davidaulloa/AmericanStories huggingface dataset:
Arizona republican., 1918-02-07
STOCKHOLDERS MEETING
OFFICE or UNION OIL COMPAN


OE NE UT oNloEN Ofl< Az L
OF, ARIZONA
Phoenix. Arizona, February Z, 1915.
Please take notice that, in accord
ance with the bylaws of the cor
-poration. the Annual Meeting OF
Stockholders of the Union Oil Com
pany Of Arizona will be held at its
principal place of business, Phoenix,
Maricopa County. Arizona, on Thurs
day, February Il, 1918. at 200 o'clock
p. m. for the election of Directors
and for the transaction of such other
business as. may come before the
meeting.
.,- JOHN McPEAK.
Secretary.
Proposals Will be received until ?
P. NJ. February 18th. 1918, for furn-
ishina and delivering,
10000 Lbs. No. 1 Feed Barley.
2e.Goe Lbs. No: / Milo Maize.
Must be threshed and clean.
Submit with samples TO Salt River
Valley. Water Users Association
Warehouse. 526 South Second avenue.
Arizona republican., 1918-02-07
NE|THERPARENT
MAY HAVE CHILD

Neither the father nor mother were
considered the proper person for the
care and custody of Mary Fances Metz
Ter, the 11-year- old daughter of Mr..
and Mrs. r. H. Metzler, who was or
dered to the Detention home by Judge
Stanford yesterday pending the time
when a home can be found for the
child.
Mr. and Mrs. MetZler have been more
or less in the public eye for weeks past,
when Mr.. Metzler first brought suit
for divorce. and then instituted adult
cry proceedings against his wife, men
tioning a man by the name of Evans.
The latter case was dismissed from
Justice Wheeler's court.
Arizona republican., 1918-02-07
], ?. MILLS AND
IRVINE NAMED

John p. Mills and J. A. 4. Irvine have
been endorsed by the Woodrow Will
son club. as candidates for city com
missioners in the coming municipal
election, it is announced. The word has
also been given out that maps of the
new precincts into which the city has
been divided will be printed and an eff
fort made to get as many voters regis
tered as possible. The club will work
on a non partisan basis.
The clubs headquarters have been
permanently established in the Irvine
building over the Doris grocery, in
room . All meetings of the club will
be held there henceforth, it is an
nounced.
Arizona republican., 1918-02-07
TODAY'S CALENDAR


The auxiliary Of Phoenix Chapter
No. 3, Order of the Eastern Star,
will meet at , o'clock this Afternoon
at Masonic hall. All visiting Eastern
Star members are invited to be pres
ent. The committee for the after
noon comprises Bertha Galpin, Kath-
crime Gushing, Ida Lawrence, Anna
Phillips, Florence Bartlett, Mary He'll
man.
Arizona republican., 1918-02-07
ROBERT NJ K|BB|N
VISITOR IN CITY

Robert H McKibbin, formerly fore
man of construction for the reclama-
ton project but who has been for the
past year in Peru. has returned to
Phoenix for a time and will probably
be in and about the city for the next
several months.
Mr.. McKibbin has host of friends
in this section who will be glad of the
opportunity to renew acquaintance
with him
Arizona republican., 1918-02-07
BOYS CONGRESS To
MEET FRIDAY NIGHT

The Boys Congress of Missions and
the father will hold their annual ban
quet at the Presbyterian church on Fri
day evening at GAS o'clock.
The question Of having the boys en-
gage in the pleasant task of making
gifts for the soldiers will be one of the
important matters taken up at the an
nual meeting.
Arizona republican., 1918-02-07
Local Weather Yesterday

degrees
Deficiency in temperature since the
first of the month, 1 degree
Accumulated deficiency in temper
AZURE since January l, Is degrees.
Normal precipitation January l to
date, 40 inches.
Actual precipitation, January 1 to
date, LA inches
Accumulated deficiency since jan
uary /, &c inches.
ROBERT @. GRANT
Arizona republican., 1918-02-07
MILITARY MEN
WILL Be FETED

