davidaulloa/AmericanStories huggingface dataset:
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-08-12

from Sia to a. per cent. and fnatur-
ing az dates ranging from September
IS 1925, to June l5, ls47. The re-
dcmption date for Victory Notes Il
June Is, 1922 and the maturity date
May 20 1923. which are SO near at
hand that the notes should be consid.
cred separately in any plan for future
financing Assuming that each issue
Of Liberty Bonds will be retired on its
maturity date, an exceedingly conser-
vative assumption, then It will have
cost the taxpayers in interest and
principal payments from June is.
1921, convenient date after the in
auguration Of the Republican admin
istration), to June Is, l947, approx
imately $26,i42,000,0O0. IL the Re-
publican Congress should enact a law
refunding all those issues into single
serial issue bearing 81 per cent in
terest finally retired on June 10, i9a7,
the total cost would be about $2G, ,2s7,-
100000.
The advantages Of that conversion
would be: % The probable return Of
every Liberty Bond to par, and the
restoration Of about 81 100000. 900 10
the wealth of the bond holders. (2)
The distribution the first year among
the bond owners Of about Sl75 100000
additional interest, gradually reduced
from year TO year as the principal is
retired. ca The certainty of the alb
solute extinguishment of the Nations
war debt at the end of 26 years. I'm
der the present system il will run for
an indefinite period depending upon
various factors, such as the discretion
airy use of the sinking fund by the
Secretary of the Treasury, and the
possible refunding by Congress Of
portions of the debt
practically the only objection to
the serial method is the increased first
cost. 1t would require for the first
year approximately twice the appro-
priation for principal and interest
by the present plan, but,
with the annual reduction Of the prin-
ripal, in few years il would be
actually less then the sinking fund re-
luirements. Moreover, appropriations
for such a purpose are not resented
by the taxpayers, as every dollar
goes back to them in the
shape Of the interest and principal
payments on their bond holdings,
"Of course, tax exemption features
md other details Of such financial
egislation would have to be worked
,ut by the Congress, but it is apparent
hat il will be possible for Repub-
lean administration to enact a law
hat will restore to the millions of
,wners of Liberty Bonds the losses
hey have been compelled to endure
IS the market prices Of their holdings
AVE steadily deprecated.
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-08-12
HOW TO RESTORE
LIBERTY BONDS TO PAR

Washington, August 6-Proposing
the serial bond plan as the best meth
cd of restoring Liberty Bonds to par
the Republican Publicity Association,
through its President, Hon. Jonathan
Bourne, Jr., issues the following
statement from its Washington head
quarters:
II believe, said Senator Harding
in his speech Of acceptance, this gov
eminent should make its Liberty and
Victory bonds worth all that its pat
i-iotic citizens paid in purchasing
them There are probably 100000
bond holders in the country today, and
to them Senator Harding's statement
brings encouragement that their Sc
curities will be enhanced in value
about 81 1,5OO0OO.0OO, restoring the
loss sustained through depreciation.
The candidate implies that if he is
elected he will do his utmost 70 re-
store to par the war obligations Of the
Government.
"And it is no idle reference he has
made 70 the matter in the hope only
Of catching votes at the election BY
tbe refunding Of al the Liberty issues
into a single serial bond issue. bear
ing interest a the rate Of 81 per
cent, the market price would probably
20 Immediately 70 par, the interest
return 20 bond holders would be in
creased by from 19 70 % per cent, the
entire amount Of the bonds would be
retired by June IS, l947, the latest
date 81 any Liberty issue, and the
whole transaction would cost the Cow
ernment no more than an adherence %
tho present sinking fund method
The conspicuous advantages of
serial bonds over an issue having q
single maturity date were strikingly
- forth by former senator John "
Weeks &C sachusefts 10 an adire
Is ire senate 0n September II. I9l /
during the discussion of the Fourth
Liberty Loan Act 81 that tine BE-
demonstrated how billions " dollars
could b. saved e the taxpayers by The /
adoption 81 the serial method boz hi
mcomms1dationE were ignored By The
Administrations Il 6 not /
y; too late . secure the advantage f
= the serial system L reflnd.ng .
plan should b. adopted b. the Harding /
Administration.
-On May 5Ist there were oststand- f
ny approximately Sl58s4 0000 Of
Liberty Bonds. bearing interest ratesl
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-08-12
THE MORGAN IN COLORS

