davidaulloa/AmericanStories huggingface dataset:
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12
MAN OF THRIFT
VALUABLE ASSET
TO A COMMUNITY

The man who practices thrift
through the scientific management of
his time, money and affairs. is a val
liable asset to his conn ity and the
country.
This point was emphasized by John
Poole. president of the International
Association OF Rotary Clubs. at the
annual convention of Rotary Clubs,
held recently in Salt Like City. In his
address to the assembled Rorariaps
Mr.. Poole heartily endorsed the ma
tional thrift campaign which is being
conducted by the savings division 81
the treasury department. in connection
with the sale of war savings and
thrift stamps.
I'VE must not think of thrift as be-
ing close or stingy'' said Mr.. Poole.
TT Means nothing of the kind. It
means the scientific management of
ones time, money and affairs. which
improve the quality of the individual
because they develop system, order
and give force. energy and industry
as we'll The virtue of saving lies in
the fact that thrifty men think. plan
sive and become valuable assets to
country.
Tell your boys a few plain tales
about how money works. Tell your
son that a dollar deposited every
month in a savings bank at an ordi-
nary rate Of interest will grow SO
large through the process of COM
pounding interest that at the end OF
twenty-one years he could draw out
all the money he saved and put It into
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12

the bank without making any further
deposit he could continue to draw out
a dollar a month as long as he lives.
As another Illustration Of the
power Of money tell him that $500 de-
posted at six per cent compound in
terest would in 200 years amount to
more than sioo. ooO. 900. He won't have
any ambition to create a fund OF this
sort, but 1t viii show him what money
can do and how It can accumulate.
When a person spends money for
something he really doesn't need the
money is gone forever, but when one
invests money he still retains all thai
he has saved, and furthermore. an
earning power is added. SO that he
then has two forces at work from both
OF which an. income Is derived. One
is man power, his own personal eff
fort-the other is money power, the
return from invested savings"
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12

New York, July 1.-THE cotton mar
ket was easier during today's early
trading. The opening was unchanged
to Is points lower in response 20 easier
cables. Trade interests were moderate
buyers and there was a further scat
tering commission house demand, but
the support was much less active than
recently and the decline soon extended
to 34.05 for October and 1885 for
January, or 20 to 35 points net lower
The weather map showed more favor
able crop conditions and there was
scattered southern selling on the de-
cline.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12

Middling, 34.00. Receipts. 354; stock.
377,1OO.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12
Do YOUR.
EYES PAIN
OR BURN
E You Go Blind, You Cannot
Buy New Eyes-Better Try
Hollan's Eye Water.

Hazy vision. swollen or infianed
lids. scaIding tears or gluing OF eye
lids together. should call for prompt
attention. Ono Of the best eve rem
edies is Hollon's Eye Water. for chill
dren as well as adults. It Is safe.
painless and gives certain felicf In
cases of sore, weak or inflamed ayes.
In the carton with each 25c bottle OF
HolIan's Eye Water is an eye droppef
and a small box Of sA1ve for chronic
sore eyes Your druggist can Supply
you.-Adv.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12
{ NAVAL STORES, z
( z q 3 z z z z & BIER ga
PENSACOLA.
PENSACOLA.

Pensacola, July IL
Receipts, Casks.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12

In Canada a total Of 6.6l7 women
are organized in 2o9 trades unions.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12
SAVANNAH.

Savannah, July 1.-THE spirit mar
ket was firm at 103 1-2 with sales of
147 casks.
Receipts, Casks.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12
Z K Z aa gzgg gKaB x
x
MARKET REPORT.
Z Z asaaaaszza8aKg

New York, July 11-Cotton futures
Der, 34.18; January, 34.03; March, $3.50;
May, 1880.
Cotton closed strong. January,
34.70; March. 34.67; July. 35.1u; Oc-
tober, 34.96; December, 1890.
New Orleans, July 1.-THE cotton
market opened steady. January. 1880;
March, 33.40; July, 34.0O; October,
1857; December, 1886.
Spot cotton steady and unchanged.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12
Local Notice to Mariners.

