davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-09-16
FINANCIAL
To the Shareholders
of
International Petroleum
Company, Limited

NOTICE Is hereby given that a
company has been Incorporated under
the laws Of the Dominion Of Canada
under the name of international Petro-
kum Company, Limited, herein referred
to as the New Company, and that an
arrangement has been made whereby the
New Company will issue to the Pref.
erence shareholders Of the international
Petroleum Company. Limited, (Old
Company. one Preference share OF
$500 par value fully paid up and non
nal or par value Of its Common stock
fully paid up and non -assessable in ex-
change for each Preference share Of tbs
Old Company. and TO the Common
shareholders o. the Old Company tro
shares nithout nominal or par rdlue u
IL Common stock fully paid up aud
son .assessdble In exchange for each
Common Share Of the Old Company.
The New Company proposes to issue
1904, ,534 shares without nominal or
par value fully paid up and non assess.
able of the New Company in exchange
for 1,575.00O shares (being the whole
Of the outstanding stock). Of the Tropi.
cal Oil Company, company incorpo-
rated under the laws of the State of
Delaware and holding concessions from
the Government of the United States Of
Colombia. The delivery to the New
Company of 009o of the outstanding
stock Of the Tropical Oil Company has
been assured and in the event OF the
whole OF such outstanding stock not
being delivered then pro rata reduc.
ton will be made in the number OF
shares in the New Company to be ex-
charged for the shares Of the Tropical
Oil Company delivered to It.
Holders Of Bearer Share Warrants
who surrender their warrants to tbs
International Petroleum Company,
Limited New Company at SO Church
Street, Toronto, Canada, or to the
Farmers Loan 4 Trust Company, 10.
22 William Street, New York City, u.
s. A.. between the 15tn September,
1920, and the 30th September, 1920
inclusive ioill receive in erchdnge there.
for Bearer Share Warrants on the bdsis
t ttco shares Of the Ne,o Con, panv for
each share OF the Old Compdnv sur.
rendered. in accordance with the terms
aforesaid.
No Warrants for rights" will be
Issued and shareholders who fail to
exchange their old shares for the new
manner aforesaid will subject these
rights to forfeiture.
The books OF the Company will 90
closed from the 10th day Of Septem-
Der, 1920, to the Both day of Septem-
Der, 1920, inclusive and no Bearer
Share Warrants will bo split during
that period.
Holde-- Of Bearer Share Warrant,
are recommended to send their War
rants by registered mail insured as the
Company is not responsible for Share
Warrants lost in transit and duplicate
Share Warrants cannot be issued.
By Order of the Board,
J. Il. CLARKE.
Secretoru.
b6 Church Street,
Toronto, Canada.
23rd August. 1920.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-09-16
Uy|NGPUDL|CSENT'
PRICES DOWNWARD.
Lessened Dem and Halted
Mounting Costs, Says Reserve
Board Vice Governor
DEFENDS CREDIT POLICIES
BY the Associated Press

onarieston' W. va sep
buying public has "rebelled against ever
mounting prices and has. forced n period
Of read;ustmont of va,ues." Vice Gov
-. D.,. s A.. Ealn-oi Reserve
eIhor flatt' Oh tne re"era'
Board. declared today in speech mere
before the annual convention of the
west Virginia Association. Analysis of
Pho countrv,s business condition with
'he country business 'o,'o''u.
respect to the, price situation discioseS
a market lessening of demand. he said,
odd;nr ,b,t th, rosrsoI "a buy WHY
- .,, ''s, -, 'no ,',,,o continent
traceaoie directly 10 pubic Sen''N''"'
against hlgh prices; " a.. s,,,o h;s
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-09-16