Attractive Pictures Of Nermont's Fs-
nous Equine Are Being Distribut-
ed Throughout Vermont and New
Hampshire.
Handsome lithograph pictures Of a
Morgan horse, done in colors, are be-
ing hung in public places in Vermont
and New Hampshire. This work was
executed for the Morgan Horse Club,
c. c. Stillman, president, and is a
remarkably accurate portrayal tf
Vermont's famous equine breed.
Incidentally the hanger advertise >
the forthcoming Vermont State fair,
which Is to be held at White Rive r
Junction, September 2S, %, 30 az /
October /, and where the Morgan
horse will be numerous in the best
exhibition Of the breed ever made On
the State fair grounds
The premiums in this department
S2.S4OOO In addition to
money premiums there will be five
handsome cups and the first, second
and third awards Of ribbons.
Every effort has bcen made 70 make
the Morgan horse exhibit the best
ever shown. All through the past
winter and spring months the Morgan
horse club has been active in building
up the exhibit and these efforts now
assure q most remarkable showing Of
Vermont popular and famous equine
There viii be- Morgans shown from
several states besides Vermont
The Vermont State fair gives
promise 81 being the biggest and best
ever held. Secretary Davis and his
3 stants are deyoting their entire
.ime ia completing the details q the
event
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-08-12
FLOWER SHOW

Gymnasium. August 18th.
to s. P. NJ. daylight saving time
Under the auspices Of IN,
Garden Club.
Admission Free. Tea win b,
served.
Competitive classes open only
to amateurs. Exhibition elias,
open to all.
Exhibits. received at the Gym
nasium Thursday. August 10Th
from 9 to ~, daylight saving
time.
All contestants and exhibitors
must furnish their own vases.
There will be competition in
the following classes:
Class Sweet Peas
% sprays, any color.
Glass II-Gladiolus-
6 sprays, any color.
Class III-Asters
II Asters, any color.
Glass IV-Snapdragon-
IL sprays, any color.
Class V-PhloX-
6 sprays, any color.
Class VI-Roses
Not more than 6 roses, any
variety.
Class VII-Potted Plants
Class VIII-Best collection of
Annuals. Quality of flowers
count SOC, number of vari-
eties 500.
Glass IX-Best collection of
Perennials. Quality of flow
ers to count 500. Num-
ber of varieties 500.
Class X-Vase or Basket Ar
rangementS. Quahty OF
flowers to count 500. Ar
rangement 500.
There will be awards for eX-
nibits: | foot: | to 2 feet; 2 to 4
feet high. Height to include
vase or basket. Either wild or
garden flowers.
Class XI - Children's Com
petition. Vase or basket
arrangement. Open to chill
dren under IA years. Eth
er wild or garden flowers.
For further details enquire of
Irs. Albert Reed, Miss Alice
COX. Miss Florence Taylor.
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-08-12

thirty-two hundred and fifty dollars. ="
u paid six hundred and fifty for the
rattletrap. and couldn't afford that"
he almost whimpered. You were
happy with 1t until was elected
mayor"
You forget our social position. my
denr." she purred sweetly.
He could have struck her. Hang
your social position" he gritted saw
agely. "Shut up. will you? Social
position In sawmlll town. Dam
init. sou1l drive me crazy yet" Pound
stone gnrglcd, and subsided.
The Pennington butler. a very SUI
perior person. opened the door. The
Poundstones entered. Al the entrance
10 the living room the butler an
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-08-12

A. tie ma county 9nvensgn held
at Arlington On Tue day ngft ~ the
Democratic voters ~ the county, the
following ticket agg ted for
county officers
Fsr enatau y gcebe of Dorset.
and H D Fillmore u Bennington;
for sheriff. &. r larkiH ~ Marehcs-
teri. judge of probate. =. @. Bacon -
suaaersnd FOR the north shire. and
Homer A Lyon for the south shire.
ass fant judges. J. Y. D S. Murrill II
Bcuuiurtcn. lnd J. w. Tynsa r
Arlington. and for high baiiiG Tru-
man Mattisgn n shaftsb1ry
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-08-12

-you're n0t n politics f6r your health;
- ets ret doun % brass iaeks Hos
uuch d1 y0u want % ieny the y. g. o.
nat ogly an extension % that tens
ranrf franrhTse hut also fsernlanent
f-4E1AIse uhen fler agHiy fer itgF
Ito BE- Contusedl
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-08-12

CHAPTER III while Bryce is at coll
iege John Cardigan meets with heavy
business losses and for the frst time views
the future with uncertainty.
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-08-12

CHAPTER Pioneer IA the California
redwood region, John Cardigan, al forty
seven. IL the leading citizen OF Sequ0la
owner Of mills. ships. and many acres OF
climber, a widower after three years OF
married life and father OF twO-day -old
Bryce Cardigan
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-08-12

