davidaulloa/AmericanStories huggingface dataset:
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-12-30

Up with the hammer of prot~ctionl Ne
Wilson league Of nations Amcri~
firxtF
On Guard
President Wilson has purchased .
magnificent home in one Of the crelu-
siye residential sections Of the Nation
al C'pital for his occupancy after he
leaves the White House on March 4th
BY 80 doing he breaks another prcce-
dei.t, as never before has q retiring
President continued his abode In
Washington IL has been suggested
that as a matter Of good taste Mr.
Wilson should have retired to his
former home at Princeton. New Jcr-
sey, rather than remain in the midst
Of tie activities Of n party seeking 10
reconstruct the Government after the
effects Of his eight years Of rule
Whether his home will be the head
qinrters Of Democratic opposition re-
mains 10 be seen. but that Mr.. Wilson
intends to take n lively interest in the
ntt.cnal affairs Of the future Is indi-
Gated by his selection Of Washingtos
as his headquarters
Moses Stops . Gap
An amendment kas been proposed
by Senator George H. Moses Of New
Hampshire 10 the resolution passed By
the House repeating emergency war
legislation that, IL adopted, will prevent
deserters from the Army from obtain
ing refuge in its provisions. II reads
- follows: Provided, however, that
herein contained shall be con
strued Ga effective 10 terminate the
status Of any person new in
desertion from the military or naval
service Of the United States, nor 10
terminate the liability to prosecution
and punishment under the selective-
service law Of any person who failed
TO comply with the provisions Of said
act" II is reported that slackers and
ieserters are being treated with great
eniency by War Department officials.
and Mr.. Moses Is determined that the
policies Of the Secretary Of War shall
receive no encouragement from Con-
yress.
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-12-30

Montpelier Dec. 26-The docket for
the January term Of the Vermont Su-
preme Court which convenes the
fourth Of next month has been print
ed. II shows one new State case, from
WinCsor county, namely State Va. Zebe
Thibedeau, charged with neglect Of a
minor child. There is not a case in
Addison county and only two in Benn-
ington county on the docket In Frank
Lin county are the Girards VS.. Jerry;
Cramptoa VS.. Lamonds; Stimets VS..
Nye; Reed VS.. the Websters, as new
cases on the docket.
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-12-30

Middlebury, Dec. 26-The Sunday
schools Of the Protestant churches OF
,.iGdlebury, united in the presentation
Of a pageant entitled, Following the
Clean" which was presented In the
auditorium Of the Congregational
church Sunday evening. The pageant
was presented in behalf Of the Near
East relief fund. The collection at the
close Of the program showed q total
Of s202.35. The total quota for Mid
dlebury is $500 The evening program
was in charge Of the Rev. z. W.
Gould. county chairman Of the Near
East Relief fund. There were present
in the audience some Burlington
people, who at the close Of the per-
formance asked Mr.. Gould IL some ar
rangcments could not be made where
by they could go 10 Burlington and
present the same pageant for the ben
eft Of their relief fund
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-12-30

Middlebury, Dec. 26-An unexpect-
ed Christmas gift 10 Vermont Acad-
emy was received today by Prof. Ray
mond Mcfarland. principal Of the
academy, at his residence at Middle
bury. In letter dated at Los An
geles, Mortimer r. Proctor Of Proctor,
inclc sing a check for 81 500. wrote TO
Principal Mcfarland: 81 have been
much interested in your going 70 Yer
mont Academy and once more bring
ing a valuable and well known YER
mont institution to life The academy
can I'LL large part in the career Of
young Vermonters and with you at the
helm, all possible success is assured.
am mailing a check which you may
use as you think best in the interest
of the academy. II is a small token OF
my best wishes 10 you and your work" F"
It Is the wish Of Professor Mcfarland
that the gift be used to establish a
prize for improvement to be awarded
to the senior Of the academy who
makes the most improvement in his or
her academy course.
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-12-30

the principal defendant bought Of the
electric company recently. Twenty
thousand dollars n the damages are
claimed for the last two year period.
Vile s. 900 Is for damages done be-
fore that time Julia Andrews Of RoI-
bury. who claims she was injured
when stepping Of a Central Vermont
ssilway train al RoIbury April /.
1919. suffering an injured knee. brOk-
en ribs. a loosened kidney and other
injuries. has brough "a suit for s. 900
aeainsi John Barton Payne, the d.
rector general Of the Central Vermont
Rsdlway Company
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-12-30