terpiece. Recognized legal lights few
years ago who made a careful study OF
the contract declared II was both un-
breakable and nonpuncturable. Now,
there are an equal number OF the Legal
talent who assert the seemingly iron
clad provisions can be easily run over
and busted wide open.
The United Gas lease Of the city gas
works was framed by some Of the most
brilliant lawyers In Philadelphia and
was believed to provide for every con-
tingency that should develop to affect
the profitable end Of IL so far as the
company is concerned. With the con-
ditions which have arisen Incidental IT,
war 1t is found to fail lamentably to
meet the circumstances and conditions
which now confront the company.
In other words, IL the company Is to
carry out the lease there must neces-
sarily be a radical adjustment Of the
provisions or such amendments applied
MS to make further life OF the lease
profitable to the lessor. 1t is, Of course,
hard to look ahead twenty five to fifty
years, but from the unpleasant expert
ences In these cases Il Is reasonably
certain much more care will be taken
to provide for just such unexpected
>oHsaasSN'So III iuture ieHSenOiuS.
A former prominent local banker.
who retired from active business some
five years ago, in discussing the local
rapid transit situation. stated that he
had made very careful study Of the
present controversy during the sum
mer, while sojourning in Maine, and
and had about reached the conclusion
that Mr.. Mltten occupied very strong
position.
Sometimes, he remarked, "you can
get a clearer view of certain conditions
by distant viewpoint. OF course, by
reason of my years experience In the
banking business l was always In closs
touch with the street railway situation.
While not having any investments in
the Philadelphia street railway securi.
ties, l have always taken q deep inter.
est in the development Of the transit
situation.
'"As ! said, I believed Mr.. Mitten
holds what | would call a good trading
position. That is to say, he is standing
on ground where he will be In po-
sition to make good compromise and
which will undoubtedly be the ultimate
settlement Of the present controversy.
The position Is n good trading one for
this reason. Mayor Moore, apparently,
wants him to run the Frankford Gle.
waited. On the other hand. Mr.. Mitten
wants more money for his product--the
car ride. Cant you see the possibility
OF happy medium being struck which
will be acceptable to both sides. Both
have strong hands and 1t is In my
opinion, going to be draw"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-09-16
LESS GOLD PRODUCED
Output In 1919 $s,s1s,soo Below
Previous Year

Washington, Sept. ia Joint report
by the Mint and Geological Survey fixes
the total American production OF gold
during the calendar year 1918. at g.
9d8'e2S hne ounces. valued at $60.333,-
valued at S63,533.652, taken at the aver
age New York price of $l.12O87 per
ounce. This represented a reduction Of
$S,SlS,s00 in gold and $l1.l27,694 in sill
yer from the 1913 output OF the mines,
the report said.
California led among gold producing
states. with an output valued at sl7,-
39S,200, and Montana among silver pro
ducers with $l5,0l2,258 fne ounces
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-09-16

II. THE HOLDERS OF THE HUNTINGDON
COAT SOaMoArrO ArOMP,SYy SYyoTEIRRSET EIRSET fMs,thHoAD s,nt4Gh&
ExfENb6ESD6 ~ ,cotFTSNF B6Nbs B6HNGSydAGE
Notice Is hereby given that the above Issue
tended, for four and one half years ' or - unit,
April i 1928. The Principal Of these bonds.
The present holders on September SO. 1890,
On pressntatlon Of the same to the Pennsyi.
granting Annuities. 517 Chestnut st.,
rhlladelphla. after which date Interest on
cease 'eAN'u wan
Interest coupons should be detached and
PnnsSsSehted tor Layment on September Both,
N0'ff fhE EATHES11 TGSTisGnIHN,H sGGqnIHSN,Hs Ph,iSasDG!o
A. J. SMILEY. Treasurer,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-09-16
What Is q Lease?

AS result of the United Gas I'm
provement and the Philadelphia Rapid
Transit controversy the lease question
has become leading topic Of discus
sion in market circles and banking
porlors. Up TO this time little consid-
Grafton was given to a lease agreement
after 1t was once made, inasmuch as IL
was always looked upon as settled
fact of the terms being carried out until
the expiration Of the date of it's pro-
visions. Recent experiences. however,
have seemingly put an entirely different
aspect upon this once considered un-
breakable form Of understanding be-
tween the party of one part and that
Of the party Of the other.
When the Philadelphia Rapid Tran
sit lease with the Union Traction was
made it was blue -penciled and blue pen :
ciled by the late p. A. Il. Widener and
was regarded in legal circles as a mas
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-09-16
GOSSIP OF
THE STREET

