davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-09-12
Inquiries About Defaulted Bonds

Question-Please give mo your opinion
epon inc prospect OF the Missouri Kansas
@ cNas extension railroad resulning unv-
ntcnt H OF interest on its bonds. Also of tho
blrnl'ngham & Southeastern resuminy nav
!iable to pay the back and unpaid interest .
~ ~ 'ne ponds secured by any road other
.hah thclr Swn"-Mrs. X. II. S. w.
,Answer--Cntil the reorganization
plans of the two roads mentioned arc
iorthcoming we cannot attempt to say
what the outcome will be. Tho Nis,
souri,, Kansas & Texas extension mort
gage is not good one, and in all prob
ability the holders will be given other
securities in reorganization. The Bir-
mlngham & Southeastern is a small
road which needs new funds. Until the
investment market is better it is not
lkciy that any step will be taken to-
ward reorganization. Neither is Sc.
cured by any other than its own mort
gage.
New-York tribune., 1920-09-12
American International Speculative

Oucstion---Plrasn tell me your opinion OF
I he following stocks when ] ann thinking
uf buying tyr invrstmcnt: Fly" shares
Guaranty Trust Company. New York; ten
shares bond and Mortgage Company. New
York, ten shares American Telephone and
Company. ten shares "A Anerica',
ten Title Guarantee ana
Trust Company, New YORK. ten shares
Standard OIL OF New JcrscE first pre-
trrrcd. am desrous of buyinH stocks
that will provid" u steady income "!'h"ut
fear OF unSsing dividrnus.--L. &. IL.
Answer All the stocks you mention
with the exception Of American Inter
national arc entitled to good ratings.
This issue is speculative. We do not
advise it's purchase for investment.
New-York tribune., 1920-09-12
Acme Coal Speculative

QuestiOn-Plcas" toll me what YOU can
about Acme Coal stock. now selling on tho
curb. 1T is supposed to have paid 40 per
cent dividend on its COMMONLY \. NJ.
Answcr--The Acme Coal Mining
Company paid is initial dividend of 5
per cent last May and second of 10
per cent August .. making total 40
far Of Is per cent, according 70 our
records. The company operates prop
critics in Pennsylvania. The stock is
speculative. We have not seen any
financial statement.
New-York tribune., 1920-09-12
High Yield Bonds Not Gilt Edged

tlu"stion--Kindly give your advice as to
III" purchase OF tn" following bonds: st.
Paul dcbenture 4s, 1884; Norfolk Southern
board rcfunding Is. 80; Southern Railway
general As, 56.-T l.. f.
Answer'None Of these issues is high
grade, but all arc fairly we'll secured.
with the exception Of the SeaboardN Air
Line per cent. which are more or less
speculative. The yields on these bonds
arc high and you cannot therefore cx-
pcct to obtain gilt-edged securities.
New-York tribune., 1920-09-12
Investment Information

Questions Of general interest Go
smveseors soill be\ anssoered In this
column, TN suhick case only anitiols
sosU DO used. Others wlt DO an
stoered by Nsai:. Address oil IN.
qsasries. tmc!osimg O stamped, al.
dressed envelope. to Financial Edieer.
The Tribune. 1sA Nassaw Street, Nsss
York Ciey.
New-York tribune., 1920-09-12
Manhattan "L" Bonds Attractive

Question--Will YOU advise me through
your columns az to the value OF Manhat-
tan Elevated Consolidated A; also their
due date? would not expect to place
more than 10 per cent OF my capital in
them. What would be their yield =?
w. B. r.
Answer-The Manhattan Railway has
not vet issued it's reDort for tho wear
ended June 20. 1920. We regard Man
haitian 4 uer cent bonds due 1890 as
Verv attractive issue at present. nriceSH
New-York tribune., 1920-09-12

