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The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1920-11-05

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New-York tribune., 1920-11-09
Bankers Views on Taxes

Pankers as a rule did not think much
yesterday of the news from Washing
ten relative to proposed changes in the
tax laws. The proposal to increase the
surtaxes on individual incomes was
called foolish by several financiers.
.Tc abolish the excess profits tax and
Increase taxes on. incomes would be
disc crmination in favor of corporations
and against Individuals observed the
partner in great banking house. "Of
course, the excess profits tax on cor
poratlons will have to BE abolished, for
there will be no excess profits to tax
The way business is going at present
But why discriminate against the in
dlvldual? The surtax is simply a levy
against the excess profits of the in
dividual. To increase it and at the
same time abolish excess profits taxes
N the case of corporations would bo
to put premium on corporations. It
won't be done. We must find some
other way to provide the funds needed. y
New-York tribune., 1920-11-09
In Wall Street
No Change in Rate

The Treasury has made no change in
the interest rate on It's latest offering
OF certificates Of indebtedness an
nounced yesterday. Secretary Houston
is selling new six months issue Of
100000, coo, bearing 5~ per cent
rate. Some Of The investment bankers
had been looking for 4 51s per cent
rate. Apparently the Secretary did not
believe the time propitious for shading
the rate, especially at this season, whe
the agricultural demand for money IS
at it's peak. The sale of this latest Of
foring will put the government back
in funds. On Saturday last the local
Clearing House banks showed govern
ment deposits of only approximately
$4,000, 900. This represented reduc-
ton Of more than 100000, 900 IN the
course of three or four weeks. No
Withdrawals of funds from the banks
for government account are scheduled
to be made to-day
New-York tribune., 1920-11-09
American Sugar

American Sugar Refining directors
are scheduled to meet for dividend a.
tlon IN the next day or two and ther
IS much interest in the Street in what
their policy will be with reference t.
the dlsbursement on the common
stock The company has been payinr
at the rate Of 10 per cent for vear
In view of the slump in the SUGAR
market the Street is wondering whether
it will be possible for the COMPANY to
continue the 3 per cent extra. Vice
President Foster, of American Sugar
said few weeks ago that the net re,
timing profits of the company for The
first eight months of 1920 were Sill
100000 He also said that this profit
was subject to loss on unsold inven-
tory OF raw sugars which might r,n
as high as slO,000,000 In this event
ne Inquired that the company would, at
the worst, end the year with a refininc
profit Of approximately 81 600 600
compared with more than $40. 900 900
in, 1919. American Sugar, like many
other corporations, has suffered. it Is
said, from contract cancellations.
New-York tribune., 1920-11-09
The Treasury's Tax Proposals

There was a feeling in financial and
business circles that the new tax pro-
gram of the Treasury Department a.
Washington would never be approved
by the incoming Republican admins
tration. The head Of great industrial
corporation characterized the recon-
mendation for abolishing the excess
profits tax and increasing the tax on
incomes above $4,000 year as ride
ulous. Nevertheless the statement Of
Treasury officials that the nation will
face a continuation Of the annual tax
bill Of $4,00000O, 900 for at least four
years more led to the conclusion that
the tax burden will be a factor in the
security markets for long time -
come. However. Wall Street IS banking
much on the prospect that the Republi
cans will do more than the Democrats
have done in curtailing government eX-
penditures
New-York tribune., 1920-11-09
Money and Credit

There was 10 change in the stock
market loan situation yesterday and
the call money rate again advanced to
lo per cent after renewing at 9 per
cation that the strain is easing SLIGHTLY
was the announcement that the gov
ernmcnt viii make no Withdrawals
from the banks day.
New-York tribune., 1920-11-09
Schwab Still an Optimist

Although admitting that the mental
attitude of consumers expecting lower
prices for commodities has caused a
decided let-uD in the demand for steel,
Charles NJ. Schwab declared yesterday
that he was not pessimistic over the
outlook in the industry. What price
changes have taken place, he said, rep
resent the passing away of premium
and movement toward the levels
malntalned by the Steel Corporation
The Bethlehem Steel Corporation. ac-
cording to Mr.. Schwab,. is well fixed
with regard to forward business. the
slilpyards being filled up with orders
through 1921. Plants are now operating
at about SO per cent of capacity.
New-York tribune., 1920-11-09
Denmark's Foreign Trade

