davidaulloa/AmericanStories huggingface dataset:
The sun., 1918-09-12
GOSSIP OF WALL STREET.
specialties Dfa II.

n 70 not unusual for transactions IN
United States Steel to constitute . third
or even . half OF al the busincss in the
stock msrtet Yesterday thsy made up
nearer . quarter Of the whole than a
third In the last hour. when the selling
reached It's maximum proper
iona thers was . total turnover Of ap-
proximately 10000 shares. OF which
only $4,000 shares ware In Steel. or
something less than . quarter. The de-
cline in the price Of Steel from the
days top was 2M points and from the
Tuesday closing 2A pointa This situa-
ton was typical of the rest Of the
standard list when the slump WAS At
full velocity. and It led to speculation ~
to what caused the break. Conservative
stocks speaking relatively. were steady.
but there was pronounced weakness In
q small group OF specialties, namely.
United States Industrial Alcohol, Amer
lean Sumatra Tobacco, Distillers Securi-
ties and General Motor. Declines ranged
from 4 to 6h points In q nutshell, the
conclusion which WAN Street drew from
the episode was that loans were called
where highly speculative specialues were
involved. This seemed logical In the alb
sence OF news developments which would
be likely to cause selling in tho market
leader and its followers.
The sun., 1918-09-12
over $9,O0O,O0OOF
LIBERTY BONDS SOLD
McAdoo's Scheme to Partly
Exempt Issues From Taxes
Boosts Exchange Prices
ADVANCE THREE POINTS
Drop Follows Discovery That.
Plan Would Be Of Small
Value to Holders.

More ehan 0slo.ooo Liberty oones
changed hands IN yesterdays session o.
the stock market following the an
that Secretary McAdco
favored the exemption from taxation Of
bonds Of the new Issue UP to $4,000 for
the duration Of the war and limited
period thereafter together with an ex-
emption of tho old issues exclusive Of
the 3hs to the extent OF IN times the
subscription to The now with a maximum
limit Of $4,000 for the old issues
Trading in all the issues was the heavies.
in many weeks ana all except the tay
exempt 8hs enjoyed substantial gains
on the day. The 8hs showed a net de.
cline for the day Of 0.70. but continued
to sell above par.
Tho second Is were the strongest OF
tho six different Liberty bond issues
listed In the New York Stock Exchange.
advancing to as high as sS, up S.5t from
Tuesdays closing price, but subsequently
losing two-thirds Of the rise and closing
at $3.50, up LA. The second AIS had
the next largest move. also selling a.
ss for a rise Of $50, but subsequently
losing two-thirds of tho early gain and
ending the day at $3.50. UP 1.16. Tho
following table shows the days price
record In Liberty bondss
The sun., 1918-09-12

Bankers ascribed the sharp rise o,
more than points to a superficial I'm.
preston that the lifting of the cxemp.
ton limits would be Of great benefl.
to those possessing incomes between
$4,000 and 100000 and tho reaction
In their opinion was due to the discov-
cry that while the higher exemption has
real value 1t will be of real benefit to
the incomes that are taxed so per cert.
or more. They point out that the in
come to be exempted on the basis o.
$4,000 OF the new issue Is s1.c75 and on
the basis OF $4,000 of the old issues
approximately $1.S25.
Subscriptions to the new loan, II waa
pointed out yesterday. should be from
cash obtained from past eavings and
from future savings. The sale OF Sc
curities In order to buy the new bonds
is OF questionable value from the point
or view Of the Government, they assert,
and while the grant Of a higher exemp-
ton should appeal to tho public. It should
not, In the opinion OF bankers. lead to
sacrifice Of securities in order to acquire
the bonds. The yield Of many securi-
ties Is high enough to permit their re-
tention despite the increase in taxation
and even offset in many instances the
benefit to be obtained from purchasing
the limit of tax exempt Liberties The
value Of the Liberty Bond Is represented
'''S ~ "'ol ~ VIII at Jn6
market. they say. but in Its future worth
at or near maturity. In this connection
1t Is interesting to note that bankers
have figured that on incomes OF $4,000
or less the 4As and As we're more ad
vantageous, but for all incomes above
$4,000 the las were the more attrac-
tive on account of their tax exempt fea-
ture. They assert that the more drastic
the rate of taxation the more important
becomes the exemption feature.
Nothing that was said by bankers
Yesterday was intended to discourage
the sale Of Liberty Bonds, but merely to
show the inadvisability of realizing upon
securities of higher yield in order TO
buy the bonds. Unless the income eX-
ceeded 100000 there would be an actual
monetary loss involved. This OF course
benefits the 10 per cent. OF this coun-
try's population that will take 80 per
cent OF the new issue.
Raising the exemption limit, however.
bankers believe, will be doubtless
great stimulus in the forthcoming cam
paign. Particular attention was paio
to Mr.. McAdoo's Endorsement OF SOM
plan for stabilizing the issues similer
to the Canadian organization for sta
bilizing the Victory loans, already de
scrbed In these columns. The bono
purchase fund provided in the Thin
Liberty Bond bill has been resorted to
but without much apparent success thus
far according to local bankers
The sun., 1918-09-12
How n Market Was CAPTURED.

