davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
STOREY CALLS ATCHISON
INCOME SATISFACTORY
Head of Road Says Freight
Business Is Less.

w. b. Storey. president of the Atchi-
son, Topeka and Santa Fe Railroad, de-
clared yesterday that it's earnings were
satisfactory. but had been cut sharply
by many complications concerning intra-
state rates and because the new rates
had not been allowed or become effective
In all States.
There has been a falling off of freight
business" he declared "but no decline Is
noticeable In the passenger end. : The
freight reduction is caused by the ten
dency of farmers to hold wheat and cot
ton for higher prices. but eventually the
products will have to be SHIPPED
g. In reference to the need OF railroads
for new money. Mr.. Storey said that
every road always needed new money,
but that there was a disnclination to
look for any now. with the cost of ma
terials doubled and the cost OF money
twice as high as II used to be.
Mr.. Storey said that no reductions in
Atchison's working forces were contem-
plated
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
CENTRAL OF GEORGIA
SEEKS BOND ISSUE
Proposes 500. 900, 900 Refund
ing and Mortgage Plan.

WASHINGTON, Dec. THE Central of
Georgia Railway Company applied to-
day to the interstate Commerce Commits
sion for permission to issue $50, 0OO. 900
in refunding and general mortgage
bonds, s11.000.000 OF which would be
used to reimburse the treasury of the
road and for additions and betterments /:
S31.462,3o0 to refund like amount Of
par value OF prior bonds, and S17,537.7OO
for the purchase OF new equipment. The
bonds would be dated April /. 1919, and
mature April /. 1859.
The Delaware and Hudson Railroad
Company asked permission to issue COM
mon capital stock to the value Of So
$4,000 to be used to convert S14,45l, 900
worth per cent. twenty year gold
bonds issued In 1915. Conversion would
be on the basis OF ten shares OF stock for
81. 500 worth Of bonds.
At the same time the Detroit. Toled~
Shore Line Railroad Company asked
permission TO increase It's common cap
ital stock from $500, 900 to $4,000. 600
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
'LEHIGH'S HOUSE IS !
IN ORDER --LOOMIS
President Of Railroad Says He
Has Regarded Court Rulings
in Managing Property.

Z. z. LOOMS. president Of the Lehigh
Valley Railroad Company. ordered to
segre gate it's coal from its rail proper
ties by the Supreme Court. declared yes
terday that the "Lehigh Valleys house
is In order"
-Four years ago-in February. 1917
Il came to the Lehigh Valley from the
Lacka wanna Railroad Company" ne
said. IT had fresh In my mind at that
time the provisions outlined by the
Supreme Court in the Lackawanna case.
I put those provisions into effect in the
Lehigh Valleys management. and since
that time we have conformed strictly
to those rulings in the management of
our coal and rail properties"
Mr.. Loomis recalled the fact that the
suit was instituted six years ago by the
Government and that In the time that
It has been dragging through the courts
radical changes have taken place In
business. He said that attorneys had
not been able to bring those facts to
the, attention of the court because Of
the fact that they are developments
which have taken place subsequent to
the fling of the suit.
Officials Of the Lehigh Valley say that
they have as yet no plan for getting
its coal properties to its stockholders.
Indebtedness Of those companies. stock
and bonds of which are owned by the
Lehigh Valley. are comparatively small.
amounting altogether to approximately
$24.000,00o Of stocks and bonds. Mr..
Loomis estimated yesterday that coal
ore in the properties owned by the coal
subsidiaries was between 100000 and
100000 tons. Most of those properties
VIC nv rrfn
1875, and its officials say that every one
of them was owned by the company
prior to the enactment of the Sherman
law
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
WILLIAMS AGAIN UP
FOR COMPTROLLER
Nominated Second Time After
Senate Fails to Confirm.

WASHINGTON, Dec. John Shelton
Williams Of Richmond. Va. was renomi-
mated to-day by President Wilson to be
Comptroller Of the Currency. His name
was in a list OF approximately 1900
nominations, mostly recess appointments
and including something like $1,000
army promotions. Practically all the
more important appointments had been
previously announced.
This was the second time Mr.. williams
had been nominated after the Senate
had first failed to confirm his nomination.
The other nominations included Nor
man Fl. Davis. under-Secretary of State !:
the seven members of the Shipping
Board, three members Of the Interstate
Commerce Commission: two members OF
the Tariff Commission. one new member
of the Federal Reserve Board. and two
assistant Secretaries of the Treasury.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
STOCK EXCHANGE LISTINGs.
Hendee Manufa curing CumuIa.
tive Convertible Pfd. Admitted.

