davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30
AUTOMOBILE NEWS

tributors for the Hudson and Essex
line, had occasion to call az the high
school.
IT required some time to stop the
car and climb the flight of steps
leading TO the principals office. so
the dealer, confident in the ability
of his car to make the climb, head
ed the sturdy Essex up the steps,
and without faltering it climbed the
steep flight while a small army of
school children looked on and
shouted approval. AS the Essex
reached the first Landing the cam
era caught the car.
While ii is not frequently that an
automobile driver has occasion 10
put his car TO this guelling test, It is
a satisfaction to know that the car
will accomplish the feat if neces-
sary. The Essex since it's introduc-
ton some time ago has proved one
of the sensations OF the automobile
world because OF its wonderful
power, flexibility and endurance
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30

cause the present expansion is world
wide, while that OF the 6Os was con
fined 20 the United States.
The mixed character Of the price
situacioa now is Illustrated by the
fact that copper is down from a high
war price Of So or SO cents. and a
government fixed price OF % cents
to a presence price of Is cents; while
coffee, which remained comparative
ly stationary during the war, has
now risen quite sharply because OF
the prospective renewal OF the Eu-
ropean demand
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30
Growth of War Currency
And Bank Deposits
@ of gold cover to currency notes

Note-The increase in deposits is
1918 over 1913. except for Japan
and Germany, where 1917 figures are
the latest available. British deposits
are estimated, and the increase for
the United States is our own esu-
mate. No late figures on bank de-
posts IN Russia or Austria are OBJ
tainable-
Taking the four great nations now
really control the worlds destlnies,
Great Britain, United States, France
and Italy, we find that the gold cover
for their currency notes, according
TO these figures, is now about ESQ
against $3.50 in 1914, while their
bank deposits are about pa times
those of 1913.
In the principal neutral countries
a different condition prevails. Their
gold cover for notes is now about
500 against 500 in 1914: but their
bank deposits. so far as figures are
available, show as great an increase
as those of the belligerents.
II is plain that the situation in
Russia and Austria is one of de-
moralization. That in Germany is
hazardous, and that in Italy would
be hazardous if it were not for the
strong backing afforded by other en-
tente nations. Japan, the United
States and the neutrals. on the other
hand, are as strong as ever from
the banking standpoint.
This tremendous quantity of cur
rency and credit, expanded to meet
pressing war needs, cannot be rap
idly reduced. After our civil war, in
spite OF the flood of paper money
then issued, the actual quantity of
currency Of all kinds was reduced
but little-from s715, 900, 900 in 1865
to $3.50, 100000 in 1S67-and there
after continued to increase. slowly
until 1878, more rapidly after that
year. The country grew up to its
currency.
AS yet the world at large has made
! little Or no progress towards re
ducing It's currency or its outstand-
| ing credit. What the outcome will
be in Russia, Austria and Germany
no one could attempt to predict. In
America, England and France the
probabilities favor a slow reduction
in paper money, but il is quite pos
sible that outstanding bank credits
may have reached a new high plane
from which they will recede but
little.
Under these conditions il is not
surprising that average commodity
prices the world over have declined
/ but little. If any sort of goods is
plentiful. it's money-value falls: if
money is plentiful, its goods-value
falls. or as we commonly express it.
/ prices rise. This is, Of course, an
underlying rather than a direct
4 factor in prices, and it does not al
ways operate Immediately; but it is
a very important factor because il
affects all values taken together and
must eventually make itself felt
1t is for this reason that we have
consistently expressed the view that
the fall Of average commodity prices
after the war must De gradual. II
was gradual after the civil war and
it should be still more so now be-
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30
FINANCIAL
Oil Notes