Many of the roads are al
ready displaying the benefits
derived from tf7e increased
passenger and freight rates
and, with conditions through
out the country assuming a
normal basis, the resultant
earnings to the carriers, from
increased business, should be
large.
Only a few years ago more
than sixty per cent. Of trad
ing in stocks was in railroad
securities and the revival of
interest in such shares 10 now
OF a broad character.
For the information of those
interested in the railroad sit
uation we have had prepared
comprehensive graphic Civ
ing the composite range of
New-York tribune., 1920-09-12
Good List for a Widow

Qucstion--A widow has $4,000 to invest
The end OF this month. Shc wants Safctv
and az high II yield as possible, and sala-
hl'. securities. Tho list Of bonds is as
follows: American Smelling and Refining
. per cent Pacific Gas and Electric :, prr
cent. Indiana steel per cont New Ynri;
Telephone and Telegraph A.. per cent .
OF pr"f"rrch stocks. Standard Oil America n
l'ocomotive, National Lead. American SUI
ar. United Stnt"s steel, National Bscu,,
Company. and Pullman Chr common II
You fhv" Il hirrrsiiIru list which is safe
ana sound and should yield n higher rate.
OF interest than the above kindly let mo
krow. She also owns some st. Louis &
san Francisco ltailrond scrics A per cent
adjustment 4 per cent and income : per
cent bonds What is your opinion OF them?
A. S.
Answer-~All the securities YOU mcn
ton are entitled to good ratings ut the
present time. They arc seasoned and
enjoy good markets. We see no reason
why they should not be purchased for
the purpose you state. The st. Louis
e. San Francisco issues are entitled to
very good ratings. The prior lien i per
cent are fairly we'll secured. while the
adjustment per cent and the income
6 per cent particularly arc more spccu-
lativc. The yields are attractive on the
latter two. however, and if too large
q proportion of the total principal
amount is not invested in these issues
we see no reason for disposing of them.
New-York tribune., 1920-09-12
Preferred Stocks Pie3dinR 7P. C.

t1uestion--I desire to invest In bonds or
preferred stocks from, which I will secure
current return Of 7 per cent. Would
mature in less than fifteen or twenty
years.--G. w NJ.
Answer--There are several we'll se-
cured issues Of preferred stocks which
yield about per cent. Earnings in
each case are ample to pay the divi-
dend several times over. Among them
are Corn Products Refining per cent
preferred, Pressed Steel Car 7 per cent
preferred, Virginia. Carolina. Chemical
3 per cent preferred, United States
II Kuooer per cent preferred, American
Tobacco per cent preferred
New-York tribune., 1920-09-12
Seeks Best of Foreign Bonds

Question: am dcsirous of knowing
whether you consider Japanese Az per
terest and principal payable in New York.
at s4*7 on the pound sterling (at present
ns, prics they net about b. ~ per cent?. sound
capital would you advise investing. Arc
there any other foreign loans except Ca
American gold coin? What Canadian
bonds do you consider best for the Amer
k lean inyes,or? Are both these foreign
Also kindly advise me az TO the Cont
mental Guaranty Corporation collateral
trust notes as an investment Are for
eisn bonds as safo domestic securi-
ties? A. j. r.
Answer-Before investing in foreign
bonds we should consider the possibili-
ties Of political changes which might
have an adverse effect upon the out
standing issues. In some countries
this possibility is greater than in
others. We know Of no present reason
why Japanese bonds are not safe. They
are secured by the government tobacco
monopoly. We do not advise more than
per cent Of ones capital to be in
vested, however. Other foreign loans
besides certain Canadian issucs pay
able in New York in gold arc City Of
Paris d per cent, 1921. United King.
dom 5h per cent, 1887, are payable in
New York, but not necessarily in gold
coin. We regard these bonds as safe.
We prefer the external Canadian loans
to the internal issues. Those matur-
ing 1896 and 1891 listed on the New
York Stock Exchange are good issues,
If We were investing funds for trust
purposes we should err on the safe
side in all instances and invest in the
best possible securities, Liberty bonds
preferably. The Contincnta! Guaranty
Corporation collateral notes are en-
titled TO goo1 rating.
American Bank Note Preferred
Qurstion-~ What Information cnn YOU give
mr. regards the American Bank Note Com
panY preferred A,oek? ls this a good In
ycstmebt?---J. j. II.
Answcr~Thc American Bank Note
Company, organized in 1906, is an out
come Of three companies consolidated
in 1873. For the last ten years the
average earnings OF the preferred
stock, which pays So year, par $50,
were at the annual rate of 1929 per
cent, or $81b % share. For the year
1919 there WAS earned On the pre-
ferred stock the equivalent Of 1887
per cent, or about S14.60 a share. We
regard the stock as good investment.
Dividends of per cent, OK - "a share,
are paid on the common stock. The
company has no funded debA.
New-York tribune., 1920-09-12
Two Bonds of Fair Rating

