davidaulloa/AmericanStories huggingface dataset:
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07
BONDED DEBT
!, IS DECREASED
$1,000 MORE
With SLIPS Interest, 20 Per
Cent Of Waterworks Bonds
Have Been Paid.

L| 49, ts-l ... 81 - -L
A regular business session Of the
Ea5t Grand Forks city council took
u &c last evening at the office Of City
Elerk A. N. Briggs, with Mayor Rob-
ert Anderson and all aldermen pres
ent excepting Alderman Pat Lyston.
Who was unable to attend The meeting.
l5lils allowed in the sum of $~8,772.OS.
Included in the ,ss, 772.os total of,
'biils against the city in various de-
session is $1,000 paid on the water
works bonded debt principal. with
SLIPS interest On the outstanding
bonds, which with this payment have
Deen reduced in amount to $4,000,
bringing the total amount paid on the
outstanding bonds during the two
year period Of 20 per cent of the
semi-annual interest rate now is re-
duced to $1,000. The gradual taking
up of the outstanding bond issue
makes a very representative showing
Tor the city, and demonstrates the
stability of the city's financial condi-
tic,. =.
", report Of r. Z. Butler, chief Of
the fire department, shows property
loss of $100 for the month. of April by
two fires. The report o. Chief of Po-
lice Chris Hanson for the anne period
principally DRINKS, were placed under
arrest, with atotal in fines collected
. Of s65. The report of City Treasurer
Aaron Brown showed receipts for the
month of 81, 102>93, representing prin-
cipally collections for light and wa
ter. Cash on hand in. the city treas
ury at the close. of the month totals
s31l$00.iO, which includes the sun
of $20,960.63 in city funds bearing
interest. \
The, question Of soft drink licenses
was again raised, the council confirm
ing it's previous action that no fur
Their soft drink licenses be granted at
this time. Renewal of the license
to sell cigarettes Of George Down
ham was authorized.
The council considered the question
of a tractor to- take the place OF
horses in grading work Throughout
the city. districts, with the result that
CityS-Clerk Briggs was instructed to
advertise for bids for a tractor suit
Athletic the purpose to which it is pro-
posed.toSbe, putty ~
President Fred Craig and Alderman
L. B. Hitler :were appointed a commit
tee to-, take up the proposition for in
vestigation apd report Of a gasoline
hose truck for the use oftthe. city fire
department.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07
MAYOR IS DELEGATE
TO ST. LOUIS MEET
i OF PRESBYTERlANS

Mayor Robert Anderson. as repre-
Sentative for the P~resbytery Of Adams.
Will leave Monday to attend the gem
eral assembly Of the Presbyterian
church at st. Louis, which convenes
May is and will include intervening
dates to May "a. He will remain
The Presbytery Of Adams, Of which
he is official delegate. comprises the
larger portion iofSnorthern Minnesota,
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07
SEVERAL MEN HoNoRED.

Washington, May -7.s-The war de-
partn1ent made public today a cable
from General Pershing announcing
the names of four officers and TWEEN
enlisted men to whom. he has
awarded the distinguished service
cross for gallantry in action. The off
1cers include Captain Charles 3:
Mich.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07
TROOPS. JOIN "UNIoN.'

London. March 13.-tMail)-Many
troops of the Red army in eastern
Russia have adapted trade union
methods in dealing with their Boil
shevik superiors. They demand fixed
pay for each hour of fighting and this,
according to official reports ITO the
British government. at times amounts.
to 90 rubles2 an hour. The Red army
in that territory is composed of Ger
mans, Firms. Chinese. Poles and re-
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07
LEGAL NOTICES
su1816oNE
STATE OF NORTH@DAkOTA,)

