davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
MARINE INSURANCE
HAMPERED BY LAW
Removal of Legislative Oh
stacIes to Growth Is Recon-
mended to House.

Existing statutes regulating ma
rine insurance represent provincial
treatment of an international bust
ness" declares a report on legislation
Instructions to the development Of
marine insurance in the United States,
prepared for the Merchant Marine
Committee Of the House by DR.. 8. S.
Huebner, Of the University of Penn
sylvania, and made public today.
The report advocates charging the
classes Of insurance which America
marine companies may write; the
authorization of reinsurance with all
American companies, irrespective OF
State boundary lines. which meet a
reasonable demand of solvency; and
the removal of existing barriers, es-
pecially with respect to the treatment
of deposits in foreign countries. to
the entry of American companies into
foreign fields.
The report advocates the letting
down Of legislative barriers so that
American underwriters may have all
of the privileges possessed by tn cir
foreign competitors.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
DANISH INTERNAL BONDS.

Ky. H.. Lenxf~i,ow street-Wiil
you please inform me as to the
present market value and desire,
bility OF the Danish Ist~rnai Pc.
Ceat Loas of 1918 (due 1926 tonds.
Also is Coea-COla still maintaining
its regular 81 annual Vl quarterly
dividend?
Can you give me a list OF bonds
quoted on the New York Exchange
that are available in 500 dcnomi-
nations?
Aasw~r-The following bonds in
500 denomination are listed on the
New York Stock Exchange and have
ready ma rk liability:
Chez .pcake and Ohio convertible
SIS. 1916, yield about S6.25; southern
Pacific convertible SIS, 1884. yield
about $40; New York Central com
vertibIe debenture SIS, 1885. yield
about 800: 81. Louis and San Fran
cisco prior lien As. 1850. yield about
$40: Pere Marquette LIST fs. Il. 1885,
yield about $685.: Colorado and South
or. refunding AIS. 1895. yield about
81. 40; -. Paul convertible AVS. 1881,
weld about $500: 81. Paul general
convertible SIS. 20l5, yield about S7o5.
Cocn-Cola's last payment was III
quarterly July Is. 1890. Tho Octo-
Der dividend was passed owing 10
poor earnings. We cannot undertake
to advise on internal Danish loans
owing to the highly speculative char
actcr OF such ISSUES.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
]. c. Would Issue Bonds.

The Illinois Central Railroad Com
pany today asked the Interstate Com
mcrce Commission for authority to
issue 50, 425.OO0 rcfunding mortgage 4
per cent gold bonds. The bonds are
to be used to aid in the meeting of
outstanding obligations.
The Illinois Central and the Chi
COCA. St. Louis and New Orleans rail-
road filed an application asking au-
thority to issue joint first refunding
mortgage bonds to the extent Of
So, 70S, 900.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
Hats Freight increase.

The Interstate Commerce Commits
sion today suspended until January
2S proposed increases OF cent a hun
dred pounds on freight rates for lum-
Der and other forest products from
points in North Carolina and Virginia
to Norfolk. Portsmouth and Suffolk.
Virginia.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
Chicago Provision Market.
SuSpendS Schedule,

Furnished BY Thomson 4 McKinnon.

The Interstate Commerce Commits
sion today suspended until April %
the operation of schedules providing
increased demurrage charges and
changes in rules governing weather
interference, punching" and average
agreement on cars placed for loading
and unloading. The suspended sched-
ules appeared in tariffs fled by the
Fore River Railroad Corporation in
Massachusetts,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
MUCH PRESSURE IN
n. Y. STOCK Mart.
Leading Issues Fall From One to
Six Points-Dealings on
Small Scale.

BY MAX NASr<.
I. N. y. Financial Editor.

New York, Dec. 27.-The industrial
stocks reflected the force OF selling
pressure in the carly dealings on the
stock exchange today, many of the
leading issues falling from one to
six points. The market was domi-
mated almost entirely by the pro-
fessional element. Dealings were on
an unusually small scale. There was
nothing in the way of overnight de-
velopments to account for the de-
cline.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
Albany Census Fiuures.

The 1920 population of Albany.
n. Y, announced as 1884, consists
OF 112,o4O whites. or sS.S per cent;
1924 colored, or IL per cent. ana
seventy of all other races. such az
Chinese, Japanese and Indians, tho
census bureau announced today
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
SELLING CONTINUES.

