davidaulloa/AmericanStories huggingface dataset:
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-01-22

captain W A. Mofett is the
new director Of naval aviation for
'he = ) navy Because of the
steadily increasing importance of
AVIATION In the navy. this is one OF
tne .b'ggost posts in the service
MoHeu vas formerly comrlanGan,
oi'the Great Lakes Na~al Train
Ing station and later commands.
OF the oatIleShip Mississippi.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-01-22
SOUTH OTTAWA ELEVATOR.
LOCAL MARKETS

Ducks, 1Sc.
Eggs, Csc.
Stays. lie.
Lard, IS.
Packed eggs, 4Oc.
Geese. 1OC.
Butter. soc
Cooking butter, 800.
Cream, SIC
Hides and Wool.
No ! hides. Sc
Evening star., 1921-05-08

Oak finish, with
cupboard S p a c e
and double glass
front doors. Sale
price.
Evening star., 1921-05-08
$35.75 Kitchen
Cabinet

Hardwood finish, dou-
BILE glass cupb oard.
roomy bins, ETC., for
Evening star., 1921-05-08

A genuine "kroeh-
Ter" Duofold Daven-
port Bed mahog-
any-finished frame.
covered in fine grade
imitation lea t h e r;
$75.75 value; S a ! e
price,
New-York tribune., 1921-05-23
Hopeful Features Underlie Present
Gloomy Trade Outlook, Says Withers
Prospect Of Settlement of Coal Strike.
Harveys Presentation OF u. s. Attitude
Favorable Factors i'm Unsettled Period

allowance must be made for Frances
desire to protect itself in the future
from German aggression by erecting
q strong Polish state on Germanys
eastern border.
Wisdom of Policy Doubted
In view OF Poland's past history,
however, this policy is generally con-
sidered broken reed and it is recog-
nized that the Treaty of ersailles--
questionable though it is in many de-
tails--must be maintained, because it
embraces the only definite system on
which Europe can return to work. And
if 1t is broken to suit the convenience
Of any party that finds it an obstacle
to its desires, then there will be a re-
turn to political and economic chaos
worse than ever, despite the fact that
settlement of the indemnity question
had given basis for hope of emerging
from the darkness.
In fact, restoration of sanctity of
contracts between nations as we'll as
between individuals is the first neces-
sary step toward restoration of eco
nomic progress. During the recent
trade depression British manufacture
and merchants suffered by reputation
of contracts all over the world, and
this policy was not confined to foreign
customers, but was all too common in
home circles.
If contracts are expected to be hon
ored only so long as they suit the con-
venience of both parties, international
or domestic trade obviously is impossi
BILE. And, therefore, the first necessity
for restoration Of trade is the resto
ration of confidence in contracts.
Trade always has been more honest
than politics, but if politics sets too
bad an example trade is likely to fol-
low in a crisis such as the present; and
Premier Lloyd George was generally
believed to be right when he called at
tention to the probable recovery of
Russia's economic greatness and the
necessity Of reckoning her among the
weichty European influences of the fu
ture.
No one seriously believes there will
be a dangerous disagreement between
France and England. The French have
long cherished grievance against the
British policy as being too lenient in
it's view of Germany. The present
outburst of French abuse of Lloyd
George is only the expression of sem
timent long simmering and perhaps
provides a safety valve by letting off
steam.
In view of the extent of Fre:,ch suf-
New-York tribune., 1921-05-23

terlng occasioned by the war. the feel
ing against England. which suffered
much less, is easily comprehended by
fair minded Englishmen, and It is much
regretted on their part that the British
government has not long arc alayed
the feeling by canceling the French
debt to England.
Seek Peace in Coal Strike
In the mean time the coal strike
drags along, although there is growing
evidence that all parties are thoroughly
weary of the dispute and would gladly
find way to peace. The miners them
selves probably never favored the ma
tional pooling of wages, over which
their leaders began the strike. What
they naturally wanted was to resist the
sudden and drastic fall in wages on
which the owners insisted.
The whole situation is an example OF
the thoroughly unsatisfactory methods
by which manual laborers govern their
own affairs. This strike has lasted
seven weeks and inflicted untold loss
upon the country as we'll as great hard
ship, especially among the working
classes. Capitalists and employers, on
the other hand, have suffered compare
lively little. The miners have fought
for objects which a majority of their
number did not seriously desire simply
out of loyalty to their leaders.
This tragic farce, it Is now confident
ly hoped, is drawing to an end thanks
to the Rdroit intervention of the Pre-
mier, who as usual will score a politi-
cal triumph by ending mess for which
his government is largely responsible.
If the STRIFE is speedily ended, it is
generally hoped and believed that trade
will revive briskly, especially if inter
national peace can also be brought
about.
Great Importance is attached by
business men to the statement of Colo
mel George Harvey, American Ambas-
saGor to the Court of st. James's, at the
Pilgrims dinner that he would repre-
sent the United States at the Supreme
Council meeting on Silesia.
This development promises fresh
breeze of common sense into the fe-
vered European atmosphere and should
help materially to restore sanity on
the Continent and consequent revival
Of trade and financial activity.
The Norwegian loan Offering went
very we'll here, and much hope is placed
on indications that big foreign loans
placed on your side will tend to restore
the foreign exchange position and i'm
prove Europe's buying power.
New-York tribune., 1921-05-23
Better Not to Convert New Issue