81. Albans, Dec 26-Michsel Barnes
aged " years, died Christmas after
noon At his home on Lincoln avenue
after a lingering illness Of several
months. sThe funeral will be held at
St Mary's Church Tuesday a. m. at
Q o'clock and burial will take place In
Holy Cross Cemetery. Mr.. Barnes was
born In the county Of Limerick, Ire
land. He came 10 tia city when q
young man and entered the employ
ment OF the Central Vermont Railway
in 1865 and, therefore, had been in the
employ Of the Central Vermont contin-
uously for 55 years For five years he
acted as delivery clerk, having been
the first delivery clerk appointed in
the local freight Office. The deceased
is survived by his wife, formerly Miss
Nellie Manahan Of Swanton, and four
children, the Rev Sister st. Marie
Raphael Of Providence, r. l.. Miss
Winifred Barnes, N. Edward Barnes
and X. John Barnes Of this city.
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-12-30

Up with the hammer Of protectioni Ne
Wilson league Of nations Ameris~
frxtF
The Sun and the New York herald., 1920-04-16
LIBERTY BONDS AT
NEW LOW LEVELS
Practically All Issues Drop to
Worst Prices at Which
They Have Sold.


Liberty and Victory loans in prac-
tically every issue touched new low
levels yesterday Two OF the issues
closed at sS6.76, q loss Of $l3.24 on
every bond Of those issues of 500 val
uation put out at par by the Govern
ment. Those two issues dropped during
the day to SS6,74 and $S670, but rallied
before the finish. Another issue also
fell at Its lowest yesterday TO SS6.70. but
recovered during the day.
A combination OF circumstances has
placed u stress on the Liberty bond
market which II has been unable to
withstand. with the result that the
bonds have been depressed further daily.
Practically all OF the selling. It is re-
ported. is from interior banks, which
have sent their Liberties to New York
TO be cashed.
The three most active factors behind
the heavy liquidation in the securities
have been the raise to 5h per cent. of
the Governments borrowings on certif-
Gates of Indebtedness, OF which 1t has
had some trouble disposing even at that
price belief that the soldiers bonus
proposition will lead to another bond
issue. and high interest rates being
charged by the banks for carrying Lib
erty bonds, In some cases holders of
part paid bonds are receiving anywhere
from TO AZ per cent. on their bonds
and are paying the banks 7 to 7h per
cent. interest for carrying them. An
other reason for the liquidation. which
has cropped out within the last few
days. is the strike. which has made II
necessary for many persons whose in
comes have been suddenly shut OFF to
The Sun and the New York herald., 1920-04-16
Newark Banks Merge.

NEWARK. n. J.. April 15.--At separate
meetings to-day the stockholders OF the
Merchants National Bank and the Man
utacturers' National Bank of this CT.
voted unanimously TO merge the two in
stitutions under the name of the Mer-
chants and Manufacturers National
Bank of Newark. AS soop as the
merger is approved by the Comptroller
OF Currency the combined directorates
will meet The officers OF the Mer-
chants bank will hold office until the
ne:.t annual meeting. and William J.
Garner. president Of the Manufacturers
bank. will be made an active vice-presi-
dent OF the merged institutions. The
combined capitalization is $l,350,o0o.
The Sun and the New York herald., 1920-04-16
GOLD IN TRIANGULAR DEAL.
Sent Here for Argentine Account
for Great Britain, Is Report.