concessions for exploiting the oil
fields OF Costa RIGA and the Repub-
lie OF Panama, a 10000 barrel re-
fnery at New Orleans, a 5000 bar
rel plant building at Houston, Tex.
tank steamers. tank cars, pipe line
and other marketing equipment and
~ working with Sinclair Oil in de
velopment or an immense acreage
owned By the Texas & Pacific Coal
q Oil CO. in the new oil regions OF
north central Texas under an agree
ment whereby the Sinclair interests
share equally in production.
Total holdings Of Sinclair Gulf in
the mid-continent field are about T.
coo acres with a production around
O.0O0 barrels a day. and with its
pipe line system, two refneries at
gulf pOrSs and additions being made
TO its tank steamer feet, the COM
pany is in excellent position 10 COM
mand an increasingly large export
business.
The stock affords tremendous
speculative possibilities that are only
beginning TO come TO light
Prevailing price 1926. 1913 high
s24. 1917 high S4025.
SINCLAIR OIL.
The strength in Sinclair Oil in the
past few days is probably not due to
any immediate specific development
but rather TO a number for a gen
eral rounding out Of the companys
system OF producing. refining and
distributing oils. II is understood
that the management is planning to
consolidate Sinclair Oil with the
Sinclair Gulf.
Such a combination would be Of
considerable benefit to both com
panies but the Sinclair Gulf should
reap the greater benefit for the
reason that, while the Sinclair oil
would thus be given an outlet 10 the
gulf ports. the Sinclair Gulf corpora
! tion would have an outlet for its
product over the Sinclair Oils Chi
cago pipe line to Chicago and to
| Kansas City over the Kansas City
/ line.
Any such combine. however. will
| increase the value OF Sinclair Oil as
/ il will be in line with the plans Of
/ the management to make this COM
pany the most important company
I in the mid-continent field IN addi-
\ ton to this merger the Sinclair Oil
: has been a buyer Of oil lands in the
/ Ranger district of Texas and IL is
understood that about 800, 900 acres
have been acquired in the past year.
The activity in the stock has all
] f1a F-lr Cf lot he
issue has not been particularly ac-
tive while other oil issues have been
sailing into higher ATTITUDES. Yester-
day over $4,000 shares were traded
in and this mornings market is fea-
tured by the activity in this issue.
It is well TO note that in cOnnec-
ton with the notes which the com
pany SOLD more than a year ago,
warrants were issued which gave the
right 10 subscribe to new stock at
various prices. For each 81 900 note
there was a right attached giving the
privilege to subscribe to % shares Of
stock at S45 per share. but the right
to purchase at this figure expired
Aug. I, 1918. The right TO purchase
at $3.50 per share holds until Aug
1. 1919. and 20 subscribe at $50 per
share up TO Feb. I. 1920. Thus none
OF the stock which can be purchased
through the warrants will come on
the market until the stock reaches
a. 1-2 and with the company show
ing steady progress in its develop
ment and marketing campaign il is
VERY unlikely that much stock will
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30

-FtHs OF the purchase or = s5VWtUuD
shares OF the stock Of the Mexican
oil Co, BY the Royal Dutch Co. both
foreign concerns. has brought into
the foreground the question OF prob
be mergers involving a number OF
large independent American oil
companies.
The burning question OF today IS.
How may America best cope with
the worldwide demand for petro-
leum and its p-oducts?" The oppor-
tunity TO expand in foreign fields is
presented in a larger way than ever
before. and il il recognized that only
The biggest and strongest com ina %
items OF capital and resource will be
able 20 make the most Of this oppor-
tunity.
Consequently the time is ripe for
some % the companies whose ener-
gies have heretofore been concen-
trated in building up domestic or
ganizations 20 consolidate with other
companies which have export facili-
ties.
One OF the mergers which is talk
ID about as most probable. involves
the Sinclair oil & Refining cor
poration. and the Sincla'~ Gulf cor
poration. The former has enormous
resources but its BUSINESS is con-
fined almost entirely 20 this coun-
try, whereas the latter Is already en-
Gaged in the export field. having a
large fleet OF tank steamers Both
companies are under the same man
agement and there should be no diff
iculty about a consolidation.
Another company mentioned as a
nucleus for a big merger combina-
ton is the Cosden Co. This concern
has itself grown into a very power
ful organization In the last few
vears. and while il has an export
outlet through it's afiliation with the
Union Petroleum CO. OF Philadel-
phia- there is no doubt that il car
greatly strengthen its position in
foreign fields by obtaining additiona
producing ahd refining facilities.
SINCLAIR GULF.
The advancing movement in Sin
clair Gulf. which has reached az
high as $3.50. or "A jump Of s. pei
share since our review on this page
without interruption.
As previously set forth, the rea
sons for this appreciable advance arr
the prominent part the COMPANY
is taking in the Texas fields and tn,
posi- bilities open TO the company fO1
an enormous export trade that viii
10 strengthened II the talked-o
merger with Sinclair OF is pu
through.
II is said that Sinclair Gulf will e,
into the merger on the basis OF 50
per share and while strong enough
Of itself-The Freeport & Mexican
Fuel Oil Co, a subsidiary, IS tn
third largest producer in Mexico. to
gether with other outstanding fea
tures-sfi1 the consolidation SHOULD
prove advantageous to both com
panies as its producing. refining an'
distributing facilities would give It ;
scope or operation exceeded by fev
other organizations.
Sinclair Gulf is now the thir,
largest American owned exporter o
oil from Mexico and in addition Z,
it's most valuable asset. control o
the Freeport& Mexican Fuel Oil Co
which is sharing TO a remarkably
extent in the expansion OF the Mex
can oil business, the company hold
valuable and extensive properties II
the mid-continr.. Geld especially il
he Hominy, b..ahOma, district,
half interest in 5000 acres in tn
Damon Mound field OF Texas. con
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30