Improved conditions in the foreign
trade of Denmark during the present
year were shown in a cable message
which the Irving National Bank re-
ceived yesterday from A Z. Lindhjem.
representative in Iopennaeea. Tne
cable reported that Danish exports in
September amounted in value to 49,
100000 Danish crowns and imports to
900, ,oo0O0O crowns, and that the value
ot imports IN the t'rS' mae mon, $
ports by 900o0o,OO0 crowns. In Sen
tember, 1919, Danish imports were val
ued at RI ,094,00O crowns and exports
at 86,731 600 crowns. The excess in
value of imports over exports in the
hrst nine months of last year was
1853 $4,000 crowns.
New-York tribune., 1920-11-09
Canada's Maturities

Much Canadian financing is likely to
be arranged in thc American ,nar.st
months to come, bankers say. The
estimate Of leading investment house
puts the amount Of Canadian maturi
ties IN foreign markets in the next 1--WE
years at approximately $500 ,00O 600
l~hiS INC ildes Dominion, prov.rcI.. au-
nlclpal and corporation issues. Much
OF these maturitics are in the form of
sterling securities in the hands Of Eng
llsh investors. 1t is bel eyed that many
funded in the form of new dollar So
curities Canadian securities have a
popular appeal in this market. and re-
cent offerings have been we'll taken.
The Grand Trunk Is sold a few weeks
ago are selling al present around l03.
New-York tribune., 1920-11-09
u. S. Steel's Untitled Tonnage

The United States Steel Corporation
viii make public tomorrow at noon
figures showing untitled orders on hand
at the close of October. Guesses in
the financial district are that the OK
pected falling off in tonnage viii not
be so great as it was on Septembe 30
when g decline of 43O,234 tons was
indicated. The Steel Corporation has
not yet suffered from lack of orders
nearly so much as some of the inde-
pendents, due mainly to the Gary price
policy, which has resulted in an ac
cumulation of untitled business that
in ordinary times would be regarded
as extraordinary.
New-York tribune., 1920-11-09
Expect S. P. Plan Soon

The persistent strength of Southern
Pacific IN the face Of heavy selling in
the rest of the market is attributed in
some quarters to the belief that the
executive committee will make pub
lie the, oil segregation plan the lat
ter part Of this week The regular
meeting day of the committee falls
on Thursday, and if an announcements
is made it will probably be then. Al
though reports have been current that
the Standard Oh Company of Cali
terest would acquire the Southern Pa
clfc's oil properties, it is generally
believed that the company will form a
separate oil corporation of its own.
the stock of which will be given to
S. P. shareholders as a bonus.
New-York tribune., 1920-11-09

Year
Yesterday. ago
On mixed collateral $500. 8 l2
On industrial collateral. 12
lime money (mixed collateraD:
Sixty days ...... 8MSla $40
Ninety days ...... 8NSlA 5sl
-Four months ..... SM8ia 5%61
-Four to six months 8@S12 5A@6
Bank C;carings-Dank clcarincs at
New York yesterday were: Exchanges.
i,3N ,2l4; balanccs, $lo1,1S3 ,766.
SiIver-London, 533sd; New York,
domestic bar, 9912c; foreign, 8Oa4c;
Mexican dollars, 6lhc.
Sub ub-Treasury-United States fund
reserve credit balance, s10l. .O3A ,4O8
Canadian Exchange-New York funds
n Montreal, Sl1O premium per $1,000;
Montreal funds in New York, S99.10
discount per 81 900.
New-York tribune., 1920-11-09
The Dollar in Foreign EXCHANGE

All OF the foreign exchanges, con-
tinuing the declining movement Of last
week, broke violently yesterday. Ster-
ling led the way, with drop of almost
: cents, carrying the quotation for Lon
don sight drafts to 1888 z, a new low
Tor the current movement.
The swift recession in exchange on
Paris set a new low record for all time.
AT $40 cents franc checks were off an
proxlmately 20 centmes from the clos
ing price on Saturday and centimes
under the previous low record made
early this year. Belgian francs also
made q new low.
German marks Joined the general re-
ceding movement and dropped to 10
cents.
AS was the case last week, interns-
tional bankers had no special explana-
ton for the decline in the exchanges
other than the fact that there is a
heavy demand for dollars on the other
side to pay for purchases in this mar
ket, On the other hand, the demand
for exchange on the leading European
countries is comparatively light, so
that offerings of sterling and franc
bills are not being readily absorbed.
Quoted in dcl!ars to the pound.)
New-York tribune., 1920-11-09
Paris Market Irregular

FARIS, Nov. S.-Tlad.ng was irregu-
lar on the Bourse .o-day Three per
cent rentes, "a francs so centimes;
exchange on London, 81 francs SO
ccntimes; 5 per cent loan, So francs
~ centimes. 1he dollar was quoted
a. II francs le centimes.
New-York tribune., 1920-11-09
" eek
Yesterday.