CHAPTER II.-At fourteen Bryce makes
fhs acquaintance Of Shirley Sumner a as
1tor 70 seqloia. and his junior by a few
years. Together they visit the Valley Of
the Giants, sacred 10 John Cardigan and
mis- son as the burial place OF Bryce's
nother, and part with mutual regret
The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-08-12

CHAPTER IV.-After graduation from
college. and a trip abroad, Bryce Cardi-
gan comes home, On the train he meets
shirley Sumner on her way TO sequoia TO
make her home there with her uncle
Col Pennington. Bryce learns that his
fathers eyesight has failed and that Col
Pennington Is seeking to take advantage OF
the old mans business misfortunes.
The Washington herald., 1920-03-07
Zantzinger Reports
Weeks Transactions

n L. Morgan. sales manager for
o. B. Zantzinger, reports the fol-
lowing sales made during the past
ten days:
For d. J. Dunigan. the first house
in his new development in the
White tract, house numbered 1893
Kennedy street northwest, to Ed
ward H. Voris. for $10.500.
The first of the houses built by
Charles e. Wire on Fifteenth street
northwest extended, numbered 1905
Fifteenth street northwest, to Sam
uel Splitter; the consideration named
was $12,750.
The residence OF Mrs. Cora Wiley
was disposed of to NJ. Edwin Shee-
by: the property was number 1891
Eighteenth street northeast. and was
sold for $4,000: 4505 Fifteenth street
northwest. owned by August Grei-
sci. was sold for s10,50O, to j. H.
Maser.
The residence of J. Benson
Thomas. located at $500 First street.
Chillum Castle Heights, d. c., was
sold to William ]. Hoover, of this
city, for $4,000.
A local inYester was the pur-
chaser of a lot located on Sherman
avenue northwest, owned by Harry
A. Kite, for S2,500. This lot Is to
be improved in the near future by
the erection of a business house.
The total reaching $52,250.
The Washington herald., 1920-03-07
Start Drilling for
Oil in Maryland

with full drilling equipment on
tho scene of washington's expected
new oil field in Prince Georges
county. Md, within eight miles OF
the Capitol, the Potomac OIL and
Gas Company. Inc, plans to begin
drilling its first well within the next
ten days.
Already a number OF experienced
drillers are on the scene and It rs
expected that with the beginning
Of the work the drilling Will be
rushed. 1t is estimated that the
first we'll should be brought ip with
in ninety days.
According to the belief of Geolo-
'Tist William Olander, who is In
general charge of the drilling, oil
veins and pools from 500 to 200 feet
wide and in places from 1,S00 feet
to nearly a mile in width Will be
located.
Evidences Of oil and natural gas
in the general section have con-
vinced the leaders in the movement
that a big oil and natural gas boom
is on. and that within a compare
lively short time the Capital City
will be experiencing the first boom
in it's history.
1t is the determination of the
company's officers to Immediately
follow the drilling of the first well
with a second one. in order to prove
the possibilities of their property
within the shortest possible space
Of time.
Much interest is being shown in
the project by oil and other inves-
tors of the city. and it is believed
that with the splendid equipment
being uesd that rapid progress will
be made in the drilling.
The Washington herald., 1920-03-07

luton of the present social unrest.
Senator Calder urged real estate
men to support the home loan bank
bill. now before the Senate.
THE strength of pioneer Amer
lea was in the fact that the ma
jority owned their own homes. The
home loan bank bill will make
nearly s2.000.0OO.000 available for
construction" he stated.
The exemption of small holdings
of real estate mortgages from the
income tax was also urged as a So
luton. ''If the bill now before Con-
greSs permitting this exemption Is
passed. 1t will make real estate in
vestments more popular and will Sc
cure to- the wage-earning class the
available capital to build on their
account"
Tribute was paid to the real es-
tate profession by Senator Calder.
who stated that "the real estate
broker, together with the builder.
do more to create the cities of our
country than any other instrument
tality."
There Is said to be a world short
age of labor continued Senator
Calder, land yet sober men realize
that at least 80 per cent of the en-
ergy of labor remains unused from
day to day. Employers have been
buying time rather than buying en-
ergy, and the query uppermost In
the minds ,of employers, as well as
the advanced thinkers Of the en-
ploye group, is as to how this unex-
pended energy may be called forth
and how it may be compensated.
Experiences of the past Illuminate
the pathway of the future. Energy
has been called forth In the United
States by the acquisition OF proper
ty by workers. and this has made
America one Of the most powerful
nations.
.aThe Homestead act, which was in
its formative stages in the. forties
and finally passed in 1852, has et-
fected the development OF the
limited States more than We realize.
Through this law men were able TO
acquire property through labor; the
property had enduring value; 1t had
wealth yielding power more than
commensurate with the labor which
was expended upon 1t. The owner
shin of this property called forth
energy as wage payments never
had done. Men worked on the land
and gave it tax-paying power TO
the state: they founded families,
families founded communities, the
founded great States
and the States have made the
United States great nation.
The Washington herald., 1920-03-07
United states Housing Cerpo-
rntfon's Sales.