Re offered at this figure.
The notes which carry the war
rants are selling today at around 102
- and the notes without the war
rants are quoted at about 81. This
indicates a value OF about $50 for
the warrants showing that the war
rant holders consider the right tc
subscribe TO new stock as having q
considerable value.
Prevailing price $42.25. 1918 high
$50. 1917 high S63.75.
The Associated Oil Co. has de-
clared the usual quarterly dividend
Of S1.25 a share. payable April Il
TO stock OF record March q.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30

ter OF the company's management
and activities the advance in the
stock at this time amounts TO a vote
of confidence in the future Of Amer
lean industry. American Interna-
tional now pays dividends at the
rate OF $3.50 per annum, but there
is strong talk of either a dividend
increase or the distribution Of a big
stock dividend amounting to per-
haps 40 percent.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30
Announcement!

NJ. LEWIS, recently of
Chicago, but a former
resident of South Bend,
announces the opening of
a modern Radiator Repair
Shop at
124 s. ST. JOSEPH ST.
Expert Mechanical Work
and the best service is
his motto. He will guar
antee satisfaction and low
est prices. Give him a
trial on your radiator
work.
HOME PHONE 6124.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30
LEE RUBBER & TIRE.

Report OF the Lee Rubber & Tire
corporation for 1918 showing but 50
a share earned on the stock was a
distinct surprise. Earnings in 1917
were but % cents a share.
Increase in earnings applicable to
dividends was remarkable, but a
further increase is looked for this
year.
Prevailing price s25. 1918 high
s24. 1917 high $50.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30
STUDERAKER.

Studebaker corporations earn
ings last year for the outstanding
$4,000, 200 common stock after all
deductions including war excess
profits taxes of s1O.3S per share as
compared with $9.11 in the previous
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30
NEXT JULY.

This is the way &. ". puts #:
This is his own, his native land,
Yet next July ne al nobly stand
With a pink sundae ia his han1
And genaly murmur: Amt
grand -
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30
VERY TOUGH.

Tough guy. amt you"
ats this way pardner. Even when
baby the only rattle 7 ever had was
Sun xx roa. ct o1en = rattiesnake."
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30

SEEDS.
Corrected Daily by Warner Bros Seed
Store.1l4 Z. Wayne st
BLUE GRASS-$3.75.
WHITE CLOYER-$320o to SS5.
ALSIKE-$23 to $500.
JAPANESE MILLET-S250.
SWEET CLOVER-S1S.0O.
MAMMOTH CLOVERC$30.00
ALFALFA-S15.00.
FIELD PEAS-S3.5O.
COW PEAS-S3.5O.
RED CLOVER-$27 TO $50.
TIMOTHY-$5.25 to 1915.
CORN-S45O.
RED TOP-S3OO.
SPRING RYE-S240.
SOY BEANS-S4O0.
WINTER OF HAIRY BETCH-S12 90.
POULTRY AND MEATS.
(Corrected Daily by Jimmie's Market
IFS r. Jefferson Blvd
BEEF-Roast, 30@50c; boiling, zoe;
porterhouse. coo; sirloin, $4,000
LARD-PaSing. 29c; selling. CSC.
HAM-Paying Zoe; selling 4Oc TO zoe.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30

GRAIN AND FEED.
corrected Daily by o. w. Burrsn, Starr
MfIla Hydrnulir AVl

OATS-Paying 60c: selling DOC per bu.
PIG FEED-Selling $500.
BRAN--Selling $2.2J per hundred.
MIDDLINGS-Sell S2.75 hundred.
CHOPPED FEED-Sellng, $500 per
cwt.
SCRATCH FEED-Selling S3.75 per
ewt.
WHEAT-Paying $3.50
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30
HAY, STRAW AND FEED.

