davidaulloa/AmericanStories huggingface dataset:
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1920-07-09

Smilingly. I'm the nan who's had to
stand the gait so far; Tn going to be
in on any conferences. That's my
play"
Harmon licked his lips again and
swallowed repeatedly.
swell IS. it's If you let
me do the talking then or -
billiard turned back to the trans
mitter.
"Ask him to come right up" he said.
He replaced the instrument and looked
alarmedly at the broker. you're not
wellp
"Yes, am. +. Now let's get at
that contract There's no sense talk
ing business until that's Cancelled, is
there?"
AS Hilliard stared at him an icy
wave of suspicion swept him from
head to foot.
"What's your hurry? It's my flu
neral, isn't it?"
"You are anxious, though! Har-
mon. L"
mo no hurry at all. Only
as long as I'm here go. and the
games played out as favor
to me 49,. let's cancel it. Where
is it? Good God, son, don't
you want that thing out of the way?
It's no good with an alias on it! I'll
put up the money!"
A sharp rap on the door stopped him
short. billiard turned the knob; War
ing and Mr.. Cullen burst in.
"Why, Mr.. Cullen!" he said in as
constituent. "They didn't tell me you
were here! Hello, Rufus"
"Hilliardw Cullen's face was red
and excited. "Oh, I beg your pardon !"
He had seen Harmon.
billiard, taken utterly by surprise,
began to phrase the introductions; he
had only just begun when Harmon in
terrupted-Harmon with set jaw and
blazing cheeks. He was standing by
the writing table, and one hand was
resting heavily upon it. His manner
was curiously apprehensive. curiously
desperate.
sab! Mr.. Cullen I.
most happy, I'm sure and Mr..
Waring delighted!" His voice
was silken in its throatiness. Gentle
men, I have the honor TO be presi-
dent of the Silverbow Mining
corporation :" He paused; his
hands weaved aimlessly. "Of Mon
tana. Gentlemen. /
hear there's been some adverse criti-
cism of our property you're
stockholders, understand not
used to criticism I. :" He flung his
head erect ~ offer you personally
to relieve you of any
and all obligations and pay
back penny for penny" Here his knees
shook and he swayed appreciably. He
was holding himself upright only by
tremendous. visible effort
"The mans sick| Cullen stepped
toward him. Waring and billiard
were standing fascinated. The broker
warded off Cullen with both hands.
"No, I'm not sick! Contract
calls for delivery Of ninety-nine per
cent of capital stock on pay
ment of a hundred and twenty thou
sand dollars before December
first. . You've paid sixty-two
/. -. I'm here =. case of dis
satisfaction to write checks
for the full amount paid down to date
/. !. release you :"
Release us" Cullen all but yelled
it, and with note of exultation which
was electrical to billiard.
Release you get a notary
!. :" He sat down Imply. my
check-book, Hilliard-for Gods sake,
get me my :. check-book" All
at once he seemed to collapse; his
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1920-07-09
First missionaries to Islands.

One hundred years ago two men
were sent from Torrington, Conn.,, to
be the first missionaries TO the Hawaii
an islands, then known as the Sand
witch islands. The event was com
memorated at Torrington.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1920-07-09

The dome of the famous palace of
justice In Brussels Is made Of papier
mache and Is said to weigh 10 tona
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1920-07-09

another theory. He says: They're
too cussed lazy today to whet their
jack knives. "-Exchange
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1920-07-09

Cotton was grown and manufactured
in Spain in the tenth century.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1920-07-09
Friends No Lonaer Needed.