Qurst!on-Would appreciate your advice
on the following securities which my broker
advises me to buy: One thousand shares
Steel and Tube Company Of America at Ss.
1000 ,sl; shares Ss% Ss York. York Ontario West
Am not looking for any large yield. but
want 70 he safe with principal and inter-
eSt-H
New-York tribune., 1920-09-12
Mining

1900 Alasii- Br NJ "a ~
400 sam Mines. / x
100 sAm Tin & T Il II n }s
$500 e@Atlanta 49,. IL Ia IN liz
16So eTBel u "a pt 6is
$500 "4bel Ex Ga p 10 10 8 Sh'
loo Big Ledge... u "a u y
a.oo "fI'ooth ...... 8 4A[6
@oe9o Bost e. Mont. Sc 81 sc 81
100 'rCaledonia 10 Il 10 90
72oo0 seal & Jer... II ,s IL II
500 "Candeiaria S. = y = s.
$500 'TCashboy SL
ITO Con Nir Silv.. az a. 4s&
"fho sFortez silver Gl 63 81 s.
$500 Darwin Silv... ga 29s 2ie 90.
$500 Div Ext tpros) 80 81 90 80
New-York tribune., 1920-09-12
Whv AtchisOn bonds Are Slammed

Question: have just received from a
broker confirmation of sale to me Of
an Atchison adjustment stamped.
In the bond reports the stamped bond is
quoted higher than the other. Will you
having tho stamped bond? DO You re-.
gard the Philadelphia Electric 81 due aG5,
as a high grade bonu?-W. Men.
Answer Interest on the Atchison adj
p,s p1nstment men bonds is navablee, annually
the, company the bond NAV be slammed
calling for interest semi ANNUALLY. We
regard. Philadelphia Electric ner cent
as hiph GRADE bond
New-York tribune., 1920-09-12
Z
Basic Strength of
Railroad Securities

THE railroads represent the arteries of the cou.
try and their prosperity depends great extent
t5e welfare Of industrial and commercial enterprises
Operating under the Transportation Act the railroads
are rapidly being ressoed that efficiency and
revival of earning power which marked their activities prior
to the war. F
New-York tribune., 1920-09-12
Would Speculate, but Is Not Able

Question: can see the chance of max
ing good money out OF buying sterling at
present prices. but am not financially able
to take advantage of the market. is
there any way I could buy 1000 pounds
sterling for delivery some time within one
year. but buy at the present prices, and
pay IT weekly or monthly or every three
photograph instalnent notes as we are
carving about $40, 900 of these and they
are paying US 81 to IS weekly. maturing
from three to fifteen months from date
Could we deal the same way in Italian
money u. G..
Answer--If you are not financially
able, do not try to speculate in foreign
exchange or anything else. H-xou hy-
pothecated your instalment accounts
and your exchange operations showed
a loss and wiped out your equity, how
would You be able to stay in business?
How much credit would a phonograph
give you if he knew you
were gambling in foreign exchange?
New-York tribune., 1920-09-12

