davidaulloa/AmericanStories huggingface dataset:
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-07-04
No. 21O0
NOTICE OF EXPIRATION OF RE
DEMPTION
OFFICE OF THE COUNTY AUDITOR
County Of Cook, State Of Minnesota.

OFFICE OF THE COUNTY AUDITOR,
County Of Cook, State Of Minnesota.
TO S. NlcClelland, Jr.
You are hereby notified that the fol-
lowing described piece or parcel of land
situated in the County of Cook, and
State Of Minnesota, and known and de-
Scrlbed as follows, tO-wit:
Lot !, Section 2, Township ga, Range
West, Is now assessed in your name;
that on the 18th day of May A. D. 1914
at the sale of land pursuant to the
and made in and by the District Court
in and for said County Of Cook on the
oath day of March, A. ID. 1914, in pro-
ceedingS to enforce the payment of
the year 1912 for said County Of Cook,
the above piece or parcel of land was
sold to the State of Minnesota for the
sum of nine Dollars and ,ninety-six
toDer 1916 assigned by the State of
Minnesota for the sum of Forty-three
Dollars and thirty -four cents; that the
am0unt required 90 II to redeem said piece
exclusive of the costs to accrue upon
this notice is the sum of forty-three
Dollars and thirty-four cents and in
t terfs pe at d the s rate Of T.
October 1916 to the day such redemp-
ton is made; and that the tax certi-
ficate has been presented to me by the
demption Of said piece or parcel OF
land from said assignment will expire
SIXTY 900 days after the service of
t t3dS notice and proof thereof has been
Witness my hand and official seal
this Gath day Of May A. D. 1917.
COUNTY Aaiaitor, Cook Co K c S@ht!'f Minn.
(Sea' County Auditor, Cook CO. Mimi
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-07-04
Citation for Hearing on Petition for
Administration,

ESTATE OF FRANK PARO
STATE OF MINNESOTA, COUNTY OF
Cook,
IN PROBATE COURT
IN the matter of the Estate Of Frank
ParO, Decedent.
The State of Minnesota, To all per-
sons interested in the granting of ad-
mlnlstratiOn of the estate Of said de-
ceedent; The petition of Charles Paro
having been filed In this Court repre-
Sentlng that Frank Paro, then a resi-
gent of the County of Cook, State of
minnesota, died intestate on the 9Th
DAY Of February 1917, and praying
that letters of administration of his
estate be granted to Charles Paro and
the Court, having fixed the time and
place for hearing said petition: There
lore. You And Each of You, are hereby
cited and required to show cause If
any you have, before this Court. at the
Probate Court Rooms in the Court
IN the County Of Cook State of Mime
sofa, on the 31st day of May 1917, at
10 O'Clock A. M. why said petition
should not be granted.
WITNESS, the Judge of said Court
ana the seal of said Court, this 26th
day of April 1917.
GEORGE H. DURFEE
(seal Judge OF Probate COOK Co. MIN,
S. c. MURPHY,
Attorney for Petitioner. So
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-07-04

t45g
with all the merchantable timber on
said government tract with fifty years
from June 10. 1910 to cut and remove
the same. - :.
Also all interests of the said mort
gagors Edward Lynch and Margaret
Lynch in and to ali the government
descriptions Of lands hereinbefore de-
specifically in said mortgage or herein
Of said mortgagors to enter upon said
lands and cut and remove the timber
thereon. together with all the here
ditaments and appurtenances thereunto
belonging or in anywise appertaining.
Said sale will be made to satisfy the
amount amount adjudged due plaintiff in said
Thousand. Five Hundred Sixty six and
$4,000 Dollars ($12,566. 66), together
with interest at six per cent per an
mum from the date of said Judgment
and the costs and expenses of said
sale.
Dated May 10th, 1917.
L. H. LIEN,
Sheriff, Cook County, MINI.
WASHBURN, BAILEY and MITCHELL
Plaintiffs attorneys 5-23
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-07-04


