davidaulloa/AmericanStories huggingface dataset:
New Britain herald., 1919-04-14
Past Issues Not Convertible No Specific Provisions to Maintain Market on Old Bonds.
LOAN IS SMALLER
 THAN WAS EXPECTED

Washington, April 14.--Terms of the Victory Liberty loan were an- nounced yesterday by Sec Glass. They are: Amount, $4,500, 0,o00,000, over subscriptions to be rejected. Interest 3-4 per cent for partially tax exempt notes convertible into 3-4 per cent notes wholly tax exempt. Maturity, four years with the treasury reserv ing the privilege of redeeming the notes in three years.
 The 3-4 per cent notes, to be is sued later, also may be converted subsequently back into 4 3-4 per cent notes. The f 3-4 per cent securities are to be exempt from state and local taxation, excepting estate and inheri- tance taxes and from normal rates of federal income taxes. The 3 3-4 per cent securities are exempt from all federal, state and local taxes except estate and inheritance taxes.
 Past Issues Not Convertible. None of the past issues of Liberty bonds are convertible into Victory loan notes and there are no specific provisions in the terms of the Victory issue serving directly to maintain market prices of past issues. The size of the loan was much smaller than IaQ DCSn dnllclpdlSO by ulOSL AIuath- cial observers, who looked for an is- sue of about S6,000, 0,000,00O, particu- larly in view of Secretary Glass past statements that the loan would be five or six billions.
 This will be the last Liberty loan, Secretary Glass explained, although there will be other issues of govern ment securities to finance belated war expenses. These will not be floated by popular campaigns. In many com munities the selling campaign already has begun actively, without formal acceptance of subscriptions, said re- ports to the treasury, although the official date is the 2lst, one week from tomorrow. The drive will con- tinue three weeks, until May 10.
 ''In fixing the terms of the issue said Secretary Glass announcement
New Britain herald., 1919-04-14

has been guided largely by the de- sire to devise a security which will not only prove attractive to the people of the country in the first instance,
 but the terms of which should insure a good market for the notes after the campaign Is over and should not affect inJur1ously the market for the existing ponds of the Liberty loans.
 Will Be Last Liberty Loan.
 This will be the last Liberty loan. Although as the remaining war bills are presented further borrowing must be done, l anticipate that the re- qulrements Of the government, in eN- cess of the amount of taxes and oth- CT income can, in view of the de- of the Victory loan. ''the treasury creasing scale of expenditures, be readily financed by the issue of treas ury certificates from time to time as heretofore which may be ultimately refunded by the issue of notes or bonds without the aid of another great popular campaign such as haS characterized the Liberty loans.
 T am sure that the people oi America will subscribe to this victory loan in the same spirit of patrlotlsm which they have shown in the past 10 the end that the notes may De aS widely distributed as posSlble, ana that our banking institutions may De left free to supply the credit neces- sary for the purpose of industry and commerce and the full employment of labor. Let the world see that the patriots of America, out of their boundless resources and with the same enthusiasm and devotion to oI1 (1ny the war to a victorious conclusion are determined to finish the job.'
 Official Terms of Loan.
 Terms of the loan were explained as follows:
 "The Victory Liberty loan, which will be offered for popular subscrip- { ton on April Fl, will take the form l of 3-4 per cent three-four year convertible gold notes of the United States exempt from state and local l taxes except estate and inheritance taxes, and from normal federal in- come taxes. The notes will be con- vertible at the option of the holder throughout their life into 3-4 per cent three-four year convertible gold notes of the United States, exempt from all federal, state and local taxes In like manner the 8 3-4 per cent notes will be convertible into the 3-4 per cent notes.
 "The amount of the issue will be s4,5O0, 0,00O,O00, which, with the de- ferred instalments of income and profits taxes payable in respect to last years income and profits during the period covered by the maturity dates of treasury certificates of indebted ness now outstanding, will fully pro- vide for the retirement of such cer- tificates. The issue will be limited to s4,500, 100000. except as it may be necessary to increase or decrease the
New Britain herald., 1919-04-14

