davidaulloa/AmericanStories huggingface dataset:
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04
THE GOOD SAMARITAN.

The dedication of the Salvation Army headquar
ters yesterday afternoon more than an event
of interest and Importance to the community-it
was g. step forward in the civic life.
For many years the Salvation Army has accom-
plished some wonderful work in Pensacola, and
throughout the world. Then the war. and it
became army militant:
The men and the women of the Salvation Army
Ihae record during the great which has
written the the heart of a naton-in
spite of the fact that it born in England. its
greatest work has been done in America. by Amer
leans and its message was taken to the warning
nations through the medium Of Salvation Army
huts supported almost entirely through the gen
crosby of America.
Before the war, in a measure the. work of the
Salvation Army restricted. But the war
brought the organization very close the hearts of
the American people. 1t taught many who had
looked upon the organization with more or less
Indifference, that it one of the tremendous
factors of the world; that it stood for cfecie~rv-
represented the most practical kind Of Christianity.
In some subtle way. change has colnc o>,. a.
Salvation Army in the last two years. And one
is almost encouraged to hope that it is not so
much change in the Army as in humanity.
Pensacola needs the Salvation Army. We need
just such home they have built here The
splendid drive that put over in Pensacola
made that home possible
1t was comparatively little than any per-
son gave in that drive. But what a tremendous
factor that little has already become under the adj
ministration Of these men and women; and how
much more it will become, as the work is directed
from headquarters which are such as to give Pen
sacola cause for pride in the work accomplished
through this agency.
The Salvation Army reaches people that the
church cannot reach. The Salvation Army is indeed
The Man By the Side of the Road."-the Good
samaritan, not the one who passes by the
other side 1t has stopped in the true Christ spirit
to comfort and to aid Never fanatical never re-
Wiling following in the footsteps of Him Who said
Let him who is without sin among you, cast the
first stone"
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04
Florida Press Opinion
The Times Union On the State Convention.

The announcement coming from Pensacola,
through that wonder woman, Mrs Lois K. Mayes,
who succeeded that remarkable newspaper man,
Frank Mayes, as publisher The Pensacola
Journal that the Florida Press Association IS TO
be given an example of true southern hospitality,
when it meets in that city this spring, will be re-
ceived with a great amount Of pleasure by the
members of the association throughout Florida.
Probably the most startling part of the an
nouncement is to the effect that the management
of the beautiful San Carlos has offered to place
the hotel at the disposal of the delegates free of
charge only asking that reservations for
be made in time they be held for their
use and convenience for the three days of the
yention.
Such action for hotel is almost unprecedented
and Col. Hervey is to be congratulated and COM
plimented for his generosity. 1t will be fully ap
precated, sure there is set of men
and apprecative of such courtes!es
the newspaper fraternity And they deserve it,
as they continually working for the building
up and betterment of the state and their efforts
have in great measure. created the opportunities
for the development Of many extensive enterprises,
including the big hotels of the state, which
reapng the benefits in most substantial manner.
Mrs Mayes heads the executive committee of
the press association and the plans it will make
at its meeting to be held in Jacksonville, February
A. for the convention will comprise many novel and
attractive features that should carry to Pensacola
the largest attendance in the history Of the organ
ization. The great majority of the members have
probably never seen Pensacola and this will give
them an opportunity to visit this beautiful city,
with its superb harbor, its great shpbuildng
plants the naval aeronautic training station and it's
many other features of interest that different
from most other points in the state.
In her characteristic Mrs. Mayes tells the
members of the association to buy a round trip
ticket to Pensacola and leave their pocketbooks at
hoy will no onto irod thu
for three days in the good old fashioned way, as
the guests of the city in very fact without expense
and with the graciousness that from the true
southerners.
The hard working editors of the state have
some thing to look forward to now. as this threeA
day vacation will be genuine treat to them They
will also be benefited by seeing a section of the
state that many of them have not had the oppor-
tunity to visit and this will broaden their views
and add to their stock Of information, which is
supposed to be ENTHUSIASTICALLY Times
Union
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04
DO FIGURES LIE?

