davidaulloa/AmericanStories huggingface dataset:
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21
I1DAL TRAFFIC IS
DENORAIzED By
NEW YARDS|R|KE
Only Fuel for Utilities and
Hospitals are Going
East. -.
I[IIE Shipments BOON
ear Supply This Week Like
" to be Shot All to
Pieces. !.
IlIE Shipments BOON

With railroaders striking at various
inuints along the Baltimore and Ohio
fSiiroad today the Fairmont region Is
handicapped In shipments so tnat
nr6ctically all Of today's coal Will 60
either toSthe lakes, railroad fuel, pqb
Hc utilities, or western line snip
sl,ents.
With al Of the piers cut Of the
Eairmopt region today will not SEND
IN ounce Of coal east for export. 7.
W. Galloway, Baltimore, vice presi-
dent Of the Baltimore and Ohio rail-
sroSd, who Is in charge Of operations,
on Sunday night announced that all
ffeieht east OF Cumberland has been
em6argoed. This order was still in
6Ifect At noon today and the indtca.
tons were that It would continue.
Coal shipments east were greatly re-
stricted being composed OF railroad
fnel, and coal for public utilities and
HOSPITALS but there was a proyiso that
none Of this even could 80 to or
s IN IN tyre nf business the only ont.
,le{1 were the Cumberland Valley out
40f Marinsburg; the Western Mary.
7 nd connection at Cherry Run and
sSsp & r nnt N ShipDensburg. The
,;sSssss;an Z n N.as s snread about that Port
4 Ssine inv w.s open TODAY. but such is
NJ fhs case as Il IL down with the
~ n "a n,ers
~ :. ~ -. ,.,;., h,ro hoo,
Lake sniPmsn.s y. hETa Eniumnat nate -ecien Cgen
Sety shm !Fom JILL. sne Lr;II : Hitns taEa = n fson
glsMs tn1s ssason WI NJ atAS e,iir T. ieHS soH
y n eApecssal M l, tSst Ss ,asdSd taiis svO @U
aes q as s Sn STsl VIZ M Dg hrencSss .UHc VI ~
" @s sin sgyfS ~ LUZ .i'!saS.teS.s ~ sSsS =
7ssa 9,gss y, Is .sIrsSa,SS s S s tSattSs Con
s1 1.nS So1 e. gSmpans = ln,,s WIZ t0su wv
~ - ~ ~ =. :, =. s,,,sp sp, ~ r.-;o,s ,v.,.
sss0 lgsiIs ,.S5eh 'ystyar ,hns tar @ heve
Rg,nle, 9!., MuaS. ta - suSs s..,to s A"e
nes gssa s.sGse3 % .; ~ sue isiiAe
~ Ms5Nss ~, :, vhss.snn. .sa nnm.,oro am.
- 9 IeAs " tns " ~ MnSayuo tnSas. s,S a. q
eE uncertain The price o. coal coal is.! ts.
es y SgsS = g9n. ,.a D,TAetS tan me'S y,a;; sI
Qapiacnk z pL.cs a. easly da ~ ;say, ,rSIon Sa.s
~ 1 a Haet ~ ua ~ sae Gdy si,,n III t;ou ue'ei'p
llenss ~ tne s Is!lloaq y c si.aasi'n'
lis,,s.E lsasy ..!,, =. ~ SasS. " 49,, =, .ha
tneLe VIZ ,i = ta fa1 ~ y, SS pS,t;a,ore ~ ore
gng9aa n.s0s ss.s.o1 .od.u ~ ,le TSa.a Ho, ore
am vlio rs.,tVsa ~ sSTa Ss,on iIe anS tSe e
= ~ css Sn tas ns.oomant %s,StoI a,as sHI IaS rTs
Sarly Mornms p.ace%eas ieas,,,sd was a'tS,. 81,
slne cale souay io1. Me s.Ssotit aa,sS o.. ~ NJ
LOVES Vpea, A,aSt; !, e0Ss, ~ q, IL. ~: w. v.
7. ~; \, a.. A., a,s Ga,s ts5' Trea Tsa
iE2M NY sssiSsS o.S.-aa % @ 1eS9 %. cors tn ~
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21
WAR CONDITIONS PREVAIL IN LONDONDERRY
DAVIS \. ARNETT
D|ESM9G1HIEAR
Was Descended Of Pioneer
Family and Spent Life
In Locality.

