davidaulloa/AmericanStories huggingface dataset:
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-09-23
SUBSIDIES
FOR HOME
CREATORS
England Gives Effective
Help in Solving Its Hous-
ing Problem
ny MILTON RRONNER

LONDON. Sept. ss.--"Build little
house and draw a subsidy from the
treasury OF John Bull"
This Is the hearty invitation eS-
tended by the British government
not only 10 men OF modest means
who may be thinking OF owning
their own homes. but 20 building
contractors who may want eneour'
agement 10 construct rows ~ houses
ut rentals within the means OF poo
pie OF modest wages.
The whole subsidy plan has been
placed under the control OF the min.
lister OF health. This may. at first
sight seem strange. But the logical
Rritishor says that decent housing
OF the people Is one OF the first
requisites OF good health. Hence an
act OF parliament which provided
that grants should be made TO all
persons constructing houses within
~ months after December %, 1919.
The terms OF the subsidy are:
The builder OF a house containing
one living room and two bedrooms
and comprising not less, than 700
feet of floor area will get u subsidy
Of $40 pounds sterling. which at
present Is about ssso.
The builder Of a house containing
living room and three bedrooms
and comprising not less than $50
feet OF floor area will get 1850.
The builder Of house containing
living room. a parior and three or
four bedrooms and having not less
than go feet of floor ARIA viii get
1890.
No subsidy will be given 20 the
builder OF house with more than
four bedrooms or which has a super.
fetal floor area In excess OF 400
feet.
In order to be eligible for the sub
Asidies the builder must present his
Lpians TO the local government au-
|@thorities. II they conform TO the
rules laid down by the ministry OF
health. the prospective owner then
gets Certificate A. When the house
governmental authorities and. II
found to comply with all require
ments. Certificate u Is Issued. Then
the owner sends both certificates 90
the ministry OF health and gets his
check for the amount OF subsidy 10
which he Is entitled.
As the whole scheme Is designed
70 encourage people TO build n,
houses In this time OF housing FINN,
the. the government makes certain
requirements which are apt TO do
away with the danger OF siums.
The parliamentary act permits the
ministry OF health to expcnd the sum
Of $4,000. 900 pounds sterling IN the
form of housing subsidies. At the
present rate OF exchange this u
about $50 900 900.
Up to this present time 1889 Ger.
tiflcates have been issued. showing
that the holders are entitled to sub.
eitlie2.
The total amount. Of grants In.
volved n yi7.025.f7s.
When parliament resumes It's sit.
tings the ministry Of health Is going
TO ask for an amendment 10 the act
which will enable II to offer the sub
sides for another year.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-09-23

Ia GRANGE. Tcxas.---tBy Mail)'
In n land where hard men and
hard liquor" tcven In Mr.. volstead's
day. are the rule. a man has been
sheriff for &c years without drawing
a gun,
Yes. sheriff--"Big Gus---roessin.
of fayette county. In the pride OF
the great. open southwest. for he:
Threw away his gun when he was
elected sheriff In 1894.
Has made ii.3s2 arrests In &c
years.
Doesn't believe In prohibition, bu,
has made SIS booze arrests.
Made cattle thieves seek other
fields.
I've had TO treat some folks right
smart rough In my time" says Big
Gus" but I Amt never had cause 10
shoot And--I amt never seen tho
man couldn't lick without a gun"
six feet three In hts stocking feet.
his trousers tucked into his boots.
and big sombrero hat back on his
head. Locssin ls the typical sheriff
Of the movlcs-ail except the guns.
IL he ever wants to change Jobs.
he'd be the goods" In movie land.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-09-23
ARMY CAPTAIN
TAKEN IN NORTH
Overseas Veteran Charged
With ENLIGHTENMENT

Capt. Charles A. Morgan. overseas
veteran. was ON his way TO wash
ington. ID. c.. Thursday In custody
OF U. :. Deputy Marshal l. 7. Err
win TO face charges OF desortlon. en-
hexxlement and obtaining money
under false pretenscs.
Capt Morgan WIS arrested In
Fairbanks. Alaska. and brought here
"Wednesday. lie says the charges
are without foundation. lie Ia 81
years old.
Capt. Morgan was invaded out OF
the Canadian army early In the war
and later held a commission In n
u. =. machine gun battalion.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-09-23

A Chicago inventor has devIded y
"fireless cooker" for the feet OF en-
ployes who must work all day on the
cold. damp floors of refrigerating
rooms.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-09-23