Pensacola has never, in all it's history. been SO
sound financially, as it is today else the flnan-
cial statements which have been given out by
banking houses and business firms false.
Let US look at recent statement Of the federal
reserve district which showed bank clearings for
1920 to be nearly s2OOOoOOO-or, in exact figures.
stO771983O as against Ss4,454,644 in 1918. The
building operations for 1919 We're valued at $685.
925 against s3i5,639, or more than three times as
much 1918 These are figures to set us thinking,
The real estate assessment OF the county of Es-
Gambia. for 1919 is sio,133.33O personal property
So 83S: railroads, telegraph. telephone, etc. 81
i74 730 making a total Of Si5924,8 1898.
This is on a fifty per cent valuation. On one
hundred per cent valuation, the assessment would
be over S3f, 100000
The assets of the city s35465704i, with liabi-
lities of s1673ol953 leaving in the favor
of the city, OF s1.873,5209i.
The post-offce receipts for 1919 were s1i7,750Ss,
which ranks we'll with any city in the state. The
postal savings in Pensacola led the state. and accord
ing to advces received recently from Atlanta and
Jacksonville, We're in excess of those two cities
Realty values have been good and in
spite of the fact that real estate is bringing good
prices, there more real estate transfers in
the past two years than in all the history of Pen
sacola.
More money is being spent in Pensacola today
than ever before. The statement recently
made by of the Ready-to-Wear houses here
that there was small sale of the cheaper grade of
goods; that everybody wanted the best. And they
are paying for 1t.
Firm after firm in Pensacola last year shared
with its employees. profit-sharing basis. which a
few years ago would not have had any profits to
share.
Ask the bankers if business is good. Their state
ments made under oath prove that it is. Ask the
naval stores if business is good. and they will
tell you that it is.
Pensacola has never been so prosperous in all its
history. Else figures lie.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04
No Place For q Lady.

Chicago's board of aldermen was voted against
young women stenographers because as one mem
Der declared, council committee rom where
the aldermen meet informally to discuss civil
measures, is no place for lady"
UnWttingy, the city legislator has given the kew
to what is the matter with the administration in
a number Of American cities. Council and confer
ence rooms are made the battle ground for feud-
ism that often sinks to the basest levels of personal
recrlmnation In the heat of argument men other
wise peaceable, awabiding dgnified give way to
passion and violent talk. Truly the average coun-
Gil room from coast to coast is often mo place for
6, lady
What the Chicago aldermen have lost sight of is
that If their deliberations are no place for a
lady" they are no place for gentleman. There
IS no double STANDARD of decency. Undoubtedly
there are reasonable objections to the employment
or young women in certain occupations. but Off
Gals should blush for shame to admit that they do
not want to restrain their native peivige of MAX
ing fools and barbarians Of themselves.
The meetings of men in business councils are not
ordinarily such as a would find uncom-
1ortaDle The business of great city should COM
mand added dignity because Of the responsibility that
goes with office. The restraining and refining in
fuence of young American womanhood might have
prevented many disgraceful squabbIes in the ex-
perience OF the average Observation-Disclosures
Tribune.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

pective investor with a certain fixed
sum to invest desires to obtain
yield equivalent to a given sum an
nually. The question then arises as TO
what price he should pay for any
given bond in order to receive the de-
sired income. The proper price would
depend up the fixed interest rate of
the bond, the frequency of the inter-
est payments, and the date Of ma
turity. If he wanted a yield of $50
from each thousand dollars invested,
or five and one-half per cent, he
could obviously pay more than par for
six per cent bond, but less than par
for a five cent bond. BY consulting
the basis" tables and locating bonds
of the type in question, he would find,
beside the figure indicating the price
at which the bonds We're at present
being marketed, the yield which might
be expected.
The mathematical rule on which the
tables are constructed has been stated
as follows: divide the amount of the
debt Gncluding interest payable) by
81 plus the interest on 81 at the rate
of the desired yield from the date of
purchase to maturity; the result will
be the present value. This rule is
called the rule for true discount"
and the method of charging it off is
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

