davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11

Columbus g. Aug. lN-At midnight
returns from 15s9 Out If the total of
5000 precincts n the state gave this
vote Tor the Republican nomination for
governor Cole coca. Davis 96.gl6.
McCulucn 1b.616 Wood la50
Returns from 1856 our II 5000 pre-
clncts II ne state gave the following
vote for the Republican nomination
for United states senator Brown
70 SIS. Willis 2-919, Wanasnaker e557.
one thousand and twenty-four out
Of 6a0n precincts gave this vote for
the Democratic nomination for United
states senator in today's statewide
primary vote Julian 959T. ONel
-4-a.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11
WORKER KILLED
BY HIGH TENSION
WIRE AT HOULTON

EouIcun. Ne. Aug. 10.-The break
.ng Of high tension electric wire by
a stone hurled in j blast set off BY
road crew mere late today resulted IN
The death Of Isaac Chase. 4 member IF
the crew Part Of the wire fel! and
struck MN on the head. causing his
eIeCTroUut.on.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11

Pressure has fallen throughout the
east and Is rising rapidly N the far
northwest. This pressure disti1bu-
tien has been attended by general
showers east OF the Mississippi river:
normal temperatures prevail general
lv throughout the eastern states.
The outlook for the middle Atlantic
and New" England states is for
cloudy weather and local showers
and tnunderstorrns Wednesday and
partly cloudy Thursdav without de-
cided change in temperature.
Winds: North Of Sandy Hook.
will be fresh south 70 southwest
winds: overcast showery weather.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11
Shoot Two and
Escape with Jewels
in Cleveland. D.

Cleveland, O.. Aug. 10.-Three' ban
dts early today entered Sol Bergman $
jewelrv store On East Ninth street n
The heart OF the downtown section. shot
ana seriously wounded tw1 employees.
Frank SChuck and Jerome Sask.n loot
ed the safe of Jewelry and diamonds
estimated AT $50 value. and escap-
ed IN an automobile
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11
THE WEATHER
PARTLY CLOUDY

Northern New England. Partly
cloudy Wednesday, probably proceed
ed by showers in the morning;
Thursday fair, moderate south west
winds
Southern New England: showers
Wednesday; Thursday partly cloudy,
no temperature change.
Eastern New York: Cloudy N
north. thundershowers IN south pur-
non Wednesday: Thursday partly
cloudy.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11
Ponzi InSiste7t on SoLuencv
Confident Probes Findings
No Big Rush of Note Holders

-inancier is Guest BOs ton Club and Tells
Some of Steps by Which He Acquired Quick
Wealth = Still Maintains Basis Was Postal
Reply Coupons - Says Foreign Govern
ments Made Profit and Are Keeping Mum
Spectators Who B ought Up Notes on
Worry Rack-PonZi Promises to r esume
Payments On Friday--About 100 Note Hold
ers Answer Advertisement Attorney Gen
eral
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11
SYMPATHY FOR RUSSIA With
SCATHING DENUNCIA1ION OF
PRESENT BOLSHEVk RULE
UNCLE SANS POSITION

Washington. Aug. le-The Amerl-
can Government declared today for
the maintenance Of tina political IN
dependence and territorial integrity
OF Poland and against any dismern-
berrnenI Of Russia.
Preserve Boundaries
In note addressed 70 the Italian
ambassador, Secretary Colby, speak
ing with the apAova- anu consent Of
President Wilson. said the | nlted
States took no exception TO the
effort 70 arrange an arrlstire be-
tween Poland and Russia and would
regard with satisfaction a declar-
alton by the allied and associated
powers thai the territorial integrity
and true boundaries Of Russia
would be respected.
No Part in Arristies
The Government daily stated. how
ever, tlaT Il would not. al least for
the present. participate n any plan
Or the expansion Of the arnisrlce
negotiations into a general European
conference. because il would IN al
probability involve two results from
which the United States strongly
recoils'
The recognition Of the Bolshevist
regime
"A settlement az Russian problsns
almost inevitably upon the basis of
a disnen OerInent of Russia.
Answers Italians
The note was IN response 70 an
agreeable lntimaT-on from The Lta--
ian ambassador thar ms government
would welcome d statement OF the
views of the American government
on The Polish situation. Much of II
vas devoted 10 a statement Of the
sympathetic feeling # the Cnlred
States toward Russian people.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11