Queston-Have invested all my savings
in 81 900 Republic of Chile IS and $1,000
Northern Pacific Great Northern 6h per
cent convertible gold bonds. AS I cannot
glad to have your valued opinion to the
safety of these securities; also, whether II
Is better to retain the Joint 6h per cent
bonds or to convert them into 6 per cent
Northern Pacific 2o47 or Z per cent Great
Northern 1936.-A. R. A.
Answer-We consider the Northern
Pacific-Great Northern 61a per cent
convertibles high grade. III our opin-
ion it would be better to hold the
Northern Pacihc-Great Northern joint
bonds than to convert into either the
Northern Pacific or Great Northern, un-
less you are forced to do SO by the
joint bonds being called. Although the
joint bonds are a collateral bond, and
the Northern Pacific bond is a mort
gage bond legal for savings banNs, new
ertheless we consider the secuNity of
the joint bond as particularly good.
The Chicago, Burlington & Quincy
stock which is deposited under Nhese
Joint bonds, is an asset of great value.
The Burlington is one of the few rail-
roads which, under even the most ad-
verse conditions, such as have applied
during the last three or four years to
railroads, can presumably go on earn
ing a large surplus for its stock. The
Chile IS are reasonably safe foreign
government investment. Chile has not
had the long credit rating that Switzer-
land, for instance, has had, but we con-
slider the bonds good investment.
New-York tribune., 1921-05-23
Woman Investor Worries Too Much

Question: have just made some invest
monts In number OF bonds and am now
much worried over them, as do not thint
! took good advice aud had not studied
bonds eenough TO make wise selection
] bought one Northwestern Bell Telephone
per cent bond, one Virginia -Caroina
Chemlcal bond "a per cent, one WestinS
house Electric and Manufacturing Z per
cent, two Hudson q Manhattan ~ per
cent, one baltimore & ohio per cent,
four 500 General Asphalt 8 per cent. BE
sides these bonds already had one United
States Steel and one Mtdvale Steel bond.
Now, the ones I am most worried about
are the virginia Carolina Chomlcal and
the MidNale should ] exchange them for
something that has Il butter rating What
merely a. promise to pay and without ae-
curites back of it? Shouldn't bonds be
secured by first portgsges? My capital is
small and II is necessary for 1t to bring "A
high rate of interest consistent with
shfety as possible Mrs. c. G. 5.
Answer-You are worrying too much,
We consider your list of securities safe
and suitable for woman investor. The
Virginia Carolina Chemical bonds are
affected by the present depression in
the fertilizer industry, but the COM
pany has gone through other periods of
depression and earned safe margin
at all times over its interest charges.
If, however, you are inclined to worry,
we would suggest a shift into Montana
Power first and refunding IS, due 1943,
which would yield you 6,31 per cent if
held till maturity. A debenture means
promise to pay. The Midvale Steel
and Ordnance sinking fund 5s, due
1886, are direct obligation of the com
pany, and are secured by the deposit
of all the capital stock of the Cambria
Steel Company. We consider it rea-
sonably safe investment. There are
many kinds of bonds besides first mort
gage bonds. If the property on which
bond is first mortgage is not worth
the total amount of the bond issues, the
first mortgage provision is not partcu-
larly helpful, Your General Asphalt 8
is, in our opinion, good investment,
but might cause a woman who is nerv-
Gus about her securities some anxiety
if, because of temporary conditions in
the industry, the price of the bonds
should decline. There are different
issues of Baltimore & Ohio 5s. We
cannot tell which yours is. Your Hud-
son & Manhattan AIS, which are a first
mortgage on one of the Hudson tubes,
are in our opinion, safe investment.
The Westinghouse Electric and Manu-
featuring Is are debenture bond, but
the company is strong one and is
earning its interest many times over.
We consider the bonds a suitable in
vestment for woman
New-York tribune., 1921-05-23
BY Hartley Withers
Specta{ Gable TO The Tribune
Dyrirht 1921 Nav, NorL 1,,.,,,,,,, I