Brazil, Rio, cables. .l6.S75 1925
Czecho- 5 ovakia, uhecks los 1.l6
Czecho- -Slovakia, cables. 109 lie
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
BLAIR LEADS RACE
ACCORDING TO The
LATEST FIGURES
Morgan County Candidate Jumps Into
First Place In Congressional Race
When Breathitt County Gives
Him Big Vote.

Judge H. c. Blair, of West Liberty,
Morgan county, jumped into first place
in the race for the Republican nomina-
tion for Congress in the Ninth district
when returns from Breathitt county as
reported last night gave him vote of
go in that county.
On tabulation of the most author
itative figures obtainable here Judge
Blair is about votes ahead of DR.. w.
S. Yazell, of this city, with Wolfe
county yet to hear from and it is al
most certain that Wolfe county will
give the Morgan county man a good
vote. DR.. Yazell is 1T votes ahead of
Omer Barbour of Bath county accord
ing to the local tabulation. Only a few
of these figures are official and Dr.
Yazell may yet show healthy gain
although 1t is hardly expected that the
big gain Judge Blair made in Breathitt
county can be overcome by any of the
| candidates.
Official figures from all of the coun.
ties in the district should certainly be
obtainable by tomorrow and until the
official figures are received, DR.. Yazel
is not conceding his defeat.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
ROADWAY CAUSES
FLEMING NEIGHBORS
TOSHOOT EACH OTHER
Young Mr.. Herst and Young Mr.. Clay
pool of Fleming County, Are Both
Shot In Argument Over Roadway
Late Wednesday Afternoon.

Purnell Herst, young Fleming coun-
ty farmer, is at Hayswood Hospital in
this city suffering from a gun shot
wound in the head and young Mr..
Claypool, neighbor, is suffering from
a wound in the abdomen as result Of
a neighborhood quarrel over road
way late Wednesday afternoon.
1t is understood that some time ago
the Hersts and Claypools, who live on
adjoining farms, had law suit over
a roadway to the Herst home. Late
Wednesday, 1t is said young Claypool
ordered Mrs. Herst, Purnell Herst's
mother off the roadway. This caused
the starting of the argument between
the two young men. Young Herst shot
young Claypool in the abdomen and
then young Herst was shot in the back
of the head, the bullet coming out
under the eye. Whether young Clay
pool or his father, who was approach
ing the young men, fired the shot
which wounded Herst is not yet de-
termined.
Claypools wound is said to be mere
ly flesh wound while Herst's is of a
more serious nature. At the hospital
this 'fternoon it was said he was get
ting along nicely. He was rushed to
the local hospital last night in an au-
tomobile.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
fine HERD OF Pure BRED
CATTLE COMES TO MASON
Largest Herd Of Pure. Bred Holstelns
Ever Brought to Mason County
Arrive Here This Morning.

A herd of Eleven pure bred Hol-
stein cattle arrived here this morning
from Foster, Bracken county, where
they were purchased yesterday by
Messrs. George Kirk and Frank Car
penter, of the Adina Farms near
Minerva, and Mr.. George Dodson, OF
this city.
All of the cattle In the herd are from
the best blooded Holsteins in the coun-
try and the bringing of the herd to
Mason county will give this county O
commanding position among the Hol-
stein breeders Of the country. Some oi
the cows in this herd are considered as
good as could be found in all of the
state of Kentucky and 1t is more thar
likely that some of them will be en-
tered in the Kentucky State Fair ant
probably several other fairs in thi'
section.
These gentlemen are to be congrat
ulated upon bringing to Mason count.
such splendid herd and 1t Is to b.
hoped that enough interest can be ere
ated in Mason county on pure bre'
Holsteins to make this the banner Hol
stein county of Kentucky.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
DEAD man PROVES TO
Be BROWN C0uNTIAN
Man Found Dead In Clump Of Bushes
Near MiddletOwn Proves To Be
Resident OF Georgetown.