Ever since the earnings OF the Dis
tillers Securities Corporation bepa, IN
creasing the management has adopted a
policy OF going into the market and pur-
CHASING Its per cent. collateral trus,
honds' There was $l60OO.Ooo OF these
bonds authorized at the formation Of fine
company. but there is only So oo o0o
outsta nding at this time. In connection
with the purchasing OF these bonds . II
was learned yesterday that a certain
commission house few months ago
learning that the Distllers Securities
Corporation contemplated entering the
market again to buy its own bonds adj
vised Its customers to purchase the Sc
curities with a view TO selling them to
the corporation at much higher prices,
The management of the company. how
ever. learned OF this proposed coup and
promptly withdrew from the market.
leaving the commission house in charge
of the market for the bonds, which thew
are believed to have on their hands M
present. Tho corporation has not becn
purchasing any bonds since the broker
age house in question tried to make can
ital of its knowledge. The amount Of
bonds held by this house and its custom
crs is understood 10 be such that they
could not be unloaded except at a sub
stantial loss. lnasmuch as the only buy
ers TO any extent would be the DistiIlers
Securities Corporation.
The sun., 1918-09-12
Industrial Alcohol.

Urgent selling OF United States Indus
trial Alcohol resulted in break of n
points in that issue To tho new low rec
ord for this year Of 1l115. which COM
pares with the previous low of ia estab-
lished on January r. II also compares
with high price Of 1877 made on Nav "a
the day pistillers touched its high mark
Sales of Industrial Alcohol were based on
rumors that tho company contemplated
reducing the 16 per cent. dividend and
that the company's earnings have been
shrinking. Inasmuch as Industrial
Alcohol has always been one Of the spe-
cialties that have sold plus mystery
nobody seemed sufficiently interested TO
learn whether the rumors we're based on
fact Persons who have been short of
the stock from 125 did not see ut to
cover even at yesterdays low level
The sun., 1918-09-12

10 fAs Creditors. Stockholders. Pohcvholders.
u any, and az Other persons interested IN
the affairs Of the Colsn'oie Lie AssHsance
xotice il Hereby Given:
!. That the Superintendent of Insurance
OF the state Of New York has been directed
entered In the ofrice Of the Clerk Of the
County Of New York. on the 4th day of
August, 1911. to take possession OF the
property and liquidate tho business of the
Columbia Life Assurance Society, pursuant
10 the provisions Of section 60 Of the In
sursnce Law; and that the undersigned
pointed Clarence C. Fowler. Chief OF tho
liquidation Bureau OF the Insurance De-
" Insurance. as his agent to liquidats the
business and affairs of said corporation.
H. That al persons indeSted TO said
ing In their possession any property or Eff
fects of said corporation are required and
demand Is hereby made upon them TO rem
der account OF all such debts and sums
Of money owing by them respectively to
said Superintendent OF Insurance. and TO
pay such debts and to deliver such prop;
Clarence G. Fowler. as Special Deputy
Superintendent OF Insurance. on or before
III 1T That ali creditors Of said Columbia
life Assurance Society. and all persons
having any unsatished claim or demand
and all persons holding any open or sub
sistins contract of such corporation, are
hereby required to ME with and deliver
and present the same In writing and In do
tAA duly verified under oath to said Clar-
snce e. Fowler. as Special Deputy Super
ntendent of Insurance In charge of tho
liquidation Of said corporation, at his Of
dee, as broadway, Borough of Manhat-
tan, New York City, on or before the 9th
day of November, 1913.
~. Proofs OF claim nled pursuant to
this notice should contain tho following
tnfor nation;
(a) Name and address of claimant,
tb) Nature and amount of claim
fc) Documents sustaining claim,
fdl Verincation of claims under oath
should be taken before a notary public
or other officer authorized by law TO
administer oaths, In the following form;
tJohn Doe) being duly sworn, deposes
and says that he Is tho claimant herein;
that the foregoing claim Of deponent
against tho Columbia Life Assurance
society 10 in all respects just and true;
that no payment has been made thereon:
and that there are no offsets or counter
claims thereto. to tho best of deponent'a
knowledge and belief.
v. The claims presented against said
corporation will he determined, its assets
distributed and Its creditors. sockhoiders
and policyhoiders. II any. paid without
further notice TO persons failing to comply
With the foregoing directions.
astions relating to the said corporation
and the liquidation thereof should be ad-
dressed to and had with said Clarence g.
Fowler, as Special Deputy Superintendent
of Insurance, at his office as aforesaid
Dated. Albany. N. Y, September 9Th, 1918
JESSE 8. PHILLIPS
Superintendent OF Insurance
The sun., 1918-09-12
Standard Oils Oo.e Annx.

