davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-06-17
TO CONTRACTORS AND BUILD.
Frs.
jnl,tues-thurs.tf

e Frs.
Sealed proposals will be received by
the undersigned until IL o'clock NJ.
Tuesday. July 6, 1920, for furnishing
all materials and labor necessary to
build and complete a new Dormitory
Building at the Augusta State Hospi-
tai. Augusta, Maine.
Plans and specifications for this
work may be seen and all information
obtained ac the office of Harry S.
Coombs. Architect, Lewiston. Maine.
Separate Proposals will be received
on the same date for Heating. Plumb
ing and Electric Wiring.
A certified check for go of the
amount of the proposal will be re-
Quired of each bidder.
All proposals shall be addressed to
the Board of Trustees for State Hospi-
tails and mailed to or left at the Office
of DIR. Forrest c. Tyson, Supt., Angus
Ia State Hospital, Augusta, Maine.
The right is reserved to reject any
or all proposals.
Per order
STATE HOSPITAL TRUSTEES.
jn15. tu-th-sat,7
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-06-17
Agricultural Department

Frank H. Dudley, State hortitultu-
rist. will on Saturday, June 10. at
tend an all-day meeting of Turner
Grange and deliver an illustrated lee
ture on Insect Infesting the Or
cfard."
c. NJ. White was in oiamon on
Wednesday auditing the Farmers
Union books. He will on Thursday
attend the Piscataquis Pomona
Grange at Barnard
. Frank S. Adams, chief, of the Di-
vision of Markets, is in Vermont this
week on a lecturing trip.
Fish and Game
Game Warden Howard Wood of
Patten has just returned from a
cruise around Township 6, Range Z,
Penobscot county, and reports hav-
ing apprehended while on this trip
three aliens for fishing without a
license. The men We're taken before
Trial Justice Caleb Scribner at Pat
ten and each of the party-Mike
Tony Alex and Daniel
alien residents of Township 6.
Range :. Penobscot county-were adj
New-York tribune., 1920-12-23
Nickel Plate" Common Dividend

Declaration of a per cent dividend
on the $13,9S9,6O0 common stock Of
the New York, Chicago & st. Louis
yesterday failed to stimulate active
buying in this issue, as the net result
OF the days transactions on the ex-
change was a fractional loss. The Off
clal announcement did not state
whether the distribution was an an
nual one, but this was the inference
in the Street. The last dividend by
the Nickel Plate" was one Of par
cent on March /, 1913, before the
present interests had purchased con-
troll from the New York Central The
present dividend apparently places the
common stock on the same dividend
basis as the first and second preferred
stocks. The nickel Plate" was one
OF the roads that did not accept an
extension Of its government guaranty
ior the Six months ended August 3
l92o. For the two months ended Feb
ruary ~ the company was entitled to
1888, 662 Federal compensation. Based
on the earnings for the period Sep
tembei' to September 80, it has been
estimated that operating income for
the full year Will amount to S947. .233.
which, added to the government com
pensatlon for the first two months and
the S2,592,l29 net for the period Marcl,
l to August 81, would give the com
pany net operating income for 1920
OF S3,922,930. Allowing for other in
come, fixed charges, etc, net income
for the year should be equivalent TO
more than z per cent on each Of the
thres classes of stock.
New-York tribune., 1920-12-23
Buying Orders
Check Decline
On Stock Mart
Vacillations of Prices Due TO
Technical Factors; More
Low Marks Made Be-
fore the Second Rally