Florida: St. Joseph bay: ST. Joseph
bay turn buoy, I, reported adrift July
5th. will be replaced as soon as prac-
ticable.
c. & c.. S. chart Nos. 1114, 1115;
buoy list, Sth district, 1918 p. IA;
coast pilot, section E, 1916, p. II.
By order of the commissioner of
lighthouses.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12
= 4 q Il e q h q a Is e a 4 q Is e =
8 Z
: THE WEATHER. a
6 q
Z X < q x z x & q x x z = q & q q

Pensacola. Fla. July II. 1919.
Sunrise. $3.50.
Sunset, 7:b2
Moonrise, 1927 p. m.
Moonset, 5:23 a m.
Next phase of the moon, full moon
July 13th.
High tide. 112s a m
Low tide, s:4s p. m.
Yssterday's Weather.
Temperature
a. m, so.
p. m, SO.
Highest IS.
Lowest, II.
Mean, 50.
Normal 81.
Mean same date last year, 80.
Accumulated deficiency this year to
date. $50.
Highest OF record for July, 1913 de-
grees.
Lowest OF record for July. 81 de-
grees.
Rainfall
For "a hours ending I p. M. o.
Total for this month to p. m,
1.e4.
Normal for July, 7.27 inches.
Accumulated excess this year to
date, 1874.
Humidity
a. m, IS.
l p. m, so.
p m, SO.
Barometer
a. m, 2e.95.
p. m, 1891.
In Canada a total Of 6,6l7 women
are organized in 209 trades unions.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12

Liverpool, July 11.-Cotton spot
quiet; prices steady. Good middling,
21.5s; middling. 2O.9S; low middling,
1898; low middling. 1928; good ordi-
nary, 1858; ordinary, 1900.
Sales 5000 bales, including 1900
American.
Receipts $1,000 bales. including 81
900 American.
Futures closed irregular. July. 2O.S5;
October. 2O.61; January, 20.40; March
20.19; May, 1895.
Weekly cotton statistics: Total for
warded to mills $4,000 biles, of which
American "a, 1000 bales. Stock $780,
600, American $4,000; imports 1885,
600 American $4,000; exports 3.489.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-12
JACKSONVILLE.

Jacksonville, July 1.-THE spirit
market was firm at 104 with sales Of
261 casks.
Receipts, Casks.
New-York tribune., 1919-12-16
Toronto
Financial Items

r. A. Weber jr. has been elected assist
ant secretary of the Bankers Commercial
Security Company. Inc.
metropolitan Trust Company of New
YORK has been appointed registrar of the
Sl25O,0 0o0 preferred stock OF the Deppe
Motors Corporation.
The Guaranty Trust Company of New
york has been appointed paying agent OF
coupons, due January and July l.. from
hrst mortgage per cent bonds of the
BoilVia Railway Company.
A certificate has been filed with the
Secretary OF the State of Delaware by the
Goldwyn Pictures Corporation increasing
its capital from zoo. 900 shares to 1000, O0e
shares.
Dave II. Morris and w. T. Carringtor
nave been elected members of the board
Of the Inter Allied Aircraft Company
c. N. Haskell. Henry Hobbs. l.. NJ
Putnam. A. II. Britain c. a. Owens w. L.
Walker. T.. D. Saklatvala, D. Burlcson and
A II. Carrigan have been elected directors
OF the Texas Chief Oil Company a subsi-
diary of the Middle States Oil Corporation
]. B. Levy has retired as president of
the Allied OH Corporation and has been
elected chairman of the board of direc-
tors and the executive committee s. A.
Taylor was appointed president to sue
ceed Mr.. Levy.
Application has been made to the New
York Stock Exchange to list the $4,000 OO0
capital stock of the White Motor Com
pany.
New-York tribune., 1919-12-16
New York Makes
Last Payment on
1913 u. S. Taxes
City Contributes One-fourth
of Levy on Nation; "Bis
Bill'' Edwards Collects
Half Billion in December

