davidaulloa/AmericanStories huggingface dataset:
The sun., 1919-02-12
The Revolving Fund.

The Association Of Railway Execu-
tives, which elected to the standing COM
mittee at its Philadelphia meeting Judge
Robert S. Lovett in place OF e. B. Seger
for the Union Pacific. r. NJ Calkins in
place OF A. J. Earling for the St Paul
and w. II. Finley In place OF f. NJ. Hyzer
for the Chicago and Northwestern. was
told that Congress will probably grant
an increase OF $500. 900, 900 In the ire
volving fund. Walker d. Hines. Direc-
tor-General, asked for S75o,000.0o0. As
the present revolving fund Is exhausted
practically and as pressing demands on
the additional appropria ton total about
S450,o00.000. 1t Is not expected that the
new funds will have more than a more
or leys temporary effect. The obliga-
lions to the roads on account Of con-
tracts have been estimated officially at
1881. 100000 and other adjustments call
for s70.000.o00 The associa ton Is re-
ceiving about s26o.oO0 this week as the
result OF tho sixth assessment. which
amounts to 7 cents on every 1900 of
operating revenue
The sun., 1919-02-12
The Cn ba Cane Bonds.

The only thing In which the directors
are limited In the issuance OF bonds
OF the Cuba Cane Sugar Corporation.
under the resolution passed yesterday
at the special stockholders meeting, Is
the total amount Everything else is
left entirely to the directors discretion
No stipulation appears in the resolution
as TO the time for the proposed issue
nothing Is said about the amount of the
authorized total which shall be issued ;
nor are the terms interest ratio or any
other points connected with the issuance
of the bonds limited In the slightest
The resolution merely provided that a
mortgage be executed on "all and
singular properties and franchises" of
the corporation 10 secure s25, ooo, 900 in
bonds. II is probable that the author
ICED amount will be issued at once
inasmuch as the floating debt which the
bonds will fund Is in excess OF $4,000
900. or nearly 70 per cent. OF the whole
amount authorized.
The sun., 1919-02-12
American Can.

The heavy short interests in American
Can, built up Monday as the result Of
the wide circulation OF a story to the
effect that the report OF Cans earnings
in 1918 would show a tremendous de-
cline and that the depreciation write or
would be increased enormously, received
the surprise OF their lives yesterday
when the report for the year was pub
lished. On the face of the report 1t did
seem as II the year was a mighty bad
one. with earnings OF nearly $l3 a share
in comparison with 1917. War profits
were not included in the 1918 reports as
they were IN that for the preceding year,
40 that the showing was not anywhere
near as bad as was supposed at first.
Besides. there was no increase in the
depreciation item. Seeing that their
gullibility had led them into a dangerous
position the shorts began to cover, but
the position OF Can was such that they
were unable to buy back their stock ex-
cept at a substantial loss to themselves.
Cover they must However, and as a con-
sequence Can sailed easily above As soon
after the report was made public.
The sun., 1919-02-12
Mexican Acceptances.

Following conversation luncheon
yesterday attended by Rafael Nieto,
Mexico's acting Secretary OF Finance.
and a representative of the Equita able
Trust Company. which Is the fiscal agent
Of that country, II was learned that
Mexican banks have on deposit IN the
United States large amounts OF attrac-
tive securities. With these securities
as collateral a business in aoceptances
with wealthy Mexicans and their banks
amounting to several million dollars has
been developed. that method being used
In connection with purchases in the
United States. Mr.. Nleto has no con-
nection with that line OF business. which
Is not governmental. but It's growing
success has led him 20 como TO New
York to gather information with the view
Of reporting to President Carranna on
the prospects OF a loan for the res
toration OF financial confidence and re-
Mobilization IN Mexico city.
The sun., 1919-02-12
Hint of Court Action.