Scientists are trying 10 rrp~cduce.
by artificial means. such cells as
compose the bodies OF plants and ami.
mails.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-09-23

The Ford Motor Company makes this reduction in the
face Of the fact that they have hand immediate
orders for hundred forty-six thousand sxty-fve
cars and tractors. The Company will suffer a tempo
rary loss while using up the material bought at high
prices They willing to make the sacrifice in order
to bring business back to going condition quickly
as possible and maintain the momentum of the buy
ing power of the country.
Henry Ford says "The is and it is time war
prices There is wisdom in try
ing to maintain artificial standard of values For
the best interests of all, it is time real practical
effort made to bring the business of the country
and the life of the country down to regular prewar
standards"
We are at your command with regular Ford effici-
ency in service and eagerness to fill your orders
In Cline Motor Co. Higgins & Matthews
45hSt Kenwood 81 BIS Nikeson St Queen Anne74
Clark Baker Motor Co. Alfred G. Ayerst Inc.
Tenth Ave and Jackson St 1880 Broadway, Cor Way
Central Agency Co. Myers & Baird
AF. langy Fourth James
inc
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-09-23
10 "Youth-iiy"
GRAY, Sireaked Hair

Ask anybody TO guess how old you
are. and notice how their first APP
praising glance is directed at your
hair.
To be answered. You can't be
more than 30: ! can tell by your
hair" must give 10 any woman who
u really 40 or more a sense OF pride
and satisfaction.
But to become prematurely gray
At 30 or 40, to look 10 years older
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-09-23

The war is over and war prices
must 90. Effective at once Ford
Cars, Trucks and Tractors will be
sold F. O. B. Detroit at the following
prices:
New-York tribune., 1920-05-30
Feels Herself q Novice

Question: have $1,000 to invest and
am undectdedsabout tho best stock to buy.
rate, to per cent and be safo with a
chance OF an advance in price VIII havc
$1,000 moro about June Is. Have fifteen
shares of Western Union, nifty shares Of
United States Steel and twenty-five Of
bethlehem Steel. These last two only pay
o, Per cent What do you think about
your opinion about Canadian Pacific, Union
racihc or Great Northern railroads? Are
,hsy ,hsy stu paying 10 per cent and what is
What do you think of Pacific Develop.
ment? Would It be a good buy? Also
American Bosch Magnetic Would you
this business and don't want to make a
mistake Have all the United States
o oom"s care to carry. VIII appreciate
G. b. c. ''''e' S'o'A MIS-
Answer-It seems to US that YOU do
not clearly understand the purpose of
an investment. Briefly it is to pur
chase securities for income PURPOSES
with view always to placing the prin-
ciPal IN as secure a position as pos
slole. The stocks you have and those
you suggest purchasing are speculative
issues, IN that they are highly sensi-
tive to earning power. Evidence of
this may be found by scanning the
earnings of the United States Steel
corporation during the last few years.
These earnings fuctuate over a wide
range Dividends were paid in proper
!oh to these earnings. For one year
II per cent was paid on the common
stock, and yet the person who pur-
chased stock in the corporation with
the idea of obtaining a high yield now
mas That he receives but per cent
per ahnum. Investment securities are
not SO sensitive to earning power.
High Grade bonds and saoeonod o.o
iierred stocks are in this class. Such
issues may now be purchased to Weld
from over per cent to over per cent.
Inc greater the yield the greater the
RISK involved, as q rule. Speculative
STOCKS such as you mention may prove
to be wise purchases at present prices.
but, nevertheless, if you buy them be
prepared for disappointments The in
Vestor mas great advantage to dav.
lie may purchase long term high grade
securities at the lowest prices in GEN
eratlons. Some day money will be
easier and then these investments are
almost certain to advance in price.
we cannot see any good reason to
place funds in stocks of a speculative
character when such investments are
offered with minimum of risk. The
recent issues of New York Central
equipment 7 per cent bonds and Pacific
Fruit Express equipment per cent
bonds both yield 7 per cent We re-
gard them as high grade. So far as
railroad stocks are concerned. they are
about as speculative as anything on
the list just at present, for it remains
to be seen how the carriers, both in
this country and Canada, will perform
under new rules and conditions which
have been laid down for their opera-
ton.
New-York tribune., 1920-05-30
Realizes He Is Snecnlatinr