Why Is 1t that after man has cary-
ed out his future he begins to cut his
best friends dallas News.
New-York tribune., 1920-02-12
Commodities
Cotton

An early decline was followed By rallies
IN the market yesterday with near months
So 4oc to slssc. May advanced to 50. ACC
and closed at s2.3Sc. with the general
market closing steady net points higher
to II points lower. New crop months were
tire day. showing net losses of "a to II
points al the close.
The market opened steady at unchanged
prices to an advance of IL points OF reia-
lively steady cables and a steadier ruling
OF OF foreign TO- , sHehan m Later in the day
less general liquidation or pressure, which
was doubtless promoted by nervousness
over the railroad Dor situation and ap-
prehensiors that the falling off reported
in demand would lead TO liquidation OF
either cotton goods spct holdings in
the South. The failure of The break below
SIC for May to bring in stop orders how
ever, vas a disappointment To early sellers
and, after showing net losses OF bout 27
to AZ points. the market rallied on cover
ing for over the I.ircoln's Birthday ad-
journment. March was relatively frin. and
runiors were circulating that some of the
cotton on contract next month Near
month covering was also promoted by pri-
vate cables from Liverpool reporting good
trade buying of near months there, but
March offerings around the local ring in
creased cr somewhat at premium Of about
widened somewhat in the late trading
The close was several points off from the
best under realizing.
as thPre are only about $500 bales of
cotton certificated for contract delivery
here, the March situation is considered a
strong one, but tho most general expecta-
t!om appeared to be that March longs
would sell their contracts al q satisfactory
premium over May. The relative firm
ness of March. however, had a sustaining
influence on Old crop positions, particu-
larly in the of May
The market for spot cotton quiet
and unchanged at 3775c for middllng. No
sa S were reported.
The range of prices follows:
New-York tribune., 1920-02-12
Curb Stocks Fall
follow Records as
Selling Continues
Oil Shares Knocked Down
as Professional Pressure
Brings Out Much Long
Stock; Gen. Asphalt Weak

Stocks in the outside market broke
sharply again yesterday, when the
steady pressure Of selling showed no
signs Of relaxation. All through the
list new low record levels were made
for the movement
1T was again a case of the profes-
sionals keeping up their tactics until
long stock was brought out in heavy
volume. On the basis of the decline
in prices in the last week and a half
some huge losses have been taken on
the Curb.
The break yesterday saw the oils
again knocked down with utter disre-
gard of past values. Houston went to
g0h Carib Syndicate to Is, Simms
Petroleum to 34A and White Oil to
26. international Petroleum dropped
from 54A to 51h.
One of the weakest spots in the
whole market was General Asphalt,
which broke to 70, off nearly 100 points
from its high record Of last year.
Announcement was made yesterday
that the White Oil Corporation has
made a contract with the Texas Com
pany whereby the pipe lines of the
latter will run from the West Colum-
bia fields of Texas to Houston ,ne
million barrels of oil which the White
Corporation has in storage in tie West
Columbia field
In the industrial department Cen
eral Motors when issued was a weak
spot at rs, new low, and it failed to
rally. Submarine Boat touched 12A
a new low. North American Pulp and
Paper was a firm spot, holding above 5.
Tpduc<~i,I.
New-York tribune., 1920-02-12
United Fruit Earned $40
A Share in Is Months

For the fifteen months ended Decem-
Der 81, 1919, the United Fruit Com
pany reports net income after interest
and taxes of $20,163,517. equivalent to
$40 a share, 500 par, earned on the
$50,316,5o0 capital stock, which COM
pares with s14,os4,o4e, or s2s:o1 share
in the fiscal year ended September 30,
1918. Hereafter the company's fiscal
year will coincide with the calendar
year.
Total, income for the fifteen months
aggregated $3S,3S6,a08, compared with
$24,S30,OO6 in the year ended Septen1-
Der 80. 1918. After interest of $2os,es5
and taxes of $1S,016,106, balance ap-
plicable for dividends was $2o,1s3,5l7.
Dividend disbursements amounting to
ss,2S9,5e2 were. shared by holders Of
the stock during the period, leaving
a $1s,S73,955 -urplus. To that amount
previous balance of $35,O4o 1874 was
added, bringing the total to $4S,914.109
A credit adjustment totalling $195 ,6l3
was added to that sum, bringing the
final surplus to $49.109,722.
New-York tribune., 1920-02-12
Butter, Cheese and Eggs

