davidaulloa/AmericanStories huggingface dataset:
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25
LESSONS IN
FINANCE
ARTICLE NINE
Cycles of Trade

The use of the word cycle
is meant to imply that there
is a tendency to repeat a
series of steps over and
over again in the same or
der. This. however, does
not hold exactly true for
there are times when strong
cross currents win disrupt
the order, as in the case of
the cycle starting in 1915.
1t continued regular until
the United States entered
the war in 1917. From then
on it was subject to abnor-
nal cross currents. After
the Armistice is continued
in regular order although
the bottom was not reached
until November, 1920.
The steps in the cycle
may be set forth thus: A
period of improvement and
expansion, a period of over
development and specula-
ton, a crisis or reaction, a
depression or period Of re-
trenehment, ending again
in a period Of improvement
and expansion.
This country has passed
through the cycle and is
now entering upon a period
of Improvement. To the in
vestor there are two very
important times during the
cycle, the low market, and
the peak or high market. If
he is a good financier he
will buy low and sell when
the price is or is almost at
the top. Now is the time to
buy.
Tomorrow's article viii
be ''The Economic Necessity
for Industrial Securities
and Their Purchase"
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

WANTED-Position by a first class lum-
Der office man as bookkeeper sales
and saw mill offices. Address s5, care
Journal
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

FOR RENT-3-room apartment, running
water in kitchen. southern exposure,
electric lights, hot water. bath, private
meter, close in. III e. Gregory. Phone
1871.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

POSITION wANTED-By first class
stenographer. Address o. care Jour
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

FOR RENT-Two large connecting rooms
furnished for light housekeeping. Adults
only. 50 East Chase-st. Phone I12e.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

FOR RENT-one large furnished front
room-private bath: and small furnish
ed apartment. 10 w. Gadsden. Phone
81.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25
Transfer Storage

RoRRAs TRANSFER co.
PHONE IDS. OFFICE ANO WARE
HOUSE EAST CHASE STREET. ALL
KINDS or HAULING. YOUR BUSt-
NESS SOLICITED.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25
MnMEN "a I0AM

500. 900 90 or more. Of the Equitai les
investment funds are now ready to be
loaned on Pensacola homes. in approved
Information and etails cheerfully giveH
200 S. Palafox ST.. r. p. SIMPSON Spl
Agt., Equitable Life Assurance Society.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

AGENTSwANTED to sell our line Of
Garden Craft work to best home in
Southern Coast Resort towns. Only high
class men with All references wanted
Gilt edge proposition. GARDEN CRAFT
DEPT. Crystal Lake, Ill
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25
The Market Place of West Florida
READ RAILY BY 10000 PEOPLE
The Cost But 1Tif7e and the Results are UrequaIed
FOR RENT

FOR RENT OR ROOM, NICELY
FURNlSHEo APARTMENT, WITH
vENlENcES. ON CAR LINE. 1926 {.
JACKSON. PHONE 1885.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25
DANCING

DANCING SCsIOOL-Classes Private
lessons. Also chiidren's classes in aes.
rhetic Dancing. 206 Vest Gregory. Phone
2zS.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25
POSITION WANTED

ANTED-GeneraI office work or book
keeping to do after or o'clock.
References. BOX 1883 or phone Bar
rancas. No. /. between $3.50 and O'Clock,
during week.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25
PERSONAL

YOUR FUTURE FORFToLD-sen
dime. birthdate for truthful. reliable
convincing trial reading Hazel Hause.
Box 215. Los Angeles. CAL
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

FOR RENT-Comfortab furnished
sleeping rooms. strictly modern, private
home. kitchenette if desired No children.
Apply 1870 E. Gadsden. Phone 1871.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25
HELP WANTED

WANTED-SO0 girls and women for
good surroundings Experience unnec-.
cessary Wages paid while learning
with opportunity 70 increase same to
better than good wages. Address by let
ter to ]. B. NJ, Chamber Of Commerce,
giving age, residence. address. DO not
make personal application.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

PECAN TREES pay big dividends.
Plant in yard, garden or grove. More
dependable ana profitable than cotton.
We offer selected heavy bearing stock.
Write for prices. Florida Nurseries,
Monticello Florida.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

FOR RENT-Apartmen IN private home
furnished for light Housekeeping, mod
ern conveniences. no children. Refer
ences exchanged. 1905 N. 18th Ave.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

FOR sALE-BeautlfuI ferns, begonias
and sultannas. 1901 North GuiIe-
marde
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