United states Housing Corpo-
rntfon's Sales.
Complete sale of the United States
Housing Corporations property VIII
have been made by June 80. 1870,
according to Secretary Wilson's re-
port to Congress this week. House
and vacant property sales netted
S5,003,O0O up to January 10, 1920.
Profit realized on Government ho-
tells totalled S26.0s3 up to December
81. 1919.
Building Operations show Gain.
Total building operations for the
entire country totalled approximate
Iy 1856. 900, 900 for the month OF
February. as compared to $32b.o0o,-
900 for the previous month, and
sas5. 00O. 900 for the month Of De-
cember, 1919. 1t Is quite likely that'
due to labor conditions. SLOWLY re-
gaining their normality. even
greater figures will be shown Ior
the month OF March. Housing ac-
commodations continue short. peing
offset, however. by continues
growth of residential operations.
Hedges and Middleton Sales.
The residence at 3447 Oakwood
Terrace was sold last week py Il
II. Lloyd, through Hedges and MO
dleton, to Albert G. ,Burkeland. 10
William s. Bragg was SOLD tne
property at 46 Randolph place.
George S. Craigie bought the prop
erty at 360S Rock Creek Church
road: ID. w. Rosen, the home at
1911 Florida avenue, and Jennie ..
stone the property at the southeast
corner of Second and v streets
Maury Closes Large Sales.
The brick and stone house OF the
Muncaster estate, containing sixteen
rooms and four baths. located AT
e07 Sixteenth street. was purchased
last week by the Radcliffe Chau-
tauuua Bureau, for approximately
$50 900, to be used as permanent
national headquarters for the above
named company. This move VIII
mark the fourth new location ioF
the headquarters of the Radciine
Cbautauaua, formed in 1914 by w.
I. Radcliffe. John F. Maury handied
the deal.
Another important transaction OF
The Washington herald., 1920-03-07
Fourteenth Street Store ,
Property Sold

One of the important sales Of bus
ines properties noted during the
week was that of s29 Fourteenth
street northwest, which was sold by
w. B. Tennille. to a local investor.
This property has a twenty eight
foot frontage on Fourteenth street,
and is in the heart of the down
town section.
The sale was effected by Mr.. Syl-
van ]. Luchs of the business proper
ty department of Shannon and Luchs.
realtors.
other sales effected by this firm
were as follows:
Richard Bickerton purchased
from Marion A. Judd the two-story
brick residence at 511 Third street
northeast, and will occupy the
premises n
Edward Scott purchased from Mrs.
Julia Carroll the two-family brick
apartment at 1743 North Capitol
street. The purchase was made as
an investment.
Howard E. and Ruth Valkenburg
purchased from Capt. Russell Mac
lennon, u. S. r., a modern frame
bungalow at 1908 Douglass street
northeast, and will occupy the prem
.ises.
The Washington herald., 1920-03-07
BIG INCREASE
IN BUILDING
Review of Important Cen
tiers Reveals Enormous
Undertakings.
LABOR MORE STEADY
Stimulating Factor in In
creased Operations Not
u;tbstand;no Hioh Costs.
LABOR MORE STEADY

Reviewing the building situation.
s. w. Straus. of 8. w. Straus and
Company, says:
There continues to be a marked
Increase in building operations
throughput the country. For the
month of February the total opera
tions amounted to approximately
$355, 900, 900, which Is gain of $780,
600. 900 over the month of January
and an increase of s7o.o00.000 over
the month of December.
with labor conditions through
out the United States apparently
becoming more stabilized. there is
every Indication that these gains
in the volume of new construction
will continue, and that there will
be even greater increases ouIing
the month of March. Weather con-
ditions also will be an added favor
able incentive for increased ac-
tivity.
while supplies OF building ma
terials continue to be limited at
present. the improved labor condi-
tions are stimulating production,
making il more convenient for
builders to proceed with operations.
There is still an acute and grow
ing shortage of housing accommo-
dations in every part of the coun-
try, but there is a steady improve
ment in the number of residential
operations that are being UNDER
taken and planned for the remain
der of the current year. Business
and commercial operations are also
going forward at a more rapid rate
than has been the case for several
months.
Building costs continue to move
toward higher levels but this tend
ency is apparently not interfering
with operations. Leading cities of
the country report that there Is an
unusual demand for space. partic-
ularly for buildings of the larger
types, such as manufacturing
plants. hotels, Office structures and
apartment houses"
The Washington herald., 1920-03-07
HUGE LUMBER
UNIT FORMED
Worlds Largest OrganIza-
ton Backed by Half
Billion Dollars.
OFFICE IN CHICAGO
Will Enforce Rigid Code Of
Business Ethics In the
Trade.
OFFICE IN CHICAGO

