davidaulloa/AmericanStories huggingface dataset:
The Dickson County herald. (Dickson, Tenn.) 1907-1979, 1920-07-23

Ihers.
Mics M.rssrsts Morrow il Il
Nashville the iusst Of her aunt
Afs. c, &. Tslles.
The sunday School cisss of Mrs
II. = Johnson's spsns Tuesday d
Walnut Grove ~oienicins.
Misa Polly Cherry, Of Nashville.
sDenl the week end hare the saesl
% Mss Bertha Sasser.
l. Z Lseck spent = fe~ days
this seek in Charlotte attending tbs
bedside Of bic father, who 10 s~rioos
ly i'll.
M. q. hosiE and little dauah
ter, are H,ending . lee dave IN
Nashville. the guests vi her %sgslsf.
Mrs. II. o. Thomas.
Mrs Nell Scott. after q lev weeks
sisit here with relatives add irisnds.
has returned 10 her home Al Little
Rock, Ark.
Stanley Hanley. Who 10 employed
in Nashville. spent the weekend
here si,h his parents. Mr.. and Mrs
y, r. Hsniey
Ernest Chew !, bach Al bis pact
oil duty II the First Nsiioasl Bank,
after bslog out a lev days. caussd
from having HE tonsils removed
Misses Vars aud Evelyn Grow
vent TO Memphis. Wednesday ~here
they are the guests OF their sister,
Mr.. Albert Robertson.
Robert \. Clement has gone TO
Pennsylvania. where he has accept
I'd q position with the 6Im Of Mason
L Hanger.
Mr.. add Mrs Kenneth Cochran,
Of Cornenvills have been the guests
OF Mr.. snd Mrs. Arthur Donegan.
this week
Little Miss Joyce English has re-
turned from q three we~ts visit with
Little Mise Lowe Demins. near At
lan,s. Ga.
Misses Annie Grace 0'Callsehao. |
OF Nashville. Mary Glenn Lloyd. OF
Chattanooga are the guests 81 Misc
George lee Jones.
lOaT-Gold watch between
Dickson aud Woodhavsn Thursday
OF last week. Finder return to this
Liberal reward,
d. Campbell hes returned from
rullahoms. where b. vas called
rhursdsy o! las, week OF account of
the death OF his mother. Mrs. NJ.
X Campbell
Esq. A. d. English. wh) was op-
on three weeks ago Tor Der
MIA, in . Nashville hospital. will
return home the latter part Of the
". N Anderson. who has been
IL q Nashville hospital iM several
under treatment, has sufi.
recovered 80 ~ To be brou.
ghi home last THURSDAY.
Curtis Shelley is spending lev
.l.Ss h,re stth his parents. Mr.. and
Mrs John Shelley, prior 10 going 10
Union City. where he will be EN-.
Ia one Of the schools 40
teacher.
Mrs. Gus Pursley. Of Bonneville,
Indiana. arrived this week TO speud
a lev DAYS with Der tathe, W. T.
Rogers, and other relatives sud
friends.
Walter Hsfr,s spent sunday sfer.'
noon here en- route 10 Nashville |
after spending a iew days With his
parents, Nj and Mrs J + HarTis, !
At Ruskin
Prof aud Mrs. X X. stone, who
have been visiting relatives and
here Tor several weeks. have
10 Belfast where Prof
St6n. ls principal Of the school.
Horace sell. who has been 10
poor health for several months, has
gone 10 Battle Greek. Michigan, Tor
trestmeut. Mrs Sell and children
will reside in Dickson during HE
absence.
Mrs. James PULLEY, after 4 tea
days visit herr With her psrents. Mr.
aud Mrs J II Ballard. and other
and trends hss returned !
"a bet home To Jackson.
Alma record. (Alma, Mich.) 1878-1928, 1920-12-16