called amortization.
Amortization of the premium paid
for a bond, well as computing the
yield of a bond bought at a discount
is n somewhat complex process, be-
cause of the various factors involved.
These are:
(a) the purchase price of the bond,
OBJ the nominal interest rate, named
in the bond,
(c) the number of interest pay
ments in a year,
(d) the number of years to ma
turity.
All these factors have been taken
into consideration in the preparation
of amortization and basis" tables.
which thus show the net yield on the
sum invested, or the basis" and the
proper rate of amortiza ton. Banks
which sell bonds and all bond houses
possess such tables, usually in book
form, so that they are Immediately
able to tell their customers the yield
on any proposed investment II, for
example. $1,000 five per cent bond
with semi annual interest payments,
and due to mtaure in six years, were
at s1O52SS the table would show that
the net WELD from such an invest
ment would be just four per cent.
It frequently happens that pros
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04
A. B. c. OF Finance

An investor seeking place for
surplus funds will, if he is wise con-
slider first the element of safety. The
second factor is yield, that is the rate
of interest he will receive annually on
the sum of his investment. In normal
times it is probably true that greatly
increased yield comes only at a sac
rifice of safety. Allowance must be
made for market conditions, and pre-
valent estimates of future movements.
First-class securities, however, tend to
find their own level; in other words, if
the prevailing interest rate is five per
cent most standard issues can be
bought at a price to yield that return
to maturity. Investments which prom
Use more than standard issues can be
bought ia price to yield that return
to maturity Investments which prom
Use more than the market yield would
ordinarily be subjected to a closer
scrutiny before their purchase was de-
cided upon.
When bonds are selling at par, the
matter of computing their interest is
simple. A $1,000, five per cent bond,
selling on an interest date for 81 900
will yield five per cent. When bonds
are sold between interest dates, it is
the custom to sell them at the quoted
price plus accrued interest from the
last interest date.
When a bond is selling below par,
the yield is greater than the interest
rate because two factors are helping
to bring about that result. If a $1,000
five per cent bond is sold at $780, the
current yield is obviously more than
five per cent. It is indeed the per-
centage which $50 is of $3.50 or about
= T..
for if the investor hold the bond until
ma turity, he receives then, not the $3.50
he paid for it, but $1,000. IF the ma
turity date were five or ten or twenty
years ahead, then this fifty dollars
would obviously have to be spread
over that period. the additional yield
being less, the longer the period of
waiting.
1t is obvious, too, that when a bond
is selling above par, the yield will be
less than the interest rate If a $1,000
five per cent bond is sold for $1,000,
it is clear that the investor viii get
less than the state five per cent. He
will receive but $50 annually for his
investment of $1,000. and the current
yield will be expressed by the figure
which expresses the percentage which
$50 is of $1,000, or about 4,T61 per cent.
| IL he holds the bond to maturity. his
yield will be even less because in place
of the $1,000 invested he would re-
ceive but $1,000, and this loss of $50
must be charged off against the cur
rent yield, just as the gain of $50 in
the former case was added to the cur
| rent yield. The more distant the ma
| turity, the less the amount which mus
! be charged off,, and the greater the
annual yield. The recognition of The
premium over par as factor in yield
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04
Wonder Who Those Candidates Are.
The Platform Is Gettin1 Wohh,y

David b. Hill, once exclaimed, Il a democrat"
May We likewise exclaim, with the addition Il am
Florida democratr That's why we believe in
Tree and unlimited coinage of silver at ratio of
sixteen to one. without reference to any other
tlon That's what democratic platform calls
for The battle cry for free silver may have gone
out of date but that still in our platform adopt
ed at Jacksonville when w. S Jennings was nom
mated for governor. We have never changed it
since. We have never had convention since. The
old platform has become worm eaten and decayed
ana rotten So much So that Cary Hardee and Van
oWearlnSen and John Watson and all the balance
OF them nave had to construct some platforms of
their own. The old state democratic platform is
too wobbly to hold new conditions There isn't
anybody on it now but us" We are still in favor
of free things. Maybe, some day. we will have
a conventOn.-Ganesville Sun
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04
WHAT HAPPENED FEBRUARY 4.