Middletown, Ohio, August 12.-Po-
lice Wednesday learned that the name
of the man who died suddenly last
Tuesday evening while walking in the
vicinity of West Sixth street, was not
Jack S. E. Hamman, of New York City,
as the register at the United States
Hotel, where the man was staying in
dicated, but was ] Dunkirk Searle, of
Georgetown, Ohio.
Searle's body was found in clump
of weeds 100 yards from the end of
West Sixth street, after police had
been notified by a resident of the
neighborhood that something was
wrong.
A woman registered at United States
Hotel as Mrs. Minnie Welch, of Indian
apolis, saleswoman employed by sign
company, was walking with Searle
when, she says, he suddenly reeled
and, leaving her, went into clump OF
bushes where he fell.
Coroner Edward Cook today accept
ed the statement of DR., H. H. BLOOD
that death was due to heart disease
The woman, who registered as Mrs
Welch, was exonerated.
The body of Searle will be taken il
charge by his father, S. c. Searle, o
Georgetown.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
BAND LEADER Re.
SIGNS; REFUSED TO
sign new CONTRACT
Manager Russell and Band Committee
Insist on Signing of Contract and
Argument Follows Which Causes
Resignation of Prof. Young.

Prof. ]. w. Young, leader and in
structor of the Maysville Boys Band,
resigned his position with the local
organization at meeting of the man.
aging committee held at the band
rooms last night. The resignation was
directly caused by an 'insistance upon
Mr.. Young signing a contract with the
local committee.
Since last June, when his year ex-
pired, Mr.. Young has been working
without signed contract, although
ore was offered him by the local man
aeement and he had accepted but had
not signed it. He was receiving a sal
ary of 5000 per month, and while the
contract with the local committee call
ed for all Of his time, he was instruct
ing bands in other nearby towns as
well as the local band.
Upon the suggestion of the organiza-
tion Of another band here, Mr.. Young
made all arrangements and was ready
to order the new instruments. Before
he ordered the instruments, Manager
Russell insisted upon his signing the
contract. Mr.. Young insisted upon be-
ing given leave of one day week tC
instruct band at Manchester and this
was granted him. He later asked an.
other days leave to instruct band al
Trinity and as this took two days ot
the week from the Maysville boys, the
committee refused. Mr.. Young is ther
said to have asked $4,000 year fol
instructing the local band exclusively
for this year this was also refused hin
by the local committee. Mr.. Young.
resignation followed and the loca
committee is now endeavoring to get ;
competent director and expects to hav,
one on the job in few days.
| DR.. P. G. Smoot is now in charge O
the band temporarily and band prac
tice will be held as usual until a new
Instructor and director is procured
The new band, now in course of or
ganization, will not be neglected bu
will be given extra attention to brin,
it up rapidly to the point where Mays
Vile will scon have a-7s- piece band
All present engagements will be. file,
by the band.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
ATTRACTIVE CON-
Crete BRIDGE TO Be
BUILT ATCITY LIMITS
County and City Join Together II
Build Attractive Concrete Bridge
to Replace Old Frame Structure
Near Maysyille Cemetery.

Final agreement has. been reached
between the Internal Improvement
Committee, representing the City
Council, and the members of the Ma
son Fiscal Court for the joint erection
on the Mt. Carmel pike at the eastern
limits of the city of Maysville, of an
attractive concrete bridge to take the
place of the frame affair which has
served there for many years.
This old bridge get in bad condi-
ton every years and there has always
been a contention between the city and
the county as to who should repair II
and as to who was responsible in case
of an accident. There have been two
or more law suits over accidents oc-
curing there and the officials of both
city and county have reached an agree
ment to put up bridge that will last
for years so that there little conten'
tions can be brought to an end for the
present generation at least.
The agreement reached is that thu
city shall pay one-half of the cost o
construction and the county shall pa!
the other half. Inasmuch as the Mays
vile and Mason County Cemeter!
Company have recently made extensive
improvements to our beautiful GENE
terry, 1t is quite fitting that this bridg
near the entrance to the cemeter,
should be an attractive one.
In another part of this issue will b
found the advertisement for bids an
the contract will be let on next Satur
day morning at the office of Count
Judge H. P. Purnell in the cour
house.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
STATE INSPECTOR FINDS
MANY LICENSES UNPAID
Deputy State Revenue Agent In Mays.
vile For Past Week Finds Many
Persons Have Not Paid.

