

New YORK, Nov. H.-MILLFEED-Firm;f fair IN.
quiry. Spring bran, in lo0-pound sacks q gs23 Is
standard mhddling. S-5G2575; Western red dos . 90
winter wheat, in lo-pound sacks to arrive S 90;
city bran, IN bulk, 800 Argentine bran, to arrive
2D
RYE FLOUR-Stesdy; dealings are moderate.
Good to choice. at 37oa3.s5. in barrels.
CORNMEAL-SteAdy; trade Is moderate Kiln
dned, for export, as; coarse meal. In bags. lsoa
.L5
BUCKWHEAT FLOCR-Quict with prices finn
supplies are small. Choice quoted at 2sa3o Per
100 pounds.
HAY-Recc;pts, LIS tons; nm; choice is wanted
Quotations: No. / timothy, LGaLO7li; standard,
LOO; No. g 9slo: No J. s5aso.
STRAW-Receipts, 10 tons; steady; supply Is
small Long rye quoted at Sas.
P0Rk-Steady: moderate trading. Mess, . ooa
40; family. S0oaz 90; clear. la75a2l.oo.
BEEF-Stsady; demand is Inactive. PACKET Isooa
300; family, 9.0oa2aoo.
LARD-Steady; moderate eealinss. Prime West
ern. u-30 refined. Continent. lies: South American
l2So; refined Brazilian. in kegs I3o beef stearine
sisSsis cents asked; lard steaTine. inactive; New
York. llS cents
The Washington herald., 1913-11-15

, conda stock outstanding. the annual
dividend of SO per share amounting
! to approximately $4,000, ,0eO.
should Anaconda be compelled to sell
its copper at IL cents a pound, it would
report a deficit at the rate of over
/ 100000 a year. Since the first OF
last year Anaconda has accumulated a
drawn upon in case earnings do not
equal dividend requirements. How
ever. it is not believed that present
dividends would be maintained II cop
per prices held below Is cents for any
great length OF time. The Anaconda
board is conservative one, and its
policy is to keep a large cash surplus
on hand.
Anaconda Copper last year produced
2s4, 100000 pounds of copper. and its
earnings available for dividends
amounted to $15,s56,335, or 1856 per
share on the stock outstanding. Pro-
duction this year will show q very
heavy falling OF. and may be 3o,000,0o0
pounds below what ii was in 1912. A
representative of the copper trade esti-
mates that Anaconda will show smaller
earnings ia 1913 than it did in 1912.
Every drop OF / cent q pound in cop
per metal means a loss in earnings to
Anaconda al the rate OF S2,!00,oo0 per
year.
Statistically, the copper market is
strong, but consumers appear to be in
a better position to demand lower
prices than at any time since the first
of the year. Business of the consum-
ing plants has fallen on. and buying
from now on will be much smaller than
it has been in the past. month or
two ago large consumers stocked up
with copper, in anticipation of con-
tinued activity, but discovered later
that they would have 10 reduce opera
tions, due to lack OF orders. The re-
suit is that they can hold aloof from
the copper market for a longer period
than would have been the case il they
were favored with a larger volume of
business
The Washington herald., 1913-11-15
NEW YORK COTTON.

'ales. al 80 snHIes. against S5.55O yesterday
week ago. and 25,ss5 year ago.
The Washington herald., 1913-11-15
The Safest Investments
aralnst real estats with huiIdinrs nn

is. against real estate with buildings on
it. Technically there is a material diff
ference between a mortgage on an ONCE
building or an apartment, which is built
TO be rented and to produce an income
and a mortgage on a house, which is
built for the use of its owner. From
the standpoint OF the private investor,
however, there is not much difference.
provided the valuations of the property
in question are correct Both are good
forms Of security, IL conservatively made.
Then there Is the mortgage on what
is called unimproved property which
does not produce an income For in
stance. let US suppose tract of subur-
ban land near New York with no house
built on 1t, with no farming operations
carried on on 1t. and producing nothing
each year but a crop Of taxes. A
mortgage against such property may be
very excellent, or 1t may be very bad.
1t all depends on the property, on the
effort being made to sell the property
and thereby reduce the mortgage, on the
skill and good judgment OF the manage
ment which owns the property, and on
general conditions in trade. which may
make the property Salable or otherwise
There are here a great many factors
to be considered. Usually mortgages OF
this class should be left TO institutions
and men trained to appraise them and
able to protect themselves in case condi-
tions should change. This is not, how
ever. an invariable rule, and it would
not be fair to lay IL down as q prohibi-
ton against buying mortgages on unim-
proved and unproductive land
Enough has been said to indicate that
while the principle OF buying Hens on
real property is a sound and sensible
principle, II is not always safe to follow
II. The fact that the principle is a
sound one and Is accepted by such a
large army of investors. has led to It's
inevitable abuse by people and institu-
tons which recognize its power and want
to take advantage OF it. Therefore, use
discrimination in this field as In any
other investment field.
The Washington herald., 1913-11-15
NEW YORK MONEY.

