davidaulloa/AmericanStories huggingface dataset:
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1918-02-02
1@1@zSlN
THE CHUC M his Ia And ERLANOs,
80 y Is 15e~9

recruits, as well as letters from young
men themselves, indicate that the
efforts to safeguard and protect the
morals Of the country's soldiers are
meeting with success. Commencing
the movement, the Messenger of the
Sacred Heart observes that self
restraint and self-conquest strength
ened by daily prayer, will do more for
purity of life than any recreational
activities, valuable as they are. Let
our Catholic soldiers have on their
lips a fervent prayer to the pure
Mother of God, let them daily join in
the beads said by their dear ones at
home, and Mary, the Mother of pure
love, will watch over them and keep
them safe. They will thus win big.
ger victory than any ever won on the
bIoodiest battlefield. Let our soldier
boys pray and they will be pure" Here
again is the early training peculiar to
the model Catholic home, bound to
assert itself. For the young men who
have been blessed with the careful
rearing of God-fearing Catholic par
ents, we need have least concern.
X. C. Work in France.-The gigantic
task of organization of the Knights OF
Columbus recreation work among the
troops in France is almost entirely
in the hands of a woman, Mrs. Walter
N. Herman of New York. Her hus
band originally was appointed for the
task, but he is now in the United
States to raise funds. Mrs. Herman
is working in cooperation with the
Y. M. C. A. in erecting recreation
huts. Six huts, where there are
various entertainments, books anC
games, already have been launched
Mrs. Herman visits all of the Ameri
can camps and supplies the chaplain:
with the necessary articles. The worl
being done by the Knights of Colum
bus, she says, is real necessity, be
cause the burden is too great for thu
1 M. c. A. Mrs. Herman herself il
mot a Catholic.
Five Brothers at Nassau unusua
sight was presented at the Church o
ST. Francis de Sales, Geneva, N. Y
on New Years Day, when the cele
brant of the Solemn High Mass, tn
| Rev. William d. Muckle, was assiste,
by his four brothers, three of whom
are priests, while the other is
seminarian Father Muckle was OF
dained in Toronto, Ont, on Decembe
81. He officiated at his first Mass o.
December 80 at Stanley, n. Y. TIL
brothers, who were officers at tn
Mass, in addition to the celebran
were the Revs. John F. Muckle, Phi. B
who was assistant priest, and Charlie
F. Muckle and Joseph T. Muckle, VIII
were deacon and subdeacon respet
lively, and Mr. Andrew G. .Mucklt
who was censor bearer. Attending tn
ceremony were the parents of tn
four priests, Mr.. and Mrs. Thoma
Muckle, of Stanley, N. Y; Sister n
Charles of Elmira,, N. Y, their siste
and Sister Catherine Charlotte, {
Wayland, N. Y, a cousin, both {
whom are members of the Sisters {
st. Joseph.
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1918-02-02

The thoughts of thorough and self
sacrificing kindness are far more often
dressed in uncouth words than in the
polished utterances of the town. Heav-
en- has not made warm and honest
hearts distinguishable by the quality
of their covering.
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1918-02-02

To be truly happy is a question Of
how we begin and not OF how we end
of what we want and not of what we
have. Robert Louis Stevenson.
The sun., 1918-08-20
HIDE ANDLEATHER
r.. ISSUES FIGURES
Shows Volume Increase Of 22
Per Cent. Over the
Previous Year.