BUENos AIRES, April 1.-THE ar
rangement whereby the British Govern
ment will lend Argentina $50. 600. 900 to
pay of the 6 per cent five year loan OF
that amount due to New York bankers
on May Is is in reality sort of trian-
gular transaction, by which Great Brit
ain pays of half of the 800 900, 900 she
owes Argentina, II is learned from an
authoritative source, The latter debt
was contracted by Great Britain with
argentina in 1918 in the form Of a
credit for the purchase of wheat.
1t is understood that in view OF Great
Britains shipping gold 10 the United
States, Great Britain agreed with the
Argentine Minister in London to ship
$50. .000.000 for the account OF Argentina.
which will stand as British loan TO
this country at per cent. until Janu-
ary next. when, unless other arrange
ments shall be made, il is expected that
Great Britain will charge the sum to
Argentina in paying of the slO0,000,6oO
debt
The Sun and the New York herald., 1920-04-16
ExplorerS Talk to Travel Club.

The Travel Club of America observed
Travel Day Of National Marine Week
by a luncheon at the Commodore Hotel
yesterday. following which the members
Of the club visited the National Marine
Exposition In Grand Central Palace.
Henry Collins walsh, president of the
club, presided at the luncheon. Capt
Robert A. Bartlett. who accompanied
Admiral Peary to the North Pole. told
In an illustrated lecture OF the explorers
trip. Roy Chapman Andrews, who re-
Gently returned from Mongolia. delivered
an illustrated lecture on Travels in the
Land of Kublai Khan and Major An
thony Fiaia described his trip with
Roosevelt In Brazilian Junglea"
The Sun and the New York herald., 1920-04-16
BANK OF ENGLAND
RATE IS AT Up. G.
Expected Increase Does Not
Affect London Stock Mar
ket Seriously.
BUSINESS CIRCLES SPLIT
Interest on Bank Deposits Ad-
vances to 5 Per Cent
Highest in so Years.
BUSINESS CIRCLES SPLIT

Special Cobie Despdfch 10 tbs Sun AND NEw
YoRK HERALD Copyright, 1890, 6V The Sun
AND NEw YoRK HERALD.
LONDON. April 1.-THE increase In
the Bank of England's minimum dis
count rate from per cent. to per
cent has not seriously affected the
stock market, In which II was antici-
pated. but banking and commercial air
cles are widely divided on the result Of
the raise. Banks here to-day raised
the interest rate on deposits TO per
cent, the highest IN half n century
OHicial approval OF high money Is w.
stanced In the addition bf / per cent to
the rate on Treasury bills.
I The rate fixed yesterday marks the
Governments determination to bring
the fiscal situation squarely TO the at
tention Of the man In the street pend
Ing consideration OF the budget next
week. This Is n most important element
In the work OF Austen Chamberlain,
Chancellor Of the Exchequer, in caring
for the floating debt, which is consid-
erably in excess OF Gl,OOo 0OO0O0. Indeel.
he had to ask for E55,0O0,0O0 OF new
money 10 meet the floating debt matur-
Ing in the first ten days OF this month.
Now he is reported TO be determined TO
make tho people zee that this must end
either through capital levy or through
some radical funding scheme involving
widespread popular support
The raise in the bank rate will result
in further exports of gold to the United
States TO pay the Anglo-French loan. as
the higher bank rate now is not intended
to check the export OF gold to the United
States but to protect the Bank OF Eng
lands reserve from every speculative
and unnecessary demand outside the
Governments needs.
II is predicted here that the effect OF
the new rate will be a general COM
mercial rate OF per cent. the highest
within the memory OF British business,
because, although that rate was quoted
at the outbreak of the war in 1914 1t
was a more or less fictitious quotation
as the banks closed and little II any
business was done.
Although opinion generally In banking
and business circles supports the Gov
ernment in this radical measure 10 re-
strict the unnecessary demand for
money there Is much pesslmism in many
quarters TO the effect that legitimate
business will be seriously impeded, the
advance adding TO the ever rising cost
Of production. with the result that, IL Is
feared, British export trade may be
seriously crippled.
The Sun and the New York herald., 1920-04-16
throw their securities on the market