Davis M. Arnett, aged IS, pioneer
resident Of the MoDongahela valley
died yesterday evening al his home at
Arnettsyille after an illness Of long
duration. The deceased was one OF
the oldest men in West Virginia and
his death took place within a hun
dred yards Of the spot where he was
soru. reared and spent practically his
entire life.
He was a descendant Of the Arnett
family which figured prominently In
the early history Of Monongaha and
Marion counties and the deceased
himself played an important part IN
the settlement Of the locality where
he was bonn and died. He was a
farmer and succeeded web In this yo-
cation. His wife died about twenty
years ago. She was before her mar
riage Miss Sarah Hayhurst.
He Is survived by four children F.
NJ. Arnett Of Phoenix. Ariz.: Lee Ar
nett, OF Portland, Oregon: Miss Mollie
Arnet.., Of Fairmont and Mrs. Dora
Clayton at home.
A son A. J. Arnett Of Coleman ave-
nue., this city, died last winter. He
Is also survived by the following
grandchildren Lon and Rex Arnett,
sons Of the late A. J. AInett and Mrs.
E. R. Barker Of Georgetown; Mrs. Lii
lian Brogan Arnett. Of Phoenix, Art
zona, and Mrs. Verona Haller Of Riyes
vile.
He was a man Of many splendid
traits Of character and was loved and
reyered in the community where he
resided.
The body was prepared for burial
BY Undertaken R. L. Cunningham. No
funeral arrangements have been made
pending the arrival from Phoenix,
Arizona, OF F. NJ. 1Arnett his son who
started this morning and is expected
70 arrive Friday.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

LONDONDERRY. June q Z tqH2
10 S O'Clock this morning thets NY
firing in riany parts ot tts a0S1 p
tween ) and / O'Clock thtse q i01l q !.
we're shot. One Of them vas ahsssI.
into The river. The Sim EsAsIs 2
turned the fire.
The two sides maneuyefed between
the street keeping up . tusilade mos
Of the day. Troops broke up ttls
fighting at 10 O'Clock this ncEglus
When the soldiers appear y one glass
however, fighting breaks out at aap!l
or. More soldiers are being sent o.
the scene Of the rioting: i.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

Several young people Of the First
Presbyterian church attended the
Christian Endeavor convention At
Grafton last Wednesday and Thurs
day. The following representa- Fair
mont: Elizaheth Black Wtllt2m
Black, Carter Jones, Pauline Barcus,
Katherine Jones, Harold Barctis and
Virginia Tedtick
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

The three churches on the East
side are contemplating having union
services on Sunday evenings These
meetings would help take care Of the
services In the absecce Of Rev. J. Z.
Buckley and Rev. C. F. Eddy.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

Rev. J. c. Buckley, Of the Diamond
street M. E. church, will leave next
Monday for Panacrea Springs, Va.
Rev. Buckley and family will 80 In
their automobile making 1t a two day
ride. They will be gone during the
month Of July. During his absence
the pulpit will be filled BY Rev. W, D.
Reed and Rev. John S. Robinson, both
OF this city,
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

Next Sunday morning at the Dia.
mond street M. E. church a class OF
fifteen young women will be graduat-
ed from the teachers training course
Walter Snow, state secretary Of Sun
day school, will make the address.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21
EASTS|DEPAS1ORS
On VACATIONS
No Action Taken by Minis
terial Association on
Union Meetings.

Next Thursday evening the Ladies'
Aid society Of the Diamond street
Methodist church will hold dollar
social. This Is for members Of the
society only.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

LONDONDERRY, June a. =R.ae
and revolver firing was almo& ccls
tinuous today and IS the people fsass
ed to venture out to work hustaess
was at Q standstM.
The mob this morning openly tinN
upon the troops. At 4 O'Clock thIs
evening the rioting was SIN q pIos
ress.
John Gallagher. wounded IN yestss:
days battle between unionlst ale
Nationaiists died today, bringing Pc
number Of deaths for the present: out
break up 10 si1. 4
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

Friday evening an apron social VIII
be given under the auspices Of the
Ladies' Aid society Of the Palattne
Baptist church. Invitations are being
sent out today. \
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

The. Ladies' Aid society Of the Pala-
tine Baptist church viii meet this
evening In the church.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

At Wednesday evenings prayer ser
vice Of the N. P. Temple an illusrat.
ed review Of the Quarters lesson Will
be given.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

It was this outfit which was attach
ed to the first American army In the
early days Of the big war. The It'll
actually fought In the streets Of Cha
tean.Thierry and helped win the VIC
tory incident to the saving Of Paris
At the entrance to the fortress flaps
the banner which the 7th outfit car.
ried through all the big battles. In a
Continued Ut Page Four
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

A special meeting Of the Official
board Of the First Baptist church will
be held this evening at 1880. Some
matters Of importance Will be pre-
sented to the bolrd. a 4
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