American Hide and Leather Com
pany's earnings In the fiscal year ended
June 80 last were S2.ss5,61s, showing
20 per cent. increase In the volume Of
business over the preceding year, ac-
cording to It's annual financial statement
made public yesterday. This was equal
to $1S.35 a share on the company's $751;
900, 900 preferred stock and compares
with $1,762.75o. equivalent TO S1S5S a
share, earned in the twelve months Of
1917. The company's profits before
charges aggregated sS.74s,4l0. 49,. 49,. =.
During the year. the President pointed
out in his remarks to stockholders. the
company's bonds were reduced by $751;
600 and there remained in the public's
hands only $3.156,oe0 on June 80. THE
bonds In the treasury in anticipation OF
immediate sinking fund requirements on
June so. 1917" the report states
amounted I'd s125,000: during the year.
$2s4.000, making O total Of S4is,000,
which were sold to the trustee. OF this
total $4,000 consists of the regular ap-
preparation under, the mortgage and
$4,000 are bonds purchased cut Of &C.
cretions to the sinking fund.-
Total current assets at tn end OF
the fiscal year amounted TO $17.7sl. oss
and current liabilities to S3,62S,45s. leav-
ing net current assets Of 314,157,574, an
increase during the year Of s1,7ss,525.
The net current assets on June 80 ex-
ceeded the total par value OF the bonds
outstanding by $11.00l.57+, leaving in
addition the entire plant and good win
standing against the capital stock Of the
American Hide and Leather Company.
The annual meeting Of the company
Is scheduled for some time early in
September. when II is expected some
changes will occur in the board Of di-
rectors.
The sun., 1918-08-20
HIGHER PRICES
MELTED ON CURB
Greater Interest in Outside
Issues Results in I'M
proved Tone.

More interest was shown in the curb
trading yesterday. and as a result prices
moved forward easily late in the SEES
sion. The early trading was rather
quiet. with prices holding gains made at
the opening. There were q few stocks
which stood out prominently during the
course of the days trading. Houston
Oil was among these, advancing two
points on the announcement that well
No. had been brought in on the Lib
er;y county property and was running
at the rate of about 5000 barrels a day.
The other independent oil stocks
showed more life and moved higl er also.
Stanton OIL was among these with con-
tinueu inside accumulation In evidence
Southwest Oil moved TO a new high on
the report that the company will con.
struct a small building in which 10 re.
fine its oil. and II this proves successful
will enlarge the plant. Pierce Oil showed
strength for the first time In more Il an
week. gaining about hanf a point.
Buying was attributed to the announce.
ment that the company had made appll-
cation TO list the shares on the Stock
Exchange
The war and motor stocks were dull
during the greater part of the day. but
toward the close a good demand APP
peared for the latter and they moved
substantially forward. Tie specialties
were less active than usual and lost part
OF the recent advances.
Mining stocks were quite active and
Arm. United Verde Extension was
strong in the early trading. but subse-
ouently reacted. The company in July
produced 100000 pounds OF copper and
10 now sending its mine products to its
own smelling plant at Verde Instead Of
to the custom smelter. Fortuna Con-
solidated was firm.
The bond market was active and con-
tinued buying by small investors ad-
vanced prices. to new high levels in some
instances. Federal Farm Loan 5s and
Bethlehem steel Is, 1919, both touched
record high prices. Russian Government
sIss were the main feature in tie last
few minutes Of trading, selling about
four points higher.
Total sales and range of prices fol-
low,
The sun., 1918-08-20
TO PROTECT B0NDH0LDERs.
Investment Bankers Association
VIII Take such Action.

The possibility that there might be
some controversy regarding payment at
maturity Of the s50,000,000 OF Russian
Government bonds which have been
placed with investors in the United
States was one OF the reasons why the
Investment Bankers Association formed
a committee TO advance and protect the
interests of American holders Of foreign
securities. A member OF the COMMITTEES
stated yesterday that 1t will have
largely to do with the foreign Govern
ment loan issues sold in the United
States and which aggregate more than
$4,000, 900. 900. There are also many
millions OF Russian Government rublo
bonds held in the United States.
Russian bonds were strong yesterday
and In active demand at higher prices
owing to the favorable news being re-
ceived from the new republic. The rubie
8 per cent bonds which represent an
internal loan rose to 1927 per 1000
ruble bond. This compares with an
opening price of $i12 and a low figure
of II established a few months ago. The
5h per cent. bonds, Of which $4,000. 900
were sold in the United States, rose one
point TO 81, while the 6hs, OF which n
like amount were sold to American in
vestors, rose two points to SO. The lat
ter, bonds a short time ago sold as low
as 80.
Herbert Fleishhacker OF the Angle
and London Parts National Bank of
San Francisco had been added to the
foreign securities committee.
The sun., 1918-08-20
COTTON SELLS AT
NEW HIGH LEVELS
Buoyant Opening Gives. Way
to Slight Net Losses
on Realizing.

