davidaulloa/AmericanStories huggingface dataset:
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1920-10-21
DanfOrth

DIR. Raynor Of st. Paul, visited
at the Wheeler home Sunday.
Ralph Smith spent several
days last week with his parents.
Mr.. and Mrs. Angelo Smith.
A brown wool shawl was lost
between the school house and
Percy Moores. The lost article
belongs to Mrs. Angelo Smith.
Twelve from the Danforth Sum
day school and three from the
Sandcreck Sunday school attend
ed the convention at Willow Pr
yer Sunday. Six Of that number
were also present at the Satur.
day session.
Rev. MacFarlanc of St. Paul
and Rev. E. A. Gabrael Of Duluth,
conducted services mt the school
house Thursday and Friday eve
nings. In spite Of the rainy wea-
Their there was a full house both
evenings. Those who were not
there missed two splendid servi-
cc9.
Rudolph Rydbcrg is making
splendid progress with his ditch
ing on the mile swamp. He is
at present listed with the Dan
forth bachelors. He thinks his
neighbors are very friendly. One
bear especially has tried to make
his acquaintance but as yet they
are both rather shy.
Those Of Danforth Interested
IN a farmers club met Saturday
evening with the County Agent
who helped them 70 organize.
The club will meet the last Fri
day Of each month. The follow
ing officers were collected. Guy
Hendricks. president: Ole Olson,
vice president: Gerda Wheeler,
secretary; August Johnson, treas
urer.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1920-10-21
Town of Norman

Miss Helen ,Teitz spent Satur-
day and Sunday at home.
Mr.. and Mrs, Arthur Sandgren
called at the Robert Tcitx home
Sunday,
Mr.. and Mrs. Robert Tetz were
visiting at the Joe lnhofer home
Sunday.
Mr.. and Mrs. f. Darncll spent
Sunday afternoon at the r. De-
vaul home.
Mr.. and Mrs. +. Darncll spent
Sunday evening at the VIM, Bon
min home.
Mr.. and Mrs. Leo Forsyth
called at the +. Dcvaul home Sun
day evening,
Mr.. and Mrs. Milo Current and
children spent Sunday evening at
the VIM. Bomin home.
Adolph and Mrs. Nelson, Mrs.
Kelly and Mrs. Darnell called at
the Van Kirk home Friday.
Several from here attended the
Sunday school convention at Viii
low River Saturday and Sunday.
0. +. Forsyth and Mr.. and Mrs.
Ogilvic were calling at the Pat
Shepard home near kerrick. Fri
day.
| Mr.. and Mrs. Hugo Bribo and
Mr.. and Mrs. Abe Markus spent
Sunday evening at the Joe Inho-
fer home.
Mr., and Mrs. ]. A. Ogilvic. Mrs.
Hanks and Miss Isabelle Ogilvic
called at the Robert Teitx home
Thursday afternoon.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1920-10-21
II amended As proposed II will read
as follows:

II amended As proposed II will read
as follows.
section 1926. Every railroad COM
pany owning or operating any line
Of railroad situated within or partly
within this state. shall. during ths
year 1913 and annually thereafter.
pay into the treasury of the sthte In
lieu OF ell taxes upon all property
within this state owned or operated
for railway purposes by such com
pany, including equipment, sppurten-
Ances. appendages and franchises
thereof. gum 81 money equal Of five
per cent 81 the gross earnings derived
from the Operations Of such lin. Of
railway within this state.
ON or before August Is. 1915. and
annually thereaf'er; each such rail-
to law, tru" and just return OF all
such gross earnings for the ak
months ending June 36fh. next pre-
ceding. and the aid tax % fise per
centum thereon snail become due
and pays BILE to the state Of Minnesota
in manner PROVIDED by law. on sept
euber lst next thereafter.
on or before February IS, 1914, and
annually Thereafter, each ouch raii-
road company shall make, according
10 law. true and just return of al
such gross earnings for the six
months ending December 3lst next
preceding. and said tax OF five pr
ccntum thereon shalt become due and
payable 10 the state o. Minnesota in
manner provided by law on March
Ist next thereafter and the payments
Of such sums at the times hereInbe-
fore set forth shall be in fun and In
lieu Of all other taxes upon the prop
erty and franchises so taxed.
The lands acquired by public grant
shah be- made and remain exempt
from taxation until sold or contrac-
It'd to be sold or conveyed as pro-
yided In the respective acts whereby
such grants were made or recog
nized p"
Under the present Law the gross earn
ings tax paid by railroad companies is IL
lieu Of ali other taxes and assessme mt
upon property owned or operated for
railroad purposes. Under the proposed
afne ndment such tax VIII be In lieu o
taxes only and railroad companies vii
become subject to assessments for ioca
improvements in the me way that pri-
vate persona and corporations not pay
ing a gross earnings tax. are subject r.
such assessments
The purpose Of said amendment Ia. an
its effect. II adopted, Will be to subject
railroad companies. paying gross earn
lngs taxes, TO the payment ct aAnEss-
nentS eor local improvements.
Yours respectfully.
CLIFFORD l. HILTON.
Attorney Csoogol
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1920-10-21