> County o.. Grand Forks. }ss.
IN DISTINCT COURT
FIRST JUDICIAL DISTRICT:
H. A. Allen: Plaintiff.
Joseph Piquette. and all un-
known spersons claiping any :
estate oklnterest in OF lien or /
! incumbrance upon the prop
erty described in thel conf
plant as heirs, devisees, .
iegatees, or creditors OF janet
Anderson. deceased, or othef-
The State of North Dakota to the Above
Named Defendants:
You. and each Of you are hereby sum-
moned to, answer the complaint in. this
action. which complaint. IS on fle ,in
the office of: the clerk Of .the district
court of Grand Forks county, North Da-
kota, and to serve a~'copysof your answer
unonstthe subscriber within thirty days
afterfffhe service of this summons up
on yoiiS exclusive of the.day of service.
and ial case of our failure to appear
or answer. Judgment will be taken
against you by default for the relief
dtlnanded in the complaint.
Dated April 18th. 1919.
NJ MCINTYRE & BURTNESS. ,
Attorneys for Plaintiff,
Grand Forks, N. p. -
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07
EAST GRAND FORKS

Ing attachments engaged in govern
stationed at Schofeld barracks,
Honolulu. He brought with him an
interesting display Of souvenirs coll
lecteds during his period Of service
The young mar will make his home
in@ East& Grand Forks.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07

cruits> from the semi-civilzed prov
inces Of eastern Russia.
Many of the officers are Germans.
Others are Russians pressed, into serv-
ice. Every order given by an officer
is reported to the commissary and
any mistake is punishable by death, |
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07

ENGAGEMENT WITH +.
GENERAL PERSHING

Paris. May 7.-(By The Associated
4Press.)-President Wilson has an
appointment with General Pershing
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07

Saskatoon, .sask.. May kid Lar
son, claimant of the Canadian BAN
tAmweight championship, and Joe
May -.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07
BIG PARADE IN INDIANAPOLIS.

Indianapolis, Ind. May Indiana
today officially welcomed home its
sons and daughters who took part in
the war;. A parade of Is, 900 soldiers,
marines, sailors and horses marched
through, the streets. The 150th Field
Artillery of the And (RafnboW) di-,
vision led the parade.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07

for 2 o'clock this afternoon. The
conference probably is in relation to-.
the three power pact or agreement
under discussion for safeguarding
France against renewed German ag-
erosion. - n.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07

Patience may be required to get q
colt to behave well in harness, 'but.a
good draft horse wiz be the result.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07
sux160N1.
STATE OF NORTH DAKoTAl

County Of Grand Forks.
T. ItfiN DISTRICT COURT,
z FIRST JUDICIAL DISTRICT
Henry ). Shane. Platntin.
De,ina Clarke, also knoWn as
Deiina Clark John Elarke~
andFss all unknown persons
. Haiming any eStateyo or interest,"
in orxlien ortiacurnbrance up
on TIC property described iii
> the ssomplaints as heirs %pf
f,oref,zo Carter Deceased, Or
nc heirs, devfsees, lekAtees,
on creditors of Delin6 Clarke, !,
rb or state Of North Dakota to the Above
Named Defendants:
Younand each Of you are hereby sans
mnned;to answer the complaint in-&hls
nction. which complaint Iis,on hle In
the office OF the clerk o THE sdistrict
cnurt III Grand Forks county, North
answersupon the subscriber within thirty
3aus4 after the Service ofsthts summons
mon Fuu, exclusive OF the NAy Of serv<
ice. and in case of your failure 70 ap-
near orEanswer. Judgment VIII be taken
npeai inst y by default. for Nthe relief
ads go nSed in thescomplaint. i
NTSMcINTYRE BURTNEssa
Attorneys for Plaintiff.
Grand Forks, N. q. e
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-05-07
MSTERN,IROOPS HOMEFROMW WAR

~ n - ia n s..SSkaa4s "a go go N 49,
New-York tribune., 1919-05-14
Porphyry Co.'s
Report Deficits for
First 1919 Quarter
Utah, Nevada and Ray Cop
pers All Fail to Earn
Dividends; Production
Shows Heavy Decline