Extending special invitation to
members of all branches of the mill
tary forces of the United States who
are in the. city on leave or furlough,
Camp No. l, United Spanish War Vet
Arizona republican., 1918-02-07

| hereby announce myself as a can
didate for the office of city commits
sioner of the City of Phoenix, subject
TO ratification by the voters of the City
at the primary election to be held
March LIST. | am against bootlegging,
gambling or police protected vice OF
any kind. / stand for an honest, eff
cient. and economical administration of
the city's business.
]. A. r. IRVINE
.(Adul N
Arizona republican., 1918-02-07
TO VISIT SON HERE

Mrs. W. w. Shines will arrive in
Phoenix on Saturday from her home
in Ontario. California, for an indefi-
mite visit with her son. Colonel Charles
w. Harris, adjutant general.
Arizona republican., 1918-02-07
NEW CORPORATION

Articles of incorporation were filed
yesterday in the office of the state
corporation commission by the South
west Engineering and Construction
company.
Arizona republican., 1918-02-07
ss!sr
Cs15f re lag.SID
ssTEi1E
WEATHER FORECAST
Republican A.P. Leased wire1

Ariozan-Thursday and Friday gen.
orally fair; cooler Thursday
G lora d 0 THURSDAY unsettled;
Warmer west portion; Friday partly
cloudy; cooler central portion.
New MeXicO-Thursday and Friday
fair; warmer northwest portion Thurs
day.
Southern California-Cloudy, prob
ably rain.
West Texas-Fair Thursday and Fri
day; not much change in temperature.
Arizona republican., 1918-02-07

Do not wait till tornorrow-phone
that WANT AID. to. The Republics n
and dispose of, or get what YOU want.
Arizona republican., 1918-02-07

d. e. Andrews. of Clifton, is stop
ping at the Adams hotel and enjoying
the balmy weather of Phoenix.
Arizona republican., 1918-02-07

l.. l.. Campbell is in Phoenix for q
short time. He is at the Adams hotel
Mr. Campbell comes from Prescott.
Arizona republican., 1918-02-07

j. NJ. Sparks, a well known contrac-
tor from Douglas, is now a guest OF
the Adams hotel for short time
Arizona republican., 1918-02-07
To KNIT
GETS APPROVAL

Upon the plan of the women OF Ari-
IONA to provide knitted comforts for
the men on the battleship Arizona, the
Arizona republican., 1918-02-07

II. H. Foster, a resident of Tucson
is a guest of the Commercial hote
for a few days
Arizona republican., 1918-02-07

c. J. Spellmire, engaged in the sheep
growing business in WinsloW is in
Phoenix for a few days, a guest Of
the Commercial hotel.
Arizona republican., 1918-02-07

w. H. Hoover. the freight agent for
the \. 7. & S. F-S. +. p. & P. of the
town of Prescott is a, guest of the
jefferson hotel while in Phoenix. Nj
Hoover is a frequent visitor here.
Arizona republican., 1918-02-07
TOO LATE TO CLASSIFY

FOR SALE-Lease on suite OF besi
office rooms in city. Talk fast. T. @
Box 1874 II
WANTED-Plowing by day or. con
tract. Phone T5t.
Arizona republican., 1918-02-07
PERSONAL MENTION

Walter Holland, of Ray, Arizona, is
4 guest of the Hotel Adams during
a brief visit to this city.
Arizona republican., 1918-02-07
FOR SALTWATER PHOENIX
GROW

room. modern. s1l0O. $500 cash
) room. modern house. $3.50. 500
cash. balance $40 per month.
4-room. modern houses. 1850 for
the pair. 800 cash, SIS month. Rent
one and live in one.
room house. close in, $3.50. $3.50
cash, SIS per mo.
acre. small house, 1913.
/ Groom house, chicken wire tight.
s1050. 500 cash. SIS month
Ranch. well improved. so, 80. $50 or
$50 trade or cash, balance with ea.v
terms. --.
NJ II. SHELTON
Arizona republican., 1918-02-07

Mrs. W. Brown and Mrs. A. X.
Brown, representatives from Prescott
are in PhoeniX, visiting for a few DAYS.
They are at the Commercial
T. c. Snider, a Clarkdsle man, is
stopping at the Commercial during a
short stay in this city.
Arizona republican., 1918-02-07

SMALL BUSINESS FOR SALE.
good location for bootblack stand. Rent
cheap. Phone Mrs. $. 1888. +
NICELY FURNISHED front ROOM
outside entrance, with bath adjoining
No sick 324 North 9Th Ave. i
FOR SALE OR .TRADE-First class
dry clea ming and pressing plant. chesT
for cash. Well established business
prominent location. Address P. o. Boz
254. Mesa, AriZ. I,
Arizona republican., 1918-02-07

]. A. r. IRVINE
adv
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01
International Aspects of Deal.