10 wooo--r. 5. <ENNEov. IS.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

FOR sALE-NEW BUNGALOW. JUST
coMPLETEp. SIX ROOMS, MopERN
HOOD. NO. 1905 e. LLOYD STREET.
Will SELL FOR COST. oNE-THlRD
DOWN. BALANCE ON TIME. APPLY
SEN BLDG.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

CHILDREN'S HAIR CUTTING a spe-
cialty at Durham's barber shop, corner
Wright street and Ninth avenue.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

STRAW BERRY PLANTS $3.50 for
500 Missionary. Klondvlxe. or any good
variety. S4.76 per 900 Plants ready
now. John Llghtfoot. f. Chattanooga.
Tenn.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

An OF the above cars are In good FUN
MING condition and worth more money
ANDERSON's GARAGE
Phone 1914 Ford Agency
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

FOR sALE-MopERN FIVE ROOM
COTTAGE, CORNER STRONG AND
ELEVENTH. PAYS TEN PER CENT
ON iNVEsTME EMIT. ALWAYS RENTED,
SEE HOWARD LEE MAYES AT
JOURNAL OFFICE.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

BABY CARRIAGES retired, clocks.
locks and graphophones repaired.
made. r. T. WENTWORTH, Jr.. Cor
ner Belmont and Davis SITS.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

WANTED-You to have made-to-your-
measure NJ BONE CORSET before
thinking of fitting your Fall and Winter
suits. a written guarantee with each
order MRS. LOUIS TATOM, Corsetier,
Phone 1879
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

WANTED TO RENT-Cottage or down
stairs apartments, furnished or unfur-
nished, living room, dining room bath
and kitchen All modern conveniences.
References exchanged. Address Box 455
Journal.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

FOR RENT-Light housekeeping rooms
Modern conveniences. sos n. Hayne.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25
WANTED

NRRwU ehsg 6gEA TIMB5 692 Ell yig 5s y 2SB
you AN Es4iMLA IT, on DYo'ggR
RUG, We WASH AL. RUGS AND
MAKE THEM LOOK LIKE NEW.
ING co.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

FOR RENTING furnished rooms for
light housekeeping, also single room
for gentleman. 901 N. Palafox Phone
2241.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-25

FOR RENT-Two connecting rooms fur
nished for light housekeeping. hall and
'front.' porch, electric lights, bath and
telephone with fanily of two 1913 N
18th avenue.
Evening star., 1921-12-18
Silk Shades, Choice, $3.50

21 only. Sample Shades from one Of
New York's largest manufacturers. sold
to us at onc-half and less than the cost
to make. All 24-inch size. silk lined.
with silk fringe. Tapestry braid and
overdraped trimmings. All desirable
solors
Evening star., 1921-12-18

"ManninE Bowman"
Pure Aluminium Cold
Water PercOlatOr. g.
cup size, with extra
plate, to use under
percolator; $3.50 value,
@3.8S.
Evening star., 1921-12-18

Heavy ~VicO- Aluminium Dish
nan. with strong side handles, roll
TOP, extra-heavy quality, loot. size.
Value, $3.49. Special price, $1.8S.
Evening star., 1921-12-18
Apiece Coffee Set

Manning Bowman" quality
of q large square
tray, a Soup percolator. urn
shape, and a gold-lined cream
pitcher and sugar bowl; $4,000
value, for $44.95.
Apiece Tea Set, a I-cup tes
ball teapot, heavy nickeled
over copper, aluminium lined;
sugar bowl, cream pitcher and
large square tray: complete
set, $S2.bO.
Evening star., 1921-12-18
@
BREAD

square Bread BOJ,
white enameled with
hinged cover, with
gold stenciling, family
size, $l.19.
Evening star., 1921-12-18

Light Blue Enameled Double
Rooster. white enamel lined. self
basting. 10-lb. turkey size. 1925
value. for $225.
Evening star., 1921-12-18

Electric Iron-American Beauty
with round removable non-corrosive
nickel silver contacts: 61z domestic
size. Fully guaranteed, for $3.50.
Evening star., 1921-12-18

Wagner Cast Aluminium Skillets.
These are cast in one piece, no
welded parts, and the metal is of
the thickness needed at all points
of strain.
Note these prices:
Evening star., 1921-12-18

Boudoir Lamps at s5.9s-The bases
are lacquered enamel over brass; baby
blue, rose, French gray and sky blue,
with silk shades, silk lined. The col
ors of the shades are in harmony with
the bases. S5.98.
Evening star., 1921-12-18

