davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-08-24
Investment Information

dia POLLS Light and Heat 5s. 1870; So. 900
AtlnTu tic city Electric Company IS 1oas
) 600 Cleveland Electric Illurninating com
pahy a rs l224 5000 Iowa railways & Light
company rs, 1890; 5000 Alabama Power
|olnpany es. 195l- The writer should like
- call attention to the fact that proba bi,-
You would not consider some Of these
ponds entirely suited to a trust fund or
cnaritaDle insiitution. and in this connec-
lion would cali your attention to the
1act that some OF these bonds have heen
given 10 the Ballol Homo for the Ared
under the Wills Of various people interest
ed in the home. and have not been sa
lrcted by the investment committed on
the whole. however. they seem IA M n
nretty good list Of bonds. We are espe-
Gla'ly desirous Of converting the short
time bonds into bonds maturing at later
dates. IT, however, we can trade thees IN
without sacrificing income We should
bonds and render us written suggestions
so that tho Same may be put before the
next committee meetirg-W. j. B.
Answer-Wc think you are correct
in desiring to sell your short-term
bonds and shift into longer term
bonds. We would also sell the Iowa
Railway & Light IS due 1880. The
CITY OF Abilene 5s are not dealt in
IN the New York market, we are in
formed, so that you would have to
go outside this market to sell them.
but probably an exchange could be
made through New York dealer in
municipal securities. Very roughly,
your Abilene bonds probably sell on
about per cent basis. If you were
to shift into a long term bond, you
would get probably between 5 and 6
per cent. The bonds of any larger
city or of any of the older states are
safe investments, and it would simply
be question Of getting bond at
the right price, that could only be ar
ranged by dealer in municipal bonds.
Your Oklahoma Gas IS were recently
quoted at so bid, your Union Electric
Light os at 72 bid, the Chicago Rail
ways at about 20, and the Cleveland
Electric Illuminating 5s at "a. We do
not know what Iowa Railway & Light
bonds you refer to. Those that are
quoted in the New York market are
Iowa Railway & Light Cedar Rapids)
First and Refunding 5s, due 1882, not
1880: They are quoted at 70 bid. AS
suming that you trade the Abilene
bonds and sell the others, the average
market price would be about 751a. We
would suggest that you put this
money inc high grade low coupon
rate long term bonds averaging around
the same price. Pacific Gas & Elec-
trio general and refunding IS, due
1892, recently sold at 76h. New
York Dock first 4s, due 1851, recently
sold at II. City Of Copenhagen 51as
due l944 recently sold at 76. Colo
rado d. Southern refunding and ex-
tension 412s due 1895 recently sold
at a. All of these bonds, we think,
are good sound investments and suit
a ~
New-York tribune., 1921-08-24
Eastman Kodak
Ingersoll-Rand
Wire Wheel Corp. Pfd.
Stone,P ,Prosser &Eeoty
81 William ST., NJ T.. Hanover 1888
b. S. Treasury SUPPLIES Rur-n

WASHINGTON, Aug. 23.-Fire of un
determined origin early to-day damaged
the United States Coast Guard building
and contents to the extent Of more
than S250,0O0 Offices and storerooms
were ruined and the loss OF stationery
belonging to the Treasury Department
vas estimated at more than 100000.
New-York tribune., 1921-08-24
American Cyanasnid Earnings

For the year ended June so the
American Cyansmid Company reported
net income. after charges and Fed
eral taxes, of S344,110. compared with
$, ,525.S77 in the preceding year. Ne
sales amounted to $6.046 ,649. agains.
SS,6S4,0S5. Net profit totaled $500 las
!contrasted with S1,454.720. Profit am
loss surplus netted $3.291 .4s9. compare,
with S2,392,741. Cash showed $SSo.s4o
New-York tribune., 1921-08-24

Questions Of general interest to in
cestors aclu be ansaoercd IN this COL
,'mn, IN achach case only ini.tols qcul
De Nsod. Others acill be onsmcred bv
matt Addrcss oN inquiries, inclos.
fng q stamped, addressed cnvciope. to
Financial Editor, yhc.~ T-,bune. ISL
Nassa" Street, Nosc York City.
New-York tribune., 1921-08-24