Creamery. higher than extras. 67h0
ese. extras. s2 score. s7c: nrsts 90
$50 &C seconds. SO 10 81 score 55 "a 5SAc
lower grades, So Bic Held, niger than
extras. es@sS iac extras, 81 u q62hc.
trsts 81 q sic. Unsalted. higher than ex-
tras. 70 Y @7lc; extras es@7oe: frsts. sz
a SIC; seconds. Sc d6oc. State dairy tubs
finest, 6f@Gsc; good to prime. 5a9Ssc
common to fair, as eebsc, Renovated. ex-
make frsis 46@47c; seconds 43 g44c.
lower grades, Al Q942c. Packing stock, cur
grades $50 4lc.
Cheese Receipts were s44Aboxee State
held fats. specials. 30l4 l31 14c,averase run.
ZsG 3oc lower grades. 2oG2sc; twins. held
specials colored or white. 900 sos.c aver.
age run. 29@29Ac lower grades, 2om2sc.
Wisconsin, whole milk. twins. 2sM's0c
single daisies. fresh. 3oQ3l1c held 80 a
Young Americas. S2is Q3Sc State Skins.
fresh, specials. lsc; prime TO choice. 800
1Ic; fair to good. i2Vl4c; lower grades
5@1lc.
Eggs-Receipts were lc,oso cases. Fresh
irsts. $50 soc: frsts 5s,s@5sc: seconds
and poorer, as sec. dsrties No l. $40
S2ae, checks. good to choice. dry, Al q 4sc
kefrigerator tirsts. charges paid. .704ac:
State, Pennsylvania and nearby Western.
hennery whites extrse. re; ersts TO ex-
ira brsss, 81 . iic: gsfhered whites. irsts
10 extra iirsts, 81 q lie. Western whites
under grades, 6s@ s6c:. pullets. $50 Gee
Pacific Coast. whites. express. extra frsts
to extras. TOO nc; irsts. 65g s3c: seconds.
sections. 81 a sec. other Western ana south-
ern. gathered whites 500 CSC state
Pennsylyania and nearby. hennery browns.
extras 63 q sac, gathered brown and mixed
eolors, extras. ei@62c. firsts to extra hrsts.
50 V60c.
New-York tribune., 1920-02-12
No Guarantee of
Earnings in Rail
Bill, Bankers Say
l. c. c. Empowered Only to
Fix Rates That Should
Yield General Return of
51a Per Cent

Railroad bankers who have made a
study of the compromise railroad bill,
which now seems certain of passage by
Congress at an early date, declared
yesterday there was d popular miscon-
ception Of the clause providing for a
so-cal.ed guaranty" OF 512 per cent
on the property investment of the
roads IN certain prescribed districts CT
the country.
Careful reading of the Esch- Cum
minis measure, it was stated, will i'm
part the information that the Inter
state Commerce Commission is empow-
cred to fix rates affecting groups Of
railroads, but, If these rates are not
sufficient to bring the earnings of any
particular road up to 5l2 per cent of
IS book value, there is no recourse by
which the management can secure the
deficiency. In other words, if a road
earns only per cent on its property
glue, tnat is all it viii get
Where the earnings OF a particular
road exceed ~ per cent, the manage
nent, with the consent Of the Inter
state Commerce Comni ission, will be en-
titled TO use y per cent for additions
anI betterments, while the excess above
per cent viii be divided equally be-
tween the company and the govern
ment. The railroads half is to go into
a reserve fund while the governments
share may be used TO aid roads OF
weaker credit.
With the enormous amount of rail-
road financing that needs to be done
10 put the roads in proper physical
ccndition-t the total mas been estimated
rs high as $4,000, 900 oO0-bankers are
dubious over the prospect of being
able to raise funds in the open market
o meet any great part OF these re-
ql.rements. At any rate, it is doubtful
whether any real test will be made for
a good many months to come, in view
OF the present condition of the invest
ment market, which, bankers say, has
been killed by the onerous provisions
Of the Federal income tax law.
Since the announcement that the
House and Senate committees had
agreed on the main features of the new
railroad bill, railroad securities have
beer sold heavily on the Stock EN-
change. Liquidation for foreign ac-
count has been one of the principal
reasons for the decline in railroad
bonds. Union Pacific stock has
dropped about 10 points, while South
ern Pacific, Reading and others have
shown losses of more than 5 points.
New-York tribune., 1920-02-12
Chandler Motor
Profits Equal to
$26.9l a Share
President of Company Pre-
diets That 1920 Will Be
Its Greatest Year; Many
Parts Now Made in Plants