County of Cook, State of Minnesota.
TO J. G. Harrison:
You are hereby notified that the fol-
lowing described piece or parcel of land
Sltuated IN the County. of Cook and
scribed as follows, to-wit:
Undivided Il Lot of Section 2,
Township Ga, Range west, is now as.
seSSed in your name; that on the 18th
day, of May A. D. 1914 at the sale of
and pursuant to the Real Estate Tax
by the District, Court in and for said
March, A. D. 1914, in proceedings to
enforce the payment Of taxes delin-
1872 for said County Of Cook, the a.
bove piece or parcel Of land was sold
to the State of Minnesota for the sum
of Five Dollars and thirteen cents, and
assigned by the State Of Minnesota for
the sum of Twenty Dollars and forty
cents; that the amount required to re-
deem said piece or parcel of land from
said assignment exclusive of the costs
Of Twenty Dollars and forty cents and
interest thereon at the rate of - per
cent per annum from said 31st day of
October 1916 to the day such redemp-
ton is made; and that the tax certifi-
holder thereof and the time for redemp-
ton of said piece or parcel of land
from said assignment will expire sixty
500 days after the service of this no.
t1ce ana proof. thereof has been filed in
my office.
Witness my hand and official seal
this 24 4t day of May a, ?: 1917.
County Auditor, Cook County. MINI,
(seal County Auditor. Cook CO. Minn.)
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-07-04
No. 21O2
NOTICE OF EXPIRATION OF RE-
DENIPIION

OFFICE OF THE COUNTY AUDITOR.
County Of Cook, State of Minnesota,
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-07-04

County Of Cook, State of Minnesota
TO Chas. +. Ingraham:
You are hereby notified that the fol-
lowing described piece or parcel of land
situated in the County of Cook, and
scrihed as follows, to-Wit:
Undivided u Lot ?, Section 2, Town
ship 81, Range West, is now assessed
my our name; that on the 18th day Of
suant to the Real Estate Tax Judg-
ment duly given and made in and by
the District Court in and for said
County of Cook on the Gath day Of
March, A; ID. 1914, in proceedings to
uuent upon real estate for the year
1912 for said County Of Cook, the a.
bOVe piece or parcel of land was sold
to- the State Of Minnesota for the sum
OF Five Dollars and thirteen cents, and
assigned by the State of Minnesota for
the sum of Twenty Dollars and forty
one cents; that the amount required
to redeem said piece or parcel of land
costs to accrue upon this notice is the
sum OF Twenty Dollars and forty-one
cents and interest thereon at the rate
or ~ percent per annum from said 31st
day of October 1916 to the day such re-
demnton is made; and that the tax
certificate has been presented to me
by the holder thereof and the time for
redemption of said piece or parcel of
land from said assignment will expire
sixty 600 days after the service of
filed in my office.
Witness my hand and official seal
County 2S' Auditor, Cook c; K c SARvEF Minn.
(seal County Auditor, Cook CO. Minn.)
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-07-04
HIDES AND FURS
SHIP TO THE OLD RELIABLE

We pay highest cash prices for your
Hides and Furs. We charge no COM
mission, and make prompt returns.
Write to-day for our free illustrated
Trap Book and Catalog, Shipping Tags
and Price List No. $50. One trial
shipment will prove we do as we ad-
vertise. We are paying the following
prices to-day:
No. 1 G. S. Hides 24c per lb.-Green
or Frozen Hides 22c per lb.-No. 1 G. S.
Veal Calf 4Oc per lb.No. 1 G. S. Veal
Kip soc per lb.-Horse Hides $500 to
IS 90 as to size, and more If the mar
ket advances. Furs are also bringing
High Prices.
NORTHWESTERN HIDE & FUR co.
Established 1890
Minneapolis. MINI.
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-07-04
T0rrenS 1853. 4 a84
STATE OF MINNESOTA. COUNTY OF
, Cook. =
IN DISTRICT COURT. ELEVENTH
Judicial District.