Barring unforeseen changes actual dis
position OF the ships OF the International
Mercantile Marine Company will be set
tied at the forthcoming peace conference
unless President Wilson accomplishes
the task privately while in England
Before this occurs. however. the Marine
company is expected to close a contract
with the United States Government for
the disposition Of the ships. subject T.
the obtaining of Britains consent. The
cash is not to be paid over until tie
company can deliver the ships, but the
Government ~ expected to guarantee the
company against loss should the transfer
In the end not go through The latest
report from Great Britain is that the
british Government would withhold its
order in council so far - he Marine
ships were concerne; II the United
States Government turned over to Brit
ish' Interests the 1000. GO '~ns of vessels
built and being built for the Cl-nar I
company. So far as could Se ascer-
tanned yesterday the entire deal Is in a
state of transition. but II will eventually
be consummate' to the advantage OF all
concerned. II Tould be impossible,
therefore, TO forecast the time when the
ships will be transferred.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01
A Shift in BORROWINGS.

While the weekly statement OF the
Federal Reserve Bank OF New York
showed a decrease of only $4,300.000 in
total borrowings by member banks, the
figures being $914,721,S64. against $919,-
006.sse, there was a large shift in the
character of borrowings. Rediscounts
and advances on commercial paper fell
off S11.000.000. Rediscounts and ad-
vances on United States obligations in
creased S61.40o,00o. Acceptances bought
fell of s5,50o.000. Investments IN United
States bonds, notes and certificates of
Indebtedness decreased $4,000. 900.
Member bank deposits declined s30,500.-
900. United States Government deposits
with the reserve bank gained $4,000
900. There was an expansion in Federal
Reserve notes net OF SI,500,0oo, while
the total issued and outstanding in
creased S5,50O,O00.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01
Financing studebaker.

Studebaker experienced a quick up
ward reaction from the low OF the day,
when President Erskine assured the
public that the company did not in
tend to finance its necessary expan-
sion by means OF new preferred
stock. The common had been consistent
ly sold short by men interested in
the automobile industry as well as pro-
fessional traders who could see where
new issue OF preferred stock would
be OF no benefit to the outstanding
securities. Whence came the news OF
last week that the company would con-
slider a new preferred? II was on that
news that the stock had its decline
When II was at its low point yesterday
it was heard that the directors had
taken under consideration some method
whereby a new preferred stock could
be issued, and the talk was that at the
meeting decision would be reached
as to making the attraction a bonus
OF stock for the common share holders
with the offering OF the preferred for
subscription. The decline in Studebaker
whether II had any bearing on the de-
clsion to finance the affairs otherwise
seemed plainly to some commentators
to exclude the advlsability of issuing
new stock Of any type. President Err,
skine convinced them of that and Stude-
baker recovered something more than
han the two and a half points los;
1t had suffered from tho opening.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01
His Farewell Speech.

Wall street was somewhat less con-
fident yesterday az TO the content OF the
Presidents expected address TO Con-
gTess. Instead OF the expressed assur-
ances of what he would say there came
the spreading belief that something in
the way OF constructive news would be
the feature of the early part Of the week
Buying in the rails has been in part at
tributed to the readiness with which the
speculative community had switched
from a belief that the Administrator
favored public ownership to a faith in
the swift return of the roads to their
private owners. As one leading broker
put 1t. there is a disposition to buy rails
on what the President may say about
their return to private control In his
farewell speech" 1t was pointed out
that the President may indeed outline
| his wishes with regard to the railroads.
but that soon afterward he would leave
| Congress alone for six weeks As to the
actual accomplishment of what he
may outline the financial community was
somewhat at odds, and the point was
made that the community was discuss
ing the return of the roads in the near
future. when less than dozen have their
compensation contract for year oil
Government control actually signed.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01
What Might Have neenf

