davidaulloa/AmericanStories huggingface dataset:
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1920-03-19
Public Sale
PERSONAL PROPERTY.

By virtue Of an order Of the Orphans
Court. the undersigned. administrator of
Columbus Ward. deceased. will sell at
public sale. on the premises. located on
the pike between Washington Grove and
Laytonsville, Montgomery county. Md, on
Tuesday, the 9th day of
April 1920.
commencing at 10 O'Clock. A. NJ,
the following described personal property,
to-wit:
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1920-03-19

State Of Maryland, County Of Monteom'
cry. SIS.
l, S. Walter Boeley. Cashier Of the above
named institution. do solemnly swear that
the above statement is true. to the best
Of my knowledge and belief.
S. WALTER BoGLEY.
Cashier
Subscribed and sworn to before me this
9th day of March, 1920.
MAUD BARTON,
Notary Public.
Correct-Attest
W. R. TUCKERMAN,
BUSEY H. HOWARD,
FRANCIS C. WALLACE,
mar 19-3t Directors.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1920-03-19
Live Stock.

III We SGOSAS
One black horse, bay horse, | bay mare,
black mare colt. black horse, black
mare bay FLY, SOW, with S pigs; /
2-year-old Jersey heifer. l-year-old Jer-
sey heifer. 6-year-old Holstein COW, 20
hens and rooster.
MISCELLANEOUS ARTICLES.
Wagon running gear, Hess wagon run
ming gear. combination wagon body, lawn
mower, riding corn plows. wagon run
ming gear. 5 Syracuse barshear plows, fifth
chain. log wagon, sprinetooth harrows
ll-hoe Thomas drill. buggy, surrey, 6
forks, corn basket. stone fork, new Inter-
national corn planter. Shoe drill, lot Of
old harness, hand corn shelter, grain fan,
grain cradle. 2 carriage spreaders, 65 bur-
lap sacks. hand grain sewer, 5-foot Nc
Cormick mower, horse rake. Deering binder,
6-foot cut Mccormick binder, 7-foot cut I;
scalding tub, cook stove, coal stove, lot of
househould goods. sleigh and bells, Thomas
corn planter. and many other articles too
tedious to mention.
Two sets of breeching, 2 sets of lead
harness. set OF single harness, lot Of collars
and brides.
growing wheat, 20 acres Of corn stubble
growing wheat. l-2 acres Of corn stubble
growing wheat ITO barrels Of corn in field,
22S pounds Of cured meat and 10 sacks
Of Empress fertilizer.
TERMS OF SALE An sums of $40
and under, cash; on all sums over $40
credit OF 8 months will be given. pur-
chasers giving their notes, with approved
security. bearing interest from the day Of
sale and payable at the First National
Bank OF Gaithersburg. Md. No property
to be removed until the terms of sele are
strictly complied with.
JOHN Z. WARD.
mar lets Administrator
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1920-03-19

~ OOehCsuo' Ia tAC OtoSC VI Wal yiduus
at the close Of business February 28. 1920.
RESOURCES:
Loans and discounts. ..........$ 647O1 "a
Stocks, bonds, securities, etc.. 1859 56
Banking house, furniture and
nxtures....."."........." 1,221 96
Due from approved Reserve
Ascnts. .........................n ZU,IUI 81
Lawful Money Reserve
in Bank, viz:
u S. Currency and
National Bank
Notes..........".$ 2.182 90
Minor coin. ...... 172 81 1854 54
Miscellaneous assets............ 2,O72 So
Total. 1O5,647 so
LIABILITIES:
Capital stock paid in...y......$ $4,000 90
Surplus fund. .................... 5000 90
Due to National. State and
Private Banks and Bankers
and Trust Companies, other
than reserve. 5000 O0
Deposits (demand)
subject to eck..$43, 1888 SO
Cashiers checks
0utstanding.... l5l IL 44,Oo4 ~
Deposits time)
savings and spe-
clal.....,..,......... Z0,0oZ ~
Certificates OF de-
Total. 105,647 80
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1920-03-19
PM bLic Sale
OF
PERSONAL PROPERTY.

Having decided to discontinue farming
and rented my farm. located half mile west
OF Old Germantown, on the road leading
from Germantown to Boyds. MONTGOMERY
county, Md, | will sell at public sale on
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1920-03-19
REPORT OF THE CONDITION
OF THE
BANK OF BETHESDA,

at Bethesda, in the State Of Maryland.
at the close Of business February 28. 1920
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1920-03-19
Public Sale
OF
PERSONAL PROPERTY.