Corrected Daily by the Wesley Miller
Flour and Feed CO.. AGO 5 Michigan.)
HAY-Paying SD to So, selling $50
TO $50
STRAw-Paying 50 to s12, selling 75c
bale
OATS-Paying coo: selling Toe TO 75c.
SHELL Complying S14O; selling
81 50 TO 500
EAR CORN-PayinK s1.25. selling
81. 20 TO S1.70
TIMOTHY SEED-Paying s. per bu /;
selling $50.
ing 81 per bu.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-30

LIVE STOCK.
Corrected Daily by Major Bros, 9. Lo-
gan ST., Mishawaka-)
HEAVY FAT STEERS-Fair to good
S610c; prime, 12@14c.
HOGS-130@1JO lbs, Ice; 150d 17J
lbs, lie; TO up, 1712c.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-05-08
ARROGANT GERMANS BROUGHT Low BY PEACE TERMS;
AUSTRIA, BULGARIA AND HUNGRY BROUGHT TO ACCORD
FARMER, HERE'S.
BOND ARGUMENT
by E. F. sURozIER.

OF every 500 Crisp spends G.r
paving her roads, the federal
government pays $40 OF that
ten dollars left to Crisp county
Cordele district pays seven:
Seventy percent of the taxable
property in Crisp county lies
in the Cordele district The
other three dollars out Of the
twenty is paid by the county tax
payers outside Of C1rdele dis
trict. The whole of Cordele
wants permanent roads and is
willing to pay for them.
The whole county wants them
and is willing to pay for them
But the farmer who is really
getting an advantage in paved
roads must help win. He must
tell his neighhor that we are
paying the half of it to the fed
CIdl SUNC III LiACo NliCNil-
er we use ours or not. The
government is not going TO put
down its dollar in Crisp't roads
till we put ours down. The
farmer gets a big road improve
ment while he puts down three
dollars in every twenty used
Don't worry about your road.
Paving is too good thing not
to come your way Don't pull
back. Vote for bonds next
Thursday,-just one week from
today
Mind you, not dollar Of the
bond money is to be spent with
in the corporate limits Of Cor
dele, unless it should be for a
fractional part of your own
main highways.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-05-08
D. ". HARVARD IS
DEAD IN DOOLY
PIONEER CITIZEN PASSES AWAY
AT AGE OF 73.

D. w. Harvard, pioneer citizen of
Dooly county, residing six miles east
of Unadilla, died early Wednesday
morning at the age OF 73 years. He
sustained a stroke of paralysis and
this proved his final battle.
He was the father of Dr. V. o. Har-
ward of Arab, Paul Harvard of Una
dilla, Hugh Harvard of Atlanta, and
Clayton Harvard of Cuba. His wife
preceded him to the grave three years
ago.
The funeral services occur this
afternoon at Harmony church in Doo'
ly county Rev. w. F. Smith of Cor
dele will conduct the funeral.
Mr.. Harvard was member of the
Methodist church for many years, a
citizen of high esteem and value in
the development and progress of his
section. and represented his county
in tie Legislature two terms, 1898 and
1900. He was a Confederate vete-
ran. Many citizens throughout this
section will be grieved to learn of his
death.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-05-08
BIBB SOON TO MAKE !
START ROAD PAVING

Macon, Ca, May S.-Work is to
~ ss~ss Aessath--I 4
start shortly on paving the Houston
and Forsyth highways in Bibb comfy
which for ma part of the ixie High
way from Atlanta to Florida. Word
has just ben received from Washing
ton that "a 100000 Federal fund is
available now for that purpose for
which will be added 100000 by the
county, raised through the issue of
bonds, approved March 6, by the vot
ers of Bibb county.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-05-08
HUMANITY COMES
FOR ARROGANT
WAR-LIKE HUNS
HEAD OF GERMAN DELEGATI0N
FAILS TO RISE
WHEN MAKING ADDRESS
Lloyd George, Wilson and
Clemenceau Put Heads
Together in Anger.

Versailles, Wednesday, The
scenes at today's session of the peace
congress when the terms of the treaty
were presented to the Germans was
impressive ard the function was not
without it's tense moments. Indeed
the entire half hour which it took
Count Won Erockdorff- Rantzau to re
ply to Clenenceau was period Of
tenseness for President Wilson,
Clemenceau Lloyd-George, and in
fact. all those present.
The -German interpreters did not
fell to bring out with full emphasis
every sharp phrase in the German re-
ply. The three allied statesmen put
heads together in evident anger sew
eral times as if celebrating On the
ACCESSIBILITY of an immediate reply.
When Won Brockdcrff Rantzau be-
gan to speak the voice OF the interpre-
ters could not be heard at the head
of the peace table and the two Ger
man officials finally left their places
and moved to the head of the table tC
deliver their bold and frequently of
fensive message, sentence by sen
tence right into the faces nf Clemen-
ceau, Lloyd George and President Will
son.
The interpreter who gave the En-
glish version made the most of his
opportunity both in voice and selec
tons of words and the bold, unrepent
| ont declarations of the German peace
delegates as brought out gave rise to
a murmur of Indignation in the
chamber.
| Clemenceau, however, arose and put
the customary question has any one
further observation to make?" There
was no response and the session clos
ed.
The allied triumpirate remained
after the Germans left for half an
hour in a discussion of the new sit
uation. The scene in the hall lacked
pomp and glitter of previous peace
conferences, but seemed to gain i'm
pressiveness by these very circum
stances. The Germans entered the
chamber without any show of nervous
ness but there was some confusion
as they were finding their proper
places.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-05-08
AUSTRIA MUST
PAY 5 MILLION
CROWNS FOR WAR
ALLIES WILL LEVY HEAVY IN
IDENTITIES
COUNCIL OF FOUR ON PLANS
Will Present Terms to Aus
tria, Hungarians and Bull
Garian Delegates Soon.