Atlantic Gulf and West Indies had a
rise OF more than three points yesterday
on the mere memory Of what had been
discussed with regard to what the Ma
rine directors would decide to do with
the surplus funds that would have been
left from the proceeds Of the sale OF
the British tonnage of fame after back
dividends had been paid and bonds re-
tired. As a matter of fact, the plan
as originally proposed and as far as
agreed to. when the Government took
its place in the discussion, called for
some reinvestment of such funds. 1,
was virtually agreed that the reinvest-
ment must be made in ships or the
stock OF some American shipping com
pany. But Atlantic Gulf was not espe-
cially chosen and definitely decided
upon as the company In which invest
ment would be made were tho latter
means adopted.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01
BANKERS OPPOSE
EXCESS PROFIT TAX
Investment Association De.
clares It Should Be Cut
From Revenue Bill.
DEFECTS POINTED OUT
Readjustment of Business
Would Be Retarded by Law,
Statement Ayers.
DEFECTS POINTED OUT

The Investment Bankers Association
OF America went on record yesterday q,
strongly opposed TO the continuance @.
any profit tax beyond the war except a,
TO the war profits actually realized IN
1919, In a statement issued by George
w. Hodges, a governor OF the a.socia.
ton and a member OF the Stock Ex-
change firm OF Remick. Hodges & Co.
and approved by Reed, NIcCook & Hoyt,
counsel for the association.
Mr.. Hodges says that the new revs-
nue. bill as completed according n
Washington reports by the Senate com
mittee contains a continuing exces.
profits tax at the rate of 20 per cent Of
the net income in excess OF per cent. m
invested capital plus 40 per cent Of tie
amount In excess of 20 per cent. Of IN.
vested capital and that this action Is d.
rectly contrary to the Recommendation
of the Secretary Of the Treasury. He
commends II to the prompt and careful
attention Of the public.
The Treasury, Mr.. Hodges recalls re-
commended the continuance OF the 1911
excess profits rates for 1918 and tho
elimination of the tax after the year
1918, with some arrangement for TIE
taxation Of war profts realized in 1917
on contracts entered into for war pur-
poses under war conditions. The state.
ment continues:
THE committee Ia not only perpetual
| ing the principle OF excess profits TAX
but is perpetuatlng 1t at a rate which
cannot but very seriously affect the re-
! adjustment Of business enterprise and
the introduction Of new capital into rsc-
! essary industries.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01
CONSOLIDATED EXCHANGE.

Securities values closed steady in the
market yesterday on the Consolidated
Exchange. While final quotations
showed losses In a majority OF the ac-
tive stocks, they were mostly only frac-
tlonal in extent, Trading was duh and
professional and the market tone narrow
Speculative interest was confined to a
small group OF stocks. Marine preferred
was the strongest Issue on the list. closing
with a point gain at III. A good de-
mand for Baldwin In the final hour more
than recovered earlier losses in tina,
stock. Studebaker was active and closed
with a fractional advance after initial
losses. Steel common was subjected tc
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01

severe pressure in the first hour and had
net decline OF point. Minor steels
were fractionally lower. The copper
stocks were reactionary and Mexican Pc
troleum sold down about points. Read
ing, with a point decline, was the weak
est stock in the rails the majority OF
which closed Arm. Trading in Liberty
Loan bonds was in fair volume. with
prices steady.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01
Government Deposit. Withdrawn.

The clearing house bank statement
yesterday disclosed the fact that the
Government had withdrawn S100.4S7.-
900 OF its deposits with New York banks.
bringing that item down to $231, 500, 900.
the lowest since Oct 10. In order to
provide funds for these Withdrawals the
banks drew on their cash reserves with
the Federal Reserve Bank of New York
to the extent of s44,0&5.0 The de-
pletion Of cash reserve was offset In part
by an sS3,459,000 falling of in demand
deposits, against which reserve Is
figured. Nevertheless surplus reserve
declined from S97.063.9S0 at the begin
ming of the week to S64.1s0.750 at its
close, a loss Of s32.ss3,230. Another
feature OF the clearing house statement
was a contraction in loans OF 1885,
900. In view of the probable expansion
in credit on account OF the relaxation
effective tomorrow In credit for tenn
porary borrowings of brokers in con-
necuon with the distribution Of bonds
and notes. an expansion in loans may
be expected to occur this week.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01
Trading Active in Raris.

