davidaulloa/AmericanStories huggingface dataset:
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
DEATH OF CHILD

Nicholas volovich ; year old son of
Mr.. and Mrs. Nicholas Volovish, of
406 Elm street, died last evening at
the home Of his parents of an attack
OF spinal meningitis
The child will be buried tomorrow
at 2:3o D m. from the late residence.
Burial viii be male at st. Johns GEM
etery. n. Emmerling will have charge
Of the funeral.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
BRITISH NAVAL EXPERTS
ARE NOT COMMITTED

WASHINGTON. Nov. 16-Great Brit
aims naval experts are not committed
to any definite program of amendments
TO Americas far reaching scheme for
limiting the worlds navies. it was
semi-officially stated today at British
conference headquarters.
The statement was made in connec-
tion with the meeting today of the
four allied admirals-Beatty, Katon
De Son and Acton-under the chair
manship of Assistant Secretary of the
Navy Roosevelt, to consider the practi-
cal application of Americas proposals.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
HONOR TO VIVA
M. WEST PLEASES
LADY MACCABEES

Lady Maccabees Of Hammond are
pleased at the appointment Of Miss
Vina NJ. West, of Port Huron. Mich.
who is attending the conference in
Washington is the supreme command
er of the Woman's Benefit Association
or the Msccabees.
Mrs. Katherine Kitchell, treasurer
OF the Lady Maccabees of Hammond.
states that the local order used it's
influence TO obtain the appointment of
Miss West by the president.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
(BULLETIN)

INTERNATIONAL NEWS SE3ViCEl
CHICAGO. Nov. l6.-Members
of the International Lady Garment
Workers Union are today casting
a referendum on the question of
striking. The garment workers
are seeking to Illustrate revival of
the piece work system. Six thou
sand workers went on strike In
New York Monday.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
(RuLLETINl

INTERNATIONAL NEWS SERVIcEI
ST. LOUIS, Mo. Nov. l6. -
Alleging cuts on her hand sustain
ed when bottle of beverage man
ufactured by the defendant COM
pany exploded. incapicated her
so that she was unable to do her
housework, play the piano or en-
broidery, Mrs. Henry ]. Stole to-
day filed suit for $4,000 dam
ages against the Anheuser Busch
Brewing Company. Her husband
filed suit for $4,000 charging that
through loss of his wife's service
he was deprived of the pleasure
of hearing her play on the piano"
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
FAR EAST
ISSUES ARE:
CONSIDERED
Questions of Utmost DeIiCaCy
Discussed In Secret By
Diplomats Today
OPEN SESSION TODAY

WASHINGTON. Nov. 16.-The
next plenary (open) session of the
conference probably will be held
Friday If things go weP it was
said today.
Premier BRAND is expecting to
return to France to look after his
political fences within two weeks,
and IL Is sntd that the premier Is
anxious 10 get his land armament
speech of as soon as possible In
order that he may be free TO go
xhouId the exigencies of French
politics suddenly demand his re-
turn home.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
(BULLETIN)

INTERNATIONAL NEWS sERVICEJ
WASHINGTON. Nov. 10. =
Diplomatic relations between the
United States and Germany. brok-
en- on Feb. 3. 1917. when the Ger
man ambassador. Count Won Bern
storf. was handed his passports,
were formally renewed today
when President Harding sent TO
the Senate the nomination of Ellis
Loring Dresel to be American
charge dafaires at Berlin.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
FORD WOULD BUY NAVZES AT JUNK PRICES
CONFERENCE SESSION TODAY HELD BEHIND CLOSED DOORS
~ ouF - - q q
ELATEST ULL.ETINS Y
INawuA & - - E. - K "a. a
(RuLLETINl
INTERNATIoNAL NEWS ssRvIcEJ

TlNTEPNATloNAL NEWS sERVIcEJ
WASHINGTON. Nov. 10. =
Premier BRAND of France today
promised the next "bombshell' for
the armament conference. Pre-
mier BRAND stated he expected his
proposals with regard to disarma-
ment would prove almost as much
of a surprise as the naval holiday
proposals made by Secretary of
State Hughes.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16

INTERNATIONAL NEWS sERVTcEI
TRINIDAD. Colo, Nov. 10. -
Notices of wage reduction aver
aging 30 per cent were posted to-
day in coal mines of the Colorado
Fuel & Iron Company in Lasani-
mas and Huernao counties. The
cut effects approximately $500
men
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
I!NTERNAIIoNAL NEWS sERyIcEI