The usual stories OF drastic steps to
be taken TO protect the rights OF the
stockholders were heard at the conclu-
sion OF the Cuba Cane shareholders
meeting yesterday. The more dis
gruntled OF the defeated obstruction
ists' even went so far as to threaten
court action. injunctions and every other
trick known to the law by which the d.
rectors could be restrained from eyecut-
ing the mortgage and issuing the bonds.
In one quarter Il was declared that 4
stockholders protective committee would
be organized Immediately and that an
appeal would be made to the Supreme
Court OF New York state for some action
which would allow the minority stock.
holders TO have a say in the conduct OF
the business
The sun., 1919-02-12

A careful analysis OF the annual report
and balance sheet OF the American Can
Company brought TO Wall Street a reall-
cation that the earnings for the year
just ended were not so bad after all.
While the earnings a share were but
$7b5. against s2l,s4 a year ago. Presi-
dent Wheeler pointed out that war
profits were not included In the state
ment, because Of the uncompleted state
of some of the contracts The balance
sheet showed that the company's work.
ing capital on December 81, 1918, was
more than 100000 in excess of what
1t was on the same date in 1917. In
commenting on that fact one man
pointed out that "this is the secret of the
report. II probably measures the ap-
proximate profit from tho war business
done In tho year. and seems 10 indicate
that earnings for common were around
II per cent. more than the amount re-
ported. exclusive Of Wat businesa"
The sun., 1919-02-12
The Conversion Period.

In addition TO approval of the pro-
posal to grant a wide leeway to Secre-
tary Glass because the proper terms for
tho next loan cannot be determined now
because Of possible changes In the busi-
ness and the financial situation, local
bankers commented favorably upon the
following provisions: extension Of con-
version period for per cent. Liberty
bonds; creation of small sinking fund F.:
liberal authority to grant tax exemp-
lions: continuation OF authority for pur-
chase Of obliga lions Of foreign Govern
ments: extension of War Finance Cor
poration's authority to permit II TO make
loans in aid OF commerce. In fact many
of the suggestions contained In the Sec
retary's letter came originally from To-
cal banking sources Should Congress
In the few remaining days for legisla-
ton grant the requests without cavil. II
Is believed that the actual work in prep
aration for the next loan would be much
eimplhed.
The sun., 1919-02-12
GOSSIP OF WALL STREET.
Plenty OF Rope.

The principal comment In Wall Street
yesterday regarding the letter OF secre-
tary Glass requesting bond legislation by
the present Congress before Its expira-
ton on March 4 had to do with the
great power that would be extended and
the esta Enlistment OF a precedent which
might prove harmful in less able hands
than those of the present Secretary.
The letter disclosed nothing regarding
tho terms of the next bond issue. as
the Secretary will have large discretion
and wide leeway IL Congress responds
fully to the request. The letter sug-
gested the possibility of a large issue of
non-circulating certificates. but bankers
thought that that power was to be kept
In reserve for use In case the Victory
bonds did not go sufficiently we'll to
provide the sums needed. II was
pointed out that banks could subscribe
for the certificates with less dificulty
than that presented by the bonds.
The sun., 1919-02-12
CONSOLIDATED EXCHANGE

Substantial net advances worh q
corded in the leading issues al the s""'
of a fairly active market YESTERDAY -
the Consolidated Exchange Eairr.N
shares continued inactive, but sGJr'
the upward trend OF the indus'r
steel common was FIRM from tnt 'l's1'
and closed with gain OF i. AlG,r...
Can had a net advance of point ~
cunulat ion OF Distillers Secur.reS '"-
vanced that Issue . points and = sim
gain was made by Hide and Iet'u''
preferred. Trading In Liberty Loan
bonds was active with prizes a y
steady.
The sun., 1919-02-12
FINANCIAL NOTES.