Mrs. Marion Nickerson and Mrs.
Jennie Caszatt went 70 Elm Hall
Friday.
Mesdames G. Peasley and w.
Carts spent Friday in Alma with
Mrs. William Pibber.
Mrs. Vim. Carts spent from
Wednesday until Friday in Riverdale
visiting at the home of her nephew,
Claude Manley, who is to leave for
Wyoming on December 20.
Mr.. and Mrs. Conley Stauffer and
daughter spent Wednesday and
Thursday in Alma
Mrs. Opal Owen was in Alma
Wednesday.
Mrs. Anna Hamlin. sons, Delbert
and Frank, sister, Mrs. Willard Nal
lory and husband and Mrs. Jesse
Beach returned Wednesday evening
from Pompeii where they were called
by the death of the formers daugh-
ter. Mrs. Charles Dilts. who died
Monday, December 8 as result Of
being severely burned that morning,
when the kerosene can exploded af-
TER she had started fire in her kit
chen stove.
Alma record. (Alma, Mich.) 1878-1928, 1920-12-16
m,'IIImIlIII,IiiiIuIIIIinIIIIIIIuImIIIliIl
SOUTHEAST COE
iIlIIIIuIllllIIIiI,IIllIIiIinIIn,IinIIiI

Ella Leonard visited at the home
of Mrs. David Bryon Friday.
Hugh Byers and family of Alma
visited here for short time on Sun
day, and on their return, his mother
accompanied them home for short
visit
George Keefer of Grand Rapids
is visiting at the home of his niece,
Mrs. Reed Barnhart, until after the
Holidays.
Ernest Leonard and family Of
near Shepherd Sunday at the home
Of his parents.
Little Donald Packer was taken to
an Alma hospital Wednesday where
he was operated on for appendicitis.
Alva Hopkins of st. Louis and AL
bert Salter of near Elm Grove were
Sunday visitors at the home Of their
parents, Mr.. and Mrs. Willis Hop
kins.
Alma record. (Alma, Mich.) 1878-1928, 1920-12-16

Moved by Commissioner Creaser
and supported by Commissioner
Archer that the proposed ordinance
known as Ordinance No. ia, "An or
dinance of the City Of Alma relative
to the running of locomotives, motor
cars and railroad trains into and
through the City of Alma and the
safeguarding of street crossings over
which said trains, locomotives and
motorcars are run, and TO provide a
penalty for failure TO comply with
the provisions thereof, and method of
reimbursements to the city for its
expense and costs in connection there
with" be placed on its second read.
ing. Motion prevails.
Moved by Commissioner Chick and
supported by Commissioner Glass
that the Commission adjourn. Mo-
ton prevails.
Chas. K. Murphy, Mayor.
Francis c. Hayward, Clerk.
Alma record. (Alma, Mich.) 1878-1928, 1920-12-16

Alma, Mich, December Is, 1920
Adjourned regular meeting of the
City Commission of the city of Alma
in session at the Council Chambers
on above date, to receive bids on the
sale of $4,000 Water Works I'm
provement Bonds of the City Of AL
ma. Meeting called to order at 8
O'Clock p. m. by Chas. R. Murphy,
Mayor.
observation-disclosures Creaser,
Glass and Archer.
Absent-Commissio Chick.
There being a quorum present the
Commission was declared to be in
session.
Reading of the bids submitted by
the bond houses for the purchase Of
the bonds of the city as advertised.
Moved by Commissioner Archer
and supported by Commissioners
Glass that; Due to the small number
of bids received and that better
prices would be obtained with more
competition. all the bids as received
and read be rejected Motion pre-
walls.
Moved by Commissioner Glass and
supported by Commissioner Creaser
that the city clerk be instructed to
readvertise the bonds for sale
Sealed bids to be received at the
next regular meeting to be held
Tuesday, December DIST at o'clock,
Central Standard time
Ayes-Commissioners Grease
Glass and Archer.
Nays-None.
Moved by Commissioner Glass and
supported by Commissioner Creaser
that the Commission adjourn. Mo-
ton prevails.
Chas. K. Murphy, Mayor.
Francis G. Hayward, Clerk
Alma record. (Alma, Mich.) 1878-1928, 1920-12-16
Good Advice

Take Chamber.ain's Tablets as
soon as you have finished your sup
per and they will produce a gentle
movement of the bowels on the fol-
lowing morning. They will also i'm
prove your digestion and make you
feel better in every way.-76-5w
Alma record. (Alma, Mich.) 1878-1928, 1920-12-16
IilIIiiIiiIIInIiIiiiIIIIiiIIIIIIiIIIlIIiiiIiIII
CITY COMMISSION
,I,i,,uIIII,IulIIIiIlIIilI,liIlIu,I,l,i,IIlIuI