The vacllations of security prices
yesterday were so obviously due to
technical factors that the days ses-
sion meant little in the way Of an
expression of the speculative mind re-
garding the business outlook. AL
though many stocks were quoted at
lower prices than on Tuesday, the blow
Of excited liquidation was plainly
countered yesterday by the flow to the
market place of buying orders.
Despite the bidding up Of quotations
in the mornin.. as a result of efforts
to acquire stocks on the part OF short
sellers who desired to take profits by
covering and also by extra venture
some speculative investors who try to
purchase securities when they are low,
the stream of liquidation continued.
The persistence of the desire of hold
ers Of stocks to convert them into cash
with which to meet current obliga-
tions was reflected in the exceptional
breadth of the market. What seemed
to be an unprecedentedly large mum.
Der of stocks were bought and sold
during the day.
After midday, with the recovery from
the low levels of the previous day
we'll under way, another flood of SELL
ing turned the tide, and gains were
fast efyaced in many instances. Some
Of the speculative issues, like Baldwin,
Atlantic Gulf, Replogle, Canadian Pa
cific and others, during the downward
reaction in the afternoon sank to the
lowest levels of the year. This sharp
setback was undoubtedly facilitated by
a short selling drive, and also by sales
from timid holders Of stocks who re-
garded the rally as an opportunity
for escaping from their speculative
commitments.
In the last fifteen minutes Of trad
ing the upward swing was resumed,
and the average Of railroad and indus
trial stocks at the close was higher
than on the previous day. The fast
turns in the direction Of The market
trend suggested the feverish character
Of the trading and the unsettled state
Of financial sentiment.
The same !rregularity Of fluctuations
prevailed in the commodity markets,
where the tendency was more clearly
downward. Attaining the lowest prices
Of the year is almost a daily pursuit
for traders, but in the cotton markets
quotations yesterday were the cheap
est they have been since the time the
United States severed diplomatic re-
lations with Germany, early IN 1917.
January contracts at the low yesterday
sold 2 cents below the high mark Of
last week and 10 cents below the peak
reached last April. A partial recov-
ery reduced net losses to from 40 to
6s points. Rejecting the movements
in the other markets, wheat quota
tions at the close were from y of a
cent to 21s cents lower. Corn prices
showed correspo sponding losses.
New-York tribune., 1920-12-23
Fruits of Thrift

Depositors in the mutual savings
banks Of the state. numbering more
than 100000, will receive at the
beginning of the new year approx
mately s5o,0oo,ooO in interest on their
savings, covering the increment for
me last six months Of 1920 At the
opening of business on July /, 1920,
according to the Savings Bank Asso-
citation Of the State of New York. the
14l mutual savings banks found them
selves with total deposits Of S2,39S.-
32s $40. representing an increase of
S130,933,141 over the total on January
J. If this ratio of increase has been
continued, the total deposits on Janu-
ary next will be approximately 81
500 100000. On July I practically all
OF the savings banks declared 4 per
cent dividend, amounting to approx
mately S42,000,000. At that time the
total number of depostors in the 141
banks was 3,770,482 or 112,C47 more
than on January I.
New-York tribune., 1920-12-23
In Wall Street
Bank Mergers in the Air

News Of the impending merger OF
the New York Trust Company and the
Liberty National Bank, and the an
rouncement of absorption Of the Ham
ilton Trust Company OF Brooklyn by
the Metropolitan Bank Of Manhattan,
has given rise to rumors Of other
banking mergers to come. The tend
ency is in the direction Of amalgama-
ton. AS an important banker said
yesterday, if an institution wants
really to get into the tinancial swim
it must have the capital and resources
behind it to make good. In sonnec-
ton with the Metropolitan Bank there
have been rumors Tor some time OF
merger with the Chase National
Bank, which owns control through the
Chase Securities Corporation.
New-York tribune., 1920-12-23
Combating Rumors

Officials Of three industrial corpora
tiors made public statements yester-
day emphasizing the strong financial
position of their respective companies.
A director of the American Sumatra
Tobacco Company went on record as
saying there Is every reason existing
now why the company should continue
the 10 per cent dividend rate on its
common stock" He went on to say
that the company is in strong cash
position with current assets OF over
S10,500,O00 as against current liabili-
ties Of about S4.50000O Herbert
Lloyd. president of the Electric Stor-
age Battery Company. in q formal
statement relative to his company said:
The company's total liabilities are
$334o00 and the value of it's quick as
sets, exclusive of inventory, over liza
blllties amounts to more than $1,000
600, or over $50 a share on the out
standing stock. Its inventories. after
being marked down to present market
value, are equal to approximately the
same sum, making a total Of $40 q
share" J. X. Armsby, chairman of the
board Of the California Packing Cor
poration. wired to New York from the
coast yesterday, denying rumors that
the company intends TO cut the divi-
dend. According to his statement earn
ings have been satisfactory and the
company has four years dividends in
reserve
New-York tribune., 1920-12-23
American international,