Federal Oil Company has brought 90 q -
on It's l2o acre tract 81 BhhnE Fie.a. N.'
has an estimated production Of lH' '''''
daily.
Aiar Rubber Company reporta ~
for 1913 OF Sl.sSi2 0s. after pr"No.rE
profits and income taxes.
Gross earnings OF the Wsylard OF 80
Company for 1918 were 8i63C-l. aga e. -
437 in 1917.
Southeastern Power and IAght Comp.'' .
m AIDE application 10 the MAksschEs~' . -
and Iight Commission for suthori'y ~
crease Its capital stock by ! 100 share
Guaranty Trust Company has ~
booklet on the new war Reveuua Ia" =
sides tho full text OF tho Law tie -
contains a digest In which ~ -
are explained in such n manner -
assist Taxpayers IN making out ''..
turns TO TIE (ioNernmen'-
The sun., 1919-02-12
Did Much War Work.

your compahys munition depart
ment." he continued. was busily en-
ployed last year. and a large quantity
OF supplies were delivered to the United
States Government. owing to the UT
completed state of some contracts oniy,s
portion OF the profits expected have bee
taken into 1918 accounts. Since tho
armistice the major contract with the
Government has been equitably adjusted
by supplementary contract which fully
protects the companys interests and as
sures a fair profit to be realized in 1919
"All liabilities are fully shown, and
doubtful assets charged off In the state
ment submitted herewith. The inventor
has been couservatively taken on the
same plan as last year. Some dcc'nea
in values OF materials have occurred
since the war. and more will probably
follow. until a basis Is reached for
general resumption OF new enterprises,
AS these declines progress, working
capital requirements will lessen and an
easier financial condition ensue,"
The sun., 1919-02-12
To Increase Cable Capital stock

Stockholders OF the Central and Sol'7
American Telegraph Company Nott' yes
terday 10 increase the capital STOCK ~
the company from s14.o0o.o0O 20 s..
100000 The proceeds from the sale ~
the new stock is TO be used TO pr"N'd.
extensions. to acquire rev properly an'
to distribute accumulated earnings 20
stotk holders
The sun., 1919-02-12
Paris Bourse Ira ding

PARIS. Feb. 11.-Trading on the EoI-~
to-day was dull Three per cert ~e1's-
we're quoted at 81 francs - c'r':~e,
exchange on London at - francs o.
centimes and the per cent loan ~ %"
francs 80 centimes.
The sun., 1919-02-12
London Money Market

LONDON. Feb. l1.--Money g.. ?.'
cent. Discount rates short ard :"
months bills l7-S2 per cent. Go.a re-
Inluns at Lisbon. 500,
The sun., 1919-02-12
Exports From New York.

Grass seed. 562 bags hams, si5.si6
lbs. lard, 4,5o1,5G. MS par.i. 436
bbls. beef, 4,096 bills bacons. 2,6G5,-
2S2 lbs. cottonseed oil, 146.4oo lbs.
The sun., 1919-02-12
AMERICAN CAN co.
EARNINGS DECLINE
Expect Better Showing When
Unfinished War Contracts
Are Included.
SURPLUS IS S6,OO0,827
Inventories Are Advanced 10
S35, 484,402 as Material
Value Increases.
SURPLUS IS S6,OOO,827

American Can Company during 1919
earned considerably less than in the pre-
ceding year. according to the annual re-
port made public yesterday. The repor.
did not take into consideration a larea
amount OF uncompleted war contracts
A better rate OF earnings on the stock
Ia expected as a result of a later and
complete statement OF the years opera.
ton including that business. The re-
port shows a surplus. after making all
charges and Federal taxes OF $1,000.
s27. which. after deducting for preferred
dividends. was equal to s7.55 a share or
the common. There was a surplus O,
s11,s92.s59. or s21.s4 a share on the
common for 1917
The net earnings for 1918 totalled
s17.076,335. against s21.9s5,042 In 1911
Federal taxes were increased 100000
to s7.000,oO0. and the balance before
preferred dividends was s6.0o0.S27. The
total disbursement on the preferred stock
for 1918 was s2.SS6.331, against $685.
1856 for the preceding year. when more
than per cent. IN deferred dividends
was paid. leaving a surplus for the com.
mon OF slightly more than 100000
against more than 5000. 0C0 at the clos,
Of 1917. The total profit and loss sur
plus of the company as OF December
81. 1918, was Sl3,ooo,4Vl.
Balance sheet Gains S12,ooo,O0o.
The balance sheet as OF the last dag
OF the year showed total assets and la
bilities of s144S64s51. an Increase O.
nearly s1o.000.000 from those for the
prevlous year. The current assets TO-
tailed s53.2o6.0o0. against sicaso.o0O.
Current liabilities In 1918 were soi.Ses,-
900. against sl8.17e,o00 in 1917. leaving
a net working capital on December 81.
1918. of s2S951 900. which was si.iS0,-
900 higher than the net working capital
at the end OF the preceding year. The
biggest increase in the balance sheet vas
in Inventories, which were advanced
from s24.1s6.4S4 to s35.ts4,402. and rep
resented the big increase In the value
OF material as compared with the snow
ing OF the preceding year.
During the year the company e1'
pended s4,766.374 on new equipment and
construction according to President y
S. Wheeler IN his remarks to the stock
holders. No new construction vas
started since early in the year except In
minor imperative matters. He looked
with optimism upon the prospects for
1919, saying:
Contracts already taken and trade
reasonably assured promiee a volume Of
business for 1919 which should compare
favorabIy with 1918. last year being the
largest in the company's history FOR the
humber Of packages and cans made and
delivered"
The sun., 1919-02-12
BID AND ASKED QUOTATIONS
Mt BONDS.