The opposing influence Of continued
crop complaints and an easier technical
position were reflected by very violent
fluctuations in the cotton market yes
terday. Prices made new high records
during the early trading on the failure
OF weather advices to hold out any hope
OF immediate relief in the western belt
drought. There seemed to be trade buy
ing as we'll as further covering. and a
big demand from houses with Liverpool
connections, but after selling up to
33.loc. for October contracts. or 80
points net higher and approximately Sh
cents per pound above the low level OF
August !. the market weakened. For a
time there was practically no support.
and October broke TO 31.S0c.. but prices
rallied later and the close was nrin at
s2.4oc. for that delivery. with the gem
eral list only 3 to 20 points net lower.
The opening was rather irregular. No
vember being 50 points higher. while
other months were points lower to S
points higher Realizing sales we're
buying for Liverpool account, while
there was also buying supposed to be
for Southern mills. Active months sold
about 80 to IS points above Saturdays
closing dgureA with December touching
22.70c. and January 32.60c.. The more
urgent demand appeared to have been
supplied at this level, and there were
moderate reactions under realizing.
which became more active and general
when the publication OF bullish detailed
weather reports for Texas and Oklahoma
failed to bring in fresh buying. Stop
orders were uncovered on the break to
31.l6o for December and 31.10c. for
January. OF $50 to 1855 points from the
high level OF the morning and IS TO 81
points net lower. After their execu-
ton the market steadied on covering
with last prices showing rallies OF IS 10
40 points ON renewed buying by houses
with Liverpool connections. ri1ao
There was no change in character OF
crop news during the day. Reports
from the Eastern belt do not Indicate
a fully sustained condition as compares
With the prospects OF month ago. hu,
they are fairly favorable. and all ac-
counts still point to full early move
pent. Western bolt adviccs indicated
continued deterioration. which must be
growing more serious with each day
OF continued drolth. and the tempera
lures shown by to-days details were
excessive. There was nothing In the
trading to Indicate that the 80 cent
level for October was bringing in more
hedge selling than had been In evi.
dence around 30 or 81 cents, and South.
western advices have reported n goot
demand for the early movement. Elk.
ports for the day were 1880 bales
making l5S.3l2 so far this season
against 1880 last year. Southern spo'
markets as officially reported were un
changed 10 100 points higher.
Range of prices. S.;,r
The sun., 1918-08-20
FINANCIAL NOTES.

III. New York Stock Exchange has re-
IA stock Of the Pierce oil Corporation
m. havsrhIi Electric Corporation has
'rEssias .ss al sspitsi' . S.s.sao.
Gated with lae stoca Bxohs nss arm Of
Iooey Kirk. will make his headquarters
"ish Barbour q Co
July amounted 70 s.ls7,ofS pounds, com.
Sta With ',tss.52i in June; The DE-
Sav. ~ -. w' .s, due 70 labor troubles which
.s Ihs Tssonsi Bank Of Commerce has
s srC, BENJAMIN N. Anderson, Jr.. a
'.1a' to Its service staff
MAJ s Central Railway Company and St..
Lac faction Company, subsidiary Of the
''Iwsrd to sSSplu. ,ssse.ssA balance carried
yea, soma Steel Corporations report ror
i Ti, Of !t.ooi 80: ana balance carried for
-, Sotssorpe p. Calling, vice. president Of
hss ,i.m and Phenix National Bank.
va, alton mn "s'A a'e' "o"'n
M Morgan a co. have offered and sold
ary 49, wskly amount OF British treas
count basis to be delivered to-day.
paHeH c Blair has been elected treas-
ma ann ID: Biggers assistant general
Conncsr OF the Owens Bottle Machine
s,, tins !t,res;ons Tire and Rubber Company
'ns.d o:sos.ss Il ia az ,,:Sst.seco h'esl year
nan united Verde Extension Mining Com
49,. reports a production Of si0o. 900
posngss o' copper In July. against 5000, 900
No. T9nopah Belmont Company reports
fsi ,b,ohH for July OF y5s6s4, sEaInst
"rssl for tn. previous month. '
u, w., ~ "ntaha State Council tns taken
ptonmy Nd ne Anaconda Copper Company a
army IN 70 manufacture rear aXles for
ai,h the steel '''''p'"' "'h TUT
W. risk Insurance rates on Atlantic,
h.y, tn..e, ana South American shippin 8
The sun., 1918-08-20
WARNING ISSUED
INTERPRETATIONS
Commissioner Roper Makes It
Clear That Attempts to
Eyade Taxes Will Fail.
1yEorITIES ADMITTED
Reorganizations Planned on
Lines Of Dodging to \
Prove Abortive.
s,,c,o, D,spatch TO TEE suS.

