davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09
INVESTORS PREFER
LIGHT AUTOMOBILE
TO HEAVIER TYPES
Government Officials Com
ment on Growing Ten
dency to Buy Small Car.
by LOUIS LUDLOW.

WASHINGTON. May S.-Govern-
u.ent officials who are in close touch
with the automobile trade are i'm
pressed with the growing tendency
OF investors 20 prefer light automo-
biles TO the heavier types OF con
struction
One Of the government officials.
In commenting on this modern ten
dency. said.
The appearance OF the automo-
bile has kept pace with its mechan-
teal development This fact is the
more clearly emphasized by con-
trasting the trim. light. well-prOpor-
toned cars Of today with the bulky,
pretentious affairs that only a few
years ago were usually soon laid up
for repairs by the wayside.
Cars Too Heavy.
Those old cars were loaded down
with wholly unnecessary weight. and
their towering tonneaus only en-
phaFized their snub-nOsed hoods
where one or twO-cylinder engines
labOred and Gasped under burdens
away out OF proportion 20 their
power u is no wonder that motors
and parts constantly gave out. Such
Is the penalty OF weight, and even
today a car that remotely resembles
those heavy old relics Immediately
suggests trouble. inconvenience and
expense 10 the motorists mind.
THE beauty OF up-to-date cars
suggests their triumph over all these
handicaps. Their clean. low lines.
their perfect finish. the neat one
man tops and tilted wind-shields
the absence Of every unnecessary
detail and the presence of every
item OF equipment that makes for
greater comfort and convenience.
are all signs OF the great care that
has been taken throughout their
mechanical construction. In the
most efficient cars the same perfect
balance OF size and line has. been
carried ont I'm proportioning the
weight 20 the motor so that max
imum power is obtained with n
minimum OF fuel and greater
strength. comfort and dependability
have displaced excess weight.
1T Is these things that have
lifted the automobile from the plane
Of a sporting experiment 10 an in
dispensable part IN modern trans
portatiOn. and its ability to play the
part Is reflected in the general ap-
pearance OF the modern car"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09

ENERGETIC BOY. not under Il, strong
and capable; wanted by the s. S. Kres-
Ge Co, =. Michigan st. 3O03-11
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09
FEMALE HELP WASTED

good typist One With considerable o..
perience and ftmilihr with general OF s
Advancement Cnless applicant dcs-r.s
permanent poe tion. need not apply Sr--1
Bend Bait Co i10s High 81 o-6- 2
WANTED-OGlce help A large 1fs..
wakA manufacturing concern has F..
eral splendid Openings for both men r
women. Good salaries aud oDuortuuI+
FOR promotion. Apply in own haudur..
ing. c. b. a. News Times -of
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09

WANTED-Boy and girl, at Jnce. apply
In person az the Diana. III W Wash
gtOn az. 3b1J- 1t
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09
CLASSIFIED
ADVERTISEMENTS
LOST AND FOUND.

LOST AND FOUND.
LOST-Half- moon diamond Pin at Y.
". G. a or on jefferson blvd, be-
tween Michigan and Main Return 10
Mrs. Mary Norris. 215 :. Carroll -
LOST - Black grip containing brown
leather purse and baby articles Gail
County 47F3 Reward. SIS l.
LOST-If gentleman that gave man lift
Saturday, viii return goods lost ia
back seat. will gladly pay postage and
for trouble. II. Makepeace. 1OI Elm st.
Niles. Mich. 5112-J
LOST-An abstrac, or title To- 100 acre
farm: lost either ON the street or Niles
interurban car. return to Shively = Gil
mer, 90 GIG Farmers Trust Bldg. Re-
ward. Phone Main III. 1904 g
LOST-Bunch OF keys. saturday IL 10
a. m on s. s. Joseph near TAYLOR Tire
shop. KEYS were dropped on street.
probably between Jefferson and Grand
Trunk tracks. Return to News Times
and receive reward. 342J-tf
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09

