davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-03-28
BREWER ATTACKS VALIDITY OF THE
 DRY AMENDMENT
tContinued from Page one)

may result from the destruction or i'm pairment of the value of property or oi beer heretofore lawfully manufactured. il cannot be said that there has been such taking of property or beer as requires compensation or that the resulting i'm pairment of values is unconstitutional.
 Ut is said that the amendment author ized Congress to prohibit only intoxicat-
 ing liquor, and that a beverage which does not contain largely more than one half of 1 per centum of alcohol is nos intoxicating. The contention is thai Congress, being empowered only to pro hibit intoxicating liquors, cannot by def. milton. make beverage intoxicating which is not, in fact intoxicating within the meaning of the language of the amendment"
 For this reason 1t is said the definition adopted is untrutilful and arbitrary, an6 therefore unconstitutional.
The Birmingham age-herald., 1920-03-28
POWERS OF CONGRESS

Tt Is, of course, true that Congress can not extend it's powers by giving to the language used in conferring those powers an arbitrary meaning which does not belong to it. But so long as 1t has the constitutional power to do the thing which 1t does, it may use the words em- pioyed by it for that purpase in any sense which it chooses to give them. In other words, if, in order to enforce the eight eenth amendment, it has the power to prohibit the sale or manufacture of bev- erages containing less alcohol than is necessary to render them intoxicating it lis immaterial whether 1t provides sep arately for their prohibition or accom- plishes the same thing by including them for the purpose of the act, in the defini- tion of intoxicating liquor. If, therefore for any reason, it is competent for Con- gress to prohibit such beverages as a means for securing the enforcement oi the prohibition against intoxicating liquors, the definition adopted in the Vol stead Act can not be successfully as sailed.''
 Replying to contentious that the amend ment had not been ratified properly by three-fourths of the states, owing to pro- visions in many states providing for a referendum vote upon such matters, the government asserted that ''the only meth. cd of ratification mentioned is through representatives assembled either in the legislature or in a convention called for hat p,Irpose
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Doubtful About Preferred Stock.

,0uestion-will you be good enough to
tell me your opinion OF the following stocks
and II you think small investment in
the present? Which do you think best :?
American Sumatra Tobacco preferred In
ternational Motor Truck preferred. Ameri-
can leo preferred. New York Dock pre-
ferred.--Mrs. II. H. p
Answer-The stocks you mention are
entitled to fair ratings only. While the
margin Of earnings over dividend re-
quirements in American Sumatra and
international Motor Truck is ample, yet
neither is a seasoned issue. American
Ice is in the same position New York
Dock has paid dividends on the pre-
ferred stock for some time. but the
margin of earnings over the per cent
dividends has not been large enough to
give the stock a good investment rat
ing. We point out these things in or
der that you may know just what class
of security you are considering. We do
rot know of any reason at present why
dividends should not be maintained on
all these issues. We regard the Inter
national Motor Truck preferred as the
best.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Prices Irregular
On Curb as Rally
Ends i'm Decline
Most of Industrials Barely
Hold Own i'm Depres-
sion Following Upturn;
Oils Show Resistance

An easier tone developed on the curb
market yesterday after prices had held
fairly firm through the early trading
and industrials were barely steady at
the close, with several net losses
shown. Oils displayed "a little more
resistance and several retained o part
OF the advance recorded in the mild
rally which marked forenoon opera
tions. The result was an irregular list
at the closing
While sentiment was bearish most
Of the day, professionals hesitated to
take strong position on the selling
side until late in the day, and for sew
eral hours most of the operations were
confined to evening commitments. The
fact that prices had been so far de-
pressed that it was felt that further
declines were almost impossible kept
many shorts from excrting pressure,
but after rallies had been made in sew
eral prominent Issues in moderate buy
ing pressure became noticeable In Cen
eral Asphalt, United Retail Candy. Sub
marine Boat and several of the oils.
General Asphalt got up nearly to IS
in the recovery which followed opening
weakness. Then the price eased off
again until it approached the low Of
the day, 51h. and the stock closed with
a net loss of more than point. Her
cules Paper was fairly steady. while
Aetna Explosives eased off slightly.
Indian Packing sold up to 7. while
Submarine Boat was unchanged and
United Retail Candy showed a slight
gain. New Jersey Zinc was up about a
point
Carib Syndicate failed to hold gain
Of a point and closed unchanged, Mer-
rift Oil was fractionally stronger, MID
west Refining was up a point while
Maracaibo scored an advance OF nearly
a point Simms was unchanged and
White Oil was trife weaker
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
General Motors Issues

