davidaulloa/AmericanStories huggingface dataset:
The Arizona copper camp., 1920-01-31

to suit fellow so he got pumped full
Of lead. Young Charles Rodgers is
taking his place on the high seat.
Here he comes now."
Madge and Ena looked at each
other slightly startled, but said moth
ing. AS the girls turned in the direc-
tion the station agent indicated they
saw boyish looking figure jump from
the street onto the station platform.
He looked still in his teens, and whis-
tied merrily as he loaded the stage and
threw the mail on the drivers seat.
"How soon does the stage go?"
Madge asked the driver.
''In about five minutes"
AS Madge and Ena climbed into the
dilapidated vehicle large, fat woman
with arms filed with packages opened
the door and said, ''Is this the stage
for Tampa?"
Upon being informed that it was,
she tossed her bundles onto the seat
and climbed in.
Charles Rodgers was anything but
looked it. He had come from Omaha
to Colorado to breathe the pure noun
tain air and "build up his cOnstitu-
tion," as he put it. He accepted the
first position offered which was clerk
ing in a store, then when Highland
Shorty got shot, young Rodgers ap-
piled for the position as stage driver
and got it. He felt little concern
about highwaymen because he was as
sured that the pay roll for the mines
would never be sent by stage again
since the highwaymen had made such
a success of it when they rode away
with the last shipment and left High
land Shorty badly wounded, so it gave
him a feeling of Importance to sit on
the high seat and crack his whip over
the four horses as they trotted along.
When the three women were inside,
the youthful driver mounted his seat
and cried, "Gid-ap" The creaky old
vehicle gave a great lunge that threw
Ena out of her seat and into the fat
woman's lap.
"That's all right; you didn't hurt me
none," said the woman of weight as
Ena Strengthened her hat and apollo
gized. Madge had caught herself and
was laughing merrily at the mix-up.
''These measly drivers are all alike, :"
said the fat woman, addressing no one
in particular. They're a careless,
good-for-nothing lot and don't think of
anybody but themselves. Just listen
to that fellow whistle; little he cares
whose neck he breaks by his careless
driving"
"But everything is all right now,"
Madge said, "and it's such grand
morning 1 can't blame him for whis-
ting. feel that way myself"
Madge Morris, the only child Of mil
The Arizona copper camp., 1920-01-31
"SEVEN LAWSFOR THE
PEDESTRIAN"

1. Do not cross street except at
the corner crossings. This applies par
ticularly to city traffic.
2. Do not fail to stop and look in
both directions for automobiles, and
listen for the warning automobile horn
before attempting to cross street.
8. Do not rush across highway
ahead of fast motor vehicle. 1t is
faster than you.
4. When in doubt, give the passing
automobile the right of way. Personal
safety is more important than pride
or pique.
5. Do not dodge across a crowded
thoroughfare between passing cars.
6. Admonish children to keep off
the highways and not to use them
as a means of travel if there is a
sidewalk.
T. Alertness, balance and caution
these are the ideal A. B. G S of the
careful pedestrian.
The Arizona copper camp., 1920-01-31
EXEMPTION FROM
income TAX FOR
DEPENDENTS IS
NOW EXPLAINED

In order to clear away misunder-
standings as to what constitutes de-
tendency, in connection with the ad-
ditional exemption granted income tax
payers, Collector of Internal Revenue
Alfred Franklin today gave out the
following statement:
For 1919 a taxpayer may be al
lowed a credit of 5000 for each per-
son for whom he is the chief support.
But it must be remembered that he
can claim this additional exemption
only with respect to children seven
teen years of age or younger and per-
sons mentally defective, cripples, and
persons old enough to be without
question physically incapacitated for
self-support.
If the taxpayer contributes to the
support of some relative or other per-
son who is over eighteen years of
age in fair health, and still active, he
cannot be allowed the additional 5000
even if he is furnishing the chief sup
port.
The very different requirements of
the two exemptions (''head of a fam
ily'' additional $1,000, dependent" ad-
ditional 5000 must not be confused.
To be the ''head of family" the per-
son whom he supports must be
close relative, must live with him, and
he must be such relatives sole sup
port To be entitled to exemption for
Dependent" the person whom he sup
ports does not have to be relative,
but can be any child or any cripple
or defective; the child or incapacitated
adult may live anywhere; and it is
than half of the support.
The chief difference is that for
"head Of family" the restriction is
to close relatives, the evident object
of which is to promote the home; for
dependent" the restriction is to chill
dren under eighteen years of age or
pCIOOAo nClACdA1y VI puy oACoAAy OOAOC-
tive, the object of which is to recog-
nize material assistance given to those
who cannot help themselves.
A son, who has left home, but who
still sends to his mother more than
half of her support with enough regu-
larity that she may depend upon it,
can be allowed the additional 5000;
provided, however, that the mother
has become sufficiently aged to be
without doubt physically incapacitat-
ed for self-support. Otherwise, r the
amount contributed must be consid-
cred as a gift, not deductible as an
expense and not emitting him to the
additional exemption regardless of
amount.
A father may claim the exemption
for every child under eighteen years
of age. But if one of his children re-
ceives, from some estate or other
wise, sufficient distributed income to
provide for the expense of his support
in the station of life in which he is
placed, the father cannot claim the
exemption with respect to that child,
for, although the child is legally de-
pendent upon him he is in fact finan-
cially independent
The Arizona copper camp., 1920-01-31
"TEN COMMANDMENTS FOR THE
+ MOTORIST"