Alma, Mich, December Ia. 1920
Regular meeting Of the City Com
mission of the City of Alma in ses-
sion at the Council Chambers on
above date.
Meeting called 70 order at o'clock
p. IN. by Chas. r. Murphy, Mayor.
Observation-Disclosures CHI k,
Creaser, Glass and Archer.
There being a quorum present the
Commission was declared to be in
session.
Minutes Of the preceding meeting
were read and approved.
Reading of bills and claims
Alma record. (Alma, Mich.) 1878-1928, 1920-12-16
vESTABURG
Observation-Disclosures

Mrs. George Peasley and Mrs. VIM.
Carts were in Elwell Monday visit
ing Mrs. w. f. Lenord.
Mrs. Dayton Bunce was in Alma
Friday.
Alma record. (Alma, Mich.) 1878-1928, 1920-12-16

Moved by Commissioner Chick and
supported by Commissioner Creaser
that the above bills as read be al
lowed and clerk instructed to issue
checks in payment of same.
Ayes - Commissioners G. h ick k,
Creaser, Glass and Archer.
Nays-None.
Alma record. (Alma, Mich.) 1878-1928, 1920-12-16
How To Re Healthy

If you would enjoy good health
keep your bowels regular and your
stomach and liver in good working
order This is easily done by taking
Chamberlain's Tablets. These tab
lets strengthen the stomach and reg
ulate the liver and bowels. They are
easy TO take and mild and gentle in
effect. They only cost quarter
76-5w
Money spent with us buys not only
good coal but satisfaction and reli-
ability as well. Brown Ward Co.,
phone 27.-60tf
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. and Mrs. c. d. Westerfield and
Miss Pearldene WEIGH, of Canalou,
Mo-, and Miss Ida Westerfield, of
Dundee, arrived here Wednesday to
spend a week as guests of Mr.. and
Mrs. ]. ID. Holbrook.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

We are informed that the local NJ
II. & E. freight train missed two
trips or two days last week on ac-
count of being caught by, as the
Trainmen say, the Dog Law. In
other words it did not get in in time
to start out again, and had to wait
over until the next day.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Dan King, of Owensboro, was in
Hartford from Monday until Wednes-
day morning. Dan came up to get
some gooseberry sprouts and dog
he left here about year ago when
he moved to the "YaIler Banks"
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

N. A. (Bud) Yeiser left here Tues
day for Montgomery, Ala, where he
goes to construct dwelling house
and barn on the farm of V. C. Elgin.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Hartford Lodge, No. CTS F. & A. NJ.
will meet in called session tonight for
he purpose of comforting the Masters
degree upon three candidates.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Miss Thelma Baxter, after spend
ing some time with her mother, Mrs.
c. G. Baxter, of Beaver Dam, return
ed to Louisville, Monday to enter the
Training School for Nurses at the
City Hospital.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mrs. Charles NJ. Grove went to
Tuesday. where she will
spend a week with her mother and
sister, Mrs. ]. S. Chandler and Miss
Ada Chandler.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mrs. w. S. Wheeler, who purchased
a farm near Horse Branch last fall
has sold the farm, and she, with her
family have returned to Hartford
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mrs. Martha Len" Ward died last
week at the home of Will Chapman,
in Ada Oklahoma. Mrs. Ward was
the widow of Len Ward and former
resident in this County, near Beda.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. E. G. Schroeder, after spend
ing a few days here with his family,
returned to Darlington, Monday,
where he is in the Photographers
business.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. Ben Taylor is expected to re-
turn today from Birdseye, Ind, where
he has been visiting relatives since
the first of this week.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

The Lady Maccabees of Hartford
will give box supper at the Hall,
Thursday night, Feb. 26. Everybody
invited to attend and all ladies will
please bring box.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

The rites of baptism were admins
tered to ten candidates at the regu-
lar services at the Baptist Church
Sunday night by Rev. Russell Walker.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Hinton Leach, student in X. S.
u, returned to Lexington, Tuesday,
after spending a few days here with
his father, Prof. Henry Leach.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. and Mrs. Raymond Phillips
are the parents of a new boy, born
Monday. The little fellow has been
christened Raymond Baxter.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