Having sold my farm. will sell at public
sale, on the premises. situated on the old
Emory road, one mile from Olney, Mont
eomery county, Md, which lies on the State
road leading to Washington, D. c., on
New-York tribune., 1920-03-07
Making IN Early start

Question-.Would you kindly rtv, ma .a.
VICE on purchasing German marksf hesrd
rumors that German marks ara \ rood IN.
vS vSsCment- am . student in hirh school. at
tne age Of sixteen, and have saved \ fsw
nunored dollars and would like to invest Il Il
xnew It was safe. know YOU havr +he
ability to tell me the safest way couId ;n-
vese my money. Kindly let me know how fhe
GERMAN marks stand at the market and the
price per share. Please give me good nd
vice because have worked hard to earn a
1ew hundred dollars and don't like 70 lose Il.
! am leaving everything to you because I
nave confidence in you, and I know you
would like to help out q young student who
Is planning his future.-A. w.
:. Answer-For the present we believe
there Is only one Of two things for you
TO do. Keep your savings in the bank
or arrange with your bank to buy Lib
erty bonds for you. If you bought Cor
man marks You would not be investing,
but gambling. The money you have
worked so hard to earn might be lost
overnight and you would have to start
in all over again. As it is, you have
made good beginning. By keeping up
the practice Of thrift and dismissinr
from mind all notion Of getting rich
quick you will be we'll rewarded by
having capital to invest in safe, legiti-
mate enterprises by the time you have
reached the age when you will know
how to select investments with good
Judgment and discrimination.
New-York tribune., 1920-03-07

per cent bonds for 1919. In thi. VIA
were in error. There has been some
confusion in making reports, as in the the
case Of the year 1918 Corporate and
Federal income accounts were COM
bined. In this year the bond interest
was given as $8,334,12 but this in.
cluded interest on unfunded debt W Which i
amounted to $2,722,624. This charge
was, of course, subject to interest on
the funded debt. 1t was in this item
that the error was made. Your fipura.
are wrong, for the reason that YOU havs
taken the roads net income from nace
556 Of "The Commercial and FinanSisj
Chronicle" as $7,359,2S5. This amonnt
was before taxes. The actual net in.
come after rentals for 1919 was S6 ,(33.
Ss75, against $5,434,32O for 1918. In
terest on the debt, excluding tho in
iterest on the adjustment per cent
bonds, was s4,925,s4O, so it will be seen
that the Denver & Rio Grande did ac-
tually earn the interest on the refund
ing per cent bonds, and. as the inter
est on the adjustment bonds is s7O0 .01,
per annum, the interest on those bonJs oJs
was earned also, leaving a margin Of
$407,535. ~
New-York tribune., 1920-03-07
Stock Prices Hold
Well in a Quiet
Session ON Curb
Broad Market in Carib SYN.
dicate a Feature of Out
side Dealings; Submarine
Boat Continues to Rise

Stocks in the outside market did COM
paratively we'll in a quiet session yes
terday. The curb did not start opera
tions until 10:30, owing to the effect
Of the storm upon transportation, which
delayed brokers in getting down town.
The oil shares were fairly active, all
things considered, and held steady as
rule. Trading in Simms Petroleum
amounted to 5000 shares, the stock get
ting up to 36A and closing there. Elk
Basin Petroleum was firm. A broader
market developed in Carib Syndicate,
which advanced to 80. Cities Service
bankers shares closed at 39K on deal
ings of 1000 shares. Texas Oil, when
issued, sold at high as 46h.
In the industrial group General As
phalt common held around its closing
level Of Friday. Submarine Boat con-
tinued it's rise, getting up to TN. 1t is
rumored on the curb that the company
will apply to the Stock Exchange for
permission to list its stock on the big
board.
Announcement was made yesterday
that the Louisiana Oil Refining Com
pany, subsidiary Of the Invincible Oil
Corporation, has brought in its Jackson
No. 81 we'll in the Homer field, with an
initial flow Of 4,O00 barrels day. This
we'll is in the shallow part Of che field
and was completed around 1875 feet.
New-York tribune., 1920-03-07
the MERCHANTS BANK
OF TIE CITY OF new YORK

Notice 10 hereby given that Special
Meeting of the Stockholders Of this Bank
will be held at the once OF the Bank. -
Wall ST.. New York City. on March Is
1890 az u o'clock 4. N. Al this Meeting
he Stockholders will be invited to con-
s.der and to act upon an Agreement for
the merger OF this Bank into President
and Directors Of The Manhattan Company.
which agreement has heretofore been OK
ecuted by the officers Of this Bank by
authority OF the Board OF Directors ana
has been approved by the Superintendent
Banks, and to transact such other
business as may properly come before
the Meeting.
The transfer books will be closed at shs
close of business March 23rd ana reopen
At the beginning OF business March 35th.
OWEN E. PAINTER, Cashier.
New-York tribune., 1920-03-07
SOUTHERN PACIFIC COMPANY.
NOTICE OF MEETING.
165 Broadway. New York n Z