Beginning ct a point on Route No,
at DE- troit and thence extending !.
a nertheasterly direction 10 PONY
on Route No. westerly OF Grand
Rapids, arerding Detreit, Park RAP.
ida, Walker Remer Grand ia Ilus
a nd intervening and adjacent com
munities a reasonable means OF com
nunication. each with the o'Aei N'-u
other places within the state
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1920-10-21

Ber,nn,nx At a point er Route ~.
! at Fergus Falls and tfAncs eh.eno
ING IN an easterly direction 70 ~.
on Route No. ~ easreriy OF HennipE
.ffordinx Fergus Falls. Henning en"
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1920-10-21

Beginning at point on Route 70,
IS near Mile Laos Lake ana thehce
extending in no-therly diTection -
a point al Grand Rapids and t 5-ao
extending in no-theasteris
kim G GRAND Rapiis HI6bing CHS
holm. Bull. Mountain Iron. Nirsinla'
Gilbert. Mckinley, Biwaoik AuTo,a.
Tower and Ely and Intervening az az
adjacent communities rSasoaa.s
means Of oomrnunica tor, sacn WIN
the other ana other places WITHIN '"7
state,
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1920-10-21

of Minnesota Tor fhs year 1917. pFotDss.-
an amendment to Section ] Of Artcl" TX
of the constitution ~ said STATE. SAID
section now reads as follows
Section l. The power Of tkauon
shall never be sure ndered, suspend-
ed or contra cted away. Taxes suasl
te Uniform upon the same class OF
subjects. and saaIi be levied and col
lecte6 for public purposes but p0b.
Ac burying grounds. pnolic schooi
houses. public hospitals academies
cole ges universities and all seminar
les Of learning all churches. churcn
property, and houses OF wosfip. IN
stitution Of purely public kfarfty
and public property used eS~IQhVey
for any public purpose, shan % sx
enpt from taxation. ana there may De
exempted from taxation personal
property not sgceeding ~ value szVo,
Tor eAch household, indy idua! or nesa
Of a farnfiy as the legislature f,ey q
terrntra. Provided mat the iegsa
turs may suthorszs municipa oorpor
atoms TO levy and collect assess
nants for local improve upon
property benefited thereby witn out re
gard 10 q cash valuation ana PRO
videf further that nothing hsIsLh
contained shall be oOnstruso 70 AHsC
modify or repesi any existinE nw
providing Tor the taxation OF Inc
0Yoas earnings OF rRilroads-
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1920-10-21

Beginning at a point on Route 40,
80 at Thief River Falls ana thence
extending in northHester.y diree.
ton to a point on Route Ne ? az
Warren. afording Thief RIVER s!.s'
cent communities a reasonable means
OF communication. ea "a win the 9TH
or and other plares within the state.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1920-10-21

EoUte NO. %.
beginning at a point on Route No
, .aslerty Of Austin and thence ex-
tending in 4 aortherlT direction TO
point on Route No 81 at or near
kenyon arorcing Brownsdale Hav-
field. hodge Center West Concord
Kenyon and int -venirg and ada cent
communities a reS soma bic means OF
ccynrnunics ton. each with the other
and otaer places within the state.
Route No. 81.
Begin ming at q point in 4sntorvfne
Ard extending In A sputheriy dtrec-
too 70 Z point on Route No. south.
The Washington times., 1920-04-25
Qfour Titan Charm
How to preserve its
Clint and Clean