Berlin. Aug. 1o.-tBy tie A P),-
The north wing of the Polish army
destined 20 defend Warsaw on the
north. is dissoIving under pressure of
the fourth Russian army, says a spe-
cial dispatch 70 tine vossische Zeitung
from the East Prusslan frontier.
Accompanied by the FIRST ana Sec
end Caucasian ARTILLERY Corps. adds
the dispatch, the 12th. 18th and ATTN
Russian Divisions have crossed the
foremost lines held by tnis north
wing. The Russians are backed I'D
also by eight infantry divisions and
the Third Caucasian Artillery Corps.
Their movement supposedly Is direct
ed against Thorn
Up 70 this time the former German
boundary al the southern end Of the
Continued on Page Acoi. 81
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11
REDS 0WLY CRUSHING BACK
POLES BEFORE CITY WARSAW

extending two bridge heads they
held on the left bank below Drohlc-
gin.
French military opinion IS con-
vlnced the Poles viii be obliged to
abandon the Bug river where they
are still holding on. and fail back on
the Vis1ula. after making a brief
stand on the Vierprz river. Under
these circumstances the battle for
Warsaw would be fought IN Warsaw
itself
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11
BARE STATE SECRETS

In reviewing past events as EVIL
dence Of this sympaihy The secrerary
Of State disclosed some hitherto dip
lomat3C secrets
Mr.. Colby revealed that the Amer
lean government had Withheld It's ap-
proval from The decision Of the SUI
preme Council al Paris. recognizing
tha independence cf the so-called
republics of Georgia anu Azerbaijan.
because part of them were carved out
Of the old Russian empire
Armenia Boundaries
Il was also stated that the United
States had taken the position that the
final determination OF the boundaries
Of Armenia. winch the. President has
been asked by the Allies 70 fix. must
not - made without Russia CO.
operation ana agreement"
Il was further disclosed that the
United States had persistentIv refused
to recognize the Baltic states with the
exception of Finland. a once-inde-
pendent nation. because II held that
they were rightly d part Of Russia
No chopping Up or Russia
eve ara unwilling the note de-
clared that while i IS helpless in the
grip Of 4 Representative govern
ment whose only sanction IS brutal
force. Russia shall be weakened stin
further by a policy of disrnember-
nent. conceived IN other han Russian
interests"
Secretary CoIby's statement Of the
attitude IF the American government
N the face Of the threatened over
throw Of Poland by the Russian Boil
sheviki was unequivocal. He declared
that the people Of the United States
were earnestly soiicluous" for the
maintenance of Polands territorial
integrity and political Independence.
From this attitude We viii not de-
par" ne announced.
Pillage and oppression Of the Poles.
he later declared. would remove Rus
STA wholly out Of the pale Of the
friendly interests Of other nations"
Possible Understanding
The secretarys note was accepted
generally as evidence that the Clited
states and Great Britain and France
were al one n a determination 20 pre-
vent the absorbing Of me new Tepuh
lie into Soviet Russia. There appar
emily. however was a difference as
between the views 81. the British anu
american governments on me ques-
tons of dealing with the Soviet and
presentations of the true boundaries
Of the former Russian empire.
Nothing 20 30 With Reds
In declaring the complete sympathy
of the I nited states with me Russian
people Mr Colby N MS note denounc-
ed the Soviet leaders.
We can NOT Mr Colby said
recognize aold officia! relations with.
agents OF 4 government which is de-
ter7n;ned and bound 70 eonspire
against our institutions whose iiplo-
matte representatives VIII be the az
itators Of serious revolt. whose states
men say that thew sign agreements
with no intention Of keeping them
Mr.. Colby made II clear that the
nlze the present rulers of Russia had
nothing 10 do with any particular
political or social structure which the
Russian people themselves might see
III 10 embrace.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11
NO SPLITTING UP OF RUSSIA
AND POLAND A FREE STATE
STAND TAKEN BY AMERICA

Italian Ambassador in Receipt Of
Long State Document on US. Posi-
tion--No Recognition Red Regime
in Russia--Asks Allied Nations
See That Territorial Integrity
and True Boundaries of Rus
STA Are Respected
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11
Boston Forecast

Boston anu vicinity, Wednesday
showers; Thursday, partly cloudy;
no temperature change: moderate 20
fresh southwest winds.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11
.FTER DINNER ROLE

5--7e. LIZ I0-Charles Ponzl.
i, ANS . have Jumped from
----z-ar.rs poverty TO i multi mil
c~z.,ss ez-a-s n a few months
.-o.z1 leaL-nEs n International
os-s-e COUPONS. told members of
b z.w1-.s club today some Of the
.sc. = re process by which he
.-s 70 nave anassed his fortune.
....-E ~ 1~st appearance as an
..sr--.-ner speaker since he be-
IN u most liked of man N the
- vas = luncheon guest of the
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11
Confident Of Outcome

