davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-11-27
Wants His Money in June

Question: have a rather interesting
question which | have been unable to solve.
cash which 1 will not need until next
June. At that time I expect to start
building and will need the So 900. How
can use 1T to the best advantage between
now ard June ?-E. ~ NJ.
Answer-The safest way Of using
your money between now and June
would be to purchase United States
Treasury certificates of Indebtedness,
maturing June 1, but your rate of in
terest would only be between per cent
and Az per cent. Almost as safe, how
ever, would be purchase of one of
the railroad equipment trust certif-
Gates, maturing about June l. We sug-
gest Chicago G. North Western, series
A, Az per cent equipment trusts, due
July /, 1922. 1t would sell in June at
within fraction of par.
New-York tribune., 1921-11-27
Definitions of Some Bond Terms

Question-Would you kindly advise me
as to the safety of the following securi-
ties? Brooklyn Edison general Sc. Series
,; 1890; New. York Central collateral Is,
1890; Great Northern. Series A, Is, 1895 !;
PENNSYLVANIA gold 6Hn, 1885; New York
Telephone 61es. twenty years, and Stand
ard Oh! Of California 6,as. twenty years
The last two named arc not out yet. What
is the meaning OF these bond terms Col
gen.. deb. ref I man sixty years
old and have $4,000 to invest, and that
will be my sole source OF income. Any
advice that you will give me concerning
the investment of it will be thankfully
received.--J. F. c.
Answer-Your proposed investment
is high grade and we would find it
difficult to suggest anything better.
"Col." stands for collateral and means
that the New York Central bonds, for
instance, are secured by the deposit of
various bonds and stock as collateral.
We consider the security ample.
Gen" means general mortgage, which
means that there are some prior lien
bonds outstanding in the case of the
Brooklyn Edison, but in some cases
the prior lien bonds have been called
or paid off as in the case of the Atchl-
son general as, where this mortgage
has now become an absolutely first
mortgage on a large mileage. "Deb.n
stands for debenture, and means that
the bonds are direct obligation Of
the company, that is promise to pay,
but are not secured specifically by a
mortgage on any one or more pieces
of property. "Ref." stands for refund
ing; and generally implies that an is
sue Of bonds was sold to refund ma
turing bonds.
New-York tribune., 1921-11-27

majority of cases, even if wrong in
some one or two cases. The list of
bonds that you name are all high
grade and meet your needs admirably.
Notwithstanding your experience with
ST. Paul, there arc preferred stocks
that are suitable investments for you
and are free of the normal income
taxes. We suggest American Locomo-
tive preferred, American Car and
Foundry preferred, Standard Oil of
New Jersey preferred and Union Tank
Car preferred. The yield on these
preferred stocks, except the Union
Tank Car preferred. The yield on
these preferred stocks, except the
Union Tank Car, is about the same as
that on your Northwestern Bell Tele-
phone bonds, or is less; but you must
remember the difference in taxes and
the real safety in diversity.
New-York tribune., 1921-11-27
Not Suitable

Queston--1n. your opinion, are the bonds
as per enclosed advertisement safe invest
$500? have $1,000 in Liberty bonds
cannot AFFORD TO lose.--J. B.
Answer--We think that the State
OF Rio Grande do Sui per cent bonds
are good business mans investment,
or possibly deserve somewhat higher
rating than this. but we do not think
that they are a suitable investment
TOR clerical worker with just $500.
IN our opinion you would do better to
Day n per cent bond of the United
Mngdom OF Great Britain, due 1897,
and recently selling at 81. The differ
ence on $500 Investment in the
amount received as interest each wear
Is comparatively small sum. while
sne security of the English bond is
more the character Of security that
you ought to seek, we think.
New-York tribune., 1921-11-27
Public Service Corporation 81 81 .

question: am considering Investing
n "a .ne Fasolic Service Corporation OF New
Jersey ,s.y and kindly seek your advice as TO
wwnssner tne per cent general mortgage
nonas or per cent cumulative preferred
stock ls the best to invest in. Also What
STANDS ssta, back OF either to safeguard the In
Answer Public Service Corporation
OF New Jersey general mortgage s per
cent bonds, due 1869, pay interest April
] and October !, and are secured by
a mortgage on all the property Of the
company subject to sis. .lSo .2S5 prior
lien securities. We think they are a
good Investment, and much safer in
veStment than the cumulative preferred
stock, which, in the last analysis. ID
dependent for dividends on earnings.
New-York tribune., 1921-11-27
That $3.50 May Make Difference