CHICAGO. Nov. I6.-An esti-
mated loss of 100000 was caus-
ed by a FIRE early today in the
downtown factory district in West
Kinzie st. The FIRE tug. the
Graeme-Stewart, aided the hremcn
who perched on nearby buildings.
played fifteen streams on the burn
ing structures.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
WATCH THE CIRCLE

The grand chief of the exalted order
Of bargain hunters Will spill the
beans" in the circle tomorrow Keep
your eye on the Circle" appearing in
The Times. Watch tomorrow's an
nouneement.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16

PI4AYTOwN FESTIVAL and CARNT-
VAL. NOV. 1913, 1880 p. m. Lafayette
School Admission. Main Bldg. Csc.
11-16-l
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
MAY NOT BECOME PUBLIC.

While Americas far east program
probably viii be given out in due
course of time, there is likelihood that
the counter proposals which 1t evokes
will ever become public.
A question of international courtesy
is involved here precluding the publi-
cation of the counter programs of the
foreign powers unless they themselves
announce them voluntarily.
Statesmen like A ] Balfour, Aris-
tide BRAND. Rene Viviani, Dr. Van
Karnabeek and the ambassadors at
tached to the various foreign delega-
tions are strick1ers for diplomatic
form. which means negotiation in
secret
Unless there is some unexpected
leak, it IS obvious that the intimate
details Of the committee conversations
viii remain a diplomatic secret.
LOADED WITH DYNAMITE.
1t is freely admitted that the dis
cussion of far east policies is loaded
with dynamite" and for this season
the opening guns will be fired behind
closed doors. where the reports will
not reach the ears OF the public
Later it may be deemed advisable to
bring the discussions into the open,
but for the present the delegates viii
be able TO freely express their differ
ences OF opinion screened from the
view of the press and public.
Secretary Of States Hughes has a
program in the far east. just as he had
a program of naval reduction, but it
seemed virtually certain today that IL
win not be presented in the same
startling way The questions involved
IN the far east are officially described
as being too delicate and too prolific
OF heated discussion. to be given the
rough and ready. take it or leave 1t
handling that featured the presenta-
tion of the naval program.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16

WANTED-A GOOD LINOTYPE OP-
orator; MUST BE RELIABLE.
LAKE COUNTY TIMES. 11-15-2
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
WILL BUY THEM ALI.

Il wish you would make 1t plain that
l stand ready to buy. at junk prices.
any and every warship that the Unit
ed States and other powers may think
of sinking. Please ask them not to
sink a ship. 1 understand that some
of the captured German ships were
Continued on Page Five)
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
DIDN'T Go FAR ENOUGH.

Mr.. Fords announcement came as
suddenly as did the world famed an
nouncement of Secretary Hughes with
regard to the limitation OF sea power.
We were at his tractor plant at Dear
Dor. talking of many things. In the
course of the conversation, I asked
him what he thought of the Hughes
proposal. He said IL was all right, cx-
cept that 1t did not go far enough. He
expressed the opinion that there should
be complete. disarmament on the sea
Then he authorized the announcement
to buy all of the warships afloat
TO buy those ships" he continued.
would be only to get some of my raw
materials for a while from a new
source. I am spending great sums all
the while to get ore out of the ground
and make it into steel. and 1 might
just well buy the metal in those
warships as TO buy metal anywhere
else
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
WILL. BUY
NAV|ES Of
THE WORLD
Henry Ford Says He's Able
To Finance Such A
Proposition
BY ALLAN l.. BENSON

tSTAFF CORRESPONDENT /. NJ sERVICEI
Copyright, 1921. by the l. n Service
DETROIT. Mich, Nov. 16.-Henry
Ford today authorized me to make the
following sensational announcement
upon his behalf.
II will buy the navies of the world at
junk prices" he said. "and then turn
them into agricultural machinery and
automobiles If the United States and
the other powers Will agree to disarm
on the sea.
You may tell those gentlemen in
Washington that 1 mean business.
They may think that / could not f.
nance such an undertaking but you
may tell them that 1 can. You may
assure them that with acetelyn torches
and electricity I can cut those war
ships to pieces and make useful things
out OF them"
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16
BY FRANK CHARLTON