1. Don'tf orgett slow down at
street intersections. 1t may save a
human life,
2. Don't forget to look to the right
and left before passing a railroad
crossing.
8. Don't forget, when signaled by
a vehicle in your rear, to turn slightly
to the right and allow such vehicle to
pass you on your left:
4. Don't forget the pedestrians
They, too, have rights on the streets
and highways.
5. Don't forget to use extra precau
tions when you see a child crossing q
highway.
g. Don't forget that in case of acci
dent you must stop Immediately and
give your name, address, and license
number to thei injured party or an
officer. If no officer is in the vicinity
report to the nearest police station OF
judicial officer.
z. Don't forget that all motor We
hicles must be equipped with adequate
brakes in good working order and ade
quate horns or other signaling devices
8. Don't forget that your lights must
be lit within half an hour after sun
set.
9. Don't forget that Safety First
saves life and limb and often your
temper.
10. Remember the A. B, c. of mo-
toring-Always Be Careful.
The Arizona copper camp., 1920-01-31

word to use. People read such things
and wonder if in some way or other,
similar financial lightning might strike
them. In consequence they listen to
the voice of the get-rich-quick" 81
rens and generally lose all that they
put up.
1t is things like that which stimu-
late the gambling spirit in US, that
bring into the stock market when
prices go up fast hundreds of thou
sands of spectators who want to take
a chance, that is they yield to the
gambling spirit.
This, of course, is not an isolated in-
stance of huge profits from a small in
vestment in the last five years. Many
The Arizona copper camp., 1920-01-31

Of them came in securities not listed
on any stock exchange and largely
because of the war. Nevertheless, the
average man can rest assured that if
The Arizona copper camp., 1920-01-31

one such windfall comes to him in
lifetime, he has done better than his
neighbors, in fact, has been one of
the chosen few of fortunes favorites.
New-York tribune., 1920-02-07
Finds Tax Policies
Promote Inefficiencv

The tax policies of the Federal gov
ernment have not tended TO promote
either governmental or individ uaf
economy or even efficiency. charges
the savings bank section of the Ameei-
can Bankers Association in state
ment issued last night. 1t is declared
that the practice of fostering the mar
ket for rax-exempt securities has
worked seriously against taxable loans
required for the reestsblishment OF
the industries upon which the coun-
try's prosperity depends.
Governmental sponsorship OF tax
exempt securities, 1t IS also charged
by the savings bank section, is exert.
ing powerful influence toward gov
ernment ownership not only of trans
poEtation but of other industr -
which offer only moderate profits aAd
which cannot be refinanced on a high
interest basis without being charged
with profteerins.
The huge total ot American tax
exemptions may be demonstrated.
according to the savings banks, Dy
reference TO the direct losses Of pub
lie revenue by the decreased value -
taxable securities and by the practices
and experiences of foreign countries.
New-York tribune., 1920-02-07
Wheeling & Lake Eria