PARIS, Nov. 30.-TradIng was active
on the Bourse to-day. Three per cent.
rentes So francs 90 confines for cash.
Exchange on London. 95 francs 9S CEN
times. Five per cent. loan, 81 francs 90
centlmeG
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01
GOSSIP OF WALL STREET.
Specialists Offering. Scarce.

Though the realization that the partial
relaxation OF restrictions on brokers
credit was Of little moment as TO specu-
lation had its part in the irregular
movements Of yesterday. the relative
scarcity ~ specialists offerings in q
market Of specialties was a dominant
factor. Brokers with orders TO buy some
of the specialties found that upon seek
ing an offering Of the stock, even among
active issues. there was very little hush
ness ready and at hand and that the
sole method Of filling orders placed at a
definite price was to wait around until
something drifted in. Though the short
interest was already large the effect of
any intended trading on what is called
the constructive side was in numerous
instances delayed until about the last
half hour Of the session. when the desire
to be free OF troublous commitments
over the weekend served to put a little
action into the market.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01
London Money Market.

LONDON, Nov. 30.-Money. 3 per cent
Discount rates-Short and three months
bills. 3 1882 per cent
Gold premium at Lisbon. so
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01

on CITY, Pa, Nov. 81 'u.' -
arccs. 81. Runs, 1892 barrels t"~
age. 7i,724, shipments, &,'''. NsN
age, 49,93l.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01

OWN AND OFFER, subject to prior
sale, fifty thousand shares eight per cent.
stock. payable monthly. and pays on Feb
tuary LIST, 1919. eight per cent. stock idivi-
1end); net assets of company. nine hun
AIRED thousand. price $3.50 per share. Box
A d. 100, Sun Office.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01
Evils of Tax Provision.

eft cannot be possible that the able
Senators on this comnlttee intend this
provision to be final. Leading ecouo-
mists, including John Stuart Mil, have
always emphasized the fact that taxes
upon business profits should, II ANYTHING
be lower than the tax on so-called Wy
earned income. Any other policy neras-
sarily retards investment in business
enterprise, and, as Mil has pointed out
tends TO bring a country to condition
of business stagnation.
"As a war measure, and particularly
70 appropriate war profits to war needs
this tax has a justification which dis
appears with the condition Of war, Tie
simplest illustration will emphasize the
point. Given two men with equal IN
comes of 100000 each, one derived from
the investment OF inherited wealth n
corporate bonds. the other derived from
active enterprise and accomplishment:
is intolerable to suggest as permanent
tax measure tSat the latter ineom'
should bear a heavy discriminatory taT
not borne by the former Such a tax -
! essentially a tax on the new man. on
incentive and opportunity.
ut is not, of course, unreasonable
10 expect that many men OF large e'-
| tablished wealth and controlling iarEs
industries with liberal capital valua-
lions or normally earning conservative
I incomes would prefer such tax 70
| POSSIBLY higher tax on all incone'
Among other advantages Il keeps down
their possible competitors. The Inter
es, OF the country as whole and par
| ticularly OF all men engaged IN neE
enterprise Is directly to the contrary
Labor, which necessarily depends upon
business activity for high wage stand
| q
| posing such a tax
Objections TO Bill cited.
aside from this Fundamental onts1
| ton to this tax, II has proved iHpoe-
sihle 70 embody it in legislation VIII
out very serious injustices and hard
ships. Its outstanding defects are IN
! Inunity to so-called wate-cd stccK ana
c,onfiscation OF normal profits IN buzz
nesses largely financed On borrower
capital. These objections have not 2sn
removed by the Senate Committee T q
do not exist in the so-called war PROM
plan. which is also best adapted TO
! a post-War accounting OF war p.oii-s
England. Canada and assuned.y ~
other countries are discontinuiug the'
war and excess profits taxes with ms
ending Of the war. There is also every
reason 10 believe that II the exec"
profits tax were eliminated ana tne
war profits tax carried over, the dlf'-
culties OF adjusting the 1915 Excess
! profits rates with the House coi'eees
would be much reduced and the ch7Hess
OF an early enactment Of the Is" sup
staut.aIly improved.
From every aspect OF the situation
and particularly In view Of the Teas
ury = contrary recommendation the &C
ton of the Senate Committee Is FeT
difficult to understand. L should - -
versed The war profits tax should D
carried ove- and the excess 1ro'.,S tAh
eliminated after 1915"
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-01

pending
made al outside