rsTkFF CORRESPONDENT l. N. SERVIcEl
WASHINGTON. Nov. 16.-NegOtia
tions in the armament reduction and
Pacific conference have turned today
into channels of secrecy. The old
policy OF working out decisions behind
closed doors, and then announcing
them TO the public. so familiar to the
European diplomats gathered here, is
being followed.
The full membership OF the big five"
o'clock this morning in the Pan
American building. The big bronze
doors were locked and admission was
denied TO all. while the diplomats pre-
pared to tackle the vexing issues in
volved in China and the orient.
TWO GREAT PROBLEMS.
The two great problems confronting
the conference :G) Naval reduction
and I'd far east issues, are both un
der consideration behind closed doors.
whether the whole discussions in
the meetings of the conference com
mittee Of the whole-the committee
on far east affairs-ever become pub
lie. is doubtful. They are being car
ried on informally in the nature of
international conversations.
II is not even certain that a stenog-
raphic record of them will be kept
Questions of the utmost delicacy are
involved and diplomats. like polite
ians, dread the future publication OF
utterances in private which might en-
harrass either themselves or their
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16

1aAa probably tonight and Thurs
aay' turning Thursday in north por-
tlon to snow furries; colder Thurs
day afternoon or night, strong shift
ing winds.
Denvered by Carriers IN Rammous.
ana w. Hammond soc pef yxaoptn ON
sweets And news stE-~-$ So esr eopY
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-11-16

CONTINUED on Page Five)
The New York herald., 1921-11-16
Average Bond Prices
November Is, 1921.
BOND NEWS AND NOTES.


The State of South Dakota. at semi
private sale yesterday. contracted to
deliver new issue of $6000.000 of its
y per cent. bonds for highway con-
struction and rural credit purposes to
a syndicate headed by the Guaranty
Company of New York and including
thesBankers Trust Company, the Irving
National Bank, Hannahs, Ballin & Lee,
Stacy & Braun, William r. Compton
| Company. Ames, Emerich & Co., Renick.
Hodges & Co.. the Wells-Dickey Com
pany of Minneapolis and the Mississippi
Valley Trust Company of st. Louis
The bonds are offered at prices to
yield $50 to 5.15 per cent, according TO
their maturities. The issue comprises
81 ,000.0 of highway bonds, dated
November Is. 1921, and due on January
2. 1881. and s5,00o,o0O of rural credit
bonds dated December 1. 1921. and due
100000 annually on December /, 1892.
to December l, 1941. inclusive The
bonds are exempt from Federal income
taxes and are legal investments for saw
ings bank and trust FUNDS in New York,
Connecticut and other States. The State
holds i'm trust for payment OF its rural
credit bonds assets officially estimated
at more than $40,000,000.
The New York herald., 1921-11-16
CALIFORNIA; Gas.

A public utility bond selling consid-
erably below its redeemable price Is
the California Gas and Electric Cor
poration's unifying and refunding sink
ing fund 5s, due in 1887. The bond
at present market quotations, around 81.
yields a little less than per cent. It
Is redeemabie on any interest date at
10 and interest, and has sold In the
open market as high as 101. The
issue. assumed by the Pacific Gas and
Electric Company, is secured by mort
gage on all the Pacific Gas and Electric
Company's property, except the capital
stock of the San Francisco Gas and
Electric Company subject to the gen.
eral and collateral trust bs. due In
1893. and bonds OF constituent COM
panies. The property includes twenty
two hydro-clectric and steam generat-
ing plants. 2.255 miles of transmission
lines. 115 miles of underground conduit.
5531 miles of distribution lines, eighty
four reservoirs. twenty gas plants and
2.996 miles Of mains. 1t Is also a mort
gage on the entire street railway sys-
tenn in Sacramento, embracing 439
miles Of track, valuable water power
rights and new developments. It's
operations extend to thirty-three coun-
ties in Central California. and cover an
area Of more than $4,000 square miles.
The company supplies light and power
to about 1919 communities, gas to fifty
six and water to twenty-one. They in
clude San Francisco, Oakland, Sacra-
mento and Fresno.
The New York herald., 1921-11-16
Portland Electric IS.