throw their securities on the market
for any prices they would bring.
A resume OF the low prices established
yesterday and the prices OF January 10
and Of April IS, 1919, shows a heavy loss
to every holder Of the bonds over those
periods One consolation Is TO be found
in the fact that at the current levels
these gilt edged securities yield a very
high interest rate for n Government
bond. The yields now run from $50 per
cent. to 6.O3 per cent. against S.6s per
cent to ASo per cent. at the same time
last year.
The following table shows the mar
ket prices of Liberties and Victories at
the close yesterday, their prices on jan
uary l5. 1920, and their prices on April
lb, 1919:
The Sun and the New York herald., 1920-04-16
Republic Railway Gains.

The Republic Railway and Light Com
rany reports for February gross earn
ings Of $659.s4S, an increase OF Sl62.-
275. or $3.50 per cent. from those of the
same months a year ago. and surplus
after preferred dividends OF $27,509
against Sc, s02 in February. 1919 For
the twelve months ended on February
20, the company reports gross earnings
Of s6,5ss,S2s. an increase of S957.212. or
II per cent. and a surplus after pre-
ferred dividends, OF $4,000, as con-
trasted with deficit of s5s.7O9, In the
same period q year ago.
The Sun and the New York herald., 1920-04-16
bank Of England statement.

LONDON, April l5,--The weekly state
ment of the Bank OF England shows the
following changes: Total reserve in
creased f1.oS7,o 900. circulation decreased
f792,O00, bullion increased f3O4,707,
other securities decreased f1S,65S,O0O,
public deposits decreased f5.6e3,0oO,
other deposits decreased fl0,S20,O 900,
notes reserve increased f1,120.000, Gov
ernment securities decreased f3,9S0,O00.
The proportion of the banks reserve to
liability is l7.49 per cent last week II
was 1898 per cent. Rate of discount Z
per cent
The Sun and the New York herald., 1920-04-16
philadelphIa Electric surplu. Up.

The annual report Of the Philadelphia
Electric Company FOR 1919 shows sur
plus. after charges and Federal taxes,
OF $3,2O5,026. equivalent to s2.22 a
share of $25 par value, earned on $2s,-
6lS.S25 OF capital stock against S2.032,-
3s4 surplus, or S2.0S a share earned on
s24,9s7.750 of capital stock in 1918.
The Sun and the New York herald., 1920-04-16

The annual report of the Steel Com
pany OF Canada, Ltd, for 1919 shows
surplus. after charges apd war taxes OF
$2,3S2.17l. equivalent, after preferred
dividends. to S16.76 a share OF 500 par
value earned on $11.50O.000 Of common
stock. against a surplus OF $2.42s.75S,
or S1717 a share on its common stock,
in 1918.
The Sun and the New York herald., 1920-04-16
Arlington Mills Cuts Melon.

Boston, AprU 15.-The Arlington
Mills declared to-day stock dividend OF
so per cent. 1t was voted to increase its
capital stock from $4,000, 900 to S12. 000,-
O9O, distributing the new stock among
present shareholders.
The Sun and the New York herald., 1920-04-16
France TO Liet oil Ban.

