davidaulloa/AmericanStories huggingface dataset:
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-07-18
VANDALS ARE CHECKED
Prevailing Habit Of writing Names
In Public Places Gets Hard
jolt.

YELLOWSTONE PARK, wyo,
July l5.--UnthinkinE tourists who
dctace the beautiful natural forma-
tions of Yellowstone national park
by writing their names and crude
sentiments In gcyser bowls and on
hot springs terraces are meeting
with quick discipline this year.
Under an effective system OF regis
tration. every tourist entering the
park now Is hcing checked In on
arrival and checked out on departure
and hts method OF travel noted. II
In his own automobile, the state
number Of the machine is recorded.
with SUCH Information available.
conversations like the following
sometimes are heard over the park
telephone system.
"Heilo. hello. fs this the north
The Dolores star., 1920-04-02
LEBANON


The school children decided to put
the name of our little suburb on the
map again for awhile which they did
by giving dance Friday night. A
| good crowd and good time was reported
| by all who attended. Several came
out from Dolores.
Miss Myra Miller and Miss Helen
Corbett came in Saturday from their
school at Durango to spend their vaca-
/ tion week with the home folks.
The E. f. Wallace family returned
home from Durango on Saturday to
stay.
Miss Alberta. Padgett visited with
Miss Bertha Roelfs on Sunday.
The Methodist Sunday school began
again Sunday as we considered the
| good weather was about due and was
pretty well attended for the first day
We hope the parents will show an in
terest in this effort for good influence
| for the young folks and lend their aid
whenever possible.
Frank Wedellis is pruning their orchard
and George Wedel is pruning the
Clahin orchard.
The Ladies Aid will meet with Mrs
S. NJ. Rentz on April 8. All are in
vited
Mr.. and Nus. Chas Campbell enter
tained on Sunday Mr.. and Mrs. Ham
lin of Lewis and Mr.. and Mrs. Dick
Farwell of Arriola.
Charley Knight had quite time last
week when he started to the eastern
part of the state. He waited in Du-
range several days and then returned
| to Dolores and started out by way of
Telluride.
The Hansberry family have moved
INTO the Lebanon hotel for the summer.
| Mr.. and Mrs Jackson enjoyed a
good dinner at the Clafin home on
Sunday.
Allan Hammond's are hauling baed
hay to Dolores this week
A. C. Corbett is in Pagosa Springs
on business this week.
VIM. Goodall has taken good posi-
tion in Telluride.
We notice P. A. Mccormick speed
ing around our streets in brand new
Overland
Clinton Woods narrowly escayed in
jury ~-hen he missed the bridge near
Allan Hammond in binding snow
storm Friday night turning his car
upside down smashing it pretty bad.
Mrs. Reamer Leavell spent Wednes-
day with her sister, Mrs. A. A. Rust
at Dolores.
Myril johnson and family came in
from Redvale Monday. 1t took -four
days to make the trip in their Buick
on account of the terrible condition OF
the roads.
The Dolores star., 1920-04-02
YELLOW JACKET

Kelly Tracey spent the weekend
with his uncle and aunt, Mr.. and Mrs.
Jacob Moody.
Mr.. and Mrs Gordon Wood and
children came up from Montezuma
canyon last Thursday.
John Willis, Charles Gilliland anG
Clarence May were dinner guests of
Kelly, Opal and Lillian Tracy Sunday.
Miss Lola Stevenson visited Miss
Bane last week. They attended the
school picnic and dance at Ackmen.
Miss Alice Pigg, after closing a very
successful term of school at Ackmen
last week, opens school at Four Corners
this week.
Messers Edison Lewis and Walter
Banter and the Misses Wiella Ruth
erford, Thelma Hawk, Lillian and
Opal Tracy attended the dance at
Ackmen Friday night.
Miss Kathryn Willis started to the
camp at Sylvan Monday morning with
supplies for her father.
1T never rains but it SHOWS, we
know Fred Hutchins thought SO Friday
afternoon when Mrs. Hutchings, the
boys and S. P. Thomas blew in from
Aztec, New Mexico, also MIR. and Mrs.
Dave McCluer and children from
Dolores, all to spend the week end with
him and to take in the dance. then
came the snowstorm.
Mr.. Shubert's nephew, Mr.. Ramsey,
is here on visit.
The Dolores star., 1920-04-02