amount to facilitate allotment. Over
 ! subscriptions will be rejected and all l lotmentS made on graduated ale 1 similar in it's general plan to that adopted in connection with the first
 Liberty loan. Allotment will be made 1 in full on subscriptions up to and 1n- cIudlng S10,000.
 The notes of both series will be dated and bear interest from May 20, 1919, and will mature on May 20, 1923. Interest will be payable on De- cember IS, 1919, and thereafter semi annually on June l5 and December 15, and at maturity. All or any of the notes may be redeemed before matur- l ity at the option of the United States on June 5 or December 1J. 1922 at par and accrued interest,"
 Five Per Cent Regarded As Excessive The interest rate of 3-4 per cent. is the highest borne by any of the war issues. Financial interests have urged 8 Der cent. rate, but Secretary Glass indicated recently that he re- gardeN such a rate as excessive, and speculation as to the rate recently has revolved about 1-2 per cent. The , 3-4 per cent. rate of the tax exempt notes, into which the f 3-4's are con- vertible, is & quarter per cent. higher than the taX-axempt first Liberty bonds, which mature in 30 years. Secretary Glass has announced re- peatedly that the terms of the Victory lean would be such that it might be- regarded more on a commercial basis than past issues In all his speeches, however he has emphasized that the patriotism of the American people must be relied on to make the loan a complete success.
 The coming loan Is the only loan since the first on which oversubscrip z tions have not been accepted In whole or In part. Compared with the $h,- 993,O73,000 subscriptions of the fourth loan, the aggregate of the Vic tory issue will be nearly s2,500,000,- 900 less.
 Already s5,356, 100000 certificates of indebtedness have been issued, tn- cluding the current issue, in anticipa- tion of the Victory Liberty loan, but $500, 0,000.000 of these have been called In for imnl led'ate redemption. There will remain outstanding $200,00O,000 | more certificates than proceeds of the Victory loan, to be met by tax re- ceipts from proceeds from further is- sues of certificates. For some time
 1 the treasury had contemplated terms
 1 for the Victory loan which would have 8, direct influence In keeping up the
 ! market price of past issues, but ap-- parently these plans were abandoned. l Comparison With Previous Issues. 1 Terms of the Victory issue may be compared with the following terms 1 of past issues:
 First loan, s2,0Oo,O 100000, 1-2 per cent. tav exempt, maturity 80 years. Second loan, s3,0OO, O,0O0,0oo offered, s4,6l7, 100000 subscribed; s3,sos,- 00o,0oo accepted, per cent. partial l ly tax exempt, maturity 25 years. l Third loan, s3,o0o,ooo,o0o offered. l s4,17s, 100000 subscribed and accept ed, IA per cent, partially tax ex- eEnpt, maturity, 10 years.
 Fourth loan, s6,000,0 100000 offered 1 se,993, 000,0oo subscribed and accept l ed, 1-4 per cent, partially tax ex-
 empt, with special conditional eNemp-
 tions for past issues, maturity 20 1 years.
 1 War savings stamps bear the equiv
 alent of per cent. interest, and ma.
 ture in five years.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
he WAS F[OORED
BY PICK HANDLE

Too much pick handle imbfbed by
Peter Olsen caused him to cash In
five dollars to the city treasury this
morning. Olsen was arrested by To-
cal patrolmen last night and this
morning admitted to the mayor that
he was drunk, but that he had gotten
drunk on whiskey given him by some
one unknown to him. The officer who
made the arrest, however, testified
to the fact that the man had certainly
been drinking pick handle. Olsen ad.
mitted that when he drank it he excel.
ed over so to speak, which was pref
ty strong evidence that the officer
knew whereof he spoke.
Andy Clayton arrested for begging
on the street yesterday pleaded not
guilty but evidence produced led to
the conclusion that he was guilty and
he was fined five dollars. The man
was alleged to be selling piece Of
self composed poetry on the streets
and from the Chicken feed" with
which he paid his fine he must have
been guilty.
Robert Brown, colored, was fined
ten dollars for drunken and disorder.
ly conduct in the B. and o. yards yes
terday. Witnesses testified to the fact
that he had to be forcibly taken off an
engine on which he had no right to
ride and that he drew a pen knife on
Yardmaster j. s. Bartholow.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
NO CHANGE IN BIO
BELT LINE SHIFTING