Selling OF many stocks continued at
the opening today despite express
sions from many leading financial
men that the industrial situation is
righting itself rapidly and the near
future should see marked improve
ment in business generally.
While the industrials were driven
down. the railroad stocks were in
good demand and made moderate up
turns. The strength in the rails dis
couraged more active selling in the
Industrial group. and served to give
the market an irregular appearance.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
j. s. SALES TAX
MEETS OPPOSITION

The report of the tax committee Of
the national industrial conference
board was made public yesterday.
with the announcement that the third
national industrial tax conference
will be held at Hotel Astor in New
York. January 81 and %.
The report opposes the sales tax,
condemns the excess profits tax. and
makes recommendations for the revi-
sion of Federal tax laws.
The committees report is the out
growth of the second national indus
trial tax conference. held in New
York last october. 1t calls for a sub
stantial reduction in the present sur
tax rates, and the deducting of any
net business loss OF one year from
the income of the succeeding year or
the preceding year, these recommen-
detions, according to the committees
estimate. reducing national revenue
to the amount of S1,150, 100000.
The proposals for making up such
loss in revenue are as follows:
FAvORs CORPORATION INCREASE.
The taxing OF corporation income
through a fiat increase In the corpora
ton income tax rate, 16 per cent be-
ing the maximum which can be inn
tice in many cases.
A discontinuance OF the present ex-
emption OF $4,000 with respect to all
corporations. From these sources. ac-
cording to the committee could be
procured about 40 per cent OF the
amount to be replaced.
A doubling and quadrupling OF
stamp tax rates. The stamp tax
might also be extended to receipts
for payments above certain amount.
or to checks, vouchers, or other evil
dences OF payment. Serious consider.
alton should be given, according to
the committeen to raising the rate on
frst class postage. From these
sources could be secured about 30 per
cent Of the amount to be replaced
Increases in and extension OF GUS
toms duties. Additional duties should
be limited to specified list OF COM
modities, with regard to easy supervi-
sion and collection. From these
sources could be obtained the remain
ing 40 per cent of the amount to be
replaced.
p SALES TAX HELD UNCERTAIN.
The committee is opposed to sales
or turnover tax. finding that such tax
is uncertain and that serious injury
to business would arise from uncer-
tainty as to whether the tax would
be shifted to the consumer.
The committee finds that the propo-
sal for an excise tax on the privilege
of holding land and natural resources
Is fundamentally unsound." IL says
the excess profits tax should be abol-
ished absolutely, AS It is complex,
difficult Of administration, based on
an artificial and unsolpd definition Of
Invested capital: invites excessive
loading; encourages extravaganza In
tho conduct OF business, and arouses
the hostility OF the taxpayer by its In.
demands for Information"
Finally. tho committee says sincere
and vigorous retrenchment In public
expenditure must stand behind any
tax system aimed TO work permanent
public improvement.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27

earnings Of the company. In oe-
opinion this is not a good time TO
invest In tire stocks OF any Kind.
The melton pietsSe tkestsr stock
yeu refer GO IL highly speculative,
sad We DO set consider IL - fsSest-
meat.
Deere PIew prefsrred r. . good
stsek, but even this good stock Is not
as good. In our opinion. as tsited
states steel preferred or Bethlehem.
Steel preferred.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
us. BANKS TO OPEN
HAMBURG BRANCHES

HAMBURG. Dec. 27.-The Mer-
camille Bank Of New York has
purchased a building in the busi-
ness section Of Hamburg and will
open a branch here the middle
of January. 1t will also rep
resent the Guaranty Trust Com
pany Of New York.
The National City Bank OF
New York Is said to have en-
gagged the personnel for a branch
to be opened here about the
middle of next year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
Investors Service

s Ws:Ainston Time. VIII ss .sS r1r y b s
svaisbs information from the sythotsyS sources
and reply All uSPaelhsd ~I ~ n:
lice. Nunssy Buiidi ID.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
FORMS FOR INCOME TAX
WILL Be READY JAN. 3

Distribution of forms for filing in
come tax return for 1920 will begin
January 8, the Bureau of Internal
Revenue announced today. Collectors
for each of the sixty-four districts,
the bureau said. will simultaneously
release six classes of forms on that
date.
The forms to be sent out, the
bureau said. are for making returns
on corporation income and profits
taxes, merchant marine corporation
profits taxes, and Government con-
tracts profits taxes, information as
to subsidiary or affiliated corpora
tons, schedule of taxable interest
on Liberty bonds and certificates Of
inventory.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
WE DO NOT RATE FIRMS.