Deputy State Revenue Agent E. G.,
Floyd, today completed his examina-
tion Of the books of the county officials
here and he found them all in good
shape and gave all of the officers a
clear writ
One irregularity which Mr.. Floyd
found and which is not the fault of the
officers, is that people have not been
prompt in the payment of their state
license on soft drink stands, ice cream,
cigarettes, pool tables, restaurants,
etc. In another part of this issue to-
day will be found notice signed by
the State Revenue Agent warning the
dealers again to pay their license be-
fore next Monday. This same sort OF
notice has been published in the local
press over the County Clerks sigma.
ture.
1t will be remembered that some
time ago quite few indictments were
returned by the Mason county grant
jury against those who had failed t.
take out their licenses and II woult
be j, the safest thing, probably for al
dealers to do, to abide by the Stat,
Revenue Agents notice.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
NEWPORT MAN SUICIDES.

The body of Henry Patrick IS, who
had been missing from his home, 91S
Park avenue Newport, KY, was found
dead, late Wednesday, in a thicket on
a hill, at the head of Washington ave-
nue., Newport. His body was found
hanging from tree. 1t was removed
to the funeral home of Vonderhaar,
Stetter & Erschell, and buried Thurs
day. Patrick, who lived nearly all of
his life In Newport, was house paint
er. He had been Ill for more than a
year, Coroner Hughes rendered a ver-
dict of suicide due to despondency
caused by long illness.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
WHAT'S THIS MEAN RED?

The following is taken from "The
Detroit Scale" magazine published
by the firm by whom Mr.. Walter
Dinger, more Familiarity known as
Red" is employed in that city:
eve learn from some reliable source
that Mr.. Dinger, of the Blue Grass
State of Kentucky, is soon to make a
place vacant on the fifth floor OF
Building No. /. Mr. Dinger claims that
in big city like Detroit, two can live
as cheaply as one and If life is worth
living at all, he is going to take q
chance. The machiners are all with
you and say Go to it, Dinger.' ="
1t might be added that if "Red" will
bring her home on his honeymoon the
Haymakers will meet him at the sta
ton in full regalia,
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
BAND MASTER RECOMMENDED.

Although Prof. ]. w. Young, Direc-
tor of the Maysville Boys Band, only
resigned last night, Manager ]. Bar
'bour Russe1r mas Wired TIE leading
band directors and music houses in the
country for recommendations This
afternoon Colonel Russell received a
telegram from the Fillmore Music
House, of Cincinnati, recommending
very highly Prof. George D. Barnard
of Cincinnati, composer and band di-
rector and teacher. The Fillmore peo-
pie say of Prof. Barnard in their tele-
gram he's "the best man in the coun-
trvu
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
NEW CONSUMPTION "CURE..

Paris.-A doctor who claims to have
discovered method for curing tuber-
culosis and the effects of gassing al
the front, has fitted up an "inahala-
tOrium" in Paris where 100 consump.
tives and gas patients are taking his
treatment. He considers the best way
to treat consumption is by direct dis.
infection of the diseased lungs
through inhaling. He projects steam
made from a mixture of essences
through tube into the patient.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
TRIAL NEAR END.

Arguments to the jury in the trial
of L. Everett Bullock, Covington safe
ty director, and Logan Goodson, city
detective, charged with conspiring
against the government in removal of
IA barrels Of liquor from Latonia Dis
tillery, were begun. in U. s. Court, Gov
ington, Thursday.
Thomas d. Slattery, district attor-
ney. and H. Clay Kaufman, his assist.
ant, and Maurice l.. Calvin and Lewis
F. Brown, defense attorneys, presented
their views.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
NOTICE..

All delinquent licenses such as soft
drinks, ice cream, cigarette, pool
tables, retaurants, hotels, hack lines
playing card dealers, picture shows
oleo margarine dealers, and shooting
galleries MUST take out their state
licenses by Monday, August 10th at the
County Clerks Office or receive a
heavy penalty. w. O. MAYS.
12Aug3t State Revenue Agent
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1920-08-12
ACCEPTS NEW POSITION.

Mr.. Stanley r. Lowery, who has
been employed at the local c, & o.
freight Office for the past two years,
and who has won many friends by his
constant favors and courteous manner
has resigned to accept a position as
superintendent of the new safety de-
posit vault in the Bank of Maysville
The Ledger joins has many acquaint.
ances in wishing him much success in
his new location.