davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1920-01-21
DISCOUNT CORPORATION
EARNS $257 ,506 IN 1919

The first annual report of the Discount
Corporation Of New York. made public
yesterday. shows that this corporation.
which opened its doors for businesses the
second day of January, 1919, transacted
total volume of business in bank and
trade acceptances of ss54,9s6,12l last year
The Discount Corporation, which has a
paid in capital Of 100000 and a paid in
surplus of $4,000 reports net receipts of
s257, sos for the year. This sum is equiv
alent to SIS per cent on it's capital and
90 per cent on its combined capital and
surplus After charging off various items
there remained a balance of S23i. .32s
which was carried to undivided profits
account The report shows that the com
pany has resources OF s1G9 ,S12.i55.
This was one of the several corporations
formed by leading financial and CONNER
cial Interests in order TO aid in the de-
vclopment and maintenance Of an open
discount market and to facilitate the
granting of credit under the acceptance
method of financing. Its directors and
officers e:--Directors-Francis l.. Hine,
president First National Bank; Edwin S.
Marston. president Farmers Loan and
Trust Company; Gates w. McGarrah,
president Mechanics and Metals National
Bank; John McHugh; J. p. Morgan, J. p.
Morgan g. Co. Seward Prosser. president
Bankers Trust Company: Charles II. Sa-
bin, president Guaranty Trust Company;
James a. Stllman, president National
City Bank: Eugene Y. r. Thayer, pres
ident Chase National Bank Officers
John McFIugh, president: j.. c. Wagner.
vice president; Jerome Thralls, secretary
and treasurer
The New York herald., 1920-01-21
Now Organizing
Another Investment
Trust Corporation
VIII Follow British Firms in Issuing
Debentures Against Foreign
Securities.

Following announcement yesterday or
the Incorporation Of the New Issues FL
nance Corporation 10 engage in interna
tional investment business, it was learned
that another investment trust corporation
is in process OF organization. 1t is ex
pected that this new company will be
one Of the largest Of its kind to be forrne-i
in this country.
Th4 capitalization of the proposed com
pany has not been determined yet, nor has
IL been decided finally whether or not II
will be chartered under the laws Of the
State of New York. The probability is
that it will take out New York charter.
The proposed company will be mod
eled along the lines OF the we'll known
English investment trusts. 1t will pur-
chase approved foreign securities. and
against them will issue its own deben-
lures for distribution in the United
states.
The New York herald., 1920-01-21
COMMONWEALTH BANK

NEW YORK CITY.
Jsnuary 18Th. 1920.
At the Annual Meeting OF the Shareholders OF
thia bank, held today. the following named gen
tlemen we're unanimously elected Directors for
the ensuing year
Edward c. Srhaefer gdward Rsnneche
psnlel pr1,bscher William II. Schmidt
Rsrnhard Tenecke John Rheinfrank
Charles A King Charles A. Stadler
Otto N FidIitg J. Chr. q. Hupfel
louis r zach Thomas g. O'Connor
f,ustay IIndenmever Frank fsulden
Athbei r. Fitch
Nc~srs George n Kanenbley. George A. Rbein.
frank and George g. Srhaefer were unanimously
elected inspectors of Election
AZ the meeting Of the Directors. held on Jan.
unsnirousiy rs-tiected viz:--Edwsrd @. schae-
Ter. Chairman Of the Board: Charles A. King.
President bernhard Belnccke. Vice President:
William II schmidt Second Vice President,
George r. A. OFT was raappointed Cashier. and
Julius r. Won Sternberg was resppointed Assistant
GEORGE II. A. oLT. Cashier.
The New York herald., 1920-01-21
Italian Bonds To Be
Sold Here at 81 IL
Early in February
Issue Of $4,000, 900 Authorized by
Treasury viii Be Offered 10
Naturalized Americans.

1t was learned in banking quarters yes
terday that the issue OF $4,000. 600 6i2 per
cent Italian bonds which will be offered
terest. These bonds win be dated Feb
ruary /. The flotation has been authorized
by the United states Treasury.
1t is expected that the new issue will be
brought out early in February. 1t will be
sold through Italian banks throughout the
country, with n view to reaching American
residents OF Italian origin.
The conversion privilege. whereby bond
holders may be paid. at maturity. either
in dollars or in lire at the rate of seven
lire to the dollar. at the holders option
has occasioned much favorable comment
among both Italian and American in
vestors, according TO the bankers who are
identified with the offering.
The New York herald., 1920-01-21
BEARS DISPOSED
TO REPURCHASE
Volume of Business Extremely
Small-LeSs Than 500, 900
Shares Change Hands.
RAIL ISSUES ARE NEGLECTED
steels and Oils Respond Sharply to
Cessation Of Pressure-Dis-
count Rate Factor.