Net operating losses were shown by
the three leading porphyry copper
producing companies, the Utah, Nevada
Consolidated and the Ray Consoli-
dated, in the" March quarter of this
year.
The Ray Consolidated Copper Com
pany reports net operating loss of
$244,667, compared with a net income
for the same period of 1918 of $685.
236. Net loss from operation Of $12,-
94S was shown by the Utah Company,
while the Nevada Consolidated stood
a S111,159 loss. Last year in the cor
responding quarter Utah Copper had
a net income of s2,571,218 and the
Nevada a $410,070 income. In each
case a large deficit was shown after
the payment of dividends.
Income From Other Sources
Income from other sources of the
Utah company was S119,085, and in
come from dividends amounted to
S375,187, making total net profits of
$481 1924, or equal to 20 cents a share.
In the preceding quarter net profits
were $3,331, ,728, or $2.05 a share earned.
Dividends received by the holders
of the Ray Consolidated stock aggre-
gate $78S,59O, leaving deficit of $780,
S88 for the period. The Utah Copper
distributed S2,436,735 in dividends,
thereby causing Si,9o5,410 deficit.
A $749,796 payment was made by the
Nevada Consolidated, a deficit of $780,
955 resulting.
Gross production of the Utah Com
pany was 28,97l ,089 pounds, against 49,
303,692 in the last quarter Of 1918. Ray
Consolidated's output was 1921, 1881
pounds, compared with 19,601 JAG in the
preceding three months. Production of
12,201 ,444 pounds was shown by Nevada
Consolidated, which compares with 49,
020,773 pounds in the period ended De-
cember 81, 1918.
High Costs Curtail Output
The heavy drop in earnings was at
tributed to continued high costs of pro-
duction. In the report to the stock
holders of the Utah Copper Company it
was pointed out the decrease in produc-
tion was due to the fact that operations
were curtailed to approXimatel a so
per cent basis. The report also stated
that a further reduction of output does
not seem to be Immediately advisable,
but if the betterment Of industrial con-
dltions is too long delayed this may
become necessary to further limit the
accumulation of metal stocks. 1t is
expected that further and gradual i'm
provement in costs can be made which
will justify continued production at re-
duced capacity until such time as an
increased demand for copper at fair
market prices will warrant resumption
of normal OUTPUT
New-York tribune., 1919-05-14
The Markets
The Equipments

The stock market seemed more re-
strained yesterday. Advances were
less spectacular. The oil group
showed some recovery. Stocks Of sill
yer producing companies continued
strong, advancing more moderately
than Monday, however, with gains Of
only and points. The feature was
the advance in the railroad equipment
stocks. American Locomotive gained
2s points, Baldwin 5%, New York Air
Brake 2h and Railway Steel Springs
3%. This rise had possibly some con-
nection with the message addressed by
Regional Director Ashton to the
Northwestern region railroads: "Ad-
Fise at once number Of type Of addi
tional United States standard locomo-
tives will be required. If corporations
are not willing to purchase United
States standard type, advise number
and type they would be willing to pur-
chase Of their own standard" A more
tangible motive, as applied to Ameri-
can Locomotive stock, was the order
from the Italian government for $50
freight locomotives, duplicates Of the
250 engines previously supplied Italy
by the same company The value Of
the order was placed at $6,o0o,o0O
The next meeting Of Baldwin directors
is scheduled for May %.
New-York tribune., 1919-05-14
Texas & Pacific
To Tap Oil Field
With Branch Lines
Regional Railroad Director
Says Tremendous Devel-
opment of Ranger Makes
More Facilities Necessary
F&sA'cidl Bureau
o~t11