Rev. N H. Lee of Denver, who is
looking after the conferences of the
Interchurch World Movement for the
counties in Southwestern Colorado,
passed through Dolores Wednesday
and held conference with the local
committee while the train stopped here.
The Dolores star., 1920-04-02

John Beiger and family left Monday
for California where they will make
their future home, if they like the
country and can find location that
suits them. They leave Mnotezuma
county hoping that a lower altitude
might benefit the health of both Mr..
and Mrs. Beiger.
The Dolores star., 1920-04-02

Mr.. and Mrs. w. w. Belmear, Lester
King and Mrs. John Eggers left
Friday for Phoenix, Arizona, in re-
sponse to telegram stating that Mrs.
Susie Myers had died Thursday at that
place. Mrs. Myers was a sister of
Mrs. Belmear, Mrs. Eggers and Mr..
King.
The Dolores star., 1920-04-02

A card received from T. H. Akin
states that Mrs. Akin, who underwent
an operation at Mayo Bros. hospital at
Rochester, Minnesota, two weeks ago,
is getting along nicely and that they
will be home in week or two.
The Dolores star., 1920-04-02

Harry Kelly and family, who have
been visiting with relatives and friends
in the south during the winter, arrived
home Tuesday.
The Dolores star., 1920-04-02

The Parent Teacher Association will
meet in the High school building Fri
day evening, April 2. Every member
is urged to be present as it is the time
for the annual election of officers.
The Dolores star., 1920-04-02

Miss Beatrice Parsons is home from
Durango spending her weeks vacation
with her parents. Mr.. and Mrs. M. b.
Parsons.
The Dolores star., 1920-04-02

The first mail from the east for a
week came in Sunday. The delayed
mail has struggled in ever since and il
is now about all here.
The Dolores star., 1920-04-02

Mrs. M. F. Marshall came over from
Mancos Tuesday and is visiting her
parents, Mr.. and Mrs. George Oster-
field.
The Dolores star., 1920-04-02

Ernest Lii was Durango passenge,
on Mondays train. He expected tc
be away only few days.
The Dolores star., 1920-04-02

Wanted Beef, veal, hogs, mutton,
poultry, eggs, Belgian hares, pelts and
hides. G. d. TAYLOR. ltf
The Dolores star., 1920-04-02

Mrs. Arthur Hamilton and baby
daughter, Opal Louise, left Tuesday
for their home in Ignacio after visit
with Grandpa and Grandma Dickerson.
The Dolores star., 1920-04-02

Mrs. Nathan Dickerson of Lebanon,
and her daughter, Mrs. Arthur Hamil,
ton visited Mrs. A. A. Rust Monday
and Tuesday.
The Dolores star., 1920-04-02

came over Sunday and is the guest of
Mrs. Scott Seaworth.
The Dolores star., 1920-04-02
LOCAL NEWS NOTES.

March went out like lion and here
is hoping that April may behave much
better.
The Dolores star., 1920-04-02
GRRNRTh MESA

Mr.. Upton, who was i'll at the Pryor
mill, is better.
The Lynton Bros. have bunch of
horses pasturing on the Mesa.
w. p. kuykendall is buying farm
implements and live stock preparing to
farm on the Mesa the coming season.
We have several applications for
school teachers but no selection has
been made.
Eliza Pinkerton bought ton of red
potatoes seed of A. Lucia.
Mrs. Blanche Browns baby has been
on the sick list. DIR. Lefurgey was
called Friday and had quite time on
our very good roads.
The Dolores star., 1920-04-02

Mrs. Tom Williams of Stoner. was
guest of Mrs. Randolph Williamson
Tuesday and Wednesday.
The Dolores star., 1920-04-02

The Ladies Aid will met with Mrs.
Arthur Waldron Wednesday afternoon,
April 7th.
The Dolores star., 1920-04-02

Abel Lucero came down from Tellu.
ride Friday. Mr.. Lucero was working
at the mines during the winter.
The Dolores star., 1920-04-02

G. D. Taylor has again inserted a
want ad in The Star asking for farm
produce, and it looks as though he
intended to continue business at the
old stand. Mr.. Taylor finds market
for and ships lot of produce from
the valley and surrounding country
and we are glad that he is staying on
the Job
The Dolores star., 1920-04-02