Prices of stocks generally advanced yes
terday. with the tone of the trading at the
close strong. The improvement was due
rot to any public demands or to any bull
ish manipulation. but to tendency on the
part of the professional spectators at
he board to reverse their attitude of the
last few days in recognition of the fact
that they had gone too far on the bear
side.
Less than 10000 shares turned over in
he course of five hours demon stra ted
clearly in these days, when a 500, 900 turn
over Tor full session has become normal,
ne lack of public participation and the
Almost stagnant condition of affairs. The
Yoiume of business was the smallest OF
any day since the downward movement
was started. According to the traditions
OF the Street that means the market had
reen sold out and oversold.
lhat trading was not more active on
The upturn, however. was due to appre-
hension over the action of the Federal Re-
serve Board at it's meeting in the after
noon on the subject of discount rates. AL
though no announcement was made after
me adjournment of the board of any de-
cis on on the question it was generally
pelleved the Federal Reserve officials had
determined to increase the rate on CO.
.nercial paper to 5ia per cent and that they
would. make public their ruling today
AZ the opening of the market prices
were advanced slightly on scattered buy
ing and lack of pressure. The short in
terests then resumed their search for
weak spots. but did not meet with much
success Famous Players again was a
target, but the best the assailants could
accomplish was to drive that issue off five
points, two of which were recovered at
the close
The outcome of their efforts in that di-
rection and their failure to make the
"lshtest impression on United States Steel
common apparently convinced SPECTATORS
Tor lower values that they had run the
Ramut 1t was impossible to dislodge
stocks. Thereupon they resumed covering
IN cautious manner, with the result, as
before said, that the market generally
closed higher.
Steel and equipment issues showed i'm
mediate effect Of the buying. Rails, how
ever in which there has been no particular
selling movement, stood still virtually
Oil stocks responded to the covering move
nent and several specialties were moved
up sharply. Among the latter were In
dustriai Alcohol, American Linseed, United
states Realty, United States Rubber and
Goodrich Rubber. Sugars. however. made
the most substantial gains. Cuba Cane
led that group. IN connection with that
issue lack of demand for funds on call
caused easy tone in the loan market.
Renewals were effected at per cent one
per cent lower than Mondays level and
final transactions were made at per cent.
The New York herald., 1920-01-21

per cent in accrued dividends still due II
was cheap at current levels because pay
ment of these arrears is believed to hc
assured owing TO the strong financial posi-
ton. OF the company while the maintenance
of the six per cent regular dividend also
is well within reason. Atlantic. Gulf and
West Indies is regarded as an oil stock as
well as shipping issue. With regard 10
American Ship and Commerce. il was ar
gued that this has been neglected while
one of it's best friends has been active Oh
the short side of the general market.
The New York herald., 1920-01-21
London Wool Prices Firm.

LONDON, Monday.-At the wool auction
sales today 1900 bales were offered.
Prices were firm and buyers from the
Continent were more active Good merinos
and orossbreds were per cent above the
CpeninG.
The New York herald., 1920-01-21

De Beers Consolidated Mines, Limited
te~auc in the Union a~nAn
$4,000 american Shares"
ss. THE eaA SSsn S 1s % % M @
Deposit Agreement with
Central Union Trust Company New York as Depotay at the
OF five American Shares 70 ca
deposited
De Beers 43T South African Exploration Dsbne"e' slsoass
a b h s25ooooo
eed h the al
Consolidated Limited registered 1855 in the
. Kimberley wesclna putohpan
Bufonn practically the whole of the Koftontn Mine
500 of the worlds diametds
1915 and 1916 when suspended
shares, Of and
dendwas equivalent toa about$ per" American
o e
5rr"Ame Share"
be Depository in
American Shares in dollars without deduction under laws
who subjects ordinarily resident the United
dated Mines Limited giving regarding Company
which be had
Application be made n ( America
the essuof the
bc Alfred A Cook Esq.
Price SAT American Share"
when. . nd ah"ed
ubea Anotmen
LAZARD FREREs
19 Nassau Street New York City
% asss as%sss Sssls :ss Ss Ss s9s's sss Sss
January ~.
The New York herald., 1920-01-21

Charcoal Iron.
Continental Mot
Michigan sugar.
Mich Sugar pf.
Packard Motor q
Pack Motor g pf
PARK Davis a. Go
prudden .......
REQ Motor Car.
The New York herald., 1920-01-21
RAILROAD Earnings.
SHIPPING ISSUES RALLY.