Question: have $500 which wish to
Invest in silt-edge securities What 90
yoq yo think Of the following. American
Telephone T. and Telegraph. $1,000; standard
o. on Of New Jersey or New York. $1,000;
Paclho Gas and Electric or United States
Steel $1,000; Bank OF the Manhattan
Company stock. $1,000; Fourth Liberty
loan bonds $500? Would you advise
stocks or bonds for the first five mem
toned? II stocks. common or preforred ?
II bonds, what issue and rate9 What ia
the comparison between Investments in
stocks and investments in bonds as To
safety and earnings?-N. l.. p
Answer-We would suggest putting
the first 81 900 into American Tele-
phone and Telegraph collateral s., due
1916, recently selling at 50; the Sec
ond 81 900 in Standard Oil Of New Jer-
sey per cent preferred stock: the
third $1,000 into Northern Pacific
Great Northern joint 615 per cent
bonds, due 1886, and the fourth $1,000
into United States Steel preferred
rather than into stock of the Bank Of
the Manhattan Company and the $500
as you suggest in the fourth Liberty
loan bonds. The bank stock is selling
far below its book value and may be
good speculative purchase, but it's
yield is low.
New-York tribune., 1921-08-24
Spurious Federal Reserve
Notes Have Blue Backs


WASHINGTON, Aug. 23.-The Treas
ury to-day gave warning that four new
counterfeit Federal Reserve notes are
in circulation.
The counterfeits include ffty-dol-
twenty-dollar note on the Chicago
bank, a en-dollar note on the Kansas
City bank and a five dollar note on the
Chicago bank.
The first two We're said to be dstin-
guished by blue instead of green backs
and the latter two by the poor paper.
Oysters Need Special Water
Oysters can only live in water that
contains at least thirty-seven parts of
salt to every one thousand parts of
water.
New-York tribune., 1921-08-24
Financial lien,

The executive committee OF the board
OF directors Of the Guaranty Trust Com
pany OF New York has appointed Henry
W. Carlisle manager. and Samuel Gull
vfner jr. assistant manager, of tho pub
licisy department OF the company
New-York tribune., 1921-08-24
Markets in Other Cities

Gales One, 1ytrs
90 "ai"orth s& 9ls eh ~
Bonds
$4,000 g W 5s.... 4sIs 4sh 4sn As,k
50Vo a0Vo MS Mss r pw S. 77s 77% ~ III
1000 West Tel 6s... s9 Sa Sa ~ a
New-York tribune., 1921-08-24
Marland Oil Participatinp Ga

Question: would be glad to have an
expression of your opinion as to the merits
ana the security back of the Marland Oil
participating SIS. due 1891. What do you
think of it?--F. II. s.
Answer-The Marland Oil Company
has no other funded debt than the $4,-
100000 ten-year participating SIS. These
bonds arc not secured by mortgage,
however, but are the direct obligation
OF the company, and the company
agrees to maintain net current assets
to an amount equal to 70 per cent of
the amount Of bonds outstanding, or in
any event not less than $4,000, 600. In
1920 the company earned interest
charges many times over. The fact
that the company produces, transports,
relines and markets petroleum and pro-
duces and markets natural gas is in it's
favor. Conditions in the oil industry
are not at present good because of
overproduction.
New-York tribune., 1921-08-24
Montreal


Dom Txtl.13l 1874
IL Tract. IS -
40 pr. =. &c
Lrntd Itd edN s4ii,
~ L1f% y G 81 81 ~
~ brow. I'll 81 x
OHlY Mllg.i60 IT'S
QuHLJ!&P 26M ~
frdn Pap. IN q
Gh~nRn ..f02 103
-pn Nvr.. 80 81
Stl Co Cn. ~ 46ik
Torn'o yty II ~.
WaYKfnck. ~ II -
New-York tribune., 1921-08-24

So PRo col As
1949
! .... TIN
cv a 1929
I .... S1x
rfg - 1885
New-York tribune., 1921-08-24

Pittsburgh

go Ark Nat CAS-. 7 IA su
80 Gufrey Cilpie. II ii 1o% 1on
70 Mfrs Lgt f TT AZ 4s 1o 4s
90 Nat Firep'nng Ch GH CX az
Omaha daily bee., 1921-07-26
Blue Sky" Laws
Topic Of Interest
To Legislators
Acts to Regulate Sale of Sc.
curities Passed in Al States;
Divided Into Two
Glasses.