WANTED - Tailor. weekly man, wages
81 per week. Apply J. J. Kruesberger.
216 w Jefferson. 3777-1
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09

WANTED-Men for steady factory work.
Apply at the Office. McHenry- Mill
house Mfg Co, 1902 ). Franklin.
BILLS
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09
INVESTIGATE OUR
Vacation With Pay"
Anniversary Check"
Go Partnership"
Life Insurance"

Plans. which are provided In adj
dition 70 the best day rates paid
I'm the state. Call or write
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09
LOST AND FOUND.

LOST Pocketbook containing bills. nsh-
ing license and Odd yellow receipt.
Address on both papers r. NJ Banes,
~ Lincoln Way T. Reward 31t2g
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09
MALE OR FEMALE HE'LL.

WE RECEIVE hundreds 81 calls for ste
nographers, bOokkeepers. general office
people. etc. II you are ambitious, even
without experience, We can place you In
Call W for hTst-class assistants Free
service We DO public work Best rates.
The Thomas School Licensed Employ
ment Agency. southeast corner Michigan
md Washington SITS, Third Floor Main
29O6 3432
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09

FIRENIEN, BRAKENTEN, baggagemen;
$40 20 $500 Colored porters by rail-
roads everywhere: experience unneces.
sary. 9O6 Railway Bureau. + st Louis,
Ill 800 .
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09

WASTED-At once. experienced dining
room and kitchen help; best wages
paid. Apply Mixes Restaurant. 105
Jefferson blvd :g05-11
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-09
MALE HELP WANTED.

WANTED - Representatives 20 call on
physicians and merchants 10 obtain un-
cOllectable accounts: pleasant work goo
pay. opportunity. Room 343, Wells bldg.
quincy, III. 64
WANTED-Reliable man 20 book orders
for fruit trees, roses. shrubbery, etc.
good opportunity write or wire Employ
ment Dept. Fruit Growers Nurseries
Newark. y. Y 1869
LEARN AUTO AND TRACTOR BUSI-
ness in six 10 eight weeks OppOrtu
mites everyW here Offering $50 TO 500
month Twice more equipment and
floor space used I'm daily practice training
than any auto school in America Maste-'
mechanic instructors and same method
ve tted % train thousands Of soldier
mechanics in GO-day courses. Write now
for free catalog Rahe Auto 4 Tractor
school, 2l35 oak st, Kansas City, Mo.
32S3.0
The Washington times., 1920-11-22
Big Surplus Shown
For Panama Canal

The Panama canal has closed the
best year financially in its six years
OF operation with an excess OF y2.3s7.-
500 in revenue over the expense Of
operation and maintenance.
Brig. Gen. Chester Harding, gov
ernor Of the canal. predicted in his an.
hual report to the Secretary OF War,
made public today. that within a rea-
sonable period of normal world con-
dltlons the canal would earn an actual
pront on its cost, which has been
,3OO,osO,OOO, exclusive of expenditures
Tor It's military and naval defense. In
the meantime, the general added. the
canal was performing an important
commercial service by stimulating
american trade with the west coast of
south America and the Orient. More
thah 20 per cent OF the cargo handled
through the canal since its opening
was IN transit between the United
states and South America. and l4h
per cent was between the Atlantic
coast oi the United States and the
Orient
Discussing the amount of money
expended by the United States on the
canal. Governor Harding said:
THE Investment. from one point of
view. may be regarded as having been
made and justified in the organization
or an invaluable element of national
defense. IL this be true. the canal has
an additional value In rendering use.
ful service in time OF peace. and in re-
turning 10 the Federal Treasury more
than sufficient to defray the expenses
OF its operation and maintenance. II
is capable OF doing more than this;
and IL is not an idle prediction To
state that with proper management
directed along the lines of a large
business enterprise, il will within a
reasonable period OF normal world
The Washington times., 1920-11-22
Houston Opposes the
Tax Extension Plan