SptTdf DtSputcN ~ Inn ou"
w.surSoroN, Aug. 1s.-warning to
,o,rora,ions that they should not in
,,.,ss their capital stock in An effort TO
,.aucs their taxes under the excess
,roa,s provisions Of the present law was
I..u.d by Commissioner OF Internal
psv,nue Roper to-day. Expense OF re-
orsaniration to escape taxes. he said.
,,o,ns he money wasted. D.
The Commissioner confessed to some
,,.or,,ties in the present law between
various classes Of business, but stated
mat these inequities would DO fully
Guarded against in the bill now before
Congress, The Commissioner said:
81 has come to the attention OF the
hu-eau OF internal revenue that cor
noratlons in different parts of the coun-
-, are being advised to increase their
canital stock to cover surplus and un-
divided profits. Corporations which act
an advice of this kind In the belief
,sat they can thus place themselves
in more favorable position with re-
snect TO the excess profits tax will incur
needless expense without securing any
advantage whatever In the matter OF
taxation.
1T ehOulQ DO DoEu0 Al thhe tho
,yesent excess profits tax is based upon
The returns from capital actually in
ye,tsd In the business. In the determine
zion OF which surplus and undivided
profits are included. An increase In,
eap,tal stock to cover these items does
no, result in an increased invested capi-
tal and therefore will not change the
status of the corporation with respect to
IN, excess profits tax. 1t is also pointed
out that an increase in tho amount OF
capital stock outstanding to cover such
items as good will. value Of patents.
trademarks. copyrights, &c. not. pre-
y!ously capitalized must, under the law,
be excluded in determining the invested
capital OF a corporation under the excess
profits tax law.
Corporations should not undertake
any reorganization nor increase their
capital stock TO cover items already in
Guided in their assets without first as
surfing themselves that thsy thoroughly
understand the law and regulations per-
tanning TO income and excess profits
taxee No special advantage with re-
spect 10 taxation should accrue to any
business because Of its form Of organiza-
ton. whether individual, partnership or
corporate. 1t 10 believed that any in
equities Of this character that may
have resulted from the operation Of the
present law will be fully guarded against
IN the revenue measure now before Con-
gress"
The sun., 1918-08-20
TO THE HOLDERS OF
FIRST MORTGAGE BONDS OF THE
UTAH FUEL COMPANY