January .. 1929.
The Annual Meeting OF the Stockhoiders
OF the Southern Pacific Company Will be
held at the ONCE Of this Company in An
chorage. Jefferson County. Kentucky. on
Wednesday. April I. 1920. 1T twelve
O'Clock noon, standard tisne for the fol-
lowing purposes. viz
/. To elect fifteen DirectorA
g. To consider and act upon all Ques-
tions and matters which they legally oorse
before the meeting relating TO Federal con-
troll of the Company's properties under the
act Of Congress OF March 81. 1913 or any
agreement or settlement with the Govern
ment In respect thereto or relating to tho
termination OF such Federal control by the
return OF the properties or otherwise. and
or relating to conditions resulting from or
succeeding such Federal control. and gen.
orally all questions and matters growing
out OF or incident to such dontrol. ter
nination thereof, following conditions
3. To transact all such other bustns0 ~
may legally como before the meeting. In
ciuding the approval and ratification Of all
action of the Board OF Directors and OF the
Executive Committee since the last annual
meeting Of tho Stockholders Of this Com
pany-
For the purpose OF the meeting, the
books for tho transfer. Of stock WIN b
closed IT o'clock p. NJ. Tuesday, March
23. 1920. and will be rsopened at 10 o'clock
A. NJ. Thursday, April !. 1890.
By order OF the Board OF Dirsotorn
HUGH NELL. SecyotarR.
New-York tribune., 1920-03-07
Keepins on Safe Ground

Question-Will you kindly advise mo
through your column In regard 70 the follow
ing: I have $1,000 70 invest and have been
urged 70 purchase Straus Plan 8 per cent
bond. Do you consider this wise move for
a person Of small means? What are the dis
advantages Of this plan. II anyr Would you
recommend . Liberty bond instead, although
the return y less sf-S. g. J.
Answer-The bonds issued by S. W.
Straus 4 Co. are we'll secured and
offer . good s per cent investment,
without any disadvantages Of which we
are aware. Liberty bonds are, Of course,
the worlds premier security to-day, and
they are selling at prices that make
turn on the investment and the chances
for an enhancement Of principal.
New-York tribune., 1920-03-07
Interest Was Earned

Question--In answer to . recent inquiry
you stated that the Denver Rio Grande
did not earn the interest on the refunding
Per cents for 1919. On Page 556 Of Tho
Commercial and Financial Chronicle" Is
sued February 7. 1920, the following figures
arc shown for Denver 4 Rio G+ande for the
year ended December 81. 1919. Gross earn
ings, $33,o16,256 against $31,s52.213 for
1918: net income. $7.35s,2S5. against
s6.O5s.73s for 1918 The foregoing are the
gross and net under government operation
and are not the figures agreed upon by the
government Is q rental for use Of the prop
erty, fS.S1s,o0o per annum: The charges
against income. Including interest on the
arst rsfundins per cent bonds and also
interest on the adjustment mortgage I per
cent bonds. were approximately $s.2ooo 900
for 1919. and the charges against income
for 1918 wore somewhat less. Some of the
holders Of Denver Il Rio Grsnde refund
ing 81 and adjustment Is think you should
make a public correction Of your state
ment about the interest on the refunding IS.
IS. D. F.
Answer-We stated in these columns
that tho Denver 4 Rio Grapde had not
EARNED thA lntsksat u ats Es&undin9 :
New-York tribune., 1920-03-07
Twin City Railroad

a. ouetion-Pleass give me some informa-
sion regarding Twin City Railroad Com
pany. Some years ago fifteen shares cost
mo $4,000; What Is it selling for now, Is
It good buy ct PRESENT. would also like
70 know about Pittsburgh. Bssemer Lake
Erie. have some shares and can find no
quotation on It. Would it be n good time to
sell now 7-F. II. l.. ~
- Answer-The last price recorded for
Twin City common stock was 3lh.
The present price would appear to have
rather we'll discounted the poor earn
ings. The net income for 1919 was
$?8s,952, against $691,S for 1918. The
directors recently declared a dividend
OF $3.50 share on the common. This
stock appears to offer speculative posi-
bilities at present. The last sale of
Pittsburgh, Bessemer & Lake Erie
common stock was at about $25 share.
Perhaps this company will benefit by
the new legislation. It might be a good
plan to await the results Of the roads
operations under that act.
New-York tribune., 1920-03-07
Earnings Take Big Drop