J. J. NJ, East CapftoI "treet-
Please advise me as to the relia-
bility Of the firm of Il. II. spence
h CO., or inform me as to where i
can obtain this report
Aaswer-The firm OF f.. II. spence
4 Co. appears to have been quite sue
cessful recently in promoting the sale
Of the preferred and common stocks
of the National Equitable lnVestment
Company OF New York. me STOCK 10
soid mostly through statesmen who
rrnresent the firm. We cannot under
take, however. to give you q moral or
financial report on this concern. as we
never attempt to encroach on the pur-
view of the regulr reporting agenciea.
e. II. Spence & Co. is not a memo0
of any stock exchange.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
LOCAL STOCK EXCHANGE.

Stocks and bonds sold about evenly
At the session OF the Washington
stock Exchange today and the moves
of the day seemed to point directly
10 better business as the season pro-
crosses.
At the opening a $1,000 Washing
ION Railway 4 sold at So after which
ten shares of Washington Gas
brought 80. these two sales being the
only ones before call.
Later in four deals 100000 of Cap
ital Traction SIS brought S5%, a
81 900 Washington Gas 8 brought rs
and a $500 bond OF this issue also
sold at the same figure.
Two Washington Gas shares also
brought 80 and fifteen shares 3S% !;
As shares of Capital Traction sold at
SI5s
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
Index of Security Prices
Average Price Range of 200 Stocks and Bonds.

published November 30
cassfe with showing the increases
October &c. 1920 November 90 1919
the reliable available
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
READ 4 co. OPEN OFFICE HERE.

READ q CO. OPEN OFFICE HERE.
William A. Read & Co. one OF the
leading investment banking houses OF
New York. today opened branch Of
nee at 1874 Fifteenth street, which, on
account of the prominence of the
house, promises to shortly do large
investment business here.
Messrs. Leon Shore and Elmer f.
Sauter, who have been engaged in in
vcstment banking work here for some
time past. are in charge of the new
branch office.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
STEEL COMMON DROPS.

Steel common dropped I point and
heavy selling of the other steel
shares sent Baldwin Loco. down 2
points: Crucible over points, and
Republic Steel over l point. Re-
piogle Steel continued its wild fuctu-
atoms, selling up to over 40 early in
the day and then selling off.
Atlantic Gulf suffered the greatest
loss, falling points to a new low COR
the year. United Fruit was forced
down nearly 4 points, Mexican Pc
troleum yielded over . points, AMI
Pan-American Petroleum fell over
point. other weak issues were United
States Rubber, Sears-Roebuck, and
American Smelling, with losses Of
over points.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
NEW YORK COFFEE MARKET

NEW YORK. Dec. 27.-The coffee
market opened to 10 points higher
today.
March. 64Od6.60; May, 6.7698.77;
July, TO bid; September. 7:3Od7.35
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27

READING AND sou. PAC. LEAD.
Reading and Southern Pacific were
the leaders of the rails, both selling
up over point. Fractional gains
were made in Chesapeake and Obio'
Northern Pacific and New Haven.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-12-27
LIBERTY BONDS.

Furnished BY Morgan. williams Co.
ElricRa at n0NH.
Perth Amboy evening news., 1920-06-16
COMPLETE PLANS FOR
ALUMNI DANCE FRIDAY

Reports from the committees in
charge of the high school alumni
dance to be held Friday night in the
high school auditorium following the
commencement exercises of the 1920
class indicate that every detail has
been looked after and that all re-
naming now to make the affair a
success Will be the support of all the
alumni members. A six-piece or
chestra under the leadership of Will
fred tombstone has been engaged to
furnish the music from 1890 until
an early hour in the morning.
The members of the 1920 gradual
ing class will be the guests of the
alumni for the night. admission be-
ing charged other high school grad
yates and their friends The largest
turnout of high school graduates for
many years back is looked for this
year owing to the efforts made by
the committee to reach every alum
nus, whether residing in this city or
not. An alumni member will be per-
mitted to bring with him or her a
friend not n high school graduate.
Louis p. Booz, Jr., will serve in the
capacity of floor manager.
Perth Amboy evening news., 1920-06-16