Economic reasons were assigned for
the change from day to night shifting
on the Belt line OF the Baltimore and
Ohio railroad yesterday afternoon
when j. M. Scott, Wheeling, general
superintendent discussed the matter
with manufacturers along the line at
the rooms of the Fairmont Chamber
Of Commerce. Mr.. SCOTS explanation
was the first that the manufacturers
had from that angle and in fact the
first that the B. & o. had yentured.
Mr.. Scott told the manufacturers
that by night shifting an economic
expert who went all over the system
has figured out that eight hours work
can be saved in reckoning both the
crew and the use of the locomotive.
The Fairmont manufacturers decided
temporarily let matters 90 as they
now exist and made no further efforts
for the day shifting. Mr.. Scott prom
ised the Fairmonters that when con-
ditions were such that the matter
could be death with that the matter
would be considered.
Representatives were present from
the Moncngah Glass Company, The
Fairmont Mining Machinery Company,
The Fairmont Grain and Milling Com
pany, the Lyman producer plant and
Helmick's foundry.
The railroad men present were: ].
NJ. Scott. Wheeling general superin-
tendent; C. w. Van Horn OF Grafton,
superintendent OF the Monongah divis
ion, Bailey NuzuIn, local yard maste:
and T. D. Cornell local traffic mana.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
(RN coNool

To Ohio points yesterday seven cars
were shipped and to miscellaneous
points II cars.
Daily Car Supply.
Empties on the division today to.
tai 2,045. The cars are classified as
follows: Coal, 1880; coke, s: sur,
plus NJ. v. T, ITO cars. Cars placed
at 2 o'clock this morning totaled 1894.
Cars left over from the previous day
totaled $50.
Working Conditions.
There are 1S1 mines down today on
the division. This is four more mines
idle than yesterday. Last Friday
there were 1913 mines idle; two weeks
ago, 1874; three weeks ago, 159; four
weeks ago. 1856.
unconsisned Cars.
Unconsiged cars on the division
today total 654. Yesterday there wert
thirty-six unconsigned cars added to
the total of the previous day.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
BOYS work Man At
Y" LEAVES JUNE IS

Bernard s. Mason. secretary Of the
boys department Of the Fairmont Y.
NJ. G. A.. will resign that position on
June 15 to accept the office of camp
directofNof Camp Russell on White
Lake in the Adirondacks. This Is a
Boy Scouts camp composed Of be-
tween SOC and 1000 boys from Utica,
Rome and Zion, N. Y. At no time is
there to be more than 100 boys In
camp.
Camp Russell will continue from
June 80 to September /. On October
1 Mr. Mason will return to the uni
versity OF Michigan. Ann Arbor,
where he will complete his six months
of work and be graduated from that
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
Criminal Cases
Before Musgrove

Russell Brannon will be tried be.
fore Justice Musgrove this afternoon
charged with having pint of whis-
key In his possession on show day in
violation of the state prohibition laws.
AT 3 o'clock this afternoon Justice
Musgrove is scheduled to hear charges
of assault against Teodor Proskin and
Etdostew Proskin. It is alleged that
these two young men, both from near
Pennington, assaulted John Moraw.
s1d.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

extension department, West Virgins
University, Morgantown, who is Ill al
his home in Wheeling. will resume his
mining classes In the Fairmont region
next week. The following schedule
will be observed:
Monday, -Four States Coal company
Annabelle; Tuesday, Clarksburgi
Wednesday, Mt. Clare.
The many friends OF Prof. Virgin
will regret to learn that a bealing OF
his left ear has left him without hear
ing of that member. Physicians say
that the hearing to the ear will be re
stored later, however.
Yesterdays Loading.
Loading Of coal on the Monongal
division was slightly short OF the 70l
car mark yesterday. The exact mum
Der Of cars loaded was 6s1. The load
ing east was SOL cars Of coal and tina
going west was 100 cars. -Four load
Of coke were loaded east.
Railroad Fuel.
Railroad fuel loaded along the Mo
nongah division OF the Baltimore ant
Ohio railroad yesterday totaled Is.
SSIss 4a0 4OdQLuB VI TktllIOdQ Iuel II
remaining firm, adhertng TO q dali,
run OF almost $50 cars.
Other Shipments.
Coal shipped to the lakes yester
day totaled So cars. It Is understoo,
that there is some activity in the lax,
business and that heavier Shipment
OF lake coal are being made from th,
Logan and Kanawha fields to Toledo
Fairport, cleveland and Lorraine
Some sales are being made, but It 4
understood that there Is a wide rang
in them.
Curtis Bay shipments yesterday to
tailed GO cars. This is tho lowest load
ing to this point this week. 81
Georges shipments yesterday were q
cars. Considerable activity has beel
shown on this pier during May. tn
highest shipment for any one day wa
on May 10, when 30 cars were loadet
there. Since May 141 cars have beeu
shipped there.
Yesterday 20 cars were shipped I,
Michigan points. This 10 the larges
shipment to Michigan points durinI
May. The previous heaviest ship
ments were ON May s and when o.
each day 20 cars were ahipped to tina
point
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
Commencement Held
at Whiteside Church