NOTICE is HEREBY GIVEN. as pro-
vided in Article L. OF the Mortgage Of the
Utah Fuel Company and Pleasant Valley
Coal Company. dated March 1, 1901, that
written proposals will be received by the
undersigned at Its once. 140 Broadway.
New York. until 10 o'clock, A. NJ, Monday
August Goth. 1918. for the sale to II ss
Trustee, at the lowest price at which such
bonds shall be offered. not exeesdins HOS
and accrued interest to that date, OF
SUFFICIENT Of the above bonds to exhaust
the sum OF eighteen thousand four hun z
cents ttis..lt79. The Trustee reserves
in whole or in part All proposals mus!
designate tho bonds offered by their serial
numbers end should state the Post once
address of the party making tho proposals.
should be enclosed in sealed envelopes, ana
endorsed Proposals for sale of Utah Fuel.
Company Bonds to Sinking Fund" and ad-.
dressed TO tho TRUST DEPARTMENT.
Persons desiring to make offers Of bonds
TO sinking Fund. whose responsibility In
not known to the Trustee, should accom-
pany their offer by a SUFFICIENT letter Of In
troduction or guarantee of good faith by a
bank, banker or Others whose responsible
ity Is established.
GUARANTY TRUST COMPANY
OF NEW YORK. =
BY CHARLES II. SAdIN, President. "
Dated, August 5, 1913.
The sun., 1918-08-20
DISSOLUTION PLANNED.
Barrett Co. Stock holders VIII De.
eide Fate of subsidfa rSes.

Dissolution OF the subsidiary COM
panies OF the Barrett Company ana the
consolidating of the corporations bust
ness under the title Of the Barrett Com
pany OF New Jersey will be taken Up
at q special meeting Of the stockholders
Of the company. to be held upon q date
to be determined later. in accordance
with a decision arrived at by the board
OF directors at its regular quarterly
meeting yesterday. At the meeting the
directors decided that the plan which
has been under consideration for some
time has now, reached the point where
It, should be presented to the stock
holders for authorization. II the share.
owners adopt THE resolution which Will
be placed before them the subsidiary
companies of the Barrett Company will
DO dissolved. and the entire business
consolidated uhdet the new corpora
ton. -
The regular quarterly dividend Of Z.
per cent. was declared by the directors
This dividend is payables on both the
common and preferred stocks. the for
mer on October l. to stock Of record
September 10, and the latter on October
Is. TO stock Of record September 26.
The sun., 1918-08-20
BOSTON PROTEST TAKEN UP.
Clearing House Committee Makes
No Comment on Result:

The Clearing House Committee OF the
New York Clearing House Association
yesterday held a protracted session. at
which consideration was given the pro-
test by the Boston Clearin, House AS
ISOLATION against the recent ruling by
the New York association under which
a charge of one-tenth OF one per cent.
10 made for clearing out Of town ao-
ceptanoes.
Except 10 say that the resolutions OF
protest passed by the Boston Clearing
House had received consideration mem
bers of the committee would not discuss
the subject.
The Boston bankers passed resolutions
late last week declaring that the charge
was excessive and that II amounted to
interest for six days at tho rate of s
per cent The Boston association also
declared that the charge was unneces-
sary:
The sun., 1918-08-20
aEABOARD CLEARANCES.
LONDON MARKET.

Stock Exchange developed frmness to-
day. Activity was confined to British
railway stocks, notably those of the nom
dividend paying division, In view OF
monetary conditions funds were firmly
held. Russian securities were neglected
pending developments.
Hondurah bonds took a fresh stride
forward. but speculative Brasilian rail-
way issues experienced another relapse.
Oil stocks showed renewed strength. Oc-
casidnai profit taking lent irreeularity
to mining stock quotations. Money was
quiet.
Money Q per cent. Discount rates
short and three month bills. 3l7-32 per
cent.
The sun., 1918-08-20
NATIONAL CONDUIT SALES.
Fer Second Quarter of Current
Year Have Doublea.