1915-New German decree declares
waters about British Isles a war zone
on and after February is; neutral
vessels warned; every enemy mer-
chairman in proclaimed area to be
destroyed; may sacrifice passengers
lives-Russians take Tarnow from
Austrians; press on toward Dukla
Pass in the Carpathians.
1916-Amb assador Bernstorff deliv-
ers new Lusitania note; Berlin will
never admit sinking was illegal; decis-
ion rests with the president.
1917-Gerrnan sailors ordered to stay
aboard their ships; cannot leave be-
fore immigration inspection is had
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

Apartment houses that are as model and up-to-
date as any in the country are being erected in
different cities of the Southeast In no depart-
ments of architecture and construction has there
been any greater advance in recent years than per-
tanning to the erection of buildings of this char
acter.
Miami, Fla. is of the cities in the Southeast
in which there has been great activity in the cree
ton OF high-class apartment houses. One of these
fve-story structure The Fairfax is thus described
by the Miami Metropolis
Fairfax is to be made by Raston Bros to stand
for the finest in apartment accommodations which
modern building ingenuity and artistic ideas can
provide. The leasee of en- apartment in this
building finds that he is provided with gas with
water, With light with ice with pure drinking
water With telephone having city connections
win daily maid service, with high-grade elevator
service, with extra trunk room space etc.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

with Germany; Berlin is reticent-Ex-
President Taft advocates CONSUMPTION
law.
191S-German strike broken by army
Senator Hitchcock advocates war
cabinet-American troops occupy Toul
sector-French court martial begins
trial of Bolo Pasha for treason,
1919-German cabinet takes up resi-
dence at Weimar for convention-Great
and small powers at loggerheads on
league of nations executive and tribu-
nal; dominance of great nations
executive and tribunal; dominance Of
great nations feared.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

The miners say that it takes two hundred dol
lars month to keep up a family, these days And
the Times-Unon asks: How about those thou-
sands of office men who only get 500 to s,5o
per month, and have families to keep up?" And
how about the school teachers, who have to teach
the miners children?
The Pensacola Journal is the boss optimist
1t says Pensacola has won its fight for the
centennial p. S-The supreme court abol-
ished the commission.-Tampa Tribune
But it did not abolish tie legislature and The
legislature of Florida has twice designated Pensa-
cola as the centennial city
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04
How to Get Rid of EN-.

Divorces are getting entirely too in
Florida. Divorce records are taking up half the
space OF Florida court proceedings The divorces
are meat for lawyers and LAWYERS alone Florida
should either repeal her obnoxious divorce laws, or
provide some method by which a divorce coupon
IS issued with each marriage license and the only
thing necessary for the securing of divorce
would be for both parties to sign the coupon and
Tile 1T With justice of the peace mayor con-
Stable We could then dispense with half the
Florida judges and four-fifths of tie lawyers. and
YET them all engage in some useful &c curetion.-
neI.and Navs
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

It is said that Hoke Smith stated on the
floor OF the house that the reason that the Central
of Georgia did not come into Pensacola. was because
there were certain private interests which thought
moro of personal gain than public veal We do
not know how true the first part of this story is,
but we DO know that kind stu exist in Pensacola.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04
| V I F. w S O F
| J O u RN A L
r E. A D E r S
The Journal is glad to print
short communica tons from read
ers on any topic of interest.
Letters should be tyoewritten if
possible, and double spaced.
JAM ES w. FOLEY.