Secretary Houston today put the
stamp OF the Treasury Departments
disapproval upon the movement for
a postponment OF the payment date
OF the December installment OF the
income and excess profits tax due De-
cember 16. At the same time he
emphatically objected to an extension
OF the met loss provision OF the
revenue act to the year 1920.
THE agitation for the changes
Mr. Houston said in formal state
ment given out today, "can only do
harm and, from the point OF view or
the Treasury. il is important that the
situation be made clear" He insists
that the Government will need all the
money that is coming TO IL before the
end OF the present calendar year to
meet the 500. 100000 certificates of
indebtedness which mature on De-
cember |; the semi-annual interest of
the first Liberty loan which must be
paid on the same date and the $500
100000 certificates Of Indebtedness
which mature on January Is, 1921.
1t is contended by Mr.. Houston that
the December 10 tax installment is to
be paid upon earnings of corporations
and individuals in 1919 and that these
taxpayers will have had almost twelve
months grace. He thinks this is all
that could reasonably be asked.
The stand taken by Mr.. Houston to-
day probably ends all hope of a post,
ponement of the tax payment due De-
The Washington times., 1920-11-22
LIBERTY BONDS.

sented to the President for his sig
nature, but which was held up at the
White House, was the most important
and far-reaching single piece of
legislation with reference to the Gov
"rnment's financial and accounting
work enacted since the original
Treasury act 1870 years ago.
The President. he declared, failed
to sign the measure. fearing that
Congress sought to monopoliZc con-
troll over Government finances. Judge
Warwick today announced without
rquivocation that Congress has an
absolute iight TO supervise admins
Federal expenditures. since il ia the
source Of all such authorizations.
at has seemed to me that the bill
passed at the last session of Con-
gress and presented TO the President
for his signature provided adequately
Tor the independent relations which
should subsist between general
accounting office and the executive
departments and independent estab-
lishments. with proper reporting
relation to the legislative and ap-
propriating branch said Judge War
wick.
Judge Warwick's views. hr said.
are fully outlined upon this and other
features which are embodied in IA re-
port which he will submit to Con-
Sress. Comptroller Warwick holds
that authority TO supervise receipts
and expenditures prcsupposcs author
lty TO supervise administrative meth
obs in connection with them.
The Washington times., 1920-11-22

formation as to value of General
Motors as a permanent investment.
Answer-Wc should not want to
commit ourselves on the constructive
side OF General Motors common stock
as permanent investment, owing to
the highly speculative character Of
the issue at all times, and particular
~ owing to its present upset condi-
ton along with all the other motors,
traceable directly to the drastic re-
adjustments that are going on in the
automobile trade and the abundant
evidence that the automobile COM
panJes are not in position to show
satisfactory profits in the immediate
future.
Our advice To you and to any other
investing reader is to look sharp to
what you are doing. Watch your step.
The immediate future is inflated with
lots OF pitfalls. Look out for them.
You are in danger of losing your
money If You engage in an uupru-
tected stock speculation at the pres
ent time, and purchase off Genera
Motors now is a speculation not q.
investment. Buy Il few shares OF
Atchison Railway preferred
The Washington times., 1920-11-22
BIG COAL PRODUCTION.

More than 1000. 600 tons of btu
minous coal were produced in the
United States during the week end
ing November 13, the Geological Sur
Vey estimated today in its weekly
report. Had 1t not been that many
miners were idle on Armistice Day. a
production record for the year prob
ably would have been made. the sur
vey said.
Inc soft coal output thus far this
year is placed at 10000. 900 tons.
which is less than the production dur
ing the same period in 1918 by IS. .OOO,-
ooo tons, but approximately $1,000, 900
tons ahead of the total for the first
go working days of 1919.
Anthracite production during the
week ending November It, the sur
Vcy estimated, was 1853, 900 tons,
compared with 1,115.0OO tons br the
preceding week.
The Washington times., 1920-11-22