In the matter of the applica-
ton of The Marais Invest
ment Company, a. Minnesota
corporation, Adolph F. Swan
strom, Jr., Charles w. Swan
strom and John w. .Bayly, to-
register the title to the fol-
lowing described real estate,
situated in Cook County.
Minnesota, namely
Lot Twelve in Section Thirty
three, Township SiXty-dVe
North, of Range Two West of
the 4th p. M.
Northwest quarter of the
Southwest quarter and
Southeast quarter of the
Northwest quarter of Section
Twenty-six, Township Sixty
five North, of Range Four
West of the 4th P. M.
Lots One, Five Six and Seven
in Section Thirty-three,
Township Sixty-flve North,
Of Range Four West of the
Lot TWO in Section Thirty-four
Township Sixty-hve North,
of Range Four West of the
4th p. M.
Applicants.
State of Minnesota, County of
Cook and all other persons
or parties unknown, claim
ing any right, title, estate.
lien or interest in the real
estate described in the appli-
cation herein.
Defendants
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-07-04

TO Jerry Lavoilette:
You are hereby notified that the fol.
lowing described piece or parcel Of
land Situated in the County of Cook.
and State of Minnesota. and known
and described as follows, to-Wit:
Lots IS and 16 of Block as. Village
Plat of Grand Marais is now -, assessed
May A. D. 1914 at the sale of land
ment duly given and made in and by
the District Court in and for said
March, A: d. 1914, in proceedings, to
quent upon real estate for the year
1912 for said County Of Cook. the q:
to the State of Minnesota for the sum
cents, and was on the Sth day of May
1917 assigned by the State of Mime
sofa for the sum of Forty-two Dollars
and seventy-six cents; that the amount
eel of land from said assignment ex-
elusive of the costs to accrue upon
this notice is the sum of Forty-two
Dollars and seventy-six cents and in
cent per annum from said sth day Of
May 1917 to the day such redemption
is made; and that the tax certificate
has been presented to me by the holde
thereof and the time for redemption OF
assignment will expire sixty (6O) days
after the service of this notice and
proof thereof has been filed in my Of
flee.
this 18th day Of May A. D. 1917.
sic r. I. CARTER,
County Auditor. Cook County, MINI.
(seal County Auditor. Cook CO. Minn.)
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-07-04
The State of Minnesota to The Above
Named DefendantS:

The State Of Minnesota to The ABOVE
Named Defendants:
You are hereby summoned and re-
the applicants in the above entitled
proceeding and to file your answer to
the said application in the office of
the Clerk Of said Court, in said County,
within twenty days after the service Of
this summons upon you. exclusive of
the day of such service, and. if you
within the time aforesaid, the appli-
cants in this proceeding will apply to
the Court for the relief demanded
therein.
Witness Geo. Leng. Clerk of the Dis
trct Court and the seal thereof. at
Grand Marais, in said County, this 18th
day Of May A. D. 1917.
GEO. LENG.
Clerk of the District Court.
(Seal of Dist. Court. Cook Co. Mimi
ARNOLD and ARNOLD,
Attorneys for Applicants. SIG
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-07-04

Edward Lynch and Margaret
Lynch,
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-07-04

No. 2O97.
NOTICE OF EXPIRATION OF RE-
DEMPTION.
OFFICE OF THE COUNTY AUDITOR.
County of Cook, State Of Minnesota.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03

Mrs. Huddie Graham, Mrs. Davis,
Mrs. Milstead, Ruby Nolen, Wilkie
Morris, Hattie Virgins, Mrs, Single
ton, Curtis Blanton, Elyan Bigby,
Arthur Virgins, Lucy Virgins, Arrie
Morris. All enjoyed the meeting.
The following program was rendered:
Meeting come to order.
Secretary call the roll
Discussion of work done.
Song. by club,
Miss Landrum gave a lesson in
canning, and alsS g@eserving fruits
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
Moiino BAPTIST Church.

