davidaulloa/AmericanStories huggingface dataset:
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01
MEMBER OF THE ASSOCIATED PRESS
Blue Sky Securities

The inventory of the estate of the late Roger
c. Sullivan, Democratic leader Of Chicago, filed
in the probate court of Cook county, shows that
a large portion Of the state is composed of Sc
curities that are far from being valuable as
his friends believed they would be.
He probably took filters" in blue sky, as
many other unluck persons do, coming into pos
session of stocks that either have no value or
have deprecated to the point of being virtually
without market value.
The inventory of an estate filed here this
week revealed condition infinitely worse, but
both instances should serve as fair and con-
elusive warning to persons who banker after
buying blue sky fair in promises, but Elusive
as the air itself.
Wayne county has been for many years fer
tile field for the operation of stock promoters
They have taken out of this community millions
of dollars that might have been earning COM
Portable dividends if they had been invested con-
servatively and safely.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01
Good Evening
BY Roy X. Mouiton

HER FINISH.
There was young heiress named Dot,
Who marry a Yankee would not;
So a lord with an eye
To a "dot') he did buy
And the Lord only knows what she
got. Walter Pulitzer.
SATISFIED.
A presidential candidate,
The people crowded to see one.
But If l may choose my own fate,
I'd rather see than be one.
FOR AN OPENWORk GENT.
For Rent-Furnished room to gen.
tleman looking both ways and we'll
ventilated.-Want ad in Memphis
CommercialAppeal.
ONLY PAINTER IN THE WORLD
WITH AN IMAGINATION
Dear Roy-Out in Lyndhurst a
observation-disclosures painter
hung a "Detour' sign on the porch
steps in place of the usual wet
paint" fell. Some novel, Ell?
We attended a Is per cent off sale
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01
COULDN'T DOUBLE
UP HIS FISTS
Suffered great pains from
rheumatism of the Joints.
His muscles were sore and
stiff.
Claims great relief since TAX
ing Dreco, the great herbal
remedy.

When the kidneys become weak or
deranged II Is impossible for them to
separate the poisons from the blood
as it passes through these organs: the
kidneys are the filtering plant for the
body; as the blood goes through, they
strain out the poisons and pass them
from the system. If these poisons
stay in the blood. such troubles as
rheumatism, catarrh, sallow skin, dig
illness, headaches, etc, show UP.
The body requires a full supply of
pure, rich red blood. free from pois-
ons, to keep 1t In a healthy condition.
Dreco acts on the kidneys, keeping
them strong to purify our blood sup
ply.
The greatest relief I've known in
years is since l took Dreco, said Mr..
Lester S. Gayer, a highly respected
employee OF the Starr Piano Co, Rich
mond, Ind.
I've been full of rheumatism. ach-
ing joints. and sore mucles for a long
time.
My hands were so sore I couldn't
double up my fists; I couldn't bend
over without having terrible pains in
my back.
1--WE taken so much medicine that
my stomach was all out Of order. My
food didn't digest and l got nervous
and weak, but I'm feeling great once
more, for I've never seen anything
take hold like Dreco did. 1t simply
knocked out my troubles and put me
on my feet again"
All good druggists now sell Dreco,
and 1t is highly recommended in Rich
mohd by Glenn Thistlethwaite's seven
drug stores.-Advertisem
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01
Economy
venture,

The prospect that increased valuations of
corporations, coupled with increased assess
ments on personal property, will bring the total
assessed valuation of property in Richmond far
beyond the expected figure, thus enabling the
city and the school city of Richmond to keep the
rate where it is, does not remove the necessity
of administering the city's affairs as economic
ally as possible
America is in an orgy Of spending that seems
to have no limitation. Money is squandered
right and left, without any apparent concern of
the future or of the day when times will be hard
and money scarce Richmond as a municipality
has been trying to live within its income, but the
first effort to indulge in an unnecessary expend-
ture should be blocked emphatcally and de-
cisivey.
If the present prospect points to sufficient
money for the city, without raising the tax rate,
citizens should be glad that the burden of addi-
tional taxation has been obviated and not begin
at to suggest proposals to increase the city
expenditures.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01

what actually has be
last years crop.
With similar improvG
crops over early estin
try need not be ALARMED
foodstuff situation, So
are concerned. Oats II
ready promise a larger
year.
Corn. although plau
handicapped by low Il
in fairly promising cond
crop estimate for cornl
in July, and 1t is pred
in touch with the situi
will be the most disap
the reports.
There is. however, til
overcome its handicap
early estimate, as 9th
done.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01
Today's Talk
BY George Matthew Adams