Net profits of $685. ,255 are reported
by the Chandler Motor Car Company
for the year ended December 81, 1918.
This is equivalent to $269l a share on
the 100000 shares of common stock Of
194,6lS, or $3l.35 a share earned on
10000 shares of stock in the preceding
year.
Iotal income for the year was placed
at S6,o53, 1888, compared with S3,052, ,769
in the year before Depreciation, etc.
of S1,200,S84 was deducted from that
amount, leaving balance Of S5,652 255
available for dividend disbursements.
Holders OF the stock received 81 .330. 600
IN dividends, against $o40.00o paid in
1918. Surplus after all charges was
$4,322 ,255, compared with Sl,354.61S in
the previous year.
In his annual report to stockholder
+. G. Chandler, president, said that
production carly in 1919 was conserva-
tive, owing to uncertain conditions fol-
lowing the war, but as conditions i'm
proved, the com pany was able to in
crease the original schedule consider
ably. But il spite of the increased
production" Mr.. Chandler declared
there was not a time during the war
that the company was able to produce a
sufficient number OF cars 20 meet the
demand.
Business came to US in large volume,
not only in our own country, but from
practically every foreign country where
embargoes did not exist. We are still
at an enviable position, and indica-
tons point to a greater demand for
Chandler cars this coming year both
IN this country and abroad than we
shall be able to supply even with the
use of increased facilities in the way
of buildings and equipment that arc
now being added to our plants
ut Will he of interest to stock
holders to know that during the pas.
few wears we have from time to time
taken over the rnanufac cture of various
parts that are used in our cars, so
that now we manufacture in our plants
the most important units that are used
in our production. Very few, if anv,
automobile manufacturers produce in
their own plants more Of their own
material than we do.
mo doubt we shall have difficulties
to contend with in the way of shortage
of materials and possibly with traffic
conditions, but in spite of these, the
management expects the company will
largely increase for the year and that
1T will have more successful and pros
porous year than any heretofore"
New-York tribune., 1920-02-12
ssNot a Cent for
Speculation y Says
I'll. E. Moehlenpah
Member Of Federal Reserve
Board Would Restrict
Loans and Limit Funds
Only to Productive Uses

DALLAS, Tex, Feb. 11.~-Financial
aid for Europe and restriction OF do
mestlc bank loans so as to dcny funds
Tor speculation wero urged to-day bv
Henry E. Moehlcnpah, member OF the
Federal Reserve board, IN an address
before tho Dallas group Of the Texas
State Bankers Association.
Americas efforts, Mr.. Moehlenpah
said, should be toward increased pro-
duction and individual economy.
Declaring that Europcs needs were
food, raw material and credit, Mr..
Moehlenpah said these must be fur
nishcd by America.
where else can our brothers get
it?" he asked. "The kind of men to
whom We shall extend credit is the
pcasantry Of France and Belgium, the
KIND of men who kept back the hordes
or Germany. These people will pay
their debts. Dare we forget them in
their extremity?"
Declaring that "thc war, financially.
has Just begun" Mr.. Moehlenpah urged
a campaign of education "to stop the
people in their debauch. their spree,
of cxtravagant living and spending.
This lesson must be put into prac-
tice, behind the counters of every
bank. Every loan should be analyzcd
and scrutinized to the end that every
dollar should count for production ard
not cent for speculation"
Although different plans to debate
credit are being advocated, the speaker
declared that increased production and
conservative regulation of credits
should be the present policy.
The Edge foreign finance law was
praised by Mr.. Moehlenpah, who also
urged entrance into the Federal Re-
serve system of eligible state banks.
New-York tribune., 1920-02-12
Urges Exporters to
Turn From Europe
John Z. Gardin Says Markets in
Other Countries Offer
Fertile Field