New York City finished paying NOR.
than one-fourth of the entire nation.
taxes last night when midnight draw
the deadline for the payment Of income
and excess profits taxes for the las.
quarter of 1918. Any returns nos,.
marked later thar rast midnight. or mn.
made by that time, VIII automaticalv
be subjected to a fine of ) per ron.
and one-half of l per cent interes.
month until paid. Failure to nay after
three notices will result in the issu.
ance of a warrant of distrant aeains.
any property the delinquent taxpayer
may have.
The biggest returns were recorded in
the second internal revenue distr;c.
presided over by Big Biz" Edwards
This section, south Of Twenty-fourtb
Street on the West Side and south os
Catherine Street on the East Side
probably paid s500,000000 for the Quar-
ter, or two billion dollars taxes for the
calendar year 1918. The first district
in Brooklyn returned from $3.50 600.
900 to s2C0000,000, and similar amount,
were reported from the third district
comprising the remainder Of Nanhat'
tan, and the fourteenth, in which the
Bronx is included
At the Custom House, where the
heavy returns from the financial dis
trict game in, five cashiers windows
were opened yesterday morning, two of
which remained open until midnight
Checks for seven and eight figures
were not unheard of in the days total
which probably reached 800, 1000 900. I.
will be several days before mail now
on hand can be disposed Of.
According to Mr.. Edwards. tax re-
turns were never made so readily and
with such general understanding on the
part of the public as Tor the fourth
quarter.
"In the year just closing he said,
'the returns came in in better shape
than ever before. The public has shown
an admirable and patriotic spirit Par
ticularly in the financial district has
there been display OF high intelli-
gence in fling of returns Moreover.
the percentage of persons who have
tried to cheat in their returns has been
negligible. l might add that, through
our methods of checking up, Uncle Sam
will be sure 20 discover returns that
do not look right and catch the very
few who deliberately seek to cheat the
government"
Mr.. Edwards said that forms for re-
porting taxes for 1919 will probably be
available before January l. The quar-
terly payment plan, he said, has proved
very popular and has enabled the
financial district to make returns with
out causing any serious disturbance in
the financial world.
New-York tribune., 1919-12-16
France Warned Not to
Expect More Z. S. Loans
Eugene Schneider Tells Nation
Future Aid VIII Have To Be
by Commercial Channels

PARIS. Dec. 15.-Some 100000 600
francs is the amount that France will
have to spend in the United States dur
ing the coming year on wheat, cotton,
oats, coal and machinery, according 20
Eugene Schneider, who has just re-
turned from mission on behalf Of the
government TO the United States, in an
interview in LIE Journl."
'The American state as govern
ment," NJ. Schneider is quoted as hav-
ing said, "cannot and will not advance
this sum. The day of state loans 10
state is over. 1t is essentially a war
measure and It's continuation would
paralyze private initiative.
Furthermore. the situation among
our overseas allies is far from being
as brilliant is people might think. Tn
foreseen strikes have surprised pub
lie opinion and President Wilson's H.
ness is impeding the whole Of the ma
chinery of government. And there are
the discussions of the peace treaty.
Those discussions should be regarded
in their true light-that is, that the
opposition reported is rot solely po-
litical. For the Senate's Republicans
the league of nations represents a
breach in the Constitution.
This does not mean that the Ameri-
can government will not help US It
will support every effort we make to
obtain credit by private issue II may
subscribe an important part thereof
itself and place at our disposal the
machinery which floated its Liberty
Loan.
American CONNIE cree and industry are
not responsible for the exchange rate.
1t is upset by conditions which threaten
the stopping of all business. This un-
justified rise continues to cost France
millions and benefits nobody"
New-York tribune., 1919-12-16
Urge American Exporters
To Protect Canadian Trade

Canadian bankers here recommend
that American exporters take steps to
prevent the curtailment of their busi-
ness with the Dominion through the
depreciation in exchange. The sugges-
ton was made yesterday than an ar
rangement he worked out whereby
American sellers would accept Canadian
Victory bonds in payment of margin
of the debts of buyers across the
border.
The "stopgag Device" as one Canadian
characterized it, would lessen the de-
mand IN Montreal for exchange on
New York, and would tend to bring the
canadian dollar nearer to normal. The
discount OF Dominion exchange yester-
oay 1eil to s1s per cent, compared with
end of last week 'o
New-York tribune., 1919-12-16
Cotton