THE BOYS WORTH WATCHING
He's the one who
always tries to do his best, who
never thinks or says: 70 well, I can
Just do this any old way, for no one
viii notice it,
He's the one who
is always thotful and courteous to
other people, especially to those with
whom he daily works and plays, and
to those whom age has wrapped Its
gentle mantle about.
He's the one who
cares more about learning than earn
ing, and who saves a portion Of all
that he earns-no matter how little.
He's the one who
greatly values time and is therefore
prompt to his work, and not afraid to
work overtime" He is not clock
watcher.
He's the one who
is neat and clean in his personal ap-
pearance and who takes pride in keep
Ing things about him. with which he
las concern in the same manner.
He's the one who
loves wholesome sports and Is an
athlete, and who is always game to the
core. Such a boy will glory in his
body, when a man, because he will be
strong. He will not fear to take
chances or to take the lead when other
step back.
He's the one who
has learned that to tell the truth Is
the only safe way to big goals. He
will not cover up mistakes, but ack-
nowledge them and go right ahead
sorry, but determined to keep ahead
of them.
He's the one who
wants to BE SOMEBODY in the
world,
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01

A Richmond attorney recently made inquiry
of professional friend in Oklahoma regarding
prospective investment in oil stocks in that
state Here is the answer he received from
man who is on the ground and able to judge i'm
partially and wisely: IF you have money to in
vest in oil stocks, spend it on your family, or buy
Liberty bonds
This advice may be applied with profit to any
investment in an untried and highly speculative
venture.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01

yesterday and got a good Sc pair OF
shoes for $1490.
The trouble with some laundries is
that, instead of cleaning the collars.
they only sharpen them.
HUSBAND TO WIFE.
Do you love me. or do you not2
You told me once. but l forgot.
work so hard for our rejection
have scant time for fond affection.
-Tennyson J. Daft.
Judging by our entanglements there,
and its fighting strength. the near
east is much nearer than the near
beer.
So few people are being sent to
sanitoriums for nervous prostration
due to overwork" these days.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01
T AMMANY CHIEF INDICTED
FOR ATTEMPTED BRIBERY

NEW YORK, July L. Thomas
Sheehan, Tammany chieftain of the
Fourth New York Assembly district,
was indicted by the Bronx county
grand jury yesterday for alleged at
tempted bribery of juror in the case
Of DR.. Julius Hammer, who was con-
victed last week of manslaughter in
the first degree. DR.. Hammer, who was
alleged to have performed an unneces-
sary operation on a woman who sub
sequently died, will be sentenced
tomorrow.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01

year one Of its best canvasses to some
American art gallery. The canvas
awarded came after an application by
Mrs. M. F. Johnston.
Cut short in the midst of tender
goodnight to his best girl by his horse
running away, Vcrlin Poland, living
north Of Centerville, dashed wildly
after the animal and followed 1t in a
50-foot plunge down the cliff on the
western bank of Whitewater Neither
the horse nor man was injured, but
the buggy was heap of splinters
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01
TWO FIREWORKS ACCIDENTS.

ANDERSON, Ind, July 1.-Two
premature Fourth of July accidents
were reported here today. Guy Boden-
horn, IA years old, had his left hand
seriously burned when toy cannon ex-
ploded. Dewey Jackson had his arm
severely burned while exploding fire.
crackers.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01
"T|Z FOR TIRED,
PUFFED-UP FEET
Instant relief for sore, aching, tender,
caioused feet and corns