twss uest,on-What is tho difference be-
zen common and preferred stock ana
WY WY This mornIng's paper cites Cen
deho,t Mu.ors, General Motors 6 per cent
p nrnftures Why the three and which il
PIsIerred Are all brokers reliable If man
Ders OF the Stock Exchange. or ia Il hest
We veat u1 reff nft to one? Am not in
ket first. How do you tell The best bonds3
L. q. NJ. o. '''0 oeSl oohos'
Answer-Stock represents ownership
OF corporation. Preferred stock ia al
most invariably limited as to dividcnds
IL IS prior to the common stock, both
as to dividends and as to assets, in the
event of dissolution. After preferred
STOCKS have received their full paw
ments the common stocks eniov the
rights to dividends, and whatever ia
left over after payment of preferred
STOCK in the event of dissolution. Gem
eral Motors has common, preferred
and debenture stock. The latter two
rank pari-passu, SO far as privileges
60, except that one issue Of debenture
stock receives Z per cent and the other
. per cent. New York Stock Exchange
houses must comply with strict rulings.
for that reason we believe them to be
reliable. 1t does not mean, however.
mat every such house is strong finan-
claily. The study of bonds is long
one: It IS best to read books on the
subject. A few are: "The Work of Wall
Street. by Pratt; money and Invest
mee,nts," by Montgomery Rollins. and
The Earning Power of Railroads" hv
Floyd Mundy. ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
ID. w. Griffith Shares

Gu,eTion-Will you kindly give mo your
o opnt'vn , concerning the stock Of the Ne.
CCnusy formed corporation known as D. W
GGr rirtiti Incorporated? Judging from Mr..
outrirht past record. this stock. bought
iatons mt ~ sh o~n at least be good specu-
sillties-F. c. P. p'o't"
~, Answer-We cannot attempt to saw
WnaI the future Of the new D. w
Srimth, Inc. will be. The company
mas been Incorporated with $4,000 4
snares and $4,000 B shares. Dividends
on inc A shares are to be inaugurated
q. S1'9o on January /, 1921, so it is
ss.o. both classes are to share equally
1 nv eacn has received $3.50 annually.
me earnings are estimated by the
management for the next year At over
$l,5o0'oo0, equal to more than eicht
times dividends on the Glass A prefer.
ent'ai stock. The stock is for sa]e IN
the New York curb. ''''0 "a
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Mackay Companies Earnings Lary.

e!uest!on-I own 200 shares OF the Mac
Kay Kay Companies preferred stock. which 1
h bousnt some time ago at SIS. 1t now
no ,y, around 50. Would you advise my
sell, or shall | hold 1t in hopes that it
WIZ ADVANCE? Do you consider it q safe
investment I'll. T. H
Answer The Mackay Companies
earnings were larger for the year end
ed FEBRUARY l, 1920, than for many
was earned on the preferred stock.
The price, of 60 does not, in our opin-
ION, reflect the condition Of the com
pany, but rather is in conformation to
investment conditions. We see no pres
ent reason for YOU to be concerned over
your investment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Financial Items

W. c. Langley & Co. and Blyth. Witter
Bond and Share Company $4,000 Pa
cihc Power & Light Company first lien and
general mortgage per cent bonds, duo
August /. 1880.
The Manhattan Electrical Supply Com
pany report gross sales for tho six months
ended June 80 were $3,sS5.4S7, an increase
Of $s7b.972 over the corresponding period
last year
moval of their office. rron, ~ Ws,i Sc
to Wall Street.
Marion s. Every. formerly OF J. q.
White & Company, and Thomas l. Hef.
from. Of the National City Company have
formed partnership to conduct an In
vestment security business.
=. A. NJ. Pitkin & Co. announce the open
ing OF branch in Los Angeles. in suite
20S. Van Nuys Building. under the man
agement OF F. s. Richmond.
Tho 200 per cent stock dividend on the
common and Class b common stock OF the
II. j. Reynolds Tobacco Company will bc
distributed by tho EouAable Trust Com.
pauy OF New York on August ~.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
First French Pipe
Line Be Laid by
American Interests
Atlantic, Gulf & West Indies
Behind Construction of
Havre-Paris Route and Re-
finery; Contract Let Here