Selling Of shipping stocks has been q
little overdone. in the opinion of interests
who have been following these issues. fes-
terday they showed rallying tendency.
This was particularly true of International
Mercantile Marine preferred. 1t was ar
gued on behalf of that stock that with ~
The New York herald., 1920-01-21
De Beers Consolidated Mines, Limited
in tn a
$4,000 american Shares

transfer Agent.
American Shares" Deposit Agreement with
New York Depoitary, the
five Deferred Shares
O the deposited
The New York herald., 1920-01-21

Am " Glass "
Rarnsdall.
Guffev Gillespie
fndept Brew ~
Kay 90 Gas ~.
Nariand Refg..
Mfrs iight & Ht
prh plate Glass
Rss~<siAe u Oil
The New York herald., 1920-01-21
Z Bid and Asked
Stocks Not Traded In Yesterday.
Bid. Asked.

Following are the closing bid and asked
prices of stocks in which there were no
transactions Yesterday:
The New York herald., 1920-01-21

TIE Farmers and Merchants Nattonsi Bank
locsted AZ Roswell IN the state OF Okinhorna Is
clofinr ia affairs All note holders aud other
creTitors ~ the sssoca tion are therefore hereby
notified ~ present the notes and other claims
'0r p'''H'D'' Il. IRBY. Cashier.
p,ted.--Jonuarv A. 1000.
The New York herald., 1920-01-21

Prices Firm oil Paris Bourse.
PARIS. Tuesday.-Prices were firm on
the Bourse today Three per cent renteS,
ssf. ooc. Exchange on London. 43f 15c.
Five per cent loan. 5sf. Soc. The dollar
was quoted at III. 0l9c.
The New York herald., 1920-01-21

sEx-dividcnd. fEx-righfs.
fs3enotes bid or offer On ten shares.
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1920-08-28
CATHOLIC ORGANIZATION.

The satisfying results that have at
tended the activities of the 1nterna-
tional Federation of Catholic Alumnae
since it's inauguration in 1914 have
served to call attention to the need
and desirability of a similar organiZa-
ton composed of the graduate bodies
of our Catholic colleges for men.
This is the day and age of organi-
cation. Since the armistice was sign
ed the most distinctive tendency of all
American Catholic organizations has
been toward coordination and CO.
operation on a national scale. The
recognition of the necessity of such
coordination has brought into exist
ence such organizations as the Ma
tional Catholic Laymen's Council and
the National Council Of Catholic Won
en-.
America today cries for Catholic
leadership. And nowhere are Catho-
lie leaders to be found of such quail
ty and in such abundance as among
the ranks of our Catholic college
graduates Equipped by careful edu-
cation that emphasizes not only the
mental and physical, but the much
more important moral phase of the
preparation for: life work, and inspired
by the example and precept of de-
voted men who have given their lives
that the Catholic youth may grow into
a loyal subject of his country as we'll
as a devoted son of our holy mother,
the Church, the Catholic college
graduate is peculiarly equipped to
take the front rank in the great Cath
olic movements of America.
A Catholic Alumni Association that
would foster athletic competitions for
our Catholic colleges might be the
means of bringing to their gates many
scores of lads who are lured by the
non-sectarian institutions.
The stimulation of public debates
the. standardization of college journal
ism, the fostering of the work of the
Students Mission Crusade and the
study of social subjects in our Catho
lie summer schools are all fields in
which a Catholic College Alumni AS
ISOLATION might achieve praiseWorthy
ends, and these without obtruding
beyond college walls.
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1920-08-28

