davidaulloa/AmericanStories huggingface dataset:
The American issue. [volume] (Westerville, Ohio) 1912-19??, 1920-02-13

The tenth district comprising the counties of Winnebago and
Og loyal aud able support antsaoon through
Atwood House Members Charles W. Baker and
H Hicks The dys promised the primary and election
support law enforcement by Guy W. Gnders,
who failed absolutely fulfill this promise Mr. Gnders
titled support nomination reelection by the dry of the
dry district which includes the city of Rockford This district
should send soldly dry delegation the next time
Two Splendid Representatives
The eleventh district comprising the Englewood section oil
Chicago we'll as the Beverly Hill splendid Repre-
sentativesEdward B. Lucius William H. Cruden The third
Representative Frank Ryan, supported the vets every
ston.
Editors NoeThis is the first of series of articles the
Legislature Superintendent Mcbride The article will
pear in the next number of The Issue.
Cleveland County herald., 1920-04-08
Arka7Sans Pays
 Heavy Income Tax

Although the war is over, des pite the refusal of the United States Senate to ratify the peace treaty, Arkansas continues to demonstrate it's patriotism by providing the funds with which to pay tie recent cost of the un- pleasantne5s. The figures have not been announced, but it is understood that the people of Arkansas have paid out fifteen million dollars in income tax. The percentage of deiinquencies last year was very small, the state of Arkansas standing fifth in the list. Those who are familiar with the Federal income tax say that 1t is the cheapest tax collect ed, the average for the country as whole being only one. tenth of one per cent.
Cleveland County herald., 1920-04-08
N. May

On Merch the 18th Cleveland County lost one of it's oldest and best citizens. T. N. May was born in Miss. in 1848. He had been a citizen of the community in which, he died for many year.
 Not only was he a good man but 1t Is true and ought to be said of him that he was a good christian. Bro. May was a Dea- con in the Macedonia Church where he had been a member for about fifty years. He served his time well and has gone to enter the reaping after faithful sowing
 Services were held for him by the writer and the body was laid to rest in the Macedonia Gene tery March 29th, in the presenc e of a large hostof friends and loved ones.
 A N. Stanfield.
Cleveland County herald., 1920-04-08
She'll Ross ard BroWn-0 0glesby
 Consolidated

The She'll Grain Company of Pine Huff that began business in Pine Bluff in February have been consolidated with the Brown Oglesby Company. Both Com panies have been highly success ful.
 The three stores will be under the able management of c. I. Shell and will be known as the 8rown-Og!esby Cash Feed Con- pany. The stores rre situated at Fifteenth and Staay Streets at 26th and Cedar Street and at 222 West Fourth Avenue.
Cleveland County herald., 1920-04-08
ln lrCuisiliye
 Subscriber.

VII, is 1t our Courts an3 peop- Ie will not allow punch boards anC other gambling devices to he operated by citizens of the town, ~hen we will permit show 10 pelate various games of ch' sn I'd scarcely utter word Of pro est? Is it because the games re less hurtful when run by lfw people?
 Why is it we condemn the pnl : licuai ice made up and carried out
 cntain reople of tie commU- ny. and permit questionable eharacters 10 carry on public Garce fer week and draw our Sourg people in at so much 8 head?
 is f because the strangers fur uisb a better moral atmosphere?
 Why is it our people in general oppose prize fighting and frown down on any state that permits fight to Ee advertised and carried cut within its borders, and yet we allow a show to pull off fight right in the heart of our town? Is it because the fight or small scale is not evil?
 Why is it a benefit to town financially to have show to come and carry off hundreds of dollars that would sooner or later come to the town in the way of legitimate trade?
 Why is it we will jeopardize the moral and religious welfare of our community for revenue?
 A Subscriber.
Cleveland County herald., 1920-04-08
An Egg Hunt