Rennie Folks left yesterday for
Montrose in response to a telegram
stating that his mother was very i'll at
that place.
The Dolores star., 1920-04-02

Remember the date of the Parent
Teacher Association program in the
Dolores opera house will be April 26.
Watch for program.
The Dolores star., 1920-04-02

Highest cash prices paid for poultry,
rabbits, hides, pelts, cream, etc.
LUTHER HUDSON,
Dolores, Colorado.
The Dolores star., 1920-04-02

Lost-Petween Lebanon ard Clf
Johnson's ranch 34xd plain tread
casing and rim. $500 reward if finder
will leave at Dolores Livery & Garage
1-2
The Dolores star., 1920-04-02
UTOMOBILIsTs, save gaso.

4 UTOMOBILISTS, save gaso.
n line. A dirty motor can
be cleaned in few minutes
without laying up your car, only
few dimes expense if using Lub-
ricant Carbon Remover for sale at
Akin's S Store. 5opI
The Dolores star., 1920-04-02

A county conference of the Inter
church World Movement will be held
in the Methodist church at this place
Wednesday afternoon and evening,
April IA. Some of the best leaders in
this this great movement will be here
and this will be meeting that will
interest every citizen of Montezuma
and Dolores counties. The program
that will be put on here is the same as
was given at the Atlantic City Confer
ence some months ago and at the State
Pastors conference recently held in
Denver. Attend this meeting and ac-
quaint yourself with this great church
movement.
The Dolores star., 1920-04-02

E. M. Millard and family returned
Friday from Gilbert, Arizona, where
they spent the winter
The Dolores star., 1920-04-02

Bird Mamma, 15c cake, Nesting
food 25c, Red gravel I5c, Pure bird
seed 25c. at The Star Office.
The Dolores star., 1920-04-02

A change of time table went into
effect on the Rio Grande Southern
Sunday. The train from Telluride
(No. 81 is supposed to arrive here at
1920 p. m. and the train from Durango
(No. g. at 12:45 p. m. So far none of
them have been on time even accord
ing to the old schedule. About the only
advantage we can see in the new
schedule is that it gives the trains
more time to be late.
The Dolores star., 1920-04-02

When your car gets out of order
bring it to the Brumley-D Garage.
Skilled mechanics. All work guaran-
teed. Vulcanizing speciality.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1920-05-21

Ubit' som chcel nejak ten smu-
tiny, nepotesitel ny veeer. Je tax
dive okolo srdca, ked ma sdlaz-
DENT ulicu Bratislayy pada dro-
bulinky, mrazivy dazd a ked' ma
uli6ne lampy zasadne vel'ky, zia-
rivv oblak. Ulieon cut iba clap-
kanie vodou nasiaklych topanok
a ustaty tlkot vlastneho srdca.
Cloveka zenie tiiha "a teplym, Ii,
chnnkym kntikom, alebo "a SUI
MON silno osvetlenych kaviarni.
VkroGfm do Barosky...
Ciganska mnzika, sampanske !
nesampanske vina, vkusne me-
nej vkusne oblecene danny J. Nun
ci je zas nacengany odusey-
nenym iismevom hra natesenemn
domobraneckemu stotnikovi do
ncha:
"Hei, totii, tot1, hei mojej mi
lei n6tu.. =
@, ano, Munci je znamenity
filozof. Lebo 0 chvflo6ku prave
tax odusevnene zahra blazeova-
nemu magnatovi kuruck1 notu,
co mu nevada, ably hned' ma to ne
spnstil "a ia 81 ten kviteeek...
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1920-05-21
Costa okolo kaniarenskeho stola
Napisal !: yls.

Mnnci je ma dstranami, mad ma
rodnymi vasnanli vzdy no ma
chadzame yecne nsmievav6ho, po-
hotoveho a keby do vladnej bu-
.dovy vtiahol dnes kral' vsetkych
Nam -namcanov, este v ten vecer
zahra hymnu slavneho nam-nam-
.skeho naroda. Dov0kol yiri zivot
i t'azkymi penivymi vinami, zlria
politicke yasne... a Munci stoji
mad vserkym, obklopeng svojou
tmavou, bielozubou spoloenost 'ou
S tym detinskym, preffkanym Il
smevom, hrajnc ma komando, ma
klanajnc sa ma .vsetky strany a
predsa unikajnc nasmu dennemu
chapaniu. O, tito hl'adia ma zivot
celkom mae.
Toto publikum...
Samy .ket as, ket'as ket as.
Pri okrnhlych mramorovych sto-
loch, v oblocnych l6zach, v odde-
lenych kabinach vsade, vsade
ket as.
Nal by sa najst' psychiator,
14as L,x,, -1l,,xno x+S1:,, 4o:%o
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1920-05-21