New Orleans, March 6.-Forma-
tion OF the American Lumber Asso-
citation. the largest wholesale l1m-
Der organization in the world, was
announced here tonight.
Approximately a half billion dol
lars Is behind the organization. 1t
was stated. The association Is COM
posed of leading wholesale lumber
dealers in all important cities in the
United States-many with selling
connections in all parts of the world.
The announced purposes Of the
organization are:
/. Standardization OF the buying
and distribution of the wholesale
lumber business.
9. Enforcement of a rigid code of
business ethics among lumber whole
salers.
3. Systematic distribution so that
no part of the market shall cry in
vain for lumber while other parts
of the market are glutted. and
-. Devising of means for eliminat-
ing the present enormous wastage
in the lumber, industry.
Headquarters will be established
in Chicago and operations viii be-
gin the latter part of March. Ia.
r. Putnam, of New Orleans, for
mer director of advertising and
trade extension of the Southern
Pine Association. who made the
announcement, has been named
manager of the association. L.
German, Jr. head of the Germain
Lumber Company. Pittsburg, is
president.
The new association Is patterned
after the National Bureau OF
Wholesale Lumber Distributors,
formed during the war to serve the
governments lumber needs, Put
man stated.
The association SIS designed to
perform a service for the world
in peace that was performed for
the nation in war by the National
Bureau of Wholesale Lumber Dis
tributefs," said Putnam.
The association will have no part
in the naming of lumber prices,
Putnam stated. Prices Will be
fixed by individual dealers as at
present. he said.
The Washington herald., 1920-03-07
Panhandle Earned $5.66 a
Share on Common in 1919

Net income, after the deduction
of rentals, interest. etc, OF the
Pittsburg, Cleveland. Chicago and
st. Louis Railroad Company. for the
year ended December 81. 1919. was
s4.se3,725, equivalent to $5.Ss q
share earned on the common stock.
which compares with $4.72s.s7s. or
$3.50 a share, in the preceding
year.
Compensation under the Federal
control system amounted $11.334,-
334.Os3, the same as in 1913. Other
income of $s2s.012 was added to that
amount. bringing the total to $11,-
eS3.1O5. or s4O4,s0s more than in the
year before. Rentals. taxes, inter-
est, etc., aggregated $6.96s.379s and
sinking fund and other expenses
s1,232,524. Holders of the stock
shared $3,3s2,00S in dividends. leav-
ing a $37s.1s4 surplus, an increase
of $232.61s.
The Washington herald., 1920-03-07
)IIER NEWS AND VIEWS CONCERNING
THE WASHINGTON REALTY MARKET

the week through this ONCE was
the sale of a handsome residence
to Brig. Gen. s. T. Ansell, of Bailey
and Anseli. lawyers. by Roy Neu-
houser. for approximately $3Ov00.
Thirty New Homes for Breekiand.
Thirty new homes in the vicinity
of Arkansas avenue, Twelfth and
Farragut streets, to be erected at
an approximate cost of 100000, are
the plans of Middaugh & Shannon,
now under way, building permits
having been recently secured.
Monthly Increase of Building
Permits.
Building permits for the District
for the month of February show a
total cost of s1.527,i12 or an in
crease of s454,s32 over the previous
month, as shown by the monthly re-
port of Building Inspector John
Healy.
New once Locations.
The real estate Office of J. Edward
Lewis has been moved from Penn
sylvania avenue to 912 Fifteenth
street.
The real estate Office of f. E.
Ramey has been moved from SIT
Fourteenth street to 310-311 Bond
Building. Fourteenth street and New
York avenue.
Golden Rule has reopened a real
estate Office at $50 Kellogg Building.
sansbury's Weekly Sales.
y. L. Sansbury Company. Inc, re-
port sales of housing properties for
the past week totalling 100000.