J. }. O'A, Alexandria, Va.-Can
you give me any information con-
cer1ing the Jackson Motor Corn
pnny OF Jackson. Mich. l have over
$50 shares which cost me over
sl.2So. After paying 4 per cent for
sometime they have stopped.
l Vas wounded in France and can
i'll afford to have this money a total
loss. Any advice you may give
will be greatly appreciated.
Answer-We have no recent in
formation on jackson Motor Com
pnny. of jackson. Mich. 1t is our
impression that this company is still
in the promotion stage. We have
never advised our readers to buy this
stock because we considered II a
dangerous speculation. 1t is unfor-
tunate that we must advise you that
there is no market for the shares
and therefore you could not turn your
stock into cash or obtain any relief
from what appears TO be rather
unfortunate investment that you have
made.
J. W. e.. Nineteenth Street y. w.
Please let me have the latest in
The Washington times., 1920-11-22
GRAIN RATES SUSPENDED.

Proposed increases in the com
modify rates on grain and grain
products in carload lots from st.
Louis, Minneapolis. Chicago. and
joints taking the same rates to Kan
sas City. were today suspended until
March 90, 1921, by the Interstate
Commerce Commission.
The commission also suspended the
schedules increasing rates on grain
on Mississippi and Missouri river
crossings and other producing points
to points In Arkansas until March 90.
The Washington times., 1920-11-22
LOCAL STOCK EXCHANGE.

Two trust company stoCks-Ameri-
can Security and Trust and Co.ti-
mental, together with MergenthlIer
figured in the trading before call at
the session of the Washington stock
Exchange today. Six shares of the
American Security sold at 226. while
twenty shares of Continental IN .wo
sales went at 40. Four shares of
Mergenthaler sold at l211s.
Washington Gas SIS. consisting Of
two $1,000 and two $500 bonds, sold
at 96 following call. while two $1,000
Washington Railway general 6's sold
Immediately thereafter at S9L. and
TWO others of similar denomination
brought S9%.
Four shares of Capital Traction
stock brought $751;.
The Washington times., 1920-11-22
EXCHANGE SHOWS
NEEDFOR NEW BANK

Unfayorable foreign exchange con-
ditions emphasize the need OF inme-
date measures for financing foreign
trade.
John S. Drum, president of Ameri-
can Bankers Association, Is sending
every bank in the United states
propectus for the 500, 100000 Foreign
Trade Financing Corporation that has
been proposed by the Commerce ana
Marine Committee of the Associa-
ton. The propectus is the result OF
series OF conferences that have been
held in New York to consider the
organization OF such corporation
under the Edge law.
In the event OF organization II IL
proposed that subscriptions be re-
ceived at the rate of SI05 per share
OF 500, thus providing 800 'capitai
and IS surplus for each share SUP
scribed. There would be no under
writing or promotion stock.
PAYMENT AT START.
Law provides for payment OF 20
per cent Of the capital at the COM
mencemcnt OF business and balance
in instalments of at least 10 per cent
OF whole amount every sixty days
thereafter The corporation would be
permitted to issue it's debentures
against existing securities owned py
it to an amount equal to ten times
its capital. or maximum financial
capacity Of S11OO.OOO.OOO.
1t Is proposed that no business
shall be handled by the corporation
except that which shall be in the in
terest OF American foreign trade, and
then only if it can be entirely safe
from the standpoint Of stockholders
investment.
The meeting for the purpose OF or
ganizing will be held in Chicago at
Congress Hotel, December 10 and IL.
The Washington times., 1920-11-22
LIVERPOOL COTTON MARKET.