OpectdI Correspondence
DALLAS, Tex, May 13.-The Texas
G. Pacific Railroad is to construct
several branch lines for the purpose of
gridironing the oil fields of Central
West Texas. This was confirmed to-
day by j. L. Lancaster, regional di-
rector of the Southwestern group of
railroads, who with party of railroad
officials made tour of that region
few days go. Mr.. Lancaster said:
I'VE are much impressed with the
tremendous development which has
taken place at Ranger in SO short a
time. We realize the extensiveness of
the operations and the necessity for
the Texas & Pacific Railroad develop
ing and improving railroad facilities.
for taking care of the enormous traffic
which has resulted. We have care
fully considered the situation and
have authorized surveys preliminary to
the construction of lines to develop the
territory lying north, south and west
of the immediate Ranger neighbor-
hood"
The party consisted of Harry Bon
ner,. president, Missouri Pacific Rail-
road Company, also a director of the
Texas e. Pacific Railroad Co., in
which the Missouri Pacific has an i'm
portant interest; J. H. McClement, a
member of the executive committee Of
the Missouri Pacific and director of
the Texas & Pacific; Bertram Cutler,
director of the Missouri Pacific and
a representative of the Rockefeller
interests, from New York City; C. E..
lngersoll, q director Of the Missouri
Pacific and of the Pennsylvania Rail-
road and president of the Midland
Valley Railroad, from Philadelphia,
Penn, and John G. Lonsdale, presi-
dent of the National Bank of Com
merce, St. Louis, and director of the
Missouri Pacific and other important
interests, together with j. G. Drew,
vice-president of the Missouri Pacific;
B. F. Bush, Federal manager; Chief
Engineer E. F. Mitchell, of the Texas
Pacific Railroad, and ]. L. Lancaster
Besides the prospective early con-
styaction of these branch lines it is
stated that the Texas & Pacific has
under consideration the double-track-
ing of its main line between Fort
Worth and Ranger, distance of 1O5
miles.
New-York tribune., 1919-05-14
Com odities
In d u S trial
Cotton

Cotton prices advanced yesterday,
closing with net gains of 43 to 60 points.
The opening was higher, in sympathy
with rising prices at Liverpool Further
gains were made as a result of the con-
tinued strength in the drygoods mar
kets and unfavorable weather.
Goods markets are reported to be
still advancing,~ with buyers bidding
against one another to secure eraly de-
liveries. Many traders emphasize the
necessity of building up the exhausted
stocks of raw cotton and goods through
sible to do this, they say, on any price
basis which is not in line with what
has been called the "new valuation of
money" They declare the world must
come to realize that in the case of cot
ton, as with other commodities, fair
price to-day would be about twice as
high as the price of five years ago.
Particularly is this true, they assert, as
long as there is any doubt as to the
size of the coming crop.
Ihe :, market is extremely susceptible
has been too much wet weather, and
more rain was reported yesterday over
the central belt and east Gulf districts.
Warnings are being uttered by OBJ
servers of the market against too much
optimism regarding the demand for cot
ton from the Central Empires The
peace terms imposed on them are so
severe that they cannot be looked to, it
is said, for any large buying.
In the local market spot middling was
quoted at 29.50c, an advance of so
points.
Prices for future contracts follow:
NEW STYLE
New-York tribune., 1919-05-14
Wall Street Items

A. B. Meacham. Howard P Maeder and
Brown Bros. G. Co. to sign for them per
procuration" in New York, Philadelphia
and Boston.
Henry r. Johnston has been appointed
assistant to the president of the MercantiIe
Trust and Deposit Company, and John
j. Teal formerly with the Lehigh Valley
Railroad Company. elected assistant sec
retary.
Charles Miller. formerly Of the Galena
Signal Company, has been elected chair
man of the board of directors and of tho
executive committee of the Home OH Re-
hning Company.
Tho French American Banking cornor-
ation has leased the ground floor Of 65
william street and Will open for business
there about June l.
Scaled bids will be received by tho Cen
trail Union Trust Company until Nav is
for the first mortgage per cent fifteen
year bonds OF the Manati Sugar Com
pany to absorb $225,629 at a price not to
exceed l10 per cent.
This Todd shipyard Corporation has
notified tho holders OF the outstanding
notes OF tho issue OF $4,000, 900 five-yenr
8 per cont convertible that all the notes
hnvc bcsn called for redemption juno lb
1919. ~
Seymour /. Cromwell was elected vice.
Burr.
New-York tribune., 1919-05-14
LOree Discloses
''Concealed Deficit
Head of Delaware & Hudson
Tells How Road Was Starved
Under Federal Control