E.
Confident of Outcome
: opening his remarks Ponz
.e-a,e1 Us claim that he was SOL
a.: IA pressed confidence that
b: would oe suhstantlated by the
|eas-al ana state Investigators now
!, v2r2 ana mat he would be able
/ -nslne business II a few days.
T. -e.a.el now ne had hired a
Fl a=.ca. Used ms small capital
b -l--el;s BUSINESS schemes. and
H. Win II International reply
tc-po1 l.wars n front of him on
T. lesE. began % DO some think
b. = Cnal.y obtained financial
Issuance - sad. 70 Develop his
pa M spent thousands of dollars
i .o~e-E- ur~espondence.
Nckeis 70 Millions
.rG1G OUT. he said. that the
pcs. solpons ware being sold n
|r-eag- e9gEt.,es for the equivalent
!. ANS 4ad could be couv erted
r. postage stamps. Then all l had
& 10 vas Egure how many nlckels
rza5 million.
80 II touch with ne1-thar s
( .. as II gO-who were able 10
60 -1r he large amounts of
,'-2o1> different countries. They
; -. Win our money and used
1s:- s coIIa-e-a. to be redeemed
1.e-
Seeks 1unIic's Aid
-52 "anG!Cons were right I Of
{ reg -a borrow money from the
2~.-- 5ttared 10 per cent IN 90
.a's -2c would not promise to re-
,5s- notes n IS, though 7 thought
L-' .,--e+ weeks was about the right
IL aa1k ne money here. send
-s-1a1. ct me stamps and con-
'e~ '1am nro cash.
Started ne Securities Exchange
-si-aazr. was everything from
'sS-ae1t 70 Office boy. The second
p re- ! opened a gentleman from
"~l-2rr 9f Commerce came TO
'o investigate. He was
: -sHo -1a- my scheme was pos
N-ae'~ per cent of the people
.1ow about the international
ffar unions.
? Inspector Calls
. 7osrof1ice Inspector came.
ser nm It vas legal 10 buy an
| .ari,. ~aplv coupon abroad
: : -A1se = % stamps. He said
sssed MN 4 Il was 70 re-
2---ons Of the coupons. and
NJ Re would have TO de-
-'2e~ hey were stolen or
-7'f ~er nane from.
Redeemed Abroad
~. decided that r redeem
~ amps n TIE United States the
government might decide that
within rs jurisdiction.
'-~ vas M federal or state
I Eur me excha7ige rate
re = switzerland ana Nor
--- re Naer countries. so 7 de-
~-feern mem there
!, 15'''.- p M audience asked vt1v
!, 1;1or-tes had been unable
-aa -"-. evidence of such large
-',-<s ao.- coupons. Ponzi r.
M -ar=lEa governments real
; 7f Nc ne issue Of these pos
,;.as'es and are nor going To
1t1er governments how
-10-s -her have lssued "
1 International Postal Union
7'r 70 60 :" ne added.
Mercy WORKING in Europe
aS4a7 eoreign governments had
H-~ -s:z. ne replied. .Y1s thew
]. a'1s-taer have stopped the
/ 2n1re Cor public use. But
stop ny business. NJ
-4r-'pe IS working rpdav.
s0 7ere.''
@aasac-.uns n coupons. he
7+.'"av suffers a foss
r.. ne sald. a dollars
-. asan excnange. At the
B.. Eet 5 ltra- 7 would get
7rmal exchange With the
a- fo international reply
/ ''7Ie1 IN Page 11-coi. 4,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-11

competant Office and factory heip
will make your work easier ana more
profitable. An Augusta Want Ad will
get you better employees. Telephone
t55 ard ask for Journal Want Al
Taker
New-York tribune., 1920-01-04
"If at First---v

Question: have 800 shares of Maxim
Corporation, for which I paid 325. This
corporation went in bankruptcy months ago
and l received communications from a w.
g. Jason Waters, Of III Broadway, New
York. who claims to be the principal share
holder of the defunct corporation, advis-
ing shareholders of Maxim Corporation to
exchange shares Of Maxim for / Of the
American Tire Distributing Company Inc,
and a cash payment of $1.50 per share for
every share of Maxim 50 exchanged. He
claims this to be at the bankers price. /
would have to pay an additional $3.50 to
own Is shares of the new corporation. Would
you advise the exchange or would l be
better off by taking a total loss on my
Maxim Of 1925? M X.
Answer-The Maxim Corporation,
late the Maxim Munitions Corporation.
went into bankruptcy. After deciding
that the company was not adapted to
reorganization it was decided to try
something else besides manufacturing
shot and she'll. What should it be?
Why not automobile tires and other
articles appertaining thereto? The
very thing. So stockholders of the
Maxim Corporation, late the Maxim
Munitions Corporation, are asked to
pay an assessment and try automobile
tires and accessories. If this does not
work out successfully perhaps the
Maxim Corporation will find something
else
New-York tribune., 1920-01-04
Never in Investment Class