copyright. 1890. by Public Ledger
Co. All rights reserved.)
The haunting. appetizing odors of
this European cabbage dish bring to
mind the old Prussian cabbage soup.
which is served with thick slices OF
rye bread.
How TO Prepare the Borsch
A small knuckle of e or a piece
of shin bone or beef with some meat
on 1t may be used. Have the butcher
crack the bone well. and hen wash
the meat n place in a large sauce
pan
Five pints of cold water,
One bunch of soup herbs.
One quart of onions. sliced thin.
Cook slowly for one and a half
hours and then add n and a hall
pounds of cabbage. sliced thin as for
slaw, and
One bunch of carrots, cut into a
tiers.
Three turnips. cut into quarters.
Three leeks. choppd fine.
-Four beets. cut into pieces.
Three red peppers,
Two cloves,
One bay leaf,
One teaspoon of thyme,
One-half teaspoon of sweet mayon-
naise.
Cook slowly until tender. and then
add one-half cup of wine vinegar.
Serve in bowls or soup plates, with
two tablespoons of sou cream whip
ped stiff. and strew with crumbs.
To Prepare the Crumbs
Place five tablespoons of salad oil
in a frying pan n add one cup OF
bread crumbs and one teaspoon Oh
caraway seeds. Cook slowly until the
crumbs are crisp.
Braiscd Cabbage
Select a firm head of cabbage
weighing about one and a half pounds,
and then shred as for siaw. Now mince
two ounce of salt pork fine. place in
a frying PSI and add
One cup of finely chopped onions,
One green pepper. minced fine.
Cook slowly until the pork is nicely
and then wash and drain the
cabbage and add to the pork and
Pour one cup of boiling water
h cabbage. cover closely and
let steam or smother until tender.
usually requires n half an
hour. Remove the lid and turn to
mix thoroughly, then season and
Perth Amboy evening news., 1920-06-16
Preparing Russian Borsch and
Seven Varieties OF Cold SldW
serve as & vegetable.
Cabbage au Gratin

serve as & vegetable.
Cabbage au Gratin
Chop two pounds of cabbage fine
and then place in a pan and cover
with cold water. Let stand for one
hour and then drain. Place in a
sarccr6n and cover with boiling wafer.
Cook until tender. usually about If
teen minutes, and then drain. Now
grease a baking dish thoroughly with
salad oil. Place n layer of prepared
cabbage, seasoning each layer with
salt and pepper and one tablespoon
Of grated cheese. Repeat until the
dish is full and then pour ovo the
cabbage two cups of cream sauce and
sprinkle the top with one-half q cup
ot bread crumbs and three tablespoons
of grated cheese. Bake in a slow
oven for thirty minutes.
Sweet and Sour re Cabbage
Chop fine one and one-half pounds
of red cabbage and then place IN a
large pan, owe with cold water and
let stand for one hour. Drain and
then place in a saucepan and cover
with boiling water. Cook until ten
der. While the cabbage is cooking
mince fine about one-quarter of a
cup of fat bacon, salt pork or ham
fat, place in a saucepan and add
one-half a cup of finely chopped
onions. Cook slowly until the onions
are soft and then d the we'll
drained cabbage. Season and add
One-half cup of vinegar
One tablespoon of sugar.
Toss until sealding hot and then
serve with boiled meats or stews.
Coleslaw
Shred one head of cabbage fine, then
place II In a pan and cover with cold
water, adding one teaspoon of salt.
Let stand for one hour, and be sure
to have sufficient water to float the
the cabbage. Drain by lifting with
the hands into a colander. then turn
on a cloth TO absorb the excess mois-
ture. The cabbage Is now ready for
the dressing. which can be a matter
of choice.
Cooked Dressing
One-half cup of vinegar,
One-half cup of water,
One teaspoon of salt,
One half teaspoon Of paprlka,
One teaspoon of mustard,
Three level tablespoons of corn
starch sfs ESl8
One level tablespoon of sugar.
Stir to dissolve thoroughly, then
bring to a boil and cook slowly for
Perth Amboy evening news., 1920-06-16
NothIna Pastime.

We should never speak of anything
as pastime, because 1t means that
we are doing the act In question for
the sole purpose of squandering time.
Every moment of our lives should be
devoted to such pursuits as will build
up our bodies and minds, our spiritual
and material interests, and prepare
us to discern opportunity when 1t
comes, TO the end that we make our
lives full of satisfaction TO ourselves
and a blessing to the world in which We
liYe.-Eychance.
Perth Amboy evening news., 1920-06-16