Tho violent fluctuations OF last week week
were followed by extremely Irregular price
movements in the cotton market yes.ef- ed
day. Trading was not more than mod-
erateIy active. but the narrowness OF the
market made 1t the more sensitive to or
ders either way. and there was price
range OF fully a cent pound in the case
Of the near months After selling off to
34.90. January contracts. for instance, az
pared with IS IS at the close on Saturday.
The general list closed steady. az a net
advance of to 4t points
The early action of the market was
partly due to disappointment on the part
Of Saturdays buyers VINO had expected
favorable peace treaty dsyslopments % over
decline OF 40 points on April. but generally
10 points higher to points lower. and
stendy cables and the continued improve
ment In tho coal situation. Liquidation
quickly made its. appearance and while
It was pretty we'll absorbed by Liverpool
buying to cover stradde shorts during
the first hour, prices weakened as soon
the demand from this source was with
drawn. Near month liquidation was par
ticularly active. sending December and
January 55 to 65 points net lower. but
below Saturdays final figures, and offer,
ings seemed to be pretty we'll absorbed
at this level by covering and trade buy
Ing The market hrned up In conse-
quence, selling about 20 to so points net
higher in the late trading.
One Of the features on the late after
noon advance was tnc DuylnS on MdIcii
by trade interests, which was supposed
to represent reversal of switches. as they
were sellers OF January and some of the
later deliveries. General business was
comparatively quiet during the entire day
anG much of it. including the Liverpool
buying, supposed 10 reflect reduc-
tion in the outstanding interest. The
steadier ruling Of exchange rates was an
encouraging influence and late advance
was stimulated by the big exports, the
days figures being the largest SO ar far
thia season and running over 100000
bales.
Southern spot markets as officially re-
ported were UNCHANGED to 25 points
higher with a small volume Of business.
The local spot market was steady ana
unchanged, at 38c for nddlng. NO
sales were reported
The range of prices follows:
New-York tribune., 1919-12-16
Big Display of Nigel Silks

One of the most important attempts
ever made to exploit trade-marked
SILK fabric has been undertaken by
Franklin Simon & Co., retailers. who
Yesterday devoted fifteen display win
dows to women's garments, hats. para
soils and other sports apparel and ac-
cessories made Of 1920 Fan-Ta-Si." the
product Of J: A Nigel 4 Co. The an
parel is destined for winter resort and
spring wear. The fact that the store
IS dlsplaying spring goods two weeks
oeiore Chrstmas was characterized as
a oold merchandising stroke in retail
clrces e1 yesterday. 1t is reported that
Tor the supply of apparel for this
showing totaled close to 5000 900.
New-York tribune., 1919-12-16
East Coast Fisheries ComDany

Qucstion-May | ask you to acquaint
me with the value of East Coast Fish
cries pre- erred and common stock and
the prospects Of the common becoming
4 dividend-paying stock? Also East
Coast Fisheries Products stock
j. K. II.
Answer--The East Coast Fisheries
Company recently declared an initial
quarterly dividend of l per cent on it's
common stock, payable January / to
holders of record December ~. No open
market has been established for either
class of stock, but the common, par value
80. is quoted at from SIG to $40 a
share. The par value of the preferred
is 500. The company within a few
days will make public a statement of
it's operations and finances This, we
are informed, will show no bonded in
dcbtedness or other obligations and
enough cash on hand to finance opera
tions, together with a surplus for fu-
ture dividends. Since its organization
the company has added to its fleet of
modern steam trawlers, ten of which
are in operation. 1t is planned to put
others in commission soon
The East Coast Fisheries Products
Company is a new corporation organ
lied for the purpose of packing and
distributing the entire haul of fish of
the East Coast Fisheries Company. 1t
has acquired large fisheries products
plants, terminal docks and wharyes at
Rockland Me- and other points along
the Atlantic Coast. These constituent
companies have been operating profit
ably over a continuous period of forty
years or more. The new company has
en- authorized capitalization of $50 ,OOO.-
600, divided into $25,000,COO OF per
cent cumulative preferred $t00 par,
and $4,000, 900 common, $40 par. OF
this amount approximately 100000
was issued for cash and property. A
new issue of $3,o0o,000 of preferred
is now being offered to the public
Until earning power is fully demon
strated the stock must be regarded as
speculation.
Above answer also to NJ. r. H. and
New-York tribune., 1919-12-16
Four full columns OF inuest.
n7ent questions and ans,cers
are published in The Tribune
erery Sunday
Committee on Term
Settlements Appointed

The American Acceptance Council
last night announced the personnel of
Its committee authorized to study wavs
and means of substituting the periodi-
cal settlement for the present system
of the New York Stock Exchange. The
creation of such committee was
recommended by Paul M. Warburg
earlier in the month at the first an
nual meeting of the council, when he
argued that until the term settlement
is adopted the exchange would be in an
"unsound condition."
Gates that there will be no cleavage
between the council, in which the lend
ing institutions are represented, and
the Stock Exchange, for the council,
The banks and the exchange will be
represented on the new committee
which is directed "to study the adj
Instability, ways and means of modify
ing the present system of settlement on
the New York Stock Exchange and sub
stituting therefore some system of
periodical settlement" The committee
is also authorized to take such steps
as seem necessary. The membership of
the committee follows:
Walter K. Frew. president, Corn Ex-
change Bank; Donald G. Geddes, of
Clark. Dodge &, Co; Gates W. McGarrah,
president. The Mechanics and Metals
Bank; William H.. Remick, Remick
Hodges & Co; Edward Shearson, Shear
son, Hammill & Co.; Samuel F. STREET,
chairman Of the clearing house COM
mittee of the Stock Exchange and men,
ber of II. T. Carey & Co; f. V. r.
Thayer, president, Chase National Bank
and from the executive committee of
the American Acceptance Council, the
following. John II. Fulton, executive
manager, National City Bank; John E.
Rovensky, vice president, National Bank
Of Commerce; W. H. Porter, j. p,
Morgan & Co., and Paul M. Werburg,
New-York tribune., 1919-12-16
Chesapeake & Ohio