An interesting commencement pro.
gram was carried out at the Whitstoue
church Wednesday evening for the
graduates Of the elementary grades of
the Warrington district schols. ].
Walter Barnes OF the F'airmont Nor.
NAL delivered the commencement ad-
dress.
The following received diplomas:
Andrew Marion BoI1man, Nerissa z.
Boilman; Edna v. Garrison, Clyde Al
len Huffman Paul Edward Duncan.
Ralph Bion Floyd, Gail Irene Michael
Violet Blanche Shaffer, Cecil Crouser
Joseph Ralph Campbell, Edith Blanche
Fuyod.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

garet Gcideker AIande shaka. Irene
Blckerstat. Amelia Aidrsdgs. Neiiie
Summers. Hazel Remembers, Helen
Ramenburg. Ernest Ramenberg. Mr.
and MIS-, Ramenberg. Lille Spring, Ger
tride Little Alice Fritchel, John No
bic, Glenn Fysher. Russell Murphy,
Ntoert Murphy, Joseph Martin, Her
man Goideksr. James Rndey, Charles
RgEle, Dewey vtliers. Earl Jones, YER
non Berhouse Lewis Hayhurst. Glen
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

'institution. nor three years M. Mn-
son served as secretary Of me boys,
work at Ann Arbor Y, N. c. A. and
later he went to Detsuit y. N. G. A..
where he served as ,ne Of the boys
secretaries.
Prior to coming to Fairmont last
January, Mr.. Mason was in the coast
artillery service. He was successful
in mastering together the boys and
staged some big meets at the local
"Y."
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
Farewell Party.

A farewell party was give nat the
home Of Mr. and Mrs, L. n. Franklin
In honor Of Miss Nellie Summers. at
their homo on Virginia avenue, The
evening was spent In dancing and
games. Everyone had a delightful
time. Those present were: Pauline
Casey Irene Carey. Dexter Triplett,
Ruth Banfield, Bessie villens. Dorothy
Thompson, Margaret Frisckhorn. Mar
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

west virginia
Cloudy with show.
ers probably to-
night and satur-
day. Warmer in
east portion.
Local Readings.
p. P. Hall, OBJ.
Temperature at
8 a. M today, 80.
Yesterdays wealth
or. clear; temper
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

(. Cut cut the picture on AL fou sides.
Then carefully told dotted line its
entire length 1hen dotted line Q ard
10 on. Fold each section underneath
accurately. When completed turn Gar
and you'll find surprising result
Save the pictures.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
SERBS AND cRoATs FIGHT.

LONDON, Thursday, May 15.-Seri-
Gus fighting between. serbians and
Creations at the Creation capital is
reported In aSVienna dispatch tonight
to the Exchange Telegraph company.
Many Of the contestants are said to
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
LATE WANT ADS

covER1gArENT needs 1000 clerks for
C1nsun. 500 month. Transformations
nccu. Age redutre5hents, IS or over.
For 3ree warttrulaks write Raymond
'rerxys Qoruer. C,k1l Service Examin-
20 400 ccntins Bldg, Washing
- p s-,s-ss-sss7.
WANTED q foA lunch counter.
Apply T. Negro Restaurant, Madi.
son street. 6-1e-st5ss2
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
EVENTS TONIGHT.