A full and complete line of fresh
Cocacola and othsy refreshing soft
drinks constantly eady>6r use at
the restaurant Of
CASEBIER G. TAYLOR.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Miss Belle Walker, who has been
i'll during the past week, is recover
ing and expects to be able to resume
her place in the school Monday.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. Erna Wallace, of Tomnolin,
Miss, returned to his home Tuesday,
after visiting relatives near here three
or four days.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. r. B. Martin, of Cromwell, was
in Hartford from Sunday until Tues
day morning, going from here to
Owensboro.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

am paying more cash every day
in the week for p ultry. Eggs and
Cream than any buyer know of.
L. T. RILEY,
Hartford, Ky.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. L. S. Leach, of greensboro, was
guest of his daughter, Mrs. E. T. San
defur and Mr. Sandefur, of Beaver
Dam, last weekend.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. ]. Caskey Bennett, after be-
ing confined to his home for some
three weeks, is able to be out and at
work again.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. and Mrs. ]. r. Wilson, of the
Fairview country, were in Evansville.
Ind, few days the latter part of last
week.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. and Mrs. Rowan Holbrook re-
turned to greensboro, Monday, after
spending a few days here.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

LOST hound, with black back,
ring neck, BLUE spotted legs and
breast, red eaA find end of tail off,
4 years old. Monty
HERBERT MIDKIFF,
Hartford, r. l..
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Rev. e. w. Smith is still quite sick.
Mrs. Smith and their little son, how
ever, have almost recovered their us
ual health.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Willie Patton, of this place, and
James Ralph, who is in school here,
spent the weekend in the Ralph
country.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mrs. John W. Hale, Of Fordsville,
was in Hartford yesterday, the guest
of Mrs. NJ. l.. Hcavrin and Mr. Heav-
rim.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Messrs. ]. G. Wilson and ID. C..
White, of the Horse Branch country,
were in Hartford Tuesday.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

DR.. c. r. Bennett, of McHenry, was
here Monday to see his father-in-law,
Squire j. II. Patton, who is on the
sick list.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. u. S. Taught was among those
from Centertown attending Court
here Monday.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. and Mrs. Il. p. Bennett visited
Mrs. BENEFITS sister, Mrs. E. C. Baird
of near Beda, Sunday.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

There will not be any preaching at
Mt. Hermon Sunday on account Of
illness of the pastor, Rev. e. W..
Smith.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06
FURNITURE! FpRNITIRE! We
have it at wILLI4ds & Duke TT

Mr. S. p. Byers, of near Friedland +,
was in Hartford yesterday on bust
ness.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

DR.. Frank Moseley, of Oklahoma,
is visiting friends and relatives at
Dundee and other points in Ohio
County.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Miss Ordra Ralph, of the Ralph
community, is a guest of Squire and
Mrs. j. l.. Patton this week.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. Clayton Shaver, of Livermorer
was in Hartford this week, on bust
ness.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

We carry nice ASSORTMENT of flesh
Candies and Fruit Of all varieties,
Gle, clean land, and whole$m'' h'-'sSt is
CASEBIER G. TAYLOR.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. ]. H. Hulsey, of Newman, KY
is a guest of his sister, Mrs. Siias
Gibson, this week.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mrs. w. F. Stevens, of Nocreek, is
spending a month with her father,
Mr.. ]. p. Barnard, of jeff, Ill.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. w, c. Knott, of Centertown
was in Hartford Monday and Tues
day.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. Silas l.. Stevens, of near Crom-
we'll, was visitor at this office Mon
day, while in town.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

We can still give you the Hart
ford Republican and either of the
Louisville Dailies for $3.50 per year
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Yes we have stOvis, E. c.lsimmOns
Cast Stoves and S9parcnfmallaOle
stiff WILLIAMS Il DUKE.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

The best by test FharpIfs Cream
Separator for sale b
31-tf WILLIAMS JUNE
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. ]. d. Taylor, of Beaver Dam,
Route 3, was here Saturday, on bust
ness.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. w. l.. Leach, of Route 8, Bea-
yer Dam was in town yesterday.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

FOR SALE-Good. young milk
Cow, see JESS cASEBIER,
Hartford, Ky.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

FOR oliver Chilled Plows, Vulcan
chilled Plows bndtrepa4s- for BOTH
see VIZ. ELLIS & BRO.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. c. B. Garden is able to be out
again, after several days illness.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

We pay cash every gay Tor eggs and
poultry. W. ?. fLIs'@BRo,
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Mr.. ]. ]. Russell, of Echols, was
in Hartford yesterday, on business.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Quite a large crowd was in town
Monday, attending County Court.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

Capt. j. j. Tilford, of Fordsville
was in Hartford Monday.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

have installed my Broom Factory
in the building adjoining DR.. Beans
Drug Store in Hartford. Will make
your broOms eta reasonable cash
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06
PERSONAL NEWS
AND SOCIAL EVENTS
Mr.. c. w. Morgan, of Route 8, was
a visitor here Monday.