Question-Please give me some Informal
Ton as to the financial standing of Wheeling
& Lake Erie: and has it ever paid a dividcnd
on its common stock? Compared to other
railroads. are its assets sound III. r. s.
- .Answer-The Wheeling & Lake Erie
Railway Company is the successor 70
tire Wheeling & Lake Erie Railroad
company, which was sold under fore
closure on October 80, 1916, and bid in
nyy representatives Of the bondholders.
me present company has s16,5OO. 900
outstanding in bonds and notes and
so,ooo,ooo in equipment obligations and
receivers certificates. Stock outstand-
ing IS as follows: S11,882,60O of per
cent cumulative convertible prior lien:
Sl0,2O9,967 Of s per cent non-cumula,
tive convertible preferred. and sag
ooo,9o9 common. The government
guarantee amounts to $1,586,O37. The
net operating income for seven months
OF 1919 was $655 900, against $320492
tor the like period in 1918. The frst
three months of 1919 showed q deficit
OF some 1870, 900, so the increase repre-
sents much Improvement. The govern
ment guarantee for this period is
S925,l9O. Needless to say, nothing is
beng earned at present on the stocks.
No dividends have ever been paid on
any OF the issues of the new company.
ne road has main track of but 354
miles, with branches Of 1876 miles. The
main line runs from Toledo to Terminal
Junction, Ohio, and from Cleveland to
GAINESVILLE, Ohio.
New-York tribune., 1920-02-07
Hard to Determine Value

Question: have little money that I
want to invest in stocks and want your
advice. How can l tell when a stock Is
worth the price il is being sold for? Take
Pennsylvania Railroad at 49, What is it
worth on the books of the company? Take
Coca-Cola at 50: what is that actually
worth? Can | procure statements that will
give me the above information ?-R. A.
Answer-It is difficult to determine
the worth Of stock. In figuring the
assets applicable to an issue good will
is SO often included that the result is
frequently unsatis factory. Many cor
porations, recently formed, have issued
an amount Of stock largely in excess of
the real value of the property. Earning
power is a large factor, probably the
largest, so far as the speculative fea-
lures are concerned. Coca Cola, for
instance, for the period from Septem-
Der II to December 81, 1919, earned net
S1.49 on the common stock. Pennsyl-
vania Railroad stock is actually earn
ing nothing at present, yet the stock
calls for $42 q share. An appraisal of
the property would be necessary to
determine the value for the stock, and
even then this would be most unsatis-
factory, for if earnings are nil the
stock assumes In reality pros
pective value. In the case Of most rail-
road stocks the speculation lies in what
legislation will be enacted. You might
procure statements Of these companies,
but we doubt your being able to abtain
much satisfaction therefrom.
New-York tribune., 1920-02-07
Getting Suspicious

49,. Questions-Please give me your opin,on
9o1ut North American Fiscal Corporation
hawa nave t,t tslsty,five shares, 81 par value and
naye taken 100 more on nine months in
etailment plan. OF course, | bought Il m
specuiation.. but now / think I have hcen
~ piaceo on the suckers list. as l hear Of M
oai coming in. l inclose some Of the ltara~
lure nave received.--H B.
Answer-Thc president Of tho North
american l.n1. Fiscal Corporation sits up
most of the night gctting out letter
TO stockholders telling them about tho
wells being brought in by other COM
panies on neirhborine leases. from from
which he concludes that, "if we keen
on drilling we will get ours and it wifi
pay US big" If we owned any Of tho
STOCK the receipt Of this letter would
pr probably cause US loss of sleep also.
Inns may be. as the president OF the
North American Fiscal Corporation
states, your last chance" to buv stock
az 81 share, or may be your last
chance at any price," but it does not
seem to US there is anything disturbing
IN TINS fact. If the company "strikes
1t big" your shares "may be worth anv.
where from IS to $50 a share in thirtv
days. but at the present time they
would seem to represent nothing more
than prospect
New-York tribune., 1920-02-07
Directors Vote
Capital Increases
General Electric and Western
Electric to Raise Capital
for Expansion

Increases in the capital stocks of the
Western Electric Company and the
General Electric Company have been
recommended by the directors of both
corporations In order to raise addi
tional working capital for their cx-
panding business.
Stockholders of the Western Electric
Company will be asked to vote Febru-
ary 19 on plan to increase the author
ized common share capital from 10000
shares of no par value to 100000
shares, and to authorize an issue of
$50,O00,000 cumulative per cent pre-
ferred stock, which is intended to re-
deem the present outstanding per
cent preferred stock.
A circular to stockholders states
that the new financing will provide for
taking up the s18,000000 floating debt
of the company and will provide addi-
tional funds for expanding its bus-
ness. Of the proposed issue Of $780,
fered for subscription in the near
future. Present common stockholders
will have the right to subscribe to the
new common at $3.50 share in the
ratio of 1-3 shares for every share
now held.
In the event that the capital read
justment plan is approved S35,000,000
of the new z per cent preferred stock
will be issued. This will provide for
the retirement Of the present issue of
$30,O0o.000 per cent preferred at $120
share and accrued dividends.
Directors of the General Electric
Company meeting in Boston yesterday
voted to call special meeting Of stock
holders on March 16 at Schenectady to
act on an increase in the capital stock
from $125,O00,000 to s175,000,000. 1t
is understood that the new stock will
be offered to stockholders at par on
pro rata basis.
The board also authorized the
issuance of s150O0,00O twenty-year 8
per cent debenture bonds to provide
funds for meeting q similar amount of
notes maturing July / next. The notes
are being offered through syndicate
headed by j. P. Morgan & Co.
and Lee, Higginson & Co at 9s1n to
yielo 61a per cent The subscription
books will b, formally opened next
Monday morning.
The bonds will be dated February
/, 1920, and will fall due February /,
1910. They are being issued in de-
nominations Of $780, $500 and $1,000.
In the circuar of the bankers it is
stated that General Electric Company's
net income in 1919 amounted to ap-
proximately S38,685,000, or more than
sixteen times the total interest
charges. Total sales last year were
$3.50. .75OO1O. a record.
New-York tribune., 1920-02-07
Financial Items