During the second quarter OF 1918
the National Conduit and Cable Com
pany was able to nearly double It's net
sales of the first quarter. "a because
Of the similar increase in nanufaotur-
Ing cost. the net profit from these sales
while somewhat larger. ala not. show
the big advance which might have been
anticipated. .t.,,,.
Net sales for the quarter ended June
40 were t4,142.S38. as against 1s2.4Sb.-
$40. but the manufacturing. cost, which,
in the first quarter was. only, 1891 ASS.
advanced in the June period-to el.0slJ j.
lo5, making the net profit Oh tfe' quar-
ters operations $51.733. as compared
with a deficit Of 3126.ssa, recorded at
the end OF March. -,
The report for the six months ended
June so. 1918. shows net sales OF Sc
62s,SS4. with q manufacturing cost
Of s6.7os.7so. leaving q deficit from
operations of S75.10S. Other income
amounted to s47.063. and taxes and in
terest. &c. to $a66.425. making a finsl
deficit at the end Of June OF ys94,48S.
The sun., 1918-08-20
PENNSYLVANIA co. GUARANTEED So
PER CENT. TRUST CERTIFICATES,

Pursuant to terms OF agreement dated
September !. 1897. tho urdo rsigned invites
tenders ~ above c"r'hcates for sale and
delivery as OF September 1. 1918, at price
not exceeding par and interts to the eE-
tent Of $50 900, the sum now payable TO
sinking Fund.
sealed tenders. stating specific numbers Of
certificates offered. addressed to GIRARp
TRUST COMPANY. Trustee. sinking Fund
PNnnsvlvania Company Guaranteed pa per
cent; Trust Certificates, Series A." Will 10
received until IL M, August 81, 1913. Ac-
Cepted certificates must r" Delivered not
later than September S, 1918. or sccIrity
furnished that day, II required. that de-
livery VIII be made within ten days.
GIRARD TRUST COMPANY. Trustee
GEORGE II. STUART I'D Treasurer.
Philadclphis. Pa. August -. 1918.
The sun., 1918-08-20
STAMP TAI RULING ISSUED.
Collector Edwards Takes Action
Because OF Errors.

For the Information OF corporations
and dealers in securities William H. Ed
rards. Internal Revenue Collector for
the Second. or Wall Street, district, has
issued a comprehensive Interpretation OF
the stamp taxes as they apply to certif1-
Gates and transfers Of stock contained in
communication from Daniel C. Roper,
Commissioner OF Internal Revenue.
This has been issued owing to
the many mistakes that are made daily
IN connection with the payment OF stamp
taxes on the sale, transfer and issuance
Of securities
The sun., 1918-08-20
REPUBLICA ARGENTINA

OBRAS sANITARIAS DE LA NACION.
Construction de una fabrica de aeido
sulfurico.
Liamase a licitacion para la construc-
ci6n de una f6brica de acido sulfurico de
acuerdo con ell pliego de condolences que
los interesados podran Consular en- 81
Cor sula do General de la Republica Argen-
tina en- la ciudad de Nueva York, II Bat--
terry Place Room 227. todos los dias hkbiles
de 10 a y. m. 81.
Las propuestss deberan presenterse en- 10
Secretara del Directorlo de las Obras Sani-
tarias de la Sacion. en- la ciudad de
Buenos Aires, Capital de la Repub!ica Ar
gentinH. entos de las u p. m. del dia
de Noviembre proximo. fecha bora en-
que seran abiertas. en- presencia de los
tnteresados que concurran al acto
L. CELASCo. Prosecretario.
Buenos Airea. 4 de Imnio de- lalS.
The sun., 1918-08-20
ARGENTINE REPUBLIC.
CITY OF HUENOS AIRES.
WORKS OF THE NATION,

Plant Tor WanufacturinR SuIphuTfc Acid.
Offers are Invited for the construction
OF plant for inanufa curing sulphuric
acid. in accordance with the conditions
which may be consulted by interested
parties. in the Consulate General of the
Argentine Republic In the City of New
York, II Battery Place, Room 227, on
working days from 10 Till 4.
Oners must be presented In the once
Of the Secretary OF the Council OF Public
Works Of the NATION, in :hc City OF
Buenos Aires. before $40 p. NJ, on the
sth day OF November nsy'. on which day
and hour they will be opened In the pres
enoe OF tho Interested parties who may
Wish to attend on that occasion.
/. CELASCO, Pro Secretary.
IS Buenoa Airrs. 4th June. 1918