Nut Bowl Sets, specially priced.
Mahogany-fin nut bowls. with
picks and nut cracker. Complete,
CSC. 6 picks and nut cracker in
neat gift box, 20c.
Evening star., 1921-12-18

Dainty Etched Vine Pat-
tern. choice, 6 for $40.
Goblets, ice tea or lemonade
glasses, tall footed sherbets.
Evening star., 1921-12-18

Oblong Electric Grill, Universal
make; complete with broiler pan
and reversible cooker-3-heat con-
troller. $9.0S.
Evening star., 1921-12-18

Bird Cages, in square shape,
white enameled with guard. Value
up to $59S. Several different sizes
at once price, $4.9S.
Evening star., 1921-12-18

Etched Glassware in Scotch,
thistle design.
6 goblets, regular $5.49
value, $3.8S.
q Sherbets, regular s5.49 val
ue, $3.9S.
tumblers, regular 1915
value, S2.49.
6 ice tea glasses, regular
S39S, at $500.
Evening star., 1921-12-18

Po!ychrome Table Lamps, with all
silk shades, at S16.9S. Many of the
shades are values up to $3.50. The
bases are 26 inches high, with two light
sockets. The shades are beautiful two
tone effects in all-silk and heavily
fringed and silk lined.
The New York herald., 1921-07-30
COL. SMITHER NAMED :
ONE OF DAWES'S AIDS
Will Be Chief Coordinator Of
General Supply.

Special Despatch to The NEW YoRKsHnzAEn.
New York Herald Bureau, !
Washington, ID. c., July 20.
Budget Director Dawes tonight an
nounced the appointment Of Co1. H. c.
Smither as Chief Coordinator of'General
Supply in the new organization estab-
lished by executive order OF the Presi-
dent to coordinate Government pur-
chases and sales and effect economy In
distribution Of Government supplies.
Col. Smither served with distinction
In France as one Of the chief aides OF
Gen. Dawes In the Division of Supply
and Transportation. Gen. Dawes In se-
lecting his former aide also named sew
eral other army officers. many OF whom
served in France. for duty as coordina-
tors
Appointed assistants in the once Of
the Chief Coordinator werje Lieut.-Col.
John w. Wright, Lieut. t-Coe. J. p. Nc
Adams and Major Max. r. wainer.
Others appointed, whose assignments
later are to be determined. were Major
j. r. McAndrews, Major, r. w. HAM
mond. Lieut.-Col. J. c. Rhea and Major
d. A. Robinson.
f-r. Dawes said appointm had the
approval Of President Harding. Later
he will name officers OF the Navy De-
partment In accordance with the plan
to assign efficient naval officers for
duty IN the new Organization. which
IL to be entirely independent of the
naval establishment or other war
agencies.
The New York herald., 1921-07-30
Another Kind Of Tax.

To THE NEW YoRK HERALD But why
revive the stamp tax on checks?
True. we could create an estimated
minimum of $3.500.oro. 900 for Govern
ment needs by TIC annual use Of 49,
600, 100000 two cent check stamps.
but it Is entirely improbable that we
would raise even $20.0oo,ooo year by
the use Of 1.ooo,Ooo.ooo Of them. A,
graded tax. say two cents on each 500.
like that now required on notes. drafts
and other commercial paper would bring,
a larger revenue but would become an
intolerable nuisance.
A percentage bank tax on any and aH
Withdrawals by check or otherwise froHl
individual bank accounts and othej
funds held by business and all othAs
banking institutions would rot cause the
slightest trouble to depositors. and there
would be no way OF evading 1t.
The incessant money flow into ap,d
out Of banks must amount to an amaz-
ing annual total. likely running away
up into hundreds Of billions. "A tax OF
1 per cent or even a fraction Of per
cent. on Withdrawals would ITSELF be
in billions.
With such tax there would he no more
puzzling problems as to what INDUSTRIES
and individuals to tax, nor as to lhow
heavily to tax each. There would hts no
need Of punitive measures to aidf tax
collection ApoLrH OPPENnEzAatm.
NEW York. July 20.
The New York herald., 1921-07-30