There will be regular preaching
conducted at the Moline Baptist
church Sunday morning at II o'clock,
and at 8 p. m. Everyone, regardless
of their faith or church affiliations,
are urged to be in attendance. The
pastor will conduct a regular com
musity service Sunday night and it is
hoped there will be a record attend
ance. Subject to be discussed as
follows: Some Present Day Prob
lens"
These services will be conducted in
the interest of the town at large and
all are welcome. Rev. I. l. Roberts
pastor in charge.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
First BAPTIST Church.

Corner Palafox and LaRua streets
Rev. J. A. Ansley, pastor.
Sunday School at $50 a. m; J. E
Richardson, superintendent.
Morning service at II a. m; sermon
by the pastor; subject. "Glorying II
the Cross" The Lords Supper al
the close of the service.
Evening service at 500 p. m. ser.
mon, Graveyard Folks"
B. Y. T. {. at : p. m; Miss Mary
White, president; Q. o. Williams
leader.
Mid-week services Wednesday eve
ming at s p. m.
You are cordially invited to attend
all our services.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
Services at the Pensacola Churches

ping in an old store house. They
are now building nice brick church
and while it is far from complete
such progress has been made as to
make it practical to hold services in
the building.
The pastor, Rev. Claude P. Roberts
extends a cordial invitation to ali
friends of the church to attend the
services of this morning.
This church is located on the north
west corner of jackson and K streets
and is just one block from the West
Hill car line.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
INVOKER OF UNWRITTEN
LAW is CONVICTED
By ASSOCIATED PRESS.

Knoxville, Tenn, June 2.-Rush
Strong, charged with the murder of
S. B. Luttrell, Jr., was convicted of
manslaughter. The penalty is from
three to ten years.
Strong's defense was that Luttrell
was intimate with Strong's wife, and
Mrs. Strong took the stand and con-
fessed to intimacies, but said she was
drugged and Coerced.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
Gadsden Street Methodist.

Gadsden Street Methodist Church,
corner Gadsden street and Ninth ave-
nue.; Rev. H. w. Rice, pastor.
Sunday School, $50 a. m; Prof.
VIM. Tyler, superintendent.
Preaching II a. m, Communion, 8
p. m, and preaching by DIR. L. C.
Branscomb, editor of the Alabama
Christian Advocate.
Epworth League, 7 p. n.
Prayer meeting, Wednesday, 500
D. m.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
Children's Day at First Christian.

Today is Children's Day and under
the direction of the primary teachers
q splendid program by the little folks
has been prepared.
The Sunday School will begin
promptly at 9:45 and be Followed by
the program.
The little folks have been practicing
for some weeks and those in charge
congratulate the children upon the
splendid program
At the conclusion of the program
the Lords Supper will be observed as
usual.
State Secretary H. T. Cook will be
present and will preach in the eve
ming. Mr.. Cook recently held a pleas
ant and profitable meeting at the
Christian Church.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
Methodist Mission.

Claude P. Roberts, pastor; Phone
1901.
Richards Memorial, corner Jack
son and K streets:
Sunday School, GAS a. n.
Preaching, II a. m.
Epworth League, $50 p. m.
Prayer meeting, Wednesday, las
p. m.
Myrtle Grove:
Preaching, $3.50 p. m.
Eleventh Avenue:
Sunday School, 10 a. m.
Preaching, p. m.
Navy Yard:
Sunday School, 3 p. m.
Song and prayer service, 7 p. m.
Prayer meeting, Thursday, TOO
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
First Methodist Church.
Rev. D. P. Slaughter. pastor.