9uestion-Will you tell mo what is the
outlook for Lackawanna Steel, and do you
advise holding same7 What is prospect Of
Sinclair Consolidated Oil advancing and for
dividends I'll. w. S.
Answer-Lackawanna Steel is and al
ways has been very speculative stock.
The company profited greatly during
the war period. The year 1919 was a
poor one in comparison with the three
or four previous years. The company
earned but $1.o2 share on the stock,
yet the directors saw fit to declare the
regular quarterly dividend Of IL per
cent, The company had built up good
surplus. and in all probability the di-
rrectors felt they were justified in draw
ing upon this surplus to pay dividends,
believing that the coming year will
show better results. Sinclair Consoli-
dated is said to be earning we'll. but as
no statement of operations has been
published since the consolidation of
the properties the-value of the stock
and the prospects for dividends can
only be conjectured.
New-York tribune., 1920-03-07
THE MERCHANTS NATIONAL
BANK Of the CITY Of NEW YORK

NOTICE IS HEREBY GIVEN that 1T Q
meeting OF the shareholders sf The Aes.
York. held on January IL. .tse. Il wes
vcSed that tho aid Baok go into llauide-
tien and be cioJe, and dissolved.
All holders of otes and other creditors
Of Aaid BsnkinL Association are hereby
so,iasd 10 present s.ch notes ana othse
claims asa!nxt tho Association for pay
ment at It's Banking House. Number II
Wall Street. New York City. until Fehrv-
cry rs. 1920. and thereafter to IT. hQut-
dating agent. tte President and Ltrectsre
~ the Manhattan Company. at NumboI -
Wall Street. Ecw York City.
ny order OF the Board of DlrectorA
O. e. PAYNTER, Csshies.
Dated New York. January -. 1859.
New-York tribune., 1920-03-07
Con.iders Japanese Bond.

Question: have $4,000. and was thinking
Of buying japanese bonds, about $500. and
putting the rest Of the money into American
Woolen preferred and American Leather pre-
your opinion Of japanese bonds 7-l. M.
Answer-We consider that the Jap
anese bonds offer good opportunities
for investment. The yield is good at
present prices. You must bear in mind,
however,. that in purchasing foreign
government bonds there is always a
chance Of political complications. In
this case We believe the chance to be
remote. American Woolen preferred,
on account Of the large earnings Of the
company. Is entitled to good invest
ment rating at the present time. The
American Leather Company has a good
record Of earnings. thus giving the
preferred stock good rating also.
New-York tribune., 1920-03-07
I'm Speculative Position

Question-Please give mo your opinion Of
the following railroad stocks: Union Pacific,
Southern Pacific. Great Northern preferred
Northern Pacific and Illinois Central. Which
Of these do you regard as investments and
which rs speculations7 1 bought Southern
Pacific on February 9. When should I get
the first quarterly dividend ?-R. T.
Answer-We do not rate any Of the
railroad stocks you mention as pure
Investments; dividends have been
less the uncertainty of how the roads
will manage under the new legislation
necessarily places these stocks in a
speculative position. Of those men
toned. Union Pacific has been the best
Garner for several years, with South
ern Pacific next, Illinois Central next
and the other two about equal. You
should receive tho next dividend on
Southern Pacific April l.
New-York tribune., 1920-03-07
Dividend Not Earned

ouestion-Do you consider Lackawanna
Steel . good investment or not? I bought
ten shares at $87. Would you advise me to
sell at present and lose about 5000 or trust
to luck to get my money backf 10 you
consider the Standard OIL subsidiaries safe
for small investors? Which ones in particu-
lar miss J. E. W.
Answer-Lackawanna Steel stock is
not a good investment, as may be
judged by the recent annual statement
of the company. which showed slightly
more than 81 share. earned on the
stock The directors, however. saw fit
to declare the regular dividend at the
rate Of s per cent per, annum, possibly
believing that the present year will
show better results. Standard Oil
stocks are not, strictly speaking. good
investments for small investors. Prices
luctuate greatly, and the return m on the
likely is due to the fact that the large
surpluses of some companies are re-
fected in the prices Of the stocks.
Standard Oil of New Jersey is probably
the company which attracts tho great
est attention.
New-York tribune., 1920-03-07
Wants 20 Deposit German Marks