The American people are not
showing disposition to speculate in
securities, in provisions, or in mer-
chandise,' says William A. Law, presi-
dent OF the First National Bank, in the
monthly review Of the business and
nnancial outlook published by that in.
stitution. They realize that general
business will be controlled in the future
py the ordinary influences growing out
od supply and demand. The whole
world Is still trying to borrow money in
cne United states, and the total de-
mand Is so great as to force interest
rates to an. exceptionally high level.
These conditions are the product of
world wide influences and not the result
OF any financial conspiracy to make bor-
rowers pay more than the accommoda-
tion is worth. II there ever were cir
cumstances justifying an advance In in
terest rates it has been those brought
about by reconstruction and the effort Of
all nations to set things to rights again.
Retail merchants in this district are
doing large business with sales some
what larger than year ago. Buying Is
more discriminating however, and the
public is showing its d-time interest
in getting good value for what it spends.
This is significant change from last
year.. 1t indicates that people are re-
covering from their orgy Of extrava-
gance and are living a good deal more
sensibly than in the days when the low
est purchasing unit seemed to be
five dollar note. Retail merchants,
here and in other cities, are finding II
difficult to formulate satisfactory pur-
chasing policy, for manufacturers In
many cases are refusing to quote the
reduced prices which would seem to be
indicated by the downward movement of
raw material. Some fall goods are be-
ing offered at advances over last year
and are difficult to obtain at even those
figures"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-09-16
Proposals

!, ci citHSats tWSa Rs,,F FOR THE CONsTRUCTI0N
ss Sss so%Ss, i G6arasss as'Sf 81 q
ssD 1885, q oreGsIyed hers Unit I. psD. NJ.
.'s-''ens on Appiioa tianoVe' Plans and speci-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-09-16

Another Drop In Refined Sugar
New York, Sept. 16.-The Federal
sugar R,hning Co. has reduced the price
OF refned sugar " cent pound, to 14h
cents, for bulk granulated.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-09-16
Bank of Enqland Statement

London. Sept. 1G.--The weekly state.
ment OF the Bank of England shows
the following changes: Total reserve
increased f76O,OOO; circulation de.
creased, f744,000 bullion increased
f16,053; other securities increased 81 ;.
1000; public deposits decreased. Il,
299.000; other deposits Increased, rs.
$4,000; notes reserve increased, f746,.
SoG goTernment COY mn securities decreased
reserve to liability this week is l1.SS
per cent; last week it was 1l.7O. Rate
OF discount is per cent.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-09-16
GovERNM ENT BONDS
Hungary In Financial stralts

Budapest, Sept. 10. - (By A. P)--
Hungary's budget, which was submitted
to the national Assembly here yester.
day by M. Laranyi, minister of finance
shows deficit Of 10000, 900, 900 kro
ner NORMALLY 1000, 900 ,0O0). Expen
ditures have been O,O00, 900, 900, and
the revenues have amounted to 10 OO"
900, 900 kroner, according to the M
ister's report. The deficit will be met Inv
a levy on capital and a foreign loan. -
The Prescott daily news., 1920-04-23

KresoD lip, all sizes at HESTER LY'S.
The Prescott daily news., 1920-04-23
WILL DISCUSS DISCUSS
 CONDITIONS

Washington April 22.--Sugar re- liners were asked today by the De- partment of Justice to come here Mon- day for conference to discuss "the general situation affecting sugar SUD- plies and prices"
 Howard Figg, assistant to the at- torney general, in charge of the price reduction campaign, declined to make public details of the questions which the government will take up with the sugar refiners. He said, however, that he proposed to go thoroughly into every phase of the situation, includ- ing detailed survey of available su- gar stocks and sources of supply It was understood also that the foreign market, principak3 Cuba, where American dealers have been obtain ing their supplies will be studied with . view to determining methods for in- ereasing imports.
The Prescott daily news., 1920-04-23
VERSIONS SELL LEASE
 FOR 16,0OO DOLLARS

Misses Sue and Callie Wesson of this city and L. E. Wesson of Prescott, their brother, who own 200 acres near the Stephens oil we'll, have leased 80 acres of their land to the Arkansas Gas and Oil Company for $16,0OO They are not in any hurry to lease any more as they have great confi- dence that oil in paying quantities will be found in the Hunter well.
 Reports from there say that the casing ordered few days ago is on the ground and is being placed as rapidly as workmen can put in. It will probably be two weeks or longer before the we'll is expected to "blow in."
 Business has picked up in the lit tie town and it is puttingon metro politan airs. It now has daily pa per which givec the oil news every afternoon. Tn state health board has representatives there who have taken care of the sanitary conditions and everything possible is done to safeguard health. A report today, however, says the traffic in leases has let up and the bids are not as high as they were yesterday.-Hop Herald.
The Prescott daily news., 1920-04-23
NEVADA COUNTY IN THE
 EYES OF THE WORLD