New York Stock Exchange closing prices of
Government and municipal bonds. Accrued In
terest 10 TO be added 10 these prices:
TINTED sTATFs GOVERNMENT RONDg
The sun., 1919-02-12

FOREIGN BONDS DEALT IN yLAT. ,
Mexico Extern sterling &c of 90. 1854. 81 IS
Mexico Extern gold Is Of ~. 1854. ~ 30
Russian 1894 rente As 1910 ruble den. - o.
The sun., 1919-02-12

TIME BILLS ON LONDON,
Bankers Commercial
% days ......,..., 47iis,90 dsys........... an
" dsys......,.... 4,1Sis go days 472x
The sun., 1919-02-12

(Sales in $1,000 lots.)

Erie gen q
1. .523s
2. rs
Hook Val aus
20
Hud e N mg
s. Series A
7..... 57i2
Interb n I ref
Al 1888
The Yale expositor. (Yale, St. Clair County, Mich.) 1894-current, 1919-01-09
ECHOES FROM PORT HURON
Port Huron Happenings Always
Interest Our Readers

After reading of so many people in
our town who have been cured by
Doan's Kidney Pills, the question nat
urally arises: as this medicine equally
successful in our neighboring towns ~
The generous statement of this Port
Huron resident leaves no room for
doubt on this point.
Mrs. Melvin Hillock, 1884 Glllitte ST.,
Port Huron, Mich, says:-"Three years
ago had slight Attack of lumbago.
When l tried to bend over or straighten
up, sharp pains caught me in the small
OF my back. During this misery with
my back, my kidneys weren't acting as
they should, and was all run down.
had no ambition and was so nervous
| could fly. Reading about the good
Doan's Kidney Pills were doing others.
| used box. l received so much re-
lief that l stuck to them until had
taken about three boxes, which prac-
tically cured me-"
Price COO, at all dealers. Don't sim
ply ask for kidney remedy-get
Doan's Kidney Pills-the same that
Mrs. Hillock recommends. Foster Mil
burn Co., Props, Buffalo, N. Y.
The Yale expositor. (Yale, St. Clair County, Mich.) 1894-current, 1919-01-09
pa.tn..s canne, ;. Cured

py local applications, as they cannot
reach the diseased portion of the ear.
There is only one way to cure deafness
aud that is by constitutional remedies
Deafness Is caused by an inhamed can
dition of the mucous lining of the Eus-
tachian Tube. When this tube is in
famed you have a rumbling sound or
imperfect hearing, and when Il is entire.
~ closed, Deafness is the result, and
unless the inflammation can be taken
out and this tube restored 70 It's normal
condition, hearing will DO destroyed
forever; nine cases out often are caused
by catarrh, which Is nothing but an In.
famed condition Of the mucous sur.
faces.
We will give One Hundred Dollars
for any CAGE Of Deafness (caused by ca
tarrhl that cannot be cured by Halls
Oatarrh Cure. Send for circulars free.
FL. Cheney 8 Co, Toledo, O.
Sold by druggists, 75c.
Take Htlrs Family Pills for consti,
patton.
The Yale expositor. (Yale, St. Clair County, Mich.) 1894-current, 1919-01-09
The Wreck of the Julie Plante.

