davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-11-15
Chooses Speculative List

:, 0uestion-Would like an opinion on the
ioliowng stocks: American Telephone
ana s,i Telegraph Company, Union Pacific
=, ,Raiiroad, southern Pacific, Pennsy1 vana
Ksilroad, Northern Pacific. AtchIson, Amer
ican Sumatra Tobacco. Western Union.
especially their safety and the chances
Q, their dividends being continued
Answer-While the stocks you name
are the issues of successful corpora
tions, they are, nevertheless, more or
less speculative because they are the
tlrst to reflect changes in conditions.
Some are more speculative than others
American Telephone and Telegraph is
IN business where earnings do not
show such great variation, therefore
the stock is entitled to better rating
than the others, with the exception
of Western Union, which is in very
much the same class. Railroad stocks
are particularly speculative at this
time because it remains to be seen
how the roads will operate under the
new conditions. We cannot, there fore,
express an opinion regarding the fu-
ture dividends of such companies. We
90 not recommend such issues for in
vestment, but suggest the considcra-
ton Of sound preferred issues.
New-York tribune., 1920-11-15
4. S. Observer Impressed
BY Europe's Labor Spirit
Increased Willingness to Work One of Important
Factors in Recovery, Says w. S. Kies; All
Realize Colossal Task Ahead, He Says on Return

All Of Europe, the leaders Of the COM
mercial classes, as we'll as the lcaders
of the masses, including the radical
thinkers on the Continent, are i'm
pressed with the colossal task set be-
tore them in constructing a new social
and economic system out of the rem
nants of the pre-war organization, ac-
cording to w. s. Kies. chairman Of the
board of the First Federal Banking As
sociation.
Mr.. Kies only recently returned from
the other side after making survey Of
financial and economic conditions, es-
peclally with view to determining the
credit needs of Europe. His observa-
ton is that progress toward the re-
storation Of the normal order Of things
IS being made surely if slowly. He
VISITED Great Britain, France, Belgium,
Holland, Scandinavia, Germany, Aus
trla and Czecho-Slovakia.
"A pessimist will come away from
Europe" said Mr.. Kies, CONVINCED that
Europe is headed straight for economic
ruin and financial bankruptcy, and the
logic of things will apparently be with
nm The optimist, on the other hand,
VIII see new Europe being slowly but
surely reconstructed from the ashes Of
the great war. He will see perhaps in
tne spread of demo ocracy and the prac-
tlcal development of new social ideals
a permanent gain to Europe. worth the
cost of present industrial inefficiency.
hlgh national deficits and appallinr
economic waste.
Gravity Of Problems
The man who tries to be neither an
optimist or g pessimist, endeavorinp
to observe impartially and iudiciallv.
will leave Europe sobered by the gray
iity of the problems ahead, but with the
feeling, nevertheless, that definite
progress has been made during the last
year.
1T is possible to set forth certain
lndisputable facts in the present sit
uation, which will be apparent to any
fair minded observer. One of the fa-
vorable factors in the situation is that
the greatness Of the task of recon
struction seems to be appreciated not
only by the leaders among commercial
classes, but by the leaders of the
masses. The necessity of building up
credit in order to purchase raw ma
terials. the dangers of initiation, the
necessity of increasing exports and re-
duclng imports, the need Of heavy tax
alton, and the cutting down of eXpendi-
lures in order to balance budgets
all these self-evident truths seem to
be quite clear in the minds of even the
Socialist leaders Of France, Belgium,
Germany, and also of Italy
The unfavorable factors in the pres
ent situation in Europe may be brief
ly set forth. With the exception of
England and one or two of the Cont
mental countries, budgets have nowhere
been balanced. Governmental expendi-
lures are still increasing in most coun-
tries. Vast armies of civil employees
clog the governmental machinery, and
waste. extravaganza and inefficiency
are still characteristic of all the gov
ernments Of Europe.
Partial Disarmament
disarmament has only partially
been completed. France is still bur
dened by a large army. So is Italy,
New-York tribune., 1920-11-15