LINERPOOLL, Nov. '22.-SpOt cot
ton opened quiet. Prices were easy.
Sa les. 1000 bales.
American middling, 1916; good
middling, 1471; fully middling, 1871:
middling. 12.2l: low middling, 9.2l; {;
good ordinary, 6.21; ordinary, SCI.
Futures opened quiet.
The Washington times., 1920-11-22
Suspect Rate Cancellation.

Proposed cancellations Of water
competitive rates on lumber and
articles taking lumber rates from
Carolina, Georgia, Florida, Virginia,
and eastern Alabama points to Balti-
more, Philadelphia, New York, and
Boston today we're Suspended until
March - by the Interstate Commerce
Commission. The effect OF the pro-
posed cancellations would have been
to increase rates per 100 pounds about
2Ls cents to Philadelphia, 5 cents to
New York, and 3i5 cents to Boston.
The Washington times., 1920-11-22
COMPTROLLER WARWICK.

Comptroller W. W. Warwick, or
the Treasury. the Governments chief
judicial offer in financial matters,
To-Day asserted that with both parties
pledged to legislation for centralized
control Of Government eXpedltures
and the prospect of early passage
and signing of "A bill authorizing the
budgetary system, the Government =
auditing branches are already being
closely co-ordinated as a foundation
Tor the new plan.
Comptroller Warwick deplored the
7ack of system of buIgetary con-
trol, and declared that the budget
bill passed by both houses of Con-
gress at it's last session, and pre-
The Washington times., 1920-11-22
N. Y. c. SEEKS BOND ISSUE.

The New York Central Railroad to-
day applied to the Interstate Com
merce Commission for permission to
issue s6,494,000 OF 6 per cent refund
ing and improvement mortgage
bonds maturing October |, 2013. These
funds are to be used as security .or
loans. The road also asked permis-
sion to issue equipment trust certifi'
cates amounting to s9,600,000 at 6
per cont
The Washington times., 1920-11-22
N. Y. TRUST co. FOR TRIAL.

The Department of Justice today
asked the United states Supreme
Court to advance f,r carly hce ing
gases testing the constitutionallty
on the construction Of the ,rad.ng
with the enemy act, and action to
recover property seized by tn, alien
property custodian.
one OF the most important Of these
cases is that Instituted by the central
Union Trust Company Of New York
CITY.
The Washington times., 1920-11-22
CALL MONEY 9 FER CENT.

Call money renewed at : per cent,
but soon cascd off to 6 per cent. De-
mand sterling rose over , per cent.
A marked feature of the trading was
the scant supply of stocks. in sharp
contrast to the heavy throwing over
of issues during the past few weeks.
1t was declared that the decreased
selling in the market was due to
the fact that liquidation Of several
large accounts was completed during
the latter part of last week
The Washington times., 1920-11-22
CHICAGO GRAIN MARKET.

CHICAGO. Nov. 22.-Grain opening:
Wheat-December. lisa 1.69 March,
l.. a l.6l.
Corn-December. 65a65ia: May,
70ia q ~ July 72la 73a,.
Oats-Deccmber. iiM44ls; May. rs
G4S%.
The Washington times., 1920-11-22
NEW YORK COFFEE MARKET.

NEW YORK, NOV. 22.--Coffee mar
kct opened to o points lower today.
December, 6.35n6.37: January, 6.G0
"a 6.G3: March. 7.106J7.11 May. 1909
7.52: July, G,S5dG.9O: September. S.00q
e OF
The Washington times., 1920-11-22
NJ II g NJ n A
LOCAL SECURITIES.
wa.hIastea stock Exchange
SALES.

American Security and Trust. GO
226.
Continental Trust. 10allO, lOGllO.
Mergenthaler. 4Qisib.
After call:
81. .OOOa76, y5OOq7s. s5OOq76.
Washington Hallway general SIS,
si.OO0assA, s1.OO0qs9A, $l.O00assS.
81. .OOOds9&.
Capital Traction. 46s5l.
The Washington times., 1920-11-22
LESS0F STRAIN
IN MONEY MARKET
Scant Supply of Stocks Is Fea.
ture of New York Stock
Exchange Today.
by MAN kASE.
International News Service Financial
Editor.