Next Sunday At the NJ. P. Temple q
special offering Will be lifted for the
benefit Of q lepet colony IN India.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

Rev. Charles F. Eddy, Of the, Pala-
tine Baptist church, will leave tomor.
row for Buffalo where he will attend
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

The Palatlne Baptist church has
voted to allow the school board to
use the basement OF the church for q
school room II they need 1t next term.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21
Mob Openly Fires on Tfoops
and Street Fighting
is Severe
MORE TR00PSRUSH!H'!!g||| | |||R|| !
Business at a standstill Be-
cause People Fear u
Go Out.
fBy Associated ProIll

10y ASsVclt1eu - Y I7'7lIt =
LONDON, June 21-Seyefe warccp.
ditions prevailed in London6eify g
day and the authorities are poweria
it is declared in a dispatch from I0n
donbeuy this afternoon Several Per
sons we're killed in this morning IS
OTIS. g
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

Tuesday evening Division No. . Of
Confined On page iourl
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

the meeting Of the Northern Baptist
Association June 1929.
Following that he Will go to Toronto
where he will attend the convention
Of the Baptist Young Peoples Union
July IA. Later he vii go to his for
mer home in Rochester, N. Y. During
hi sabsence, the congregation will at
tend the other churches on the East
side.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-21

And It's a real hero outfit that runs
the flag up the staff In the morning
and pulls It down at night-the IA
nous Seventh Machine Gun Battal.
New-York tribune., 1920-08-02

Question-Wil you please give me your
opinion on present value and prospective
increase OF st. Louis & San Francisco 6
per cent income bonds, how secured, past
record and future stability under what
seem likely to become Improved railroad
conditions in the near future? Also men
ton any other low priced railroad bonds
fairly good investments with reasonable
prospect OF advance in value conditions
may become more stabiized.--W. NJ. s.
Answer-We cannot attempt to say
what the operations of road will be
under the new railroad legislation. 1t
seems likely, however, with a fair in
crease in rates based upon present
property valuations, that the St. Louis
San Francisco will be able to maintain
itself as it has done for the past year
or more, perhaps even better. This
road has managed to earn actually
more than its fixed charges, while most
systems have been dependent upon
government compensation. We regard
the income per cent bonds as offer
ing very good speculative investment
possibilities. Other bonds which are
not high grade which have similar at
fractions are Denver & Rio Grande
improvement per cent 1928, st. Louis
Southwestern Terminal per cent 1852,
St. Paul convertible Az per cent 1882,
Lake Erie & Western first per cent
1887 and Rock Island, Arkansas &
Louisiana first Az per cent 1884.
New-York tribune., 1920-08-02
Spanish Tax Law Opposed
Foreign Companies Protest
Against Premium on Can;taI

MADRID, Aug 1.-Complaints and
vigorous action on the part of foreign
commercial and trading concerns rela-
tive to the new Spanish taxation law.
which went into effect early this
month. seem likely TO bring about a
revision Of the law when the Cortes
reassembes.
Imposition of a tax of ten pesetas
a thousand on the capital of foreign
trading companies having branches
here, and not on the capital of the
branches alone, have caused many big
firms to withdraw from Spain, while
others are preparing to move. For
eign banks in this country pay one
peseta thousand on the capital of
the institution in the country of
origin, and two pesetas a thousand
on the capital OF the Spanish branches
This has caused much vexaton to
foreign business men and banks whose
branches here are small. They find
themselves burdened with heavy pay
ments TO the government for capital
which has no relation TO the business
in Spain.
New-York tribune., 1920-08-02
Pleas for Aduice Reveal
CullibiIity of Investors
Inquiries From Tribune Readers About Stocks and
Bonds Composite Picture of Financial Hopes
and Fears; Reading Them an Education in Itself