You're footsick! Your feet feel tired,
pulled up, chafed, aching, sweaty, and
they need Til"
"Tiz' makes feet remarkably fresh
and sore-proof. "Tiz" takes the pain
and burn right out of corns, callouses
and bunions "Tiz" is the grandest
foot gladdener the world has ever
known.
Get a box of "Tiz" at any drug
store and end foot torture for whole
year Never have tired, aching, sweaty,
smelly feet; your shoes will fit fine
and you'll only wish you had tried
"Tiz" sooner. Accept no substitute
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01
JUDGE SETS TRIAL Dl
IN AUTO TT

SHELBYVILLE, Ind.
Judge John w. Craig d
Wednesday afternoon owl
ton to Quash the affid(
John and Harry Andersol
X. Ogden, charged with Cd
the request Of attorneys
be given separate trials.
be tried July 81, Harry A
20 and John Anderson
special venire of thirty
drawn for jury service.
At the conclusion of a
day Judge Craig issued
the warden of the Michiga
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01

Tor the appearance of Howard Ger,
indianapolis auto thief, who was semi
enced TO prison for life as an habitnal
criminal at the trials. Cert will testjfv
Tor the state and is expected IN sur
stantiate his confession. duplicating
the three defendants and Leo Ha~de
beck IN his business of stealing auto-
MOBILES in Indianapolis and bringing
them to this city for sale e1e
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-07-01
Memories Of Old Days
In This Paper Ten Years
Ago Today

The International Art Union of
Paris. France, presented the Rich
mond Art association with a canvas
which the union awarded an honorable
mention the year before. In 1908 the
Paris Art Union decided to give each
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-25
Stock Market
Unruffled by
IA p. C.. Money
Rise in Call Rate and Cut
in Inspiration Copper
Dividend Fail to Bring
Increased Selling

There were several developments
yesterday that might have been made
the basis for aggressive selling opera
tions had the professional element the
courage or the disposition to take
more definite position on the short
side of the stock market. One was
the rise in call money to ID per cent,
the highest rate since early April. An
other was the unexpected reduction in
the Inspiration Copper dividend. But
stocks generally displayed as much
stoldity to these unfavorable factors
as they have OF late to favorable influ-
ences. The market simply refused to be
stirred from its lethargy and stocks
moved irregularly, displaying early
strength and then sliding off in an
exceedingly unimpressiyc session.
The rise in call money to level
we'll above the highs of recent days
the top quotation previously this week
was II per cent-proved interesting,
even if it did not cause any eommo-
ton in stocks. Occurring at a time
when the demands for money for
to the barest minimum by reason of
the general slowing down Of activity.
it pointed to an extremely sensitive
money market and emphasized the
limited offerings available at the mo-
ment. The situation is one that obvi-
ously will prevent anything like re-
vival of speculation. After the end Of
the month the money position may be-
somewhat easier, although 1t is danger
Gus to make predictions for the reason
that the continuation Of transportation
difficulties is still operating to tic up
huge mass of banking credit. So far
~ c4D &C. y L
looks as if it will be kept on short
money rations for some weeks yet,
which will, Of course, initiate against
the successful Resumption of bullish
operations. 50
Announcement Of the reduction in
the dividend by the Inspiration Cop
per directors caused some selling of
copper shares, but it was evident from
the resistance offered by the group that
the unfavorable conditions under which
the copper producing companies have
been operating for many months had
been more or less discounted. Reduc-
tions in dividends have already been
made by number of the other leading
producers.
The largest fluctuations in the mar
ket yesterday took place in the special
issues, stocks which were affected by
special influences. Among them was
United States Industrial Alcohol, United
Retail Stores, Chandler Motors and the
chemical shares. Virginia Carolina
Chemical sold off after the announce
ment of the declaration of an extra
dividend of 2 per cent. Dealings in
Steel common fell to less than 10000
shares, the smallest turnover for the
stock in more than a year. Baldwin
Locomotive, which has been in the
hands of q pool, continued to display
trmness.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-25
In Wall Street
An !Anti-Climax