Question: now hold forty-fivs shares Of
Missouri Pacific preferred stock, which l
bought as an investment. They have not
declared dividend for some time. What
dend declared7 now have $4,000 which I
would like to invest in Q safe. secure, good
interest bearing bond or preferred stock or
stocks. Could you give me q list which can
be bought at good prices now w c. r.
Answer-Missouri & Pacific preferred
stock was. never an investment. It
never paid dividends and for that rea-
son was only q prospect Before the
government took over the roads Mis-
souri, Pacific was showing fair earning
power, and the preferred stock, which
became per cent cumulative after
June 80, 1918, appeared to offer good
speculative possibilities. To-day the
road is not earning its fxed charges
and at the moment the prospect of
dividends being inaugurated on the
preferred stock is none too bright. The
following securities offer substantial
yields Gall over 6 per cent, and some
as high as z per cent?. They are we'll
secured at present and in most cases
pay dividends on the junior issues:
United States Steel preferred, United
States Rubber preferred, Virginia
Carolina Chemical preferred, Central
Leather preferred, American Car and
Foundry preferred, General Motors de-
benture stock, New York Dock first A
per cent bonds, Wilson & Co. first 6
per cent bonds, Chesapeake & Ohio
general Az per cent bonds and Inter
national Mercantile Marine 7. per cent
bonds.
New-York tribune., 1920-01-04
Stocks Need Closer Watching

Question: have saved $4,000, which l
would like to invest In some good securities
to yield a higher rate Of interest than what
am receiving from the bank. Have thought
about buying four or five shares each of the
following preferred stocks, yielding about Z
Leather. United States Rubber, Virginia
Carolina Chemical, Endicott-J ohnson Would
like very much to know your opinion of the
above list. If you made any change, what
would you suzgest7 Do you think it would
be better for me to leave stocks alone and
buy bonds or guaranteed mortgage for a
safer investment? Would I obtain the full
dividend from the stocks mentioned il
bought in January u. E. H.
Answer-The preferred stocks you
mention are all we'll secured at this
time, but in purchasing such securities
it is necessary that you keep in touch
not only with general conditions affect
ing the stock market, but the affairs of
the companies in which you become a
stockholder. Generally speaking, first
mortgage bonds and guaranteed real
estate mortgages are safer, but they do
not, of course, offer the high yield of
the preferred stocks you name. For
the business man, however, We believe
the stocks offer good opportunities If
you purchase the stocks now you would
receive dividend on American Woolen
preferred April Is, Central Leather
preferred April /, United States Rubber
preferred January 81, Virginia. Caro-
lima preferred April Is and Endicott-
johnson preferred April /, assuming
the usual disbursements are made, as
we suppose will be the case.
New-York tribune., 1920-01-04
Big Deficit for ST. Paul

Question-As understand it the so,...
ment guarantees to the railroads sum so,.
to the average earnings for period Of ~.
years previous to taking over the Iins. I
have In mind the Chicago. Milwaukee 4 9,
Paul. During the period mentionsd ~ ~
railroad paid dividends on both ths sss =.
ferred and common stock. but since eovss ~
ment controi no dividends have been A.
bursed. 1t would appear that if TIE ms,
anty has been paid this railroad 49,
be In pretty fair shape. yet the common ~;
is now selling at about one-half the prs.v.
price,. E. B.
Answer-The amount Of coms.n.
ton allowed the Chicago, Milwaukes
st: Paul Railway by the government |,
$27,946,771 per annum. Interest chsrs,,
are about $18,767,1S6, leaving a bclssc
equal to Z per cent on the $l15,S45SW
preferred stock and about &c per esr,
on the SLIT 100000 common stock. r.,
the year 1915 St. Paul went into il,
surplus to the extent of s1.983. .42s h
order to pay the dividend on the com.
mon stock. In 1916 it earned S2OSS m
more than the dividend. In 1917. aits,
paying Az per cent on the common. i
had a deficit of SS,923,S45. The deficit
for 1918 was $17,192,84S, and for 1871
to September l the net operating il.
come was $16O,995, against s3.iSSAn
for the like period in 1918. Is It On,
wonder, then, that the directors hsw
not seen fit to declare dividends Il.
though the government guaranty b
sufficient to pay the full per cent o.
the preferred stock7 You can readily
see the difference In the two items, gcy.
ernment payments and actual earninn
New-York tribune., 1920-01-04
A High Priced Stock