The Junior Missionary Society, which is composed Of twenty, members met at the Methodist Parsonage Monday afternoon anc while being entertained by heir efficient leader Mrs. I, (. Can non at interesting games, as Feather" Egg Rolling Indian Race etc. several dozen beau l. fully colored eggs were being hidden in a grove near by Mes danes Harlow, Edw&Tt,s and Farrar
 The hunt was yer, mech ea- joyed by al, Joe B. Harlow win. ming an appropriate Easter prize for finding the greatest namber of eggs, he having found twelve.
 Some snap shots were taken by Fletcher Cannon, after which [ : licious refreshments were served consisting of sand Vjc1e7, 3 c'<i s and chocolate.
 The children reinc ansIv ee turned to 'heu n0fnea retv14G IT words aad act50aa 't.at s... ,xg had q fire time
Cleveland County herald., 1920-04-08
Van ksCKil1ney
 EleCt1d Mayor

Very little interest was mani Tested in the City Election held here Tuesday as there was only one ticket and no candidate had opposition The following were elected:
 Mayor-Va1 Mckinney
 Reco Ger W <. Thomasson
 Treasurer-J W. Elrod
 AIdermer-A. B. Robertson, ]. L. ke'd, l. F. Williams, W.L. Moody and Cdas. Walker.
 DE 4 J. Hamiitog left Sunday fo. Little Rock where he will en- ter @t. Lukea hospital for an op. eration for gall stone.
 Hrs Ida Mosley of Fordyce WAS eve, Monday paying taxes aad visiting friends.
 s; 5 [. U, Ovefstreet of For Jyc~ '. i5ed her sister Ms Jno. T. i1ashih7 Saturday a4d sunday
 Q4c"t-sos of Aingsland came epe9 oD 2 Monday.
Cleveland County herald., 1920-04-08
At The '}a3 st Church

Good day last s ae. Fine congregation and program. Our potracted meeting will be- gin the fourth Sunday May. We will be assisted by Rev. A. E. Little. = r. em Der the date and = real o there ever service
 !. ,J slanfiald
Cleveland County herald., 1920-04-08
Announcement

Rev. W, c. Watson, presiding elder of the Pine Bluff District. will preach at the Methodist Church next Sunday morning and evening.
 Remember the time for open- ing Sunday School has been changed from 10 a. m. to 9 45 a. m.
 F. c. Cannon, pastor.
 Dr. J. o. Ruth was here this week. He is we'll pleased wit, his location at Heroine.
Cleveland County herald., 1920-04-08

AsV. J. Greenlees, Misses Cecil Cope and Ophie Kesterson at tended the closing exercises of Miss Pearl Greenlees school at Faith last week.
Cleveland County herald., 1920-04-08
Notice of .Ea1<>3ss (3lIziO5l

have purchased the 2. a GoHn II he Ii n o; Galloway and baldwin have assumed al the indebtedness of and have bougt all the and ask all and as need the o settle up debts contact ed by the firm
 In conclusion thank customers for their patronage and will ask for liberal share of trade h launching out in business self ls not close without saying that loose the judgment of former partner and his counce but be- for him in whatever business he n as relations have been peassrt.
 Yours very fruy
New-York tribune., 1920-02-22
Central Leather
E. arms $3O.ll a
Share on Common
Profits for 1919 Are Nearly
Three Times as Great az
Those of the Preceding
Year; No Indebtedness