The New York Stock Exchange has
admitted to the list cumulative con-
vertible preferred stock of the Hendee
Manufacturing Company and has
stricken from the list General Motors
Corporation subscription receipts. first
instalment Of 10 per cent paid fer com
mon stock. as well as Texas Company
subscription receipts full paid for cap
itai stock. The exchange has substi-
tuted on the list the following:
United Retail Stores Corporation per-
manent engraved certificates for cap
ital stock In lieu OF temporary certifi-
Gates, Oklahoma Producing and Rein
Ing Corporation permanent engraved
certificates for common stock In lieu
of temporary certificates, Consolidated
Textile Corporation permanent en-.
graved certificates for common stock ir
lieu OF temporary certificates, Hendee
Manufacturing Company permanent en-.
graved certificates for common stock
In lieu OF temporary certificates.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
FARR ALPACA COMPANY
DOUBLES ITS CAPITAL
Each Stakeholder viii Re
ceiUe DiUidend of 3 for 4.

HoLYoKE, Mass. Dec. 1.-THE direc-
tors Of the Farr Alpaca Company to-day
recommended to the stockholders that
the $7,200.000 capital stock of the COM
pany be doubled. the issue to consist Of
$4,000 shares at a par value Of 500. 1t
was recommended that $4,000, 900 Of the
new stock be issued for the surplus prop
erty Of the company as a stock dividend
and that S1,S00.000 be issued for cash at
par. the right Of subscription being given
to stockholders pro rata.
That means each stockholder will re-
ceiye a stock dividend Of three shares
for each four shares now held. The new
stock will be issued as OF January g.,
1921, to stockholders OF record on that
date. The surplus of the company now
amounts to more than $6.750,0O0 and
considerable plant extensions are in
progress.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
FOR LOWER COTTON ACREAGE.
Reduction by 80 Per Cent. for
East at Memphis Conference.

MEMPHIS. Tenn. Dec. IA reduction
Of at least 80 per cent in the cotton
acreage In 1921 and crop of not more
than 100000 bales was predicted by
w. b. Thompson. former president OF
the New Orleans Cotton Exchange, In
an address here to-day before the Cot
ton Conference, called to inaugurate n
campaign for a material cotton acreage
reduction and crop diversification dur
ing the coming planting season.
THE South is determined to reduce
the cotton acreage In 1921 to at least
one-half Of that of last year." Col.
Thompson said. The convention Is called
for the purpose Of solidifying this de-
termination.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
500, 900, 900 FOREIGN
TRADE CONCERN PLAN
Chicago Business Men to
Consider Project.

Special Despdtch to THE Frw YoRK HERALD.
CHIcAGo, Dec. 7.-Bankers and bust
ness men are expected to organize a
500, 100000 corporation TO finance for
eign trade as result of the conference
of the forum OF the Chicago chapter OF
the American Institute OF Banking.
which will be held on Thursday.
The speaker for tho occasion will be
Fred /. Kent OF the Bankers Trust
Company of New York
The American Institute OF Banking Is
said to have 3.00o members in Chicago.
Joseph II. Defrees OF Chicago. presi-
dent of the Chamber OF Commerce OF
the United States, will give his views
on the proposed foreign trade financing
Ian
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08

central, and was successfully roadmas-
Ter trainmaster. superintendent, chief
engineer, general manager and vice
president. From the Illinois Central H.
went 70 the Erie, In which he held the
Office OF vice-president and resigned 10
become president of the Seabord Air
Line.
Mr. Harahan said yesterday that he
had been a railroader from the day h.
was born. his father. the late James
theodore Harahsn. having been n plon.
eer IN the business. and who at the time
he was killed In a railroad accident wa
president OF the Illinois Central IL was
brought up on railroads." he declared.
and have had TO know them from the
ground up"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
EASIER MONEY FoREsEEN.

The slowing down OF business, coupled
with the recent big decline in prices OF
commodities, will result In an accumu-
lation OF unemployed capital and an
easing of the money market. In the
opinion OF Frederic II. Hatch a Co..
New York bankers. The period OF
quick profits and unusually large re-
turns. they declare. has parsed. and
the safety of principal rather than the
hope OF extra dividends and stock dlvl-
dends will be the controlling factor In
the investment markets OF the future.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
ASPHALT BONDS APPROVED.