Rich and poor, the elderly widow and
the young manicure, business man and
farmer, priest and gambler, miser and
spender, the tyro and the veteran-all
are represented from day to day in
the small flood of letters which comes
to the desk Of the financial editor of
The Tribune asking about stocks and
bonds. All are votaries in some de-
gree OF the great god Mammon, and
whether he frowns or smiles problems
arise which the Investment 1nforma-
tion column attempts to answer.
Taken as a whole, the picture is a
composite Of the financial hopes and
fears of The Tribune's great constitu-
ency and a cross-section of the whole
security world. Reading them daily
offers a liberal education in what not
to do, for people who have profits take
them and say nothing; those who are
doubtful or stand loss need advice.
Though many of the inquiries are
about the cats and dogs of the money
world, about half of them are about
gilt-edge stocks and bonds from those
forehanded folk who want to keep
what they have and are content with
q, reasonable return on their money.
Their attitude stands out in bold re-
lief against those who reveal a strong
streak of covetousness or the gambling
instinct.
Ignorant of Stocks
Nine out of ten of those who lose
their money, or most of it, through
speculation are ignorant of what they
are doing when they buy the Humpty-
Dumpty Oils and the Seedless Water
melon stocks. They are persuaded by
rapld-tire, one-call salesman, who
pockets from 121a to 33 per cent of
their principal as commission, that the
stuff is an investment.
Get in on the ground floor" Is a favor
lite argument for new corporations. and
another is that the money barons in
Wall Street never give the little fell
low a chance. The stock is usually
going to be advanced in price to-mor-
row, and the deal must be closed to-
Gay. because the salesman Is too busy
to come back. Too prudent, in some
cases.
The smooth talking, intensive sales
man OF this type has flourished in this
ttown, ever since the beginning of the
big bull market last year. lie often
has an Gil stock and often shares in
some industrial concern. Corporations
designed to finance the purchase of
automobiles are third grand division
OF the stock selling business.
The essential weaknesses in MANY of
them are: 1) The public puts up the
money and the promoters get the
New-York tribune., 1920-08-02

sugar. (2) The venture is untried, and
grossly against the victim. (3) There
viii be no market for the stuff il the
buyer needs to sell.
The edge has worn off the oil stock
craze. The public seems to have been
surfeited with the huge mass Of new
oil securities poured upon the market
last year. Much of this stuff has never
been digested, because it was undi-
gestible. There are many interesting
stories told of the operations Of oil
stock promoters. In one case the pro-
moters after selling q big block Of
be wise to drill for oil, just to be reg
ular. To their great surprise they
actually struck oil sand and got real
production. Whereupon they went out
and quietly bought back the stock un-
loaded previously upon the public.
Bought for Investment"
Investors inquiries often reveal a
queer quirk in the writer's outlook.
An elderly lawyer from up the Hud-
son came in the other day to ask about
public utilities stock which he had
bought at $40 a share-$34 900 worth.
When he bought it the stock was not
paying dividends. 1t Is now selling
around SO.
The gentleman in question naIvely
stated that he did not buy the stock
for speculation, because he had paid
for it outright. He actually was con-
vinced that he was not in the specula-
ting class because he did not trade on
margin.
The editor gets bouquets and brick
bats.a A woman writes: II didn't take
your advice before and was taken in.
This time l promise to do as you say"
But business man who wanted to
know whether his stock was going up
or down scribbled: "Bunk. This is no
information at all"
They never want to know when they
are going down, for the public usually
buys for rise and seldom sells for a
decline, though it is obvious that if
money is to be made out of the t1uctua-
tions in stocks it can be made on each
side of the market.
The trend of the queries offers by
contrast striking demonstration Of
the wisdom of Rothschild, who bought
when others were selling and sold when
others we're buying. For many of the
perpleXities which the editor is asked
to solve are those arising out Of the
present low level Of stocks. The in
quirers all bought higher, many at the
top. None of them sold at the top, and
few are buying now, when prices are
low. or seem so.
New-York tribune., 1920-08-02
Speculates in Marine Preferred

Question-Some time ago I purchased
ten shares of Atchison Railroad preferred
at sS7 a share. fifteen shares of American
Shipbuilding Company preferred at S9050
ten shares OF International Mercantile
Marine preferred at 81 7ls. also purchased
ten 800 Liberty bonds of the fourth "A 3
at par value. l have purchased the shares
on margin and the bank has them ali and
1 still owe the bank s2,s5S on them. l in
tend TO cell my Liberty bonds and buy ten
shares of International Marine preferred
at around sSl per share. 1t pays per
cent and 10 per cent in back dividends
which equals 16 per cent or more the
investment. At that rate l will make up
IN one years time what I have lost on
tho Liberty bonds. It Will take the bonds
New-York tribune., 1920-08-02
Irving National Bank Stock

Question-What do you think OF Irving
National Bank stock as an investment?
please explain why the stock recently took
rate and how payable ?-F. D. J.
Answer - Irving National Bank, a
well managed, growing institution. has
recently absorbed the Irving Trust
Company. The lower price for the
stock is due to its selling ex rights The
dividend rate is 12 per cent, s12, pay
able quarterly January l. The book
value of the stock on May 4, 1920,
not including Irving Trust Company,
was 215. The capital was s9.O00,00O,
surplus $10,340, 400 and deposits $780,
10000 The rights to subscribe to the
S3,500,000 new stock at 500 par were
worth about $35 a share.
New-York tribune., 1920-08-02
Argentine Products for Japan