NEW YORK, Nov. "a less
strained money situation. a further
advance in demand sterling. the inn
proved bank statements. and the ut
terances of several industrial dealers
forecastinG improved business condi-
tions. were reflected in an active de-
mand for stocks on the stock eN-
change today. on which the list rose
from l to over g points.
The Washington times., 1920-11-22
Brazil Lifts Food Ban.

The Brazilian government has
lifted the export embargo on food
products, Trade Commissioner r. NJ.
Connell, at Rio Janeiro, today cabled
the Bureau of Foreign and Domestic
Commerce,
The Washington times., 1920-11-22
THE LATEST WIRES.

NEW YORK.--ClearinC house state
ment Subtrcasury debit, sl.2s3,920.
EXCHANGES, S54s,S77,99l. Balances,
S92.lSl,S5S.
The Washington times., 1920-11-22
The Washington Times
Investors Service


II give
vetors' Service Munsey Building gton D. Z.
The Washington times., 1920-11-22
FARMERS WANT BANK HELP.

repeal of the excess profits and
sales taxes, enactment of legislation
to make bank credits more readily
available to farmers, transportation
problems, collective bargaining n
protective tariff on certain apricuI-
tural products and extension OF fur
ther credit to European> nations, are
among the subjects to be discussed
at the annual convention of the
American Farm Bureau Federation
at Indianapolis, December 6, Z and &.
Headquarters Of the. bureau here
announced today that speakers would
include Secretary OF Agriculture
Meredith, Herbert Hoover. Governor
Harding, OF tho Federal Reserve
Board; Sir Auckland Geddes. tho
British ambassador: william Red
field, former Secretary of Commerce.
and Governors Goodrich, of Indiana,
and Harding, of Iowa.
The Washington times., 1920-11-22
nan SILVER AT NEW YORK.

NEW YORK Commercial bar Fil-
ver today was quoted as follows:
Domestic unchanged at 99I. cohts.
Foreign | cent lower at "a cents.
The Washington times., 1920-11-22
COMPTROLLER GEN. SUGGESTED.

Recommendations to Congress for
the creation Of an additional office in
tho Federal Governments Comp
trollcr General OF the United states
to supervise the annual balance sheet
or the nation, are under considera-
tion by officials of the Treasury.
The Washington times., 1920-11-22
COPpEps IMPROVE.

The Coppcrs rails, motors ana To-
bacco shares all showed Improvement.
Anaconda sold to a gain OF threc
points while gains OF around ono
point wcyc general In other shares OF
this gro,fp.
Northern Pacific and southern IA
cinc featured the rails, the FORMER
selling two points higher and the
latter also advancing.
\ statement by George j. WheIan,
president of the United Retail stores,
that the dividends OF none OF his
companies were In danger, helped all
the tobacco stocks. American To-
bacco rose over points. Tobacco
products over ! points and United Re-
tail stores y roi'ts.
4, :, l,ubb,r sold up nearly 4
noints. while shipping stocks shared
in the Improvement, Atlantic Gulf
advancing over points and Ameri.
can International also advanced.
The Washington times., 1920-11-22
STEEL INDUsTRIALs IMPROVE.

The steel industrials all showed
substantial Improvement. steel COM
mon rose to S2I,. a gain of y. The
statement by Chairman Wilkinson. of
the board of directors OF the Crucible
Steel Company, that the current as
sets of the company as of August III
were three times the current iabili-
ties was followed by an advance in
CruCible. an upturn OF points.
Mexican Petroleum was in active
demand. selling up over five points.
Pan American Petroleum rose !
points, Texas Company and Royal
nnI ch nNnr y nninfs-
The Washington times., 1920-11-22
LONDON nan SILvEI

LONDON-Bar silver was I'D
lower today at 47Ad.