The stockholders of the General As
phalt Company. at n special meeting In
Camden yesterday. voted to approve
the plan of the directors providing for
an Issue of 100000 OF s per cent. ten
year sinking fund convertible gold
bonds. The authorized common stock
OF the company was also increased by
s4,000.000 to provide stock for the con-
version OF the new bonds
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
GOODYEAR OFFICIALS NAMED.
Announcement of Election Await.
cd---Bond Issue Planned.

AKRON, Ohio Dec. 7.--Directors of the
Goodyear Tire and Rubber Company
elected yesterday were expected to an
nounce names OF officers late to-day or
tomorrow. Directors were reelected
with the exception of J. Il. Loomis. re-
signed. l.. c. Rockhili. sales manager.
was named to, the vacant place on the
board.
Stockholders at an adjourned meet.
ing December 23 viii consider plans fot
permanent financing. These plans con-
template an issue of $40, 0oo.0 900 In mort
gage bonds. II n said
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
81, ESQ, 900 900 INVESTED
IN ILLINOIS UTILITIES
Samuel insult Addresses Chi.
cdgo Rotary Club.

Special Despatch to THE NEW YoRK HrnALp.
CHICAGO. Dec. 1.-THE local public
utilities of the State OF Illinois have an
investment Of $3.50. O00, 900" said Sam
uel insult, president of the Common
wealth Edison Company. addressing the
Chicago Rotary Club luncheon to-day at
the Hotel Sherman.
"One hundred million dollars are spent
every year In new plants They employ
upward Of 100000 employees and have
between 10000 to 100000 investors
This spells progress for the people of
the city and the State" said Mr.. insult.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
SEAMAN HEADS COMPANY.
becomes President of Kelly.
Springfield Tire Interest,.

r. a. Seaman has been elected presi-
dent OF the Kelly-Springfield Tire Com
pany. succeeding Van II. CartmeII. who
has been president for eighteen years
and who has resigned on account OF
impaired health and advanced age, ac-
cording to an official announcement
made yesterday. Arthur Sachs, Of
Goldman, Sachs e Co, has been elected
a director.
The regular quarterly dividend Of
sl50 a share on the per cent. pre-
ferred stock was declared. payable
January TO stockholders OF record at
the close OF business December IL.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08

If you have money to in
vest and are seeking OPP
portunities in the busi-
ness world, either as a
partner or as an owner
of business, consult the
Business Opportunity col
umns of The New York
Herald both daily and
Sunday, which usually
appear daily among the
classified advertisements .
and in the Want Direc- I
tory on Sunday. :
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
ANCHOR POST IRON OFFERING.

III. J. Kane q Co. are offering 10000
;hares of common stock, no par value, Of
he Anchor Post Iron Works. at $40 a
hare. The Anchor company manuFac-
res and erects galvanized wire fences.
ailings and gates for all purposes. It's
ct earnings for 1920 are estimated at
i00.000--ample for dividend require
nents OF 81 a share on $4,000 OF It's
hares outstanding. and It's net tangible
ssets are s13.s3 a share.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08
CUSTOM HOUSE RECEIPTS.

Receipts for duties at the Custom
ouse yesterday were ssl4,e67.39 of
hich s22l,1l5.49 was for merchandise
lthdrawn from bonded warehouses
md sSos,551.o0 for recent importations.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08

An advertisement IN the Lost aud
Found columns Of THE VIEW YORK
herald offers real possibility %
recovering your lost property.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08

Dec. n. 1920. there will be drawn thre<
81 900 bonds for redemption at i05 Jan. ~
1921, At office OF Day Heaton, Wall st..
WIZ WEAVER HEAroN Trustee.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-08

NICe-PresIderk.-
Dated. New York. November 70. 1870. :.
The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1920-06-11
An Unique Proposition