Czecho- -Slovakia. Hungary, Rumanis
and Jugo-Slavia. Poland has been en-
gagged in war for existence. The cost
of maintaining armies is a crushing
burden upon countries impoverished by
the war.
Railroad fares have been increased
but the deficits of railroad operation in
every country are enormous. In Ger
ms~v this deficit is expected to reach
16 N.!lion marks this year. The same
deficit appears in the operation of
postal and telegraph services. Practi-
cally every country is showing a sur
plus Of imports over exports, due to
the high price Of coal and the need for
foodstuffs and raw materials. The past
year has shown n general percentage
increase in exports, and in many cases
decrease in the unfavorable balance
Since April Germany has actually
shown on the face Of the statistics
larger exports than imports, measured
by values. But the gap between i'm
ports and exports is still a large one
"The deficits caused by the enormous
cost of governments and the running
of railroads and other public utilities
have been met by further issues of pa
per money. This increased imitation
is reflected in still higher prices and a
further depreciation Of European cur
rencies in international exchange. In
few countries the process of inflat-
ing currencies has been halted. This
is true in France and in one or two OF
the neutrals.
Extravaganza Still Found
"Extravagant spending is still ap-
parent in every capital in Europe. The
cafes, thcaters and places of amuse-
menr are crowded; and while the poor
are in want, those who have money
ere denied nothing, and apparently are
not trying to check the indulgence of
their desires.
Industry in all Europe is suffering
from lack Of coal and raw materials
In Central Europe, the Agrarian
classes are prosperous, and problem
ment of the fixing Of prices of food
many countries has fallen off, while in
others the collapse of transportation
makes the distribution of surplus grain
impossible. The result is the neces-
sity of importing food at high prices
and the continuation Of government
subsidies on foodstutfs III order to
bring the price Of bread within reach
cf the masses. In Italy the subsdiz-
ing Of grain will result in deficit,
this year. of 5000, 100000 lire.
Among the favorable factors may
lie mentioned the increase in the will
ingness to work. In every country,
with the possible exception of Eng
land, there has been a decided i'm
provement in the spirit Of labor dur
ing the last year. In Germany there
is a splendid will to work. In France
the spirit is remarkable and there
has been decided progress this year.
Belgium, in many lines Of industry, is
Hack to pre-war efficioacy. In Sweden,
Holland and Denmark there has been
noted Improvement. This is also
true in CZecho-Slovakia and Hungary
"France this year has reclaimed
over half of her devastated agricul-
.urai fields, and it is estimated that
she will produce between IS per cent
New-York tribune., 1920-11-15
Woman Could Better Her Position

question: hold ten ahares Of Atchison
Railroad common bought al 81: ten shares
of Pennsylvania bought at A. and seventy
shares of Hecla M;nins Company bought
at SIS. Do you consider these safe in
to sell them? What preferred stocks
would YOU suggest In their places? Had
thought OF Bethlehem Steel 8 per cent
preferred and Virginia Carolina Chemical
per cent preferred.-N MRS. Il. l.. c.
Answcr-Your stocks are speculative.
Atchison and Pennsylvania less so than
Hecla Mining, but the fact that each
issue is in position where it is sensi-
tive to developments within the COM
pany precludes its being placed in the
New-York tribune., 1920-11-15