TIME type of the Painter - brilliantly pictured here by
Mr. Desch. Sueh wondrous hair of glorious hues =
such ne sensitive skin! What tender you need that
you shall always maintain your marvellous charm.
Learn what authorities painters themselves, will tell
you Maintain your natural beauty by the of DerKss
Rouge and DjerKiss Face Powder.
To attain the utmost Of beauty, Mademoieue, you will
them extravaganty But with skill and great you
will blend DerKss Charlotte Corday Rouge the of
your tender complexion You will finish refinement with
DerKiss Chair Face Powder, natural, so beauifng
Should you not be of this colorfl Titan type you will
consult the DerEss Chart 1t will wisely guide you the
selection Of the shade Of DerKss Rouge and Dss Face
Powder for your special type.
With DjerKiss, be assured you will find the charm
Sipreme--aways.
Whatever may be your ype-0lUays naturally. aloay,
wae-let the soft color and purify of DerKiss add their
wonderful bloom and freshness remembering that your natural
charm is your greatest charm.
The Washington herald., 1920-03-22
SPECULATION AND STOCK
EXCHANGE SEAT PRICES

One of the best speculations these
days is offered by memberships on
the New York Stock Exchange.
Seats are selling now around $93,-
900. 1t was only a few weeks ago
when they were quoted at s115,000.
the high record price for all time.
1t was pointed out Saturday in con-
nection with the application of the
Standard Oil of New Jersey for the
listing Of its common stock on the
exchange that the admission of
these issues to trading on the big
board will likely mean a large in
crease In business, which should
mean a further enhancement In the
value of exchange seats.
The prediction in some quarters la
that we are likely to see a price Of
S150.000 for stock exchange mem
berships in the course of the next
few years. There Is a possibility
that with the gradual enlargement
of the scope of the exchange. the
membership may be increased.
The trading list Of the exchange
has broadened rapidly since 1914.
There have been recent sessions in
which as many as 355 different
stocks have been traded in. Last
year some fifty new stocks were
added to the list. At present appli-
cations of Approximately 100 COM
panies for listing their securities are
now before the listing committee.
The Washington herald., 1920-03-22

Similarly with taxation. In near
ly every country, where large for
tunes were made from the indus
trial situation created by the war,
there has been an insistcnt demand
from various quarters for a levy
on capital to pay the national war
debts. Statesmen, who are ha-
rassed with budgets far In excess of
the taxes they are able to collect,
are only acting in a natural and
logical manner when they give close
attention to such suggestions. Such
a tax on capital would be a tax only
In name, and would virtually be
confiscation, but necessity drives
nations, as we'll as individuals, to
do things which, In former times,
they would not have considered as
within the range of reason.
In the case of the mnicipal bonds
of the German cities, We have a
situation which can be character
ized by no other name than to call
it gambling. 1t is said that several
of the better-known issues have
been sold in greater amounts than
actually exist. and that dealers who
have agreed to deliver the bonds
will find ii impossible to do so.
This will illustrate the hazy char
aeter of the business. No dealer
In municipal bonds of American cities
would be likely to be caught in such
a situation as this, but the al
legged possibilities of profit through
exchange appreciation later on have
led men who are otherwise con-
servative to commit themselves
without knowing for certain wheth-
The Washington herald., 1920-03-22
Speculation in Foreign Government Bonds
Has Reached Extremely Large Proportions

er they can secure the bonds want
ed or not.
1t is true that all the European
nations are hopeful Of quickly re-
habilitating their finances and of
resuming their pre-war place in the
worlds commerce. 1t Is also true
that they have already made re-
markable progress along these lines
in the face Of tremendous difficult
ties, particularly Great Britain,
France and Belgium. But the hopes
Of the civilised world that man
kind would draw lessons from the
war that would fesult In the aban-
donmeht Of huge armaments and the
withdrawal of millions of young
men from industrial life for serv-
ice In the armies seem hardly like
ly of realization. Instead Of de-
creased expenditures for these pure
ly destructive agencies. we see on
all sides a desire for larger armies
and navies. How these forces are
to be maintained " interest is to
be paid on the war debt now exist
ing is q problem that has not as
yet been cleared up.
1t is an excellent thing that the
American investment market should
have arrived at a point where its
vision covers the entire world in
stead Of merely North America and
Cuba, which for all practical pur-
poses were its former boundaries.
That the prosperity of our country
and it's freedom from the paralyZ-
ing destruction of war should re-
suit In benefit to the rest OF the
world IL something that every hon.
The Washington herald., 1920-03-22