still loyal, it should be fostered, and
helped to a position where it can stand
without apology, offering in the name
of the church the opportunities for
genuine, progressive, Christian educa-
tion,'' they hold.
Give Catholics Credit.
''The Roman Catholic Church is far
more alive to the Importance of re-
ligious emphasis in secondary educa-
ton than is the Protestant church,
and if we compare the list Of Protes-
tant schools given by the Commits
sioner (of Education) with the list
vouched for by the Roman Catholic
(Education Association it will be
found that the Roman Catholic Church
is supporting more than twice as
many secondary schools as all of the
Protestant denominations combined"
the report declares.
There are but three ways to give
the American people religious educa-
ton" says the report. First, by
teaching religion in the public schools.
Second, by withdrawing our children
from the public schools and establish
ing parochial schools where religious
and secular subjects may be taught
under the auspices of the church.
Third, by teaching religion in our
homes and in our churches. This
would require the building of system
of religious schools paralleling and CO
operating with the public schools
Then follows this comment on the
several plans:
THE first of these three methods
| violates our principles of the separa
| ton of the church and the State. The
second would destroy the public
| school system and at the end disrupt
| our American democracy with the
| fundamental principles of the Ameri
can Government"
This seems to mean that schools in
which religion alone should be taught
are recommended, while the purely
secular part of Protestant children's
education would still be acquired il
the public schools and on regular days
and during customary hours of theil
sessions.
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1920-08-28

business hours. The moment the lid
of the Office desk is down he ought
to change automatically into his so
cial" self and let his business self
have a complete rest until the lid of
his desk is raised the next morning.
In that way the self that must be so
keenly alert, that must concentrate so
surely during the day, can sleep for
eighteen hours out of every twenty.
four
The person who has mastered the
secret of thus alternating his mental
currents can stand enormous strain
carry heavy burdens and overcome I'm
told resistance without being in the
slightest danger of a nervous break
down.
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1920-08-28
WANT AN OFFICE POSITION?

Good salaries are paid to stenographers book.
keepers and other Office workers trained at this
mighty specialized business school. A CONNER
cial course here assures you satisfactory sal
airy, even to start. Graduates of this institu-
ton make good. They get better than ordinary
positions and advance rapidly.
A book of reliable information about training
for a business position will be sent Free on
request. If you can't come to the school, our
Home Study Department brings the school to
you Ask for special booklet showing how
tins differs from the ordinary correspondence
school Day and Evening Sessions.
o. ]. Hanson, Pres, Fargo School of Business,
Fargo, N. Dakota
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1920-08-28

Only very lonely person can lead
detached life, and even then a hun
dred restrictions condition it, if it is
at all valuable or worthy. To live with
and for others is the finest develop
ment of a high nature.
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1920-08-28
"BUSINESS" AND SOCIAL LIFE.

Each business person has a self that
assumes direction and control during
office hours and should have quite a
distinct and separate self for after
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1920-08-28
THE ACADEMY OF THE
IMMACULATE CONCEPTION
OLDENBURG,I INDIANA

FOR YOUNG LADIES AND GIRLS
Conducted by the Sisters of st. Francis.
Affiliated with the Catholic University of
America, the University of Cincinnati, and
accredited by the State Normal. Located charm
ingly the Batesville Station, ON the Big
Four. midway between Cincinnati and Indian
apolis.
tifc Academic and Classical. COLLEGE PREP
NEUTRALITY-SUSPICIOUS.. This department newly
reinforced. MUSIC COURSE-Based upon the
best European models. Fine Conservatory, with
spacious, scientifically constructed Concert Audi
forum. ART STUDIO-Equipped and conducted
according to the best approved methods. HOME
ECONOMICS-Taught with exceptional success
In the Culinary and Needlework Departments.
For particulars address,
THE SISTER DIRECTREss.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-02-08
Goodyear Tire & Rubber COMPANY.

Goodyear Tire & Rubber company.
Starting with dedication to the
daring drivers who by their racing
have contributed To the advancement
of automobile development the
booklet gives "A resume of the 1913
racing season, describing aQ the inn
portant races and the thrills accom-
panying each.
The place of racing in automobile
development, how racing tires are
made, and the terrific conditions
under which they are used, the won
derful timing apparatus, and such
interesting places as the pits, which
spectators seldom sec, but in which
men work with demoniacal energy to
save precious moments for the cars
and drivers, are all Vividly described
The booklet has an exceptionally
attractive cover design and is pro-
fuscly illustrated with action photo
graphs taken at all the important
races Of the year. and in addition
are shown the courageous men who
guide these monsters OF steel that
travel with lightning like speed.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-02-08
ANCIENT CUSTOM
BEING REVIVED
Highland Kissing Is
Battling the Judges
of Scotland.