Publicity may be. as some assert, the
cure for all evils, but it often strikes
a deathblow as many a good rumor.
For moro then week, it had been
whispered around that the Federal
authorities had been Investigating
brokers and oil concerns. The rumor
factory. one Of the weil-known indus
tries Of Wall Street, increased pro-
cUction during the last few days, and
nongers Of the near truth connected
the names of leading brokerage and oil
concerns with the pending govern
mental inquiry. Shortly before noon
the long awaited news printed itself
letter by letter on the tickers Traders
on the floor of the Stock Exchange
crowded around and all of Wall Street
for moment looked to ascertain
whether the rumors would make good.
Various men and firms we're indicted,
but none of the well-known folk was
among them 1t was suggested that
the first indictments constituted only
the opening gun, but thus far the
rumors have dismally failed to make
good
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-25
Car & Foundry
Earnings in 1919
Show Small Drop
Increase in Reserves for
Common Dividends and
Sharp Decline in Mate
rails on Hand Are Noted

Surplus of the American Car and
Foundry Company for the year ended
April 30, according to a statement is
sued yesterday, was So ,301,192 after al
lowing for charges, Federal taxes and
preferred dividends. This was equiv
alent to $27,67 share on the s3o.OO0.-
900 common stock.
These figures show slight decline
from the preceding year, when the sur
plus was $9,671,813, equivalent to s32.23
a share. The income account showed
total profits, after provision for Fed
eral taxes, of $14,3S2,5 sos, a decrease of
S2,S9O,607 from the previous year. The
balance, after deducting $4,000 900
common dividends, was $4,7O1,192, a
decrease of $2,57O,621.
The balance sheet shows sharp de-
cline in the amount of materials on
hand, these being estimated at s15,-
oo7,lO8 at the close of business on
Aprll 80, 1920, as compared with S46,-
276,39S in the preceding year. The
reserve for common dividends con-
tlnued to grow, however, and crossed
the $10,00O,000 mark, reaching $lo,-
100000 by the addition of $500 900.
The reserve for improvements and
maintenance was lower than in the
preceding year, being S3,O85 oil as com
pared with S4,1O1,9 67. ~ VIII
w h. Woodin, president, in his re-
port calls attention to the business
transacted with the Railroad Admin
lstratlon and says that progress is
beng made in settling accounts. which,
he believes, will show "a satisfactory
aggregate profit" In regard to present
conditions, he says:
ut will be noticed there is sub
stantial increase in the property and
from the purchase of much of. the land
upon which is located our Chicago
plant. and which land has heretofore
been held under lease Several of
these leases contained options of pur-
chase, and as they were about to ey
pire it was deemed wise to convert our
leasehold interests into absolute
ownership. In making up the inven-
tory of materials on hand. the usual
practice has been followed-all items
being appraised at cost or less. and in
no instance IN excess of present mar
ket value.
"The need of the railroads both for
the repair of old and the ACQUIRING of
new equipment is great and insistent
helr problem is to finance the enorm-
Gus expenditure necessary. Upon the
successful handling of that will depend
IN large measure the prosperity Of
the country. Happily, the public and
congress are coming to a recognition
of the just claims Of the roads The
Legislation already referred to con-
tains provisions for governmental aid
where needed. The commission is
authorized to loan money to the roads
and where necessary to acquire equip
ment for their use. By the operation
Of these provisions or otherwise it is
to be expected that the railroads will
be financed to the extent of their
necessities-and there is every reason
to believe that the company will get
ITS fair share of the resulting bust
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-25
Southern Pacific
Income Increases
With u. S. Return
Deficit for Government Re-
suit of 1919 Operation
Compared With Profits
i'll the Preceding Year