Question-Tha American Smelling Com
pany offers first mortgage 5 per cent in
exchange for preferred 6 per cent A cumu-
lative stock, par for par. Would you
class this as an attractive proposition for
one who keeps In touch with earnings and
prospects OF his investments and to whom
a temporary suspension of dividends of this
particular stock would cause no worry?
Also / incline to the belief that all OF
the preferred A will be called in 1890 and
that bonds of equal value and interest
rAtn will probably be obtainabe at that
time at or about par. But it Is because
may be overlooking an advantage to
myself in the exchange that ] ask your
esteemed opinion. hold ninety eight
shares.--A. r. w.
Answer-We are inclined to think
that your reasoning is sound and that
man in your position can afford to
hold the American Smelling Securi-
ties preferred A stock, but do you know
that A stockholders get $3.50 cash per
share exchanged?
New-York tribune., 1921-11-27

If you really wish safety first you
should sell all Of your unfortunate"
(speculative) investments, and also both
classes Of Rock Island preferred. You
desire to purchase fixed assured in
fluctuations @ t " in IAN market s' Affected feet by by
guesses as to future, earnings. One
thing, however, should be said about
your ST. Paul preferred. 1t was re-
garded, and rightly regarded, as an
investment when you bought it at
1888. What has taken place in st.
Paul affairs illustrates perfectly why
investors desire diversity.
guard against loss through some
great change in the conditions sur
rounding company, and they there
fore spread the risk over large num-
Der Of investments, knowing that their
Judgment will prove right in the great
New-York tribune., 1921-11-27
japanese Porcelain Depression

Commenting on the porcelain in
dustry OF Aichi Prefecture, Japan, a
translated article from the "Nagoya
Shin-Aichi Shimbun,' forwarded by
Consul II. F. Hawley, states that very
few orders for porcelain products were
received during the spring and sum
nier from foreign buyers, who usually
place many Christmas orders from
April to July. A more or less general
practice of economy since the war and
competition with German goods are
given as reasons for this decline in the
porcelain trade. Aichi is the leading
prefecture in the production OF porce-
IAN IN Japan, exports from Nagoya in
lszo amounting to about $7.500,0O0 in
New-York tribune., 1921-11-27
American Car and Foundry

Question: am seriously thinking Of put
ting few hundred dollars In American
Car anil Foundry stock VIII you kindly
give me dividend rates Of this stock for
past five years or 30? What s the pros
pcct for it's getting back to 1925 Nv. C. s.
Answer-We think that American
Car and Foundry common, though a
strong issue, involves the speculative
Foundry preferred, which presumably
is what you mean, is a good invest
ment. 1t has paid dividends Of z per
cent regularly since 1899.
New-York tribune., 1921-11-27
Investment information

Qnestions of general ixtsyest to IN
restore seili be answered in 8hit col.
u,sn, i1 spAicA case enlt imitidis wil,
bs used. Others Will be aMswt red BY
tnai!. Address all inqWiYtss. incios.
.se stamped, addressed enveiope, to
Fsmasrsul Editor. The 7'ribaas, ls4
.Nssssua Street, Nrao York City.
New-York tribune., 1921-11-27
Suitable Investments

Question: inclose a list of investment
which l have made. am sixtysix years
or age, we'll and active, and have an in
come from my profession considerably in
excess of living expenses Have wife and
'wo aeesnaen5 o1 Shdren tesl the i'm
maintenance OF dependent ones when my
earning capacity ceases Would you ad-
v,se any ny change In my holdings looking to
hold what | have until later, taking ad
,ai, vantage @ of probable Increased selling
value Your advice will be appreciated.
would also like to have your opinion
of the BATHURST Lumber Company TX
per cent bond as an investment. List Of
ertv bonds s0oo second and fourth Lib
Alberta 1880. 6 per cent; 50, 600 du pont
dc Nemours. 1881, TX per cent; $1,000
RaGsa re1snbons 1aso per
common stock; $4,000 r. w Woolworth
common stock; $500 National Bank stock,
bank D. aHo value sl.20o, paying 6 per cent;
S2,OO0 National Bank stock bank value
$500 per share for This bank stock5; @ $500 500
pat esn Fo9a 1so fhompany hsn stock S" paving per
At about $1,000 and $500 Ho IN Other xAlusd rea1
estate; $4,000 life insurance.. J. r.
Answer = The Bathurst Company,
Limited, twenty-year first convertible
7Rs are secured by a first mortgage
on on all the property of the company.
Ing property cohslSts OF plants, ma
chinery, freehold and leasehold lands,
water power, timber leases, etc. Lum-
Der companies manufacturing pulp
wood and pulp have been adversely
affected by postwar conditions, and
yca should obtain. if possible, from
the company recent earnings state
ment. The bonds appear, however, to
be good investment. You know more
than we do. presumably, about the two
natioanl bank stocks which you hold
and the Pratt Food Company. Ameri-
can Telephone and Telegraph is an in
vestment, in our opinion, but F. w.
Woolworth common stock contains an
element of speculation. Your other
investments are entirely suitable for
your purposes. we think.
New-York tribune., 1921-11-27
Virginia Carolina Chemical