LONDON, May 22.-~Little attention
was paid in financial circles here over
the exchange of compliments between
Premier Lloyd George and the French
press on the Silesiau controversy.
There was general agreement on
the Premier's attitude concerning the
question of Adelbert Korfanty, leader
of the Polish insurgents, but regret
was expressed that Mr.. Lloyd George
should condescend to answer his critics
by a method so derogatory to the dig
nifty of a British Prime Minister.
Business men are less critical of the
French attitude than might be expected,
because they realize more than most
persons outside of France just how
much France suffered and how much
New-York tribune., 1921-05-23
Has Profit in Frisco Income 6s

Question: bought st. Louis-san Fran
cisco incom9 s5 2,, IS at 48. They are now
chance to sell them now or to hold them?
They have paid me II per cent or more
would like to buy something that would
be equally attractive.-D. S. f.
Answer-Your Frisco income bonds
are speculative, for interest is paid
annually October / only as earned
and declared by the directors. How
ever, interest always has been paid,
and it is payable in quarters Of l per
cent and multiples thereof if earned.
The course of the price of the bond
probably depends upon speculative
opinion about the next payment, Last
year the bond crossed go at about the
time of the payment. We leave it to
you to make up your mind about the
possibilities.
New-York tribune., 1921-05-23
STATE OF NEW YORK
. Per Cent Serial Gold Bonds
EXEMPT FROM TAXATION AMOUNTING TO
S41,8OO,OOO.OO
Will be sold Thursday, june g. 1921, at Il o'clock
(Standard Tne)
$41,800,O0O.O0

At the State Comptroles Office, Albany NJ Y.
These bonds Legal Investments for Trust Funds.
form denominations of SoooO0 $5Oo0 100000 and
S50O0000 as follows
1921 Soooooo annually March in of the
from 1922 to 1871, both inclusive
annually March
in zach OF the years from 1922 to 1871 both 1cusve ,,
January 1921 $3Ooo00 annually January
of the years sfroml to both
World Gated March
$40000000 annually
from 1922 1876, both inclusive.
As The bonds be issued Hhpays The of
Barge Canal Terminals and The Acquisition Lands The Slate Forest Preserve
$50O00OO, Dhich mill be deemed include equal bonds
each
h all bids DU be required muipl S250O00 phic mill be
deemed 10 include equal bonds each maturity
No bid will be accepted for therefore bidders will be
required clearly the proposals the SPECIFIC that
Highway Barge Terminals
deemed be the allotment
the mutlpleS above
AS the bonds enumerated above for the improvement Highways the
the Forest Preserve Comptroller
will
these notwithstanding the specific the bid
will be accepted bonds
unless
draft solvent bank the cities of Albany New
York payable the order Comptroller
All proposals. with sealed and
endorsed Proposal for bonds and enclosed sealed envelope directed
the "Comptrol OF the State of New York. Albany N Y"
Al bids will include accrued
The Comptroller which
not his opinion advantageous the interest of the State
Circulars descriptive these
sinking funds SIC, will be mailed application to
JAMES A. WENDELL, State Comptroller, Albany N. Y.
Albany, N Y, May 10, 1921.
New-York tribune., 1921-05-23
Colombian Trade To BE Topic

The trade situation between Amer
ica and Colombia will be discussed at
the Pan-American Advertising Asso-
citation meeting at the Hotel Astor
next Wednesday. James Carson, of
the National Paper and Type Com
pany, president of the association, an
nounced yesterday that Dr. Julius
Klein, of Harvard; Earl Harding and
DR.. Abel Camacho, former secretary
Of the Colombian Legation in Paris,
would be included among the speakers.
New-York tribune., 1921-05-23
New Investor Chnnses We'll