AS result Of operations in the year
ended December 81, 1919, the Central
Leather Company returned a surplus
after charges and Federal taxes Of s14.-
2Ss,4S1, equivalent, after the deduc-
ton Of $2,33o.930 for preferred divi-
dends. to s3011 a share, par 500,
earned on the 9,7o1 $50 common stock,
which compares with ss,47s,4sA, or
s1o.44 a share in the preceding year.
Total earnings of all properties after
deducting expenses, provisions for plant
abandonments and strmpages, Federal
income, excess profits and other taxes
were s22,104,59o, an increase Of $9,-
1878 over 1918. Expenses and losses
amounted to s6,355,753, leaving q $l6,.
74S,s37 balance. Other income Of s377.-
S5l was added to that amount, bring
ing the total to s16,126,68s, or $751;
o47 more than in the year before. After
$1,S33,207 in interest had been de-
Quoted, balance available for preferred
dividends was s14,2S8,4S1. Common
stockholders received s3,573,o81 In divi-
dend disbursements, leaving a 1884
470 surplus.
In his report to stockholders Edward
c. Hoyt, president, said: "The COM
pany has no indebtedness except for
current monthly accounts and dividends
declared and unpaid. Current assets
are in excess of current liabilities by
$88, 704, TAB, and are $69. .726. .088 in ex-
cess Of entire liabilities, including
bonds, exclusive of capital stock. Cur
rent accounts receivable are in good
condition, estimated percentage Of bad
debts being less than ne-twentieth of
per cent of amount Of sales.
in conformity with the plan Of tho
board Of directors announced In les
annual report for 1918 for partial re-
tiremsnt Of outstanding bonds Of tho
company at the date of maturity. April
1,.1s25, 81 1.ooo, 900. derived from stump
age was during 1919 appropriated and
invested in bonds of the company. In
come from this special fund, which to
the end Of 1919 amounted to $1,O19. $40.
has been carried to reserve for depre
citation: As shown by my report, there
are .$516,600 bonds in the treasury
which are available for appropriat ton
to special fund in 1920"
New-York tribune., 1920-02-22
Stocks Advance
In Dull Market:
Reserves Decrease
Federal Reserve Bank Ratio
Drops to a New Low
Record; Cheaper Rails
Show Continued Strength

On the svs Of . two-days' sunspension
OF activity the stock market yesterday
was rather colorless affaiA, the movs-
ment Of prices rejecting mainly even.
ing-up operations by the speculative
element. While there was . good deal
OF frregularity during the short trading
session, the majority Of stocks showed
net gains at the close. tho buying re-
sponsible for the slight betterment in
prices coming in. large measure from
the short interest, which 10 still Of
rather large proportions.
Fractional gains were tho rule at tho
opening and the advance in some Of the
industrial leaders carried ahead q bit,
but the advance met proft-taking sales
In fairly large volume. OfYe1ngs wore
not heavy enough, however. to cause
material recessions. United States
Steel opened at 9S%, reacted to e8h
and in the late trading rallied to 99M
where it showed small fractional
| gain.
The low-priced railroad shares con-
1!hueo IN 1aVor with the speculative
element and such issues as Baltimore
& Ohio, Erie, St. Louis & San Fran
cisco, New Haven, Ontario & Western,
Pittsburgh & West Virginia and Pere
Marquette were the leaders. New
Haven was especially strong, with a
net gain on the day Of 3M points. The
continued strength Of the rail group
as whole was interesting in view Of
the opposition that is developing to the
bill in Its present form.
The most important development Of
the day from the stock market view
point did not come until after the
close The weekly statement Of the
AFederal Reserve Bank Of New York IN
dcated less favorable reserve posi-
ton. the ratio of reserves to deposit
and note liabilities dropping from 88o
to 371 per cent, the latter being new
low record, the previous low having
been 38.6 per cent, made the second
week Of January. The statement OF
he New York Clearing House bank
Showed a decrease of s33,O00,o0O in
oans and a decrease Of $4,000 900 in
surplus reserves. The less Favorable
statement of the Federal Reserve Bank
s believed to .foreshadow another rise
n the discount rates.
New-York tribune., 1920-02-22
Clearing the Air