1t was calculated yesterday that at
current levels the entire capital stock
Of the American International Cor
poration is selling in the market for
between S15,000,000 and sl6,oo0.OOO
whereas securities held in the com
pany's treasury have a present market
worth of approximately s2o,oOo,ooo. An
interest Of the company recently stated
that none Of its securities had been
disposed Of. The list includes shares Of
the international Mercantile Marine.
Pacific Mall, United States Rubber and
United Fruit, all of which have sui
fered big declines during the last few
months,
New-York tribune., 1920-12-23
Standard Oil of New Jersey

Plans have been completed as the
result OF which trading will begin on
the Stock Exchange to-day in the new
go par value common stock Of the
STANDARD Oil Company of New Jersey.
.nese @ shares will replace the present
500 par shares, which closed at SO
the equivalent Of 1922 for the new
stock. 1t was announced that no spe-
clal ruling will be made in regard to
the change unless it is found that
there are not enough of the s25 par
certificates to take care Of the trans
actions, in which case the 800 certiti-
Gates will be ruled good delivery.
New-York tribune., 1920-12-23
Southern Pacific Weak

A wesk feature of the railroad group
vas Southern Pacific, which at the low
for the day OF 81 had lost more than
the advance scored in anticipation Of
the segregation OF its oil properties.
ihe stock was about % points below
ITS hlgn price Of few weeks ago,
reached upon the announcement Of con-
templated segregation and was within
a few points Of the low Of the wear.
Pacific Oil, probably in sympathy.
reacted 3 points to low of 35 before
rallying slightly at the close.
New-York tribune., 1920-12-23
Coast Line Seeks Loan

WASHINGTON, Dec. 22.-The Allan
tic Coast Line Railroad Company asked
autho ority to-day Of the Interstate Com
mercc Commission to assume obliga-
tions amounting to $6,220.000 imposed
by a trust agreement and lease pay
able TO the Safety Deposit Trust Com
pany Of Baltimore, Of which Sl,72O,0oo
is payable in cash upon delivery of
certain equipment. The company plans
70 issue trust certificates amounting
to S4,500000 TO be sold at not less
than per cent Of their par value.
New-York tribune., 1920-12-23
Money and Credit

There was no change in the call
money rate yesterday, 7 per cent being
quoted throughout the stock market
session. Offerings by banks were less
liberal, due to preparations to meet
sa1 100000 Of government withdrawals
to. day. Time money was unchanged.
Yesterday. Year ago.
On mixed collateral. ..:. z 4.
On industrial collateral. AZ
Time money (mixed collaterag:,
Sixty days .........7AQ7
Ninety days ........7A@7,,S 8
Four months .......7 Q77a
Four to six months..7 @7h
Bank Clearings-Bank clearings at
New York yesterday we're: Exchanges,
$785,862, ,559; balances, s57, ,477,051.
silver-London, 4O1ad; New York,
domestic, bar, 9e1ac; foreign. 63Ac;
Mexican dollars, 48kc.
Candian Exchange-New York funds
in Montreal, $184.98 premium per
$1,000; Montreal funds in New York,
S15567 discount per $1,000.
New-York tribune., 1920-12-23
Bonds Feel Liquidation

Liberty bonds felt selling pressure
to greater extent yesterday and
yielded slightly. but support was not
lacking and net losses were small.
Some issues scored small advances
Larger losses were registered in bonds
Of non-speculative character, which
could be easily disposed of to increase
cash holdings Of the financially dis
tressed. New York Central debentures
sold down to 81, rallying slightly later.
The new Pennsylvania rs, which mad
held UP we'll until lately, got down
to 1o2. Foreign government bonds
were fairly we'll held
New-York tribune., 1920-12-23
Paris Market Firm

PARIS, Dec. 22.-~Prces were very
firm on tho Boursc to-day. Three per
cent rcntes, IS francs 81 ccntimcs; ex-
change on London, - francs 70 cen
times; five percent loan, a5 frnncs 90
eentimes. The dollar was quoted nj
~ francs 90lA centimes
New-York tribune., 1920-12-23
United Paper Board