Question: nave $4,000 wish to invest
as soon IS I hear from you. You very
per cent bonds, 1910. and also Kingdom
of Denmark 8s, 1946. like your analysts
of each. In a few weeks I expect to have
$4,000 more then figure buying
Northwestern Bell Telephone rs, 1871,
Montana Power list 5s, 1913, Standard Oil
of California. debenture Is. 1881, or West
inghouse Electric rs. 1891, and United
Kingdom of Great Britain & ireland Us,
1887 1 have never bought any bonds,
therefore do not know the ropes any
reliable broker Could ] buy through a
Would the house of Henry Clews & Co
fill the bill for me?-G. II. 7.
Answer-Yes, you can buy through
trust company or either of the two
New-York tribune., 1921-05-23
Investment
Information

Questions Of general interest to an-
vtStors tcili DO dnspeyed inefhis COZ,
ANN, in which case only intfiais sotH
be ueed. Other8 ioiU bo anstoered w
nail. Address all inquirica, fnolos-
ing stamped addressed enUelope. %
Financial Editor. Tbs Tribune, ls5
Nassau Street, New Yors City.
New-York tribune., 1921-05-23

64 sun OH 7s.... s5ix s5
~ IS g. Co 7l1s rs sel5 ss
4s sswiss Gov SIS Sc IS
SIS sTex Co rs nts.. % ssx
i45 50 S of Braz Ss es sTis
92 vacuum Oil Is. ieo% l00js !
6S sWest EIec Is. 100 s9ss
Winchester Is. 971s 9sss
sUaltsted. fscils cents per sA
New-York tribune., 1921-05-23

houses you name. We think that the
investments you have picked out are
high grade. We think for man max
ing his first investment in bonds you
have chosen remarkably we'll. You
will find the ropes surprisingly easy.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1921-04-21
Making Money"
Blamed for Robbery
Police Get New Report on Robbery
Over on the North Sheridan
Road Today.

Another explanation Of the alleged
robbery of the house 1892 Sheridan
road, was given to the police today
when it was declared that man had
been at the John Jonet home and had
shown a bunch of the Russians how
to "make money" 1t was declared
that on his orders the room containing
the $4,480 had not been entered for
some time. Alex Blisgko, who lives at
321 Middle street, declared to the po-
lice that he was the man who had given
Jonet the $500. He said that he was
to have been one of the members of
the party returning to Russia. The
wife of Jonet-the name was also
given to the police as "Johns" was at
the police Office and made an effort to
explain just how it all happened, but
the officers decided today that the two
men would be held pending further
examination into the case.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1921-04-21
Turkish Trade is
on the Upper Grade
According to Cablegram, All Business
Conditions in Turkey Have
Greatly Improved.

According to a cablegram received
today from the Constantinople office of
the Guaranty Trust Company Of New
York recent improvement in the bust
ness outlook in Turkey is resulting in
some commercial activity, although
transactions are limited to essentials.
The tendency of sterling exchange on
the Turkish market is steady and dol
lars are being offered in moderate
amount as a result of the purchase of
a small quantity of tobacco by Ameri-
can interests. The stock market is
generally dull and, Notwithstanding the
recent nationalist successes, Turkish
securities are weak and there are no
buyers.
Bulgarian millers, who are making
strenuous efforts to regain their form
er position in the Turkish -four market,
claim that they can export 100,000,000
kilos annually to Constantinople at a
low transit cost.
1t is reported that Soviet repre-
sentative in Constantinople has CON
siderable tobacco stock, against which
loan is being sought. He also is re-
ported to have a large credit in Con
stantinople banks for making pur-
chases.
Imports into Turkey during March
were about 1916 600 Turkish pounds,
a decrease of 100000 Turkish pounds
from February. Exports in March
were $4,000 Turkish pounds, an in
crease of $4,000 Turkish pounds over
February.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1921-04-21
JAPAN IN DEFENSE
OF HER POSITION
State Department Receives Long Note
Regarding Japan's Contention
in zap Question.
lBy Associated Press Leased N;re)