The Portland (Ore.) General Electric
Company's first IS. due In 1885. yield
nearly 7 per cent. at their current
quotations Of around SO. In 1916 they
sold on about 400 per cent basis. In
1906, a year after their original Offering
the company was absorbed by the Port
land Railway Light and Power Com
pany which assumed the Portland
General Electric Company's debt. There
are outstanding S524.O0O Of the bonds
and their mortgage Is closed. They are
secured by a first mortgage on a
water power station on the Willamette
River at Oregon City, Ore, with 779
acres Of land and riparian rights for
three and q quarter miles and 500 ad-
ditional acres in Clackamas County
The bonds are secured also by first
mortgage on two steam stations and
three substatlons, transmission lines.
&C. The Portland Electric Company's
earnings are included In those of the
Portland Railway Light and Power Com
pany. The latter company reported
gross of SO. .064, 1853 and net Of s., 3,227, 148 In
twelve months ended on August 81. con-
trasted with gross Of s9,042,269 and net
Of $2,So1, PSI in 1920. The bonds are re-
deemable as n whole at 1071a on any of
their interest dates. A sinking fund pro-
vides per cent. annually Of outstanding
bonds to be applied to their purchase
or redemCtion at not more than 1O71a
and interest. The original offering OF
the bonds was made at 1885, and the
highest price for them in the open mar
ket In the last five years was 10l. The
issue underlies the Portland Railway
Light and Power Company's first 5s,
due in 1912.
The New York herald., 1921-11-16
Big PHONE OFFERING
SUBSCRIBED 6 TIMES
Making of Allotments for so
Million Issue Will Be-
gin Tomorrow.

The Offering of s5o.o0O.OOO New York
Telephone Company 6 per cent bonds at
OF was admitted to be more than six
times subscribed and in investment bank
ing circles It was stated that aggregate
subscriptions would approach 100000
coo. The task of making allotments will
be started tomorrow morning after all of
to-day has been spent in scrutinizing sub
scriptions, eliminating Implications, and
cutting down where padding is known
to have been INDUCED in. With all of
these steps accomplished the basis OF
allotments is expected to be somewhat
less than 20 per cent, taken as whole
and embarrassment is certain to be found
in many quarters.
The banner demand OF the car for a
large bond offering was found in the case
of the Telephones, which have wide
popular appeal. the demand being par
ticularily heavy from New England. The
bonds We're listed on the New York Stock
Exchange on when issued basis and
they reached top price there of 99. or
. points premium over the offering price.
The New York herald., 1921-11-16
Kansas city. Fort Scott.

The Kansas City, Fort Scott and Mem
phis Railway Company's refunding 4s.
due In 1896. are secured by direct
mortgage on what is considered the most
valuable part of the st. Louis-San Fran
cisco system, At current prices they
yield about 40 per cent. They are
guaranteed, but not assumed. principal
and interest. by the Endorsement of the
st. Louis and San Francisco Railroad
Company, which owns the entire capital
stock Of the Kansas City. Fort Scott
and Memphis. The latter's lines are
leased to the former until 1000. The
bonds are secured by a first lien on
124.32 miles of road. second lien on
770.S3 miles and third lien on 26.1S
miles. They are secured also by deposit
of collateral. There are outstanding
SIC. .941 900 of the bonds. The highest
price reached by them on the New York
Stock Exchange in recent years was
S77S, Which contrasts with current quo
tations OF around S1%.
The New York herald., 1921-11-16

The Western Pacific Railroad Com
pany's first 5s. due In 1916. appear to
be selling out Of line For example
those bonds which are secured by a
first mortgage, are selling on level
with the Wabash second 5s of 1939
The Western Pacific bonds yield about
6as per cent. to maturity and the
Wabash bonds yield about SIS per cent
That discrepancy was more apparent
last week when the Western Pacific's
first IS were selling for S1A and the
Wabash second 5s for more than a.
point higher. The Western Pacific
first IS are secured by first mortgage
on 1,0l1 miles of road. the total owned.
and equipment. terminals. &C.. and all
other property hereafter acquired by
the company. The Western Pacific has
been showing very poor earnings in
recent years. but signs Of Improvement
in the company's affairs have been
noted Of late. The companys monthly
reports show a recovery from the COM
bined effects OF the Pueblo flood and
competition of the Panama Canal. The
bonds have sold as high as 80 in the
last four or five years. They are re-
deemable at 100 and interest on any
interest date.
The New York herald., 1921-11-16
INVESTMENT NOTES.


A long term Industrial investment
yielding about $50 per cent, can be
found in the Indiana Steel Company's
first SIS. due In 1862. They are guaran-
teed. principal and interest. uncondition-
ally by the United States Steel Corpo-
ration's Endorsement. The entire
$40 100000 In stock OF che Indiana Steel
Company is owned by the steel corpora
ton. and it's plant Is leased to the Him
OILS Steel Company. which Is controlled
by the steel corporation. The bonds
are secured by a first mortgage on the
Indiana Steel Company's plant In Gary.
Ind. The bonds are redeemable at los
and interest on any Of their interest
dates on six weeks notice. They were
offered originally for 1914. and have sold
for as high as los. Their current quota
tions are around 90.
The New York herald., 1921-11-16
s12,OOO,OOO Realty Loan.