Qucstion-Will you kindly advise ME
as to the financial condition of the
Chesapeake & Ohio Railroad. | own
some Of the stock, bought at 59a4.
Would you advise selling or holding
it?-E. P. H.
Answer--Chesapeake 4 Ohio has not
Jared SO badly as many other roads re-
Gently. The net revenue after taxes
and rentals was SS.ll2,932 for the first
nine months of 1919, against $11,203,-
4OS for the like period in 1913 While
this is decrease it is so much better
than the reports of many other roads
that it may be construed as encourage
ing. We believe Chesapeake & Ohio
will benefit from any legislation which
will be enacted in connection with the
return of the railroads to private op-
Grafton.
New-York tribune., 1919-12-16
Diversificati0n Suppestcd

Question: have about $500 to in
vest and was thinking Of buying I'm
ion Pacific preferred. Would you ad-
wise me to buy same or do you know
of something else that is safe and
profitable ?-J G. K.
Answer-We believe Union Pacific
preferred at present prices very good
Investment. Other preferred stocks
offering good return are Atchison,
Heading LIST, Norfolk & Western, u. S.
Steel, American Car Foundry, Central
Leather and United States Rubber. 1t
would, we believe, help your invest
mcnt if you diversified it by selecting
two or three of these stocks in addi-
tion to Union Pacific preferred.
New-York tribune., 1919-12-16
Wine Thief Had 75-Ft. Straw

;. When Joseph Pantaleo, wholesale
liquor dealer, went into his cellar at
2o7 Willis Avenue, the Bronx, to coal
the furnace last night, he discovered
that some one had run seventy-five
loot pipe from the cellar to the 136th
street entrance to the store and
siphoned the sacramental wine out of
nine barrels.
The wine, 452 gallons, was worth
$500, Pantaleo said.
Detective Joseph Brancato, of the
Alexander Avenue Station. and Internal
Revenue Agent George Miles are inves-
tigating. Pantaleo said he had not
been in the cellar since December 8.
until last night.
New-York tribune., 1919-12-16
Investment
Information

In this department Tho Tribune win
throw the light OF such information a.
is ct its command on the Investment
problems OF its readers. Questions Of
general interest will be answered In
this column. Only initials will be used.
Others Will be answered by mail.
Address all queries, inclosing
stamped addressed envelope. to
FINANCIAL EDITOR, The Tribune,
LEA Nassau Street. New York City.
New-York tribune., 1919-12-16
INACTIVE STOCKS OR RONDS-

Securities a0hich are bought and sold
only at infrequent intervals; seldom
quoted; difficult for the public at large
to ascertain the market value Of There
arc brokers. or bankers, IN nearly every
important city aoho make q business of
dealing in inoctive securities IN general,
or are specialists an regard to certain
oncs.-Money and Investments
New-York tribune., 1919-12-16
MEETINGS
"ESTRELLA GUIANA"
Compania Nacional Interoceanica

Compania Nacional Interocean.ca
tCuoan Star Tine)
De orden del Sr. Presidente V c,impiierfo
acuerdo del Conseto de Directories Sc cita por
este medic los Senores Accionistas de esta
Iompanla. para la session extraord.naria qua
Sc ceiebrara en- la Ohcina principal de la
inlsma, situada en- la Ciudad de la Habana.
CuDa. Departamento numero 4l2 del nuevo
euiHcio dei iSanco de Canada. Aguiar nnmero
20 las "A NJ del martes % de Diciembrs
de 1879
III ohjeto lie esta session sera tratar de
ihooincar algunos preceptos de los Estatutos
y. en- sr easo. tomar los acuerdos que a
virtud de tales modlhcaciones resuiten nece
sa rias o conyenien;es
New York, Noviembre &c de 1919
CHARLES ANGULO. vics-Secretar4o.