Chicago, July 25.-With the sale OF
millions of dollars of fraudulent Sc
curities every year in the United
States, the question of federal laws
regulating the offering and sale of Sc
crrities or stopping such sale and
Furnishing offenders Immediately
where cause is shown, is topic of
general interest to legislators, bankers
and investors.
So-called "blue sky" laws have been
adopted in Al of the 48 states. These
laws have fallen into two classes,
regulatory and punitive. The regula-
tory laws give power to the state to
prevent the sale of securities which
do not meet the standards set up. The
punitive or fraud laws give power to
stop the sale of securities upon pro-
per proof that fraud is operative or
intended.
Thirty-eight states now have regu-
latory laws and three have fraud
laws. The amended Illinois law is
regarded as a model of regulatory
law, while the new New York law
is accepted as the best of the punitive
acts.
The question of methods that can
be used in suppressing the fraudulent
and sale of securities was
given close consideration by the
governors of the Investment Bankers
of America at meeting
in Milwaukee last week. The mem
bers of this association, representa-"
all parts of the country, are more
particularly affected by state laws
and proposed federal legislation than
any other class. The principal
tention was given to bills introduce
in congress pertaining to the offering
and sale of securities. These are
typical "blue sky" bills and seek to
have the federal government take
the same judiciary regulation that is
now taken by the various states.
Omaha daily bee., 1921-07-26
Release Of Prisoners
Price Of American Aid
To People Of Russia

Washington, July 25.-Immediate
release of the Americans now held
prisoners in Russia must be ordered
by the soviet government before aid
can be rendered the sick and starv-
ing in that country by the American
relief administration, Secretary
Hoover, chairman. of the organiza-
ton, has informed Maxim Gorky at
Petrograd, in cable made public
here tonight.
Il have read with great feeling"
the cable said, your appeal for
charitable assistance for the starving
and sick people of Russia, more par
ticularly the children. To the whole
American people. the absolute sine
qua non OF assistance must be the
immediate release of the Americans
now held prisoner in Russia. Once
this step has been taken, the Ameri-
can relief administration, a purely
voluntary association and an entirely
unofficial organization. together with
other cooperating charitable Ameri-
can organizations, has funds in hand
by which the assistance for the chill
dren and for the sick could be un-
dcrtaken Immediately"
Omaha daily bee., 1921-07-26
California Mob Attacks
u, S. Prohibition Agents

San Francisco, Jul y25.-Federal
prohibition agents were attacked by
about 500 persons at Gilroy. Cal,
yesterday afternoon and two of the
officers were struck by missiles. John
Exnicios, supervising federal prohi-
bition enforcement agent, announced
today.
The officers came into Gilroy with
an automobile loaded with liquor
seized in various raids between San
Francisco and Watsonvilie. On their
arrival at Gilroy, a crowd gathered,
and according to Exnieios, attempted
to mob the agents and destroy the
liquor. He said their entry into
Gilroy was heralded by the blowing
of whistles.
Omaha daily bee., 1921-07-26

A wartime wooing, conducted by
correspondence between Brooklyn,
N. Y, girl and an American soldier
at the French front, recently culmi-
mated in the marriage of Miss Rae
Ward and Holman E. Winfrey of
Vallejo, Cal.
Three years ago an appeal from
three soldiers at the front, who said
they had no one to write to them,
was printed in a New York news
paper. Miss Ward and two other
Brooklyn girls became interested.
They put the three names in a hat,
and each drew out name.
Miss Ward drew the name OF VIM
frey, who was with California regi-
ment. The correspondence reached
a point where the soldier insisted he
must have a photograph Of his bene-
factress. Miss Ward sent one, and
Winfrev responded with one Of his
own. 1t showed him good-looking
young man. The romance followed.
Omaha daily bee., 1921-07-26
Sandwich ''Makings'' and
Cigars Stolen in Raid