New YORK. Nov. H.-Money call ca the StocS
Exchange today opened at g per cent; highest
~; lowest, 3: closing at per cent. Most Of the
DAYS loans were made at 81 per cenL
Business in the time money market is reduced 10
extremely small proportions. RATES arc 5 per cent
for sixty and ninety days. Isa5 Der cent for four,
i've, and six months.
Dealing in commercial paper continued on re-
strcted sae. Earlier aLticiratons that the institu
tions would reenter the market for larger purchases
with the return Of the November ! dividend and
coupon money far have not been fulfilled. Regu-
lar mAturities bearing prime names range from ~
per cent TO- per cent. with the hulk Of the paper
moving at the middle rate.
The Washington herald., 1913-11-15
WASHINGTON STOCK EXCHANGE

sales-Resnlar call. z O'Clock noon
Capital Trzcticn IS. 500 at lGk.
Washington Railway 4 Electric pfd., - at -
at 8. 25 at s.. at g. 8 at g. 25 at s, 3 at is
3 at &h Is at ssA. s at Ssh.
Washington Gas 5 at siK-
Federal National Bank. 9 at Is
United States Trust. 10 AZ l53. 10 At l2, 10 at is
10 at 49, 10 at Isz 10 at 49, 10 at H. 10 at l3s
10 at is2 10 at lSS, 10 at rs. 10 at Ia. at 10,
10 at Ii. 10 at Is
After call:
Capital Traction, 10 at 10, S at loe
Washington Gas 10 at sl&.
fnVERNNfENT,. R0Nne
The Washington herald., 1913-11-15
WALL STREET GOSSIP

Many of the buyers for cash are taking
the position that even IL dividends are
cut in number of cases, the return on
standard dividend paying railroad stocks
at current levels will be satisfactory.
Large speculative interests say they
do not expect to follow up prices at pres
ent, but will buy on weakness.
Evidence of accumulation of Union.
Reading. st. Paul, and Baltimore and
Ohio continues TO come to hand. Accu-
mutation does not fellow up prices
Before the end of the year the entire
lot of Southern Pacafic stock formerly
owned by the Union Pacific will have
been sold. Southern Pacafic will then
rise to par, according to well-infcrmed
interests.
Distilleries, Pacific Mail, Cotton on.
Tennessee Copper. and Rhode Island pre-
ferred are reported to be under pool ac-
cumulation..
Buying orders under the market from
two TO five points lower are accommodating
In considerable number.
London reports the money outlook to be
improving.
American Can earnings are at the rate
of about $500, 900 after all charges and
preferred dividend. The next meeting viii
be held the first week in December. and
regular quarterly dividend will be de-
clared on the preferred. There is also
some speculation as to the possibility Of
part OF back dividend on the preferred
being paid. This will not be decided un-
I'll q few days before the meeting.
Strength of Steel was accounted for by
the fact that the conference between
legal representatives OF the company, and
one OF Attorney Generals assistants was
regarded as significant The same applies
to American Telegraph and Telephone.
The Washington herald., 1913-11-15
seu.hern,. Fa.t Traln IN pltcn.

Hazelhurst. Ga, Nov. fL-The Palm
Limited, the Southern Railways new
Chicago-Jacksonvill train. southbound.
ran into ditch here today. demolishing
an engine and damaging a local passen-
ger train which. was about to start for
Ascon- Engineer Pair and Fireman
Pressly were injured. Thsrs we're no
fatalities.
The Washington herald., 1913-11-15
WEEKLY BANK CLEARINGS.

New York. Nov H-Bank cIearings in the United
States for the week ending November I3 aggregate
S.ils9 $500. against S.4lI.s5soo last week and
s. SIS iss 900 IN this week last year Following are
the returns for this week with percentages q
change frum this week last year:
The Washington herald., 1913-11-15
COTTON STATISTICS.

Furnished by n L. Carpenter Co
ReceiptS AiddlingA
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-01-02
He Wouldn't Tell.

The eminent Doctor LlQrente, physi
clan to the royal family of Spain, told
a reporter in New York recently that
he thinks the American woman is
spoiled
in my own country" said Doctor
Llorente, "a woman is content to be
queen of her household, bat here wo-
man wants to be both king and
queen"
The doctor, smiling. continued:
81 was surprised to hear that in
some cases the American husband has,
actually, to conceal the condition Of
his finances from his wife In order
to curb her extravagances. Thus the
rich young wife's complaint to her
doctor. friend of mine in New York.
would be impossible in Spain. where
married people are happy companions.
at is so Ridiculous pouted my
friends young patient, to call the man
at the bank teller" Why, he won't
tell you anything. asked one the
other day how much money my hus-
band had on deposit and he just
laughed at me-"
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-01-02
The Rev. Irl r. Hicks 1913
Almanac.