zaopatrit ! lebo we'd ieky 81 ta-
Ike drahe... MOI drobne d pritom
vsetkom TAX take dlz6bky w
platit Z. bytne dat. Diet 'om kni-
zocky, strimflieky khpit'.. ano
mozno niekoho st'astnym ucinit' !.
Nacdvaite: st 'astnym ncinit'! -
Viete, GO znamena byt' st'ast-
nym? Je to velike, svat6 slovo!
A vyskocit' by som chcel, lebo
tn mojej prftomnosti sa spa
chal hriech, ba vrazda, tn zradili
subiedenych, trpiacich bratov!
We'd toto bol spnstly, vyzyvavy
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1920-05-21
Ziieme vek ket 'asov.

tami.
Ziieme vek ket 'asov.
Kazda doba mala svoj zvlast-
NY druh l'udf, ktorf uderili ma
nu pecat razovitosti. Klasicky
vek NAL svojich rozkosnikov,
stredovek svojich llpeznych ry-
tierov, novy vek svojich spolocen
skych snilkov svetova vojna
splodila konecne vrchol vsetke-
ho: modernych lilpeznikov, stras-
|nejsich Cd onych ciernom stree
doveku: ket 'asov.
Poznas ich ma prvy pohl 'ad.
Taky ket'as priehrstiami berie
zivot, a nevie sa ho nasytit', ie
vecne ziznivy a vecne hladny.
Tych "a hodin mu je malo a so
zial ON rata, ako plyn1 hodiny
rozkose... Psychoza zhdejov. Ma
kradnute peniaze mimi tax ry-
chile. ako shah pod l1cami jarne-
no slnka. Nelpi ma Mich zapach
potu a mozolu, rozpomienky ma
denne htrapy, namahy a b6le.
Plynn l'ahunko a vymikajn sa z
narueia, ako vrtkava, rozkosna
zena. Ket as instinktivne c1ti, ze
dni, pine moci slavy, s1 prfsno
! spocftane. Ano, lebo vsade panu-
je nenprosnl zakon nationality,
ze l'ahko soskupene sa mai l'ahsie
rozpadne.
Hl'a, j mad tymito stojl Nun
ci, ktory sa dnes este tax oddane
kloni. A zajtra, ked' w .bude po
hodach, prave tax usmievave sa
odvrati Cd taid1ceho.
Sedim 81 v kltiku, obklopeny
haldami obi '1benych novin, ze
mi sotva lvyenieva hlava. Pria-
tel sedf po strane' ticho 81 ho-
vorime, ako sa i to najcistejsie
spini a kazi... Ano, ME kazdy W.
stal zktsku a podl 'ahnul poku-
seniu. Bojiste je posiate mravny-
mi i politickymi mrtvolami, ktore
rozsirujn ruch, hnilobu a NOR. A
narod sa tiez kazi, lebo vidf svo-
iich dobrych l'udi po kolena, ba
po kirk zapadnutych v bahne a
necistote. Narod prestava verit
v cistotu mravov, v poctivost
vodcov, lebo vidi TAX malo nepo-
skvrnenych. A tax sa zda, ze ne
treba moe prstov k ich spocita-
niu... Stacily by dve-tri ruky.
Ono je w pozdna hodina.
Cigan hra sialenym kvapom
tvare sd vyhriate, spotene, zraky
rozpalene, jednotlive skupiny 81
uz pospevujh, lebo tam sa pie
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1920-05-21