The New York Stock Exchange has
sent out to some 10000 financial insti-
tutions in the country circular letter
inclosing copy of the Requirements
for original listing" Of new securities
on the exchange, for the purpose of
calling attention of the investing pub
lie to the accessibility of essential IN
formation with respect to the securi-
ties dealt in on the exchange. The let
ter says, In part: Before a security
can be bought and sold on the New
York Stock Exchange an application for
listing must be filed by corporation
or its representative, reciting all mate
rial facts of its affairs. All listed cor
porations are required to publish bal
ance sheets and income accounts. Many
of the corporations now being listed
have issued capital stock without NOM
inal or par value. 1t is not always un-
.derstood in dealing in such stocks that
there should be no consideration given
to the traditional price Of par. In or
der to obtain the market value of prop
critics having shares of no par value II
is necessary to multiply the price a,
which the stock is selling by the mum
ber Of shares outstanding For in.
stance, property capitalized at 200 ,00C
shares of no par value, and quoted al
$40, represents q market value of the
property Of sS,0o1,oo0."
New-York tribune., 1920-02-22
Flour License Revoked
Universal Company Failed 10
Comply With U. S. Order

Announcement was made yesterday
by julius Barnes, United States Wheat
Director. that the license Of the Uni
,versal Flour Mill Company Of Boston
had been revoked until further notice.
effective at noon Friday last.
The Universal Company was given
hearing in Washington last Septem-
ber. when certain representatives Of
the company were found to have been
guilty of unfair and deceptive practices,
At that time the Universay Company
was given permission to Gloss out two
outstanding contracts, but was directed
not to engage in further licensed bust
ness unless the personnel Of the COM
pany was reorganized to the satisfae.
tion o. Albert Brandeis, chief Of the
enforcement division Of the wheat d.
rector's offices.
At another hearing inu Washinvtor
last Friday it was found that reor-
ganizatton pad not taken place. where.
upon the license was suspendsd,
New-York tribune., 1920-02-22
The Dollar in Foreign Exchange

After the rally in European ex-
changes for several days, they reacted
sharply yesterday, and cables for Lon
don indicated that at times it was i'm
possible to buy dollars. Unless
exports are reduced or financed by
reached, some bankers fear, when it
will be impossible for Europeans to
And any offerings Of dollars with which
to pay their bills. This contingency
would be more unfavorable than an
other drastic break in rates, for 1t
would mean that the quotations had
become nominal so far as the avail
ability Of dollars was concerned.
AS result of the rise of the pound
bills, particularly Of cotton bills from
the South, yesterday caused rates to
decline. Francs and lire moved down
with the pound, just as they had rallied
with it..
The break yesterday tended to con-
firm the view of bankers that the
earlier upturn was due chiefly to tech
nical market conditions and that they
would decline as soon as heavy offer
ings were attracted to the market by
"a higher rate.
At present bankers seem indisposed
to float large foreign issues, although
practically every country is in the
market for funds. France is especially
eager for accommodations, the bankers
say, but they are disinclined to do any
thing until plans are formulated fog
meeting the Anglo,French maturity Of
$500 900 900, which comes due on
October Is next. It is known that
Henry P. Dawson, of J. P. Nor
gan & Co., who reached London last
week, will discuss this operation with
British and French authorities.
Bankers here who helped to foatt the
loan declare that they have no doubt
that the loan will be paid of. They
express the view, however, that at least
half Of the amount can be taken care
Of by refunding. If necessary, England
viii ship gold, they contend, as they
do not believe that Britain would under
any circum stances mar its record for
always meeting its obligations.
If you calculate the cost Of tho dol
lar In terms OF foreign money at cur
rent exchange value: that is. II you
were buying dollars with pounds,
marks or francs, its value at the close
of last week, as compared with q year
aso, follows:
New-York tribune., 1920-02-22
In Wall Street
The Invasion OF the Arctic