by Associated Press Leased W;re)
Washington-To maintain its posi-
tion with regard to the Pacific island
OF zap, the American government
would have ito prove not merely the
fact" that President Wilson made res
eryations concerning it, but also that
the supreme council decided in favor
Of those views" the japanese govern
ment says in a note under the date
of last February 26, made public today
by the state department along with the
other correspondence between the two
governments regarding zap.
ut must also be remembered" Japan
says that if decision in favor of the
exclusion of, the island of Tap-a ques-
ton of grave concern to Japan and one
on which the japanese delegation in
variably maintained firm attitude
had really been made, as it is implied
by the argument of the United States
government at the meeting (of the SUI
preme counciD May 7, (1919) at which
Japan was not represented it could not
but have been regarded as an act of
entirely bad faith"
1t was to this note that Secretary
Hughes replied last April 5, at the
same time sending similar notes to the
governments of Great Britain, France
and Italy. He declared that the United
States was unable to agree with Jap
ans contention that in order to main
tain its position, it would have ito
prove" not only that President Wilson
made reservations regarding zap, but
also that the supreme council adopted
thoes views.
Gas no treaty has ever been conclud-
ed with the United States relating to
the island of Yap," Mr.. Hughes added,
"and as no one has ever been author
lied to cede or surrender the right or
interest of the United States in the
island, this government must insist
that it has not lost its right or inter
est as it existed prior to any action of
the supreme council or of. the League
of Nations and cannot recognize the
ALLEGATION of the island with the valid
ity Of the mandate to. Japan"
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1921-04-21
RELIEF PARTIES BUSY
IN Big STORMS PATH
Latest Reports Indicate Toll of Hun
dred Lives in Arkansas Tor
nadO.,

Memphis-Relief workers began to-
day clearing away debris of the tor
nado which swept eastward from Tex
as Saturday and took toll of approx
imately 100 lives, injured several hun
dred persons and wrecked score or
more villages and farming settlements
in six southern states. The known
death list stood at "a with several
missing and believed killed.
Hampstead county, Ark, reported Al
dead. In Miller county, adjoining, II
lost their lives; three were killed in
Pope county, one in Yell county and
one in Pike.
Texas reported dead; Alabama IA
and Mississippi s.
Heavy rain and sharp drop in
temperature following the storm CON
tributed to the suffering but today
with tomorrow generally clear and
temperatures returning to normal. re-
ports indicated the work of rehabilita-
ton was we'll under way. Relief work
in the stricken area was being direct
ed by the Red Cross and local relief
companies.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1921-04-21
DECLARES GERMANY
STILL In DEFAULT
Lloyd George Makes Plain the Posi-
ton of Great Britain in
Parliament Today.
by Associated Press Leased Wire,


London = The German government,
said Premier Lloyd-George in the
House of Commons today, is still in
default with regard to reparations, the
trial of persons accused of offenses
against the laws of war and disarm-
ament. The Germans, he continude,
have not shown any inclination to ad-
vance practical proposal for carrying
out the treaty of Versailles in these
respects. Therefore, it was imperative
for the Allies to confer with regard
to the further steps which might be
necessary to enforce compliance with
the treaty. Mr.. Lloyd-G Georges state
ment was in answer to a question by
Commander Kenworthy. Independent
Liberal member as to whether the
Premier's attention had been called to
the prenouncement of Premier BRAND
of France, that France, as the ques-
toner construed it, intended to use
force against Germany after May 1
whether British troops would be in
volved in a new demonstration. The
prime minister said he could not state
whether there would be a meeting of
the Allied supreme council before May
/, but that undoubtedly there would
be communications between the Allies
The government, Lloyd-George declared
in dealing with the matter would pro
coed on the assumption that the peo-
pie of this country wanted to see the
treaty of Versailles enforced
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1921-04-21
WEARY WILKES
PROLOLVG VISIT
Train Hoppers Detained in
City When They Mount
U. S. Mail Car.

Kenosha is hospitable city At
least that is the opinion of four young
men, Albert Rex, Edward Manning, Al
bert Benson and E. j. Traimor who
were arrested Sunday afternoon at five
thirty for hopping a Chicago & Nortn-
western mail train. The young men
stated in court this morning that thuy
wanted to get out of Kenosha and that
they were not particular as to hitting
"the cushions" but would have ridden
the rods. They ATTEMPTED to beat the
Chicago and Northwestern out of a
little revenue and as a result are now
partaking of the hospitality of Sheriff
Rauen at the "little red brick house"
Were Tired of Kenosha~
The young fellows stated that they
were not going to any particular place
but that they just wanted to get out
side of Kenosha. "Kenosha is a
mighty nice little city," one of them
said, "but you rather lose your regard
for it when they make you accept of
its hospitality. The sheriff is a nice
fellow though and the "hoosegow" is a
nice, warm, comfortable place. It's
shame that Kenosha didn't anticipate
the Saturday storm and get us sooner"
Suspected Mail Robbers.
The arresting officers, Officer Bor-
den and Detective Welch of the Chica-
go and Northwestern railroad detective
service were of the opinion that they
might have gang of mail coach rob-
bers but an investigation of the case
brought out the fact that the men
were unarmed and were merely trying
to get out of the city. Manning, paid