Notwithstanding the business done in
the Standard Oil shares was light prices
showed substantial declines compared
with the previous close. Sales we're at
tributed TO the statement from Washing
ton that the price of gYolene would be
reduced. but this did not coincide with
Senator Lodges statement yesterday
that there was startling shortage OF
gasolene. Atlantic Refining was quoted
yesterday at $50 bid and 500 asked,
asked the previous day. Standard on
of New York lost about six points
Ohio Oil lost five points. Standard of
New Jersey 20 and Standard Of Indiana
20.
The sun., 1918-09-12

scribe TO amounts between $4,000 and
$4,000. This il the class according to
latest information obtained from au-
thorltatiye sources. which the various
Liberty Loan committees have found
the hardest TO reach. for one reason or
another. In the first loan his subscrip-
tons were almost negligible, and his
record was not much better in the sec
ond campaign. In the last campa Ign
the efforts of the committee were more
generously rewarded; but nevertheless
his subscriptions have not reached the
proper proportions as contrasted with
other classes of subscribers.' Yester-
days action was agreed to be a step in
the right direction by all we'll informed
financial interests. The only question
was why the Treasury Department had
not gone further in this direction.
The sun., 1918-09-12
Brokers' Loans Called.

Certain brokerage houses reported yes
terday that the banks had been calling
their loana In many instances houses
with plenty OF working capital were able
to take up these accommodations, but
those with small working capital were
forced to go to other institutions op,pri-
vate banks and get new loans or ask
customers for additional margin. This
calling Of loans was accepted as part Of
the plans Of the banking community to
reimbursement and distribute loans moro
equitably. Margin calls were sent out
last night to those customers Of houses
having specialtiss In substantial volume
on hand Whether or not the bulk Of
these spectators will produce tho addi-
tional margin ought to be reflected in
the prices for this group Of stocks to-
morrow
The sun., 1918-09-12
Tho Moderately Rich Man.

In connection with the Treasury De-
partment's announcement yesterday that
an attempt would be made to secure
more generous exemption from the sur
tax Of all classes of Liberty bonds ex-
cept the first issue. the question was
asked repeatedly why the authorities at
Washington have not designed some
sort OF amendment OF this character so
as to encourage the moderately wealthy
man to buy Liberty bonds; that 10 to
say the man who can AFFORD to SUBJ
The sun., 1918-09-12
LONDON MARKET.

LONDON, Sept 11.-With large sales
OF national war bonds and a DISPOSE
ton to await events on the western
'front.' dealings on the Stock Exchange
to-day were somewhat smaller, though
the tone continued confident French
The sun., 1918-09-12
Quotations Unclaimed.

Sugar, Steel and Ordnance, Chemical
and Old Metals quotations were un-
changed yesterday.
The sun., 1918-09-12
Exports From New York.

Exports from New York yesterday in
Guided; Whsat, 270,753 bushels; flour.
1902 bbis; lubricating OIL $500 gal.
Ions
The sun., 1918-09-12

hves reacted and mines and other
specialties were dull.
The sun., 1918-09-12
Holiday for Exchanges To-day.

Tho New York Stock. Cotton, Coffee
sud Produce exchanges are closed to-
esy. as woll a. the sugar market. Chi
sago Board Of Trade win be open.
The sun., 1918-09-12
MISCELLANEOUS STOCKS.
RAILROAD EARNINGS.