SeNeke-gS9nde--Gsre
Phiia. Stock Exchange
,v Pitts. Stock Exchange
-aeiipeFs Chicago Boa rd OF Trade
IN. Y. Produce Exchange
az New ST., New York.
Telephone Bread e14e.
Fifth Avenue Ofzica
500 Fifth Ave. Tci. Vanderbilt s553
Harlem Office
81 w. 125th st. Tel. Harlem 5SS1
Philadelphia, lass Walnut ST.
Pittsburgh, Arrote Building
Cleveland. 423 Euclid Ave.
Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1920-01-15

ings including the Mead building. the
farm. embracing $50 acres of land, with
100 head of cattle.
His philanthropies were many They
included the Mead chapel given to Mid
dlebury College in June. 1916 which is
valued at $4,000. and is equipped with the
finest organ and chimes in the State. A
few years ago he purchased the property
at the corner of Center and Court streets.
made many improvements and alterations
and gave it to the Congregational society
to fill the long-felt want of a community
house. He was active in all of the war
fund campaigns and large contributor
to each.
At the time of his death Ex-Governor
Mead was president of the Baxter Ma
tional bank: president of the Rutland
Manufacturing company; president and
chairman of the board of directors of the
Howe Scale company of Vermont and
the Howe Scale companies of New Yori,
and Illinois; director in the Trap Rock
corporation of New York; trustee OF
Middleb bury College; deacon in the Con-
gregational Church: vice. president of the
Congregational club of western Vermont:
member of Roberts Post, G. A. r. Chav-
ing served as stan officer for Generals
Alger Veazey and Gilman during the
term Of each as commander-in-chief OF
the order); member of the Sons Of the
American Revolution; member of Yer
mont Lodge. No. l, member of Rutland
Lodge, No. ~, F. and A. NJ. member OF
the Mystic Shrine and a charter member
Of Rutland Valley Grange.
Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1920-01-15
BERGER IS AGAIN
REFUSED A SEAT
Illinois Socialist Denied Admis-
sion to National House
Vote Is 1928 to 6

Washington, Jan. 11.-Victor i. Berger
of Milwaukee,, reelected to Congress on
the socialist ticket from the fifth Wiscon-
sin district, was Saturday, for the second
time within two months. refused seat
in the House of Representatives. The vote
was 1913 to 6, taken after Representative
James Il. Mann of Illinois. formerly re-
publican leader of the House. and sup
!porter of the McLemore resolution, had
led fight in Berger's behalf Those
voting in the negative were Representa-
tives Mann and Voigt of Wisconsin, the
latter the only member of the House who
had voted for Berger, when he was first
refused a seat, and Harold of oklahoma,
republicans. and Sssion Of Mississippi,
Sherwood of Ohio. and Griffin OF New
YORK, democrats. Representative SABBATH
OF Illinois, democrat, voted present"
The issue came before the House upon
"a resolution offered by Representative
Dallinger of Massachusetts, who cited
that "Victor l.. Berger is hereby de-
clared not entitled to seat in the Sixty
sixth Congress as a representative from
the fifth Wisconsin district and the House
des'ines to permit him to take the oath
and qualify as n representative.
Convicted under the espionage act and
sentenced to 20 years Imprisonment,
Mr.. Berger presented to-day the creden-
tials of his reelection last month. When
the House assembled MIR. Berger walked
down the aisle from the cloakroom and
seated himself in the second row, inn
mediately under the speakers rostrum,
on the republican side. He appeared to
be very nervous during the one-hour de-
, bate In which he was denounced as a
traitor and friend of Germany" He
chewed his grey mustache and moved
uneasily. But when a Wisconsin mem
Der said that he had not recanted his dis
loyal doctrines but continued preaching
them, Mr.. Berger was noticed to nod ap-
prevail.
BERGER SAYS HE WILL RUN AGAIN
Following the action of the House. Mr..
Berger gave out a statement in which
he announced that he would again seek
reelection, and that "he held the same
position that he did during the war
opposition to war and recruiting. which
brought about his conviction under the
espionage act.
Anticipating disorder special officers
were stationed in the galleries, but while
there was intense feeling against some
of the utterances made in behalf of Mr..
Berger. tho only disapproval came from
the House itself which Kissed one or
two points and demanded that the vote
be taken after half of the one hour ap-
portioned to debate had been consumed.
As the champion of Mr.. Berger, the
former republican leader of the House,
Mr.. Mann, opposed the resolution. which
was supported by Mr. Mondell. the pres
ent leader of the House and the other
responsible House leaders
Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1920-01-15
NO COMPROMISE
NOW, SAYS LODGE
Declares Presidents Jackson
Day Declaration Makes I'M
possible the Hope of Senate
Unity on Peace Treaty
ISSUE IS CLEARLY DRAWN
senator Addn That Further Delay Is
Probable ANA Forecasts nm Appeal to
the rubI,c, Which Course Tie VIII
Cordially Welcome