Mr.. Louis French, of near Buford,
was in Hartford Tuesday.
The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-06

The Louisville Evening Times and
both one year for $3.50.
New-York tribune., 1920-01-25

conservative company. not making much
stir in the financial world. but saving
wood all the time My investments arc for
income. not srcculation.- IT, S.
Answct-1hc Railway Steel Spring
Company has shown good earnings on
is junior shares since 1918. Prior to
that it did not do so we'll. but in 1916
Il surplus Of S20i9 stare was earned
on the common. in 1917 $32.32 and in
1918 S1S.3S. Figures for 1919 are not
vet available, but they will likely show
a substantial balance for the common.
OF course. YOU must keep the fact we'll
in mind that Railway Steel Spring
common is speculative and lacks the
stability that preferred stock or a
bond would have You ask why this
stock should not be worth $3.50, as we'll
as some other stocks with not so IA
vorable a showing That is a question
that can be answered only by the peo-
pie who make the market in the stock
In these days of wild speculation
puts many shares at mar
kct levels far above their actual worth.
As to stock dividend on Railway
Steel Spring common. that has been
as a possibility, but does
not seem probable. We might call to
your attention the fact that the COM
pany has no funded debt now since the
bonds Of its subsi iary plants were
retired before maturity.
New-York tribune., 1920-01-25
Bonds Appear Well Secured

QueStion-Will you kindly give me your
opinion Of the Port 'land Railway. Light and
Power. Portland. Ore. especially in refer
ence to the first and rcfunding bonds lato
| bought one $1,000 bond eight years ago
at 70. and now they are selling below 60
which Is almost bankruptcy price Is
there any danger of defaulting or can they
be expected to do better AGAIN. G.
Answer-Judging from the report of
earnings of the Portland Railway Iiqht
ana Power Company for the nine
months to October |. 1919, i, would
appear that the first and rcfunding :
per cent bonds are in safe position
at present. The net operating income.
after deduction Of taxes FOR the period
named, was 50 2.407.s14. against s214;-
az" for the like period in 1918. Fixed
charges for the period were s1.7o6.9 .92s.
leaving net income of s7OO.S86
against s4S6,52S in 1918. no dividends
arc beng paid on the stocks. so the
surplus account is being increased.
Nearly all public utility securities have
feit the effects Of high operating
costs, with the result that they have
declined materially. Higher income
yields are necessary on investments
these days also. AT present rate Of
earnings there appears to be no danger
OF default on your bonds.
New-York tribune., 1920-01-25
States Liberty bonds,

safe as tho United States Liberty bonds.
with the long record al year. vl'Nout Il
loss They certainly arc rafer than stocks
paying per cont. and require practically
no watching OF course they arc not ~
readily sold rs stocks arc. and this is ore
drawback. What do you think of Perkins N
Co.'S Kansas first farm and city mortgages
and certificates? They also have long
record without loes. and look to me- about
as good as Liberty bond:.-A. T..
Answer-ln suggesting preferred
stocks we have cndeavored to give d
list Of those which have shown a large
margin of safety over a period of 1T
least ten years We considered these
stocks seasoned Bethlehem Steel
per cent preferred stock cannot right
fully be placed in this class. The com
pany's prosperity began with the war
period. and cons derable financing has
Steel has done no financing, nor has
Central Leather. nor Virginia Carolina
Chemical nor any number of other
companies whose stocks we suggest
from time to time Present earnings.
however. cntitlc Bethlehem Steel per
cent preferred to a good rating. The
Straus mortgages and the Pcrkin
mortgages are entitled to a good in
vestment rating on account of their
long record. But they do bear watch
ing. for we believe it is possible that
in the event Of a depression in real
estate values these mortgages would
find decreased equity behind them.
Everything in the way Of security
bears watching, for conditions change
materially over period of time. Lib
erty bonds, i'm our opinion, are in a
class by themselves.