will be 5n.000.0o0 year; of automo-
biles, 100000: of railroad cars. both
passenger and freight, 5,oon.000 year.
With the arrival Of the day when a
large proportion Of goods will be moved
by gasolene trucks the Canadian route
between Detroit and Buffalo for such
transportation will be shorter than the
American by over 100 miles. There is
now triclxle OF motor freight between
Detroit. Windsor and other Canadian
communities onward to Buffalo. But
ferryboat restrictions limit 1t. Loos-
ened up by the opening of the bridge.
the trickle should become a brimmins
river.
Just as the PHILADELPHIA bridge will
be a monument worthy OF tho splendid
municipality and the two great States
back of 1t, SO will this steel welding
together Of the two shores Of the Detroit
River worthily represent tho breadth Of
vision and the united dynamic possibili-
ties Of the two great countries which
stretch in century long peaceful contact
from ocean to ocean all the way across
one of the worlds greatest continents.
NEW York, July 20. T.
The New York herald., 1921-07-30
SATURDAY. JULY 80. 1921
Brooklyn, Senior Partner.

Brooklyn is the senior partner now
In New York city Republican af-
fairs. Its enrolled voters at the pri-
maries can prevent the nomination Of
any candidate for selection for city
ONCE. II the day has not yet come
when the borough coterminous with
Kings county can put its own slate
through at least it can veto the
plans Of the four other boroughs and
make its negative effective.
The Brooklyn leaders are not un-
aware OF their power. They have
shown their enjoyment of the author
ity which has come to them. This
is natural, inevitable, not cause for
justified criticism.
Inparty politics as in every other
field of human endeavor power car
ries with it responsibility. A senior
partner has obligations to others as
well as to himself. Thus the Brook
lyn Republicans, because Of their pre-
dominant position in Republican af-
fairs to-day, are bound in honor to
comport themselves in a manner cal
culated to improve the condition Of
their party in all five boroughs, not
in Brooklyn alone. They undoubt-
edly know this.
The New York herald., 1921-07-30
APPEALS TO HARDING
ON ICE CREAM TAX
Mrs. Weiznailler Demands Its
RemoUml.

Having failed to obtain a hearing
through appeal to Senator Penrose (Pa).
Mrs. Louis Reed wllsmiler. Deputy
Commissioner of PublDc Markets, wrote
yesterday to President Harding asking
him to use all your personal power and
all the power OF your great office. tai
obtain the removal or the Federal ia Il
on ice cream. The u TX has served, che
said. to raise the priceB of ice cream from
one profiteering level TO a higher one.
Her appeal continueds
"Since the essentia1 ingredients of ice
cream-sugar and mhlk---are indisputa-
bly, necessaries OF lifel regardless of what
form they take. the ,others of this state
maintain that this Ia * Is vicious meas
ure and against the welfare and inter-
ests OF Americas cf kidhood. They fur
ther believe that TIE nation does not
need this revenue lat the expense of
childhood" j
The New York herald., 1921-07-30

In London. inviting the interest Of
the amateur magician and spreading
abroad the knowledge of the craft, Is
one OF the projects now contemplated
as means Of restoring the presti-
digitateur to popularity.
1t has rarely happened that the
public has again turned with cor
diality to any form Of entertainment
which 1t has after long trial re-
jected. Yet there would be many to
share In the Joy Of its exponents II
the ancient and honorable art Of
hanky panky could be brought back
to its former high estate.
The New York herald., 1921-07-30
Passing Of the Button.
Hook and Eye Also Banished From
the Cares Of Woman.
Fron, the Brocktom Times

Fron, the Brockton Times.
Present day dress for women has been
the source of much controversy. But
there is one important point which has
long been overlooked by both factions.
1t is the passing OF the button
This does not mean the button used
for decoration but as an ancient and
time honorerd fastening. With II has
passed that experimentation. the hook
ana eye.
Dresses which used to fasten with
multitude OF buttons or hooks now slip
over the head and hang from the shoul-
ders In the style long advocated by the
dress reforrners. A quick twist Of the
sash around the waist and the deed is
done. This includes costumes for day
and evening. The underpinning IL ad-
justed with equal simplicity. and the
saving In time Is not confined to the
process OF dressing but extends notice.
ably to the making Of clothing.
The New York herald., 1921-07-30
Henry's Spark Plug Missing.