Nearly 80 per cent Of the Delaware &
Hudson Company's freight cars are now
on other lines, and 131 freight cars, dis
mantled by the railroad administration,
have not been replaced, L. F. Loree,
president, I'M formed stockholders at the
annual meeting yesterday
Mr.. Loree disclosed these figures in
statement in which he discussed the
concealed or physical deficit" as dis
tlnguished from the apparent or finan-
cial deficit under Federal operation.
The point made by the head Of the Del
aware q Hudson system was that the
lnadequacy of maintenance, both in
quality and quantity of material, was
vlous, than the governments failure to
strike balance on operation. In the
matter of maintenance of way, Mr..
Loree said, there has been a serious
falling off in the application of ma
terial.
During the test period" he added,
the average annual tonnage of new
rails applied was SILT tons. In 1918
the new rails applied were 5,836 tons, a
deficiency in tonnage of 2,281 tons. AS
suming price of $45 ton, the de-
AAtteney III money Woulo pe $1O1 ,o4o.
At the present time there is in stock
about two-thirds Of the amount applied
annually during the test period.
During the test period the average
annual tie renewals were 339,575 ties
year. In 1918 the new ties applied
were 241,504. The deficiency in numb r
was 98,o71, or 20 per cent. The average
price per tie in 1918 was SLIP, at which
the deficiency in money would be $1O9,-
839. Moreover, the quality of the ties
used in 1918 was much below that of
the ties used during the test period.
At the present time there is in stock
not more than 21 per cent of the ties
accumulated at corresponding dates in
the test narind -
New-York tribune., 1919-05-14
Plans Terminal
At Eastland, Tex.
Financial Burecu
Snccinl Corresnnndoaaco

ftnGnctGt BWreCu
Special Correspondence
EASTLAND, Tex, May 13.-Oil de-
velopment operations, and the conse-
quent big increase in building and
general business, have caused the
Texas g. Pacific Railroad to adopt plans
for the construction of divisional ter
minals here to cost 100000. Similar
improvements are to be made by the
Texas & Pacific at Ranger and other
points on its line in this part of the
state. While traffic congestion upon
all of the railroads traversing the oil pro-
ducing territory of Central West Texas
still exists there are indications of an
Improvement in the situation. Addi-
tlonal sidings and passing tracks are
being provided as rapidly as possible.
More equipment is being brought into
service for handling the shipments
and everything possible is being done
to relieve conditions which for a time
we're retarding oil development oper-
atlonS very materially.
New-York tribune., 1919-05-14
Mexican Banks Condition

Special Correspondence
MONTEREY, Mex, May ia state
ment issued by the Treasury Depart
ment Of the Mexican government says
that the twenty-four banks doing bust
ness in this country had on December
81, 1918, assets aggregating $41O, ,763, ,45O
approximately s2O5,3S1,729 in American
money.
Their loans to the so-called Huerta
government aggregated s51,79S,236;
loans to the Constitutionalist govern
ment, $53,761,702 in Mexican silver.
Liabilities were: Capital stock, $114,-
o24,0O0; reserve fund, $30,O3S,762;
provision fund, s11,365,o45; deposits
on sight, $21,319,363; deposit at three
days demand, 19,456,616; bills in cir
culation, 1929, ,984,1 Jas; conceded credits,
S3l ,830,193; impersonal loans, S52,745.-
$50; total, S410,763,459, Mexican.
New-York tribune., 1919-05-14
Several New Issues
Are Offered to Public
Rush of Corporate Financing
Continues; General Asphalt
Sells Stock