and 80 per cent Of the needed wheat.
This is distinct economic gain, for
although the peasants are living in
dugouts, caves and ruins, neverthe-
less the soil has been made to produce
substantial harvest.
Improvement in France
"ln the industrial section of dcvas-
tated France the reconstruction has
progressed to the point where the de-
stroyed industries are this wear en-
ploysng nearly 40 per cent Of the
number of employees of 1918. En-
rloyers speak of the Improvement in
the working spirit.
In Germany government finance is
in state of chaos, but from an in
dustrial and economic standpoint the
year has shown decided gains. There
is, splendid will to work among the
iaboring masses. The efficiency Of
ment. Industrial reorganization has
proceeded far, and output to-day is
limited only by coal and the amount of
raw materials available.
"American exporters are naturally
Interested in the safety of credits to
Europe. European bankers discourage
Ihe acceptance Of short-tern credits
because Of the great fluctuations in ex-
change. On the other hand, the feel
ing of confidence in the future is shown
by the Willingness Of bankers in many
countries to recommend three to five
year credits, and in some instances to
guarantee such credits. The coming
winter and spring are dreaded, and
clients are advised against making
commitments which would require dot
lar exchange within the next six
months.
"While the credit of many of the
countries of Continental Europe Is low.
nevertheless there are large industries,
and many Of them are prosperous and
constitute fairly good credit risks.
especially where responsible bankers
are willing to guarantee such credit. as
IS the case in many of the countries.
There is no reason why consignments
OF raw materials should not be sent to
Europe in limited amounts, the goods
to be sold from such consiynments for
cash. The development Of the consien
ment system would be a great help to
Europe at the present time and could
be carried on in most of the Cont
mental countries with a minimum Of
icly
New-York tribune., 1920-11-15
Belgium and Brazil Approve
$17,OOO,OOO Credit Accoun,

RIO DE JANE1RO, Nov. 14.-An
agreement between Belgium and Brazil
was signed yesterday under which
Brazil will open a credit of 100000
contos, or approximately $170OOOOO at
the present rate of exchange, for Bel
Gian purchases Of Brazilian products
AS the goods are acquired. a corrc-
spending credit will be opened a the
National Bank of Belgium in Brussels
Tor the Brazilian government to use
either in the purchase of Belgian goods
or the settlement of Brazilian debts.
Brs ilian ships will be given the
preference in the transportation Of
brazilian products and Belgian ships
IN the shipment of Belgian products.
New-York tribune., 1920-11-15

that the two railroad stocks are not
good stocks nor do we imply that divi-
dends will be reduced at present. We
do believe, however, that one is in a
better investment position when he
purchases issues which are so we'll Sc
cured, that they are not 50 sensitive
to earnings, etc. Both Bethlehem Steel
preferred and Virginia Carolina Chem
ical preferred are entitled to good rat
ings, in our opinion, as are Corn Prod
ucts per cent preferred, Pressed Steel
Car per cent preferred and Standard
Oil of New Jersey 7 per cent pre-
ferred.
New-York tribune., 1920-11-15
Chilean Senate Passes Loan
Bill TO Aid the RAILWAYS

SANTIAGO, Chile, Nov. 1.-the
Chilean Senate has passed a bill au
thorizing the President to contract
'oan on behalf of the state railways Of
7.775,000 pounds gold or it's equivalent.
The bill now goes to the Chamber of
Deputies.
The loan would be devoted to new
railway projects, including electrifca-
ION. and the purchase of new equip
'nent and also would cover the operat-
ing deficits Of 1918, 1919 and 1920
The deficits for 1918 and 1919 were ap-
nroXimatelY $4,000 900 pesos.
New-York tribune., 1920-11-15
Investor Doesn't Like Wildcats

Question-Will you be 50 good 10
give me your frank opinion on wise
investment Of $500? want to get more
chan bank per cent, but no wildcat stock
venture.-W. {.
Answer-W do you not purchase
three shares of Standard Oil per cent
preferred stock to cost about $315 and
two shares of United States Steel pei
cent preferred to cost about $212, or
total Of S527? Your income would be
$35 year. or about 6.65 per cent. Both
these stocks are high grade and enjoy
good active markets.
New-York tribune., 1920-11-15
Mississippi Power Contract