Question: would appreciate your opin-
ION or Virginia Carolina Chemical pre-
Tered. / purchased thirteen shares at OF
last January / noticed by your answers
70 investors you spoke highly OF 1t at
times in your Investment column. because
OF its dividend record. The directors said
when they passed the dividend that it be,ny
cumulative back dividends would be paid
with legal interest. Would you advise
holding it or selling it? Please give any
information You can of this stock 10 yoa
think the dividends viii be all paid w. C.
Answer-We would advise you to
hold your Virginia Carolina Chemical
preferred stock. Agricultural imple-
ment manufacturers and fertilizer
manufacturers have been harder hit
than was generally thought possible,
but the Virginia. Carolina Chemical is
a strong company and we think in the
long run the back dividends will be
paid. 1t might. however, be two or
three years before dividends are paid
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1921-03-24
In Memory Of Rev. ]. F. EIIer.
Hickory, N. G.

Rev. j. F. Eller was born in
Ashe county, N. c., Nov. II, 1857;
professed religion and joined the
Mount Zion church in the same
county in 1877, the year in which
he was married toZylphia Greer.
A little later he in company with
his fathers family, movedto Bea.
YER Dam, in Watauga county.
Not long after this, he and his
uncle, David Eller, aided by 9th.
ers, built up a congregation on
North Fork of Cove Creek, out of
which they constituted the Un.
ion Baptist church, he going in
to this church as one of it's char
ter members.
Soon after, that is to say, on
May |, 1886, he was ordained to
the full work of the gospel min.
istry, by order of the above nam
ed church. A few years later he
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1921-03-24
Notice Of Sale Of Town Prorerty.

North Carolina, Watauga County.
BY virtue of an order of the
board of county commissioners
of Watauga county, | will sell at
public auction at the court house
door in Boone, N. c., on March
q, 1921, to the highest bidder
for cash, a lot 30 feet wide front
ing on Jail street and running
back to the west side of the jail
lot, and adjoining the lot now
owned by r. f. Lovill. | will also
offer for sale - feet of the said
lot adjoining the lot owned by E.
f. LOvill, and if the % feet brings
a higher price per front foot,
then the bid for the 30 feet will
be rejected and a deed for the
II feet will be made to the pur.
chaser. But if the bid for the 30
feet is greater per front foot
than that offered for the - feet,
then the bid for the II feet will
be rejected and deed made to
rchaser for the 30 feet. The
said sale will be made at the hour
of one o'clock, p. M, on said date.
This March Z, 1921.
G. W. ROBBINS,
Chm. Bd. Co. CONS.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1921-03-24

removed his membership to For
est Grove church. where he re-.
manned a member to the time of
his death.
Soon after his ordination his
services as pastor of churches
began to BE in demand, and thru
the intervening years to the time
of his death, he was, at some
time, pastor of almost every
church in the Three Forks Asso.
ciation, as we'll as q number of
churches in Avery county and
Johnson county, Tenn.
About Jan. 1920, he was at.
tackled by a severe case of pnen.
monia from which he practically
recovered. His health was so Sc
riously impaired by this illness
that it soon began to affect h i S
mental powers, so much so that
it became necessary to remove
him to the State Hospital at Nor.
canton for treatment, where he
gradually grew worse until on
the Goth of Nov, 1920, he was re-
lieved of all his mental and phys
ical sutferings,
Brother Eller had little advan-
tages of an education, having
grown up about the time of the
Civil War, but by his
constant reading and study he
became a man and preacher of
liberal information. Few of his
fellow preachers had a better
grasp of the scriptures than he.
He, was a constant student of the
Old Book, and a good and safe
interpreter of the same. In addi.
ton to this he kept himself we'll
informed as to the activities of
his denomination.
He was a man and preacher of
strong convictions, and if, per
chance, at any time, he was not
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1921-03-24