Of course the entire county at the present time is seemingly in the hands of the lawless element-that is to a certain degree and the pages of the daily press each issue carry numerous accounts of murders suicides, lynch ings, etc, no state seemingly escap- ing. But, it occurs to ue that Nevada county is getting "lion's share" of murders especially, the worst adver- tisement in the world for any com munity and as far as keeping these distressing occurances in the bounds Q four county is concerned, it is like trying to confine blaze to paper bag. The consequence of such pub- licity needs no explanation, because every sensible man realizes what the opinion of the world is ia communi- ty that has an uncommon amount of lawlesness. Following is an extract taken from the Arkansas Gazette of one day this week and is self-explan- atory: Governor Brough spoke on the subject "America's Conquest of the World". He referred, incidently to the number of tragedies that recent ly occurred in Nevada County. In re- gard to the law against the carrying of concealed weapons, he called att tention to the fact that "pistol toting' is a felony and asked the citizens to cooperate in enforcing this law. The governor said that reports indicate that many persons are seen heavily armed on the streets of Prescott on Saturday afternoons"
 The issue Nevada county law abid- ing citizens must face squarely even- tually or suffer the consequences is that of the "pistol toting" which ac- cording to Governor Brough's state ment, true or untrue, places us in an uncompromising position in the eyes of the world. If true, the law is a joke; if untrue, our innocense must be
The Prescott daily news., 1920-04-23
GOOD BYE 1.5s1 QUARTS

Fort Smith, April 22.-The first batch of contraband liquor to be des- troyed by the United States marshal under orders of the federal court, will consist of 1,651 quarts, estimated to be worth as much as $56,O00. It will be poured into the sewers connecting with the former United States jail building.
 A Ford and a Buick automobile seized by the marshal's forces in ar resting whiskey dealers will be sold at public auction at an early date, the court having authorized their sale.
The Prescott daily news., 1920-04-23
BONUS USED AS BAIT FOR VOTES
G. o. P. ACCUSED OF ATTEMPT ING TO BUY SOLDIERS FAVOR BIG TAX BURDEN FACED.

Washington, April 22.-The fight against levying sales tax to raise part of the money for soldier relief legislation was taken today to the floor of the House.
 Amid applause of the Democrats Representative Henry T. Rainey, Democrat, Illinois, charged that Re- publicans were attempting to 'sbuy the soldier vote" with the promise of $1.25 day bonus. The applause quickly shifted to the other side when Representative Tincher, Republican, Kansas, retorted that the Democrats espousal of a retroactive war profits tax was designed solely Ito catch votes"
 Meanwhile the Republican members of the ways and means committee had agreed tentatively on four forms of taxes for raising 1,500, 100000 in the next two years. While the sales tax was accepted by these commit teemen, added opposition to it was said to have developed though Repub- lican leaders doubted whether it would be eliminated as a revenue getting scheme. The three other levies tentatively accepted by the committee were tax on all stock exchange transactions, equal to the amount of the brokers commission, an additional suxtux on incomes, probably in excess of $5,000 and an increase of approximately 15 per cent on existing taxes on cigars and to- bacco.
The Prescott daily news., 1920-04-23
PRESCOTT BOY PITCHING
 FOR HENDRIX COLLEGE

Bill White, son of w. w. White of this city. and graduate of the Pres colt High School, is finishing his edu- cation at Hendrix College, Conway, Arkansas. The following clipping from the last issue of the Bulldog the college paper, show that he is up- holding the honor of Prescott in his college:
 Perhaps the most important event of the week of interest to the fans is the development of White into a pitcher. Although White reported when the first call for candidates was issued, he has been working out at the hot corner in the outfield until last week, when he worked in the box with the Pups against the Regulars in practice game. He showed up so we'll on the mound in his initial effort a twirler that he went against the Dogs" again Monday. He went seven innings and allowed only three hits. He has lot of speed and a fast breaking ball, and everyone wh ohas seen him work out believe he will make us a good moundsman during the remainder of the season with a little coaching aid from Coach Head rick.
The Prescott daily news., 1920-04-23
LET ROAD CONTRACT