Whether planning a summer at
mountains or ~seashore. or just week
end trips, a light colored crepe de
chine frock may be depended on to
meet many emergencies. Crepe de
chine is more comfortable for cool
ish afternoons than organdie or
other dimities. and in buff, gray tan
or ciel bleu fits in for dinner wear
when a more formal dress is not re-
quired.
AS crepe de chine in n color may
be successfully Numbered, the simpler
the style the better. The sketch Illus
trates a design welcomed by the anna
teur dressmaker. rs it Is cut on famil-
lar surplice lines, with the plainest
of skirts.
In color a lovely cloud gray, the
sole trimming is ribboizine stitching
very fine silk braid which has been
used so much in %fringing and tassels.
Applied here exactly as thread would
be, 1t forms two rows of stitching
which drop in front to end in dec
orative silk tassels. A filmy net frill
becomingly frames the face.
Perth Amboy evening news., 1920-06-16
The Girl Who Smiled Thru
b. Z RUBINCAM

ting or" Mr.. Joyce made that old
excuse as though he believed it. Want
to come out and see my new straw
berry piants?"
mo thanks, not this evening" Alice
turned away down the steps. still puz-
zied and a little hurt.
She walked back slowly. thinking
about 1t. David disappeared and no
word from him. and now Clara gone
to the city without saying good-byel
She felt very much alone and desc
late.
At the street which led down to
the post office, she stopped. Should
she go down and see IL there vas a
letter?
whats the use? There won't be-"
she said and turned home slowly.
Tomorrow-A Birthday
Perth Amboy evening news., 1920-06-16
Personal Mention

Peter Francis Hughes. of Cornell
University, has returned to his home
in State street where he will spend
the summer vacation.
Bernard Greenbaum, of University
of Pennsylvania, has returned to his
home in High street for the summer
vacation.
William Allen, of Cornell Univer-
sity, has returned to this city where
he will spend a short time. after
which he will join his parents In New
Mexico.
Watson tombstone, of Cornell Uni
versity. has returned to his home in
Rector street where he will spend the
vacation months.
Perth Amboy evening news., 1920-06-16
store Used as Barometer.

Thefe is In the northern part or
Finland q curious stone which serves
the people instead of a barometer.
This stone, which the Firms call IL
makiur, turns black OF a blackish gray
when bad weather is approaching.
Fine weather has the effect of turning
1t almost white. The Firms regard the
stone with superstltious reverence,
but the scientists say that its changes
in color are due TO salts contained in
its composition.
Perth Amboy evening news., 1920-06-16

I three minutes Then remove frouf
the fire and add quickly one egg. beat
hard to blend, and hen aud four
tablespoons of salad oil. Beat again
and then cool. If this dressing -
desired thinner. vinegar or sour
cream may be added to thin IT,
Eggiess Mayonnaise
Place in a small mixing bowl
Two tablespoons Of ~evaporated milk,
One-half teaspoon of mustard.
one-half teaspoon of paprika-
Beat with a fork to blend thor
oughly and then add slowly, beating
constantly, two-thirds cupfu1 Of salad
oil. When thick and creamy add
Two tablespoons of vinegar.
One teaspoon OF salt,
One teaspoon of sugar.
This dressing may be thinned down
by using equal parts of evaporated
milk and vinegar.
French Dressing for Slaw
Place in a bow
One teaspoon of salt,
One teaspoon of sugar,
One half teaspoon of pepper,
One-half teaspoon of mustard,
Seven tablespoons of salad oil,
Two tablespoons of vinegar.
Beat with a fork until thick ana
creamy, and hen pour over the cab
bage.
Seven Varieties of Slaw
For variety add:
For number one, one n one-haif
cups of finely chopped celery.
For number three, three green pep
'pers. choppd fine,
For number four. two green n Two
red peppers, chopped fine.
For number five. one tablespoon OF
each, celery and mustard seed,
For number six. remove the tops
seeds and veins from either green
or red peppers and fill with slaw,
For number seven. cut a slice from
the top of small tomatoes. scoop out
the center with a spoon and fill with
slaw. Use coleslaw as a garnish for
praised. goulashes. stews and pot
roast; dust thickly with paprika n
a little grated cheese.
MENU FOR THURSDAY
Breakfast
Grapefruit
Waf1es Bacon Garnish
Coffee
Luncheon
Potato Soup
Vegetable Salad
Spongecake Cocoa
Dinner
Tomato Cocktail
Radishes Watercress
Fried Eggplant
Potatoes String Beans
Rice Pudding Coffee.
Perth Amboy evening news., 1920-06-16
Must sIeep or Die.

Quoth Sir Thomas Browne, zone.
half u days we pass In the shadow
of the earth and the brother of Death
extracteth a third part of u lives"
Why should we give so many hours
to sleep? For the purpose, we sup
pose, of giving the body rest. But
during the sleep no physical or men,
tai function is entirely at rest. We
do not know why we must sleep, we
only know we must sleep or die"