PARIS, April 15.-Governmental pur-
chase and distribution Of all oils used
in France will come to an end on April
9S and all restrictions on commerce in
oils will be lifted on that date. ,juriDg
1919 France used s0.00O,O00 gallons Of
gasolene and a similar amount Of illu-
minating and lubricating oils. OF which
American OIL companies furnished 80
per cent American oil interests nave
have always held q dominating position
herA
The Sun and the New York herald., 1920-04-16
The Money and Credit Situation

The crejlt situation will easily Be
the dominant market factor this
year and especially in the period of
seasonal strain this Fall. A thor
ough understanding OF this in
fluence is essential.
The Sun and the New York herald., 1920-04-16
The Increased Supply
Of Industrial Sec urities
By Thomas GI6S0n
Author OF The Pitfalls Of spseula.
tiOn, The Simple Principles Of
Investment. etc.

In the last three years industrial
corporations have issued over $780,
000,O OF new bonds, 500, 900, 900
stocks. The probable effect of thia
huge new supply on future security
prices Is clearly set forth. =
The Sun and the New York herald., 1920-04-16
Relative Position Of Vari-
GUS Classes of Securities

War conditions have. depressa0
some classes OF securities ana
greatly benefited Others. Now that
the war is over, there Will be some
sharp Establishments. The nature
and extent OF such reversals are
forecast.
The Sun and the New York herald., 1920-04-16
FINANCIAL NOTES.

Mullins Body Corporation reports for
March total business. si0s,000; profit.
sISe 900 and profit for three months more
than s2s3. 600 before Federal taxes.
General Cigar Company reports net earn
inGs for three months ended on March 81,
after deducting all charges and estimated
Federal taxes, as ;5e,sss.
p c. A. Schroeder has sold his mem.
berRhip In the New York Coffee-Sugar Ex-
change to Jerome Levine for t6, 100. The
last previous sales OF such memberships
were for s7.10e.
Edward c. DelAheld, president OF the
Franklin Trust Company. has been elected
a director Of the Realty Associates Invest
ment Corporation.
Gypsy OIL Company. subsidiary OF the
Gulf Refining Company, IN joint owner
ship with the Shelly OIL Company and the
Phillips Petroleum Company, have brought
In 5000 barrel well on 100 acres in
Section 20. Township p. Range TO-. Usage
Nation, oklahoma.
The Sun and the New York herald., 1920-04-16
P.nnsylvania Crude OIL Market.

on CRY, April 15.-Credit balances,
S6.lo. Runs 1886; average, 50,644.
Shipments. 47.067 average. 5000.
The Sun and the New York herald., 1920-04-16
Other Topics

The new railroad laws. Foreign
trade and exchange. Taxation prob
lens, The technical situation. The
outlook for "a railroad bonds. y
railroad stocks, t3) copper stocks,
N industrial stocks. (5) oil stocks.
The Sun and the New York herald., 1920-04-16

The Forecast also contains de-
tailed lists OF securities which ap.
pear to be In the sa Fest ard mVst
promising position. Selections and
recommendations are confined 10
securities listed on the New York
Stock Exchange.
A jew copies haze been re-
serOed for free distribution 10
those interested.
THOMAS GIBSON
20 Broadway New York
The Sun and the New York herald., 1920-04-16

Net working capital -slss .75i, 500 $40 sOe oos
While 1t will be seen from the above
thar the net working capital has been
Increased during the year by sS,S52,4T2.
attention IL called to the fact that the
increase in net working capita' ev.
elusive OF United States Government
bonds amounted to s37,49l.27l. Tie
amount Of s2S.s52,O1S. invested in United
SiLtes Government bonds in 1913 and
temporarily carried in working capital.
was converted during 1919 into cash and
tile proceeds used for new construction.
as wag intended" "
The Sun and the New York herald., 1920-04-16
S5s,lso.4 400 sg,o25, sss
3I5s.s4i ss2 $50, 800. El

From which deduct amount
reserved for two months
proportion Of dividend
on preferred and deben-
ture stock. payable Feb
rusry 1.......,...."..... SSs,S2 4Ss,ies
The Sun and the New York herald., 1920-04-16