An income account Of the United
Paper Board Company contained III the
application TO list S9iS.60O additional
common stock showed that total sales
for the three months ended August rs,
last, were s4,653,024 Gross earnings
amounted to $l.209,0 ,082, which, allowing
for administration expenses and inter
est charges, left a balance of $1,1S3, ,779
for dividends. The surplus for the
three months WAS $685. ,497. Current
liabilities were given at $1,134,44O,
against current assets Of S4,278,5 ,594.
New-York tribune., 1920-12-23
London Money Market

LONDON, DEC. 22. - Bar rlvcr
aoHd per ounce; bar gold, 1lGs Cd
money, ~ per cent; discount rates
short bills, gM per cent; three month
Lille, sA per cent; gold premiums al
Lisbon. 1900.
New-York tribune., 1920-12-23
The Dollar in Foreign Exchange

All Of the leading foreign exchanges
displayed strength in quiet market
yesterday. Demand sterling rose to
S3.52A and closed there, compared
with $3.5O875 the day before. French
exchange went to o.93 cents per franc.
Italian lire and German marks were
also slightly improved. Dealers in
exchange said offerings Of bills were
comparatively light.
The Washington times., 1920-02-15
Deluge of kilograms
And Letters Demand.
Congress SaUe Ships

today that they had had time to look
Into the matter. and all voiced the
sal me opinion. that the least the Ship
ping Board can do is to delay the
sale OF the ships until there has been
an adequate opportunity afforded for
Investigation of the transaction.
II have had chance to inquire
into the proposed sale OF the former
German liners" said Congressman
Hicks (Rep) OF New York. and my
conviction now Is that a thorough
Investigation would be proper before
the ships are disposed Of"
Congressman Frear tRep.) OF Wis
consin said he was utterly opposed"
to the proposed sale. and added:
But the deal seems to be in strict
harmony with the policy OF the War
Department In its sales OF some of its
surplus property"
Congressman Tess OF Ohio, chair
man OF the Republican Congressional
Campaign Committee. said:
81 am opposed to Government oper-
alton Of the ships. but to get away
from that policy should not lead us
to sacrifice these vessels at a ridicu-
lous price"
The Washington times., 1920-02-15
ADVERTISEMENT
We're Forced 10 VaCate

The property where we are To-
Gated has been sold to The Hecht
Co. for new proiec:. All We must
get cut You will reap the benefit.
Orr entire stock is offered to the
public who know n, high prices
asked for mems clothing and fur
nishing at this time, nc less than
present wholesale prices to mer-
chants. This is not fable but a
TACT. Prove it for yourselves.
Mems Suits and Overcoats,
$l7.65
Values S25
Mems Suits and Overcoats,
$24.65
" Values UP to $4,000.
Mems Pants to match your coat
and vest; all colors; all sizes, $685.
values $1,000. Arrow Dress Shirts,
s1.95. Genuine velour hats, $5.45.
Chalmers and Haynes underwear,
piece, $1.00 per garment. Union
suits, $1.95. Dress hats, $l.95.
A.. NATIONAL CLOTHING co.
523 TIN st. NV.
Bet. E and f.
The Washington times., 1920-02-15
BONUSFR|ENDS
WIN IN HOUSE
Steering Committee Agrees 10
Take Definite Action on
Bills Next Week. a

The group OF Republicans In the
House who favor the enactment Of
soldiers bonus legislation scored .
triumph yesterday. when. In the face
OF their threat to force a caucus to
put the party on record. the Steering
Committee agreed to take dennite ae-
ton in the matter NEXT week.
Following the conference OF the
bonus advocates. when IL was deter
mined to force the party leaders to
iesist from blocking consideration Of
the soldiers bills. the COMMITTEES Of
four named by the conference met
With the Steering Committee. Here
the proposal made by the Steering
Committee:
The railroad bill and other impor-
tant matters are scheduled 20 como
up this week. and delegations from
the American Legion are expected
here to confer with members of Con-
yress on bonus legislation and UNI
yersal military training. II the bonus
advocates would agree to withhold
for a week action looking toward
the forcing of a caucus. the Steering
COMMITTEES would promise then TO
consider a plan whereby the seventy
five-odd bonus bills would be referrSS1
to one committee to work out Q com
posite measure. This body doubtless
will be the Ways and Means en-
mittee.
The Washington times., 1920-02-15
SAYS DRINKERS TAKE
JACS IN SPRITUALEM
DR.. William A. Hickson Asserts
Quest of Spooks Has Same
Effect As Booze.