tGl1nner Building-Modern woodmen.
!. o. D. r. Hail-Mountain City En-
canpment /. o. o. =.
Red Mems Han-Degree Of Pocahon-
ta1.
Normal School and Mozart
Literary Societies.
yleming Building. OK. Of P. Hall)-
Z Protected Home Circle.
Moose Home lectricai Workers.
9Ierning Building Owls.
Loes q smaiIpox-smallpox condt.
TONS at townsville, Monongaia coun-
u, aTe improving recently. according
10 reports received here. Fffty-stx
people had the disease since the out
break occurred.
Had Three Gailcns-Mike Duntrich
IL now In the county jail serving Jail
sentence Of sixty days for attempting
to bring three gallons Of whiskey into
the state. g1is trial was held before
Justice Musgrove yesterday, whereup-
On ne was given sixty days in the jug
and fined 800.
Hounds Were Worieins+Deputy
sheriffs Adams and Harris went to
Keister Mines, Pa, last night, taking
Sheriff Gloyer,s bloodhounds along to
assist IN the capture OF man who is
charged with assaulting small girl.
The deputies made the trip by automo.
Ole. n
Christ Church Vestry - A vestry
meeting Of Christ church will be held
this evening in the Sunday school
room.
Turn out = Chairman ]. Walter
Barnes, OF the Marion County Home
Coming Celebration to be accorded to
Marion county's returned soldiers and
sailors desires that all members OF
the committee be present tomorrow
afternoon at the meeting to be held
At three o'clock in his office in the city
building at which time plans will be
discussed relative to the celebration
10 be held on May thirtieth.
tSIndleherger Leaves - Assistant
State Fire Marshal Kindelberger, Of
Wheeling, who had spent several days
here looking into local fire hazards
LEFT this morning for Philippi but prob
ably viii return here later. Together
with Fire Chief Oh. Watkins Mar
nhal Kindelberger had spent the week
dnvestigating localities where the fire
risks were thought to be bad. They
also spent some time in inspecting To-
cal schools and in watching the school
children IN fire drills, etc.
Hospital Pstients-Mrs. c. A. Moy
aof cleveland avenue. Is a patient al
Cook hospital as is also R A. Puning
OF Tygart street. John Dolam. Of
Sixth street, a motorman in tho en-
ploy Of the Monongahela Valley Trac.
lion company, underwent an opera
fion today at the hospital.
catiesa Fire Dept.-The city fire de
partment has been called upon agar
TO give up another and the last one o.
Its feline friends as the last cat in the
lDcssession Of the department died las
night following brief illness. One
cnt owned by the fire boys died @ few
days ago and the Persian cat which
was lott once and return to the depart
ment has again disappeared. The de
rartment Is now without any protec,
ton such a. cats afford and VIII hayt
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
AnlaHllsTRf lfoR,s NOTICE,

AEI,perrona having claims against
The egtate OF John H Manley, de
ecased, wil1 present them to R. A Mar
tin, az Monongah, r. +. D. No. 4, and
AL persons knowing themselves to be
indebted to said estate will present
their claims TO the undersigned for set.
tlement n
This tho 18th dayof May, 1919.
r. A. MARTIN,
A1ministrater o. John II. Manley, de-
ceased. S-i6-it
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

Deed for Record = A deed for the
sale OF real estate on the East Side ad-
dition, this city, valued at $500, to ].
w. Glen and Alice Glenn by A. J. Nc.
Daniels and Blanche NJ. McDaniels
was recorded at the office Of County
Clerk A. G. Martin this afternoon.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

s'7s: minimum, Is: precipitation, trace.
River 1856 feet falling.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

Buy Drug store Fixtures - Mr.. and
Mrs. q. Z. Fortney returned this morn
ing from Pittsburgh where they spent
the greater part OF the week purchas-
ing q soda fountain and fixtures for
their now drug store. The firm viii
be known as the Fortney Drug Co.,
and the store will be opened about
August LIST IN the NuEum building in
Jefferson street.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

70 resort 70 Rough on Rata. Colonel
the fire house dog IS not grieving
over the loss of the cats as he has
never evidenced much affection to-
ward the animals.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

vesper Service - Beginning at 4
o'clock on Sunday afternoon a vesper
service will be held at the Y. NJ. C. A.
The address will be delivered by Mrs.
Kemble White. Mrs. NJ. L. Clevett
will render solo.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
EASTERN ROADS

CONTINUED from page one)
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

/. Guest from eurton-Miss Elizabeth
Lemley, of Burton, was the guest to
day Of Mrs. A. B. Maddox at her home
IN Pittsburgh avenue.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

Had Three eallons-Mike prntrich
b now In the county jail serving a jail
sentence Of sixty days for attempting
to bring three gallons Of whiskey into
the state. His trial was held before
Justice Musgrove yesterday, whereup-
On ne was given sixty days in the jug
and fined 800.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

Loes Of smaiIpox-Sma1lpox condi-
lions at townsville, Monongaia coun-
u, aTe improving recently. according
10 reports received here. Fffty-six
people had the disease since the out
break occurred.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

To Arrive Monday-Miss Norma
Tucker Of Covington Kentucky will
arrive here Monday to spend several
weeks as the guest Of Miss Ruth
Phillips. Miss Phillips has visited
Miss Phillips before and is quite
popular here.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16

l,ospltal Patients-Mrs. c. A. Moy,
1of Cleveland avenue, Is a patient at
Cook hospital as is also R A. Puning,
Of Tygart street. John Dolam. Of
Sixth street, a motorman in the en-
ploy Of the Monongahela Valley Trac-
hon company, underwent an opera
zion today at the hospital.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-05-16
TILE WEATHER.

West Virginia