Total current assets. $a15 S24 Ts5 Sts3 AIS S2S
Current and accrued liabilities
Current accounts payable. s37, ,sis 3i3 SiS453 3l6
Notes payable. ............ 6,Sl2 Sls 19,S02. l5i
Taxes. pay rolls and sun
dries accrued. not due. il52l.77O 3,7es. .s65
The Sun and the New York herald., 1920-04-16

Mt profits for year after
daducting all expenses Of
manufacture Qncluding
maintenance). selling and
administration, as well as
, ordinary taxes. Insurance.
depreciation (ss, ,6sS. $50 Oj
in 1927 Of plant and equip
mem. employees bonus
stbck. employees invest
iIent fund and allowances
% employees on houses 80
Provision for Federal taxes
and extraordinary expen-
ditures .................
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-06-18
WANT BULL MOOSE
But PrOgressives Wait for Ac-
ton by Democrats.
Shy at Third Party Overtures,
Remembering 1912.

Chicago, June 1S.-Success of a
third party will depend on the Demo-
cratic national convention, according
to Bull Moosers of 1912. with whom
promoters of the proposed third party
are flirting.
Tho invited to join in third party
movement, the ex-progressives are
holding off until they see what the
Democrats do. Experienced with the
1912 attempt to put over a third par
ty ticket headed by Theodore Roose-
welt, the former Bull MooSers are shy
about leading another insurgent move
unless they have a reasonable chance
of winning.
Such former progressives as Jane
Adams, Harold Ickes, Kellogg Fair
banks and Raymond Robins, promi-
nent in 1912. have been invited to
join the committee of forty eight.
They expect TO reply to the invitation
directly otter the Democrats meet.
John F. Bass, former Roosevelt
supporter, and others do not take a
rosy view of the prospects of success
of any third movement.
The third party leaders are not
claiming they can beat both the Demo
Gratis and the Republicans this year,
but they are looking to the future.
"a third party will eventually be a
success" said Professor Stanley
Rypins University of Minnesota, and a
member of the committee of forty
eight"
we do not expect to elect a presi-
dent this fall but there will be a big
chance in 1924"
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-06-18
CANNOT BE DONE TOO MANY CLEWS
Dempsey Demand on Carpenter
Preposterous-Curley.
Slight Before Labor Day"
Would Interfere With Contract.

Tulsa. Okla, June 1S.-"The de-
mand put forth by Jack Kearns that
Georges Carpenter decide within a
week whether he wants to fight
Dempsey on or before Labor day is
absolutely preposterous," Jack Curley
said today.
Carpenter signed a contract with
me to box Battling Levinsky in Octo-
Der and l am now making arrange
ments for the match which probably
will be held in New York. Carpenter
must fill that contract" Curley said.
Georges Carpenter, French pugilist,
danced thru four rounds here last
night before-a small and none too en-
thusiastic audience.
Thru an Interpreter he was asked:
do you think you can whip Demp-
sey?"
After a spell of "parley vooing' the
interpreter said: Sure"
What makes you think so?" he
was asked
The interpreter voiced the question.
Carpenter shrugged his shoulders in
approved French style and spoke not.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-06-18
COLLEGE MEN ARE WANTED.
Only Physical Test Required of Such
Applicants for Commissions.

Camp Funston, Kan, June IS
Candidates for permanent commits
sions in the regular army will be ex-
amined by a special board of army
officers which will meet here July 4.
The candidates are officers or for
mer army officers who served in the
recent war under temporary commits
sions.
Under the new army reorganization
act candidates may be commissioned
in grades from second lieutenant to
lieutenant colonel. There are, how
ever, certain age limits which govern
the rank which will be awarded; no
person can be commissioned major for
example who is below the age of &C.
The examinations will consist of a
thoro physical examination, a mental
or educational test which may be
waived in the case of those producing
proof of graduation from colleges and
universities, and a test of professional
military knowledge. Applicants are
ordered to Funston for the examina-
ton by the war department.