Shrimps, sardines and other in
gradients for midnight salad parties,
$40 cash and several boxes of cigars
made up the loot of burglars who
climbed through rear window of
A. Burnstin's place at 3l3 North
Fifteenth street Sunday night, ac-
cording to police reports.
Pass key burglars got 5000 Gig
arets and several boxes of cigars at
the Reno billiard parior, Seventeenth
and Douglas streets.
Katherine Ralph, 2763 South Ninth
street, reported two diamond rings
worth $3.50 stolen from a washbowl
in the Western Union rest room in
the w. O. w. building.
Omaha daily bee., 1921-07-26
Towns of Madison
County to Hold First
Joint Picnic July 28

Battle Creek, Neb., July 2s.-(Spe-
cial.) - Five bands, wrestling
matches, boxing bouts, tug-o'-wars
and speaking by several prominent
Nebraska agriculture experts are
among the headliners for the first
joint county picnic arranged for
Madison county on July % by the
Madison County farm bureau, which
has headquarters in this city.
It will be the first time in the
county's history that farmers, mer-
chants and representative citizens
will get together for an all-day
county celebration. Returns received
by the bureau indicate that mer-
chants, professional men, and towns
people have decided to lay business
aside and join with the farmers for
the big event.
Norfolk will send several hundred
automobiles, under an organized
automobile parade plan. Newman
Grove, Madison, Meadow Grove and
Tilden also have announced similar
parades.
Omaha daily bee., 1921-07-26
65 Persons Paid
Tax in 1919 on
Income of Million
ST, ,269, 100000 Obtained in
Revenues From Personal
Remittances.

Washington, July 25.-The gov
ernment obtained a total OF 81 ,2oo,-
100000 in revenue from personal in
come taxes in l9lo-an increase Of
$l4l 100000 compared with 1918
according to 4 preliminary report OF
income tax returns made public last
night by Internal Revenue Commits
sion Blair.
The commissioners report showed
there were 5,322,760 personal returns
filed in the calendar year 1919, rep
resenting a growth of 907, ,646 from
1918, while the total amount OF net
income reported for 1919 was $l9,-
859,000,000, an increase of $3,934,000,-
600 over the previous year.
The average net income per return
for 1919 was $3,724.05, the average
amount of tax $23808, and the aver
age tax rate $50 per cent.
There were filed 65 returns OF net
income of 100000 and over l8o of
$500,000 to $l,000,000; AIS of from
$300,O00 to $500.000; 1904 OF $l50,000
to 100000; 2,o85 of 100000 to $780,
900; 1890 of $4,000 to 100000;
37,477 of $25,000 to $50,000; l62,485
of $4,000 to $25,0OO; 43S,8Sl of S.
600 to $4,000; l,l80,48S of $4,000
to $4,000; 1,56o,74l of $1,000 to S.
900 and l,o24,S72 of $1,000 to $1,000.
New York field, $3,436, ,343,l l79 net
income, or 1871 per cent of the total
and the tax paid was $500, ,792,3sl, or
81. 40 per cent of the total.
The next largest number of re-
turns filed by states was from
Pennsylvania.
The per capita net income for
New York, according to the popula-
ton of the census for 1920, was
$3308o. /
The District OF Columbia, second
in the percentage of population, re-
ported the highest per capita net IN
come, $3S0.27. Its average net in
come per return, however, $2,838.SO,
is low. Only two states, Montana
with an average net income per re-
turn of $2,544.s6, Nevada with
s., ,38o.83 and the territory of Alaska
with $4,000 were lower in this
respect Alaska, however, reported
the highest percentage of population
fling returns, 17.17 per cent, with a
per capita net income of $343.58, the
second highest.
Omaha daily bee., 1921-07-26
Chicago Banker
Took $4,000 of
Funds in Flight
Authorities Learn Missing
Head of Financial Institu-
ton Fled From u. S. to
Canada.