CoNSTITuTToNALsT RAILWAYS, MEN, =
Second week August. .. 1924 H.. 81
From Aug. TO Aug, Il. iG67 js5 In a-
CHICAGO, BURLINGTON AND QJlNC1
The sun., 1918-09-12
MONEY AND EXCHANGE.
CALL RATES.
CALL LOANS ON ACcEPTANCEs.


Prime Endorsed Bilslsix mo ths,s
Receivable. Other Nems.
sixty days.........B Three 10 sir
Ninety days........ months .......
ACcEPTANCES.
90 days. 60 days. 20 day,
Bid. Ask. Bid. Ask. Bid Ash.
banks .....,,... ~ ~ 81 ~ az
Eligible nom
member banks. III a. a. a. AZ ~
Ineligible banks
bills ........... 81 ~ 81 ~ ~ *
CLEARING HOUSE STATEMENT.
Clearing House exchanges, $3.50 or. Gle. hal.
ances. ~. s73.4Os; Sub Treasury debit hal.
ances. LEO SO: FEDERAL reserve credit bal
ance, siS,0os,671.
DOMESTIC EXCHANGE.
Boston, par; Chicago. par: St. LouiA m
i5c. discount bid: San Francisco, par: Nor.
treal, FS!Ss pretsUim; Cincinnati. par; Min.
neapolis. Toe. premium.
SILVER PRICES.
Bar silver IN New York, s1.o1x. mn.
changed; IN London, %sad., uncbsnred.
Mexican dollars. 7Sc-. unchanged.
The sun., 1918-09-12

'odd lots Noeodd lot
unless outside
The sun., 1918-09-12

a. BANKERS Commercial.
% dsss.--.~-.-.. tp leo davs..-...s..... Iss2
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1918-02-11
.ECAN OBTAINED
THROUGH ERROR
PAPERS MADE MIST AXE


MILWAUKEE, VIE. Job % ~ was
up,u,aU. an accident th1t Nod lgau
vas secured 10 manage tho Milwaukee
baseball ,Iun fnr l'i'
When 4. O. TImms, president o' Mo
Milwaukee club tcDuNri word last fall
lhat PADDY Livingston would no unable
'n continue As wBuua'r m mo l'rrN"fs
boo began casting about fur - new pilot
Iis received fS.Uwwsui1ilou u' diirf
.uf hullu|HNrfH unI mHuHrHff from nl
parts uf the country hui hr was alFu
.uok'uH about himself especially toward
fNe international I'HTur lls figured lNH'
Jack LgHU. manager NJ the Providence
uN who Loot Tho ueuuHnis lu tho
ilrFuo lE hnIf % Eaus Hnd Win o. Wu'h %
cheaper team than Toronto tho winners.
must De u pretty good man
osu Fhttsrlru Replies
Mr TImmo ncenu lnQulrinE yihoui this
Providence leader and received some
worry n1ucrlug rop.lsr The f7Ul that nr
Vts after M IVin leaked out ami li"m
vac sent i0 mo papers regarding ih"
matter How over. Tho papers say" ~
uut ts ll 1ul sumH NJ them. Sod llnu.
Instead NJ Jack Nlf TImmr Wns very
much surprised 70 few dWf later iu Eri
several lotierE from worry prominent
rnsrhuil wun iu ih' major leagues con
h.NINI1'I|t NIIN NlN'| f'.IlIIt ~ NN'" "
pilot nH Nod lRlu No. limmo was lut
1led aud began n inquire uH tn who Ned
J. gan wnV Ito discovered that Nod Was
70 minor league manager living ~ ~
Paul uui who had uu"urihrd NO. WnuN
Young ulpNtfH rH any manager lu tho
| business sollng mauy NJ them to Iho hg
/ league clubs n was then ihnu MI
IIWwo. more out m curiosity thnu nny.
/ thing e'He rui in touch with N,1 Egnu
nner b." lHd hfru negotiating With ih"
0rIr'nrl lnrk Irnn with tho final Co..
/ FuIi thHt the Milwaukee WngUn'r ,nfuo
90 toms with Nod instead of Jnrk
Everyone 10 Hhppy
The ycvs was Nll prepared for tho
papers On Saturday hut nm ihni very
same duy Nj IFln discovered that hlH
partners I'm Tho grocery huHlncHH with
him a. 81 Paul AFFECTED N.n SERIOUSLY
ru having him i0in IlF league ,luu NJ
they wanted him nrIrsr home NCd
got busy on the telephone. explaining
matters 10 Mr. Tmmc uud na result
the latter uprur1 iO cancel tho contract
he had slGuod
The dpv following SUNDAY. thc ptti.
u'rH of Mr. Igtu nt El Paul must have
road lu ruwo NJ tht papers about hlH
ROOD fortune aud they hhl change uf
lpurt, fur thoy tcIophOu.1 Nri ni ClI-
,sru. whore ho wlF NJ that time t0 tho
effect that they would mot stand iu hlH
wny fur l,urriur himself
More long distance lolrphouug tu Mr.
Iuwmc hN Nod lEHu' Result now
runiIpDi md announcement iu tho
plr"uH Monday morning with everyone
murN
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1918-02-11