sampanske. Flasa po 100 kornn
a pie sa az len ex, lebo zaverec-
ma hodina sa blfzi d cas- treba w
nzitkovat'.
Preso spominam bojiste, posia-
te mravnymi politickymi mrt-
voismi? Hi'a tamto pod kristalo-
vyym zrkadlom niekol 'ko nasich
|l'udi u mamore, v sebazabudnu-
Il v spolocnosti tych strasnych
raubritterov, ktorych by bolo tre-
ba nemilosrdne vykynozit', ably
nespinili syojim hnusom ten kra-
sny, bozf syet. A ma perach ma
a 'arska pieseG, mad 'arske zani-
tenie, mad 'arske pohodenie ru-
kou. TAX, TAX!
Kdeze som videl take fizasne
rozdiele? Ano, bolo to ma dale
kych volyhskych nivach... Malin-
sky chatrnf kostolfk, biednych
kiiskov dreva poslatanych... pod
MIN este chatrnejsie domceky $
naklonenymis stenami a strhlina-
mi ma slamenej streche. v dom.
cekoch krdlo Diet 'iireniec, vecne
-hladnych, ve6ne ma stisto chleba
mysliacich a tax slabulinkych, ze
ledva vlacia ma nozickach tie me-
foremne brucha, napuchrale od
vecneho pozfvania zemiakov.
Ale O niekol'ko sto krokov d'a-
lei toni anglickeho parku mad
HERNIA biela budova $ vezickami,
stlporadim a siroky uni schodist'a-
mi. Cesty bieluckym pieskom w
sypane, park ozdobeny vodotrisk
mi; sochami a kvetinovymi zaho-
nami... ale. ked' len krok urobis
neho, zavanie ma teba dych bic
dy a hladu.
Pri sisednom stole stojf hlav-
ny kelner a pise cechu:
"Osem Hasiek sampanskeho -
osemsto korin."
Osemsto kor1n. Tu mojej pri-
tomnosti sa prepilo "a jednu ho-
dinku 800 kor1n, ako by. mic. Tu
sa ztr;,tila hodnota bez protihod-
noty = iba ze sa zahraly dve-tri
piesne ma poctal ze sa oci v opo-
:ienf zaiskrily, .ze sa krv rozprti-
dila a ez sa v nej zrodila smysl-
ma, perverzna vasen...
Osemsto kornn!
A hned 81 vypocitam, ze pre-
to more neznamych, malickych a
biednych co. znamena osemsto ko-
/ rim! Denne o iedno stisto Wac, 0
jeden hladny qzalldok menej...
mono sa teplejsie zaodiet', pre-
chor1 zenu mozno neinnejSi lick
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1920-05-21

chlapa K zenli srazil, vykonal byt
som milosrdny skutok.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1920-05-21

Toto zaridenie p0zostaVa po-
stele rdrkovej oeele, dvoma ineo-
vymi yonkajsimi trubicami a jedno
intovymi dnukajsfmi paliSkami, "a
kontenie je biely email. Obrati-
tel'ny matrae, plnej vAhy, do
brou mocnou oblieekou. Ram je
zelezny, springy ohnivkami q mo-
cnymi heliekymi sprinssmi M kon-
coch. Toto zariadenie je hodno
$4a.5o v riadnej Gene.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-03-03
SMALL, FIRES KEEP
DEPARTMENT BUSY

The building at Guillemarde and
Belmont owned by p. K. Yonge and
occupied by Ed. Davis, was damaged
By fire yesterday at noon. The fire
started on the roof of the building.
and 1t was thought that it was caused
by a spark falling there. The building
was being emptied of furniture by
firemen and friends of Mr.. Davis be-
fore the blaze was extinguished.
Five men who were gathering brio
a-brac and other articles, which had
been thrown off the upstairs front
gallery, were caught in barrage
when moppers-up inside the building
hurled a mattress and several other
articles of bed furniture off their gall
lery. One man was knocked or his
feet. but the others escaped. The in
cident provided amusement for all
except those directly connected.
The building known as the old Fol-
land residence, SO North Palafox, was
slightly damaged by fire, the roof OF
the building having caught fire. The
building was occupied by Mrs. Mill
gan.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-03-03
LITTLE JACK BOND
CELEBRATES BIRTHDAY