Tho quest for new SOURCES Of petro-
leum production to keep pace with the
ever-increasing demand for oil is push
ing oil men to all parts of the world.
One OF the most interesting bits Of de-
velopment work now under way is that
OF the Imperial Oil Company, Limited,
of Canada, subsidiary Of the Standard
Oil Company of New Jersey. This COM
pany has sent an outfit of drillers into
the frozen north of Canada we'll inside
the Arctic Circle. The drilling rig has
been set up at spot about l 400 miles
directly north Of Edmonton, Alberta.
about 1900 miles from the nearest rail-
road.
New-York tribune., 1920-02-22
II, -
Erie Prepares for
Return of Railroads
Changes in Staff Organization
Announced; Four Operat-
Sv~~ R~-s@

ing Regions
Directors Of the Erie Railroad Corr
psny yesterday, created an organiza-
ton, effective at the end Of Federal
control, with Frederick D. Underwood
% president and chairman Of the
executive committee and George F.
6rownell, vice-president and general
counsel IN charge Of legal and financial
matters. George H. Minor was elected
vce-president in charge Of real estate,
taxes and insurance and George NJ
circuit, vice-president in charge of
Federal valuation, contracts for mate
rials and supplies and freight claims.
thomas G. Powell was appointed vice
president Of traffic, Robert s. Parsons
~ election becomes general manager
and Robert c. Falconer assistant to
the president and chief engineer.
August L. Sorenson was elected conn
sroller and William J. Moody treas
trer.
To provide for moro efficient serv-
''s and TO be in closer touch with
Ns employees the company will be
operated In four regions. namely: New
York, Chicago, Ohio and HornelI,
unaer four managers. each with q
Quarters Of the New York region will
% located in Jersey City; Hornell
onlces at Hornell, New York: Ohio
regional ohices at youngstown, Ohio
rnd s,d Chicago headquarters at Chicago
New-York tribune., 1920-02-22
WHY'S Overland
Plans Stock Increase

Stockholders Of the Willys-overland
Company, according to an announce
ment yesterday, will meet on March "a
to vote on a proposed increase in the
authorized capital stock from SIS, ,000,-
900 to s125, 100000. The new stock is to
consist of $4,000 900, against $4,000
600 now authorized, and $25,000,0 900
new junior preferred stock.
Action is suggested to make all or
any part Of the new junior preferred
redeemable and convertible into COM
mon stock and the method by and the
price at which it shall be redeemable or
convertible. The present outstanding
stock is divided as follows: Preferred
per cent cumulative, s14,532,500; pre-
ferred 7 per cent cumulative non-eon-
veritable, $9,S5l 900; common, $50 ,428,-
O87.
New-York tribune., 1920-02-22
Financial Items

Waiter II. eykes 3r.. o! Post : Flas9.
and Joseph q. Fitch. Of De Coppet 4
Doremua have been elected to the. board
Of 9overnors OF the Association OF Stock
Exchange Firms, Class Of 1922. to fii Va
two msmbers Of the board Of governors
to executive offices Of the association.
Alfred l. Parker has retired from the
New York Stock Exchange Arm OF Pos
ner 4 Co.
three-ysar per cent gold notes due Juiv
!. 1890. Will csosive three payments there
70, :; pa. a9S oss y qPon
Co.. New York. Of At the office OF Lac
HiEginson Company. Erston.
New-York tribune., 1920-02-22

York Clearing House banks disclosed
loss in their excess reserve of $751;
090,740, that item at the close of bust
ness yesterday standing at $8,071, ,420.
This Ynfavorable factor, however, was
Offset in part by q decrease in loans
and discounts amounting to $32.938,00O,
the total being S5,092, ,664,0o0. The
banks reserves in the Federal Re-
serve Bank dropped s23,4l9,000 to $685.,
063,000. Net demand deposits were
S4,059 ,32S,O0O, decrease of $60,736,000
bringing the loss in the last two weeks
up to more than $105, 100000.
New-York tribune., 1920-02-22
Reserve Ratio of
Federal Bank Down
To 37.1 Per Cent
Borrowings on Commercial
Paper Decrease, but Ex-
pansion i'm Loans Secured
by Government Obliga-
tons Is Reported