wear for the paper. If I don't pay that
interest to you I shall have to pay II
some one else.
At the same time, where else couiu
YOU put down ten dollar Dill INA. sou
won't miss and draw six per cent inter-
est on it for ten years? AS matter
of fact, by my plan, your ten dollars
draws better than eight per cent.
Money is the cheapest thing IN the
world TO-DAY Ten dollars to-day
counts less than it ever did before OF
ever will again. You can afford 10
drop ten dollars on. this proposition. 1t
will be a source of pride to you 1of
wears to come to point to comtortaDly
housed and dignified newspaper proper
ty in Elizabeth City and say Il helped
make it possible.''
And YOU should help make it possible.
THE INDEPENDENT is one OF the
most valuable institutions in this CITY,
county and district to-day. week IN
and week out it is boosting Elizabeth
City. Pasquotank county and north
;. eastern North Carolina, making this sec
ton a better place to live IN ana "ah
ing every foot of property more val
liable for this influence and tnls auVer
tising. 'a- sEss3
Not An Untried Plan
This plan Of financing THE INDIE
PENDENT's proposed building project
is not an untried scheme. l did some
thing like it once before. If you will
remember, started this newspaper With
out a cent of capital twelve years ago.
In 1913 it became necessary to make
certain improvements in the plant or
close down the plant. I didn't have the
money to make these improvements.
then offered 100 life subscriptions to the
paper at $40 each. By the sale of these
The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1920-06-11

on for the ten years just the same. If
1 enter the daily field 1 will give you
the option of getting the daily on the
same basis. The subscription price OF
THE INDEPENDENT is now $500
year. My plan gives it to you for a
dollar a year for ten years, twenty dol
lars worth of paper for ten dollars. II
I enter the daily field you can have the
daily on the same basis, one half its reg
'ular subscription price till your ten dol
lar subscription is exhausted.
Site Already Purchased
The site for the building is already
nailed down, purchased more than a
wear ago. on Matthews St., just stones
throw from the post Office, an ideal 10
cation for a newspaper property. With
$4,000 and this site / can finance
building costing $4,000 to $4,000, all
the building I shall need.
Sound Business
This is sound business proposition.
old. 1t is not an experiment. Eliza
beth City will always support a good
newspaper and THE INDEPENDENT
is that newspaper. Whether 1 live, die
or sell out, this newspaper will go on
and your subscription will go with it.
I can afford to carry 500 subscribers
for ten years at $40 each, because am
no longer dependent upon my subscrip
ton list But do not make any great
sacrifice in selling you the paper ten
years for ten dollars. I figure that it
costs me 40 cents a, year keeping sub
scriber renewed from year to year. That
nets me only $16O for each $500 year
ly subscriber. The interest on $40 is
60 cents a year. By paying me ten
dollars in advance I really get $1.6O a
The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1920-06-11

snhscrintions I put THE INDEPEN-
DENT on it's feet then. By the sale OF
5Oo ten wear subscriptions to-day L ex-
roo+ to mt THE INDEPENDENT on
easy street.
You ought to have a newspaper plant
here to which you could point WIN
nr;da Not a large building is required,
but that building should be architecture
a11v beautiful dignified, impressive. 1t
sbon1d reflect something of the COM
,oarcial and industrial strength and the
civic glory of it's home city and vicinity.
know what we ought to have II you
viii give me your support-f ooo o
YOU will buy yourselves ten year SUD
scription to this newspaper for ten dol
lars each. No better investment has
been offered you in a long time. VIII
you help? --s -ss x. s-s'T N''7s sa -
Time If You Wish 1t
1t is not necessary to part with your
ready cash if you haven't ten dollars
to spare this week. Date your check
ahead 60 or 80 days if you like, or
phone, write or tell to me to call or
draft on you 60 or 80 days hence.
NY plan may fall thru. I may not be
able to get 500 ten years subscriptions
even at the low price of $40 each. l
shall reserve the right therefore to re-
fund your money within 80 days and
cancel any subscriptions accepted on
this basis. I trust that will not have
to do this. I would hate to think that
there s1e not 500 men and womca IN
northeastern North Carolina that much
interested in this newspaper.
Let me hear from you at once. See.
write or phone me. Tell your friends
about this remarkable offer.
w. O. SAUNDERS
The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1920-06-11

Why doesn't THE INDEPEN-
DENT publish daily?
WHY doesn't THE INDEPEN-
DENT publish twice week!
Why doesn't THE INDEPEN-
enlarge it's job printing depart
ment?
All of these and other ques-
tions could be answered by the
fact that this newspaper hasn't
working room. My present quar-
ters are packed with machinery
and equipment until there isn't
room in the shop to turn around
And there isn't suitable building
available in Elizabeth City for
such quarters as THE lNDE-
PENDENT needs to take care OF
its growth.
There is only one way for THE IN
DEPENDENT to get more room ana
that way is to put up its own build
ing. The one present obstacle to that
plan is the matter of financing. 1 think
have a plan by which readers OF this
newspaper will be glad to help me IL
nance this proposition and reap a hand
some profit for themselves. 1 need
$4,000. I propose to offer 500 ten year
subscriptions to THE INDEPENDENT
TO 500 subscribers at $40 each. Help me
to finance this proposition and for your
fen dollars I will send you this paper
weekly for ten years. If I change 1t to
a semi weekly your subscription will go
The Starkville news. (Starkville, Miss.) 1902-1960, 1920-08-06