Washington. jan S.--Senator Lodge OF
Massachusetts, tho republican leader de-
olnn.d in statement tonight that he
feared President Wilson'S Jackson day
message had made impossible the hope
| that IL, the Senate we might have come
together and ratified the treaty strength
encd by the principles SGT forth In the
II reservations"
THE Prcsiden. has made his position
very plain" said the senator. "IIe reiec.9
absolutely the reservations adopted by Il
decisive majority Of the Senate. he says
we must teke the treaty without any
change which alters its meaning or leave
II. ffo Will permit interpretations, what
ever that may moan, expressing It's un~
doubted meaning when there is hardly
line of 1T which has not been questioned
and given many meanings. This permits
s.oE Is valueloss. lie stands rs he has
always stood, for the treaty just as it is.
THE Issue is clearly drawn. The reser-
vations intended solely to protect the
United States in its sovereignty and in
dependence are discarded by the Pres-
dent. The President places himself square
ly In behalf of internationalism against
Americanism.
y had hoped that in the Senate we
might have come together and ratified
the treaty protected by the principles set
forth in the fourteen reservations The
President. | fear, has made this hope i'm
possible. II 1t is impossible, then we must
bear the delay inseparable from the Pres
idents attitude and appeal to the peo-
pie. which | for one shall most cordially
welcome"
Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1920-01-15
YOUNG WIFE INVOLVED
IN PECULIAR MURDER
Accused OF Killing Former Lover While
Husband Looks on

Rochester. N Y. Jan. 1l.-Charged
with murder in the first degree for the
alleged Staying of Edward Kneip.
whose dead body was found Thursday
beneath a culvert on the Mosquito road
south of this city. James L. Odel, 81.
and his 1S-year-old wife were brought
before Judge Willis X. Gillette in coun
ty court saturday. Both waived
examination and were held for the
grand jury.
Confessions which the sheriff and dis
trict attorney say were made to them by
last night and early this morning by
Odell and his wife reveal a crime which
county officials say is without parallel in
the criminal history of Monroe county.
Kneip, according to the confession was
arrested at the factory where he worked
by Odell. who posed as an officer, and
with Mrs. Odell taken in taNicab to
the Mosquito road. There tied to a tree
he was beaten by Mrs, Odell with heavy
iron file until he became unconscious. Re-
leasing the body, the Odells started away
but came back to get a letter in Kneips
pocket. Odel says, according to the
county authorities, that Kneip struck At
him but was feled by a blow on the
head from Mrs. Odell. She then, accord
ing to the story told the sheriff and dis
trict attorney. took "A knife from Kneips
pocket and slashed him several times
across the stomach
Neither, according to the sheriff in
whose custody they are has expressed
the slightest remorse for the deed Mrs
Odell, according to the sheriff has de-
clared that Kneip promised to marry
her and then tried to ruin her future
happiness. Odell is anxious il is said
to shoulder the whole blame for the
affair
Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1920-01-15
NEWBERRYS TRIAL
TO START JAN. q
Indictments Against Michigan
Senator and 1874 Others Are
Held to Be Legal