Editor Journal: In the Journal of
Feb. of James w. Foleys poems en-
titled Someone Like You was print
ed and signed by Fred C. Humphreys.
wish to call your attention to the
omission Of Mr.. Foley's name from
the credit line.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

People going into the Sunshine City in droves.
according to advlces from st. Petersburg. And, so
far as The Journal knows. the St Petersburg
Chamber of Commerce is the only in the state
that has a paid publicity agent. who is putting
Ct Petersburg on the map of the United States in
large letters.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

What is the difference between scrap and
scrap of paper, anyhow? Just a difference of
opinion.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

Some people think scrap of paper, such as q
ballot for instance, is always for a
scrap.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

The Chattanooga News declares that Florida
hasn't as many mosquitoes as it could support" 1t
has quite enough prorated, to go round.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

Knock and the world knocks with you; boost.
and you get somewhere.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

Some people talk we'll their feet-and other
people just stand flat-footed nthem-the people
not the feet
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

p We ought to have some seven-league boots, and
then we could step the next years.,
without any trouble
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

That is what meetings are for-to discuss mat
tiers, calmly and clearly.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

What has become of the o. f. girl who was
proud OF being able to clean lamp chimney nicely?
IT L. philosopher. And what have become of the
lamp chmneys?
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

If they would enforce taxation without discrim-
inaton, maybe we would not need so much mage.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

Anyhow, it does you good to get it out of your
system.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

There is difference in making a face and max
ing up a face.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

There must be a lot of Irishmen in that Cham
Der of Commerce
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

Let em scrap. It's better to get it out Of the
system. If it strikes in it might hurt.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

One of the fighting faction at the Chamber Of
Commerce meeting got off good He said:
I'VE understood that the hesitation had gone out
of fashion, and that popular dance did not
hesitate for seven years"
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

Get out of the road. You are blocking traffic.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

No one can claim any longer that we do not all
pay taxes. We do. Everyone of who has no
real estate pays personal tax, if he earns
over $1,000. So what is the difference. Which
would you rather do? Be taxed for your own
county, or be taxed for the government at Iargeo
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

Admiral knight makes it clear that he wouldn't
have voted for any medal for Captain Lawrence
of the famous Chesapeake because he lost his ship"
Chattanooga News. Everybody Knows Captain
Lawrence, but who is Admiral Knight" -Tmes-
Union. Don't be so severe. You might offend Ad-
miral Sims.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

After all. Might as we'll call it draw.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

Why vote? Don't all speak at once.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-04

-.
Pensacola Florida.
washington Bureau: Geo n Manning. Manager
CONE. LoRENzEN & wooDMAN.
New York chicego De-roit: Kansas CITY A1@n5e
Advertising Mgr. 4s = Managing Editor SO
Pres and Mgr. 1900 Society Editor ss
o1t.ce: journal BOG Col anu
we Ds''s''
WHY. votao Don,t al sneak at once.
WHY '0'''
After all Might as well cal II Draw
Get out OF the road. You are docking ualllo'
Anyhow it does you good to get 1t out OF your
system.
ing up face.
There must be lot Of Irishmen in that Cham
That is what meetings are for-to discuss mat
tors calmly, and clearly
Gnu -L-,',ll-1
anu YOU S''
they "ouu enforce lsA"'iol "i''iouS isl I'M
mauon' maybe we "oulu HO' nee" 81 illu'ii io0
Let 'em scrap. It's better to get it out of the
system. If it strikes in it might hurt
Some people think scrap of paper, such as
ballot for instance is always an excuse for a
scrap.
What Is the difference between a scrap and
sc-or og manor anvbovv9 Inst q difference of
oninfon
Como naomi, ton, ,,-eu on THAR faet-and other
- 49, 800 s,t sootad - nthor, tho roonIe
80 a. 60
we ought - nave 'oiH' seven '"ouo LUIS Gnu
then we co"io S'ep o'o' t"0 H'N' ''''H '''''
"l'hou' any trouble
The Chattanooga News declares that Florida
hasn't as many mosquitoes as IL couiu support II
"Nhat mas become OF the o. L 8lrl WHO was
PROUD OF Delhg aDle 10 cream lamp CHIMNEY nio7lS
= Z philosopher Anu "L'' h@'e peconie Vi INC
lamp chlHheES!
one OF the lshtlhs lacIloh at rle ohaInDer OF