Mr.. and Mrs. W. A. Bond entertained
about thirty-five little boys and girls
at their home on East Belmont-st. the
occasion being the third birthday of
their little son, Jack. The tables We're
all arranged on the front porch and
many potted plants were used in max
ing the porch attra The color
scheme of pink and white was also
carried out in the dainty refres hments
Queenie Fillingim for the Peanut
hunt and to James Saunders for the
guessing contest We're awarded prizes
during the festivities. Many useful
presents were given and received.
Those present We're: frankie BODY.
Jerud Noteworthy. Annie Laura, Will
lie May. Robert Tarrants, Mary Golsen,
Queenie Fillingim, Claud and Lena
Drummer. James Saunders, Eula Rich
berg, William and Katherine Nesmith
Margaret, Francis, Elizabeth and Flea
nor Patten, Baron and Louise Miller,
Eugene Ridberg, Lucille and j. w. Tice,
Alma Francis, John G. and Jane Van
Alt, Nellie Eunoce and Hans Tual. Jr.,
Warner and Raymond Barnes, Marion
Johnson, AIargery Welsh, Sherman
Fillingim. Francis Bowman, and Baby
Eugene Lowell Bond.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-03-03
IN mEmoRIAM.

5, Mr. Frank Roswell Voris, son of Mr..
and Mrs. Ralph Voris. was born May 8.
1865, near Galesburg. Illinois. After his
fathers death, Mr.. Voris travelled in sew
eral different states. In Charleston Illi-
nofs. he met Miss Alice A. Jones, whom
he married in 1895. He lived a short
time in Charleston. In 1897, hes moved to
Neoga, Illinois. where he made his home
for several years, and Will be remembered
by many relatives and friends.
Because of the sickness of his brother.
Mills. Mr.. Voris moved with his family.
wife, and three children. to Silverdale.
After having lived there one year, and
70 Cottage Hill, Florida, where he and
his son, Halph, with one other partner.
engaged in the Nursery business, espe-
cially the growing of orange and citrus
trees. He was very successful in grow
ing the trees, but owing to a disease
known as citrus canker appearing in
the nursery only a few trees the
government inspectors destroyed all of
the nursery stock, with the exception OF
the pecan trees.
After the death of his son, Ralph, at
the age of twenty-one years, July 17,191S,
Nr. Voris moved to Pensacola, Florida, to
work at the Pensacola shipbuilding plant,
a carpenter, where he met his un-
timely death in an accident February
II, 1920 Besides his wife he is survived
by two daughters, Locke, Mildred Voris
and Maude Elizabeth Voris. also a sister,
Mrs. John Blanshard of Fayetteville, Ark
and many dear relatives and friends.
member of Gadsden Street Methodist
/ anni
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-03-03
A-B-C OF FINANCE
PREFERRED AND COMMON STOCK
HAROLD #. GREENE
Manager Department, Guaranty Trust Co, York

out regard for the omitted dividends
Some preferred stock does not carry
with it any voting power, the theory
in such cases being that insomuch as
the holders of common stock are car
rying nearly all the risk of the BUSH
ness. the direction Of its affairs should
be reserved to them. If, however, their
conduct of the business is inefficient
and does not result IN a period of
years in any profits for division, then
in many cases, the preferred stock
holders have the right to step in and
vote their shares, and so secure a
voice in the control of the corporation.
These are the normal and funda-
mental features of preferred stock as
opposed to common stock. Variations
are dictated by special circumstances.
1t sometimes happens, as we have
seen, that there are two or more
classes of preferred stock In this
event. the holders of Glass a would
| take precedence over Class 3, as we'll
as over the holders of common stock
| in the distribution of profits, Glass
b would have the usual preference
over the owners of common stock An
other provision, sometimes found in
the case of railroad issues. is that
when the, earnings are more than
enough to provide dividend pay
ment on common stock at certain
rate, fixed in advance, then the sur
| plus shall be shared between both
| classes of owners Finally, the provi-
sion is frequently. made, particularly
when it is expected that the business
viii be profitable. that preferred stock
shall be redeemabla by the issuing
corporation at a figure agreed upon
at the time OF its issue. This figure
may be par. though it is usually above
that figure. With the preferred stock
redeemed. the whole earnings may go
! back into the business as surplus
or be paid out to the common stock
holders as dividends.
! Holders of both preferred and
common stock in corporation are its
] owners, and bear the risks of owner
ship Their rights in the event of
! liquidation or other development
/ which threatens the property are sec
Iondary to those of >bondholders who
are not owners, but creditors whose
claims must be p;Sd before the stock
holders. who own the property, can
i receive their share of sthe price for
which it may he sold.
| The preferred stock of establish
i ed companies having ample earns over
a period of years; and good divi-
dend record, and resources adequate
! for Hquidating the preferred stock in
full, can frequently be classed as in
vestment securities.