interests connected with the Allan
tic, Gulf & West Indies Company, to-
g.ther with important French bank
ng interests, have completed arrange
ments to finance the construction of
teL-inch pipe line from Havre to
Paris, distance of 1872 miles, with a
capacity Of from $4,000 to co.
900 barrels day. Announcement was
made yesterday that James Stewart &
TO-, Of 80 Church Street, had been
awarded the contract to build the pipe
ine which will be the first ever laid
IN France.
The cost of the new undertaking, ac-
cordng to the terms of the contract,
will be approximately $1O,O0O,00O. A
part OF the plan calls for the construc-
Von OF storage tanks on storage
'ank farm near Havre and a refinery
Of Paris. The capacity of these tanks,
II Is said, will be about 100000 bar
'els There will also be constructed
at the French capital steel tanks hav-
ing capacity Of about 100000 bar
nis The refinery at Paris will have
an initial capacity of $4,000 barrels a
Day.
1t is expected that the new pipe
me, refinery, etc, will be completed
IA about year, when the Atlantic,
vulf & West Indies Company will be-
GIN the delivery of oil from Mexico to
havre in fourteen tankers, which have
oeen ordered and will be delivered in
.u by July l, 1921. The capacity of
.oese vessels will be approximately
10000 barrels.
The French banking interests iden-
med with the new pipe line under
.aklng are Du Point. Finland & Co.,
\ private bankers of Paris. The name
/ " the company that is to own the new
| pips line Is the Gle. Francois de Trans
0pTt des Mazouts ct Petroles. Just
| WAT the capitalization of this COM
pahy VIII be has not yet been an
nounced.
There will be, according to those
sssnversant with the plans, two other
french companies, one marketing
..acefn and the other refining COM
ssay' Inc former is to have charge
y ~ the marketing of the Atlantic, Gulf
west Indies Oil. S. A. Megath, for
n @vrly president Of the Galena Signal
vi Company will be the general man
'syr Of the new French concern.
H., me right of way for the new pipe
me Is concession of the French
H ssSefnment, obtained from the
yusmoer of Deputies, so that it will
"a. love no cost to the interests who
Js financing the enterprise. In con-
,,ueiation the French government will
ssss've royalty on the oil pumped
@rough the line.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Investment
Information

VuessSoms o. general interest 20
s"vestors WilI b amswsred In tkis
cotHmm, in which case only imistals
wtH % used. Others wilt Do an
swered bv mail. Address all ln-
9us'Ses, inclosing a stamped, od-
Gressed envelope, to Financial Editor,
xns Tribune. 164 Nassau Street, Mes
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17

WINNIPEG, Aug. 16.-Trading in
wheat futures on the Winnipeg Grain
Exchange will be resumed Wednesday
morning, it was decided at meeting
Of the grain exchange council to-day.
There will be two trading months,
October and December
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Woman Requires 7 Per Cent on Bonds

Question: have small sum Of money
to invest which l should like to place in
bonds yielding about 7 per cent Would
prefer long term arrangements. Can you
advise me to safety etc Mrs. I. b.
Answer-The yield on bonds is fig
ured as Of their being held to maturity.
Therefore, in order to receive a yearly
income of 7 per cent the due date
would not be considered. AS you desire
a long term bond we think you would
do we'll, therefore, to place your funds
in we'll secured issues which, while
not actually returning 7 per cent year
ly, will give an income close to this fig
ure, with good chances of appreciation
in price. The following are in this
class. New York Dock first per cent,
1851, price about 81, yearly return
about $50 per cent; New York Tele-
phone Az per cent, 1889, price about
75h, yearly return about per cent;
Western Union Az per cent, 1850. price
about 70, yearly return about 81 per
cent; American Telephone and Tele-
graph 5 per cent. 1916, price about u.s.,
yearly return 6.66 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Tel. & Tel. Notes Convertible

Question-Kndly give me some informa-
ton regarding American Telephone & Tele-
graph convertible gold notes due 1925.
Are these notes convertible and after
this year: also would you advise to
hold sell same now? Would like your
advice on Federal OH for long pull
]. A. McC.
Answer-American Telephone & Tel
egraph 7-year convertible per cents,
due August 1, 1925, of which there are
S48,353,624 outstanding, are convertible
at any time after August l, 1920. into
common stock at 106. We see no good
reason for selling the notes at present.
The yield is good and you might have
difficulty in replacing the investment.
We do not regard Federal Oil stock as
good investment. For speculative
purposes it may offer much We do
not advise upon such matters.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Ready for a Flyer, Wants Advice