Rev. D. P. Slaughter, pastor.
$3.50 a. m, Sunday school, Hon. lie
roy V. Holsberry, superintendent. Be
sure to come.
II a. m, sermon by Rev. L. c.
Branscomb, D. D., editor Alabama
Christian Advocate. Doctor Brans-
comb is one of the ablest preachers
in Alabama. Be sure to hear him
He has a message that is worth while
7:15 p. m, Epworth League service
8 p. M, service by the pastor. You
are cordially invited to all of these
services.
8 p. m. Wednesday, mid-week pray
er service.
8 p. m. Thursday, monthly meeting
of the board of stewards.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
Pleasant Grove Baptist Church.

The revival meeting that has been
in progress at the Pleasant Grove
Baptist church for the past eight
days is taking on quite a bit Of in
terest in every respect. The attend
ance has been unusually large at
every service and there has been fit
teen additions to the church. Rev
Edward Andrews is an able speaker
and his services are instructive and
helpful.
Rev. Mr.. Andrews will conduct a
special service for men only SUNDAY
evening at 2:3O o'clock, and it is
hoped he will be greeted by a gooc
crowd.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
First Presbyterian.

The First Presbyterian Church on
East Chase street, near Palafox; pr.
A S. Moffett, pastor.
Sunday School, 9:45 a. n.
Morning and evening services at
II a. m. and 8 p. m.
Junior Mission Band at the nanse
at p. m.
Wee Folks are welcome.
Christian Endeavor at 1915 p. m.
in the lecture room.
Prayer meeting Wednesday, at 8
p. IA.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
Knox Preshvterian.

Owing to the enforced absence of
the Rev. I. E. Phillips from the city,
Mr.. Charles w. Dickinson will con-
duct the services at the Knox Pres
byterian Church. All members and
friends of the congregation are ur-
gently requested to be present.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
BISHOP OF COLORED
CHURCH IS HERE

Bishop Z. Cottrell, of the Methodist
Episcopal Church, colored, is here
from Holly Springs, Miss, and will
attend service at the second NJ. Z.
Church South, at II this rGorning,
and the First NJ. E. Church, South,
at $50 .. m.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03

Corner Sixth avenue and East Ger
vantes street; John c.. Skottowe
priest in charge; residence SOP East
Cervantes street.
Sunday, June 3rd, Trinity Sunday.
Holy communion, 7 a. m.
Holy communion and sermon, II
a. m.
Evening prayer, 4 p. m.
Sunday School, 9:90 @. m; J. W
Dorr, superintendent; Louis Robinson
secretary.
Wednesday, litany, p. m.
Friday, litany, followed by choil
practice, 1880 p. m.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
Demonstration Work

Atmore, Ala, June 2-The Ward
Vile Poultry and Canning Club met
Thursday afternoon at 2:30 o'clock. 4
large crowd attended. Those present
wee: Misses Lola Blanton, Gladys
Ward, Eunice Brewton. Mae Blanror,
Fannie Lou Rumbley, Mrs. Catherine
Register, Robia Rigby, Eunice and
Flora Virgins, Mrs. Ida Virgins,
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
West Hill BAPTIST.

sunday SchOoI, g:45 a. m.
Preaching at II a. m; subject,
How Young Men See Visions, and
Old Men Dream Dreams" PIT.
Preaching at p. m; subject, 1.-TWO
Kinds of Meat"
At this service stereopticon slides
will be used.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03

shrivel, instead Of swelling up like little
white sponge. Then IL loosens from your
OF as though you'd take a glove off your
hand"
Yes, "Gets-It'' is theI corn discovery Of
the age. More "Gets-It' is sold by many
times than any other corn remedy in ex-
istence. Try IL and you'll know the
reason why. 1t takes two seconds to
apply 1t, and It dries at once. That's all
Don't experiment-follow the experience
Of millions and use "Gets-It."
"Gets-It' is sold everywhere, Csc a
bottle, or sent on receipt of price by z.
Lawrence & Co, Chicago. III.
Sold in Pensacola and recommended as
the worlds best corn remedy by Balkcom
Drug Co., Crystal Pharmacy, White
Pharmacy, Jas. r. nghorn, Hannah S
PharmaCy.-Adv.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
NEYR,sw%oSDssasFu! REMEnV
pr STOMACHhoSaSrg,
E:ISi5 sS:e7a H17IzlI Ss:iSH1ISGSS