Additional new railroad and indus
trial financing, which was held off un-
til the Victory Liberty Loan was sue
cessfully loated, was announced yes
terday. Beside issues now made public
many others are under negotiation, and
bankers are also giving much attention
to the question OF the extension of for
eign credits for the financing of in
ternational trade.
The National City Company will to-
day offer $4,500,0O0 of the Michigan
Railroad Company first mortgage five
year per cent bonds at 95 and inter
est, to yield 7.21 per cent. The mort
gage, it is said, will provide a sinking
fund to retire semi-annually $4,000
of the issue. The present financing is
designed to help meet at maturity
$780, 900 Michigan Railway Company
first lien notes, which will become due
June /, 1919.
The Michigan Railroad Company, ac-
cording to the announcement, owns and
operates 1856 miles of electric inter
urban railway, comprising two di-
visions, one extending from Grand
Rapids to Kalamazoo and to Battle
Creek, and the other from Bay City
through Saginaw to Flint. The aggre-
gate population Of the communities
served by the company has been esti-
mated at 100000.
Kissel, Kinnicutt G. Co. and William
Solomon q Co. are putting out new
issue of S7,200000 of per cent cumu~
lativc sinking fund preferred stock Of
the Columbia Graphophone Manufac-
turing Company at 95 and accrued divi-
dends. Announcement was made that
quarterly dividends are to be paid on
the issue on the first day of January.
April, July and October, and the stock
is redeemable at the option of the
company at ITO and accured dividends
Francis S. Whitten, president of the
company, told the underwriters that
the purpose of the issue is to pay off
Sl,936,0OO first mortgage per cent
bonds; to retire S2,200,OOO serial 6 pei
cent notes and to supply additional
working capital. Upon the completion
OF this financing, Mr.. Whitten added,
the Columbia company will have no
mortgage or funded debt, excepting a
small purchase money mortgage for
$4,000, due in 1923.
A block of S3,5OOOOO of 6 per cent
gold notes of the Jewel Tea Company.
Inc, will be offered by Goldman
Sachs Co., and Lehman Brothers. The
notes, put out because the prevailing
high price of green coffee has REQUIRED
the use of additional funds, are of five
maturlties, varying from one to three
years, and the offering price varies
from 997s to 977s and the yield varies
from 6s to 6A per cent
New-York tribune., 1919-05-14
Silver Breaks Sharply

London cables yesterday reported a
decline from SO to SIS 1s pence an ounce
IN the price of commercial bar silver,
whereupon the New York quotation
broke sharply, falling to $1141a, off
5A cents an ounce from Mondays
high figure.
The swift fluctuations in silver have
created a condition of decentralization
in the market for the metal to the con-
fusion of both buyers and sellers.
Sales of silver were reported ycster-
day at $1.17, or 2h cents above the
so-called official quotation.
New-York tribune., 1919-05-14
The Dollar i'm Foreign Exchange

Exchange on Paris developed pro-
nounced weakness again yesterday, the
rate falling to a new low record of 6.26
francs to the dollar for checks and
6.24 for cables. No important improve
ment in the position of French ex-
change is expected, according to bank
ers, until the peace conference has
come to an end and private French
credits are arranged in this market.
Italian exchange declined in SYM
pathy with French, while the rate on
London was also shade lower. Neu-
tral exchanges were comparatively
steady.
(Quoted dollars to the pound)
New-York tribune., 1919-05-14

feel quite strongly that the time has
come when it will prove both wise and
profitable to proceed with great eau
tion and conservatism. We believe the
near future will see an important re-
action. The long expected formal end
ing of the war will come as a surprise
to no one, and when it is announced as
accomplished should be thoroughly dis
counted in the market.-Hartshorn
Fales G. Co.