We publish the following poem by
special request of one Of our subscrib-
ers:-
On wan dark night on Lac San Claire,
De win she blow, blow, blow,
An de crew of de wood scow "Julie
Plante"
Got scarf an run below
For de win she blow lax hurricane
Bimeby she blow some more,
An de scow bus up on Lac San Claire
Ten acre from de shore.
De captinne walk on de froDte deck,
An walk de him deck too
He call de crew from hup de hole
He call de cook also.
De cook he's name was Rosie,
He came from Montreal,
| Was Chambre maid on lumber barge,
On de Grande Lachine Canal.
De win she blow from nor'-eas' ives, =
De sout' win she blow too,
Wen Rosie CRY Mon cher captinne,
Mon cher, wat shall do?"
Den de Captinne t'row de big hankerre,
But still de scow she dreef,
De crew he can't pass on de shore,
Becos' he los hees skeef.
De night was dark LAX wan black cat,
De wave run high an fas',
Wen de captinne TAX de Rosie girl
An tie her to de mas.
Den he also TAX de life preserve,
An jomp off on de LAX,
An say, "Good bye, ma Rosie dear,
l go drown for your SAX"
Mex morning very early
Bout ha'f-pas' two-t'ree-four-
De oaptinne-soow-an' de poor Rosie
Was corpses on de shore,
For de win che blow LAX hurricane
Bimeby she blow soIne more,
An de scow bus on Lac San Claire,
Ten acre from de shore.
| MORAL
Now all good wood soow sailor man
TAX warning from dat storm
An go an marry some nice French girl
An leey on wan beeg farm.
De win can blow LAX hurricane
An s'pose she blow some more,
You can't get drown on Lac San Claire
So long you stay on shore.
The Yale expositor. (Yale, St. Clair County, Mich.) 1894-current, 1919-01-09
HERE AND THERE

Samuel Hockin, of Deckerville, died
last week at the age of 80 years and
months.
Huron county has the record of grow
ing more beans in 1918 than any other
county in the State.
Hunters at st. Clair flats and along
The streams in that part are making
considerable money taking muskrats
and also mink.
Handy Bros. new railroad water tank
At st. Clair swelled its new hoops aud
burst the other night, scattering water
and wood in every direction. The tank
is being rebuilt
A l0-year old Croswell lad appropri-
ated $1,000 belonging to Herb Patton
and skipped to Port Huron. He came
back in day or two and when corner
ed by the marshal confessed his theft.
The Richmond bank Of w. II. Acker
of Richmond, which closed its doors
some years ago, is now ready to close
up the affairs of the bank, liquidation
having been made in full on all claims.
L. g. Huckle, of the Osceola County
Herald, has accepted the business man
agement of the daily psilantl-Press
at Ypsilanti. Mr.. Huckle is also super
intendent of the Colt-Alber Chautau-
quas.
Lexington is without a drug store.
Almost continuously since the found
ing of Lexington village has the Bell
drug store been part of it. Recently
the stock was moved away and another
land mark is wiped out.
Ed. Fink, st. Clair genius In wood
carving, has produced remarkable
piece of wood craft in the shape Of a
miniature farm carved from wood, with
every conceivable thing that would be
seen on farm, buildings, animals, trees
etc.
The Stafford estate has donated 6
acres of land in Port Hope for a coun-
ty park. Huron county supervisors de-
sire three or four public parks on Lake
Huron and besides the land in Port
Hope they have also the gift of 40 acres
on the shore near Caseville.
William j. Wellman, of Buel, Sanilac
county, was instantly killed one day last
week, when he was struck on the head
by piece of timber which he and his
son were saving out for whiffletree.
The timber few with such terrific force
that the man never knew what struck
him.
Inlay City's three Protestant church
es, the Methodist Episcopal, Baptist and
Congregational, have a movement on
foot and well under way for one strong
united working denomination and it is
expected that Presbyterian church
will be established. The Baptists have
had no minister for year, the Congre-
gational pastor has accepted call else
where and the Methodist parson seems
to be strong for the one church idea.
The Yale expositor. (Yale, St. Clair County, Mich.) 1894-current, 1919-01-09
Mechanic Street Church of Christ
Leland l.. Marion, Minister