Chicago, July 2S-Walter c. Spur
gin, missing president of the Michi-
gan Avenue Trust company, which
was closed las week, is believed to
have fled into Canada with $50,00O
in currency. 1t was reported last
week that he was supposed to have
$500,000 in securities and cash. The
involvement of the bank has not
been definitely ascertained, but has
been variously estimated at upwards
OF $l,000000.
Spurgin, Ben Newmark, chief in
vestigator for the states attorney,be-
lieves, may attempt to go abroad
and he has warned all ships
scheduled to sail soon from Canada
by wireless to be on the lockout.
1t developed today that Mrs. Spur
gin, the bankers wife, and daughter,
Vivian, Il, had fled by motor from
the notoriety. With $500 they
drove to Detroit, where they were
traced. 1t had been supposed Mrs.
Spurgin had gone to her mother i'll
Panora, la. From Herman Byler,
Miss Spurgin's fance, it was learned
that their $500 dwindled rapidly and
that they both planned to go to
work. Spurgin, according to Byler,
before he fled confessed to his wife
that his affairs at the bank were in
volved and that there was an en-
tanglement with woman.
Omaha daily bee., 1921-07-26
Haynes Plans Probe
OF Alcohol Plants

Washington, July 25.-Prohibition
Commissioner Haynes has completed
arrangements for the carrying out OF
thorough technical Investigations OF
the industrial alcohol and denaturing
plants of the country. All of these
plants are operated under govern
ment supervision from the time the
corn or black strap molasses is re-
ceived until the finished alcohol is
ready for the market.
He also plans for the inspection
of colleges, hospitals and sanitariums
which, under the law. procure alcohol
free Of tax for scientific, medical and
mechanical purposes, in order to see
that the supplies are kept under Sc
cure storage and that the alcohol is
used for the legitimate purposes for
which it is expected.
Omaha daily bee., 1921-07-26
Atophy Blindness
Serum Is Discovered

New York, July 25.-A serum,
which DR.. Erasmus Arlington Pond,
Brooklyn eye specialist, claims has
cured nine cases of blindness caused
by atrophy will soon be demonstrat-
ed before the Academy of Medicine
and the American Medical associa-
ton, it was reported today.
DR.. Pond, who discovered the
serum, said the method of cure was
to inject the fluid which nourished
the optic nerve. Blindness caused by
accident, he said, could not be cured
by the serum, nor would it be suc-
cessful unless there was a slight
vision left to the patient. The ply
sician said as soon as he had demon
strated his discovery before the
medical profession he would make
public the formula that it might be
used generally.
Omaha daily bee., 1921-07-26
Hearing on Freight Rates
Will Be Held at Hastings

Hastings, Neb., July 25.-(Special
Tehgram.) .)-Hearing of central Ne
braska and Missouri river jobbers
in the class rate case instituted by
Hastings and Grand Island shippers
will be held in Hastings on Septem-
Der q. Notification to this effect
was received this morning from
Clifford Thorne, attorney for the
petitioners, it had been previously an
nounced that the hearing, which is
to be conducted by Examiner Jewell
of the Interstate Commerce COM
mission, would be held in Grand
Island.
Omaha daily bee., 1921-07-26
Holder of Alaskan
IN all Contract
Must Patch Boats
Postmaster General Hays
Threatens to Cancel I'm
less Service Improves
Costs So a Pound.

Washington, July 25.-Unless Dr.
Andrew c. Smith of Portland, Ore.
who holds the contract to carry the
mails from Seward, Alaska, to the
Westward islands, patches up his
boats and maintains his contracted
schedule he is going to lose $so,-
900 contract with the n crnment.
Postmaster General Will H. Hays
intends to "humanize" the mail
service in both directions.
In this case it is in the interests
Of the public rather than the carrier.
Senator McNary of Oregon has
been advised of the numerous COM
plants that have been registered
against DR.. Smiths uncertain serv-
ice, including many defaulted trips
and the wreck of a gasoline boat,
Chinik. Even the coast guard has
been called into the case and has in
dicated that the vessels of the fleet
are not what they should be. The
contract has two years to run.
The department recently adver-
tised for bids to take over the serv-
ice and four were received, the high
est 100000 and the low"st $5l 900.
The Pacific Steamship company Of
fers to put the steamship Admiral
Rodman on the run if the govern
ment will pay 100000 for the serv-
ice. Postmaster General Hays is
desirous of giving DR.. Smith an
other chance. If he fails to make
good the lowest bidder will get the
contract. 1t now costs So pound
to deliver the mail between the
nnirlts indicated.
Omaha daily bee., 1921-07-26
Osteopaths Convention
Is Opened at Cleveland