Gan stones, Cancer and Ulcers Of the
Stomach and IntesUiues. Auto-Intoxica-
ton, Yellow Jaundice, Appendicitis and
other fatal ailments result from Stomach
Trouble. Thousands Of Stomach Suffer
ers owe their complete recovery to Mayr's
Wonderful Remedy. Unlike any other
for Stomach Ailments, For sale by Crys-
tai Pharmacy and all ether reliable drug
gists.-Adv.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
Lutheran Church.

No. % West Wright street; Rev.
J. F. W. Reinhardt, pastor.
Sunday School, 9 a. m.
German service, 1890 a, m.
English service, 7:30 p. m.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
Christian Science.

DnrIsLan DCItHCcs
First Church of Christ Scientist,
Masonic Temple.
Public services are held Sunday
morning at II o'clock, Wednesday
evening at eight o'clock. The rooms
are open as a free reading room ev-
cry afternoon from 3 to 6.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
st. Johns, Warrington.

Sunday, June 3rd, Trinity Sunday.
Evening prayer and sermon. 700
p. m.
Sunday School, 600 p. M; Miss
Carrie Horsler, superintendent; VIM
Row, secretary.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03

Service at Richards Memorial.
The first service to be held in the
Richards Memorial Methodist church
will be held this morning. The con-
gregation has been organized some
several years, but has been worship
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
and vegetables.

and vegetables.
Miss Landrum also gave a long
talk about caring for little chicks.
Meeting adjourned.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
Church of Christ.

Corner Alcaniz and Jackson streets.
Bible School, 9:45 a. m.
Communion, II a. m.
Evening service, 7:45 p. m.
Mid-week prayer meeting and Bible
study Wednesday. 7:45 p. m Stud y
ing the Conquest of Canaan. Cone
and study with US.
Everybody is invited to these meet
ings.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-03
kie-Yie- Yi8! Get
Get Me 'Gets-It Quick "

. NTVNa WaW9 ~0TTT = At WTT|
1--WE joined the Never-Again Club
Never again will use ANYTHING for corns
but Gets-It. Put drops Of 'Gets-It on,
and from that second the corn begins to
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-21
Exchange Rates
Affect Investment

The proprietor investments" are
represented by the ownership Of
stocks in foreign corporations and
by individual or partnership owner
ship Of unincorporated enterprises.
In these cases profits are realized
and paid in the foreign money, and
upon the shoulders of the foreign in.
I weston are placed the risks incident
to a fuctuating exchange. When,
for example, the gold value of the
foreign unit, say, the haikwan tael of
China, rises, the American investor
receives more United States dollars
for each 100 taels of profit; when it
falls, he receives less. If it falls
heavily and he wants to sell out and
withdraw his capital, he is likely to
find that the market price of his
property in terms of silver has not
risen anything like so rapidly as the
gold value of the tael has fallen and
that, so far as gold values are con-
cerned, he must sell at a sacrifice.
On the other hand, if silver rises
rapidly he may realize a net gain
because the local value of his prop
erty is not likely to decline in pro-
portion TO the advance in the gold
value of the tael. For this reason
proprietorship investments in silver
standard and fiduciary-standard
countries impose large speculative
risks on the foreign investor-risks
which must be compensated for by
prospects of attractive profits.
In the second class of foreign in.
vestments the investor becomes a
lender. He advances a sum Of money
in return for a promise from the
borrower 70 pay back the principal
at the end of a specified period
sometimes there is no specific matur-
ity newfoundland to pay a definite
rate of interest at regular intervals.
The best examples Of this second