Little Rock, April 22.-The contract for the construction for the concrete work, including the base of that part of the Spring Lake Road lying be- tween Thirty-eighth and Arch streets and the Rock Island railroad tracks, was let to Grady Grimes, contractor, for $28, APO, by Lund & Hill, engineers this afternoon.
The Prescott daily news., 1920-04-23
The obserya-

established before the world. We do know that when in the past any man has taken the life of another in N vada county, the killer didn't have to go home and get his gun to do it. Will we, enlightened people, act now or will we turn the county over to the consciousless "pistol toters?"
The Prescott daily news., 1920-04-23

We have just had placed with us a strictly up to date 7-room residence Il the best part of the city for sale. R interested zee us at once-Moore q Martin. 4-14-tf.
The Prescott daily news., 1920-04-23
PROFITEERING IN SUGAR

New Orleans, April 22-Affidavits will be filed before the United States commissioner tomorrow by United States District Attorney Henry Moon ey against several dealers of this city for charging 35 cents per pound for sugar.
The Prescott daily news., 1920-04-23

We will buy your cattle and hogs and pay the top market prices. Mum and Callicott. Phone No. 8. 19h
The Prescott daily news., 1920-04-23

Lost-Gray sweater call Carl Dal. rymple and receive reward. 1tdST
The Prescott daily news., 1920-04-23
MAY SELECT
 MEM LEADER

Washington, April 22.--A joint call for caucus of Democratic senator's to be held next Tuesday to consider the election of an administration lead CT was issued today by Senators Un- derwood and Hitchcock, rival contest ants for the office.
 Democratic members of the Senate met on Jan. 15 last to name suc- cessor to the late Senator Martin of Virginia, but deadlock between the supporters of both Senators Under wood and Hitchcock over their cleo tion prevented any final action being taken. At that time adjournment was taken subject to can of both leaders. If you want q business course in one of the Lest cenamercial colleges see us. We have number and vii save you money.-Daily News.
 Paris Green, all size packages at HESTERLY'S.
The Birmingham age-herald., 1920-10-16
Dope FavorS Red and Black In Today'S Battle With the
 Thurman Hornet
PROBABLE LINE-UP

Athens, Ga, October 15.-(Special)- The Georgia Wildcats left here to- night for Greenville, S. C., where they will endeavor to smoke the F,urman Hornets out of their nest.
 The Red and Black squad witnessed the Clemson Auburn game this after noon in Clemson. Georgia plays both Clemson and Auburn this season.
 Very little dope has been received rom thf Furman camp. However. it is estimated that Georgia is about five touchdowns stronger than the Baptist aggregation.
 From all reports it seems that Fur man is depending on forward passes to make her showing. Georgia is not uneasy of an aerial attack, as the Stegman crew is death on forward rasses and interrupting the pigskin
 It is believed that Dick Hartley, Georgia's dazzling halfback, estab- lished world record last Saturday against South Carolina when he ran ITO yards for two touchdowns in 1 minute and 20 seconds. Hartley is the fastest back in Dixie and the specta- tors of the fracas tomorrow will have an occasion to compare the dazzling speed of 1artley's to that of Speers'
 Furman is coached by Billy Laval and 1t might be that he has prepared surprise for the Wildcats. He and Sreers spent the summer at northern college learning new tactics and tricks
The Birmingham age-herald., 1920-10-16
Panthers 10 Meet U. Of M.
 At Rickuood
Game Between Local Eleven
 and Mississippi Begins at \ 2::30 Sharp
By JOHN F.. HOLMES


 The eagerly awaited contest between Birmingham-Southern and the University of Mississip- pi comes off today at Redwood Field at 2:30 o'clock,
 This is going to be one of the closest games of the season and the team put ting up the most fight is bound to win. The Panthers capped their hard week S practice by light workout on Munger Field yesterday and all are in the pink of condition.
 The new candidate, a modern Her cules, has been out for most of the practices, but will not be used in to- morrow's fracas. He will be used to spring a surprise on some unsuspect- ing team, no doubt.
 Propst will probably start at center in today's game, with Bagley in re- serve. Propst is now able to put up his best and good results are expected from him. Evans and Richardson will hold down the guard positions. The latter is a new man, but he has been highly commended for what he has done in previous contests. There will be a great deal of shifting at the ends, and it will be done among Baker, Speer and Staton, with a slight probability that Baty will be shifted to one of the places. Slim Neese and Coop Green are old timers at tackles and the start ing whistle ought to find them both on the line.
 For the backfield, there will be toss for Burney or Norton at quarter back. Both mon have starred in each of the three games that have been