The General Motors Building Cor
poration, a subsidiary of the General
Motors Corporation, has sold to S. w.
Straus & Co. $12.O00.oOO of it's first mort
gage per cent. serial bonds. maturing
serially in 1922 to 1916. inclusive. They
are secured by the corporations new
office building in Detroit. Mich. That
structure. which has just been COM
pleted, represents an investment OF
more than S20.0Oo.0O0 1t occupies an
entire block, 30ox500 feet, and is fifteen
stories high. The loan represents one of
the largest real estate mortgages ever
recorded. The bonds constitute a direct
closed first mortgage on the building,
land and equipment and are a first lien
on income from the property.
The New York herald., 1921-11-16
Investor and Bond Trader

Il Aivstme firms IN o he
" - omeem nvetme
The New York herald., 1921-11-16

railroad boud that has Jagged be-
hind the list Is the New York Central
and Hudson River Railroad Company's
thirty year gold 4s. due in 1894. At
current prices It yields a little less than
per cent, while other bonds legal for
savings bank investment. yield to
$40 per cent. These bonds were made
legal in New York State only a short
time ago. They are secured on main
line track between New York and Buff
falo. The Issue Is assumed by the New
York Central Railroad Company. The
bonds are listed on the New York Stock
Exchange and have sold as high as
102% In the past.
The New York herald., 1921-11-16
way to Replace Mortgage.

The designation ''firgt and refunding
sinking fund bond" implies that the bond
IS first mortgage on certain property
or It will in time become a first mort
gage through the refundlng Of existing
first liens. The term "refunding" indi-
Gates. OF course. that the issue Is in
tended to replace other mortgages as
they mature or as the company issuing
Il desires TO retire them. The Sinking
fund" part of the title means that the
issue has a sinking fund which provides
for the payment OF specified sums at
fixed times in retiring part or all Of the
issue before its maturity.
The New York herald., 1921-11-16
Akron Bond. ON Market.

Eldredge e. Co. are offering $355.000 OF
the per cent. funding bonds of the city
of Akron, Ohio. due on November l.,
1881, at a price to yield 4.95 per cent.
They are exempt from Federal income
taxes and are considered legal invest
mentg for savings banks and trust funds
in New York. Massachusetts and Con-
necticut.
The New York herald., 1921-11-16
Ontario May borrow Here.

Banking discussions held in Toronto
on Monday may lead to the entrance
into this market of the province of
Ontario to borrow s15,000.OO0 on new
bond issue, although the provinces prime
needs do not occur until March. Bankers
here look for their flotation in about
three weeks. There has been sold in the
United States by this province upward
Of $4,000, 100 of new securities, and
the present proposals. II carried through,
will make total of 45.000,000.
The New York herald., 1921-11-16
Hoboken Issue offered.

Barr & Schneider and H. L. Allen
& Co. are offering 1921 900 of per cent.
improvement bonds of the city of
Hoboken, n. J., to yield 5.25 per cent.
or the issue, s250,000 is due on October
1. 1926. and $1,000 on November l. 1926.
The bonds are legal investments In
New Jersey and Pennsylvania.
The New York herald., 1921-11-16
Another OIL FIotation.

The American Fuel Oil and Transport
tation Company. Inc. Is Offering $1,000
600 of its flve year s per cent. convert
ible collateral trust sinking fund gold
bonds. The proceeds of the Offering will
be used principally to carry out devel-
opment work in Kentucky, In which the
company has $500 acres Of proven terri
tory.
The New York herald., 1921-11-16
PennsyIvania Asks Bids.

Bids will be received at Harrisburg,
Pa, until noon of November % for
s11 100000 of series d of the Common
wealth of Pennsylvania's fifteen to
thirty year 4% per cent bonds. due on
December /. 1886, to December !, 1861,
inclusive.
The New York herald., 1921-11-16
Albany Bonds on Sale.

Sherwood & Merrifleld announce a new
issue OF S106,60o registered 5.25 per cent
bonds Of the city of Albany. N. Y, ma
turing in 1922 to 194f. inclusive.
The New York herald., 1921-11-16
SUBSCRIPTION RIGHTS.

Yesterdays Mon.
Expire. Bid. Ask. Bid.
Chase Nat Bank
~ z. rights. Nov. n 10 10 "a 10
Con. Power Co....Nov, n 1-s 3-S is
Edison flluminat-
iuf Co., Doston.Nov. % . Ia 41-4 3 Ia
Invll chile OIL Co.
rights .......-. NOV. ~ 1-6 1-< 1-e