CHICAGO. Feb. 15.--Spiritualisrn
Is the latest substitute for booze. DR.
william A. Hickson. head Of the
Chicago Municipal Psychopathic Lab
oratory, said last night.
Many habitual drinkers, according
to Hickson. are resorting to spiritual
ism since the death OF the more fiery
spirits. Men who formerly got drunk
to drive away their troubles. now go
to a spiritualist or consult a "ouja
board"
"The spiritualists seem to have
some extraordinary powers over such
persons which put the client In
state of praecox." Hickson said.
"Spiritualism has the same effect
as booze or opium; II puts the victims
in a coma. After a few visits to the
medium the victim becomes habitual
visitor. Then he Is a candidate Ter
the insane asylum.
MANY homes are broken up be-
cause of these foolish notions. Ofter
when a man thinks his wife Is out
with another man, he consults q
medium or "ouija board" which IN
the majority of cases will tell whh-
he wants to hear"
The Washington times., 1920-02-15
Text Of House Resolution
Which Forbids Ship Sale

Joint resolution directing the Shipping Board NOT to SCI
ne former German ships introduced in the House yeerda
y Representative SABBATH, Democrat, of Illinois
The SABBATH resolution further provides for the sale Of nos
atng liquors in American ships outside the hree-mie zone
he text of the measure follows .
Whereas for years American trade and exports have
suffered due lack Of shipping facilities; and
Whereas up to 1914 there only 24O5 vessels
flying the American aas amounting 10 l076,164 tonsi
Whereas since the enactment Of the merchant marine
bill merchant marine has increased from +O6 10 6O32
vessels and from 076lS4 to 6669726 goss tousi and
Whereas ships flying the American flag now BE- sssn
in neary every port carrying American citizens and Amer
lean products every part of the world; and
Whereas since the ruling that liquor beverage
containing oneha Of per cent Of alcohol be
ited be sold aboard vessels owned operated By the
United States Shipping Board and flying e American dag
caused the cancellation of fifty Of the passen
ger reservations the steamship Moccasn the abandon
ment of the sailing of that ship and
Whereas the further effect Of such order caused the
Of the contemplated line South America
and the abandonment Of the proposed Of the United
States Shipping Board to operate and routes
careful investigation by the United States Shipping
Board disclosed that such nes could not Handicapped BY
prohibition be operated competition with ships which
the of alcoholic beverages permitted; and
Whereas the United States Shipping Boafd = result
such findings decided upon the sale Of Of the largest
and speedes former German vessels secured BY the United
States; therefore, be It
Resolved by the Senate and House Of Representatives
of the United States Of America in Congress assembled
That the United States Shipping Board Is hereby directed
NOT sell dispose of the aforementioned shps and the
Secretary of the Treasury in conjunction with the Secretary
Of Commerce and the chairman Of the Shipping Board
the purchase .nd carrying Of liquor by and such vessels
registered in the foreign trade flying the American flag be
permitted and the serving md selling Of such beverage
authorized outside Of the three-nile
The Washington times., 1920-02-15
SAYSFUNDSOF
'U.S.A|DHOOvER
Senator Gronna Asserts Grain
Corporation Spent ApproprI-
ton for Propaganda.

Herbert Hoover is profiting by sd'
vertisements inserted in leading
periodicals by Julius II. Barnes, d.
rector Of the United States Grain
Corporation, Senator Gronna Of North
Dakota. Republican. declared In a
speech yesterday. These advertise
ments are paid for out OF profits or
the grain corporation, which operates
on money loaned by the Government
0ronna said.
Gronna displayed an advertisement
OF the grain corporation from lead
ing periodical.
Advertises Hoover.
THAT is a splendid ad for Mr..
Hoover" Gronna said.
Farmers have suffered a loss OF VI
q bushel on their wheat through the
operation OF the grain corporation,
Gronna asserted.
Gronna said Barnes is managing
the campaign OF some distinguished
gentleman for president" referring
to his recent speech urging Hoover
for the nomination.
while we are economizinB ana
denying farmers appropriations they
ought to have, this agency sends out
propaganda unheard OF in the hir'-
tory of the country" Gronna con-
tinued. He said Barnes is In touch
with 20, 900 licensees.
Gronna declared he sees dangerous