Question Il am considering investing
some $500 in good. we'll paying tobacco
stock. Can you tell me anything about
American Tobacco and American Tobacco
B? What dividend do these stocks pay;
and are they considered speculative issues
! have over 81 900 invested in what I con-
slider good. safe and thoroughly tested
stocks-Unted States Steel preferred. I'LL
nois Central As. and Liberty 4%s, all pay
ing good dividends. l will thanx you for
any advice you can give me In regard to
my taking a little flyer In the market
W. b. s.
Answer-American Tobacco Company
declxred a quarterly dividend of per
cent, payable in per cent scrip. We
regard the stock as speculative, as it is
highly sensitive to earnings Of the
company. For the man who keeps in
touch with affairs a small amount OF
this stock might be worth considering
We make no attempt to advise regard
ing financial aviation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Toronto
n FINANCIAL
n r,UbLlC OF NICARAGUA
HI .oIERLINC LOAN OF 1000

.hUics Council OF Foreign Bondholders give
IA bar mat they will be prepared to pay off
'es WIN vh and after the 18th OF September
ksd, nsa e, OF the Funding Certificates Din
Pa int fractional Certificates) outstanding
kkoma . ,nt at per cent per annum Oess
fA!ch daa.x' TO the 18th OF September, after
4 csrtSaa.ue interest Will cease TO run.
aatss Yeates from abroad mus, be pre-
1 usis ' VI payment through London Agent
can De obtained on application.
II. JAMES p. COOPER, Secretary.
tNh H,sate Street, London, e. c. q.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17

Eou,,F FIRST NATIONAL BANK or
y Ii" 6. carroll. located at Mount Carroll,
ARA suvate OF Illinois. Is closing its af-
Y TIA ~ note holders and other creditors
.asd f o are therefore hereby no.
'or payment,
Data =. WIN. H. wILDEY. PrsndJnt
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Standard Oils
Other Oils

Sales. Open. High. Low. Last.
500 sAnglo-Am Oil 2oh 2Oh GOA 2oh
10 "Ohio Oil Co. .27s 27S 27s 27s
5000 $50 Penn on. 20 q 20 Fl
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17

Central Union Trust Company OF Now |
York has been appointed registrar OF tho |
common stock OF Superior OIL Corporation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
German Internal Bonds

Shares. Open High Low Last
10 sUnion T L 7s. e6% OF 961a 96h
1'West Elec U.s.. e7M e7% s7% s7K
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17

Shares (00Q omit.) {
$50 ~Allied Pack 6s..
! "A T & T Sc '22
10 "A a o 7hs w
80 @Armour 10 wi
] Gdrich 10 '25 wi
sGv OF Sweden 6s
] sInt Rap Tr rs.
g P-Am p 10 WI
$40 sSinclair 7h o..
~ Southern ny 6s.
~ sSw.ss Gov s As.
8 sTex Co TO nts.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Trading in Wheat Futures
At Winnipeg Begins Tomorrow

unlisted. tsells cents per share.
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

Mrs. S. A. Flaherty left on We'd
nesday noon for trip to the Twin
Cities.
Mr.. and Mrs. A. ]. Giesen enter
tanned few friends at a 500 party
last Friday night.
S. Stewart left last Thursday for
a business trip to Philadelphia. He
will be gone for about two weeks.
On Wednesday, November "a,
Middleton's Orchestra will play for a
dance at the Aromory.> adv47
For your Thanksgiving dinner
dessert, order brick of Ives Thanks
giving special ice cream. The Sugar
Bowl, phone 211.
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19
Mrs. w. J. Kohl was in Starbuck
Monday on business.