uestion-Kindly let mo know what YOU
thnk of the following companies. | rcal.
we theY are speculative, but am irving TO
get a line on their properties and posi-
Dllites; Sinclair ON Transcontirenfal
on Smms Oil. SlelY Oil, Dominion Oh
Manhattan OIL Would you think il beg,
w. T.. b. 'So
Answer-Production of petroleum is
such an uncertain business that to dis
cusss possibilities of the shares of com
panies engaged in it seems hardly
worth while. The companies YOU men
ton all have developed properties from
winch more or less production is de-
rived but in the case of oil PRODUCTIVE
companies present income does not as
a rule serve as basis for judging
future earning power. These stocks as
you appear to realize, are very spec
ulatlVe. We suspect the expectation
or prohting by an advance blinded you
to the possibility of loss through a
decline. Be that as it may, there is
not much we can do for you at this
stage OF the venture, since The Tribune
makes no pretense whatever of adyjs-
ing IN regard to speculation
New-York tribune., 1920-05-30
Austin, Nichols & Co. and Others

Question-Kindly give me any informa-
tion YOU may have in regard to Austin,
Nichols stock notice quotation Of
about 23 Are there common and pre-
ferred stocks? I thought they selling
pin the 90s last january. What is your
opinion of American Linseed Oilr AS to
standard Oil Of New Jersey which do YOU
think the best buy, the preferred the
common Il. d.
Arswcr-Austin, Nichols & Co. Mas
outstanding $5,500,000 of 7 per cent
cumulative preferred stock and 10000
shares common voting trust certificates
of no par value. The preferred stock
sells for about 85. Tn comepany
arnd for 1919 tn equivalent of $671 a
share on the voting trust certificates
aftr payment of preferred dividends.
No dividends are being paid on the
junior issue at present The American
Linseed Company enjoyed the best year
in its history during 1919, when, after
payment of preferred dividends, the
equivalent of $l602 a share was earned
on the common stock. An initial divi-
dend of So share was declared last
November, payable in four quarterly in
stalments-December Is, 1919; March
10, Juns Is and September 10, 1890.
New-York tribune., 1920-05-30
Pcople's Gas OF Chicago

Question-1 would be Very grateful for
any J., 'dyics you could Fiye me IN regard
They have paid no dividends for quite a
number Of years. The stock has been down
in the SOS foT some time, cannot tell
from the literature what it's prospects are
and would like to know how 1t is rated by
those competent to judge.-Mss NJ W
Goss.
Answcr-Thc Peop>c Gas, Light and
Coke Company, of Chicago, like many
other public utility corporations, has
suffered q large decrease IN earnings
during the last few years, due to in
creased operating costs without CORE
spending increase in rates. As a mat
ter Of fact, this company was forced TO
reduce rates in some instances. Up to
1916 the company had Shown SURPRISES
for many years after dividend pay
ments. In 1916 the net income was
$424 1888 short Of the amount of the
dividend The company, however, paid
512 per cent for that year. In 1917 the
bond interest was not earned by $780,
2Ul, nevertheless 3 Z per cent was paid
on the stock, the difference being tax
en- from surplus account. In 1918 bond
interest was not earned by onc-half.
with the result that the deficit for the
year amounted to 81 900 ,G2S. No divi-
dends were paid. For 1919 bond in
terest was earned, resulting in a net in
come of SG5,207. Whether this means
that the company has tcrned the corner
and is on the ROAD to Improvement
probably will not be known definitely
until the results of operations for 1920
are published. The stock appears to
have discounted in large measure the
poor showing made in the last few
years, but obviously is very specu-
lative.
New-York tribune., 1920-05-30
Could Make Better Selection

small capital Investing in the stocks Of
Anaconda Copper Mining Company or the
Nanadium Corporation &C. NJ c.
Answer-Neither Anaconda Copper
nor Vanadium stock is an investment
issue. Both companies are engaged in
extracting minerals from the earth,
which is a rather uncertain business at
best. The former is an old company.
we'll managed and with a good dividend
record. Yet the earnings huctuate
widely from one period to another and
dividends are paid accordingly. The
Vanadium Corporation of America, a
new company, has been successful from
the start because it was born during a
period of prosperity. 1t has not yet
weathered any periods of business de
preston. In other words, its record has
not been established. But one dividend
has been declared. If you would invest
your funds permanently and safely, do
not look for too high yields. In doing
so you will frequently find that your
principal has been jeopardized. When
long term first mortgage railroad bonds
may be purchased to yield from to 6 y
per cent, it is our opinion that the in
vestor of to-day has unprec dented op-
pOrtunitieS.
New-York tribune., 1920-05-30
Shows Good Judgment