Tho Columbia Trust Company OF He~
York announces that henceforth It's Har-
lem Branch will open Saturday evenings
from TO 1880 to receive deposits.
Notice has been received By the M
York Stock Exchange from the AJAX Rub
Der Company OF proposed increase In
capital stock from 100000 TO $4,000
GOO.
L. n Gull has purchased the New yor!z
Coffee and Sugar Exchange membership
OF George E. Lafaurie for $500 a dec as
of $500 from the last previous sale.
Denver & Rio Grande Railroad Cornpa ny
has declared the semi annual interest o.
3is per cent on the adjustment income
mortgage 7s payable April /. 1920.
Shattuck Arizona Copper Company ne
ports production for January of 3is. $40
pounds of copper. 74o.595 pounds OF lesd
s.2s9 ounces CT silver and s.454 ounces OF
gold.
Guaranty Trust Company OF New York
has been appointed trustee under a mort
gage dated January IS. 1920, given by
the Elder Steel Steamship Company. Inc
to secure an authorized issue of s2l5Ot CO.
par value first mortgage serial per { AZ
gold bonds. The company also will rrris-
ter as TO issuance Elder Steamship Con
pany serial per cent gold notes. a.
which the authorized amount is $500 coo
par value.
New-York tribune., 1920-02-07
Commodities
Cotton

Continued nervousness over foreign
srade prospects was renected N IN 'ne u IN
yesterday. After the big break earlier
IN the week there was a good deal of COW
ering. but buying OF that sort was stimu-
lated during the earlier trading by the
rally in foreign exchange rates Demand
did not broaden sufficiently to suggest any
real revival OF confidence, however, and
early advances were followed by a sharp
break owing to renewed weakness in ster-
ling and reports OF increased spot offer
ings in the Southwest. Another wave of
covering caused rallies during the middle
New Orleans selling later and the close
was easy net 10 points lower to / point
higher. The fluctuations at times were vio-
lent The carly advance carried May con-
tracts up to 32.S0c. Later they sold off
to 31.s7c.. advanced to S2.62c. and closed
OF Is points to an advance of "a points
There was heavy buying by houses with
Liverpool connections, probably reflect
ing further reduction @ in the straddle II.
recent local and Wall Street sellers, which
sent prices some 35 to 45 points net higher
before the end Of the first hour. After
doubtless A disappointment to recent buy
ers for reaction. At any rate long cot
ton, ton began to come ,,, out, With the selling
cline In sterling, and prices broke some
80 to SO points below Thursdays closing
nsureS. Almost eQuaiiy sHa!p raliies to!-
lowed on any wave OF covering, but were
not maintained and the market was still
very nervous at the close.
Private cables received here from Liv-
erpool said that owing to the large stocks
OF cotton available and the extra cost of
importation there might be temporary
withdrawal of demand. but predicted that
England's purchases would be fully equal
to the productive capacity OF the British
mills. According to press advices one
shipment Of 5000 bales has actually been
made from England with q view to re-
selling the cotton in this country, but il
still seemed tho general feeling yesterday
that no large amount OF cotton was likely
to be returned. Southern spot markets Of
hc!ally were UNCHANGED to so points lower
with a small amount of business.
The local spot market was quiet and
unchanged at 37.S0c for middling upland
No sales were reported.
The range OF prices follows:
New-York tribune., 1920-02-07
Wide Distribution
OF Franc Internal
Bonds Is Planned
Price of Offering Here
Will Be Determined by
Closing Rate of Ex.
change the Preceding Dav