Cleveland, July 25.-Nearly 1000
delegates and visitors, inc'"ding 900
women, are here to attend the 2lst
annual convention of the American
Osteopathic association, which
opened today.
Mayor w. S. Fitzgerald welcomed
the delegates. DR.. William E. WAL
do of Seattle, Wash, president of
the association. delivered the key
note address. An inspection of ex-
hibits concluded the morning ses-
sion.
The convention will consider bills
now before congress which osteo-
paths claim give the I'D school of
medicine a MONOPOLY.
Omaha daily bee., 1921-07-26
Head Of Grange
In Washington Is
Ousted by Chief
National Master Suspends
State Leader Who Is Said
To Have Slurred Legion
In Public Address.

Fredonia, N. Y, July 25.-S. J.
Lowell, master of the National
Grange, announced that he had writ
ten to William Bouck, master of the
Washington state grange, suspending
him from Office forthwith for alleged
radical utterances at the June meet
ing of the Washington Grange.
Mr.. Lowell refused to discuss his
action except to say that he believed
Mr.. Bouck had violated his obliga-
tions as a grange master and that he
expected the national grange would
sustain this view at tke annual meet
ing in November.
Charge Legion Slurred.
Yakimah, Wash, July 25,-Wil-
liam Bouck,. master OF the Washing
ton state grange, was charged by the
Yakimah- Pomona grange with hav-
ing made slurs on the American
Legion and members of the grange
objected to his reference to the
world war.
No Statement Offered.
Mount Vernon, Wash, July Is
William Bouck, manager of the
state grange, refused to make any
statement when informed today that
he had been suspended.
In a report from Colville at the
time of the meeting Mr.. Bouck was
to have declared that the
grange was "in politics" and would
remain so until the farmers had been
'emancipated;" that the "shops and
mines are a shambles" and that "the
United States is controlled by a dol
laroeracy more relentless than any
autocracy the world has ever known.
Omaha daily bee., 1921-07-26
House Authorizes Loan
OF Euuipment for Reunion

Washington, July Is. - Especial
Telegram 1.-The house of repre-
sentatives today adopted Congress
man Dowells joint resolution author
izing the War department to loan to
the men of the 88th division, when
they meet at Des Moines, late in
August, not only tents, but cots and
bedding, now in storage at Camp
Dodge.
Congressman Jefferis now will
push his resolution authorizing the
War department to perform like
service for the 34th (the "Sand
Stormy division, when it meets in
Omaha in September.
Senator Norris will take charge Of
the Jefferis resolution when it reaches
the senate. Chairman Wadsworth of
the military affairs committee of the
senate has expressed himself favor
able to the legislation.
Omaha daily bee., 1921-07-26
Commissioner Blair
Warns People Against
Income Tax Experts

Washington, July 25.-Warning
against fake income tax "experts"
was issued last night by Internal
Revenue Commissioner Blair.
"The evil resulting from the opera
ton of this class of practitioners must
and will be stamped out" the COM
missioner said. Persons who
knowingly offer advice or sugges-
tions by which the income tax law
may be evaded and which eventually
lead the taxpayer into difficulties
with the government, will be dealt
with in accordance with the extreme
penalties provided by law"
Within the last 80 days, he con.
tinued, between 40 and 50 attorneys
and agents for taxpayers have been
debarred from practice before the
treasury. A new system of enroll
ment for practice before the treasury
has been adopted, he explained, and
all applicants must satisfy a COM
mittee of their ability to render
valuable service" to taxpayers they
may represent. In addition, all at
torneys appearing for claimants must
have their principals power Of at
torney before they will be recog-
nzed.