BOSTON. Nov. 13.-The Mississippi
River Power Company has concluded
twenty-year contrac. with the Central
Illinois Public Service Company for the
delivery of approximately 10000 horse
power, 5000 horsepower TO be taken
at once, 900 additional April l, 1921,
and the balance of 5000 to be taken
over period of five years The COM
pany is now delivering approximately
900 horsepower under firm con-
tracts, not including the new contract
for 10000 horsepower.
New-York tribune., 1920-11-15
S2.OOO.OOO;

$2,000,000; accounts payable, s13O.982,
laving a balance for surplus of $685.
CTS. This would give the stock book
value Of Ill per cent In your tigur-
in@ You forget that capital stock is
a liability.
New-York tribune., 1920-11-15
Investment
hformatio"

Questions Of general interest to In
oestors s0slt Do dnswcred in this COZ
In'n, IN 'ohich case only initials will
De used. Others wili BE- nnswered by
ma'f. AddTess al inquiries, incIes-
tng stamped, Addressed envelope, to
financial Editor, The Tribune, lSI
Ndssau Street. Nsto York Ctty.
New-York tribune., 1920-11-15
Victory Notes Offer Her Solution

Question Kindly INFORM where
could invest "a few hundred dollars at d
better interest than the per cent in my
bank. want il that ] could draw
the money out in three to four. years
tune. and only in American securities
-( Miss, NJ. L.
Answer-lf you desire to obtain a
high grade Investment to WELD more
than 4 per cent purchase Victory 4a4
ler cent bonds. They sell 10 yield 6
Ter cent to maturity in 1928, and your
funds would not only be safe, but your
principal would be payable in less than
three years. Any bank will help you
with the purchase.
Tide Water Oil Sensitive to Earnings
Question-Wili YOU kindly advise me if
the Tide Water Oil Company stock is a
good investment at s215 per share bearing
in mind the age Of the company and the
fact that it owns its production etc. p
J. j. E.
Answer Tide Water OIL Com
pany is a prosperous corporation, hav-
ing q long dividend record. But divi-
dends have been bv no means regular.
In 1915 8 per cent was paid. in 1916
10 per cent. in 1917 and 1913 10 per
cent, in 1919 is per cent. 1t may be
plainly seen. then, that IS the stock
is so sensitive to such earnings it
must be considered speculative.
New-York tribune., 1920-11-15
Crescent Pipe Lines Book Value

Question-The Crescent Pipe Line stock,
one of the Standard Oils. is quoted at s35
a share. AS ! understand it. the stock
is $50 par value and has issued 10000
shares, which at S35 share would be a
total valuation of $l.9s00 900. According
to the company's statement. issued about
year ago there one item of cash
which totaled a little over S2.60Oo00. or
25 per cent more than the present price
of the stock. to say nothing OF the value
of the pipe line itself Please explain this
"A. II. S.
Answer~-Thc balance sheet Of tn.
Crescent Pipe Line Company for 1918
showed total assets Of SO 400 $50 and
liabilities as follows: CAPITAL stock
The evening herald. (Klamath Falls, Or.) 1906-1942, 1920-04-01
Asleep at His Post.

was stationed. while in the army.
81 camp In Texas. and had beeE
working as a stenOgrapher IN the OF.
Ace of the execniive officer.
had been ont quite late in the
nigh: on the day previous and had heen
feeling quite sleepy while NJ work. So
! folded my arms on my machine. and
before long was fast asleep. | had
heen asleep about ten minutes when
the executive officer tapped me on the
shoulder and said: Don't you want
nne of these pillows. too?"
II seems woman who lived close
70 the camp had become acquainted
with the officer and had sent him IA
few pillows to he given our hv him,
and | was indeed glad to receive one
Of them. but was much embarrassed In
the way received it.-EXchange.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1920-04-01
NOTiIE OF FILING OF COMMITS
SIONFRS' REPORT FOR UPPER
VAN ERIMsER DRAINAGE DIS
IEIIT.