The Rev. Irl r. Hicks Alma
nae for 1913 is now ready. 1t is
the most SPLENDID number of
this popular Year Book ever
printed. Its va,ue has been more
than ever proven by remarkable
fulfillments of it's storm, wealth
er and earthquake forecasts this
year. Professor Hicks justly
merits the confidence and sup
port of all the people. Don't
fail to send S5c for his 1913 AL
manac, or only one dollar for his
splendid Magazine and Almanac
one year. The best one dollar
investment possible in any home
or business. Send to Word and
Works Publishing Company,
3401 Franklin Ave, St. Louis,
Mo.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-01-02
LEFT THEM BOTH GUESSING
information" Added Little to the
Small Amount Of knowledge Young
Matrons Possessed.

Two young matrons, who are sis
tiers, keep house in their old family
homestead in Kansas City, Kan. Re-
Gently their cook left them. While
neither had had much experience in
cooking, yet they decided to take
charge Of the kitchen. They bought
three cook books. For Sunday even
ing lunch it was determined to have
sauerkraut and spare ribs. Several
friends were asked in.
The kraut-and ribs were put on the
fire to boil. Suddenly 1t occurred to
one of the cooks" that she did not
know how long the combination should
cook. She asked her sister. She
didn't know. They consulted the cook
books. Each gave this instruction:
Cook until done" They were in de.
spair One of the husbands happen
ed to drop into the kitchen. He saw
that something was wrong. He asked.
and was told.
THAT ought to be easy to find out,"
he said. He stepped to the telephone
and called Information, please"
In a moment gentle voice come
over the wire: This is information.
What is it, please?"
Information, can you tell me how
long sauerkraut and spareribs should
boil?"
Without a moments hesitation the
silver voice replied, Certainly. Cook
until they are done" kansas City
Star.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-01-02
woMAWs ADVANTAGE N LIFE
British Physicians Of Prominence
Give Some Figures That Explain
Disparity Between the Sexes.

Though doctors have long realized
that thanks to better knowledge
of sanitation and personal hygiene,
people are living longer than formerly,
the much greater relative longevity
Of women as shown In the recently
published British national debt office's
report on the mortality of government
life annuitants has come as a general
surprise.
In summary OF these hgues It was
shown that the expectation Of life
OF woman OF fifty Is now more than
year greater than 1t was In 1875.
while that Of man Of the same age
is only three months greater
Discussing the reasons Of our in
creasing longevity and In particular
woman's stronger hold on life, physi-
clans at st. Bartholomew hospital
advanced widely different theories.
The essential cause OF DEATH" one
stated, lis wearing out from over
work of our brain cells. Women may
be just as brainy as men, but they
do not work their brain cells as vigor-
ously or as continuously as do their
male relatives. II they did there
would not be so great a disparity in
the length of life of the two sexes"
Another consultant puts down wo-
mans greater expectation of life to the
more sheltered existence she leads,
and the lack of the physically depress-
ing competition which is part of near
ly every mans life. "a woman may
have hard work to do, he "a piaiaed.
but except for the few who work in
offices or who follow professions, they
work in their own homes, and at a
pace they set for themselves. The
home is also, as rule. vastly more
airy, sunny and generally more whole
some than is her husbands shop or
Office"
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-01-02
Sporting Element.

Willie liked fee cream. but he drew
the line at turning the freezer. One
day when his mother returned home
she was agreeably surprised to find
him working at the crank as II his life
depended on it.
81 don't see how you got him to turn
the ice cream freezer" she said to
her husband. 81 offered him penny
to do it,"
you don't go about 1t the right way.
my dear" replied her husband. Il bet
him a nickel he couldn't turn 1t for
half an hour"
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-01-02

The club dance at the opera
house Wednesday evening was
voted a social success. r. j.
Henning and daughter, of Plains
furnished music.
Mrs. Pearl Wood Smith re-
turned Sunday to Wilburn, to
resume her sceool duties, after
spending weeks vacation with
her parents and other relatives
in Meade.
The Meade Light & Pow err
Co., have made arrangements to
wire houses at cost of material
and labor. Just phone the Liz hit
Company's Office and man " i'll
be sent to make an estimate with
out cost to you.
M. II. Teed, wife and two
children, of Forage, Wisconsin,
have taken up their residenc in
Meade. Mr.. Teed has accepted
the position of day operator a.
the Rock Island depot. The
News welcomes this family to
our city and hopes their stay
here may be.pleasant.
FOR SALE:-Two kinds II
good seed oats. One is Galloway
early new market, the other is good
early variety. Write or call phoue
SIa. O. d. Beutler, Meade rs.
sz-zt pd
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-01-02
Refinement In Trades.