With the aid of the governments
standard return of S4S,244,66O, the
Southern Pacific Company showed for
1919 a surplus, after charges, of S13,-
o47.284, equivalent to S1O45 share
earned on the $3O2,O24,9O5 capital
stock outstanding at the end of the
year. In 1918 the road returned a sur
plus Of $11,283 ,295, equal to s1098 a
share on s276,442,9o5 capital stock.
The annual report, issued yesterday,
covered eighty eight pages and en-
braced completely the operations of
the company last year. 1t was shown
ed to SCI 1892 an increase of S875.-
o46 over 1913. The total operating in
come was S54,4S8,777, an increase Of
$2,OO4,237.
Of the increase of s1,923,91 in
miscellaneous operating income the re-
port stated that 81 1925 ,629 represented
IAN Increase in the net operating in
come of the California Fuel Oil De-
partment, the result principally of an
increase of 1,418,0O0 barrels in sales
of produced oil and an advance of
1885 cent in the average price 1e-
ceived. A decrease Of $6,364,703
in gross revenues from and decrease
of $8356,094 in expenses of miscel-
laneous operations was attributed to
the fact that during the year the Fed
the fuel oil department only a small
amount of fuel oil other than that
produced from the company's own
wells. The result was the fuel oil de-
partment's dealings in purchased oil
decreased $500 900 barrels, or about
70 per cent
Julius Kruttschnitt, chairman of the
executive committee, told Southern Pa
citc stockholders in the report that a
net balance Of 1913 ,631 244 was due the
company as a result of the status of
accounts with the government in con-
nection with the control and opera ton
of the company's properties.
Mr.. Kruttschnitt said that an inspec-
ton of the Southern Pacific lines had
indicated that the railroad admins
traton had not maintained the prop
erty up to the standard of the period
Immediately preceding Federal con-
troll. He said that a special investi-
cation of undermaintenance during
Federal control is now being made.
A table giving the results of Federal
operations last year showed total rail
way operating revenues of $239,657,272,
compared with 1921, 611.2O6 in 1918.
Total railway operating expenses were
S1S6,927 4S2, an increase of S24,2O5,-
10, leaving net revenue from railway
operations of s52,729,7 S9, decrease Of
$685. 44. Further deductions Of
$9,47S.376 for tax accruals and SOL 1914
for uncollectible revenues left a rail
way operating income of $43,199,718, a
decrease of $6,23o,759 The total net
income from Federal operation was
$4,334 1856 under the standard return
and $12,014,973 less than In 1918,
when the government had a profit of
$7,757,935 above the fixed compensa-
ton.
The company's balance sheet showed
no important changes in investment
holdings, there being a total net in
crease Of $21,529,5SS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-25
Va.-Carolina Chemical Extra

When the Street learned yesterday
that the per cent extra dividend de-
clared by Virginia. Carolina Chemical
directors on the common stock was
merely in line with the company's
policy of bringing the total distribu-
ton for the year up to 6 per cent. the
same as last year, traders who had
been buying the stock turned around
and tried to garner some Of their
profits. The result was that at the
end of the day there was net decline
of rs points in the price of the shares.
While the company's report for 1919
is not yet ready for publication, it was
stated after yesterdays meeting that
earnings after preferred dividends
would show the equivalent of better
than 20 per cent for the junior stock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-25
Copper Dividend Cuts

The reduction in the dividend rates
of Inspection Copper and Greene-Can-
anea, announced yesterday had little
or no effect on the market prices OF
the stocks of the two companies AS
a matter of fact, Greene Cananea
closed at 80, point higher than
Wednesdays last sale, which suffered a
net loss of only half point. The
present outlook IN the copper trade is
still dubious despite the strenuou,
efforts being made to induce foreign
buying through extensions of credits.
Only this week it was reported that
small dealers are cutting prices, al
though the leading producers are still
adhering to 10 cents pound for spot
deliveries.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-25
The Market and High Money

held up yesterday in the face of Il
per cent money led to the conclusion
that important interests were still
buying stocks. believing that after the
first of the month the strain of the
past fortnight will have been ended.
1t is not expected, however. that money
rates will be permanently easy in view
Of the fact that time money Is
as scarce in Wall Street as hens
teeth and with 10 time money in
sight it is realized that there can be
no sustained campaign for bull mar
ket. Still there is an undercurrcnt
of opinion. supported in high banking
quarters. that prices will work higher
during the coming month.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-25
Baldwin Directors Elect

Directors Of the Baldwin Locomotive
elected Thomas S. Gates, of Drexel E.
Co., to the board and to the executive
committee to succeed the late Arthur
E. Newbold. A finance committee was
created consisting of Thomas S. Gates,
chairman; Sidney f. Tyler and Arthur
W. Sewall, and President Vauclan, ex
officio member. This committee is a
subsidiary to the executive committee,
to which it will report. There was no
action taken on the filling of the va
cancy of chairman of the board