3. The French REPUBLIC has never
defaulted in the payment of in
terest and principal of it's obliga-
tions, and its credit stands amongst
the highest Of European nations.
4. The population Of France in
1915 was as,74s.000. In times of
peace IS per cent Of the territory
Of France and Il per cent of its
people are engaged in agriculture.
The crops produced have an agsre-
gate annual value of about $1,000
600, 900. Between 1870 and 1880 af-
ter the Franco Prussian war, France
took her place as an Industrial ma
tion. The production of iron ore in
France increased from 2,s7s. 100000
tons in 1880. to 1S.5o0.00o, 900 tons
in 1910. Coal production increased
from 10000. 900 tons in 1880, to a.
600 900 tons in 1919. Today France
leads in the production of alumni
mum. supplying nearly the entire
output of Europe and three-fifths
Of the worlds production. Her ex-
cellent geographical position has
helped to make France one of the
leading commercial nations of the
world. The following figures rep
resent the value of her foreign
commerce:
1890. 81. $40. .ooe. .oooI1sIo. .s2.ss1. 900. 600
1900. 1,7s1. .ooo.o0el1s1s. 2.ss9,oo0, coo
The relative value of foreign
trade figured per inhabitant
amounts to s74.ss per capita. as
compared with s74.o2 for Germany
and $42.19 for the United States.
5. The increase of the tax budget
amounting to not less than $751;
100000 from 1870 to 1919. sums UP
In striking way the growth of
The Washington herald., 1920-03-22

The extreme activity in this mar
ket in foreign government securi-
ties during the last several weeks
is mainly the trend of the American
spirit always. to take a gambling
chance on anything that seems to
offer huge returns. However, In
some cases, particularly England
and France. there is still a susstan-
tial investment element behind the
bonds. and unless something drastic
takes place, there is reason to be-
lieve that these countries issues
will be paid in fun at maturity.
There are two main points for
an American to bear in mind when
contemplating the purchase of these
bonds-taxation and currency prob
lens. Several Of the former bel
hgerents are so far from a gold
basis, and have issued such vast
amounts Of paper currency against
the thinnest of gold reserves, that
1t would hardly be surprising IL
some revolutionary step should be
decided upon to bring a restoration
Of more normal conditions. If IL
should seem wise to the statesmen
of European nation to reduce the
theoretical conversion value of the
currency by one-half. the value of
these internal securities would be
cut in two, while the effect on the
external issues. which are expressly
stated to be payable in gold or its
equivalent, would probably be i'm
material.
The Washington herald., 1920-03-22
FOREIGN MONEY RATES
FIXED BY TREASURY

The Secretary of the Treasury has
fixed for the period March 1851.
1920, inclusive, the official rates of
exchange for army accounting pur-
poses as follows:
England: Sterling at 1915 to the
pound.
France Francs at '1a.5O to the
Belgium: Francs at 1870 to the
dollar. -~
= Italy:>LEe at 1900 to the dollar.
The Treasury Department has not
at the present time arrangements
with the Belgian. British, French or
Italian governments whereby the
rrencies OF those countries can be
obtained at fixed rates Throughout
the month, and such amounts as are
obtained from time to time by the
Treasury for the use of The army
will have to be purchased at the
current rates OF the day.
The Washington herald., 1920-03-22

est American hopes for. But that
does not mean that our financial
resources should be diverted toward
what may later prove to be only a
speculation in foreign exchange.
Genuine financing of foreign needs
is founded on a much flrmer basis
than that. and agencies are already
available through which any sur
plus of American investment capi-
tai can be utilized without the large
risk that may be involved in the
present haphazard methods Of pur-
chasing European internal bonds.
Inasmuch as II Is the Intention of
fhis article to deal with the specu-
lative as we'll as the Investment
elements of the French loans, the
following data compiled from re-
liable sources. gives q fair idea of
the past economic history Of France
together with data showing why II
may be expected that France will
be able to meet her obligations at
rar.
/. France Is on a gold basis. The
French national currency Is the
franc, which normally equals 1913
cents in United States currency and
usually huctuatcs between 1s.1S4
cents and 1s.417 cents. At present
through abnormal conditions
caused by the war the price Is only
about ~ cents.
2. The adverse trade balance, due
to larger imports and comparative
ly small exports, a direct result Of
the war. Is the chief reason for the
present depreciation OF the franc
exchange. Therefore the position
may be considered as purely techni-
cal. The following statistics of
imports and exports, will illustrate
this:
Imports. Exports.
1910. ...s1,3S4,116.000 sl,202, s32, 900
The Washington herald., 1920-03-22
NVARADO MINING.