Notice ia hcrcby giycn to all per
sNnsI mtuUatod In tho land included
within TIE Upper Van Brimmor
Drainage District, klamath County,
Oregon, bounded and described rs
GullJ VS.
beginning Mt tho point where tho
Van Brimmor ditch intorsocts Lost
River In tho SWA OF Section 81,
Township 40 South. Range 10, East
OF Willamette Meridian: thence
southorly and along said Van Brim-
mer ditch to a point where said ditch
intersccts tho north limo OF Section
rs. said township and range: thence
east ore-fourth mile: thence south
one-half mile: thence west to Van
Brimmer ditch; thence southerly
and along said ditch to a point whore
said ditch intersects tho north and
south line between Sections 33 and
"a, said township and range; thence
north to east and west line through
the center of Section -, said town
ship and range: thence east one
fourth mile: thence south one-fourth
mile. thence east one-fourth mile.
thence south to township line be-
tween townships 40 and ~. south;
thence east to Lost River: thence
northerly and following said Lost
River to point Of beginning.
That the Commissioners hereto
fore appointed to assess benefits and
damages to tho property and lands
situate in said Drainage District and
to appraise the cash value OF the
lands necessary to be taken for
rishts-of-way, holding basins and
other works of said District. within
or without the limits of said Dis
trict. filed their report in this ofiice
on the 11th day OF March, 1920. and
you and each OF you are hereby
notified that you may examine said
report and nle exception to all or
any part thereof. on or before the
18th day Of April. 1920.
c. r. DE LAP.
County Clerk of Klamath
| (Seal.) County. Oregon.
BY Garret X. Van Ripper.
11-1S-26-1 Deputy.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1920-04-01

A Herald Want Ad will sell it.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1920-04-01
SUMMONS

In the Circuit Court OF the State OF
Oregon for klamath County.
Lexington Realty Company, a)
corporation, Plaintiff.
vS.
Sanford s. Halstead, and alD
other persons unknown, ~
any. having or claiming to)
have an interest in or to the)
real property hereinafter de-)
scribed. Defendants.
To Sanford S. Halstead. and all
other persons unknown. IL any, hav-
ing or claiming to have an interest In
or to the real property hereinafter
described.
In the name OF the State OF Ore
gon, you. and each OF you, are hereby
required to appear and answer the
complaint filed against you in the
above entitled suit, on or before the
expiration OF six (6) weeks from the
date of the first publication OF the
summons, and II you fail to so ap-
pear and answer or otherwise plead
within said time. the plaintiff will
apply to the Court for the relief
prayed for in the complaint. to-wit;
That the defendants and each Of
them be required to appear herein
and set forth their claim to the south
half of the southwest quarter OF
Section 33, Township 32, South Of
Range 71A, East of the willamette
Meridian, Klamath County, Oregon
and upon hearing, the plaintiff
herein be decreed to be the owner Of
said property in fee simple. free and
clear OF any claim or interest of said
defendants.
This summons is published by
order OF the Honorable ID. V. Kuy-
kendall, Judge OF the Circuit Court
OF the State of Oregon for klamath
County, and dated March 9th, 1920.
Date of first publication of this
summons is March 11th, 1920.
]. N. JOHNSTON,
Attorney for Plaintiff
Post Office address, Grants Pass,
Oregon.
11-18-25-1S-15-22
The evening herald. (Klamath Falls, Or.) 1906-1942, 1920-04-01
AFTER TWENTY-FIVE
YEARS OF SUFFERING