Question-Do YOU consider the following
nigh class. safe investments, and are they
cumulative? Standard Oil of New Jersey
preferred, American Smelling and Refining
preferred. New York Central equipment
Pacihc Fruit Express. Canadian National
Railroad equipment. Would you offer any
suggestion or securities in place OF above
for good safe investment?-R. II. P.
Answer-Both Standard Oil of New
Jersey preferred and American Smelt-
ing and Refining preferred are per
cent cumulative. The former is a
good investment. The latter company
did not do so we'll during 1919, yet it
has d. large surplus and is we'll man
aged. We regard it as fairly good
investment. All the equipment issues
are high grade. and offer attractive re-
turns. In selecting securities of this
character you show good judgment, but
we believe you would do we'll to con-
slider the unusual opportunities being
offered at present to obtain long term
first mortgage railroad bonds at rates
to yield from 6 per cent to 6h per cent
New-York tribune., 1920-05-30
Using Liberty Bonds for I'orr;,s

Question: have two 800 Liberty 41
per cent bonds 1898, which I bought s.,
about S84 am leaving them with NV.
broker as cola terat against fifteen sharass
OF Cities Service bankers trust cor
uhc2teS' bought at $50, also ten shares
OF tosden q Co., bought at $3.50 DO Won
thlnk am using good Judgment in buy
lAs 'hese stocks on margIn?-W. H. NJ
Answer-We suspect you cannot af-
lord to speculate, although that is your
evident intention. Our advice would
be to put the Liberty bonds away in a
sale place as a nest egg and buy as
many more from time to time as your
savings Wlll permit. BY doing So the
the face with a smile of satisfaction
knowing you have something in the
way Of real investment to fall back
on, viii probably arrive much sooner
than If you dabble in speculative stocks
on margins.
New-York tribune., 1920-05-30
South American
Trade Balance Grows
April Exports of Brazil and
Argentina Show Another
lump: Imports Drop

WASHINGTON, May 29.-Both Bra
I'll and Argentina continued to increase
their exports to the United States in
April, while a decrease in imports from
this country wdened their already ia
vorable trade balance, according to fig
ures announced to-day by the depart
ment of commerce.
Imports from Brazil of $780, 900
were $6,000,00O in excess Of March i'm
ports, while exports to that country were
$10,000,000 against S12,500000 for the
preceding months. Argentina shipped
S2l.500,000 worth of goods to this coun-
try, an increase of $2,400000 over
March, against drop in imports to
S14800,0o0 from $17,OO0,000
Imports from Chile and Uruguay
showed a decline in April, the former
amounting to $7,900,0OO against SILL
500, 900 in March, and the latter total
ing $6,000,000, a decrease of about ST.
100000. Exports to these countries
showed little variation from March. in
both cases being approximately $4,000
coo less than imports.
New-York tribune., 1920-05-30

change this situation. Recently the
railroad officials representative stated
that the employees should be granted
an increase in wages. That does not
tend to help the situation. Unless con-
structive measures are adopted it may
spell receivership for many roads. and
some very good ones, at that. Thinking
persons are realizing more and more
that the railroads arc the main ar
teries of commerce. Without them
business is at a standstill. Witness
the present freight congestion. 1t has
meant the loss OF millions of dollars to
manufacturers. All these facts, to our
mind, are blessings in disguise. 1t will
mean that the railroad systems Of the
country will be given the square deal.
Mr.. Prouty, Of the Interstate Com
merce Commission, publicly stated that
the railroads interests must be safe
guarded. 1t is our opinion that good
railroad bonds are most attractive at
present. Your list, however, with one
or two exceptions, is not made up of
the grade of bonds which we would
suggest for your purposes. 1t would
be better, we believe, to purchase issues
of higher grade. even though the re-
turn is somewhat less, rather than
those issues of the weaker roads, par
ticularly in view of the fact that most
of the bonds you mention do not enjoy
active markets. One never can tell
when it may be necessary to sell his
securities, therefore marketability is
one of the most important factors to be
considered in the purchase of any Sc
curity. We believe with you, that the
old issues are perhaps more attractive
than the new ones. There is usually
greater demand for bonds selling at
discount than for those selling at
premium. Many of the bonds on your
list are obligations of small roads.
Under the railroad act these roads may
find some difficulty in borrowing funds.
Certainly they will find it more difficult
than the roads Of stronger credit. The
greater the income the greater the risk
involved, as a general rule. Therefore,
if you confinc your purchases to bonds
Of the following grade, it is our opinion
that you will be far better satisfied,
particularly in view of the fact that
you are making these purchases for
others: Great Northern Az, Northern
Pacific IS, Great Northern 412s, North
Paul general As, Rock Island general 4s,
Chesapeake & Ohio consolidated 5s,
Union Pacific refunding As Colorado &
Southern is, Central of Georgia con-
solidated 5s, Illinois Central as. 1852;
Central Pacific 4s, Wabash first 5s, San
Francisco Terminal As, Kansas City
Terminal as. We regard the Chicago.
Burlington & Quincy joint bonds as an
attractive shorttcrm investment.
New-York tribune., 1920-05-30
Responsible for Large Investment