knauth, Nachod & Kuhne, of New
York, have formed a syndicate to
underwrite the purchase and resale
of 10000 shares. par vaiue s20. of
the capital stock of the Alvarado
Mining & Milling Co. which oper-
ates one of the worlds great silver
mines. situated near ParraI, State
of Chihuahua, Republic of Mexico.
Associated with Knauth, Nachod
& Kuhne in the investigation Of
this company is the Mexican Inter-
national Corporation. organized by
prominent banking interests about a
year ago to investigate existing and
proposed enterprises in Mexico for
the purpose of purchasing, financing
or acquiring interests therein. The
Alvarado Mining & Milling Co.
financing is the Mexican Interna-
tiona's initial enterprise in Mexico
and after an exhaustive investiga-
tion of the mines and properties
owned by the company the Mexican
international Corporation has ac-
quired a Substantial stock interest
in the Alvarado Company and will
be represented on Its board of di-
rectors by its president and vice
president.
The A1varado Mining & Milling
Co. after the recent readjustment
of its capital has an authorized issue
of 10000 shares par value $50
each, Of which $4,000 shares are is-
sued and outstanding.
The company has no bonded in
except $4,000 first mort
gage bonds remaining from an au-
thorfzed issue of $4,000 the re-
tirement of which VIII be effected
on July /. 1920. II has no notes
or preferred stock. After giving
effect to the present financing, the
cen pany will have net quick assets
In excess of s2,oo0.o00 for the fur
ther enlargement of its operations.
The company was organized In
Maine in 1910 and is protocoli4ed in
the Republic of Mexico. The prop
erty Is one of the worlds greatest
silver mines. Production. for 1913
and 1919 was in excess of 2,000,-
900 ounces of silver each year.
There are $4,000 shares .unissued.
which Will remain available for the
and development Of ad-
ditional properties.
The Washington herald., 1920-03-22

wealth in France, only a quarter of
the sum, approximately $12l. 200, 900,
having been derived from new
taxes. The balance has been auto
maticaliy obtained from the increase
in taxable property. which means q
proportionate increase in public
wealth. France saves s1,000, 0,o0e. 900
annually; Is per cent of her income
The total national wealth of France
in 1915 was $60,is1,Ss0,00o, while
the debt as of July 81, 1915. was
$i3,s65, 100000. The practically un-
riches of Frances immense
colonial possessions, covering more
than 100000 square miles and in
habited by 55,Oeo.ooo people. must
be added to the several elements Of
her great economic power.
6. France has 700 miles of road
for each 100000 inhabitants, as
against 900 miles in Germany. In
about thirty-five years all the ex-
listing railroad concessions will ex-
pire and the government will come
into possession of this wealthy sys-
tenn of roads free of all debts and
encumbrances. The value of these
reads exceeds $4,000. 10000 and
could be realized now il the gov
ernment extended the concessions.
Z. France Is a highly centralized
and democratic country. The ma
tional budget provides for all the
important needs of the country,
such as roads. canals. courts.
schools, universities. telegraph and
telephone service. The cities have
comparatively small debts.
s. The 3 per cent Perpetual Rentes
sold at an average price of about
se between 1905 and 1919. Pres
entity they are quoted at about So.
There is every reason to believe
that with the return of normal con-
ditions these bonds should sell we'll
up around par again.
The Washington herald., 1920-03-22
WEEKLY BANK CLEARINGS.

Bank cIearings for nifty leading
cities of the United States for the
week ending Thursday, March IS.
as reported TO Brndstreets Journal.
aggregate ss,451,575, 900. a gain OF
1871 per cent over last week. and
OF 27.s per cent over the like week
last year. Outside OF New York the
total Is s4,100. s1s.00e. an increase
OF 1o.s per cent over last week and
OF so.2 per cent over this week last
year.
New York shows q rise of &c per
cent. Fofty-nine cities report lar
ger totals than last year. while only
one exhibits q loss.
Chicago reports a gain of 37.7. per
cent, Philadelphia 2s per cent. Bos-
ton 11.6 per cent. Kansas City 407
per cent. st. Louis 10 per cent, san
Francisco sl.1 per cent. Pittsburg
15.f per cent Cleveland 25.e per
cent Detroit ss.S per cent. Balti-
The Washington herald., 1920-03-22
BANK OF ENGLAND AND
IMPENDING GOLD MOVEMENT

In planning shipments of gold to
the United States in anticipation of
the Anglo French maturity next
october. Great Britain may dispatch
the metal in relatively small
amounts to Ottawa, Canada, where
it can accumulate until the fall. BY
first placing the gold in Canada in
the custody of the minister of
finance. instead of sending IL direct
to New York, it would be possible
for the Bank of England to include
the expatriated gold as part of it's
reserves right up until October Is.
Moreover, It was pointed out that
1t will be difficult for the two gov
ernments to know until close to the
time Of the maturity precisely how
much gold will be needed. III the
gold were in Canada. counting as
part of the reserves of the Bank OF
England, 1t would be feasible to ad-
just the amount of the shipment to
New York according to changing
needs without delay.