LONDON. Rob. Z. --- Highland
kissing" between church members OF
the opposite seN-an outgroWlh OF
the "chaste aalutca ot elderly saints
In communion, handed down from
early Roman umes-- figured In a dl-
yorcc court at Edinburgh.
The custom rather baffled the
Judge, Alexander Ma,hcson, a tish-
ermau Of portnaguran. Stornowhy
was petitioner, the correspondent ne
ing A merchant, william Campbell.
The Judge held that the kissing
could not be regarded as conclusive
OF undue familiarity hut the core
spcnednt did more than kiss The
cvldcLcc showed he put his arms
ground the respondent, for when
the court could find no justification
Ia tho ancient religious custom, 50
he granted the divorce and awarded
Matheson $3.50 damages
The court said 10 might be very
well for elderly saints to greet one
another with "a chaste oriental sa-
mtc but 10 was a different matter
when a young married woman was
prom iscuously kissed by casual male
acquaintancos who were fellow com.
municants.
In ancient days II was taught that
damnation followed unworthy par
ticipation. II was only when the
lUsts OF the flesh had faded ana the
assurance Of personal grace had be-
come settled conviction that few
elderly people vouUred 20 approach
the communion table Nowadays,
however, younger persons were he.
coming communicates. and mat
caused an awkward complication re-
garding the kissing praCmce, the
court held
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-02-08
BOOK ON AUTO RACING
Goodyear Tire Company Prepares
Booklet on Thrilling sport
Sent ON Request.

Automobile racing numbers its fol
lowers by tho thousands, so great is
the attraction OF hundred -mile-an-
hour speed Baseball, football and
other major sports have their wild
eyed fans, but to thousands OF peo-
pie in the United States there Is no
greater fascination than the fenced
oval, snorting, distance destroying
racers, dirt and oil-sm cared drivers.
the acrid odor OF burning castor oil
and the gayly bedecked and thrilling
crowd. These have an attraction all
their own.
one Of the most interesting de-
scriptions OF automobile racing in all
its qualifications is contained in the
handsome booklet just issued by the
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-02-08
MOTOR CAR RUNS
Al ASKA RAILROAD
,ogs Hauled Over Wood
DVf Track System by an
Automobile.
pAy BALL AT NIGHT
Baseball Games Start at 10
O'clock; Drives a Dodge
Brothers Car.

Caustad Of Fairbanks
"a owner and operator of one
ESQ" ss ,y,rthest north" railways in
" 'he "a Ills railroad system
ne W. of Il miles of wooden rails
cons's'9 between the head OF nav
ihA ~ an tho Tolovana river to the
igS'V", ,.cer mines above. some 20
uch p",Syerlond from Fairbanks. The
mAvs nnv,r Of his railroad Is
mou'c 'Dcosge Erothers motor car, and
~ An pSone slch heroic work for the
u nas .'o seasons in initiating a gem
PN' tam locomotive that Mr.. Ghus-
a',i' ..S 'd,opped intdthe salesroom OF the
Ihe,tson Motor company Dodge
a.y,b a.,bers dealers in Los Angeles,
.as visiting in that city recently,
" W toId an interesting story OF has
.'..i,road" and the country 1t ira
ssss Mr.. Gaustad went to Alaska
T, me big rush Of '9s.
~ nave n sawmill half way be-
lam the Toloyano placers and the
,osa ~ navigation on the river he
"a "For two years ! have oper-
S.J '.sd tbe railroad TO haul logs to my
Nni arA from there to haul the
aaroA A lumber to the mines The
,-,ck is Is miles long and Is Of
..oodan rails. The Dodge Brothers
rsr js Of course equipped with
BANGED wheels and hauls a little
rain OF three cars behind 1t.
"In this fashion have hauled
loads az high as six tons without a
,,nrnur from the car. In addition TO
tbe lumber. | haul all supplies from
mo head Of navigation on the river
10 the mines, and get $50 a ton for
transporting IT, Sometimes | make
erht or nine trips a day, and this
rear the car covered only 5000 miles
4, the course Of the season.
"For six weeks OF our summer
there is something like % hours Of
hylight every day. In Fairbanks in
see summer we Start our ball games
4 10 o'clock at night because it is
ID so warm then. 1t is still a mag
pificent game country on the Tolo-
yano river, where my railroad is. and
,hree times this summer | scared up
moose along the track.
THE war brought great hardship
10 the gold miners of Alaska, for.
owing to the deprecated value Of the
dollar, their gold Is worth but little
more than half what 1t was five years
ago. Consequently many of the mines
are shut down. for the producers
figure 1t is not worth while to pay
excessive labor costs to mine gold
worth only half price"