The Ministry Of Finance Of Franco
is making plans for wide distribution
throughout the United States ~ tba
new franc internal bonds. M. de
Neuf1ize, representative Of the Rank
OF France, and members of the French
Financial Commission, an official
agency, yesterday conferred with lead
ing investment bankers on methods of
creating effective selling machinery.
Either the existing branches of in
vestment houses or improvised agencies
created for the campaign will stimulate
the placing of the bonds in all the
large cities Of the country, if the
present pins are carried out, and
bankers have recommended an ex
tensive publicity and advertising drive
1t is understood that an attempt will
be made to have the bonds listed on
the New York Stock Exchange.
The price Of the bonds, which, be-
ginning on February 10, will be Of
fered in denomination of 100 francs at
par in France, will be determined in
the United States by the closing rate
day before the sale. and will huctuate
from day to day. Subscriptions books
on the other side will be closed on
March 30. The bonds, bearing per
cent interest, are to be reedemed Z at
l50 within sixty days, and the time of
redemption is to be determined by
semi-annual drawings in September
and March.
In order to put the bonds virtually
on the same level Of safety with ex-
ternal bonds Of France, the French
government, according to bankers here,
has agreed to make these bonds which
are in the hands of foreign owners
exempt from any capital levies which
may be made in the future. Bankers
identified with French financing again
insisted that no Ameriran syndicate
would be formed to underwrite a block
of these bonds, but said that the
French treasury would appoint the in
dividual investment houses to act as
its agents at small rate Of commits
sion.
No limit has been fixed to the num-
ber Of bonds that will be offered with
in France, and none to the quantity
that will be offered in this country.
The French government, finding it
difficult to have large external loans
foated in the United States, has been
working out this aplan for several
months, and, through the French High
Commission, has been issuing to
bankers in this country fortnightly for
several months bulletins regarding
French financial conditions.
New-York tribune., 1920-02-07
Unlisted. fSells cents per share.
Brooklyn Edison's Year
Earned slO.43 a Share ON
Capital Stock in 1919

Inc Brooklyn Edison Company, Inc,
4ro'fm1erly the Kings County Electric
1lght Power Company, for the year
ended December 81, 1919, showed
surplus after charges and taxes of
si,eoe4l3, equivalent to $1O.43 a share,
slVo par, earned on the $17,306,3O0
SapItal stock, compared with 81 593 $50,
W IVA share, on the $17,237 900 out
sanding stock in 1918.
1ross revenue in 1919 amounted to
|lV'ooo,ll4, an increase of $1,995,812
over the preceding year. After ex-
pfhses, taxes, etc, of $7,499,102 had
.e .een taken care of, net revnue was
S'S5l,ol2, or s659,l56 greater than in
.ae year before. Contingency reserve
o. s4Se,l5o and interest and discounts
VI sl'oSS,4 ,449 were deducted from that
1nm:ount, leaving q S1,806,413 surplus.
DN'oends, etc, aggregated 81 ,4S8 ,4O6,
decline of S7,344 from the previous
year After all charges nnal surplus
vas s264,s55.
In his report to stockholders N. F.
sT, orady, chairman of the board, said:
1ne company, owing to the readjust-
aN aents following the period Of war, met,
su.'ng the past year, with many diff
ssaI'ies and problems, all of which,
however, were successfully solved. Ma
.etlals and supplies were very high
priced and frequently hard to obtain
"a sufficient quantities. Coal, the
source of all electric current produced
ana next to wages the largest single
zen Of expense, was obtained only at
greatly enlarged cost and even then
vas Of an inferior quality. The rate
" wages was largely increased and
ssssached q the highest mark ever paid by
Me company.
The outlook for 1920 is promising,
.a .na unless developments unforeseen at
sais time occur the results should
ssovs to be very satisfactory"
New-York tribune., 1920-02-07
Meat Output in 1919
Worth $4,000. 900. 900

CHICAGO, Feb. 6.--Total output Of
the meat packing industry in the
United States for 1919 was estimated
at more chan $5,o00,0oo. 1000 in state
ment given out to-day by the Institute
mate was based on annual reports Of
more than 500 packing companies
which operate under federal inspection.
Profit throughout the industry aver
aged not more than a cent and a hall
on each dollar Of sales. the report
estimated.
New-York tribune., 1920-02-07
Foreign Trade Corporation to-
Offer $4,000 Shares of Stock

Stockholders Of the Amerioan
Foreign Trade Corporation have ap-
proved the issuance Of 435,000 shares
of common stock to be offered ia
present stockholders at 81 q share n
the proportion Of three for one The
rights accrue to holders Of record
February and expire March S.