MISS MARY BROWNE
QUITS COURT FOR
POSITION IN BANK

Qg tss WARY X BROWNE,
|H.| nHtlonHi woman lawn ten
""" ME champion In ipi2. io1
and iQH. 10 through counting hsf
many victories on the courts IN
futurs ths will count the "lonu
sNd lusClQus green" In . bank ~
r0ftt fhm California rsrsntY
stated mat Miss nfowns hud tHF
en- = position 10 teller m q santa
Monies bank and had made thn
announcement that ths viii never
rnWItts HuHln ln championship
tennis tournaments
N thIs report 10 tue " msans
me withdrawal from the courts ~
the greatest woman lawn tsnris
playsfs y NOT ths greatest, Who
sysr swung racquet fhsfs NHt
some DOUBT - a. "Ouf Mays
position among The truly urrat
players ~ the world untIl ihtt
summer. when shs played MISS
Molll nlurstsdt . long series ~
matches Tor the ambulance funt
and won 4 majority oi ihsr
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1918-02-11
INDIAN HURLERS
REPORT MARCH 4:
Cleveland Players TO Train al
New Orleans,
PELS REPORT SAME DATE
Other Cleveland Players Re-
port 10 Days Later

NlW OuLIANg. Tsb ~ -ClsyslAndA
Tf.N.fH HuI UHt. IrrH and ma entire New
UTrHHa baseball team have been or
H...H fu tIUHr Hi llrInomnnn park 10
I.Hn HwIur Practice Monday, March T.
IH, n|tH.r IN iHr Cleveland squad 10
hr ihu Indian muus ~ few days
H|.I iHIH NtHI iHHU IuHi season. when
'... llgHn uuIk Notch
IHr uTHrfHW iH mo same NJ last year
.t..u uI vf u1u few days later
1000 uIur fnr Zine President HsinemAnn
uI mo irH.Hus r1Id Hsi night
iu uuun.ug Tho season Apul "a, the
Southern lrHruo Ia starting five days
Hfrf Than usuHl Tho custom has been
IH open between Ann 90 and i8 This
urir. ApriI lt we COMPROMISE
u1.Nri 1i tIa .snl mssiIns New Or.
opening uu Saturday Arm ~ hcesusa
iIai vuuH H.fr uH Saturday and sunday
mos iH afuf With whit. 10 ts q rOnslds
cradle Iffm tW ihs northern isHua
claimed u.r could NOT Hei IN rondi'
uuH Fu srIIu uui wanted IN open q
Nr'F Hi"r The s.''"'mih vas com
promise
.uf ruUur ~ doesn't fuli No And I
HHHH iH mH.. H.WH IWufsHHInu nn tho
ufNrT directors Hf fNT meeting later IN
iHr month HW HuI. loo n Hent0u
Hhrr .mH.fH Wusf hs .uf in make ends
IHE..Hl nNfuIUr dates
liHW M. I,Ii.HuH viii faro IN Tho
dnu sNI lH mHsisy 40 President
liUurmrnH Thfur men owned ny tho
Sow OIIttus tlur were taken IN the
Urf dwn Thb Hfr Nixon DillinqOr
and TH.Hln. Iui M none N the three
VHH counted 0n 'ur uH 1oar tho Item
docs NOT enter into calculations nnt NJ
tHr others mite s known rdmonlson
hrs roii.u lu Cnfs l.N Al oi ths
other married men uu the toam expect
tNa Har' confederation, hut Mr Hslns-
mann he's not heard from them This
important Information should hs IN hand
4. .fUrs another ton d1fH. however. aud
then ~ wll no possible 10 rltr ~ the
ufufUr.fs ION ilr HHHH.u
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1918-02-11
Navy Refuses Furloughs
To All Baseball Players