Question-Pardon me if l ask tnforma
t,oh Nl, on list two feet long, but have been
re"dihg your column for a good long time
ana nave yet to find somebody whose ideas.
sc"ei%i or special, seem as satisfactory to
me me- the in pSGem6fr l9ll had thrust on
latner' mother and sister living abroad a
sum gong into the six-fguro class One
'hlrd nave devoted to Liberty bonds and
eAternal loans Of Great Britain and Swift
erIand. That Is all | want of that class.
Next have considered railroads. | think
mere mere are good many bargains in rail-
ROAD bonds at present prices. Some are
obVlous-e. e. Northern Pacific 81 and
Kansas city southern So Others arc less
!case give me your opinion on the follow
ing. all hrsts, with ono execution; Vest
ern Pacific Railroad Company first 5s
1876: Great Northern first 4 rs 1861; Wis
cohslh central first general As. 1919; Ka-
HaWha a;, Michigan first 4s. 1890; Central
New England first As. 1852. Ogdensburg K
Lake Chanplain first As. 194S. Iowa Cen
tral first 5s. 1883; Western Maryland hrst
4s' lso2' Carolina, Clinchheld & Ohio first
9s; l"5S LOUISIANA & Arkansas first 5s
l927; Rock Island, Arkansas 4 Louisiana
hrst 4las 1884. Fort Worth e. Rio Grande
first IS. 1928 Ono Information available) ::
ChlcaGo Great w Wcstern first Is, 1859; Colo
rado & Southern refunding and extension
las. 1885. and Chicago, Burlington &
Quincy collateral Joint 4s (as one short
term investmenD. OF course. have my
own ideas, and have many people de-
slroIs or giving me Information. but sus-
nect IT in many cases of being tinged by
right in my preference OF the older bonds
at lower price, to the newer nigh yield
Junior, issues? Perhaps 1t is only a matter
of personal taste.-F. T.. G.
Answer-We think you are quite
right about bonds being attractive at
present levels. Investors have not been
offered such opportunities in genera
tions. We are making history at
preScnt-lmportant history. In pass
ing through this present transition
stage we are confronted with many
difficult problems. No right think
ing man can be bearishs on the
United States of America. We admit
that pessimistic utterances are heard
everywhere, and yet the saying at is
always darkest before dawn" may we'll
be kept in mind at this time. The rail
road situation never was so completely
upset as at present. Systems which
2aVe been good earners for years find
dependent upon the govern
nent for sufficient compensation to pay
heir fixed charges. Something CON
,tructive must be done in order TO
New-York tribune., 1920-05-30
Better OFF Than He Knows

Question: would be very thankful for
your opinion on some United Motors stock.
lhaVe had it since 1913, when paid So y
share for the same and have never had
any return of any kind. What | would
Ike to know Is if I had better sell at the
present price or to hold it. f.
Answer-In 1918 the stock of the
United Motors Company was exchange
able for the stocks o. the General
Motors Corporation on the following
basis: For every ten shares of United
Motors one share of General Motors
old common stock, or ten shares of the
new stock and three shares of General
Motors debenture stock AS these two
issues have paid dividends for some
time you should have made the ex-
change when first offered We arc in
formed, however, that if you will send
your certificate for United Motors
stock to the Guaranty Trust Company,
New York, you may still receive the
General Motors stock with accumulated
dividends.