Says HENRY FORD, contrasting his
little railroad and the country's
quarter of billion of miles Of rail
roads.
There are too many stockholders
In the other railroads. And you
know what stockholders are good for.
Not much. All they do is to sit back
and wait for dividends. They aren't
of any help--except. of course, when
a stockholder does pitch in and do
little work."
All of which beautifully clarifies
the vast national transportation
problem. All that Is needed is for
everybody to own hiS own railroad,
like a fiivver, and cut out the stock
holders who put up the money to
build them. If there are not enough
railroads to go around so that every
body can be the proprietor of and
work for his own. then at least have
enough Henry Fords to pocket each
and every one of the country's roads
single handed. 1t is as easy as roll
ing of log in HENRY's rest camp
in the woods.
HENRYs intellectual motor usually
runs along smoothly. purring like a
kitten. But once In a while-just
often enough to supply the interest
OF variety-one OF HENRYs spark
plugs misses.
The New York herald., 1921-07-30
Song Of the Idaho Pilgrims.

-Four hundred pilgrims are leaving Greater
New York IN automobiles the last week in
July TO take up land and found colony in
Idaho.--Dosip Newspaper.
With frying pans and coffee pots
(The big old fashioned kind),
And folding bungalows compact.
As trailers hitched behind.
In every style and make re car
That ever graced o s.ov.
-Four hundred r. ag and full of grit
We're bound Tor Idaho.
We're done with landlords, trsfic cops
And city atmospheres,
We're hiking out for homes and land
AS did the pioneers.
Our Plymouth Rock is on the plains
Where folks have room to grow,
We're pilgrims Of the motor car
And bound for idaho.
MrNNA IRuSe.
The New York herald., 1921-07-30
Our Position ON Silesia.

Between the hot weather and the
priority rights to chief place IN pub
lie interest Of the conference to limit
ornaments 1t Is asking almost too
much Of the American public to dis
play more than lukewarm concern
over the diplomatic sideshow the
French and the English Foreign Of
fees are developing over the partition
OF Upper Silesia between Poland and
Germany. The Supreme Council is
scheduled to meet on August 4 next,
and the United States will be repre-
sented. Both the French and the
British are trying to guess which
side of the dispute we may take.
France contends for her right to
send additional troops into Upper ST.
lesia to make sure that whatever
settlement is decided upon by the
Supreme Council will be observed by
Germany. England seems confident
that America will stand with her in
opposing the despatch Of more troops
and the incurring Of more expense
in connection with the Upper Silesian
division.
1t is no secret that England cares
little about what happens to Poland.
whose future, however, is Of para
mount concern to France. England
has assured herself an open sesame
to Russia through the unrecognized
Baltic States. Poland is the gateway
for France and the rest of the world.
The question of sending troops to
enforce the decision of the Supreme
Council therefore is Of wider signifi-
canoe than the mere need Of assur-
ance that the division will be car
ried out according to plan. Itamounts
to an assurance that Poland will not
have to stand alone in case further
trouble should arise over the dis
puted territory.
Petty wars and the maintenance Of
large standing armies already con-
stitute too heavy burden on the
sorely pressed European treasures.
But the fact that there is such strong
opposition to the sending Of French
troops to enforce settlement is
proof that France is wary even Of a
Supreme Council decision unless it
is accompanied by some enabling
power tantamount to an ironclad
guarantee Of its observance.
The New York herald., 1921-07-30
Magic in Decline.

Much as the passing OF negro min.
strelsy may be deplored, there is
rarely voice heard in behalf Of the
vanishing art Of the prestidigitateur.
which has all but disappeared from
our amusements. Formerly there
were several eminent practitioners of
the black art who travelled through
the country with profit to themselves,
playing long engagements in New
York and other large cities to the de-
light of the public. Two men have
recently made. without success. the
experiment of exhibiting their skill
in magic in New York.
The magician Is an occasional en-.
tertainer on the vaudeville pro-
gramme. Yet he is seldom top liner.
He Is indeed likely to be wen down
on the programme IL he has not the
unimportant task Of opening the per-
forrnance; the place Of the mighty on
theS vaudeville programme is well
toward the middle. The dealer In
magic ana spells Is FOUND but rarely
IN the first class theatre. II has long
been impossible for him to occupy a
thestFe OF his own. Many of the most
ingenious and original magicians are
natives Of this country, although they
have in recent years been compelled
TO beck t{Mir rewards abroad.
Naturally the practitioners Of the
art as well as those concerned In its
raniihcations. are disturbed by such
condition. They believe that capable
performers as well as proper adver.
tisement of this once popular form OF
entertainment could restore II to its
former place of Importance. The
opinion seems optimistic to those not
so closely associated with the craft.
The founding here OF permanent
theatre Of mystery Like Egyptian Hall