Question-Will you please give your opin-
ion Of American Snuff =? Also, what do you
know of the Dwight Manufacturing Com
pany? 1t does not seem to be listed on the
New York exchange.-E. N. r.
Answer-The American Snuff Com
pany reduced it's quarterly dividend on
December 4 from 8 to 2 per cent, due,
no doubt, to a decrease in earnings.
The company has not made public its
income account for any part of the
year. In 1918 only 11.79 was earned
on the common, while the preferred
stock received IL per cent. The margin
was not enough to warrant the high div
idend. The stock appears to offer some
speculative possibilities. The income
account for 1919 will tell us much.
The Dwight Manufacturing Company,
cotton and woolen manufacturer, was
incorporated in 1841. The company has
been most successful, paying dividends
of $50 and an extra of SIS per share on
July l, 1919. There is outstanding but
$1,000 900 stock, par $500 share. The
stock is very closely held. A recent
sale took place at.$1, 1856 share.
New-York tribune., 1920-01-04
General Motors Debenture Stock

Question-The General Motors Corporation
Is Offering to preferred stockholders an op-
ton to buy for 500 cash and one share Of
preferred stock two shares of the new de-
bent1re be- stock to be issued. Can you tell me
whether this exchange is advantageous? The
present preferred stock pays per cent and
the new debentures offer per cent. Are
tthey as safe an investment or does preferred
have first call on dividends? Aside from
this, when this new lot of debenture stock IA
issued. will it affect adversely the value Of
the present preferred? That is, II one de-
sdes eide AGAINST exchanging preferred stock for
dtebentures, would it be wise to get out Of
the preferred altogether at present prices p
S. c.
Answer-The General Motors Cor
poration debenture stock ranks equally
with the preferred stock as to assets at
par as we'll as to cumulative dividends.
The only. difference between the two is
In the voting power, the debenture
stock having none, except In the event
Of earnings falling below 9 per cent in
any year on the total par value Of the
two debenture issues. If you are salts
fled with your investment in this com
pany we see no reason why it would be
disadvantageous to make the exchange.
The preferred and debenture stocks
should eventually sell on their proper
income basis.
New-York tribune., 1920-01-04
Middle States OIL

Question-Plcase state xny s,e.
you may have about Middle State al n =
Answer-Middle States Oil Co. {
ton is holding company with :. ~
thorized capital of $4,000, 600. par = -, 9,
$40. >There are included anon. ssae ssslae
shares some 81 shares which 81 sases
changeable ten for one. Tbs -. =
amount outstanding now is s2x7seol ~
The company pays IL per cent n.s u
mum. Dividends are paid month"; y Y
addition, the company pays stoci a. y
dends. Last year these stock div;asssl WV
amounted to 40 per cent. Its s.aal nr"s.a
ties are the Number One Oil Comsipssl'
the Number Seventy-seven Oil ~
pany and the Ranger Texas Oil Sss sa
pany.- Through these companiss g
corporation owns oil and gas Lease, y. Z
about 19,500 acres In Oklahoms -, =,
Texas, of which about 5000 acrs. 90 80
resent undeveloped but near prodr.,lp ~
land. 1t has twenty-four wells. vs,.l
produce about 900 barrels dailv .'s, .s,
about 100000 feet Of gas Is oht.,ssaa;, =;
from three gas wells. s'
New-York tribune., 1920-01-04
Bethlehem Motor. Corporation

Question: have for investment some
Bethlehem Motor stock purchased at 30
a share. While at present it pays no
dividend l am informed its prospects are
excellent. Can you enlighten me regard
ing the future of this security?-W. H. H.
Answer-Bethlehem Motors Corpora
tion is said to require additional facili-
ties for manufacture, so great is the
demand for it's trucks. 1t was stated in
November that the company was turn
ing out trucks at the rate of between
$500 and 4,500 annually and expecta-
tions were entertained for production
trucks Net earnings after charges are
reported to be at the rate of nearly
S1,000,000 a year, or equal to almost
SO share on the 100000 shares now
outstanding.