Grand Rapids Mich, Jan. l2-The au-
thority of Congress to regulate not only
the election of its members but their
nomination well was upheld by Federal
Judge G. w Sessions here to-day in dis
missing general demurrer to indict-
ments against Truman IL. Newbury.
United States senator from Michigan and
1874 others charged with violation of the
election laws. AS a result of the decision,
the trial will commence as scheduled on
January %
The Indictment charged that between
SJ0O0GO and $l.000,On0 were expended on
behalf of Senator Newberry during the
1918 campaign
If Congress is impotent to prevent lavish
expenditure of money in gaining the nom
ination and election to a seat in that
body Judge Sessions asserted then
money rather than fitness becomes the
controlling political force and the very
life of the nation is endangered" A seat
in Congress obtained by that method the
court held is none the less purchased than
if the money had been paid directly to
the voters.
IF such conditions are to be endured
the judge continued. the hopes and
aspirations of every man for political
preferment must he measured by the size
of his pocketbook
Replying to the argument that what
ever may be the right of Congress to con-
troll elections ii canno; regulate State
primaries. Judge Sessions said:
Ut cannot be ignored that in ma
jority Of States under normal conditions
the nomination for the office of United
States senator by the dominant party is
in fact the election and that the sub
seQuent ratification at the polls is little
IL any more than a formality"
Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1920-01-15
JERSE ! L|QU 0 R
MEN TURNED DOWN
Denied Permission to Start Pro-
ceedings in Supreme Court
in Test Case

washington. Jan. 12.-Steps to
bring test proceedings for determine
ton OF the constitutionallty OF the pro-
hibitlon amendment to the federal con-
stitution received a set back to-day
when the Supreme court denied for
lack of jurisdiction motions filed on
behalf of the Retail Liquor Dealers
Association of New Jersey seeking per-
MISSION to institute an original suit
for that purpose.
The denial however does not tornin-
ate the efforts to expedite determina-
tion of the question for motions filed
BY the state of Rhode Island asking
similar permission were argued to-day
ana remain to be acted upon AS tho
FEDERAL amendment becomes effective
Friday. action on the Rhode Island mo-
ton within the next few days is anti
cipated.
The order denying permission to bring
the New Jersey suit was made orally bv
Chief Justice White. who held the mo-
ton to file the case rested upon a plain
disregard of two principles of Jurisdiction
that has been settled from the begin
nlng. one, he said, was that a citizen
of a State could not bring suit against the
State without it's consent while the other
was that the federal constitution does
NV ''ta'' Jul 'SulStlOl nut only dDDOr-
tions It and accordingly under the con-
stitution, the Supreme Court had no iuris-
dictlon in such case as that from New
Jersey. This attitude of the court i'm
, general upheld the contentious of So
licitor-General King and New Jersey au-
thorities in their arguments made Jam
| uary 5.
In attacking the consttutionalty Of
the amendment to-day Acknowledgement
Herbert A. Rice of Rhode Island oues-
toned the validity of its ratifcatio "a
well as of the passage of the resolution.
by Congress and asserted the amendment
was an interference with State police
powers and was "usurpatory, unconsti-
tutonal and void"
In a brief filed with the court the
Rhode Island attorney general further
argued that enforcement of national
prohibition would affect iniuriously the
| rights of Rhode Island and that because
! the defendants named in the case are
outside the boundaries of that State, the
! Supreme Court was proper tribunal in
which to bring the suit.
These contentious were denied by the
| government which asserted that the
| questions involved were political and that
the court was without jurisdiction to
hear the case.