BUFFALO, Feb. 11.-Busness men
of America desiring foreign trade were
Urged not to concentrate their activi-
ties in Europe. but to focus their at
tention on other continents, while
bankers were advised to follow their
lead and lend them every possible as
sistance, in an address before the
American Institute of Banking here
tonight by John E. Gardin, chairman
of the board of directors of the Inter-
national Banking Corporation.
1T is only question Of time, he said, j.,
before the European demand for many
American goods is satisfied, while the
markets of other continents offer a
fertile and permanent field, if we know
how to capture and maintain it. Dur
ing 1919 shipments from America TO
other than European countries totalcd
$4,000, 100000, largely manufactured
articles. he said, indicating "the pros
pect of continued prosperity for all
time to come"
New-York tribune., 1920-02-12
Securities Listed

Securities admitted to trading on the
Stock Exchange yesterday by the gov
erning committee included S15,000O0o
twenty-fve-year 5ia per cent sinking
fund bonds Of the City of Copenhagen;
temporary certificates for 42,857 shares
of no par value stock of Loew's, Inc;
ssooo.o .ooQ additional common stock of
the United States Rubber Company;
s2,O00,oO0 cumulative 7 per cent pre-
ferred stock, $25 par, of the Hacken-
sack Water Company; S1s,445, 900 pre-
ferred stock and s2,02S,200 common of
the Atlantic Refining Company; $25,-
100000 temporary fve-year secured z
per cent convertible gold bonds of the
Consolidated Gas Company.
New-York tribune., 1920-02-12
J. C.. Brill Sales Fall
Company Earned S2O.OI q
Share on Preferred i'm 1919

Total sales of the J. G. Brill Com
pany, manufacturers of elevator cars,
for the year ended December 81, 1919,
amounted to $14.21O622, a falling off
of $2,550,533 from the preceding year
After expenses, etc, had been taken
care Of. net income was s916,S69,
equivalent to SPOOL share, 800 par,
earned on the s4.5so,ooo preferred
$1,000 u share, earned in 1918. After
dividends, etc, of $990,64o had been
deducted deficit for the year was $73,-
III, an increase of $914,9S6 over the
preceding year. When this loss had
been taken from the previous balance,
profit and loss surplus was $685., 1852.
New-York tribune., 1920-02-12
Allied Oil Company

Question--What information you give
me in connection with Allied Oil? Do they
own any wells and are they producing oil ?
If so, what is the trouble with this stock
M. A.
Answer-It was announced in Sep
tember last by the president of the AZ
lied Oil Company chat net earnings
from oil produced by the company on
the basis Of the production at that time
were at the rate of more than $4,000,000
per annum. The company owns several
wells, both OF and gas. The general
market has been depressed recently for
many reasons Oil stocks particularly
have been weak. We know of no par
ticular development affecting the AL
lied Company which should make it
weaker than any other oil stock. Divl-
dends are still being paid. The unfor
tunate part of it all is that many of
these oil companies do not issue earn
irgs statements SO that the stockhold
ers may know where they stand.
New-York tribune., 1920-02-12
Ann Arbor Railroad Ropda

Qucstion, Please let me know your opin-
t1n sna, resarding % Ann Arbor Railroad Company
a'se ~ 9o,n ,iorsRage per cent bonds, due 1896 as
II. J. r. oo anu ''teresI
Answer-While Ann Arbor's earnings
nave shown considerable improvement
over 1913, as have most Michigan
Ioads, nevertheless the first mortgage
bonds nave not enjoyed very good
market for many years. This factor
should always be considered in pur-
cnaslng securities: No doubt the in
first lien on the property. It would
appear that you could obtain the same
yield by purchasing other securities
enjoying a better market.
New-York tribune., 1920-02-12