report same at the conference of
Captains with the executive commit
tee at the meeting at the Court
House tomorrow Saturday after
moon at two o'clock.
Letters, circulars, cards, big signs
and news stories are being used to
promote the spirit of the day and,
according to present indications, the
road force next Friday will be 100
per cent strong. A petition is being
circulated by the merchants of Stark
vile and every store here will be
closed all day so that every man can
get out and do 'his bit" The men
of Starkville will scatter out and
work in many different sections but
all others are expected to work only
on the roads they are most interested
ln-the roads nearest their homes.
Most OF the work of this day will
be centered, it is said, on the filling
up and fixing of the holes-as it is
claimed that most of the roads are in
fair shape excepting in places where
bad holes make traffic impossible in
the winter or after rains. The de-
failing of this work is left with the
captains and every person is re-
uested to communicate with his cap
tain early in the week to find out
where he is wanted and what tools
are desiped.
Everything depends on the cooper
alton OF each and every man-no-
body draws any pay, and the con-
tractors will not get paid for the
work done. The success of the day
depends on the enthusiasm and spir-
it of the people-if the day is not
success the county faces, it is said,
another winter and spring of isola-
tion. Get together" talks are urged
for every part of the county and
every minister has been requested to
devote good part of his sermon
Sunday on "Road Day." the necessi-
ty of everybody doing his part, and
the benefits that will be derived,
The Starkville news. (Starkville, Miss.) 1902-1960, 1920-08-06
THE CAR SHORTAGE
DISCUSSED At MEETING

John B. Hogan returned from
West Point Tuesday where he had
been to attend a meeting of the West
Point Chamber of Commerce, which
was called to consider the car chort-
age situation in this section. Rep
resentatives from Columbus, Macon,
Okolona, Starkville and other cities
interested were invited by the West
Point Chamber of Commerce to meet
in West Point on Monday of this
week to discuss the car shortage situ-
alton. 1t was unanimously agreed
at this meeting that the situation is
a serious one and needed immediate
attention. Steps were taken to do
everything possible to relieve the
conditions now existing, and these
gentlemen are in communication
with the railroad authorities in re-
gard to the matter.
The movement of this years cot
ton crop is not the only problem be-
fore the people of this section right
now, but warehouses are already
filled with hay and another cutting
is also on hand to be disposed of.
The Starkville news. (Starkville, Miss.) 1902-1960, 1920-08-06
CITY To START
ON SEWERAGE
|MMEO|A TELy

A sewerage system for Starkville
is in sight.
The meeting of the Board of AL
dermen on last Tuesday night will
go down in history as the most i'm
portant one ever held by that body.
1t marked the beginning of carry
ing forward the plans of the Alder
men for an uptodate sewerage for
this city
At this meeting Mr.. Frank Hogan,
of the city school board, stated that
the school board intended to install
twelve new toilets and shower baths
at the high school, and as the city
had no sewerage the board asked the
city to install septic tank as tenn
porary measure until sewe age could
be installed. After discussing the
matter at some length, ii. was the
unanimous opinion of the Aldermen
that this was an opportu ne time to
start sewerage. On motion the May
or was instructed to order enough
8, 10 and ~ inch tiling to lay a
sewer from the high sch Dol accord
ing TO Une plans alfedIly urdWH.
Work is to begin just as soon as the
pipe can be gotten here, as it is the
purpose of the Board to have it in
stalled by the time school opens in
The committee on schools was
authorized to make contract for
the installation of the new sanitary
euipment at the high school.
A committee from the Chamber
of Commerce, composed of Messrs.
Chiffon, Bowen and DeMotte, ap-
peared before the Aldermen in re-
gard to the road from the city to the
College. Mayor Bridges stated that
the city was at present repairing
other roads leading out of town that
were muchly in need of repair and
as soon as this work was completed
the city would have some definite
idea as to what aid could be given
the. College road.
A donation of $4,000 was made
to the Oktibbeha County Fair which
will be held here October 7th, 9Th,
and 9th