Qusstlon-WW you Kindly let me know II Il
IL possible to depesit . check Of about 20. 900
marks in any bank OK trust company in New
York Cityf Owing to the present unsettled
conditions. wish to deposit above amount
temporarily In this city. Also. kindly ad-
wise which b Q safer Investment. German
munieipal bonds or German marks.-Y. B, NJ.
Answsr-If you have . check drawn
on q German bank for 10000 marks it
would Be better to cash the check. The
bank which has drawn the check viii
not DO responsible for the money after
a reasonable length Of time, and If the
bank on which the money is drawn
should fail you '9l would be in . bad way
e9e1i1e - aaeesa 1A Ns 6enk =
New-York tribune., 1920-03-07
FINANCIAL MEETINGS
THE MERCHANTS NATIONAL
BANK of the CITY Of NEW YORK

NOTICE is HEREBY GIVEN that ., .
meeting OF tho shareholders Of The Ner.
chants National Bank OF the City Of New
York, held on January IL. 1890. IL vac
may be necessary or convenient 70 oe-
genize this Bank.ns. AssociatloK - An IL.
esrrorated bAoA Of Che State Of NoV
York by the Eame .f The Merchants Bank
Of the City Of New York: and also that
when this Bank shall have been rgantzeA
~ an incorporated bank of the State >f
New York proceedings b taken - merge
ii with the President and Directors Of the
Manhattan Company.
BY order of the Board OF Directors
o. T.. PAYNTEH. CaehieA
Dated New York; January IL. 1880.
New-York tribune., 1920-03-07
Canadian Pacific

0uestion-Would you be good enough TO
give me your opinion Of Canadian Pacific
stock az its present market price for one
wno IL willing to take reasonable chance
ana an Is not dependent upon the income for
ivine expenses What, il any, effect do
you think the present railroad legislation
p .,as this country will have on Canadian
relative merits of United States Rubber com
mon and preferred?-G. II.
Answer-We do not see why railroad
legislation here should have any effect
on Canadian roads. Canada will prob
ap4y enact some new legislation. The
government already operates one large
system. There has been some talk of
an increase in freight rates in the
dominion. Canadian Pacific stock
oners speculative investment opportu-
mites. The dividend was barely earned
our1ng 1919. but that was on account
OF OF greatly increased operating costs.
Ihe road certainly did better than
most OF the systems in this country.
United States Rubber preferred stock
is entitled to a good rating as an in
vestment. While the dividend Of 8
per cent is non-cumulative, the COM
pany has shown a good margin over
dividend requirements for several
years: The common stock is highly
speculative. The company enjoyed
great prosperity during 1918 and 1919.
current earnings are said to be less
than during those periods. For specu-
iative purposes the stock has possibili
ties, yet it is subject to very violent
New-York tribune., 1920-03-07
Seeking Safe Investment

Question: have saved 1000 and ,.o,,,d
like to get safe investments Yielding about
to per cent. Will you kindly advise mo
about Ms,, the following bonds: Consolidated Gas,
Tesnhnm e~ nork : Sensral per cent and American
safer "A. w. "o"os
Answer-The Consolidated Gas bonds
are entitled to good investment rat
ing, as are the American Telephone 6
per cent bonds.~ The New YORK Gem
tral bonds are not secured by mort
gage, although we believe that the
4o 1oaas should manage to earn the in
tlon by an ample margin. We de not
consider the French and Belgian bonds
safer. They do, however, offer specu-
latlve investment opportunities Which
are unusual on account of the exchange
New-York tribune., 1920-03-07
MOI in Inveatment class

Question-will you please give me what
Information you have on record In regard TO
Middle States Oil7 Would you consider this
stock now In the investment class also Liv-
ingston Ou7-A. H.
Answer-Middle States Oil has
shown considerable progress and ap-
pears TO have speculative possibilities.
We do not, however, consider this
stock. or Livingston Oil stock. entitled
to consideration as an Investment. The
uncertainties involved in the oil pro-
ducing business preclude these stocks
being given any but speculative rat
ing.
New-York tribune., 1920-03-07
CHICAGO. SAINT PAUL. MINNEAP0ILo
AND OMAHA RAILWAY COMPANY.

NOTICE OF ANNUAL MEETING.
The Annual Meeting OF tho Stockholders
of the Chicago. Saint Paul. Minneapolis
at the once Of the company. in the city
OF Hudson. Wisconsin. on Wednesday,
April IA, 1920. at nine o'clock A. NJ. for
the election of directors and the trans
action OF such other business 40 may come
before said meeting.
Transfer books will be closed on FRI
day. March IL. 1920. at the close of bust
ness on that day, and will be reopened Or
Thursday. April 16. 1920.
Dated. February 2s. 1920
JAMES T. CLARK. President.
JOHN Z. CALDWELL. Secretary