chieved opening up this great
trans mountain section to the en-
tire state and to the world.
We believe the facts will be rec.
ognized and as a result at the
next session a change in our leg
islative policy will be effected.
This state is now leading the
South in much, and the world in
quite a few things industrial. 1t
is a matter of some public impor.
tance to know that Governor
Morrison has gone on record for
yet greater things. and while
the last legislature was not per.
feet, yet when it's actions shall
emerge into public view, it will
take it's place in history as one OF
the greatest in North Carolina
annals.
E. L. SHUFORD.
Hickory, N. G.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1921-03-24
More Than FIowery Praise.

One of the best things the leg
islature did was to provide a
million dollars for the Confeder.
ate veterans of the State. That
beats anything that has been done
heretofore for them. Heretofore
it seemed to be generally consid,
cred that references to the gal.
liant boys in gray" and loud Ian,
guage was pay enough. It's a com,
mon way of paying debts loud
praise. The trouble with that is
that by this time the old soldie RS
have been hearing too much of
that and not receiving substan.
tial recognition. Praise is not
very filling as a food and it buys
nota rag of clothing.
1t would be good to provide
efficiently for. these men and
their widows one time before
they all die. All of them are old
now and while the debt that is
due them can never be really
paid, some way to prevent any of
them dying lii want is the last
that can be done. They will not
be here to bother the Legislators
long.
The men who insisted on a
million dollars for the pension
fund deserve praise because they
did not contine their efforts mere
ly to reciting the glory Of the
veterans. Greensboro Record.
The Statesville Landmark, com.
menting along the same line,
says: Confederate pensioners
this year should receive a mate.
rial increase. The pension appro.
priation was increased near S40O,
O00- to a million dollars; and the
number of pensioners decreased
about 1000 the past year. The
decrease in the pension list and
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1921-03-24

right on any question of doctrine
or church policy, a little time was
all that was necessary, and he
came forth strong for the Truth,
as he saw it,
Brother Eller was regarded.
and rightly SO, as one of our
strong and progressive pastors.
The churches prospe~ed under
his leadership. While he stood a.
gainst the wrong, he had a very
strong positive side-he stood
for things.
His activities covered wide
field, and the eternities alone can
disclose to US the vast amount of
good wrought by this man of
God.
SMITH HAGAMAN, Con-.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1921-03-24
NO2l

the increase in the appropria-
tion should add a substantial a.
mount to each pension, which is
only pittance at best. One thing
that should have been done that
was not, so far as known, was to
increase the property exemp
tion in case of pens 'oners. The
law up to thistime y,"ludas auH
veteran who owns Or whose vile
owns property Of the value of
$500. The property exemtion
should have been materially IN,
crea d.-doubled or treble
When the first pension law was
passed $500 was big sum aud
the exemption was reasonable.
Under the existing scale of val
ues $500 is a pittance that should
not exclude from the pension
roll.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1921-03-24
NOTICE OF ADMINISTRATION.

Having qualified as administra-
tor of the estate of Jas. P. Mast,
deceaVed, this is to notify all per-
sons having claims against the
said estate to present them 50
the undersigned on or before the
10th day Of March, 1922, or this
notice will be pleaded in bar of
their recovery. All persons in,
debted to the estate will please
make immediate payment. 1ais
the 10th day of March, 1921.
JOE K. MAST, ADJ
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1921-03-24
Personal Property Safe

| will sell to the higho-; o.
der at the Sandy Cook r'n.e
Lances Creek, next Hr
March "A, the following '.
property to wit: I hea1.,v
one cow, one yoke oxen, un~ o
gy, two horses; a big lot of canu
ed goods and seed Irish po'a
toes. Six months time on AL ".
cunts over So, cash on SL.i'
amounts.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1921-03-24
VOL. xxxII.
"ouR LOST PROVINCES"
To the Editor Watauga Democrat:

preme Courct, releasing the Wa
tauga and Yadkin River Rail.
road from litigation. If times
were normal, an effort would be
made to rehabilitate this road
from Wilkesboro to Darby and
extend it through Cooks Gap,
thence forming a junction with
the Norfolk & Western on it's line
from Jefferson for Boone. In
which event, Caldwell County
would hardly sleep until Lenoir
and Grandin were connected by
a feasible route already surveyed.
However, we are apparently in
a period of slow exploitation of
the transportation system, and
the difficulties are greatly en-
hanced by the present state of
railroad finance. In earlier days
when railroads were developed
ON basis of stock financing,
there was an element of individ.
ual initiative which made for a
rapid increase in mileage. But
there has been a transition from
a stock to a bond basis with a
slow growth and the present
state Of the money market is not
such as to increase railroad mile.
age.
This in short means there will
be little new construction by pri.
vate capital, but the iron track of
commerce will continue onward
as some new lines and invest.
ment will be imperative.
All things considered the fin
est section in North Carolina is
situated in Watauga, A,he and
Allegheny and the counties ad-
joining, but between us stands
the interposing barrier Of the
Blue Ridge.
The States of Tennessee a n d
Virginia were not slow to take
advantage of the situation, not
only to exploit, but also to claim
as their own, this beautiful noun,
tain section. That they will con
tinue to absorb it's industrial en-
ergy without a railroad from this
side is unquestioned. Had not
the State sent it's giant a ger t
through the Swannanoa Tunnel,
we could not have had Biltmore,
Grove Park and Asheville, the
best advertised city in this union.
Not that there is any compari-
son of the magnitude of the un-
dertaking, for Cooks Gap or Cof-
fey's is q trife, engineers state,
beside Round Knob and Mud
Cut and otherwise the compari.
son is very favorable for the
Blowing Rock and Linville Sec.
tion when it comes to wealth of
climate and soil and beauty of
scenery. In truth whichever one
is present is dearest in summer
time. However Governor Aycock
did not airt with the question,
and after having canvassed about
every school house in North Car
olina, be was asked to name the
States best county? He replied,
"Ashe."
The writer once heard Senator
Ransom and Mr.. Cone discuss.
ing the future Of the Blowing
Rock section. They we're on the
Coue estate, and agreed t h a
with adequate railroad service,
the possibilities of Blowing Rock
were stupendous, and fired by
imagination as they visioned it's
destiny ranking prominent am
ong the resorts and play grounds
of this continent.
In our present upbuilding it
was a statesman. like call which
Tam Bowie made for legislative
ingenuity and skill upon a large
scale for the purpose of connect
ing North Carolina with her
Lost Provinces"
While the attitude of our legis.
lature was discouraging, 80 il
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1921-03-24

HOUSEHOLD REMEDI ES AND
TOILET GOODS.
Soc Glyccrine and Rose
Water , for sic
40c Antisceptic Tooth
Powder 2 for 4lc
$l.00 Bouquet Rance
Face Powder = for $l.Ol
S1.00 Harmony Toilet
Water 2 for Sl.0l
15c Rexall Toilet Soap > for l6c
SOC Bouquet Rance
Talcum Powder > for sic
SOC Violet Dulce Van
ishing Cream 2 for 5lc
25c Rexall Tooth
Paste . for PC
SOC Rikcr's Milk of
Magnesia = for sic
SOC Harmony Liquid
Shampoo 2 for 5lc
45c Cherry Bark Cough
Syrup 2 for 4sc
Sl.25 Cod Liver Oil
Emul. 2 for s1.26
4Oc Rexall Baby Lax
ative 2 for 4lc
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1921-03-24

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lTothPa
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The border vidette., 1921-08-13
STATE TAX LEVY 7a CENTS.

Phoenix, Aug. 9.-The state tax rate for the coming year has been fixed at 73 cents by the state tax commission. Last years rate was All cents.
 The total assessed valuation of property in the state was fix. ed by the commission at $83O,- 900, 900, as compared with $SS4, OOO,O last year.
 Members of the commission explained that the reduction in the assessed valuation was re- sponsible for part of the in crease in the rate of the tax levy. They said that had the assessed valuation remained at $884, 900, 900 this year, the rate would only have had to have been 53 cents.
 The commission fixed the rate after it had received a ruling from the attorney generals office declaring that the commission had to include in the tax levy items appropriated by the legis- lature for the state fair even though the governor has can celled the fair.