"AsHlS5T0N. Fr u The Hron
Ffi hHt $500 r.f have tho tsu eos mis-
year Of Manage Inrs Barry and other
members of me 1917 baseball machine
Who have enlisted ln ihs naval rc.sr,
This was decided ry Secretary pnnus
who i"u,l "a general order pm.rung
flr'ougIt '3 aI aih.s'as
Tie request that Rarv rs placed OF
ihr inactive lst was wHis NJ me- Dc
gen 'm'n' hy hepfesrnHiNe GHIU.au Z
l,.,i'h. on h'haf = iEe owners Of tho
trsi majority NJ me- members o., frf
I.tl S0H club .""f'rl H iIs nH.. az f.r
close Of me lFlf tlHaun and were r.n
1r DUTY 10 }e.weH 40 A'HHN. ssrhnfrH
If.. lI. urged 'Hn wHHsHug r'
I.ffy on mo grounds that no service
30 mon ser uf the Boston ball club eHs
'.s'H'' 'n the management in Win inn.
f'.ls me 'fHrns0's n' me 'YlI team Hrf
no new r'. .gnrI q. tHHr fHl r'aU..
~ those Who hi ANSWERED iHs rsU Of
Secretary Daniels informed Gsn,,r
Nur'h Carolina rry Iu mo- nav, ur.u Oh.
..t'r' f'. .' m Ia fl'Hr. who needed
f.n iu ON important business venture.
'.I 'NH' 'N permit '.. Boston athlete
10 return % civil No f0r me summer
would he 's'an.sf."g r. precedent fr,'
MfN 0H' 'H fellow T.7,..H ~ '.s
I01 s"N team rrr r.f overseas p. 'f
N.fr"HN season officers 10 f.a r.s.,..
ton bur'"u said .fNt, can sr.. fNf
f"mwff HHs''ws D.. Organizing ...Hs .n
f.. laF| |m.,ss f.r .fH.sf.a u.. IHNr.
mo intention = fha department o. prH.
Ha them Win ..|"Hf.f..|H H. Il#. |#
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1918-02-11
CADOUE WANTS
SHOULDER BARS


Loon Crdurc. pitcher ~ the Rrooklyt
club. 10 now in the officers training
comp ni Camp Upton llH was drafted
Into tho national army nt Upton, and
soon was appointed rofpornl
n ttdurr gols hH rommlHsiOn he will
hr the ffih major league hnll player "a
earn thnl honor Eddie GRANT Harry
Mccormick md frcl lirnlnafd former
Chants md JON Scott ~ tho Whlts
ku, already have commissions Grant
rud Scott are captains and the others
uruicunutE Lieutenant Mccormick In In
France. Grant NJ Upton. nrHlnArd At
lou worth. Texas. and Scott st the Pro-
sIliu. Eru lrruclaFO
Sherr0d Hmllh, Onoiher Brooklyn pitch
er IL NJ Camp Gordon and In said 10
he surs of nm appointment IN an officers
training camp John Millus, another
Dndgor pitcher. also was drafted
The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1918-02-11
SAM LOYD'S BRAIN FOOD
20 Minutes to Digest This.
No. 37l.


According to encyclopedia lore the
Rayal Game. or what is now known
as chess. was invented by Hindo9
named Scssa. and the king Of that
country. Chcyan the Great, asked
-cssa what reward he demanded
nr his wonderful game Scssa as
Drni'hci the king bv the apparent
moderation Of his demand viz one
arain Of wheat for the first square OF
Inc cheSsboard. two for the second
our for the third, eight for the
qurth, and so on. always doubling
'or each square up to the sixty
fourth square ot>the board
The king accepted the proposition
and later learned that he had pre-
scnted Sessa with the first world
corner on wheat Can you tell jus,
how much Of the grain the chess t0
.cnlor was entitled TOP
Answer to No. 372.
ConsDantinoplc. Turkey. Samama.
PALESTINE Ihcbcs. Ancient Bocotia
ondon. Tours. France, Metz. Ed
rnhurgh Genoa Berlin
(Corvrirhf 1918 by sam Loyd)