Argentlna wIII eXhlbit Us products
at the Japanese exhibition to be held
in Toxic. Forty-one boxes contain
ing agricultural products were dis
patched on the Akata Maru and twelve
more boxes are to follow. The ma
Sociedad Rural, which association was
designated by the Argentine Minister
Of Agriculture to arrange for the
Argentine exhibit. Descriptive litera-
ture printed in English and French
and data on the economic possibilities
OF Argentina Will also be sent for dis
tr!bution at the eXposition.
New-York tribune., 1920-08-02
Midvale Steel Convertible 5s

ouestion-Having had recommended to
me Midvale Steel and Ordnance per
cent 1896 bond will appreciate your ad-
vice before buying. How is this bond Sc
cured? Do you consider a ) per cent
United States Steel q better investment
What Is the proper way for one to follow
the earnings Of company he is inter
ested in ?-T. II. S.
Answer Midvale Steel and Ordnance
Company convertible 5 per cent 1886,
of which there are outstanding $43,-
$4,000, are the only existing funded
debt Of the company and are secured
by pledge of all the capital stock of the
Cambria Steel Company acquired or to
be acquired. They are convertible into
capital stock at the rate of ten shares
of stock, par $50, for each 1000 bond
sinking fund of S500,000 a year is set
aside for the purchase or redemption
Of these bonds at not exceeding 105.
We regard the bond as a very fair in
vestment, but not so good as United
States Steel sinking fund per cent
bonds. The earnings of most of the
important companies are published in
The New York Tribune, giving COM
parsons with previous statements.
New-York tribune., 1920-08-02
.Iananese Oil Discoveries

Although number OF wells sunk IN
Formosa have proven failures or dis
appointments, one we'll recently sunk
in Kagi Prefecture, Formosa, is re-
ported as producing 400 gallons of oil
an hour, from depth of 400 feet,
while another bore on that island
failed entirely. 1t is reported that a
new gusher had been struck at Kami-
Shin-jomura, Minami Akita-gori, after
boring to depth of over 667 feet
which yielded about 3,400 gallons Of
oil per hour. Due to a shortage of
vessels to transport the oil, large
reservoirs are being dug in which to
store IL.
New-York tribune., 1920-08-02

-Four full columns Of in,
restment questions and an,
stcers are published in Tbs
Tribune every Sunday.
New-York tribune., 1920-08-02

more than one year to reach par value
also intend to sell the Atchison Railroad
preferred and do the same as STAGED above
And don't you think 1t would be better to
sell the bonds and railroad stock and pur-
chase on the scale down Marine preferred
and what do you think of the Marine pre-
1erred stock for safety and their future
business? DO you think they intend to
keep on paying this back dividend until
fully paid for. and what do you think of
me American Shipbuilding Company p
Z. r.
Answer-You are asking US to advise
you in a matter of speculation. We
make no attempt to do this. Inter
national Mercantile Marine has grad
ually been paying off its preferred
dividend Accommodations. The president
definite policy has been adopted, but
that. as earnings warrant the accumu-
New-York tribune., 1920-08-02

lations would be paid off gradually.
You must remember, however, that the
stock selling at 81 did not carry the
dividends recently declared. namely 3
per cent regular and per cent on ac-
count of accruals. This issue is specu-
lative not only on account of its posi-
ton. but because most marine issues
are speculative. The outlook for the
company appears bright, and it is eur
opinion that it offers fair speculative
investment opportunities. The same
may be said of American Shipbuilding
preferred
New-York tribune., 1920-08-02
Investment
Information

Questions Of general interest to
snvestors Will be dnswered in this
column, in which case only initials
will be used. Others wiiI be dsi-
swered by mail. Address all in
qnraes, inclosing q stamped, ad-
dressed envelope, to Financial Editor,
7he Tribune, 154 Nassau Street, New
York City.
New-York tribune., 1920-08-02
Would Swap Railroad Stocks

Question: have fifteen shares Balti-
more Ohio common at Sc. 1t has oc-
Cured to me that in view of the reported
excellent earnings OF Southern Railway 1t
might be wise to change the Baltimore &
ONO common to Southern Railway com
would help my postion?--E E. D.
Answer-Based upon present opera
tions, Southern Railway stock is more
attractive than Baltimore & Ohio stock.
However, the railroad situation is so
uncertain that there is no telling what
the results will be under the new legis-
lation. If you make such a change as
you suggest you must make up your
mind that there is large element of
speculation about the matter.