As q result Of the operations Of the
Federal Reserve Bank Of New York
last week, the ratio Of its total re-
serves to combined deposit and Federal
Reserve note liabilities was reduced to
87.1 per cent, the lowest since the es-
tablishment Of the bank The previous
low was January IL, when q ratio Of
8S.6 per cent was reported. A week
ago the ratio was 3s9 per cent. The
ratio Of reserves to net deposits, after
deducting 20 per cent gold reserve on
Reserve notes in circulation at the close
Of last week, was 33.9 per cent. The
latter figure was substituted in yester-
days statement for the item ratio of
gold reserves to Federal Reserve notes
In circulation, after deducting IS per
cent, against net deposit liabilities, "
which has been previously reported.
Features Of yesterdays statement
were . loss Of $2S,333,9s In total re-
In discount operations with member
banks. Bills secured by government
war obligations Increased to s616, 6,7Oe,-
l08, compared with $591 ,021 ,841 for the
week ended February IA, while bills
bought in the open market, presumably
bankers acceptances, increased from
$204,561 ,444 to $2l7,S13,616. CONNER
cial paper borrowings. on the other
hand. showed falling of Of about
q, 900 900. The loss IN gold was caused
principally by decline Of $3l,4l6, ITO
In the gold settlement fund.
The loss in gross deposits during the
servo notes in actual circulation in
creased from $so9,253,775 to $s17.41o.-
725.
The weekly statement of the New
New-York tribune., 1920-02-22
U. s. steers New. Ship Lines

The announcement that the United
States Steel Corporation is to inaugu-
rate in April two new steamship lines,
one from Mobile to Rotterdam and the
other from Mobile to Japan and the
Far East, is taken to indicate that the
big steel concern is bent upon going
after more export business despite the
fact that it is being deluged with orders
for domestic account. The vessels to be
used in the new services were built in
the corporatio yards.
New-York tribune., 1920-02-22
To Find Status of Waist Marke,

Group meetings Of the members Of
the United Waist League Of America
will begin tomorrow In an endeavor
to discover the exact status Of tho
market for finished waists and the
situation In raw materials. The first
group to be called consists Of twenty
Ave manufacturer. Other groups will
be called together here and in other
blousemaking tenters Of the country.
New-York tribune., 1920-02-22
Republic Rubber Increase Stock

AZ special meeting Of the Republic
70 increase the authorized common
stock without nominal or par value
.eeo, 900 70 1900, 900 shares. The new
seoek will be offered to stockholders at
: ans to be determined by directors.
New-York tribune., 1920-02-22
Union Bag and Paper

The annual report Of the Union Bag
and Paper Company, covering opera
tions in 1919 is scheduled to be issued
to the stockholders soon. and it is un-
derstood that it will better the report
of 1918, which showed $14.32 a share
earned on the capital stock. While the
business of the company in the first
half of the year was rather poor, it is
stated by interests in close touch with
it's affairs that the heavy increase in
sales in the last six months of 1919
was more than sufficient to make up for
the early unfavorable showing. The
10 per cent interest which the company
has in the st. Maurice news print mill
is said to be showing a good profit by
reason Of the high prices obtaining for
this kind of paper.
New-York tribune., 1920-02-22
New Members for Drcss ASST

Twelve new members among Chicago
and New York dress manufacturers
have been added to the Associated
Dress Industries Of America In ad-
vance Of tho membership drive, be-
ginning March I. The organization
now numbers moro than 400 Another
May I,
New-York tribune., 1920-02-22
Mbissing
THIS silver property with

THIS silver, property with
its 14,year uninter-
rupted dividend record is
analyzed in the current
number Of our Market Re-
view. The article touches
upon property, produc-
ton, ore-reserves, operat-
ing costs, ten-year outline
of income account, and
other important features
of Nipissing's progress.