Mrs. w. J. Kohl was in Starbuck
Monday on business.
James Griffith left last Saturday
for a visit to the Twin Cities.
F. E.. Hall left on Tuesday night
for short business trip to st. Paul.
Phone or leave your city bus calls
at LaGrand Hotel. advtf.
Julius Brown, who is now located
at Redwood Falls, spent the week
end in Morris.
John Evans, agent at the North
ern Pacific station has been i'll for
number of days.
Leave orders for bus calls at Mer-
chants Hotel any time day or, night.
Griffith Bus line. adv. 45tf.
NJ. Romstad of Benson. is in Nor
ris helping his son, Alex Romstad, in
the Weum-Belverud store.
with Mrs. Carl Wollthan on Friday
afternoon, Nov. 26th.
Mrs. S. Stewart, Mrs. Guy Stewart
and daughter Dayle are spending the
week end in Minneapolis.
A word to the wise is sufficient
If you want photographs for Christ
mas have them taken now. Voss
Studio. adv.
Herbert Hanson was summoned to
serve as a juror in the term of fed
eral court held at Fergus Falls last
week. He returned to Morris on
Sunday.
Mrs VIM Brandt and Mrs. Ed
Carney will entertain at 500 party
on Monday afternoon, November %.
Cards will be played at twelve tables.
Thanksgiving decorations will be
used
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

Mrs. J. w. Harris is giving a
series of three afternoons" at her
home on 106 w. 9th st. this week.
On Tuesday afternoon thirty-six
guests were entertained at bridge, on
Thursday an equal number at 500,'
and Saturdays party will be sew
ing. The color scheme used at
all of the parties is yellow and white,
and the flowers are chrysanthemums
in these colors.
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

We are selling Hard and Soft Coal.
Have supplies today and are not pro-
fiteering on prices. Get your supply
at once if you have not already done
so. Morris City Mills. adv39-tf.
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19
CITY NEWS ITEMS
Community Calendar

Community Calendar
Friday, November 10. Carnival
for benefit Athletic Association.
High School, 1880 p. m.
Monday, November %. Fourth
Red Cross Roll Call.
Thursday, November rs. Thanks
giving Day. Legal Holiday.
Friday, November 26. Elsie Baker
Company. Lyceum Course. Or
pheum. Evening.
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

A special Thanksgiving dinner will
be served at the Merchants Hotel this
year as usual. The hours will be
from to s o'clock. Reserve your
table now. adv.
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

Big dance at the Armory. Middle,
tons famous orchestra. Wednesday
November "a. adv. =
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

Miss Alice Kruger and Miss Ruby
Rixe of Graceville called on Mrs.
VIM. Zahl and family Friday.
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

Mrs. Geo. Griffith of Graceville Wis
tied at the home of Mrs. Mary
Griffith on Monday.
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

A. o. Clave spent Tuesday in the
Twin Cities on business.
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

A son was born to Mr.. and Mrs
Charles A. Keller of the township of
Scott on Sunday, November IA.
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

Members of the st. Paul K. G.
team were in Morris on Saturday on
their way to Wahpeton, N. D., where
they organized new council on Sun
day. \ class of seventy-five was in
itiated
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

Mrs. John Kelly of Wolf Point,
Montana, who has been visiting her
parents, Mr. and Mrs. Michael Calf
ney, returned home on Monday.
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

F. L. Degendorfer and son Francis,
formerly of Devils Lake, have rented
Mrs. Julius Zahl's house on All East
5th St., and will be in Morris for the
winter.
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-11-19

Mrs. Maud McElligott of Apple
ton, who has been guest at the
home of DR.. and Mrs G. E. Caine for
ten days, returned to her home on
Tuesday.
Arizona republican., 1920-08-11
JOHN BARLEYcORN IN POLITICS
 (Washington Starr

ssOld John Barleycorn," said Uncle Bill Bottletop. reminds me of some other fellers who get into politics. A lot of people speak of him with a good deal of affection in private. but they won't come out and vote for him."
Arizona republican., 1920-08-11

 asked the count what verse he had pre- pared for the rose. The count saw through this affectionate ruse and wrote: Its life is granted for a day. it's pleasures but a moment stay" To Charlotte he handed this line about the mignonette: "Its qualities surpass it's charms" A little later he zrfarried Charlotte, and added a sprig of mig nonette to his coat-of- arms.
 Meaning of Name
 To the ancients this flower was known as reseda, which means to asuage. It was used as a sedative for pain and for reducing swellings and in flammation.
 The flower was introduced into southern France from Egypt about the eighteenth century. It became popu- lar and was known as mignonette. which signifies a little darling. The flower is now widely cultivated in France because of the fragrant per fume it yields.