The world as it progresses becomes,
II not more refined, at least more
delicate in its phrases. A generation
ago the dressmaker became q
"modiste" and the ready made tailor,s
shop clothing emporium"
We have to thank America for such
improvements as ready to wear" for
ready made clothes; footwear" for
boots and shoes; "neckwear" for col
lars and ties and doubtless for many
others.-London Mail.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-01-02
Cheap Lots.
Nonresident says sell:

y
Lot 7Bk. 81, First Add, South
west corner lot same block Fink
les residence, so #. lot; good
title, Price $40.
Lots /, 2, 3 & 10 Blk. e, Citizens
Add, just this side depot; has
brick sidewalk, $50 each, good
title, 5000.
Lot II Blk. 9, o. s., business
lot, just East of McGuire's.store
500.
All good titles; on payments If
desired.
Asst GEO. B. CONES.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-01-02

The Light Co. will wire your
house at cost.
DR. Amphlett and wife will be
home about January 5.
The electric light service OF
late has been ideal.
Cliff Wood is assisting in the
tonsorial parlors of H. Hoon.
Archie Fee has been assisting
B. R. Murphy invoice the M. &
M. Drug Co stock.
H. K. Jones will leave Friday
for Great Falls Montana, where
he expects to remain indefinitely
J.H. Garlic and family were
Meade visitors a few days this
week.
S. H. Morrow of Denver Colo
RADIO spent few days this week
in Meade.
We are pleased to announce
that Mrs. John Wehrte is improv
ing slowly.
Mr.. Dick Cowen has accepted
a position in the tailor shop OF
VIM. T. Crowder.
Homer Graves has accepted a
position in the hardware store
of w. f. Casteen.
Others are wiring their houses
for electric light. Why not you!
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-01-02

DR.. Henry returned Sunday
from a weeks stay in Hutchin-
son and Manhattan.
Mrs. F. Gray and Miss Hope
Osgood arrived in Meade Fri
day for few days stay.
Wiring a house tor electric
light is not as expensive as you
may think. ASK the Light Co.
about It.
Miss Anna Johnston returned
to Greensburg Sunday, after a
weeks stay with home folk in
Meade.
Miss Frances Walter expects
to leave the first of next week
for an extended stay IN Oklaho-
ma City and points in Texas.
J. l Stamper attended the
Auctioneer's Association ::held in
Hutchinson on Monday and
Tuesday of this week.
Little Thelma Fay Shields is
suffering from an attack of pneu-
monia fever. At this time she is
thought to be improving.
George Wehrle and E. M.
Olson went to Liberal Friday,
where they assisted in furnish
ing music for the dance given
there that evening.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-01-02

You can get fresh bread,
cakes, and pies at Holderman's
at all times.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1913-04-02
NOT GUILTY, PLEA
MR. PANKHURST

London, April 2-Emmeline Pank-
hurst pleaded not guilty to a charge
of having "counseled certain persons
to place feloniously and maliciously
certain gunpowder and other explos-
i've substances with intent thereby to
damage Lloyd-George's country house"
The court room was crowded with suf-
fragets.' The suffraget leader, frail-
looking and pale, announced: 81 will
defend myself"
Archibald Boklin, counsel for the
treasury, had not proceeded far with
the opening of the case when Mrs.
Pankhurst inteTposed an objection:
Il do not mind counsel introducing
reports of my speeches made by jour
nalists, but l do object TO police re-
ports. They are grossly inaccurate,
very ignorant, ungrammatical and con
vey absolutely a wrong impression of
what l said"
The judge soothed her by promising
she would have an opportunity later
to correct them.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1913-04-02
ST, LOUIS MAYOR
IS 4 REPUBLICAN

st. Louis, Mo, April 2.-Complete
returns in the mayorality election here
yesterday give Kiel, republican, a
plurality of 2,139 over Simon, demo-
crat Gerhart, progressive, endorsed
by Roosevelt, received 4,611 in the
total vote of 125,OOO, the largest ever
cast in a st. Louis municipal cleo
lion. ..-
Republicans also elected the collec-
tor, marshal and registrar, while the
democrats elected comptroller, audi
tor, treasurer, president of the board
of assessors, president of the city
council and the upper house of the
municipal assembly. The democrats
elected a majority Of the house Of del
egates and most of their candidates
for the council. Republican strength
among hOldover councilmen, however,
assures that party control of the up
per house, which must pass ON the
mayors appointments.
The socialist vote exceeded 5000,
their candidate running ahead of the
progressives.