Information

Questions OF General inesrest "a
INVESTORS un;.s s0'n 90 answsYsd IN this
co!t,1mn, coy; IN Which caso onlv IN ;niti"is is
sosu 90 used. Others wil '''ns. be- ~.
swerea s.; oy mail. Addrese ali IN.
Qutr'ea, inclosin0 stamnea nj.
@ressed o.. envelope to FinaMoial Editor
v ne lr.oane, , 154 Nassau Strest. Nsw
New-York tribune., 1920-02-12
Tho Morris Plan

Vuest'on-~Will you kindly inform me-
what you think of the Morr;, r,on f,,,, 80
'''"'en' ceptl'lcates, which pay per cent
pe' """um DO you consider these certil-
'";ra ra nm ~ absolutely safe Investment? &C. x.
ona ane MOTHS Elan Company, which has
d'e,u,eu Jiracto.a lor many years, has among it's
h,.Ireols hmsina men VINO stand high in the
pany operntes under tho supervision If
chc State Banking Department. Tho in
vestmcnt certificates pay s pcr cent in
tercst and arc to be considered good
investment eoou
New-York tribune., 1920-02-12
Unfamiliar With Investments

Question: would like little informa-
ton regarding Investments. | expect to
have money shortly from the sale of my
property and would like a little advice re-
gnrding the safe investment of it. Do you
think the Belgian bonds recently issued are
a good investment even if one would buy
The fve-year notes were listed in the circular
at 95%4 and interest, yielding Z per
cent. As l am not familiar with such
terms. will you please explain it? Also,
and Federal tax other than being included
in income tex report? II I should buy one
81 600 note Give year) would it be redeem
able at the expiration of the time at face
goes? a certain party wants M to invest
in the GIeeniock Company notes that have
jus tbeen issued What do you think of
them as investment? Have you any sug
good rate of interest? Are bonds consid,
cred better investments than preferred
stocks &c. Fl. G.
Answer-The Belgium bonds are en-
titled to consideration as an invest
ment That country is rapidly recover
ing from the effects of the war. and
she has the moral backing of the al
lied nations including the United
States. 4 yield of over per cent per
annum at the price of 95M is figured,
provided the bonds are held until ma
turity. You would receive 6 per cent
per annum plus the amortization from
are subject to all taxation in this
country The notes are TO be paid at
maturity at par in American funds.
The holder has the privilege of a call
on Belgian exchange during the life
OF the notes, emitting him to one
half the profits arising from the sale
Of Belgian exchange as follows; At
any time he may, by surrenderlng his
notes and requesting the fiscal agents
sell 1000 Belgian francs per $1,000
note at such rate as may be obtainable,
but not less favorable than II francs
per dollar (9.09 cents per franco lhls
approXimates the present rate. Upon
such sale he Will receive par and ac-
crued interest for his notes and one
half the profit on exchange (represcnt-
ing the difference between the sale
rate and the fixed rate of II francs to
the dollar), the other half of the profit
being retained for account of the Bel
gian government. The noteholdcr would
pay the customary commission not to
exceed a per cent of the principal
amount of the surrendered notes. The
Greenlock Company notes, of which
there are $5,O00,O0O issued, were sold
to acquire additional interest in at
filiated companies. There is $4,000,
600 stock of which S2,O0O,0O0 was re-
Gently sold at 1925 per share. Divi
dends have been paid on the stock
al the rate of 2S per cent per annum.
Current earnings are said to be 21s
times interest charges on the notes.
They appear to be entitled to a good
investment rating. 1t cannot be said
that any one kind of issue Of capital
is better than another. Some pre-
ferred stocks, even some common stocks
are better secured than some bonds.
Many people prefer stocks at this time
because there is no bother regarding
tax returns. The following preferred
stocks yield from 6 per cent to per
cent: United States Steel, Central
Leather, American Tobacco, National
Lead and United States Rubber.