When we received the following
letter from Mrs. c. J. Hurd of Wit
ter Springs. California, we were rath-
er skeptical as to some of the state
ments II contains, so we had one OF
our men make personal call on
Mrs. Hurd and she verified every
statement. The letter follows:
For twenty-five years | suffered
with rheumatism. ! was never out of
pain and my limbs were so swollen
seemed deformed Could stand on
my feet for few minutes at time
and was almost hopeless cripple.
had given up all hope and life held
no pleasure for me. During all these
years | tried many remedies, spent
months at the hot springs and was
treated by physicians, but temporary
relief was all | received. | had little
faith in Anti-Uric at first. your
claims were so wild. and / seemed
to grow worse after using the first
outfit. But ! continued and the re-
suits were wonderful. The swelling
in my limbs disappeared, the pains
ceased. | can walk without a cane
and stormy weather and even expos
ure does not affect me in the least.
IL mas DeeH over year SiuCe stop-
ped taking Anti-Uric treatments and
| have had no trouble whatever. My
weight has increased from "a to 10
pounds, / eat whatever / please, and
owe alr my health and happiness to
Anti-Uric and do hope that those suf-
fering from rheumatism will not neg
lect this wonderful remedy for ]
know it cures"
This letter should prove to the
most skeptical that Anti-Uric Is the
master of rheumatism in all its
forms. No matter how long you have
suffered try Anti-Uric and IL it does
not give you relief your money will
be refunded. This is certainly fair
offer and shows we have faith In our
REMEDY. Get an outfit from sthe
SATR DRUG COMPANY today and
give Il q trial
The evening herald. (Klamath Falls, Or.) 1906-1942, 1920-04-01

Sister Frey who, il still living in
the Cistercian Abbey at viterbo, is a
great age, has, since 1861, when she
received an injury to her back, been
confined to such a position as to be
unable to move her head, yet she was
the recipient of daily visits from
mishops, and cardinals, and noble
ladies, whilst the Pontiff himself re-
GREETED his inability to visit her cell.
And why? Because of her wonderful
powers of clairvoyance. Two Of her
most amazing feats were the narra-
tion to the assembled sisters of the
assassination Of President Carnot and
of King Humbert, whilst those dread
full tragedies were actually taking
place. IT
The evening herald. (Klamath Falls, Or.) 1906-1942, 1920-04-01
NOTICE OF SALE OF REAL
PROPERTY by ADMINS
TRAITOR

In the County Court of the State OF
Oregon for klamath County.
In the matter of the Estate of
James H. McCann, deceased.
Notice is hereby given, that in
pursuance of an order of the County
Court of the State OF Oregon for
klamath County, made on the -8th
day Of March, 1920, in the matter of
the estate OF James II. McCann, de-
ceased, the undersigned, as admins
traitor of the estate of James II.
McCann, deceased. will sell at
private sale, to the highest bidder,
upon the terms and conditions here
matter mentioned, and subject to
confirmation by said County Court of
klamath County, Oregon, on or after
the 10th day of April, A. ID. 1920,
all the right, title, interest and estate
Of the said James II. McCann, de-
ceased, at the time of his death, In
and to the real property hereinafter
described.
The terms and conditions of said
sale are to be: all cash; or upon the
best terms Obtainable.
The real estate hereby advertised
TO be sold Is described as:
ihc HoTth nail OI Inc nOTtHeaSt
quarter of Section One, in Township
Forty-one, South OF Range Nine,
East of the Willamette Meridian,
situated In klamath County, Oregon,
All bids or offers must be In writ
ing, and may be delivered to or ad.
dressed TO this administrator, care
Of Ferguson, Fletcher e Mifflin, his
attorneys, LOOMS Building, klamath
Falls, Oregon.
Dated this 10th day of March,
1920.
EARL WHITLOCK,
Administrator of the Estate oil
James II. Mccain, Deceased.
Ferguson, Fletcher e Mifflin,
Attorneys for Administrator,
16 Loomis Building,
klamath Falls, Oregon.
11-1S-25-1-S
The evening herald. (Klamath Falls, Or.) 1906-1942, 1920-04-01
American women made their ad'

American women made their ad-
vent in practical politics in 1S4o,
when "Tippecanoe and Tyler too
were borne into power partly by the
songs OF the women. The Whig
meetings in that year were. for the
first time. attended by women, while
the Democratic meetings were COM
posed of men alone.