Harry Beals, Bible School Supt.
ave need church, and city, of
testimony--a great living band of wit
nesses, men who are not afraid to say
that they have seen Gods mercy, &C
cepted Gods salvation, and realized
Gods bounty"
Elder ID. Mccall speaks Lords Day
morning next at 1890. Communion
follows the sermon.
Bible school at ll:30.
At 700 o'clock in the evening the
minister will speak on the subject
"The Wages or Sin" 1t will do you
good to come out and hear this sermon.
All are welcome.
CHURCH OF OHRIsT-FARGo
Bible school at 1000, Arthur Hewett,
Supt.
Preaching and communion at 100.
The subject will be "Church Finances. !"
Every member urged to be present.
Watch for further announcements
about "The Great Home Coming" to
be held the week of the 10Th.
Choir rehearsal Friday evening at
500 O'Clock at the home Of Miss Eta
HeWett.
The Yale expositor. (Yale, St. Clair County, Mich.) 1894-current, 1919-01-09
LOYALTY is THE BIG WORD.
Loyalty Does Great Things-It Makes
Manly Men and Whole-souled Women
Clements Friendships and is
ALWAYS a Builder.


"After ALL" said the man in charge OF
big business, "there isn't anything quite
so precious as genuine eighteen carat
loyalty. 1t counts for more than ener-
Ky and ability, for without it these two
are of comparatively little value"
Loyalty is akin to honesty-to be true
to friend, devoted to a cause or pur-
pose. In liberal sense 1t is the essence
of square deal. 1t is the companion
of Truth and is the little General that
opens the path to true success in life.
Loyalty to country makes citizenship
what it is. 1t dignites the man of peace
full pursuits; mCoilizes armies and mar
shals them on the field of conflict.
1t wins in the desperate charge. Itpre-
walls in the halls of legislation. Loyal
ty flaunts the banner of the victor at
the end.
Loyalty to church and society makes
organization real and worth while, for
without it friendship is empty and
meaningless. 1t gives effectiveness to
team work and 80 helps to accomplish
the goal sought. 1t is, in short, the mo-
tive power which carries on till the
hour of accomplishment. Loyalty to
home makes for happiness and right
living. 1t gladdens childhood and glor
ifies mature years. 1t cheers and warns
the atmosphere of the home life and
brightens the family circle.
And just as vital is loyalty in the
business place. There il stands square
ly behind the successful employee. 1t
helps make his services dependable and
his job secure. 1t conveys faith to his
employer, reliance at all times. The
person who works faithfully for the con-
Germ that pays him, even fights for it,
if necessary, is never a laxer, never
strikes nor stirs up trouble, and is new
o. out of good job. He is not for a
single minute out of tune with the
source that provides the contents of the
pay envelope.
Loyalty, my son, is jewel that should
sparkle on every breast. 1t is most
valuable possession always, and he who
is right at heart, has it abundantly.
The Yale expositor. (Yale, St. Clair County, Mich.) 1894-current, 1919-01-09
Elston's Real Estate Bargains

SO-acre farm, under cultivation, five
miles from Yale; good buildings and
fences in good condition. Good or
chard.
S0acre farm, acres good timber,
all new buildings, IL miles from Rose
burg.
160-acre farm, mile from Peck
good buildings, lao acres tillable, bal
ance pasture land.
8-room house, small arm, large lot,
in city of Yale. Bath and toilet.
The above property Is all for sale
and on easy terms.
GEO. W.ELSTON
Real Estate and Insurance