Paris, May 8.-(Associated Press. }
The Council of Four with Premier
Orlando present began today to ar
range program for the presentation
of peace terms to the Austrian, Hun
garian and Bulgarian delegates, ,Por-
tons OF the Austrian treaty have al
ready been drafted.
1t appears that considerable. sum in
INGENUITY will be demanded Of Aus
tr!a, the present estimate being five
billion crowns. The frontiers between
Gefman-Austria, Italy and probably
Il Adriatic settlement, will figure
in the Austrian treaty.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-05-08
CHINA AROUSED
OVER SHANTUNC
BOYCOTT OF JAPANESE GOODS
is BEING PLANNED.

Picking. monday. Associated
Press National sentiment has been
aroused at Peking and throughout
China over the peace conference de-
cision regarding Shantung The press
is united in demanding that the ter
ritory be returned unfettered to
China A boycott of Japanese goods
is much discussed in official circles
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-05-08
AMERICANS ASK HOW DOES 1T
AFFECT US
LEAGUE IS INCLUDED
People Note That Wilson
Succeeded in Making
Covenant Part of. Treaty.

Washington, May 8.-The eyes of
the world today are focused ON the
treaty of Vervailles. Statesmen and
diplomats everywhere are turning
over phrases of the summary to form
their opinions. In the United States
the questions being asked are, how
does it affect America? Will the
the Senate raitfy it? Will Germany
accept it? There are few authorita-
tive expressions from official Wash
ington
One point seemingly generally ac-
cepted at the first glance was that
President Wilson has successfully car
ried out his determination that the
League of Nations covenant should
be an inseparable part of the treaty
and that the whole document must
stand intact as it comes up for rati-
fHation or rejection.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-05-08
Day of Humiliation

London, "wednesday AFTER the
Versailles conference Premier Hughes
of Austria, according to Reuter- dis
patch said 1.-The attitude Of Count
Won Brockdorff-Rantzau was intoler-
able and an insult to the conference,
for, while Premier Clemenceau spoke
standing, the German spokesman did
no trise. In spite of their arrogance
this has been a day of humiliation
for the Germans which we could see
had entered into their souls"
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-05-08
CROUCH breaches
AGAIN TONIGHT
MRS. BLANkENSHIP ALSO HERE
MAKING SPLENDID EFFORT.

DR.. Austin Crouch breaches again
tonight, dealing with distinctive Bap-
fist doctrines. He has proven a man
of strong power as a speaker here
and has won his way rapidly into the
hearts of those who have heard him.
He speaks tonight and tomorrow
night.
Mrs. Blankenship will conduct a
mothers meeting tomorrow afternoon
which should be attended by all the
ladies'. This is a special feature of the
institute work to which the pastor
calls the attention of all members.
Mr.. Henderson left last night fol-
his home in Nashville and DR.. Upper
went be- to Orlando.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-05-08
NEPHEW OF MRS. ROBERTS
WAS HURT IN MACON

Miss Nellie Roberts and Mrs. How
ard White received a message late
yesterday indicating that their ne
phew, Alvin Roberts, had been seri-
ously hurt in Macon during the after
noon. The nephew is a son of Alvin
Roberts, brother of the two Cordele
ladies'. Friends here hope the acci-
dent will not prove fatal Miss Nellie
Roberts went Immediately to Macon.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-05-08
Balloon MAKING Trip

New York, May Stalking the air
with three transatlantic seaplanes
the big navy dirigible airship C-5 sail
ed away from Rockaway Beach today
with its destination unannounced. At
eleven-thirty the naval balloon was.
reported passing Bridgeport, Conn,
heading northeast.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-05-08

Paris, May S-The general COM
ment of the French newspapers on
the treaty is that the honor of France
is satisfied and the efforts to autho-
rize and give satisfaction to the legiti-
mate claims Of the nations wronged
by German aggression are acknowl-
edged.